Glunz & Jensen Holding A/s · OMXCOP:GJ
Glunz & Jensen Holding A/s — H1 2018/19 Earnings Presentation
12 slides from Glunz & Jensen Holding A/s's earnings presentation, November 2018
Slide 1: Welcome to
Welcome to
Slide 2: H1 2018 Highlights
H1 2018 Highlights positive
Slide 3: H1 Highlights 2018
H1 Highlights 2018 - Revenue was 106,7 million DKK (2017/18: 130,9 million DKK) - EBITDA was 5,3 million DKK before non-recurring items and fair value adjustment on investment properties (2017/18: 11,8 million DKK before non- recurring items and fair value adjustment on investment properties) 3
Slide 4: Performance 1st half year 2018
Performance 1st half year 2018 4
Slide 5: Annual financial statement
Annual financial statement Profit and Loss Statement 6 months 6 months 10 months 12 months 12 months DKK mill. 2018/19 2017/18 2017/18 2016/17 2015/16 Net sales 106,7 130,9 220,0 263,8 293,2 H1 of 2018/19 produced a 24 MDKK lower Gross profit 19,5 34,9 62,8 31,6 58,7 revenue than H1 of 2017/18 . Ope
Slide 6: Annual financial statement
Annual financial statement Balance Sheet 6 months 6 months 10 months 12 months 12 months DKK mill. 2018/19 2017/18 2017/18 2016/17 2015/16 The balance sheet is affected by the lower sales Assets in H1 2018/19, which has led to higher than Long-term assets 170,0 172,4 172,2 175,5 206,5 expected inven
Slide 7: Points in the turnaround plan - EBITDA
Points in the turnaround plan - EBITDA • Stop all rebates • Increase sales prices on machines and spare parts • Increase after market service (service contracts/extension of warranty) SALES • Revise discount structure for spare parts • Minimize product portfolio • Reduce material spend based on fewe
Slide 8: Glunz & Jensen locations
Glunz & Jensen locations Glunz & Jensen DK/Nyborg HQ, Manufacturing Flexo, Spare Parts & Sales Glunz & Jensen, Americas Sales Support & Training Center Glunz & Jensen Italy Flexo Sales & Service Glunz & Jensen SK Manufacturing Offset 8
Slide 9: Change4Succes Current/future performance
Change4Succes Current/future performance 9
Slide 10: Expectations for 2018/19
Expectations for 2018/19 • EBITDA before non-recurring items at the level of DKK 24 mill. • Working Capital increasing by max. DKK 8 mill. • Implement all major initiatives by 2018/19. 10
Slide 11: 2018/19 Guidance
2018/19 Guidance 12 months 10 months 12 months 12 months DKK mill. 2018/19 2017/18 2016/17 2015/16 Net sales 240 220,0 263,8 293,2 EBITDA * 24 26,0 15,3 10,2 EBITDA%* 10% 11,8% 5,8% 3,5% *) Before non-recurring and fair value adjustment on property 11
Slide 12: Please also visit us at www.glunz-jensen.com
Please also visit us at www.glunz-jensen.com Questions 12
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