Klingelnberg Ag · SIX:KLIN
Klingelnberg — H1 2018/19 Earnings Presentation
17 slides from Klingelnberg's earnings presentation, Nov 6, 2018
Slide 1: KLINGELNBERG AG
Presentation for Analysts and Investors – 06-November 2018 KLINGELNBERG AG Precision gearing champion with Swiss and German heritage Presentation for Analysts and Investors Financial Report H1 2018/19 Zurich, November 2018
Slide 2: Disclaimer
Presentation for Analysts and Investors – 06-November 2018 Disclaimer This presentation may contain specific forward-looking statements, e.g., statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-lo
Slide 3: Agenda
Presentation for Analysts and Investors – 06-November 2018 H1 Presentation 2018/19 Agenda Topic 1. Current situation 2. Financial results 3. Selected strategic projects Page 3
Slide 4: Highlights of H1 2018/19
Presentation for Analysts and Investors – 06-November 2018 Highlights of H1 2018/19 Full-year guidance reconfirmed Sales increase from EUR 76.4 million to EUR 99.1 million 1 (up 29.7%) Adjusted operating result improved EUR 1.9 million 2 compared to the previous half-year 3 Strategy on track 4 Confi
Slide 5: 2. Financial results
Presentation for Analysts and Investors – 06-November 2018 2. Financial results
Slide 6: Income statement: sales and result on track for full-year target
Presentation for Analysts and Investors – 06-November 2018 Income statement: sales and result on track for full-year target KLINGELNBERG Group Consolidated income statement (in €m) H1 2017/18 H1 2018/19 Deviations Net sales from goods and services 76.4 100% 99.1 100% 22.7 30% Other operating income
Slide 7: Attractive topline growth of about 30% vs. previous half-year
Presentation for Analysts and Investors – 06-November 2018 Attractive topline growth of about 30% vs. previous half-year... …paired with a strong order intake foundation Net sales from goods and services Order intake (in €m / year-over-year growth in %) (in €m / year-over-year growth in %) 257.0 263
Slide 8: Product mix: significant shift to cylindrical gears
Presentation for Analysts and Investors – 06-November 2018 Product mix: significant shift to cylindrical gears Net sales development by business unit Group net sales development Comments (in €m / year-over-year growth in %) Sales increases in all business Units except for “Drive Technology” 257.0
Slide 9: Income statement: Personnel expense
Presentation for Analysts and Investors – 06-November 2018 Income statement: Personnel expense KLINGELNBERG Group Consolidated income statement (in €m) H1 2017/18 H1 2018/19 Deviations Net sales from goods and services 76.4 100% 99.1 100% 22.7 30% Other operating income 1.9 2% 2.5 3% 0.6 32% Change
Slide 10: Personal ratio decreased due higher sales and efficiency projects
Presentation for Analysts and Investors – 06-November 2018 Personal ratio decreased due higher sales and efficiency projects Personnel expense Employees Personnel ratio (in €m / year-over-year growth in %) (Number of FTEs) (in % of total output)(1) 1,267 1,256 1,309 94.8 (4.1%) 5.7% 41.9% 40.2% 46.1
Slide 11: Income statement: Other operating income & expense
Presentation for Analysts and Investors – 06-November 2018 Income statement: Other operating income & expense KLINGELNBERG Group Consolidated income statement (in €m) H1 2017/18 H1 2018/19 Deviations Net sales from goods and services 76.4 100% 99.1 100% 22.7 30% Other operating income 1.9 2% 2.5 3%
Slide 12: Other expense ratio decreased due to leverage effects
Presentation for Analysts and Investors – 06-November 2018 Other expense ratio decreased due to leverage effects Other operating income (OOI) Other operating expense (OOE) Adj. expense ratio(1) (in €m) (in €m) (in % of total output)(2) 41.5 0.7 2.9 (4.7%) 2.5 1.9 21.6 18.4 15.5% 16.8% 16.0% 1.2 40.7
Slide 13: Income statement: EBIT and EBT
Presentation for Analysts and Investors – 06-November 2018 Income statement: EBIT and EBT KLINGELNBERG Group Consolidated income statement (in €m) H1 2017/18 H1 2018/19 Deviations Net sales from goods and services 76.4 100% 99.1 100% 22.7 30% Other operating income 1.9 2% 2.5 3% 0.6 32% Change in in
Slide 14: Adj. EBIT and Adj. EBITDA well above previous half-year
Presentation for Analysts and Investors – 06-November 2018 Adj. EBIT and Adj. EBITDA well above previous half-year Adj. EBITDA(1) Adj. Operating result (EBIT)(1) Adj. Profit before taxes (EBT)(1) (in €m / in % of net sales) (in €m / in % of net sales) (in €m / in % of net sales) 11.4% (3.0%) (0.4%)
Slide 15: Explanation foreign exchange result – main effect
Presentation for Analysts and Investors – 06-November 2018 Explanation foreign exchange result – main effect Effect on adjusted EBT - simplified Situation On the CashPool-account the AG holds EUR 25 million Exchange rate EUR-CHF (per 31-March 2018): 1.17875 Exchange rate EUR-CHF (per 30-Septem
Slide 16: 3. Selected strategic projects
Presentation for Analysts and Investors – 06-November 2018 3. Selected strategic projects
Slide 17: Q&A
Presentation for Analysts and Investors – 06-November 2018 Q&A