Krones Ag · XETR:KRN
Krones — Q3 2013 Earnings Presentation
16 slides from Krones's earnings presentation, Oct 24, 2013
Slide 1: Profitable growth – Conference Call January–September 2013
krones 1｜ krones Highlights Sample textQ3 2013 Profitable growth Conference Call January – September 2013 October 24, 2013
Slide 2: Highlights Q3/2013
krones 2｜ krones Highlights Sample textQ3 2013 Highlights Q3/2013 KRONES continues solid, profitable growth trend − Revenue improved 7.1% from €1,897.6 million in the year-earlier period to €2,032.9 million in the first three quarters of 2013. − KRONES generated an EBT margin of 5.8% in the period f
Slide 3: With 7% increase in Orders received KRONES is according to plan
krones 3｜ krones Highlights Sample textQ3 2013 With 7% increase in Orders received KRONES is according to plan Trend by region Q1-Q3 Orders on hand Orders received 2011 2012 2013 Central Europe +7% +4% Western Europe 1,070 1,012 +6% Q3 987 +3% 1,968 2,104 Eastern Europe +7% 1,893 721 640 CIS/Central
Slide 4: Sales are increasing in Q1–Q3 by 7.1%
krones 4｜ krones Highlights Sample textQ3 2013 Sales are increasing in Q1 – Q3 by 7.1% Sales Sales per Region (in mio. €) Germany 204.0 10.0 % Central Europe 47.5 2.3 % +7% +5% Western Europe 344.3 17.0 % 2,033 Eastern Europe 63.8 3.1 % 1,815 1,898 655 CIS/Central Asia 59.7 2.9 % 608 +8% 557 +9% Q3
Slide 5: EBT-Margin is increasing significantly because of higher productivity
krones 5｜ krones Highlights Sample textQ3 2013 EBT-Margin is increasing significantly because of higher productivity EBT Q1 – Q3 +132% Material costs Q1 – Q3 1,011.5 916.9 117.1 891.5 832.4 -40% +79% 37.4 51.0 Q3 49.9 84.1 49.6 48.8 14.9 2010 2011 2012 2013 50.4 Material costs to total performance i
Slide 6: Product bottling and -decoration: Improvement of profitability
krones 6｜ krones Highlights Sample textQ3 2013 Product bottling and –decoration: Improvement of profitability Sales development +3% +3% 1,666 1,617 1,578 530 Q3 489 470 Key Topics 2013 560 561 Q2 565 − Regionalization of the LCS business 575 543 568 Q1 − Cost reduction program to compensate future c
Slide 7: Process technology: Strong sales growth and break-even
krones 7｜ krones Highlights Sample textQ3 2013 Process technology: Strong sales growth and break-even Sales development +39% 290.1 +24% 103.0 208.7 Q3 168.8 Key Topics 2013 96.9 105.0 75.0 − Executed measures for the material flow technology Q2 50.1 56.6 and intralogistic 43.7 55.2 82.1 Q1 − Expansi
Slide 8: KOSME achieved break-even
krones 8｜ krones Highlights Sample textQ3 2013 KOSME achieved break-even Sales development +8% +6% 76.8 67.2 71.4 Key Topics 2013 22.7 Q3 11.6 21.7 35.4 27.8 Q2 − Balanced production utilization during the year 24.2 26.2 25.5 26.3 Q1 − Further development of the LCS business 2011 2012 2013 − Reposit
Slide 9: ROCE and Working Capital are on the right path
krones 9｜ krones Highlights Sample textQ3 2013 ROCE and Working Capital are on the right path ROCE in % Average Working Capital in % (to sales) 25.9 25.0 24.0 23.7 ROCE mid term target: 20 % Working Capital mid term target: 20 % 15.3 15.0 13.6 12.2 Q1-Q3 Q1-Q3 Target Q1-Q3 Q1-Q3 Target 2012 2012 201
Slide 10: Free Cash flow stable at -62.6 €m
10 krones ｜kronesSample text Highlights Q3 2013 Free Cash flow stable at -62.6 €m Q1-Q3 2013 Q1-Q3 2012 Earnings before tax in €m 117.1 50.4 +/- non-cash expenses and income in €m 126.7 100.2 +/- change in Working Capital in €m -229.7 -135.7 +/- other (mainly tax payments) in €m -19.0 -22.6 Cash flo
Slide 11: New group organisation for more customer proximity and more efficient processes
11 krones ｜kronesSample text Highlights Q3 2013 New group organisation for more customer proximity and more efficient processes and structures Function-oriented organisation Executive board level Executive board level Executive board level Function A Function B Function C Function D Function E New s
Slide 12: Targets for 2013
12 krones ｜kronesSample text Highlights Q3 2013 Targets for 2013 KRONES’ focus for 2013 within the Value strategy programme is on the pillars growth and profitability. KRONES confident to achieve the three targets: − Revenue growth of 4% (confirmed) − EBT Margin 5.8% – 6.0% (raised, previous: over 5
Slide 13: Targets for 2014
13 krones ｜kronesSample text Highlights Q3 2013 Targets for 2014 KRONES’ focus for 2014 within the Value strategy programme is on the pillars growth and profitability. KRONES confident to achieve the three targets: − Revenue growth of 4% − EBT Margin around 6.2% − ROCE 16%
Slide 14: Thank you! Vielen Dank!
14 krones ｜kronesSample text Highlights Q3 2013 Thank you! Vielen Dank!
Slide 15: Financial calendar
15 krones ｜kronesSample text Highlights Q3 2013 Financial calendar Balance Sheet 30.04.2014 Press Conference (Munich) (Annual report 2013) Interim report 30.04.2014 Olaf Scholz Senior Vice President as per March 31th 2014 Investor Relations and International Group Accounting Phone +49 9401 / 70-1169
Slide 16: Disclaimer
16 krones ｜kronesSample text Highlights Q3 2013 Disclaimer This investor presentation contains forward-looking statements that are based on current estimates, forecasts and assumptions made by KRONES AG management to the best of its knowledge and other information currently available to KRONES AG. T