Alfa Laval AB · OMXSTO:ALFA
Alfa Laval AB — Q3 2006 Earnings Presentation
18 slides from Alfa Laval AB's earnings presentation, 2006
Slide 1: Alfa Laval
Slide 2: Interim Report Q3 2006 Key figures
Interim Report Q3 2006 - Orders received and margins - Highlights - Development per segment - Geographical development - Financials Mr. Lars Renströ Renström - Outlook President and CEO Alfa Laval Group Key figures July – September 2006 z Orders received up 17% to SEK 5,648 million z Net sales up 15
Slide 3: Orders received and order analysis
Orders received SEK million SEK million R 12 7 000 24 000 6 000 21 000 18 000 5 000 15 000 4 000 12 000 3 000 9 000 2 000 6 000 + 5% +22% +20% +15% +23% +28% +35% + 6% +16% +25% + 5% + 9% +17% 1 000 3 000 0 0 Q305 Q306 Q105 Q106 Q206 Q204 Q405 Q303 Q403 Q304 Q404 Q104 Q205 = rolling twelve months va
Slide 4: Adjusted EBITA / margin
Adjusted EBITA / margin * SEK million and in percent of sales 800 16,0 700 14,0 600 12,0 500 10,0 400 8,0 300 6,0 200 4,0 100 2,0 0 0,0 Q303 Q403 Q104 Q204 Q304 Q404 Q105 Q205 Q305 Q405 Q106 Q206 Q306 * Adjusted EBITA – ”Earnings before interests, taxes, amortization of Reversal of provisions SEK 40
Slide 5: Highlights
Highlights July – September 2006 z Order to liquid natural gas plant (LNG) in Qatar, SEK 75 million. - Plate heat exchangers to be used in a LNG- LNG-plant as part of the RasGas project in Qatar. Qatar. Delivery in 2007. © Alfa Laval Slide 8 www.alfalaval.com Highlights July – September 2006 z Order
Slide 6: Orders received by Segment
Interim Report Q3 2006 - Orders received and margins - Highlights - Development per segment - Geographical development - Financials Mr. Lars Renströ Renström - Outlook President and CEO Alfa Laval Group Orders received by Segment July – September 2006, at constant rates and for comparable units + Co
Slide 7: Orders received by Segment: Equipment and Process Technology
Orders received by Segment Equipment Division, July – September 2006, at constant rates and for comparable units z Continued good business + Comfort & Refrigeration climate in all sectors. z The marine investments continue to be on a high level. − Marine & Diesel + Fluids & Utility + OEM + Sanitary
Slide 8: Orders received by Segment; Environmental applications create growth
Orders received by Segment January – September 2006, at constant rates and for comparable units + Comfort & Refrigeration Parts & Service + = Marine & Diesel Life Science + + Fluids & Utility + OEM Process Industry + + Sanitary Energy & Environment + Food + © Alfa Laval Slide 14 www.alfalaval.com En
Slide 9: Orders received by Region
Interim Report Q3 2006 - Orders received and margins - Highlights - Development per segment - Geographical development - Financials Mr. Lars Renströ Renström - Outlook President and CEO Alfa Laval Group Orders received by Region July – September 2006, at constant rates Other 2 % L. A Nordic me 9% +3
Slide 10: Highlights Americas and Europe
Highlights Americas July – September 2006, at constant rates North America z Total orders and base orders in US very good. z Very strong development in +37 Fuel ethanol in US. Latin America z The Equipment Division doing well with focus on Refrigeration and Sanitary. z Argentina, Chile and Mexico sh
Slide 11: Highlights Asia; Orders received by Region
Highlights Asia July – September 2006, at constant rates Asia z A solid quarter with best growth in China, India and Taiwan. z Strongest development in Comfort & Refrigeration and Process Industry +4 z Slow quarter for Marine following an extraordinary quarter in 2005. © Alfa Laval Slide 20 www.alfa
Slide 12: Highlights
Interim Report Q3 2006 - Orders received and margins - Highlights - Development per segment - Geographical development - Financials Mr. Thomas Thuresson - Outlook CFO Alfa Laval Group Highlights SEK million July – Sep 06 Order intake 5,648 Net sales 4,810 Adjusted EBITA 760 Adjusted EBITA- EBITA-mar
Slide 13: Adjusted EBITA and Gross profit margin
Adjusted EBITA SEK million Q3 06 Jan- Jan-Sep 06 2006 760 1,992 2005 479 1,231 Deviation + 281 + 761 FX. translation + 11 - 45 FX. transaction - 18 - 11 Deviation excl FX + 274 + 705 © Alfa Laval Slide 24 www.alfalaval.com Gross profit margin In percent of sales 50 40 38.5 37.2 35.1 35.3 30 20 Q303
Slide 14: Highlights and Earnings per share
Highlights SEK million July – Sep 06 Order intake 5,648 Net sales 4,810 Adjusted EBITA 760 Adjusted EBITA- EBITA-margin 15.8% Profit before tax 611 © Alfa Laval Slide 26 www.alfalaval.com Earnings per share Jan- Jan-Sep Jan- Jan-Sep Q3 2006 Q3 2005 2006 2005 Earnings per share 3.91 2.54 10.78 5.19 E
Slide 15: Highlights and Cash-flow statement
Highlights SEK million July – Sep 06 Order intake 5,648 Net sales 4,810 Adjusted EBITA 760 Adjusted EBITA- EBITA-margin 15.8% Profit before tax 611 Cash flow from operating activities 1,624 ROCE 29.9 Excl. step- step-up and goodwill 77.3% © Alfa Laval Slide 28 www.alfalaval.com Cash-flow statement J
Slide 16: Foreign exchange and Order backlog
Foreign exchange Estimated impact on adjusted EBITA from Fx. Fx. fluctuations Jan- Jan-Sep SEK million Q3 2006 2006 WY 06* WY 07* Translation effect - 11 + 45 + 45 0 Transaction effect + 18 + 11 + 22 - 25 Total + 7 + 56 + 67 - 25 *Based on EUR/USD 1.27 and EUR/SEK 9.30 © Alfa Laval Slide 30 www.alfa
Slide 17: Capital Markets Day
Interim Report Q3 2006 - Orders received and margins - Highlights - Development per segment - Geographical development - Financials Mr. Lars Renströ Renström - Outlook President and CEO Alfa Laval Group Capital Markets Day November 16, at Hilton Copenhagen Airport Æ Structural changes in Alfa Laval’
Slide 18: Financial Targets and Outlook
Financial Targets Growth 5% V EBITA-margin 12 - 15% ROCE > 20% © Alfa Laval Slide 34 www.alfalaval.com Outlook for the near future “In most of the markets, geographical as well as customer segments, that Alfa Laval serves, a continued very strong demand is expected.” © Alfa Laval Slide 35 www.alfala