Grammer Ag · XETR:GMM

Grammer — Q3 2017 Earnings Presentation

19 slides from Grammer's earnings presentation, Nov 13, 2017

  1. Slide 1: Presentation First Nine Months 2017

    Presentation First Nine Months 2017 Amberg, November 13, 2017

  2. Slide 2: Highlights 1-9 2017

    GRAMMER GROUP – HIGHLIGHTS 1-9 2017 Ongoing operational improvements. Proxy fight has negative impacts on earnings Major developments in the first nine months 2017 Successful AGM proxy-fight against minority shareholder Cascade New strategic partnership with Chinese automotive supplier Ningbo Jifeng

  3. Slide 3: Development 1-9 2017: Revenues and operating EBIT

    GRAMMER GROUP – DEVELOPMENT 1-9 2017 Group revenues and operating EBIT with ongoing improvement Revenues EBIT and operating EBIT [in € million] [in € million and % of revenues] +6% EBIT-margin Ops. EBIT-margin 3.9% 3.4% 3.8% 4.4% 1,339 1,265 58.6 49.5 47.5 45.8 1-9 16 1-9 17 1-9 16 1-9 17 1-9 16 1-9

  4. Slide 4: EBIT bridge 1-9 2017

    GRAMMER GROUP – DEVELOPMENT 1-9 2017 EBIT bridge 1-9 2017 EBIT bridge 1-9 2017 OPS EBIT [in € million] +23% 58.6 49.5 45.8 47.5 1 2 3 4 5 1-9 16 FX Proxy Uncovered Higher Cost 1-9 17 1-9 16 1-9 17 IFRS EBIT impacts fight R&D cost volume structure IFRS EBIT Ops EBIT Ops EBIT 1. Negative impact vs. pr

  5. Slide 5: Net profit and earnings per share

    GRAMMER GROUP – DEVELOPMENT 1-9 2017 Net profit on par with prev. year. EPS slightly diluted due to capital increase Net profit Basic earnings per share [in € million] [in €] +1% -6% 25.5 25.7 2.26 2.13 1-9 16 1-9 17 1-9 16 1-9 17 Net profit on par with previous year EPS slightly lower than previous

  6. Slide 6: Equity and net financial debt

    GRAMMER GROUP – DEVELOPMENT 1-9 2017 Higher equity and lower debt due to convertible bond placement in February Equity and equity-ratio Net financial debt and gearing [in € million and %] [in € million and %] +35% -4% 336.7 249.4 162.9 156.5 65% 31% 24% 46% 09/30/16 09/30/17 09/30/16 09/30/17 Equity

  7. Slide 7: Capex and capex ratio

    GRAMMER GROUP – DEVELOPMENT 1-9 2017 Investments continue to focus on expansion and optimization measures Capex and capex-ratio Capex 1-9 2017 by divisions [in € million and %] [in %] +18% 40.2 34.1 Commercial 17% Vehicles 3.0% 2.7% 7% Central Automotive 76% Services 1-9 16 1-9 17 As planned, capex

  8. Slide 8: Employees and headcount development

    GRAMMER GROUP – DEVELOPMENT 1-9 2017 Increase in headcount in-line with ongoing business growth Employees Employees in low-cost / high-cost countries [month-end] [month-end] +5% 12,759 12,196 high-cost 30% 29% countries 70% low-cost 71% countries 09/30/16 09/30/17 09/30/16 09/30/17 Headcount develop

  9. Slide 9: Automotive – Order intake situation 2017

    AUTOMOTIVE – ORDER INTAKE SITUATION 2017 Lower order intake due to reluctance of main customers to award new business Q1-Q3 2017 Automotive order intake for new projects Full-year Automotive order intake for new projects [life-time* revenues in € million] [life-time revenues* in € million] Order int

  10. Slide 10: Automotive – Development 1-9 2017

    AUTOMOTIVE – DEVELOPMENT 1-9 2017 Improvement of operating performance, but neg. impact of uncovered project costs Revenues EBIT and operating EBIT [in € million] [in € million and % of revenues] +4% EBIT-margin Ops. EBIT-margin 3.0% 3.0% 3.0% 3.4% 941.1 973.9 33.1 28.4 28.8 28.5 1-9 16 1-9 17 1-9 1

  11. Slide 11: Commercial Vehicles – Development 1-9 2017

    COMMERCIAL VEHICLES – DEVELOPMENT 1-9 2017 Partial recovery of key markets and cost optimization drive EBIT improvement Revenues EBIT and operating EBIT [in € million] [in € million and % of revenues] +10% EBIT-margin Ops. EBIT-margin 7.9% 8.2% 7.2% 8.6% 397.8 360.6 32.7 34.3 28.4 26.1 1-9 16 1-9 17

  12. Slide 12: Market Outlook 2017

    GRAMMER GROUP – MARKET OUTLOOK 2017 Car & Truck markets with solid growth. Brazil and Agriculture recovering in 2017 Car production – Actual 2016 & Forecast 2017 Truck production – Actual 2016 & Forecast 2017 [in % yoy] [Trucks >6t, in % yoy] Actual Forecast Trend Actual Forecast Trend vs. prev. vs.

  13. Slide 13: Outlook 2017

    GRAMMER GROUP – OUTLOOK 2017 EBIT outlook adjusted to reflect cost impacts of lower level of orders GRAMMER Group – Outlook: At Group level GRAMMER forecasts an increase in revenue of around 5% over the previous year in 2017. The reticence of some premium manufacturers to place new orders with GRAMM

  14. Slide 14: Backup Information

    Backup Information GRAMMER

  15. Slide 15: Key Figures 1-9 and Q3 2017

    GRAMMER GROUP Key Figures 1-9 and Q3 2017 [IFRS, in € million] Q3 2017 Q3 2016 Chg. 1-9 2017 1-9 2016 Chg. Group Revenues 430.9 404.7 +6.5% 1,338.9 1,265.3 +5.8% EBITDA 23.2 25.4 -8.7% 82.7 85.2 -2.9% EBITDA-Margin 5.4% 6.3% -0.9%-P 6.2% 6.7% -0.5%-P EBIT 10.7 13.1 -18.3% 45.8 49.5 -7.5% EBIT-Margin

  16. Slide 16: GRAMMER AG – Share Price Development

    GRAMMER AG – SHARE PRICE DEVELOPMENT Key Figures 1-9 and Q3 2017 GRAMMER share price in € December 31, 2015 until October 30, 2017 60 50 40 30 20 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Selected Broker Recommendations Top Shareholders Basic Share Data Current Current Broker Date Reco

  17. Slide 17: Financial Key Figures: 5-year development

    GRAMMER GROUP – FINANCIAL KEY FIGURES 5-year development [IFRS, in € million] 2016 2014 2013 2012 2015 Group Revenue 1,695.5 1,425.7 1,365.9 1,265.7 1,133.0 EBITDA 120.2 83.2 93.7 92.3 78.1 EBITDA-Margin 7.1% 5.8% 6.9% 7.3% 6.9% EBIT 73.0 42.7 57.0 58.0 49.0 EBIT-Margin 4.3% 3.0% 4.2% 4.6% 4.3% Prof

  18. Slide 18: Financial Calendar and IR Contact

    GRAMMER GROUP Financial Calendar and IR Contact Financial Calendar 2018 Investor Relations Contact FY 2017 Analyst Conference March 21, 2018 Ralf Hoppe VP Investor Relations, Communications, Marketing & Strategic Product Planning Interim Management Statements Q1 / 2018 May 14, 2018 Phone: +49 (0)962

  19. Slide 19: Legal Disclaimer

    GRAMMER GROUP Legal Disclaimer By attending the presentation to which this document relates or by accepting this document and not immediately returning it, you agree to be bound to the following limitations: This presentation and the topics addressed therein have been compiled for discussion purpose

Grammer — Q3 2017 Earnings Presentation on 6ix