Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — 9M 2013 Earnings Presentation
14 slides from Vossloh Aktiengesellschaft's earnings presentation, Oct 30, 2013
Slide 1: Presentation to Investors
Presentation to Investors October 30, 2013, interim report as of September 30, 2013 1
Slide 2: Disclaimer
Disclaimer NB: The presentation contains forward-looking statements that are based on current estimates and assumptions made by the management of Vossloh to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the nonoccurrence or occurrence of which cou
Slide 3: Vossloh Group, 9 months 2013
Vossloh Group, 9 months 2013 Sales growth remaining high, EBIT largely below year earlier due to one-off burdens ▬ Rail Infrastructure division’s sales boosted by international growth at Vossloh Fastening Systems ▬ Transportation division’s sales shrinking on account of project execution delays ▬ EB
Slide 4: Sales in Asia boosted to €242.1 million; Europe, Africa and Australia with sales growth
Vossloh Group, 9 months 2013 Sales in Asia boosted to €242.1 million; Europe, Africa and Australia with sales growth Sales trend worldwide (€ million) Sales trend in Europe (€ million) 597 972 (+8.5%) 577 26 892 (+10.1%) (+34.2%) (-21.9%) (+30.1%) (-17.0%) (-2.8%) (+27.8%) (+6.6%) (+3.5%) (+7.6%) Eu
Slide 5: Both divisions stepping up their capex volume year-on-year
Vossloh Group, 9 months 2013 Both divisions stepping up their capex volume year-on-year Capital expenditures (€ million) Amortization/depreciation (€ million) € million 1-9/2012 1-9/2013 ∆ in % ∑ 39.7 ∑ 43.8 ∑ 29.7 ∑ 32.0 Group 45 0.5 Capex 39.7 43.8 +10.2 35 0.6 2.0 16.3 40 0.6 Amortiz./deprec. 29.
Slide 6: Cash flow from operating activities positive despite EBIT drop
Vossloh Group, 9 months 2013 Cash flow from operating activities positive despite EBIT drop and working capital buildup in early 2013 ▬ Gross cash flow sinking below year-earlier level due to EBIT shrinkage ▬ Working capital buildup in Q3/2013 slimming down 9-month cash flow ▬ Cash flow from operati
Slide 7: Working capital merely inching up, capital employed stepped up
Vossloh Group, 9 months 2013 Working capital merely inching up, capital employed stepped up year-on-year after increase in fixed assets, net financial debt climbing ▬ Total assets rising due to higher fixed assets and inventories ▬ Total equity barely changing ▬ Working capital: average WC up 9.6%,
Slide 8: Order intake surging to €1,169.6 million, order backlog at historical high
Vossloh Group, 9 months 2013 Order intake surging year-on-year to €1,169.6 million, order backlog at a historical high of €1,745.8 million Order backlog, sales and order intake by business unit (€ million) Vossloh Fastening Systems Vossloh Rail Vehicles 281.9 382.5 1-9/2012 200.5 1-9/2012 125.7 216.
Slide 9: Rail Infrastructure division, 9 months 2013
Rail Infrastructure division, 9 months 2013 Division sales boosted, key driver being Vossloh Fastening Systems; EBIT well up year-on-year ▬ Sales mounting thanks to growth at all three business units, especially propelled by Vossloh Fastening Systems ▬ EBIT with even steeper rise, EBIT margin likewi
Slide 10: Rail Infrastructure division: sales trend by business unit
Rail Infrastructure division, 9 months 2013 Sales surging at Vossloh Fastening Systems; Vossloh Rail Services business picking up again year-on-year; Vossloh Switch Systems’ sales inching up Sales trend by business unit (€ million) 1-9/2012 200.5 200.5 334.3 334.3 39.7 39.7 571.5 1-9/2013 ??? 291.7
Slide 11: Transportation division, 9 months 2013
Transportation division, 9 months 2013 Project execution delays causing sales decline; EBIT badly hurt by provisions ▬ 9-month sales declining in 2013 due to delayed project execution at both business units ▬ EBIT and EBIT margin slumping year-on-year, substantially as additional provisions are reco
Slide 12: Transportation division: project delays hampering sales growth
Transportation division, 9 months 2013 Project delays hampering sales growth at both business units Sales trend by business unit (€ million) Transportation Systems 1-9/2012 125.7 80.0 120.7 320.4 Transportation Systems 1-9/2013 103.2 84.8 114.3 299.8 Rail Vehicles Locomotives Electrical Systems ▬ Sa
Slide 13: Vossloh Group, prospects 2013 and 2014
Vossloh Group, prospects 2013: sales up a good 5%, EBIT well below 2012 2014: around 10% to 15% sales upswing, appreciably upgraded profitability ▬ Mounting sales expected for 2013, and even steeper rise forecast for 2014, based on tall order backlog of over €1.7 billion ▬ Rail Infrastructure divisi
Slide 14: Financial diary and contacts
Financial diary and contacts Financial diary ▬ End of March 2014 Publication of the Group’s financial information 2013, press conference and investors conference ▬ May 29, 2014 Annual General Meeting Contacts ▬ Werner Andree, CEO ▬ IR contact: Lucia Mathée ▬ Email: investor.relations@ag.vossloh.com
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