Slide 1: Q1 Results 2007 Analyst Presentation
Q1 Results 2007 3 May 2007 Analyst Presentation
Slide 2: Group Sales (in million Euro)
Group Sales (in million Euro) Total Sales Split per Business Group -3.0% Specialty Products (+0.4%)* 8% HealthCare 42% 810 786 Graphics 50% Q1 '06 Q1 '07 * Excluding currency impact Significant currency impact on sales of all business groups 2
Slide 3: Raw Materials
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Slide 4: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q1 '06 Q1 '07 % change Comments Sales 810 786 -3.0% +0.4% excl. currency Gross profit 316 302 -4.4% as a % of sales 39.0% 38.4% R&D -47 -47 0.0% SG&A* -207 -192 -7.3% as a % of sales 25.6% 24.4% Other operating items* -8 -6 -25.0% Recurring EBITDA* 93 94
Slide 5: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q1 '06 Q1 '07 % change Recurring EBIT* 54 58 7.4% Restructuring and non-recurring -11 -8 Operating result 43 50 16.3% Non-operating result -16 0 Profit before taxes 27 50 85.2% Taxes and minority interest -7 -8 Net result 20 41 105.0% * Before restructuri
Slide 6: Agfa Graphics
Agfa Graphics AGFA >
Slide 7: Graphics: Sales (in million Euro)
Graphics: Sales (in million Euro) Total Sales Split per Business Segment Inkjet, Software, -8.0% Service (-4.6%)* 14% Analog Prepress 424 23% 390 Digital Prepress 63% Q1 '06 Q1 '07 * Excluding currency effect Strong growth of digital solutions Decrease of analog due to discontinuation of unprofitabl
Slide 8: Graphics: Key Figures (in million Euro)
Graphics: Key Figures (in million Euro) Q1 '06 Q1 '07 % change Comments Sales 424 390 -8.0% -4.6% excl. currency Recurring EBITDA* 38.1 35.0 -8.1% % of sales 9.0% 9.0% Recurring EBIT* 20.1 18.0 -10.5% % of sales 4.7% 4.6% Prepress >7% * Before restructuring charges and non-recurring items Reduction
Slide 9: Graphics: Q1 Highlights
Graphics: Q1 Highlights • Commercial successes • Belgium: recently merged printing group Albe-De Coker installs 2 :Avalon LF units with :ApogeeX & :Delano project management software • CFI: one of the largest European book printer signs 3-year consumables contract for its sites in France, UK, German
Slide 10: Agfa HealthCare
Agfa HealthCare AGFA >
Slide 11: HealthCare: Sales (in million Euro)
HealthCare: Sales (in million Euro) Total Sales Split per Business Segment Classic +3.1% Radiology (+6.4%)* 19% Hardcopy 31% Cardiology IT 2% HIS/CIS 324 334 9% HealthCare IT = 32% CR/Modalities Radiology IT Q1 '06 Q1 '07 18% 21% * Excluding currency effect Strong increase of sales in CR/Modalities
Slide 12: HealthCare: Key Figures (in million Euro)
HealthCare: Key Figures (in million Euro) Q1 '06 Q1 '07 % change Comments Sales 324 334 3.1% 6.4% excl. currency Recurring EBITDA* 45.0 45.0 0.0% % of sales 13.9% 13.5% Recurring EBIT* 25.0 27.0 8.0% % of sales 7.7% 8.1% * Before restructuring and non-recurring items Cost reduction and growing share
Slide 13: HealthCare: Q1 Highlights
HealthCare: Q1 Highlights • Commercial successes • Strong order intake for Computed Radiography • PACS/RIS (radiology IT): several contracts in Latin America, Germany, USA, Canada, UK and Spain • Novation: 3-year contract for radiology (PACS and RIS) and cardiology IT • ORBIS roll-out started in The
Slide 14: Agfa Specialty Products
Agfa Specialty Products AGFA >
Slide 15: Specialty Products: Key Figures (in million Euro)
Specialty Products: Key Figures (in million Euro) Q1 '06 Q1 '07 % change Comments Sales 62 62 0.0% 3.1% excl. currency Recurring EBITDA* 13.4 12.4 -7.5% % of sales 21.6% 20.0% Recurring EBIT* 12.4 11.4 -8.7% % of sales 20.0% 18.4% * Before restructuring charges and non-recurring items Strong EBIT ma
Slide 16: Balance Sheet: Key Figures (in million Euro)
Balance Sheet: Key Figures (in million Euro) Assets Liabilities 3,832 3,840 3,832 3,840 Non-current 1,370 assets 1,407 Liabilities 2,899 2,869 Current 2,128 assets 2,071 Equity 933 971 Other 353 342 assets Dec. 2006 Q1 2007 Dec. 2006 Q1 2007 16
Slide 17: Working Capital: Key Figures (in million Euro/days)
Working Capital: Key Figures (in million Euro/days) Inventories Trade Receivables Trade Payables 1000 1000 1000 900 900 900 800 800 869 800 834 700 700 700 705 600 641 600 600 500 500 500 400 400 400 121 300 109 300 300 331 328 100 200 200 93 200 100 100 100 56 56 0 0 0 Mar'06 Mar'07 Mar'06 Mar'07 M
Slide 18: Balance Sheet: Key Figures
Balance Sheet: Key Figures Net Financial Debt (in million Euro) Gearing Ratio (%) 75.9% 73.8% 75.5% 65.8% 73.6% 66.5% 65.1% 715 41.4% 704 17.0% 17.8% Dec. '06 Q1 '07 Dec. Dec. Dec. Dec. Dec. Mar June Sep. Dec. Mar '01 '02 '03 '04 '05 '06 '06 '06 '06 '07 18
Slide 19: Cash Flow: Key Figures (in million Euro)
Cash Flow: Key Figures (in million Euro) Net operating cash flow 67 23 Q1 2006 Q1 2007 19
Slide 20: Update on Demerger
Update on Demerger AGFA >
Slide 21: Demerger Agfa-Gevaert
Demerger Agfa-Gevaert • Demerger process on track • Next steps: • Split of legal entities and systems • Prepare prospectus • Approval prospectus by CBFA . • Exceptional General Meeting • Three quotations on Euronext Brussels before end 2007 21
Slide 22: Questions & Answers
Questions & Answers AGFA >