Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — 9M 2019 Earnings Presentation
14 slides from Rational Aktiengesellschaft's earnings presentation, Oct 31, 2019
Slide 1: A different kind of inspiration
A different kind of inspiration For the professional kitchens of the world Telephone Conference on the 9M 2019 figures
Slide 2: Highlights during Q3 – Management Summary
Highlights during Q3 Management Summary Continuation of successful business performance in Q3 2019 › Singapore subsidiary and regional logistics hub goes live › Continued investments and preparations for further growth › Strong business performance overall, on track with FY guidance, some caution on
Slide 3: Q3 figures (with constant currencies)
Q3 figures (w/ constant currencies) As Reported Currency neutral Group-wide sales revenue growth +9% +8% Gross margin 58.9% 58.3% EBIT margin 28.8% 27.6% 3
Slide 4: 9M figures at a glance
9M figures at a glance (as officially reported) +9% Sales revenue growth Gross EBIT margin 59% 26% margin New employees 72% Equity ratio 116 hired Both product groups with positive development Outlook confirmed 4
Slide 5: Organic growth 9M 2019: Sales revenue growth in line with expectations
Organic growth 9M 2019: Sales revenue growth in line with expectations › F/X › After Sales Business 778 › … +9% 702 613 613 564 562 497 461 +15% +6% +8% +14% +9% +15% +11% 2013 2014 2015 2016 2017 2018 9M 2018 9M 2019 Sales revenue in m EUR Sales revenue growth in % 5
Slide 6: Worldwide success: Sales revenue growth in all regions
Worldwide success 9M 2019: Sales revenue growth in all regions Germany (+7%) North America 12% (+12%) 19% 45% Europe (+6%) 14% Asia (+14%) (excluding Germany) Latin America 5% (+10%) Sales revenues in % of total Rest of the world 5% (Sales revenue growth in %) (+17%) 6
Slide 7: Good performance for both product groups
Good performance for both product groups VarioCookingCenter® with strong growth Sales revenues Combi-Steamers Sales revenues VarioCookingCenter® +8% 559 516 +18% 46 54 9M 2018 9M 2019 9M 2018 9M 2019 Sales revenue in m EUR Sales revenue growth in % 7
Slide 8: EBIT margin performs above previous year's level
EBIT margin performs above previous year‘s level 9M 2019: 26% EBIT margin +15% +11% +13% +10% +12% +7% +5% +4% 128 145 160 167 188 205 142 160 m Euro 29% 28% 28% 27% 27% 26% 25% 26% 2013 2014 2015 2016 2017 2018 9M 2018 9M 2019 Change in % EBIT margin in % 8
Slide 9: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity 9M 2019 9M 2018 Non-current assets 198 154 Inventories 66 56 Trade receivables 124 120 Other assets 96 89 Liquid funds 168 137 Total assets 652 556 Equity 471 407 Non-current liabilities 37 27 Current provisions 64
Slide 10: Continued investments for growth and efficiency
Continued investments for growth and efficiency Investment in infrastructure, products and processes › Preparation of new Logistics Center in LL 43 › Planned factory expansion in Wittenheim 40 40 › Modernisation of machinery park 25 19 18 17 14 12 9 10 8 2014 2015 2016 2017 2018 2019e Capital Invest
Slide 11: Share price development
Share price development Outperforming of various benchmarks 280 260 240 220 200 180 160 140 120 100 80 Dez 14 Mrz 15 Jun 15 Sep 15 Dez 15 Mrz 16 Jun 16 Sep 16 Dez 16 Mrz 17 Jun 17 Sep 17 Dez 17 Mrz 18 Jun 18 Sep 18 Dez 18 Mrz 19 Jun 19 Sep 19 (Database in local currency) RATIONAL FS Industry MSCI Wo
Slide 12: Resignation of Dr Kaufmann as per 31 December 2019
Resignation of Dr Kaufmann as per 31 December 2019 Commercial area with Dr Stadelmann as per January 2020 › Dr Axel Kaufmann will leave the company as per end of 2019 at his own request in order to take on a new assignment at Nemetschek SE › We thank Dr Kaufmann for his achievements and wish him all
Slide 13: Upcoming events – Financial calendar 2019
Upcoming events Financial calendar 2019 31.10.2019 Financial figures 9M 2019 05.11.2019 Roadshow Baader-Helvea (Toronto) 06.11.2019 Conference HSBC (New York) 07.11.2019 Conference Baird (Chicago) 14.11.2019 Roadshow DZ Bank (Frankfurt) 21.11.2019 Conference LBBW (London) 03.12.2019 Conference Beren
Slide 14: RATIONAL
RATIONAL
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