Facc Ag · VIE:FACC
Facc — Q1 2018/19 Earnings Presentation
15 slides from Facc's earnings presentation, Jul 11, 2018
Slide 1: Analyst Presentation Q1 2018/19
ANALYST PRESENTATION Q1 2018/19 July 11, 2018 11.07.2018
Slide 2: Q1-2018/19 Business Highlights
Q1-2018/19 BUSINESS HIGHLIGHTS EUR 192.4 million total revenues equal an increase of + 4,4% EUR 16.3 million of EBIT - increase as a result from efficiency enhancements All segments support sustainable growth EUR 14.3 million free cash flow generation Phase 1 Investment program completed to generate
Slide 3: Program Highlights
PROGRAM HIGHLIGHTS Important FACC revenue contributors on track > Serial production program ramp ups in line with expectations. > Rate studies beyond current demands announced by OEM‘s providing further growth potential for FACC. > Program ramp ups are over compensating slow down of A380 and B737NG
Slide 4: China's Aerospace Program
CHINA´S AEROSPACE PROGRAM Substantial growth potential for early FACC engagement > ARJ 21 Program ramp up with 100% rate increases > C919 Flight test program and entry into service (EIS) forecasted for 2021 > C929 Possible FACC technology engagement > China production: Successful work transfer to Ch
Slide 5: Investments for Growth
INVESTMENTS FOR GROWTH Phase I of multi-year EUR 100 million investment program completed > Significant expansion of production capability > Additional equipment with new scale > Product insourcing ongoing – Restructuring of supply chain – Reduction of total cost of product and increase of profitabi
Slide 6: Aerospace Market Outlook
AEROSPACE MARKET OUTLOOK
Slide 7: Civil Aerospace Market
CIVIL AEROSPACE MARKET General outlook remains unchanged ˃ The growth trend in the civil aviation industry is expected to remain strong − OEMs confirm annual increase in passenger volumes of around 4.5 % − Up to 2036 commercial aircraft in service will more than double to roughly 42,500. − 37.400 (w
Slide 8: Aerospace Market Snap-shot
AEROSPACE MARKET SNAP-SHOT Current OEM performance underlines market growth > 666 firm orders placed between Jan 01 - Jun 30, 2018 (Airbus and Boeing only) > 681 airplane delivered between Jan 01 - Jun 30, 2018 (378 Boeing + 303 Airbus) > Airbus is raising its market forecast for 2036 from 34.900 to
Slide 9: Financials
FINANCIALS Q1 2018/19 9 place for PPT title 11.07.2018
Slide 10: Revenue and EBIT
REVENUE AND EBIT Revenues grew 4.4 % year-on-year with Nacelles and Interiors being the biggest drivers REVENUES OPERATING RESULT (EBIT) in EUR mill. in EUR mill. 7,7 -6,0 6,3 192,4 184,3 16,3 3,8 12,9 -2,2 1,7 12,5 10,8 Q1 17/18 Aerostructures Engines & Interiors Q1 18/19 Q1 17/18 IAS 8 EBIT Growth
Slide 11: Report by Business Segment
REPORT BY BUSINESS SEGMENT REVENUES REPORTED EBIT in EUR mill. in EUR mill. Q1 17/18 Q1 18/19 Q1 17/18 Q1 18/19 85,4 79,4 13,4 68,5 11,3 60,8 44,4 38,1 3,3 2,2 0,7 Aerostructures Engine & Nacelles Interiors -1,7 Aerostructures Engine & Nacelles Interiors Operating EBIT 10,2 2,0 0,3
Slide 12: Cash and Investment
CASH AND INVESTMENT CASH FLOW CAPITAL EXPENDITURES in EUR mill. in EUR mill. -9,7 24,1 -14,2 0,1 9,7 7,2 5,6 63,5 63,7 Cash and CF from CF from CF from FX Cash and Q1 16/17 Q1 17/18 Q1 18/19 cash operating investing financing cash equivalents activities activities activities equivalents at the at th
Slide 13: Balance Sheet Ratios
BALANCE SHEET RATIOS EQUITY RATIO NET FINANCIAL DEBT in EUR mill. in EUR mill. 39 % 46 % 40 % 285,4 197,0 269,7 323,1 181,9 178,1 FY 2016/17 FY 2017/18 Q1 2018/19 FY 2016/17 FY 2017/18 Q1 2018/19
Slide 14: Outlook
OUTLOOK Unchanged compared to reporting for FY 2017/18 on May 16, 2018 − In the coming years, the company expects to gradually increase the production rates of its most important programs. − Vision 2020 growth plan on track based on program ramp ups and new business contracts − FACC is particularly
Slide 15: Innovation Is Our Destination
INNOVATION IS OUR DESTINATION