HELLA GmbH & Co. KGaA · XETR:HLE

HELLA GmbH & Co. KGaA — H1 FY 2017/18 Earnings Presentation

21 slides from HELLA GmbH & Co. KGaA's earnings presentation, Jan 11, 2018

  1. Slide 1: HELLA Investor Update H1 FY 2017/18

    HELLA Investor Update H1 FY 2017/18 Conference Call on January 11, 2018 Dr. Rolf Breidenbach, CEO Bernard Schäferbarthold, CFO HF-7761DE_C (2012-12)

  2. Slide 2: Disclaimer

    Disclaimer This document was prepared with reasonable care. However, no responsibility can be assumed for the correctness of the provided information. In addition, this document contains summary information only and does not purport to be comprehensive and is not intended to be (and should not be co

  3. Slide 3: Outline

    HELLA Investor Update H1 FY 2017/18 Outline ■ HELLA Financial Highlights H1 FY 2017/18 ■ HELLA Financial Results H1 FY 2017/18 ■ Outlook ■ Q&A 3 HELLA Investor Update H1 FY 2017/18, Conference Call on January 11th, 2018

  4. Slide 4: Financial Highlights H1 FY 2017/18

    Positive sales growth and EBIT increase in H1 FY 2017/18 Financial Highlights H1 FY 2017/18 ■ HELLA Group currency adjusted sales grew by 9.3% YoY to Sales 3.5 bill. EUR ■ Adj. Gross Profit margin at 28.1% (+0.3%-points YoY) Profitability ■ Adj. EBIT +25 mill. EUR (+9.3% YoY) at 293 mill. EUR ■ Adju

  5. Slide 5: HELLA top line growth with strong development in H1 FY 17/18

    HELLA top line growth with strong development in H1 FY 17/18 Financial Highlights H1 FY 2017/18 HELLA Group sales (EUR millions) Comment ■ Currency adjusted growth HELLA Group at 9.3% ■ Reported sales growth HELLA Group -42 at 8.0% (increased by 255 mill. EUR +9.3% 297 8.0% to 3,452 mill. EUR) − Aut

  6. Slide 6: Automotive outperforming LVP in all regions

    Automotive outperforming LVP in all regions Financial Highlights H1 FY 2017/18 HELLA Automotive external sales by region (in EUR millions) Global Europe North & South America Asia & RoW 2,623 1,619 1,629 533 462 1,560 2,392 2,406 1,452 404 2,128 442 -3.7% +4.4% 409 364 +0.6% +9.0% +11.5% 358 318 +14

  7. Slide 7: Outline

    HELLA Investor Update H1 FY 2017/18 Outline ■ HELLA Financial Highlights H1 FY 2017/18 ■ HELLA Financial Results H1 FY 2017/18 ■ Outlook ■ Q&A 7 HELLA Investor Update H1 FY 2017/18, Conference Call on January 11th, 2018

  8. Slide 8: GPM increase due to strong overall business development

    GPM increase due to strong overall business development Financial results H1 FY 2017/18 Adj. Gross Profit Highlights EUR millions 969 ■ Adj. Gross Profit increased by 82 861 887 773 mill. EUR (+9.2%) to 969 mill. EUR +82 +88 +26 − Automotive +10.3% to 685 mill. EUR − Aftermarket + 1.2% to 210 mill.

  9. Slide 9: Continuous high R&D expenses to secure future growth and support production ramp-up

    Continuous high R&D expenses to secure future growth and support production ramp-up Financial results H1 FY 2017/18 R&D expenses Highlights EUR millions 339 ■ Absolute R&D expenses increased 3.7% 311 291 by 28 mill. EUR (+8.9% YoY) to 269 3.4% +28 339 mill. EUR, mainly: +20 +22 − Secure and strength

  10. Slide 10: Relatively stable development of SG&A costs

    Relatively stable development of SG&A costs Financial results H1 FY 2017/18 Adjusted SG&A expenses Highlights EUR millions 361 ■ Adj. SG&A costs increased under- 3.7% 3.7% 338 341 305 proportionally (+20 mill. EUR, 3.4% +2 +20 +5.9%) to 361 mill. EUR +33 3.4% ■ Under-proportional increase in distrib

  11. Slide 11: Adjusted EBIT and EBIT margin above prior-year's level

    Adjusted EBIT and EBIT margin above prior-year’s level Financial results H1 FY 2017/18 Adjusted EBIT Highlights EUR millions 293 ■ Adjusted EBIT increased by 25 mill. 256 268 EUR (+9.3%) to 293 mill. EUR, 227 +25 +12 mainly: +29 − increase in adj. Gross Profit by 82 mill. EUR (+9.2%) − higher R&D (+

  12. Slide 12: P&L including reconciliation

    P&L including reconciliation Financial results H1 FY 2017/18 Half-year comparison Comments HELLA GROUP H1 H1 ■ Reported EBIT H1 only FY 16/17 FY 17/18 slightly negatively impacted in EUR mill. by restructuring expenses in Gross Profit reported 887.1 967.8 Germany Adjustments 0.0 1.3 adjusted 887.1 9

  13. Slide 13: Q2 FY 17/18 with significantly stronger growth in Automotive

    Q2 FY 17/18 with significantly stronger growth in Automotive Financial results H1 FY 2017/18 Quarterly comparison Comments Q2 FY 16/17 Q2 FY 17/18 ■ Q2 FY 17/18 with acceleration of Automotive sales; Q2 FY 16/17 13.6% affected by ramp-downs and SOP 12.1% shifts Segment Total Sales ■ Aftermarket with

  14. Slide 14: Adj. Free Cash Flow from operating activities increased

    Adj. Free Cash Flow from operating activities increased due to higher funds from operations Financial results H1 FY 2017/18 Adj. FCF from operating activities Highlights EUR millions -651.2% ■ Adj. Free Cash Flow from -27.7% +23.1% 102 operating activities increased by 91 17 mill. EUR to 91 mill. EU

  15. Slide 15: Automotive segment with increasing growth

    Automotive segment with increasing growth Financial results H1 FY 2017/18 +9.1% +6.4% +0.7% Automotive Sales 2,650 2,268 2,413 2,430 ■ Growth of 9.1% with ongoing production ramp- 9.7% 2.9% 7.3% 1,148 ups and higher demand for: 537 1,040 646 1,070 948 − energy management and driver assistance +14.6%

  16. Slide 16: Non Automotive segments with positive contributions

    Non Automotive segments with positive contributions Financial results H1 FY 2017/18 +0.2% Aftermarket -0.7% 611 ■ External sales growth (+3.6%) due to positive 37.4 37.1 IAM and wholesale business, total sales grew 610 slightly by 0.2% due to loss of intercompany 537 6.1 6.1 business ■ EBIT margin c

  17. Slide 17: Outline

    HELLA Investor Update H1 FY 2017/18 Outline ■ HELLA Financial Highlights H1 FY 2017/18 ■ HELLA Financial Results H1 FY 2017/18 ■ Outlook ■ Q&A 17 HELLA Investor Update H1 FY 2017/18, Conference Call on January 11th, 2018

  18. Slide 18: Overall market FY 17/18 expected to grow by 1.7% according to IHS

    Overall market FY 17/18 expected to grow by 1.7% according to IHS Outlook Expected LVP Region Comment (in m units) +3.8% ■ Continuing growth in 2017/18 expected. Europe excluding Germany expected to grow by 5.5% to Europe 22.7 16.8m units, Germany with an expected decline of FY 17/18 0.7% to 5.9m un

  19. Slide 19: Company specific development for FY 2017/18 confirmed

    Company specific development for FY 2017/18 confirmed Guidance Presuming no serious economic turmoil, we assume a positive development of the operative HELLA business for FY 2017/18: Sales growth ■ Growth excluding FX between 5-10% Adj. EBIT growth ■ Growth between 5-10% Adj. EBIT margin ■ Margin ar

  20. Slide 20: Outline

    HELLA Investor Update H1 FY 2017/18 Outline ■ HELLA Financial Highlights H1 FY 2017/18 ■ HELLA Financial Results H1 FY 2017/18 ■ Outlook ■ Q&A 20 HELLA Investor Update H1 FY 2017/18, Conference Call on January 11th, 2018

  21. Slide 21: Thanks for your attention

    Thanks for your attention Dr. Kerstin Dodel, CFA Head of Investor Relations Office phone +49 2941 38 - 1349 Facsimile +49 2941 38 - 471349 Mobile phone +49 174 3343454 E-Mail kerstin.dodel@hella.com Internet www.hella.com

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