Andritz AG · VIE:ANDR

Andritz — Investor Presentation (July 2010)

24 slides from Andritz's investor presentation, July 2010

  1. Slide 1: The ANDRITZ GROUP Company presentation July 2010

    The ANDRITZ GROUP Company presentation July 2010

  2. Slide 2: Contents

    Contents  ANDRITZ GROUP: overview  Results Q1 2010 ANDRITZ GROUP  Results Q1 2010 business areas  Outlook 2 Company presentation July 2010

  3. Slide 3: Company profile

    Company profile A world market leader in most business areas  ~50% of  ~25% of  ~10% of  ~10% of Group’s  ~5% of Group’s Group’s Group’s order intake. Group’s order intake. order intake. order intake. order intake.  Electro-  Systems for  Systems for  Systems for mechanical  Systems for me

  4. Slide 4: Strengthening of the market position

    Strengthening of the market position Growth through organic expansion and acquisitions HYDRO METALS 2006 VA TECH HYDRO 1997 Sundwig 2007 Tigép 1998 Thermtec ) 2008 GE Hydro business 2000 Kohler AGR C . 2008 GEHI (JV) 2002 SELAS SAS a te ( p.a R PULP & PAPER Furnace Div. w th : +15%wth) Gro-2009 c gr

  5. Slide 5: Long-term sales development

    Long-term sales development HYDRO as main growth driver  HYDRO, METALS, and ENVIRONEMNT & Share of sales by business area PROCESS with CAGR ≥10% during the last 2000 2009 CAGR ten years. HYDRO 3% 43% +58%  Strongest growth came from the HYDRO PULP & PAPER 58% 28% +6% business area. METALS 18% 15%

  6. Slide 6: Global presence

    Global presence Strong base in Europe, strong growth in emerging markets Employees 2000-2009 Employees 2000-2009: Employees by region 2000 vs. 2009: more than tripled strongest growth in emerging markets strong base in Europe 1% 1% 1% ~13,000 1% Emerging 9% markets 27% 9% 2000: 14 Others 2009: 257 +

  7. Slide 7: Order intake and sales by region

    Order intake and sales by region Well balanced geographical exposure Order intake by region Sales by region Q1 2010 (Q1 2009) in % Q1 2010 (Q1 2009) in % 7 Company presentation July 2010

  8. Slide 8: Solid balance sheet structure as of March 31, 2010

    Solid balance sheet structure as of March 31, 2010 Substantial increase of cash position  Total assets increased to 3,538.0 MEUR (December 31, 2009: 3,309.3 MEUR).  Liquid funds amounted to 1,296.5 MEUR (December 31, 2009: 1,082.1 MEUR). Net liquidity increased to 897.7 MEUR (December 31, 2009: 67

  9. Slide 9: Net cash position

    Net cash position Stable development despite acquisitions 06-2005: 05-2006: 12-2006: 06-2007: 12-2007: 05-2008: 10-2008: 07-2009: 01-2010: 02-2010: Lenser VA TECH HYDRO BMB Sindus Tigép GE Hydro Kufferath Rollteck Rieter Frautech Perfojet 06-2006: 03-2008: 03-2010: Kuesters Maerz 02-2010: DMT Precis

  10. Slide 10: ANDRITZ share

    ANDRITZ share Solid performance and broad research coverage Relative share price performance of the ANDRITZ share versus the ATX since the IPO 1.000% ANDRITZ 800% Performance of the ANDRITZ: ANDRITZ share 600% +797% 2004 +53% 400% 2005 +63% IPO of ANDRITZ: June 25, 2001 ATX ATX: 2006 +75% 200% +84%

  11. Slide 11: Contents

    Contents  ANDRITZ GROUP: overview  Results Q1 2010 ANDRITZ GROUP  Results Q1 2010 business areas  Outlook 11 Company presentation July 2010

  12. Slide 12: Results for Q1 2010: Profitability up despite sales decline

    Results for Q1 2010 Profitability up despite sales decline Group’s sales declined by 7% – sales in HYDRO up  Sales of the ANDRITZ GROUP decreased to 732.3 MEUR in Q1 2010: -7% vs. Q1 2009.  Sales increase in HYDRO (+10% vs. Q1 2009) could not compensate sales declines in all other business areas,

  13. Slide 13: Results for Q1 2010: Solid order intake and high order backlog

    Results for Q1 2010 Solid order intake and continuing high order backlog Solid order intake in difficult market environment – however, down by 7% compared to the very high level of last year  Group’s order intake amounted to 908.4 MEUR in Q1 2010: -7% compared to the very high level of Q1 2009 (981

  14. Slide 14: Q1 2010 results at a glance

    Q1 2010 results at a glance Solid business development with strong cash flow generation Unit Q1 2010 Q1 2009 +/- 2009 Order intake MEUR 908.4 981.4 -7.4% 3,349.3 Order backlog (as of end of period) MEUR 4,724.3 4,464.0 +5.8% 4,434.5 Sales MEUR 732.3 790.1 -7.3% 3,197.5 EBITDA MEUR 55.6 56.2 -1.1% 21

  15. Slide 15: Contents

    Contents  ANDRITZ GROUP: overview  Results Q1 2010 ANDRITZ GROUP  Results Q1 2010 business areas  Outlook 15 Company presentation July 2010

  16. Slide 16: HYDRO

    HYDRO Continued positive development  Market: good project activity in the main hydro markets served by ANDRITZ; good demand for modernizations and upgrades in Europe and North America; solid project activity for new hydropower capacities in emerging markets (esp. South America and Asia) – except C

  17. Slide 17: PULP & PAPER

    PULP & PAPER Order intake, earnings, and profitability significantly up  Market: increasing pulp prices due to high pulp demand, esp. from Asia, and mill shutdowns following Chile earthquake; however, project activity for pulp mill equipment remained at a rather low level, both for new pulp mills a

  18. Slide 18: METALS

    METALS Low project activity  Market: unchanged very low project activity due to substantial capex reductions at most steel producers, esp. in Europe and North America; reasonable investment activity from special industries (mainly the car and household appliances industries) in Asia and South Ameri

  19. Slide 19: ENVIRONMENT & PROCESS

    ENVIRONMENT & PROCESS Order intake up, continuing solid profitability  Market: overall solid project activity for sludge dewatering with strong demand from China; good development of industrial process applications in China, Russia, and Canada – low in other regions; stable project activity for bio

  20. Slide 20: FEED & BIOFUEL

    FEED & BIOFUEL Order intake strongly up, favorable profitability  Market: project activity in the animal feed sector showed initial signs of improvement, mainly in Asia and South America; in Europe, project activity developed favorably esp. in the pet food industry. Good project activity for biomas

  21. Slide 21: Contents

    Contents  ANDRITZ GROUP: overview  Results Q1 2010 ANDRITZ GROUP  Results Q1 2010 business areas  Outlook 21 Company presentation July 2010

  22. Slide 22: Outlook (1)

    Outlook (1) Expectations for the business areas:  HYDRO: good project activity expected in all relevant ANDRITZ HYDRO regions; good demand for modernizations and upgrades in Europe and North America; solid project activity for new hydropower capacities in the emerging markets (esp. South America an

  23. Slide 23: Outlook (2)

    Outlook (2)  ENVIRONMENT & PROCESS: continuation of good project activity for solid/liquid separation expected for 2010; good demand for biomass drying equipment to continue; slight increase in project activity for mining equipment expected.  FEED & BIOFUEL: unchanged slow project activity for fee

  24. Slide 24: Disclaimer

    Disclaimer Certain statements contained in this presentation constitute ‛forward-looking statements.’ These statements, which contain the words ‛believe’, ‛intend’, ‛expect’ and words of similar meaning, reflect management’s beliefs and expectations and are subject to risks and uncertainties that ma

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