Hella Gmbh & Co. Kgaa · XETR:HLE

Hella Gmbh & Co. Kgaa — Q1 FY 2018/19 Earnings Presentation

20 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Sep 27, 2018

  1. Slide 1: HELLA Investor Update Q1 FY 2018/19

    HELLA Investor Update Q1 FY 2018/19 Conference Call on September 27 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 Q1 FY 2018/19 Outline ■ HELLA Financial Highlights Q1 FY 2018/19 ■ HELLA Financial Results Q1 FY 2018/19 ■ Outlook ■ Q&A 3 HELLA Investor Update Q1 FY 2018/19, Conference Call on September 27th, 2018

  4. Slide 4: Positive sales growth and EBIT increase in Q1 FY 2018/19

    Positive sales growth and EBIT increase in Q1 FY 2018/19 Financial Highlights Q1 FY 2018/19 ■ HELLA Group currency adjusted sales grew by 10.3% YoY to Sales 1.8 bill. EUR ■ Adjusted Gross Profit margin at 28.0% (+0.6%-points YoY) Profitability ■ Adjusted EBIT +15 mill. EUR (+12.0% YoY) at 140 mill.

  5. Slide 5: Top line growth with strong development in Q1 FY 18/19

    HELLA top line growth with strong development in Q1 FY 18/19 Financial Highlights Q1 FY 2018/19 HELLA Group sales (EUR millions) Comment ■ Currency adjusted growth HELLA Group at 10.3% -10 ■ Reported sales growth HELLA Group at 9.7% (increased by 157 mill. EUR to 1,8 168 mill. EUR) +10.3% 9.7% − Aut

  6. Slide 6: Automotive outperforming all important regions

    HELLA Automotive outperforming all important regions Financial Highlights Q1 FY 2018/19 HELLA Automotive external sales by region (in EUR millions) Global Europe North & South America Asia & RoW 1,372 859 290 223 1,227 762 754 762 264 201 1,138 1,163 181 228 167 +11.8% -1.1% +1.1% +12.7% 208 +9.7% +

  7. Slide 7: Outline: Financial Results Q1 FY 2018/19

    HELLA Investor Update Q1 FY 2018/19 Outline ■ HELLA Financial Highlights Q1 FY 2018/19 ■ HELLA Financial Results Q1 FY 2018/19 ■ Outlook ■ Q&A 7 HELLA Investor Update Q1 FY 2018/19, Conference Call on September 27th, 2018

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

    GPM increase due to strong overall business development Financial results Q1 FY 2018/19 Adj. Gross Profit Highlights EUR millions 501 ■ Adj. Gross Profit increased by 53 448 mill. EUR (+11.9%) to 501 mill. EUR 399 421 +23 +26 +53 − Automotive +16.9% to 353 mill. EUR − Aftermarket** +8.6 % to 61 mill

  9. Slide 9: Continuous high R&D expenses to secure future growth

    Continuous high R&D expenses to secure future growth and to support production ramp-up Financial results Q1 FY 2018/19 R&D expenses Highlights EUR millions 168 ■ Absolute R&D expenses increased 3.7% 140 140 147 by 21 mill. EUR (+14.3% YoY) to 0 3.4% +7 +21 168 mill. EUR, mainly: − Secure and strengt

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

    Relatively stable development of SG&A costs Financial results Q1 FY 2018/19 Adjusted SG&A expenses Highlights EUR millions 204 ■ Adj. SG&A costs increased (+17 3.7% 3.7% 178 187 mill. EUR, +8.8%) to 204 mill. EUR 166 3.4% 3.4% +9 +17 ■ Higher logistic costs with additional +12 sales ■ Continuous inv

  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 Q1 FY 2018/19 Adjusted EBIT Highlights EUR millions 140 ■ Adj. EBIT increased by 15 mill. EUR 125 (+12.0%) to 140 mill. EUR, mainly: 118 101 +7 +15 − increase in adj. Gross Profit by 53 +17 mill. EUR (+11.9%) − higher R&D expen

  12. Slide 12: P&L including reconciliation

    P&L including reconciliation Financial results Q1 FY 2018/19 FY comparison Comments HELLA GROUP Q1 FY 17/18 Q1 FY 18/19 in EUR mill. ■ Reported EBIT Q1 FY 18/19 Gross Profit * reported 447.1 500.8 increased by 15 mill. EUR Adjustments 0.6 0.03 (+12.5%) to 139 mill. EUR, adjusted EBIT no major impact

  13. Slide 13: Adj. Free Cash Flow from operating activities increased

    Adj. Free Cash Flow from operating activities increased due to higher funds from operations Financial results Q1 FY 2018/19 Adj. FCF from operating activities Highlights EUR millions ■ Adj. Free Cash Flow from -54.3% 67 +17.7% operating activities increased by +63.8% 59 9 mill. EUR to 59 mill. EUR,

  14. Slide 14: Automotive segment with increasing growth and profitability

    Automotive segment with increasing growth and profitability Financial results Q1 FY 2018/19 +11.2% +5.9% Automotive Sales +1.5% 1,383 1,244 ■ Growth of 11.2% with ongoing production ramp- 1,158 1,175 +10.8% 606 ups and higher demand for: 537 +3.0% 646 +6.3% 547 500 515 − energy management and driver

  15. Slide 15: Non Automotive segments with positive contributions

    Non Automotive segments with positive contributions Financial results Q1 FY 2018/19 +6.8% Aftermarket* 174 +9.3% 163 ■ Total sales growth (+6.8%) due to strong 14.6 13.4 workshop business and positive IAM demand ■ Increase in adj. EBIT margin by 0.2pp to 8.4% 537 8.2 8.4 mainly due to higher GPM: Gr

  16. Slide 16: Outline: Outlook

    HELLA Investor Update Q1 FY 2018/19 Outline ■ HELLA Financial Highlights Q1 FY 2018/19 ■ HELLA Financial Results Q1 FY 2018/19 ■ Outlook ■ Q&A 16 HELLA Investor Update Q1 FY 2018/19, Conference Call on September 27th, 2018

  17. Slide 17: Overall market FY 18/19 expected to grow by 1.5% according to IHS

    Overall market FY 18/19 expected to grow by 1.5% according to IHS Outlook Expected LVP Region Comment (in m units) -0.1% ■ Slightly decrease in 2018/19 expected. Europe excluding Germany expected to grow by 1.5% to Europe 22.4 17.0m units, Germany with an expected decline of FY 18/19 4.7% to 5.5m un

  18. Slide 18: Company specific development for FY 2018/19 continuously positive

    Company specific development for FY 2018/19 continuously positive Guidance Presuming no serious political, economic or social crises, we expect a positive business development for the HELLA Group in fiscal year 2018/19: ■ Growth excluding FX and portfolio effects Sales growth between 5-10% ■ Growth

  19. Slide 19: Outline: Q&A

    HELLA Investor Update Q1 FY 2018/19 Outline ■ HELLA Financial Highlights Q1 FY 2018/19 ■ HELLA Financial Results Q1 FY 2018/19 ■ Outlook ■ Q&A 19 HELLA Investor Update Q1 FY 2018/19, Conference Call on August 10th, 2018

  20. Slide 20: 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

HELLA GmbH & Co. KGaA — Q1 FY 2018/19 Earnings Presentation on 6ix