Grammer Ag · XETR:GMM

Grammer — H1 2019 Earnings Presentation

17 slides from Grammer's earnings presentation, Aug 13, 2019

  1. Slide 1: On the Move – Presentation First Six Months 2019

    ON THE MOVE Presentation First Six Months 2019 Amberg, August 13th, 2019

  2. Slide 2: Market Development

    GRAMMER GROUP – MARKET DEVELOPMENT Car markets declining while Commercial Vehicles continue to grow Passenger Cars – New Registrations January to June 2019 (source vda)  First half year in the automotive industry mostly negative around the globe  New registrations in Germany (+1%), SUVs increased

  3. Slide 3: Development 1-6 2019: Solid start

    GRAMMER GROUP – DEVELOPMENT 1-6 2019 Solid start in the first six months of 2019 Revenues EBIT and operating EBIT [in € million] [in € million and % of revenues] +13% EBIT-margin Op. EBIT-margin 4.5% 4.8% 4.7% 4.8% 1,051.5 50.2 50.1 927.6 41.9 43.3 1-6 18 1-6 19 1-6 18 1-6 19 1-6 18 1-6 19 EBIT Oper

  4. Slide 4: Net profit on high levels

    GRAMMER GROUP – DEVELOPMENT 1-6 2019 Net profit on high levels Net Profit Earnings per share [in € million] [in €] +9.5% +9.2% 27.6 25.2 2.25 2.06 1-6 18 1-6 19 1-6 18 1-6 19  Net profit in 1-6 2019 at 27.6 € m.  Strong EPS development reflects positive development of GRAMMER Group net profit  Fi

  5. Slide 5: Balance sheet influenced by acquisition financing of TMD

    GRAMMER GROUP – DEVELOPMENT 1-6 2019 Balance sheet influenced by acquisition financing of TMD Equity and equity ratio Net financial debt and gearing [in € million and %] [in € million and %] +5% -0.3% 331.7 253.3 252.6 314.8 80% 76% 22% 23% 12/31/18 06/30/19 12/31/18 06/30/19  Equity increased to 3

  6. Slide 6: Investments

    GRAMMER GROUP – DEVELOPMENT 1-6 2019 Investments Capex and capex ratio Capex 1-6 2019 by divisions [in € million and %] [in %] Commercial Vehicles 56.0 16% 19% 5.3% Central 23.0 Automotive 65% Services 2.5% 1-6 18 1-6 19  Capex of 56 € m. for investments in operational excellence,  Main investment

  7. Slide 7: Headcount increases due to TMD acquisition

    GRAMMER GROUP – DEVELOPMENT 1-6 2019 Headcount increases due to TMD acquisition Employees Employees in best-cost / high-cost countries [month-end] [month-end] +1,803 employees 14,946 13,143 high-cost 29% countries 36% 71% best-cost 64% countries 06/30/18 06/30/19 06/30/18 06/30/19  Headcount develo

  8. Slide 8: Automotive – Development 1-6 2019

    AUTOMOTIVE – DEVELOPMENT 1-6 2019 Challenging start in H1 as expected – Sales & EBIT planned to improve in H2 Revenues EBIT and operating EBIT [in € million] [in € million] EBIT margin Op. EBIT margin +15% 3.5% 3.8% 3.3% 3.6% 745.0 28.4 646.7 27.1 22.4 21.3 1-6 18 1-6 19 1-6 18 1-6 19 1-6 18 1-6 19

  9. Slide 9: Commercial Vehicles – Development 1-6 2019

    COMMERCIAL VEHICLES – DEVELOPMENT 1-6 2019 Strong performance in a dynamic market environment Revenues EBIT and operating EBIT [in € million] [in € million] EBIT margin Op. EBIT-margin +8% 10.1% 9.8% 9.8% 9.7% 332.2 31.2 32.5 30.3 32.3 308.3 1-6 18 1-6 19 1-6 18 1-6 19 1-6 18 1-6 19 EBIT Operating E

  10. Slide 10: Market Outlook 2019

    GRAMMER GROUP – MARKET OUTLOOK 2019 Most regional car & commercial vehicle markets expected to decline Europe USA Brasil China World Worldwide car production Source: IHS 06/2019 -2% -2% +2% -4% -3% Worldwide truck production Source: IHS 04/2019 +1% +7% +9% -8% -1% Flat to Source: John Deere 05/2019

  11. Slide 11: Outlook 2019

    GRAMMER GROUP – OUTLOOK 2019 Further growth and improved profitability expected for GRAMMER Actual 2018 Outlook 2019 Group sales revenue 1.86 billion € around 2.1 billion € EBIT 49 million € Very clearly above prev. year GRAMMER Outlook Operating EBIT margin 4.1% > previous year ROCE 10.5% > previou

  12. Slide 12: Backup Information

    ON THE MOVE Backup Information

  13. Slide 13: Key Figures 1-6 2019

    GRAMMER GROUP Key Figures 1-6 2019 [IFRS in € million] Q2 2019 Q2 2018 Chg. 01-06 2019 01-06 2018 Chg. Group Revenues 517.4 473.2 9.3% 1,051.5 927.6 13.4% EBITDA 47.1 33.4 41.0% 91.3 65.4 39.6% EBITDA margin (in %) 9.1 7,1 2.0 %-points 8.7 7.1 1.6 %-points EBIT 26.2 21,5 21.9% 50.2 41.9 19.8% EBIT m

  14. Slide 14: Share price development

    GRAMMER AG Share price development GRAMMER share price in €, December 31, 2015 until June 30, 2019 70 60 50 40 30 20 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Selected Broker Recommendations Top Shareholders Basic Share Data Current Curr

  15. Slide 15: Financial key figures 5-year overview

    GRAMMER GROUP Financial key figures 5-year overview [IFRS, in € million] 2018 2017 2016 2015 2014 Group Revenues 1,861.3 1,786.5 1,695.9 1,425.7 1,365.9 EBITDA 101.0 116.0 120.2 83.2 93.7 EBITDA margin 5.4% 6.5% 7.1% 5.8% 6.9% EBIT 48.7 66.5 73.0 42.7 57.0 EBIT margin 2.6% 3.7% 4.3% 3.0% 4.2% Profit

  16. Slide 16: Financial Calendar and IR Contact

    GRAMMER GROUP Financial Calendar and IR Contact Financial Calendar 2019 Investor Relations Contact Interim Management Boris Mutius Statements Q3 / 2019 November 12, 2019 Head of Investor Relations, Communications, Marketing, CSR Phone: +49 (0)9621 66 2200 Fax: +49 (0)9621 66 32200 Email: investor-re

  17. Slide 17: Legal Disclaimer

    GRAMMER GROUP Legal Disclaimer By attending the presentation to which this document relates or by accepting this document and not immediately returning it, you agree to be bound to the following limitations: This presentation and the topics addressed therein have been compiled for discussion purpose

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