Slide 1: Analyst / Investor Conference Call Q3 2011 Results
Analyst / Investor Conference Call Q3 2011 Results October 6, 2011 03:00 p.m. CEST Uwe Röhrhoff, CEO Jürgen Wiecha, CFO
Slide 2: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements, including assumptions, opinions and views of the Company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development
Slide 3: Agenda
Agenda Review Q3 2011 and Guidance FY 2011 Uwe Röhrhoff, CEO Financial Overview Q3 2011 Jürgen Wiecha, CFO Appendix 3
Slide 4: Q3 2011: Another set of strong figures
Q3 2011: Another set of strong figures Key group figures in EUR m, EPS in EUR Revenues adjusted EBITDA FXN: + 13.4% adjusted EBITDA Margin + 9.9% + 7.1% 20.5% 20.0% adjusted EPS Net Financial Debt + 34.6% + 5.6% 1 Including the Vedat acquisition 4
Slide 5: Q3 2011: Operational key facts
Q3 2011: Operational key facts Tubular Glass: Back on the growth track Full production capacity available again, utilization rates of RTF® lines on the rise Productivity levels softer Plastic Systems: Strong organic growth driven by drug delivery devices and primary packaging solutions
Slide 6: Guidance upgraded for FY 2011 revenues and capex
Guidance upgraded for FY 2011 revenues and capex FY 2010 Guidance FY 2011 Upgraded Guidance as reported (as of July 13, 2011) FY 2011 (as of Oct. 6, 2011) Net revenues EUR 1,024.8m +6% to 7%1 at const. FX +7% to 8%1 at const. FX Adj. EBITDA margin 20.0% About 20.0% About 20.0% Capex EUR 73.2m About
Slide 7: Agenda
Agenda Review Q3 2011 and Guidance FY 2011 Uwe Röhrhoff, CEO Financial Overview Q3 2011 Jürgen Wiecha, CFO Appendix 7
Slide 8: Strong growth of revenues and earnings
Strong growth of revenues and earnings Q3 2011 Q3 2010 Change EUR m EUR m in % Total revenues 285.1 259.4 +9.9 Adjusted EBITDA1 57.1 53.3 +7.1 EBITDA 56.7 52.9 +7.2 Depreciation and amortization of FV adjustments 25.3 26.6 -4.9 Profit before interest and taxes (EBIT) 31.4 26.3 +19.4 Financial result
Slide 9: Q3 2011: Revenues by division
Q3 2011: Revenues by division Q3 2011 Change Change in % at EUR m in % const. FX Total Group 285.1 +9.9 +13.4 Tubular Glass 76.3 -1.2 +4.1 Plastic Systems 103.3 +37.2 +37.7 Moulded Glass 85.7 +0.5 +2.9 Life Science Research 23.5 -8.8 +1.6 9
Slide 10: Q3 2011: Adjusted EBITDA and margin by division
Q3 2011: Adjusted EBITDA1 and margin by division Q3 2011 Q3 2010 Change Margin Margin EUR m in % in % in % Total Group 57.1 +7.1 20.0 20.5 Tubular Glass 15.6 -14.8 20.4 23.7 Plastic Systems 23.3 +33.1 22.5 23.2 Moulded Glass 20.0 +2.0 23.3 23.0 Life Science Research 3.1 -3.1 13.3 12.4 1 Earnings bef
Slide 11: Key balance sheet figures
Key balance sheet figures Aug 31, 2011 Aug 31, 2010 Change EUR m EUR m in % Equity 550.7 509.3 +8.1 Equity ratio in % 37.5 37.7 Net Working Capital1 187.5 179.3 +4.6 in % of LTM revenues 17.4 17.8 Net Financial Debt2 376.4 356.6 +5.6 Adj. EBITDA Leverage 1.8 1.7 +5.9 1 Inventories (incl. prepayments
Slide 12: Long-term financing structure with ample financial leeway
Long-term financing structure with ample financial leeway Comparison of debt/cash positions in EUR m 376.4 Net Financial Debt 356.6 Interest rate (due date) Bond 126.0 300.0 Fixed coupon at 5.0% (2018) Long-term bank debt 188.3 Interest rate hedged at 3.26% 143.6 (2016) Revolving bank debt 40.0 0.0
Slide 13: Financial calendar
Financial calendar February 8, 2012 Annual Report 2011 April 12, 2012 Interim Report 1st Quarter 2012 April 26, 2012 Annual General Meeting July 11, 2012 Interim Report 2nd Quarter 2012 October 4, 2012 Interim Report 3rd Quarter 2012 13
Slide 14: Investor Relations & Creditor Relations contact details
Investor Relations & Creditor Relations contact details Phone +49 211 6181-257 Fax +49 211 6181-121 E-mail gerresheimer.ir@gerresheimer.com IR website www.gerresheimer.com/ir 14
Slide 15: Agenda
Agenda Review Q3 2011 and Guidance FY 2011 Uwe Röhrhoff, CEO Financial Overview Q3 2011 2011 Jürgen Wiecha, CFO Appendix 15
Slide 16: Q3 2011 Reconciliation from adjusted EBITDA to net income
Q3 2011 Reconciliation from adjusted EBITDA to net income Q3 2011 Q3 2010 EUR m EUR m Adjusted EBITDA 57.1 53.3 Restructuring expenses 0.0 0.1 One-off income/expense 0.4 0.3 EBITDA 56.7 52.9 Amortization of fair value adjustments 4.7 5.8 Depreciation 20.6 20.8 Profit before interest and taxes (EBIT)
Slide 17: Q1-Q3 2011 P&L overview
Q1-Q3 2011 P&L overview Q1-Q3 2011 Q1-Q3 2010 Change EUR m EUR m in % Total revenues 806.3 753.0 +7.1 Adjusted EBITDA1 155.1 147.9 +4.9 EBITDA 153.3 143.4 +6.9 Depreciation and amortization of FV adjustments 74.9 80.0 -6.4 Profit before interest and taxes (EBIT) 78.4 63.4 +23.7 Financial result -28.
Slide 18: Q1-Q3 2011: Revenues by division
Q1-Q3 2011: Revenues by division Q1-Q3 2011 Change Change in % at EUR m in % const. FX Total Group 806.3 +7.1 +8.2 Tubular Glass 225.0 -4.0 -1.8 Plastic Systems 273.4 +23.4 +22.6 Moulded Glass 251.1 +5.1 +6.2 Life Science Research 68.2 -2.2 +2.5 18
Slide 19: Q1-Q3 2011: Adjusted EBITDA and margin by division
Q1-Q3 2011: Adjusted EBITDA1 and margin by division Q1-Q3 2011 Q1-Q3 2010 Change Margin Margin EUR m in % in % in % Total Group 155.1 +4.9 19.2 19.6 Tubular Glass 46.3 -17.8 20.6 24.0 Plastic Systems 61.1 +19.1 22.4 23.1 Moulded Glass 54.2 +13.4 21.6 20.0 Life Science Research 8.3 +9.2 12.2 10.9 1 E
Slide 20: Q1-Q3 2011 Reconciliation from adjusted EBITDA to net income
Q1-Q3 2011 Reconciliation from adjusted EBITDA to net income Q1-Q3 2011 Q1-Q3 2010 EUR m EUR m Adjusted EBITDA 155.1 147.9 Restructuring expenses 0.0 3.7 One-off income/expense 1.8 0.8 EBITDA 153.3 143.4 Amortization of fair value adjustments 14.1 18.6 Depreciation 60.8 61.4 Profit before interest a