Glunz & Jensen Holding A/s · OMXCOP:GJ
Glunz & Jensen Holding A/s — Q1 2018/19 Earnings Presentation
12 slides from Glunz & Jensen Holding A/s's earnings presentation, Aug 31, 2018
Slide 1: Welcome to Glunz & Jensen
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Slide 2: Q1 2018 Highlights
Q1 2018 Highlights positive
Slide 3: Q1 Highlights 2018
Q1 Highlights 2018 - Revenue was 53,6 million DKK (2017/18: 61,5 million DKK) - EBITDA was 2,5 million DKK before non-recurring items and fair value adjustment on investment properties (2017/18: 7,0 million DKK before non- recurring items and fair value adjustment on investment properties) 3
Slide 4: Performance 1st Quarter 2018
Performance 1st Quarter 2018 4
Slide 5: Annual financial statement
Annual financial statement Profit and Loss Statement 3 months 3 months 10 months 12 months 12 months DKK mill. 2018/19 2017/18 2017/18 2016/17 2015/16 Net sales 53,6 61,5 220,0 263,8 293,2 Q1 of 2018/19 produced a 8 MDKK lower Gross profit n/a n/a 62,8 31,6 58,7 revenue than Q1 of 2017/18 – however
Slide 6: Annual financial statement
Annual financial statement Balance Sheet 3 months 3 months 10 months 12 months 12 months DKK mill. 2018/19 2017/18 2017/18 2016/17 2015/16 Assets The balance sheet is affected by the lower Long-term assets 172,0 173,1 172,2 175,5 206,5 sales in Q1 2018/19, which has led to Current assets 100,6 90,4
Slide 7: Points in the turnaround plan - EBITDA
Points in the turnaround plan - EBITDA • Stop all rebates • Increase sales prices on machines and spare parts • Increase after market service (service contracts/extension of warranty) SALES • Revise discount structure for spare parts • Minimize product portfolio • Reduce material spend based on fewe
Slide 8: Glunz & Jensen locations
Glunz & Jensen locations Glunz & Jensen DK/Nyborg HQ, Manufacturing Flexo, Spare Parts & Sales Glunz & Jensen, Americas Sales Support & Training Center Glunz & Jensen Italy Flexo Sales & Service Glunz & Jensen SK Manufacturing Offset 8
Slide 9: Change4Succes Current/future performance
Change4Succes Current/future performance 9
Slide 10: Revised target for 2018/19
Revised target for 2018/19 • EBITDA before non-recurring items at the level of DKK 24 mill. level • WC increasing by maximum DKK 8 mill. • Implement all major initiatives by 2018/19) 10
Slide 11: 2018/19 Expectations
2018/19 Expectations 12 months 10 months 12 months 12 months DKK mill. 2018/19 2017/18 2016/17 2015/16 Net sales 240 220,0 263,8 293,2 EBITDA * 24 26,0 15,3 10,2 EBITDA%* 10% 11,8% 5,8% 3,5% *) Before non-recurring 11
Slide 12: Please also visit us at www.glunz-jensen.com
Please also visit us at www.glunz-jensen.com Questions 12
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