Agfa-gevaert Nv · EURONEXT:AGFB
Agfa-gevaert Nv — Q1 2017 Earnings Presentation
18 slides from Agfa-gevaert Nv's earnings presentation, May 9, 2017
Slide 1: Q1 2017 Results
Q1 2017 Results 9 May 2017 AGFA
Slide 2: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q1'16 Q1'17 ∆% (excl. curr. ) Sales 603 588 -2,5%(-4,2%) Gross Profit* 195 193 -1,0% as a % of sales 32,3% 32,8% SG&A* -127 -129 2,4% as a % of sales 21,1% 21,9% R&D* -35 -38 8,6% Other operating items* 0 -1 Recurring EBITDA* 48 39 -18,8% as a % of sales
Slide 3: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q1'16 Q1'17 ∆% Recurring EBIT* 34 26 -23,5% Restructuring and non-recurring -4 -3 -25,0% Operating result 30 23 -23,3% Non-operating result -8 -12 Profit before taxes 22 11 Taxes -12 -3 Net result 10 8 attributable to the owners of the company 8 6 attribu
Slide 4: Net Financial Debt (in million Euro)
Net Financial Debt (in million Euro) 191 176 175 126 94 102 83 58 52 40 31 -18 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 -37 4
Slide 5: Working Capital: Key Figures (in million Euro/days)
Working Capital: Key Figures (in million Euro/days) 800 Inventories 800 Trade Receivables* 800 Trade Payables 700 711 700 700 688 691 686 648 600 635 600 600 597 580 577575 561 563 542544 542 500 528 537 531 500 500 512 512 483 487482 498484 400 452 452 464 400 436 421 400 399388413 384371 374 363 3
Slide 6: Main Group Drivers behind Key Figures
Main Group Drivers behind Key Figures Q1 2017 • In spite of the strong impact of inventory adjustments in Agfa HealthCare’s hardcopy business, the Agfa-Gevaert Group’s revenue decreased by only 2.5% to 588 million Euro. The main growth engines of all three business groups performed well. • In spite
Slide 7: Graphics
Graphics AGFA
Slide 8: Graphics: YTD Sales per Business Segment
Graphics: YTD Sales per Business Segment 1Q 2017 100% = 300 million Euro Inkjet, Software, Service 23% Analog Prepress 10% Digital Prepress 67% 8
Slide 9: Graphics: Key Figures (in million Euro)
Graphics: Key Figures (in million Euro) Q1'16 Q1'17 ∆% (excl. curr.) Sales 307 300 -2,3%(-4,1%) Gross Profit* 89 90 1,1% as a % of sales 29,0% 30,0% SG&A* -65 -66 5,9% as a % of sales 21,2% 22,0% R&D* -11 -11 0,0% Other operating items* 5 1 Recurring EBITDA* 24,7 19,9 -17,8% as a % of sales 8,0% 6,6
Slide 10: Graphics: Main Drivers behind Key Figures
Graphics: Main Drivers behind Key Figures Q1 2017 • Agfa Graphics’ top line trend improved considerably compared to the previous quarters. The inkjet segment posted solid revenue growth. In the prepress segment, the volume trend for printing plates started to improve, mainly driven by the sustainabl
Slide 11: HealthCare
HealthCare AGFA
Slide 12: HealthCare: YTD Sales per Business Segment
HealthCare: YTD Sales per Business Segment 1Q 2017 100% = 239 million Euro Hardcopy 24% Classic Radiology 5% CR/Modalities 21% Imaging IT* 32% HIS/CIS 18% HealthCare IT = 50% * Includes Radiology and Cardiology IT 12
Slide 13: HealthCare: Key Figures (in million Euro)
HealthCare: Key Figures (in million Euro) Q1'16 Q1'17 ∆% (excl. curr.) Sales 254 239 -5,9%(-7,5%) Gross Profit* 97 91 -6,2% as a % of sales 38,2% 38,1% SG&A* -55 -57 6,3% as a % of sales 21,7% 23,8% R&D* -22 -24 9,1% Other operating items* -3 0 Recurring EBITDA* 22,5 16,3 -27,6% as a % of sales 8,9%
Slide 14: HealthCare: Main Drivers behind Key Figures
HealthCare: Main Drivers behind Key Figures Q1 2017 • Agfa HealthCare’s top line decrease was mainly attributable to the Imaging segment’s hardcopy and classic X-ray products. After a strong fourth quarter in 2016, the hardcopy business was impacted by inventory measures at the distributors’ level i
Slide 15: Specialty Products
Specialty Products AGFA
Slide 16: Specialty Products: Key Figures (in million Euro)
Specialty Products: Key Figures (in million Euro) Q1'16 Q1'17 ∆% (excl. curr. ) Sales 42 49 16,7%(15,9%) Gross Profit* 10 12 20,0% as a % of sales 23,8% 24,5% SG&A* -6 -6 0,0% as a % of sales 14,3% 12,2% R&D* -2 -3 50,0% Other operating items* -1 -1 Recurring EBITDA* 2,0 3,5 75,0% as a % of sales 4,
Slide 17: Specialty Products: Main Drivers behind Key Figures
Specialty Products: Main Drivers behind Key Figures Q1 2017 • Agfa Specialty Products’ revenue increased to 49 million Euro. Both the future- oriented businesses (mainly Security, Synaps Synthetic Paper and Orgacon Electronic Materials), as well as a number of classic film product ranges performed w
Slide 18: Questions & Answers
Questions & Answers AGFA