Ascom Holding Ag · SIX:ASCN
Ascom — H1 2002 Earnings Presentation
21 slides from Ascom's earnings presentation, Sep 10, 2002
Slide 1: Half-year results 10 September 2002
Half-year results 10 September 2002
Slide 2: Order of events
Order of events Urs T. Fischer, President and CEO l Achievement of objectives in the first half-year l Facts and figures for the first half-year l Outlook second half-year Stephan Howeg, Head of Communications & Investor Relations l Questions and answers 020910 Half-year figures 2
Slide 3: First half-year 2002
First half-year 2002 l Reduction of net debts by 34% l Decision to focus on 4 core businesses – Core business Network Integration, Security Solutions, Wireless Solutions and Transport Revenue – Sales process, partnerships for ES, PBX (Ascotel), PLC l Start of internal programmes – "Real estate" – "P
Slide 4: Income statement (1/2)
Income statement (1/2) 30.06.2002 30.06.2001 CHFm % CHFm % Revenue 1093 100.0 1548 100.0 Costs of products sold (849) 77.7 (1157) 74.7 Gross profit 244 22.3 391 25.3 Functional costs (278) (25.4) (390) (25.2) Operating result (34) (3.1) 1 0.1 Amortisation of intangible assets + other expenses and in
Slide 5: Income statement (2/2)
Income statement (2/2) 30.06.2002 30.06.2001 CHFm % CHFm % Profit/(loss) from operational (87) (8.0) 12 0.8 activities (EBIT) Net financial profit (expenses) (7) (0.6) (22) (1.4) Share in the result of associated companies / minority interests in (profit)/loss 3 0.3 1 – Income taxes (9) (0.8) (17) (
Slide 6: Balance sheet
Balance sheet 30.06.2002 1.12.2001 CHFm % CHFm % Non-current assets 506 27.6 778 31.3 Current assets 1 329 72.4 1 704 68.7 Total assets 1 835 100.0 2 482 100.0 Shareholders' equity 382 20.8 514 20.7 Minority interests 1 0.1 3 0.1 Long-term liabilities 481 26.2 500 20.2 Short- term liabilities 971 52
Slide 7: Reduction of net debts July 2001- June 2002
Reduction of net debts July 2001- June 2002 800 750 700 650 CHF 631 million 600 550 500 450 400 CHF 416 million Jul Sep Nov Dez Apr Jun 020910 Half-year figures 7
Slide 8: ES/PBX/PLC: Milestones first half-year 2002
ES/PBX/PLC: Milestones first half-year 2002 l Energy Systems – Transfer of operations (manufacturing ) from high-wage countries (Germany, Switzerland, USA) to low-wage countries (China, Slovakia) with – Concentration of the activities in Slovakia and at the same time reduction and adaptation of the
Slide 9: ES/PBX/PLC: Milestones second half-year 2002
ES/PBX/PLC: Milestones second half-year 2002 l Energy Systems – Concentration on the sales process for the Energy Systems Division l PBX – Ascotel / IntelliGate successfully launched (planned) – Search for partners has started and is going according to plan – Completion signing in 2002 (planned) – C
Slide 10: Profitable growth
Profitable growth Network Integration Transport Revenue - Networked revenue - Networked voice and collection solutions data solutions for Mobile Carriers Technology Technology Security Solutions Wireless Solutions - Communications-based - Integrated communications security solutions solutions Techno
Slide 11: Key figures for Network Integration
Key figures for Network Integration (in CHF million) 1H/02 2H/01 1H/01 Incoming orders 193 210 250 Order backlog 122 82 100 Revenue 161 218 238 Operating result (1) (32) (3) 020910 Half-year figures 11
Slide 12: Network Integration: Milestones 2002
Network Integration: Milestones 2002 l First half-year 2002 – Expansion of the European partnership in the voice sector to strengthen the international customer base (Nortel Networks) – Restructuring and successful process re-engineering in Switzerland, turnaround on course – Operational improvement
Slide 13: Key figures for Security Solutions
Key figures for Security Solutions (in CHF million) 1H/02 2H/01 1H/01 Incoming orders 106 104 98 Order backlog 106 103 126 Revenue 108 127 112 Operating result 6 2 9 020910 Half-year figures 13
Slide 14: Security Solutions: Milestones 2002
Security Solutions: Milestones 2002 l First half-year 2002 – Integration of the tunnel radio activities from Motorola and first customer orders ( > CHF 5 million) – Successful expansion of the civilian business (> 50%) – Cost adjustments in the manufacturing area achieved l Second half-year 2002 – E
Slide 15: Key figures for Transport Revenue
Key figures for Transport Revenue (in CHF million) 1H/02 2H/01 1H/01 Incoming orders 131 203 142 Order backlog 316 338 337 Revenue 133 197 130 Operating result (15) (17) (5) 020910 Half-year figures 15
Slide 16: Transport Revenue: Milestones 2002
Transport Revenue: Milestones 2002 l First half-year 2002 – Acquisition of new large projects (Portugal, USA, Canada) – 30% of the loss-bringing projects completed according to plan – New processes implemented (opportunity and project delivery) – Professional offer and contract handling management i
Slide 17: Key figures for Wireless Solutions
Key figures for Wireless Solutions (in CHF million) 1H/02 2H/01 1H/01 Incoming orders 113 92 117 Order backlog 57 41 49 Revenue 110 100 101 Operating result 11 7 2 020910 Half-year figures 17
Slide 18: Wireless Solutions: Milestones 2002
Wireless Solutions: Milestones 2002 l First half-year 2002 – Achievement of an EBITDA margin of 14% – Increase the operating result by around 450% compared with the previous year – More stable incoming orders compared with the previous year l Second half-year 2002 – Slight increase in the EBITDA mar
Slide 19: Outlook for second half-year 2002
Outlook for second half-year 2002 l Market: No recovery l Unsatisfactory operating result l Further cost reductions l Further reduction of net working capital l Turnaround programme for Transport Revenue l Divestment projects l Long-term refinancing 020910 Half-year figures 19
Slide 20: Questions and answers
4. Questions and answers 020910 Half-year figures 20
Slide 21: ascom