Slide 1: FUCHS Group Financial Results H1 2018
FUCHS GROUP Financial Results H1 2018 | Analyst’s Conference, 31st July 2018 | Dagmar Steinert, CFO
Slide 2: Highlights H1 2018
Highlights H1 2018 Sales +5% to € 1,311 mn EBIT increase by 2% to €193 mn ▪ Continued strong organic growth across all three regions: Europe, Asia-Pacific, Africa and Americas Outlook 2018 reaffirmed ▪ Sales +3% to +6% ▪ Negative FX effect impacting sales and EBIT, ▪ EBIT +2% to +4% expected to decl
Slide 3: Sales development H1 2018
Sales development H1 2018 € mn + 5% YoY 1,311 700 1,247 668 643 618 629 615 611 600 586 567 564 550 500 400 300 Q1 '16 Q2 '16 Q3 '16 Q4 '16 Q1 '17 Q2 '17 Q3 '17 Q4 '17 Q1'18 Q2'18 l3
Slide 4: H1 2018 Group sales
H1 2018 Group sales € mn 1,600 -4 -56 +124 (-) (-5%) (+10%) 1,400 1,311 1,200 1,247 +64 (+5%) 1,000 800 600 H1 2017 Organic Growth External Growth FX H1 2018 l4
Slide 5: Regional sales growth H1 2018
Regional sales growth H1 2018 H1 2018 H1 2017 Growth Organic External FX (€ mn) (€ mn) Europe 791 751 +5% +7% -1% -1% Asia-Pacific, Africa 409 363 +13% +19% - -6% Americas 199 205 -3% +10% - -13% Consolidation -88 -72 - - - - Total 1,311 1,247 +5% +10% 0% -5% l5
Slide 6: Income statement H1 2018
Income statement H1 2018 € mn H1 2018 H1 2017 Δ € mn Δ in % Sales 1,311 1,247 64 5 Gross Profit 464 452 12 3 Gross Profit margin 35.4 36.2 - -0.8 %-points Other function costs -276 -271 -5 2 EBIT before at Equity 188 181 7 4 At Equity 5 9 -4 - EBIT 193 190 3 2 Earnings after tax 140 134 6 4 l6
Slide 7: EBIT development
EBIT development Strong negative FX-effects / Negative impact from at Equity income € mn + 2% YoY 193 120 190 98 101 94 94 94 96 91 92 92 90 85 60 30 0 Q1 '16 Q2 '16 Q3 '16 Q4 '16 Q1 '17 Q2 '17 Q3 '17 Q4 '17 Q1 '18 Q2 '18 l7
Slide 8: EBIT by regions
EBIT by regions H1 2018 (H1 2017) € mn 32 193 220 (32) (190) 200 68 180 (66) -5 (-2) 160 140 98 120 (94) 100 80 60 40 20 0 EBIT margin Europe Asia-Pacific, Africa Americas Holding/cons. Group before at equity 12.3% (12.4%) 15.4% (16.0%) 16.1% (15.6%) 14.3% (14.5%) l8
Slide 9: Cash flow H1 2018
Cash flow H1 2018 € mn H1 2018 H1 2017 Earnings after tax 140 134 Amortization/Depreciation 28 26 Changes in net operating working capital (NOWC) -32 -67 Other changes -10 1 Capex -41 -41 Free cash flow before acquisitions 85 53 Acquisitions -1 -1 Free cash flow 84 52 l9
Slide 10: Net operating working capital (NOWC)
Net operating working capital (NOWC)* 600 22.3% 22.5% 21.8% 21.4% 550 21.3% 21.0% 21.0% 500 21.0% 450 19.9% 78 81 400 79 19.5% 78 350 77 77 73 300 18.0% 2012 2013 2014 2015 2016 2017 Q2 2018 NOWC (in € mn) NOWC (in %) NOWC (in days) * In relation to the annualized sales revenues of the last quarter
Slide 11: H1 2018 earnings summary
H1 2018 earnings summary ▪ Strong organic growth across all regions, particularly in Asia-Pacific, Africa ▪ Negative FX-effects continue to impact sales and earnings, but lower compared to Q1 18; Effect will most likely continue to weaken over the course of the year ▪ Before currency translation str
Slide 12: Outlook 2018 reaffirmed
Outlook 2018 reaffirmed Performance indicator Actual 2017 Outlook 2018 Sales € 2,473 mn +3% to +6% EBIT € 373 mn +2% to +4% FUCHS Value Added € 250 mn At previous year‘s level Free cash flow before acquisitions € 142 mn At previous year‘s level ▪ Sales growth mainly driven by organic growth: volume
Slide 13: Disclaimer
Disclaimer The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on man
Slide 14: Thank you for your attention
Thank you for your attention