Heidelberger Druckmaschinen Ag · XETR:HDD

Heidelberger Druckmaschinen — Q1 FY 2020/2021 Earnings Presentation

16 slides from Heidelberger Druckmaschinen's earnings presentation, Aug 13, 2020

  1. Slide 1: Our goals: Profitability – Competitiveness – Safeguarding the future

    Our goals: Profitability – Competitiveness – Safeguarding the future Heidelberger Druckmaschinen AG – First Quarter Results FY 2020/2021 Rainer Hundsdörfer, CEO | Marcus A. Wassenberg, CFO | Wiesloch, August 13, 2020

  2. Slide 2: First Quarter FY 2020/2021

    First Quarter FY 2020/2021. Covid-19 pandemic impacting the global economy and the industry – transformation shows positive effects. • Covid-19 pandemic effects continue to pose major challenges – particularly for export companies like Heidelberg. • As already announced sales and order intake were h

  3. Slide 3: Our goals

    Our goals. Profitability. Competitiveness. Safeguarding the future. We deliver what we promise and are making great progress in implementing all announced measures. © Heidelberger Druckmaschinen AG 3

  4. Slide 4: Realignment: major progress in cost efficiency

    Realignment. Major progress in the area of cost efficiency. • Sustainable adjustment of our production and structural costs: Agreement on reduction in staff by about 1,600 jobs worldwide. • Streamlining the organization from Management Board to all management levels. • Optimization the global produc

  5. Slide 5: Realignment: transformation measures show effect

    Realignment. Transformation measures show effect. • With a reduction of net debt from € 391m in Q1 19/20 to € 122m in Q1 20/21, Heideberg is in a financially stable position to successfully drive forward the transformation. • The task now is to increase equity ratio and significantly lower our break

  6. Slide 6: Realignment: portfolio clean-up

    Realignment. Major progress in the area of portfolio clean-up. • Focus on profitable core activities: Closure of loss-making activities – relating to Primefire 106 and the large format by the end of CY 2020. • Further divestment of non-core business: • Sale of Gallus-Group to the Swiss packaging gro

  7. Slide 7: Realignment: early redemption of HYB

    Realignment. Next important step on financial stabilization – early redemption of HYB. Maturity profile as of June 30, 2020 • Funds from the pension trust are used for early repayment €m of the HYB (€ 150m). Redemption at par announced for September 9, 2020. • Interest reduction by approx. € 12m p.a

  8. Slide 8: Key figures at a glance

    Key figures at a glance. Covid-19 with substantial impact on order intake and sales – transformation is taking effect on earnings. €m Q1 19/20 Q1 20/21 Δ PY • Incoming orders were down by around 44 % yoy; all regions affected by global Incoming orders 615 346 -269 COVID-19 pandemic; base effect in C

  9. Slide 9: Balance sheet

    Balance sheet. Equity declined essentially due to reduction in discount rate on pensions. > Assets FY 2020 FY 2020 FY 2021 > Equity and liabilities FY 2020 FY 2020 FY 2021 Figures in mEUR 30-06-2019 31-03-2020 30-06-2020 Figures in mEUR 30-06-2019 31-03-2020 30-06-2020 3 Fixed assets 896 953 943 Equ

  10. Slide 10: Outlook for FY 20/21

    Outlook for FY 20/21. Covid-19 pandemic still impedes forecast. -• Weak order activity worldwide +• Beginning light market recovery -• Burden due to realignment and +• Profitability improvement from potential additional measures realignment ∑ • Sales expected to be significantly down on prior year •

  11. Slide 11: Backup

    Backup © Heidelberger Druckmaschinen AG 11

  12. Slide 12: Key Financial Highlights: Sales and EBITDA by segment

    Key Financial Highlights. Sales and EBITDA by segment in Q1 20/21. • Heidelberg Digital Technology: Sales by segment EBITDA* by segment affected by the significant further exacerbation of € m 600 € m 80 investment restraint stemming from COVID-19. 502 EBITDA* margin amounted to ~12% (PY ~ -3%) on 1

  13. Slide 13: Free cash flow

    Free cash flow. Improved but still negative. • Cash used in operating activities stood on the same Q1 19/20 Q1 20/21 level as prior year, after adjusting the result after taxes for non-cash items such as impairments, depreciation/amortization and provisions. Net result after taxes -31 5 • Net workin

  14. Slide 14: Regions

    Regions. Asia/Pacific and EMEA: signs of recovery towards the end of Q1. Incoming orders by region Q1 20/21 (Q1 19/20) €m 700 South America 615 600 17 102 North America 1.4% 500 (2.8%) EMEA 18.2% 71 (16.6%) 400 346 33.7% 5 300 203 63 € 346m (36.2%) (€ 615m) 48 Asia/Pacific 32.9% 200 (33.0%) 114 100

  15. Slide 15: Financial calendar 2020/2021

    Financial calendar 2020/2021. November 10, 2020 Publication of Half-Year Figures FY 2020/2021 February 10, 2021 Publication of Third Quarter Figures FY 2020/2021 June 9, 2021 Press Conference, Annual Analysts’ and Investors’ Conference - Dates may be subject to changes - © Heidelberger Druckmaschine

  16. Slide 16: Disclaimer

    Disclaimer This release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future devel

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