Slide 1: Announcement of Q1 2010 Results
Announcement of Q1 2010 Results Analyst / Investor Conference Call April 14, 2010 2:00 p.m. CEST Dr. Axel Herberg, CEO Hans-Jürgen Wiecha, CFO
Slide 2: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements, including assumptions, opinions and views of the Company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development
Slide 3: Agenda
Agenda Key Facts Q1 2010 and Guidance FY 2010 Dr. Axel Herberg, CEO Financial Overview Q1 2010 Hans-Jürgen Wiecha, CFO 3
Slide 4: Q1 2010 Financial Key Facts
Q1 2010 Financial Key Facts Results exceed prior year‘s quarter Increased like-for-like sales (+1.4%) Adjusted EBITDA margin of 17.0% on a solid level (prior year: 16.1%) Markedly increased results Profit from operations grew to EUR 12.3m (Q1 2009: EUR 9.2m) Net Income increased to EUR 2
Slide 5: Reiteration of Guidance FY 2010
Reiteration of Guidance FY 2010 20091 Guidance 2010 Net Sales EUR 970.8m +2% to 4% as reported 2 +2% to 4% at constant FX rate Adj. EBITDA margin 19.2% Mid 19% Capex EUR 86.4m EUR 75m to 80m 1 Excluding TPS 2 Exchange rate assumption for FY 2010: EUR 1.00 = USD 1.40 (Actual FY 2009 average exchange
Slide 6: Agenda
Agenda Key Facts Q1 2010 and Guidance FY 2010 Dr. Axel Herberg, CEO Financial Overview Q1 2010 Hans-Jürgen Wiecha, CFO 6
Slide 7: Q1 2010 P&L Overview
Q1 2010 P&L Overview Q1 2010 Q1 2009 EUR m EUR m in % Sales 224.8 237.3 -5.3 Adjusted EBITDA1 38.3 38.3 +0.0 Profit from operations 12.3 9.2 +33.7 Net income 2.4 -1.1 >100 EPS 0.06 -0.05 >100 Adjusted EPS 2 0.22 0.18 +22.2 1 Earnings before financial result, income taxes, amortization of fair value
Slide 8: Q1 2010 Sales by Segment
Q1 2010 Sales by Segment EUR m Reported growth [%] FXN1 [%] Total sales 224.8 -5.3 -3.3 Total sales ex TPS 224.8 -0.7 +1.4 Tubular Glass 70.9 +1.7 +5.5 Plastic Systems 64.7 -10.9 -11.6 Plastic Systems ex TPS 64.7 +4.9 +3.9 Moulded Glass 72.4 -5.5 -3.7 Life Science Research 20.4 -8.9 -1.4 1 FXN = Gro
Slide 9: Adjusted EBITDA & Margin by Segment
Q1 2010 Adjusted EBITDA1 & Margin by Segment Q1 2010 vs. Q1 2009 Q1 2010 Q1 2009 EUR m EUR m [%] [%] Total Group 38.3 +0.0 17.0 16.1 Total Group ex TPS 38.3 -0.7 17.0 17.2 Tubular Glass 16.6 +1.4 23.4 21.8 Plastic Systems 13.4 +1.7 20.7 16.1 Plastic Systems ex TPS 13.4 +1.0 20.7 20.1 Moulded Glass 1
Slide 10: Key Financial Figures
Q1 2010 Key Financial Figures Feb 28, 2010 Feb 28, 2009 EUR m EUR m in % Equity 482.6 471.1 +2.4 Equity ratio in % 35.9 33.1 Net Working Capital 1 175.1 203.7 -14.0 in % of LTM net sales 17.7 19.2 Net Financial Debt 2 402.6 460.3 -12.5 Adjusted EBITDA leverage 2.2 2.3 n/a Q1 2010 Q1 2009 EUR m EUR m
Slide 11: Financing Structure
Financing Structure Comparison of debt/cash positions in EUR m Net Financial Debt Q1 2009: 460.3m Q1 2010: 402.6m Interest rate (due date): Bond 126.0 7.9%; Fixed coupon 126.0 (2015) Long-term bank debt 257.6 5.7%; Hedged 100% 217.8 until Sep 2010 (2012/2013) 55bps over Euribor/Libor, Revolving bank
Slide 12: Financial Calendar
Financial Calendar April 29, 2010 Annual General Meeting July 14, 2010 Interim Report 2nd Quarter 2010 October 6, 2010 Interim Report 3rd Quarter 2010 February 10, 2011 Annual Report 2010 12
Slide 13: Investor Relations Contact Details
Investor Relations Contact Details Phone +49 211 6181-257 Fax +49 211 6181-121 E-mail gerresheimer.ir@gerresheimer.com IR website www.gerresheimer.com/ir 13
Slide 14: Reconciliation From Adjusted EBITDA to Net Income After Minorities
Q1 2010 Reconciliation From Adjusted EBITDA to Net Income After Minorities EUR m Q1 2010 Q1 2009 Adjusted EBITDA 38.3 38.3 Restructuring expenses 0.5 0.7 One-off income/expense 0.0 0.3 EBITDA 37.8 37.3 Amortization of fair value adjustments 6.3 9.6 Depreciation and amortization 19.2 18.5 Profit from