HELLA GmbH & Co. KGaA · XETR:HLE
HELLA GmbH & Co. KGaA — Q1 FY2015/16 Earnings Presentation
21 slides from HELLA GmbH & Co. KGaA's earnings presentation, Sep 25, 2015
Slide 1: HELLA Investor Update Q1 2015/16
HELLA Investor Update Q1 2015/16 Conference Call on September 25th, 2015 Dr. Wolfgang Ollig, Chief Financial Officer Carl Pohlschmidt, Finance Director HF-7761DE_C (2012-12)
Slide 2: Disclaimer
Disclaimer This document was prepared with reasonable care. However, no responsibility can be assumed for the correctness of the provided information. In addition, this document contains summary information only and does not purport to be comprehensive and is not intended to be (and should not be co
Slide 3: Outline
HELLA Investor Update Q1 2015/16 Outline HELLA Group Key Achievements Outlook Q&A Annex 3
Slide 4: Financial Highlights Q1 2015/16
HELLA Group Key Achievements Financial Highlights Q1 2015/16 FINANCIAL HIGHLIGHTS HELLA Group sales up 13.5% YoY to 1.5 bill. EUR, thereof 4.0%-points FX effects (mainly USD and CNY) Third party sales development per segment compared to previous year: Sales − Automotive: +15% driven by product launc
Slide 5: Sales (I) – Outperforming Markets Q1 2015/16
HELLA Group Key Achievements Sales (I) – Outperforming Markets Q1 2015/16 New passenger car registration (registrations in millions; growth in %) Global1 Europe China USA 0% +12% -3% +3% 14.5 14.6 3.4 4.1 4.0 4.4 4.5 3.0 Q1 FY Q1 FY Q1 FY Q1 FY Q1 FY Q1 FY Q1 FY Q1 FY 14/15 15/16 14/15 15/16 14/15 1
Slide 6: Segment Highlights – Q1 2014/15 to Q1 2015/16
HELLA Group Key Achievements Segment Highlights – Q1 2014/15 to Q1 2015/16 Automotive* Aftermarket* Special Applications* in mill. EUR** and in % sales in mill. EUR and in % sales in mill. EUR and in % sales Electronics Lighting EBIT Margin Sales EBIT EBIT Margin EBIT Sales EBIT EBIT Margin 1,400 15
Slide 7: P&L (I) – Q1 2014/15 to Q1 2015/16
HELLA Group Key Achievements P&L (I) – Q1 2014/15 to Q1 2015/16 Gross Profit margin Comment in % of sales* Excluding one-off charges from the supplier default, -0.4% positive gross profit margin development by +0.5%- +0.5% points due to operational improvements -1.6% Negative impact of hedging costs
Slide 8: P&L (II) – Q1 2014/15 to Q1 2015/16
HELLA Group Key Achievements P&L (II) – Q1 2014/15 to Q1 2015/16 EBIT and Adj. EBIT Comment in mill. EUR and % of sales Adjusted EBIT (excluding restructuring 101 +4% 97 95 costs and supplier failure) increased 4% to 101 mill. EUR, margin decreased by Adj EBIT 0.6%-points to 7.4% -27% 6.8% in FY15/1
Slide 9: Operative CF - Q1 2014/15 to Q1 2015/16
HELLA Group Key Achievements Operative CF - Q1 2014/15 to Q1 2015/16 Operative CF development Comment in mill. EUR and cash conversion ratio (Operative Cash Flow / adj. EBIT*) Operative CF* increased by 56 mill. EUR to 65 mill. EUR, whereby cash 64.8% settlements for restructurings of 3 mill. Op. CF
Slide 10: Outline
HELLA Investor Update Q1 2015/16 Outline HELLA Group Key Achievements Outlook Q&A Annex 10
Slide 11: Market specific outlook
Outlook Market specific outlook Outlook Automotive Sales Region Comment (in m pieces) +2% • Positive development of new car registrations in the first +2% 3.1 months of 2015 Germany 3.0 • Modest expected economic growth of approx. 1% for 2014 2015 2015 +5% +6% • Positive growth to or above pre-crise
Slide 12: Company specific outlook FY 2015/16
Outlook Company specific outlook FY 2015/16 Presuming no serious economic turmoil, we assume a further positive development of the operative HELLA business, however a decline in EBIT due to one-off charges in the FY 2015/16: Guidance Comment Growth in medium to high one- Sales still expected to grow
Slide 13: Outline
HELLA Investor Update Q1 2015/16 Outline HELLA Group Key Achievements Financial Report Outlook Q&A Annex 13
Slide 14: Outline
HELLA Investor Update Q1 2015/16 Outline HELLA Group Key Achievements Financial Report Outlook Q&A Annex 14
Slide 15: Key figures
Annex Key figures Figures in mill. EUR if not otherwise stated Key Financial Metrics *** *** * Interest coverage and Gearing are covenants for Syn Loan 15 Hella Investor Update Q1 2015/16, Conference Call on September 25, 2015
Slide 16: Income statement – Q1 2015/16
Annex Income statement – Q1 2015/16 * * 16 Hella Investor Update Q1 2015/16, Conference Call on September 25, 2015
Slide 17: Balance sheet – Assets: August 31, 2015
Annex Balance sheet – Assets: August 31, 2015 * 17 Hella Investor Update Q1 2015/16, Conference Call on September 25, 2015
Slide 18: Balance sheet – Equity and liabilities: August 31, 2015
Annex Balance sheet – Equity and liabilities: August 31, 2015 * * 18 Hella Investor Update Q1 2015/16, Conference Call on September 25, 2015
Slide 19: Cash Flow – Q1 2015/16
Annex Cash Flow – Q1 2015/16 * • Higher operative Cash Flow mainly due to lower gross capital expenditures • Decrease in net capex* from 159 mill. EUR to 106 mill. EUR; customer payments exceeding previous year’s level (23 vs 15 mill. EUR) • Operative Free Cash Flow of 65 mill. EUR *Includes gross c
Slide 20: Financial Debt Structure – August 31, 2014 vs. August 31, 2015
Annex Financial Debt Structure – August 31, 2014 vs. August 31, 2015 Figures in mill. EUR Financial Debt Structure August 2014 vs. August 2015 Maturity Aug 31, 2014 Deviation Aug 31, 2015 AFLAC Notes and Loan* 2032/33 175 0 175 7.25% Notes 2009/2014** 2014 200 -200 0 2.375% Notes 2013/2020** 2020 50
Slide 21: Thanks for your attention
Thanks for your attention Dr. Kerstin Dodel Investor Relations Office phone +49 2941 38 - 1349 Facsimile +49 2941 38 - 471349 Mobile phone +49 174 3343454 E-Mail kerstin.dodel@hella.com Internet www.hella.com
HELLA GmbH & Co. KGaA — Q1 FY2015/16 Earnings Presentation on 6ix