Fuchs Se · XETR:FPE
Fuchs — Fuchs Petrolub — H1 2017 Earnings Presentation
15 slides from Fuchs's earnings presentation, Aug 1, 2017
Slide 1: FUCHS Group Financial Results H1 2017
FUCHS Group Financial Results H1 2017 | Analysts’ Telephone Conference, 1st August 2017, Mannheim | Dagmar Steinert, CFO
Slide 2: Highlights H1 2017
Highlights H1 2017 Sales +10% to €1,247 mn EBIT +4% to €190 mn Outlook 2017 ▪ Organic growth in all regions updated ▪ Slight external growth in North America ▪ Sales outlook raised ▪ Decreasing tailwind from FX ▪ EBIT outlook reaffirmed l2
Slide 3: Sales Development
Sales Development € mn 1,136 + 9.8% 1,247 700 618 629 600 586 567 564 550 500 400 300 Q1 '16 Q2 '16 Q3 '16 Q4 '16 Q1 '17 Q2 '17 l3
Slide 4: H1 Group Sales
H1 Group Sales € mn 1,400 +84 +11 +16 (+7.4%) (+1.0%) (+1.4%) 1,200 1,247 1,136 1,000 +111 (+9.8%) 800 600 H1 2016 Organic Growth Acquisitions FX H1 2017 l4
Slide 5: Regional sales growth H1 2017
Regional sales growth H1 2017 H1 2016 H1 2017 Growth Organic External FX (€ mn) (€ mn) Europe 721 751 +4.2% +4.4% - -0.2% Asia-Pacific, Africa 298 363 +21.8% +18.9% - +2.9% Americas 172 205 +19.0% +7.7% +6.4% +4.9% Consolidation -55 -72 - - - - Total 1,136 1,247 +9.8% +7.4% +1.0% +1.4% l5
Slide 6: Income Statement H1 2017
Income Statement H1 2017 € mn H1 2016 H1 2017 Δ € mn Δ in % Sales 1,136 1,247 111 9.8 Gross Profit 427 452 25 5.8 Gross Profit margin 37.6% 36.2% - -1.4%-points Other function costs -254 -271 -17 +6.9 EBIT before at Equity 173 181 8 4.2 At Equity 10 9 -1 -4.1 EBIT 183 190 7 3.8 Earnings after tax 12
Slide 7: EBIT Development
EBIT Development € mn 183 + 3.8% 190 120 98 94 94 94 96 85 60 0 Q1 '16 Q2 '16 Q3 '16 Q4 '16 Q1 '17 Q2 '17 l7
Slide 8: EBIT by regions
EBIT by regions H1 2017 (H1 2016) € mn 32 190 (31) 200 (183) 66 -2 (61) (-4) 150 94 (95) 100 50 0 Europe Asia-Pacific, Africa Americas Holding/cons. Group EBIT margin before at equity 12.4% (13.1%) 15.9% (17.5%) 15.7% (18.3%) 14.5% (15.2%) l8
Slide 9: Cash flow H1 2017
Cash flow H1 2017 € mn H1 2016 H1 2017 Earnings after tax 127 134 Amortisation/Depreciation 23 26 Changes in net operating working capital (NOWC) -46 -67 Other changes 0 1 Capex -32 -41 Free cash flow before acquisitions 72 53 Acquisitions -20 -1 Free cash flow 52 52 l9
Slide 10: 5,030 employees globally
5,030 employees globally 5,100 4,900 5,030 4,700 4,869 4,898 4,500 H1 2016 Dec 2016 H1 2017 l 10
Slide 11: H1 2017 earnings summary
H1 2017 earnings summary ▪ Earnings targets met and sales targets exceeded ▪ Higher costs as a result of our growth initiative ▪ Increasing raw material prices can only be passed on with a time lag ▪ Solid free cash flow l 11
Slide 12: Updated Outlook 2017
Updated Outlook 2017 Sales outlook raised, EBIT outlook reaffirmed Performance indicator Actual 2016 Outlook 2017 +7% to +10% Sales € 2,267 mn (was +4% to +6%) EBIT € 371 mn +1% to +5% Low single-digit FUCHS Value Added € 257 mn percentage range Free cash flow before acquisitions € 205 mn ~ € 200 mn
Slide 13: Thank you for your attention
‘ Thank you for your attention
Slide 14: Disclaimer
Disclaimer This presentation contains statements about future development that are based on assumptions and estimates by the management of FUCHS PETROLUB SE. Even if the management is of the opinion that these assumptions and estimates are accurate, future actual developments and future actual resul
Slide 15: Financial Calendar & Contact
Financial Calendar & Contact Financial Calendar Contact August 1, 2017 Financial Report H1 2017 FUCHS PETROLUB SE Friesenheimer Str. 17 October 27, 2017 Quarterly Statement Q1-3 2017 68169 Mannheim March 21, 2018 Full Year Results 2017 Investor Relations May 8, 2018 Annual General Meeting 2018 Thoma