Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — FY2019 Earnings Presentation
17 slides from Vossloh Aktiengesellschaft's earnings presentation, Mar 19, 2020
Slide 1: Presentation of the 2019 Annual Report
PRESENTATION OF THE 2019 ANNUAL REPORT MARCH 19, 2020 Oliver Schuster, CEO Dr.-Ing. Karl Martin Runge, COO Focused. Dynamic. Green.
Slide 2: Disclaimer
DISCLAIMER NOTE This presentation contains statements concerning the future business performance of the Vossloh Group that are based on assumptions and estimates from the Company management. If the assumptions that the projections are based on fail to occur, the actual results of the projected state
Slide 3: Sales and EBIT up year-over-year, performance program extensively implemented
VOSSLOH GROUP SALES AND EBIT (2019 ADJUSTED) UP YEAR-OVER-YEAR, PERFORMANCE PROGRAM EXTENSIVELY IMPLEMENTED OPERATIONAL BUSINESS 2019 PERFORMANCE DIVIDEND PERFORMANCE PROGRAM PROPOSAL At €916.4 million, sales up significantly on previous Program to strengthen core business mainly involves Dividend p
Slide 4: Course set for the future
VOSSLOH GROUP COURSE SET FOR THE FUTURE STRENGTHENING THE PERSONNEL DISPOSAL OF CORE BUSINESS CHANGES TRANSPORTATION Further order won in May to supply rail fastening Former CFO Oliver Schuster appointed CEO with Contract to sell Vossloh Locomotives to CRRC ZELC systems for construction of a high-sp
Slide 5: Sales and EBIT (2019 adjusted) up on previous year
VOSSLOH GROUP SALES AND EBIT (2019 ADJUSTED) UP ON PREVIOUS YEAR, KEY FIGURES FOR 2019 HEAVILY INFLUENCED BY PERFORMANCE PROGRAM KEY GROUP INDICATORS 2018 2019 NOTES Sales revenues € mill. 865.0 916.4 Increase in sales revenues mainly due to higher sales in the Core Components division; main drivers
Slide 6: Equity ratio above 30 percent despite burdens from performance program
VOSSLOH GROUP EQUITY RATIO ABOVE 30 PERCENT DESPITE BURDENS FROM PERFORMANCE PROGRAM AND DISCONTINUED OPERATIONS 12/31/2018 12/31/2019 KEY GROUP INDICATORS 2018 2019 NOTES Equity € mill. 523.3 403.6 Equity particularly down due to negative net income and dividend payments; Equity ratio % 41.3 30.3 p
Slide 7: Order situation remains positive, order backlog adjusted for CTM increased
VOSSLOH GROUP ORDER SITUATION REMAINS POSITIVE, ORDER BACKLOG ADJUSTED FOR CTM INCREASED ORDERS RECEIVED (in € mill.) ORDER BACKLOG (in € mill.) NOTES Orders received slightly below the high level of the previous year, Customized 979.2 Modules in particular noticeably down on the previous year, part
Slide 8: Core Components Division
CORE COMPONENTS DIVISION SALES AND EBIT (2019 ADJUSTED) SIGNIFICANTLY HIGHER THAN LAST YEAR SALES (in € mill.) EBIT (2019 adjusted) (in € mill.) EBIT MARGIN (2019 adjusted) (in € mill.) 351.7 292.6 39.3 11.8 11.2 34.5 2018 2019 2018 2019 2018 2019 Sales up 20.1 percent, significant increase at Vossl
Slide 9: Fastening Systems Business Unit
FASTENING SYSTEMS BUSINESS UNIT SALES NOTICEABLY ABOVE PREVIOUS YEAR, VALUE ADDED SLIGHTLY HIGHER DESPITE ONE-TIME EFFECTS SALES (in € mill.) VALUE ADDED (in € mill.) 234.2 216.9 21.6 21.4 2018 2019 2018 2019 Sales up 8.0 percent on previous year; lower sales in Thailand and Poland in particular (in
Slide 10: Tie Technologies Business Unit
TIE TECHNOLOGIES BUSINESS UNIT SALES WELL ABOVE THE PREVIOUS YEAR, BOOK-TO-BILL AT 1.34 SALES (in € mill.) VALUE ADDED (in € mill.) 125.7 78.1 (3.8) (7.8) 2018 2019 2018 2019 Substantial increase in sales mainly due to the acquisition of Austrak (+€37.3 million) (in € mill.) 2019 168.1 and higher sa
Slide 11: Customized Modules Division
CUSTOMIZED MODULES DIVISION SALES AND PROFITABILITY SLIGHTLY BELOW PREVIOUS YEAR SALES (in € mill.) EBIT (2019 adjusted) (in € mill.) EBIT MARGIN (2019 adjusted) (in € mill.) 482.6 473.2 26.1 5.4 23.7 5.0 2018 2019 2018 2019 2018 2019 Sales also down year-on-year due to the sale of CTM during the ye
Slide 12: Lifecycle Solutions Division
LIFECYCLE SOLUTIONS DIVISION SALES CLEARLY UP YEAR-ON-YEAR, EARNINGS AND PROFITABILITY IN THE PREVIOUS YEAR POSITIVELY IMPACTED BY ONE-TIME EFFECT SALES (in € mill.) EBIT (2019 adjusted) (in € mill.) EBIT MARGIN (2019 adjusted) (in € mill.) 106.0 100.0 12.9 12.9 6.2 5.9 2018 2019 2018 2019 2018 2019
Slide 13: Sales increases especially in Australia, North America and China
VOSSLOH GROUP SALES INCREASES ESPECIALLY IN AUSTRALIA, NORTH AMERICA AND CHINA (in € mill.) (in € mill.) (in € mill.) (in € mill.) THE AMERICAS EUROPE AFRICA & AUSTRALIA ASIA INCL. MIDDLE EAST 531 504 87 71 77 74 187 159 112 105 132 150 61 44 75 26 26 255 254 43 115 126 60 106 124 24 19 15 2018 2019
Slide 14: COVID-19 – Impacts on the Vossloh Group
VOSSLOH GROUP COVID-19 – IMPACTS ON THE VOSSLOH GROUP CURRENT FINANCIAL SITUATION IMPACTS Early establishment of an international and cross-divisional pandemic In Q1/2020, the COVID-19 pandemic is not expected to have any significant management team, daily observation of global developments, identif
Slide 15: Outlook: noticeable increase in profitability expected in 2020
VOSSLOH GROUP OUTLOOK1 NOTICEABLE INCREASE IN PROFITABILITY EXPECTED IN 2020 Value added Sales 2019: €(105.4) million 2020 forecast: €0 to €15 million 2019: €916.4 million 2020 forecast: €900 million to €1 billion / In 2020, a return to positive value added levels is expected as a / Sales generally
Slide 16: Financial calendar and contact information
FINANCIAL CALENDAR AND CONTACT INFORMATION HOW YOU CAN REACH US Financial calendar 2020 Contact information for investors: / April 30, 2020 Quarterly statement as of March 31, 2020 Dr. Daniel Gavranovic / May 27, 20201 Annual General Meeting, Düsseldorf, Germany Email: investor.relations@vossloh.com
Slide 17: Q&A – Thank you for your time
Focused. Dynamic. Green. Q&A THANK YOU FOR YOUR TIME.
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