Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — H1 2018 Earnings Presentation
12 slides from Rational Aktiengesellschaft's earnings presentation, Aug 9, 2018
Slide 1: 1st Half Year 2018
1st Half Year 2018 Telephone Conference, 9 August 2018
Slide 2: Recommendation rate and employee satisfaction on a very high level
Recommendation rate and employee satisfaction on a very high level Recently confirmed by Kantar TNS surveys 96% 89% of our customers recommend others to buy a RATIONAL product of all employees are proud to work for RATIONAL 2
Slide 3: HY1 results at a glance
HY1 results at a glance +11% Group-wide sales revenue growth Gross EBIT margin 60% 25% margin Equity New employees 73% ratio hired 206 Positive development for both segments Outlook raised 3
Slide 4: F/X Rate development
F/X Rate development HY1 2018 compared to HY1 2017 USD CAD JPN BRL GBP -2% -7% -7% -10% -20% +15% +5% F/X Rate development in % 4
Slide 5: Results adjusted for currency effects
Results adjusted for currency effects +14% Organic sales revenue growth Gross EBIT margin 61% 26% margin 5
Slide 6: Organic growth
Organic growth HY1 2018: Sales revenue growth higher than expected 702 613 564 497 435 461 367 331 +15% +11% +6% +8% +14% +9% +15% +17% +11% 2012 2013 2014 2015 2016 2017 HY1 2017 HY1 2018 Sales revenue in m EUR Sales revenue growth in % 6
Slide 7: Worldwide success
Worldwide success HY1 2018: Main growth market North America Germany (+ 12%) North America 12% (+ 17%) 18% 47% Europe (+ 11%) 13% Asia (+ 12%) (excluding Germany) Latin America 5% (- 2%) Rest of the world 5% (+ 7%) 7
Slide 8: Good performance in both product segments
Good performance in both product segments VarioCookingCenter® with exceptional growth Sales revenues combi-steamers Sales revenues VarioCookingCenter® +10% 339 307 +15% 25 28 HY1 2017 HY1 2018 HY1 2017 HY1 2018 Sales revenues in m EUR Sales revenue growth in % 8
Slide 9: High EBIT and EBIT margin level
High EBIT and EBIT margin level HY 2018: EBIT margin on previous year‘s level 29 % 28 % 28 % 28 % 27 % 27 % 25 % 25 % +20% +13% +13% +10% +4% +14% +8% +5% 123 128 145 160 167 188 84 91 m Euro 2012 2013 2014 2015 2016 2017 HY1 2017 HY1 2018 Change in % EBIT margin in % 9
Slide 10: Targeted investments for growth and efficiency
Targeted investments for growth and efficiency Investment in employees, infrastructure and products 50 43 25 17 19 15 12 10 12 7 8 9 2013 2014 2015 2016 2017 2018e Capital investments Depreciation / amortisation 10 in m Euro
Slide 11: FY 2018 outlook raised; midterm outlook unchanged
Sales revenue outlook raised to 10 – 12% for FY 2018 FY 2018 Sales revenue 10 – 12% growth EBIT margin 26 – 27% Midterm outlook unchanged Sales revenue High single-digit growth EBIT margin 26 – 28% 11
Slide 12: RATIONAL
RATIONAL