Tecnotree Oyj · OMXHEX:TEM1V
Tecnotree Oyj — Q1 2011 Earnings Presentation
22 slides from Tecnotree Oyj's earnings presentation, Apr 29, 2011
Slide 1: Tecnotree Corporation Interim Report 1-3/2011
Tecnotree Corporation Interim Report 1-3/2011 29 April, 2011
Slide 2: Tecnotree Group in Brief
Tecnotree Group in Brief Q1 Highlights (comparisons to Q1/2010) • Low net sales in quarter but encouraging order book – Net sales were 10.6 M€ (14.1) – Adjusted operating result was -4.9 M€ (-0.6) – Order book at the end of period was 22.1 M€ (21.9) and 5.8 M€ worth orders have been disclosed after
Slide 3: Financial Highlights
Financial Highlights M€ 1-3/2011 1-3/2010 Net sales 10.6 14.1 Ebit before R&D capitalisation & Adjusted operating result amortisation and one-time costs -4.9 -0.6 Ebit -8.3 -1.9 Net result -8.1 -2.8 Order intake 18.4 24.3 Order book 22.1 21.9 Cash flow after investments -6.7 0.6 Net cash flow -3.7 0
Slide 4: Net Sales by Area
Net Sales by Area Americas 16%(32%), Europe 19%(15%), MEA 62%(41%), APAC 4% (12%) M€ Total change -25% 7,0 +11% 6,0 5,0 4,0 3,0 -62% 2,0 1,0 -78% 0,0 Americas Europe MEA APAC 1-3/2010 4,5 2,0 5,9 1,8 1-3/2011 1,7 2,0 6,5 0,4 4 29.4.2011 Interim report 1-3/2011
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 31.3.2011 31.3.2010 Change % Shareholders’ equity 61.2 79.0 -22.5 Interest-bearing liabilities 14.5 16.7 -13.1 Deferred tax liabilites 2.8 3.9 -27.8 Other non-current liabilities 0.4 0.3 33.3 Current liabilities Interest-bearing liabilities 8.2 2.3 265.8 Non-in
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 31.3.2011 31.3.2010 Change % Non-current assets Fixed assets 22.3 29.9 -25.4 Consolidated goodwill 20.6 21.4 -3,8 Other non-current assets 3.2 2.7 18.5 Current assets Inventories 1.1 1.2 -9.6 Trade receivables 19.4 17.1 14.5 Other receivables 19.7 19.9 -1.0 Inv
Slide 7: Prospects for 2011
Prospects for 2011 The company is currently carrying out its strategy based on an expanded product range. Tecnotree is turning into an advanced supplier of telecommunications system solutions, operating in a broad sector. The company is anticipating new growth based on the new range of products and
Slide 8: Additional Financial Information for Investors
Additional Financial Information for Investors
Slide 9: Consolidated Income Statement
Consolidated Income Statement EUR Million 1-3/2011 1-3/2010 Change % Net sales 10.6 14.1 -25.1 Other operating income 0.0 0.0 Materials and services -1.7 -2.1 -17.8 Employee benefit expenses -8.4 -7.1 19.8 Depreciation -2.6 -2.1 20.7 Other operating expenses -6.1 -4.8 26.8 Operating result -8.3 -1.9
Slide 10: Adjusted Income Statement
Adjusted Income Statement EUR Million 1-3/2011 1-3/2010 Difference Net sales 10.6 14.1 -3.5 Other operating income 0.0 0.0 0.0 Total revenue 10.6 14.1 -3.5 Adjusted operating expenses *) -15.4 -14.7 -0.7 Adjusted operating result -4.9 -0.6 -4,3 - Net impact of R&D capitalizations -1.8 -1.3 -0.5 - On
Slide 11: Sales and Adjusted Operating Result
Sales and Adjusted Operating Result 4 per. Mov. Avg. (Adj. operating result %) M€ 25 20 % 20 10 % 15 0% 10 -10 % 5 -20 % 0 -30 % -5 -40 % -10 -50 % Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Sales 11,5 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 Adj. operating result -2,1 -2,7 -2,1 -2,0 -0,6
Slide 12: Sales by Area: Americas
Sales by Area Americas M€ 25 70 % 60 % 20 50 % 15 40 % 10 30 % 20 % 5 10 % 0 0% Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Tecnotree 11,5 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 Sales Americas 7,0 6,9 3,4 5,8 4,5 10,7 4,2 5,8 1,7 % 61 % 46 % 26 % 43 % 32 % 55 % 32 % 41 % 16 % 4 per. Mov.
Slide 13: Sales by Area: Europe
Sales by Area Europe M€ 25 25 % 20 20 % 15 15 % 10 10 % 5 5% 0 0% -5 -5 % Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Tecnotree 11,5 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 Sales Europe 1,6 2,0 1,9 -0,3 2,0 1,9 1,0 1,8 2,0 % 14 % 13 % 14 % -2 % 14 % 10 % 8% 13 % 19 % 4 per. Mov. Avg. (%) 1
Slide 14: Sales by Area: MEA
Sales by Area MEA M€ 25 70 % 60 % 20 50 % 15 40 % 10 30 % 20 % 5 10 % 0 0% Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Tecnotree 11,5 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 Sales MEA 2,1 5,4 7,4 6,3 5,9 5,7 6,3 5,9 6,5 % 18 % 36 % 56 % 47 % 42 % 30 % 47 % 42 % 61 % 4 per. Mov. Avg. (%) 14
Slide 15: Sales by Area: APAC
Sales by Area APAC M€ 25 14 % 12 % 20 10 % 15 8% 10 6% 4% 5 2% 0 0% Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Tecnotree 11,5 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 Sales APAC 0,8 0,7 0,5 1,7 1,8 1,1 1,7 0,5 0,4 % 7% 5% 4% 13 % 13 % 6% 13 % 4% 4% 4 per. Mov. Avg. (%) 15 29.4.2011 Interim
Slide 16: Sales Distribution
Sales Distribution M€ 25 20 15 10 5 0 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Tecnotree sales 11,5 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 Services 3,9 6,3 6,8 6,7 6,7 6,9 5,8 6,8 5,9 New customers 1,0 0,8 1,2 0,0 0,5 4,2 0,0 0,0 0,0 Existing customers 6,6 7,9 5,2 6,8 6,9 8,2 7,5 7,2 4
Slide 17: Materials and Services
Materials and Services M€ 25 25 % 20 20 % 15 15 % 10 10 % 5 5% 0 0% Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Sales 11,5 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 Materials and Services 2,0 3,4 2,3 3,0 2,1 3,8 1,9 2,4 1,7 % 17 % 23 % 17 % 22 % 15 % 20 % 14 % 17 % 16 % 4 per. Mov. Avg. (%)
Slide 18: Employee Benefits
Employee Benefits M€ 25 90 % 80 % 20 70 % 60 % 15 50 % 40 % 10 30 % 5 20 % 10 % 0 0% Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Sales 11,5 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 Employee 5,6 6,2 7,3 10,1 7,1 7,4 6,8 7,8 8,4 benefits % 49 % 41 % 55 % 75 % 50 % 39 % 51 % 56 % 80 % 4 per. M
Slide 19: Other Operating Expenses
Other Operating Expenses M€ 25 70 % 60 % 20 50 % 15 40 % 10 30 % 20 % 5 10 % 0 0% Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Sales 11,5 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 Other Opex 4,2 5,2 5,1 7,2 4,8 5,3 4,5 6,2 6,1 % 37 % 35 % 39 % 53 % 34 % 27 % 34 % 44 % 58 % 4 per. Mov. Avg. (%
Slide 20: Assets by Quarter
Assets by Quarter M€ 140 120 100 80 60 40 20 0 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Cash 51,5 32,8 30,5 25,7 27,2 22,0 14,1 16,7 12,8 Investments 1,6 0,8 1,6 0,9 0,9 1,4 0,6 1,5 Other rec. (mainly WIP) 24,4 22,2 18,2 17,2 19,9 24,2 23,2 24,2 19,7 Trade receivables 12,1 18,1 18,0 19,
Slide 21: Equity and Liabilities by Quarter
Equity and Liabilities by Quarter M€ 140 120 100 80 60 40 20 0 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Current non-interest bearing 11,0 15,1 12,8 18,1 18,0 19,3 13,2 14,2 13,4 Current interest bearing 20,0 2,3 2,2 2,3 2,3 2,3 2,2 5,2 8,2 Deferred tax 4,6 6,3 6,4 4,0 3,9 3,8 3,5 3,3 2,
Slide 22: Q&A
Q&A 22 2.5.2011 Intenrim report 1-3/2011, Personnel Presentation