Kion Group Ag · XETR:KGX
Kion — Q3 2016 Earnings Presentation
19 slides from Kion's earnings presentation, Oct 27, 2016
Slide 1: KION GROUP AG Q3 2016 Update Call
KION GROUP AG Q3 2016 Update Call Gordon Riske (CEO), Dr Thomas Toepfer (CFO) – Wiesbaden, 27 October 2016
Slide 2: Agenda
Agenda 1. Highlights Gordon Riske 2. Market Update Gordon Riske 3. Financial Update Thomas Toepfer 4. Outlook Gordon Riske 2 KION GROUP AG Q3 2016 Update Call | 27 Oct 2016 © 2016 KION GROUP AG. All rights reserved
Slide 3: Q3 2016 Financial Highlights
Q3 2016 Financial Highlights After solid Q3, KION on track for strong full year − Order intake value rises by 6.1% to €4,050m in Q1-Q3 (Q3: €1,327m, +5.8% y-o-y); order book remains strong at €1,041m − Revenue grows by 5.2% to €3,848m in Q1-Q3 (Q3: €1,283m, +3.8% y-o-y) − Adjusted EBIT of €366m resu
Slide 4: Q3 2016 Strategic Update
Q3 2016 Strategic Update On track for closing and integration of Dematic acquisition Transaction Seamless supply chain automation Integration highlights preparations Acquisition ongoing creates unique Integration work player in started after Intralogistics 4.0 signing Attractive market
Slide 5: Agenda
Agenda 1. Highlights Gordon Riske 2. Market Update Gordon Riske 3. Financial Update Thomas Toepfer 4. Outlook Gordon Riske 5 KION GROUP AG Q3 2016 Update Call | 27 Oct 2016 © 2016 KION GROUP AG. All rights reserved
Slide 6: Market Development
Market Development Q3 uplift with strong demand across regions Order intake unit growth y-o-y (in %) North America Eastern Europe Q4/15 Q1/16 Q2/16 Q3/16 Q4/15 Q1/16 Q2/16 Q3/16 -1.8% -0.9% -1.0% 11.8% Western Europe 9.9% 8.4% 28.6% 20.9% Q4/15 Q1/16 Q2/16 Q3/16 13.0% 12.5% 11.3% 14.0% China Q4/15 Q
Slide 7: Market Development: Continued strong momentum in Western Europe
Market Development Continued strong momentum in Western Europe Markets pre- and post-crisis as at 30 Sep 2016 − Persisting upward Indexed LTM order units (LTM Jan 2007=100) trend in Germany and France 140 Germany − UK market declines in 120 UK Q3 France − Italy and Spain 100 Italy continue to recove
Slide 8: KION Development
KION Development KION accelerates and follows strong market growth in Q3 Regional development Western Europe Order intake (in ‘000 units) and growth y-o-y (in %) – Market: Strong momentum, volume growth driven by smaller WH-trucks Q1-Q3 2016 Q3 2016 – KION: Profitable growth at market levels Market
Slide 9: Agenda
Agenda 1. Highlights Gordon Riske 2. Market Update Gordon Riske 3. Financial Update Thomas Toepfer 4. Outlook Gordon Riske 9 KION GROUP AG Q3 2016 Update Call | 27 Oct 2016 © 2016 KION GROUP AG. All rights reserved
Slide 10: Q1-Q3 2016 Key Financials
Q1-Q3 2016 Key Financials Continued growth and margin improvement Order intake Revenue Adjusted EBIT1 Net income (in €m) (in €m) (in €m and margin in %) (in €m) +6.1% +5.2% 9.1% 9.5% 3,819 4,050 3,657 3,848 +10.6% 366 +14.3% 331 144 164 Q1-Q3 Q1-Q3 Q1-Q3 Q1-Q3 Q1-Q3 Q1-Q3 Q1-Q3 Q1-Q3 2015 2016 2015
Slide 11: Q3 2016 Key Financials
Q3 2016 Key Financials Continued momentum mainly driven by organic growth Order intake Revenue Adjusted EBIT1 Net income (in €m) (in €m) (in €m and margin in %) (in €m) +5.8% +3.8% 9.8% 9.9% 1,253 1,327 1,236 1,283 +4.6% 127 +36.1% 121 67 49 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 2015 2016 2015 2016 2015 2016 2015
Slide 12: Revenue
Revenue Continued growth in new business and services Q1-Q3: Revenue bridge by product categories Q3: Revenue bridge by product categories (in €m and growth y-o-y in %) (in €m and growth y-o-y in %) +5.2% +3.8% New business Services New business Services +3.8% +6.8% +3.3% +4.3% 66 3,848 14 1,283 18
Slide 13: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income Net income driven by operating performance Q1-Q3 Q1-Q3 Q3 Q3 (in €m) 2016 2015 Change 2016 2015 Change − EBITDA increase Adjusted EBITDA 654 600 9.0% 224 212 5.7% driven by operating D&A 288 269 7.0% 97 91 7.2% performance Adjusted EBIT1 366 331 10.6% 127 121 4.6% − Non
Slide 14: Free Cash Flow Statement
Free Cash Flow Statement Free cash flow impacted by acquisitions Q1-Q3 Q1-Q3 (in €m) 2016 2015 Change − Cash flow supported by good trade working EBITDA (excl. FS segment)1 558 515 8.3% capital (TWC) performance Change of TWC -149 -181 17.5% − Difference in taxes driven by higher tax Taxes paid -77
Slide 15: Net Debt
Net Debt Leverage reflects successful capital increase Net debt as at 30 Sep 2016 Net debt development (in €m and leverage as multiple of LTM adjusted EBITDA) − Group net financial debt decreased by €524m compared to 0.2x1 0.7x2 2.0x2 Jun 2016 following successful 1,051 1,635 capital increase with g
Slide 16: Agenda
Agenda 1. Highlights Gordon Riske 2. Market Update Gordon Riske 3. Financial Update Thomas Toepfer 4. Outlook Gordon Riske 16 KION GROUP AG Q3 2016 Update Call | 27 Oct 2016 © 2016 KION GROUP AG. All rights reserved
Slide 17: FY 2016 Outlook
FY 2016 Outlook KION outlook fully confirmed (in €m) Actuals FY 2015 Guidance FY 2016 Order intake 5,216 5,350 – 5,500 Revenue 5,098 5,200 – 5,350 Adj. EBIT 483 510 – 535 FCF 333 280 – 320 ROCE 11.9% Slightly above previous year Adj. EBIT margin 9.5% Increase compared to previous year Key performanc
Slide 18: Financial Calendar
Financial Calendar Date Event 27 October 2016 Interim report for the period ended 30 September 2016 (Q3 2016) and analyst call Financial statements press conference and analyst call 2 March 2017 Publication of 2016 annual report (FY 2016) 27 April 2017 Interim report for the period ended 31 March 20
Slide 19: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”) solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral presentation of the slides by representatives of the Company (or any