Fuchs Se · XETR:FPE
Fuchs — Fuchs Petrolub — H1 2015 Earnings Presentation
16 slides from Fuchs's earnings presentation, Aug 4, 2015
Slide 1: FUCHS PETROLUB Q2/2015 Conference Call
FUCHS PETROLUB / Q2/2015 Conference Call Dr. Alexander Selent, Vice Chairman & CFO Dagmar Steinert, Head of Investor Relations Mannheim, 4 August 2015
Slide 2: First time group sales of €1 billion in first six months of 2015
For the first time FUCHS generates group sales of €1 billion in the first six months of 2015 Sales revenues up 10% to €1 billion (currency adjusted: +2%) Earnings (EBIT) increase by 13% to €172 million Positive outlook for the financial year reaffirmed Second larger acquisition – expansion to Scandi
Slide 3: Q2/2015: sales revenues increase by 11.4%
Q2/2105: sales revenues increase by 11.4% € mn +€52.5 mn (11.4%) 500 7.0 36.4 9.1 currency 450 external effects Organic growth 2.0% or €9.1 mn growth organic growth External growth 1.5% or €7.0 mn 400 Currency effects 7.9% or €36.4 mn 350 515.0 462.5 300 250 250 2000 sales sales Q2/2014 Q2/2015 3 FU
Slide 4: Q2/2015: good organic growth in Europe and Asia
Q2/2015: good organic growth in Europe and Asia Regional sales growth Asia-Pacific/ North and Group* 2nd quarter 2015 Africa South america € mn 29.0 9.9 52.5 55 45 9.1 Organic growth 35 Currency effects 4.6 External growth 25 36.4 15 20.6 11.7 5 14.2 1.5 7.0 3.2 3.8 0.0 -5 -4.3 Total growth +5.9% +2
Slide 5: H1/2015: sales revenues increase by 9.6%
H1/2015: sales revenues increase by 9.6% € mn +€88.3 mn (9.6%) 1050 67.8 1000 950 6.1 14.4 currency Organic growth 0.7% or €6.1 mn 900 external effects organic growth External growth 1.6% or €14.4 mn 850 growth Currency effects 7.3% or €67.8 mn 800 750 1,007.6 700 919.3 650 600 600 650 550 5000 sale
Slide 6: H1/2015: good organic growth in Asia
H1/2015: good organic growth in Asia Regional sales growth Asia-Pacific/ North and Group* 1st half 2015 Africa South America € mn 56.1 22.8 88.3 90 6.1 80 Organic growth 70 Currency effects 60 8.4 External growth 50 67.8 40 30 39.7 20 3.6 28.1 10 0.2 0 6.4 8.0 0.0 14.4 -10 -5.3 Total growth +1.8% +2
Slide 7: H1/2015: EBIT increased disproportionately by 13.4%
H1/2015: EBIT increased disproportionately by 13.4% Euro mn H1/2015 H1/2014 variance Sales revenues 1,007.6 919.3 88.3 9.6% Gross profit 387.9 343.0 44.9 13.1% Gross profit margin 38.5% 37.3% Sales, admin. R&D and other net expenses 223.4 198.0 25.4 12.8% Expenses as a percentage of sales 22.2% 21.5
Slide 8: H1/2015: segment earnings increased in all regions
H1/2015: segment earnings increased in all regions EBIT € mn +18.3% +13.4% 1st half 2015 32.9 -3.1 150 +28.5% (27.8) (-2.8) 171.6 59.1 (151.2) (46.0) 100 +3.1% 50 82.7 (80.2) 0 Europe Asia Pacific, North and South Holding Group Africa America costs/cons. EBIT margin before income from at equity 14.4
Slide 9: Free cash flow increased by 67.5%
Free cash flow increased by 67.5% € mn H1/2015 H1/2014 Gross cash flow 134.5 116.5 Changes in net operating working capital -28.7 -45.0 Other changes -14.6 -2.1 Operating cash flow 91.2 69.4 Capex -16.0 -25.1 Other changes 0.0 0.6 Free cash flow 75.2 44.9 9 FUCHS PETROLUB SE
Slide 10: Investments according to plan
Investments according to plan € mn 16.0 15.1 Key investments Primarily for the enlargement of the test field in Mannheim and construction of the grease plant in the US. H1/2015 H1/2014 10 FUCHS PETROLUB SE
Slide 11: Acquisitions - Pentosin
Acquisitions - Pentosin Acquisition of Deutsche Pentosin-Werke GmbH on 1 July 2015 Founded in 1927 and based in Wedel near Hamburg 2 plants in Germany: Wedel and Dormagen Subsidiary in Sao Paulo, Brazil Sales revenues in 2014: approximately €135 million 190 employees Leading manufacturer of quality
Slide 12: Acquisitions – Statoil Fuel & Retail Lubricants AB
Acquisitions – Statoil Fuel & Retail Lubricants AB Acquisition of Statoil Fuel & Retail Lubricants AB, Sweden, from Couche-Tard Signing of contract on 1 August 2015; approval of the antitrust authorities still pending Based in Stockholm Plant in Nynäshamn, Sweden Operating in Scandinavia, Poland, Ru
Slide 13: Number of employees increased
Number of employees increased 4,158 4,112 The number of employees has grown by 46 people since the 3,992 beginning of the year. 30 June 2015 31 Dec 2014 30 June 2014 13 FUCHS PETROLUB SE
Slide 14: Outlook 2015 for the FUCHS Group
Outlook 2015 for the FUCHS Group FUCHS intends to further increase sales volumes and sales revenues in 2015 We reaffirm our expectations of achieving a higher single-digit percentage increase in EBIT We plan investments to exceed the previous year’s value and reach up to the investments of 2012 and
Slide 15: Thank you for your attention
Thank you for your attention 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 develop
Slide 16: FUCHS PETROLUB SE Investor Relations
FUCHS PETROLUB SE Investor Relations Friesenheimer Str. 17 68169 Mannheim Telefon 0621 3802 1105, Fax 0621 3802 7274 contact@fuchs-oil.de, www.fuchs-oil.de 16