Techtronic Industries Co., Ltd. · HKEX:669

Techtronic Industries — H1 2016 Earnings Presentation

38 slides from Techtronic Industries's earnings presentation, Aug 18, 2016

  1. Slide 1: 2016 1H Interim Results Presentation

    2016 1H Interim Results Presentation August 18, 2016

  2. Slide 2: Frank Chan

    Frank Chan

  3. Slide 3: 1H 2016 Results

    1H 2016 Results

  4. Slide 4: 2016 1st Half Results

    2016 1st Half Results (US$ m) 1H 2015 1H 2016 Change Excl. F/X Sales $2,474 $2,686 +8.6% +9.7% Gross Profit $881 $969 +9.9% Gross Margin % 35.6% 36.1% +50 bps EBIT $181 $201 +11.3% % of sales 7.3% 7.5% Net Profit $159 $177 +11.6% % of sales 6.4% 6.6% EPS (cents) 8.67₵ 9.69₵ +11.7% Interim Dividend (

  5. Slide 5: 2016 1st Half Segment Results

    2016 1st Half Segment Results (US$ m) 1H 2015 1H 2016 Change Excl. F/X Segment Sales $1,958 $2,204 +12.6% + 13.6% Power Segment % 79.1% 82.1% Equip. Op Profit $160 $185 +15.4% % of sales 8.2% 8.4% Sales $516 $481 -6.7% -5.3% Floorcare & Segment % 20.9% 17.9% Appliance Op Profit $21 $16 -20.8% % of s

  6. Slide 6: 2016 1st Half Region Sales

    2016 1st Half Region Sales (US$ m) 1H 2015 1H 2016 Change Excl. F/X Region North $1,844 $2,023 +9.7% +10.1% America Region % 74.5% 75.3% EMEA $441 $465 +5.5% +7.3% Region % 17.8% 17.3% ROW $188 $197 +4.8% +11.4% (Rest of World) Region % 7.6% 7.3%

  7. Slide 7: 2016 1st Half Income Statement

    2016 1st Half Income Statement (US$ m) 1H 2015 1H 2016 Change Sales $2,474 $2,686 +8.6% Gross Margin $881 $969 +9.9% % of sales 35.6% 36.1% Selling, Distribution, & Advertising $359 $400 +11.3% Administrative Expenses $278 $299 +7.6% Research & Development $66 $71 +8.4% Total SG&A Expenses $703 $770

  8. Slide 8: 2016 1st Half Financial Position

    2016 1st Half Financial Position (US$ m) 1H 2015 1H 2016 Change Non-current Assets $1,711 $1,864 +9.0% Current Assets $2,942 $3,214 +9.3% Current Liabilities $2,092 $2,236 +6.9% Net Current Assets $850 $978 +15.2% Long-term Liabilities $511 $610 +19.3% Equity $2,049 $2,233 +9.0% Interest Coverage (x

  9. Slide 9: 2016 1st Half Gearing Trend

    2016 1st Half Gearing Trend 1H 2012 1H 2013 1H 2014 1H 2015 1H 2016 Gearing 37.4% 26.2% 22.8% 17.7% 16.0%

  10. Slide 10: 2016 1st Half Key Financial Figures

    2016 1st Half Key Financial Figures (US$ m) 1H 2015 1H 2016 Change Inventory $1,131 $1,341 Days 83 93 +10 days Receivables $863 $948 Days 63 66 +3 days Payables $1,145 $1,274 Days 84 89 +5 days Net Working Capital $849 $1,015 % of Sales 17.1% 19.3% Cash Balance $725 $744 +2.6% CAPEX $67 $81 +22.2%

  11. Slide 11: 2016 1st Half Debt Profile

    2016 1st Half Debt Profile (US$ m) 1H 2015 1H 2016 Change Cash Balance $725 $744 +2.6% Debt with Fixed Maturities $552 $553 +0.3% Working Capital Financing $537 $547 +1.9% Total Debt $1,089 $1,100 +1.1% Total Net Debt $364 $357 -2.0% Floating Rate 100% $1,089 100% $1,100 +1.1% Fixed Rate 0% $0 0% $0

  12. Slide 12: Joe Galli

    Joe Galli

  13. Slide 13: 2016 1st Half Sales Growth

    2016 1st Half Sales Growth (US $m) 1H 2015 1H 2016 Sales $2,474 $2,686 % chg +8.6% % chg Local Curr +9.7%

  14. Slide 14: 2016 Sales

    2016 Sales Floorcare & Appliance Power 18% Equipment 82% +13.6% -5.3% Local Curr Local Curr

  15. Slide 15: 2016 1st Half Results

    2016 1st Half Results (US$ m) 1H 2015 1H 2016 Change Local Curr Sales $2,474 $2,686 +8.6% +9.7% Gross Margin % 35.6% 36.1% +50 bps EBIT $181 $201 +11.3% % of sales 7.3% 7.5% Net Profit $159 $177 +11.6% % of sales 6.4% 6.6% EPS (cents) 8.67₵ 9.69₵ +11.7%

  16. Slide 16: 1H Gross Margin Trend

    1H Gross Margin Trend 2012 2013 2014 2015 2016 +36.1% +35.6% +35.0% +34.0% +33.5%

  17. Slide 17: 2016 1st Half Working Capital

    2016 1st Half Working Capital (US$ m) 1H 2015 1H 2016 Change Inventory $1,131 $1,341 Days 83 93 +10 days Receivables $863 $948 Days 63 66 +3 days Payables $1,145 $1,274 Days 84 89 +5 days Net Working Capital $849 $1,015 WC % of Sales 17.1% 19.3%

  18. Slide 18: Productivity Progress

    Productivity Progress Change +9.7% Sales Local Curr Headcount +1.5%

  19. Slide 19: 1st Half Sales

    1 Half Sales st +20.2% Local Curr

  20. Slide 20: 1st Half 2016 Sales

    1st Half 2016 Sales REGION Local Curr NA + 19.9% EMEA + 22.0% ROW + 20.3%

  21. Slide 21: Power Equipment

    Power Equipment 1st Half 2016 Sales +13.6% Local Curr

  22. Slide 22: Confidential Document Property of Milwaukee Electric Tool Corporation Brookfield, Wisconsin 53005

    Confidential Document Property of Milwaukee Electric Tool Corporation Brookfield, Wisconsin 53005

  23. Slide 23: tis

    tis M18} HIGH DEMAND 9.0 BATTERY PACK

  24. Slide 24: Slide 24

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  26. Slide 26: 12

    12

  27. Slide 27: High Output Lighting

    HIGH OUTPUT LIGHTING

  28. Slide 28: Hand Tools

    this HAND TOOLS

  29. Slide 29: Locking Pliers

    mis LOCKING PLIERS

  30. Slide 30: Built on Trust

    BUILT ON TRUST

  31. Slide 31: Mus

    Mus REDSICK" LEVELS

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  33. Slide 33: RECK Vax pat

    RECK Vax pat @- ~

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  37. Slide 37: Commercial

    COMMERCIAL

  38. Slide 38: Slide 38

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