Slide 1: Tecnotree Corporation Interim Review Q1/2013
Tecnotree Corporation Interim Review Q1/2013 29th April, 2013
Slide 2: Tecnotree Group in Brief
Tecnotree Group in Brief Highlights for Q1/2013 (comparisons to Q1/2012) Net sales for Q1/2013 were 13.9 M€ (10.0 M€) Q1 typically has the lowest net sales of the quarters, due to the customer behaviour No revenue recognised for the two big projects Order backlog of 55.3 M€ (36.2 M€) Order
Slide 3: Financial Highlights
Financial Highlights M€ 1‒3/2013 1‒3/2012 Net sales 13.9 10.0 Adjusted operating result -4.0 -5.8 EBIT BEFORE R&D CAPITALISATION & AMORTISATION AND ONE-TIME COSTS Ebit -4.6 -7.2 Net result -5.5 -8.8 Order intake 15.1 5.8 Cash flow after investments 1.6 0.3 Net Cash Flow -1.0 -0.7 Cash 10.5 6.0 Equit
Slide 4: Net Sales by Area
Net Sales by Area 9 + 103% 8 7 6 - 8% + 24% 5 M€ 4 3 2 - 21% - 45% 1 0 Americas Europe MEA APAC Act 1-3/2012 3,7 1,4 3,8 1,1 Act 1-3/2013 4,6 1,1 7,7 0,5 Americas +24% Europe -21% MEA +103% APAC -45% 4 29th April 2013 Interim Review Q1/ 2013
Slide 5: Sales and Orders
Sales and Orders 70 60 50 40 M€ 30 20 10 0 Q1/11 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Tecnotree sales 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 OBL 22,1 21,5 21,0 40,4 36,2 58,8 59,2 54,2 55,3 Order intake 18,4 17,9 16,7 35,5 5,8 43,9 20,1 17,4 15,1 5 29th April 2013 In
Slide 6: Adjusted Income Statement
Adjusted Income Statement EUR Million 1-3/2013 1-3/2012 Change % Net sales 13.9 10.0 39.3 Other operating income 0.0 0.0 Total revenue 14.0 10.0 39.4 Adjusted operating expenses*) -18.0 -15.8 13.7 Adjusted operating result -4.0 -5.8 - Net impact of R&D capitalizations -0.6 -1.4 -60.3 - One-time cost
Slide 7: Consolidated Income Statement
Interim Review Q1/ 2013 Consolidated Income Statement EUR Million 1-3/2013 1-3/2012 Change % Net sales 13.9 10.0 39.3 Other operating income 0.0 0.0 Materials and services -3.7 -1.9 91.4 Employee benefit expenses -8.8 -7.8 13.0 Depreciation -1.0 -2.0 -47.0 Other operating expenses -5.1 -5.6 -9.6 Ope
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 31.3.2013 31.3.2012 Change % NON-CURRENT ASSETS Fixed Assets 6.9 14.1 -51.4 Consolidated goodwill 18.0 19.4 -6.8 Other non-current assets 4.2 1.8 125.3 CURRENT ASSETS Inventories 0.9 0.6 54.6 Trade Receivables 18.1 18.1 0.3 Other Receivables 16.6 26.3 -37.0 Inv
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 31.3.2013 31.3.2012 Change % SHAREHOLDER’S EQUITY 31.4 41.3 -24.0 NON-CURRENT LIABILITIES Interest-bearing liabilities 0.0 12.2 Deferred tax liabilities 2.2 3.3 -31.4 Other non-current liabilities 0.5 0.4 30.3 CURRENT LIABILITIES Interest-bearing liabilities 25
Slide 10: Prospects for 2013
Prospects for 2013 The company had an order backlog of 54.2 M€ at the end of 2012, giving a good start for 2013 The company expects its net sales and operating result to improve from the previous year Variations in the quarterly figures will be considerable 10 29th April 2013 Interim Review Q1
Slide 11: Additional Financial Information for Investors
ADDITIONAL FINANCIAL INFORMATION FOR INVESTORS 11 29th April 2013 Interim Review Q1/ 2013
Slide 12: Sales and Adjusted Operating Result
Sales and Adjusted Operating Result 4 per. Mov. Avg. (Adj. operating result %) M€ 25 30% 20% 20 10% 15 0% 10 -10% -20% 5 -30% 0 -40% -50% -5 -60% -10 -70% Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Sales 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 Adj. operating result -4,9 3,3 1,9 -2,0
Slide 13: Sales by Area: Americas
Sales by Area Americas 25 70% M€ 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Tecnotree Sales 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 Americas 1,7 8,5 8,6 4,5 3,7 11,7 10,1 13,0 4,6 % 16% 46% 50% 28% 37% 55% 51% 58% 33% 4 per. Mov. Avg. (%) 13 29
Slide 14: Sales by Area: Europe
Sales by Area Europe M€ 25 20% 18% 20 16% 14% 15 12% 10% 10 8% 6% 5 4% 2% 0 0% Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Tecnotree Sales 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 Europe 2,0 1,4 1,7 2,8 1,4 2,5 1,0 1,8 1,1 % 19% 8% 10% 17% 14% 12% 5% 8% 8% 4 per. Mov. Avg. (%) 14 29th
Slide 15: Sales by Area: MEA
Sales by Area MEA M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Tecnotree Sales 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 MEA 6,5 7,0 5,8 7,7 3,8 6,4 8,0 6,6 7,7 % 61% 38% 34% 48% 38% 30% 41% 29% 55% 4 per. Mov. Avg. (%) 15 29th April 2013
Slide 16: Sales by Area: APAC
Sales by Area APAC M€ 25 12% 20 10% 8% 15 6% 10 4% 5 2% 0 0% Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Tecnotree Sales 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 APAC 0,4 1,5 1,1 1,0 1,1 0,6 0,7 1,0 0,5 % 4% 8% 6% 6% 11% 3% 4% 4% 4% 4 per. Mov. Avg. (%) 16 29th April 2013 Interim Revie
Slide 17: Sales Distribution
Sales Distribution M€ 25 20 15 10 5 0 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Tecnotree sales 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 Services 5,9 7,1 6,4 7,7 4,0 7,4 5,1 9,6 6,5 Other sales 4,7 11,4 10,8 8,4 6,0 13,9 14,6 12,8 7,4 17 29th April 2013 Interim Review Q1/ 2013
Slide 18: Materials and Services
Materials and Services M€ 25 30% 25% 20 20% 15 15% 10 10% 5 5% 0 0% Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Sales 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 Materials and Services 1,7 3,1 3,9 2,1 1,9 4,0 4,5 4,0 3,7 % 16% 17% 23% 13% 19% 19% 23% 18% 27% 4 per. Mov. Avg. (%) 18 29th A
Slide 19: Employee Benefits
Employee Benefits 25 90% M€ 80% 20 70% 60% 15 50% 40% 10 30% 5 20% 10% 0 0% Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Sales 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 Employee 8,4 8,2 6,6 7,3 7,8 7,8 8,9 11,0 8,8 benefits % 80% 44% 38% 45% 78% 37% 45% 49% 63% 4 per. Mov. Avg. (%) 19 29
Slide 20: Other Operating Expenses
Other Operating Expenses M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Sales 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 13,9 Other Opex 6,1 4,1 4,5 8,1 5,6 7,0 6,8 7,8 5,1 % 58% 22% 26% 51% 56% 33% 34% 35% 37% 4 per. Mov. Avg. (%) 20 29th April
Slide 21: Assets by Quarter
Assets by Quarter M€ 120 100 80 60 40 20 0 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Cash 12,8 10,4 7,8 6,7 6,0 11,0 3,7 11,3 10,5 Investments 1,5 0,9 0,9 0,0 0,0 0,0 0,0 0,6 0,6 Other rec. (mainly WIP) 19,7 26,7 31,8 29,3 26,3 27,7 34,2 19,0 16,6 Trade receivables 19,4 22,4 22,5 23,7 18
Slide 22: Equity and Liabilities by Quarter
Equity and Liabilities by Quarter M€ 120 100 80 60 40 20 0 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Current non-interest bearing 13,4 16,9 18,5 17,6 14,3 16,3 21,7 15,6 15,9 Current interest bearing 8,2 12,2 12,2 15,8 14,8 14,8 14,9 28,3 25,7 Deferred tax 2,8 2,7 2,4 4,4 3,3 3,3 3,1 2,8
Slide 23: 29th April 2013 Interim Review Q1/ 2013
23 29th April 2013 Interim Review Q1/ 2013