Slide 1: Half year financial result H1 2019
Half year financial result H1 2019 Jukka Rinnevaara CEO Teleste Proprietary. All rights reserved. Unclassified
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by the Company. The information on which it is based has not been independently verified by any other person. This presentation is not intended to provide the basis of any investment decision and should not be considered as a recommendation by the Compa
Slide 3: Review by CEO: We make your everyday life smart, safe and smooth
REVIEW BY CEO We make your everyday life smart, safe and smooth Teleste Proprietary. All rights reserved. Unclassified 3
Slide 4: Business areas
Business areas Video and Broadband Solutions Network Services Broadband networks and video security Comprehensive service solutions for cable and information solutions networks Teleste Proprietary. All rights reserved. Unclassified 4
Slide 5: Teleste Group - Q2 2019
Teleste Group - Q2 2019 Orders received decreased year-on-year in Network Services, but increased in Video and Broadband solutions. Compared with the end of the reference period, the order backlog increased by 27.6 % to record high 76.2 M€. Net sales decreased from the strong reference period
Slide 6: Video and Broadband Solutions - Q2 2019
Video and Broadband Solutions - Q2 2019 Orders received increased from the reference period, but decreased quarter-on-quarter. Orders increased particularly in video security and information solutions, but also in access network products. Compared with the end of the reference period, the order
Slide 7: Network Services - Q2 2019
Network Services - Q2 2019 Orders received and net sales decreased from the reference period but were on par quarter-on- quarter. Net sales decreased in Germany and Finland, but increased in England. In Germany, the decrease in net sales was due to the completion of a significant project at the en
Slide 8: Teleste Group, January – June 2019
Teleste Group, January – June 2019 1-6 2019 1-6 2018 YoY change 1-12 2018 Orders received, M€ 122,1 126,8 -3,7 % 264,0 Net sales, M€ 116,8 124,5 -6,1 % 250,3 Adjusted EBIT, M€ 3,6 4,3 -16,3 % 9,7 Adjusted EBIT, % 3,1 % 3,4 % 3,9 % EBIT, M€ -3,7 4,3 -186,4 % 9,7 Net profit, M€ -5,0 2,9 -271,3 % 6,8 O
Slide 9: Video and Broadband Solutions, January – June 2019
Video and Broadband Solutions, January – June 2019 1-6 2019 1-6 2018 YoY change 1-12 2018 Orders received, M€ 75,8 72,1 +5,1 % 152,3 Net sales, M€ 70,6 69,8 +1,1 % 138,7 EBIT, M€ 3,8 3,1 +23,5 % 7,7 EBIT, % 5,4 % 4,4 % 5,6 % Average personnel 680 719 -5,3 % 700 Teleste Proprietary. All rights reserv
Slide 10: Network Services, January – June 2019
Network Services, January – June 2019 1-6 2019 1-6 2018 YoY change 1-12 2018 Orders received, M€ 46,3 54,7 -15,3 % 111,7 Net sales, M€ 46,3 54,7 -15,3 % 111,7 EBIT, M€ -0,2 1,2 -115,1 % 2,0 EBIT, % -0,4 % 2,3 % 1,8 % Average personnel 688 703 -2,2 % 693 Teleste Proprietary. All rights reserved. Uncl
Slide 11: Order Backlog (at the end of period)
Order Backlog (at the end of period) Teleste Group 80 76,2 +27,6 % 70 71,0 60 57,4 50 M€ 40 42,2 30 20 26,9 10 0 2015 2016 2017 2018 Q2 2019 Teleste Proprietary. All rights reserved. Unclassified 11
Slide 12: Orders Received
Orders Received Teleste Group, M€ 262,9 264,0 251,3 244,3 250 200 4Q 150 M€ 122,1 3Q 64,5 2Q -3,7 % 100 67,2 60,2 59,0 64,1 1Q 50 0 2015 2016 2017 2018 Q2 2019 Teleste Proprietary. All rights reserved. Unclassified 12
Slide 13: Net Sales
Net Sales Teleste Group, M€ 259,5 247,8 250,3 250 234,6 200 4Q 150 M€ 116,8 3Q 2Q 100 67,5 59,7 58,7 65,2 58,2 1Q 50 0 2015 2016 2017 2018 Q2 2019 Teleste Proprietary. All rights reserved. Unclassified 13
Slide 14: Adjusted Operating Profit
Adjusted Operating Profit Teleste Group, M€ 18 15,6 16 14,3 14 12 9,7 4Q 10 M€ 3Q 8 2Q 6 1Q 3,9 3,6 4 2,5 2,5 -16,3 % 2 3,5 2,3 0 0,0 2015 2016 2017 2018 Q2 2019 Teleste Proprietary. All rights reserved. Unclassified
Slide 15: Adjusted Earnings Per Share
Adjusted Earnings Per Share Teleste Group, EUR 0,70 0,65 0,61 0,60 0,50 0,38 0,40 4Q EUR 0,30 3Q 2Q 0,20 0,13 0,10 0,16 1Q 0,10 0,05 0,13 0,08 0,00 -0,02 -0,10 2015 2016 2017 2018 Q2 2019 Teleste Proprietary. All rights reserved. Unclassified 15
Slide 16: Cash Flow From Operations
Cash Flow From Operations Teleste Group, M€ 18 4,9 8,8 19,3 15,0 - 4,1 16 14,1 14 12 10 1Q 8 2Q M€ 6 3Q 4 3,1 4Q 2 0,5 0 -2 -4 - 2,2 - 3,2 2015 2016 2017 2018 Q2 2019 Teleste Proprietary. All rights reserved. Unclassified 16
Slide 17: Return on Equity
Return on Equity Teleste Group 20% 15% 14,9 % 14,6 % 10% 9,2 % 5% 0% -5% -10% -11,7 % -13,6 % -15% -20% 2015 2016 2017 2018 H1 2019 Teleste Proprietary. All rights reserved. Unclassified 17
Slide 18: Equity Ratio (at the end of period)
Equity Ratio (at the end of period) Teleste Group 60% 50% 52,5 % Adoption of IFRS 16 51,7 % 48,3 % 48,3 % 47,7 % standard decreased equity 40% ratio by 2,6 ppt 30% 20% 10% 0% 2015 2016 2017 2018 Q2 2019 Teleste Proprietary. All rights reserved. Unclassified 18
Slide 19: Net gearing (at the end of period)
Net gearing (at the end of period) Teleste Group 50% 40% 36,5 % 30% 26,3 % 25,0 % 20% 16,8 % 10% Adoption of IFRS 16 standard increased gearing 5,9 % by 10,7 ppt 0% 2015 2016 2017 2018 Q2 2019 Teleste Proprietary. All rights reserved. Unclassified 19
Slide 20: Vision 2021
VISION 2021 Best partner for networked society Teleste Proprietary. All rights reserved. Unclassified