Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — Vossloh — Shareholder Meeting (May 2017)
28 slides from Vossloh Aktiengesellschaft's shareholder meeting presentation, May 24, 2017
Slide 1: Vossloh AG General Meeting
Clear focus. Sharpened profile. Vossloh AG General Meeting May 24, 2017 1
Slide 2: Clear focus. Sharpened profile.
Clear focus. Sharpened profile. 2
Slide 3: 2014 – 2016: Significant milestones reached
2014 – 2016: Significant milestones reached Two Transportation business units already sold 2015: 2016: 2017: Vossloh Rail Vehicles sold Vossloh Kiepe sold to Sales discussions to Stadler Rail Knorr-Bremse resumed 3
Slide 4: 2014 – 2016: Significant milestones reached
2014 – 2016: Significant milestones reached Vossloh Locomotives consistently restructured, new positioned Vossloh Locomotives relocates New production site: most modern, cost-effective and efficient production in the industry Relocation of production and administration in the second half of 2017
Slide 5: 2016: Operational success – China
2016: Operational success China: Core Components and Lifecycle Solutions strong > 40% Proportion of international revenue in the Lifecycle Solutions division; China contributes significantly to this First complete HSG train sold to China Chengdu Jinan City Qingdao City Lanzhou €80 million Included o
Slide 6: 2016: Operational success – France
2016: Operational success Customized Modules and Transportation sought-after partners in France Up to 320 km/h Delivery of switch systems for new high-speed rail Paris line between Brittany and Pays de la Loire and for Rennes Le Mans sections on the Paris/Bordeaux line Switch installation on the
Slide 7: 2016: Operational success – USA, Rocla acquisition
2016: Operational success USA: Acquisition of Rocla strengthens competitive position Leading Rocla Concrete Tie is the leading concrete tie manufacturer in North America Important long-standing, well- established customer contacts Tie Technologies has been the second 6+1 business unit in the C
Slide 8: USA: Acquisition of Rocla strengthens competitive position
2016: Operational success USA: Acquisition of Rocla strengthens competitive position > 220,000 km Longest rail network worldwide; very large potential for all core divisions Modernization Proportion of concrete ties will continue to grow in the coming years 8
Slide 9: Offering complete solutions from a single source in the USA
Offering complete solutions from a single source in the USA Fully integrated company – bundled portfolio Extensive, local production and distribution network & broad product and service portfolio: Concrete ties Rail fastening systems Switches Services to maintain the value of the infrastruct
Slide 10: Global Vossloh Team: Focus & Intensity for Further Development
Global Vossloh Team: Focus & Intensity for Further Development 10
Slide 11: Clear focus. Sharpened profile.
Clear focus. Sharpened profile. 11
Slide 12: Vossloh Group, financial year 2016
Vossloh Group, financial year 2016 Sales slightly below previous year, profitability better than expected 2015/ 12/31/2015* 2016/ 12/31/2016 Net sales € million 952.9 931.6 EBIT € million 42.3 50.0 EBIT margin % 4.4 5.4 Net income € million 77.8 10.1 Equity ratio % 30.8 40.3 Net financial debt €
Slide 13: Core Components division
Se a Core Components division
Slide 14: Core Components division, financial year 2016
Core Components division, financial year 2016 Sales at previous year’s level, profitability slightly improved Revenue in € million EBIT (€ million) 2016 32.0 2015 29.2 +0.2% EBIT margin (%) 2016 12.5 300 2015 11.4 250 256.6 257.1 200 150 100 50 0 2015 2016 14
Slide 15: Customized Modules division
Customized Modules division 15
Slide 16: Customized Modules division, financial year 2016
Customized Modules division, financial year 2016 Increased profitability despite noticeably lower sales Revenue in € million EBIT (€ million) 2016 34.4 2015 34.4 -5.9% EBIT margin (%) 2016 7.0 600 2015 6.6 500 523.0 492.3 400 300 200 100 0 2015 2016 16
Slide 17: Lifecycle Solutions division
Lifecycle Solutions division 17
Slide 18: Lifecycle Solutions division, financial year 2016
Lifecycle Solutions division, financial year 2016 Internationalization > 40%, EBIT and EBIT margin above previous year Revenue in € million EBIT (€ million) 2016 7.0 2015 5.5 +16.4% EBIT margin (%) 2016 8.4 90 80 2015 7.7 83.5 70 71.7 60 50 40 30 20 10 0 2015 2016 18
Slide 19: Transportation division
Transportation division 19
Slide 20: Transportation division, financial year 2016
Transportation division, financial year 2016 Revenue at previous year’s level, losses further reduced Revenue in € million EBIT (€ million) 2016 -5.2 2015* -7.8 -0.3% EBIT margin (%) 2016 -4.7 120 2015* -7.1 100 109.6 109.3 80 60 40 20 0 2015* 2016 * Previous year figures adjusted since Electrical S
Slide 21: Clear focus. Sharpened profile.
Clear focus. Sharpened profile. 21
Slide 22: Vossloh Group, 3M/2017
Vossloh Group, 3M/2017 Vossloh off to a good start in the 2017 fiscal year Revenue in € million EBIT in € million Orders received in € million +18.2% 224.3 249.3 189.8 210.8 7.1 2.0 1-3/2016* 1-3/2017 1-3/2016* 1-3/2017 1-3/2016* 1-3/2017 * Previous year’s figures were adjusted due to the disposal o
Slide 23: Clear focus. Sharpened profile.
Clear focus. Sharpened profile. 23
Slide 24: Vossloh Group, outlook for 2017
Vossloh Group, outlook for 2017* Strong first quarter confirms outlook Revenue EBIT margin Value added €1.0 billion to €1.1 billion From 5.5% to 6.0% Noticeably improved Core Components Core Components Also benefits from Transportation Customized Modules reduction of WACC from 9.0% to 7.5% in Lifecy
Slide 25: Vossloh Group: future sustainability through innovation
Vossloh Group: future sustainability through innovation Vossloh will drive development of rail transport forward Central, Customer requirements: networked Highest operational quality intelligence Optimum availability Maximum safety Cost efficiency Sensors and digital data transmission Goal:
Slide 26: Remote monitoring and predictive maintenance for switches
Vossloh Group: future sustainability through innovation Remote monitoring and predictive maintenance for switches Sensor technology to avoid switch malfunctions and operational failures 26
Slide 27: Technological expertise for higher track availability
Vossloh Group: future sustainability through innovation Technological expertise for higher track availability Modern technology for the customer’s added value Rails are exposed to enormous loads Over time, wear damage occurs in the form of cracks and fractures in the material Regular rail grin
Slide 28: Clear focus. Sharpened profile.
Clear focus. Sharpened profile. 28