Andritz Ag · VIE:ANDR
Andritz — Q1-Q3 2014 Earnings Presentation
16 slides from Andritz's earnings presentation, Nov 6, 2014
Slide 1: Results for the first three quarters of 2014
Results for the first three quarters of 2014 November 6, 2014
Slide 2: Group sales: Q1-Q3 2014 slightly below level of last year
Group sales: Q1-Q3 2014 slightly below level of last year; project related sales decline in most business areas in Q3 2014 SALES (MEUR) SALES Q3 2014 * Schuler portion by business area (MEUR) -1% 4,145 (-4% ex 4,123 -5% 334* Schuler) 1,535 296* 1,464 145 +1% 147 Q3: Q3: -5% Q3: 1,535 (ex Schuler: -3
Slide 3: Group order intake: Q1-Q3 2014 strongly up due to P&P and METALS
Group order intake: Q1-Q3 2014 strongly up due to P&P and METALS; Q3 2014 slightly above good level of last year ORDER INTAKE (MEUR) ORDER INTAKE * Schuler portion Q3 2014 by business area (MEUR) +13% 4,572 +4% 1,592 (+8% ex 362* 1,525 4,051 Schuler) 138 +4% 132 327* Q3: +4% Q3: Q1-Q3 2014 vs. Q1-Q3
Slide 4: Order intake and sales by region
Order intake and sales by region Well-balanced geographical exposure ORDER INTAKE Q1-Q3 2014 by region (Q1-Q3 2013) Emerging markets and Oth e rs Eur o pe and North America South America: 15% (12%) >> << Europe: 38% (42%) 43% 4,572 China: 14% (12%) >> MEUR 57% << North America: 19% (16%) Asia (witho
Slide 5: Order backlog
Order backlog Solid workload in all business areas ORDER BACKLOG* (MEUR) ORDER BACKLOG ** Schuler portion Sept. 30, 2014 by business area +3% (MEUR) (+3% ex Schuler) +3% 7,702 7,702 7,465 7,389 7,465 +6% 394 371 6,683 6,615 1,088** 1,121** 1,040** 1.500 +9% 1.631 Q1-Q3 2014 vs. Q1-Q3 2013: (ex Schul
Slide 6: Satisfactory development of EBITA margin
Satisfactory development of EBITA margin SEPARATION slightly improved EBITA (MEUR) GROUP EBITA MARGIN +40% 234.4 4.6% 6.9% 4.0% 5.7% Q3 2013 Q3 2014 Q1-Q3 Q1-Q3 Q3: 2013 2014 101.0 167.0 Q3: Q3 2014 +44% >> EBITA, at 101.0 MEUR, increased by 44% compared to Q3 2013 (70.1 MEUR) Q3: 70.1 due to PULP &
Slide 7: Key figures Q3/Q1-Q3 2014 at a glance
Key figures Q3/Q1-Q3 2014 at a glance Strong cash flow generation and low net working capital Q1-Q3 Q1-Q3 Unit +/- Q3 2014 Q3 2013 +/- 2013 2014 2013 Order intake MEUR 4,571.6 4,051.3 +12.8% 1,591.5 1,525.3 +4.3% 5,611.0 Order backlog (as of end of period) MEUR 7,702.2 7,464.5 +3.2% 7,702.2 7,464.5
Slide 8: HYDRO: Reasonable project activity…
HYDRO Reasonable project activity… MODERNIZATIONS/REHABILITATIONS Reasonable – although clearly below peak years – project activity in Europe and North America NEW HYDROPOWER PLANTS Some projects in emerging markets in implementation or planning phase (particularly in South America and Africa) PUMPS
Slide 9: … and stable business development
… and stable business development Q1-Q3 Q1-Q3 HYDRO Unit +/- Q3 2014 Q3 2013 +/- 2013 2014 2013 Order intake 1 MEUR 1,166.0 1,221.6 -4.6% 351.4 367.3 -4.3% 1,865.4 Order backlog (as of end of period) MEUR 3,575.5 3,637.4 -1.7% 3,575.5 3,637.4 -1.7% 3,722.4 Sales 2 MEUR 1,232.2 1,301.5 -5.3% 426.8 45
Slide 10: PULP & PAPER: Good project and investment activity …
PULP & PAPER Good project and investment activity … MODERNIZATIONS/GREENFIELD TISSUE Good project and investment activity for modernizations and refurbishments; next Solid demand, green-/brownfield pulp mills in South America and Europe expected during H1 2015 especially in China Photo: Montes del P
Slide 11: … and earnings recovery from low levels
… and earnings recovery from low levels Q1-Q3 Q1-Q3 PULP & PAPER Unit +/- Q3 2014 Q3 2013 +/- 2013 2014 2013 Order intake 1 MEUR 1,629.6 1,417.3 +15.0% 572.4 602.3 -5.0% 1,907.7 Order backlog (as of end of period) MEUR 2,101.7 1,956.0 +7.4% 2,101.7 1,956.0 +7.4% 1,885.6 Sales 2 MEUR 1,369.9 1,456.7
Slide 12: METALS: Overall good project activity …
METALS Overall good project activity … METALFORMING ALUMINUM Good project activity, Very good project especially in China; activity satisfactory level in Europe STAINLESS STEEL Unchanged low project activity, COMPETITION however some No major changes selective investments experienced during in emerg
Slide 13: … and solid business development
… and solid business development Q1-Q3 Q1-Q3 METALS Unit +/- Q3 2014 Q3 2013 +/- 2013 2014 2013 Order intake 1 MEUR 1,328.1 958.3 +38.6% 530.2 423.8 +25.1% 1,233.8 Order backlog (as of end of period) MEUR 1,631.4 1,500.3 +8.7% 1,631.4 1,500.3 +8.7% 1,427.6 Sales 2 MEUR 1,111.8 962.9 +15.5% 389.5 413
Slide 14: SEPARATION: Mixed development of project and investment activity …
SEPARATION Mixed development of project and investment activity … ENVIRONMENT Solid investment activity by municipalities FOOD Satisfactory project activity MINING AND MINERALS Unchanged low project activity CHEMICALS Slight decrease in project activity compared to the previous quarter New low-profi
Slide 15: … and earnings and margin recovery
… and earnings and margin recovery Q1-Q3 Q1-Q3 SEPARATION Unit +/- Q3 2014 Q3 2013 +/- 2013 2014 2013 Order intake 1 MEUR 447.9 454.1 -1.4% 137.5 131.9 +4.2% 604.1 Order backlog (as of end of period) MEUR 393.6 370.8 +6.1% 393.6 370.8 +6.1% 352.9 Sales 2 MEUR 409.0 423.5 -3.4% 146.6 145.4 +0.8% 589.
Slide 16: Outlook for remainder of 2014
Outlook for remainder of 2014 Investment activity to remain at current levels HYDRO PULP & PAPER Good project activity for modernizations Solid project activity for modernizations/ stable + and new hydropower stations to stable + capacity increases and power/biomass boilers; good continue; good mark