Facc Ag · VIE:FACC
Facc — Q1 2017/18 Earnings Presentation
12 slides from Facc's earnings presentation, Jul 12, 2017
Slide 1: Investor Presentation Q1 2017/18
INVESTOR PRESENTATION Q1 2017/18 July 12, 2017 This document contains information which is proprietary to FACC or other companies. Page 1 Any reproduction, disclosure or use of this information without FACC‘s prior written consent is expressly prohibited.
Slide 2: Highlights – Q1 2017/18
HIGHLIGHTS – Q1 2017/18 Positive trend continues with significant improvement in Q1 EBIT and positive free cash flow Sales increased by 12.9% to EUR 184.3 mill. Operating income (EBIT) at EUR 10.8 mill. Positive free cash flow of EUR 6.5 mill. achieved Positive feedback from the Paris airshow confir
Slide 3: Global Market Development
GLOBAL MARKET DEVELOPMENT Demand for 36.000 new aircraft re-confirmed until 2035. Normalizing trend in airline book to bill ratio as a consequence from 7.8 year order backlog. 628 firm orders placed between Jan 01 - Jun 30, 2017 (380 Boeing + 248 Airbus) 645 airplane delivered between Jan 01 - Jun 3
Slide 4: Review Paris Airshow 2017
REVIEW PARIS AIRSHOW 2017 Positive on market demand and growth results in an order value for FACC of approx. EUR 250 mill. 326 Airbus 570 Boeing 896 Airplanes orders orders added to backlog A380 performance B787 demand A320 NEO rate increase study increasing to 14 AC ramp up confirmed A320 new cabin
Slide 5: FACC Business Highlights
FACC BUSINESS HIGHLIGHTS Business & Technology Development on track to meet Innovation Leadership New contracts on board to support profitable long term growth Bombardier C-Series contract signed – Sales volume EUR 100 mill. Rolls-Royce engine program contract signed – Sales volume EUR 35 mill. FACC
Slide 6: Revenues by Segment
REVENUES BY SEGMENT Product related revenues grew by 13.4 % driven by sustainable increase in volumes HIGHLIGHTS + 4.5 % + 23.3 % Overall increase in revenues of 12.9 % across FACC Group + 15.2 % 2,6 7,2 184,3 Engineering revenues (NRC) 11,3 almost stable at EUR 11.4 mill. 163,2 Significant reductio
Slide 7: Free Cash Flow
FREE CASH FLOW in EUR mill. + EUR 35.4 mill. 1,6 6,6 24,6 Free Cash Flow EBIT Depreciation and Changes in CF from investing Free Cash Flow Q1 16/17 other non cash Working Capital activities Q1 17/18 effects -28,8 0,4 8,7 Page 7
Slide 8: Segment Report
SEGMENT REPORT 2014/15 2015/16 2016/17 Q1 16/17 Q1 17/18 in EUR mill. Revenue 528.9 580.2 705.7 163.2 184.3 Aerostructures 273.3 269.2 331.0 74.2 85.4 Engines & Nacelles 93.9 113.8 142.0 30.9 38.1 Interiors 161.7 197.2 232.7 58.1 60.8 EBIT 2014/15 2015/16 2016/17 Q1 16/17 Q1 17/18 Aerostructures 25.
Slide 9: Income Statement
INCOME STATEMENT In EUR mill. 2014/15 2015/16 2016/17 Q1 2016/17 Q1 2017/18 Revenue 528.9 580.2 705.7 163.2 184,3 Changes in inventories 2.8 4.4 7.0 9.8 8.5 Own work capitalised 18.8 18.8 11.1 2.6 1.5 Cost of materials -330.2 -376.9 -443.0 -107.2 -111.7 Staff costs -162.3 -158.5 -173.2 -44.1 -46.2 O
Slide 10: Balance Sheet
BALANCE SHEET In EUR mill. Feb. 28. 2015 Feb. 29, 2016 Feb. 28, 2017 May 31, 2017 Non-current assets 336.6 353.6 352.7 340.8 ASSETS Current assets 370.1 311.3 327.9 368.7 Total assets 706.7 664.9 680.6 709.5 Equity 308.0 267.1 284.0 300.7 Non-current liabilities 187.8 229.6 219.5 232.1 EQUITY & LIAB
Slide 11: Outlook 2017/18 Unchanged
OUTLOOK 2017/18 UNCHANGED Moderate sales growth in FY 17/18 expected Management objectives for the remaining year: Execution on order back log Further drive operational efficiency Expand margins & improve profitability Generate positive free cash flow on annual basis Page 11 Page 14
Slide 12: IR-Information
IR-Information Share Information IR Contact ISIN AT00000FACC2 Manuel Taverne Official market Vienna Stock Exchange / prime-market Director Investor Relations Ticker symbol FACC Phone: +43/59/616-2819.. Reuters FACC.VI Mobile: +43/664/80119 2819 e-mail: m.taverne@facc.com Bloomberg FACC AV Shares out