Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — Q2 2012 Earnings Presentation
15 slides from Exel Composites Oyj's earnings presentation, 2012
Slide 1: Interim Report Q2 2012
Private and Confidential Interim Report Q2 2012 Exel Composites Plc Vesa Korpimies, President and CEO
Slide 2: Q2 2012 in brief
Interim Report Q2 2012 Q2 2012 in brief MEUR Q2 2012 Q2 2011 Change Net sales 19.8 23.4 -15.3% Operating profit 1.8 3.6* -50.0% Operating profit (%) 9.2 15.5 Net operative cash flow +1.9 +2.3 Return on capital employed (%) 18.4 34.2 Net gearing (%) 7.6 6.8 EPS 0.11 0.22 *Including MEUR +0.2 one-off
Slide 3: H1 2012 in brief
Interim Report Q2 2012 H1 2012 in brief MEUR H1 2012 H1 2011 Change Net sales 40.3 44.9 -10.3% Operating profit 3.6 6.8* -46.1% Operating profit (%) 9.0 15.1 Net operative cash flow +3.4 +4.0 Return on capital employed (%) 17.3 32.5 Net gearing (%) 7.6 6.8 EPS 0.22 0.41 * Including MEUR +0.2 one-off
Slide 4: In April – June 2012 net sales decreased by 15.3% to MEUR 19.8
Interim Report Q2 2012 In April – June 2012 net sales decreased by 15.3% to MEUR 19.8 (23.4) In Q2 2012, net sales decreased by Net sales 15.3% to EUR 19.8 (23.4) million 25 — Weak market situation affected the sales of our main customers, which resulted in declining sales 20 Sales decreased especia
Slide 5: In April – June 2012 operating profit decreased to MEUR 1.8
Interim Report Q2 2012 In April – June 2012 operating profit decreased to MEUR 1.8 (3.6 incl. MEUR +0.2 one-off items) In Q2 2012 operating profit was Operating profit MEUR 1.8 (3.6 including MEUR +0.2 4 one-off items) or 9.2 (15.5) per cent of net sales 3,5 Main reasons for lower operating 3 profit
Slide 6: Cost-savings initiatives in all the units of the Group
Interim Report Q2 2012 Cost-savings initiatives in all the units of the Group Cost-savings campaigns initiated in all the units of the Group to adjust sales to current sales levels Co-determination negotiations concerning the Finnish units were finalized in July 2012 Measures will be continued to mi
Slide 7: Group’s units in Austria and Belgium achieved ISO 14001
Interim Report Q2 2012 Group’s units in Austria and Belgium achieved ISO 14001 Kapfenberg unit in Austria and Oudenaarde unit in Belgium achieved ISO 14001 Environmental Management status in May 2011 Finnish and Chinese units were granted ISO 14001 environmental certificate earlier Our goal is to ha
Slide 8: Operating cash flow continued to be clearly positive
Interim Report Q2 2012 Operating cash flow continued to be clearly positive In January - June 2012 cash flow Operative cash flow from business operations was MEUR 6 3.4 (4.0) Capital expenditure was MEUR 1.7 5 (1.5) Cash flow (MEUR) 4 On 30 June 2012, the Group’s liquid assets stood at MEUR 7.7 (8.1
Slide 9: Financial position remained strong
Interim Report Q2 2012 Financial position remained strong Net gearing and equity ratio 200 % 80 % 178,40 % 150 % 60 % 56% Equity ratio Net gearing 100 % 40 % 50 % 24,50 % 20 % 0% 7.6% 0 % -50 % -20 % Net gearing Equity ratio The dividend for 2011 resolved by the Annual General Meeting on 29 March 20
Slide 10: Risk elements
Risk elements The most significant near-term business risks are related to the general economic development, government regulations and continued financial crisis in the Euro area as well as to market demand in certain market segments Raw material prices, energy cost and other cost increases may con
Slide 11: Outlook for 2012
Outlook for 2012 Major uncertainties relating to general growth prospects in the economy continue, and these uncertainties may affect the demand for composite products. Due to the prevailing state of the markets, the visibility is low. Exel Composites maintains its cautious stance in 2012, but will
Slide 12: Focus on business agility
Focus on business agility We will continue our strategy of profitable growth and to invest in the development of new products, to expand our customer base by reinforcing sales and to maintain good cost control We are prepared to reinforce actions to cope with continuing slow demand and uncertainty -
Slide 13: Major Shareholders on 30 June 2012
Major Shareholders on 30 June 2012 Number of Percentage of shares share capital Nordstjernan AB 3,496,506 29.39 Ilmarinen Mutual Pension Insurance Company 689,400 5.79 OP-Suomi Small Firms Fund 575,107 4.83 Ulkomarkkinat Oy 480,000 4.03 Fondita Nordic Micro Cap Inv. Fund 450,000 3.78 Veikko Laine Oy
Slide 14: Share price development
Share price development Exel Composites share price development 4.3 (5.5) % of shares outstanding were traded August 2011 – July 2012 in H1 2012 The highest share quotation was EUR 8.79 (9.40) and the lowest EUR 6.42 (6.85) The share price closed at EUR 6.78 (8.12) and the market capitalization on 3
Slide 15: Exel Composites is the global #1 composite profile provider
Exel Composites is the global #1 composite profile provider Exel Composites is the global #1 composite profile provider Our strategy targets to continue profitable growth globally – Organic growth faster than market and selected acquisitions We continue to develop capabilities especially in sales an