Slide 1: Tecnotree Corporation Interim Report Q3/2012
Tecnotree Corporation Interim Report Q3/2012 31st Oct, 2012
Slide 2: Tecnotree Group in Brief
Tecnotree Group in Brief Highlights for Q1-Q3 2012 (comparisons to the same period in 2011) Net sales for the first nine months were 51.0 M€ (46.2 M€) Net sales of Q3 were 19.7 M€ (17.2 M€) Record order backlog of 59.2 M€ (21.5 M€) At the end of June, the order backlog was 58.8 M€ The adju
Slide 3: Financial Highlights
Financial Highlights M€ 1‒9/2012 1‒9/2011 Net sales 51.0 46.2 Adjusted operating result -4.6 0.3 EBIT BEFORE R&D CAPITALISATION & AMORTISATION AND ONE-TIME COSTS Ebit -8.7 -7.6 Net result -10.7 -8.1 Order intake 69.9 53.0 Cash flow after investments -6.3 -14.6 Net Cash Flow -3.0 -8.8 Cash 3.7 7.8 Eq
Slide 4: Net Sales by Area
Net Sales by Area 30 +36% 25 -5% 20 M€ 15 10 -6% 5 -21% 0 Americas Europe MEA APAC Act 1-9/2011 18,8 5,2 19,3 2,9 Act 1-9/2012 25,5 4,9 18,3 2,3 Americas +36% ‒ Europe -6% ‒ MEA -5% ‒ APAC -21% 4 31st Oct 2012 Interim Report Q3/2012
Slide 5: Sales and Orders
Sales and Orders 70 60 50 40 M€ 30 20 10 0 Q3/2010 Q4/2010 Q1/11 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Tecnotree sales 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 OBL 20,1 14,3 22,1 21,5 21,0 40,4 36,2 58,8 59,2 Order intake 12,4 8,2 18,4 17,9 16,7 35,5 5,8 43,9 20,1 5 31st Oct 2012 Inter
Slide 6: Adjusted Income Statement
Adjusted Income Statement EUR Million 1-9/2012 1-9/2011 Change % Net sales 51.0 46.2 10.4 Other operating income 0.0 0.2 Total revenue 51.0 46.4 10.0 Adjusted operating expenses *) -55.6 -46.1 20.6 Adjusted operating result -4.6 0.3 - Net impact of R&D capitalizations -4.1 -5.4 -23.7 - One-time cost
Slide 7: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 30.9.2012 30.9.2011 Change % NON-CURRENT ASSETS Fixed Assets 11.1 17.8 -37.4 Consolidated goodwill 19.3 19.8 -2.8 Other non-current assets 4.0 4.0 -2.2 CURRENT ASSETS Inventories 1.5 1.0 51.0 Trade Receivables 21.5 22.5 -4.1 Other Receivables 34.2 31.8 7.6 Inve
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 30.9.2012 30.9.2011 Change % SHAREHOLDER’S EQUITY 43.9 58.6 -25.0 Interest-bearing liabilities 11.1 13.4 -16.8 Deferred tax liabilities 3.1 2.4 32.3 Other non-current liabilities 0.5 0.5 2.9 CURRENT LIABILITIES Interest-bearing liabilities 14.9 12.2 21.8 Non-in
Slide 9: Prospects for 2012
Prospects for 2012 Tecnotree estimates that net sales in 2012 will be higher than in 2011. The adjusted operating result is estimated to be negative due to increased costs and foreign exchange losses during the third quarter. The cash flow after investments is expected to improve compared to 2
Slide 10: Additional Financial Information for Investors
ADDITIONAL FINANCIAL INFORMATION FOR INVESTORS 10 31st Oct 2012 Interim Report Q3/2012
Slide 11: Sales and Adjusted Operating Result
Sales and Adjusted Operating Result 4 per. Mov. Avg. (Adj. operating result %) M€ 25 30% 20% 20 10% 15 0% 10 -10% -20% 5 -30% 0 -40% -50% -5 -60% -10 -70% Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Sales 19,3 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 Adj. operating result 2,0 -0,
Slide 12: Consolidated Income Statement
Interim Report Q3/2012 Consolidated Income Statement EUR Million 1-9/2012 1-9/2011 Change % Net sales 51.0 46.2 10.4 Other operating income 0.0 0.2 Materials and services -10.4 -8.7 19.8 Employee benefit expenses -24.5 -23.2 5.3 Depreciation -5.5 -7.3 -24.3 Other operating expenses -19.4 -14.8 31.2
Slide 13: Sales by Area
Sales by Area Americas 25 60% M€ 20 50% 40% 15 30% 10 20% 5 10% 0 0% Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Tecnotree Sales 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 0,0 Americas 4,2 5,8 1,7 8,5 8,6 4,5 3,7 11,7 10,1 % 32% 41% 16% 46% 50% 28% 37% 55% 0% 4 per. Mov. Avg. (%) 13 31st Oct
Slide 14: Sales by Area
Sales by Area Europe M€ 25 20% 18% 20 16% 14% 15 12% 10% 10 8% 6% 5 4% 2% 0 0% Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Tecnotree Sales 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 Europe 1,0 1,8 2,0 1,4 1,7 2,8 1,4 2,5 1 % 8% 13% 19% 8% 10% 17% 14% 12% 5% 4 per. Mov. Avg. (%) 14 31st O
Slide 15: Sales by Area
Sales by Area MEA M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Tecnotree Sales 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 MEA 6,3 5,9 6,5 7,0 5,8 7,7 3,8 6,4 8,0 % 47% 42% 61% 38% 34% 48% 38% 30% 41% 4 per. Mov. Avg. (%) 15 31st Oct 2012 I
Slide 16: Sales by Area
Sales by Area APAC M€ 25 14% 12% 20 10% 15 8% 10 6% 4% 5 2% 0 0% Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Tecnotree Sales 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 APAC 1,7 0,5 0,4 1,5 1,1 1,0 1,1 0,6 0,7 % 13% 4% 4% 8% 6% 6% 11% 3% 4% 4 per. Mov. Avg. (%) 16 31st Oct 2012 Interim Re
Slide 17: Sales Distribution
Sales Distribution M€ 25 20 15 10 5 0 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Tecnotree sales 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 Services 5,8 6,8 5,9 7,1 6,4 7,7 4,0 7,4 5,1 New customers 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 Existing customers 7,5 7,2 4,7 11,4 10,8 8,4 6,0 13,
Slide 18: Materials and Services
Materials and Services M€ 25 25% 20 20% 15 15% 10 10% 5 5% 0 0% Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Sales 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 Materials and Services 1,9 2,4 1,7 3,1 3,9 2,1 1,9 4,0 4,5 % 14% 17% 16% 17% 23% 13% 19% 19% 23% 4 per. Mov. Avg. (%) 18 31st Oct 2
Slide 19: Employee Benefits
Employee Benefits 25 90% M€ 80% 20 70% 60% 15 50% 40% 10 30% 5 20% 10% 0 0% Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Sales 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 Employee 6,8 7,8 8,4 8,2 6,6 7,3 7,8 7,8 8,9 benefits % 51% 56% 80% 44% 38% 45% 78% 37% 45% 4 per. Mov. Avg. (%) 19 31s
Slide 20: Other Operating Expenses
Other Operating Expenses M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Sales 13,3 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 Other Opex 4,5 6,2 6,1 4,1 4,5 8,1 5,6 7,0 6,8 % 34% 44% 58% 22% 26% 51% 56% 33% 34% 4 per. Mov. Avg. (%) 20 31st Oct 20
Slide 21: Assets by Quarter
Assets by Quarter M€ 120 100 80 60 40 20 0 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Cash 14,1 16,7 12,8 10,4 7,8 6,7 6,0 11,0 3,7 Investments 1,4 0,6 1,5 0,9 0,9 0,0 0,0 0,0 0,0 Other rec. (mainly WIP) 23,2 24,2 19,7 26,7 31,8 29,3 26,3 27,7 34,2 Trade receivables 19,8 17,3 19,4 22,4 22
Slide 22: Equity and Liabilities by Quarter
Equity and Liabilities by Quarter M€ 120 100 80 60 40 20 0 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Current non-interest bearing 13,2 14,2 13,4 16,9 18,5 17,6 14,3 16,3 21,7 Current interest bearing 2,2 5,2 8,2 12,2 12,2 15,8 14,8 14,8 14,9 Deferred tax 3,5 3,3 2,8 2,7 2,4 4,4 3,3 3,3 3
Slide 23: 31st Oct 2012 Interim Report Q3/2012
23 31st Oct 2012 Interim Report Q3/2012