Semperit Ag Holding · VIE:SEM
Semperit — Q1 2015 Earnings Presentation
20 slides from Semperit's earnings presentation, May 19, 2015
Slide 1: Semperit Group Investor Presentation Q1 2015
SEMPERIT GROUP INVESTOR PRESENTATION Q1 2015 19 May 2015 1
Slide 2: Agenda
Agenda Highlights (p. 3) Financial Performance (p. 7) Outlook (p. 13) Appendix (p. 16) 2 Investor Presentation Q1 2015 I 19 May 2015 I Investor Relations
Slide 3: Satisfying start in 2015
Satisfying start in 2015 Revenue by segment Q1 2015 (vs. Q1 2014) Like-for-like growth in challenging times Semperform Sempermed 15% (13%) 42% (49%) Medical and Industrial sectors with satisfactory performances Semper- trans 18% (15%) Organic volume growth through strong sales performance Stro
Slide 4: Medical Sector: Sempermed on track
Medical Sector: Sempermed on track Global gloves market with unchanged growth Sales Focus of Sempermed on profitable quality growth Surgical gloves with almost stable demand Thailand: Production continues close to full capacity Production Malaysia: new factory construction is on track, low
Slide 5: Industrial Sector: Growth against negative market trends
Industrial Sector: Growth against negative market trends Excellent sales performance despite economic headwinds Hydraulic hoses with strong volume growth, Semperflex new capacities well utilised Industrial hoses negatively effected by Eastern Europe / Russia Next expansion program started
Slide 6: Agenda
Agenda Highlights (p. 3) Financial Performance (p. 7) Outlook (p. 13) Appendix (p. 16) 6 Investor Presentation Q1 2015 I 19 May 2015 I Investor Relations
Slide 7: Like-for-like growth in Q1 2015 vs Q1 2014
Like-for-like growth in Q1 2015 vs Q1 2014 Key Financials Semperit Group (like-for-like)1) Q1 2014 +/- due to Q1 2014 Change in Change in Q1 2015 (reported) change in (like-for- EUR m % consolidation like) (like-for- (like-for- in EUR m method like) like) Revenue 232.7 -19.8 212.9 +4.6 +2.1% 217.5 E
Slide 8: Q1 2015: Strong starting quarter
Q1 2015: Strong starting quarter Medical Sector Industrial Sector Semperit Group1) Q1 2014 Q1 2014 in EUR m Q1 2015 % Q1 2015 Q1 2014 % Q1 2015 % (like-for-like) (like-for-like) Revenue 91.4 94.3 -3.1% 126.1 118.6 +6.3% 217.5 212.9 +2.1% EBITDA 8.7 9.3 -6.0% 22.6 23.2 -2.5% 26.7 27.0 -0.9% EBITDA ma
Slide 9: Medical Sector: Decline due to change of the consolidation method
Medical Sector: Decline due to change of the consolidation method Like-for-like stable development Negative price effects due to raw material weakness Stated figures show a decline due to equity consolidation of joint venture company SSC from 2015 on Higher personnel expenses and up-front cost
Slide 10: Industrial Sector: Strong results in challenging times
Industrial Sector: Strong results in challenging times Satisfying EBIT margins Volume growth through implementation of strategic customer initiatives in EUR m Q1 2015 Q1 2014 Change Improvement of efficiency and use of Revenue 55.4 52.9 +4.7% Semperflex economies of scale driven by strong EBIT 1
Slide 11: Strong cash position and solid balance sheet
Strong cash position and solid balance sheet in EUR m Q1 2015 Q1 2014 % FY 2014 Gross cash flow 20.1 27.0 -25.5% 104.7 Positive gross cash flow Cash flow from -5.5 19.3 – 89.2 operating activities Cash flow from -14.4 -8.9 +62.9% -72.7 investing activities in EUR m 31.3.2015 31.12.2014 % 31.3.2014 C
Slide 12: Agenda
Agenda Highlights (p. 3) Financial Performance (p. 7) Outlook (p. 13) Appendix (p. 16) 12 Investor Presentation Q1 2015 I 19 May 2015 I Investor Relations
Slide 13: Outlook 2015: Largely good development in a challenging environment
Outlook 2015: Largely good development in a challenging environment Satisfactory development of Semperit Group to be expected Semperit started with well filled order books into Q2 2015 Economic recovery to be expected in the second Attractive development of revenue and earnings in the first mont
Slide 14: Contact and financial calendar
Contact and financial calendar Investor Relations Semperit Group Financial calendar 2015 of Semperit Stefan Marin 19 May 2015 Report on Q1 2015 investor@semperitgroup.com 18 August 2015 Report on H1 2015 +43 1 79777 - 210 17 November 2015 Report on Q1-3 2015 www.semperitgroup.com/en/ir Modecenterstr
Slide 15: Agenda
Agenda Highlights (p. 3) Financial Performance (p. 7) Outlook (p. 13) Appendix (p. 16) 15 Investor Presentation Q1 2015 I 19 May 2015 I Investor Relations
Slide 16: Q1 2015 vs. Q1 2014 reported figures
Q1 2015 vs. Q1 2014 reported figures Medical Sector Industrial Sector Semperit Group1) in EUR m Q1 2015 Q1 2014 % Q1 2015 Q1 2014 % Q1 2015 Q1 2014 % Revenue 91.4 114.1 -19.9% 126.1 118.6 +6.3% 217.5 232.7 -6.5% EBITDA 8.7 15.8 -44.5% 22.6 23.2 -2.5% 26.7 33.4 -20.1% EBITDA margin 9.6% 13.8% -4.2 PP
Slide 17: Key figures income statement
Key figures income statement Key figures income statement Highlights Q1 2015 in EUR m Q1 2015 Q1 2014 Change Disclosed Q1 2015 figures (Revenue, EBITDA Revenue 217.5 232.7 -6.5% and EBIT) below Q1 2014 levels due to the change of method of consolidation for SSC Changes in inventories -16.5 -2.1 >
Slide 18: Balance sheet: Assets
Balance sheet: Assets in EUR thousand Highlights Q1 2015 ASSETS 31.3.2015 31.12.2014 Non-current assets Intangible assets 118,440 112,414 Total assets increase driven by investment Tangible assets 237,232 220,017 program and higher trade receivables Investments in joint ventures and associated 107
Slide 19: Balance sheet: Equity and Liabilities
Balance sheet: Equity and Liabilities in EUR thousand EQUITY AND LIABILITIES 31.3.2015 31.12.2014 Highlights Q1 2015 Equity Share capital 21,359 21,359 Capital reserves 21,503 21,503 Net debt of EUR 36.6m Revenue reserves 419,202 405,509 (year end 2014: EUR 22.0m) Currency translation reserve 39,7
Slide 20: Key figures 2009 – 2014
Key figures 2009 – 2014 Key performance figures in EUR m 20091) 20101) 20111) 20121) 2013 2014 Revenue 588.1 689.4 820.0 828.6 906.3 930.4 EBITDA 102.8 112.3 110.0 108.7 132.5 136.1 EBITDA margin 17.5% 16.3% 13.4% 13.1% 14.6% 14.6% EBIT 69.6 82.3 80.4 72.5 87.8 88.5 EBIT margin 11.8% 11.9% 9.8% 8.8%