Grammer Ag · XETR:GMM
Grammer — Q1 2016 Earnings Presentation
17 slides from Grammer's earnings presentation, May 9, 2016
Slide 1: Presentation 1st Quarter 2016
Presentation 1st Quarter 2016 Amberg May 09, 2016
Slide 2: Grammer Group – Market Development Q1 2016
GRAMMER GROUP – MARKET DEVELOPMENT Q1 2016 Car markets continue to grow. Commercial vehicles show overall recovery Passenger Cars – New Registrations Global automotive markets with positive momentum in the first quarter New registrations in the NAFTA with +4% China with high growth (+9 %) Western Eu
Slide 3: Group – Development Q1 2016: Revenues and operating EBIT
GROUP – DEVELOPMENT Q1 2016 Group revenues and operating EBIT with strong increase Revenues EBIT and operating EBIT [in € million] [in € million and % of revenues] +21% EBIT-margin Ops EBIT-margin 4.7% 3.5% 1.9% 4.1% 425.9 352.7 16.5 17.3 14.8 6.8 Q1 2015 Q1 2016 Q1 15 Q1 16 Q1 15 Q1 16 IFRS EBIT Op
Slide 4: Net profit and earnings per share
GROUP – DEVELOPMENT Q1 2016 Net profit and earnings per share follow IFRS EBIT development Net profit Earnings per share [in € million] [in €] 9.8 0.87 7.5 0.66 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Copyright 2016 GRAMMER AG - Presentation Q1 2016 May 09, 2016 Page 4
Slide 5: Increase in equity, net financial debt higher
GROUP – DEVELOPMENT Q1 2016 Increase in equity. Net financial debt higher due to REUM acquisition Equity and equity-ratio Net financial debt and Gearing [in € million and %] [in € million and %] 257.3 238.1 154.6 125.8 28% 24% 60% 53% 03/31/15 03/31/16 03/31/15 03/31/16 Copyright 2016 GRAMMER AG - P
Slide 6: Investments focused on expansion and optimization
GROUP – DEVELOPMENT Q1 2016 Investments focused on expansion and optimization measures Capex and Capex-ratio Capex Q1 2016 by divisions [in € million and %] [in %] 9.0 Seating Systems 8.8 2.5% 30% 2.1% Automotive 68% 2% Central Services Q1 2015 Q1 2016 Copyright 2016 GRAMMER AG - Presentation Q1 201
Slide 7: Higher headcount due to REUM acquisition
GROUP – DEVELOPMENT Q1 2016 Higher headcount mainly due to REUM acquisition and capacity increase Employees Employees in low-cost / high-cost countries [month-end] [month-end] +13% 12,029 10,693 27% 30% 73% 70% 03/31/15 03/31/16 03/31/15 03/31/16 Copyright 2016 GRAMMER AG - Presentation Q1 2016 May
Slide 8: Automotive – Development Q1 2016
AUTOMOTIVE – DEVELOPMENT Q1 2016 Strong growth vs. previous year. Improvement of operating performance on track Revenues EBIT and operating EBIT [in € million] [in € million and % of revenues] +29% EBIT-margin Ops EBIT-margin 4.5% 2.7% 2.0% 3.4% 316.1 245.3 11.0 10.6 8.6 5.0 Q1 2015 Q1 2016 Q1 15 Q1
Slide 9: Seating Systems – Development Q1 2016
SEATING SYSTEMS – DEVELOPMENT Q1 2016 Very promising start in the first quarter 2016 Revenues EBIT and operating EBIT [in € million] [in € million and % of revenues] EBIT-margin Ops EBIT-margin 7.3% 7.5% 4.5% 7.7% +5% 116.6 122.0 9.2 9.4 8.5 5.3 Q1 2015 Q1 2016 Q1 15 Q1 16 Q1 15 Q1 16 IFRS EBIT Oper
Slide 10: Grammer Group – Market Outlook 2016
GRAMMER GROUP – MARKET OUTLOOK 2016 Global car markets continue to grow. Truck markets with ongoing uncertainties Car production – 2015 & Forecast 2016 Truck production – 2015 & Forecast 2016 [in % yoy] [Trucks > 6t, in % yoy] Actual Forecast Actual Forecast 2015 2016 2015 2016 Europe +4% +3% Europe
Slide 11: Grammer Group – Outlook 2016
GRAMMER GROUP – OUTLOOK 2016 Increase in revenues to more than 1.6 billion Euros. EBIT above previous year GRAMMER Group – Outlook 2016: GRAMMER expects a continuation of the volatile and challenging market conditions in 2016, particularly in the relevant commercial vehicle markets. However, we are
Slide 12: Backup Information
Backup Information NG GRAMMER
Slide 13: Key Figures Q1 2016
GRAMMER GROUP Key Figures Q1 2016 [IFRS, in € million] Q1 2016 Q1 2015 Chg. Group Revenues 425.9 352.7 +21% EBITDA 26.2 26.2 0.0% EBITDA-Margin 6.2% 7.4% -1.2%-P EBIT 14.8 16.5 -10% EBIT-Margin 3.5% 4.7% -1.2%-P Operating EBIT 17.3 6.8 +154% Operating EBIT-Margin 4.1% 1.9% +2.2%-P Profit after taxes
Slide 14: Financial Key Figures – 5-year development
GRAMMER GROUP – FINANCIAL KEY FIGURES 5-year development [IFRS, in € million] 2015 2014 2013 2012 2011 Group Revenue 1,425.7 1,365.9 1,265.7 1,133.0 1,093.5 EBITDA 83.2 93.7 92.3 78.1 76.9 EBITDA-Margin 5.8% 6.9% 7.3% 6.9% 7.0% EBIT 42.7 57.0 58.0 49.0 49.4 EBIT-Margin 3.0% 4.2% 4.6% 4.3% 4.5% Profi
Slide 15: Grammer AG – Share Price Development
GRAMMER AG – SHARE PRICE DEVELOPMENT Very strong share price performance with high trading volumes in 2016 Share price development January 2016 – March 2016 GRAMMER share price [in %] Trading volume per day [in shares] 125% 300.000 100% 200.000 75% 100.000 50% 0 Jan-16 Feb-16 Mar-16 Apr-16 ISIN ISIN
Slide 16: Financial Calendar 2016 and IR Contact
GRAMMER GROUP Financial Calendar 2016 and IR Contact Financial Calendar 2016 Investor Relations Contact Annual General Meeting: May 11, 2016 Ralf Hoppe, VP Investor Relations, Communications , Marketing & Strategic Product Planning Interim Report Q2/2016: August 10, 2016 Phone: +49 (0)9621 66 2200 I
Slide 17: Legal Disclaimer
GRAMMER GROUP Legal Disclaimer This presentation has been prepared by Grammer AG solely for the press and analyst conference on May 09, 2016. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securit