Deufol SE · HAM:DE10
Deufol — Investor Presentation (May 2011)
29 slides from Deufol's investor presentation, May 2011
Slide 1: Company Presentation
Company Presentation Deufol AG May 2011
Slide 2: Agenda
Agenda 1 Profile / Strategy 2 Financials 3 Appendix Page 2 May 2011 Company Presentation
Slide 3: Profile
Profile Deufol is a flexible, intelligent, innovative solution provider around Deufol Service packaging services. Portfolio: Automated Packaging Service solutions for all industry sectors with focus on automotive, consumer and industrial goods Promotional & Display Packaging Worldwide leader
Slide 4: Profile: Automated Packaging
Profile Automated Packaging High-speed transfer lines, semi automatic machines Total packaging solution (custom & innovative design, 3-D image renderings & custom prototyping, machinery innovation, packaging material, custom tooling etc.) Batteries, pens, windshield wipers, home products etc.
Slide 5: Profile: Promotional & Display Packaging
Profile Promotional & Display Packaging Manual packaging for display building Transfer from high-speed lines to secondary packaging Highly skilled teams Strong experience in display assembling Flexible reaction on promotional peaks (space & resources) IT based Page 5 May 2011 Company Pre
Slide 6: Profile: Export & Industrial Goods Packaging
Profile Export & Industrial Goods Packaging Strong IT expertise to meet individual customer requirements International experience Special packaging techniques Plant moves, beverage filling machines, textile machines, turbines, generators etc. Page 6 May 2011 Company Presentation
Slide 7: Profile: Gift Cards & Data Management
Profile Gift Cards & Data Management Automated activation of multipacks Card personalization (encoding) with magnetic strip and scratch off Labeling Data management (single source activation) Pre-paid card business Product innovation (replacement of plastics) Page 7 May 2011 Company Pres
Slide 8: Profile: Supplementary Services
Profile Supplementary Services Warehousing, Logistics, Transport Management Inhouse-Outsourcing Picking / Customization Material supply, production supply, after production services Highly Automated Warehouse Management Strong IT expertise to fulfill individual customer requirements Page
Slide 9: Profile: Global presence with 76 operations
Profile Deufol is a global player and operates all over the world with international projects and a network of subsidiaries. International network of 76 Deufol operations in 9 countries Every operation center offers the complete portfolio of Deufol services Total of 76 Operations Cross-border
Slide 10: Deufol's Strategy – Mid-term objectives
Deufol‘s Strategy – Mid-term objectives Deufol generates fruitful and long lasting partnerships and drives the customers strategy. Extend the business with existing customers Extend the scope of services Geographical expansion Sign up new customers Strategic acquisitions Deufol as No. 1 pa
Slide 11: Agenda
Agenda 1 Profile / Strategy 2 Financials 3 Appendix Page 11 May 2011 Company Presentation
Slide 12: Overview Q1 2011
Overview Q1 2011 Revenues up by 7.0% to € 75.8 million (adjusted + 6.0%) Earnings burdened by several factors (e.g. higher commodity prices and start-up costs for new operations) EBITDA € 4.0 million (prior year: € 4.4 million) EBIT € 1.7 million (prior year: € 2.2 million) Financial resul
Slide 13: Sales split by region
Sales split by region Sales growth of 7.0% Sales (€ m) * „Germany“ increased strongly (11.2%) „Rest of Europe“ increased (4.3%) „USA / Rest of the World“ down 1.8%; currency adjusted -3.0% Page 13 *Sales figures without holding May 2011 Company Presentation
Slide 14: Earnings development
Earnings development Earnings burdened by higher prices for raw material Earnings development (€ m) Lower earnings due to three effects: - Higher commodities (wood) and material prices of at least € 0.5 million - Start-up losses for the new operation in Roverbella (Italy) of € 0.2 million - Additi
Slide 15: EBITA split by segment
EBITA split by segment Earnings burdened by several factors „Germany“ down 34.0%, due to higher timber prices; we are in talks with our customers, that if commodity prices remain high, to pass on gradually these higher purchasing costs „Rest of Europe“ up 39.7% despite start-up costs in Roverbel
Slide 16: Well-balanced liability side
Well-balanced liability side Comfortable equity base Net financial liabilities (€ m) and equity ratio (%) Deufol Group is currently financed in a decentralized form; most financing is provided by bilateral bank loans and syndicated borrowing facilities Net financial liabilities slightly increase
Slide 17: Plan 2011
Plan 2011 Planned revenues 2011 between € 310 and € 325 million Planned Group-EBITA 2011 between € 12 and € 14 million Investments of around € 5 to 6 million are expected Page 17 May 2011 Company Presentation
Slide 18: Agenda
Agenda 1 Profile / Strategy 2 Financials 3 Appendix Page 18 May 2011 Company Presentation
Slide 19: Financial calendar 2011
Financial calendar 2011 April 7, 2011 Annual report 2010 Conference call May 12, 2011 Interim report I/2011, January 1 – March 31 Conference call June 29, 2011 Annual General Meeting Town Hall, Hofheim, Germany August 11, 2011 Interim report II/2011, April 1 – June 30 Conference call November 10, 20
Slide 20: Management Board of Deufol AG
Management Board of Deufol AG Andreas Bargende (CEO) 1993 to 2002 at KPMG; Lawyer and since 2000, Partner in the area of Financial Advisory Services / Corporate Restructuring; joined Deufol 09/2002 as COO; since 06/2009 Chief Executive Officer; Responsibilities: Legal Affairs, Investment Management
Slide 21: The Deufol share
The Deufol share Price at March 31, 2011 € 1.65 Shareholder structure (as of March 31, 2011) High / Low (1 year) € 1.84 / € 1.13 number per cent Market capitalization approx. € 72.2 million Detlef W. Hübner 23,160,832 52.91 Reuters / Bloomberg LOIG.DE / LOI GR Andreas Bargende (CEO) 58,000 0.13 ISIN
Slide 22: Financials: Income statement
Financials: Income statement in € thousand Q1 2011 Q1 2010 2010 2009 2008 2007 Sales 75,750 70,804 307,132 290,053 336,748 337,737 EBITDA 3,972 4,352 20,031 16,238 24,011 20,767 EBITA 1,671 2,181 10,640 6,421 14,562 12,252 EBIT 1,671 2,181 10,640 3,810 14,562 12,252 EBT 731 1,162 6,305 (380) 9,911 7
Slide 23: Financials: Asset structure
Financials: Asset structure in € thousands Q1 2011 Q1 2010 2010 2009 2008 2007 Current assets 78,068 82,573 76,746 81,496 80,288 88,653 Noncurrent assets 149,308 153,735 150,136 154,520 159,128 148,463 Balance sheet total 227,376 236,308 226,882 236,016 239,416 237,116 Current liabilities 80,194 87,
Slide 24: Cash flow / Investments / Liquidity
Cash flow / Investments / Liquidity in € thousands Q1 2011 Q1 2010 2010 2009 2008 2007 Cash flow from operating activities 2,462 1,345 19,924 15,060 15,663 16,025 Cash flow from investment activities (329) 121 (6,419) (2,806) (464) (24,831) Cash flow from financing activities (3,430) (44) (11,546) (
Slide 25: Financials: Ratios
Financials: Ratios Q1 2011 Q1 2010 2010 2009 2008 2007 Investment ratio (%) 1) 2.0 1.4 2.6 2.3 2.1 1.6 Operating cash flow / investments (%) 2) 164.1 129.1 238.1 210.8 175.1 295.5 Interest cover 3) 1.4 1.7 1.9 1.2 2.2 2.1 Asset cover ratio II (%) 4) 117.5 117.7 114.4 117.8 121.0 118.0 Current ratio
Slide 26: Segment data: Germany
Segment data: Germany* in € thousand Q1 2011 Q1 2010 Sales 42,474 38,190 EBITDA 2,385 2,883 EBITA 1,363 2,067 EBT 1,101 1,829 Assets 97,674 93,488 Financial liabilities 29,986 27,994 Other debt 48,081 45,356 Investments 440 444 * figures without holding company Page 26 May 2011 Company Presentation
Slide 27: Segment data: Rest of Europe
Segment data: Rest of Europe in € thousand Q1 2011 Q1 2010 Sales 21,258 20,378 EBITDA 1,971 1,647 EBITA 1,262 903 EBT 1,266 895 Assets 71,296 70.440 Financial liabilities 25,708 25,147 Other debt 19,041 16,451 Investments 312 444 Page 27 May 2011 Company Presentation
Slide 28: Segment data: USA / Rest of the World
Segment data: USA / Rest of the World in € thousand Q1 2011 Q1 2010 Sales 11,949 12,162 EBITDA 136 284 EBITA 243 (234) EBT (425) (970) Assets 29,421 34,932 Financial liabilities 37,079 38,631 Other debt 6,845 7,832 Investments 668 149 Page 28 May 2011 Company Presentation
Slide 29: Contact
Contact Rainer Monetha Investor Relations Deufol AG Johannes-Gutenberg-Strasse 3-5 D - 65719 Hofheim (Wallau) Phone: +49 (6122) 50 12 38 E-mail: Rainer.Monetha@Deufol.com www.deufol.com Important notice: Forward-looking statements Statements in this presentation relating to future status or circ