Jungheinrich AG · XETR:JUN3
Jungheinrich — Investor Presentation (May 2014)
51 slides from Jungheinrich's investor presentation, May 2014
Slide 1: Jungheinrich Group – Company Presentation
Jungheinrich Group – Company Presentation 60 Years of Passion for Logistics Hamburg, May 2014
Slide 2: Contents
Contents. Jungheinrich at a Glance Jungheinrich Worldwide Vision & Brand Promise Business Model & Divisions The Jungheinrich Group in Figures 2
Slide 3: Company Profile
Company Profile. Jungheinrich. We rank among the world’s top three companies and are No. 2 in Europe in the material handling equipment, warehousing and material flow engineering sectors. We provide our customers with tailor-made all-round solutions covering the entire field of intralogistics. That
Slide 4: Milestones of the Jungheinrich Group
Milestones of the Jungheinrich Group. Establishment of First foreign sales and Short-term hire and H. Jungheinrich & Co. service company in used equipment 1 billion deutschmarks Maschinenfabrik Austria business in net sales Setup of the German Norderstedt plant Full-line supplier Going public direct
Slide 5: Milestones of the Jungheinrich Group
Milestones of the Jungheinrich Group. Commissioned: Landsberg plant commences production Spare parts centre in Kaltenkirchen 1st battery-powered forklift to 100,000th Jungheinrich forklift feature three-phase AC featuring three-phase AC Sales partnership with Degernpoint plant (near Moosburg) techno
Slide 6: Board of Management
Board of Management. Chairman Marketing & Sales Hans-Georg Frey Dr. Lars Brzoska Dr. Klaus-Dieter Rosenbach Dr. Volker Hues Engineering & Production Finance
Slide 7: Our Staff. A Strong Team.
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Slide 8: The Company. Jungheinrich: a top-notch employer
The Company. Jungheinrich: a top-notch employer … … has satisfied employees … High degree of employee satisfaction: ECHO 2011 survey Long periods of service: Ø 11.5 years … and invests in its employees: Outstanding training, recognized inter alia by awards from the International Chamber of Com
Slide 9: Development of the Jungheinrich Group. Net sales
Development of the Jungheinrich Group. Net sales. 2,290 2,145 73% 74% 1,471 1,346 72% 64% 726 53% 1993 1998 2003 2008 2013 Sales in million € Foreign share Adjusted to the change in the statement of interest income from financial services (finance lease customer contracts). 9
Slide 10: Development of the Jungheinrich Group. Employees
Development of the Jungheinrich Group. Employees. 11,840 10,784 9,233 8,530 55% 6,046 54% 52% 52% 44% 1993 1998 2003 2008 2013 Employees as of 12/31 Foreign share 10
Slide 11: Contents
Contents. Jungheinrich at a Glance Jungheinrich Worldwide Vision & Brand Promise Business Model & Divisions The Jungheinrich Group in Figures 11
Slide 12: Jungheinrich Worldwide
Jungheinrich Worldwide. We bank on our strong worldwide direct sales organization … … featuring 32 proprietary sales and service companies in Europe, Asia and America. … and a densely spun dealership network in another 64 countries. We are represented in approximately 100 countries—directly on
Slide 13: World League Table 2012
World League Table 2012. Sales in million € (including currency effects) Jungheinrich: 5,653 No. 2 in Europe 4,727 2,229 1,922 Toyota* Kion Jungheinrich Hyster Yale Source: Annual reports & company data. * Toyota adjusted Jan. to Dec. 2012. 13
Slide 14: Contents
Contents. Jungheinrich at a Glance Jungheinrich Worldwide Vision & Brand Promise Business Model & Divisions The Jungheinrich Group in Figures 14
Slide 15: Jungheinrich – Our Vision
Jungheinrich – Our Vision. Jungheinrich will permanently rank among the world’s three leading intralogistics service and solution providers! 15
Slide 16: Machines. Ideas. Solutions. The Promise of Our Brand
Machines. Ideas. Solutions. The Promise of Our Brand. This is what we stand for: Machines. Ideas. Solutions. Visionary thinking Inspirational action Holistic problem-solving 16
Slide 17: Contents
Contents. Jungheinrich at a Glance Jungheinrich Worldwide Vision & Brand Promise Business Model & Divisions The Jungheinrich Group in Figures 17
Slide 18: Jungheinrich Business Model
Jungheinrich Business Model. Jungheinrich’s business model is designed to serve customers from a single source over a product’s entire life cycle: Logistics Systems PROFISHOP Used Equipment After Sales Customer Service Full Service Short-Term Hire Customer Service / Financial Maintenance
Slide 19: New Truck Business
=> \ e New Truck Business.
Slide 20: Jungheinrich – A Full-Line Supplier
Jungheinrich – A Full-Line Supplier. The right machine for every application. Diesel and LPG- Battery-powered powered Battery-powered counterbalanced counterbalanced reach trucks trucks trucks Special design Battery-powered trucks and Hand pallet pedestrian- small series trucks controlled trucks tru
Slide 21: Logistic Systems
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Slide 22: Logistics Systems
Logistics Systems. Planning and Design Forklift Trucks Warehouse Management Systems: Racking and Storage Warehouse Equipment Administration Conveyor Systems Warehouse Control Stacker Cranes Radio Data Transmission, Terminals, Scanners System Integration Maintenance and Service 22
Slide 23: Used Equipment
a ae Used Equipment.
Slide 24: Used Equipment
Used Equipment. Large selection 4-star quality standard Manufacturer’s warranty up to 12 months For every budget and application Numerous financing options Rapid deployability: “ready to go” fleet Leading internet marketplace: www.supralift.com 24
Slide 25: Used Equipment
Used Equipment. Centralization of refurbishment of used trucks at the Dresden location: Rebuilding, repair and Dresden conversion throughout Europe! 25
Slide 26: Hire
SUNGHEINRICH
Slide 27: Hire. Jungheinrich Rental Service
Hire. „Jungheinrich Rental Service. Ready, when you are!“ 33,000 industrial trucks With load capacities from 1 mt bis 42 mt, wirh lift heights up to 14 m Cost control Flexible fleet covers seasonal demands For every application and anytime 27
Slide 28: Hire Fleet Development
Hire Fleet Development. 33.6 Continuous extension of close-knit 30.7 market coverage throughout Europe. 26.7 Duration of hire: 21.8 1 day to 24 months Targeted degree of capacity utilization: 70% to 80% 2010 2011 2012 2013 In thousand units inventory 28
Slide 29: After Sales Services
After Sales Services.
Slide 30: Service
Service. Manufacturer expertise. We create satisfaction courtesy of a … densely spun network of over 3,700 service engineers speedy communication—short response times OEM spare parts, including in-night supply in Europe short idle periods and increased operational safety worldwide Junghein
Slide 31: New Spare Parts Centre for Global Spare Part Logistics
New Spare Parts Centre for Global Spare Part Logistics. Outstanding infrastructure: 20,000 sqm scalable storage space for Kaltenkirchen site north of 65,000 warehouse articles in 110,000 Hamburg storage positions Global supplies to Jungheinrich Prerequisites for 24/7/365 supply service engin
Slide 32: Spare Parts Supply – In-Night Delivery within Europe
Spare Parts Supply – “In-Night” Delivery within Europe. Spare parts network: Central spare parts logistics centre in Kaltenkirchen Regional spare parts logistics centres Kaltenkirchen in Lahr and Bratislava Bratislava Lahr 95% of all service engineers in Europe are supplied overnight 32
Slide 33: Mail Order Business
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Slide 34: Mail Order Business
Mail Order Business. “Jungheinrich-PROFISHOP” provides an attractive assortment of products and services in the fields of… stacking and hoisting transportation and warehousing plant and office fittings and furnishings occupational safety and the environment in Germany, in Austria and the N
Slide 35: Jungheinrich Financial Services
Jungheinrich Financial Services.
Slide 36: Jungheinrich Financial Services. Solutions for all Demands
Jungheinrich Financial Services. Solutions for all Demands. Financial Services Customized Flexible Contract Terms From 12 to 120 months Individual Package Financing Full service Fleet management 36
Slide 37: Jungheinrich Financial Services
Jungheinrich Financial Services. In-house Expertise: Jungheinrich-owned financial services companies in Germany, France, Italy, UK, Spain, the Netherlands and Austria Worldwide transnational direct sales concepts 37
Slide 38: Production
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Slide 39: Production Plants in Germany
Production Plants in Germany. Development and Production in Centres of Excellence. Norderstedt Lüneburg Norderstedt Lüneburg Landsberg Landsberg Dresden Used truck centre Dresden Moosburg Moosburg/ Degernpoint Degernpoint 39
Slide 40: Other Plants/Joint Ventures
Other Plants/Joint Ventures. Jungheinrich Lift Truck Manufacturing Qingpu/China Moravany Qingpu Juli Motorenwerk Moravany/Tschechische Republik Putian Putian/China 50% Joint Venture with Kion Production plant outside Germany Joint Venture 40
Slide 41: Research & Development
Research & Development. in million € R&D-Expenditures 44 45 39 39 38 36 2008 2009 2010 2011 2012 2013 Employee Figures 400 378 340 339 342 322 2008 2009 2010 2011 2012 2013 Cost allocation changed as of 2010 (engineering service) 2012 figures adjusted due to the application of the amended version of
Slide 42: Contents
Contents. Jungheinrich at a Glance Jungheinrich Worldwide Vision & Brand Promise Business Model & Divisions The Jungheinrich Group in Figures 42
Slide 43: The Jungheinrich Group in Figures
The Jungheinrich Group in Figures.
Slide 44: Fiscal 2013
Fiscal 2013. in million € 2013 2012 Change in % Incoming orders 2,357 2,251 +5 Sales 2,290 2,270 +1 Balance sheet total 2,751 2,759 +0 Shareholders„ equity 831 754 +10 Capital expenditures* 91 78 +17 EBIT 172 177 -3 EBIT return on sales (EBIT-ROS) % 7.5 7.8 — Employees 11,840 11,261 +5 *Tangible and
Slide 45: Current Development
Current Development. in million € Q1 Q1 Change 2014 2013 in % Incoming orders 600 587 +2 Sales 575 514 +12 Total assets 03/31 2,783 2,754 +1 Shareholders‟ equity 03/31 850 775 +10 Capital expenditures* 14 23 -39 Earnings before interest and taxes (EBIT) 40.2 36.0 +12 Net income 25.7 21.9 +17 EBIT-Re
Slide 46: Capital Expenditures
Capital Expenditures. Tangible and Intangible Assets without Capitalized Development Costs. Capex as a percentage of 3,9% net sales 91.0 3.5% 78.0 2.7% 2.5% 51.0 46.0 1.8% 33.0 24.0 14.0 15.0 16.0 8.0 2009 2010 2011 2012 2013 in million € Foreign share 46
Slide 47: Information on the Jungheinrich Share
Information on the Jungheinrich Share.
Slide 48: Shareholder Structure (Preferred Shares)
Shareholder Structure (Preferred Shares). 9,500 shareholders in total. UK 20% Others 5% Institutional 72% Germany 45% USA 13% Private 23% Belgium 9% thereof 17% investment funds Luxembourg 6% Rest of World 2 % in Germany Scandinavia 5% As of November 2013 48
Slide 49: Share Price and Dividend Trend
Share Price and Dividend Trend. Jungheinrich share price trend Dividend per preferred share € €0.86 €0.86 €0.76 €0.58 €0.55 €0.55 As of March 31, 2014: €54.99 €0.12 2007 2008 2009 2010 2011 2012 2013 49
Slide 50: General Information
General Information. Subscribed capital: Stock exchanges €102 million divided among Frankfurt, Hamburg and all other German stock exchanges 18 million ordinary shares Segment: Prime Standard 16 million preferred shares Branch: Industry Stock index: SDAX Security identification numbers (pre
Slide 51: Jungheinrich. Machines. Ideas. Solutions.
GUNGHEINRICH Machines. Ideas. Solutions.