Agfa-gevaert Nv · EURONEXT:AGFB
Agfa-gevaert Nv — Q3 2018 Earnings Presentation
18 slides from Agfa-gevaert Nv's earnings presentation, Nov 7, 2018
Slide 1: Q3 2018 Results
Q3 2018 Results 7 November 2018
Slide 2: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q3'17 Q3'18 ∆% 9M'17 9M'18 ∆% (excl. X-rate) (excl. X-rate) Sales 593 539 -9.1%(-7.9%) 1.803 1.647 -8.6%(-5.2%) Gross Profit* 195 171 -12,1% 600 529 -11,8% as a % of sales 32,9% 31,8% 33,3% 32,1% SG&A* -117 -115 -1,7% -375 -355 -5,5% SG&A as % of sales 19
Slide 3: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q3'17 Q3'18 ∆% 9M '17 9M '18 ∆% Recurring EBIT* 40 21 -47,0% 113 81 -28,3% Restructuring and non-recurring -9 -15 -14 -28 Operating result 31 6 99 53 Non-operating result -8 -11 -28 -31 Share of result of equity accounted investees - net of income tax 0 -
Slide 4: Net Financial Debt (in million Euro)
Net Financial Debt (in million Euro) 102 99 94 83 58 52 55 40 31 27 Q1’17 22 18 19 -18 -37 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 4
Slide 5: Working Capital: Key Figures (in million Euro/days)
Working Capital: Key Figures (in million Euro/days) Q4 2017 Q3 2018 Inventories (Mio Eur) 476 536 • DIOH in days 105 125 Trade Receivables, Contract Assets, 393 357 Contract liabilities (Mio Eur) • DSO in days 55 59 Trade Payables (Mio Eur) (224) (241) • DPO in days 50 56 Trade Working Capital (Mio
Slide 6: Main Group Drivers behind Key Figures
Main Group Drivers behind Key Figures Q3 2018 • The Agfa-Gevaert Group’s top line evolution was strongly impacted by the product portfolio reorganization in the Agfa Graphics business group’s prepress business. Excluding portfolio rationalizations and currency effects, the Group’s revenue decline am
Slide 7: Graphics
Graphics AGFA
Slide 8: Graphics: YTD Sales per Business Segment
Graphics: YTD Sales per Business Segment 9M 2018 100% = 777 million Euro Inkjet, Software, Service 25% Analog Digital Prepress Prepress 10% 65% 8
Slide 9: Graphics: Key Figures (in million Euro)
Graphics: Key Figures (in million Euro) Q3'17 Q3'18 ∆% 9M'17 9M'18 ∆% (excl. curr.) (excl. curr. ) Sales 284 257 -9.6%(-9.5%) 893 777 -13.0%(-9.6%) Gross Profit* 79 66 -16,4% 262 206 -21,3% as a % of sales 27,8% 25,6% 29,3% 26,5% SG&A* -59 -58 -2,5% -190 -178 -6,5% as % of sales 20,8% 22,6% 21,3% 22
Slide 10: Graphics: Main Drivers behind Key Figures
Graphics: Main Drivers behind Key Figures Q3 2018 • Excluding the effects of the decision to discontinue certain prepress-related reseller activities in the US and currency effects, Agfa Graphics’ top line decreased by 3.8%, which is markedly better than in the previous quarters of the year. The mai
Slide 11: HealthCare
HealthCare AGFA
Slide 12: HealthCare: YTD Sales per Business Segment
HealthCare: YTD Sales per Business Segment 9M 2018 100% = 723 million Euro Hardcopy 26% Classic Radiology 5% CR/DR 19% Imaging IT Solutions* HCIS 31% 19% HealthCare IT = 50% * Includes Radiology and Cardiology IT 12
Slide 13: HealthCare: Key Figures (in million Euro)
HealthCare: Key Figures (in million Euro) Q3'17 Q3'18 ∆% 9M'17 9M'18 ∆% (excl. curr.) (excl. curr. ) Sales 258 236 -8.5%(-6.0%) 761 723 -4.9%(-1.0%) Gross Profit* 105 95 -9,9% 301 285 -5,4% as a % of sales 40,7% 40,0% 39,6% 39,3% SG&A* -52 -52 -1,2% -167 -159 -4,6% as % of sales 20,2% 21,8% 21,9% 22
Slide 14: HealthCare: Main Drivers behind Key Figures
HealthCare: Main Drivers behind Key Figures Q3 2018 • Excluding currency effects, Agfa HealthCare’s revenue decreased by 6.0%. Following a recovery in the first six months of the year, sales for the Imaging segment’s hardcopy business slowed down in the third quarter due to certain late effects of t
Slide 15: Specialty Products
Specialty Products AGFA
Slide 16: Specialty Products: Key Figures (in million Euro)
Specialty Products: Key Figures (in million Euro) Q3'17 Q3'18 ∆% 9M'17 9M'18 ∆% (excl. curr.) (excl. curr. ) Sales 50 45 -9.1%(-9.2%) 148 146 -1.3%(0.0%) Gross Profit* 11 11 -2,1% 37 38 2,5% as a % of sales 22,0% 24,4% 25,0% 26,3% SG&A* -5 -6 1,1% -18 -17 -4,2% as % of sales 10,0% 12,5% 12,2% 11,9%
Slide 17: Specialty Products: Main Drivers behind Key Figures
Specialty Products: Main Drivers behind Key Figures Q3 2018 • Agfa Specialty Products’ top line decreased by 9.1% to 45 million Euro, mainly due normal fluctuations in the contract business and the effect of the lower silver price. Synaps Synthetic Paper and the Specialty Chemicals business (includi
Slide 18: Questions & Answers
Questions & Answers AGFA