Slide 1: Q1 2012 Results
Q1 2012 Results 9 May 2012 AGFA &
Slide 2: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q1 '11 Q1 '12 ∆% (excl. curr. ) Sales 736 734 -0.3%(-2.0%) Gross Profit* 231 208 -10.0% as a % of sales 31.4% 28.3% SG&A* -146 -144 -1.4% as a % of sales 19.8% 19.6% R&D* -43 -44 2.3% Other operating items* -2 1 Recurring EBITDA* 63 43 -31.7% as a % of sa
Slide 3: Net Financial Debt (in million Euro)
Net Financial Debt (in million Euro) 661 569 500 445 434 391 398 313 339 267 291 161 189 Q1'09 Q2'09 Q3'09 Q4'09 Q1'10 Q210 Q3'10 Q4'10 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 3
Slide 4: Working Capital: Key Figures (in million Euro/days)
Working Capital: Key Figures (in million Euro/days) 800 Inventories 800 Trade Receivables* 800 Trade Payables 700 717719 700 720726 700 688 688 681 600 633 627 639 639 600 600 605607 591 585 583 575 577 543 539 500 514 500 521532 527 500 483 482 496 487 469473471 467 476 400 400 438 400 300 300 300
Slide 5: Main Group Drivers behind Key Figures
Main Group Drivers behind Key Figures Q1 2012 • Revenue remained stable year-on-year • Film volumes declined year-on-year, but the recent trend is improving • Gross profit margin recovered quarter-on-quarter but decreased year-on- year mainly due to higher raw material costs • SG&A % totalled to 19.
Slide 6: Profit & Loss: Key Figures (in million Euro)
Profit & Loss: Key Figures (in million Euro) Q1 '11 Q1 '12 ∆% Recurring EBIT* 40 21 -47.5% Restructuring and non-recurring -8 -10 Operating result 32 11 -65.6% Non-operating result -23 -30 Profit before taxes 9 -19 Taxes -4 -7 Net result 5 -26 attributable to the owners of the company 5 -27 attribut
Slide 7: Graphics
Graphics AGFA &
Slide 8: Graphics: Key Figures (in million Euro)
Graphics: Key Figures (in million Euro) Q1 '11 Q1 '12 ∆% (excl. curr.) Sales 386 396 2.6% (0.3%) Gross Profit* 111 100 -9.9% as a % of sales 28.8% 25.3% SG&A* -80 -79 -1.3% as a % of sales 20.7% 20.0% R&D* -13 -14 7.7% Other operating items* -1 0 Recurring EBITDA* 27.3 17.4 -36.3% as a % of sales 7.
Slide 9: Graphics: Main Drivers behind Key Figures
Graphics: Main Drivers behind Key Figures Q1 2012 • Sales increased by 2.6% • Wide format industrial inkjet showed double-digit growth • Volumes in digital prepress continued to grow, but were counter-balanced by competitive pressure; the volume decline of analog prepress was offset by the film pric
Slide 10: Graphics: YTD Sales per Business Segment
Graphics: YTD Sales per Business Segment 1Q 2012 100% = 396 million Euro Inkjet, Software, Service 17% Analog Prepress 18% Digital Prepress 65% 10
Slide 11: HealthCare
HealthCare AGFA &
Slide 12: HealthCare: Key Figures (in million Euro)
HealthCare: Key Figures (in million Euro) Q1 '11 Q1 '12 ∆% (excl. curr.) Sales 287 278 -3.1%(-4.2%) Gross Profit* 107 100 -6.5% as a % of sales 37.3% 36.0% SG&A* -59 -58 -1.7% as a % of sales 20.6% 20.8% R&D* -27 -27 0.0% Other operating items* 0 0 Recurring EBITDA* 31.8 25.3 -20.4% as a % of sales
Slide 13: HealthCare: Main Drivers behind Key Figures
HealthCare: Main Drivers behind Key Figures Q1 2012 • Revenue decreased by 3.1% • In Imaging, the market-driven decline in X-ray film continued, while the digital radiography business was influenced by product mix effects • In IT, Imaging IT revenue remained stable and Enterprise IT grew significant
Slide 14: HealthCare: YTD Sales per Business Segment
HealthCare: YTD Sales per Business Segment 1Q 2012 100% = 278 million Euro Hardcopy 31% Classic Radiology 11% CR/Modalities 19% Imaging IT* HIS/CIS 27% 12% HealthCare IT = 39% * Includes Radiology and Cardiology IT 14
Slide 15: Specialty Products
Specialty Products AGFA &
Slide 16: Specialty Products: Key Figures (in million Euro)
Specialty Products: Key Figures (in million Euro) Q1 '11 Q1 '12 ∆% (excl. curr. ) Sales 63 60 -4.8%(-5.2%) Gross Profit* 13 8 -38.5% as a % of sales 20.6% 13.3% SG&A* -6 -6 0.0% as a % of sales 9.5% 10.0% R&D* -3 -3 0.0% Other operating items* 0 1 Recurring EBITDA* 4.6 0.9 -80.4% as a % of sales 7.3
Slide 17: Specialty Products: Main Drivers behind Key Figures
Specialty Products: Main Drivers behind Key Figures Q1 2012 • Revenue decreased by 4.8%: while the security business posted satisfactory growth, the PCB film business and the Orgacon™ business continued to suffer from the slowdown in the electronics business • Gross margin decreased due to adverse p
Slide 18: Questions & Answers
Questions & Answers AGFA &