Krones Ag · XETR:KRN
Krones — FY2013 Earnings Presentation
17 slides from Krones's earnings presentation, Mar 19, 2014
Slide 1: Profitable growth – Conference Call January–December 2013
krones 1｜ krones Highlights Sample text2013 Profitable growth Conference Call January – December 2013 March 19, 2014
Slide 2: Highlights 2013
krones 2｜ krones Highlights Sample text2013 Highlights 2013 KRONES continues solid, profitable growth trend − Revenue improved by 5.7% from €2,664.2 million in 2012 to €2,815.7 million in 2013 slightly above expectation. − KRONES generated an EBT margin of 6.0% in 2013 and managed to reach the top e
Slide 3: With a 3.2% Increase in Orders received KRONES is according to Plan
krones 3｜ krones Highlights Sample text2013 With a 3.2% Increase in Orders received KRONES is according to Plan Trend by region Orders on hand Orders received 2011 2012 2013 in mio. € in mio. € +3% +8% Central Europe +0% +6% 2.809 2.721 Western Europe 999 992 2.514 705 753 -6% 942 +21% Q4 Eastern Eu
Slide 4: Sales increased by 5.7% in 2013
krones 4｜ krones Highlights Sample text2013 Sales increased by 5.7% in 2013 Sales Sales per Region (in mio. €) +7% +6% Germany 292.4 10.4 % 2.816 Central Europe 90.6 3.2 % 2.664 2.480 Western Europe 459.3 16.4 % Eastern Europe 74.3 2.6 % CIS and Central Asia 109.9 3.9 % Middle East/Africa 454.1 16.1
Slide 5: EBT-Margin increased significantly based on higher Productivity
krones 5｜ krones Highlights Sample text2013 EBT-Margin increased significantly based on higher Productivity EBT in mio. € +73% Material costs 1,325.3 1,377.8 1,271.8 169.7 1,118.9 51.2 50.8 50.0 +31% 49.2 +5% 97.9 2010 2011 2012 2013 74.6 6.0 Material costs to total performance in % 70.8 3.7 3.3 Per
Slide 6: Currency Risk at Krones Group
krones 6｜ krones Highlights Sample text2013 Currency Risk at Krones Group Transaction risk Translation risk Market risk − Main machine business is − Main part of the total − The F/X development in Euro or is hedged performance is in Euro affects the CAPEX calculation of the − Service business is a s
Slide 7: Product Filling and Decoration: Improvement of Profitability
krones 7｜ krones Highlights Sample text2013 Product Filling and Decoration: Improvement of Profitability Sales development +6% +3% 2,258 2,332 2,137 Key Topics 2013 − Regionalization of the LCS business 2011 2012 2013 − Cost reduction program to compensate future cost increases EBT development − Exp
Slide 8: Process Technology: Strong Sales Growth
krones 8｜ krones Highlights Sample text2013 Process Technology: Strong Sales Growth Sales development +24% +18% 387 312 260 Key Topics 2013 − Expansion of the component business (Operativ start of Evoguard in 2014 and Acquisition of HST Homogenizers) 2011 2012 2013 − Extension of the product portfol
Slide 9: KOSME below Expectation
krones 9｜ krones Highlights Sample text2013 KOSME below Expectation Sales development +3% +13% 97 94 83 Achievements 2013 − Further development of the LCS business − Repositioning in the Food and Health care market major orders from this industry 2011 2012 2013 Missed expectations 2013 EBT developme
Slide 10: ROCE and Working Capital (KRONES Group)
10 krones ｜kronesSample text Highlights 2013 ROCE and Working Capital (KRONES Group) ROCE Working Capital 16,7 % 15,1 % 15,6 % 15,3 % 25,7 % 24,2 % 25,2 % 25 % 21,2 % 24 % Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Average 2012 Average 2013 KRONES generated a ROCE of 16,7%; target fully achieved Working Capital was re
Slide 11: Working Capital and Financing
11 krones ｜kronesSample text Highlights 2013 Working Capital and Financing Working capital as % of sales Net cash – Funds less liabilities to banks 240 in million € 32.0 32.7 32.1 26.5 26.6 26.0 25.0 24.1 147 136 133 125 108 57 53 2006 2007 2008 2009 2010 2011 2012 2013 2006 2007 2008 2009 2010 2011
Slide 12: Free Cash flow doubled in 2013
12 krones ｜kronesSample text Highlights 2013 Free Cash flow doubled in 2013 2013 2012 Earnings before tax in €m 169.7 97.9 +/- non-cash expenses and income in €m 125.8 10.5 +/- change in Working Capital in €m -85.4 58.8 +/- other (mainly tax payments) in €m -36.1 -30.6 Cash flow from operating activ
Slide 13: Balance Sheet in € million
13 krones ｜kronesSample text Highlights 2013 Balance Sheet in € million Assets 2,238 Total Equity and liabilities 2,238 Total 2,045 2,070 Property, plant and 2,070 2,045 equipment, 605 (27%) intangible assets and 555 (27%) 587 (28%) financial assets 797 (39%) 953 (43%) 762 (37%) Non-current assets 3
Slide 14: Targets for 2014
14 krones ｜kronesSample text Highlights 2013 Targets for 2014 In 2014, KRONES will focus even further on the value strategy for profitable growth. KRONES is confident to achieve the three targets: − Revenue growth of 4% − EBT Margin of around 6.2% − ROCE above 16%
Slide 15: Thank you! Vielen Dank!
15 krones ｜kronesSample text Highlights 2013 Thank you! Vielen Dank!
Slide 16: Financial calendar
16 krones ｜kronesSample text Highlights 2013 Financial calendar Conference Call 30.04.2014 (Annual report 2013) Interim report 30.04.2014 as per March 31th 2014 Olaf Scholz Senior Vice President Investor Relations and International Group Accounting Annual General Meeting 25.06.2014 Phone +49 9401 /
Slide 17: Disclaimer
17 krones ｜kronesSample text Highlights 2013 Disclaimer This investor presentation contains forward-looking statements that are based on current estimates, forecasts and assumptions made by KRONES AG management to the best of its knowledge and other information currently available to KRONES AG. The