Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — 9M 2018 Earnings Presentation
12 slides from Rational Aktiengesellschaft's earnings presentation, 2018
Slide 1: A different kind of inspiration
A different kind of inspiration For the professional kitchens of the world RATIONAL AG Telephone Conference on the 9M 2018 figures
Slide 2: Results at a glance
Results at a glance +10% Sales revenue 9M Gross 60% 25% growth EBIT margin margin +9% Sales revenue growth Q3 Gross 60% 26% EBIT margin margin Positive development for both segments Outlook unchanged 2
Slide 3: F/X Rate development
F/X Rate development 9M 2018 compared to 9M 2017 USD BRL CAD SEK JPY -4% -5% -6% -7% +15% -21% +5% F/X Rate development in % 3
Slide 4: Results adjusted for currency effects
Results adjusted for currency effects Currency-neutral growth rates and margins +13% Organic sales revenue growth 9M Gross EBIT margin 60% 26% margin +10% Organic sales revenue growth Q3 Gross EBIT margin 60% 27% margin 4
Slide 5: Organic growth
Organic growth 9M 2018: High sales revenue growth 702 613 564 562 497 509 435 461 +15% +11% +6% +8% +14% +9% +15% +17% +10% 2012 2013 2014 2015 2016 2017 9M 2017 9M 2018 Sales revenue in m EUR Sales revenue growth in % 5
Slide 6: Worldwide success
Worldwide success 9M 2018: Disproportionately high growth in North America Germany (+ 8%) North America 12% (+ 22%) 19% 46% Europe (+ 8%) 13% Asia (+ 14%) (excluding Germany) Latin America 5% (+ 3%) Rest of the world 5% (+ 4%) 6
Slide 7: Good performance in both product segments
Good performance in both product segments VarioCookingCenter® with exceptional growth Sales revenues combi-steamers Sales revenues VarioCookingCenter® +10% 516 469 +15% 40 46 9M 2017 9M 2018 9M 2017 9M 2018 Sales revenues in m EUR Sales revenue growth in % 7
Slide 8: High EBIT margin level
High EBIT margin level 9M 2018: EBIT margin above 25% - currency-adjusted appr. 26% +20% +13% +13% +10% +5% +4% +14% +7% 123 128 145 160 167 188 132 142 m Euro 29 % 28 % 28 % 28 % 27 % 27 % 26 % 25 %* 2012 2013 2014 2015 2016 2017 9M 2017 9M 2018 Change in % * Currency-adjusted EBIT margin 2018: app
Slide 9: Targeted investments for growth and efficiency
Targeted investments for growth and efficiency Investment in employees, infrastructure and products Capital investments Depreciation / amortisation 9 in m Euro
Slide 10: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity 9M 2018 9M 2017 Non-current assets 154 121 Inventories 56 44 Trade receivables 119 109 Other assets 90 90 Liquid funds 137 165 Total assets 556 529 Equity 407 383 Non-current liabilities 27 36 Current provisions 59
Slide 11: RATIONAL shares - 12 months share price development
RATIONAL shares - 12 months share price development +15% +5% 11
Slide 12: RATIONAL
RATIONAL