Krones Ag · XETR:KRN
Krones — FY2012 Earnings Presentation
18 slides from Krones's earnings presentation, Mar 21, 2013
Slide 1: Krones – We do more
krones Beispieltext We do more.｜1
Slide 2: Orders received
krones Beispieltext We do more.｜2 Orders received Trend according to regions Orders on hand (in million euros) 2010 2011 2012 +8% +15% Central Europe +1% +15% 2,721 –18% 2,514 Western Europe 753 2,300 2,326 +21% 2,194 621 Q4 Eastern Europe 537 456 –15% +8% +6% 1,916 576 +15% CIS/Central Asia 502 +10
Slide 3: Sales according to Region
krones Beispieltext We do more.｜3 Sales according to Region Sales share according to market type Growth 62% markets Mature 38% markets KRONES achieved 38% of ist sales in mature and 62% in growth markets
Slide 4: Sales development in the Group in million €
krones Beispieltext We do more.｜4 Sales development in the Group in million € Sales development in the Group Sales Q1 – Q4 +7% +10% +14% +13% –22% +7% +17% 2,664 +13% +14% 2,480 +10% –22% 2,664 2,381 +17% +13% 2,480 2,156 1.865 2,173 2,381 2,173 766 1,911 2,156 +15% 1,865 616 666 +13% 1,695 1,911 +5
Slide 5: Earnings development
krones Beispieltext We do more.｜5 Earnings development EBT development in million euro Q1 – Q4 (without Le Nature´s) +2% –125% +40% without Le Nature´s 153.6 156.1 +20% 135.7 +40% +2% 109.6 111.3 +22% 153.6 156.1 91.2 +57% 29.3 135.7 97.9 - 40% 48.6 + 46% 47.5 70.8 109.6 111.3 74.6 35.0 -39,3 + 19%
Slide 6: Machines and lines for product bottling and decoration (operating)
krones Beispieltext We do more.｜6 Machines and lines for product bottling and –decoration (operating) Sales development +6% +15% 2.265 2.137 1.860 Key Topics 2013 Internationalization of the LCS business Cost reduction program to compensate future cost 2010 2011 2012e increases Expansion of mo
Slide 7: Machines and lines for beverage production/process technology and material flow technology
krones Beispieltext We do more.｜7 Machines and lines for beverage production/process technology and material flow technology Sales development +18% +12% 260 306 Key Topics 2013 232 Executed measures for the material flow technology and intralogistic 2010 2011 2012e Expansion of the component bus
Slide 8: Machines and lines for the lower output range (KOSME)
krones Beispieltext We do more.｜8 Machines and lines for the lower output range (KOSME) Sales development +4% +13% 94 81 83 Key Topics 2013 Balanced production utilization during the year 2010 2011 2012e Further development of the LCS business EBT development Repositioning in the Food and Heal
Slide 9: Working Capital and Financing
krones Beispieltext We do more.｜9 Working Capital and Financing Working capital as % of sales Net cash – Funds less liabilities to banks in million € 147 136 133 32.0 30.7 125 29.5 27.6 Benchmark 20% 108 23.6 22.5 22.8 19.4 57 53 52 2005 2006 2007 2008 2009 2010 2011 2012e 2005 2006 2007 2008 2009 2
Slide 10: ROCE and Working Capital (KRONES group)
krones Beispieltext We do more.｜10 ROCE and Working Capital (KRONES group) ROCE Working Capital in % in Mio. € Target 2013 27.1% 27.4% 26.1% 13.5% 13.2% 13.6% 19.4% 12.2% 685 689 670 517 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2012 2012
Slide 11: Depreciation and Investments in million €
krones Beispieltext We do more.｜11 Depreciation and Investments in million € Depreciation Investments Factor: investments vs. tax depreciation allowance +4% 1.7 1.6 2.0 2.2 1.5 1.3 1.5 1.4 +15% –21% +30% 76.7 70.3 +25% 111.9 106.0 110.8 –8% 30.8 59.6 60.7 –1% 97.5 24.0 28.0 14.6 88.2 Capitalised 49.
Slide 12: Cash Flow in million €
krones Beispieltext We do more.｜12 Cash Flow in million € 2012 2011 Earnings before tax: 97.9 m € 74.6 m € +/- non-cash expenses and income +/- change in Working Capital Cash Flow from operating activities 136.6 m € 94.1 m € +/- Capex, mainly intangible Assets and - 105.0 m € - 101.5 m € property, p
Slide 13: Personnel costs and trends in employee numbers
krones Beispieltext We do more.｜13 Personnel costs and trends in employee numbers Personnel costs in million euros Number of employees (31.12.2012) +5% Group employees (average over the year) +8% 8,865 9,169 9,834 10,001 10,221 10,799 11,487 11,963 -1% +3% 11,389 777.4 +8% 2,887 738.4 +2% 2,502 +15%
Slide 14: Dividend performance and dividend policy
krones Beispieltext We do more.｜14 Dividend performance and dividend policy Issued (in million euros) Dividend per share in € +32% +25% –14% 0.75* 0.70 +50% +14% 22.1 22.6* 0.60 0.60 18.1 18.1 0.53 –100% 0.47 16.9 0.40 14.7 12.1 0,0 0.00 2005 2006 2007 2008 2009 2010 2011 2012e 2005 2006 2007 2008 2
Slide 15: Group figures 2009 – 2012 in summary
krones Beispieltext We do more.｜15 Group figures 2009 – 2012 in summary Financial year 2012e 2011 2010 2009 Sales revenues in billion € 2.66 (+7%) 2.48 (+14%) 2.17 (+17%) 1.86 (–22%) EBT in million € 98 (+31%) 75 (+15%) 71 (–) –39 (–) Consolidated earnings in million € 67 (+52%) 44 (+5%) 51 (–) –34
Slide 16: Thank you!
krones Beispieltext We do more.｜16 Thank you!
Slide 17: Financial Calendar
krones Beispieltext We do more.｜17 Financial Calendar Balance Sheet 24.04.2013 Press Conference (Munich) (Annual report 2012 and first quarter 2013) Olaf Scholz Senior Vice President Annual General Meeting 19.06.2013 Investor Relations and International Group Accounting (Neutraubling) Phone +49 9401
Slide 18: Disclaimer
krones Beispieltext We do more.｜18 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 forward-lo