Rockwool A/S Class A · OMXCOP:ROCK_A
Rockwool A/S Class A — H1 2009 Earnings Presentation
10 slides from Rockwool A/S Class A's earnings presentation, Aug 27, 2009
Slide 1: H1 2009 results conference call
H1 2009 results conference call 27 August 2009 CFO Gilles Maria VP Thorkild Diness Jensen 1 1
Slide 2: Forward-looking statement
Forward-looking statement The statements on the future in this presentation, including expected sales and earnings, are associated with risks and uncertainties and may be affected by factors influencing the activities of the group, e.g. the global economic environment, including interest and exchang
Slide 3: Net sales H1
Net sales H1 Market conditions in Q2 even tougher than in Q1 resulting in sales decrease by 21% 6698 7000 6577 6500 6000 5304 5500 5203 5000 4490 DKK mill. 4500 4000 3500 3000 26% 2500 18% 2000 1500 1000 500 0 -500 -2% -1000 -1500 -21% -2000 -2500 2005 2006 2007 2008 2009 Net sales Changes 3 3
Slide 4: EBIT H1
EBIT H1 ratio stands at 3.5% of net sales reflecting sales price decrease and still low benefit from input costs 1301 1250 1100 DKK mill. 950 800 773 650 500 459 320 350 183% 200 177 43% 50 -77% -41% -100 2005 2006 2007 2008 2009 EBIT Changes 4 4
Slide 5: EBIT H1 per business segment
EBIT H1 per business segment 1350 1230 1250 1150 1050 950 DKK mill. 850 750 662 650 550 450 361 350 297 250 104 160 150 59 50 16 7 41 58 6 53 12 -50 -36 2005 2006 2007 2008 2009 Insulation Systems Division Elim. & Holding companies 5 5
Slide 6: Profit H1 after minority interests
Profit H1 after minority interests 1000 905 900 800 700 DKK mill. 600 538 500 400 303 300 200 200 90 100 0 2005 2006 2007 2008 2009 6 6
Slide 7: Investments and acquisitions H1
Investments and acquisitions H1 1500 1392 1250 DKK million 1000 932 750 750 659 449 168 500 440 411 491 250 460 310 0 2005 2006 2007 2008 2009 Maintenance CAPEX Capacity program 7 7
Slide 8: Cost reduction programme (accumulated figures)
Cost reduction programme (accumulated figures) 600 550 500 450 400 Mill DKK 350 300 250 200 150 100 50 0 2H 2008 1H 2009 2H 2009 1H 2010 Savings plan A Savings plan B Plan A Q3 2008 Additional Plan B Q2 2009 8 8
Slide 9: Expectations for 2009
Expectations for 2009 Net sales are now expected to decrease by 22% (or 18% based on comparable exchange rates). Net profit for the year is reduced to DKK 200 million including DKK 85 million for restructuring and reorganization costs, equivalent to an operational EBIT ratio around 4.5%. Capit
Slide 10: Questions
Questions ROCKWOOL www.stoplocalwarming.com STOP LOCAL WARMING