Kardex Holding Ag · SIX:KARN
Kardex — FY2017 Earnings Presentation
22 slides from Kardex's earnings presentation, Mar 1, 2018
Slide 1: Media and Analysts Conference
Media and Analysts Conference 1 March 2018
Slide 2: Agenda
Agenda Introduction T. Reist, CFO Financials 2017 T. Reist, CFO Division Reports Kardex Remstar and Kardex Mlog J. Fankhänel, CEO Strategy and Outlook J. Fankhänel, CEO Questions and Answers Media and Analysts Conference - YEC 2017 | 01.03.2018 | 2
Slide 3: Introduction
Introduction Thomas Reist, CFO Media and Analysts Conference - YEC 2017 | 01.03.2018 | 3
Slide 4: Highlights and Key Achievements 2017
Introduction Highlights and Key Achievements 2017 ▪ Kardex Group improves EBIT significantly ▪ Kardex Remstar shows continued profitable Growth ▪ Kardex Mlog reports stable result ▪ Positive market environment leads to considerably increased order backlog ▪ Free cash flow covers higher payout Media
Slide 5: Key Figures 2013–2017 (in EUR millions)
Introduction Key Figures 2013–2017 (in EUR millions) Net revenues Operating result (EBIT) and EBIT margin 500 50 12.2% CAGR 5.6% CAGR 16.5% 11.5% 400 40 11.0% 300 30 9.5% 8.2% 200 20 41 46 338 359 376 37 302 309 29 100 10 25 0 0 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Net cash flow from op
Slide 6: Financials 2017
Financials 2017 Thomas Reist, CFO Media and Analysts Conference - YEC 2017 | 01.03.2018 | 6
Slide 7: Income Statement
Financials 2017 Income Statement EUR millions 2017 in % 2016 in % +/- in % Bookings 411.9 109.5% 373.6 104.2% 10.3% Order Backlog (31.12.) 173.6 46.2% 137.8 38.4% 26.0% Net revenues 376.1 100.0% 358.5 100.0% 4.9% Gross profit 135.7 36.1% 128.4 35.8% 5.7% OPEX 89.7 23.9% 87.1 24.3% 3.0% EBIT 46.0 12.
Slide 8: Income Statement
Financials 2017 Income Statement EUR millions 2017 in % 2016 in % +/- in % EBIT 46.0 12.2% 41.3 11.5% 11.4% Financial result, net -1.5 -0.4% -1.4 -0.4% -7.1% EBT 44.5 11.8% 39.9 11.1% 11.5% Income tax -12.7 -3.4% -9.1 -2.5% -39.6% Tax rate 28.5% 22.8% Result for the period 31.8 8.5% 30.8 8.6% 3.2% ▪
Slide 9: Balance Sheet
Financials 2017 Balance Sheet EUR millions 2017 2016 +/- +/- in % Non-current assets 37.6 37.4 0.2 0.5% Current assets 202.6 194.6 8.0 4.1% thereof cash and cash 114.9 105.7 9.2 8.7% equivalents Assets 240.2 232.0 8.2 3.5% Equity 139.0 138.2 0.8 0.6% Equity ratio 57.9% 59.6% Liabilities 101.2 93.8 7
Slide 10: Cash Flow Statement
Financials 2017 Cash Flow Statement EUR millions 2017 2016 +/- +/- in % Net CF from operating activities 46.0 24.2 21.8 90.1% Net CF from investing activities -11.4 -7.8 -3.6 -46.2% thereof acquisitions -4.6 - -4.6 n. a. Free cash flow 34.6 16.4 18.2 111.0% Net CF from financing activities -23.4 -23
Slide 11: Division Reports Kardex Remstar and Kardex Mlog
Division Reports Kardex Remstar and Kardex Mlog Jens Fankhänel, CEO Media and Analysts Conference - YEC 2017 | 01.03.2018 | 11
Slide 12: Division Kardex Remstar - Financial Highlights 2017
Division Reports Kardex Remstar and Kardex Mlog Division Kardex Remstar - Financial Highlights 2017 EUR millions 2017 2016 +/- % ▪ New Business with double digit bookings increase Bookings 336.9 289.3 16.5% ▪ Europe and North America major contributors Order backlog 124.6 90.4 37.8% to bookings grow
Slide 13: Division Kardex Remstar - Key Figures 2013-2017 (in EUR millions)
Division Reports Kardex Remstar and Kardex Mlog Division Kardex Remstar - Key Figures 2013-2017 (in EUR millions) Net revenues Operating result (EBIT) and EBIT margin 300 60 250 50 14.7% 13.3% 14.2% 200 40 11.7% 150 284 303 30 10.5% 251 273 235 44 100 20 36 40 25 29 50 10 0 0 2013 2014 2015 2016 201
Slide 14: Division Kardex Mlog - Financial Highlights 2017
Division Reports Kardex Remstar and Kardex Mlog Division Kardex Mlog - Financial Highlights 2017 EUR millions 2017 2016 +/-% ▪ Stable EBIT with slightly increases profitability at lower revenues level Bookings 75.1 84.7 -11.3% ▪ Gross profit margin increased despite higher Order backlog 49.1 47.5 3.
Slide 15: Division Kardex Mlog - Key Figures 2013-2017 (in EUR millions)
Division Reports Kardex Remstar and Kardex Mlog Division Kardex Mlog - Key Figures 2013-2017 (in EUR millions) Net revenues Operating result (EBIT) and EBIT margin 100 5 80 4 5.1% 5.3% 5.3% 60 3 3.4% 40 75 74 2 3.8 3.9 67 65 1.8% 3.4 58 20 1 2.0 1.2 0 0 2013 2014 2015 2016 2017 2013 2014 2015 2016 2
Slide 16: Strategy and Outlook
Strategy and Outlook Jens Fankhänel, CEO Media and Analysts Conference - YEC 2017 | 01.03.2018 | 16
Slide 17: Significant potential for profitable growth in the right solution categories
Kardex Strategy and Outlook Significant potential for profitable growth in the right solution categories Media and Analysts Conference - YEC 2017 | 01.03.2018 | 17
Slide 18: Division Kardex Remstar - Main strategic growth drivers
Kardex Strategy and Outlook Division Kardex Remstar - Main strategic growth drivers Geographical Leverage Customer Leverage Industry Expansion Segments Segments ▪ Further implement ▪ Intensify account ▪ Increase penetration of revised business plan management for – E-Commerce North America existing
Slide 19: Division Kardex Mlog - Main strategic growth drivers
Kardex Strategy and Outlook Division Kardex Mlog - Main strategic growth drivers Geographical Leverage Customer Leverage Industry Expansion Segments Segments ▪ Increase revenue ▪ Intensify account ▪ Increase penetration of proportion in selected management for existing – Food and beverage countries
Slide 20: Assumptions and Expectations for 2018
Kardex Strategy and Outlook Assumptions and Expectations for 2018 ▪ Continued global demand for efficient intralogistics solutions ▪ Both divisions with selected investments into technology base ▪ Kardex Remstar with increased market share and sustained profitable growth, driven by geographical expa
Slide 21: Questions and Answers
Questions and Answers Media and Analysts Conference - YEC 2017 | 01.03.2018 | 21
Slide 22: Disclaimer
Media and Analysts Conference Kardex Group March 2018 Disclaimer This communication contains statements that constitute “forward-looking statements”. In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operati