Rieter Holding Ag · SIX:RIEN

Rieter — Investor Presentation (October 2018)

22 slides from Rieter's investor presentation, Oct 31, 2018

  1. Slide 1: Investor Update 2018

    Investor Update 2018 . Media . . and . Investor . . .presentation, . . . .October . . 31, . 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dr. Norbert Klapper, Group CEO . Joris . Gröflin, . .Group. CFO. . . . . . . . . . . . . . . . . . . .

  2. Slide 2: Agenda

    Agenda 1. Key Messages Dr. Norbert Klapper 2. Order Intake 2018 Joris Gröflin 3. Outlook 2018 Dr. Norbert Klapper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investor Update 2018, October 31, 2018 2

  3. Slide 3: Rieter Group – Key Messages

    Rieter Group – Key Messages Order intake of CHF 750 million after nine months In the third quarter, order intake of CHF 238 million Machines & Systems business: Below previous year ‒ low demand from Turkey After Sales business: Slightly below previous year Components business: Stable on previous yea

  4. Slide 4: Essential ‒ Rieter Digital Spinning Suite

    Innovation @ ITMA Asia 2018 Shanghai Focus on Systems and Digitization Connect Describe Diagnose Predict Recommend Self learn Essential ‒ Rieter Digital Spinning Suite UPtime Mobile SPIDERweb App Dashboards Predictive Normative Adaptive Data Collection Datamining & Reports Analytics Analytics Contro

  5. Slide 5: Agenda

    Agenda 1. Key Messages Dr. Norbert Klapper 2. Order Intake 2018 Joris Gröflin 3. Outlook 2018 Dr. Norbert Klapper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investor Update 2018, October 31, 2018 5

  6. Slide 6: Orders by Business Group ‒ Nine Months

    Orders by Business Group ‒ Nine Months Slight decrease in order intake of 2% CHF million • Below prior year: Business Group Machines & Systems -2% with CHF 433.4 million order intake 12% below the first 800 765 750 nine months 2017 (-11% in local currencies) 700 • Slight decrease: Business Group Aft

  7. Slide 7: Rieter Group – Order Intake in Q3

    Rieter Group – Order Intake in Q3 Low demand from Turkey ‒ stable Components CHF million Q3 2018 Q3 Q3 Order intake (Q3 2017) 2018 vs. 2017 • Increase in Asian countries1, especially in Vietnam Machines & 135.7 • Stable development in China -29.2 Systems (164.9) • Weakening of demand in India due to

  8. Slide 8: Agenda

    Agenda 1. Key Messages Dr. Norbert Klapper 2. Order Intake 2018 Joris Gröflin 3. Outlook 2018 Dr. Norbert Klapper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investor Update 2018, October 31, 2018 8

  9. Slide 9: Carsten Liske appointed as Head Business Group Machines & Systems

    Carsten Liske appointed as Head Business Group Machines & Systems The Board of Directors of Rieter Holding AG has appointed Carsten Liske as Head of the Business Group Machines & Systems effective January 1, 2019. Carsten Liske has been with Rieter since 2009. In January 2015, he had been appointed

  10. Slide 10: Outlook 2018

    Outlook 2018 • As announced in July of this year, for 2018 as a whole Rieter anticipates that sales will be above the 2017 figure and EBIT (before restructuring costs) will be below the prior year level. Net profit is expected to be significantly higher than in the previous year, as no extraordinary

  11. Slide 11: Financial Calendar

    Financial Calendar Publication of sales 2018 January 30, 2019 Deadline for proposals regarding the agenda of the Annual General Meeting February 22, 2019 Results press conference 2019 March 13, 2019 Annual General Meeting 2019 April 4, 2019 Semi-Annual Report 2019 July 18, 2019 Investor Update 2018,

  12. Slide 12: Disclaimer

    Disclaimer Rieter is making great efforts to include accurate and up-to-date information in this document, however we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoever

  13. Slide 13: Appendix

    Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investor Update 2018, October 31, 2018 13

  14. Slide 14: Values and Principles

    Values and Principles Investor Update 2018, October 31, 2018 14

  15. Slide 15: Strategic Focus – Mid-Term Targets

    Strategic Focus – Mid-Term Targets Sales Sales growth above market EBIT margin1 ~10% RONA2 ~14% Target pay-out ratio of at least Dividend policy 40% of net profits 1 At sales of ~ CHF 1.3 billion 2 RONA is calculated as net result before interest costs and write-off of financial assets divided by ne

  16. Slide 16: Details on Strategy Implementation

    Details on Strategy Implementation Rieter continues to aim for an EBIT margin of 10%, with sales of around CHF 1.3 billion and a Return On Net Assets (RONA) of 14%. Focus on strategy implementation: • Improve the market position in the machinery and systems business by accelerating the ongoing innov

  17. Slide 17: Earnings Increase Towards 10% EBIT

    Earnings Increase Towards 10% EBIT Strategy with focus on profitability improvement Projection Sales in CHF ~1030 +20 +250 ~1300 million (p.a.) • Machines & Systems break-even • Components profitability 2.6% 0.8% • Innovation & • After Sales at market position 10% 3.9% 166 mCHF sales • Market volume

  18. Slide 18: R&D Expenses

    R&D Expenses Clearly committed to innovation • Accelerate on-going innovation programs at Machines & Systems and at Components 26.4 26.6 23.7 24.4 • Innovative After Sales solutions (e.g. 22.9 23.6 22.8 digitization) • Strong focus on ITMA Barcelona 2019 5.6% 4.6% 5.5% 4.8% 5.2% 4.1% 4.9% HY1 HY2 HY

  19. Slide 19: Order Intake per Business Group

    Order Intake per Business Group CHF million Jan. – Sept. Jan. – Sept. Change Change Change 2018 2017 in without local currency acquisitions Rieter 749.8 765.0 -2% -2% -9% Machines & Systems 433.4 490.1 -12% -11% -11% After Sales 111.3 115.8 -4% -4% -4% Components 205.1 159.1 29% 27% -3% Investor Upd

  20. Slide 20: Financial Key Figures

    Financial Key Figures HY1 2018: EBIT and net profit at the level of HY1 2017 CHF million HY1 2018 HY2 2017 HY1 2017 FY 2017 Order Intake 511.8 556.3 495.2 1 051.5 Sales 515.3 550.4 415.2 965.6 EBITDA before restr. charges 34.6 59.8 34.8 94.6 EBITDA margin (of sales) 6.7% 10.9% 8.4% 9.8% EBIT before

  21. Slide 21: Balance Sheet

    Balance Sheet HY1 2018: Net cash position despite negative free cash flow Decrease in net liquidity vs. December: CHF million 30/06/ 31/12/ 30/06/ 2018 2017 2017 • Dividend of CHF 22.6 million (CHF 5.00 per share) paid out in April 2018 Total assets 1 000.1 1 048.2 1 009.0 • Free cash flow of CHF -5

  22. Slide 22: Profitability Improvement Mid-Term: 14% RONA

    Profitability Improvement Mid-Term: 14% RONA Continued reduction of net asset basis • Reduction of net working capital Net profit by half-year (before • Sale of non-core assets interest cost/CHF million) • Investments below D&A level 50 45 40 HY2 2014 13.7% 35 HY1 2015 HY2 2016 30 12.2% 10.7% 25 20

Rieter Holding — Investor Presentation (October 2018) on 6ix