EDAG Engineering Group AG · XETR:ED4
EDAG Engineering — Q3 2016 Earnings Presentation
15 slides from EDAG Engineering's earnings presentation, Nov 11, 2016
Slide 1: Q3 2016 Analyst-Call
Q3 2016 Analyst-Call Wiesbaden, November 11th, 2016
Slide 2: Disclaimer
Disclaimer For the purposes of the following disclaimer, references to “this Presentation” shall be deemed to include references to this document, the presenters’ speeches, the question and answer session and any other related verbal or written communications. The information contained in this P
Slide 3: Content
Content 1 Overview Q3 figures 2 Outlook – Financial Year 2016 Slide 3 © Copyright 2016 EDAG Engineering Group AG. All rights reserved. Analyst Presentation – Q3 2016
Slide 4: Business Development Q1-Q3 2016
Business Development Q1-Q3 2016 Core Revenues flat at 533 m€ Growth in Vehicle Development and Production Solutions, decrease in Electrics/Electronics Core adjusted EBIT down from 55.1 m€ to 32.7 m€ Margin down from 10.3% to 6.1% Equity ratio up from 29.4% to 32.9% (yoy) Headcount edged
Slide 5: Revenues
Revenues (1) (2) Core Revenue [m€] Revenues by Segment [m€] change to Q1-3 2015 Vehicle Engineering +0,3% 533.9 533.2 Electrics / Electronics -3.2% Production Solutions +0.9% [m€] 87.8 113.8 338.7 Q1-Q3 2015 Q1-Q3 2016 1. Revenue defined as sales revenue plus change in inventories; Core defined as t
Slide 6: Adjusted EBIT
Adjusted EBIT (1) Core adjusted EBIT [m€] Adjusted EBIT by Segment margin -40.7% Q1-3 2015 Q1-3 2016 Vehicle Engineering 10.3% 6.5% 55.1 Electrics / Electronics 8.0% 1.5% Production Solutions 12.4% 10.2% 32.7 [m€] 9.0 1.8 22.0 10.3% 6.1% Q1-Q3 2015 Q1-Q3 2016 1. Core defined as total excluding segme
Slide 7: Development of EAT and Headcount
Development of EAT and Headcount Decrease of EAT to 13.6 m€ 27.4 EAT [m€] Lower income from companies using the equity method Increased tax ratio 13.6 Q1-Q3 2015 Q1-Q3 2016 Headcount increased by 274 employees Headcount (1) (yoy) 8.063 8.337 Growth of 3.4% compared to Q3 2015 In Q3 staff
Slide 8: Development of CapEx and Equity ratio
Development of CapEx and Equity ratio CapEx with slight increase CapEx [m€] levels at about 4.2% of revenues 22.3 21 3.9% 4.2% Q1-Q3 2015 Q1-Q3 2016 Equity ratio went up from 29.4% to 32.9% Equity ratio Total equity at September 30th amounts to 32.9% 145 m€ (146.5 m€ at Sep. 30th 2015) 29.4%
Slide 9: Cash Flow
Cash Flow Operating CF [m€] Free CF [m€] 10.3 Q1-Q3 2015 Q1-Q3 2016 Q1-Q3 2015 Q1-Q3 2016 -11.7 -16.3 -32.3 Slide 9 © Copyright 2016 EDAG Engineering Group AG. All rights reserved. Analyst Presentation – Q3 2016
Slide 10: Net financial debt
Net financial debt Net financial debt [m€] 1.9x 1.8x 110.4% 91.0% 161.7 131.9 189.6 146.2 -26.9 -14.1 -0.8 0.0 -0.2 -0.2 30.09.2015 30.09.2016 Financial debt Cash and cash equivalents Cash pool receivables x Net financial debt / Adj. EBITDA (LTM) Other financial assets x Net Gearing (Net financial d
Slide 11: Trade Working Capital
Trade Working Capital Trade Working Capital [m€] 177.9 174.8 228.0 214.8 1.6 2.3 -51.7 -42.4 30.09.2015 30.09.2016 Trade receiveables Inventories Trade payables Slide 11 © Copyright 2016 EDAG Engineering Group AG. All rights reserved. Analyst Presentation – Q3 2016
Slide 12: Overview on savings program
Overview on savings program program I program II Target 2016 up to 5 ~4 [m€] • one-offs • Supplemen- tary selective measures ~11 ~6,7 • Continued effects from H1 • Further reduction of external services • Review of invest • Improvement of productivity 10 m€ ~3,3 • Savings in staff expenses • Procure
Slide 13: Content
Content 1 Overview Q3 figures 2 Outlook – Financial Year 2016 Slide 13 © Copyright 2016 EDAG Engineering Group AG. All rights reserved. Analyst Presentation – Q3 2016
Slide 14: Outlook
Outlook 2016 Continued challenging market conditions Situation at key customers is gradually improving Cost savings come into effect and contribute to margin For the full year 2016, we expect revenues at or slightly above previous year´s level and an adjusted EBIT-margin of 6-8% 2017 et seq.
Slide 15: Questions / Answers
Questions / Answers Slide 15 © Copyright 2016 EDAG Engineering Group AG. All rights reserved. Analyst Presentation – Q3 2016
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