Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — FY2017 Earnings Presentation
19 slides from Exel Composites Oyj's earnings presentation, Feb 16, 2018
Slide 1: Exel Composites 2017 Financial Statements Review
EXEL COMPOSITES 2017 FINANCIAL STATEMENTS REVIEW January – December 2017 Financial Statements Review 16 February 2018 Exel Composites
Slide 2: 2017 in brief: order intake, revenue and operating profit increased significantly
2017 in brief: order intake, revenue and operating profit increased significantly • Business environment – All markets and customer segments performed well – Industrial Applications and APAC region and China main contributors – Signs towards general market recovery • Operations – Increased revenue i
Slide 3: Q4 was the sixth consecutive quarter when profit improved y-o-y
Q4 was the sixth consecutive quarter when profit improved y-o-y Revenue, EUR million Order intake, EUR million 22.4 20.5 21.4 19.3 19.0 18.3 18.0 20.4 18.7 19.3 16.4 18.2 21.4 23.2 21.4 23.4 19.7 20.2 21.5 17.9 20.3 22.8 18.0 22.5 Q1-Q4 Q1-Q4 Q1-Q4 Q1-Q4 Q1-Q4 Q1-Q4 2015 2016 2017 2015 2016 2017 Adj
Slide 4: Key figures Q1-Q4 2017
Key figures Q1-Q4 2017 1.1.-31.12. 1.1.-31.12. Change, EUR thousand 2017 2016 % Order intake 86,531 74,778 15.7 Order backlog ¹ 17,126 16,702 2.5 Revenue 86,255 73,079 18.0 Operating profit 6,081 649 837.5 % of revenue 7.1 0.9 Adjusted operating profit ² 6,319 2,621 141.1 % of revenue 7.3 3.6 Profit
Slide 5: Key figures Q4 2017
Key figures Q4 2017 1.10.-31.12. 1.1.-31.12. Change, EUR thousand 2017 2016 % Order intake 21,433 18,334 16.9 Order backlog ¹ 17,126 16,702 2.5 Revenue 22,414 19,009 17.9 Operating profit 1,389 -1,209 214.8 % of revenue 6.2 -6.4 Adjusted operating profit ² 1,327 708 87.5 % of revenue 5.9 3.7 Profit
Slide 6: Significant revenue improvement in Q4 and full year 2017
Significant revenue improvement in Q4 and full year 2017 25 25 20 20 15 15 10 10 5 5 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2015 2016 2017 Revenue, EUR million Order backlog, EUR million, end of period Exel Composites 6
Slide 7: Main volume increase from key customers in Europe
Main volume increase from key customers in Europe 1) Volume impact calculated as difference in kilograms of delivered products times prior year average sales price/kg. Exel Composites 7
Slide 8: Industrial Applications continued to drive the revenue increase
Industrial Applications continued to drive the revenue increase Revenue by customer segment, Industrial Applications EUR million 25 20 3.9 3.6 15 6.7 4.2 10 5 11.3 11.9 Telecommuni- Paper Electrical Machine Transportation cation Industry Industry Industry Industry 0 Q4 2016 Q4 2017 100 Construction
Slide 9: Asia and China major contributors geographically
Asia and China major contributors geographically Revenue by market area, EUR million Europe 63.8 59.6 APAC Rest of the world 17.8 4.6 11.3 2.2 2017 2016 Exel Composites 9
Slide 10: Operating profit improved significantly due to increased revenue and efficiency
Operating profit improved significantly due to increased revenue in combination with further operational efficiency improvements 4 20% 3 2 10% 1 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2015 2016 2017 Adjusted operating profit, EUR million Adjusted operating profit margin, % Operating profit target,
Slide 11: ROCE continued to improve to 14.8% at the end of 2017
ROCE continued to improve to 14.8% at the end of 2017 30% 60 20% 40 10% 20 0% 0 2013 2014 2015 2016 2017 Capital employed, MEUR ROCE, % Exel Composites 11
Slide 12: Earnings per share increased up to 36 cents
Earnings per share increased up to 36 cents 0.48 0.36 0.26 0.24 0.02 2013 2014 2015 2016 2017 Exel Composites 12
Slide 13: Share price development 2017
Share price development 2017 Share quotations 2017 Market capitalization on Price/earnings 2013-2017: Highest: EUR 7.85 31.12.2017: 31.12.2017: 18.40 Lowest: EUR 4.84 EUR 77.7 (59.7) million 31.12.2016: 301.35 31.12.2015: 27.32 Average: EUR 6.00 31.12.2014: 17.50 On 31.12. 2017: EUR 6.57 31.12.2013:
Slide 14: Major shareholders on 31 December 2017
Major shareholders on 31 December 2017 Number of Percentage of shares share capital Nordea Bank Ab (Publ), Suomen Sivuliike (Nominee 2,410,095 20.3 Registered) Skandinaviska Enskilda Banken AB (Nominee Registered) 1,896,982 15.9 Sijoitusrahasto Taaleritehdas Mikro Markka 600,000 5.0 OP-Finland Value
Slide 15: Exel Composites confirmed overall strategic direction for 2017-2020
Exel Composites confirmed overall strategic direction for 2017-2020 Next level growth Protect and grow strong- Build Penetrate Create true Growth in holds leadership in growing / new global new China applications footprint technologies Grow in existing Grow sales to Penetrate mid- Expand Furthe
Slide 16: Strategy implementation in 2017
Strategy implementation in 2017 STRATEGY BASED ON FIVE PILLARS In 2017: In 2017: • Acquisition of Nanjing • Acquisition in China Jianhui Composite Material and reorganization of (JHFRP) the APAC business Protect and grow • Strengthened position in • Expansion of sales Build our stronghold Create Chi
Slide 17: Outlook for 2018
Outlook for 2018 • Exel Composites expects revenue as well as adjusted operating profit to increase in 2018 compared to 2017. Exel Composites 17
Slide 18: Your IR contacts
Your IR contacts Riku Kytömäki Mikko Kettunen Noora Koikkalainen President and CEO CFO IR Manager +358 50 511 8288 +358 50 3477 462 +358 50 562 6552 riku.kytomaki@exelcomposites.com mikko.kettunen@exelcomposites.com noora.koikkalainen@exelcomposites.com www.exelcomposites.com Exel Composites 18
Slide 19: Exel Composites
EXELENCE FOR THE WIN A exer” COMPOSITES Exel Composites