Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — H1 2017 Earnings Presentation
17 slides from Vossloh Aktiengesellschaft's earnings presentation, Jul 26, 2017
Slide 1: Presentation to Investors
Presentation to Investors July 26, 2017, interim report as of June 30, 2017 Oliver Schuster, CFO Clear focus. Sharpened profile. Draft, version 4, as of 3/8/2016, 11:20 a.m.
Slide 2: Disclaimer
Disclaimer Note: This presentation contains statements concerning the future business performance of the Vossloh Group that are based on assumptions and estimates from the company management. If the assumptions that the projections are based on fail to occur, the actual results of the projected stat
Slide 3: Vossloh Group: Clear focus. Sharpened profile.
Vossloh Group: Clear focus. Sharpened profile. Vossloh makes good progress in the first half of 2017 Operational business Sales increased year-on-year mainly due to acquisitions: good development in is developing well the first quarter continued in the second quarter Earnings and profitability s
Slide 4: Vossloh Group: Clear focus. Sharpened profile.
Vossloh Group: Clear focus. Sharpened profile. Vossloh makes good progress in the first half of 2017 Annual General Dr.-Ing. Volker Kefer, a proven expert in the railway industry, succeeds Heinz Meeting in May 2017 Hermann Thiele as Chairman of the Supervisory Board; Mr. Thiele resigned the positi
Slide 5: Vossloh Group, H1/2017
Vossloh Group, H1/2017 Increasing sales, improved profitability 1-6/2016* 1-6/2017 Sales increased by 16.7%, primarily due to consolidation of Vossloh Tie 6/30/2016* 6/30/2017 Technologies and good development in Vossloh Fastening Sales revenues € mill. 421.6 492.2 Systems EBIT € mill. 19.4 26.6 I
Slide 6: Vossloh Group, H1/2017
Vossloh Group, H1/2017 Cash outflow for acquisition of Rocla increases net financial debt 1-6/2016* 1-6/2017 Equity ratio significantly higher than 6/30/2016* 6/30/2017 previous year, primarily due to the sale of the Electrical Systems business unit in the first half of 2017 Equity € mill. 560.8 559
Slide 7: Core Components division, H1/2017
Core Components division, H1/2017 Positive development in sales, EBIT more than doubled Sales in € mill. EBIT in € mill. EBIT margin in % +64.8% 174.8 106.1 26.7 15.3 12.0 12.8 1-6/2016 1-6/2017 1-6/2016 1-6/2017 1-6/2016 1-6/2017 Increase in sales largely due to initial consolidation of Vossloh T
Slide 8: Customized Modules division, H1/2017
Customized Modules division, H1/2017 Sales down slightly, profitability almost at previous year’s level Sales in € mill. EBIT in € mill. EBIT margin in % (3.6)% 246.7 237.9 15.7 14.7 6.4 6.2 1-6/2016 1-6/2017 1-6/2016 1-6/2017 1-6/2016 1-6/2017 High-speed projects in France coming to a close and l
Slide 9: Lifecycle Solutions division, H1/2017
Lifecycle Solutions division, H1/2017 Sales up on previous year, about 40% of sales outside of Germany Sales in € mill. EBIT in € mill. EBIT margin in % +7.9% 39.7 42.8 3.2 8.1 1.8 4.2 1-6/2016 1-6/2017 1-6/2016 1-6/2017 1-6/2016 1-6/2017 Increased sales primarily due to positive business developm
Slide 10: Transportation division, H1/2017
Transportation division, H1/2017 Very strong fourth quarter expected again for 2017 Sales in € mill. EBIT in € mill. EBIT margin in % +14.7% 40.2 34.9 (17.9) (6.3) (23.5) (9.4) 1-6/2016* 1-6/2017 1-6/2016* 1-6/2017 1-6/2016* 1-6/2017 Increase in sales in the first half of 2017 primarily caused by
Slide 11: Vossloh Group, H1/2017: sales by region
Vossloh Group, H1/2017 USA up on previous year due to inclusion of Tie Technologies, Asia also up Europe 275 267 19 21 31 29 63 53 America Asia incl. Middle East 102 87 71 20 Africa & Australia 16 162 164 49 22 36 11 82 27 71 11 38 49 10 17 25 1-6/2016* 1-6/2017 1-6/2016* 1-6/2017 1-6/2016* 1-6/2017
Slide 12: Outlook confirmed – continuous improvement expected
Vossloh Group, Outlook Outlook confirmed – continuous improvement expected Vossloh Group Sales between €1.0 billion and €1.1 billion; particularly strong sales growth expected in Core Components – thanks to the initial inclusion of the Tie Technologies business unit – and in the Transportation div
Slide 13: Financial calendar and contact information
Financial calendar and contact information Financial Calendar October 25, 2017 Quarterly Statement as of September 30, 2017 Contact Information for Investors: Dr. Daniel Gavranovic Email: investor.relations@vossloh.com Telephone: +49 (0) 23 92 / 52-609 Fax: +49 (0) 23 92 / 52-219 Contact Infor
Slide 14: Appendix
Appendix 14 vossioh
Slide 15: The Vossloh share
The Vossloh share Shareholder structure • Heinz Hermann Thiele • Franklin Mutual Advisers 44.73% • Iskander Makhmudov 44.20% • Lazard Frères Gestion • Others 4.98% 3.08% 3.01% 15
Slide 16: Key performance indicators
Vossloh Group, H1/2017 Key performance indicators Group performance indicators Core Components Customized Modules Lifecycle Solutions Transportation 1-6/2016 1-6/2017 1-6/2016 1-6/2017 1-6/2016 1-6/2017 1-6/2016* 1-6/2017 Sales revenue € mill. 106.1 174.8 246.7 237.9 39.7 42.8 34.9 40.2 EBIT € mill.
Slide 17: Statement of cash flows
Vossloh Group, H1/2017 Statement of cash flows Cash flow analysis (in € mill.) 1-6/2016* 1-6/2017 Earnings before interest and taxes (EBIT) 19.4 26.6 EBIT from discontinued operations 5.4 2.6 Amortization / depreciation / impairment losses (less write-up) of noncurrent assets 18.2 20.8 Change in non
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