Slide 1: Conference Call WashTec AG, H1 2016 Report
Conference Call WashTec AG, H1 2016 Report
Slide 2: Content
Content 1 Facts & Figures 2 Share Performance 3 Outlook 2 | Conference Call, August 04, 2016
Slide 3: Highlights H1 2016 – strong Q2 leads to 6.3% growth
Highlights H1 2016 – strong Q2 leads to 6.3 % growth per June 30 (FX adj.) • Equipment & Service continue to drive growth • Business with individual operators and smaller chains grows disproportionally • Positive feedback to innovations shown at new lead fair uniti expo Stuttgart • Investments into
Slide 4: EBIT after 6 months at 9.2% driven by strong Q2
EBIT after 6 months at 9.2% driven by strong Q2 Comments: • Q2 revenues increase by 8.7% • Europe and APAC contribute to revenue and EBIT growth • Increase of net cash flow due to higher revenues and tax refunds * Rounding differences possible 4 | Conference Call, August 04, 2016
Slide 5: Equipment & Service grow continuously, Chemicals grow by 13% adjusted by Canada
Equipment & Service grow continuosly, Chemicals grow by 13% adjusted by Canada In € m, H1 Rounding differences possible 2016 2015 Change in % Equipment & Service 142.6 132.9 9.7 7.3 Chemicals 20.4 20.6 (0.2) (1.0) Operations & 6.3 7.0 (0.7) (10.0) other Total 169.2 160.6 8.6 5.4 5 | Conference Call,
Slide 6: Revenue & EBIT growth driven by Europe & APAC while NA impacted by delay
Revenue & EBIT growth driven by Europe & APAC while NA impacted by delay of key account installs and Canada effect Revenues in €m*: 169.2 5.4 % 6.5 % -8.8 % 24.7 % 27.2 24.8 160.6 138.5 9.1 130.3 7.3 EBIT in €m*: 12.3 % 19.3 % -100 % 450 % 15.5 13.8 14.2 11.9 1.4 1.1 0.0 0.2 * Rounding differences p
Slide 7: EBIT and EPS mainly due to higher revenues above prior year
EBIT and EPS mainly due to higher revenues above prior year in €m* H1 2016 H1 2015 Revenues 169.2 160.6 Gross margin 101.7 [60.1%] 96.7 [60.2%] Personnel expenses (59.5) [35.2%] (55.6) [34.6%] Other operating expenses (25.4) [15.0%] (25.3) [15.8%] EBITDA 20.0 18.6 Depreciation (4.5) (4.8) EBIT 15.5
Slide 8: Solid balance sheet after dividend payout of €22.8m in May
Solid balance sheet after dividend payout of € 22.8m in May June 30, Dec 31, in €m* 2016 2015 Balance sheet total 191.5 190.0 Goodwill 42.3 42.3 Equity 67.2 80.3 Net finance debt 16.4 1.9 Net working capital 77.3 78.1 June 30, June 30, 2016 2015 Net cash flow 16.1 12.9 Cash outflow from investing ac
Slide 9: Content – Share Performance
Content 1 Facts & Figures 2 Share Performance 3 Outlook 9 | Conference Call, August 04, 2016
Slide 10: Several research updates with increased target prices
Several research updates with increased target prices Analyst Coverage Share Performance Analyst Recommen- Target Price (+ Date) dation (€) WashTec Hauck & Aufhäuser Buy 42.00 (07/16) HSBC (08/16) Hold 34.00 MM Warburg Hold 34.90 SDax (03/16) Bankhaus Lampe Buy 41.00 (07/16) Average 37.98 Desmarais
Slide 11: Content – Outlook
Content 1 Facts & Figures 2 Share Performance 3 Outlook 11 | Conference Call, August 04, 2016
Slide 12: Guidance for the full year and upcoming events
Guidance for the full year and upcoming events Guidance: • Revenue increase of approximately 5% at a double digit EBIT margin • All segments expected to grow • >6% EBIT growth yoy confirmed • Investments will continue in H2 2016 • Chances and Risks: Brexit with limited impact on WashTec group Ch
Slide 13: Backup
Backup 13 | Conference Call, August 04, 2016
Slide 14: Financial calendar 2016
Financial calendar 2016 August 4, 2016 H1 2016 Report September 14, 2016 Roadshow London September 20-22, 2016 Baader Investment Conference Munich September 22, 2016 Company visit Investors October 27, 2016 Berenberg Conference New York October 28, 2016 Q3 2016 Report November 21-23, 2016 Equity For
Slide 15: Disclaimer
Disclaimer No offer: This document does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment