Ctt Systems Ab · OMXSTO:CTT

Ctt Systems Ab — Q2 2019 Earnings Presentation

20 slides from Ctt Systems Ab's earnings presentation, Jul 19, 2019

  1. Slide 1: Earnings Conference Call Q2 2019 CTT Systems AB

    JULY 19, 2019 EARNINGS CONFERENCE CALL Q2 2019 CTT SYSTEMS AB

  2. Slide 2: Torbjörn Johansson, CEO and Daniel Ekstrand, CFO

    TORBJÖRN JOHANSSON DANIEL EKSTRAND CEO CFO 2

  3. Slide 3: Humidity Control in Aircraft

    Humidity Control in Aircraft For a better climate – in the aircraft cabin and in the sky De-Humidifiers Humidifiers 3

  4. Slide 4: Q2 2019

    Q2 2019 A 4

  5. Slide 5: Q2 2019 Financials in short

    Q2 2019 Financials in short Record-breaking Quarter – Best Sales and EBIT so far 33 %  Net Sales of 102 MSEK (77), up 33 % versus previous year  Operating Profit (EBIT) of 33 MSEK (26), up 31 %  EBIT Margin 33 % (33)  EPS 2.10 SEK (1.52), up 38 %  Operational cash flow of 18 MSEK (11) 31 % 38 %

  6. Slide 6: Q2 2019 Net Sales Bridge, YoY

    Q2 2019 Net Sales Bridge, YoY  Organic growth 21 %  FX Effect 12 % 33 % Net Sales growth 101.9  Higher OEM sales & growing aftermarket sales largest contributors to top-line growth  VIP projects contributed with 5.3 MSEK  IP and Retrofit were weaker 6

  7. Slide 7: Q2 2019 Sales Mix

    Q2 2019 | Sales Mix Q218 Non-Core; 4% IP; 10% Q219 Non-Core; 6% IP; 2% OEM; 43% Aftermarket; 36% OEM; 46% VIP; 19Retrofit; 6% Aftermarket; 39% VIP; 6% Retrofit; 1% Pain: oo) 2 i

  8. Slide 8: Q2 2019 EBIT Profit Bridge

    Q2 2019 EBIT Profit Bridge Volume, price, Higher USD/SEK contributed with 8.9 MSEK of total 25.3 MSEK Net Sales gain MSEK Q218 mix and other Currency Q219 Change Net Sales 76.5 16.4 8.9 101.9 25.3 EBIT 25.5 4.9 3.0 33.4 7.9 EBIT MARGIN 33% 33% The EBIT improvement of 7.9 MSEK is explained by:  Busi

  9. Slide 9: Q2 2019 Free Cash Flow

    Q2 2019 Free Cash Flow  Improved Operating Free Cash Flow YoY due to EBIT increase  - 15 MSEK from change in Working capital; AP increase (8 MSEK) & Variable remuneration 2018 paid out (7 MSEK)  Paid dividend of 51 MSEK Financial Performance Change in Cash Q219 Q218 Earnings before tax reconsiled

  10. Slide 10: Q2 2019 Order Intake & Backlog

    Q2 2019 Order Intake & Backlog  Q2 order intake of 83 MSEK (76) MSEK Q218 Q219  Backlog decreases to 165 MSEK (234) Order intake 75.8 82.7  Declining dehumidifier backlog to Boeing 787  Drop in VIP & Retrofit orders Backlog 233.7 164.8  Growing backlog for humidifiers USD/SEK 8.36 9.33 10

  11. Slide 11: Jan-Jun 2019

    JAN-JUN 2019 A 11

  12. Slide 12: Jan-Jun 2019 Financials in short

    Jan-Jun 2019 Financials in short 34 %  Net Sales of 187 MSEK (140), up 34 % versus previous year  Operating Profit (EBIT) of 57 MSEK (39), up 46 %  EBIT Margin 30 % (28)  EPS 3.54 SEK (2.32), up 52 %  Operational cash flow of 40 MSEK (17) 46 % 52 % 12

  13. Slide 13: Rolling 4Q

    ROLLING 4Q A 13

  14. Slide 14: Rolling 4Q Financials in short

    Rolling 4Q Financials in short  Net Sales of 362 MSEK (265), up 37 % versus previous Rolling 4Q 37 %  Operating Profit (EBIT) of 108 MSEK (68), up 60 %  EBIT Margin 30 % (26)  EPS 6.78 SEK (4.18), up 62 %  Operational cash flow of 84 MSEK (56), up 50 % 62 % 60 % 14

  15. Slide 15: Rolling 4Q Net Sales Bridge

    Rolling 4Q Net Sales Bridge 37 % Net Sales growth  Strong OEM & Aftermarket sales  VIP sales increased  Retrofit was slightly weaker 15

  16. Slide 16: Outlook

    OUTLOOK A 16

  17. Slide 17: Q3 Forecast

    Q3 Forecast  Net Sales forecasted to be 80 - 85 MSEK (81), same level as previous year 80 - 85 17

  18. Slide 18: FY2019E Performance Outlook 2019

    FY2019E Performance Outlook 2019  1H guidance [15-20 %] √ Outcome: 21%  Reiterating forecast for humidifier / dehumidifier deliveries in 2019 Humidifiers Dehumidifiers Deliveries 15 – 25 % -5 – 5 % Population / accumulated deliveries 20 – 25 % 10 – 15 % New Guidance  12-month rolling revenues (cu

  19. Slide 19: Humidifier Onboard First in Business Class

    Humidifier Onboard First in Business Class 19

  20. Slide 20: 20

    20

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