Slide 1: Tecnotree Corporation Financial Statements 1-12/2012
Tecnotree Corporation Financial Statements 1-12/2012 6th Feb, 2013
Slide 2: Tecnotree Group in Brief
Tecnotree Group in Brief Highlights for 1-12/2012 (comparisons to 1-12/2011) Net sales for 2012 were 73.4 M€ (62.3 M€) Net sales of Q4 were 22.4 M€ (16.1 M€) Order backlog of 54.2 M€ (40.4 M€) Orders received 87.3 M€ in 2012 (88.5 M€) Adjusted EBIT in 2012 was -4.9 M€ (-1.7 M€) This incl
Slide 3: Financial Highlights
Financial Highlights M€ 10-12/2012 1‒12/2012 1‒12/2011 Net sales 22.4 73.4 62.3 Adjusted operating result (BEFORE R&D CAPITALISATION & AMORTISATION AND ONE- -0.3 -4.9 -1.7 TIME COSTS) Adjusted operating result excluding 3.9 -1.0 2.7 write-downs * Operating result -3.7 -12.4 -11.1 Net result -6.3 -17
Slide 4: Net Sales by Area
Net Sales by Area 45 + 65% 40 35 30 - 8% 25 M€ 20 15 10 - 15% - 18% 5 0 Americas Europe MEA APAC Act 1-12/2011 23,3 7,9 27 4 Act 1-12/2012 38,5 6,7 24,9 3,3 Americas +65% Europe -15% MEA -8% APAC -18% 6th Feb 2013 Financial Review 1-12/2012
Slide 5: Sales and Orders
Sales and Orders 70 60 50 40 M€ 30 20 10 0 Q4/2010 Q1/11 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Tecnotree sales 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 OBL 14,3 22,1 21,5 21,0 40,4 36,2 58,8 59,2 54,2 Order intake 8,2 18,4 17,9 16,7 35,5 5,8 43,9 20,1 17,4 6th Feb 2013 Financia
Slide 6: Consolidated Income Statement
Financial Review 1-12/2012 Consolidated Income Statement EUR Million 1-12/2012 1-12/2011 Change % Net sales 73.4 62.3 17.9 Other operating income 0.1 0.2 -69.5 Materials and services -14.4 -10.8 33.6 Employee benefit expenses -35.4 -30.5 16.0 Depreciation -8.9 -9.4 -5.3 Other operating expenses -27.
Slide 7: Adjusted Income Statement
Adjusted Income Statement EUR Million 1-12/2012 1-12/2011 Change % Net sales 73.4 62.3 17.9 Other operating income 0.1 0.2 -69.5 Total revenue 73.5 62.5 17.6 Adjusted operating expenses*) -78.4 -64.2 22.0 Adjusted operating result -4.9 -1.7 Adjusted operating result without write- -1.0 2.7 downs**)
Slide 8: Adjusted Operating result
Adjusted Operating result Financial statements Write-downs** Without write-downs SPECIFICATION OF ADJUSTED 10-12/ 1-12/ 10-12/ 1-12/ 10-12/ 1-12/ OPERATING RESULT, MEUR 2012 2012 2012 2012 2012 2012 Net sales 22,4 73,4 -2,1 24,5 73,4 Other operating income 0,1 0,1 0,1 0,1 Operating costs excluding p
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 31.12.2012 31.12.2011 Change % NON-CURRENT ASSETS Fixed Assets 7.7 15.8 -51.3 Consolidated goodwill 17.4 19.2 -9.2 Other non-current assets 2.9 4.4 -33.4 CURRENT ASSETS Inventories 0.6 0.8 -25.9 Trade Receivables 22.2 23.7 -6.1 Other Receivables 19.0 29.3 -35.3
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 31.12.2012 31.12.2011 Change % SHAREHOLDER’S EQUITY 34.5 49.5 -30.2 Interest-bearing liabilities 0.0 12.2 Deferred tax liabilities 2.8 4.4 -35.6 Other non-current liabilities 0.4 0.4 16.6 CURRENT LIABILITIES Interest-bearing liabilities 28.3 15.8 78.9 Non-inter
Slide 11: Prospects for 2013
Prospects for 2013 The company had an order backlog of 54.2 M€ at the end of 2012, giving a good start for 2013 The company expects its net sales and operating result to improve from the previous year Variations in the quarterly figures will be considerable 6th Feb 2013 Financial Review 1-12/2
Slide 12: Additional Financial Information for Investors
ADDITIONAL FINANCIAL INFORMATION FOR INVESTORS 6th Feb 2013 Financial Review 1-12/2012
Slide 13: Sales by Area
Sales by Area Americas 25 70% M€ 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Tecnotree Sales 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 Americas 5,8 1,7 8,5 8,6 4,5 3,7 11,7 10,1 13,0 % 41% 16% 46% 50% 28% 37% 55% 51% 58% 4 per. Mov. Avg. (%) 6th F
Slide 14: Sales by Area
Sales by Area Europe M€ 25 20% 18% 20 16% 14% 15 12% 10% 10 8% 6% 5 4% 2% 0 0% Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Tecnotree Sales 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 Europe 1,8 2,0 1,4 1,7 2,8 1,4 2,5 1 1,8 % 13% 19% 8% 10% 17% 14% 12% 5% 8% 4 per. Mov. Avg. (%) 6th Feb 2
Slide 15: Sales by Area
Sales by Area MEA M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Tecnotree Sales 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 MEA 5,9 6,5 7,0 5,8 7,7 3,8 6,4 8,0 6,6 % 42% 61% 38% 34% 48% 38% 30% 41% 29% 4 per. Mov. Avg. (%) 6th Feb 2013 Finan
Slide 16: Sales by Area
Sales by Area APAC M€ 25 12% 20 10% 8% 15 6% 10 4% 5 2% 0 0% Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Tecnotree Sales 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 APAC 0,5 0,4 1,5 1,1 1,0 1,1 0,6 0,7 1,0 % 4% 4% 8% 6% 6% 11% 3% 4% 4% 4 per. Mov. Avg. (%) 6th Feb 2013 Financial Review 1-
Slide 17: Sales Distribution
Sales Distribution M€ 25 20 15 10 5 0 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Tecnotree sales 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 Services 6,8 5,9 7,1 6,4 7,7 4,0 7,4 5,1 9,6 New customers 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 Existing customers 7,2 4,7 11,4 10,8 8,4 6,0 13,9 14
Slide 18: Materials and Services
Materials and Services M€ 25 25% 20 20% 15 15% 10 10% 5 5% 0 0% Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Sales 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 Materials and Services 2,4 1,7 3,1 3,9 2,1 1,9 4,0 4,5 4,0 % 17% 16% 17% 23% 13% 19% 19% 23% 18% 4 per. Mov. Avg. (%) 6th Feb 2013
Slide 19: Employee Benefits
Employee Benefits 25 90% M€ 80% 20 70% 60% 15 50% 40% 10 30% 5 20% 10% 0 0% Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Sales 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 Employee 7,8 8,4 8,2 6,6 7,3 7,8 7,8 8,9 11,0 benefits % 56% 80% 44% 38% 45% 78% 37% 45% 49% 4 per. Mov. Avg. (%) 6th F
Slide 20: Other Operating Expenses
Other Operating Expenses M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Sales 14,0 10,6 18,5 17,2 16,1 10,0 21,3 19,7 22,4 Other Opex 6,2 6,1 4,1 4,5 8,1 5,6 7,0 6,8 7,8 % 44% 58% 22% 26% 51% 56% 33% 34% 35% 4 per. Mov. Avg. (%) 6th Feb 2013 F
Slide 21: Assets by Quarter
Assets by Quarter M€ 120 100 80 60 40 20 0 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Cash 16,7 12,8 10,4 7,8 6,7 6,0 11,0 3,7 11,3 Investments 0,6 1,5 0,9 0,9 0,0 0,0 0,0 0,0 0,6 Other rec. (mainly WIP) 24,2 19,7 26,7 31,8 29,3 26,3 27,7 34,2 19,0 Trade receivables 17,3 19,4 22,4 22,5 23
Slide 22: Equity and Liabilities by Quarter
Equity and Liabilities by Quarter M€ 120 100 80 60 40 20 0 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Current non-interest bearing 14,2 13,4 16,9 18,5 17,6 14,3 16,3 21,7 15,6 Current interest bearing 5,2 8,2 12,2 12,2 15,8 14,8 14,8 14,9 28,3 Deferred tax 3,3 2,8 2,7 2,4 4,4 3,3 3,3 3,1
Slide 23: 6th Feb 2013 Financial Review 1-12/2012
6th Feb 2013 Financial Review 1-12/2012