Alfa Laval AB · OMXSTO:ALFA
Alfa Laval AB — Investor Day (November 2013)
15 slides from Alfa Laval AB's investor day presentation, Nov 19, 2013
Slide 1: Slide 1
Slide 2: Financial update
Financial update Thomas Thuresson CFO Alfa Laval Group
Slide 3: Financial Update
NOVEMBER 19, 2013 FINANCIAL UPDATE Financial www.alfalaval.com
Slide 4: Group funding
Group funding Utilisation and maturity structure, status as per September 30, 2013 SEK Bn • Committed, not utilised SEK 4.0 Bn 10 • Utilised credits, > 75 % outside Senior Facility SEK 8 • Maturity of SEK 7.3 Bn > 4 years Senior Facility 6 SHB 4 US PP Senior Facility 2 EIB SEK 2014 2016 2018 2020 -C
Slide 5: Foreign exchange
Foreign exchange Exchange rate differences in the financial net, January - September SEK million 2013 2012 Gains 127 320 Losses - 160 - 87 Total - 33 233 © Alfa Laval Slide 5 www.alfalaval.com
Slide 6: Foreign exchange
Foreign exchange Estimated impact on adjusted EBITA from FX fluctuations WY 13 WY 13 WY 14 SEK million Av rates Cl rates Av rates Translation effect - 167 - 240 - 73 Transaction effect - 25 - 25 - 15 Total - 192 - 265 - 88 Average and closing rates refers to the rates applied as per September 30, 20
Slide 7: Step-up values up to 2017
Step-up values up to 2017 Closing balance and amortisation according to plan, SEK million Closing balance Amortization 6 000 600 5 000 500 4 000 400 3 000 300 2 000 200 1 000 100 0 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LBO-related Acquisitions Amortisation acc to plan ww
Slide 8: Guidance
Guidance - A summary Taxes in the P&L, 28 % of PBT R & D-spend in relation to total revenues, >= 2.5 % Capital expenditure in relation to total revenues, <= 2.0 % Dividend pay-out ratio, 40 – 50 % of adjusted EPS* *) excluding net effect of step-up amortisation www.alfalaval.com
Slide 9: IFRS 11- Joint arrangements
IFRS 11- Joint arrangements - New from 2014 This will mean a change in the disclosure of joint venture activities as far as the consolidated P & L and Balance-sheet is concerned This will have an impact on Alfa Laval because of Alfdex and possibly AlfaWall at a later stage The current impact on the
Slide 10: Order backlog development
Order backlog development SEK millions % of LTM-sales 18 000 80 16 000 70 14 000 60 12 000 50 10 000 40 8 000 30 6 000 20 4 000 2 000 10 0 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Order backlog % of LTM (last twelve months) sales www.alfalaval.com
Slide 11: Order backlog as per Sept 30
Order backlog as per Sept 30 SEK million at prevailing rates 18000 15,873 15,496 16000 15,314 15,068 15,071 14000 13,192 11,689 12000 8,050 8,387 7,993 For next year, 8,330 8,766 10000 SEK 8.0 Bn! 7,324 8000 5,480 6000 4000 6,256 6,567 5,487 5,937 6,418 6,705 6,672 2000 0 2007 2008 2009 2010 2011 20
Slide 12: Order backlog as per Sept 30
Order backlog as per Sept 30 For delivery after December 31 SEK millions at prevailing rates 10000 9,058 9,306 9000 8,650 8,791 8,399 8000 7,705 7000 6,665 4,099 4,576 Aalborg added SEK 2.0 3,508 3,219 Bn to Marine in 2011! 3,655 5,751 3,063 6000 2,327 5000 4000 3,553 2,155 3000 1,733 2000 1000 1,82
Slide 13: Sales 2013 and 2014
Sales 2013 and 2014 BnSEK LTM Q313 29.4 Change order backlog Q4, y-o-y +/- 0.0 Fx. Translation (clos rates 1309) - 0.5 Acquisitions (in-for-out) + 0.2 Demand & Price Q413 x/- 0.0 Full year 2013 appr 29.1 www.alfalaval.com
Slide 14: Sales 2013 and 2014
Sales 2013 and 2014 BnSEK Full year 2013 appr 29.1 Change in order backlog y-o-y - 0.4 Fx. Translation +/ - 0.0 Acquisitions to date + 0.1 IFRS 11 - 0.2 Subtotal: 28.6 Price +/- ? Demand +/- ? Further acquisitions + ? Full year 2014: ? www.alfalaval.com
Slide 15: www.alfalaval.com
www.alfalaval.com