Fuchs Se · XETR:FPE
Fuchs — Fuchs Petrolub — Q1 2016 Earnings Presentation
13 slides from Fuchs's earnings presentation, Apr 29, 2016
Slide 1: Financial Results – Q1 2016
Financial Results – Q1 2016 Analysts’ Telephone Conference | 29th April 2016 | Mannheim | Dagmar Steinert
Slide 2: Key developments Q1 2016
Key developments Q1 2016 Revenues +11,7% to €550,2 mn EBIT + 4,3% to €85,2 mn Outlook 2016 Europe +25,5% to €349,4 mn Projected Growth of 7-11% Asia-Pacific, Africa -1,4% to €144,4 mn Projected EBIT of 3-7% Americas -4,3% to €84,5 mn (before currency translation effects) l2
Slide 3: Sales Performance
Sales Performance Pentosin numbers are included since Q3 15 and Statoil Lubricants since Q4 15 € mn +11,7% 600 540 550 531 515 500 493 400 300 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 l3
Slide 4: EBIT development
EBIT development Q4 2015 includes integration costs (Acquisitions 2015) € mn +4,3 % 95 89,9 89,3 90 85,2 85 81,7 81,3 80 75 70 65 60 55 50 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 l4
Slide 5: FUCHS Group – Q1 2016 Headwind from FX
FUCHS Group Q1 2016 Headwind from FX € mn +63,3 600 (+12,9%) 550 +9,5 (+1,9%) 550,2 -15,2 500 (-3,1%) 492,6 450 +57,6 (+11,7%) 400 350 300 Q1 2015 Organic Growth Acquisitions FX Q1 2016
Slide 6: FUCHS Group – Regional Sales in €mn
FUCHS Group – Regional Sales in €mn Q1 2016: Organic Growth in Europe & Asia Pacific, Africa +69,4mn 400 Europe +24,9% +5,1mn +1,8% 300 -3,4mn -1,2% • Europe + 71,1 mn (+25,5%) • Americas - 3,8 mn ( -4,3%) 200 349,4 • Asia-Pacific, Africa - 2,1 mn ( -1,4%) 278,3 100 0 Q1 2015 Organic Acquisitions FX
Slide 7: EBIT development Q1 2015 / Q1 2016
EBIT development Q1 2015 / Q1 2016 € mn Q1 2015 Q1 2016 Δ Mio. € Δ in % Sales 492.6 550.2 57.6 11,7 Gross Profit 187.9 205.8 17.9 9,5% Margin 38,1% 37,4% -0,7% points Selling, admin., R&D expenses, others 110.0 125.5 15.5 14,1% EBIT before at Equity 77.9 80.3 2.4 3,1% At Equity 3.8 4.9 1.1 28,9% EBI
Slide 8: EBIT by regions Q1 2016 (Q1 2015)
EBIT by regions Q1 2016 (Q1 2015) € mn 100 80 15,1 (16,5) -2,2 (-0,8) 60 29,2 (26,6) 85,2 40 (81,7) 43,1 20 (39,4) 0 Europe Asia Pacific, Africa Americas Holding/cons. Group |8
Slide 9: Free Cash Flow
Free Cash Flow mn € Q1 2015 Q1 2016 Gross cash flow 59,6 64,2 Changes in net operating working capital -17,9 -31,8 Other changes -3,7 10,9 Operating cash flow 38,0 43,3 Capex -7,8 -14,4 Other changes 0 -1,6 Free cash flow before acquisitions 30,2 27,3 Acquisitions - - Free cash flow 30,2 27,3 l9
Slide 10: Outlook 2016
Outlook 2016 (before currency translation effects) Performance indicators Actual 2015 Forecast 2016 Sales €2.079 mn Total Growth +11,4% 7% to 11% Organic Growth +0,3% Low single-digit % External Growth (Acquisitions 2015) +6,0% High single-digit % Currency +5,1% EBIT €342 mn 3% to 7% FVA €246 mn Low
Slide 11: Growth Initiative: 2016 – 2018 planned investments of €300mn
Growth Initiative 2016 – 2018: Planned investments of €300mn Expansion of the Mannheim site Expansion of the Kaiserslautern site New plant in WuJiang, China Expansion of the Chicago site New plants in Australia and Sweden | 11
Slide 12: Disclaimer
DISCLAIMER This presentation contains statements about future development that are based on assumptions and estimates by the management of FUCHS PETROLUB SE. Even if the management is of the opinion that these assumptions and estimates are accurate, future actual developments and future actual resul
Slide 13: Thank you for your attention
Thank you for your attention FUCHS PETROLUB SE | Investor Relations Friesenheimer Str. 17 | 68169 Mannheim Telefon +49 621 3802 1201 www.fuchs.com/group