Heidelberger Druckmaschinen Ag · XETR:HDD

Heidelberger Druckmaschinen — Shareholder Meeting (July 2015)

30 slides from Heidelberger Druckmaschinen's shareholder meeting presentation, Jul 24, 2015

  1. Slide 1: Annual General Meeting for financial year 2014/2015

    Annual General Meeting for financial year 2014/2015 DIRK KALIEBE July 24, 2015

  2. Slide 2: In financial year 2013/2014, we …

    In financial year 2013/2014, we … … broke even for the first time in five years. BREAK- EVEN © Heidelberger Druckmaschinen AG 2

  3. Slide 3: In financial year 2014/2015, we …

    In financial year 2014/2015, we … … successfully completed the reorientation of our portfolio as announced. BREAK- EVEN © Heidelberger Druckmaschinen AG 3

  4. Slide 4: Portfolio restructured for sustained profitable growth

    Portfolio restructured for sustained profitable growth 1. Expand services + consumables 2. Become established as leading digital printing supplier Target: Growth 3. Realignment of non strategic business PORTFOLIO OPTIMIZATION 4. Improve operating result in core sheetfed offset business Target: Profi

  5. Slide 5: Successful transformation

    Successful transformation Into a ● less cyclical ● less volatile From a ● less capital-intensive ● cost-intensive ● more robust ● volatile ● more customer-focused ● capital-intensive business with growth ● technology-focused opportunities business © Heidelberger Druckmaschinen AG 5

  6. Slide 6: Stable market worth billions with attractive growth areas

    Stable market worth billions with attractive growth areas Global print Around production volume €400 billion/year © Heidelberger Druckmaschinen AG 6

  7. Slide 7: Focused on the right customers

    Focused on the right customers From 200,000 … towards 15,000 generalists … specialists © Heidelberger Druckmaschinen AG 7

  8. Slide 8: Stable market worth billions with attractive growth areas

    Stable market worth billions with attractive growth areas Global print Around production volume €400 billion/year Equipment Sheetfed offset:€2.3 billion* Digital: €2.3 billion* Services €1 billion* Consumables €8 billion* * Accessible market for Heidelberger Druckmaschinen, excluding postpress © Hei

  9. Slide 9: The new brand signifies transformation

    The new brand signifies transformation We’ve modified our logo in line with our corporate strategy. The three points of contact with our customers are represented by the colors of the letter “H”: Service, Equipment, Consumables. © Heidelberger Druckmaschinen AG 9

  10. Slide 10: Branding film

    Branding film © Heidelberger Druckmaschinen AG 10

  11. Slide 11: FY 2014/2015: Focus on financial stability and strategic reorientation

    FY 2014/2015: Focus on financial stability and strategic reorientation • Slightly improved operating performance • Reorientation shapes development of results • Financing framework extended to 2022 • Volatile interest rates influence equity ratio; company pension scheme restructured PORTFOLIO OPTIMI

  12. Slide 12: FY 2014/2015: Slightly improved operating profit

    FY 2014/2015: Slightly improved operating profit EBITDA Sales in mill. € in mill. € 188 2,434 ● Slightly improved operating 2,334 EBITDA margin; EBITDA excluding special items but 143 including positive non-recurring effect of around €50 million increase to €188 million ● Sales around 4% down on pre

  13. Slide 13: 5 years: Increased profitability, reduced debt

    5 years: Increased profitability, reduced debt Sales EBITDA Leverage in mill. € in mill. € 2,334 > 10x 2,306 188 < 2.0x 1.4 2009/10 2014/15 -49 2009/10 2014/15 2009/10 2014/15 © Heidelberger Druckmaschinen AG 13

  14. Slide 14: Financing requirements halved and covered from three sources

    Financing requirements halved and covered from three sources Financing structure 2009/2010 Financing structure 2015 Total approx. €1.6 billion Total approx. €750 million Bonds Banks 100% banks 42% 37% (+ government) 16% Other Convertible bonds ● Far lower financial requirements ● Diversified financi

  15. Slide 15: Optimized financing framework – the foundation has been laid

    Optimized financing framework – the foundation has been laid Maturity profile in 2010 Maturity profile in 2015 Other Rev. bank line (Jun 2017) Guaranteed loan 1,590 Corporate bond (Apr 2018) KfW loan 190 Corporate bond (May 2022) Syndicated loan Convertible bond (Jul 2017) Convertible bond (Mar 2022

  16. Slide 16: Outlook for 2015/2016 and beyond

    Outlook for 2015/2016 and beyond © Heidelberger Druckmaschinen AG 16

  17. Slide 17: This has created the basis …

    This has created the basis … … for sustained profitability in the future. © Heidelberger Druckmaschinen AG 17

  18. Slide 18: Upward trend in operating profit

    Upward trend in operating profit Operating EBITDA margin ≥ 88% % 5,9 % 5.9% 6,0 % 6.0% 2,9 % 2.9% 2012/13 2013/14 2014/15 From 2015/16 © Heidelberger Druckmaschinen AG 18

  19. Slide 19: This has also created the solid basis …

    This has also created the solid basis … … for continuous sales growth from as early as 2015/2016! © Heidelberger Druckmaschinen AG 19

  20. Slide 20: PSG takeover expands services business

    PSG takeover expands services business © Heidelberger Druckmaschinen AG 20

  21. Slide 21: eCommerce: Using the Internet as an additional sales channel

    eCommerce: Using the Internet as an additional sales channel © Heidelberger Druckmaschinen AG 21

  22. Slide 22: Digital: Top-quality products and strong partners

    Digital: Top-quality products and strong partners Industrial 2016 digital sheetfed printing 2014 2011 Offset © Heidelberger Druckmaschinen AG 22

  23. Slide 23: Digital label press unveiled

    Digital label press unveiled © Heidelberger Druckmaschinen AG 23

  24. Slide 24: Digital: Top-quality products and strong partners

    Digital: Top-quality products and strong partners 2016 Industrial digital sheetfed printing 2014 2011 Offset © Heidelberger Druckmaschinen AG 24

  25. Slide 25: Industry 4.0: Heidelberg networks markets

    Industry 4.0: Heidelberg networks markets Future 2012 Factory On Demand 2008 Big data & benchmarking 2000 Workflow 1998 Remote Service & eCall 1990 Production © Heidelberger Druckmaschinen AG 25

  26. Slide 26: Product portfolio expanded for growth market of China

    Product portfolio expanded for growth market of China • Speedmaster CS 92 launched at Print China in April 2015 Modular portfolio expansion based on existing platform • New Linoprint CV digital printing system unveiled © Heidelberger Druckmaschinen AG 26

  27. Slide 27: New Print Media Center opened

    New Print Media Center opened © Heidelberger Druckmaschinen AG 27

  28. Slide 28: We’re on the right track

    We’re on the right track EBITDA MARGIN BREAK- PORTFOLIO SUSTAINED EVEN OPTIMIZATION PROFITABILITY © Heidelberger Druckmaschinen AG 28

  29. Slide 29: Thank you very much for your time

    Thank you very much for your time

  30. Slide 30: Important note

    Important note This release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future d

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