Slide 1: KION GROUP AG Q1 2017 Update Call
KION GROUP AG Q1 2017 Update Call Gordon Riske (CEO), Dr Thomas Toepfer (CFO) – Wiesbaden, 27 April 2017
Slide 2: Agenda
Agenda 1. Highlights 2. Market Update 3. Financial Update 4. Outlook 2 KION GROUP AG | Q1 2017 Update Call | 27 Apr 2017 © 2017 KION GROUP AG. All rights reserved
Slide 3: Q1 2017 Strategic Highlights
Q1 2017 Strategic Highlights Progress in refinancing Dematic and preparing for growth January February March Promissory 5-year 7-year 10-year note tranche tranche tranche KION awarded first investment Promissory note of ~€1bn Expansion of Dematic production grade rating issued (Schuldschein) with ne
Slide 4: Q1 2017 Financial Highlights
Q1 2017 Financial Highlights Dynamic start into 2017 − Outlook for FY 2017 confirmed Outlook − Order intake and revenue grew to €1.9bn resp. €1.8bn in Q1 2017 Growth − IT&S segment with double-digit growth − SCS segment growth mainly driven by Dematic acquisition − Adj. EBIT1 of €153m results in mar
Slide 5: Agenda
Agenda 1. Highlights 2. Market Update 3. Financial Update 4. Outlook 5 KION GROUP AG | Q1 2017 Update Call | 27 Apr 2017 © 2017 KION GROUP AG. All rights reserved
Slide 6: Industrial Trucks & Services: Market Development
Industrial Trucks & Services: Market Development Dynamic start led by emerging market growth Order intake unit growth y-o-y (in %) North America China Q2/16 Q3/16 Q4/16 Q1/17 Western Europe Q2/16 Q3/16 Q4/16 Q1/17 -0.6% 12.3% 0.9% 6.6% Q2/16 Q3/16 Q4/16 Q1/17 -1.2% 22.4% 33.9% 46.3% 11.3% 13.9% 9.7%
Slide 7: Industrial Trucks & Services: KION Development
Industrial Trucks & Services: KION Development Strong growth across all regions in Q1 Industrial trucks: Regional development Western Europe Order intake (in ‘000 units) and growth y-o-y (in %) – Market: Persisting growth momentum Q1 2017 – KION: Good start into the year Market KION Eastern Europe –
Slide 8: Agenda
Agenda 1. Highlights 2. Market Update 3. Financial Update 4. Outlook 8 KION GROUP AG | Q1 2017 Update Call | 27 Apr 2017 © 2017 KION GROUP AG. All rights reserved
Slide 9: Q1 2017 Key Financials
Q1 2017 Key Financials Dynamic start into 2017 Order intake Revenue Adj. EBIT and margin Net Income (in €m) (in €m) (in €m and %) (in €m) +45.1% +48.4% 8.1% 8.4% 1,882 1,811 1,297 1,221 +55.1% +27.2% 99 153 33 42 Q1 2016 Q1 2017 Q1 2016 Q1 2017 Q1 2016 Q1 2017 Q1 2016 Q1 2017 − No FX-impact − No FX-
Slide 10: Segment Financials: Industrial Trucks & Services
Segment Financials: Industrial Trucks & Services Margin improvement to 9.8% in Q1 2017 Key financials Revenue by category Based on FY 2016 financials Order intake +12.5% (in €m) 1,257 1,415 Q1 2016 Q1 2017 Services New business 45% 55% Revenue +10.5% (in €m) 1,197 1,323 Q1 2016 Q1 2017 Adj. EBIT and
Slide 11: Segment Financials: Supply Chain Solutions
Segment Financials: Supply Chain Solutions Solid margin at 7.1% in Q1 2017 Key financials Revenue by category Based on FY 2016 financials Order intake (in €m) 461 35 Q1 2016 Q1 2017 Services Business solutions 28% 72% Revenue (in €m) 483 20 Q1 2016 Q1 2017 Adj. EBIT and Segment composition margin -4
Slide 12: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income Strong net income increase despite Dematic PPA Q1 Q1 (in €m) 2017 2016 Change Explanations Adjusted EBITDA 263 192 37.2% − Non-recurring items result mainly D&A 110 93 18.2% from expenses relating to Adjusted EBIT 153 99 55.1% integration costs and the Monterrey Non-rec
Slide 13: Free Cash Flow Statement
Free Cash Flow Statement Strong free cash flow Q1 Q1 (in €m) 2017 2016 Change Explanations EBITDA 253 190 33.3% − Operating performance and stable Change in Net Working Capital (NWC) 11 -92 >100% NWC drive strong free cash flow Taxes paid -26 -18 -49.8% − NWC includes inventories, trade Pension paym
Slide 14: Net Debt
Net Debt Improvement in net debt and leverage Net debt as at 31 Mar 2017 Net debt development (in €m and leverage as multiple of LTM adjusted EBITDA) − Group net financial debt decreased by €46m compared to Dec 2016 2.6x1 3.2x2 4.2x2 − Leverage on industrial net operating debt 972 4,186 reduced from
Slide 15: Agenda
Agenda 1. Highlights 2. Market Update 3. Financial Update 4. Outlook 15 KION GROUP AG | Q1 2017 Update Call | 27 Apr 2017 © 2017 KION GROUP AG. All rights reserved
Slide 16: FY 2017 Outlook
FY 2017 Outlook Guidance detailed by segment KION Group Industrial Trucks & Services Supply Chain Solutions Outlook Outlook Outlook (in €m) FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 Order intake 5,833 7,800 – 8,250 5,383 5,450 – 5,600 431 2,350 – 2,650 Revenue 5,587 7,500 – 7,950 5,203 5,300 –
Slide 17: Financial Calendar
Financial Calendar Date Event 11 May 2017 Annual General Meeting 26 July 2017 Interim report for the period ended 30 June 2017 (Q2 2017) and analyst call 26 Oct 2017 Quarterly statement for the period ended 30 Sep 2017 (Q3 2017) and analyst call Subject to change without notice 17 KION GROUP AG | Q1
Slide 18: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”) solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral presentation of the slides by representatives of the Company (or any