WashTec AG · XETR:WSU
WashTec — H1 2014 Earnings Presentation
10 slides from WashTec's earnings presentation, Aug 5, 2014
Slide 1: WashTec AG H1 2014 Report Conference Call
WASHTEC AG H1 2014 Report Conference Call WashTec AG H1 2014 Report, Conference Call August 05, 2014
Slide 2: H1 2014: Facts & Figures
H1 2014: Facts & Figures Revenues and EBIT improved due to positive business development in Core Europe Revenues (in €m) EBIT (in €m) Net Cash Flow (in €m) EBIT margin (in %) 142.6 141.9 139.9 5.9 11.1 5.8 7.7 7.3 2.8 4.1 4.2 2.0 2012 2013 2014 2012 2013 2014 2012 2013 2014 • Revenues increased by 1
Slide 3: Solid balance sheet structure
H1 2014: Facts & Figures Solid balance sheet structure Equity ratio (in %) Net finance debt** (in €m) 50.4 45.5 6.9 2.9 End 2013 H1/2014 End 2013 H1/2014 ** Net bank debt plus long-term and short-term finance leasing • Equity ratio: slight decrease mainly due to lower eqity caused by dividend paymen
Slide 4: Revenues and earnings development
H1 2014: Facts & Figures Revenues and earnings development Revenues total (H1) Revenues by segment (H1) in €m in €m 141.9 Core Europe North America Eastern Europe Asia/Pacific 117.7 139.9 22.2 +2.0 20.8 113.3 +4.4 -1.4 -2.9 -0.3 7.6 4.7 5.4 5.1 H1/2013 H1/2014 H1/2013 H1/2014 H1/2013 H1/2014 H1/2013
Slide 5: Profit/Loss Statement
H1 2014: Facts & Figures Profit/Loss Statement P+L H1 2014 H1 2013 Revenues 141.9 139.9 Increase due to changed mix of products and Gross margin 86.3 (60.8%) 83.6 (59.7%) regions and higher revenues Increase mainly due to tariff increases in Core Personnel expenses (54.6) [38.5%] (53.1) [38.0%] Euro
Slide 6: Very solid balance sheet structure
H1 2014: Facts & Figures Very solid balance sheet structure June 30, 2014 Dec. 31, 2013 Balance sheet total 181.8 174.2 Goodwill 42.3 42.3 Equity 82.7 87.8 Equity ratio at 45.5% Increase mainly due to dividend Net finance debt 6.9 2.9 payment Increase primarily because Net current assets 70.2 65.2 r
Slide 7: Outlook 2014
Backup Outlook 2014 For the Group: stable revenues and a slight increase in earnings and EBIT margin (before restructuring costs of the efficiency program) • Core Europe: slight increase in revenues, earnings and EBIT margin • Eastern Europe: slight decline in revenues and significant reduction in e
Slide 8: Share
H1 2014: Facts & Figures Share Share performance Analyst Coverage Analyst Recommen- Target (+ Date) dation Price (€) BHF (02/13) Overweight 11.70 Hauck & Aufhäuser Buy 14.00 (05/14) SDAX HSBC (04/14) Overweight 14.00 WashTec MM Warburg (03/14) Buy 15.00 Average 13.68 Trade Volume (Xetra) Kempen Euro
Slide 9: Financial calendar
Backup Financial calendar August 5, 2014 1H/14 report November 4, 2014 3Q/14 report November 24 - 26, 2014 Equity Forum WashTec AG H1 2014 Report, 9 Conference Call August 05, 2014
Slide 10: Disclaimer
No offer: This document does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment whatsoever