Huber + Suhner AG · SIX:HUBN
Huber + Suhner — H1 2014 Earnings Presentation
18 slides from Huber + Suhner's earnings presentation, Aug 19, 2014
Slide 1: First half year 2014
19.08.2014 First half year 2014 19 August 2014 | Media and analysts' conference Agenda Overview of first half year 2014 Urs Kaufmann (CEO) Financial results Ivo Wechsler (CFO) Outlook Urs Kaufmann (CEO) Questions Focus on railway Patrick Riederer (COO Low Frequency) Connected Mobility Cornel Huber (
Slide 2: Overview of first half year 2014
19.08.2014 Overview of first half year 2014 Clear increase in order intake and improved earning power • Significant increase in order intake – Fourth generation mobile communication (LTE) – Railway – Considerable growth spurt in Asia • Slightly lower net sales – Currency and copper – Base effect Fib
Slide 3: Half-year development: Spurt in order intake, stronger net sales
19.08.2014 Overview of first half year 2014 Half-year development: Spurt in order intake, stronger net sales CHF million 450 14% 409 400 388 12% 367 352 350 331 332 10% 300 8% 250 6% 200 4% 150 2% 100 0% H1/13 H2/13 H1/14 Order intake Net sales Excellence in Connectivity Solutions 19 August 2014 | M
Slide 4: Technologies, markets and segment net sales
19.08.2014 The 3 dimensions of our business "Electrical and optical connectivity" APAC Americas EMEA Commu- Transpor- Industrial nication tation RF Radio Frequency Technologies FO Fiber Optics Low Frequency LF Markets Excellence in Connectivity Solutions 19 August 2014 | Media and analysts' conferen
Slide 5: Radio Frequency and Fiber Optics results
19.08.2014 Overview of first half year 2014 Radio Frequency: Higher order intake – continued high earning power CHF million Most important aspects • Noticeable increase in order intake H1/14 H1/13 ∆% • „Communication“ and „Antennas Order intake 125.3 107.0 +17.1 for Railway“ Net sales 116.1 115.9 +0
Slide 6: Low Frequency and net sales by markets
19.08.2014 Overview of first half year 2014 Low Frequency: Base effect Solar – financial turnaround CHF million Most important aspects • Slightly lower order intake and net H1/14 H1/13 ∆% sales Order intake 145.0 150.8 -3.9 • Currency and copper effect Net sales 135.7 144.0 -5.7 • Base effect Solar
Slide 7: Net sales by regions; Conclusion first half year 2014
19.08.2014 Overview of first half year 2014 Net sales by regions: Growth impulses from Asia, decline in Americas CHF million 250 200 -5% 19% 150 +27% 100 H1/2014 53% -31% 50 28% 0 EMEA (incl. Asia-Pacific Americas Switzerland) H1/2013 EMEA (incl. Switzerland) H1/2014 Asia-Pacific Americas Excellence
Slide 8: Financial results: Factors impacting on the top line
19.08.2014 Agenda Overview of first half year 2014 Urs Kaufmann (CEO) Financial results Ivo Wechsler (CFO) Outlook Urs Kaufmann (CEO) Questions Focus on railway Patrick Riederer (COO Low Frequency) Connected Mobility Cornel Huber (Market Manager Instrumentation + Railway) Buffet lunch 19 August 2014
Slide 9: Gross margin and operating costs
19.08.2014 Financial results Gross margin greatly improved CHF million 200 40% Contributing factors 36.5% • Efficiency 34.6% 33.9% 35% improvement • Cost optimisation 100 30% 134 134 113 25% Gross profit 0 20% Gross margin H1/13 H2/13 H1/14 Excellence in Connectivity Solutions 19 August 2014 | Media
Slide 10: Factors impacting on the EBIT
19.08.2014 Financial results Factors impacting on the EBIT CHF million +4.4 million 1.7 million 6.9 million 40 +15% ~ (4.2) million 30 20 33.8 29.4 10 0 EBIT Organic Currency One-off EBIT H1/2013 + copper effects H1/2014 Excellence in Connectivity Solutions 19 August 2014 | Media and analysts' confe
Slide 11: Net financial results and tax rate
19.08.2014 Financial results Pleasing net financial results once again CHF million 3 2.5 2.5 1.7 2 1.5 2.5 1 1.9 0.5 0 -0.2 -0.5 H1/2013 H1/2014 Net currency other net financial results Excellence in Connectivity Solutions 19 August 2014 | Media and analysts' conference 21 Financial results Marked r
Slide 12: Factors impacting on net income; balance sheet
19.08.2014 Financial results Factors impacting on net income -0.8 million 5.3 million 1.7 million 4.4 million CHF million Earnings per share 23% (CHF) -3% 19% 7% 30 1.18 ► 1.45 (+23%) 20 28.3 23.0 10 0 Net income Impact Financial Income Net income H1/2013 on EBIT result tax H1/2014 Excellence in Con
Slide 13: Investments and free cash flow
19.08.2014 Financial results Increase in investments due to purchase of building CHF million 30 • Industrial premises in Pfäffikon (European Logistics Centre) 20 • Production and assembly capacities (mainly China) 27.2 10 11.0 0 H1/13 H1/14 Excellence in Connectivity Solutions 19 August 2014 | Media
Slide 14: Financial assessment H1/14
19.08.2014 Financial assessment H1/14 Marked increase in order intake Book-to-bill ratio > 1 in all 3 divisions Increased operative earning power (slightly above target range) Low tax rate No free operating cash flow Excellence in Connectivity Solutions 19 August 2014 | Media and analysts'
Slide 15: Our 3x3 strategy and growth drivers
19.08.2014 Outlook Our 3x3 strategy: 3 technologies, 3 markets Radio Frequency Fiber Optics Low Frequency Communication Transportation Industrial Excellence in Connectivity Solutions 19. August 2014 | Medien- und Analystenkonferenz 29 Outlook Our growth drivers Appetite for broadband "Connected mobi
Slide 16: Current most important market factors
19.08.2014 Outlook Current most important market factors LTE: Global roll-outs gain momentum • USA and Canada continue strong • Network investments well under way: • China • India • Australia and others • Potential for Fiber Optics and Radio Frequency Railway: Consistently strong investment cycle •
Slide 17: Outlook for the full year 2014
19.08.2014 Outlook Trends anticipated in second half year 2014 (compared with first half year) APAC Americas EMEA Commu- Transpor- Industrial nication tation RF Radio Frequency Technologies FO Fiber Optics Low Frequency LF Markets Excellence in Connectivity Solutions 19 August 2014 | Media and analy
Slide 18: Your questions
19.08.2014 Your questions 19 August 2014 | Media and analysts' conference Agenda Overview of first half year 2014 Urs Kaufmann (CEO) Financial results Ivo Wechsler (CFO) Outlook Urs Kaufmann (CEO) Questions Focus on railway Patrick Riederer (COO Low Frequency) Connected Mobility Cornel Huber (Market