Etteplan Oyj · OMXHEX:ETTE
Etteplan Oyj — Investor Presentation (2010)
24 slides from Etteplan Oyj's investor presentation, 2010
Slide 1: Etteplan Oyj
Etteplan Oyj Leading engineering and expertise service company in industrial equipment segment
Slide 2: Contents
Contents Etteplan as an investment object Financial development Outlook 2010 Detailed financial information
Slide 3: Leading expert in industrial technology
Leading expert in industrial technology Vision: ”The number one partner for each customer” The aim is to grow organically at least 10% annually Market value approximately € 55 million, listed since 2000 Revenue in 2009 almost € 100 million, personnel over 1 500 Three complementing service areas expe
Slide 4: Strong competitive position
Strong competitive position Leading position No. 1 in Finland Among 15 biggest in Europe Long-term customers global leading machinery and equipment manufacturers as customers 75% of revenue comes from 30 largest customers Cost effective solutions China Leading edge competence broad technical compete
Slide 5: Profitable growth
Profitable growth Productized service solutions in 2010 Boosting operations with divestments and operations Operating permit for adjustments in 2009 Russia in 2009 Market share among clientele grows 2008-2009 – framework agreements Strong growth in China from year 2004 From year 2003, significant in
Slide 6: Service solutions for all stages of the product life cycle
Service solutions for all stages of the product life cycle Expertise services raise the competitiveness of customers’ Expertise products by offering flexible and proven leading edge services technology services. Operational services increase customers’ technical design and product information manage
Slide 7: Customers are global companies that are leading in their fields
Customers are global companies that are leading in their fields Customer industries Sales energy and power transmission industry framework agreements with aerospace and defence equipment industry central key customers manufacturers of elevators, escalators, 75% of revenue comes from hoists, and conv
Slide 8: Professional personnel
Professional personnel Average number of personnel Etteplan is Finland’s biggest 2005-2009 technical design and product 2000 information employer 1800 1895 1600 1400 1501 1763 1765 High level of education (B.Eng, 1200 1000 1230 M.Sc (Eng.)) and broad 800 600 competence in different technical 400 200
Slide 9: Engineering service market segments
Engineering service market segments Non-residential Infrastructure buildings Industrial Power generation processes facilities •Global market for industrial Etteplan’s equipment segment is segment appr. EUR 30 billion •The demand for field’s Industrial equipment services exceeds the pace of (IE) glob
Slide 10: Trends guiding industrial technology demand
Trends guiding industrial technology demand Shortened life cycles of products Growing need for data management in machinery and equipment Increase in eco-efficiency Increase of technical health care Increasing requirements for cost efficiency Cyclical fluctuation of demand increases New markets, new
Slide 11: Development of business environment
Development of business environment Engineering independent of time and place - Customers focus Total solutions digitalization their procurements Customer operates Customers transfer to globally developing markets Customers expect Adequate and China operations flexibility and cost flexible engineeri
Slide 12: Risk management
Risk management Etteplan’s risk management concentrates especially to: Anticipating the development of customers’ order books Availability of competent personnel Elimination of engineering mistakes Supervision of company acquisition success Supervision of the need to goodwill write-down
Slide 13: Strategy 2010-2012
Strategy 2010-2012 Good clientele, sound market position, new product solutions and functioning service and group structure create good operating prospects for the company. During the strategy period concentration will be on the development of the following areas: Customer focus offering Etteplan’s
Slide 14: Key figures
Key figures* (EUR 1 000) 4-6/2010 4-6/2009 1-6/2010 1-6/2009 1-12/2009 Revenue 26 782 25 255 51 635 54 766 98 700 Operating profit/ loss 1 859 -4 367 2 984 -3 184 -3 587 Operating profit/ loss % 6,9 -17,3 5,8 -5,8 -3,6 Profit/ loss for the period 1 211 -3 344 1 903 -2 578 -3 287 Profit/ loss for the
Slide 15: Outlook 2010
Outlook 2010 The revenue in 2010 is estimated to be approximately on the same level as in year 2009. Adjustments done in year 2009 improve company's profitability and operating profit’s positive development is estimated to continue. The revenue and operating profit estimates are based on Etteplan’s
Slide 16: Detailed financial information
Detailed financial information
Slide 17: Revenue and operating profit 2005 – 2009
Revenue and operating profit 2005 – 2009 (EUR million) Revenue (meuro) Operating Profit (meuro) 160,0 16 14 140,0 12 120,0 10 100,0 8 6 80,0 4 60,0 2 40,0 0 -2 20,0 -4 0,0 -6 2005 2006 2007 2008* 2009* * continuing operations
Slide 18: Earnings per Share 2005 – 2009
Earnings per Share 2005 – 2009 (EUR) 0,50 0,40 0,45 0,40 0,30 0,20 0,21 0,10 0,16 0,00 -0,17 -0,10 -0,20 -0,30 2005 2006 2007 2008* 2009* * continuing operations
Slide 19: Dividends 2005 – 2009
Dividends 2005 – 2009 (EUR/share) 0,25 0,2 0,21 0,15 0,13 0,1 0,10 0,08 0,05 0,04 0 2005 2006 2007 2008 2009
Slide 20: Income statement
Income statement (EUR 1 000) 4-6/2010 4-6/2009 1-6/2010 1-6/2009 1-12/2009 Revenue 26 782 25 255 51 635 54 766 98 700 Other operating income 442 172 519 339 392 Materials and services -2 670 -2 456 -4 549 -5 090 -8 077 Staff costs -18 646 -22 954 -36 876 -44 017 -75 851 Other operating expenses -3 6
Slide 21: Balance Sheet
Balance Sheet (EUR 1 000) 30.6.2010 30.6.2009 31.12.2009 Goodwill 32 730 33 695 31 184 Investments available for sales 690 411 691 Non-current assets, total 36 552 38 303 35 329 Trade and other receivables 21 812 29 538 18 645 Current tax assets 21 3 816 1 079 Cash and cash equivalents 3 389 2 345 6
Slide 22: Cash Flow
Cash Flow (EUR 1 000) 1-6/2010 1-6/2009 1-12/2009 Operating cash flow (A) -885 -4 477 2 078 Investing cash flow (B) -1 326 -398 -1 956 Cash flow after investments (A + B) -2 211 -4 875 122 Financing cash flow (C) -1 317 5 351 4 547 Variation in cash (A + B + C) -3 528 476 4 669 Assets in the beginni
Slide 23: Investor information contact persons
Investor information contact persons President and CEO Matti Hyytiäinen, tel. +358 (0)10 307 3200, [email protected] Vice President, HR & Communications Outi-Maria Liedes, tel. +358 (0)10 307 3251, [email protected]
Slide 24: Slide 24