Componenta Oyj · OMXHEX:CTH1V
Componenta Oyj — FY2004 Earnings Presentation
27 slides from Componenta Oyj's earnings presentation, February 2005
Slide 1: Componenta Corporation Financial Statements 1 January - 31 December 2004
Componenta Corporation Financial Statements 1 January - 31 December 2004 N
Slide 2: Income statement
Income statement MEUR 2004 2003 1 - 12 1 - 12 Net sales 316.1 177.8 Change in net sales % +78 -2 Operating profit of Cast and Other Components 11.6 8.2 Operating profit of De Globe -1.7 - Operating profit of Other Business 1.5 -0.1 Operating profit (excluding one-time items) 11.4 8.1 Financial incom
Slide 3: Income statement Q4
Income statement Q4 jbro OMMQ OMMP NM=J=NO NM=J=NO kÉí=ë~äÉë VNKR QSKN `Ü~åÖÉ=áå=åÉí=ë~äÉë=B HVU HQ ===léÉê~íáåÖ=éêçÑáí=çÑ=`~ëí=~åÇ=líÜÉê=`çãéçåÉåíë QKO NKT ===léÉê~íáåÖ=éêçÑáí=çÑ=aÉ=däçÄÉ JNKR J ===léÉê~íáåÖ=éêçÑáí=çÑ=líÜÉê=_ìëáåÉëë MKQ MKS léÉê~íáåÖ=éêçÑáí==EÉñÅäìÇáåÖ=çåÉJíáãÉ=áíÉãëF PKO OKP ===cá
Slide 4: Key Ratios
Key Ratios 31.12.2004 31.12.2003 Earnings per share (EPS), EUR 2.14 -0.47 Equity ratio, % 32.1 31.1 (preferred capital note in equity) Return on equity, % 35.5 -11.8 Equity per share, EUR 5.45 3.31 Invested capital, MEUR 200.8 159.3 Return on investment, % 13.1 0.8 Net interest bearing debt, MEUR 11
Slide 5: Cash flow
Cash flow MEUR 1.-31.12.2004 1.-31.12.2003 ====mêçÑáíLäçëë=ÄÉÑçêÉ=Éñíê~çêÇáå~êó=áíÉãë NRKS JTKR ====aÉéêÉÅá~íáçåI=~ãçêíáò~íáçå=~åÇ=ïêáíÉJÇçïå VKU NSKM ====kÉí=Ñáå~åÅá~ä=áåÅçãÉ=~åÇ=ÉñéÉåëÉë TKS TKT ====líÜÉê=áåÅçãÉ=~åÇ=ÉñéÉåëÉëI=~ÇàìëíãÉåíë=íç=Å~ëÜ=Ñäçï JNTKM OKV ====`Ü~åÖÉ=áå=åÉí=ïçêâáåÖ=Å~éáí~ä NKT
Slide 6: Review period in brief
Review period in brief = O få=g~åì~êó=ëÜ~êÉë=áå=~ëëçÅá~íÉÇ=Åçãé~åó=qÜÉêãá~=^_=ïÉêÉ=ëçäÇ=íç=mêçÅìêáí~ë `~éáí~ä=fåîÉëíçêë=fff=~í=~=éêáÅÉ=çÑ=jbro=NSKM=~åÇ=~=éêçÑáí=çÑ=jbro=UKQ=ï~ë=êÉÅçêÇÉÇ çå=íÜÉ=ë~äÉK O=få=j~êÅÜ=RRB=çÑ=íÜÉ=ëÜ~êÉë=~åÇ=îçíáåÖ=êáÖÜíë=ïÉêÉ=~ÅèìáêÉÇ=çÑ=íÜÉ=aìíÅÜ=ÑçìåÇêó Åçãé~åó=aÉ=däçÄÉ=~í
Slide 7: Price of scrap
Price of scrap O=qÜÉ=éêáÅÉ=çÑ=ëÅê~é=êçëÉ=ÉñÅÉéíáçå~ääó=ëÜ~êéäó=~í=íÜÉ=ëí~êí=çÑ=íÜÉ=óÉ~ê ~åÇ=íÜÉ=éêáÅÉ=çÑ=íÜÉ=ëíÉÉä=ëÅê~é=Öê~ÇÉë=ìëÉÇ=Äó=ÑçìåÇêáÉë=ï~ë=VRB ÜáÖÜÉê=~í=íÜÉ=ÉåÇ=çÑ=íÜÉ=êÉîáÉï=óÉ~ê=íÜ~å=íÜÉ=~îÉê~ÖÉ=éêáÅÉ=áå=OMMPK O=qÜÉ=áãé~Åí=çå=Åçëíë=çÑ=íÜÉ=êáëÉ=áå=ëÅê~é=éêáÅÉë=ï~ë=é~ëëÉÇ=çå=íç éêçÇìÅí=éê
Slide 8: Package scrap price (eur / tn)
Wvstahl Sorte 8 pakettiromu / package scrap (eur / tn) (Lähde / Source: Wvstahl) 300 WV Stahl Sorte 8 (package) 290 279,2 280 Fob Rotterdam HMS1/2 (eur/tn) 277,1 270 260 WV Stahl Sorte 8 (package) yearly 259,8 262,3 250 average 257,3 240 230 217,8 220 210 199,9 200 190 eur / tn 180 176,8 170 160 150
Slide 9: Markets and developments by customer sector
Markets and developments by customer sector O=`çãéçåÉåí~Ûë=åÉí=ë~äÉë=êçëÉ=TUB=íç=jbro=PNSKN=~ë=íÜÉ=êÉëìäí=çÑ çêÖ~åáÅ=ÖêçïíÜ=áå=ë~äÉë=~åÇ=íÜÉ=~Åèìáëáíáçå=çÑ=aÉ=däçÄÉK O=kÉí=ë~äÉë=çÑ=íÜÉ=`~ëí=~åÇ=líÜÉê=`çãéçåÉåíë=ÄìëáåÉëë=Öêçìé=áåÅêÉ~ëÉÇ NRBI=çÑ=aÉ=däçÄÉ=PTB=~åÇ=çÑ=líÜÉê=_ìëáåÉëë=OOBK O=`çãéçåÉåí~Ûë=Ç
Slide 10: Net sales and order book
Net sales and order book Net sales Order book jbro jbro 100 70 90 60 80 70 50 60 40 50 40 30 30 20 20 10 10 0 0 I II III IV I II III IV 2004 De Globe 2004 Cast and Other Components and Other Business 2003 Cast and Other Components and Other Business NM
Slide 11: Operating profit and result after financial items (excluding one-time items)
Operating profit and result after financial items (excluding one-time items) Operating profit Profit/loss after financial items MEUR % MEUR 6 7 3,5 3 5 6 2,5 5 2 4 4 1,5 3 1 3 0,5 2 2 0 1 1 -0,5 I II III IV -1 0 0 -1,5 I II III IV 2003 2004 2003 2004 2003 % 2004 % NN
Slide 12: Equity ratio, %
Equity ratio, % 35 30 25 20 15 10 5 0 31.12.2003 31.12.2004 Preferred capital note in equity Preferred capital note in debt NO
Slide 13: Division of sales
Division of sales Sales by market area Sales by business group 19 % 13 % 6% 35 % 35 % 40 % 52 % Central Europe Cast and Other Components Scandinavia De Globe Finland Other Business Other countries NP
Slide 14: Sales to customer industries
Sales to customer industries Heavy Off-road Machine Power and Others trucks building transmission 47% (55%) 24% (12%) 15% (14%) 12% (15%) 3% (4%) NQ
Slide 15: Sales to heavy truck industry
Sales to heavy truck industry MEUR 50 2004 De Globe 45 40 2003 De Globe 35 30 25 2004 Cast and Other 20 Components and 15 Other Business 10 2003 Cast and Other 5 Components and 0 Other Business I II III IV NR
Slide 16: Sales to off-road industry
Sales to off-road industry MEUR 22 2004 De Globe 20 18 16 2003 De Globe 14 12 10 2004 Cast and Other 8 Components and 6 Other Business 4 2003 Cast and Other 2 Components and 0 Other Business I II III IV NS
Slide 17: Sales to machine building industry
Sales to machine building industry MEUR= 14 2004 De Globe 12 10 2003 De Globe 8 6 2004 Cast and Other Components and 4 Other Business 2 2003 Cast and Other 0 Components and Other Business I II III IV NT
Slide 18: Sales to power and transmission industry
Sales to power and transmission industry MEUR= 2004 De Globe 12 10 2003 De Globe 8 6 2004 Cast and Other 4 Components and Other Business 2 2003 Cast and Other 0 Components and I II III IV Other Business NU
Slide 19: Cast and Other Components
Cast and Other Components Net sales Operating profit jbro jbro % 50 5 10 45 4,5 9 40 4 8 35 3,5 7 30 3 6 25 2,5 5 20 2 4 15 1,5 3 10 1 2 5 0,5 1 0 0 0 I II III IV I II III IV 2003 2004 2003 2004 2003 % 2004 % NV
Slide 20: Performance of Cast and Other Components
Performance of Cast and Other Components O =qÜÉ=êáëáåÖ=éêáÅÉ=çÑ=ëÅê~é=ïÉ~âÉåÉÇ=íÜÉ=ÄìëáåÉëë=ÖêçìéÛë=êÉëìäíK O=qÜÉ=áãé~Åí=çå=Åçëíë=çÑ=íÜÉ=êáëÉ=áå=íÜÉ=éêáÅÉ=çÑ=ëÅê~é=ï~ë=é~ëëÉÇ=çå=íç éêçÇìÅí=éêáÅÉë=ÇìêáåÖ=íÜÉ=ëÉÅçåÇ=~åÇ=ÑçìêíÜ=èì~êíÉêëK=pÅê~é=éêáÅÉë=ïÉêÉ ÉñíêÉãÉäó=îçä~íáäÉK O =mêçÇìÅíáçå=~í=^äîÉëí~=ÅÉ
Slide 21: De Globe
De Globe Net sales Operating profit % jbro jbro 35 1 2 30 0,5 0 0 -2 25 I II III IV -0,5 -4 20 -1 -6 15 -1,5 -8 10 -2 -10 5 -2,5 -12 0 -3 -14 I II III IV 2003 2004 2003 2004 2003 % 2004 % ON
Slide 22: Performance of De Globe
Performance of De Globe = O o~éáÇ=ÖêçïíÜ=áå=åÉí=ë~äÉëK O=qÜÉ=êÉëìäí=ëìÑÑÉêÉÇ=Ñêçã=íÜÉ=ëïáíÅÜ=íç=åçåJÅçåíáåìçìë=íÜêÉÉJëÜáÑí=éêçÇìÅíáçå ~í=íÜÉ=eçÉåëÄêçÉâ=~åÇ=tÉÉêí=ÑçìåÇêáÉëI=íç=ÅçéÉ=ïáíÜ=íÜÉ=ã~àçê=áåÅêÉ~ëÉ=áå éêçÇìÅíáçåI=~åÇ=Ñêçã=íÜÉ=áåÅêÉ~ëÉ=áå=íÜÉ=éêáÅÉ=çÑ=ëÅê~éK O=qÜÉ=éêáÅÉ=ëíêìÅíìêÉ=Ü~ë=ÄÉÉå=áå=ë
Slide 23: Other Business
Other Business Net sales Operating profit (excluding one-time items) jbro 14 jÉ 12 1,5 10 1 8 0,5 6 0 4 I II III IV -0,5 2 0 -1 I II III IV 2003 2004 2003 2004 OP
Slide 24: Other Business and Associated companies
Other Business and Associated companies O=kÉí=ë~äÉë=çÑ=íÜÉ=táêëÄç=ÑçêÖÉë=áåÅêÉ~ëÉÇ=Ñêçã=íÜÉ=éêÉîáçìë=óÉ~ê=~åÇ çéÉê~íáåÖ=éêçÑáí=áãéêçîÉÇ=~åÇ=íìêåÉÇ=éçëáíáîÉ=áå=ÅçåëÉèìÉåÅÉ=çÑ=íÜÉ=Åçëí ÅìííáåÖ=éêçÖê~ããÉK O=qÜÉ=Åçëí=ÅìííáåÖ=éêçÖê~ããÉ=~åÇ=~Åíáçå=íç=ÉåÜ~åÅÉ=çéÉê~íáçåë=~êÉ ÉñéÉÅíÉÇ=íç=ÅçåíáåìÉ=íç=áãéêçîÉ=
Slide 25: Prospects Q1/2005
Prospects Q1/2005 O=`çãéçåÉåí~Ûë=éêçëéÉÅíë=áå=OMMR=~êÉ=Ä~ëÉÇ=çå=ÖÉåÉê~ä=ÉñíÉêå~ä=Ñáå~åÅá~ä áåÇáÅ~íçêëI=çêÇÉê=ÑçêÉÅ~ëíë=ÖáîÉå=Äó=ÅìëíçãÉêëI=~åÇ=çå=`çãéçåÉåí~Ûë=çêÇÉê áåí~âÉ=~åÇ=çêÇÉê=ÄççâK O=qÜÉ=ÖêçïíÜ=áå=ÇÉã~åÇ=Ñçê=ÜÉ~îó=íêìÅâ=ÅçãéçåÉåíëI=ïÜáÅÜ=ëí~êíÉÇ=íçï~êÇë íÜÉ=ÉåÇ=çÑ=OMMPI=ÅçåíáåìÉÇ=íç=ëíêÉåÖíÜÉ
Slide 26: Prospects Q1/2005
Prospects Q1/2005 O=`çãéçåÉåí~Ûë=çêÇÉê=Äççâ=Äìáäí=ìé=ÅçåëáÇÉê~Ääó=ÇìêáåÖ=OMMQ=~åÇ ëíççÇ=~í=~=ëíêçåÖ=äÉîÉä=~í=íÜÉ=ÉåÇ=çÑ=aÉÅÉãÄÉêK O=`çãéçåÉåí~Ûë=åÉí=ë~äÉë=áå=íÜÉ=Ñáêëí=èì~êíÉê=çÑ=OMMR=~êÉ=ÑçêÉÅ~ëí=íç Öêçï=Ñêçã=íÜÉ=éêÉîáçìë=óÉ~ê=~åÇ=íç=ã~íÅÜ=íÜçëÉ=áå=íÜÉ=Ñáå~ä=èì~êíÉê çÑ=OMMQK O=qÜÉ=êÉëìäí=~ÑíÉê=Ñáå~
Slide 27: Long term financial objectives
Long term financial objectives O oÉíìêå=çå=áåîÉëíãÉåí=EolfF=íç=ÄÉ=ÄÉíïÉÉå=NM=~åÇ=OM=éÉê=ÅÉåí=çîÉê íÜÉ=ÉÅçåçãáÅ~ä=ÅóÅäÉ O=mêçÑáí~ÄäÉ=çêÖ~åáÅ=ÖêçïíÜ=Ä~ëÉÇ=çå=~ÇÇáåÖ=î~äìÉ=Äó=áåÅêÉ~ëáåÖ ëÜ~êÉ=çÑ=ÉåÖáåÉÉêáåÖ=~åÇ=ÅìëíçãÉêë=çìíëçìêÅáåÖ=çéÉê~íáçåë O=bèìáíó=ê~íáç=çå=íÜÉ=äÉîÉä=çÑ=QM=éÉê=ÅÉåí O=aáîáÇÉåÇ=PM=J=