R. Stahl Aktiengesellschaft · XETR:RSL2

R. Stahl Aktiengesellschaft — Q1 2015 Earnings Presentation

19 slides from R. Stahl Aktiengesellschaft's earnings presentation, May 7, 2015

  1. Slide 1: Group financial results Q1 2015

    Group financial results Q1 2015 Analysts’ conference call, 7th May

  2. Slide 2: Agenda

    Agenda Business Highlights 2 Group Financial Results 3 Outlook Q1 2015 2

  3. Slide 3: Business Highlights Q1 2015

    Business Highlights Q1 2015 Strong growth in New helideck Biggest project Order for new oil Asia/Pacific lighting solution in the history of field in Norway R. STAHL Sales in Asia/Pacific Complete integrated Major project won for First order for Johan almost doubled Circle & H Lighting LNG plant in

  4. Slide 4: Agenda

    Agenda 1 Business Highlights 2 Group Financial Results 3 Outlook Q1 2015 4

  5. Slide 5: Financial Overview Q1 2015

    Financial Overview Q1 2015 in million € Q1 2015 Q1 2014 ∆ in % Order Intake 88.4 88.4 - Order Backlog 99.7 84.8 17.6 % Sales 82.2 67.6 21.6 % EBIT 4.1 1.8 128.1 % STRONG GROWTH IN SALES AND EBIT  Order intake of 88.4 million € on previous year’s level with particularly strong demand in Asia/Pacific

  6. Slide 6: Order Intake on Previous Year's Level

    Order Intake on Previous Year‘s Level in million € (7.2) % 35.0 32.4 32.9 % (1.9) % (17.6) % 23.8 18.1 17.7 17.4 17.9 14.4 Germany Europe w/o Germany America Asia/Pacific Q1 2014 Q1 2015 6

  7. Slide 7: Sales especially strong in America and Asia/Pacific

    Sales especially strong in America and Asia/Pacific in million € 7.3 % 34.5 32.2 (9.2) % 91.5 % 57.7 % 16.9 17.8 15.4 14.5 9.2 9.3 Germany Europe w/o Germany America Asia/Pacific Q1 2014 Q1 2015 7

  8. Slide 8: EBIT Driven by Strong Sales Growth

    EBIT Driven by Strong Sales Growth EBIT in million € EBIT-margin in % 128 % 7.5 Growing top 5.0 % line improves margin 5.2 4.1 2.7 % 3.8 1.8 Q1 Q2 Q3 Q4 Q1 Q1 Q1 2014 2015 2014 2015 8

  9. Slide 9: Cash Flow Improved by Sale of Treasury Shares

    Cash Flow Improved by Sale of Treasury Shares in million € 5.1 (0.6) Q1 2014 (1.9) (2.0) Q1 2015 (4.4) (4.4) (4.9) (6.2) Cash flow from Capex Free cash flow Cashflow from operating activities financing activities TRANSFER OF TREASURY SHARES IMPROVES CASH FLOW  Increased cash flow due to higher net

  10. Slide 10: Impacts on Equity

    Impacts on Equity in million € 12.8 7.6 91.3 11.2 74.9 Equity Dissolution of the Capital reserve Pension obligations Equity Dec. 2014 deduction for Mar. 2015 treasury shares EQUITY RATIO INCREASED TO 32.7 %  Sale of treasury shares for 24.5 million €  13.3 million € proceeds that do not affect net

  11. Slide 11: Agenda

    Agenda 1 Business Highlights 2 Group Financial Results 3 Outlook Q1 2015 11

  12. Slide 12: Low Oil Price Burdens Forecast (I/II)

    Low Oil Price Burdens Forecast (I/II) Capex -10 % Capex -12 % Capex -20 % Capex -25 % 12

  13. Slide 13: Low Oil Price Burdens Forecast (II/II)

    Low Oil Price Burdens Forecast (II/II) OIL PRICE AND RIG COUNT 2008 to 2015 ? 2008 2009 2010 2011 2012 2013 2014 2015 2016 rig count oil price WEAKER DEMAND AND PRESSURE ON MARGINS FOR R. STAHL 13

  14. Slide 14: Economic and Political Framework

    Economic and Political Framework Crisis in Russia weakens business in Germany Tense economic relations between Russia and the EU Unrest in Lybia and Syria Political instability and financial crisis in Brasil 14

  15. Slide 15: Countermeasures and Chances

    Countermeasures and Chances INNOVATIVE NEW PRODUCTS Launch of new products, e.g. Circle & H Lighting Solution New products will lead to increased margins POSITIVE STIMULUS FOR CHEMICAL AND PHARMACEUTICAL INDUSTRY Low oil price leads to lower production costs in the chemical industry Increasing prope

  16. Slide 16: Outlook: Order Intake and Sales

    Outlook: Order Intake and Sales ORDER INTAKE  Low oil price hampers customers‘ propensity to invest  Reduced demand from German machine builders exporting to Russia due to Ukraine crisis SALES  High order backlog (99.7 million € backlog as at March 31, 2015)  Long-term projects to be delivered i

  17. Slide 17: Outlook: EBIT

    Outlook: EBIT EBIT  Capex cuts and pressure on prices by the oil industry impact margin  Reduced volume due to weaker demand hamper capacity utilization and thus fix cost degression  Economic and political instability make it difficult to increase top line and margin EBIT expectations: 16 – 20 mi

  18. Slide 18: Contact: Bernd Marx (CFO), Nathalie Dirian (Investor Relations)

    Bernd Marx (CFO) Nathalie Dirian (Investor Relations) Am Bahnhof 30 Am Bahnhof 30 74638 Waldenburg, Germany 74638 Waldenburg, Germany T +49 7942 943-1271 T +49 7942 943-1395 F +49 7942 943-401271 F +49 7942 943-401395 email: [email protected]

  19. Slide 19: Disclaimer

    Disclaimer This presentation was prepared by R. STAHL AG and is solely for information purposes. It may not be reproduced, distributed or published without the prior consent of R. STAHL AG. This presentation contains forward-looking statements. Such forward-looking statements are based on certain as

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