Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — Q2 2013 Earnings Presentation
14 slides from Exel Composites Oyj's earnings presentation, 2013
Slide 1: Interim Report Q2 2013
Private and Confidential Interim Report Q2 2013 Exel Composites Plc Vesa Korpimies, President and CEO
Slide 2: Q2 2013 in brief
Interim Report Q2 2013 Q2 2013 in brief MEUR Q2 2013 Q2 2012 Change Net sales 17.5 19.8 -11.3% Operating profit 1.6 1.8 -11.4% Operating profit (%) 9.2 9.2 Net operative cash flow +1.9 +1.9 Return on capital employed (%) 17.8 18.4 Net gearing (%) 4.6 7.6 EPS 0.10 0.11 -2-
Slide 3: H1 2013 in brief
Interim Report Q2 2013 H1 2013 in brief MEUR H1 2013 H1 2012 Change Net sales 34.4 40.3 -14.6% Operating profit 2.3 3.6 -37.6% Operating profit (%) 6.6 9.0 Net operative cash flow +2.6 +3.4 Return on capital employed (%) 12.0 17.3 Net gearing (%) 4.6 7.6 EPS 0.14 0.22 -3-
Slide 4: In April–June 2013 net sales were MEUR 17.5 (19.8)
Interim Report Q2 2013 In April – June 2013 net sales were MEUR 17.5 (19.8) In Q2 2013, net sales were Net sales (EUR million) MEUR 17.5 (19.8) 25 — Down by 11.3% from last year — Sales decreased especially in 20 the Finnish units Market demand decreased in the 15 building and construction and telec
Slide 5: In April–June 2013 operating profit was MEUR 1.6 (1.8)
Interim Report Q2 2013 In April – June 2013 operating profit was MEUR 1.6 (1.8) i.e. 9.2 (9.2) % of net sales In Q2 2013 operating profit Operating profit (EUR million) improved from Q1 2013 4 Operating profit was MEUR 1.6 3,5 (1.8) Q2 2013 i.e. 9.2 (9.2) per 3 cent of net sales 2,5 Due to cost-savi
Slide 6: Cost-saving measures improved the operating profit
Interim Report Q2 2013 Cost-saving measures improved the operating profit Due to cost-saving measures and other corrective actions taken we managed to maintain operating profit as a percentage of net sales on the same level as in the corresponding period in 2012 Measures started to have a positive i
Slide 7: Cash flow (MEUR)
Interim Report Q2 2013 In April – June 2013 net cash flow from operating activities continued to be positive In April – June 2013 net cash Net cash flow from operating flow from operating activities was 6 activities positive at MEUR +1.9 (+1.9) 5 In January – June 2013 net cash Cash flow (MEUR) flow
Slide 8: Financial position remained strong
Interim Report Q2 2013 Financial position remained strong Net gearing and equity ratio 200 % 80 % 178% 150 % 60 % 55.7% Net gearing Equity ratio 100 % 40 % 50 % 25% 20 % 4.6% 0% 0% Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12
Slide 9: Risk elements
Interim Report Q2 2013 Risk elements The most significant near-term business risks are related to the general economic development, government regulations and continued financial crisis in the Euro area as well as to market demand in certain market segments Success of corrective actions as well as p
Slide 10: Well-positioned when the market recovers
Interim Report Q2 2013 Due to a healthy balance sheet and financial position, Exel Composites is well-positioned when the market recovers Visibility is low and the market pressure is expected to continue Despite the challenging situation the composite market is estimated to develop positively in the
Slide 11: Outlook for 2013
Interim Report Q2 2013 Outlook for 2013 Major uncertainties relating to general growth prospects in the economy continue, visibility is low and the market pressure is expected to continue in 2013 The Company will continue to work on sales development and on adjusting costs to market conditions Addit
Slide 12: Major Shareholders on 28 June 2013
Interim Report Q2 2013 Major Shareholders on 28 June 2013 Number of Percentage of shares share capital Nordstjernan AB 3,496,506 29.39 Ilmarinen Mutual Pension Insurance Company 689,400 5.79 OP-Finland Small Firms Fund 589,551 4.96 Ulkomarkkinat Oy 480,000 4.03 Fondita Nordic Micro Cap Inv. Fund 450
Slide 13: Share price development
Interim Report Q2 2013 Share price development Exel Composites share price development 5.2 (4.3) % of shares outstanding were traded August 2012 – July 2013 in Jan-June 2013 The highest share quotation was EUR 6.50 (8.79) and the lowest EUR 5.10 (6.42) The share price closed at EUR 5.25 (6.78) and t
Slide 14: More information is available on Exel Composites website
More information is available on Exel Composites website Exel Composites website www.exelcomposites.com For further information contact Vesa Korpimies Ilkka Silvanto President and CEO CFO +358 50 590 6754 +358 50 598 9553 [email protected] [email protected] - 14 -