Klingelnberg Ag · SIX:KLIN

Klingelnberg — H1 2019/20 Earnings Presentation

16 slides from Klingelnberg's earnings presentation, November 2019

  1. Slide 1: Klingelnberg AG – Presentation for Analysts and Investors

    KLINGELNBERG AG Precision gearing champion with Swiss and German heritage Presentation for Analysts and Investors Financial Report H1 2019/20 Zurich, November 2019 KLINGELNBERG Tradition EXPERT PRECISION

  2. Slide 2: Disclaimer

    November 2019 Presentation for Analysts and Investors  Slide 2 Disclaimer This presentation may contain specific forward-looking statements, e.g., statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forwa

  3. Slide 3: Agenda

    November 2019 Presentation for Analysts and Investors  Slide 3 Agenda 1 Introduction 2 Financial results 3 Enhanced efficiency program 4 Outlook 5 Q&A KLINGELNBERG Tradition EXPERT PRECISION

  4. Slide 4: Introduction: 1st half-year 2019/20 with significant challenges

    November 2019 Presentation for Analysts and Investors  Slide 4 1 Introduction KLINGELNBERG Group – 1st half-year 2019/20 with significant challenges General Market Conditions:  Globally, growth rates are slowing  In numerous markets and key sectors, we are facing the onset of a recession  Signif

  5. Slide 5: Major takeaways from the first half of the business year 2019/20

    November 2019 Presentation for Analysts and Investors  Slide 5 1 Major takeaways from the first half of the business year 2019/20 1 Decline in sales and order intake 2 Growth in Cylindrical Gears Unit despite market challenges 3 Operating half-year result down by EUR 5,3 million* KLINGELNBERG Group

  6. Slide 6: Lower sales and orders due to impaired dynamics of global economy

    November 2019 Presentation for Analysts and Investors  Slide 6 2 Lower sales and orders due to impaired dynamics of global economy KLINGELNBERG Group – Net sales and order intake (in M€) Net sales  Net sales declined by EUR 10,7 million 120,0 compared with the prior-year period, a reduction of 11%

  7. Slide 7: Net sales: Bevel Gear and Measuring Centers dropped

    November 2019 Presentation for Analysts and Investors  Slide 7 2 Net sales: Bevel Gear and Measuring Centers dropped KLINGELNBERG Group – Product mix: Significant shift to Cylindrical Gears (in M€) Segments H1 FY 2018/19 H1 FY 2019/20 Deviations Bevel Gear 41,0 41% 35,0 40% -6,0 -15% Cylindrical Ge

  8. Slide 8: Sales and result below previous year's level

    November 2019 Presentation for Analysts and Investors  Slide 8 2 Sales and result below previous year's level KLINGELNBERG Group – Income statement (in M€) H1 2018/19 H1 2019/20 Deviations Net sales from goods and services 99,1 100% 88,4 100% -10,7 -11% Other operating income 2,5 3% 0,9 1% -1,6 -63

  9. Slide 9: Personnel costs as expected, actions on the way

    November 2019 Presentation for Analysts and Investors  Slide 9 2 Personnel costs as expected, actions on the way KLINGELNBERG Group – Income and cost development (in M€) Material expense Personnel expense increased by EUR 2,1 million 54,9  Tariff increase: collective bargaining agreement for the m

  10. Slide 10: Other operating expense ratio decreased slightly

    November 2019 Presentation for Analysts and Investors  Slide 10 2 Other operating expense ratio decreased slightly KLINGELNBERG Group – Income and cost development (in M€) Other operating income  The other operating income of the prior-year 2,5 period contained outgoing invoices to the 1,9 emittin

  11. Slide 11: EBIT below previous year's figure

    November 2019 Presentation for Analysts and Investors  Slide 11 2 EBIT below previous year’s figure KLINGELNBERG Group – EBITDA & EBIT development (in M€) EBITDA  Due to the decline in net sales by EUR 10,7 -3,0% -1,4% -8,1% million compared with the previous year, both -1,4 EBITDA and EBIT signif

  12. Slide 12: Healthy liquidity and strong equity ratio

    November 2019 Presentation for Analysts and Investors  Slide 12 2 Healthy liquidity and strong equity ratio KLINGELNBERG Group – Balance sheet ratios (in M€) Equity capital (H1 2017/18 inclusive loan from shareholder (subordinated))  Equity rose by EUR 12,0 million. This increase is mainly due to

  13. Slide 13: Enhanced efficiency program

    November 2019 Presentation for Analysts and Investors  Slide 13 3 Enhanced efficiency program KLINGELNBERG Group – Proactive in tackling challenges  KLINGELNBERG Group will launch a comprehensive program to increase Leaner Reducing efficiencies. product costs portfolio  The company is very well p

  14. Slide 14: Outlook: Financial Year 2019/20

    November 2019 Presentation for Analysts and Investors  Slide 14 4 Outlook KLINGELNBERG Group – Financial Year 2019/20  Sales are expected to be lower around 15-20%  Operational: we expect a positive result  Negotiations about possible efficiency program are on the way  We will communicate any r

  15. Slide 15: Appendix

    November 2019 Presentation for Analysts and Investors  Slide 15 Appendix KLINGELNBERG Tradition EXPERT PRECISION

  16. Slide 16: Strong equity ratio

    November 2019 Presentation for Analysts and Investors  Slide 16 Strong equity ratio KLINGELNBERG Group – Balance sheet (in M€) 2018-09-30 2019-09-30 Deviations ACTUAL Q2 ACTUAL Q2 Cash and cash equivalents 8,1 3% 8,7 3% 0,6 8% Receivables from goods and services 49,9 21% 52,2 21% 2,3 5% Inventories

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