Etteplan Oyj · OMXHEX:ETTE
Etteplan Oyj — Q3 2015 Earnings Presentation
25 slides from Etteplan Oyj's earnings presentation, Oct 29, 2015
Slide 1: Etteplan Q3: Revenue increased clearly
Smart way to smart products Etteplan Q3: Revenue increased clearly President and CEO Juha Näkki October 29, 2015
Slide 2: Market review
Smart way to smart products Market review The demand for engineering services in the first half of 2015 was, on average, at a better level than in the previous year. In January-March, demand improved clearly compared to the previous year. In April-September, demand remained at the same level a
Slide 3: Highlights 7-9/2015
Smart way to smart products Highlights 7-9/2015 + Etteplan acquired the business of SAV Oy and its subsidiaries. + The Group’s revenue increased clearly. + EBIT from business operations grew significantly. + Key accounts grew faster than other revenue. + In Technical Documentation business developme
Slide 4: SAV Oy acquisition
Smart way to smart products SAV Oy acquisition Etteplan acquired the business of SAV Oy and its subsidiaries on August 31, 2015. Revenue approximately EUR 12.5 million in 2014. Approximately 190 employees. With this acquisition Etteplan gains significant market position in the area of plant
Slide 5: Key figures 7-9/2015
Smart way to smart products Key figures 7-9/2015 (EUR 1,000) 7-9/2015 7-9/2014 Change % Revenue 31,880 29,529 8.0 EBIT from business operations* 1,894 1,406 34.7 EBIT from business operations, % 5.9 4.8 Operating profit (EBIT) 1,655 1,749 -5.4 EBIT, % 5.2 5.9 Basic earnings per share, EUR 0.06 0.06
Slide 6: Key figures 1-9/2015
Smart way to smart products Key figures 1-9/2015 (EUR 1,000) 1-9/2015 1-9/2014 Change % Revenue 100,770 96,548 4.4 EBIT from business operations* 6,656 4,740 40.4 EBIT from business operations, % 6.6 4.9 Operating profit (EBIT) 6,011 5,179 16.1 EBIT, % 6.0 5.4 Basic earnings per share, EUR 0.22 0.19
Slide 7: Outlook
Smart way to smart products Outlook Market outlook The most important factor in the development of Etteplan’s business operations is the global development of the machinery and metal industry. In spite of political uncertainty, the European markets are showing small signs of improvement. Increased u
Slide 8: Revenue 1-9/2015
Smart way to smart products Revenue 1-9/2015 Revenue by customer segment Revenue by country 0% 4% 8% 12 % 16 % China 3 % Netherlands (3 %) Lifting and hoisting 15 % (15 %) 5 % (5 %) Energy and power transmission 15 % (13 %) Mining 14 % (14 %) Forest and paper 14 % (12 %) Sweden 30 % (33 %) Industria
Slide 9: Revenue
Smart way to smart products Revenue 1-9/2015: EUR 100.8 million (1-9/2014: EUR 96.5 million) 7-9/2015: EUR 31.9 million (7-9/2014: EUR 29.5 million) 40 Revenue increased in January- September by 4.4% (by 5.0% at 35 31,9 comparable exchange rates). Organic growth was 3.1%. 29,5 30 27,5 Revenue increa
Slide 10: EBIT from business operations
Smart way to smart products EBIT from business operations 1-9/2015: EUR 6.7 million, 6.6% (1-9/2014: EUR 4.7 million, 4.9%) 7-9/2015: EUR 1.9 million, 5.9% (7-9/2014: EUR 1.4 million, 4.8%) 3,0 8 EBIT from business EBIT from business operations is operations, % EBIT excluding acquisition related 7 2
Slide 11: Operating profit (EBIT) and EBIT %
Smart way to smart products Operating profit (EBIT) and EBIT % 1-9/2015: EUR 6.0 million, 6.0% (1-9/2014: EUR 5.2 million, 5.4%) 7-9/2015: EUR 1.7 million, 5.2% (7-9/2014: EUR 1.7 million, 5.9%) 3,0 8 EBIT % In January-September operating 7 profit included non-recurring 2,5 expenses of EUR 0,6 milli
Slide 12: Engineering services
Smart way to smart products Engineering services Revenue 1-9/2015: EUR 79.9 million (1-9/2014: EUR 78.2 million) Revenue 7-9/2015: EUR 25.2 million (7-9/2014: EUR 23.7 million) 29 EBIT from business operations, % 8 Revenue 28 7 Engineering Services accounted 5,4 27 6 for 78.9% (7-9/2014: 80.2%) of M
Slide 13: Technical Documentation
Smart way to smart products Technical Documentation Revenue 1-9/2015: EUR 20.9 million (1-9/2014: EUR 18.3 million) Revenue 7-9/2015: EUR 6.7 million (7-9/2014: EUR 5.8 million) EBIT from business operations, % 8 12 Revenue Technical Documentation 7 9,3 10 accounted for 21.2% (7-9/2014: 6 7,3 M€ 8 1
Slide 14: Earnings per share and dividends
Smart way to smart products Earnings per share and dividends Earnings per share 1-9/2015: EUR 0.22 (1-9/2014: EUR 0.19) Earnings per share 7-9/2015: EUR 0.06 (7-9/2014: EUR 0.06) Earnings per share Dividends 0,35 In relation to the acquisition of SAV Oy Etteplan carried out a 0,30 directed share iss
Slide 15: Cash flow
Smart way to smart products Cash flow Operating cash flow 1-9/2015: EUR 2.1 million (1-9/2014: EUR 0.8 million) Operating cash flow 7-9/2015: EUR -1.7 million (7-9/2014: EUR -0.5 million) Operating cash flow Cash flow after investments 14,0 Operating cash flow improved 12,0 clearly in January-Septem
Slide 16: Return on capital employed (ROCE), %
Smart way to smart products Return on capital employed (ROCE), % 1-9/2015: 15.9% (1-9/2014: 14.8%) 7-9/2015: 14.0% (7-9/2014: 14.5%) 30 Engineering services business does not tie significant capital. 25 For this reason return on capital employed should be at least 20%. 20 % 15 12,9 14,5 14,0 10 5 0
Slide 17: Personnel, average
Smart way to smart products Personnel, average 1-9/2015: 1,903 (1-9/2014: 1,797) 2 000 The average number of personnel increased by 5.9% from the 1 903 1 900 comparison period. The growth in number of 1 797 personnel was attributable to 1 800 acquisitions and organic growth. At the end of the review
Slide 18: Income statement
Smart way to smart products Income statement (EUR 1,000) 1-9/2015 1-9/2014 Change % 1-12/2014 Revenue 110,770 96,548 4.4 131,916 Other operating income 221 1,160 1,567 Materials and services -5,928 -7,400 -9,524 Staff costs -72,475 -69,265 -94,367 Other operating expenses -14,365 -13,909 -19,108 Dep
Slide 19: Balance sheet
Smart way to smart products Balance sheet 30.9.2015 30.9.2014 31.12.2014 (EUR 1,000) Goodwill 42,247 39,217 38,642 Other non-current assets 12,686 8,627 8,494 Non-current assets, total 54,933 47,844 47,136 Trade and other receivables 30,286 27,294 25,762 Cash and cash equivalents 5,373 1,944 2,575 C
Slide 20: Cash flow statement
Smart way to smart products Cash flow statement (EUR 1,000) 7-9/2015 7-9/2014 1-9/2015 1-9/2014 1-12/2014 Operating cash flow (A) -1,717 -544 2,115 818 7,754 Investing cash flow (B) -1,868 -192 -3,188 -1,955 -2,200 Cash flow after investments (A+B) -3,584 -736 -1,073 -1,137 5,554 Financing cash flow
Slide 21: Etteplan Oyj's financial targets and realization
Smart way to smart products Etteplan Oyj’s financial targets and realization Target and realization 1-9/2015 Action Growth • Average 15% annual revenue growth • Growth in key customers 1-9/2015: 4.4% (at comparable • Strong market position exchange rates 5.0%) enables Etteplan to grow faster than
Slide 22: Etteplan strengthened its position in the Central European market
Smart way to smart products Etteplan strengthened its position in the Central European market A business transfer agreement was signed with arvato AG, a Bertelsmann Group company. The acquired business includes technical documentation services in Germany and the Netherlands and employs 35 person
Slide 23: Revenue and EBIT 2000-2015
Smart way to smart products Revenue and EBIT 2000-2015 160 16,0 150 14,0 140 130 12,0 120 10,0 110 100 8,0 90 6,0 80 4,0 70 60 2,0 50 0,0 40 30 -2,0 20 -4,0 10 0 -6,0 2000 2001* 2002* 2003* 2004* 2005* 2006* 2007 2008 2009 2010 2011 2012 2013 2014 1-9/2015 Revenue EBIT *includes continued and discon
Slide 24: IR contacts
Smart way to smart products IR contacts • Juha Näkki President and CEO Tel. +358 10 307 2077 • Per-Anders Gådin Senior Vice President, Finance Tel. +46 70 399 7929 • Outi-Maria Liedes Senior Vice President, HR & Communications Tel. +358 10 307 3251
Slide 25: Smart way to smart products
Smart way to smart products ss Etteplan