Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — FY2014 Earnings Presentation
20 slides from Vossloh Aktiengesellschaft's earnings presentation, Mar 26, 2015
Slide 1: Report on financial year 2014
Report on financial year 2014 March 26, 2015, Frankfurt Dr. h.c. Hans M. Schabert, CEO Oliver Schuster, CFO
Slide 2: Transforming Vossloh: Main areas of action 2014
Transforming Vossloh Main areas of action 2014 Comprehensive analysis and re-evaluation of the situation - Immediate actions (costs, capacities, structures) - Optimization of the financing structure - Adjustment of guidance Strategic realignment of the Group: Focussing and transformation - Core
Slide 3: New Group structure: organization according to business models
Transforming Vossloh New Group structure: organization according to business models Vossloh AG Core Components Customized Modules Lifecycle Solutions Transportation Vossloh Fastening Systems Vossloh Switch Systems Vossloh Rail Services Vossloh Locomotives Vossloh Rail Vehicles Vossloh Electrical Sys
Slide 4: Vossloh 2015 Core Components
Vossloh 2015 Core Components Part of Rail Infrastructure division until 2014 Starting point: Vossloh Fastening Systems A worldwide market leader in rail fastening systems Products used in over 65 countries More than 90% of sales outside Germany Elastic rail fastening systems, screwed and
Slide 5: Vossloh 2015 Customized Modules
Vossloh 2015 Customized Modules Part of Rail Infrastructure division until 2014 Starting point: Vossloh Switch Systems A worldwide market leader in switch and crossing systems Over 75% of sales outside the French home market Standard, high-speed and specialty (heavy-haul) switches accordin
Slide 6: Vossloh 2015 Lifecycle Solutions
Vossloh 2015 Lifecycle Solutions Part of Rail Infrastructure division until 2014 Starting point: Vossloh Rail Services Provider of comprehensive service packages, complementary services to the products of Core Components and Customized Modules Rail grinding, especially high-speed grinding, t
Slide 7: Vossloh 2015 Transportation
Vossloh 2015 Transportation Vossloh Locomotives: - A leader in the European market for modern diesel-hydraulic and diesel-electric locomotives for shunting and mainline applications - One-stop provider of development, construction, production and excellent support services - Locomotives homologate
Slide 8: Restructuring and realignment impact earnings development
Vossloh Group, financial year 2014 Restructuring and realignment impact earnings development Sales growth of 1.8% within the corridor communicated EBIT within the forecasted range; ROCE and value added negative as a result Measures focusing on sustainable improvement in earnings being implemen
Slide 9: Sales decrease in Asia – significant increase in America
Vossloh Group, financial year 2014 Sales decrease in Asia – significant increase in America Europe remains largest market with slight growth of 1.7%; Western Europe at about the level of the prior year, further significant decrease in Southern Europe, pleasing growth in North and Eastern Europe
Slide 10: Significant decrease in working capital intensity
Vossloh Group, financial year 2014 Significant decrease in working capital intensity Noticeable decrease in equity as a result of high losses within the Group; Equity ratio at nearly 22% Working capital initiative successfully initiated; year-end-value only marginally above year-end figure in 20
Slide 11: Operational business development burdens cash flow
Vossloh Group, financial year 2014 Operational business development burdens cash flow Negative development in EBIT predominantly not cash-effective Working capital increase markedly limited throughout the course or the year Cash flow analysis (in € million) 2013* 2014 EBIT 52.7 (54.2) -171.6 Amo
Slide 12: Investment planning analyzed and refocused
Vossloh Group, financial year 2014 Investment planning analyzed and refocused Investments above systematic amortization/depreciation despite weak business development Significant investment projects: new US production plant for rail fasteners, new forge in Luxembourg, further development of mill
Slide 13: Rail Infrastructure: sales only marginally below prior year
Rail Infrastructure division, financial year 2014 Sales only marginally below prior year, EBIT influenced by special items Sales nearly at the level of the prior year; as expected, decrease at Vossloh Fastening Systems, increase at Vossloh Switch Systems, strong sales growth at Vossloh Rail Servic
Slide 14: Rail Infrastructure: good order situation in all three business units
Rail Infrastructure division, financial year 2014 Good order situation in all three business units Vossloh Fastening Systems with sales decline following extraordinarily high sales in prior year; orders received and order backlog well above 2013 Vossloh Switch Systems records sales growth; order
Slide 15: Transportation: earnings impacted by restructuring and realignment
Transportation division, financial year 2014 Earnings situation impacted by restructuring and realignment Vossloh Rail Vehicles with strong sales growth and significantly positive value added Special items at Vossloh Locomotives and Vossloh Electrical Systems total to roughly €115 million Adju
Slide 16: Transportation: strong sales growth, orders inflated in 2013
Transportation division, financial year 2014 Strong sales growth, orders received in 2013 inflated by very large project Sales in business unit above 2013 level alone due to Vossloh Rail Vehicles; sales of Vossloh Locomotives and Vossloh Electrical Systems declining Orders received lower compare
Slide 17: Outlook 2015 confirmed – Ongoing improvement expected
Vossloh Group, Outlook Outlook 2015 confirmed – Ongoing improvement expected Sales growth between 3% and 4% 2015e* EBIT margin improves to between 3% and 4% Positive free cash flow 2016e* Still below EBIT target margin; development impacted by low-margin multi-year projects and increased
Slide 18: Financial calendar and contact
Financial calendar and contact Financial calendar April 30, 2015 Interim Report as of March 31, 2015 May 20, 2015 Annual General Meeting, Düsseldorf July 30, 2015 Interim Report as of June 30, 2015 October 29, 2015 Interim Report as of September 30, 2015 Contact information for investors:
Slide 19: Thank you
Thank you vossloh ‘cs
Slide 20: Disclaimer
Disclaimer Note: This presentation contains statements concerning the future business trend of the Vossloh Group which are based on assumptions and estimates of the Company’s management. If the assumptions underlying the forecasts fail to materialize, the actual results can significantly deviate fro
Vossloh Aktiengesellschaft — FY2014 Earnings Presentation on 6ix