Tecnotree Oyj · OMXHEX:TEM1V
Tecnotree Oyj — H1 2011 Earnings Presentation
22 slides from Tecnotree Oyj's earnings presentation, Aug 10, 2011
Slide 1: Tecnotree Corporation Interim Report 1-6/2011
Tecnotree Corporation Interim Report 1-6/2011 August 10th, 2011
Slide 2: Tecnotree Group in Brief
Tecnotree Group in Brief H1 Highlights (comparisons to H1/2010) • Robust Q2 after low revenue in Q1 – Net sales of H1 were 29.1 M€ (33.5) • Net sales in Q2 were 18.5 M€ (19.3 M€) – Adjusted operating result was -1.6 M€ (1.4), profitable Q2 – Order book at the end of period was 21.5 M€ (21.0) • Middl
Slide 3: Financial Highlights
Financial Highlights M€ 1-6/2011 1-6/2010 Net sales 29.1 33.5 Ebit before R&D capitalisation & Adjusted operating result amortisation and one-time costs -1.6 1.4 Ebit -7.7 -1.2 Net result -9.0 -3.6 Order intake 36.3 42.7 Order book 21.5 21.0 Cash flow after investments -12.2 -4.0 Net cash flow -6.3
Slide 4: Net Sales by Area
Net Sales by Area Americas 35%(45%), Europe 12%(12%), MEA 47%(34%), APAC 7% (9%) M€ Total change -13% 16,0 14,0 +18% 12,0 -33% 10,0 8,0 6,0 4,0 -13% -34% 2,0 0,0 Americas Europe MEA APAC 1-6/2010 15,2 3,9 11,5 2,9 1-6/2011 10,2 3,4 13,6 1,9 4 10.8.2011 Interim report 1-6/2011
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 30.6.2011 30.6.2010 Change % Non-current assets Fixed assets 19.9 28.7 -30.6 Consolidated goodwill 20.2 22.5 -10.1 Other non-current assets 3.3 3.0 10.0 Current assets Inventories 1.2 1.2 -6.8 Trade receivables 22.4 20.9 7.0 Other receivables 26.7 24.2 10.3 Inv
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet EUR Million 30.6.2011 30.6.2010 Change % Shareholders’ equity 59.5 81.6 -27.1 Interest-bearing liabilities 13.4 15.6 -14.2 Deferred tax liabilites 2.7 3.8 -28.1 Other non-current liabilities 0.5 0.9 -44.4 Current liabilities Interest-bearing liabilities 12.2 2.3 441.0 Non-
Slide 7: Prospects for 2011
Prospects for 2011 The company is currently carrying out its strategy based on an expanded product range. Tecnotree is turning into an advanced supplier of telecommunications system solutions, operating in a broad sector. The company is anticipating new growth based on the new range of products and
Slide 8: Additional Financial Information for Investors
Additional Financial Information for Investors
Slide 9: Consolidated Income Statement
Consolidated Income Statement EUR Million 1-6/2011 1-6/2010 Change % Net sales 29.1 33.5 -13.2 Other operating income 0.0 0.0 Materials and services -4.8 -5.9 -18.2 Employee benefit expenses -16.6 -14.5 14.8 Depreciation -5.1 -4.2 19.3 Other operating expenses -10.2 -10.1 1.0 Operating result -7.7 -
Slide 10: Adjusted Income Statement
Adjusted Income Statement EUR Million 1-6/2011 1-6/2010 Difference Net sales 29.1 33.5 -4.4 Other operating income 0.0 0.0 0.0 Total revenue 29.1 33.5 -4.4 Adjusted operating expenses *) -30.7 -32.1 1.4 Adjusted operating result -1.6 1.4 -3.0 - Net impact of R&D capitalizations -3.7 -2.5 -1.2 - One-
Slide 11: Sales and Adjusted Operating Result
Sales and Adjusted Operating Result 4 per. Mov. Avg. (Adj. operating result %) M€ 25 30% 20 20% 10% 15 0% 10 -10% 5 -20% 0 -30% -5 -40% -10 -50% Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Sales 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 Adj. operating result -2,7 -2,1 -2,0 -0,6 2,0 -0,7
Slide 12: Sales by Area: Americas
Sales by Area Americas M€ 25 60% 50% 20 40% 15 30% 10 20% 5 10% 0 0% Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Tecnotree Sales 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 Americas 6,9 3,4 5,8 4,5 10,7 4,2 5,8 1,7 8,5 % 46% 26% 43% 32% 55% 32% 41% 16% 46% 4 per. Mov. Avg. (%) 12 10.8.201
Slide 13: Sales by Area: Europe
Sales by Area Europe M€ 25 25% 20 20% 15 15% 10 10% 5 5% 0 0% -5 -5% Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Tecnotree Sales 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 Europe 2,0 1,9 -0,3 2,0 1,9 1,0 1,8 2,0 1,4 % 13% 14% -2% 14% 10% 8% 13% 19% 8% 4 per. Mov. Avg. (%) 13 10.8.2011 In
Slide 14: Sales by Area: MEA
Sales by Area MEA M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Tecnotree Sales 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 MEA 5,4 7,4 6,3 5,9 5,7 6,3 5,9 6,5 7,0 % 36% 56% 47% 42% 30% 47% 42% 61% 38% 4 per. Mov. Avg. (%) 14 10.8.2011 Inter
Slide 15: Sales by Area: APAC
Sales by Area APAC M€ 25 14% 12% 20 10% 15 8% 10 6% 4% 5 2% 0 0% Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Tecnotree Sales 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 APAC 0,7 0,5 1,7 1,8 1,1 1,7 0,5 0,4 1,5 % 5% 4% 13% 13% 6% 13% 4% 4% 8% 4 per. Mov. Avg. (%) 15 10.8.2011 Interim repor
Slide 16: Sales Distribution
Sales Distribution M€ 25 20 15 10 5 0 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Tecnotree sales 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 Services 6,3 6,8 6,7 6,7 6,9 5,8 6,8 5,9 7,1 New customers 0,8 1,2 0,0 0,5 4,2 0,0 0,0 0,0 0,0 Existing customers 7,9 5,2 6,8 6,9 8,2 7,5 7,2 4,7 1
Slide 17: Materials and Services
Materials and Services M€ 25 25% 20 20% 15 15% 10 10% 5 5% 0 0% Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Sales 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 Materials and Services 3,4 2,3 3,0 2,1 3,8 1,9 2,4 1,7 3,1 % 23% 17% 22% 15% 20% 14% 17% 16% 17% 4 per. Mov. Avg. (%) 17 10.8.2011
Slide 18: Employee Benefits
Employee Benefits M€ 25 90% 80% 20 70% 60% 15 50% 40% 10 30% 5 20% 10% 0 0% Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Sales 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 Employee 6,2 7,3 10,1 7,1 7,4 6,8 7,8 8,4 8,2 benefits % 41% 55% 75% 50% 39% 51% 56% 80% 44% 4 per. Mov. Avg. (%) 18 10
Slide 19: Other Operating Expenses
Other Operating Expenses M€ 25 70% 60% 20 50% 15 40% 10 30% 20% 5 10% 0 0% Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Sales 15,0 13,2 13,5 14,1 19,3 13,3 14,0 10,6 18,5 Other Opex 5,2 5,1 7,2 4,8 5,3 4,5 6,2 6,1 4,1 % 35% 39% 53% 34% 27% 34% 44% 58% 22% 4 per. Mov. Avg. (%) 19 10.8.2011 I
Slide 20: Assets by Quarter
Assets by Quarter M€ 140 120 100 80 60 40 20 0 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Cash 32,8 30,5 25,7 27,2 22,0 14,1 16,7 12,8 10,4 Investments 1,6 0,8 1,6 0,9 0,9 1,4 0,6 1,5 0,9 Other rec. (mainly WIP) 22,2 18,2 17,2 19,9 24,2 23,2 24,2 19,7 26,7 Trade receivables 18,1 18,0 19,3
Slide 21: Equity and Liabilities by Quarter
Equity and Liabilities by Quarter M€ 140 120 100 80 60 40 20 0 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Current non-interest bearing 15,1 12,8 18,1 18,0 19,3 13,2 14,2 13,4 16,9 Current interest bearing 2,3 2,2 2,3 2,3 2,3 2,2 5,2 8,2 12,2 Deferred tax 6,3 6,4 4,0 3,9 3,8 3,5 3,3 2,8 2,
Slide 22: Q&A Interim report 1-6/2011
Q&A 22 10.8.2011 Interim report 1-6/2011