Etteplan Oyj · OMXHEX:ETTE
Etteplan Oyj — Q2 2012 Earnings Presentation
18 slides from Etteplan Oyj's earnings presentation, Aug 14, 2012
Slide 1: Etteplan Q2: Positive development continued
Etteplan Q2: Positive development continued Juha Näkki August 14, 2012
Slide 2: Operating environment Q2/2012
Investor Relations Operating environment Q2/2012 • On average, the demand for technical design and product information services in Etteplan’s key customer industries remained at a good level. • The increase in demand was influenced most by mining equipment and lifting and hoisting equipment manufact
Slide 3: Highlights Q2/2012
Investor Relations Highlights Q2/2012 • Revenue grew in the review period by 14.2%. • The share of organic growth was 7.5 per cent. The growth slowed down due to the smaller number of working days in comparison to the first quarter of the year (1-3/2012) and the comparison period (4-6/2011). • A sig
Slide 4: Strategy implementation progress Q2/2012
Investor Relations Strategy implementation progress Q2/2012 • Customer Focus • Growth of revenue from key customers was 13%. • Service Solutions • During the review period a new service product, Etteplan ITEM was launched. • The share of managed services in the operations increased especially in Fin
Slide 5: Key Figures 2011–2012
Investor Relations Key Figures 2011–2012 (EUR 1,000) 4-6 / 2012 4-6 / 2011 Change % 1-6 / 2012 1-6 / 2011 Change % 1-12 / 2011 Revenue 35,002 30,648 14.2 70,628 60,293 17.1 119,448 Earnings before interest, tax, depreciation and amortization and share of the result of associates 2,995 2,264 32.3 6,0
Slide 6: Revenue
Investor Relations Revenue Q2 2012: EUR 35.0 million (Q2 2011: EUR 30.6 million) 40,0 35,0 30,0 25,0 20,0 15,0 10,0 5,0 0,0 Q1/2010 Q2/2010 Q3/2010 Q4/2010 Q1/2011 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 August 2012
Slide 7: Operating profit (EBIT) and EBIT %
Investor Relations Operating profit (EBIT) and EBIT % Q2 2012: EUR 2.4 million, 6.7% (Q2 2011: EUR 1.9 million, 6.1%) 3 8,0 EBIT % 7,0 2,5 6,0 2 5,0 1,5 4,0 3,0 1 2,0 0,5 1,0 0 0,0 Q1/2010 Q2/2010 Q3/2010 Q4/2010 Q1/2011 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 August 2012
Slide 8: Cash flow
Investor Relations Cash flow Operating cash flow Q2 2012: EUR 2.4 million (Q2 2011: EUR 1.5 million) Cash flow after investments Q2 2012: EUR 2.1 million (Q2 2011: EUR 0.0 million) 12,0 10,0 8,0 6,0 Operating cash flow 4,0 Cash flow after investments 2,0 0,0 2008* 2009* 2010* 2011* Q2 2011* Q2 2012*
Slide 9: Return on capital employed (ROCE), %
Investor Relations Return on capital employed (ROCE), % 1-6/2012: 23.8% (1-6/2011: 15.2%) 30,0 25,0 20,0 15,0 10,0 5,0 0,0 Q1/2010 Q2/2010 Q3/2010 Q4/2010 Q1/2011 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 August 2012
Slide 10: Earnings per share (EUR) and dividends (EUR/share)
Investor Relations Earnings per share (EUR) and dividends (EUR/share) Earnings per share Q2 2012: EUR 0.09 (Q2 2011: EUR 0.06) 0,50 0,45 0,40 0,30 Earnings per share 0,19 0,20 0,20 Dividends 0,08 0,10 0,10 0,09 0,10 0,04 0,06 0,00 ‐0,10 2008* 2009* 2010* 2011* Q2 2011* Q2 2012* ‐0,20 ‐0,17 ‐0,30 *)
Slide 11: Personnel, average
Investor Relations Personnel, average Q2 2012: 1,774 (Q2 2011: 1,598) 1800 1774 1763 1765 1750 1700 1650 1625 1598 1594 1600 1550 1500 2008* 2009* 2010* 2011* Q2 2011* Q2 2012* *) continuing operations August 2012
Slide 12: Income Statement
Investor Relations Income Statement (EUR 1,000) 4-6/2012 4-6/2011 Change % 1-6/2012 1-6/2011 Change % 1-12/2011 Revenue 35,002 30,648 14.2 70,628 60,293 17.1 119,448 Other operating income 92 85 199 163 347 Materials and services -2,916 -1,956 -5,488 -3,899 -8,465 Staff costs -23,579 -21,542 -48,443
Slide 13: Balance sheet
Investor Relations Balance sheet (EUR 1,000) 30.6.2012 30.6.2011 31.12.2011 Goodwill 39,276 35,400 36,331 Other intangible assets 6,198 810 1,394 Non-current assets, total 48,522 39,261 40,503 Trade and other receivables 25,683 25,399 22,028 Current tax assets 14 0 0 Cash and cash equivalents 2,717
Slide 14: Cash flow
Investor Relations Cash flow (EUR 1,000) 1-6/2012 1-6/2011 1-12/2011 Operating cash flow (A) 3,998 -487 7,032 Investing cash flow (B) -4,783 -1,490 -3,203 Cash flow after investments (A+B) -785 -1,977 3,829 Financing cash flow (C) 509 -1,515 -5,871 Variation in cash (A+B+C) -276 -3,492 -2,042 Assets
Slide 15: Financial targets and outlook for 2012
Financial targets and outlook for 2012
Slide 16: Changing the business model improves growth, profitability and cash flow
Investor Relations Changing the business model improves growth, profitability and cash flow Target Action Growth • Average 10% annual • Higher added value organic growth services • Growth in key customers • Restructuring supporting growth • Strong market position enables in accordance with the strat
Slide 17: Outlook 2012
Investor Relations Outlook 2012 • The development of Etteplan’s customers’ order books quickly influences the development of Etteplan’s revenue. The current order books of Etteplan’s major customers are on average at a good level. We estimate that our market position will remain strong and the sales
Slide 18: Smart way to smart products