Washtec Ag · XETR:WSU
Washtec — Q1-Q3 2015 Earnings Presentation
10 slides from Washtec's earnings presentation, Oct 30, 2015
Slide 1: Q1-Q3 2015 Report Conference Call
WASHTEC AG Q1-Q3 2015 Report Conference Call WashTec AG Q1-Q3 2015 Report, Conference Call October 30, 2015 .
Slide 2: Growth of 14,8 % in Q1-Q3 driven by machine and service segment
Q1-Q3 2015: Facts & Figures Growth of 14,8 % in Q1-Q3 driven by machine and service segment Revenues (in €m): + 13,7% incl. FX EBIT (in €m): more than doubled Net Cash Flow (in €m) 245.8 23.3 17.0 17.6 218.3 216.2 11.8 12.3 8.9 2013 2014 2015 2013 2014 2015 2013 2014 2015 Order backlog still above p
Slide 3: Revenues and earnings improved in all segments
Q1-Q3 2015: Facts & Figures Revenues and earnings improved in all segments Revenues total (Q1- Revenues by segment (Q1-Q3) in €m Q3) in €m 245.8 +29.6 Core Europe North America Eastern Europe Asia/Pacific 216.2 198.3 40.0 +19.6 178.7 +8.6 31.4 + 2.7 10.9 + 1.0 8.7 7.7 8.2 Q1-Q3/2014 Q1-Q3/2015 Q1-Q3
Slide 4: Higher revenues combined with moderate cost increase lead to further improved EBIT and EPS
Higher revenues combined with moderate cost increase lead to further Q1-Q3 2015: Facts & Figures improved EBIT and EPS Q1-Q3 2015 Q1-Q3 2014 Revenues 245.8 216.2 Gross margin 148.2 (60.3%) 132.0 (61.1%) Personnel expenses 83.6 [34.0%] (81.4) [37.7%] Other operating expenses 37.7 [15.3%] (34.6) [16.0
Slide 5: Still solid balance sheet structure despite share buy back program and high dividend payment
Q1-Q3 2015: Facts & Figures Still solid balance sheet structure despite share buy back program and high dividend payment Sept 30, 2015 Dec 31, 2014 Balance sheet total 191.5 185.8 Goodwill 42.3 42.3 Equity 70.9 90.9 Net finance debt 13.7 -9.8 Net current assets/ working capital 78.1 71.2 Q1-Q3 2015
Slide 6: Positive outlook 2015 and Q1 2016 confirmed
Q1-Q3 2015: Facts & Figures Positive outlook 2015 and Q1 2016 confirmed WashTec Group: significant increase in revenues and earnings - ytd growth rate not applicable for Q4 2015 - for full year 2015 revenues increase of app. 10% (adjusted for currency effects >7%) - ytd EBIT ratio of 9.5% confirmed
Slide 7: WashTec share already 9% higher than price of share buy back program
Q1-Q3 2015: Facts & Figures WashTec share already 9% higher than price of share buy back program Share performance Analyst Coverage Analyst Recommen- Target Price (+ Date) dation (€) Hauck & Aufhäuser Buy 28.00 (08/15) WashTec HSBC (08/15) Buy 25.00 SDAX MM Warburg (10/15) Buy 26.20 Trade Volume (Xe
Slide 8: What makes WashTec different?
Q1-Q3 2015: Facts & Figures What makes WashTec different? • Easy to understand business model • Only stock listed carwash provider • > 2* bigger than next competitor • Largest installed machine base • High share of recurring revenues • Solid balance sheet structures • Attractive dividend policy • Fu
Slide 9: Financial calendar
Backup Financial calendar October 30, 2015 Q1-Q3/15 Report November 4, 2015 Roadshow Frankfurt November 23 -25, 2015 Equity Forum March 31, 2016 Annual Report May 11, 2016 Annual General Meeting 9 WashTec AG Q1-Q3 2015 Report, Conference Call October 30, 2015
Slide 10: WashTec AG Q1-Q3 2015 Report, Conference Call October 30, 2015
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