Kendrion N.v. · EURONEXT:KENDR
Kendrion — Shareholder Meeting (April 2016)
16 slides from Kendrion's shareholder meeting presentation, Apr 11, 2016
Slide 1: General Meeting of Shareholders Kendrion N.V.
12/04/2016 General Meeting of Shareholders Kendrion N.V. Joep van Beurden / Frank Sonnemans Zeist, 11 April 2016 Agenda 1. Kendrion at a glance 2. Summary and key figures 2015 3. Business review 4. Financial results and dividend 5. 2016 and beyond 2 1
Slide 2: Kendrion at a glance / Change in Executive Board
12/04/2016 Inserting a picture: - click ribbon tab DESIGN; in group ‘Customize’ select ‘Format Background’ - below ‘FILL’ click ‘Picture or texture fill’ - below ‘Insert picture from’ click ‘File...’, select your picture in the browser and click ‘Insert’ - if you want to use the picture as backgroun
Slide 3: The Kendrion organisation
12/04/2016 The Kendrion organisation 5 Kendrion today Development, production and marketing of high-quality electromagnetic and electronic systems and components Serving leading organisations within the industrial and automotive sectors 2,700 employees across 15 countries worldwide Revenue i
Slide 4: Steady growth to our ambitious targets
12/04/2016 Steady growth to our ambitious targets x 1 mln EUR 500 450 400 CAGR 14% 350 300 250 200 150 100 50 - 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 *Only electromagnetic companies (2005-2007) ** Kuhnke sales included from May 2013 onwards 7 Inserting a picture: - click ribbon tab
Slide 5: Summary 2015 and Key figures 2015
12/04/2016 Summary 2015 Mixed market conditions Strong first half of the year, lower activity levels in second half in automotive and industrial activities Organic growth of 3%, mostly currency driven Automotive growth 5%, supported by new projects, but held back by anticipated revenue decli
Slide 6: Business review: Division Industrial
12/04/2016 Inserting a picture: - click ribbon tab DESIGN; in group ‘Customize’ select ‘Format Background’ - below ‘FILL’ click ‘Picture or texture fill’ - below ‘Insert picture from’ click ‘File...’, select your picture in the browser and click ‘Insert’ - if you want to use the picture as backgroun
Slide 7: General remarks Division Industrial
12/04/2016 General remarks Division Industrial (1/2) Good market conditions in first half of the year but the German machine building market slowed down in the second half of the year as export activity dropped. Swiss market under pressure due to currency effects Stable revenue development in 20
Slide 8: Division Automotive
12/04/2016 Division Automotive 15 General remarks Division Automotive (1/2) Market conditions were mixed during 2015. Activity levels in the worldwide automotive industry were high in the first half of 2015, but started to slow down just before the summer Revenue increased by 5% to EUR 291.3 mil
Slide 9: Division Automotive (2/2) and Taking Responsibility Programme
12/04/2016 General remarks Division Automotive (2/2) Passenger Cars (PC) Some impact from the Volkswagen diesel issue Successful in acquiring new projects Anticipated phase out of contracts reduced Automotive Control Systems growth to -9%. Other activities rose by almost 10% New active d
Slide 10: Taking Responsibility – some results
12/04/2016 Taking Responsibility – some results > 20% Industrial products and > 40% Automotive products contribute to energy saving and emission reduction Energy - CO2 of our biggest plants: Reductions 2012 - 2014: - Relative CO2 emission: 46% - Energy consumption: >10% Target 2015 – 2017: 2
Slide 11: Financial results and financial targets
12/04/2016 Financial results and financial targets (1/5) (x EUR 1 million unless otherw ise stated) FY 2015 FY 2014 Difference in % Revenue 442.1 428.9 3% EBITDA 45.2 49.3 -8% EBITA 25.8 32.9 -22% Net profit 16.8 20.2 -17% ROS 5.8% 7.7% (x EUR 1 million unless otherw ise stated) Q4 2015 Q4 2014 Diff
Slide 12: Financial position and results (3/5, 4/5)
12/04/2016 Financial position and results (3/5) Increase in other operating expenses largely due to non-recurring product warranty costs (EUR 3.0 million higher, mainly in Automotive), business development projects (EUR 0.8 million) and higher repairs and maintenance costs (EUR 1.1 million) Incr
Slide 13: Financial position and results (5/5) and Dividend
12/04/2016 Financial position and results (5/5) In control of working capital, year-end position improving to 9.8%% (2014: 10.5%) Investments exceeded depreciation (EUR 19.4 million), as expected Investments in property, plant and equipment amounted to EUR 22.3 million, main project in 2015 wa
Slide 14: 2016 and beyond: Revenues have grown…
12/04/2016 Inserting a picture: - click ribbon tab DESIGN; in group ‘Customize’ select ‘Format Background’ - below ‘FILL’ click ‘Picture or texture fill’ - below ‘Insert picture from’ click ‘File...’, select your picture in the browser and click ‘Insert’ - if you want to use the picture as backgroun
Slide 15: … but not profits / Going forward…
12/04/2016 … but not profits 35 14.0% 32.9 30.7 30 12.0% 11.5% 25.8 10.9% 25 24.2 23.9 10.0% 22.3 20 8.0% 7.8% 7.7% 6.8% 15 6.0% 5.8% 10 4.0% 5 2.0% 0 0.0% 2010 2011 2012 2013 2014 2015 29 Going forward… We remain confident about our business fundamentals and our ability to continue to grow both o
Slide 16: Kendrion – We magnetise the world
12/04/2016 KENDRION WE MAGNETISE THE WORLD www.kendrion.com 16