Componenta Oyj · OMXHEX:CTH1V
Componenta Oyj — Shareholder Meeting (June 2014)
26 slides from Componenta Oyj's shareholder meeting presentation, Jun 27, 2014
Slide 1: Ylimääräinen yhtiökokous 27.6.2014
YLIMÄÄRÄINEN YHTIÖKOKOUS 27.6.2014 Heikki Lehtonen toimitusjohtaja 1
Slide 2: Our Broad Customer Base Supports Stability and Innovation
Our Broad Customer Base Supports Stability and Innovation 15% 31% 17% 19% 18% 18% 19% 17% 31% 15% Agricultural Machine Construction Automotive Machinery Building and Mining Heavy Trucks Construction Machine Agricultural Heavy Trucks and Mining Building Automotive Machinery 2 27.6.2014
Slide 3: Our Value-Adding Supply Chain Forms a Key Competitive Edge
Our Value-Adding Supply Chain Forms a Key Competitive Edge Engineering Services Inventory, customer service Customers • Co-operation with key customers from product and logistics development through manufacturing. Sourcing Manufacturing Inventory, Distribution Customer Service Customers and sales Pr
Slide 4: Shifting Production to Low Cost Location
Shifting Production to Low Cost Location Continuous shift to Turkey significantly improves cost structure Revenue Breakdown – Europe vs Turkey Development of Iron Production 100% Volumes in Turkey 60% 90% 56% 56% 54% 50% 80% 52% 52% 53% 48% 55% 70% 62% 64% 43% 40% 42% 60% 50% 30% 40% 20% 30% 45% 48%
Slide 5: Componenta's Cycle of Success
COMPONENTA’S CYCLE OF SUCCESS 5 27.6.2014
Slide 6: Componenta's Cycle of Success
Componenta’s Cycle of Success Experienced Industry Management Leading Team with Player in Strong Track Target Record Markets Flexible Cost Specialised Structure Business Model Supported By with High Well Invested Barriers to Entry Asset Base Well Long-term, Positioned to “sticky” Capitalize on Relat
Slide 7: Industry Leading Player in Target Markets
Industry Leading Player in Target Markets Componenta is the European market leader for small-mid series, complex iron castings Position in European Iron Castings Target Market Componenta’s Position (Revenue in €m) • Focus on complex, safety critical parts 0 200 400 600 800 • Significant scale advant
Slide 8: Specialised Business Model with High Barriers to Entry
Specialised Business Model with High Barriers to Entry 8 27.6.2014
Slide 9: Specialised Business Model with High Barriers to Entry
Specialised Business Model with High Barriers to Entry Revenue streams are characterised by long product lifecycles Sources: Management information and Thomson Reuters 9 27.6.2014
Slide 10: Well Positioned to Capitalize on Favourable Industry Trends
Well Positioned to Capitalize on Favourable Industry Trends 10 27.6.2014
Slide 11: Flexible Cost Structure Supported by Well Invested Asset Base
Flexible Cost Structure Supported by Well Invested Asset Base Increased flexibility in Componenta’s cost structure 11 27.6.2014
Slide 12: Financials
FINANCIALS 12 27.6.2014
Slide 13: Quarterly Development of Net Sales
Liikevaihto vuosineljänneksittäin, Me Quarterly net sales, MEUR 13 0 25 50 75 100 125 150 175 Q1/10 Q2/10 Q3/10 Net sales Q4/10 Q1/11 Q2/11 Net sales, rolling 12 months Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 2010 - Q1 2014 Q4/12 Q1/13 Q2/13 Q3/13 Quarterly Development of Net Sales Q4/13 Q1/14 0 100 200 300 4
Slide 14: Quarterly Development of Order Book
Quarterly Development of Order Book (including orders for the next two months) 120 +2% 100 80 MEUR 60 40 20 0 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 14 27.6.2014
Slide 15: Quarterly Operating Profit and Result After Financial Items
Quarterly Operating Profit and Result After Financial Items (excluding one-time items) Operating profit Result after financial items excluding one-time items excluding one-time items 10 4 8 2 6 0 MEUR MEUR 4 -2 2 -4 0 -6 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 15 27.6.2014
Slide 16: Development of Cash Flow from Operations
16 MEUR -25 -20 -15 -10 0 5 10 15 20 25 -5 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Development of Cash Flow from Operations Q1/14 27.6.2014
Slide 17: Strategy 2014
STRATEGY 2014 17 27.6.2014
Slide 18: Business Strategy for 2014 and Beyond
Business Strategy for 2014 and Beyond 1 Improving • Continued improvement in profitability is our number one priority in the short-term productivity and quality, and • New Force program is key in strategy implementation in 2014, in order to build on realised profitability of savings already achieved
Slide 19: Prospects 2014
PROSPECTS 2014 19 27.6.2014
Slide 20: Business Environment 2014
Business Environment 2014 Componenta’s Componenta’s demand prospects improving demand prospects stable At the end of first quarter the order book The order book for Componenta’s for Componenta’s Heavy Trucks customer Construction and Mining customer industry industry was 1% lower than in the was 3%
Slide 21: Business Environment 2014 (cont'd)
Business Environment 2014 (cont’d) Componenta’s Componenta’s Componenta’s demand prospects improving demand prospects stable demand prospects stable The order book for Componenta’s The order book for Componenta’s The order book for Componenta’s Machine building customer segment was Agricultural mach
Slide 22: Prospects for Componenta in 2014
• The prospects for Componenta in 2014 are based on general external economic indicators, delivery forecasts given by customers, and on Componenta’s order intake and order book. Prospects for • In consequence of the structural efficiency measures being carried out, the Componenta operating profit fo
Slide 23: Osakeantivaltuutus ja rahoitusjärjestelyt
OSAKEANTIVALTUUTUS JA RAHOITUSJÄRJESTELYT 23 27.6.2014
Slide 24: Hallituksen valtuuttaminen päättämään osakeannista
Hallituksen valtuuttaminen päättämään osakeannista sekä osakkeisiin oikeuttavien erityisten oikeuksien antamisesta • Hallitus ehdottaa ylimääräiselle yhtiökokoukselle, että yhtiökokous valtuuttaa hallituksen päättämään osakeannista sekä osakeyhtiölain 10 luvun 1 §:n tarkoittamien osakkeisiin oikeutt
Slide 25: Osakeantivaltuutus osana yhtiön rahoitusjärjestelyjä
Osakeantivaltuutus osana yhtiön rahoitusjärjestelyjä • Osakeantivaltuutuksia on tarkoitus käyttää osana yhtiön jo aiemmin ilmoittamaa rahoituksen uudelleenjärjestelyä • Näiden tarkoituksena on: • vähentää yhtiön velkaisuutta, • pidentää velkarahoituksen keskimääräistä juoksuaikaa merkittävästi, • pi
Slide 26: Casting Future
Casting Future SOLUTIONS COMPONENTA