Glaston Oyj · OMXHEX:GLA1V

Glaston Oyj — Q2 2017 Earnings Presentation

19 slides from Glaston Oyj's earnings presentation, Aug 10, 2017

  1. Slide 1: Glaston January-June 2017

    Glaston January-June 2017 10 August 2017

  2. Slide 2: Q2 in brief

    Q2 in brief ▪ In the second quarter, the glass processing Orders received: market became more active to some extent EUR 26.6 million, -7%*) ▪ New orders grew by 23% compared to the previous quarter Net sales: ▪ The order book was on the same level as last year EUR 29.1 million, +32%*) ▪ Due to an in

  3. Slide 3: Operating environment

    Operating environment ▪ In the EMEA area, overall market development was good 60 ▪ Decision-making slow in many countries, especially in Eastern Europe ▪ Growing demand in Central and Southern Europe 40 ▪ In the Asian market, development was positive, but varied from region to region ▪ In Australia

  4. Slide 4: Q2 net sales

    Q2 net sales Up +32%*) 20.1 31.1 21.9 36.6 26.3 30.1 34.3 32.6 29.4 22.1 20.5 35.1 22.8 29.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 M€ 2014 2015 2016 2017 *) Net sales were up 35%, if sales of the pre-processing business in the USA and Canada are taken into account 4

  5. Slide 5: Q2 comparable operating result

    Q2 comparable operating result Growth in net sales improved the result 8% 8% 7% 6% 6% 5% 5% 5% 2% 2% 0% 1.8 1.1 3.0 1.2 1.7 2.5 0.6 0.7 2.7 0,0 1.4 -0.3 -0.4 -0.4 -1% -2% -2% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2014 2015 2016 2017 EBIT, M€ EBIT% 5

  6. Slide 6: Order book at the previous year's level

    Order book at the previous year’s level 56.0 56.0 52.8 47.8 46.0 45.6 45.1 41.7 40.9 41.2 39.0 38.5 32.7 34.5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 M€ 2014 2015 2016 2017 6

  7. Slide 7: Machines Q2

    Machines Q2 ▪ In the second quarter, the Machines business market was more active ▪ In the EMEA area, decision-making was slow in 40 many countries, but overall market development was stable ▪ The North American market levelled of. The South 20 American market picked up marginally ▪ In the Asian mar

  8. Slide 8: Services Q2

    Services Q2 ▪ A cautiously positive development of the Services 20 business market was evident ▪ The development of the EMEA area was double- edged: on the one hand, Glaston received a high number of orders; on the other hand, significant 10 slowdown in some countries ▪ The North American market con

  9. Slide 9: Net sales by area

    Net sales by area EMEA net sales up +29% 60 51.5 52.0 50 20.4 19.3 40 30 7.4 11.5 20 25.3 10 19.6 0 1-6/2016 EMEA Asia Americas 1-6/2017 M€ M€

  10. Slide 10: Cash flow from operating activities

    Cash flow from operating activities Advance payments related to orders declined 0.2 2.0 15.9 2.0 0.6 2.0 4.3 8.9 -1.5 -3.3 -2.3 -1.8 -3.8 -2.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 M€ 2014 2015 2016 2017 10

  11. Slide 11: Net debt

    Net debt Increased due to the growth in working capital 57.7 10.9 11.4 8.6 7.4 7.7 6.1 5.2 5.9 3.0 -5.0 -1.2 -0.6 M€ 2012 2013 2014 Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 11

  12. Slide 12: Shareholders

    Shareholders Ahlström Capital acquired G.W.Sohlberg’s shares 30 June 2017 Numbers of shares % of shares and voting rights Change May ->June Ac Invest Eight B.V. 33,931,442 17.52 + 33,931,442 Hymy Lahtinen Oy 23,400,000 12.08 OP-Finland Small Firms Fund 13,918,323 7.19 +8,750,000 (+169,3%) Etera Mutu

  13. Slide 13: Outlook

    Outlook ▪ Good order book at start of the year, positive market development and the cost-saving measures undertaken create good conditions for the development of operations in 2017. ▪ We expect the full-year comparable operating result to improve from 2016. (In 2016 the comparable operating result w

  14. Slide 14: Emerging technologies

    Emerging technologies

  15. Slide 15: Functional glass

    Functional glass ▪ Functional glass can, for example, increase the living comfort and safety of both buildings and users ▪ Adapts to its environment ▪ Saves or generates energy ▪ Collects information about its surroundings Varsinainen yhtiökokous 2017 15

  16. Slide 16: The smart glass potential is huge

    The smart glass potential is huge 9983 ▪ Glaston is actively seeking new business 10000 8694 opportunities in emerging glass technologies 7565 8000 6561 ▪ The Emerging Technologies unit is involved in 6000 4925 5683 active discussions on solar energy solutions, 3710 4271 demanding architectural solu

  17. Slide 17: New smart glass technology

    New smart glass technology Heliotrope Technologies ▪ The competitive advantage of this new technology over solutions already on the market is significantly lower production costs and aesthetic qualities in terms of the colour and haze of the glass Daylighting & Glare control Privacy Room darkening E

  18. Slide 18: Step Change – first glass industry startup event

    Step Change – first glass industry startup event ▪ In connection with the Glaston-organised Glass Performance Days conference a glass industry startup event was held for the first time ▪ The aim of the event is to accelerate the development of the sector and introduce new innovations to investors ▪

  19. Slide 19: www.glaston.net

    www.glaston.net

Glaston — Q2 2017 Earnings Presentation on 6ix