Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — Vossloh — Shareholder Meeting (May 2018)
31 slides from Vossloh Aktiengesellschaft's shareholder meeting presentation, May 9, 2018
Slide 1: Annual General Meeting of Vossloh AG
Driving Innovation. Developing Potential. Annual General Meeting of Vossloh AG May 9, 2018 1
Slide 2: 2017 – Year of counteractive developments
2017 – Year of counteractive developments 2
Slide 3: 2017 – Very good core business performance
2017 – Very good core business performance Profitability Sales increase Value added is exceeds significantly positive again expectations Entry into the concrete ties business in the Financial position USA is proceeding successfully, integration strengthened again is completed 3
Slide 4: 2017 – Sale of Locomotives expected in 2018
2017 – Sale of Locomotives expected in 2018 Locomotives business unit reported as discontinued operations due to advanced sales discussions; sale likely in 2018 Impairment of €26 million and net loss in 2017 for Vossloh Locomotives burden net income 4
Slide 5: 2017 – Sale of Locomotives expected in 2018
2017 – Sale of Locomotives expected in 2018 Shunting locomotive business = niche business 5
Slide 6: 2017 – Sale of Locomotives expected in 2018
2017 – Sale of Locomotives expected in 2018 High strategic interest in the last remaining unit in the Transportation division Several interested parties still in the running as potential buyers; positive net cash inflow expected as of now 6
Slide 7: With expertise gained over decades …
With expertise gained over decades … 7
Slide 8: … Vossloh sets high standards in the industry.
… Vossloh sets high standards in the industry. 8
Slide 9: New opportunities for the future
New opportunities for the future Information and communication technology provide us with new, powerful tools for a major leap forward We look beyond the borders of our industry and promote dialogue and cooperation with other disciplines 9
Slide 10: We understand the physics of tracks
We understand the physics of tracks We are developing new applications that offer operators maximum added value for the future world of rail As a system supplier, we have the necessary expertise for the complex system of rail tracks 10
Slide 11: Maximum availability of rail tracks
Maximum availability of rail tracks Suitable sensor technology Extended life cycle for detects current track status track components Cost-optimized and Tracks have maximum need-based maintenance availability for operators of rail infrastructure 11
Slide 12: Maximum availability of rail tracks
Maximum availability of rail tracks Suitable sensor technology Extended lifespan of track precisely detects current track components status Cost-optimized maintenance of Tracks have maximum “The Smart Rail Track by Vossloh” rail infrastructure availability for operators 12
Slide 13: “The Smart Rail Track by Vossloh”
“The Smart Rail Track by Vossloh” Central idea in the Vossloh Group's innovation management Specialists from all divisions work closely on innovative ideas for a smarter track 13
Slide 14: Technology alliance in Russia
Technology alliance in Russia Joint venture with leading Russian tie manufacturer produces rail fasteners for Russia 14
Slide 15: Successful internationalization
Successful internationalization Premiere for high-speed grinding technology in France: preventative maintenance for the Toulouse tram network 15
Slide 16: EBA approval for HSG-city
EBA approval for HSG-city First use of the high-speed grinding technology in France: preventative maintenance for the Toulouse tram network New application opportunities, particularly for rapid transit railways 16
Slide 17: Vossloh Group
Vossloh Group Sales (€ mill.) EBIT (€ mill.) EBIT margin (%) Value added (€ mill.) 918.3 11.1 822.5 70.3 57.5 7.7 7.0 (1.5) 2016 * 2017 2016 * 2017 2016 * 2017 2016 */** 2017 * Prior-year figures adjusted due to the treatment of the Locomotives business unit as discontinued operations. ** A weighted
Slide 18: Vossloh Group
Vossloh Group Key Group indicators 2016 / 12/31/2016* 2017 / 12/31/2017 Net income € mill. 10.1 0.3 Earnings per share € 0.22 (0.50) Earnings per share € 1.30 1.74 (continuing operations) Free cash flow** € mill. 25.2 (22.3) Equity € mill. 550.8 532.4 Equity ratio % 40.3 42.5 Net financial debt € mi
Slide 19: Core Components division
Core Components division Sales (€ mill.) EBIT (€ mill.) 2017 51.2 2016 32.0 +36.7 % EBIT margin (%) 2017 14.6 351.4 2016 12.5 257.1 2016 2017 19
Slide 20: Customized Modules division
Customized Modules division Sales (€ mill.) EBIT (€ mill.) 2017 30.5 2016 34.4 (1.8) % EBIT margin (%) 2017 6.3 2016 7.0 492.3 483.3 2016 2017 20
Slide 21: Lifecycle Solutions division
Lifecycle Solutions division Sales (€ mill.) EBIT (€ mill.) 2017 6.6 2016 7.7 +9.0 % EBIT margin (%) 2017 7.3 91.0 2016 9.2 83.5 2016 2017 21
Slide 22: Vossloh Group, First Quarter 2018
Vossloh Group, First Quarter 2018 Sales (€ mill.) EBIT (€ mill.) (9.1) % 196.2 178.3 9.6 1.6 1-3/2017* 1-3/2018 1-3/2017* 1-3/2018 * Prior-year figures adjusted due to the treatment of the Locomotives business unit as discontinued operations. 22
Slide 23: 2018e: temporary weaker business in China
2018e: temporary weaker business in China Sales in the range of €875 million to €950 million EBIT margin of between 6.0 and 7.0 percent Aiming for positive value added in spite of lower EBIT expectations 23
Slide 24: Focus on sustainable profitable growth
Focus on sustainable profitable growth Profound, already successful transformation has established the right parameters Guiding principle of “One Vossloh” put into practice; focus on rail tracks 24
Slide 25: 4 strategic areas of action for growth
4 strategic areas of action for growth 25
Slide 26: 4 strategic areas of action for growth
4 strategic areas of action for growth Increasing expertise through acquisitions and partnerships 26
Slide 27: 4 strategic areas of action for growth
4 strategic areas of action for growth It’s people that make the difference 27
Slide 28: 4 strategic areas of action for growth
4 strategic areas of action for growth Added value for the customers based on industrial top performance 28
Slide 29: Rail technology market remains attractive
Rail technology market remains attractive Urbanization is a major driving force; rail-based infrastructure is a prerequisite for mobility in metropolitan areas The advantage of the railway: creating climate-friendly mobility 29
Slide 30: Pooled expertise …
Pooled expertise … … and custom combined systems and services for the maximum possible route availability 30
Slide 31: Thank you for your attention.
Driving Innovation. Developing Potential. Annual General Meeting of Vossloh AG May 9, 2018 Thank you for your attention. 31