Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — Vossloh — Q3 2012 Earnings Presentation
13 slides from Vossloh Aktiengesellschaft's earnings presentation, Oct 31, 2012
Slide 1: Presentation to Investors
Presentation to Investors October 31, 2012, interim report as of September 30, 2012 1
Slide 2: Disclaimer
Disclaimer NB: The presentation contains forward-looking statements that are based on current estimates and assumptions made by the management of Vossloh to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the nonoccurrence or occurrence of which cou
Slide 3: Vossloh Group, 9 months 2012: order intake and backlog
Vossloh Group, 9 months 2012 Order intake at €945.5 million continuing healthy, order backlog again at a record €1.550.3 million Order backlog, sales and order intake, by business unit +18.9% € mill. 600 +39.7% +11.0% 500 523.8 +9.7% +8.4% +1.2% +8.3% -37.4% -21.3% 440.4 400 424.9 +2.4% -19.9% -0.2%
Slide 4: Sales slightly up, EBIT lower than a year ago
Vossloh Group, 9 months 2012 Sales slightly up, EBIT lower than a year ago Vossloh Group showing upturn in Q3 and record order backlog; sales climbing 5.9%, EBIT surging 28% to €30.1 million Transportation division reporting definite sales rise through the year to date, Rail Infrastructure generatin
Slide 5: Working capital slashed again, capital employed virtually unchanged
Vossloh Group, 9 months 2012 Working capital slashed again, capital employed virtually unchanged Total assets mounting due to higher total of inventories plus tangible and intangible assets Total equity below year-earlier level after stock buyback in H2/2011 Working capital again pruned year-on-year
Slide 6: Freely available cash flow above year-earlier period
Vossloh Group, 9 months 2012 Freely available cash flow above year-earlier period Cash flow analysis (€ million) 1–9/2011 1–9/2012 EBIT 68.2* [67.9] 61.1 Amortization/depreciation/write-down of noncurrent assets (net 28.7 29.8 after write-up) Change in noncurrent accruals (6.7)* [(5.7)] 6.3 Gross ca
Slide 7: Rail Infrastructure, 9 months 2012
Rail Infrastructure, 9 months 2012 Vossloh Switch Systems’ sales up, Vossloh Fastening Systems benefiting from call-offs in China, Vossloh Rail Services weak Sales almost back to year-earlier level, shipments in China resumed in June EBIT and EBIT margin in Q3 returning to year-on-year growth, but 9
Slide 8: Transportation, 9 months 2012
Transportation, 9 months 2012 High order intake in 2011 boost sales, offering growth prospects beyond fiscal 2013 Sales rise borne by both business units, order backlog continuing tall EBIT and EBIT margin, ROCE and value added all above year-earlier level Vossloh Transportation Systems: sales climb
Slide 9: Both divisions incur year-on-year lower capex
Vossloh Group, 9 months 2012 Both divisions incur year-on-year lower capex € million 1–9/2011 1–9/2012 ∆ in % Capital expenditures Amortization/depreciation Group € mill. € mill. Capex 50.3 39.7 -21.1 2.5 2.0 0.4 0.6 35 25 Amort./depreciation 20.6 9.6 11.6 28.3 29.7 +5.0 30 15.6 20 Rail Infrastructu
Slide 10: Vossloh stock, 9 months 2012
Vossloh stock, 9 months 2012 Vossloh stock underperforms year to date, outshines MDAX in Q3 Vossloh stock price trend from 1/01/2012 to 9/30/2012 95 90 85 80 75 70 65 60 12/31/2011 1/31/2012 2/29/2012 3/31/2012 4/30/2012 5/31/2012 6/30/2012 7/31/2012 8/31/2012 9/30/2012 Vossloh share price in € Mark
Slide 11: Business stimulus in Europe; growth drivers outside Europe
Vossloh Group, 9 months 2012 Business stimulus in Europe from Germany, France, and Poland Growth drivers outside Europe: Asia and Americas Sales trend worldwide Sales trend in Europe € mill. 19.3 23.9 € mill. 900 28.4 13.1 42.5 600 46.8 % % ∆ sales 800 130.6 184.8 1–9/2011 1–9/2012 in % 146.8 85.5 7
Slide 12: Targets for 2012 reaffirmed, more growth budgeted for 2013
Vossloh Group, forecast 2012 Targets for 2012 reaffirmed, more growth budgeted for 2013 Forecast supported by the again tall order backlog of over €1.5 billion Rail Infrastructure division: Added growth momentum thanks to ongoing internationalization and improved cost structures to strengthen market
Slide 13: Financial diary and contacts
Financial diary and contacts Financial diary March 21, 2013 Publication of annual report 2012; investors and analysts conference1 April 25, 2013 Publication of interim report as of March 31, 20131 May 29, 2013 Annual general meeting July 25, 2013 Publication of interim report as of June 30, 20131 Oc