Autoneum Holding AG · SIX:AUTN
Autoneum — H1 2018 Earnings Presentation
16 slides from Autoneum's earnings presentation, Jul 26, 2018
Slide 1: Half-Year Results 2018
Half-Year Results 2018 Martin Hirzel, CEO, and Dr Martin Zwyssig, CFO
Slide 2: Agenda
Agenda 1. Introduction and Highlights Half-Year 2018 Martin Hirzel, CEO 2. Financial Results Half-Year 2018 Dr Martin Zwyssig, CFO 3. Outlook Full Year 2018 Martin Hirzel, CEO
Slide 3: Highlights Half-Year 2018
Business Groups Europe, Asia and SAMEA with above-market revenue growth Revenue increase EBIT margin of 3.9% in Swiss francs at respectable 7.5% Highlights Half-Year 2018 Shrinking production volumes in Rise of raw material major automotive markets prices continues Opening of sixth Eastern European
Slide 4: Agenda
Agenda 1. Introduction and Highlights Half-Year 2018 Martin Hirzel, CEO 2. Financial Results Half-Year 2018 Dr Martin Zwyssig, CFO 3. Outlook Full Year 2018 Martin Hirzel, CEO
Slide 5: Key figures Overview
Key figures Overview CHF million HY 2018 HY 2017* Revenue 1 159.4 1116.0 EBITDA 127.2 130.1 in % of revenue 11.0% 11.7% EBIT 86.4 94.0 in % of revenue 7.5% 8.4% Net profit 60.1 61.7 Investments in tangible assets −72.7 −67.7 Free cash flow −24.1 −36.0 RONA 13.2% 17.1% Basic earnings per share (EPS)
Slide 6: Revenue development
Revenue development Organic revenue growth in line with market CHF million 3.6 21.1 −20.5 7.7 12.1 22.7 −3.3 1 159.4 1 116.0 Organic revenue growth +2.2% Revenue Currency Disposal of BG Europe BG North BG Asia BG SAMEA Corporate and Revenue HY 2017* translation Brazilian plant America eliminations H
Slide 7: Operating result (EBIT) development
Operating result (EBIT) development Weak US market and expansion in Asia impact profitability CHF million Margin Margin 8.7% 3.9% Margin 8.4% 6.7 Margin Margin 7.5% −17.5 Margin 5.5% 8.9% 2.9 3.4 94.0 −2.9 86.4 EBIT BG Europe BG North BG Asia BG SAMEA Corporate and EBIT HY 2017* America eliminations
Slide 8: EBIT development BG North America
EBIT development BG North America Lower call-offs, ramp-up costs & operational inefficiencies CHF million Margin 7.2% −0.3 −6.6 Margin 3.9% −10.5 35.9 −4.7 4.6 18.4 EBIT Currency Lower Ramp-up Operational Overhead EBIT HY 2017* translation call-offs costs inefficiencies savings HY 2018 effect *Resta
Slide 9: Income statement
Income statement Net profit on prior-year level • Revenue in Swiss francs CHF million HY 2018 HY 2017* increased by 3.9% Revenue 1 159.4 1116.0 • Well balanced funding at attractive interest rates EBIT 86.4 94.0 • Income taxes managed on a Financial result −2.7 −3.1 sustainable level at 28.3% Profit
Slide 10: Balance sheet
Balance sheet Solid balance sheet • Continuing capacity CHF million 30.06.2018 31.12.2017* 30.06.2017* development and expansion Total assets 1623.0 1542.9 1393.1 • Increased NWC due to Non-current assets 888.1 853.0 738.1 numerous production Net working capital 140.3 105.5 111.7 ramp-ups and associ
Slide 11: Cash flow
Cash flow Continuing capacity development and expansion • Operating cash flow slightly CHF million HY 2018 HY 2017 above prior-year level Cash flows from operating activities 48.5 47.3 • Increased investments in Cash flows used in investing activities −72.6 −83.3 tangible assets due to capacity deve
Slide 12: Agenda
Agenda 1. Introduction and Highlights Half-Year 2018 Martin Hirzel, CEO 2. Financial Results Half-Year 2018 Dr Martin Zwyssig, CFO 3. Outlook Full Year 2018 Martin Hirzel, CEO
Slide 13: Market, Revenue, Guidance
Market Rise in global automobile production to 97 million light vehicles (growth rate of 2%)* Guidance Revenue 2018 Profitability Organic revenue growth The Group’s EBIT margin of around 3% is expected to be at 7% *According to IHS. Half-Year Results 2018 . July 26, 2018 13
Slide 14: and,
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Slide 15: Contacts and event calendar
Contacts and event calendar Investors and Media Contact Address Financial Analysts Dr Martin Zwyssig Dr Anahid Rickmann Autoneum Holding Ltd CFO Head Corporate Communications & Schlosstalstrasse 43 / P.O. Box Responsibility CH-8406 Winterthur T +41 52 244 82 82 T +41 52 244 83 88 [email protected]
Slide 16: Disclaimer
Disclaimer Autoneum is making great efforts to include accurate and up-to-date information in this document, however we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoeve