Componenta Oyj · OMXHEX:CTH1V
Componenta Oyj — H1 2001 Earnings Presentation
18 slides from Componenta Oyj's earnings presentation, Jun 30, 2001
Slide 1: Componenta Holding Corporation Interim Report 1 January - 30 June 2001
Componenta Holding Corporation Interim Report 1 January - 30 June 2001
Slide 2: Income statement
Income statement MEUR 2001 2000 2000 1-6 1-6 1-12 Proforma Proforma Net sales 107.8 124.5 225.7 Other operating i n c o m e 3.4 5.3 7.4 Share of result of associated companies -0.5 0.0 -0.5 Operating expenses 98.7 115.0 208.7 Depreciation and write-down of non-current 4.2 5.2 9.6 assets Operating pr
Slide 3: Operating profit
Operating profit MEUR 2001 2000 2000 1-6 1-6 1-12 Proforma Proforma Cast and other components 6.3 8.5 12.9 Other business 0.5 1.1 1.4 Divested operations, excluding profit/loss from sale 0.1 -2.9 -3.3 Other income and one-time expenses from business, 1.2 2.8 3.9 net Others and internal sales -0.3 0.
Slide 4: Review period in a nutshell
Review period in a nutshell • Componenta Holding holds 99.3% of Componenta’s shares • Result declined from previous year – Result impaired by two loss-making units in Sweden, where actions taken will have impact in 2002 – One-time net income fell + Divesting of loss-making operations had positive im
Slide 5: Net sales and order book
Net sales and order book Net s a l e s Order b o o k MEUR MEUR 70 45 60 40 35 50 30 40 25 30 20 20 15 10 10 5 0 0 I II III IV I II III IV 2000 Proforma 2000 Proforma Comparable Comparable 2001 2000
Slide 6: Operating profit and profit after financial items
Operating profit and profit after financial items Operating profit Profit after financial items I MEUR II III IV MEUR % 8 12 9 7 7 10 6 5 8 5 3 4 6 1 3 4 2 -1 I II III IV 2 1 -3 0 0 -5 I II III IV 2000 Proforma 2001 2000 Proforma 2001 % %
Slide 7: Equity ratio, %
Equity ratio, % Componenta Holding and Componenta Componenta Holding Componenta 35 45 30 40 35 25 30 20 25 15 20 15 10 10 5 5 0 0 Pro-forma at 1.01 30.6.2001 96 97 98 99 00 Q2/01 Preferred capital notes as equity Preferred capital notes as equity Group reserve Preferred capital notes as liability Pr
Slide 8: Division of sales
Division of sales Sales by market Sales by business area area 18 % 16 % 2% 4% 27 % 53 % 80 % Finland Cast components, other Rest of Scandinavia components Other operations Rest of Europe Other countries Other
Slide 9: Sales to client industries
Sales to client industries Trucks General Off-road Other Engineering 56 % 30 % 12 % 2%
Slide 10: Cast and other components
Cast and other components Net s a l e s Operating profit MEUR MEUR % I II III IV 50 5 12 45 4,5 10 40 4 35 3,5 8 30 3 25 2,5 6 20 2 4 15 1,5 1 10 2 0,5 5 0 0 0 I II III IV I II III IV 2000 2001 2000 2001 % %
Slide 11: Cast and other components
Cast and other components • Net sales rose from previous year – deliveries to truck industry grew 2% thanks to contracts signed in 2000 – sales to general engineering rose 6% – off-road sales declined 6% • Alvesta foundry and Osby machine shop made substantial operating losses, in consequence profit
Slide 12: Cast and other components
Cast and other components • Remedial programmes underway at loss-making units • Operations at units serving truck industry adjusted for reduced demand • Karkkila foundry posts positive operating result • Sales of geared components also down, mainly because of lower demand from the truck industry • F
Slide 13: Cast components, sales to general engineering
Cast components, sales to general engineering MEUR 18 16 14 12 10 8 6 4 2 0 I II III IV 1999 2000 2001
Slide 14: Cast components, sales to heavy truck industry
Cast components, sales to heavy truck industry MEUR 30 25 20 15 10 5 0 I II III IV 1999 2000 2001
Slide 15: Cast components, sales to off-road industry
Cast components, sales to off-road industry MEUR 6 5 4 3 2 1 0 I II III IV 1999 2000 2001
Slide 16: Other operations
Other operations Net s a l e s Operating profit MEUR % MEUR I II III IV 12 0,8 8 0,7 7 10 0,6 6 0,5 5 8 0,4 4 6 0,3 3 0,2 2 4 0,1 1 2 0 0 -0,1 I II III IV -1 0 -0,2 -2 I II III IV 2000 2001 % % 2000 2001
Slide 17: Other operations, associated companies
Other operations, associated companies • Reduced demand in truck industry also cut sales by the group’s forges • Sales of brass and aluminium components show significant increase • Share of the result of associated companies was MEUR -0.5 (0.0). One-time write-downs by Thermia AB were the main reaso
Slide 18: Prospects for the near future
Prospects for the near future • Uncertainty surrounds the future of the economy worldwide, slowdown in growth in the USA appears to be spreading elsewhere • Demand in the heavy truck industry is estimated to fall by 10 % from the previous year • Volumes in general engineering are likely to continue