Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — Vossloh — ODDO BHF German Conference 2018
25 slides from Vossloh Aktiengesellschaft's conference presentation, Feb 21, 2018
Slide 1: Investors Conference – ODDO BHF German Conference
Investors Conference – ODDO BHF German Conference February 21, 2018, Frankfurt Clear focus. Sharpened profile. Draft, version 4, as of 3/8/2016, 11:20 a.m.
Slide 2: Disclaimer
Disclaimer Note: This presentation contains statements concerning the future business performance of the Vossloh Group that are based on assumptions and estimates from the company management. If the assumptions that the projections are based on fail to occur, the actual results of the projected stat
Slide 3: Vossloh – Connecting Expertise
Vossloh – Connecting Expertise Integrated product portfolio and interlinked competence Core business Infrastructure Core Components Product business Customized Modules Project business Excellent technological know-how and long term Strong solutions competence in all areas of switch experience ar
Slide 4: Vossloh in Transformation Milestones June 2014 – February 2018
Vossloh in Transformation Milestones June 2014 – February 2018 June 2014 March 2015 March 2016 January 2017 Comprehensive 2014 financial results: 2015 financial results: Closing of Rocla acquisition analysis of all Forecast of June Operational and strategic Sale of Electrical Systems completed activ
Slide 5: Vossloh Group: Clear focus. Sharpened profile.
Vossloh Group: Clear focus. Sharpened profile. Higher sales and improved profitability compared to previous year Operational Business Sales increased from the previous year, particularly due to Tie Technologies acquisition: the overall good performance this year is continuing in the third quarter
Slide 6: Vossloh Group: Clear focus. Sharpened profile.
Vossloh Group: Clear focus. Sharpened profile. Higher sales and improved profitability compared to previous year Regional China: Sustained good market position of Core Components with rail fastening Developments systems in the high-speed sector, currently low tendering activities for new construct
Slide 7: Vossloh Group: Profitability further increased, significantly higher net income
Vossloh Group Profitability further increased, significantly higher net income 1–9/2016/ 1–9/2017/ Sales up by 12.1%, primarily due to 9/30/2016 9/30/2017 the consolidation of Vossloh Tie Technologies and good sales Net sales € million 664.1 744.3 development at Vossloh Fastening Systems EBIT € mill
Slide 8: Vossloh Group: Equity increased due to positive net income
Vossloh Group Equity increased due to positive net income 1–9/2016/ 1–9/2017/ Equity ratio above the previous year 9/30/2016 9/30/2017 primarily due to the sale of the former Electrical Systems business unit and Equity € million 545.7 563.2 positive net income Equity ratio % 39.1 43.8 Ø working
Slide 9: Core Components Division (CC)
Core Components Division (CC) Sales significantly above the previous year, EBIT 65.7% higher Net sales in € million EBIT in € million EBIT margin in % +46.4% 268.1 183.1 39.9 14.9 13.1 24.1 1–9/2016 1–9/2017 1–9/2016 1–9/2017 1–9/2016 1–9/2017 Sales up against the previous year primarily due to th
Slide 10: Fastening Systems Business Unit
Fastening Systems Business Unit Very positive business performance after nine months Net sales in € million Value added in € million +14.1% 208.9 31.0 183.1 16.7 1–9/2016 1–9/2017 1–9/2016 1–9/2017 Unexpectedly high demand in China; current high-speed projects in China have been largely completed;
Slide 11: Tie Technologies Business Unit
Tie Technologies Business Unit New business unit is performing in line with expectations Net sales in € million Value added in € million 1–9/2017 60.3 (3.9) 1–9/2017 Good sales development in Mexico as well as in the Transit area; continued weak demand from Class I operators; typically lower seaso
Slide 12: Customized Modules Division (CM)
Customized Modules Division (CM) Continued weak demand in the USA, the order situation continues to improve Net sales in € million EBIT in € million EBIT margin in % (5.7)% 374.6 353.2 27.4 24.2 7.3 6.9 1–9/2016 1–9/2017 1–9/2016 1–9/2017 1–9/2016 1–9/2017 Lower sales especially from France and Sw
Slide 13: Lifecycle Solutions Division (LS)
Lifecycle Solutions Division (LS) Significant increase in sales, earnings above previous year Net sales in € million EBIT in € million EBIT margin in % +9.5% 61.9 67.7 5.8 5.9 3.6 4.0 1–9/2016 1–9/2017 1–9/2016 1–9/2017 1–9/2016 1–9/2017 Very positive sales development in HSG segment (including sa
Slide 14: Transportation Division
Transportation Division Division again records losses in the 2017 fiscal year Net sales in € million EBIT in € million EBIT margin in % +15.5% 1–9/2016 1–9/2017 1–9/2016 1–9/2017 61.1 (9.0) 52.9 (13.7) (17.0) (22.4) 1–9/2016 1–9/2017 Sales increase primarily through higher sales of type DE 18 loco
Slide 15: Vossloh Group: Sales by region
Vossloh Group USA above previous year due to acquisition, increase in Asia primarily due to positive business developments in China Europe 411 409 27 37 44 42 96 83 Asia incl. Middle East 163 The Americas 135 25 122 39 27 78 244 247 Africa & Australia 23 138 50 40 95 96 16 55 16 24 34 1-9/2016 1-9/2
Slide 16: Vossloh Group Outlook
Vossloh Group Outlook Overall outlook for 2017 confirmed Vossloh Group Sales between €1.0 billion and €1.1 billion; particularly strong sales growth in Core Components, also due to the first time consolidation of the Tie Technologies business unit EBIT margin of 5.5% to 6.0%; Core Components exp
Slide 17: Financial Calendar and Contact Information
Financial Calendar and Contact Information Financial Calendar March 22, 2018 Publication of consolidated financial statements 2017 May 09, 2018 Annual General Meeting Contact Information for Investors: Dr. Daniel Gavranovic Email: [email protected] Phone: +49 (0) 23 92 / 52-609
Slide 18: Appendix
Appendix 18 vossioh
Slide 19: Income Statement
Vossloh Group Income Statement € million 1–9/2016 1–9/2017 Sales revenues 664.1 744.3 Cost of sales (521.4) (591.3) General administrative and selling expenses (115.9) (117.4) Research and development expenses (7.0) (7.5) Other operating result 13.8 13.7 Operating result 33.6 41.8 Investment result
Slide 20: Balance Sheet
Vossloh Group Balance Sheet 9/30/ 12/31/ 9/30/ 9/30/ 12/31/ 9/30/ Assets in € m illion 2016 2016 2017 Equity and liabilities in € m illion 2016 2016 2017 Intangible assets 251.1 260.5 310.1 Capital stock 45.3 45.3 45.3 Property, plant and equipment 180.4 184.4 223.6 Additional paid-in capital 146.5
Slide 21: Key Performance Indicators
Vossloh Group Key Performance Indicators Core Components Fastening Systems Tie Technologies 1–9/2016 1–9/2017 1–9/2016 1–9/2017 1–9/2016 1–9/2017 Net sales € million 183.1 268.1 183.1 208.9 60.3 EBIT € million 24.1 39.9 EBIT margin % 13.1 14.9 Working capital (Ø) € million 59.0 65.9 Working capital
Slide 22: Key Performance Indicators
Vossloh Group Key Performance Indicators Customized Modules Lifecycle Solutions Transportation 1–9/2016 1–9/2017 1–9/2016 1–9/2017 1–9/2016 1–9/2017 Net sales € million 374.6 353.2 61.9 67.7 52.9 61.1 EBIT € million 27.4 24.2 3.6 4.0 (9.0) (13.7) EBIT margin % 7.3 6.9 5.8 5.9 (17.0) (22.4) Working c
Slide 23: Cash Flow Statement
Vossloh Group Cash Flow Statement € million 1–9/2016 1–9/2017 Earnings before interest and taxes (EBIT) 35.8 43.3 EBIT from discontinued operations (3.9) 2.6 Amortization/depreciation/impairment losses (less write-up) of non-current assets 38.5 24.8 Change in non-current provisions (1.0) 0.5 Gross c
Slide 24: Employees
Vossloh Group Employees Closing date Average Employees 9/30/16 9/30/17 1–9/2016 1–9/2017 Core Components 625 849 632 856 Customized Modules 2,521 2,573 2,546 2,535 Lifecycle Solutions 451 478 460 468 Transportation 396 413 399 403 Vossloh AG 54 65 55 62 Total 4,047 4,378 4,092 4,324 24
Slide 25: Vossloh Share
Vossloh Share Price performance, share information and shareholder structure Price performance of the Vossloh stock 1/1/2017 to 9/30/17 Vossloh share SDAX (rebased) DAX (rebased) € 75 70 65 60 55 30.12.2016 1/1/17 30.03.2017 3/31/17 30.06.2017 6/30/17 30.09.201 9/30/17 Information on the Vossloh sha