Huber + Suhner AG · SIX:HUBN
Huber + Suhner — H1 2013 Earnings Presentation
17 slides from Huber + Suhner's earnings presentation, Aug 20, 2013
Slide 1: First half year 2013
20.08.2013 First half year 2013 20 August 2013 | Media and analysts' conference Agenda Overview of first half year 2013 Urs Kaufmann (CEO) Financial results Ivo Wechsler (CFO) Outlook Urs Kaufmann Questions Integration of Astrolab into H+S Reto Bolt (COO Radio Frequency) Tour of plating facility Buf
Slide 2: Marked increase in net sales and profit
20.08.2013 Overview of the first term of 2013 Marked increase in net sales and profit • Net sales grow by an impressive 23% compared with the previous year • All three business divisions contribute to growth in net sales • EBIT margin of 7.6% once again in the medium-term target range • One-off effe
Slide 3: Special half-year dynamics: Fiber-to-the-Antenna and SAP launch
20.08.2013 Overview of the first term of 2013 Special half-year dynamics Fiber-to-the-Antenna and SAP launch CHF million 450 12% 400 390 384 388 10% 358 352 350 8% 315 300 6% 250 4% 200 2% 150 0% H1/12 H2/12 H1/13 Order intake Net sales Excellence in Connectivity Solutions 20 August 2013 | Media and
Slide 4: Net sales development of business divisions
20.08.2013 Overview of the first term of 2013 The 3 dimensions of our business "Electrical and optical connectivity" APAC Americas EMEA Commu- nication Transporta Industrial tion RF Technology Radio Frequency FO Fiber Optics Low Frequency LF Markets Excellence in Connectivity Solutions 20 August 201
Slide 5: Radio Frequency division and Fiber Optics division
20.08.2013 Overview of the first term of 2013 Radio Frequency division Attractive earning power again / Astrolab integration CHF million Most important aspects • Growth in net sales in H1/13 H1/12 Δ% established business as well Order intake 107.0 114.6 -6.6 • Lower order intake Net sales 115.9 97.9
Slide 6: Low Frequency division; Communication and Transportation
20.08.2013 Overview of the first term of 2013 Low Frequency division Operative turnaround / insolvencies of solar customers CHF million Most important aspects • Increase in net sales despite H1/13 H1/12 Δ% further decline in Solar Order intake 150.8 159.3 -5.3 • Book-to-bill > 1 Net sales 144.0 135.
Slide 7: Net sales by region and conclusion first half year
20.08.2013 Overview of the first term of 2013 Net sales according to regions: Americas more than doubled, Europe in the plus zone, Asia weakening CHF million 250 +9% 200 27% 150 +125% 100 H1/2013 52% -2% 50 21% 0 EMEA (incl. Asica Pacific Americas Switzerland) H1/2012 EMEA (incl.Switzerland) H1/2013
Slide 8: Factors impacting on the top line
20.08.2013 Agenda Overview of first half year 2013 Urs Kaufmann (CEO) Financial results Ivo Wechsler (CFO) Outlook Urs Kaufmann Questions Integration of Astrolab into H+S Reto Bolt (COO Radio Frequency) Tour of plating facility Buffet lunch 20 August 2013 | Media and analysts' conference Financial p
Slide 9: Greatly improved gross margin; operative costs
20.08.2013 Financial performance Greatly improved gross margin 40% 34.6% 30.4% 31.0% 30% Influencing factors • Product mix 20% • Cost savings • Economies of scale 10% 0% H1/12 H2/12 H1/13 Excellence in Connectivity Solutions 20 August 2013 | Media and analysts' conference 17 Financial performance Op
Slide 10: Factors impacting on EBIT; business division margins
20.08.2013 Financial performance Factors impacting on the EBIT CHF million million million million 50 ~ -0.7 +33.9 -12.3 40 30 20 29.4 10 8.5 29.4 0 H1/12 * operative ** Currency/ One-off H1/13 Copper effect * IAS 19 restated ** incl. acquisition effect Excellence in Connectivity Solutions 20 August
Slide 11: Net financial income and income tax rate
20.08.2013 Financial performance Pleasing net financial income CHF million 4 3 (0.6) 2 3.6 2.5 1 0 (0.5) -1 Net financial Currency Other net financial Net financial income H1/12 income income H1/13 Excellence in Connectivity Solutions 20 August 2013 | Media and analysts' conference 21 Financial perf
Slide 12: Factors impacting on net income; consolidated balance sheet
20.08.2013 Financial performance Factors impacting on net income Million CHF Earnings per share (CHF) 0.32 ► 1.18 -7.1 million 40 million million +20.9 +3.0 30 20 10 23.0 6.2 0 H1/12* EBIT Financial result Income tax H1/13 * IAS 19 restated Excellence in Connectivity Solutions 20 August 2013 | Media
Slide 13: Anticipated decline in investments; IAS 19 factors
20.08.2013 Financial performance Anticipated decline in investments CHF million 30 • Expansion in China/Brazil/Poland 20 • IT investments 33.0 10 -67% 11.0 0 H1/12 H1/13 Excellence in Connectivity Solutions 20 August 2013 | Media and analysts' conference 25 Financial performance IAS 19: Most importa
Slide 14: Very high free cash flow
20.08.2013 Financial performance Very high free cash flow: high cash flow from operating activities, low level of investment CHF million H1/13 H1/12 Net cash from operating activities 67.9 21.2 Net cash from investing activities* (13.2) (33.4) Free operative cash flow 54.7 (12.2) Dividend paid (9.7)
Slide 15: Outlook: growth drivers and broadband communication
20.08.2013 Outlook Growth drivers Broadband communication Electric mobility Renewable energies High-tech niches Excellence in Connectivity Solutions 20 August 2013 | Media and analysts' conference 29 Outlook Attractive growth prospects in the medium term Appetite for bandwidth • Smartphones, mobile
Slide 16: Outlook: growth drivers and anticipated trends in second half
20.08.2013 Outlook Growth drivers Broadband communication 30% 40% Approx. net sales share Electric mobility 30% High-tech niches Excellence in Connectivity Solutions 20 August 2013 | Media and analysts' conference 31 Outlook Anticipated trends in the second half year 2013 (compared with the first te
Slide 17: Outlook for the full year 2013
20.08.2013 Outlook for the full year 2013 • Economic environment continues to be unstable • Robust business development anticipated overall • Second term will not follow on seamlessly from the first - due to special dynamics in Fiber Optics • Keep an eye on insolvency procedures of solar clients • A