Componenta Oyj · OMXHEX:CTH1V
Componenta Oyj — Q1 2001 Earnings Presentation
18 slides from Componenta Oyj's earnings presentation, April 2001
Slide 1: Componenta Holding Corporation Interim Report 1 January - 31 March 2001
Componenta Holding Corporation Interim Report 1 January - 31 March 2001
Slide 2: Income statement
Income statement MEUR 2001 2000 2000 1-3 1-3 1-12 Proforma Proforma Net sales 56.3 62.6 225.7 Other operating income 2.3 1.1 7.4 Share of result of associated companies -0.7 -0.2 -0.5 Operating expenses 52.0 58.1 208.7 Depreciation and write-down of non-current 2.4 2.7 9.6 assets Operating profit 3.
Slide 3: Review period in a nutshell
Review period in a nutshell • Componenta Holding’s offer to exchange and purchase Componenta’s shares accepted • Improvement in result due to focusing on core business and divesting of loss-making operations • Fall in demand from heavy truck industry, but deliveries to general engineering companies
Slide 4: Organisation 1 April 2001
Organisation 1 April 2001 PRESIDENT AND CEO Heikki L e h t o n e n OTHER CAST AND OTHER COMPONENTS ASSOCIATED OPERATIONS EXECUTIVE VICE PRESIDENTAND COO COMPANIES Forged products and Yrjö J u l i n metal castings BUSINESS AREA BUSINESS AREA HEAVY TRUCKS GENERAL ENGINEERING & OFF- OFF-ROAD PRODUCTION
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 40 60 50 35 40 30 20 30 10 0 25 I II III IV I II III IV 2000 Proforma 2000 Proforma Comparable Comparable 2001 2001
Slide 6: Operating profit and profit after financial items
Operating profit and profit after financial items Operating profit Profit after financial items I II III IV MEUR % MEUR 8 12 9 7 10 7 6 8 5 5 4 6 3 3 4 1 2 2 1 -1 I II III IV 0 0 -3 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 40 30 35 25 30 20 25 15 20 15 10 10 5 5 0 0 Proforma 1.1. 31.3.2001 96 97 98 99 00 Q1/01 Negative goodwill Preferred capital notes as equity Preferred capital notes as equity Preferred capital notes as liability Pr
Slide 8: Division of sales
Division of sales Sales by market Sales by business group area 18 % 19 % 2% 1% 26 % 54 % 80 % Cast and other components Finland Scandinavia Other operations Rest of Europe Other countries Other
Slide 9: Sales to client industries
Sales to client industries Heavy General Off-road Other Trucks Engineering 57 % 28 % 12 % 3%
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 • Start up of Customer Product Center • Net sales rose from previous year, thanks to new contracts signed in 2000 and demand from general engineering • Capacity usage good at foundries, levelling off of demand from truck industry reduced volumes at machineshops; Swedish uni
Slide 12: Principle in CPC team work
PRINCIPLE IN CPC TEAM WORK CUSTOMER S SAA LL EE S S P PRRO OD DU UC C TT D D EE V V EE LL O OPPM M EE N N TT CPC-TIIMI LLO OGGIIS STTIIC CSS MMA ACCHHIIN NIINNGG TT EE C CHHNNOO LL O OGGY Y FF OOUUNND DRRY Y TT EE C CHHN NOO LL O OGG Y Y FOUNDRIES MACHINE SHOPS
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 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 8 14 1,4 6 12 1,2 4 10 1 2 8 0,8 0 0,6 -2 6 0,4 -4 4 0,2 -6 2 0 -8 0 I II III IV I II III IV 2000 2001 2000 2001 % %
Slide 17: Other operations, associated companies
Other operations, associated companies • Levelling off in demand in truck industry resulted in fall in delivery volumes by the group’s forges • Sales of metal components rose from the previous year • The share of the result of associated companies, MEUR -0.7, was due to write-downs made for the prev
Slide 18: Prospects for the near future
Prospects for the near future • Uncertainty about the future of the economy, economic indicators in the main market areas are falling, lower interest rates • Demand in the heavy truck industry is estimated to fall by 5 - 10% from the previous year • Volumes in general engineering are likely to conti