Vossloh Aktiengesellschaft · XETR:VOS
Vossloh Aktiengesellschaft — FY2018 Earnings Presentation
17 slides from Vossloh Aktiengesellschaft's earnings presentation, Mar 28, 2019
Slide 1: Grasping the future. Shaping the future.
Presentation of the Grasping the future. 2018 Annual Report Shaping the future. Frankfurt, March 28, 2019 Andreas Busemann, CEO Oliver Schuster, CFO Volker Schenk, CTO
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 Group, 2018 fiscal year
Vossloh Group, 2018 fiscal year Sales and profitability below previous year, dividend proposal unchanged Operational ▪ Sales and profitability below previous year’s good figures, due to project-related weakness performance of core in China in the Core Components division business ▪ Year-on-year incr
Slide 4: Course set for the future
Vossloh Group, 2018 fiscal year Course set for the future Order situation ▪ Canadian National (“CN”), new strategic customer in the ties and switches business, new tie continues to improve production plant in Western Canada to start operations shortly ▪ Three major orders from China for fastening sy
Slide 5: Sales and EBIT project-related down year-on-year, net income improved
Vossloh Group, 2018 fiscal year Sales and EBIT project-related down year-on-year, net income improved Key Group indicators 2017 2018 Notes Sales revenues € mill. 918.3 865.0 ▪ Sales revenues down year on year due to temporary weakness in China, plus negative EBIT € mill. 70.3 54.2 effects of foreign
Slide 6: Equity ratio remains stable, net financial debt increased
Vossloh Group, 2018 fiscal year Equity ratio remains stable at above 40 percent, net financial debt increased 2017 2018 Key Group indicators 12/31/2017 12/31/2018 Notes Equity € mill. 532.4 523.3 ▪ Equity slightly down despite positive net income, primarily due to dividend distribution for 2017 and
Slide 7: Very good order situation creates basis for growth
Vossloh Group, 2018 fiscal year Very good order situation creates basis for growth Orders received (in € mill.) Order backlog (in € mill.) Notes 979.2 595.0 ▪ Orders received up especially due to good order 90.8 12.9 situation in both business units of the Core 867.2 Components division; includes ma
Slide 8: Core Components division, 2018 fiscal year
Core Components division, 2018 fiscal year Profitability down on previous year but still in double-digit range Sales (in € mill.) EBIT (in € mill.) EBIT margin (in percent) 351.4 51.2 14.6 292.6 34.5 11.8 2017 2018 2017 2018 2017 2018 ▪ Decline in sales mainly due to temporary project-related weakne
Slide 9: Fastening Systems business unit, 2018 fiscal year
Fastening Systems business unit, 2018 fiscal year Orders received up 48.8 percent on the previous year Sales (in € mill.) Value added (in € mill.) 273.4 37.7 216.9 21.4 2017 2018 2017 2018 ▪ Lower sales in China only partly offset by higher sales in Russia following start of ROCE (%) Orders 2017: 30
Slide 10: Tie Technologies business unit, 2018 fiscal year
Tie Technologies business unit, 2018 fiscal year Framework agreement with Canadian National (CN) with first contributions Sales (in € mill.) Value added (in € mill.) 79.2 78.1 (3.3) (3.8) 2017 2018 2017 2018 ▪ Lower sales in transit business and exchange rate effects depressed sales in 2018, ROCE (%
Slide 11: Customized Modules division, 2018 fiscal year
Customized Modules division, 2018 fiscal year Earnings down year on year after positive non-recurring effect in 2017 Sales (in € mill.) EBIT (in € mill.) EBIT margin (in percent) 483.3 482.6 30.5 26.1 6.3 5.4 2017 2018 2017 2018 2017 2018 ▪ Sales on same level as previous year despite two companies
Slide 12: Lifecycle Solutions division, 2018 fiscal year
Lifecycle Solutions division, 2018 fiscal year Sales reach €100 million mark for first time, earnings with one-off effect Sales (in € mill.) EBIT (in € mill.) EBIT margin (in percent) 91.0 100.0 12.9 12.9 6.6 7.3 2017 2018 2017 2018 2017 2018 ▪ Good utilization of welding plants, switch grinding in
Slide 13: Increased sales in Europe partially offset decline in China
Vossloh Group, 2018 fiscal year Increased sales in Europe partially offset decline in China Americas Europe (in € mill.) Africa and Australia Asia incl. Middle East (in € mill.) 531 (in € mill.) (in € mill.) 475 87 56 63 77 114 112 159 159 216 33 44 34 132 242 255 26 126 115 68 182 43 106 22 46 24 1
Slide 14: Acquisitions and partnerships
Vossloh Group, 2018 fiscal year Grasping the future. Shaping the future. Acquisitions and partnerships ▪ Further integration of Austrak and the milling “The Smart Rail Track by Vossloh” business of STRABAG Rail GmbH ▪ Establishment and development of strategic ▪ Increased digital competence, partner
Slide 15: Group outlook
Vossloh Group outlook Sales increases expected, earnings for 2019 on par with 2018 General framework ▪ Good order situation forms basis for future growth ▪ Higher visibility of deliveries to China following three major project wins in 2018, majority of deliveries to be made in 2020 based on current
Slide 16: Financial calendar and contact information
Financial calendar and contact information How to reach us Financial calendar 2019 ▪ April 25, 2019 Quarterly statement as of March 31, 2019 ▪ May 22, 2019 Annual General Meeting, Düsseldorf ▪ July 25, 2019 Interim report as of June 30, 2019 ▪ October 24, 2019 Quarterly statement as of September 30,
Slide 17: Thank you for your time. Q&A
Thank you for Grasping the future. your time. Shaping the future. Q&A
Vossloh Aktiengesellschaft — FY2018 Earnings Presentation on 6ix