Nkt A/s · OMXCOP:NKT
Nkt A/s — Shareholder Meeting (March 2012)
59 slides from Nkt A/s's shareholder meeting presentation, March 2012
Slide 1: NKT Group
NKT Holding Annual General Meeting 2012 Page 1 NKT Group NKT Cables Photonics Group Nilfisk-Advance NKT Flexibles
Slide 2: NKT Flexibles
NKT Holding Annual General Meeting 2012 Page 2 NKT Flexibles
Slide 3: NKT Flexibles
NKT Holding Annual General Meeting 2012 Page 3 NKT Flexibles
Slide 4: NKT Flexibles
NKT Holding Annual General Meeting 2012 Page 4 NKT Flexibles
Slide 5: NKT Flexibles - Superporto do Açu
NKT Holding Annual General Meeting 2012 Page 5 NKT Flexibles Superporto do Açu
Slide 6: NKT Flexibles
NKT Holding Annual General Meeting 2012 Page 6 NKT Flexibles
Slide 7: NKT Group - Revenue development
NKT Holding Annual General Meeting 2012 Page 7 NKT Group - Revenue development mDKK 15.6 16.000 bnDKK 14.000 12.000 10.000 8.000 6.000 4.000 2.000 0 1987 xx xx xx xx xx 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Slide 8: NKT Group - EBITDA
NKT Holding Annual General Meeting 2012 Page 8 NKT Group - EBITDA Amounts in mDKK 2011 2010 Change Operational EBITDA 1,036 985 51 Structural initiatives -33 -86 53 EBITDA 1,003 899 104
Slide 9: Nilfisk-Advance
NKT Holding Annual General Meeting 2012 Page 9 Nilfisk-Advance
Slide 10: Nilfisk-Advance
NKT Holding Annual General Meeting 2012 Page 10 Nilfisk-Advance Nominal Organic Amounts in mDKK 2011 2010 growth growth Revenue 6,307 5,747 10% 8% Operational EBITDA 732 612 Operational EBITDA margin 11.6% 10.7%
Slide 11: NKT Flexibles
NKT Holding Annual General Meeting 2012 Page 11 NKT Flexibles
Slide 12: NKT Flexibles
NKT Holding Annual General Meeting 2012 Page 12 NKT Flexibles Nominal Amounts in mDKK 2011 2010 Growth %growth Revenue (100% share) 1,609 1,199 410 34% EBITDA (100% share) 375 224 151 NKT profit share (51%) 158 90 68 EBITDA margin 23.3% 18.7%
Slide 13: Photonics Group
NKT Holding Annual General Meeting 2012 Page 13 Photonics Group Nominal Organic Amounts in mDKK 2011 2010 growth growth Revenue 210 185 14% 16% EBITDA 1 -11
Slide 14: Photonics Group
NKT Holding Annual General Meeting 2012 Page 14 Photonics Group
Slide 15: Photonics Group
NKT Holding Annual General Meeting 2012 Page 15 Photonics Group NKT Photonics LIOS Technology Vytran
Slide 16: NKT Cables
NKT Holding Annual General Meeting 2012 Page 16 NKT Cables
Slide 17: NKT Cables
NKT Holding Annual General Meeting 2012 Page 17 NKT Cables
Slide 18: NKT Cables
NKT Holding Annual General Meeting 2012 Page 18 NKT Cables
Slide 19: NKT Cables
NKT Holding Annual General Meeting 2012 Page 19 NKT Cables
Slide 20: NKT Cables
NKT Holding Annual General Meeting 2012 Page 20 NKT Cables
Slide 21: NKT Cables
NKT Holding Annual General Meeting 2012 Page 21 NKT Cables
Slide 22: NKT Cables
NKT Holding Annual General Meeting 2012 Page 22 NKT Cables Nominal Organic Amounts in mDKK 2011 2010 growth growth Revenue 9,088 8,520 7% 1% EBITDA 182 329 EBITDA margin 3.2% 5.9%
Slide 23: NKT Cables
NKT Holding Annual General Meeting 2012 Page 23 NKT Cables
Slide 24: Medarbejdere
NKT Holding Annual General Meeting 2012 Page 24 Medarbejdere
Slide 25: Employees based outside Denmark
NKT Holding Annual General Meeting 2012 Page 25 Employees based outside Denmark 83%
Slide 26: Medarbejdere
NKT Holding Annual General Meeting 2012 Page 26 Medarbejdere
Slide 27: NKT strategy 'Powered by NKT'
NKT Holding Annual General Meeting 2012 Page 27 NKT strategy ’Powered by NKT’
Slide 28: Ordinary dividend
NKT Holding Annual General Meeting 2012 Page 28 Ordinary dividend Payment year 2012 2011 Ordinary dividend DKK per share 2.00 2.00 Total payment, mDKK 47.5 47.5 Dividend is paid 4 bank days after the Annual General Meeting
Slide 29: Development in share price and market value
NKT Holding Annual General Meeting 2012 Page 29 Development in share price and market value MARKET VALUE MARKET VALUE DKK 350 7.1 bnDKK 6.2 bnDKK MARKET VALUE 300 4.5 bnDKK 250 200 150 2011 2012 28 March
Slide 30: 25-year share price development
NKT Holding Annual General Meeting 2012 Page 30 25-year share price development DKK 450 NKT share price 400 Share index: Financial crisis NKT Flexibles MSCI World sold S&P500 Giga 350 sold Debt crisis 9/11 300 IT bubble bursts 250 Lexel sold 200 LK Acq. 150 NKT Elektronik sold 100 Nilfisk Acq. 50 0
Slide 31: Shareholders, December 2011
NKT Holding Annual General Meeting 2012 Page 31 Shareholders, 31 December 2011 19% Institutional investors > 1 mDKK Registered shareholders < 1 mDKK 7% ATP 6% Un-registered shareholders 2% Institutional investors > 1 mDKK 14% NKT Group Management 2% Registered shareholders < 1 mDKK 32% Un-registered
Slide 32: Board of Directors' remuneration
NKT Holding Annual General Meeting 2012 Page 32 Board of Directors’ remuneration Amounts in ’000 DKK 2012 2011 Chairman 900 900 Deputy chairman 450 450 Other Board members, each 300 300 Audit Committee Chairman 200 200 Member 100 100 Nomination Committee Chairman and member 0 0 Remuneration Committe
Slide 33: Corporate Governance
NKT Holding Annual General Meeting 2012 Page 33 Corporate Governance
Slide 34: NKT Annual Report 2011
NKT Holding Annual General Meeting 2012 Page 34 NKT Annual Report 2011
Slide 35: NKT Annual Report 2011
NKT Holding Annual General Meeting 2012 Page 35 NKT Annual Report 2011
Slide 36: NKT Group
NKT Holding Annual General Meeting 2012 Page 36 NKT Group Amounts in mDKK 2011 2010 Change Revenue 15,604 14,451 1,153 EBITDA 1,003 899 104
Slide 37: Operational EBITDA margin
NKT Holding Annual General Meeting 2012 Page 37 Operational EBITDA margin Change 2011 2010 % points Total Group 8.5% 8.6% -0.1 Nilfisk-Advance 11.6% 10.7% 0.9 NKT Cables* 3.2% 5.9% -2.7 NKT Flexibles** 23.3% 18.7% 4.6 * Stated in standard metal prices * * Influenced by Price Escalating Factor
Slide 38: NKT Group
NKT Holding Annual General Meeting 2012 Page 38 NKT Group Amounts in mDKK 2011 2010 Change Revenue 15,604 14,451 1,153 EBITDA 1,003 899 104 Depreciation/Amortisation 490 409 -81 Impairment 68 10 -58 EBIT 445 480 -35
Slide 39: NKT Group
NKT Holding Annual General Meeting 2012 Page 39 NKT Group Amounts in mDKK 2011 2010 Change Revenue 15,604 14,451 1,153 EBITDA 1,003 899 104 Depreciations/amortisation 490 409 -81 Impairment 68 10 -58 EBIT 445 480 -35 Financial items 280 135 -145 Income before tax 165 345 -180 Tax 38 75 37 Net profit
Slide 40: Balance sheet, 31 December
NKT Holding Annual General Meeting 2012 Page 40 Balance sheet, 31 December Amounts in mDKK 2011 2010 Change Total assets 13,439 12,556 883
Slide 41: Equity development
NKT Holding Annual General Meeting 2012 Page 41 Equity development Amounts in mDKK Equity Equity 33% 30% -125 127 48 4.112 4.066 31.12.2010 FX. adjustments etc. Dividend Profit for the year 31.12.2011
Slide 42: Investment
NKT Holding Annual General Meeting 2012 Page 42 Investment Amounts in mDKK 2011 2010 Change NKT Group total 617 913 -296 Property, plant and equipment 449 744 -295 Intangibles assets 168 169 -1
Slide 43: Net interest bearing debt
NKT Holding Annual General Meeting 2012 Page 43 Net interest bearing debt mDKK 5.000 4.500 4.000 3.500 3.000 2.500 2.000 1.500 1.000 500 0 2008 Q1-08 Q2-08 2009 Q3-08 Q4-08 Q1-09 Q2-09 2010 Q3-09 Q4-09 Q1-10 Q2-10 2011 Q3-10 Q4-10 Q1-11 Q2-11 Q3-12 Q4-12
Slide 44: Net interest bearing debt
NKT Holding Annual General Meeting 2012 Page 44 Net interest bearing debt mDKK 5.000 4.500 4.000 3.500 3.000 4.3x 2.500 2.000 1.500 1.000 500 0 2008 Q1-08 Q2-08 2009 Q3-08 Q4-08 Q1-09 Q2-09 2010 Q3-09 Q4-09 Q1-10 Q2-10 2011 Q3-10 Q4-10 Q1-11 Q2-11 Q3-12 Q4-12
Slide 45: Cash flow statement
NKT Holding Annual General Meeting 2012 Page 45 Cash flow statement Amounts in mDKK 2011 2010 Change Cash flows from operations 558 -374 932 Cash flows from investments 798 849 51
Slide 46: NKT Group
NKT Holding Annual General Meeting 2012 Page 46 NKT Group NKT Cables Photonics Group Nilfisk-Advance NKT Flexibles
Slide 47: Expectations 2012
NKT Holding Annual General Meeting 2012 Page 47 Expectations 2012 Organic revenue growth NKT Group Approx. 5-10% Based on: NKT Cables Approx. 5-10% Nilfisk-Advance Approx. 5% Photonics Group Approx. 20%
Slide 48: Expectations 2012
NKT Holding Annual General Meeting 2012 Page 48 Expectations 2012 Operational EBITDA between 1,050-1,250 mDKK* * Excl. profit share from NKT Flexibles
Slide 49: Expectations 2012
NKT Holding Annual General Meeting 2012 Page 49 Expectations 2012 Profit from discontinued operations is expected to amount to approx. 1,3 bnDKK (NKT’s share of the gain from sale of NKT Flexibles)
Slide 50: NKT Group
NKT Holding Annual General Meeting 2012 Page 50 NKT Group NKT Cables Photonics Group Nilfisk-Advance
Slide 51: NKT Annual General Meeting March 2012
NKT Annual General Meeting 29 March 2012
Slide 52: Election of members to the Board of Directors
NKT Holding Annual General Meeting 2012 Page 52 Election of members to the Board of Directors Jens Due Olsen Jens Maaløe Lone Fønss Jan Trøjborg Christian Kjær Kurt Bligaard Schrøder Chairman Deputy chairman Pedersen Born 1943. R1,Chamberlain, Master of Born 1963. MA (Econ.) 1990. Born 1955. Preside
Slide 53: NKT Annual General Meeting March 2012
NKT Annual General Meeting 29 March 2012
Slide 54: Voting paper No. 6
NKT Holding Annual General Meeting 2012 Page 54 Voting paper No. 6
Slide 55: Voting paper No. 1
NKT Holding Annual General Meeting 2012 Page 55 Voting paper No. 1
Slide 56: Voting paper No. 2
NKT Holding Annual General Meeting 2012 Page 56 Voting paper No. 2
Slide 57: Voting paper No. 3
NKT Holding Annual General Meeting 2012 Page 57 Voting paper No. 3
Slide 58: Voting paper No. 4
NKT Holding Annual General Meeting 2012 Page 58 Voting paper No. 4
Slide 59: Voting paper No. 5
NKT Holding Annual General Meeting 2012 Page 59 Voting paper No. 5