COMMITTED TO SUSTAINABLE PRODUCTIVITY

Transcription

1 COMMITTED TO SUSTAINABLE PRODUCTIVITY 2016 results

2 2 IN BRIEF Stable order intake weak mining Growth in service in all business areas, except in Mining and Rock Excavation Strong quarter for vacuum Operating profit affected by lower revenue volume and currency Negative currency effect of MSEK 415 compared to Five acquisitions year to date

3 3 FIGURES IN SUMMARY Orders received were MSEK , unchanged organically Revenues were MSEK , organic decline of 3% Adjusted operating profit of MSEK (4 767), margin at 18.0% (19.3) Items affecting comparability of MSEK +13 (-248) Reported operating profit of MSEK (4 519), margin at 18.0% (18.3) Profit for the period of MSEK (3 236) Basic earnings per share SEK 2.39 (2.66) Operating cash flow at MSEK (3 498)

4 4 ORDERS RECEIVED - LOCAL CURRENCY March 2016 A B A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % 3-5

5 11 11 Q2 11 Q3 11 Q Q2 12 Q3 12 Q Q2 13 Q3 13 Q Q2 14 Q3 14 Q Q2 15 Q3 15 Q ORDER GROWTH PER QUARTER Organic growth Organic growth, % (volume and price)

6 11 11 Q2 11 Q3 11 Q Q2 12 Q3 12 Q Q2 13 Q3 13 Q Q2 14 Q3 14 Q Q2 15 Q3 15 Q ORDER GROWTH PER QUARTER Growth excl. currency Growth, excl. currency, % (volume, price and structure)

7 SALES BRIDGE 7 January - March Orders MSEK received Revenues Structural change, % Currency, % -4-4 Price, % Volume, % +0-3 Total, %

8 ATLAS COPCO GROUP 8 Revenues by business area Construction Technique 15% Mining and Rock Excavation Technique 25% 45% Compressor Technique 15% Industrial Technique 12 months through March 2016

9 9 COMPRESSOR TECHNIQUE Organic order growth of 7% Record order intake for vacuum solutions Stable orders for industrial compressors lower orders for gas and process compressors % 25% Solid growth for compressor service % Acquisitions of FIAC and several distributors Leybold acquisition expected to be finalized in the third quarter % 10% Operating margin at 21.5% (21.6) % Vacuum pump, which offers energy savings of up to 50% 0 Q2 Q3 Q4 Q2 Q3 Q % Orders received, MSEK Revenues, MSEK Operating margin, % Adjusted operating margin, %

10 10 INDUSTRIAL TECHNIQUE Healthy demand level, but fewer large projects in the motor vehicle industry % Stable order intake from general industry % Robust growth in the service business Operating margin at 21.6% (22.7), negatively affected by currency % % % Very compact and light weight angle impact wrench 0 Q2 Q3 Q4 Orders received, MSEK Operating margin, % Q2 Q3 Q4 Revenues, MSEK %

11 11 MINING AND ROCK EXCAVATION TECHNIQUE Continued weak demand Equipment orders somewhat lower Service and consumables orders lower Several closed mines Operating margin at 15.1% (18.9), negatively impacted by volume and currency Further efficiency measures required % 21% 18% 15% 12% 9% Concrete sprayer for underground construction and mining projects with increased precision and efficiency % 3% 0 Q2 Q3 Q4 Q2 Q3 Q % Orders received, MSEK Revenues, MSEK Operating margin, % Adjusted operating margin, %

12 CONSTRUCTION TECHNIQUE 12 Lower order intake for equipment Strong growth in India, but significant decline in Brazil Specialty rental business grew Service business increased Operating margin at 12.0% (12.2), negatively affected by volume and currency % 18% 16% 14% 12% 10% 8% New range of portable compressors use an average of 12% less fuel than comparable models % 4% 2% 0 Q2 Q3 Q4 Orders received, MSEK Q2 Q3 Q4 Revenues, MSEK 2016 Operating margin, % Adjusted operating margin, % 0%

13 GROUP TOTAL January March 2016 vs % January - March MSEK 2016 % Orders received % Revenues % Operating profit % as a percentage of revenues Profit before tax % as a percentage of revenues Income tax expense % as a percentage of profit before tax Profit for the period % Basic earnings per share, SEK Return on capital employed, % Q2 Q3 Q4 Orders received, MSEK Q2 Q3 Q4 Revenues, MSEK 2016 Operating margin, % Adjusted operating margin, % 25% 20% 15% 10% 5% 0%

14 14 PROFIT BRIDGE January March 2016 vs. Volume, price, One-time items Share based MSEK 2016 mix and other Currency Acquisitions LTI programs Atlas Copco Group Revenues Operating profit % 18.0% 25.7% 18.3% Revenues Operating profit One-time + acquisitions Currency Volume, price, mix and other LTI (options) One-time + acquisitions Currency Volume, price, mix and other 2016

15 PROFIT BRIDGE BY BUSINESS AREA January March 2016 vs. 15 Volume, price, One-time items MSEK 2016 mix and other Currency Acquisitions Compressor Technique Revenues Operating profit % 21.5% 32.6% 21.6% Industrial Technique Revenues Operating profit % 21.6% 55.9% 22.7% Mining and Rock Excavation Technique Revenues Operating profit % 15.1% 43.8% 18.9% Construction Technique Revenues Operating profit % 12.0% nm 12.2%

16 16 BALANCE SHEET MSEK Mar. 31, 2016 Mar. 31, Dec. 31, Intangible assets % % % Rental equipment % % % Other property, plant and equipment % % % Other non-current assets % % % Inventories % % % Receivables % % % Current financial assets % % % Cash and cash equivalents % % % Assets classified as held for sale 11 0% 35 0% 11 0% TOTAL ASSETS Total equity % % % Interest-bearing liabilities % % % Non-interest-bearing liabilities % % % TOTAL EQUITY AND LIABILITIES

17 CASH FLOW 17 January - March MSEK 2016 Operating cash surplus of which depreciation added back Net financial items Taxes paid Pension funding Change in working capital Increase in rental equipment, net Cash flows from operating activities Investments of property, plant & eq., net Other investments, net Cash flow from investments Adjustment, currency hedges of loans Operating cash flow Company acquisitions/ divestments

18 NEAR-TERM OUTLOOK 18 The overall demand for the Group is expected to remain at current level.

19 19 COMMITTED TO SUSTAINABLE PRODUCTIVITY.

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21 21 CAUTIONARY STATEMENT Some statements herein are forward-looking and the actual outcome could be materially different. In addition to the factors explicitly commented upon, the actual outcome could be materially and adversely affected by other factors such as the effect of economic conditions, exchange-rate and interest-rate movements, political risks, the impact of competing products and their pricing, product development, commercialization and technological difficulties, supply disturbances, and major customer credit losses.