NORMA Group SE. Preliminary Full Year Results Maintal, February 13, 2019

Transcription

1 NORMA Group SE Preliminary Full Year Results 2018 Maintal, February 13,

2 Highlights Preliminary, Unaudited Results 2018 Sales Growth of ca. 6.6% leads to sales of ca. EUR 1,084.1 million (2017: EUR 1,017.1 million) Adjusted EBITA Adjusted EBITA of ca. EUR million (2017: EUR million), decrease of ca. 0.8% Margin Adjusted EBITA margin at ca. 16.0% (2017: 17.2%) Equity Net Debt Equity increased by ca. EUR 68 million while equity ratio remains nearly stable at ca. 40.9% (2017: 40.7%) due to higher balance sheet total including acquisitions Net debt increased to ca. EUR 400 million (2017: EUR 343 million) including acquisition and dividend payments Cash Flow Net operating cash flow of ca. EUR million (2017: EUR million) 2

3 Highlights Preliminary, Unaudited Results 2018 Full Year 2018 Q4 / 2018 Sales* ca. EUR 1,084.1 million / +6.6% (2017: EUR 1,017.1 million) ca. EUR million / +5.3% (2017: EUR million) Growth* Organic ca. 7.7% M&A ca. 1.6% FX ca. -2.8% Organic ca. 1.7% M&A ca. 2.4% FX ca. 1.2% Adjusted EBITA* ca. EUR million / -0.8% (2017: EUR million) ca. EUR 42.7 million / +6.3% (2017: EUR 40.1 million) Adjusted EBITA Margin* ca. 16.0% (2017: 17.2%) ca. 16.0% (2017: 15.8%) * unaudited results

4 Profitability Development EUR million % 20.1% 20.0% % 20.1% 20.4% 20.4% 20.0% 20.8% 20.4% 20.1% 20.0% 20.0% 17.4% 17.7% 17.4% 17.7% 17.5% 17.7% 18.1% 18.9% 18.0% 17.7% 18.5% 18.9% 18.5% 19.1% 18.7% 18.9*% 20% 17.9% 17.7% 17.7% 17.5% 17.6% 16.4% 16.8% 16.2% 15.8% 16.0% 16.0*% 15.2% 15% FY 2015: 17.6% FY 2016: 17.6% FY 2017: 17.2% FY 2018: 16.0*% 10% 5% * 0 FY10 FY11 FY12 FY13 FY14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 adjusted EBITA adjusted EBITA margin adjusted EBITDA margin 0% * unaudited results

5 Net Debt, Financing and Equity Ratios Equity Ratio nearly stable at 40.9% (2017: 40.7%) Leverage increases to 1.9 (2017: 1.7) Net debt increases by 16.3% to ca. EUR 400 million including dividend payments and the acquisition payments for Kimplas and Statek in EUR million Net Debt* (in EUR million) 343 ca ca ca Dec 31, 2017 Dec 31, 2018 Cash Debt Equity Ratio (equity / balance sheet total) Leverage* (Net debt / adjusted LTM EBITDA) Equity Ratio* Debt Ratios* Dec 31, 2017 Dec 31, % 40.9% Dec 31, 2017 Dec 31, x 1.9 x Gearing (Net debt / equity) 0.6 x 0.7 x * unaudited results 2018 ** adj. EBITDA includes full year from Kimplas and Statek 5

6 Rightsizing program launched Rightsizing Optimization of the production landscape, which has grown rapidly as a result of acquisitions, organizational structures and further harmonization of processes and systems worldwide. Scope The optimization measures are to extend across all divisions and regions. Goal Benefit Costs Further development of the business model to meet the requirements of future strategic growth areas such as electromobility and water management. Program is expected to result in a positive earnings contribution (adjusted EBITA) of around EUR 10 million to EUR 15 million annually from 2021 on. Total cost volume of around EUR 10 million to EUR 15 million; thereof EUR 2 million in 2018 and EUR 8-13 million in

7 Contact & Event Calendar Event Date Publication of Full Year Results 2018 March 20, 2019 Publication of Interim Results Q May 8, 2019 Annual General Meeting in Frankfurt / Main May 21, 2019 Publication of Interim Report Q August 6, 2019 Publication of Interim Results Q November 6, 2019 Contact Andreas Troesch Vice President Investor Relations Phone: Fax: Andreas.Troesch@normagroup.com Internet: 7

8 Disclaimer This presentation contains certain future-oriented statements. Future-oriented statements include all statements which do not relate to historical facts and events and contain future-oriented expressions such as believe, estimate, assume, expect, forecast, intend, could or should or expressions of a similar kind. Such future-oriented statements are subject to risks and uncertainties since they relate to future events and are based on the company s current assumptions, which may not in the future take place or be fulfilled as expected. The company points out that such future-oriented statements provide no guarantee for the future and that actual events including the financial position and profitability of NORMA Group SE and developments in the economic and regulatory fundamentals may vary substantially (particularly on the down side) from those explicitly or implicitly assumed or described in these statements. Even if the actual results for NORMA Group SE, including its financial position and profitability and the economic and regulatory fundamentals, are in accordance with such future-oriented statements in this presentation, no guarantee can be given that this will continue to be the case in the future. Non audited data is based on management information systems and/or publicly available information. Both sources of data are for illustrative purposes only. 8