Schaeffler Group at a glance

Transcription

1 Facts and figures 9M 2016

2 Schaeffler Group at a glance Key figures 1 st nine months Income statement (in millions) Revenue 9,977 9, % at constant currency 2.7 % EBIT 1,276 1, % in % of revenue %-pts. EBIT before special items 1) 1,276 1, % in % of revenue %-pts. Net income 2) % Earnings per common non-voting share (basic/diluted, in ) 3) % Statement of financial position (in millions) 09/30/ /31/2015 Total assets 12,862 12, % Shareholders equity 4) 1,554 1, millions in % of total assets %-pts. Net financial debt 2,876 4, % Net financial debt to EBITDA ratio before special items 1) 5) st nine months Statement of cash flows (in millions) EBITDA 1,817 1, % in % of revenue %-pts. EBITDA before special items 1) 1,817 1, % in % of revenue %-pts. Cash flows from operating activities 1, millions Capital expenditures (capex) 6) millions in % of revenue (capex ratio) %-pts. Free cash flow millions 1 st nine months Value added ROCE before special items (in %) 1) 5) %-pts. Schaeffler Value Added before special items (in millions) 1) 5) % Employees 09/30/ /30/2015 Headcount 86,029 84, % 1) EBIT, debt to EBITDA ratio, EBITDA. ROCE, and Schaeffler Value Added before special items for legal cases and restructuring. 2) Attributable to shareholders of the parent company. 3) Earnings per share were calculated in accordance with IAS 33, see page 13. 4) Including non-controlling interests. 5) EBIT/EBITDA based on the last twelve months. 6) Capital expenditures on intangible assets and property, plant and equipment. 1 st nine months Automotive (in millions) Revenue 7,703 7, % at constant currency 5.3 % EBIT 1,103 1, % in % of revenue %-pts. EBIT before special items 1) 1,103 1, % in % of revenue %-pts. 1 st nine months Industrie (in millions) Revenue 2,274 2, % at constant currency -5.3 % EBIT % in % of revenue %-pts. EBIT before special items 1) % in % of revenue %-pts. Prior year information presented based on 2016 segment structure. 1) EBIT before special items for legal cases and restructuring.

3 Highlights 9M 2016 Revenue at prior year level Revenue at EUR 10.0 bn (up 2.7 % at constant currency) Profitability improved EBIT margin at 12.8 % (prior year: 12.6 %) Net income up significantly from prior year Net income at EUR 672 m (prior year: EUR 521 m) Free cash flow raised considerably Free cash flow at EUR 479 m (prior year: EUR 192 m)

4 Contents Key figures 2 Highlights 9M Earnings Schaeffler Group earnings 5 Earnings Automotive division 6 Earnings Industrial division 7 Consolidated statement of financial position 8 Consolidated statement of cash flows 9 Summary 1 st quarter 2015 to 3 rd quarter Financial calendar 11

5 Earnings Facts and figures 9M 2016 Schaeffler Group earnings Earnings Schaeffler Group earnings Revenue EUR 9,977 m EBIT EUR 1,276 m Anteil Umsatzerloese Schaeffler 22.8 % 77.2 % Industrial Automotive Revenue increased slightly at constant currency up 2.7 % // Revenue growth driven by higher volumes in Automotive Industrial revenue declines // High earnings quality EBIT margin 12.8 % // Increasing R&D expenses stepped-up activities to create new technologies and innovations, including for electric mobility Schaeffler Group earnings in millions st nine months 3 rd quarter in % Revenue 9,977 9, ,265 3, at constant currency Revenue by division Automotive 7,703 7, ,524 2, Share of revenue in % Industrial 2,274 2, Share of revenue in % Revenue by region 1) Europe 5,402 5, ,723 1, Share of revenue in % Americas 2,117 2, Share of revenue in % Greater China 1,430 1, Share of revenue in % Asia/Pacific 1, Share of revenue in % Cost of sales -7,125-7, ,333-2, Gross profit 2,852 2, Functional expenses 2) -1,565-1, Earnings before financial result and income taxes (EBIT) 1,276 1, in % of revenue EBIT before special items 3) 1,276 1, in % of revenue Financial result Income taxes Net income 4) Earnings per common non-voting share (basic/diluted, in ) ) Based on market (customer location). 2) Research and development, selling and administration. 3) EBIT before special items for legal cases and restructuring. 4) Attributable to shareholders of the parent company. in % 5

6 Facts and figures 9M 2016 Earnings Automotive division Automotive division Revenue EUR 7,703 m EBIT EUR 1,103 m nteil Umsatzerloese Automotive 77.2 % of group revenue Revenue growth at constant currency of 5.3 % // Double-digit growth in Greater China revenue // Profitable growth continued // Stepped-up R&D activities, including for electric mobility Automotive division earnings in millions st nine months 3 rd quarter in % Revenue 7,703 7, ,524 2, at constant currency Revenue by business division BD Engine Systems 1,960 1, Share of revenue in % BD Transmission Systems 3,217 3, ,037 1, Share of revenue in % BD Chassis Systems 1,142 1, Share of revenue in % BD Automotive Aftermarket 1,384 1, Share of revenue in % Revenue by region 1) Europe 4,050 3, ,288 1, Share of revenue in % Americas 1,694 1, Share of revenue in % Greater China 1, Share of revenue in % Asia/Pacific Share of revenue in % Cost of sales -5,505-5, ,807-1, Gross profit 2,198 2, EBIT 1,103 1, in % of revenue EBIT before special items 2) 1,103 1, in % of revenue Prior year information presented based on 2016 segment structure. 1) Based on market (customer location). 2) EBIT before special items for legal cases and restructuring. in % 6

7 Facts and figures 9M 2016 Earnings Industrial division Industrial division Revenue EUR 2,274 m EBIT EUR 173 m nteil Umsatzerloese Industrie 22.8 % of group revenue Revenue decreased in all regions // Margin trend mainly driven by declining sales volumes Industrial division earnings in millions st nine months 3 rd quarter in % Revenue 2,274 2, at constant currency Revenue by region 1) Europe 1,352 1, in % Share of revenue in % Americas Share of revenue in % Greater China Share of revenue in % Asia/Pacific Share of revenue in % Cost of sales -1,620-1, Gross profit EBIT in % of revenue EBIT before special items 2) in % of revenue Prior year information presented based on 2016 segment structure. 1) Based on market (customer location). 2) EBIT before special items for legal cases and restructuring. 7

8 Facts and figures 9M 2016 Consolidated statement of financial position Consolidated statement of financial position No. 017 in millions 09/30/ /31/ /30/2015 in % ASSETS Intangible assets Property, plant and equipment 4,319 4,180 3, Other financial assets 169 2,123 2, Other assets Income tax receivables Deferred tax assets Total non-current assets 5,711 7,438 7, Inventories 1,958 1,812 1, Trade receivables 2,250 2,023 2, Other financial assets Other assets Income tax receivables Cash and cash equivalents 2, > 100 Total current assets 7,151 5,042 5, Total assets 12,862 12,480 12, SHAREHOLDERS EQUITY AND LIABILITIES Share capital Capital reserves 2,348 2,348 1, Other reserves , Accumulated other comprehensive income (loss) Equity attributable to shareholders of the parent company 1,461 1, Non-controlling interests Total shareholders equity 1,554 1, Provisions for pensions and similar obligations 2,471 1,942 1, Provisions Financial debt 3,636 5,685 6, Income tax payables Other financial liabilities Other liabilities Deferred tax liabilities Total non-current liabilities 6,569 8,144 9, Provisions Financial debt 1, > 100 Trade payables 1,406 1,405 1, Income tax payables Other financial liabilities Other liabilities Total current liabilities 4,739 2,768 2, Total shareholders equity and liabilities 12,862 12,480 12,

9 Facts and figures 9M 2016 Consolidated statement of cash flows Consolidated statement of cash flows No. 018 in millions st nine months 3 rd quarter in % Operating activities EBIT 1,276 1, Interest paid Interest received > > 100 Income taxes paid Depreciation, amortization and impairments (Gains) losses on disposal of assets s in: Inventories Trade receivables Trade payables > Provisions for pensions and similar obligations > Other assets, liabilities and provisions > Cash flows from operating activities 1) 1, Investing activities Proceeds from disposals of property, plant and equipment Capital expenditures on intangible assets Capital expenditures on property, plant and equipment Other investing activities Cash used in investing activities Financing activities Dividends paid to shareholders and non-controlling interests Receipts from loans 1, > 100 1, Repayments of loans 2) -1, > Other financing activities 1, > 100 1, > 100 Cash provided by financing activities 1, , > 100 Net increase (decrease) in cash and cash equivalents 1, > 100 1, > 100 Effects of foreign exchange rate changes on cash and cash equivalents Cash and cash equivalents as at beginning of period Cash and cash equivalents as at end of period 2, > 100 2, > 100 1) Excluding interest payments, cash flows from operating activities for the period from 01/01 to 09/30/2016 amount to EUR 1,486 m (prior year: EUR 1,342 m). 2) Including EUR 96 m in cash inflows from cross-currency swaps terminated early in connection with the voluntary prepayment of the loan tranches. in % 9

10 Facts and figures 9M 2016 Summary 1 st quarter 2015 to 2 nd quarter 2016 Summary 1 st quarter 2015 to 3 rd quarter Income statement (in millions) 1 st quarter 2 nd quarter 3 rd quarter 4 th quarter 1 st quarter 2 nd quarter 3 rd quarter Revenue 3,339 3,382 3,237 3,221 3,343 3,369 3,265 EBIT in % of revenue EBIT before special items 1) in % of revenue Net income 2) Earnings per common non-voting share (basic/diluted, in ) 3) Statement of financial position (in millions) Total assets 12,844 12,221 12,450 12,480 12,607 12,554 12,862 Shareholders equity 4) ,568 1,609 1,425 1,554 in % of total assets Net financial debt 6,190 6,245 5,950 4,889 4,909 4,874 2,876 Net financial debt to EBITDA ratio before special items 1) 5) Statement of cash flows (in millions) EBITDA in % of revenue EBITDA before special item 1) in % of revenue Cash flows from operating activities Capital expenditures (capex) 6) in % of revenue (capex ratio) Free cash flow Value added ROCE before special items (in %) 1) 5) Schaeffler Value Added before special items 1) 5) Employees Headcount (at end of reporting period) 83,331 83,774 84,414 84,198 85,016 85,225 86,029 Automotive (in millions) 7) Revenue 2,515 2,554 2,442 2,466 2,576 2,603 2,524 EBIT in % of revenue EBIT before special items 1) in % of revenue Industrial (in millions) 7) Revenue EBIT in % of revenue EBIT before special items 1) in % of revenue ) EBIT, debt to EBITDA ratio, EBITDA, ROCE, and Schaeffler Value Added before special items for legal cases and restructuring. 2) Attributable to shareholders of the parent company. 3) Earnings per share were calculated in accordance with IAS 33. 4) Including non-controlling interests. 5) EBIT/EBITDA based on the last twelve months. 6) Capital expenditures on intangible assets and property, plant and equipment. 7) Prior year information presented based on 2016 segment structure. 10

11 Financial calendar Publication of results for the first nine months 2016 November 09, 2016 Publication of annual results 2016 March 08, 2017 Publication of results for the first three months 2017 May 11, 2017 Schaeffler AG Industriestr Herzogenaurach Germany Investor Relations tel.: +49 (0) fax: +49 (0) Schaeffler online You can find up-to-date news about Schaeffler on our website at You can also download all documents from this site. 11