NORMA Group SE. Preliminary Full Year Results 2017

Transcription

1 NORMA Group SE Preliminary Full Year Results 2017 Maintal, February 14, 2018

2 Sales Growth of ca. 13.7% leads to sales of ca. EUR 1,017.1 million (2016: EUR million) Adjusted EBITA Adjusted EBITA of ca. EUR million (2016: EUR million) representing an increase of ca. 10.8% Margin Adjusted EBITA margin at ca. 17.2% (2016: 17.6%) Equity Ratio Net Debt Equity ratio increased to ca. 40.6% (2016: 36.2%) due to strong results in 2017 including positive US tax effects Net debt excluding derivatives decreased to ca. EUR 343 million (2016: EUR 392 million) including the acquisition and dividend payments Cash Flow Net operating cash flow of ca. EUR million (2016: EUR million) US Tax Effect US tax reform leads to a positive one-off non cash tax effect of ca. EUR 33.9 million in 2017* * Effect reduces reported income taxes and will not be shown in the adjusted figures. Page 2

3 Full Year 2017 Q4 / 2017 Sales ca. EUR 1,017.1 million / +13.7% (2016: EUR million) ca. EUR million / +17.7% (2016: EUR million) Growth Organic ca. 8.6% M&A ca. 6.4% FX ca. -1.4% Organic ca. 16.8% M&A ca. 5.9% FX ca. -5.0% Adjusted EBITA ca. EUR million / +10.8% (2016: EUR million) ca. EUR 40.1 million / +15.0% (2016: EUR 34.9 million) Adjusted EBITA Margin ca. 17.2% (2016: 17.6%) ca. 15.8% (2016: 16.2%) Page 3

4 FY 2015: 17.6% FY 2016: 17.6% FY 2017: ca. 17.2* EUR million % 20.1% 20.0% 20.3% 19.9% 20.1% 20.4% 20.4% 17.4% 17.7% 17.4% 17.7% 17.5% 17.7% 18.1% 18.9% 18.0% 16.4% 20.0% 20.8% 20.4% 17.7% 18.5% 17.9% 18.9% 16.2% 20.1% 20.0% 20.0% 17.7% 17.7% 17.5% ca. 18.5* ca. 15.8* 20% 15% 80 10% % ca. 40.1* 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 adjusted EBITA adjusted EBITA margin adjusted EBITDA margin 0% * unaudited results 2017 Page 4

5 Equity ratio increased by ca. 440 basis points compared to Dec 31, 2016 due to strong results in 2017 including positive US tax effects Improved leverage at ca. 1.7x (Net debt / adjusted LTM EBITDA) incl. payment for and EBITDA of Lifial & Fengfan Net debt 2 decreased by ca. 12.4% or ca. EUR 49 million including dividend payment of EUR 30.3 million and the acquisition payment for Autoline, Lifial and Fengfan Net Debt 2 (in EUR million) Equity Ratio Dec 31, 2016 Dec 31, xxx xxx 358 ca. 343 Equity Ratio (equity / balance sheet total) 36.2% ca. 40.6% ca. 498 Debt Ratios ca Dec 31, 2016 Dec 31, 2017 cash debt Leverage (net debt 2 / adjusted LTM EBITDA 3 ) Dec 31, 2016 Dec 31, x ca. 1.7x Gearing (net debt 2 / equity) 0.8x ca. 0.6x 1 unaudited results excl. derivative financial liabilities of ca. EUR 1.4 million (Dec 31, 2016: EUR 2.2 million); Leverage incl. derivatives: ca. 1.7x (Dec 31, 2016: 2.1x); Gearing incl. derivatives: ca. 0.6x (Dec 31, 2016: 0.8x) EBITDA includes full year EBITDA from Lifial & Fengfan Page 5

6 Event Date Publication Full Year Results 2017 March 21, 2018 Publication Interim Results Q May 9, 2018 Annual General Meeting in Frankfurt / Main May 17, 2018 Publication Interim Results Q August 1, 2018 Publication Interim Results Q November 7, 2018 Contact Andreas Troesch Vice President Investor Relations Phone: Fax: Andreas.Troesch@normagroup.com Website: Page 6

7 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. Page 7