Rosenbauer Group. April, 2015

Transcription

1 Rosenbauer Group April, 2015

2 2014 Highlights Encouraging development in respect to the economic environment Record levels for revenues, earnings and incoming orders International orientation and the Group s technology leadership are the cornerstones of this success Strengthening the leading position in the global fire equipment sector Revenues rise by 6% to million US companies contribute significantly to success Increased deliveries of the companies in Spain and Singapore Revenues of Rosenbauer UK for the first time consolidated EBIT increases to 48.4 million thanks to greater international deliveries US segment contributes significantly due to the improvement of custom chassis Decline in earnings of the Austrian segment due to start-up costs in plant II in Leonding and higher locational costs Page 2

3 Industry development in 2014 Global market volumes increased Positive indications from developed markets again Strong need for safety in emerging nations following disasters North America Demand still stagnating with price pressure high Fire equipment sector set to recover again in 2015 Europe Germany: intensive price competition shaping market volumes slightly below levels of recent years Austria: Market volumes above levels of recent years Asia Brisk demand in India and China Middle East Investment activity remains at high level due to safety awareness and strong natural resources Page 3

4 Group revenues and EBIT (in million) Revenues 800 EBIT Adj. EBIT 737,9 784, , ,7 49,7 46,2 541,6 41,6 46,4 46,8 48,4 38,6 42, EBIT margin 8.3% 7.7% 6.0% 5.7% EBIT margin adj. 7.8% 7.7% 7.2% 6.3% 6,2% 6.2% Page 4

5 Breakdown of revenues 2014 Shipments to 133 countries (2013: 114 countries) Arab world 27% Others 7% Europe 37% Export from Austria 48% Revenues in Austria 8% Asia/Oceania 12% NAFTA 17% Foreign subsidiaries 44% Page 5

6 Breakdown of revenues 2014 Firefighting components 3% Equipment 10% Customer service 7% Business development 1% Vehicles (incl. Aerials) 79% ARFF vehicles 18% Industrial firefighting vehicles 6% Municipal firefighting vehicles 76% Page 6

7 Revenues / EBIT by quarters (in mill.) Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Revenues EBIT Page 7

8 Balance sheet data in million Total assets Equity in % of total assets 34.2% 45.2% 38.8% Capital employed (average) ROCE 14.2% 14.8% 14.5% ROE 24.5% 23.4% 24.9% Net debt Gearing ratio 77.7% 25.9% 55.7% Page 8

9 Solid financing (in million) Working capital increased mainly due to higher inventories and receivables % % % % % % 80% 60% 40% 20% Net debt Equity Gearing ratio 0% Page 9

10 Rosenbauer at the Interschutz 2015 Get in touch. From June 8 to 13, 2015 in Hanover Complete product range on 5,000m 2 company stand and the adjacent outdoor area 28 vehicles and a further 15 will be on display at other stands Day-to-day live reports and shows with PANTHER, AT and L32A-XS A power-packed presentation of innovative fire industry technology New portable pump with BRP-Rotax engine L32A-XS with optimized cage arm angle New firefighting helmet and the new fourth generation PANTHER,.. Page 10

11 PANTHER next generation Ongoing development of PANTHER 4x4 and 6x6 models Improved performance, greater user and operating comfort Prototype with camouflage film covering General shape and smaller details Debut at Interschutz 2015 in Hanover Page 11

12 Investments and Depreciation (in million) Investing activities in 2015 the adaption of Plant I Leonding and the new plant in KAEC 51.2 Purchase Plant II in > e Investments Depreciation Page 12

13 Headcount , , , , , , , , ,046 Austria USA Germany Rest of the world Headcount growth mainly in production-related areas at the plants in Austria, Saudi Arabia and the USA In addition about 275 temporary employees are working for the Group Page 13

14 Rosenbauer share Closing share price in Investor FR 5% Capitalization in mill Dividend per share in 1.2 1) 1.2 Free float 44% BVG * 51% Dividend yield in % Earnings per share in ) Proposal to the AGM 80,0 70,0 60,0 50,0 40,0 Jan Feb Mrz Apr Mai Jun Jul Aug Sep Okt Nov Dez * Rosenbauer Beteiligungsverwaltung GmbH Rosenbauer EURO ATXPrime indexed Page 14

15 Outlook

16 Order intake / backlog (in million) Order intake Order backlog as at / / / / / Page 16

17 Outlook Industry facing various challenges Growth predominantly to come from Asia and Middle East. Positive trend in demand expected in North America in 2015 Only minor recovery in Europe though with intensive price competition Investments to exceed depreciation again in 2015 Plant I in Leonding to be renovated to boost efficiency US locations expanding capacity and redesigning processes Construction of a production site in KAEC in Saudi Arabia in progress Page 17

18 Outlook Presence as technology leader at leading trade fair Interschutz Modest incoming orders in opening months of strategy focused even more on customers and markets Group organization set up according to areas Growth with a solid financial basis Full order books and available production capacity enable further growth Expenses for launch of new products and appearance at world s largest trade fair to influence results for 2015 Focus on improving earnings and reducing working capital Increase in revenues and EBIT of 10% targeted Page 18

19 Thank you! Rosenbauer International AG 4060 Leonding, Paschinger Str. 90, Austria Phone: , Fax:

20 Disclaimer This presentation has been prepared by Rosenbauer International AG for information purposes only. Maximum care has been taken to ensure that the information contained herein is not untrue, however, Rosenbauer International AG does not assume any responsibility for its complete accuracy or correctness. This presentation may not be reproduced, transmitted or distributed (in whole or in part) by any other person. Unless otherwise stated, all views (including statements and forecasts) are solely those of Rosenbauer International AG and are subject to change without notice. This presentation is aimed solely at investment professionals who are expected to make their own investment decisions without placing undue reliance on the information interpreted by Rosenbauer International AG, which under no circumstance accepts any responsibility for consequences arising from the use of this report. This document does not constitute an offer or invitation to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment whatsoever. Page 20