Rosenbauer Group. Results of the first quarter 2014 May 2014

Transcription

1 Rosenbauer Group Results of the first quarter 2014 May 2014

2 Company profile Leading manufacturer of fire fighting vehicles in the fire protection and civil defense sector Full-liner covering any needs of the fire services World s largest exporter of fire fighting vehicles Largest sales and service organization in the fire industry Production facilities on three continents (Europe, North America, Asia) Production according to DIN and NFPA (US) standards World s largest provider of specialty vehicles for airports and industry Industry s leader in technology and innovation Mission statement: The fire departments are our core customers! Page 2

3 Production facilities and sales companies Karlsruhe / Germany Luckenwalde / Germany Oberglatt / Switzerland Chambery / France Leonding / Austria Traun / Austria Neidling / Austria Radgona / Slovenia Moscow / Russia Holmfirth / UK Madrid / Spain Linares / Spain Singapore Rosenbauer America Brunei Lyons / SD Fremont / NB Wyoming / MN Dammam / Saudi Arabia Riyadh / Saudi Arabia Jeddah / Saudi Arabia Halfway House / South Africa Production Sale /Service Page 3

4 Full-liner Vehicles 70% revenues Aerials 10% revenues Components 3% revenues Equipment 11% revenues Service 5% revenues Business Development 1% revenues As at 2013 Page 4

5 Fire fighting vehicle market Worldwide volume 3,061 million (2011: 2,800 million) p.a. 16,000 vehicles (2011: 15,000) p. a. Most purchasers are public sector clients Rosenbauer worldwide No. 1 Worldwide market share 19.2% (2011: 18.6%) Ranking of fire fighting vehicle manufacturers (revenues in million) Rosenbauer Group / Austria Pierce Oshkosh / USA Morita Corp / Japan IVECO-Gruppe / Germany E-One / USA Ziegler Gruppe / Germany* KME / USA GIMAEX Group / France Bronto / Finland Ferrara Fire / USA * Since 11/2013: new owner CIMC / China Source: Latest annual financial statements / Rosenbauer estimates /UNO statistics 2012 (as at April 2014) Page 5

6 Group revenues and EBIT(in million) 800 Revenues EBIT Page 6

7 Investments and Depreciation (in million) Increasing capital investments in production capacity Investments Depreciation Page 7

8 Financal data 1-3/2014

9 Revenues and EBIT (in million) 200 Revenues EBIT 154,8 147, ,2 107,3 115, ,1 6,9 3,7 3,7 4, / / / / / EBIT margin 7,1% 6,5% 3,2 % 2.4% 3,2% Page 9

10 Revenues and EBIT quarterly (in million) ,8 220, ,7 178, ,1 159,5 18,2 154,8 147, ,6 13,1 14, , ,7 8,0 8,7 3,7 4, Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Revenues EBIT Page 10

11 Q1 Financial data in million 1-3/ /2013 in % Revenues (4%) EBIT % EBIT margin 3.2% 2.4% - EBT % Order backlog as at March (14%) Order intake (49%) Employees as at March 31 2,692 2, % Page 11

12 Key balance sheet data in million March 31, 2014 Dec 31, 2013 March 31, 2013 Total assets Equity in % of total assets 38.2% 35.7% 38.3% Capital employed (ø) ROCE 1.5% 1.2% 1.4% ROE 2.6% 2.0% 3.1% Net debt Gearing ratio 69.0% 79.2% 63.7% Page 12

13 Order intake / backlog (in million) Order intake Order backlog as at March / , ,5 1-3/ , ,0 1-3/ , ,2 1-3/ , ,5 1-3/ , ,0 Page 13

14 Number of employees (March 31) Additionally, Rosenbauer employs 274 Leasing employees , , , Austria USA Germany Rest of the world Page 14

15 Rosenbauer share / /2013 Investor FR 5% Highest share price in Lowest share price in 57, Closing price in Capitalization in mill Free float 44% BVG * 51% 70,0 65,0 60,0 55,0 * Rosenbauer Beteiligungsverwaltung GmbH 50,0 Jan Feb Mrz Rosenbauer EURO ATXPrime indexed/indiziert Page 15

16 Outlook

17 Outlook Steady development expected in fire equipment sector Europe at multi-year average level, but with intense price competition Continued recovery in US market Good outlook for international project business Boosting technological leadership Knowledge management works as a think-tank to monitor future trends Preparations for Interschutz 2015 fire equipment tradeshow are in top gear Full order books assure good capacity utilization Consolidation after record year Revenues at same high level as last year s Focus on improving earnings quality (EBIT margin 6 7 %) and working capital Page 17

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

19 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 19