PASSION FOR POLYTEC PETER HAIDENEK, CFO RESULTS H FY

Transcription

1 PASSION FOR POLYTEC PETER HAIDENEK, CFO RESULTS H FY BAADER INVESTMENT CONFERENCE, Munich, 21 September 2017

2 POLYTEC AT A GLANCE AS OF 30 JUNE 2017 Leading developer and manufacturer of high-quality light weight plastic components Solution provider for the Automotive and Non-Automotive-Industry Headquarters in Hörsching (Austria) >30 years of experience EUR m sales H ,563 employees (incl. leasing personnel) EUR m balance sheet total as of 30 June locations 31.3 EUR m EBIT H

3 BUSINESS MODEL POLYTEC PLASTICS POLYTEC COMPOSITES POLYTEC CAR STYLING POLYTEC INDUSTRIAL TECHNOLOGIES: 2-component injection moulding Water injection technology In-mould decoration Injection moulding compounding TECHNOLOGIES: Glass fibres & carbon fibres SMC Hybrid & wet pressing In-mould coating VICS & PISA TECHNOLOGIES: PUR RRIM (Lightweight) PUR rigid & semi-rigid Blow moulding Class-A coating TECHNOLOGIES: PUR processing (moulded parts) PUR spraying PUR casting PUR foaming 7 1, , ,

4 HIGHLIGHTS H VS H Group sales rose by 6.7% to EUR million EBITDA increased by 36.6% to EUR 45.1 million, EBITDA margin 12.9% EBIT went up 54.4% to EUR 31.3 million, EBIT margin 9.0% Earnings per share rose from EUR 0.57 to EUR 1.01 ROCE hit 21.9% (H1 2016: 13.8%) Equity ratio went up 4.8% points to 39.3% OUTLOOK 2017 FY: Based on the assumption of a stable economic situation and positive business development among all its major customers, at a minimum the POLYTEC executive management foresees slight growth in both group sales and operating results in the 2017 financial year. Interim report Q3 2017: to be published Tuesday 7 November

5 STRATEGY 1. STRENGTHEN THE MARKET CREATE POSITION IN EUROPA 2. DEVELOP NEW APPLICATIONS AND TECHNOLOGIES 3. PRODUCTION SITES IN GROWTH REGIONS POLYTEC PERFORMANCE SYSTEM DIGITALISATION UK INVESTMENTS ELECTRO MOBILITY CHINA 5

6 POLYTEC PERFORMANCE SYSTEM The POLYTEC Performance System (PPS) is a holistic Lean Management programme within the entire POLYTEC. It substantially empowers our daily work in the long term and thrives on the valued participation of every single POLYTEC employee. CREATE VALUE IMPROVE CONSTANTLY WORK COORDINATED ENSURE STABILITY PARTICIPATE ORGANISE Our aim is to create value with every action by implementing simple and efficient work steps. 6

7 DIGITAL TRANSFORMATION EBENSEE PLANT (AT) HIGHLIGHTS Full automatic production with 14 injection moulding machines EUR 11.6 mill. investments in Ebensee plant in period August 2015 to July 2016, thereof EUR 9.4 mill. in infrastructure, machinery and automation for the IFCO project Full capacity from July 2016: up to 950,000 units per month 7

8 CAPEX: NEW PAINT SHOP CAPACITY IN TELFORD (UK) Illustration Location in Telford Middle England: next to plants of our car styling-customers Jaguar/Land-Rover, Bentley, Aston Martin, Honda, London-Taxi, etc. Investments: approx. EUR 23 million Start of production: Class A top coat painting of up to 3,000 components daily, beginning Q1/Q

9 TECHNOLOGY ELECTRO MOBILITY Electro mobility: New options Lightweight construction plays a key role in e-mobility, not merely with regard to lightness, but also the integration of functions and characteristics. Protecting the people: preventing electromagnetic fields of the high-voltage battery from penetrating the interior of the car Protecting the battery: against exterior damage, moisture and dirt Smart management of temperature and more Carbon fibres SMC Battery box upper shell (length of over 2 metres) Type: VW e-golf SOP: 03/2014 HIGHLIGHTS Lightweight construction with high dimensional stability Reducing electromagnetic fields, shielding temperature Excellent surface bonding characteristics, flame resistance 9

10 GLOBAL SALES TREND CARS & LIGHT VEHICLES e NORTH +0.6% AMERICA WESTERN +1.8% EUROPE EASTERN +5.6% EUROPE Cars / light vehicles in million units, CAGR in % +4.5% CHINA e 2022e e 2022e e 2022e e 2022e SOUTH +2.7% AMERICA WORLDWIDE +2.8% ASIA +2.4% (excl. China) e 2022e e 2022e Source: LMC Automotive e 2022e

11 SALES, EBIT MARGIN QUARTERLY in mill. 11.0% 8.7% 8.9% 9.1% 6.5% Q Q Q Q Q

12 EARNINGS QUARTERLY in mill. EPS in EARNINGS AFTER TAX EARNINGS PER SHARE Q Q Q Q Q Q Q Q Q Q

13 EQUITY AND EQUITY RATIO QUARTERLY in mill % 36.3% 37.9% 38.4% 39.3% Q Q Q Q Q

14 NET FINANCIAL DEBT, GEARING QUARTERLY Net financial debt in mill. NET FINANCIAL DEBT GEARING Q Q Q Q Q Q Q Q Q Q

15 RETURN ON CAPITAL EMPLOYED (ROCE) QUARTERLY in % Target: 15% minimum Q Q Q Q Q

16 YOUR QUESTIONS?

17 CONTACT POLYTEC Holding AG Investor Relations Paul Rettenbacher Phone: POLYTEC Vertraulich. Alle Rechte sind POLYTEC und/oder den ihr zugehörigen Unternehmen vorbehalten. Jede kommerzielle Verwendung, insbesondere die Weitergabe und/oder Vervielfältigung, ist ohne die vorherige schriftliche Zustimmung von POLYTEC und/oder den ihr zugehörigen Unternehmen nicht gestattet. Im Falle einer Weitergabe von Informationen, die Know-how beinhalten, für die Schutz durch Urheberrecht oder die Gesetze zum Schutz geistigen Eigentums gewährt werden kann, behalten sich POLYTEC und/oder die ihr zugehörigen Unternehmen hiervon alle Rechte vor. POLYTEC Confidential. All rights reserved by POLYTEC and/or its affiliated companies. Any commercial use hereof, especially any transfer and/or copying hereof, is prohibited without the prior written consent of POLYTEC and/or its affiliated companies. In case of transfer of information containing Know-how for which copyright or any other intellectual property right protection may be afforded POLYTEC and/or its affiliated companies reserve all rights to any such grant of copyright protection and/or grant of intellectual property right protection.