Presentation. for Q

Transcription

1 Presentation for Q

2 Agenda technotrans business model technotrans strategy technotrans finances and outlook technotrans share page 2

3 technotrans group of companies leading system supplier with the core competence of liquid technology customer-specific solutions for temperature control and filtration as well as pumping and spraying technology for/with fluids extensive range of individual services world-wide page 3

4 Business model 63% of turnover in employees Technology 37% of turnover in employees Services temperature control fluid conditioning ink & fluid technology spare parts services (maintenance, repairs, installations, technical documentation) page 4

5 BU temperature control page 5

6 BU fluid conditioning page 6

7 BU ink & fluid conditioning page 7

8 Spare parts page 8

9 Maintenance and repairs page 9

10 Installations page 10

11 Technical documentation (gds) page 11

12 Segment technology Products and markets Product portfolio Dampening solution systems Ink supply Industrial cooling solutions Preparation of cooling lubricants Spray lubrication systems X-ray and scanner temperature control Battery/converter cooling Market overview Printing industry Laser industry Stamping and forming technology Tooling industry Battery and converter Medical and scanner technology Positioning World market leader in printing and laser cooling Extension of market share in stamping and forming technology as well as tooling industry Additional growth potential in battery, converter, medical and scanner technology Exploiting synergies by using overall platform strategies and standardisation of components page 12

13 Segment services Products and markets Product portfolio Spare parts Hotline Modernisation Maintenance Installations Engineering Technical documentation Market overview Printing industry Laser industry Stamping and forming technology Tooling industry Battery and converter Medical and scanner technology Positioning Continuous expansion of the installed base world-wide World market leader for services in the printing industry Extension of service activities in the stamping and forming technology as well as the tooling industry Additional demand for services and installation within the battery, converter, medical and scanner technology Long-term stable business development through own technotrans components page 13

14 The network Europe 75,5% America 14,9% Asia 9,6% Production site(5) Sales/Services (18) page 14

15 Reference customers page 15

16 Agenda technotrans business model technotrans strategy technotrans finances and outlook technotrans share page 16

17 Strategy Long-term growth strategy high investments mainly new technology: - medical care - safety technology - storage technology - semiconductor product diversification optimising and summarising > platform strategy generating volume: - offset - digital - flexo product diversification optimising and summarising > platform strategy generating volume: - laser - turning/milling/grinding/polishing - cutters/presses Expansion / development of service business - print - laser (machinery & plant engineering) - new growth markets - technical documentation (gds AG) page 17

18 Strategy long-term growth strategy 35% 50% 110 Mio. ~ 150 Mio. 50% 65% Print ttis Print ttis Continuously better than the market page 18

19 Agenda technotrans business model technotrans strategy technotrans finances and outlook technotrans share page 19

20 Finances and outlook Group finances - turnover development since 2006 million CAGR +6,4% E technotrans grows continuously after the crisis with a broad ermix of banches page 20

21 Finances and outlook Group finances EBIT/EBIT-margin development since 2006 million 20,0 15,0 10,0 5,0 0,0-5,0-10,0-15,0 10,4% 9,1% 15,7 5,9% 4,9% 13,9 3,5% 0,0% 4,4% 5,5% -0,1 3,0 4,8 5,4 6,0 4, E -11,9-14,5% 13,0% 8,0% 3,0% -2,0% -7,0% -12,0% -17,0% stable operational results support the strategic repositioning page 21

22 Finances and outlook EPS Earnings per Share Equity/Equity ratio 2 million 1,5 1 0,5 0-0,5-1 1,48 1,33 0,47 0,48 0,47 0, ,45 70,0 60,0 50,0 40,0 30,0 20,0 60,0% 53,9 58,1% 56,9 47,7% 41,8 45,2% 31,3 50,0% 33,9 55,5% 37,3 63,2% 40,9 59,9% 43,7 70,0% 60,0% 50,0% 40,0% 30,0% 20,0% -1,5-2 -1,65 10,0 0, ,0% 0,0% Free Cash Flow million , , ,3 2 0,4 2,4 3, ,6-3,4-6 Net debt million , ,4 5 7,3 5,9 4, ,7-8,5-0,9-10 page 22

23 Finances and outlook Turnover and EBIT by quarters turnover development 2013/2014 quarters (in million ) +3,1% +3,9% 27,1 27,2 26,3 26,2 25,3 27, technotrans grows according to plan Q turnover +3,9%, EBIT +32,9% 1,1 Q1 Q2 Q3 Q4 EBIT-development 2013/2014 quarters (in million ) +29,8% 1,4 +32,9% 1,2 1,6 0,8 1, turnover share outside the printing industry > 35% Q EBIT-margin reaches 5,8% (previous year: 4,5%) Q1 Q2 Q3 Q4 page 23

24 3,5 2,7 1,9 1,1 0,3-0,5-1,3 7,0% 5,5% 4,0% 2,5% 1,0% -0,5% -2,0% -3,5% -5,0% Finances and outlook Turnover and EBIT by segments turnover development 2013/2014 by quarters (in million ) Services Technology 9,4 9,7 10,5 16,9 16,5 14,8 9,6 9,4 9,7 17,8 17,7 17,5 technology (64,8%) growth of turnover +5,3% through a successful expansion of activities in the new markets, business from print continues to decline Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 EBIT development 2013/2014 by quarters (in million ) 4,1% 4,5% 1,6 1,6 1,6 1,7-0,5-0,4 3,0% 5,8% 5,2% 1,5 Services Technology 5,8% * 1,7-0,9-0,1-0,1-0,1 segment result almost nearly balanced out -0,2 million (EBIT-margin -0,7%) services (35,2%) turnover of 19,1 million remains at previous year s level Segment result stable at 3,2 million (EBIT-margin = 16,8%) Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 page 24 * EBIT-margin in total

25 Finances and outlook Key figues at a glance Earning figures (in T ) page 25 Q1-Q Q1-Q Δ in % Turnover 52,450 54,286 +3,5 EBITDA 3,943 4, ,5 EBIT 2,258 2, ,4 EBIT-margin in % 4,3% 5,5% Net profit for the period* 1,413 1, ,5 Net profit per share 0,22 0,28 +29,9 * Profit attributable to technotrans AG shareholders Cashflow key figures (in T ) Q1-Q Q1-Q Operational cashflow 0,089 3,126 CF from investing activities CF from financing activities -5,110-1,943 2,666-2,013 Free Cash Flow -5,021 1,183 Cash and cash equivalents Δ in % 16,339 15,853-8,5 Balance sheet figures (in T ) Q Q Δ in % Balance sheet capital 76,521 75,550-1,3 Equity 42,671 44,360 +4,0 Equity ratio in % 55,8% 58,7% Net debt -0,064-0,8 Working Capital /-0 Other key figures (in ) Q1-Q Q1-Q Δ in % Employees ,3 Profit situation on plan, stable equity ratio, free cashflow significantly improved

26 Finances and outlook Stabile financial framework million credit line 13,3 comfortable room in order to finance the ongoing business operations as well as potential acquisitions ,2 loan financial framework 4,0 10,2 drawdown short-term portion long-term portion 15,9 cash at the moment no drawdown of the assured and granted creditlines (no Covenants) balanced terms of the loans received (secured) net liquidity 0,8 million weighted average borrowing rate 2,9 percent p.a. page 26

27 Finances and outlook technotrans group: outlook 2014 turnover EUR 110 m (+/- 5%) financial result slight improvement Investments 2-3 percent of turnover turnover EBITmargin financial result tax ratio (group) investments free cashflow guidance 2014 confirmed EBIT-margin 4-6 percent tax ratio (group) 30 percent free cashflow positive 3-5 million EUR page 27

28 Agenda technotrans business model technotrans strategy technotrans finances and outlook technotrans share page 28

29 technotrans share Overview 5,28% 6,00% 3,02% Key data technotrans share ISIN/Code DE000A0XYA7/AOXGA establishment/ipo 1970/ ,68% Freefloat technotrans AG (own shares) director s holdings Objectif Small Cap Midlin NV financial year share capital ,00 number of shares ,00 number of shares (free float) stock markets designated Sponsors index XETRA, Frankfurt Bankhaus Lampe Prime Standard Henry Brickenkamp Dirk Engel Christof Soest supervisory board market capitalisation: as of June 30th, 2014 EUR 61 million page 29

30 technotrans share Share performance and analyst estimates Share performance January 1 June 30, 2014 page 30 technotrans SDAX TecDAX 2013 dividend: 0,20 previous year: 0,12 dividend policy: distribution of approx. 50 percent of the consolidated net earnings for the year 2014 Banks as well as investment companies confirm a good potential for the share s development 115% 110% 105% 100% 95% Research calendar Bankhaus Lampe buy HSBC overweight Montega buy Warburg Research buy Gordon Schönell price target 11,00 Richard Schramm price target 10,00 Thomas Rau price target 13,00 Eggert Kuls price target 10, Interim Report (1-6/2014) Interim Report (1-9/2014) Annual Report Interim Report (1-3/2015) Annual General Meeting 2015

31 Disclaimer Any forward-looking statements contained in this presentation represent our best judgement as to what will occur in the future. The Company`s actual results could differ materially from those presented and will depend on a number of competitive and economic factors, some of which will be outside the control of the company.