2014 Orders Received & Sales................................................... Joris.. Gröflin,. Chief. Financial.. Officer..................
Rieter Summary orders received & sales 2014 Double-digit sales growth with strong second half of the year Sales increased by a total of 11% to 1 153.4 million CHF Sales in the second half of the year were 21% higher than in the first six months with strong growth in Turkey and the US Business Group Spun Yarn Systems with 980.9 million CHF sales (+ 14% vs. 2013) Business Group Premium Textile Components with 172.4 million CHF sales (- 3% vs. 2013) Orders received of 1 146.1 million CHF at the level of sales Strong HY1 with 655.5 million CHF, slow-down in HY2 to 490.6 million CHF Business Group Spun Yarn Systems with 973.8 million CHF orders received (- 10% vs. 2013) Business Group Premium Textile Components with 172.3 million CHF orders received (- 2% vs. 2013) Order backlog at year-end at around 730 million CHF Profit outlook for 2014 Rieter expects to achieve an EBIT margin of a good 7% and net profit of about 4.5% of sales in the 2014 financial year. Swiss franc exposure reduced Whereas Rieter still invoiced 53% of sales in Swiss francs in the 2011 financial year, figures in 2014 were as follows: 40% of sales in Swiss francs, 37% in euros and 23% in US dollars and local currencies. Costs denominated in Swiss francs were reduced to some 34% of sales (2011: some 43% of sales). Rieter expects increasing pricing pressure on sales invoiced in Swiss francs in the 2015 financial year. 2014 Orders received & sales 2
Sales by business group Sales increased by 11% to 1 153.4 million CHF CHF million 700 600 500 400 478 86 557 92 522 86 +21% 631 86 Sales in the second half of the year were 21% higher than in the first six months Business Group Spun Yarn Systems with 980.9 million CHF sales (+ 14% vs. 2013) Business Group Premium Textile Components with 172.4 million CHF sales (- 3% vs. 2013) 300 200 393 465 436 545 Rieter achieved a record output of spindle equivalents 100 0 HY1 2013 HY2 2013 HY1 2014 Premium Textile Components Spun Yarn Systems HY2 2014 2014 Orders received & sales 3
Sales development by region Strong growth in Turkey and the US CHF million Asian countries Turkey Americas China India 1) 112 131 109 199 200 174 223 273 259 264 +5% +33% +78% -22% +21% Global distribution of sales Turkey and the Americas outpace growth of other countries Share of sales to China at 15% (2013: 22%) Chinese demand subdued Share of sales to India remains around 11% (2013: 10%) Share of sales to Asia at 73% (2013: 76%) Europe 82 81 +1% Africa 30 52-42% 2014 2013 1) Without China, India and Turkey 2014 Orders received & sales 4
Sales development and currency impact Sales development driven by Spun Yarn Systems CHF million 1.035 134-3 -13 1.153 In local currencies Sales 2013 Spun Yarn Systems Premium Textile Components Currency effects Sales 2014 2014 Orders received & sales 5
Orders by business group Orders received of 1 146.1 million CHF at the level of sales CHF million 800 700 600 500 400 711 89 548 86 655 89 491 83 Business Group Spun Yarn Systems with 973.8 million CHF orders received (- 10% vs. 2013) Business Group Premium Textile Components with 172.3 million CHF orders received (- 2% vs. 2013) Order backlog at year-end at around 730 million CHF 300 200 100 0 622 566 462 553 222 HY1 2013 HY2 2013 HY1 2014 Premium Textile Components Spun Yarn Systems 408 HY2 2014 2014 Orders received & sales 6
Order intake development and currency impact Order intake mainly driven by volume impact CHF million 1.259-98 -1-14 1.146 In local currencies Orders Received 2013 Spun Yarn Systems Premium Textile Components Currency effects Orders Received 2014 2014 Orders received & sales 7
Swiss franc exposure Swiss franc exposure reduced since 2011 Sales in CHF million 53% 1.061 1.153 43% 40% 34% Investments in China and India as well as Czech Republic allow for greater flexibility Sales currency denomination in 2014 was as follows: 40% of sales in Swiss francs, 37% in euros and 23% in US dollars and local currencies Rieter expects increasing pricing pressure on sales invoiced in Swiss francs in the 2015 financial year 2011 CHF Sales in % of Sales 2014 CHF Cost in % of Sales 2014 Orders received & sales 8
Profit outlook for 2014 Rieter expects to achieve an EBIT margin of a good 7% and net profit of about 4.5% of sales in the 2014 financial year. Rieter s full annual financial statements for 2014 and the annual report will be published on March 18, 2015, at the results press conference and presentation to analysts in Winterthur. On that occasion Rieter will provide information on the impact of the removal of the cap on the euro/swiss franc exchange rate together with the outlook for the 2015 financial year. The Annual General Meeting will be held on April 16, 2014. 2014 Orders received & sales 9
Values and principles 2014 Orders received & sales 10
Disclaimer Rieter is making great efforts to include accurate and up-to-date information in this document, however we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoever for the use of it. The information provided in this document is not intended nor may be construed as an offer or solicitation for the purchase or disposal, trading or any transaction in any Rieter securities. Investors must not rely on this information for investment decisions. All statements in this report which do not reflect historical facts are forecasts for the future which offer no guarantee whatsoever with respect to future performance; they embody risks and uncertainties which include but are not confined to future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors outside the company's control. 2014 Orders received & sales 11
Key data per share Rieter registered shares of 5 CHF nominal value Bloomberg: RIEN; Reuters: RITZn 31.12.2014 30.06.2014 31.12.2013 Shares outstanding excl. own shares (end of period) 4 575 484 4 583 858 4 586 711 Average shares (of period) 4 583 909 4 587 530 4 602 652 Share price (end of period) CHF 165.50 221.70 210.10 Market capitalization (end of period) million CHF 757 1 016 964 2014 Orders received & sales 12