FUCHS PETROLUB / Q3/2015 Conference Call€¦ · 11/3/2015  · Earnings per share in ... 30 Sept...

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FUCHS PETROLUB / Q3/2015 Conference Call Dr. Alexander Selent, Vice Chairman & CFO Dagmar Steinert, Head of Investor Relations Mannheim, 3 November 2015

Transcript of FUCHS PETROLUB / Q3/2015 Conference Call€¦ · 11/3/2015  · Earnings per share in ... 30 Sept...

Page 1: FUCHS PETROLUB / Q3/2015 Conference Call€¦ · 11/3/2015  · Earnings per share in ... 30 Sept 2015 30 Sept 201431 Dec 2014 FUCHS PETROLUB SE. Outlook 2015 12 ... estimates set

FUCHS PETROLUB / Q3/2015Conference Call

Dr. Alexander Selent, Vice Chairman & CFODagmar Steinert, Head of Investor Relations

Mannheim, 3 November 2015

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The first nine months of 2015 at a glance

� Sales revenues up 10% to €1.5 billion (currency +6%; acquisitions +4%)

� Earnings (EBIT) increase by 11% to €261 million

� Outlook for the financial year remains unchanged

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Q3/2105: consolidation of PENTOSIN drives external growth

� Organic growth -1.0% or -€4.6 mn

� External growth 7.6% or €36.2 mn

� Currency effects 3.3% or €16.1 mn

483.5

-4.6

36.2 16.1

531.2

200

250

300

350

400

450

500

550

salesQ3/2014

salesQ3/2015

organicgrowth

externalgrowth

currencyeffects

€ mn +€47.7 mn (9.9%)

250

0

FUCHS PETROLUB SE

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31.6

3.3 2.6

36.2

-2.1

8.7 10.5

16.1

1.6

-2.8 -4.9 -4.6-5

5

15

25

35

45

55€ mn

Asia-Pacific/ Africa

North and South america

Total growth +10.7% +7.0% +9.9% +9.9%

Group*

Organic growth

External growthCurrency effects

Organic growth +0.6% -2.1% -5.9% -1.0%

Regional sales growth3rd quarter 2015

9.2 8.2 47.7

Currency effects -0.7% +6.6% +12.7% +3.3%

Q3/2015: currency and acquisition drive growth in all regions

* Consolidation effect (-€0.8 mn)

External growth +10.8% +2.5% +3.1% +7.6%

FUCHS PETROLUB SE

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1,402.8

1.550.6

83.9

1,538.8

1000

1050

1100

1150

1200

1250

1300

1350

1400

1450

1500

1550

1600

1650

sales1-9/2014

sales1-9/2015

organicgrowth

externalgrowth

currencyeffects

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1-9/2015: sales revenues increase by 9.7%

� Organic growth 0.1% or €1.5 mn

� External growth 3.6% or €50.6 mn

� Currency effects 6.0% or €83.9 mn

€ mn +€136.0 mn (9.7%)

1050

1100

FUCHS PETROLUB SE

0

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38.011.3

2.650.6

-1.9

48.438.6

83.9

5.25.6

-10.2

1.5

-20-10

0102030405060708090

100110120130140150

€ mn

Asia-Pacific/ Africa

North and South America

Total growth +4.9% +17.3% +13.1% +9.7%

Group*

Organic growth

External growthCurrency effects

Organic growth +0.6% +1.5% -4.3% +0.1%

Regional sales growth1-9/2015

65.3 31.0 136.0

Currency effects -0.2% +12.8% +16.3% +6.0%

* Consolidation effect (-€1.6 mn)

External growth +4.5% +3.0% +1.1% +3.6%

1-9/2015: growth in sales revenues broken down into regions

FUCHS PETROLUB SE

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1-9/2015: EBIT increase by 10.6%

Euro mn 1-9/2015 1-9/2014 variance

Sales revenues 1,538.8 1,402.8 136.0 9.7%

Gross profit 590.7 522.7 68.0 13.0%

Gross profit margin 38.4% 37.3%

Sales, admin. R&D and other net expenses 341.3 295.8 45.5 15.4%

Expenses as a percentage of sales 22.2% 21.1%

EBIT before income from at equity 249.4 226.9 22.5 9.9%

EBIT margin before income from at equity 16.2% 16.2%

Income from at equity 11.5 9.0 2.5 27.8%

EBIT 260.9 235.9 25.0 10.6%

Earnings after tax 180.9 164.1 16.8 10.2%

Net profit margin 11.8% 11.7%

Earnings per share in €Ordinary sharesPreference shares

1.301.31

1.171.18

0.13 11.1%0.13 11.0%

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1-9/2015: segment earnings increased in all regions

EBIT

1-9/2015

127.6 (125.8)

87.1(70.9)

50.4(43.1)

-4.2(-3.9)

260.9(235.9)

0

50

100

150

200

250

300

Europe Asia Pacific,Africa

North and SouthAmerica

Holdingcosts/cons.

Group

+1.4%

+10.6%+16.9%

+22.8%

€ mn

EBIT margin before income from at equity (previous year)

14.2% 17.3% 18.9% 16.2%(14.6) (16.7) (18.3) (16.2)

FUCHS PETROLUB SE

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Major acquisition fully financed by strong operating cash flow

€ mn 1-9/2015 1-9/2014

Gross cash flow

Changes in net operating working capital

203.3

-34,2

184.2

-40,9

Other changes 2,5 5,7

Operating cash flow 171,6 149,0

Capex -29.1 -23.8

Cash paid for acquisitions -112,3 -21,8

Other changes 3,2 4,5

Free cash flow 33.4 107.9

FUCHS PETROLUB SE

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Investments according to plan

€ mn

10

Key investments

Enlargement of the test field in Mannheim, new plants in the US and Australia.

29.1

23.8

1-9/2015 1-9/2014

FUCHS PETROLUB SE

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Number of employees increased

11

The number of employees has grown by 235 people since the beginning of the year primarily due to acquisitions.

4,347

4,112 4,124

30 Sept 2015 30 Sept 201431 Dec 2014FUCHS PETROLUB SE

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Outlook 2015

12

� We expect sales revenues to grow by around 10% for 2015

� We anticipate an increase in EBIT by a higher single-digit percentage for 2015

� We plan investments to exceed the previous year’s value

� We stand by our forecast for 2015 of recording free cash flow in excess of €150 million before capital expenditure in connection with acquisitions

FUCHS PETROLUB SE

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FUCHS PETROLUB SE

Investor Relations

Friesenheimer Str. 17

68169 Mannheim

Telefon 0621 3802 1105, Fax 0621 3802 7274

[email protected] , www.fuchs-oil.de

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Thank you for your attention

Disclaimer

FUCHS PETROLUB SE14

This presentation contains statements about future development that arebased on assumptions and estimates by the management of FUCHSPETROLUB SE. Even if the management is of the opinion that theseassumptions and estimates are accurate, future actual developments andfuture actual results may differ significantly from these assumptions andestimates due to a variety of factors. These factors can include changes inthe overall economic climate, procurement prices, changes to exchangerates and interest rates, and changes in the lubricants industry. FUCHSPETROLUB SE provides no guarantee that future developments and theresults actually achieved in the future will match the assumptions andestimates set out in this presentation and assumes no liability for such.