Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 ....

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Rosenbauer Group Investors presentation

Transcript of Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 ....

Page 1: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

Rosenbauer Group Investors presentation

Page 2: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

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Company profile

■ Leading manufacturer of firefighting 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 according to DIN and NFPA (US) standards with production facilities in Europe, North America and Asia

■ Industry leader in technology and innovation

■ Rosenbauer Group in 2014 ■ Revenue € 784.9 million

■ EBIT € 48.4 million

■ Headcount 2.941 employees

Europe 37%

NAFTA 17%

Asia/ Oceania

12%

Arab world 27%

Others 7%

Page 3: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

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Fremont / NB

Singapore

Leonding / Austria Traun / Austria Neidling / Austria

Karlsruhe / Germany Luckenwalde / Germany

Oberglatt / Switzerland

Madrid / Spain Linares / Spain

Production facilities, sales and service companies

Wyoming / MN

Rosenbauer America

Lyons / SD

Halfway House / South Africa

Brunei

Moscow / Russia

Production Sales /Service

Radgona / Slovenia

Chambery / France

Riyadh / Saudi Arabia

Jeddah / Saudi Arabia

KAEC / Saudi Arabia (until 2016)

Holmfirth / UK

Page 4: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

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Vehicles 70% revenues

Aerials 9% revenues

Stationary fire protection

1% revenues

Customer Service/Others 7% revenues

Components 3% revenues

Equipment 10% revenues

Full-liner

As of 2014

Page 5: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

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Firefighting vehicle market

■ Worldwide volume € 3,440 million (2012: € 3.061 million) p.a. ■ 17.000 vehicles (2012: 16,000) p. a.

■ Most purchasers are public sector clients ■ Rosenbauer worldwide No. 1

■ Worldwide market share 19.2% (2012: 19.2%)

■ World sales share of Top 10 companies appr. 77%

Source: Latest annual financial statements / Rosenbauer estimates /UNO statistics 2013 (as of July 2015)

0 100 200 300 400 500 600 700 800

GIMAEX Group / France (2013/14)KME / USA (2011)

Ziegler Group / Germany* (2011)Spartan / USA (2013)

E-One / USA (2014)Iturri Group / Spain (2013/14)

Magirus Group / Germany (2013)Morita Corp / Japan (2013/14)

Pierce Oshkosh / USA (2013/14)Rosenbauer Group / Austria (2014)

Ranking of firefighting vehicle manufactures (Revenues in € million)

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Rosenbauer at the Interschutz 2015

■ Concentrated presentation of innovative firefighting technology ■ Global orientation and technological leadership are key pillars of success

■ Leading position in the fire equipment sector demonstrated again

■ New products meet with positive response from customers ■ More than 50 new PANTHERs sold already (Abu Dhabi, Qatar, Singapore, and India)

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The new developments

The new PANTHER

E5000

HEROS-titan

The new cage

BUFFALO extreme FOX S Commander

NAUTILUS 4/1 ECO

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Financial data 3/2015

Page 9: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

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Highlights

■ Global market volume still at high level ■ Developed markets showing positive signs again ■ Positive development anticipated in North America in 2015 ■ Central Europe still characterized by intense price competition ■ Strong need for safety products in the wake of disasters in emerging markets

■ Revenues up 12% at € 627.5 million ■ Increased deliveries to Arabic countries ■ Revenue growth of more than 30% in North America

■ EBIT down year-on-year at € 27.6 million ■ Additional expenses for launch of new products and appearance at trade fair ■ Postponed deliveries negatively impact earnings in Q3 ■ Higher location costs in Austria have negative impact on earnings ■ Positive impact on EBIT from higher EBIT of US companies

Page 10: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

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Revenues and EBIT (in € million)

368.5

430.2

517.3 562.0

627.5

23.3 20.5

28.0 31.6

27.6

0

10

20

30

40

50

60

70

0

100

200

300

400

500

600

700

1-9/2011 1-9/2012 1-9/2013 1-9/2014 1-9/2015

RevenuesEBIT

6.3% 4.8% 5.4% EBIT margin 5.6% 4.4%

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Financial data Q1-Q3

in € million 1-9/2015 1-9/2014 in %

Revenues 627.5 562.0 +12%

EBIT 27.6 31.6 (13%)

EBIT margin 4.4% 5.6% -

EBT 26.4 30.5 (13%)

Net profit of the period 21.1 24.0 (12%)

Cash flow of operating activities (67.0) (115.0) -

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Balance sheet data Q3 (in Mio €)

in € million Sept 30, 2015 Dec 31, 2014 Sept 30, 2014

Total assets 647.0 579.9 587.4

Equity in % of total assets 32 .7% 34.2% 33.2%

Capital employed (ø) 460.6 341.2 352.9

ROCE 6.0% 14.2% 9.0%

ROE 12.9% 24.5% 16.0%

Net debt 253.9 154.2 199.0

Gearing ratio 119.9% 77.7% 102.2%

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Headcount (September 30)

1,017

1,100

1,183

1,291

1,385

516

604

651

701

736

498

558

571

644

647

81

91

176

262

299

30.09.2011

30.09.2012

30.09.2013

30.09.2014

30.09.2015

Austria USA Germany Rest of the world

3,067

2,898

2,581

2,353

2,112

► Additionally, Rosenbauer employs 213 leasing employees.

Page 14: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

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Rosenbauer share 1-9/2015

1-9/2015 1-9/2014

Highest share price in € 85.0 70.1

Lowest share price in € 66.7 67.0

Closing price in € 72.3 70.0

Capitalization in € mill. 491.8 476.0

Sustainable solid dividend policy: • Dividend 1.2 € (2013: 1.2 €) • Dividend yield 1.7% (2013: 2.0%)

* Rosenbauer Beteiligungsverwaltung GmbH

BVG * 51%

Free float 45%

Investor FR 4%

50,0

60,0

70,0

80,0

90,0

Jan Feb Mrz Apr Mai Jun Jul Aug SepRosenbauer EURO ATXPrime indexed

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Outlook

Page 16: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

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Order intake / backlog Q3 (in € million)

Order intake Order backlog

456.1

400.6

599.6

632.3

698.6

1-9/2011

1-9/2012

1-9/2013

1-9/2014

1-9/2015

478.0

676.0

641.2

760.1

846.1

30.09.2011

30.09.2012

30.09.2013

30.09.2014

30.09.2015

Page 17: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

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Outlook

■ Full order books allow for continued high level of revenues ■ Low oil price affects procurement behavior in the sector ■ Efficiency enhancement and cost reduction measures set to improve

earnings ■ Focus on the reduction of trade working capital

■ Sales growth on a sound financial basis in 2015 ■ Investments at a high level of over € 25 million due to modernization of Plant I,

expansion of US locations and construction of the production site in Saudi Arabia

■ Earnings for 2015 influenced by expenses for the launch of new products and the Group's appearance at the world's largest trade fair

■ Revenues expected to rise by 10%

■ EBIT margin of lower than 6% anticipated due to postponed deliveries

Page 18: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

Thank you!

Page 19: Rosenbauer Group · 2016. 4. 8. · Company profile Leading ... The new PANTHER . E5000 . HEROS-titan . The new cage . FOX S . Commander . BUFFALO extreme . NAUTILUS 4/1 ECO . Financial

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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.