Investor Presentation • Nov 14, 2012
Investor Presentation
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Gordon Riske, CEO Dr. Thomas Toepfer, CFO Wiesbaden, November 14th, 2012
3 Outlook Gordon Riske
This document has been prepared by KION GROUP GmbH (the "Company") solely for informational purposes. For the purposes of this notice, the presentation that follows shall mean and include the slides that follow, the oral presentation of the slides by the Company or any person on behalf of the Company, any question-and-answer session that follows the oral presentation, hard copies of this document and any materials distributed at, or in connection with the presentation (collectively, the "Presentation"). By attending the meeting at which the Presentation is made, or by reading the Presentation, you will be deemed to have (i) agreed to all of the following restrictions and made the following undertakings, and (ii) acknowledged that you understand the legal and regulatory sanctions attached to the misuse, disclosure or improper circulation of the Presentation.
The Presentation is private and confidential and may not be reproduced, redistributed or disclosed in any way in whole or in part to any other person without the prior written consent of the Company.
None of the Company, the companies in the Company's group or any of their respective directors, officers, employees, agents or any other person shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of the Presentation or its contents or otherwise arising in connection with the Presentation. The information and opinions contained in this Presentation do not purport to be comprehensive, are provided as at the date of the document and are subject to change without notice. The Company is not under any obligation to update or keep current the information contained in the Presentation.
The Presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue, or the solicitation of an offer to purchase, subscribe to or acquire, securities of the Company, or an inducement to enter into investment activity in the United States or in any other jurisdiction in which such offer, solicitation, inducement or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction. No part of this Presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever.
Any offering of securities is only addressed and directed at persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Directive 2003/71/EC of November 4, 2003 (as amended, inter alia, by the Directive 2010/73/EU of November 24, 2010) (the "Prospectus Directive") ("Qualified Investors"). Any offering of securities is directed only at, investment professionals (i) who have professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and high net worth entities falling within Article 49(2)(a) to (d) of the Order or (ii) to whom it may otherwise be lawfully communicated (all such persons together being referred to as "Relevant Persons"). This Presentation must not be acted on or relied on by persons who are not Qualified Investors or Relevant Persons. Any investment activity to which this communication relates is available only to Qualified Investors and Relevant Persons and will be engaged in only with Qualified Investors and Relevant Persons.
To the extent available, the industry, market and competitive position data contained in this Presentation come from official or third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, the Company has not independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in this Presentation come from the Company's own internal research and estimates based on the knowledge and experience of the Company's management in the market in which the Company operates. While the Company believes that such research and estimates are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change without notice. Accordingly, undue reliance should not be placed on any of the industry, market or competitive position data contained in this Presentation.
Statements in the Presentation, including those regarding the possible or assumed future or other performance of the Company or its group or its industry or other trend projections, constitute forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of the Company. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements. Accordingly, no assurance is given that such forward-looking statements will prove to have been correct. They speak only as at the date of the Presentation and the Company undertakes no obligation to update these forward-looking statements.
| 1 | Highlights Q3 2012 | Gordon Riske |
|---|---|---|
| 2 | Update Financials Q3 2012 | Dr. Thomas Toepfer |
| 3 | Outlook | Gordon Riske |
| In € millions |
2008 | 2009 | 2010 | 2011 | LTM4 |
|---|---|---|---|---|---|
| Revenue | 4,554 | 3,084 | 3,534 | 4,368 | 4,651 |
| EBITDA adj.3 | 709 | 311 | 462 | 665 | 732 |
| Margin | 15.6% | 10.1% | 13.1% | 15.2% | 15.7% |
| EBIT adj.3 | 358 | (29) | 139 | 365 | 424 |
| Margin | 7.9% | (0.9)% | 3.9% | 8.3% | 9.1% |
EBIT[1] Adjusted for one-off items and PPA
Strengthening presence in emerging markets and expanding business in after-sales market
1 Source: WITS/FEM
Industrial trucks order intake (in units)
Source: WITS/FEM
November 14th, 2012 | KION Group Update Call Q3 2012 12
| 1 | Highlights Q3 2012 | Gordon Riske |
|---|---|---|
| 2 | Update Financials Q3 2012 | Dr. Thomas Toepfer |
| 3 | Outlook | Gordon Riske |
| [m€] | Q1-Q3 2012 |
Q1-Q3 2011 |
Δ (Q1-Q3/12 vs. PY) in % |
LTM |
|---|---|---|---|---|
| Order Intake | 3.487 | 3.464 | 0,6% | 4.739 |
| Revenue | 3.439 | 3.157 | 8,9% | 4.651 |
| EBITDA | 532 | 466 | 14,2% | 635 |
| Adjusted EBITDA | 548 | 482 | 13,8% | 732 |
| Margin | 15,9% | 15,3% | 15,7% | |
| EBIT | 276 | 222 | 24,2% | 267 |
| Adjusted EBIT | 319 | 260 | 22,8% | 424 |
| Margin | 9,3% | 8,2% | 9,1% | |
| FCF | 39 | 50 | -22,5% | 223 |
| TWC | 793 | 757 | 4,7% | |
| in % of Revenue | 17,3% | 18,0% | ||
| Capital Expenditures | 97 | 79 | 22,4% | 151 |
| Headcount (FTE) incl. apprentices |
* 22.629 |
21.536 | 5,1% |
1 Net financial debt/LTM adj. EBITDA
While the 2nd lien is outstanding, maturities of TLB, TLC and RCF to be 3 months prior to the maturity date of the 2nd lien from time to time.
1
| 1 | Highlights Q3 2012 | Gordon Riske |
|---|---|---|
| 2 | Update Financials Q3 2012 | Dr. Thomas Toepfer |
| 3 | Outlook | Gordon Riske |
Silke Glitza Head of Investor Relations & M&A Phone +49 (0)611.770 -450 E -mail [email protected]
Michael Hauger Head of Corporate Communications Phone +49 (0)611.770 -655 E -mail [email protected]
Maria Babilas Head of Treasury Phone +49 (0)611.770 -462 E -mail [email protected]
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