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Viscom AG — Investor Presentation 2017
May 11, 2017
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Investor Presentation
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Viscom AG – Financial results first quarter 2017
Disclaimer
This presentation is not directed to the investment goals or financial position of any specific individual person or legal person. Investors should obtain independent expert counsel regarding the question of an investment in shares of the Viscom AG and carry out an analysis of the particular situation themselves.
Although Viscom has endeavored to deliver reliable, complete and up-to-date information with this presentation, the company can accept no liability for the accuracy, completeness or topicality of this information.
Certain statements in this presentation which are based on information available at present are forward-looking statements or contain specific expectations for the future. Such statements, by their nature, are subject to risks and uncertainties. Circumstances such as the general economic development, future market conditions, changes in the capital markets and other circumstances can lead to significant deviation of the actual events or results.
The information in this presentation serves general informational purposes and is neither an offer nor part of an offer or any other request to acquire, subscribe to or sell securities issued by Viscom.
Incoming orders and order backlog according to regions
| 3M 2016 | 3M 2017 | ||||
|---|---|---|---|---|---|
| Incoming orders | K€ | 14,792 | 20,156 | 36.3% | |
| thereof Europe | K€ | 9,543 | 12,061 | 26.4% | |
| thereof Americas | K€ | 1,701 | 3,500 | 105.8% | |
| thereof Asia | K€ | 3,548 | 4,595 | 29.5% | |
| Order backlog | K€ | 15,484 | 18,684 | 20.7% |
Group revenues by first quarters
4
EBIT and EBIT-Margin
Segment information according to regions
| Europe | 3M 2016 | 3M 2017 | |
|---|---|---|---|
| Revenue | K€ | 7,817 | 9,338 |
| Percentage of total revenue |
% | 70.3 | 47.8 |
| EBIT* | K€ | -851 | 1,944 |
| EBIT-Margin* | % | -10.9 | 20.8 |
| Americas | 3M 2016 | 3M 2017 | Asia | 3M 2016 | 3M 2017 | |||
|---|---|---|---|---|---|---|---|---|
| Revenue | K€ | 1,541 | 2,488 | Revenue | K€ | 1,766 | 7,716 | |
| Percentage of |
Percentage of |
|||||||
| total revenue | % | 13.9 | 12.7 | total revenue | % | 15.9 | 39.5 | |
| EBIT | K€ | -121 | 235 | EBIT | K€ | -271 | 649 | |
| EBIT-Margin | % | -7.9 | 9.4 | EBIT-Margin | % | -15.3 | 8.4 | |
* without consideration of consolidation differences in EBIT
Core indicators of consolidated income statement
| 3M 2016 | 3M 2017 | Change to the |
|||
|---|---|---|---|---|---|
| K€ | % to Gr | K€ | % to Gr | previous year |
|
| Group revenue (Gr) | 11,124 | 100.0% | 19,542 | 100.0% | 75.7% |
| Total output* | 13,765 | 123.7% | 21,373 | 109.4% | 55.3% |
| Cost of materials | -5,950 | -53.5% | -8,429 | -43.1% | 41.7% |
| Staff cost | -6,023 | -54.1% | -6,681 | -34.2% | 10.9% |
| Other operating expenses | -3,103 | -27.9% | -3,602 | -18.4% | 16.1% |
| EBIT | -1,221 | -11.0% | 2,658 | 13.6% | |
| Net profit for the period | -1,326 | -11.9% | 1,880 | 9.6% |
*Total output = Group revenue + changes in finished goods and work in progress + other capitalised company-produced assets
Core indicators of balance sheet and cash flow statement
| Consolidated balance sheet | 31.12.2016 K€ |
31.03.2017 K€ |
|---|---|---|
| Cash and cash equivalents | 6,517 | 9,904 |
| Current liabilities | 12,047 | 11,078 |
| Non-current liabilities | 2,298 | 2,251 |
| Interest-bearing liabilities | 0 | 0 |
| Total shareholders' equity | 52,292 | 54,111 |
| Consolidated cash flow statement | 31.03.2016 K€ |
31.03.2017 K€ |
|---|---|---|
| Cash flow from operating activities | -423 | 3,971 |
| Cash flow from investing activities | -530 | -544 |
| Cash flow from financing activities | 0 | 0 |
Group key figures
| Key figures on net assets, financial position and results of operations |
31.03.2016 | 31.03.2017 |
|---|---|---|
| Return on investment (ROI) | ||
| Net profit for period / total assets | -2.3% | 2.8% |
| Return on sales | ||
| EBT / revenue | -11.0% | 13.6% |
| Return on capital employed (ROCE) | ||
| EBIT / (total assets - cash and cash equivalents - current liabilities and provisions) |
-3.2% | 5.7% |
| Equity ratio | ||
| Equity / total assets | 81.5% | 80.2% |
The Viscom share
| Listing | Regulated market (Prime Standard) |
|---|---|
| ISIN | DE 000 7846867 |
| Number of shares | 9,020,000 pieces |
| Number of voting shares | 8,885,060 pieces |
| Market capitalisation as of 31.03.2017 * |
€ 139.72 million |
| Share price as of 31.03.2017 * | € 15.49 |
*) all price data on the basis of XETRA daily closing prices
Objectives and Forecast
The electronics market and megatrends offer secure growth perspectives.
- Autonomous driving vehicles
- Electromobility
Annual Forecast 2017
- Miniaturization of electronic components
- Further growth potential in global accounts
- Winning evaluations always in focus
- Positioning on Approved Vendor List (AVL)
- Dividend policy: Payout rate of at least 50 % of result
Sales target: € 80 to 85 million
EBIT-Margin: 13 to 15 %
Thank you for your attention
Headquarters: Viscom AG Carl-Buderus-Str. 9 - 15 · 30455 Hanover Tel.: +49 511 94996-0 · Fax: +49 511 94996-900 [email protected] · www.viscom.com
Contact Investor Relations: Viscom AG, Anna Borkowski Carl-Buderus-Str. 9 – 15 · 30455 Hanover Tel.: +49 511 94996-861 · Fax: +49 511 94996-555 [email protected] · www.viscom.com
You will find our international subsidiaries and representatives in Europe, the USA and Asia under: www.viscom.com