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Financial update
Thomas ThuressonCFO
Alfa Laval Group
www.alfalaval.com
FinancialFinancialFinancialFinancial
FINANCIAL UPDATE
NOVEMBER 19, 2013
www.alfalaval.com
Group fundingUtilisation and maturity structure, status as per September 30, 2013
-Committed and utilised-Committed, not utilised-Not committed, utilised
SEK Bn
2
4
6
8
10
EIB
2014 20182016 2020
US PPSHB
Senior Facility
SEK
• Committed, not utilised SEK 4.0 Bn
• Utilised credits, > 75 % outside Senior Facility
• Maturity of SEK 7.3 Bn > 4 years
Senior Facility
SEK
www.alfalaval.com© Alfa Laval Slide 5
Foreign exchange
SEK million
Gains
Losses
Total
Exchange rate differences in the financial net, January - September
2012
320
- 87
233
2013
127
- 160
- 33
www.alfalaval.com© Alfa Laval Slide 6
Foreign exchange
SEK million
Translation effect
Transaction effect
Total
Average and closing rates refers to the rates applied as per
September 30, 2013
Estimated impact on adjusted EBITA from FX fluctuations
WY 13
Cl rates
- 240
- 25
- 265
WY 14
Av rates
- 73
- 15
- 88
WY 13
Av rates
- 167
- 25
- 192
www.alfalaval.com
0
100
200
300
400
500
600
0
1 000
2 000
3 000
4 000
5 000
6 000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Step-up values up to 2017Closing balance and amortisation according to plan, SEK million
Closing balance Amortization
LBO-related Acquisitions Amortisation acc to plan
www.alfalaval.com
Guidance- A summary
� Taxes in the P&L, 28 % of PBT
� R & D-spend in relation to total revenues, >= 2.5 %
� Capital expenditure in relation to total revenues, <= 2.0 %
� Dividend pay-out ratio, 40 – 50 % of adjusted EPS*
*) excluding net effect of step-up amortisation
www.alfalaval.com
IFRS 11- Joint arrangements- New from 2014
� This will mean a change in the disclosure of joint venture
activities as far as the consolidated P & L and Balance-sheet is
concerned
� This will have an impact on Alfa Laval because of Alfdex and
possibly AlfaWall at a later stage
� The current impact on the consolidated P & L and Balance-
sheet will be found in a specific note
Expected impact on orders and sales from Alfdex
approximately SEK 200 million negative
www.alfalaval.com
Order backlog development
0
10
20
30
40
50
60
70
80
0
2 000
4 000
6 000
8 000
10 000
12 000
14 000
16 000
18 000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
% of LTM-sales
Order backlog % of LTM (last twelve months) sales
SEK millions
www.alfalaval.com
Order backlog as per Sept 30
For delivery next year
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
7,324
6,567
13,192
8,766
15,873
6,256
15,314
8,330
For delivery later than next year
200920082007
For next year,
SEK 8.0 Bn!
For delivery during the rest of current year
5,487
11,689
5,480
5,937
2010
SEK million at prevailing rates
2012
6,705
8,387
15,496
6,418
8,050
15,068
2011
15,071
7,993
6,672
2013
www.alfalaval.com
Order backlog as per Sept 30 For delivery after December 31
SEK millions at prevailing rates
Other Segments
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
4,576
4,730
9,306
4,099
4,959
9,058
2,327
4,338
6,665
Marine & Diesel
20082006 2007
1,733
1,820
3,553
2005
7,705
3,655
4,050
2010
5,751
2,155
3,596 5,572
3,219
8,791
20122009 2011
8,650
3,508
5,142
Aalborg added SEK 2.0 Bn to Marine in 2011!
2013
5,336
3,063
8,399
www.alfalaval.com
Sales2013 and 2014
BnSEK
LTM Q313 29.4
Change order backlog Q4, y-o-y + / - 0.0
Fx. Translation (clos rates 1309) - 0.5
Acquisitions (in-for-out) + 0.2
Demand & Price Q413 x / - 0.0
Full year 2013 appr 29.1
www.alfalaval.com
BnSEK
Full year 2013 appr 29.1
Change in order backlog y-o-y - 0.4
Fx. Translation + / - 0.0
Acquisitions to date + 0.1
IFRS 11 - 0.2
Subtotal: 28.6
Price + / - ?
Demand + / - ?
Further acquisitions + ?
Full year 2014: ?
Sales2013 and 2014
www.alfalaval.com
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