analyst presentation - q3 2018/19 january 17, 2018 presentation.pdf · free cashflow eur 19,9 mill....
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Analyst Presentation - Q3 2018/19
January 17, 2018
HIGHLIGHTSQ3 2018/19
MARKET & OPERATIONS
HIGHLIGHTS
Financial summary
4% growth in revenues to EUR 589.2 mill.
Operating results increased by 5.3% to EUR 42.2 mill.
Outlook for the fiscal year 2018/19 confirmed
Major program milestones in Q3 2018/19
– First delivery of the AIRBUS A320 Airspace cabin
– AIRBUS A220 ramp up
– Embraer E2 and COMAC C919 part testing & qualification completed
– Strategic partnership signed with Ehang for „Urban Air Mobility“
REVENUESEUR 589.2 mill.
EBITEUR 42.2 mill.
Order BacklogUSD 6.5 bn
FACC`s continuous growth path
EHANG - STRATEGIC PARTNERSHIP
Joint Development
FACC engineering, certification and technology leadership in lightweight composite systems supports industrialisation of product.
Step by Step penetration of market
Cargo vehicle delivery for oil platform support and other missions considered first. Certification for further use to follow with market readiness in 3-5 years.
Market penetration
Step by step increase of units built from 300 in 2021 up to > 1.000 p.a. before 2025
AEROSPACE MARKET SUMMARYPositive market trend confirmed by major customers
> 1,608 aircraft delivered in calendar year 2018
> Airbus over fulfilled 2018 market expectations
> Long term guidance confirmed by all OEMs
> Boeing-Embraer merger in its final stage
> EIS (entry into service) of the Bombardier Global 7500 business jet family
KEY FINANCIALS1-9 2018/19
251,3
121,7
191,1
254,6
125,0
209,6
AEROSTRUCTURES ENGINES & NACELLES CABIN INTERIORS
1-9 17/18 1-9 18/19
REVENUES 1-9 2018/19 Strong increase in overall revenues by 4.5% Interior division driving the business expansion
REVENUES BY BUSINESS SEGMENT
in Mio. EUR
GROUP REVENUES
in Mio. EUR
564,1
589,2
3,33,3
18,5
Revenues 1-917/18
Aerostructures Engines &Nacelles
Cabin Interiors Revenues 1-918/19
EBIT 1-9 2018/19
in Mio. EUR
GROUP EBIT
in Mio. EUR
EBIT BY BUSINESS SEGMENT
29,6
4,5 6,0
15,9
5,7
37,2
4,8 0,2
AEROSTRUCTURES ENGINES & NACELLES CABIN INTERIORS
1-9 2017/18 One-offs 1-9 2018/19
61,7
42,2
-21,6
7,6 0,3 -5,8
EBIT 1-92017/18
One-Offs Aerostructures Engines &Nacelles
Cabin Interiors EBIT 1-92018/19
Positive EBIT contribution in Aerostructures due to higher NRC share
Interior profit lower than last year due to new versions introduction
FREE CASHFLOW
EUR 19,9 MILL.
63,5 65,3
40,6 -20,7
-16,5
-1,5
Cash and cashequivalents atthe beginningof the period
CF fromoperatingactivities
CF frominvestingactivities
CF fromfinancingactivities
FX Cash and cashequivalents atthe end of the
period
CASHFLOW UND INVESTMENTS Solid cashflow generation from operations Investments on constant levels
in Mio. EUR
CASHFLOW DEVELOPMENT 1-9 2018/19 INVESTMENTS
in Mio. EUR
24,0
20,9 20,7
1-9 2016/17 1-9 2017/18 1-9 2018/19
269,7
325,6
294,2
1-9 2016/17 1-9 2017/18 1-9 2018/19
BALANCE SHEET RATIOS Equity ratio impacted by new accounting standard - IFRS 15
Net debt trend decreasing
EQUITY AND EQUITY RATIO NET FINANCIAL DEBT
in Mio. EUR
44% 42%
in Mio. EUR
197,0189,4 186,8
1-9 2016/17 1-9 2017/18 1-9 2018/19
39%
OUTLOOK FISCAL YEAR 2018/19Continuous growth and new programs
Execution of phase two of the investment program Implementation of required capacity in production Automation and I4.0 initiatives Investments into new programs
Financial targets Revenues: EUR 760 - 770 mill EBIT : EUR 52 - 55 mill.
Gain new market shares in all business segments
New materials and production technologies
SHARE INFORMATION
IR Contact
Manuel TaverneDirector Investor Relations
Tel.: +43/59/616-2819
Mobil: +43/664/80119 2819
e-mail: [email protected]
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