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Financial Results - H1 2016 Analysts’ Telephone Conference | 1 st August 2016 | Mannheim | Dagmar Steinert

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Page 1: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

Financial Results - H1 2016 Analysts’ Telephone Conference

| 1st August 2016 | Mannheim | Dagmar Steinert

Page 2: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

Revenues +13%

to €1,136 mn

Europe €720.9 mn

Asia-Pacific, Africa €298.4 mn

Americas €171.9 mn

H1 2016

Highlights

Outlook 2016 reaffirmed

Sales Growth* of 7%-11%

EBIT Growth of 3%-7%

*before currency translation effects

EBIT + 7% to €183 mn

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Page 3: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

Sales performance Q1 15 – Q2 16 PENTOSIN included since Q3 15, STATOIL LUBRICANTS included since Q4 15

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493

515 531

540 550

586

400

450

500

550

600

Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Q2 '16

+13.8% € mn

Page 4: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

EBIT development Q1 15 – Q2 16 Q4 2015 includes integration costs (Acquisitions 2015)

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81.7

89.9 89.3

81.3

85.2

97.5

70

75

80

85

90

95

100

Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Q2 '16

+8.5% € mn

Page 5: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

Acquisitions 2016 Strategic Deals

Deal Structure

FUCHS acquires ULTRACHEM INC (Share Deal)

Business will continue to be operated from Delaware location

€15 mn in sales p.a.

Focus Specialty Synthetic Lubricants for Compressor OEM and

Industrial Maintenance Markets

Closing Latest in Q4 2016

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Deal Structure FUCHS acquires lubricants business from CHEVRON (Asset Deal)

€11 mn in sales p.a.; 85 % in North America

Focus White Oils and Food Machinery Lubricants

Closing 1st June 2016

Page 6: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

4,869 employees globaly

Increase by 46

4,823

+24

+12 +10

3,000

4,000

5,000

Dec 2015 Europe Asia-Pac./Africa Americas Jun 2016

4,869

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Page 7: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

H1 2016 Group Sales

1,007.6

1,136.2 +24.3

(+2.4%)

+144.2 (+14.3%)

-39.9 (-3.9%)

600

700

800

900

1,000

1,100

1,200

H1 2015 Organic Growth Acquisitions FX H1 2016

+128.6

(+12.8%)

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€ mn

Page 8: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

H1 2016 - Regional Sales Organic growth in Europe and Asia-Pacific, Africa

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H1 2015

(€ mn)

H1 2016

(€ mn)

Total

Growth

Organic

Growth

External

Growth

Currency

Effects

Europe 571.2 720.9 +26.2% +3.3% +24.7% -1.8%

Asia-Pacific, Africa 302.2 298.4 -1.3% +2.3% +3.8% -7.4%

Americas 176.1 171.9 -2.4% -0.8% +2.7% -4.3%

Page 9: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

Q1, Q2 2016 - Regional Sales Headwind from Currency

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Q1 2015

(€ mn)

Q1 2016

(€ mn)

Total

Growth

Organic

Growth

External

Growth

Currency

Effects

Europe 278.3 349.4 +25.5% +1.8% +24.9% -1.2%

Asia-Pacific, Africa* 146.5 144.4 -1.4% +2.0% +2.9% -6.3%

Americas 88.3 84.5 -4.3% -3.4% +2.0% -2.9%

Q2 2015

(€ mn)

Q2 2016

(€ mn)

Total

Growth

Organic

Growth

External

Growth

Currency

Effects

Europe 292.9 371.5 +26.8% +4.7% +24.4% -2.3%

Asia-Pacific, Africa 155.7 154.0 -1.1% +2.5% +4.8% -8.4%

Americas 87.8 87.4 -0.5% +1.8% +3.4% -5.7%

* Adjustment organic/external growth

Page 10: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

H1 2016 – Income Statement

€ mn H1 2015 H1 2016 Δ Mio. € Δ in %

Sales 1,008 1,136 128 12.8%

Gross Profit 388 427 39 10.1%

Margin 38.5% 37.6%

Selling, admin., R&D expenses, others 223 254 31 13.7%

EBIT before at Equity 165 173 8 5.2%

At Equity 7 10 3 36.6%

EBIT 172 183 11 6.5%

Earnings after tax 119 127 8 6.6%

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Page 11: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

H1 2016 - EBIT by regions H1 2016 (H1 2015)

94.9 (82.7)

61.0 (59.1)

31.5 (32.9)

-4,7 (-3.1)

182.7

(171.6)

0

20

40

60

80

100

120

140

160

180

200

Europe Asia Pacific, Africa Americas Holding/cons. Group

€ mn

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EBIT margin

before at equity 17.5% (17.4%) 18.3% (18.7%) 15.2% (16.3%) 13.1% (14.4%)

Page 12: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

H1 2016 - Free cash flow

mn € H1 2015 H1 2016

Earnings after tax 119 127

Amortisation/Depreciation 17 23

Net operating working capital (NOWC) -29 -46

Other changes -16 0

Capex -16 -32

Free cash flow before acquisitions 75 72

Acquisitions - -20

Free cash flow 75 52

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Page 13: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

Outlook 2016

Performance indicators Actual 2015 Outlook 2016

Sales*

Total Growth

€2,079 mn

+11.4%

7% to 11%

Organic Growth +0.3% Low single-digit %

External Growth (Acquisitions 2015) +6.0% High single-digit %

Currency +5.1%

EBIT €342 mn 3% to 7%

FVA €246 mn Low single-digit %

Free cash flow before acquisitions €232 mn €170 mn to €200 mn

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*before currency translation effects

Page 14: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

2016 – 2018: Planned investments of €300mn

Expansion of the Mannheim site, Germany

Expansion of the Kaiserslautern site, Germany

Expansion of the Chicago site, USA

New plant in WuJiang, China

New plants in Australia and Sweden

Further Investments

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Page 15: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

FUCHS PETROLUB SE

Thank you

Page 16: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

Disclaimer

This presentation contains statements about future development that are based

on assumptions and estimates by the management of FUCHS PETROLUB SE.

Even if the management is of the opinion that these assumptions and estimates

are accurate, future actual developments and future actual results may differ

significantly from these assumptions and estimates due to a variety of factors.

These factors can include changes in the overall economic climate, procurement

prices, changes to exchange rates and interest rates, and changes in the

lubricants industry. FUCHS PETROLUB SE provides no guarantee that future

developments and the results actually achieved in the future will match the

assumptions and estimates set out in this presentation and assumes no liability

for such.

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Page 17: Financial Results - H1 2016 · 2016-08-01 · assumptions and estimates set out in this presentation and assumes no liability for such. l 16 . FUCHS PETROLUB SE Investor Relations

FUCHS PETROLUB SE

Investor Relations

Investor Relations

Thomas Altmann

Friesenheimer Str. 17

68169 Mannheim, Germany

Tel. +49 (0) 621 3802 1201

[email protected]

August 1, 2016 H1 Results

September 8, 2016 Capital Market Day

November 3, 2016 Q3 Results

March 22, 2017 Annual Report 2016

May 5, 2017 Annual General Meeting

Financial Calendar Contact

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