Fourth Straight Quarter with Improved Results

Transcription

1 Interim Report Area for red header box (8,09x1,26) 1 Fourth Straight Quarter with Improved Results JANUARY JUNE 2014

2 Beijer Electronics an innovative company within industrial automation Founded in 1981 Present in 22 countries A global supplier of industrial automation and communication solutions R&D facilities in Sweden, Germany, Taiwan and USA 20% of all employees in R&D Own products account for more than 80% of sales 2

3 Agenda Highlights Financials Summary and Q&A 3

4 Beijer Electronics Vehicle business was divested to create focus to develop the Industrial business The Vehicle business with 70 MSEK yearly revenues was divested to the NASDAQ listed company Micronet Main products in the Vehicle business are rugged data terminals for the Mobile Resource Management segment The divestment gives Beijer Electronics possibility to focus more on the core business within Industrial products The sale has contributed to the result with a gain on sale of 32.9 MSEK 4

5 Launch of new rugged HMI TxBR opens possibilities in new segments Proven reliability, we test our hardware to the extremes Trouble-free use in the harshest of environments, fully certified An all-in-one solution including hardware and software ix HMI Rugged 5

6 Westermo strengthened its offer within Edge Network Solutions with new product launches in June 2014 RedFox Industrial Rack RFI in rack form factor, facilitating the growing No. of devices at the network edge DDW RS-422/485 connectivity IECEX certificates for hazardous areas at the edge of the network RFI more processing power for greater routing requirements at the edge WeConfig Network Configuration Management Made Easy 6

7 Korenix continues its product development focus towards fast growing markets wireless and surveillance Fast growing markets within wireless communication and surveillance, both markets with yearly growth of 20% Korenix is well positioned to capture these market possibilities with the right products at the right time Continued product launch in the quarter JetNet3005G V2 New product launch of wireless products planned in Q3 7

8 Agenda Highlights Financials Summary and Q&A 8

9 Interim Report Financial Performance JANUARY JUNE 2014

10 Since Q1, 2014, Beijer Electronics reports in two Business Areas As of Q1, 2014, Beijer Electronics changed the structure of the external reporting into two business areas Industrial Data Communication (IDC) and Industrial Automation Solutions (IAS) The change was made to be more in line with our market and improve our customer focus Industrial Automation Industrial Data Communications 10 JANUARY JUNE 2014

11 Beijer Electronics Group Order Intake Slow quarter due to weak development in USA & Nordics (MSEK) Order intake MSEK YTD 2014 YTD /- +/ % % Order intake by Quarter and Rolling 4Q Group Rolling 4Q Timing effect in large orders in the US 7 MSEK negative effect from the divested Vehicle business Very strong performance in APAC IDC in Q1 affecting order entry Continued uncertain market in the Nordics Continued low underlying growth in EMEA positive development towards the end of the quarter 50 0 Q1 Q3 Q4 Q1 Q3 Q4 Q1 Q3 Q4 Q JANUARY JUNE 2014

12 Beijer Electronics Group P&L Fourth straight quarter with improved result (MSEK) YTD 2014 YTD /- +/- Sales % % EBITDA % % EBITDA% 11.0% 8.4% 11.7% 10.2% EBIT % % EBIT% 6.4% 3.7% 7.0% 5.6% 32.9 Gain on sale Vehicle EBIT* % % EBIT%* 15.7% 3.7% 11.7% 5.6% Major improvements against last year Continued strong performance in IDC in investments in R&D and sales are paying off Strong underlying market in IDC Increased volumes fall through with full GM impact to EBIT in Sales by Quarter and EBIT margin Group MSEK EBIT % Difficult market in Nordics and EMEA affecting first six months Q1 Q3 Q4 Q1 Q3 Q4 Q1 Q3 Q4 Q JANUARY JUNE 2014 *Reported EBIT, including gain on sale Vehicle

13 Beijer Electronics Group Building a Global Business Sales Breakdown by Geographical Market 2014 ( 2013) North America 18% (18%) Nordic & Baltic 38% (41%) Asia 14% (13%) Europe 28% (26%) Rest of World 2% (2%) 13 JANUARY JUNE 2014

14 Business area IAS Business area Industrial Automation Solutions market offer is based upon easy to use HMIs and automation products

15 Business Area IAS Continued challenging environment in the Nordics (MSEK) Sales by Quarter and Rolling 4Q IAS MSEK Rolling 4Q YTD 2014 YTD /- +/- Order intake % % Sales % % EBITDA % % EBITDA% 8.8% 8.0% 10.0% 9.7% EBIT % % EBIT% 6.0% 5.2% 7.0% 6.9% 32.9 Gain on sale Vehicle EBIT* % % EBIT%* 19.9% 5.2% 13.9% 6.9% 1000 Sales on par with last year, generates a slightly improved profitability Uncertain market in EMEA and Nordics improvements in end of Launch of rugged panels, TxBR, attracts major interest Successful divestment of Vehicle business enables further investments in focus areas Restructuring in Germany completed with desired results Q1 Q3 Q4 Q1 Q3 Q4 Q1 Q3 Q4 Q JANUARY JUNE 2014 *Reported EBIT, including gain on sale Vehicle

16 Business area IDC Area for red header box (8,09x1,26) Area for big/left picture Area for right picture Position from top left corner: Horizontal 0,5 cm Vertical 0,5 cm Position from top right corner: Horizontal 0 cm Vertical 0,5 cm Business area Industrial Data Communication provides a full range of rugged data communication products

17 Business Area IDC Excellent profitability second best quarter ever (MSEK) YTD 2014 YTD /- +/- Order intake % % Sales % % EBITDA % % EBITDA% 18.7% 11.7% 18.7% 13.7% EBIT % % EBIT% 13.1% 5.0% 12.7% 6.9% Very good profitability as a result of strong growth in all markets New record quarter in Westermo Continued success in the Train segment New product launches in the quarter secures our leading market position Sales by Quarter and Rolling 4Q IDC MSEK 150 Rolling 4Q 750 Continued investments in R&D and sales Q1 Q3 Q4 Q1 Q3 Q4 Q1 Q3 Q4 Q JANUARY JUNE 2014

18 Agenda Highlights Financials Summary and Q&A 18

19 Summary Order intake & sales Order intake flat against last year, adjusted for Vehicle divestment Strong sales performance in IDC +25% drives group growth of 6% Operations Vehicle business divested successfully Launch of rugged HMI series TxBR Major product launch in IDC both within Westermo and Korenix Profitability Fourth straight quarter with profitability growth. EBIT up 82% in the quarter* Excellent profitability in IDC, 18.7% EBITDA 19 *Excluding Vehicle divestment

20 20 Q & A

21 Thank you!