Kein Folientitel

Rosenbauer Group
Results of the first quarter 2014
May 2014
Company profile
■ Leading manufacturer of fire fighting vehicles in the fire protection
and civil defense sector
■ Full-liner – covering any needs of the fire services
■ World’s largest exporter of fire fighting vehicles
■ Largest sales and service organization in the fire industry
■ Production facilities on three continents (Europe, North America, Asia)
■ Production according to DIN and NFPA (US) standards
■ World’s largest provider of specialty vehicles for airports and industry
■ Industry’s leader in technology and innovation
► Mission statement: The fire departments are our core customers!
Page 2
Production facilities and sales companies
Karlsruhe / Germany
Luckenwalde / Germany
Leonding / Austria
Traun / Austria
Neidling / Austria
Oberglatt / Switzerland
Radgona / Slovenia
Chambery / France
Moscow / Russia
Holmfirth / UK
Madrid / Spain
Linares / Spain
Singapore
Brunei
Rosenbauer America
Lyons / SD
Fremont / NB
Wyoming / MN
Dammam / Saudi Arabia
Riyadh / Saudi Arabia
Jeddah / Saudi Arabia
Production
Sale /Service
Halfway House / South Africa
Page 3
Full-liner
Vehicles
Aerials
Components
70% revenues
10% revenues
3% revenues
Equipment
Service
Business
Development
11% revenues
5% revenues
1% revenues
As at 2013
Page 4
Fire fighting vehicle market
■
Worldwide volume € 3,061 million (2011: € 2,800 million) p.a.
■ 16,000 vehicles (2011: 15,000) p. a.
■
Most purchasers are public sector clients
■
Rosenbauer worldwide No. 1
■ Worldwide market share 19.2% (2011: 18.6%)
Ranking of fire fighting vehicle manufacturers (revenues in € million)
Rosenbauer Group / Austria
Pierce Oshkosh / USA
Morita Corp / Japan
IVECO-Gruppe / Germany
E-One / USA
Ziegler Gruppe / Germany*
KME / USA
GIMAEX Group / France
Bronto / Finland
Ferrara Fire / USA
0
100
200
300
400
500
600
700
800
* Since 11/2013: new owner CIMC / China
Source: Latest annual financial statements / Rosenbauer estimates /UNO statistics 2012 (as at April 2014)
Page 5
Group revenues and EBIT(in € million)
800
Revenues
700
737.9
EBIT
70
645.1
595.7
600
541.8
60
541.6
500.3
500
80
50
426.1
400
300
49.7
372.0
299.4
41.6
321.3
39.9
42.3
40
38.6
30
30.8
29.4
25.1
200
20
19.6
100
10
13.7
0
0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Page 6
Investments and Depreciation (in € million)
► Increasing capital investments in production capacity
25.4
15.8
14.7
11.5
9.3
8.9
6.5
2009
8.1
7.3
2010
10.2
2011
Investments
2012
2013
Depreciation
Page 7
Financal data 1-3/2014
Revenues and EBIT (in € million)
200
20
Revenues
EBIT
154,8
150
114,2
147,9
15
115,6
107,3
100
10
8,1
6,9
50
5
4,7
3,7
3,7
0
EBIT margin
0
1-3/2010
1-3/2011
1-3/2012
1-3/2013
7,1%
6,5%
3,2 %
2.4%
1-3/2014
3,2%
Page 9
Revenues and EBIT quarterly (in € million)
250
25
220,6
214,8
200
183,7
155,1
159,5
18,2
20
178,8
154,8
147,9
150
15
14,3
115,6
13,1
100
10
11,2
8,0
8,7
50
5
4,7
3,7
3,7
0
Revenues
Q1/14
Q4/13
Q3/13
Q2/13
Q1/13
Q4/12
Q3/12
Q2/12
Q1/12
0
EBIT
Page 10
Q1 Financial data
in € million
Revenues
1-3/2014
1-3/2013
 in %
147.9
154.8
(4%)
4.7
3.7
+27%
3.2%
2.4%
-
5.0
3.4
+47%
Order backlog as at March 31
607.5
707.0
(14%)
Order intake
139.1
274.8
(49%)
Employees as at March 31
2,692
2,456
+10%
EBIT
EBIT margin
EBT
Page 11
Key balance sheet data
March 31, 2014
Dec 31, 2013
March 31, 2013
499.6
462.3
393.0
38.2%
35.7%
38.3%
Capital employed (ø)
318.4
309.3
259.7
ROCE
1.5%
1.2%
1.4%
ROE
2.6%
2.0%
3.1%
Net debt
131.6
130.7
95.8
69.0%
79.2%
63.7%
in € million
Total assets
Equity in % of total assets
Gearing ratio
Page 12
Order intake / backlog (in € million)
Order intake
1-3/2014
274,8
1-3/2012
1-3/2010
31.03.2014
139,1
1-3/2013
1-3/2011
Order backlog as at March 31
154,7
125,6
116,4
607,5
31.03.2013
707,0
31.03.2012
31.03.2011
31.03.2010
734,2
431,5
500,0
Page 13
Number of employees (March 31)
► Additionally, Rosenbauer employs 274 Leasing employees.
31.03.2014
31.03.2013
31.03.2012
1,030
31.03.2011
984
31.03.2010
518
910
Austria
USA
82
482
475
Germany
84
2.692
2.456
2.195
88
527
548
528
150
553
628
1,117
218
582
679
1,209
2.076
1.987
Rest of the world
Page 14
Rosenbauer share 2013
1-3/2014
Investor
FR
5%
Free
float
44%
BVG *
51%
1-3/2013
Highest share price
in €
69.7
54.8
Lowest share price
in €
57,9
45.0
Closing price
in €
67.6
52.5
Capitalization
in € mill.
459.7
357.0
70,0
65,0
60,0
55,0
50,0
Jan
Feb
Rosenbauer EURO
Mrz
ATXPrime indexed/indiziert
* Rosenbauer Beteiligungsverwaltung GmbH
Page 15
Outlook
Outlook
■ Steady development expected in fire equipment sector
■ Europe at multi-year average level, but with intense price competition
■ Continued recovery in US market
■ Good outlook for international project business
■ Boosting technological leadership
■ Knowledge management works as a think-tank to monitor future trends
■ Preparations for Interschutz 2015 fire equipment tradeshow are in top gear
■ Full order books assure good capacity utilization
■ Consolidation after record year
■ Revenues at same high level as last year’s
■ Focus on improving earnings quality (EBIT margin 6 – 7 %) and working capital
Page 17
Thank you!
Rosenbauer International AG
4060 Leonding, Paschinger Str. 90, Austria
Phone: +43 732 6794-0, Fax: +43 732 6794-89
[email protected]
www.rosenbauer.com
Disclaimer
This presentation has been prepared by Rosenbauer International AG for
information purposes only. Maximum care has been taken to ensure that
the information contained herein is not untrue, however, Rosenbauer
International AG does not assume any responsibility for its complete
accuracy or correctness.
This presentation may not be reproduced, transmitted or distributed (in
whole or in part) by any other person. Unless otherwise stated, all views
(including statements and forecasts) are solely those of Rosenbauer
International AG and are subject to change without notice.
This presentation is aimed solely at investment professionals who are
expected to make their own investment decisions without placing undue
reliance on the information interpreted by Rosenbauer International AG,
which under no circumstance accepts any responsibility for
consequences arising from the use of this report.
This document does not constitute an offer or invitation to subscribe for or
purchase any securities and neither this document nor anything contained
herein shall form the basis of any contract or commitment whatsoever.
Page 19

Download Report