GETINGE CAPITAL MARKETS DAY

Slides:

Advertisements

Similar presentations

1 January – December 2006 Observer AB. 2 Highlights January - December 2006 Revenue up 8 % and EBIT* up 16 % Strong growth in integrated services driven.

Advertisements

ACCOUNTING JEOPARDY ACCOUNTING REVIEW DOCSEDA.

FOURTH QUARTER 2012 INTERIM REPORT CEO ARNE MJØS CFO TORUNN HAVRE OSLO, 27TH FEBRUARY 2013.

Commissions, sales tax & profit

Accounting Principles, Eighth Edition

McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Chapter 13 Learning Objectives

Financial Statements Audited Performance in Q Better Than Expected Completion of Flexpol Disposal Warsaw, April 2004.

Name: Date: Read temperatures on a thermometer Independent / Some adult support / A lot of adult support

Click to edit Master subhead text styles Click Master title style 1June 2011 Click to edit Master text styles Second level Third level Fourth level Fifth.

Ch. 2 - Understanding Financial Statements, Taxes, and Cash Flows, Prentice Hall, Inc.

STATEMENT OF CASH FLOWS

© 2007 The McGraw-Hill Companies, Inc. McGraw-Hill/Irwin The Statement of Cash Flows Revisited 21.

UBS – 2006 Global Real Estate Conference Delivering Value Across Europe Robert Watson CEO.

Interim report January – June 2009 Hans Gieskes, CEO and Erik Forsberg, CFO July 23, 2009.

Year-end report January – December 2008 Hans Gieskes, CEO and Erik Forsberg, CFO February 11, 2009.

/4/2010 Box and Whisker Plots Objective: Learn how to read and draw box and whisker plots Starter: Order these numbers.

The Baltic States: Recovery, Outlook, and Challenges Economic Crossroads: From Recovery to Sustainable Development in the Baltic States and the EU Riga,

£1 Million £500,000 £250,000 £125,000 £64,000 £32,000 £16,000 £8,000 £4,000 £2,000 £1,000 £500 £300 £200 £100 Welcome.

Welcome to Who Wants to be a Millionaire

Preparation for the final exam

Half Year Presentation 7 February This presentation relates to the Freightways Limited NZX announcement and media release of 7 February As.

Inventories and Cost of Goods Sold

COST-VOLUME-PROFIT (CVP) ANALYSIS

Electronic Presentations in Microsoft® PowerPoint®

ACC 3200 Chapter 3: Process Costing Process Costing.

Job Order and Process Costing

Providing and Obtaining Credit

SB 192 – Oil and Gas Production Tax Rate/Credit Sponsored by Senator Bert Stedman Senate Resources April 9, 2014 SB 192 Senate Resources Presentation by.

Introduction to Cost Behavior and Cost-Volume Relationships

Cost-Volume-Profit Relationships

MCQ Chapter 07.

Measuring the Economy’s Performance

Merchandise Inventory,

Merchandise Inventory,

1 CHAPTER 7 Cost of Goods Sold & Inventory. 2 Key Terms Inventory (beginning, ending) Cost of goods sold (COGS) Inventory cost flow assumptions Lower.

ACCOUNTING FOR INCOME TAXES

Financial Planning and Forecasting Financial Statements

$424$ Financial Planning and Control Financial Planning

Earnings per Share.

Chapter Outline Tracing Cash and Net Working Capital

CF Winter Questions 1. What cash flows should I consider? 2. How does the market set r ? 3. How should I set r ?

Workshop: A Review of Financial Statements with Analysis

Planning for Profit and Cost Control

2. February 2004 Copyright Ossur Össur hf. Financial overview 2003.

Chapter 4: Financial Statement Analysis

1 CHAPTER 9 The Cost of Capital. 2 Topics in Chapter Cost of capital components Debt Preferred stock Common equity WACC We ignore flotation cost in this.

30th October 2014 Alumetal Group Q financial results.

Managing Economic Exposure And Translation Exposure 12 Chapter South-Western/Thomson Learning © 2003.

Operations Management: Financial Dimensions

Reporting and Analyzing Cash Flows

Fundamentals of Cost Analysis for Decision Making

Partial Products. Category 1 1 x 3-digit problems.

CHAPTER 13 Capital Structure and Leverage

Copyright © 2009 The McGraw-Hill Companies, Inc., All Rights Reserved. McGraw-Hill/Irwin.

PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA Copyright.

April 28, Atlas Copco Group Q1 Results April 28, 2010.

Atlas Copco Group Q2 Results July 16, Contents  Q2 business highlights  Market development  Business areas  Financials  Outlook 2 July 16,

July 17, 2009, Atlas Copco Group Q2 Results July 17, 2009.

AGENDA  Cash flow  Balance sheet items  Currency effects  Quarterly earnings GETINGE GROUP.

The name the world builds on 1 Interim Management Statement for the nine months ended 30 April May 2008 This presentation contains certain forward-looking.

Atlas Copco Group Q3 Results October 22, Q3 - highlights  Strong order growth –Sequentially higher volumes in all regions and in most customer.

GETINGE GROUP Interim report January – March April 2012 Johan Malmquist, CEO Ulf Grunander, CFO.

BUSINESS AREA INFECTION CONTROL HEALTHCARE GETINGE GROUP A G E N D A  Cash flow  Balance sheet items  Currency effects.

GETINGE GROUP Year end report January – December January 2012 Johan Malmquist, CEO Ulf Grunander, CFO.

Atlas Copco Group Q2 Results July 17, Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook.

Telephone conference July 13th Page 2 CEO comment to the half-year report ”During the first half of the year we achieved results before restructuring.

Atlas Copco Group Q3 Results October 23, Contents  Q3 Business Highlights  Market Development  Business Areas  Financials  Outlook.

Atlas Copco Group Q3 Results October 22, 2010.

GETINGE GROUP Year end report January – December January 2012

Presentation transcript:

GETINGE CAPITAL MARKETS DAY Ulf Grunander, CFO Boston 31st of January, 2012

Strong operating cash flow in Q4 Cash conversion target achieved Continued reduction in average Working Capital 2

Cash conversion in target range 3

Key Operating Cash Flow drivers Active product portfolio management and shift in product mix Manufacturing consolidation and successful lean projects in Operations positively impacting inventory & Accounts Payable Successful logistics programs Improved inventory efficiency in Service and Installation Order to Cash projects reducing Accounts Receivable, DSO and external financial lead times Increased activities across all Business Areas in Accounts Receivable collection 4

Operating cash flow (MSEK) Comments Solid cash flow development in Q4 2011 +31,2% vs. Q4 LY Sales growth of 10,7% in Q4 2011 vs. Q4 LY Strong profit performance in Q4 2011 EBITDA + 20% vs. Q4 LY 5

Working Capital Development Average WCap (bars) MSEK WCap Days (line) Days Comments Continued Working Capital progress despite challenging environment Working Capital development [SEK] : Inventory: -120 m A/R: -130 m A/P: - 30 m Total -220 m Committed efforts in 2012 to render further Working Capital improvements in 300 – 400 MSEK range * Growth adjusted

Capital Expenditure (Capex) 3.2% 3.5% 4.0% 3.0% 3.5% 915 766 667 659 521 Gross Net 7

Net debt MSEK 2011 2010 Net Debt 17 109 13 377 Change in Net Debt currency adjusted/acquisition -970 - 1 776 Net Debt / EBITDA 3.10 2.53 Net gearing 1.17 1.01 8

Interest bearing financial liabilities as of December 31, 2011 millions Local currency MSEK Interest Rate Average Interest Rate 2011 Actual Forecast 2012 weighted USD 1 570 10 869 EUR 368 3 292 CAD 50 339 SEK 1 553 GBP 40 427 Other 209 Total 16 689 3,2% 3,2-3,4% 9

Getinge Average Interest Rate Debt Portfolio 2009-2012 MSEK 2009 2010 2011 2012 Estimate Average Interest Rate 3,10% 3,40% 3,20% 3,2-3,4% Hedge ratio fixed vs floatir 80% 75%

Maturity of debts Lender/Facility 2012 2013 2014 2015 2016 2017 2018 US Private placement 50 MUSD Commercial Paper Back-stop Facility SEB, Danske, SHB & Nordea 2 000 MSEK Term loan Mediobanca 150 MEUR Syndicated Credit Facility with 10 banks 1 200 MEUR Nordic Investment Bank 500 MSEK European Investment Bank 53.4 MEUR Atrium Acquisition Bridge Facility, Danske Bank 230 MUSD Bond Loan, Swedish Export Credit 70 MUSD Nov Nov October July July July June June May Nov December

Group currency effects 2011 – 2012 Estimates 2012 Actual 2011 USD 6.85 6.50 EUR 8.80 9.03 GBP 10.55 10.40 JPY 8.95 8.15 Translation +45 -250 Hedging +10 +300 Financial net -10 +30 Total +80 12

Currency effects per Business Area 2011 – 2012 Medical Systems Est 2012 Act 2011 Extended Care Infection Control Translation 22 -135 10 -83 13 -32 Hedging 3 156 58 4 86 Total 25 21 -25 17 54 13

Net currency effects 2012 per major profit and loss line MSEK Gross profit 210 EBITA before restructuring 80 EBIT 55 Profit before tax 45 14

Currency exposure 2012 Currency rates used for group estimates 2012 USD 6.85 EUR 8.80 GBP 10.55 JPY 8.95 Currency exposure at 5% change in currency rates, MSEK +/- 70 +/- 45 +/- 30 +/- 5 Net remaining currency exposure volumes in 2012, million USD 210 EUR 100 GBP 60 JPY 1 300 15

Tax rate Estimate 2012 Actual 2011 2010 Tax rate 26.0% 26.3% 26.8% Estimate 2012 Actual 2011 2010 Tax rate 26.0% 26.3% 26.8% Tax charge (MSEK) 907 836 Paid tax (MSEK) 826 596 16

QUESTIONS