Transcript KCI Konecranes in Short

z WWW.KONECRANES.COM
Half Year Results 2002
13 August, 2002
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www.kcigroup.com
Q2/2002 results 13.8.2002
Investor Relations

Stig Gustavson, President & CEO, tel.+358-20-427 2000,
[email protected]

Teuvo Rintamäki, Chief Financial Officer, tel.+358-20-427 2040,
[email protected]
z WWW.KONECRANES.COM

Matti Ruotsala, Chief Operating Officer, tel.+358-20-427 2007,
[email protected]

Franciska Janzon, IR, tel.+358-20-427 2043,
[email protected]
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www.kcigroup.com
Q2/2002 results 13.8.2002
Sales* by Business Area
LTM**
1-12/01
Special Cranes
227.3 MEUR
27 %
Special Cranes
227.3 MEUR
28 %
Maintenance
Services
369.3 MEUR
45 %
z
Maintenance
Services
WWW.KONECRANES.COM
365.2 MEUR
44 %
Standard Lifting
Equipment
224.3 MEUR
27 %
Total Sales
744.7 MEUR
Standard Lifting
Equipment
244.9 MEUR
29 %
Total Sales
756.3 MEUR
* Including internal sales
**LTM = last 12 months
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Q2/2002 results 13.8.2002
Order Intake * by Business Area
LTM
1-12/01
Special Cranes
191.1 MEUR
27 %
Special Cranes
209.6 MEUR
28 %
Maintenance
Services
307.2 MEUR
41 %
z WWW.KONECRANES.COM
Maintenance
Services
306.4 MEUR
43 %
Standard Lifting
Equipment
208.8 MEUR
30 %
Total Order Intake
636.1 MEUR
Standard Lifting
Equipment
229.2 MEUR
31 %
Total Order Intake
679.1 MEUR
* Including internal order intake;
excluding service contract base
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Q2/2002 results 13.8.2002
Operating Income * by Business Area
LTM
1-12 /01
Special Cranes
17.2 MEUR
26 %
Maintenance
Services
24.7 MEUR
38 %
Special Cranes
17.1 MEUR
24 %
Maintenance
Services
24.1 MEUR
34 %
z WWW.KONECRANES.COM
Standard Lifting
Equipment
23.9 MEUR
36 %
Total Operating income
47.8 MEUR
Standard Lifting
Equipment
29.2 MEUR
42 %
Total Operating income
55.3 MEUR
* before group costs and consolidation items
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Q2/2002 results 13.8.2002
Maintenance Services - Sales
350
Q4
Q3
Q2
Q1
300
200
150
z WWW.KONECRANES.COM
100
50
0
19
97
19
98
19
99
20
00
20
01
20
02
EUR million
250
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Q2/2002 results 13.8.2002
Maintenance Services - Order Intake*
350
Q4
Q3
Q2
Q1
300
200
150
z WWW.KONECRANES.COM
100
50
*Including internal order intake,
excluding service contract base
0
19
97
19
98
19
99
20
00
20
01
20
02
EUR million
250
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Q2/2002 results 13.8.2002
Maintenance Services - Operating Income*
30
Q4
Q3
Q2
Q1
20
15
z WWW.KONECRANES.COM
10
5
* Before Group Costs and
Consolidation Items
0
19
97
19
98
19
99
20
00
20
01
20
02
EUR million
25
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Q2/2002 results 13.8.2002
Maintenance Services - Operating Income/Sales
Maintenance Services - Sales
Operating Income*
300
12
250
10
200
5.2 %
5.5 %
150
100
8
6
169.7
173.8
4
OI %
500
EUR million
EUR million
OI %
12
6.8%
400
6.7 %
10
8
z WWW.KONECRANES.COM
300
6
200
367.1
369.3
4
50
2
100
2
0
0
0
0
1-6/01
1-6/02
LTM/01
LTM/02
* Before Group Costs and Consolidation Items
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Q2/2002 results 13.8.2002
Standard Lifting Equipment - Sales
300
Q4
Q3
Q2
Q1
EUR million
250
200
150
z WWW.KONECRANES.COM
100
50
0
7 98 99 00 01 02
9
19 19 19 20 20 20
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Q2/2002 results 13.8.2002
Standard Lifting Equipment - Order Intake*
300
Q4
Q3
Q2
Q1
200
150
z WWW.KONECRANES.COM
100
50
*Including internal order intake
0
19
97
19
98
19
99
20
00
20
01
20
02
EUR million
250
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Q2/2002 results 13.8.2002
Standard Lifting Equipment - Operating Income*
30
Q4
Q3
Q2
Q1
20
15
z WWW.KONECRANES.COM
10
5
* Before Group Costs and
Consolidation Items
0
19
97
19
98
19
99
20
00
20
01
20
02
EUR million
25
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Q2/2002 results 13.8.2002
Standard Lifting Equipment - Operating Income/Sales
Standard Lifting - Sales
Operating Income*
OI %
OI %
200
400
14
11.2 %
100
12.1 %
117.4
9.2 %
96.8
300
10
8 z WWW.KONECRANES.COM258.9
200
6
4
50
EUR million
EUR million
12
150
14
10.7 %
10
224.3
6
4
2
0
0
0
1-6/01
8
100
2
0
12
LTM/01
1-6/02
LTM/02
* Before Group Costs and Consolidation Items
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Q2/2002 results 13.8.2002
Special Cranes - Sales
250
Q4
Q3
Q2
Q1
150
100
z WWW.KONECRANES.COM
50
0
19
97
19
98
19
99
20
00
20
01
20
02
EUR million
200
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Q2/2002 results 13.8.2002
Special Cranes - Order Intake*
300
Q4
Q3
Q2
Q1
250
150
z WWW.KONECRANES.COM
100
50
*Including internal order intake
0
19
97
19
98
19
99
20
00
20
01
20
02
EUR million
200
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Q2/2002 results 13.8.2002
Special Cranes - Operating Income*
20
Q4
Q3
Q2
Q1
10
z WWW.KONECRANES.COM
5
* Before Group Costs and
Consolidation Items
0
19
97
19
98
19
99
20
00
20
01
20
02
EUR million
15
-5
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Q2/2002 results 13.8.2002
Special Cranes - Operating Income/Sales
Special Cranes Sales
Operating Income*
OI %
10
120
400
12
6.8 %
106.6
6.9 %
8
106.6
6
60
4
2
0
EUR million
EUR million
180
OI %
300
8.6 %
10
7.6 %
z WWW.KONECRANES.COM
200
229.6
227.3
4
2
0
1-6/02
8
6
100
0
1-6/01
12
0
LTM/01
LTM/02
* Before Group Costs and Consolidation Items
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Q2/2002 results 13.8.2002
Group Consolidated - Operating Income/Sales
Group Sales
Group Operating Income
OI %
OI%
5.8 %
3.8 %
300
200
358.4
346.8
100
0
1-6/01
1-6/02
900
7.3 %
8
7
6
600
5 z WWW.KONECRANES.COM770.3
4
3
300
2
1
0
0
LTM/01
EUR million
EUR million
400
8
6.4 %
6
744.7
4
2
0
LTM/02
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Q2/2002 results 13.8.2002
Group Consolidated - Net Income
15
23.4
EUR million
21.8
36.0
13.4
1035.3
z WWW.KONECRANES.COM
8.6
19.3
5
9.1
0
1-6/01
1-6/02
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Q2/2002 results 13.8.2002
Group Consolidated - Return on Capital Employed
24.8 %
24
24
19.2 %
20
16
20.0%
12.6 %
12
8
ROCE%
ROCE%
20
21.1 %
z WWW.KONECRANES.COM
16
12
8
4
4
0
0
1-6/01
1-6/02
LTM/01
LTM/02
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Q2/2002 results 13.8.2002
Sales by Market*
LTM
1-12/01
Nordic and
Eastern Europe
197.0 MEUR
26 %
Americas
257.6 MEUR
35 %
Americas
277.4 MEUR
37 %
Nordic and
Eastern Europe
183.4 MEUR
24 %
z WWW.KONECRANES.COM
EU
(without Nordic)
214.8 MEUR
29 %
Asia-Pacific
75.4 MEUR
10 %
EU
(without Nordic)
213.6 MEUR
28 %
Asia-Pacific
81.9 MEUR
11 %
Total Sales
744.8 EURm
Total Sales
756.3 EURm
*Including internal sales
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Q2/2002 results 13.8.2002
Sales by Market 1995- Q2/2002
300
250
EUR million
200
150
z WWW.KONECRANES.COM
100
50
0
1995
1996
Americas
1997
Asia-Pacific
1998
1999
2000
EU (without Nordic)
2001
Q2/01
Q1/02
Nordic & Eastern Europe
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Q2/2002 results 13.8.2002
Sales by Industry
LTM*/2002
1-12/2001
Petrochemical
Petrochemical
Automotive 4 % 3 % Construction
Automotive 4 % 3 % Construction
2%
2%
General
Pulp and Paper
Pulp and
General
Manufacturing
9%
Paper 8 %
Manufacturing
23 %
22 %
Power
Power Plants
Plants
6%
Steel & other
7 % z WWW.KONECRANES.COM
Steel & other
warehousing
warehousing
Resellers
Resellers
3%
3%
6%
7%
Transport,
Transport,
OEM
Shipping
Shipping 2 %
OEM
Crane
1%
Crane
Builders
Builders 6 %
Shipyards 7 %
Shipyards 9%
7%
Primary
Metals 10 %
Primary Metals
Harbours 12 %
Harbours 10 %
Others 6 %
10 %
Others
1%
1%
6%
Refuse
Refuse
Handling
Handling
*LTM = last 12 months
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Q2/2002 results 13.8.2002
Financial Key Figures
EUR million
1-6/02
Sales
EBITA
Operating Income (EBIT)
Income before taxes
Net Income
Return on capital employed (%)
Investments
Balance Sheet
Net interest Bearing debts
Gearing (%)
Personnel at end of period
% of
Sales
% of
1-6/01 Sales
346.8
358.4
15.1
4.4
22.9
13.3
3.8
20.7
12.7
3.7
19.6
8.6
2.5
13.4
z WWW.KONECRANES.COM
12.6
19.2
8.0
6.2
419.9
452.3
59.4
80.0
35.4
52.9
4372
4449
6.4
5.8
5.5
3.7
% of
1-12/01 Sales
756.3
59.4
55.3
52.4
35.3
24.3
11.3
455.9
50.1
28.9
4401
7.9
7.3
6.9
4.7
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Q2/2002 results 13.8.2002
Statement of Income
EUR million
Sales
Share of result of
participating interest
undertakings
Depreciation
Other operating
expenses
Operating income
Interests, net
Other financial income
and expenses
Income before taxes
Taxes
Net income for the
period
1-6/2002
346.8
1-6/2001
358.4
1-12/2001
756.3
-0.2
-8.4
-0.3
-16.0
-329.1
-325.4
20.7
13.3
z WWW.KONECRANES.COM
-1.7
-1.1
-684.7
55.3
-3.4
0.5
12.7
-4.1
0.6
19.6
-6.2
0.6
52.4
-17.1
8.6
13.4
35.3
-0.1
-8.0
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Q2/2002 results 13.8.2002
Consolidated Balance Sheet
EUR million
Non-current assets
Inventories
Receivables
Liquid assets and
short-term invest
Total assets
6/2002
99.6
82.2
227.8
6/2001
103.6
114.0
224.2
10.3
10.5
419.9
452.3
12/2001
99.0 Equity
90.8 Minority share
249.3 Provisions
Long-term debt
16.8 Current liabilities
z WWW.KONECRANES.COM
Total shareholders’
455.9 equity and liabilities
6/2002
175.0
0.1
11.2
42.2
191.4
6/2001
158.7
0.1
15.3
40.5
237.7
12/2001
180.2
0.1
12.9
56.0
206.7
419.9
452.3
455.9
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Q2/2002 results 13.8.2002