Investor Presentation
|
|
- Dina Richardson
- 6 years ago
- Views:
Transcription
1 SolarWorld AG Investor Relations April 2016 Investor Presentation SolarWorld AG
2 Disclaimer This presentation may contain forward-looking statements that are subject to risks and uncertainties, many of which relate to factors that are beyond SolarWorld s control or its ability to precisely estimate, such as future market and economic development, supply and demand, the behavior of other market participants, the ability to successfully achieve anticipated synergies and the actions of government regulators. SolarWorld AG has based these forward-looking statements on its views and assumptions with respect to future events and financial performance. Actual financial performance could differ materially from the projected in the forward-looking estimates, forecasts and projections; financial performance may be better or worse than anticipated. Given these uncertainties, readers are cautioned not to place undue reliance on any forwardlooking statements. The information contained in this presentation is subject to change without notice and SolarWorld AG does not undertake any duty to update the forward-looking statements, or publicly release any revisions to these forward-looking statements and the estimates and assumptions associated with them, except to the extent by applicable laws and regulations. 2
3 SolarWorld investor presentation Agenda Overview Business model Product portfolio Current business situation Market environment Forecast Stock and bonds 3
4 OVERVIEW 4
5 SolarWorld at a glance Location Established/ IPO Market position Nameplate capacities Headquarters in Bonn/Germany Production in Freiberg/Germany, Arnstadt/Germany and in Hillsboro/U.S. Sales offices in Germany, U.S., France, Italy, UK, South Africa, Singapore and Japan Established in 1998 IPO in 1999 (Düsseldorf Stock Exchange) Global producer of quality crystalline solar solutions with a strong brand Leading manufacturer of PERC technology worldwide Vertically integrated production in Germany and the U.S. Broad customer base in quality segment (B2B partner installer networks in Europe and the U.S.) 1,500 MW ingots 1,000 MW wafers 1,500 MW cells 1,500 MW modules Shipments Shipments 2015: 1,159 MW + 33% vs 2014 U.S.: 47% Europe ex GER: 26% Germany: 19% ROW: 7% Employees 2,932 employees (as at Dec 31, 2015) 5
6 Key drivers Growth potential in the quality segment of global solar markets 2016 return to operating profitability Well positioned in all key growth markets (except China) Further cost-saving potential Integrated production across the value chain combined with broad international distribution network Growth Profitability Economies of scales and higher utilization rates R&D activities High brand awareness Trendsetter for quality solutions Technology leader in PERC Authentic focus on sustainability Last major Western solar panels manufacturer with production facilities in Germany and the U.S. Value Risk management Broad regional market diversification and wide customer base Group financed until 2019 Strategic investors Qatar Solar S.P.C. and CEO Frank Asbeck 6
7 Management Board Dr.-Ing. E. h. Frank Asbeck (CEO) Founder and Chief Executive Officer (since 1998) Over 20 years of corporate experience in the solar industry Anchor shareholder, currently owns about 20 percent of shares Philipp Koecke (CFO) Chief Financial Officer (since 2003) Accompanied organic growth and M&A activities Implementation of financial restructuring Frank Henn (CSO) Chief Sales Officer (since 2004) Pushed forward internationalization of sales Established international network of installers and wholesalers Colette Rückert-Hennen (CIBPO) Chief IT, Brand and Personnel Officer (since 2011) Initiated and implemented restructuring measures in the organization Increased brand strength with the REAL VALUE claim Jürgen Stein (CPO) Chief Product Officer (since 2014), previously Head of Purchasing (from 2011) Strategic development of global purchasing Longstanding experience in purchasing, particularly in Asia and the electric industry 7
8 Employee representatives Shareholder representatives Supervisory Board Dr. Georg Gansen (Chairman) attorney-at-law, corporate legal counsel at Deutsche Post AG Dr. Khalid Klefeekh Al Hajri chairman and CEO of Qatar Solar Technologies Q.S.C. Faisal M. Alsuwaidi president of R&D at Qatar Foundation for Education, Science and Community Development Heiner Eichermüller senior business consultant Dr. Andreas Pleßke attorney-at-law, member of the Management Board (CRO) Koenig & Bauer AG Jürgen Wild managing director of RAG-Stiftung Beteiligungsgesellschaft mbh Gerald Voigt (Deputy Chairman) district manager at trade union IG BCE, district Dresden/Chemnitz Albrecht Handke press and public relations and member of the works council of SolarWorld Industries Sachsen GmbH Wolfgang Lemb executive member of the Management Board of IG Metall Dr. Ute Mareck manager of technology and process at SolarWorld Industries Sachsen GmbH Alexander Richter member of the works council of SolarWorld Industries Sachsen GmbH and member of the group works council of SolarWorld AG Olaf Zirr team manager QHSE and deputy chairman of the works council of SolarWorld Industries Thüringen GmbH 8
9 SolarWorld AG - Chronic 2016 Return to operating profitability 2014 Successful closing of the financial restructuring process; takeover of Bosch s solar cell and module production facility in Arnstadt, Germany 2013 Need for financial restructuring as a result of the solar industry crisis 2010 Establishment of a joint venture with Qatari partners to produce poly-silicon 2009 Passing the billion-euro revenue mark; development of an international brand awareness 2008 Start of production at new U.S. integrated facility in Hillsboro, U.S Takeover of the Shell Group s crystalline solar activities with production in the U.S. and distribution in the U.S., Singapore and South Africa; start of internationalization 2003 Admission of the stock to the regulated market of the Frankfurt Stock Exchange; listing in the Prime Standard segment 2000 Takeover of the Bayer Group s wafer production facility in Freiberg, Germany First step into becoming a vertically integrated solar manufacturer 1999 IPO open market at the Dusseldorf Stock Exchange Start of own manufacturing through acquisition of Swedish module manufacturer Gällivare Photovoltaik (GPV) 1998 Founding of SolarWorld AG in Bonn 9
10 SolarWorld locations worldwide 10
11 BUSINESS MODEL 11
12 SolarWorld business model Business model Production of high quality crystalline solar energy solutions Vertically integrated solar manufacturer across all steps of the value chain Worldwide sales of solar modules and systems Sales of solar wafers and cells to solar industry International Distribution Network Close proximity to all relevant markets through local sales offices Distribution through specialist and wholesale trade as well as through installers as intermediaries to end-customers B2B partner network (specialist partner networks) in Europe and the U.S. Spread of risks across a wide customer base 12
13 Production capacities in MW Freiberg Arnstadt Hillsboro Module ,500 MW Freiberg Arnstadt Hillsboro Cell ,500 MW Freiberg Wafer ,000 MW Freiberg Arnstadt Hillsboro Ingot ,500 MW multicrystalline monocrystalline Freiberg (Germany) Freiberg reserve Arnstadt (Germany) Arnstadt expansion Hillsboro (U.S.) Hillsboro expansion 13
14 three-tier distribution two-tier distribution SolarWorld distribution structure SolarWorld Wholesalers Installers Installers Consumer Consumer residential/commercial commercial/utility 14
15 PRODUCT PORTFOLIO 15
16 SolarWorld product portfolio Solar wafers & cells Modules Solar kits Storage solutions Energy Management Turnkey projects 16
17 SolarWorld bifacial modules Product benefits Up to 25 % more yield with innovative bifacial technology Higher returns with shorter amortization time Extremely long lifespan through the use of glass on the front and rear sides of the module 30-year linear performance guarantee at least % output after 30 years 17
18 SolarWorld energy management and storage High-performance, reliable and safe lithiumiron phosphate battery Fits every solar power system, regardless of size and can be added to existing PV systems Modularly expandable storage capacity (2-10kWh) 10,000 charge and discharge cycles (= a service life of about 20 years) Eligible for KfW-funding program Very easy installation (plug and play) 10 year product warranty Energy management system for smart energy distribution of solar power at home Easy installation in the house fuse box Intuitive operation by MyHome App Enables increase of self-consumption lower electricity costs Dynamic yield forecast and recommendations 18
19 CURRENT BUSINESS SITUATION 19
20 Shipments and revenue development Y-o-Y + 33% 1, % Shipments in MW Revenue in m 20
21 Development of shipments by quarter Shipments in MW 2014 Q Q Q Q modules & kits ,108 wafers & cells Total shipments in MW
22 Shipment breakdown by region Modules and kits shipped in MW 1, % RoW 6% U.S. 49% 351 Europe ex GER 27% 303 Germany 18%
23 SolarWorld group indicators Selected financial indicators in m Total shipments (in MW) 873 1,159 Revenue EBITDA 1.6* 40.8 EBIT -43.8* -4.2 Group net result 464.2** Equity Equity ratio 26.1% 24.0% Net indebtedness Cash and cash equivalents *Adjusted for badwill Bosch ( million) and impairment losses due to silicon contract renegotiations ( 30.3 million); including these one-off effects, EBITDA in 2014 amounted to million and EBIT to 62.4 million. ** Including one-off effects mentioned above and restructuring profit ( 555.7m) 23
24 Other operating income & expenses -176 m 103 m 45 Others Reversal of provision & liabilities Grants for research & development Reversal accrued investment grants Gains from currency translation Others Outside staff expenses Selling expenses Maintenances expenses Legal & consultant fees Marketing expenses Travel expenses Losses currency translation Income other trade business 29 Expenses other trade business 28 Other operating income Other operating expenses 24
25 Financial result/repayments 2015 Interest Expenses banks Interest Expenses Qatar Interest Expenses others Expenses at equity Others Total Repayments
26 Balance Sheet December 31, 2015 Assets in m in m Equity & Liabilities Non-current assets 367 Shareholders equity 209 Equity ratio 24% Current liabilities 214 Inventories 172 Non-current liabilities Other current assets Cash m debt
27 Short- and long-term financial liabilities 407 m Bonds Notes Qatar Bank loans/others 349 m m 22 m Dec 31, 2015 Repayment Feb 2016 Repayment April 2016 Repayment
28 Working Capital m Q Q Q Q Q Inventories without advanced payments Working Capital Net trade accounts receivable/payable 28
29 Investments m 12 m 14 m module/ cell 51 m technology investments cell/ wafer SAP 4 m cell/ wafer 3 m SolarWorld Group SolarWorld Industries Thüringen SolarWorld America America SolarWorld Industries Sachsen Others 29
30 MARKET ENVIRONMENT 30
31 Development of annual global PV installations New installations in GW +18.7% CAGR 2015e 2020e e 2016e 2017e 2018e 2019e 2020e Source: GTM Research, Jan
32 U.S. market development Expected U.S. demand in GW CAGR U.S. total +7.8% residential +14.3% commercial +17.0% utility +1.0% e 2016e 2017e 2018e 2019e 2020e 2021e Utility Commercial Residential Source: Bloomberg New Energy Finance Q PV Market Outlook, Feb
33 European market development 20 Expected demand in Europe in GW % CAGR high scenario % CAGR medium scenario 5 flat low scenario e 2016e 2017e 2018e 2019e historical installations low scenario medium scenario high scenario Source: Solar Power Europe, Global Market Outlook , June 2015 Key PV markets in Europe: Germany France UK Italy 33
34 FORECAST
35 SolarWorld Milestones 2016 Shipments increase by more than 20% vs Revenue increase by more than 20% vs EBIT positive EBIT in lower double-digit million range 35
36 Further cost-saving potential Technological innovations Technological innovations Procurement Upgrade to PERC technology at all production sites launch of several bifacial module lines Implementation of 5-busbar-cells Procurement Distribution structures Optimized production processes Optimization of purchasing conditions and renegotiation of supplier contracts 36
37 Further cost-saving potential Production processes Technological innovations Procurement Increase of production capacities and higher utilization rates Reduction of material use Use of alternative more cost-effective materials, e.g. diamond wire for wafer sawing Distribution structures Distribution structures Optimized production processes Further internationalization and standardization of distribution structures (e.g. by SAP) 37
38 STOCK AND BONDS 38
39 The SolarWorld stock MASTER DATA Share class ISIN Ordinary bearer shares DE000A1YCMM2 SHAREHOLDERS STRUCTURE Token Market segment Transparency level SWVK Regulated market of the Frankfurt Stock Exchange Prime Standard 50,15% 29,00% Capital stock 14,896, Number of shares 14,896,000 Indices DAX International Mid 100, Prime All Share, Technology All Share, CDAX, ÖkoDAX 20,85% Qatar Solar S.P.C. Dr.-Ing. E. h. Frank Asbeck Free float 39
40 The SolarWorld bonds I BOND SOLARWORLD FRN IS. 2014/2019 SERIES 1116 ISIN Trading venue DE000A1YDDX6 Frankfurt Stock Exchange Issue date February 24, 2014 Issue volume 139,386 notes First quotation date March 5, 2014 Term 5 years Maturity date February 24, 2019 Actual nominal value per note (as of April 12, 2016) Interest Variable interest rate minimum 7% Calculated as 3-months-EURIBOR (min. 1% p.a.) + 6% margin p.a. Coupon date Quarterly, payable at the end of the calendar quarter 40
41 The SolarWorld bonds II BOND SOLARWORLD FRN IS. 2014/2019 SERIES 1017 ISIN Trading venue DE000A1YCN14 Frankfurt Stock Exchange Issue date February 24, 2014 Issue volume notes First quotation date March 5, 2014 Term 5 years Maturity date February 24, 2019 Actual nominal value per note (as of April 12, 2016) Interest Variable interest rate minimum 7% Calculated as 3-months-EURIBOR (min. 1% p.a.) + 6% margin p.a. Coupon date Quarterly, payable at the end of the calendar quarter 41
42 Contact Investor Relations Romy Acosta Head of investor relations Tel.: / Andrea Hoffmann Institutional investors & analysts Tel.: /
43 ! THANK YOU FOR YOUR ATTENTION 43
Investor Presentation
SolarWorld AG Investor Relations May 2016 Investor Presentation SolarWorld AG Disclaimer This presentation may contain forward-looking statements that are subject to risks and uncertainties, many of which
More informationInvestor Presentation
SolarWorld AG Investor Relations October 2016 Investor Presentation SolarWorld AG Disclaimer This presentation may contain forward-looking statements that are subject to risks and uncertainties, many of
More informationFORWARD-LOOKING STATEMENTS
CONSOLIDATED QUARTERLY STATEMENT Q1 2016 FORWARD-LOOKING STATEMENTS This report may contain forward-looking statements that are subject to risks and uncertainties, many of which relate to factors that
More informationTextron Reports Third Quarter 2014 Income from Continuing Operations of $0.57 per Share, up 62.9%; Revenues up 18.1%
Textron Reports Third Quarter Income from Continuing Operations of $0.57 per Share, up 62.9%; Revenues up 18.1% 10/17/ PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported third
More informationTextron Reports Second Quarter 2014 Income from Continuing Operations of $0.51 per Share, up 27.5%; Revenues up 23.5%
Textron Reports Second Quarter 2014 Income from Continuing Operations of $0.51 per Share, up 27.5%; Revenues up 23.5% 07/16/2014 PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported
More informationTextron Reports First Quarter 2016 Income from Continuing Operations of $0.55 per Share, up 19.6%; Reaffirms 2016 Financial Outlook
Textron Reports First Quarter 2016 Income Continuing Operations of $0.55 per Share, up 19.6%; Reaffirms 2016 Financial Outlook April 20, 2016 06:30 AM Eastern Daylight Time PROVIDENCE, R.I.--(BUSINESS
More informationSolarWorld Africa (Pty) Ltd Davis & Shirtliff Kenya
SOLARWORLD AFRICA (PTY) LTD DEAN LUNDALL SolarWorld Africa (Pty) Ltd Davis & Shirtliff Kenya Overview of SolarWorld SolarWorld: Over 40 years of REAL VALUE We are a global player in the solar industry
More informationConfirms 2013 Financial Guidance
Confirms 2013 Financial Guidance PROVIDENCE, R.I.--(BUSINESS WIRE)--Jul. 17, 2013-- Textron Inc. (NYSE: TXT) today reported second quarter 2013 income from continuing operations of $0.40 per share, compared
More informationConference Call Q2 2013
Conference Call Düsseldorf, July 30, GEA Group Aktiengesellschaft Disclaimer Forward-looking statements are based on our current assumptions and forecasts. These statements naturally entail risks and uncertainties,
More informationQ Presentation Preliminary Results FY 2011
Presentation Preliminary Results FY Düsseldorf, February 6, 2012 GEA Group Disclaimer All figures for are preliminary and have therefore not yet been audited. The yearend financial statements for the GEA
More informationCapcom Co., Ltd. (Tokyo Stock Exchange, First Section, 9697) 3rd Quarter Report Fiscal year ending March 31, 2018
Capcom Co., Ltd. (Tokyo Stock Exchange, First Section, 9697) 3rd Quarter Report Fiscal year ending March 31, 2018 0 Forward-looking Statements Strategies, plans, outlooks and other statements that are
More informationTextron Reports Third Quarter 2018 Results; Narrows Full-Year EPS and Cash Guidance
Corporate Communications Department NEWS Release Textron Reports Third Quarter 2018 Results; Narrows Full-Year EPS and Cash Guidance $468 million returned to shareholders through share repurchases Completed
More informationIn the quarter, Textron returned $344 million to shareholders through share repurchases, compared to $186 million in the first quarter of 2017.
Corporate Communications Department NEWS Release Textron Reports First Quarter 2018 Income from Continuing Operations of $0.72 per Share; Signs Agreement to Sell Tools & Test Business for $810 Million
More informationKKR & Co. L.P. Morgan Stanley Financials Conference: June 13, 2018
KKR & Co. L.P. Morgan Stanley Financials Conference: June 13, 2018 ($ in trillions) KKR Growth in Alternative Asset Market Share KKR AUM +20% CAGR +21% CAGR Alternative AUM +12% CAGR $190 (1) ($ in billions)
More informationMillhouse, Inc. Plc GLOBAL CAPITAL. Commercial in Confidence. Copy Right 2012 Millhouse, Inc. PLC Version Thursday, 11 October 2012
Millhouse, Inc. Plc GLOBAL CAPITAL Millhouse, Inc. PLC Version 2.0 1 DISCLAIMER This presentation contains certain forward-looking statements within the meaning of the United States Private Securities
More informationCONSOLIDATED INTERIM REPORT SOLARWORLD AG AG 3. QUARTER 2004
CONSOLIDATED SOLARWORLD AG AG 3. QUARTER 2004 Worldwide solar market continues to grow Again a record result in the SolarWorld Group WKN 510840 ISIN DE0005108401 Expansion of capacities at all levels of
More informationS&T AG Company Presentation
S&T AG Company Presentation Hannes Niederhauser, CEO Richard Neuwirth, CFO August 2017 About S&T 1 S&T provides proprietary IoT 4.0 technology S&T offers vertical IoT solutions and security appliances
More informationS&T AG Company Presentation
S&T AG Company Presentation Hannes Niederhauser, CEO Richard Neuwirth, CFO December 2017 About S&T 1 S&T provides IoT 4.0 technology S&T offers vertical IoT solutions and security appliances for Industrial/Infotainment/Smart
More informationElectrical Products Group Conference
Electrical Products Group Conference Scott C. Donnelly Chairman, President and CEO Forward-Looking Information Certain statements in today s discussion will be forward-looking statements, including those
More informationCapcom Co., Ltd. (Tokyo Stock Exchange, First Section, 9697) Financial Highlights for the Fiscal Year ended March 31, 2018
Capcom Co., Ltd. (Tokyo Stock Exchange, First Section, 9697) Financial Highlights for the Fiscal Year ended March 31, 2018 0 0 Forward-looking Statements Strategies, plans, outlooks and other statements
More information2 nd Quarter Earnings Conference Call
2 nd Quarter Earnings Conference Call KKR & Co. Inc. Investor Update July 26, 2018 Recent Milestones K-1 $ Converted to a Corporation on July 1, 2018 Investor Day held on July 9, 2018 2 Key Metrics Assets
More informationSony IR Day Game & Network Services Segment. November 25, Andrew House
Sony IR Day 2014 November 25, 2014 Andrew House President and Group CEO Sony Computer Entertainment Inc. Group Executive in Charge of Network Entertainment Business Sony Corporation Agenda 1. Business
More informationAnnual Shareholders' Meeting. Stuttgart May 14th 2009
Annual Shareholders' Meeting Stuttgart May 14th 2009 HUGO BOSS in 2008 in EUR mill. Net Sales 1.686 + 6% (fx-adj.) + 3% Gross Profit 1.011 + 7% EBIT before extraordinary items 226 + 9% Cash Flow from operating
More informationKKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018
KKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018 KKR Today Private Markets Public Markets Capital Markets Principal Activities $104bn AUM $91bn AUM Global Franchise $19bn
More information$3.5 Billion Acquisition of Nation s No. 2 Company in Growing Moist Snuff Category. Deal at a Glance
Reynolds American Enters Smokeless Tobacco Category Via Acquisition of Conwood $3.5 Billion Acquisition of Nation s No. 2 Company in Growing Moist Snuff Category Deal at a Glance 2005 Financial Summary
More informationOwens Corning Investor Day. Dave Brown, President and CEO
Owens Corning Investor Day Dave Brown, President and CEO Forward-looking Statement and Non-GAAP Measures This presentation contains forward-looking statements within the meaning of Section 27A of the Securities
More informationReport on Operations 1999
Report on Operations 1999 Sales increased 15 percent to MSEK 9,420 Operating income, before items affecting comparability, increased 13 percent to MSEK 1,689 (1,489) Operating income, including capital
More information4 th Quarter Earnings Conference Call
4 th Quarter Earnings Conference Call KKR & Co. Inc. Investor Update February 1, 2019 Key Metrics Assets Under Management Management Fees ($ in billions) ($ in millions) $195 $1,069 $168 $905 $100 $107
More informationAcquisition of GEODynamics. December 13, 2017
Acquisition of GEODynamics December 13, 2017 Forward-looking Statements We include the following cautionary statement to take advantage of the "safe harbor" provisions of the Private Securities Litigation
More informationJ.S. Whang Executive Chairman. Fokko Pentinga President & CEO. Solar Semiconductor LED
J.S. Whang Executive Chairman Fokko Pentinga President & CEO Solar Semiconductor LED 1 Safe Harbor Statement This Presentation may contain certain statements or information that constitute forward-looking
More information4 th Quarter Earnings Conference Call
4 th Quarter Earnings Conference Call KKR & Co. L.P. Investor Update February 8, 2018 4Q17 Reflections Fundamentals Are Strong (Dollars in millions, except per unit amounts and unless otherwise stated)
More informationKOHLBERG CAPITAL CORPORATION. May 2007
KOHLBERG CAPITAL CORPORATION May 2007 Safe Harbor Statement Private Securities Litigation Reform Act of 1995 Forward Looking Information This presentation may include forward-looking statements. These
More informationTHE STARS GROUP 2017 ANNUAL AND SPECIAL MEETING MANAGEMENT PRESENTATION MAY 10, 2018, TORONTO, 11:30 (ET)
Please Note: THE STARS GROUP 2017 ANNUAL AND SPECIAL MEETING MANAGEMENT PRESENTATION MAY 10, 2018, TORONTO, 11:30 (ET) Some of our comments today will contain forward-looking information and statements
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K. TEXTRON INC. (Exact name of Registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationFY2005 Results Briefing Session. May 24, 2006
FY2005 Results Briefing Session May 24, 2006 1 Statements made in this document with respect to SQUARE ENIX CO., LTD. and consolidated subsidiaries' (together, "SQUARE ENIX") plans, estimates, strategies
More informationApril, 2014 GameAccount Network
April, 2014 Disclaimer Certain statements included in this Presentation contain forward-looking information concerning GameAccount Network's strategy, operations, financial performance or condition, outlook,
More informationCapcom Co., Ltd. Tokyo and Osaka Exchanges, First Section, rd Quarter Report Fiscal year ending March 31, 2010
Capcom Co., Ltd. Tokyo and Osaka Exchanges, First Section, 9697 3rd Quarter Report Fiscal year ending March 31, 2010 Precautions Concerning Forward-looking Statements Strategies, plans, outlooks and other
More informationKKR & Co. L.P. Goldman Sachs U.S. Financial Services Conference: December 6, 2017
KKR & Co. L.P. Goldman Sachs U.S. Financial Services Conference: December 6, 2017 KKR Growth in Alternative Asset Market Share KKR AUM +20% CAGR Alternative AUM +12% CAGR ($ in trillions) ($ in billions)
More informationThird QUarter 2010 CONSOLIDATED INTERIM REPORT SOLARWORLD AG
Third QUarter 2010 CONSOLIDATED INTERIM REPORT SOLARWORLD AG solarworld Third QUarter 2010 Further information on the quarterly figures Inside cover // 01 Selected indicators // in k Financial indicators
More informationCONTACTS: Michaela Hessling Executive Director Corporate Communications Tel
Aurubis continues developing its strategy Group working on a more effective organization, an increase in productivity and a sustainable improvement in earnings Resolution for dividend payment of 1.10 per
More information4 th Quarter Earnings Conference Call
4 th Quarter Earnings Conference Call KKR & Co. L.P. Investor Update February 11, 2016 Gross Returns $1B+ Carry Paying Funds Q4 and 2015 Performance Market Indices Private Equity Real Assets Alternative
More information2018 1Q IR PRESENTATION
2018 1Q IR PRESENTATION Investor Relation March 2018 Disclaimer These materials have been prepared by GRAVITY Co., Ltd. ("Gravity" or the "Company"). The statements contained in this presentation have
More informationCherry AB. Investing in a broad gaming portfolio. CEO Anders Holmgren GP Bullhound 6 December 2017
Cherry AB Investing in a broad gaming portfolio CEO Anders Holmgren GP Bullhound 6 December 2017 The game is on Cherry is investing in a broad portfolio of online gaming companies Cherry s strategy is
More informationAnnual Press Conference Bilfinger Berger SE, Mannheim March 21, 2012 Roland Koch, Chairman of the Executive Board
Annual Press Conference 2012 Bilfinger Berger SE, Mannheim March 21, 2012 Roland Koch, Chairman of the Executive Board Annual Press Conference March 21, 2012 page 1 Financial year 2011 Order and earnings
More informationCherry AB. The most complete gaming company Partnering with entrepreneurs to explore exciting ideas
Cherry AB The most complete gaming company Partnering with entrepreneurs to explore exciting ideas CEO Anders Holmgren & CFO Christine Rankin Copenhagen 10 January 2018 Investment case Positive outlook
More informationInterim Report. 1 January 30 September Sales declined by 6 percent and reached 9,692 MSEK (10,317) Sales were up 2 percent in local currencies
Interim Report 1 January 30 September 2003 Sales declined by 6 percent and reached 9,692 MSEK (10,317) Sales were up 2 percent in local currencies Operating income declined to 1,693 MSEK (1,797) or by
More informationFMC Technologies Overview Fourth Quarter Director, Investor Relations Matt Seinsheimer
FMC Overview Fourth Quarter 2016 Director, Investor Relations Matt Seinsheimer +1 281.260.3665 matthew.seinsheimer@fmcti.com This presentation contains forward-looking statements intended to qualify for
More informationCapcom Co., Ltd. (Tokyo Exchanges, First Section, 9697) 3rd Quarter Report Fiscal year ending March 31, 2014
Capcom Co., Ltd. (Tokyo Exchanges, First Section, 9697) 3rd Quarter Report Fiscal year ending March 31, 2014 0 Forward-looking Statements Strategies, plans, outlooks and other statements that are not historical
More informationInvestor Presentation. November 2018
Investor Presentation November 2018 KKR Today Private Markets Public Markets Capital Markets Principal Activities $104bn AUM $91bn AUM Global Franchise $19bn of Assets $81bn Private Equity, Growth Equity
More informationPareto s Annual Oil & Offshore Conference
Pareto s Annual Oil & Offshore Conference Daniel W. Rabun Chairman, President & CEO 31 August 2011 1 Forward-Looking Statements Statements contained in this presentation that are not historical facts are
More information4Q February 2011
4Q 2010 28 February 2011 2 Disclaimer forward looking statements This presentation contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical
More informationInterim Report. 1 January 31 March Sales reached 3,006 MSEK (3,317) Sales were flat in local currencies. Continued volume growth for snuff
Interim Report 1 January 31 March 2003 Sales reached 3,006 MSEK (3,317) Sales were flat in local currencies Continued volume growth for snuff Operating income declined to 516 MSEK (605) or by 15 percent
More informationActivision Announces Second Quarter 2006 Results
Activision Announces Second Quarter 2006 Results - Company's Q2 Results Exceed Outlook - - Company Increases FY 2006 Revenue Outlook - SANTA MONICA, Calif., Nov 02, 2005 /PRNewswire-FirstCall via COMTEX
More informationErratum to the Press Release 2017 annual results - NRJ Group. dated March 15, 2018
Paris, March 20, 2018 5:45 pm Erratum to the Press Release 2017 annual results - NRJ Group dated March 15, 2018 An editorial error was made in the press release dated March 15, 2018 (English version only)
More informationHalliburton and Baker Hughes Creating the leading oilfield services company
Halliburton and Baker Hughes Creating the leading oilfield services company Halliburton Investor Relations Contacts: Kelly Youngblood, Vice President Scott Danby, Manager 281.871.2688 or investors@halliburton.com
More informationDNB's 9th Annual Oil, Offshore & Shipping Conference Kristian Siem Chairman Subsea 7
DNB's 9th Annual Oil, Offshore & Shipping Conference Kristian Siem Chairman Subsea 7 1 Forward-looking statements Certain statements made in this announcement may include forward-looking statements. These
More informationGLP CHINA LEADERSHIP TRANSITION
For Immediate Release GLP CHINA LEADERSHIP TRANSITION Teresa Zhuge and Victor Mok promoted from within the China business to serve as Co-Presidents Dual leadership structure allows GLP to focus on strengthening
More informationAnalyst Day Real change starts here. Doug Pferdehirt, Chief Executive Officer
2017 Real change starts here Doug Pferdehirt, Chief Executive Officer Disclaimer Forward-looking statements We would like to caution you with respect to any forward-looking statements made in this commentary
More informationGC RIEBER SHIPPING ASA. /FOURTH QUARTER 2012 PRESENTATION Fourth quarter 2012 Bergen, 22 February Bergen, 25 February 2013
/FOURTH QUARTER 2012 PRESENTATION Fourth quarter 2012 Bergen, 22 February 2013 Bergen, 25 February 2013 Agenda Highlights Q4 2012 Operational review Financial review Summary Outlook / 2 Highlights Fourth
More informationShell s Journey to Mobility
Shell s Journey to Mobility Speakers: Yorinde Knegtering Business Analyst, IT Produce Hydrocarbons Prabhat Mishra Product Owner, PI Center of Excellence Definitions & cautionary note Reserves: Our use
More informationThe partner of choice for self-care products
The partner of choice for self-care products Venture Life Group plc Full Year Results Presentation 2017 22 March 2018 2017 highlights Revenues up 12% to 16.1m (2016: 14.3m) Gross profit increased 18% to
More informationHalf-Year Press Conference
Half-Year Press Conference 11 May 2017 Prof. Dr. Michael Kaschke President & CEO ZEISS Group, Half-Year Press Conference 2016/17 Thomas Spitzenpfeil Chief Financial Officer 11 May 2017 Prof. Dr. Michael
More information3 rd Annual Global Automotive Conference Goldman Sachs. London, December 8, 2011
3 rd Annual Global Automotive Conference Goldman Sachs London, December 8, 2011 1 3rd Annual Global Automotive Conference Goldman Sachs London, December 8, 2011 Outline Net sales: Sustained firm growth
More informationCapcom Co., Ltd. (Tokyo Stock Exchange, First Section, 9697) Financial Highlights for the Fiscal Year ended March 31, 2016
Capcom Co., Ltd. (Tokyo Stock Exchange, First Section, 9697) Financial Highlights for the Fiscal Year ended March 31, 2016 0 0 Forward-looking Statements Strategies, plans, outlooks and other statements
More informationQ Q Q Q Q % % 46.8% 61.0% 35.6% 57.5% 52.1% 60.5% 44.6% 63.3% 15,267 15,081 15,260 15,265 16,299
Press release Paris, May 4, 2017 BOURBON 1 st quarter 2017 financial information Adjusted revenues amounted to 225.5 million ( 204.9 million in consolidated revenues) in the 1 st quarter of 2017, down
More informationSiltronic a leading producer of silicon wafers. Fact Book Investor Relations May 2018
Siltronic a leading producer of silicon wafers Fact Book Investor Relations May 2018 Siltronic AG 2018 BUSINESS ENVIRONMENT.operating in a continuous growing and improving environment.. Siltronic AG 2018
More information2Q 2017 Results. 11 Aug 2017 MERMAID MARITIME PUBLIC COMPANY LIMITED
MERMAID MARITIME PUBLIC COMPANY LIMITED 2Q 2017 Results 11 Aug 2017 1 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated
More informationDisclaimer forward looking statements
1Q 2011 25 May 2011 Disclaimer forward looking statements This presentation contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical
More information1Q 2016 Results. Mermaid Maritime Plc. May 23, 2016
Mermaid Maritime Plc 1Q 2016 Results May 23, 2016 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to
More informationSidoti & Company Spring 2017 Convention
Sidoti & Company Spring 2017 Convention March 29, 2017 Jim McCarley Chief Executive Officer Brian Smith CFO & Treasurer Asia The Americas Europe 1 2017 ExOne Safe Harbor Statement These slides may contain
More informationInvestor Presentation October 2013
Investor Presentation October 2013 John Irvin Chief Financial Officer NASDAQ: XONE www.exone.com Safe Harbor Statement These slides and the accompanying oral presentation contains forward-looking statements
More informationPATENT PROPERTIES ANNOUNCES SECOND QUARTER 2015 RESULTS. Announces Name Change to Walker Innovation Inc.
PATENT PROPERTIES ANNOUNCES SECOND QUARTER 2015 RESULTS Announces Name Change to Walker Innovation Inc. Announces Name Change of its United States Patent Utility Service to Haystack IQ Trial Usage of New
More informationTransition PPT Template. J.P. Morgan. June 2015 V 3.0. Energy Equity Conference June 27, 2017
Transition PPT Template J.P. Morgan June 2015 V 3.0 Energy Equity Conference 2017 June 27, 2017 Forward-Looking Statements This presentation contains forward-looking statements, including, in particular,
More informationCapcom Co., Ltd. (Tokyo Exchanges, First Section, 9697) 3rd Quarter Report Fiscal year ending March 31, 2016
Capcom Co., Ltd. (Tokyo Exchanges, First Section, 9697) 3rd Quarter Report Fiscal year ending March 31, 2016 0 Forward-looking Statements Strategies, plans, outlooks and other statements that are not historical
More informationQ Financial Results
Q3 2016 Financial Results November 29, 2016 DLS:TSXV Disclaimer Certain information in this presentation are forward-looking and relate to DealNet Capital anticipated financial position, business strategy,
More information4 th Quarter Earnings Conference Call
4 th Quarter Earnings Conference Call KKR & Co. L.P. Investor Update February 9, 2017 Healthy Level of New Capital Raised Year-Over-Year Capital Inflows Driving Asset Growth ($ in billions) $92 +11% $101
More informationInvestor Presentation. April 2015
Investor Presentation April 2015 KKR Global Leader in Alternative Asset Management Private Markets Public Markets Capital Markets Q1 2014 Q1 2015 2 Private Equity Energy $62 bn AUM $37 bn AUM $11.5 bn
More informationCapcom Co., Ltd. (Tokyo Exchanges, First Section, 9697) Results of Operations and Strategies First half of fiscal year ending March 31, 2014
Capcom Co., Ltd. (Tokyo Exchanges, First Section, 9697) Results of Operations and Strategies First half of fiscal year ending March 31, 2014 0 Forward-looking Statements Strategies, plans, outlooks and
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K. TEXTRON INC. (Exact name of Registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationGE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February
GE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February Value creation and partnership in a challenging business environment Harry Brekelmans Projects and Technology Director Royal Dutch Shell 2016
More informationSilicon Wafer Demand Forecast Update, 4Q03
Forecast Analysis Silicon Wafer Demand Forecast Update, 4Q03 Abstract: Silicon wafer demand in 2003 will register an 8 percent increase over 2002. Demand will enter an expansion phase in the second quarter
More informationTAIWAN EXCHANGE STOCK NO : December 26,2018
TAIWAN EXCHANGE STOCK NO : 2434 December 26,2018 1 CONTENT DISCLAIMER STATEMENT COMPANY STATEMENT Q3 2018 BALANCE SHEET(CONSOLIDATED) FUTURE PRODUCT DEVELOPMENT Q&A 2 DISCLAIMER STATEMENT Our discussion
More informationHY2015. Disciplined performance management. Redefining the future for people and places 1. Attractive growth fundamentals & opportunities
HY2015 Attractive growth fundamentals & opportunities Disciplined performance management Redefining the future for people and places 1 Overview Resilient underlying performance HY2015 Headline EPS 31.3p
More informationHELLA Group Overview. March 2018 HF-7761EN_C ( )
Overview March 2018 HF-7761EN_C (2014-06) (2013-10) HELLA Partner of the automotive industry and the aftermarket for over 100 years FACTS & FIGURES Global market-listed, family-owned company with more
More informationReference Materials Nine Month Period Ended December 31, 2018
Reference Materials Nine Month Period Ended December 31, 2018 February 5, 2019 SQUARE ENIX HOLDINGS CO., LTD. Statements made in this document with respect to SQUARE ENIX HOLDINGS CO., LTD. and its consolidated
More informationOperational Intelligence to Deliver Smart Solutions. Copyright 2015 OSIsoft, LLC
Operational Intelligence to Deliver Smart Solutions Presented by John de Koning DEFINITIONS AND CAUTIONARY NOTE Reserves: Our use of the term reserves in this presentation means SEC proved oil and gas
More informationResults Briefing Fourth Financial Quarter, 2012* Analyst & Investor Update 20 th December 2012
Results Briefing Fourth Financial Quarter, 2012* Analyst & Investor Update 20 th December 2012 *Financial Quarter ending 30 September 2012 Disclaimer This Analyst Presentation has been prepared by Mermaid
More informationMinimally Invasive Surgery with a Future
Presentation Annual Financial Statement 2003 Minimally Invasive Surgery with a Future Peter P. Wiest (CEO) W.O.M. WORLD OF MEDICINE AG ISIN DE 0006637390 / Prime Standard WORLD OF MEDICINE March 2004 2003
More informationCapcom Co., Ltd. (Tokyo and Osaka Exchanges, First Section, 9697) 1st Quarter Report Fiscal year ending March 31, 2013
Capcom Co., Ltd. (Tokyo and Osaka Exchanges, First Section, 9697) 1st Quarter Report Fiscal year ending March 31, 2013 0 Forward-looking Statements Information in these materials concerning strategies,
More informationPALFINGER ANNUAL REPORT 2012 CORPORATE GOVERNANCE REPORT CORPORATE GOVERNANCE REPORT
CORPORATE GOVERNANCE REPORT 45 INFORMATION ACCORDING TO SEC. 243B OF THE BUSINESS CODE INFORMATION ACCORDING TO SEC. 243B OF THE BUSINESS CODE PALFINGER is committed to the standards of the Austrian Code
More informationQ1 Financial Presentation 2018 DOF ASA
Q1 Financial Presentation 2018 DOF ASA Highlights Group 2 Highlights EBITDA Q1 MNOK 520 (excl hedge accounting) Average utilisation Group fleet 72% in Q1 Improved markets and signs of higher activity in
More informationFokko Pentinga President & CEO
J.S. Whang Executive Chairman Fokko Pentinga President & CEO Brad Anderson Executive VP & CFO Solar Semiconductor LED 1 Safe Harbor Statement This Presentation may contain certain statements or information
More informationPreferred partner. Aker Solutions. Nordic Energy Summit 2013, 21 March Leif Borge CFO
Aker Solutions Nordic Energy Summit 213, 21 March Leif Borge CFO 212 Aker Solutions Slide 1 This is Aker Solutions Employees: 19 5 Contract staff: 5 5 Revenues: 45 bn EBITDA: 4.7 bn Market Cap: 32. bn
More informationDavid J. Adams
David J. Adams david.j.adams@louisville.edu EXPERIENCE University of Louisville - Institute for Product Realization (2016-Present) CEO Executive in charge for the overall strategy, development and execution
More informationFIRST QUARTER 2009 CONSOLIDATED INTERIM REPORT SOLARWORLD AG 176.3
FIRST QUARTER 2009 CONSOLIDATED INTERIM REPORT SOLARWORLD AG 176.3 m REVENUES 1 ST QUARTER 2009 SOLARWORLD 1 ST QUARTER 2009 01 SELECTED CORPORATE INDICATROS // IN K 02 REVENUES BREAKDOWN BY REGION //
More informationTreasury Wine Estates Limited appoints Michael Clarke as Managing Director and Chief Executive Officer
20 February, 2014 Treasury Wine Estates Limited appoints Michael Clarke as Managing Director and Chief Executive Officer Treasury Wine Estates Limited (ASX: TWE) announced today the appointment of Michael
More informationKKR and FS Investments Form Strategic BDC Partnership Creates the Leading $18BN Alternative Lending Platform. December 2017
KKR and FS Investments Form Strategic BDC Partnership Creates the Leading $18BN Alternative Lending Platform December 2017 Strategic BDC Partnership Introduction On December 11, 2017, KKR and FS Investments
More informationFinancial Results Briefing Session
Financial Results Briefing Session Six-Month Period Ended September 30, 2017 November 8, 2017 SQUARE ENIX HOLDINGS CO., LTD. Statements made in this document with respect to SQUARE ENIX HOLDINGS CO., LTD.
More informationAugust 7, 2014 Heiwa Corporation
August 7, 2014 Heiwa Corporation Contents Overview 3 1 st Quarter Results of FY Ending March 2015 4 Full-year Plan for FY2015 12 < Supplementary Information > Market Environment (Pachinko and Pachislot
More informationInvestor Presentation
Connecting What s Needed with What s Next Investor Presentation September 2017 Forward-Looking Statements Statements we make in this presentation that express a belief, expectation, or intention are forward
More information