Alfa Laval Slide 1

Transcription

1 Alfa Laval Slide 1

2 Interim Report Q Orders received and margins - Highlights - Development per segment - Geographical development - Financials - Outlook Mr. Lars Renström President and CEO Alfa Laval Group

3 Key figures January March 2008 Orders received up 9% to SEK 7,433 million. Net sales up 24% to SEK 6,267 million. Adjusted EBITA up 69% SEK 1,410 million. - Negative currency effect SEK 44 million. Alfa Laval Slide 3

4 Orders received SEK millions SEK millions R % Q % Q % Q % Q % Q % Q % Q % Q406 Q % Q % +30% Q307 Q407 0% Q108 +9% = rolling twelve months value +xx% = % development at constant rates by = order intake per quarter quarter year on year Alfa Laval Slide 4

5 Order analysis Jan March (SEK millions) Structural change, % Currency effects,% Organic development, % Total, % 2008 (SEK million) 7, ,433 Alfa Laval Slide 5

6 Adjusted EBITA / margin * SEK millions and in percent of sales ,0 21,0 18,0 15,0 12,0 9,0 6,0 3,0 0 Q105 Q205 Q305 Q405 Q106 Q206 Q306 Q406 Q107 Q207 Q307 Q407 Q108 0,0 * Adjusted EBITA Earnings before interests, taxes, amortization of goodwill and step up values and comparison distortion items. Alfa Laval Slide 6

7 Interim Report Q Orders received and margins - Highlights - Development per segment - Geographical development - Financials - Outlook Mr. Lars Renström President and CEO Alfa Laval Group

8 Highlights during the quarter Large orders, total SEK 390 million (435) High capacity plate heat exchanger to Middle East. Order value SEK 100 million. Delivery during Alfa Laval Slide 8

9 Highlights during the quarter Large orders High capacity plate heat exchanger to Middle East. Power order from Middle East. Order value SEK 100 million. Delivery during Alfa Laval Slide 9

10 Highlights during the quarter Large orders High capacity plate heat exchanger to Middle East. Power order in Middle East. Wins power order in China. Order value SEK 50 million. Delivery during Alfa Laval Slide 10

11 Highlights during the quarter Large orders High capacity plate heat exchanger to Middle East. Power order in Middle East. Wins power order in China. Refinery order in Middle East. Order value SEK 50 million. Delivery during Alfa Laval Slide 11

12 Highlights during the quarter Large orders High capacity plate heat exchanger to Middle East. Power order in Middle East. Wins power order in China. Refinery order in Middle East. Wins another power order in China. Order value SEK 90 million. Delivery during Alfa Laval Slide 12

13 Interim Report Q Orders received and margins - Highlights - Development per segment - Geographical development - Financials - Outlook Mr. Lars Renström President and CEO Alfa Laval Group

14 Orders received by Segment January March 2008, at constant rates + Comfort & Refrigeration Parts & Service Life Science Process Industry Marine & Diesel Fluids & Utility OEM Energy & Environment + Sanitary Food + Alfa Laval Slide 14

15 Orders received by Segment The Process Technology Division, January March 2008, at constant rates and for comparable units Life Science Process Industry Energy & Environment Food + + Best quarter ever! Both Oil & Gas and the Power business has been very good. Very low activity level in biofuels. Alfa Laval Slide 15

16 Orders received by Segment The Equipment Division, January March 2008, at constant rates and for comparable units Continued good growth in both Marine & Diesel and Comfort & Refrigeration OEM on a lower level due to the heat pump industry in Europe Comfort & Refrigeration Marine & Diesel Fluids & Utility OEM Sanitary Alfa Laval Slide 16

17 New products +30% Alfa Laval Phoenix - new system for treatment of waste water from offshore installations ions Alfa Laval Slide 17

18 Interim Report Q Orders received and margins - Highlights - Development per segment - Geographical development - Financials - Outlook Mr. Lars Renström President and CEO Alfa Laval Group

19 Orders received by Region January March 2008, at constant rates L. America 6 % L. America 6 % North America 14 % Other 2 % Other 2 % +33 Western Europe 24 % Asia 37 % +27 Centr.. & East 8 % Nordic 9 % Alfa Laval Slide 19

20 Orders received by Region January March 2008, at constant rates L. America 6 % L. America 6 % North America 14 % Other 2 % Other 2 % +33 Western Europe 24 % Asia 37 % +27 Centr.. & East 8 % Nordic 9 % Alfa Laval Slide 20

21 Highlights Americas January March 2008, at constant rates North America Good development in Equipment division and Parts & Service Base orders were on the same level as last year. -18 Latin America Good development, especially for the Process Technology division Best growth in Energy & Environment and Process Industry +27 Alfa Laval Slide 21

22 Highlights Europe January March 2008, at constant rates Western Europe incl. Nordic Good development in Equipment division and Parts & Service. Base business on the same level as last year Central and Eastern Europe Good overall growth, especially in Energy & Environment and Parts & Service. Very good development in Russia and Turkey. Alfa Laval Slide 22

23 Highlights Asia January March 2008, at constant rates Asia Best growth in Middle East, China and India. Energy & Environment and Marine had the strongest development. +33 Alfa Laval Slide 23

24 Interim Report Q Orders received and margins - Highlights - Development per segment - Geographical development - Financials - Outlook Mr. Thomas Thuresson CFO Alfa Laval Group

25 Highlights SEK millions Order intake Net sales Jan Mar 08 7,433 6,267 Alfa Laval Slide 25

26 Gross profit margin 50 In percent of sales Q105 Q205 Q305 Q405 Q106 Q206 Q306 Q406 Q107 Q207 Q307 Q407 Q108 Alfa Laval Slide 26

27 Highlights SEK millions Order intake Net sales Adjusted EBITA Adjusted EBITA-margin Profit before tax Jan Mar 08 7,433 6,267 1, % 1,256 Alfa Laval Slide 27

28 Earnings per share Jan - Mar Earnings Earnings, excluding step-up Alfa Laval Slide 28

29 Repurchase of shares Mandate to repurchase 10 percent of the issued shares Number of repurchased shares Percentage of outstanding shares Decrease of equity capital* Q1 08 1,084, Q2 07 Q1 08 4,686, ,864 Proposed AGM resolutions: Cancellation of 4.3 million shares New mandate to repurchase up to 5% Split = 4 new for 1 old *In parent company and in the Group (SEK millions) Alfa Laval Slide 29

30 Highlights SEK millions Order intake Net sales Adjusted EBITA Adjusted EBITA-margin Profit before tax Cash flow from operating activities ROCE ROE Jan Mar 08 7,433 6,267 1, % 1, % 48.0% Alfa Laval Slide 30

31 Cash-flow statement SEK millions Cash flows from - operating activities - investing activities Financial net paid Total Q Q Pro Forma Free-cash cash-flow* *Incl. operating activities, capital expenditure (excl. product rights), provisions and financial net paid. Alfa Laval Slide 31

32 Foreign exchange Estimated impact on adjusted EBITA from Fx.. fluctuations SEK million Q WY 08* WY 09* Translation effect Transaction effect Total *Based on EUR/USD 1.58 and EUR/SEK 9.35 Alfa Laval Slide 32

33 Order backlog as per March 31 SEK millions ,831 15, ,833 5,051 5, , ,893 8, , For delivery next year or later For delivery during rest of current year Alfa Laval Slide 33

34 Interim Report Q Orders received and operating margin - Highlights - Development per segment - Geographical development - Financials - Outlook Mr. Lars Renström President and CEO Alfa Laval Group

35 Outlook for the near future Alfa Laval expects the demand to remain on the current high level. Alfa Laval Slide 35

36 Alfa Laval Slide 36