Growing with Passion
Conference Call Interim Report as of March 31, 2015
Hans-Georg Frey, Chairman of the Board of Management Dr. Volker Hues, Member of the Board of Management, Finance Hamburg, May 8, 2015
World material handling equipment market expands by 4%
Demand in Europe rises by 13%—despite the dramatic shrinkage of the Russian market
Market volume in Eastern Europe—excluding Russia—grows by 8%
The Asian market decreases in volume by 5% due to a drop in demand for IC engine-powered counterbalanced trucks in China (-18%)
Highlights of the Material Handing Equipment Market —Q1 2015
2 Conference Call—May 8, 2015
New truck business: 20% growth in incoming orders in terms of units
Value of incoming orders (all business areas) rises by 11%
At 22.2 thousand forklifts, production slightly outpaced last year’s very strong first quarter
Net sales grow by 8%
EBIT, EBT and net income up year on year
Jungheinrich Highlights—Q1 2015
3 Conference Call—May 8, 2015
4
+13%
+17%
-11%
-5%
+4%
272.3
Q1 2014
282.4
Q1 2015
+9%
thereof China -13%
thereof Russia -46%
Source: WITS, SIMHEM 3/2015.
World Material Handling Equipment Market—Q1 2015 Growth Rates by Region in terms of units; compared to Q1 2014 Worldmarket
in thousand of units
Western
Eastern
Europe
Asia
North America
World
Conference Call—May 8, 2015
Incoming Orders of all Business Fields
5 Conference Call—May 8, 2015
in million €
Q1 2014 Q1 2015
+11% 600 666 Over 60% of the rise is due to new
truck business
22,168 24,486
Business Trend—New Truck Business
6 Conference Call—May 8, 2015
in units
Incoming orders Production
20,469 22,039
Q1 2014 Q1 2015
+1% +20%
Q1 2014 Q1 2015
451 379 +19%
7
12/31/2014 03/31/2014
Orders on Hand—New Truck Business
Conference Call—May 8, 2015
The order reach was four months
in million €
Conference Call—May 8, 2015 8
Net Sales and Earnings in million €
7.0% EBIT ROS 6.8%
Consolidated net sales EBIT
40.2 42.3 +5% 575 620 +8%
Q1 2014 Q1 2015 Q1 2014 Q1 2015
All business fields contributed to net sales growth
R&D and Capital Expenditures
Conference Call—May 8, 2015 9
Capital Expenditures R&D Expenditures Capex ratio as a percentage of net sales
in million €
Capitalization ratio
25% 19% 2% 3 %
12.1 13.1 14 16
Capital expenditures characterized by large-scale construction projects
Q1 2014 Q1 2015 Q1 2014 Q1 2015
Workforce Trend
12/31/2014 03/31/2015
Germany
Abroad
Conference Call—May 8, 2015 10
in full-time equivalent (FTE)
■ Sales remain the focal point of the continued headcount expansion
6,911 7,050
5,638 5,690
12,740 +191 12,549
201
401
316
219
444
345
Worldwide
2013 2014
Europe
Asia
North Amerika
11
951
2007
1,010 1,094
+9%
Source: WITS and SIMHEM, 2015 figures estimated.
+2%
+9%
+11%
+11%
+11%
2015e
+8%
2014
2013
2015e
2014
2013
2015e
2014
2013
2015e
World Material Handling Equipment Market in thousand units
Conference Call—May 8, 2015
We expect market volume to decline in Eastern Europe and opportunities for a stable development of the market to arise if the Russian market posts a tangible recovery over the course of the year
The prerequisite for the growth of the Asian market is that demand for IC engine-powered counterbalanced trucks in China recovers as the year progresses
thereof Eastern-europe -0.4% thereof Eastern-europe +8%
thereof Eastern-europe ?%
12
Jungheinrich Group—Forecast for 2015
Incoming orders €2.6 bn - €2.7 bn1
Net sales €2.6 bn - €2.7 bn1
EBIT €190 million - €200 million1
~ €50 million
Capital expenditures in tangible assets
Research and development expenditures
€90 million - €100 million
15% - 20% ROCE
1 2014: incoming orders: €2.5 billion, net sales: €2.5 billion, EBIT: €193 million, EBT €175million.
EBT €170 million - €180 million1
Conference Call—May 8, 2015
Conference Call—May 8, 2015 13
Disclaimer
Since developments cannot be foreseen, the actual business trend may deviate from the expectations presented here based on assumptions and estimates made by Jungheinrich company management. Factors that may lead to such deviations include changes in the economic environment, changes in the political and legal environment and within the material handling equipment sector as well as exchange and interest rate fluctuations. Therefore, no responsibility is taken for forward-looking statements made in this presentation and no ensuing liability is assumed.
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