Componenta Corporation Financial Statements 1 January - 31 December - - PowerPoint PPT Presentation

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Componenta Corporation Financial Statements 1 January - 31 December - - PowerPoint PPT Presentation

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Componenta Corporation Financial Statements 1 January - 31 December 2004 N Income statement MEUR 2004 2003 1 - 12 1 - 12 Net sales 316.1 177.8 Change in net sales % +78 -2 Operating profit of Cast and Other Components 11.6 8.2 -

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SLIDE 1

N

Componenta Corporation Financial Statements 1 January - 31 December 2004

slide-2
SLIDE 2

O

Income statement

MEUR 2004 1 - 12 2003 1 - 12

Net sales 316.1 177.8 Change in net sales % +78

  • 2

Operating profit of Cast and Other Components 11.6 8.2 Operating profit of De Globe

  • 1.7
  • Operating profit of Other Business

1.5

  • 0.1

Operating profit (excluding one-time items) 11.4 8.1 Financial income and expenses

  • 7.6
  • 7.6

Result after financial items (excluding one-time items) 3.9 0.5 One-time items +11.7

  • 8.0

Result after financial items 15.6

  • 7.5

Net result 20.6

  • 4.5
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SLIDE 3

P

Income statement Q4

jbr jbro OMMQ OMMQ NM=J=NO NM=J=NO OMMP OMMP NM= NM=J= J=NO NO

kÉí=ë~ä kÉí=ë~äÉë VNKR VNKR QSKN SKN `Ü~åÖÉ=áå=åÉí=ë~äÉë=B HVU HQ ===léÉê~íáåÖ=éêçÑáí=çÑ=`~ëí=~åÇ=líÜÉê=`çãéçåÉåíë QKO NKT ===léÉê~íáåÖ=éêçÑáí=çÑ=aÉ=däçÄÉ JNKR J ===léÉê~íáåÖ=éêçÑáí=çÑ=líÜÉê=_ìëáåÉëë MKQ MKS léÉê~íáåÖ= léÉê~íáåÖ=éêçÑáí==EÉñÅäìÇá éêçÑáí==EÉñÅäìÇáåÖ=çåÉ =çåÉJí JíáãÉ=áíÉãëF É=áíÉãëF PKO PKO OKP OKP ===cáå~åÅá~ä=áåÅçãÉ=~åÇ=ÉñéÉåëÉë JOKP JNKS

  • Éëìäí=~

äí=~ÑíÉê= ÑíÉê=Ñáå~å áå~åÅá~ä=áíÉ Åá~ä=áíÉãë ãë=E =EÉñÅäì ÉñÅäìÇáåÖ áåÖ=çåÉJ çåÉJíáãÉ=áíÉãë ãÉ=áíÉãëF MKV KV MKT MKT ===låÉJíáãÉ=áíÉãë JMKO JTKS

  • Éëìäí=~

äí=~ÑíÉê= ÑíÉê=Ñáå~å áå~åÅá~ä=áíÉ Åá~ä=áíÉãë ãë MKS MKS JSKV JSKV

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SLIDE 4

Q

Key Ratios

31.12.2004 31.12.2003

Earnings per share (EPS), EUR 2.14

  • 0.47

Equity ratio, % (preferred capital note in equity) 32.1 31.1 Return on equity, % 35.5

  • 11.8

Equity per share, EUR 5.45 3.31 Invested capital, MEUR 200.8 159.3 Return on investment, % 13.1 0.8 Net interest bearing debt, MEUR (preferred capital note in equity) 111.9 99.4 Net gearing, % (preferred capital note in equity) 127.5 168.0 Order book, MEUR 59.2 25.1 Investments in non-current assets, MEUR 35.1 1.6 Average number of personnel 2,168 1,595

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SLIDE 5

R

Cash flow

MEUR 1.-31.12.2004 1.-31.12.2003 ====mêçÑáíLäçëë=ÄÉÑçêÉ=Éñíê~çêÇáå~êó=áíÉãë NRKS JTKR ====aÉéêÉÅá~íáçåI=~ãçêíáò~íáçå=~åÇ=ïêáíÉJÇçïå VKU NSKM ====kÉí=Ñáå~åÅá~ä=áåÅçãÉ=~åÇ=ÉñéÉåëÉë TKS TKT ====líÜÉê=áåÅçãÉ=~åÇ=ÉñéÉåëÉëI=~ÇàìëíãÉåíë=íç=Å~ëÜ=Ñäçï JNTKM OKV ====`Ü~åÖÉ=áå=åÉí=ïçêâáåÖ=Å~éáí~ä NKT VKV `~ `~ë Ü=Ñäçï=Ñêçã=çéÉê~íáçåë =ÄÉÑçêÉ=Ñáå~åÅáåÖ åÖ=~åÇ åÇ=áåÅ åÅçãÉ=í~ í~ñÉë NTK TKS OVK OVKM ====kÉí=Ñáå~åÅá~ä=áåÅçãÉ=~åÇ=ÉñéÉåëÉë JTKR JTKM `~ `~ë Ü=Ñäçï=Ñêçã=çéÉê~íáçåë NMK MKN OOK OOKM ====`~éáí~ä=ÉñéÉåÇáíìêÉ=áå=í~åÖáÄäÉ=~åÇ=áåí~åÖáÄäÉ=~ëëÉíë JOTKP JNKS ====mêçÅÉÉÇë=Ñêçã=í~åÖáÄäÉ=~åÇ=áåí~åÖáÄäÉ=~ëëÉíë PKP NKO ====líÜÉê=áåîÉëíãÉåíë=~åÇ=äç~åë=Öê~åíÉÇ JQKT JMKT ====mêçÅÉÉÇë=Ñêçã=çíÜÉê=áåîÉëíãÉåíë=~åÇ=êÉé~óãÉåíë=çÑ=äç~å=êÉÅÉáî~ÄäÉë NVKP MKU `~ `~ë Ü=Ñäçï=Ñêçã=áåî åîÉëíá íáåÖ åÖ=~Åíáî áíáÉë JVK VKQ JMK MKP ====aáîáÇÉåÇë=é~áÇ MKM JNKM ====aê~ïJÇçïå=EHFL=êÉé~óãÉåí=EJF=çÑ=éêÉÑÉêêÉÇ=Å~éáí~ä=åçíÉ JNKO JPKO ====aê~ïJÇçïå=EHFL=êÉé~óãÉåí=EJF=çÑ=ÅìêêÉåí=äç~åë JNPKN UKO ====aê~ïJÇçïå=EHFL=êÉé~óãÉåí=EJF=çÑ=åçåJÅìêêÉåí=äç~åë NQKO JOUKN `~ë Ü=Ñäç äçï=Ñêçã=Ñáå~ áå~åÅáåÖ=~Åíáî áî áí áíáÉ áÉë MKM JO JOQKN fåÅê ÅêÉ~ë É~ëÉ=EHFL=ÇÉÅê ÅêÉ~ë É~ëÉEJF=áå=Å~ë ~ëÜ=~å ~åÇ=Ä~åâ=~ÅÅç ÅÅçìåíë MKT JOKQ

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SLIDE 6

S

Review period in brief

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`~éáí~ä=fåîÉëíçêë=fff=~í=~=éêáÅÉ=çÑ=jbro=NSKM=~åÇ=~=éêçÑáí=çÑ=jbro=UKQ=ï~ë=êÉÅçêÇÉÇ çå=íÜÉ=ë~äÉK

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Åçãé~åó=aÉ=däçÄÉ=~í=~=éêáÅÉ=çÑ=jbro=PKSK=`çãéçåÉåí~=~äëç=~ÖêÉÉÇ=çå=~å=çéíáçå=íç ~ÅèìáêÉ=íÜÉ=êÉã~áåáåÖ=ëÜ~êÉë=Äó=íÜÉ=ÉåÇ=çÑ=OMMTK

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SLIDE 7

T

Price of scrap

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=qÜÉ=áãé~Åí=çå=Åçëíë=çÑ=íÜÉ=êáëÉ=áå=ëÅê~é=éêáÅÉë=ï~ë=é~ëëÉÇ=çå=íç

éêçÇìÅí=éêáÅÉë=~í=íÜÉ=ëí~êí=çÑ=íÜÉ=ëÉÅçåÇ=èì~êíÉêK=mêçÇìÅí=éêáÅÉë=ïÉêÉ êÉîáëÉÇ=~Ö~áå=áå=íÜÉ=Ñáå~ä=èì~êíÉê=íç=ÅçãéÉåë~íÉ=Ñçê=íÜÉ=êáëÉ=áå=íÜÉ=éêáÅÉ çÑ=ëÅê~éK

=qÜÉ=êáëÉ=áå=íÜÉ=éêáÅÉ=çÑ=ëÅê~é=ïÉ~âÉåÉÇ=íÜÉ=êÉëìäí=Ñçê=íÜÉ=óÉ~ê=Äó

jbro=OKMK

=pÅê~é=éêáÅÉë=ïÉêÉ=ÉñíêÉãÉäó=îçä~íáäÉ=íÜêçìÖÜçìí=íÜÉ=óÉ~êK

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SLIDE 8

U

Wvstahl Sorte 8 pakettiromu / package scrap (eur / tn) (Lähde / Source: Wvstahl)

262,3 259,8 279,2 277,1 257,3 199,9 176,8 217,8 103,1 112,7 131,6 60 70 80 90 100 110 120 130 140 150 160 170 180 190 200 210 220 230 240 250 260 270 280 290 300

eur / tn

WV Stahl Sorte 8 (package) Fob Rotterdam HMS1/2 (eur/tn) WV Stahl Sorte 8 (package) yearly average

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SLIDE 9

V

Markets and developments by customer sector

=`çãéçåÉåí~Ûë=åÉí=ë~äÉë=êçëÉ=TUB=íç=jbro=PNSKN=~ë=íÜÉ=êÉëìäí=çÑ

çêÖ~åáÅ=ÖêçïíÜ=áå=ë~äÉë=~åÇ=íÜÉ=~Åèìáëáíáçå=çÑ=aÉ=däçÄÉK

=kÉí=ë~äÉë=çÑ=íÜÉ=`~ëí=~åÇ=líÜÉê=`çãéçåÉåíë=ÄìëáåÉëë=Öêçìé=áåÅêÉ~ëÉÇ

NRBI=çÑ=aÉ=däçÄÉ=PTB=~åÇ=çÑ=líÜÉê=_ìëáåÉëë=OOBK

=`çãéçåÉåí~Ûë=ÇÉäáîÉêáÉë=íç=íÜÉ=ÜÉ~îó=íêìÅâ=áåÇìëíêó=êçëÉ=ORB=Ñêçã=íÜÉ

éêÉîáçìë=óÉ~êK=dêçïíÜ=áå=íÜÉ=ÑçìêíÜ=èì~êíÉê=ï~ë=QRBK

=aÉäáîÉêáÉë=íç=çÑÑJêç~Ç=ã~åìÑ~ÅíìêÉêë=êçëÉ=PSBK=dêçïíÜ=áå=íÜÉ=ÑçìêíÜ

èì~êíÉê=ï~ë=QQBK

=p~äÉë=íç=íÜÉ=ã~ÅÜáåÉ=ÄìáäÇáåÖ=áåÇìëíêó=ÖêÉï=Äó=NQBK=dêçïíÜ=áå=íÜÉ

ÑçìêíÜ=èì~êíÉê=ï~ë=QSBK

=aÉäáîÉêáÉë=íç=íÜÉ=éçïÉê=~åÇ=íê~åëãáëëáçå=áåÇìëíêáÉë=áåÅêÉ~ëÉÇ=NRBK

dêçïíÜ=áå=íÜÉ=ÑçìêíÜ=èì~êíÉê=ï~ë=OPBK

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SLIDE 10

NM

10 20 30 40 50 60 70

I II III IV

10 20 30 40 50 60 70 80 90 100

I II III IV

2004 De Globe 2004 Cast and Other Components and Other Business 2003 Cast and Other Components and Other Business

Net sales and order book

jbro jbro

Order book Net sales

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SLIDE 11

NN

Operating profit and result after financial items (excluding one-time items)

MEUR MEUR %

Operating profit

1 2 3 4 5 6

I II III IV

1 2 3 4 5 6 7 2003 2004 2003 % 2004 %

  • 1,5
  • 1
  • 0,5

0,5 1 1,5 2 2,5 3 3,5 I II III IV 2003 2004

Profit/loss after financial items

slide-12
SLIDE 12

NO

Equity ratio, %

5 10 15 20 25 30 35

31.12.2003 31.12.2004

Preferred capital note in equity Preferred capital note in debt

slide-13
SLIDE 13

NP

Division of sales

Sales by business group Sales by market area

40 % 35 % 19 % 6 % Central Europe Scandinavia Finland Other countries 52 % 35 % 13 % Cast and Other Components De Globe Other Business

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SLIDE 14

NQ

Sales to customer industries

Heavy trucks 47% (55%) Off-road 24% (12%) Power and transmission 12% (15%) Machine building 15% (14%) Others 3% (4%)

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SLIDE 15

NR

MEUR

Sales to heavy truck industry

5 10 15 20 25 30 35 40 45 50

I II III IV

2004 De Globe 2003 De Globe 2004 Cast and Other Components and Other Business 2003 Cast and Other Components and Other Business

slide-16
SLIDE 16

NS

Sales to off-road industry

MEUR

2 4 6 8 10 12 14 16 18 20 22

I II III IV

2004 De Globe 2003 De Globe 2004 Cast and Other Components and Other Business 2003 Cast and Other Components and Other Business

slide-17
SLIDE 17

NT

MEUR=

Sales to machine building industry

2 4 6 8 10 12 14

I II III IV

2004 De Globe 2003 De Globe 2004 Cast and Other Components and Other Business 2003 Cast and Other Components and Other Business

slide-18
SLIDE 18

NU

MEUR=

Sales to power and transmission industry

2 4 6 8 10 12

I II III IV

2004 De Globe 2003 De Globe 2004 Cast and Other Components and Other Business 2003 Cast and Other Components and Other Business

slide-19
SLIDE 19

NV

Cast and Other Components

jbro jbro

Operating profit Net sales

%

5 10 15 20 25 30 35 40 45 50

I II III IV

2003 2004

0,5 1 1,5 2 2,5 3 3,5 4 4,5 5

I II III IV

1 2 3 4 5 6 7 8 9 10 2003 2004 2003 % 2004 %

slide-20
SLIDE 20

OM

Performance of Cast and Other Components

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éêçÇìÅí=éêáÅÉë=ÇìêáåÖ=íÜÉ=ëÉÅçåÇ=~åÇ=ÑçìêíÜ=èì~êíÉêëK=pÅê~é=éêáÅÉë=ïÉêÉ ÉñíêÉãÉäó=îçä~íáäÉK

=mêçÇìÅíáçå=~í=^äîÉëí~=ÅÉ~ëÉÇ=çå=NU=j~ó=OMMQK =mêçÇìÅíáçå=~í=íÜÉ=ìéÖê~ÇÉÇ=ÑçìåÇêó=áå=h~êââáä~=ëí~êíÉÇ=ìé=çå=O=^ìÖìëí

OMMQK=qÜÉ=ëí~êí=ìé=çÑ=éêçÇìÅíáçå=~ÑÑÉÅíÉÇ=íÜÉ=ÄìëáåÉëë=ÖêçìéÛë=êÉëìäí=áå=íÜÉ íÜáêÇ=èì~êíÉêK

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jbro=RKMK

=qÜÉ=éêáÅÉ=äÉîÉä=çÑ=ìåéêçÑáí~ÄäÉ=éêçÇìÅíë=ïáää=ÄÉ=ÅçêêÉÅíÉÇ=ÇìêáåÖ=OMMR

éêáÅÉ=åÉÖçíá~íáçåëK

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SLIDE 21

ON

5 10 15 20 25 30 35

I II III IV

2003 2004

De Globe

jbro jbro

Operating profit Net sales

%

  • 3
  • 2,5
  • 2
  • 1,5
  • 1
  • 0,5

0,5 1 I II III IV

  • 14
  • 12
  • 10
  • 8
  • 6
  • 4
  • 2

2 2003 2004 2003 % 2004 %

slide-22
SLIDE 22

OO

Performance of De Globe

=o~éáÇ=ÖêçïíÜ=áå=åÉí=ë~äÉëK

=qÜÉ=êÉëìäí=ëìÑÑÉêÉÇ=Ñêçã=íÜÉ=ëïáíÅÜ=íç=åçåJÅçåíáåìçìë=íÜêÉÉJëÜáÑí=éêçÇìÅíáçå

~í=íÜÉ=eçÉåëÄêçÉâ=~åÇ=tÉÉêí=ÑçìåÇêáÉëI=íç=ÅçéÉ=ïáíÜ=íÜÉ=ã~àçê=áåÅêÉ~ëÉ=áå éêçÇìÅíáçåI=~åÇ=Ñêçã=íÜÉ=áåÅêÉ~ëÉ=áå=íÜÉ=éêáÅÉ=çÑ=ëÅê~éK

=qÜÉ=éêáÅÉ=ëíêìÅíìêÉ=Ü~ë=ÄÉÉå=áå=ëçãÉ=êÉëéÉÅíë=ìåÜÉ~äíÜóK=mêáÅÉë=ïáää=ÄÉ

ÅçêêÉÅíÉÇ=Ñçê=OMMRK=fãé~Åí=çå=~îÉê~ÖÉ=éêáÅÉë=áë=ÉñéÉÅíÉÇ=íç=ÄÉ=ëçãÉ=RBK

=qÜÉ=éêçàÉÅí=íç=ê~áëÉ=éêçÇìÅíáîáíóI=ÅäçëáåÖ=Ççïå=íÜÉ=ÑçìåÇêó=áå=_ÉäÑÉäÇ=~åÇ

íê~åëÑÉêêáåÖ=éêçÇìÅíáçå=íç=íÜÉ=ÑçìåÇêó=áå=eçÉåëÄêçÉâI=Ü~ë=éêçÅÉÉÇÉÇ=çå ëÅÜÉÇìäÉK

=qÜÉ=áåîÉëíãÉåíë=íç=ÄÉ=ã~ÇÉ=áå=ÅçååÉÅíáçå=ïáíÜ=íÜÉ=íê~åëÑÉê=çÑ=éêçÇìÅíáçå

~åÇ=íÜÉ=Åçëíë=Ñçê=ÅäçëáåÖ=Ççïå=~åÇ=íê~åëÑÉêêáåÖ=çéÉê~íáçåë=íçí~ä=jbro=NOI=çÑ ïÜáÅÜ=jbro=V=ï~ë=áåÅìêêÉÇ=ÇìêáåÖ=OMMQK

=jÉêÖáåÖ=íÜÉ=ÑçìåÇêáÉë=ïáää=ÄêáåÖ=Éëíáã~íÉÇ=Åçëí=ë~îáåÖë=çÑ=jbro=Q=~=óÉ~ê=~ë

Ñêçã=ëìããÉê=OMMRK

=qÜÉ=áåÇìëíêá~ä=éêÉãáëÉë=áå=_ÉäÑÉäÇ=ïÉêÉ=ëçäÇ=áå=aÉÅÉãÄÉê=Ñçê=~=éêáÅÉ=çÑ=jbro

PKQK

slide-23
SLIDE 23

OP

Other Business

jbro jÉ

Operating profit (excluding one-time items) Net sales

2 4 6 8 10 12 14

I II III IV

2003 2004

  • 1
  • 0,5

0,5 1 1,5 I II III IV 2003 2004

slide-24
SLIDE 24

OQ

Other Business and Associated companies

=kÉí=ë~äÉë=çÑ=íÜÉ=táêëÄç=ÑçêÖÉë=áåÅêÉ~ëÉÇ=Ñêçã=íÜÉ=éêÉîáçìë=óÉ~ê=~åÇ

çéÉê~íáåÖ=éêçÑáí=áãéêçîÉÇ=~åÇ=íìêåÉÇ=éçëáíáîÉ=áå=ÅçåëÉèìÉåÅÉ=çÑ=íÜÉ=Åçëí ÅìííáåÖ=éêçÖê~ããÉK

=qÜÉ=Åçëí=ÅìííáåÖ=éêçÖê~ããÉ=~åÇ=~Åíáçå=íç=ÉåÜ~åÅÉ=çéÉê~íáçåë=~êÉ

ÉñéÉÅíÉÇ=íç=ÅçåíáåìÉ=íç=áãéêçîÉ=táêëÄçÛë=êÉëìäí=áå=OMMRK

=qÜÉ=ëÜ~êÉ=çÑ=íÜÉ=êÉëìäí=çÑ=íÜÉ=~ëëçÅá~íÉÇ=Åçãé~åáÉë=ï~ë=bro=NKO=ENKPF

ãáääáçåK

=`çãéçåÉåí~=ëçäÇ=áíë=qÜÉêãá~=^_=ëÜ~êÉë=íç=mêçÅìêáí~ë=`~éáí~ä=fåîÉëíçêë

fff=áå=íÜÉ=Ñáêëí=èì~êíÉêK

=hÉóÅ~ëí=Ü~Ç=åÉí=ë~äÉë=çÑ=jbro=PRKP=EPPKSF=~åÇ=íÜÉ=êÉëìäí=~ÑíÉê=Ñáå~åÅá~ä

áíÉãë=ï~ë=jbro=OKN=ENKSFK

=räÉÑçë=Ü~Ç=åÉí=ë~äÉë=çÑ=jbro=PPKP=EOSKQF=~åÇ=íÜÉ=êÉëìäí=~ÑíÉê=Ñáå~åÅá~ä

áíÉãë=ï~ë=jbro=OKT=EJMKPFK

slide-25
SLIDE 25

OR

Prospects Q1/2005

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SLIDE 26

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Prospects Q1/2005

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SLIDE 27

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Long term financial objectives

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