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Klöckner & Co SE - Interim Report Q2 2017

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Klöckner & Co SE - Interim Report Q2 2017

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Klöckner & Co SE - Interim Report Q2 2017

  1. 1. Q2 Interim Report as of June 30, 2017
  2. 2. 3 Klöckner & Co Group Figures
  3. 3. 3 Balance sheet December 31, 2016 Variance June 30, 2016 Variance Employees December 31, 2016 Variance June 30, 2016 Variance Shipments and income statement Q2 2016 Variance HY1 2016 Variance Cash flow statement Q2 2016 Variance HY1 2016 Variance
  4. 4. 4      
  5. 5. 5 “Klöckner & Co 2020”
  6. 6. 6
  7. 7. 7
  8. 8. 8
  9. 9. 9
  10. 10. 10
  11. 11. 11 Macroeconomic situation Development of GDP (in %) Europe*) 2.0 Americas Brazil 0.0 China 6.9 Industry-specific situation
  12. 12. 12 Trend in key customer industries
  13. 13. 13 Q2 2016 HY1 2016 June 30, 2016 December 31, 2016 June 30, 2016 December 31, 2016
  14. 14. 14 Shipments and sales Q2 2016 HY1 2016 Group sales 1,640 1,517 3,242 2,903 Q2 2016 HY1 2016
  15. 15. 15 Q2 2016 HY1 2016 OPEX -275 -290 -565 -578 Q2 2016 HY1 2016 Klöckner & Co-Group 63 72 140 88
  16. 16. 16 HY1 2016 EBITDA 140 88 EBIT 95 41 EBT 79 26 Net income 59 19
  17. 17. 17 December 31,2016 Total assets 3,084 2,897 Total equity and liabilities 3,084 2,897
  18. 18. 18 June 30, 2016 December 31, 2016 Net Working Capital 1,306 1,168 1,120 June 30, 2016 December 31, 2016
  19. 19. 19 Consolidated statement of cash flows Q2 2016 HY1 2016 Free cash flow -17 4 -56 0
  20. 20. 20 Expected global economic growth Expected development of GDP (in %) Europe*) 1.9 Americas China 6.7
  21. 21. 21 Expected steel sector trend Expected trend in our core customer sectors
  22. 22. 22 Current assessment of opportunities and risks
  23. 23. 23
  24. 24. 24
  25. 25. 25 Q2 2016 HY1 2016
  26. 26. 26 Q2 2016 HY1 2016 Operating result 40,781 49,331 95,236 41,262 Financial result -8,275 -7,193 -16,508 -15,270 Income before taxes 32,506 42,138 78,728 25,992 Net income 23,570 32,602 59,496 18,897 Earnings per share (€/share) – basic 0.23 0.59 0.18 – diluted 0.22 0.56 0.18
  27. 27. 27 Q2 2016 HY1 2016 Net income 23,570 32,602 59,496 18,897 Total 27,766 -24,906 31,922 -79,901 Total -22,558 10,764 -25,181 -3,812 Other comprehensive income 5,208 -14,142 6,741 -83,713 Total comprehensive income 28,778 18,460 66,237 -64,816
  28. 28. 28 December 31, 2016 Non-current assets Total non-current assets 848,949 897,029 Current assets Total current assets 2,234,757 1,999,507 Total assets 3,083,706 2,896,536
  29. 29. 29 December 31, 2016 Equity Equity attributable to shareholders of Klöckner & Co SE 1,184,848 1,139,196 Total equity 1,191,942 1,147,953 Non-current liabilities Total non-current liabilities 898,491 948,578 Current liabilities Total current liabilities 993,273 800,005 Total liabilities 1,891,764 1,748,583 Total equity and liabilities 3,083,706 2,896,536
  30. 30. 30 Q2 2016 HY1 2016 Cash flow from operating activities -2,481 21,702 -79,990 26,943 Cash flow from investing activities -14,586 -17,323 24,170 -26,868 Cash flow from financing activities 7,081 -103,515 74,349 -91,968 Changes in cash and cash equivalents -9,986 -99,136 18,529 -91,893 Cash and cash equivalents at the end of the reporting period as per statement of financial position 150,994 67,371 150,994 67,371
  31. 31. 31 Accumulated other comprehensive income Subscribed capital of Klöckner & Co SE Capital re- serves of Klöckner & Co SE Retained earnings Currency trans- lation adjustments Actuarial gains and losses (IAS 19) Fair value adjust- ments of financial instruments Equity attributable to share- holders of Klöckner & Co SE Non- controlling interests Balance as of January 1, 2016 249,375 664,182 164,852 175,109 -146,849 -1,848 1,104,821 8,606 1,113,427 Other comprehensive income -83,690 -23 -83,713 Total comprehensive income -65,425 609 -64,816 Balance as of June 30, 2016 249,375 664,182 183,117 171,406 -226,726 -1,958 1,039,396 9,215 1,048,611 Balance as of January 1, 2017 249,375 682,412 201,687 190,842 -182,782 -2,338 1,139,196 8,757 1,147,953 58,866 58,866 630 59,496 Total comprehensive income 65,602 635 66,237 Change of non–controlling interests -2,298 -2,298 Balance as of June 30, 2017 249,375 682,412 240,603 160,494 -150,865 2,829 1,184,848 7,094 1,191,942
  32. 32. 32 (1) Basis of presentation Closing rate Average rate December 31, 2016 HY1 2016
  33. 33. 33 (2)New accounting standards and interpretations Standard/Interpretation (3) Earnings per share HY1 2016 Basic earnings per share (€/share) 0.59 0.18 Diluted earnings per share (€/share) 0.56 0.18
  34. 34. 34 (4) Inventories December 31, 2016 Inventories 1,119 1,006 (5) Financial liabilities December 31, 2016 Non-current financial liabilities Total non-current financial liabilities 518 527 Current financial liabilities Total current financial liabilities 112 44 Financial liabilities as per consolidated balance sheet 631 572 December 31, 2016 Financial liabilities as per consolidated balance sheet 631 572 Gross financial liabilities 637 578 Net financial debt (before deduction of transaction cost) 486 444
  35. 35. 35 (6) Financial instruments Financial assets as of June 30, 2017 Measurement in accordance with IAS 39 IAS 17 Carrying amount Amortized costs Fair value recognized in profit and loss Fair value recognized in equity Amortized costs Not covered by the scope of IFRS 7 Fair value Non-current financial assets Current financial assets Total 1,092,627 1,081,203 635 474 - 10,315 1,082,312
  36. 36. 36 Financial liabilities as of June 30, 2017 Measurement in accordance with IAS 39 IAS 17 Carrying amount Amortized costs Fair value recognized in profit and loss Fair value recognized in equity Amortized costs Not covered by the scope of IFRS 7 Fair value Non-current financial liabilities Current financial liabili- ties Total 1,365,085 1,296,025 164 - 23,430 45,466 1,337,266
  37. 37. 37 Financial assets as of December 31, 2016 Measurement in accordance with IAS 39 IAS 17 Carrying amount Amortized costs Fair value recognized in profit and loss Fair value recognized in equity Amortized costs Not covered by the scope of IFRS 7 Fair value Non-current financial assets Current financial assets Total 901,512 884,908 1,638 - - 14,966 886,546
  38. 38. 38 Financial liabilities as of December 31, 2016 Measurement in accordance with IAS 39 IAS 17 Carrying amount Amortized costs Fair value recognized in profit and loss Fair value recognized in equity Amortized costs Not covered by the scope of IFRS 7 Fair value Non-current financial liabilities Current financial liabili- ties Total 1,153,208 1,102,755 298 260 24,931 24,964 1,154,219
  39. 39. 39 (7) Subsequent events (8) Related party transactions
  40. 40. 40 (9) Segment reporting Europe Americas Headquarters/ Consolidation Total HY1 2016 HY1 2016 HY1 2016 HY1 2016 Europe Americas Headquarters/ Consolidation Total FY 2016 FY 2016 FY 2016 FY 2016 HY1 2016 Income before taxes 79 26
  41. 41. 41
  42. 42. 42
  43. 43. 43
  44. 44. 44

Klöckner & Co SE - Interim Report Q2 2017

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