Atlas Copco Q1/2011 results
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Atlas Copco Q1/2011 results

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Atlas Copco Q1/2011 results Atlas Copco Q1/2011 results Presentation Transcript

  • Atlas Copco Group Q1 Results April 20, 2011
  • Q1 - highlights
    • Very strong order intake
      • Record orders received in all business areas
    • Record operating margin
      • All business areas improved
    • New business area structure as of July 1
    April 20, 2011
    • Strengthen focus on specific product and customer segments
    • Capture more of the aftermarket potential
    • Increase sales and service synergies between construction related divisions
    New business area structure Why? April 20, 2011
  • Four business areas April 20, 2011 Compressor Technique Industrial Technique Mining and Rock Excavation Technique Construction Technique
    • Industrial compressors
    • Gas and process
    • compressors
    • Air and gas treatment
    • Service
    • Industrial tools
    • Assembly systems
    • Service
    • Rock drilling equipment -
    • underground and surface
    • Loaders and trucks
    • Mobile crushing
    • Exploration drilling and
    • ground engineering
    • Rock drilling tools
    • Service
    • Light construction
    • equipment
    • Road development
    • equipment
    • Portable compressors
    • and generators
    • Service
    • 2010 figures pro-forma
    • Revenues BSEK 30.0
    • Operating margin ~25%
    • 2010 figures reported
    • Revenues BSEK 6.5
    • Operating margin 19.5%
    • 2010 figures pro-forma
    • Revenues BSEK 22.5
    • Operating margin ~22%
    • 2010 figures pro-forma
    • Revenues BSEK 11.2
    • Operating margin ~10%
  • New business area president Mining and Rock ExcavationTechnique Bob Fassl April 20, 2011
  • Q1 - figures in summary
    • Orders received MSEK 21 675, 33% organic growth
    • Revenues of MSEK 18 223; 27% organic growth
    • Operating profit increased 52% to MSEK 3 987
      • Operating margin at 21.9% (17.2)
    • Profit before tax at MSEK 4 056 (2 497)
      • MSEK 151 capital gain related to sale of shares in Rental Service
    • Basic earnings per share SEK 2.48 (1.53)
    • Operating cash flow MSEK 2 026 (2 223)
    April 20, 2011
  • Orders received - local currency Group total +36% YTD Structural change +3% YTD March 2011 April 20, 2011 19 +50 A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % 10 +24 A B 29 +24 10 +26 25 +53 7 +23
  • Q1 - the Americas
    • Strong growth in North America
      • Record quarter for the mining business
      • Order intake for compressed air equipment and industrial tools remained strong
      • Favorable demand development for construction equipment
    • Record orders received in South America
      • Strong demand from all customer segments
    April 20, 2011 March 2011 A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % A B 19 +50 10 +24
  • Q1 - Europe and Africa/Middle East
    • Order growth in all parts of Europe
      • Strong growth in western and eastern Europe, moderate in the south
      • Orders received for all major types of equipment improved
      • Solid growth in the aftermarket
    • Africa / Middle East remained strong
      • Strong demand in southern Africa, especially from mining
      • Turmoil in northern Africa and the Middle East had a slight negative impact
    April 20, 2011 March 2011 A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % A B 29 +24 10 +26
  • Q1 - Asia and Australia
    • Strong demand for all types of equipment in Asia
      • Record orders received
      • Very strong order intake in China
      • Great quarter in India
    • Record orders received in Australia
      • Continued strong demand in mining
    April 20, 2011 March 2011 A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % A B 25 +53 7 +23
  • Organic * growth per quarter
    • Change in orders received in % vs. same quarter previous year
    April 20, 2011 Atlas Copco Group, continuing operations *Volume and price
  • Atlas Copco Group – sales bridge April 20, 2011
  • Compressor Technique
    • Strong demand and record order intake
      • 31% organic order growth vs. Q1 2010
      • Strong order intake for stationary industrial compressors as well as for portable compressors and generators
      • Improved sales for gas and process compressors
      • Continued good development in the aftermarket business
    • Operating margin at 23.9% (20.6)
      • Supported by volume and price
    • Acquisition of cryogenic pump business
    April 20, 2011
  • Compressor Technique April 20, 2011 *Volume and price
  • Construction and Mining Technique
    • Record order intake – 35% organic order growth
      • Very strong demand from the mining industry
      • Further improvement for construction equipment
    • Record operating profit and margin
      • Operating margin at 20.6% (15.4), supported by higher production volumes and price. Negative currency effect.
    • Several new products launched
    April 20, 2011
  • Construction and Mining Technique April 20, 2011 *Volume and price
  • Industrial Technique
    • Record orders received
      • 33% organic order growth vs. Q1 2010
      • Good demand from all customer segments
      • Strong development in the Americas, Europe and Asia
    • Operating profit increased 65%
      • Operating margin at 22.7% (16.4)
      • Positively affected by increased higher volumes and price
    April 20, 2011
  • Industrial Technique April 20, 2011 *Volume and price
  • Group total April 20, 2011
  • Profit bridge January – March, 2011 vs 2010 April 20, 2011
  • Profit bridge – by business area January – March, 2011 vs 2010 April 20, 2011
  • Balance sheet April 20, 2011
  • Capital structure Net Debt*/EBITDA * Net Debt adjusted for the fair value of interest rate swaps April 20, 2011
  • Cash flow April 20, 2011
  • Near-term outlook
    • The overall demand for the Group’s products and services is expected to increase somewhat. The demand in the emerging markets as well as from the mining industry is expected to stay strong. Most other markets, except southern Europe and northern Africa, are expected to continue to develop positively.
    April 20, 2011
  • April 20, 2011
  •  
  • Cautionary Statement
    • “ Some statements herein are forward-looking and the actual outcome could be materially different. In addition to the factors explicitly commented upon, the actual outcome could be materially and adversely affected by other factors such as the effect of economic conditions, exchange-rate and interest-rate movements, political risks, the impact of competing products and their pricing, product development, commercialization and technological difficulties, supply disturbances, and major customer credit losses.”
    April 20, 2011