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  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012

Transcript

  • 1. Atlas Copco Group Q4 2011 results January 31, 2012
  • 2. Q4 - highlights
    • Overall demand at a high level
      • Solid development in manufacturing and mining business
      • Weakening demand for some types of equipment
      • Strong growth in aftermarket
    • Record revenues
    • Increased operational investments and acquisitions
    • Proposed dividend of SEK 5.00 (4.00) per share, totaling MSEK 6 058
    January 31, 2012
  • 3. Q4 - figures in summary
    • Orders received of MSEK 21 927 (19 374), 14% organic growth
    • Revenues of MSEK 22 290 (19 401), 16% organic growth
    • Operating profit increased by 15% to MSEK 4 596
      • Adjusted margin at 21.7% (21.6)
        • Restructuring costs of MSEK 125 in Corporate and in Construction Technique
        • Negative effect of MSEK 116 (177) from share-related long-term incentive programs
    • Profit before tax at MSEK 4 436 (3 920)
      • MSEK 43 capital gain related to sale of all remaining shares in RSC Holdings
    • Basic earnings per share SEK 2.78 (2.39)
    • Operating cash flow at MSEK 1 574 (2 529)
    January 31, 2012
  • 4. Orders received - local currency January 31, 2012 Group total +24% YTD, +16% last 3 months Structural change +2% YTD, +2% last 3 months December 2011 A B C 19 +37 +19 10 +16 +22 31 +19 +13 11 +29 +1 22 +23 +14 7 +23 +63 A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % C = Last 3 months vs. previous year, %
  • 5. Q4 - Americas
    • Good demand in North America
      • Increased order intake in all business areas
        • Record high for Industrial Technique and Construction Technique
      • Strong growth in aftermarket
    • Strong South America
      • Mining and manufacturing growth drivers
      • Demand from the construction industry remained weak
    January 31, 2012 December 2011 A B C A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % C = Last 3 months vs. previous year, % 19 +37 +19 10 +16 +22
  • 6. Q4 - Europe and Africa/Middle East
    • Stable demand in Europe compared to Q3
      • Strong development in northern Europe, weak in the south
      • Orders for mining and civil engineering increased
    • Healthy demand in in Africa / Middle East
    January 31, 2012 December 2011 A B C A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % C = Last 3 months vs. previous year, % 31 +19 +13 11 +29 +1
  • 7. Q4 - Asia and Australia
    • High order intake in Asia
      • Strong demand, except for some types of construction equipment
      • Continued strong growth in aftermarket
    • Record orders received in Australia
      • Several sizeable orders from the mining industry
      • Strong aftermarket
    January 31, 2012 December 2011 A B C A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % C = Last 3 months vs. previous year, % 22 +23 +14 7 +23 +63
  • 8. Organic * growth per quarter
    • Change in orders received in % vs. same quarter previous year
    January 31, 2012 Atlas Copco Group, continuing operations *Volume and price
  • 9. Atlas Copco Group – sales bridge January 31, 2012
  • 10. Atlas Copco Group January 31, 2012 2011 Compressor Technique 39% Industrial Technique 9% Construction Technique 36% Revenues per business area Mining and Rock Excavation Technique 16%
  • 11. Compressor Technique
      • Healthy demand for industrial compressors and aftermarket
      • 12% organic order growth
    • Record revenues and operating profit
      • Solid operating margin at 23.3% (24.9)
    • New factory in China
    • Acquisitions in China and the United States
    • Quality Air division created
    January 31, 2012
  • 12. Industrial Technique
    • 26% organic order growth
      • Strong demand from the motor vehicle industry in all major markets
      • Positive development in the aftermarket
    • Record revenues and operating profit
      • Operating margin at 23.6% (21.9)
    • Acquisitions in new technologies
    January 31, 2012
  • 13. Mining and Rock Excavation Technique
    • Continued high mining demand
      • 21% organic order growth and record orders received
      • Strong growth in aftermarket
    • Record revenues and operating profit
      • Operating margin at 25.1% (23.5)
    • Acquisitions in presence and new products
    January 31, 2012
  • 14. Construction Technique
    • Weak demand
      • Orders received -9%, organically
      • Orders particularly low for road construction equipment
      • Favorable aftermarket development
    • Operating margin was 4.1% (10.5)
      • Affected by low production volumes and restructuring costs of MSEK 75
      • Adjusted operating margin 6.6%
    January 31, 2012
  • 15. Group total January 31, 2012 October – December 2011 vs. 2010
  • 16. Profit bridge January 31, 2012 October – December 2011 vs. 2010
  • 17. Profit bridge – by business area January 31, 2012 October – December 2011 vs. 2010
  • 18. Balance sheet January 31, 2012
  • 19. Capital structure January 31, 2012 Net Debt*/EBITDA * Net Debt adjusted for the fair value of interest rate swaps
  • 20. Cash flow January 31, 2012
  • 21. 2011 – A fantastic year
    • Strong demand development
    • Continued investments in market presence, new technologies and new products, product development and production capacity
    • Record 4
      • Order intake increased to MSEK 86 955, a 22% organic increase
      • Revenues up 16% to MSEK 81 203, a 22% organic increase
      • Operating profit up 26% to MSEK 17 560
      • Operating margin of 21.6%
    • Operating cash flow of MSEK 6 292 (9 698)
    • Proposed dividend of SEK 5.00 (4.00) per share
    January 31, 2012
  • 22. Revenues and operating profit January 31, 2012
  • 23. Atlas Copco Group January 31, 2012 Earnings per Share, Dividend and Redemption * Proposed by the Board of Directors
  • 24. Near-term outlook
    • The overall demand for Atlas Copco’s products and services is expected to weaken somewhat from the current high level.
    January 31, 2012
  • 25.  
  • 26. January 31, 2012