Jungheinrich Group Reports 12% Rise in Q1 Net Sales and EBIT
1. Jungheinrich Group—Conference Call
Interim Report as of March 31, 2014
60 Years of Passion for Logistics
Hans-Georg Frey, Chairman of the Board of Management
Dr. Volker Hues, Member of the Board of Management, Finance
May 8, 2014
2. Highlights—Q1 2014
Conference Call—May 8, 20142
World material handling equipment market grows by 10%
Market volume up 10% in Western Europe, but down 7% in Eastern
Europe
Net sales and EBIT both rise by 12%
Production significantly expanded
Net sales and EBIT for 2014 forecasts raised
3. Source: WITS 3/2014.
World Material Handling Equipment Market—3/2014
Growth Rates by Region
in terms of units; compared to 3/2013
Western
Eastern
Europe
Asia
North America
World
World Market
thousands of units
3
3/2013 3/2014
thereof
China +18%
+7%
+10%
-7%
+17%
+10%
247.2 272.3
+14%
Conference Call—May 8, 2014
thereof Russia -24%
4. Incoming Orders of all Business Fields
4 Conference Call—May 8, 2014
in million €
Q1 2013 Q1 2014
+2%587 600
Incoming orders +2% following 2013
year-end dash (major new trucks order
and bring-forward effects in Q4 2013)
5. Incoming Orders Production
Business Trend—New Truck Business
5 Conference Call—May 8, 2014
in units
22,03920,46919,449 16,616
Q1 2013 Q1 2014
+33%+5%
Q1 2013 Q1 2014
6. 6
Orders on Hand—New Truck Business
Conference Call—May 8, 2014
in million €
394
12/31/2013 03/31/2014
366 +8%
The order reach is thus
four months
7. Consolidated Net Sales
7 Conference Call—May 8, 2014
in million €
Q1 2013 Q1 2014
514 575+12%
New truck business records
disproportionately strong growth (+23%)
After-sales services post 5% rise in net
sales
Domestic net sales up 6%
Foreign net sales increased by 14%, driven
by France, the United Kingdom and Spain as
well as the Czech Republic and Poland
Non-European net sales climb by
38%—supported by marked gains in net
sales in Asia; share of consolidated net
sales grows from 8% to 10%
8. EBIT
8 Conference Call—May 8, 2014
in million €
Q1 2013 Q1 2014
36.0 40.2
7.0%EBIT ROS
+12%
7.0%
EBIT rises due to good level of plant
capacity utilization (consequence of high
level of incoming orders in Q4 2013)
Reporting quarter takes account of
€1.3 million fund transfer recognized as
an expense to the assets of the
Dr. Friedrich Jungheinrich Foundation
9. R&D and Capital Expenditures
Conference Call—May 8, 20149
in million €
Capital ExpendituresR&D Expenditures
Capex ratio as a percentage of net salesCapitalization ratio
Focal points: energy efficiency of
drive systems, automation of material
handling equipment
Capitalization ratio rises owing to increase
in major product developments
10.9 12.0
Q1 2013
23 14
4% 2%18% 25%
Q1 2014 Q1 2013 Q1 2014
Reporting-quarter figures reflect first
effects of construction of new corporate
headquarters and training centre
Capex on large-scale strategic projects
completed in 2013
10. 6,094 6,599
5,167
5,458
Workforce Trend
10
in full-time equivalent (FTE)
12/31/2013 03/31/2014
Germany
Abroad
12,057
11,840
+2%
Conference Call—May 8, 2014
■ Focus of continued workforce
expansion remains on
sales—in the first quarter
primarily in Europe
12. 12
€175 million - €185 million1
€45 million - €50 million
Incoming orders
Net sales
Earnings before interest and
taxes (EBIT)
Capital expenditures on
tangible assets
Research and development
expenditures
1 2013 incoming orders: €2.4 billion, net sales: €2.3 billion, 2013 EBIT: €172 million.
€85 million - €95 million
€2.4 billion - €2.5 billion1
€2.4 billion - €2.5 billion1
15% - 20%ROCE
Conference Call—May 8, 2014
2014 Outlook—Net Sales and EBIT Forecasts Raised
13. Conference Call—May 8, 201413
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 interim Group management report and no ensuing liability is assumed.