H1/19 Analyst Presentation
Webcast, 5 August 2019
Daniel Bättig, CFO
Interroll Holding AG

interroll.com

Our Growth Strategy

Service Business
GeographicExpansion
InnovativeProductsAmericas

EMEA-

New Interroll DC Platform(launched 19 February)-

New Modular Pallet Conveyor
Platform (MPP)(launched 19 February)-More new products in
preparation

Service Business

Geographic Expansion

Innovative Products--

New plant inSouthern Germany“Cell division” in a
Sorter plant and a
Conveyors plant-

CapEx EUR 40m-

Launch in late 2020-

Asia-PacificSecond plant in
Atlanta, fourth plantin the USA--

CapEx USD 11m--

Launch in late 2019

First own plant inSoutheast Asianmarket
New factory inThailand
launched inApril 2019-

High growth potential-

Installed base greatly
expanded-

Further expansion of serviceorganisation-New business models indevelopment

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Innovative Solutions:
The new Interroll DC Platform A versatile modular direct current (DC) platform
consisting of three elements:
A new RollerDrive, the EC5000, new control cards
and new power supplies.

 The new Interroll DC Platform is a decisive step
into the digital world, enabling the use in anIndustry 4.0 context,
M2M Communication andPredictive Maintenance.

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Innovative Solutions:
The new Modular Pallet Conveyor Platform (MPP) New modular system forPallet Conveyor Technology (MPP)
similar to the
Modular Conveyor Platform (MCP) Control system: Similar to Conveyor
Technology for light loads

 Optimal addition to the Pallet Flow
Storage product group

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Performance summary H1/19

-7.9% Order intake decline (Previous Year: +32.8%)
Local currency: -6.0%
All regions show a decline in order intake+8.4% Net sales growth (Previous Year: +18.4%)
Local currency: +10.4%Conveyors & Sorters (+17.5%) and Rollers (+7.3%) show record levels+23.3% EBIT growth to CHF 31.2m (Previous Year: CHF 25.3m)
High cost discipline underlined+29.9% Plus in Operational Cash Flow: CHF 40.6m (PY: CHF 31.2m)
15.6% from Net sales (PY: 13.0% from Net sales)
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Order intake: CHF 299.0m (-7.9%)

Local currency: -6.0%

In CHF million
350

3427147

128

17588

 Earlier announced large project orderin South Korea included Solution business slowed in H1/19:
Pallet & Carton Flow: -21.0%
Conveyors & Sorters: -12.7%

87

 Book-to-bill Ratio: 1.15 (PY: 1.35)
5657

1806

1906

01506

1606

1706

Rollers

DrivesConveyors/Sorters

Pallet/Carton Flow
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Record net sales: CHF 260.8m (+8.4%)

Local currency: +10.4%

 Net sales development: EMEA +6.8%, Americas +22.4%, Asia -13.3%
 Shares from total Net sales: EMEA: 60%, Americas: 30%, Asia: 10%

EMEA

AMERICASASIA

Net sales in CHF million

300

15001506

1606

1706

1806

1906
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EBIT: CHF 31.2m (+23.3%)

In CHF million
EBITEBIT-Margin4012%

 Gross margins worldwide under pressure Less R&D compared to PY
EBITDA CHF 43.5m (+22.4%)
EBITDA-Margin 16.7% (PY: 14.8%)

31,225,3206%

 Depreciation up
 Amortisation slightly up

EBIT CHF 31.2m (+23.3%)
EBIT-MARGIN 11.9% (PY: 10.5%)
00%
1506

1606

1706

1806

1906

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Net income: CHF 23.1m (+24.2%)

In CHF million
Net Income

Net Income-Margin259%

 Slightly negative foreign currency result
 Higher tax quote

23,118,6

Net income CHF 23.1m (+24.2%)
Net income-Margin 8.8% (PY: 7.7%)
135%

00%
1506

1606

1706

1806

1906

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Operational Cash Flow: CHF 40.6m (+29.9%)

In CHF million
Operational Cash Flow

Margin5016%

 Higher Net income, depreciation, amortisation
 More downpayments received from customers

40,6Operational Cash Flow CHF 40.6m (+29.9%)
Margin 15.6% (PY: 13.0%)

31,2
258%

 Investments CHF 11.7m (PY: CHF 15.6m)
Free Cash Flow CHF 29.2m (+62.6%)
Margin 11.2% (PY: 7.5%)
00%
1506

1606

1706

1806

1906

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Creating value:
RONA 18.1% and ROE 16.3%

ROE vs. WACC of 9%
20%

10%

0%
ROE

2010
11,1%

2011
13,4%

2012
12,8%

2013
11,9%

2014
9,9%

2015
14,4%

2016
16,4%

2017
15,8%

2018
19,0%

H1/19
16,3%

WACC

9,0%

9,0%

9,0%

9,0%

9,0%

9,0%

9,0%

9,0%

9,0%

9,0%

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Profitable growth– now and in futureInterroll is expecting the business dynamics to slow down in H2/19.
Based on its strong market position, its innovative products and the fast
growing end markets served (E-Commerce, Airports, Food & Beverage,Distribution & Industry), Interroll sees significant potential long term.

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Thank you for your attention
Do you have any questions?

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Contacts

Daniel Bättig, MBA, CPA
Chief Financial Officer
Interroll Holding AG
Via Gorelle 36592 Sant’Antonino
Switzerlandd.baettig@interroll.com
Phone +41 91 850 25 44
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Disclaimer

This presentation contains certain future-oriented statements. Future-oriented
statements include all statements which do not relate to historical facts and events andcontain future-oriented expressions such as “believe”, “estimate”, “assume”, “expect”,“forecast”, “intend”, “could” or “should” or expressions of a similar kind. Such futureoriented statements are subject to risks and uncertainties since they relate to future
events and are based on the company’s current assumptions, which may not in the
future take place or be fulfilled as expected.
Even if the actual results for Interroll Holding AG, including its financial position andprofitability and the economic and regulatory fundamentals, are in accordance withsuch future-oriented statements in this presentation, no guarantee can be given that
this will continue to be the case in the future as development in the economic andregulatory frameworks my vary substantially from those explicitly or implicitly assumed
or described in this presentation.

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