Componenta Corporation Financial statements 1 January 31 December - PowerPoint PPT Presentation

Componenta Corporation Financial statements 1 January – 31 December 2009 `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 1 26.1.2010

2009 in brief ● Net sales were MEUR 299.6 (MEUR 681.4). Net sales fell 56.0%. ● Operating profit excluding one-time items was MEUR -15.4 (47.9). ● Result after financial items excluding one-time items was MEUR -37.2 (MEUR 19.2). ● Cash flow from operations was MEUR 14.2 (MEUR 29.4). ● Net sales for the fourth quarter were MEUR 76.1 (MEUR 125.3), operating profit excluding one-time items MEUR -1.7 (MEUR -6,0), profit after financial items excluding one-time items MEUR -6.5 (MEUR -16.1) and cash flow from operations MEUR 8.1 (MEUR 5.5). ● Unused committed credit facilities and cash in bank at the year-end were MEUR 46.1. ● The Board of Directors’ proposal for the Annual General Meeting is that no dividend will be paid from year 2009. `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 2 26.1.2010

Events after end of period • Componenta changes its organization and to strengthen common way of operating starting from 1 February 2010. • The Group’s business operations will be organized into four operational areas, which are Turkey, Finland, Holland and Sweden. • Group-wide operational development functions and processes – supply chain management, development of foundry and machine shops technology, purchasing and internal sourcing – support the operational areas and operations management and add value to the customers. • Yrjö Julin was appointed Chief Operating Officer and the member of Componenta Executive Team, being responsible for operations management at Componenta. `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 3 26.1.2010

Componenta Group starting from 1 February 2010 PRESIDENT AND CEO CORPORATE EXECUTIVE H. Lehtonen TEAM H. Lehtonen, Ch. Y.Julin CFO Mika Hassinen HUMAN RESOURCES Anu Mankki H. Göral Finance & Controlling , IT M. Hassinen A. Mankki P. Aarniovuori, Secr. Pirjo Aarniovuori SERVICE COMPANIES COMMUNICATIONS OPERATIONS SALES AND ENGINEERING Yrjö Julin PRODUCT MANAGEMENT DEVELOPMENT H Stribjons H. Lehtonen OPERATIONS DEVELOPMENT OPERATIONS MANAGEMENT Supply chain management OFF-ROAD AND EUROPE Michael Sjöberg OPERATIONS TURKEY Antti Lehto Mikko Mykrä Hakan Göral Engineering Center Foundry technology HEAVY TRUCKS Käpylä development OPERATIONS FINLAND Tapio Rantala Jari Leino Olli Karhunen Maurice Ruiter Machining technology Engineering Center WIND AND NORDIC OPERATIONS SWEDEN development Weert Lauri Eklin Michael Sjöberg Juha Alhonoja Seyfi Degirmenci Purchasing OPERATIONS HOLLAND TURKEY Engineering Center Henk Klever Patrick Steensels Hakan Göral Orhangazi Internal sourcing Lütfi Erten SALES COMPANIES Antti Lehto `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 4 26.1.2010

Income statement 2009 2009 2008 1 - 12 1 - 12 MEUR Net sales 681.4 299.6 Operating profit, excluding one-time items 47.9 -15.4 Financial income and expenses -28.7 -21.8 Result after financial items, excluding one-time items 19.2 -37.2 One-time items -0.6 0.0 Result after financial items 18.6 -37.2 Net result, excluding one-time items 14.4 -28.7 Net result 13.9 -28.7 Earnings per share, EUR, excluding one-time items 1.28 -2.30 Earnings per share, EUR 1.24 -2.30 `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 5 26.1.2010

Income statement Q4/2009 2009 2008 Q4 Q4 MEUR Net sales 125.3 76.1 Operating profit, excluding one-time items -6.0 -1.7 Financial income and expenses -10.1 -4.9 Result after financial items, excluding one-time items -16.1 -6.5 One-time items -0.2 0.0 Result after financial items -16.3 -6.5 Net result, excluding one-time items -12.4 -5.3 Net result -12.6 -5.3 Earnings per share, EUR, excluding one-time items -1.07 -0.32 Earnings per share, EUR -1.08 -0.32 `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 6 26.1.2010

Quarterly development of net sales 2004 – 2009 MEUR 220 200 180 160 140 120 100 80 60 40 20 0 4 4 4 4 5 5 5 5 6 6 6 6 7 7 7 7 8 8 8 8 9 9 9 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 / / / / / / / / / / / / / / / / / / / / / / / / 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 7 26.1.2010

Key ratios MEUR 31.12.2009 31.12.2008 Equity ratio, % (preferred capital note in equity) 27.3 26.5 Return on equity, % 14.8 -45.1 Return on equity, % (excluding one-time items) 15.3 -45.1 Return on investment, % 13.6 -4.1 Return on investment, % (excluding one-time items) 13.8 -4.2 Net interest bearing debt, MEUR (preferred capital note in 211.2 206.5 equity) Net gearing, % (preferred capital note in equity) 172.6 200.8 Order book, MEUR 73.6 58.8 Investments in production facilities, MEUR 44.6 15.5 Personnel at the end of 2009 (including leased personnel) 4,488 3,698 `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 8 26.1.2010

Cash flow 2009 2009 2008 MEUR Cash flow from operations before change in net 68.6 -2.5 working capital, financing and taxes Change in net working capital -4.2 37.5 Cash flow from operations before financing and taxes 64.4 35.0 Cash flow from operations 29.4 14.2 Cash flow from investments -40.6 -12.6 Cash flow from financing activities -8.7 0.9 Change in liquid assets -20.0 2.5 `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 9 26.1.2010

Cash Flow from Operations MEUR 20 15 10 5 0 -5 Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 10 26.1.2010

Wvstahl Sorte 8/package recycled metal (EUR/ton) 460 440 WV Stahl Sorte 8 (eur/tn) 4 29,30 420 400 WV Stahl Sorte 8 Yearly average 380 360 340 320 316 ,91 300 27 9,20 280 2 67,50 2 53,30 260 2 48,80 2 33 ,4 0 240 2 17,60 21 7,7 9 22 8,90 21 4,10 23 8,9 0 220 209 ,7 0 200 2 12 ,50 1 93,0 200 ,98 1 86, 60 180 1 61 ,5 0 17 5,60 160 1 66,60 1 59 ,6 0 133 ,3 0 1 31, 61 140 13 5,90 120 100 80 60 20 2 3 4 5 6 7 8 9 10 11 12 2004 2 3 4 5 6 7 8 9 10 11 12 2005 2 3 4 5 6 7 8 9 10 11 12 2006 2 3 4 5 6 7 8 9 10 11 12 200 2 3 4 5 6 7 8 9 10 11 12 2 2 3 4 5 6 7 8 9 10 11 12 2009 2 3 4 5 6 7 8 9 10 11 12 2010 008 03 7 Source: Wvstahl `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 11 26.1.2010

Development in exchange rates Turkish lira Source: Reuters `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 12 26.1.2010

Development in exchange rates Great Britain pound Source: Reuters `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 13 26.1.2010

Development in exchange rates Swedish krona Source: Reuters `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 14 26.1.2010

Quarterly development of order book (includes orders for coming two months) MEUR 160 140 -20% 120 100 +20% 80 60 40 20 0 Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Foundries and Machine shops Turkey Other business `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 15 26.1.2010

Quarterly operating profit and result after financial items excluding one-time items Operating profit Result after financial items excluding one-time items excluding one-time items MEUR MEUR 25 25 20 16 20 20 12 15 15 8 4 10 10 0 5 I II III IV 5 -4 -8 0 0 -12 I II III IV -5 -5 -16 -20 -10 -10 2008 2009 2008 2009 2008 % 2009 % `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 16 26.1.2010

Equity ratio, % % 40 35 30 25 20 15 10 5 0 31.12.2008 31.12.2009 Preferred capital note in equity Preferred capital note in debt `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 17 26.1.2010

Personnel by country including leased personnel Finland Sweden 1 198 1 041 455 324 The Netherlands Turkey 767 612 2 068 1 721 31.12.2008 31.12.2009 `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 18 26.1.2010

Distribution of sales Sales by division Sales by market area 2009 excluding one-time items Other countries 3% USA 3% Italy 4% Germany 20% MEUR Benelux 6% 300 250 France 7% 200 Finland 17% 150 100 UK 10% 50 0 Foundries Machine Turkey Other shops business Sweden 13% Turkey 17% 1-12 2008 1-12 2009 `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 19 26.1.2010

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IFO expectations Lähde: Danske Bank `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 21 26.1.2010

Investors confidence index Source: SSaA `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 22 26.1.2010

CDS index Lehman Brothers bankruptcy Lehman Brothers bankruptcy Source: Reuters `~ëíáåÖ=cìíìêÉ=pçäìíáçåë 23 26.1.2010