Early redemption of 3.5 per cent. Convertible Notes due 2020
Investor Relations Presentation July 2019
Investor & Analyst Conference Call on the First Quarter 2019
Key Figures
| €mio | 2018 | 2017 | Changes |
| Financial Performance | |||
| Sales revenue | 1,047.5 | 860.1 | 21.8% |
| thereof outside Germany | 66% | 74% | - |
| thereof in Germany | 34% | 26% | - |
EBITDA before non-recurring charges1) | 127.2 | 90.7 | 40.2% |
| Operating profit/loss (EBIT) before non-recurring charges1) | 64.6 | 40.1 | 61.1% |
| Result from continuing operations before income taxes | 51.3 | -7.8 | >100% |
| Consolidated net result (attributable to the shareholders of the parent company) | 41.3 | 138.9 | -70.3% |
| Return on sales (EBIT-margin)2) | 6.2% | 4.7% | 1.5% points |
| Return on capital employed (ROCE EBIT)3) | 5.4% | 4.6% | 0.8% points |
| Earnings per share, basic (in €) | 0.34 | 1.14 | -70.2% |
| Net assets | |||
| Equity attributable to the shareholders of the parent company | 531.6 | 457.0 | 16.3% |
| Total assets | 1,585.1 | 1,541.7 | 2.8% |
| Net financial debt | 242.2 | 139.0 | 74.2% |
| Equity ratio4) | 33.5% | 29.6% | 3.9% points |
| Gearing5) | 0.46 | 0.30 | 49.8% |
| Headcount6) | 5,031 | 4,732 | 6.3% |
| Financial position | |||
| Payments to purchase intangible assets and property, plant and equipment | 78.1 | 52.9 | 47.6% |
| Depreciation/amortization expense | 62.6 | 50.6 | 23.7% |
| Working Capital | 419.1 | 318.5 | 31.6% |
| Free cash flow7) | -58.5 | -144.7 | 59.6% |
Key Figures for the Business Areas
Composites - Fibers & Materials (CFM)
| Key Figures | Unit | 2018 | 2017 | Changes |
| Sales Revenue | €m | 422.5 | 331.9 | 27.3% |
| EBITDA before non-recurring charges1) | €m | 54.2 | 44.2 | 22.6% |
| Operating profit/loss (EBIT) before non-recurring charges1) | €m | 20.8 | 22.7 | -8.4% |
| Operating profit/loss (EBIT)1) | €m | 36.6 | 23.1 | 58.4% |
| Return on sales (EBIT-margin)2) | % | 4.9% | 6.8% | -1.9% points |
| Payments to purchase intangible assets and property, plant and equipment | €m | 21.5 | 11.7 | 83.8% |
| Cash generation1) 3) | €m | 23.4 | 0.7 | >100% |
| Depreciation/amortization expense | €m | 33.4 | 21.5 | 55.3% |
| Return on capital employed (ROCE EBITDA)1) 4) | % | 3.2% | 5.8% | -2.6% points |
| Headcount (year end) | 1,722 | 1,404 | 22.6% |
Graphite Materials & Systems (GMS)
| Key Figures | Unit | 2018 | 2017 | Changes |
| Sales revenue | €m | 589.9 | 510.2 | 15.6% |
| EBITDA before non-recurring charges1) | €m | 98.9 | 70.8 | 39.7% |
| Operating profit/loss (EBIT) before non-recurring charges1) | €m | 76.0 | 47.8 | 59.0% |
| Operating profit/loss (EBIT) | €m | 76.6 | 50.1 | 52.9% |
| Return on sales (EBIT-margin)2) | % | 12.9% | 9.4% | 3.5% points |
| Payments to purchase intangible assets and property, plant and equipment | €m | 47.0 | 29.1 | 61.5% |
| Cash generation1) 3) | €m | 6.5 | 26.1 | -75.1% |
| Depreciation/amortization expense | €m | 22.9 | 23.0 | -0.4% |
| Return on capital employed (ROCE EBIT)1) 4) | % | 16.5 | 12.2% | 4.3% points |
| Headcount (year end) | 3,008 | 2,558 | 17.6% |
Corporate
| Key Figures | Unit | 2018 | 2017 | Changes |
| Sales revenue | €m | 35.1 | 18.0 | 95.0% |
| EBITDA before non-recurring charges1) | €m | -25.9 | -24.3 | -6.6% |
| Operating profit/loss (EBIT) before non-recurring charges1) | €m | -32.2 | -30.4 | -5.9% |
| Operating profit/loss (EBIT) | €m | -32.3 | -24.2 | -33.5% |
| Headcount (year end) | 301 | 231 | 30.3% |
1) Non-recurring effects of minus €0.1 million and €6.2 million in 2018 and 2017, respectively
