Annual press conference...Annual press conference Ralf Wintergerst, Group CEO Dr. Peter Zattler,...
Transcript of Annual press conference...Annual press conference Ralf Wintergerst, Group CEO Dr. Peter Zattler,...
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Fiscal year 2019
Annual press conference
Ralf Wintergerst, Group CEO
Dr. Peter Zattler, Group CFO
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Challengesat present due tocoronavirus pandemic
Coronavirus
Continuity in business operations largely ensured
Preventive measures to delay the spread of the
disease
Focus is on protecting employees, partners, and
customers
BUSINESSPEOPLE MEASURES
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Very positive business performance in 2019
Record year for G+D through growth in digital business
Half of growth coming from digital
business models
Positive earnings contribution from all
business sectors
G+D achieves highest sales in the company’s history
+SALES +EARNINGS +DIGITAL
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G+D increases sales by 9%to €2.45 billion
Sales
in € billion2.25 2.45
+9%
2018 2019
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EBIT* rises to €148 million (24%)
Earnings
in € million120 148
+24%
*EBIT adjusted2018 2019
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Business portfolio
Our four playing fields
Payments Connectivity Digital infrastructure
Identities
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Portfolio development
Strong growth in solutions & services business
SALES GROWTH THROUGH
SOLUTIONS & SERVICES+33%
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Digital business is driving G+D’s growth
Digital business models
GROWTH WITH DIGITAL BUSINESS
GROWTH WITH EXISTING BUSINESS50%
50%
Sales increase 2019: €201 million
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Increasing share of software solutions
Growing trend towards digital identity solutions
Secure data transmission in healthcare
eSIM platform business & secure operating systems
Digitalization
Examples of digital solutionsin G+D‘s four playing fields
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Annual results 2019
Dr. Peter Zattler, Group CFO
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G+D Group with four business sectors
Group structure
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Business sectors
Sales rise by €200 million
2019 2018 Δ absolute Δ in %
7 %
1 %
29 %
39 %
15 %
9 %
73
9
52
64
4
~200
1,132
877
232
227
-20
~2,450
1,059
868
180
163
-24
~2,250
Currency Technology
Mobile Security
Veridos
secunet
Consolidation
Total
in € million
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Profit & loss 2019
EBIT increases by 24%
Net sales
Gross profit
Gross margin (% of sales)
Selling, R&D and general administrative expenses
Other operating income and expenses
Financial result
EBIT (adjusted)
Adjustments
EBIT
2019 2018 Δ absolute
201
40
0 pp
-23
-15
27
28
1
29
2,246
613
27%
(493)
13
(14)
120
(17)
103
2,447
653
27%
(516)
(2)
13
148
(16)
132
in € million, figures rounded
+24%
+29%
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Net income significantly higherthan previous year (+60%)
Net income
in € million50 80
+60%
2018 2019
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Employees
Additional employeesin Germany and around the world
2019 2018 Δ absolute
Currency Technology
Mobile Security
Veridos
secunet
Corporate Center (incl. advance52, G+D Ventures)
Total
in Germany
in other countries
4,798
5,241
507
616
348
11,510
4,154
7,356
4,757
5,355
405
550
322
11,389
4,111
7,278
41
-115
102
66
26
120
43
78
FTE, figures rounded
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Capital expenditure
Increased capital expenditure on manufacturing technology and IT
2019 2018 Δ absolute
Group sales
Capital expenditure
of which property, plant and equipment
of which intangible assets
Scheduled depreciation
2,447
122
89
33
107
2,246
108
78
29
103
201
14
11
4
4
in € million, figures rounded
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Investments
New investments & acquisitions
12%
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Research & Development
R&D expenditure on consistently high level
2019 2018 Δ absolute
5
0
0
-2
0
1,151
10%
155
111
5%
1,146
10%
155
113
5%
Number of R&D employees FTE
Share of total headcount in %
Spending on R&D in € million
of which pure R&D expenditure in € million
R&D ratio as % of sales
Figures rounded
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Balance sheet
Equity ratio remains stable
Assets
Current assets
Non-current assets
of which property, plant and equipment
of which intangible assets
Liabilities and equity
Current liabilities
of which current financial liabilities
Non-current liabilities
of which non-current financial liabilities
Equity
2019 2018 2019
% of balance sheet total
2,756
1,775
981
533
177
2,756
1,048
63
1,202
419
506
2,492
1,654
838
463
150
2,492
929
63
1,074
444
490
64%
36%
19%
6%
38%
0%
44%
15%
18%
in € million, figures rounded
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Free cash flow remainsconstant at a high level
Free cash flow
in € million72 70
-3%
2018 2019
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G+D has excellentfinancial liquidity
Summary
429 439
+10
Cash &
cash equivalents
in € million
2018 2019
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Giesecke+Devrient annual press conference
Outlook
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Outlook for 2020
Robust portfolio, demand largely stable
Good starting position due to large number of
projects won
Customer demand remains at a good level
Impact of coronavirus on 2020 results not yet
quantifiable
CORONA SALES PROJECTS
Further acceleration of G+D’s portfolio
development
PORTFOLIO
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Giesecke+Devrient annual press conference
Q&ARalf Wintergerst, Group CEO
Dr. Peter Zattler, Group CFO
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Giesecke+Devrient annual press conference
Thank you.