Inspired by Efficiency Interroll Subsidiary in Italy Established Ort P E R Al Nn U a Nterroll I © Interroll Holding AG Holding © Interroll Highlights 2013
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HIGHLIGHTS 2013 SOLID SALES GROWTH IN THE AMERICAS BY 20.4 % ANNUAL REPORT 2013 AND ASIA-PACIFIC BY 2 7. 8 % Interroll Holding AG Via Gorelle 3 | 6592 Sant’Antonino | Switzerland RISE IN EBITDA MARGIN TO 14.3 % www.interroll.com US ACQUISITION PORTEC SUCCESSFULLY INTEGRATED 2 013 INSPIRED BY EFFICIENCY INTERROLL SUBSIDIARY IN ITALY ESTABLISHED ORT P E R AL U NN A NTERROLL I © Interroll Holding AG Holding © Interroll HIGHLIGHTS 2013 SOLID SALES GROWTH IN THE AMERICAS BY 20.4 % ANNUAL REPORT 2013 AND ASIA-PACIFIC BY 2 7. 8 % Interroll Holding AG Via Gorelle 3 | 6592 Sant’Antonino | Switzerland RISE IN EBITDA MARGIN TO 14.3 % www.interroll.com US ACQUISITION PORTEC SUCCESSFULLY INTEGRATED 2 013 INSPIRED BY EFFICIENCY INTERROLL SUBSIDIARY IN ITALY ESTABLISHED ORT P E R AL U NN A NTERROLL I © Interroll Holding AG Holding © Interroll CONTENTS CONTENTS Annual review 2 Interroll on the capital market 4 Report by the Board of Directors and Group Management 6 Group Management 10 Our business 12 Overview of financial position, earnings and cash flows 14 Overview by product groups 16 Overview by region 18 Non-financial performance indicators 20 Interview: “Seizing our opportunities worldwide” 24 Momentum for our growth 29 Corporate Governance 55 Financial statements of Interroll Group 75 Financial statements of Interroll Holding Ltd. 143 1 F INANCIAL C ALEND AR | C ONTACT KEY FIGURES ABOUT INTERROLL FINANCIAL CALENDAR 2014 in CHF million, if not stated differently 2013 2012 2 011 2010 2009 Interroll Group is a worldwide leading provider of high-quality key products and services for internal logistics. Preliminary Financial Figures 2013 24 January 2014 Incoming orders/net sales The company offers a broad product range in the four product groups “Rollers”, “Drives”, Total incoming orders 318.8 302.6 288.7 285.2 238.9 “Conveyors & Sorters” and “Pallet & Carton Flow” to around 23,000 customers around the world. Publication Annual Report 2013 and Balance Sheet Press Conference 21 March 2014 Drives 109.4 99.3 95.1 97.9 82.9 Core industries are courier, parcel, express and postal services, airports, food processing as well as distribution Annual General Assembly 9 May 2014 Rollers 75.4 80.4 83.2 79.2 73.3 centres. Customers are amongst others well-known global brands such as Amazon, Bosch, Coca-Cola, Coop, Conveyors & Sorters 71.2 69.3 42.8 52.1 33.6 DHL, FedEx, Peugeot, PepsiCo, Procter & Gamble, Siemens, Walmart or Yamaha. Publication Half-Year Report 2014 8 August 2014 Pallet & Carton Flow 60.3 58.1 50.8 53.9 44.3 Total net sales 316.3 307.2 271.9 283.1 234.0 Interroll is engaged in global research projects on logistics efficiency and actively supports industry Profitability associations in developing standards. Headquartered in Sant’Antonino, Switzerland, Interroll operates a EBITDA 45.4 41.1 36.2 35.8 18.8 worldwide network of 31 companies with around 1,600 employees. The company was founded 1959. Since in % of net sales 14.3 13.4 13.3 12.6 8.0 1997, Interroll Group has been listed on the SIX Swiss Exchange and included in the SPI index. EBITA 34.0 30.3 25.7 24.8 8.0 in % of net sales 10.7 9.9 9.5 8.8 3.4 www.interroll.com EBIT 27.2 24.8 20.4 20.4 3.1 in % of net sales 8.6 8.1 7.5 7.2 1.3 Net profit 20.5 19.4 18.2 14.4 5.7 in % of net sales 6.5 6.3 6.7 5.1 2.4 Cash flow Operating cash flow 44.5 38.2 14.5 18.7 20.4 in % of net sales 14.1 12.4 5.3 6.6 8.7 Interroll product groups Free cash flow 5.0 30.2 –5.6 –8.5 –6.0 in % of net sales 1.6 9.8 –2.1 –3.0 –2.6 Rollers Drives Total investments/capital expenditure 39.8 10.6 19.6 26.4 22.9 Balance sheet (31.12.) Total assets 258.2 227.6 239.2 211.3 215.7 Goodwill 16.0 9.0 9.0 9.3 11.0 CONTACT Net financial assets (debts) 20.2 8.7 –17.6 –12.9 –4.2 Gearing (net debt/equity) – – 0.12 0.10 0.03 Indebtedness factor (net debt/cash flow) – – 1.21 0.69 0.20 If you have any questions regarding Interroll Group or would Equity 187.2 157.6 143.3 127.5 133.0 like to be included in our distribution list, please contact the Equity ratio (equity in % of assets) 72.5 69.3 59.9 60.3 61.7 Investor Relations Team: Return on equity (in %) 11.9 12.8 13.4 11.1 4.3 Conveyors & Sorters Pallet & Carton Flow [email protected] Other key figures RONA (Return on Net Assets, in %) 12.2 12.6 9.9 10.4 1.6 Petra Müller Average number of employees 1 488 1 420 1 340 1 255 1 206 Head of PR & Investor Relations Net sales per employee (in thousands CHF) 213 216 203 226 194 Phone: +41 91 850 25 21 Productivity (Added value/total personnel expenses) 1.95 1.92 1.77 1.98 1.66 E-Mail: [email protected] F INANCIAL C ALEND AR | C ONTACT KEY FIGURES ABOUT INTERROLL FINANCIAL CALENDAR 2014 in CHF million, if not stated differently 2013 2012 2 011 2010 2009 Interroll Group is a worldwide leading provider of high-quality key products and services for internal logistics. Preliminary Financial Figures 2013 24 January 2014 Incoming orders/net sales The company offers a broad product range in the four product groups “Rollers”, “Drives”, Total incoming orders 318.8 302.6 288.7 285.2 238.9 “Conveyors & Sorters” and “Pallet & Carton Flow” to around 23,000 customers around the world. Publication Annual Report 2013 and Balance Sheet Press Conference 21 March 2014 Drives 109.4 99.3 95.1 97.9 82.9 Core industries are courier, parcel, express and postal services, airports, food processing as well as distribution Annual General Assembly 9 May 2014 Rollers 75.4 80.4 83.2 79.2 73.3 centres. Customers are amongst others well-known global brands such as Amazon, Bosch, Coca-Cola, Coop, Conveyors & Sorters 71.2 69.3 42.8 52.1 33.6 DHL, FedEx, Peugeot, PepsiCo, Procter & Gamble, Siemens, Walmart or Yamaha. Publication Half-Year Report 2014 8 August 2014 Pallet & Carton Flow 60.3 58.1 50.8 53.9 44.3 Total net sales 316.3 307.2 271.9 283.1 234.0 Interroll is engaged in global research projects on logistics efficiency and actively supports industry Profitability associations in developing standards. Headquartered in Sant’Antonino, Switzerland, Interroll operates a EBITDA 45.4 41.1 36.2 35.8 18.8 worldwide network of 31 companies with around 1,600 employees. The company was founded 1959. Since in % of net sales 14.3 13.4 13.3 12.6 8.0 1997, Interroll Group has been listed on the SIX Swiss Exchange and included in the SPI index. EBITA 34.0 30.3 25.7 24.8 8.0 in % of net sales 10.7 9.9 9.5 8.8 3.4 www.interroll.com EBIT 27.2 24.8 20.4 20.4 3.1 in % of net sales 8.6 8.1 7.5 7.2 1.3 Net profit 20.5 19.4 18.2 14.4 5.7 in % of net sales 6.5 6.3 6.7 5.1 2.4 Cash flow Operating cash flow 44.5 38.2 14.5 18.7 20.4 in % of net sales 14.1 12.4 5.3 6.6 8.7 Interroll product groups Free cash flow 5.0 30.2 –5.6 –8.5 –6.0 in % of net sales 1.6 9.8 –2.1 –3.0 –2.6 Rollers Drives Total investments/capital expenditure 39.8 10.6 19.6 26.4 22.9 Balance sheet (31.12.) Total assets 258.2 227.6 239.2 211.3 215.7 Goodwill 16.0 9.0 9.0 9.3 11.0 CONTACT Net financial assets (debts) 20.2 8.7 –17.6 –12.9 –4.2 Gearing (net debt/equity) – – 0.12 0.10 0.03 Indebtedness factor (net debt/cash flow) – – 1.21 0.69 0.20 If you have any questions regarding Interroll Group or would Equity 187.2 157.6 143.3 127.5 133.0 like to be included in our distribution list, please contact the Equity ratio (equity in % of assets) 72.5 69.3 59.9 60.3 61.7 Investor Relations Team: Return on equity (in %) 11.9 12.8 13.4 11.1 4.3 Conveyors & Sorters Pallet & Carton Flow [email protected] Other key figures RONA (Return on Net Assets, in %) 12.2 12.6 9.9 10.4 1.6 Petra Müller Average number of employees 1 488 1 420 1 340 1 255 1 206 Head of PR & Investor Relations Net sales per employee (in thousands CHF) 213 216 203 226 194 Phone: +41 91 850 25 21 Productivity (Added value/total personnel expenses) 1.95 1.92 1.77 1.98 1.66 E-Mail: [email protected] ANNUA L REVIEW ANNUAL REVIEW Q1|2013 Thailand Major order for a modern dynamic storage system by Red Bull Innovation Magnetic speed controller introduced to the market Q2|2013 Italy Opening of new Interroll subsidiary Russia Daifuku placed major order for a modern sorter Germany International in-house exhibition attended by Ex-Formula-1 driver Heinz-Harald Frentzen in Wermelskirchen was highly successful Switzerland Coop benefits from space and energy-saving dynamic storage system in Pearlwater Mineralquellen bottling centre 2 ANNUA L REVIEW Q3|2013 Asia Dr.