Annual Report 2008
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Financial calendar 2009 DEUTZ Group: Key figures Continuing Continuing Date Event Location operations operations Change 2007 2008 in % Annual Results press conference 19 March Cologne Taking advantage Publication Annual Report 2008 € million New orders 1,584.5 1,363.5 – 13.9 20 March Analysts‘ meeting Frankfurt/Main of the opportunities Unit sales (units) 285,861 252,359 – 11.7 Compact Engines 248,971 219,681 – 11.8 DEUTZ Customised Solutions 36,890 32,678 – 11.4 30 April Annual General Meeting 2008 Cologne of the future Revenue 1,524.2 1,495.0 – 1.9 Publication Report 1st Quarter 2009 Compact Engines 1,186.0 1,143.2 – 3.6 7 May Conference call with analysts and investors DEUTZ Customised Solutions 338.2 351.8 4.0 thereof excluding Germany (%) 78.0 75.6 – Public Report 1st Half 2009 12 August EBITDA 161.0 91.9 – 42.9 Conference call with analysts and investors EBITDA (before one-off items) 161.0 106.2 – 34.0 Publication Report 1st to 3rd Quarter 2009 5 November EBIT 95.5 17.5 – 81.7 Conference call with analysts and investors EBIT (before one-off items) 95.5 31.8 – 66.7 EBIT margin (%) 6.3 1.2 – EBIT margin (before one-off items, %) 6.3 2.1 – Net income/loss 59.4 – 4.2 – Contact Basic earnings per share (€) 0.51 –0.04 – Total assets 1,378.6 1,206.3 – 12.5 DEUTZ AG Non-current assets 511.3 539.7 5.6 Ottostraße 1 Equity 557.1 511.3 – 8.2 D – 51149 Cologne (Porz-Eil) Equity ratio (%) 40.4 42.4 – Cash flow from operating activities before Investor Relations Public Relations payment of compensation for vested company Phone + 49 221 822 24 92 Phone + 49 221 822 24 55 pension rights 41.1 90.1 – Fax + 49 221 822 15 24 92 Fax + 49 221 822 15 24 55 Cash flow from operating activities – 38.7 89.7 – E-Mail [email protected] E-Mail [email protected] Free cash flow – 111.5 – 23.3 79.1 Web www.deutz.com Web www.deutz.com Net financial position 1) 89.7 – 12.2 – Working capital 2) 196.9 205.0 4.1 Working capital as percentage of revenue 12.9 13.7 – Published by Capital expenditure DEUTZ AG (excluding capitalisation of R&D) 143.5 69.9 – 51.3 D – 51057 Cologne Depreciation and amortisation 65.5 74.4 13.6 Research and development 55.8 90.3 61.8 Concept and layout Annual Report 2008 Employees as at 31 December 4,617 4,701 1.8 Kirchhoff Consult AG, Munich 1) Net financial position: cash and cash equivalents less current and non-current interest-bearing financial liabilities 2) Working capital: inventories plus trade receivables minus trade payables Photographer Michael Dannenmann, Düsseldorf Annual Report 2008 Lithography and print Bacht, Grafische Betriebe und Verlag GmbH, Essen DEUTZ AG This is a complete translation of the original German version of the Annual Report. DEUTZ AG D – 51057 Cologne www.deutz.com Financial calendar 2009 DEUTZ Group: Key figures Continuing Continuing Date Event Location operations operations Change 2007 2008 in % Annual Results press conference 19 March Cologne Taking advantage Publication Annual Report 2008 € million New orders 1,584.5 1,363.5 – 13.9 20 March Analysts‘ meeting Frankfurt/Main of the opportunities Unit sales (units) 285,861 252,359 – 11.7 Compact Engines 248,971 219,681 – 11.8 DEUTZ Customised Solutions 36,890 32,678 – 11.4 30 April Annual General Meeting 2008 Cologne of the future Revenue 1,524.2 1,495.0 – 1.9 Publication Report 1st Quarter 2009 Compact Engines 1,186.0 1,143.2 – 3.6 7 May Conference call with analysts and investors DEUTZ Customised Solutions 338.2 351.8 4.0 Thereof excluding Germany (%) 78.0 75.6 – Public Report 1st Half 2009 12 August EBITDA 161.0 91.9 – 42.9 Conference call with analysts and investors EBITDA (before one-off items) 161.0 106.2 – 34.0 Publication Report 1st to 3rd Quarter 2009 5 November EBIT 95.5 17.5 – 81.7 Conference call with analysts and investors EBIT (before one-off items) 95.5 31.8 – 66.7 EBIT margin (%) 6.3 1.2 – EBIT margin (before one-off items, %) 6.3 2.1 – Net income/loss 59.4 – 4.2 – Contact Basic earnings per share (€) 0.51 –0.04 – Total assets 1,378.6 1,206.3 – 12.5 DEUTZ AG Non-current assets 511.3 539.7 5.6 Ottostraße 1 Equity 557.1 511.3 – 8.2 D – 51149 Cologne (Porz-Eil) Equity ratio (%) 40.4 42.4 – Cash flow from operating activities before Investor Relations Public Relations payment of compensation for vested company Phone + 49 221 822 24 92 Phone + 49 221 822 24 55 pension rights 41.1 90.1 – Fax + 49 221 822 15 24 92 Fax + 49 221 822 15 24 55 Cash flow from operating activities – 38.7 89.7 – E-Mail [email protected] E-Mail [email protected] Free cash flow – 111.5 – 23.3 79.1 Web www.deutz.com Web www.deutz.com Net financial position 1) 89.7 – 12.2 – Working capital 2) Working capital as percentage of revenue 196.9 205.0 4.1 (31 Dec.) 12.9 13.7 – Capital expenditure (excluding capitalisation of R&D) 143.5 69.9 – 51.3 Published by Depreciation and amortisation 65.5 74.4 13.6 DEUTZ AG D – 51057 Cologne Annual Report 2008 Research and development 55.8 90.3 61.8 Employees (31 Dec.) 4,617 4,701 1.8 Concept and layout 1) Net financial position: cash and cash equivalents less current and non-current interest-bearing financial liabilities 2) Working capital: inventories plus trade receivables minus trade payables Kirchhoff Consult AG, Munich Photographer Annual Report 2008 Michael Dannenmann, Düsseldorf DEUTZ AG Lithography and print Bacht, Grafische Betriebe und Verlag GmbH, Essen DEUTZ AG This is a complete translation of the original German version of the Annual Report. D – 51057 Cologne www.deutz.com deutz segments: Key figures Highlights 2008 DEUTZ Group: Multi-year 0verview Continuing Continuing Continuing Continuing Continuing Continuing Continuing Continuing » February 2008 operations operations Change operations operations operations operations operations operations 2007 2008 in % On 1 February 2008, Dr.-Ing. Helmut Leube took office as the new Chairman of the Management Board 2004 2005 2006 2007 2008 2004 2005 2006 2007 2008 of DEUTZ AG. Before joining DEUTZ, the 55-year-old was Chief Operating Officer for Webasto AG and held € million a variety of management positions for BMW AG. The new Chairman of the Management Board announced € million Revenue by region (€ million) 1,242.3 1,322.8 1,183.6 1,524.2 1,495.0 New orders that investments in research and development would be continued and activities in exhaust gas after- New orders 1,265.1 1,350.5 1,296.9 1,584.5 1,363.5 treatment technology would be increased. Europe/Middle East/Africa 945.5 989.6 896.3 1,193.2 1,195.7 Compact Engines 1,203.9 1,032.5 –14.2 Unit sales (units) 173,440 195,843 236,679 285,861 252,359 Americas 160.3 193.2 210.2 207.2 180.7 deutz Customised Solutions 380.6 331.0 – 13.0 Compact Engines 172,684 195,082 199,202 248,971 219,681 DEUTZ Customised Solutions – – 37,477 36,890 32,678 Asia-Pacific 136.5 140.0 77.1 123.8 118.6 Total 1,584.5 1,363.5 – 1 3 . 9 » July 2008 DEUTZ Power Systems 756 761 – – – In July 2008, DEUTZ started production of Xchange engines at the new Pendergrass location in Georgia, Revenue by application segment Unit sales (units) Revenue 1,242.3 1,322.8 1,183.6 1,524.2 1,495.0 USA. The plant in Pendergrass is organisationally subordinate to Deutz Corporation in Atlanta, Georgia, (€ million) 1,242.3 1,322.8 1,183,6 1,524.2 1,495.0 Compact Engines 248,971 219,681 – 11.8 USA and employs around 40 people. Compact Engines 909.9 999.7 868.3 1,186.0 1,143.2 DEUTZ Customised Solutions – – 315.3 338.2 351.8 Mobile Machinery 310.5 374.1 440.9 581.3 529.8 deutz Customised Solutions 36,890 32,678 – 11.4 DEUTZ Power Systems 332.4 323.1 – – – Automotive 63.1 68.6 119.4 279.8 266.2 Total 285,861 252,359 – 1 1 .7 » September 2008 Thereof excluding Germany (%) 74.5 73.0 74.6 78.0 75.6 Stationary Equipment 329.0 350.8 260.4 258.8 259.3 The DEUTZ choir set off on an extended concert tour to China. For more than three weeks, 100 singers EBITDA 81.8 180.0 125.3 161.0 91.9 Service 343.9 315.5 179.7 203.5 212.0 Revenue and three soloists toured the Middle Kingdom, and in addition to Changsha and Beijing, they also visited EBITDA (before one-off items) 113.9 121.5 125.3 161.0 106.2 Compact Engines 1,186.0 1,143.2 – 3.6 the seaport of Dalian in northeastern China where Deutz AG has maintained the joint venture DEUTZ Agricultural Machinery 124.3 145.8 146.8 163.7 195.8 (Dalian) Engine Co., Ltd. since 2007. EBIT 18.5 114.7 66.6 95,5 17.5 deutz Customised Solutions 338.2 351.8 4.0 Miscellaneous 71.5 68.0 36.4 37.1 31.9 EBIT (before one-off items) 53.5 62.5 66.6 95.5 31.8 Total 1,524.2 1,495.0 – 1 .