GROWTH QUALITY RESPOND DELIVER INN VATE GLOBAL FULL YEAR RESULTS 2014 3 March 2015 Presented by: Chairman Roger Lockwood Chief Executive Peter France Finance Director Jonathan Davis
Full Year Results 2014 03 March 2015 Full Year Results 2014 3 March 2015 Presented by: Chairman Roger Lockwood Chief Executive Peter France Finance Director Jonathan Davis HIGHLIGHTS Record order intake, revenue…
Full Year Results 2014 03 March 2015 FINANCIAL REVIEW Presented by Finance Director Jonathan Davis 2 FINANCIAL HIGHLIGHTS 2014 2013 % OCC % Order intake 596m 579m +2.9% +4.0% Order book 184m 188m -2.2% +0.1%…
Full Year Results 2014 03 March 2015 IMPACT OF CURRENCY Impact Impact Impact Revenue Revenue Revenue percentage percentage percentage m First half Second half Full year First half Second half Full year Controls 12.3 6.9 19.2…
Full Year Results 2014 03 March 2015 IMPACT OF ACQUISITIONS m YTC Midland 2013 acquisitions Total Adjustment Revenue 13.9 6.3 7.2 27.4 Adjusted* operating profit 5.5 1.2 0.9 7.6 Adjusted* operating margin 39.5%** 16.7%**…
Full Year Results 2014 03 March 2015 ORDER BOOK Instruments Gears Fluid Systems Controls Total 188m Total 203m Total 184m 3 2 5 10 m 10 11 84 76 76 100 106 92 December 2013 June 2014 December 2014 Order book…
Full Year Results 2014 03 March 2015 FLUID SYSTEMS DIVISION m 2014 2013 Change OCC Change Revenue 180.3 187.0 -3.6% -0.7% Adjusted* operating profit 31.2 31.0 +0.5% +7.4% Adjusted* operating margin 17.3% 16.6% +70 bps +130…
Full Year Results 2014 03 March 2015 INSTRUMENTS DIVISION m 2014 2013 Change OCC Change Revenue 46.0 24.9 +84.4% +8.6% Adjusted* operating profit 14.4 7.8 +84.3% +2.3% Adjusted* operating margin 31.4% 31.4% Same -180 bps…
Full Year Results 2014 03 March 2015 CASH FLOWS Cash conversion 97.4% (2013: 99.6%) m 300 19.5 5.8 17.3 157.2 18.8 250 42.7 200 43.0 150 82.7 100 68.9 46.8 50 0 Cash at Adjusted Loans Other Capital Working…
Full Year Results 2014 03 March 2015 DIVIDENDS AND SHARE CAPITAL Core Dividend Month paid / payable Amount (Pence) Cost (m) 2012 Final May 2013 26.60p 23.1 2013 Interim September 2013 18.05p 15.6 Paid in 2013 44.65p 38.7…
Full Year Results 2014 03 March 2015 GROUP REVENUE BY: Controls and Gears further progress Division m Strong growth in Instruments 350 Oil & gas market down 300 250 Power up in all divisions 200 2013 150 2014 100 50 0…
Full Year Results 2014 03 March 2015 CONTROLS Highlights Strong growth in North and Latin America Growth in power Active downstream market sector Centork actuator launched New offices / expansions Opportunities Water,…
Full Year Results 2014 03 March 2015 GEARS Highlights Strong growth in Asia Growth in oil & gas, power, industrial and mining markets New manufacturing plant in Leeds (UK) opened Supply chain management Opportunities…
Full Year Results 2014 03 March 2015 SITE SERVICES Highlights 7% more qualified service engineers, 370 33% more service calls 25% more actuators under some form of maintenance agreement now 150,000 Opportunities Continued…
Full Year Results 2014 03 March 2015 ACQUISITIONS YTC Rotork Midland Masso Turkey March 2014 July 2014 December 2014 February 2015 Enhance Position in an End User Market Enhance or Extend Product Offering Enhance Position…
Full Year Results 2014 03 March 2015 ACQUISITION Turkey pipeline network Acquisition of Turkish agent Strategic location Industrial and domestic consumption driving investment in water New generating capacity required to…
Full Year Results 2014 03 March 2015 GLOBAL LOCATIONS 27 manufacturing centres 150 offices 37 countries with direct presence, 99 in total 3,469 employees worldwide 848 sales channels 30 RESEARCH & DEVELOPMENT…
Full Year Results 2014 03 March 2015 MARKET OVERVIEW millions millions Addressable markets 2,500 = 3.6 billion 1,250 2,000 1,000 1,500 750 1,000 Controls 500 Fluid Systems 500 18.5% 250 18.8% Market Market 0 Share 0…
Full Year Results 2014 03 March 2015 MARKET DRIVERS Power Net Change in World Power Generation Capacity by Fuel Type and Region, 2013-2040 New plant and replacement investment Move from coal to gas Middle East population…
Full Year Results 2014 03 March 2015 MARKET DRIVERS HVAC 6% CAGR in HVAC Growth driven by construction industry particularly India and China Energy efficiency driving growth in building automation Mining Upturn in capex…
Full Year Results 2014 03 March 2015 SUMMARY AND OUTLOOK Continued investment Acquisitions Upstream oil & gas may be challenging Other markets remain active Diverse geographic and end-market exposure Confident of further…
Full Year Results 2014 03 March 2015 OUTLOOK STATEMENT In the year ahead we will continue to invest for growth, increasing our international sales network and expanding our product portfolio both organically and by acquisition…
Full Year Results 2014 03 March 2015 CONSTANT CURRENCY ADJUSTMENTS Adjusted* Adjusted* Adjusted* Revenue Revenue Revenue operating profit operating profit operating profit m First half Second half Full year First half Second…
Full Year Results 2014 03 March 2015 APPENDIX: ADJUSTED OPERATING PROFIT BY SEGMENT 2014 2014 2014 2013 2013 2013 m Reported Adjustments Adjusted Reported Adjustments Adjusted Increase Controls 101.2 3.5 104.7 101.1 4.4 105.5…
Full Year Results 2014 03 March 2015 APPENDIX: AVERAGE EXCHANGE RATES Average rates trading US Euro H1 2013 1.53 1.17 H2 2013 1.59 1.19 Full Year 2013 1.56 1.18 H1 2014 1.67 1.22 H2 2014 1.63 1.26 Full Year 2014 1.65…
Full Year Results 2014 03 March 2015 APPENDIX: CASH FLOW STATEMENT 000 2014 2014 2013 2013 Opening cash balance 68,873 59,868 Adjusted operating profit 157,167 151,412 Loan movements 19,496 (618) Other movements Amortisation of…
Full Year Results 2014 03 March 2015 ACQUISITIONS Positioners and valve accessories Hydraulic, pneumatic and solenoid valves Established 1996 and systems Based Seoul, Korea 60+ years of experience 74 employees Based…
Rotork plc Brassmill Lane Bath BA1 3JQ UK T: +44 1225 733200 F: +44 1225 333467 E: mailrotork.com www.rotork.com
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