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June 2016
Growing with Passion
Investor Relations Presentation
Content
2
 Jungheinrich at a Glance
 World Material Handling
Equipment Market
 Business Model
 Current Business Trend 2016
 Strategic Issues and Outlook
Jungheinrich at a Glance
Jungheinrich at a Glance
4
Key figures
 Independent, family-owned company
 Leading intralogistics service & solution provider with manufacturing
operations
 No. 2 in Europe, No. 3 in the world
 Focus on direct sales
 Single-brand strategy
Key figures 2015
Consolidated net sales
split by region
25%
14%
50%11%
Western
Europe
Germany
New truck
business
After-sales
service
55%
17%
28%
Net sales
Intralogistics segment
in €
million ∆
Incoming
orders
2,817 +11.1%
Net sales 2,754 +10.2%
EBIT 213 +10.4%
Net
income
138 +9.5%
other
countries
Eastern
Europe
Short-term hire
and used
equipment
Dividend per preferred share (€)
Payout ratio
23.5%
Dividend
0.76
2011
5
25.2%
0.86
2012
26.4%
0.86
2013
27.3%
1.04
2014
28.6%
1.19
2015
World Material Handling
Equipment Market
191
277
411
219
444
345
235
414
373
Worldwide
2014 2015
Europe
Asia
North America
7
2007
2015
2014
951
2007
1,094
Source: WITS, SIMHEM.
+9%
+11%
+9%
2007
2015
2014
2007
2015
2014
thereof Eastern-
europe -7.2%
thereof Eastern-
europe -0.4%
1,100
+8%
-7%
+7%
+0.5%
thereof
China -12.8%
thereof
China +10.2%
World Material Handling Equipment Market—Market Volume
Incoming orders in thousand units
Europe
Asia
43%
8%
12%
28%
20%
9%
Rest of World
Rest of World
8
Europe
Asia
34%
5%
22%
38%
21%
7%
2015 = 1,100,000 units
Source: WITS, SIMHEM.
2007 = 951,000 units
World Material Handling Equipment Market
Breakdown of Volume by Region
thereof
Eastern Europe
Central/South America 5%
Australia/Africa 4%
North
America
thereof China
thereof
Eastern Europe North
America
thereof China
Central/South America 4%
Australia/Africa 3%
based on incoming orders in units
Worldwide
2015: 1,100,000 units
(2007: 951,000 units)
40%
(45%)
43%
(37%)
17%
(18%)
18%
(28%)
19%
(20%)
63%
(52%)
60%
(66%)
23%
(18%)
17%
(16%)
Asia
North America
9
Europe
Source: WITS,SIMHEM.
35%
(43%)
47%
(40%)
18%
(17%)
World Material Handling Equipment Market
Breakdown of Volume by Product Segment
Battery-powered counterbalanced trucks
Warehousing equipment
Internal combustion engine-powered counterbalanced trucks
The trend towards
warehousing
equipment
continued across all
regions
based on incoming orders in units
18%
(28%)
63%
(52%)
19%
(20%)
Europe
69%
(79%)
18%
13%
China
10
(9%)
(12%)
World Material Handling Equipment Market—Market Structure
Comparison Broken Down by Product Segment in 2015 (2007)
Battery-powered counterbalanced
trucks
Warehousing
equipment
Internal combustion engine-
powered counterbalanced
trucks
Europe and China: Trend towards warehousing equipment;
future growth potential for Jungheinrich
Source: WITS.
based on incoming orders in units
Toyota Kion Jungheinrich Hyster-Yale
World League Ranking
11
Ranking in Europe
Toyota
Raymond
BT Industries
Cesab
(6,382)
7,600
Hyster
Yale
Utilev
Linde
Still
Fenwick
OM Still
Baoli
Voltas Jungheinrich
(4,678)
(2,083)
2,754
5,216
2,374
1
(2,498)
1
2 3
KionJungheinrich Toyota
2015 (2014) Net sales in million €, including currency effects
1 Fiscal year: April to March, adjusted: January to December. Source: company data.
Business Model
13
Short-term hire
Used
equipment
After-sales
service
New truck
business
 Hire periods: generally 1 day to 24 months
 Targeted degree of capacity utilization 70% to 80%
 ∅-Inventory 2015 = 44.5 thousand trucks
(+17% yoy)
 Marketing of used equipment (leasing, short-term hire and
trade-ins)
 Professional reconditioning of forklifts in the Dresden Used
Equipment Centre
 2015: 4,800 reconditioned trucks
 Development, production and sale of new forklifts including
logistics systems and mail-order business, focus on direct
sales
Financialservices
■ 6,200 employees in
the global after-
sales organization,
thereof 4,300 after-
sales service
engineers
The Jungheinrich Business Model
Divisions: Logistics Systems Business and Mail-Order Business
14
Logistics systems
Development of net sales
in € million
€381 million
€57 million
New truck business
Net sales € 1,539 million
System
trucks
Racking
Project
business
Mail-order business
The Variety of our Solutions
Material flow
analysis
Forklift trucks
(automated)
Racking and
storage
equipment
Shuttle
systems
Stacker cranes
Conveyor
system
Radio data
Assistance
systems
Maintenance
& Service
Realization and
system
integration
Jungheinrich
WMS
Planning and
project design
15
Deliveries by Industry
16
Retail and wholesale
(incl. food distribution)
Logistics
16
45%
13%
12%
8%
1%
4%
17%
based on incoming orders in terms of units
Mechanical, automotive and
electrical engineering
Chemical industry
Timber, paper and print
industries
Food industry (Production)
Other industry sectors
 Promotion and expansion of new truck business and
after-sales services
Principle: Every financial service agreement to cover full service
and maintenance
 Permanent customer retention
Flexible, customized contracts
Financial Services—Principles and Objectives
 Service function for Jungheinrich sales division
 Substantial financial services profits are stated in sales
division
New truck business/after-sales services/used equipment
 Matching refinancing (term and interest)
 Regular creditworthiness checks
 Quarterly assessment of contractual/residual value risks
 Transparency and process reliability via Group database
17
Full disclosure on Jungheinrich’s consolidated balance sheet
Business
policy
Sales policy
Risk
management
Current Business Trend 2016
Highlights of the Material Handling Equipment Market—Q1 2016
19
 World material handling equipment market expands by nearly 4%, driven
by the European market (up 12%)
 Clear signs of stabilization apparent in Russia
 The Asian market posted a marginal gain, whereas the North American
market experienced a slight downward trend
 Warehousing equipment product segment grows 10% globally, buoyed by
increases primarily in Europe and Asia
20
Jungheinrich Highlights—Q1 2016
 Incoming orders post double-digit growth (in terms of units and value)
 ‘Logistics Systems’ division contributes just over one-third of the rise in
the value of incoming orders
 At 24,000 trucks, production bests year-earlier quarter by 8%
 All business fields contribute to the net sales growth
 EBIT climbs 8% to €46 million
 Orders on hand up 20% vs. 12/31/2015; order reach nearly 5 months
 Full-year forecast for 2016 unchanged
21
World Material Handling Equipment Market as of Jan. to March
2016—Growth Rates by Region
based on incoming orders in units, Q1 2016 compared to Q1 2015
+12%
+13%
+9%
+1%
+4%
282.4
1-3/2015
292.8
1-3/2016
Western Europe
Eastern Europe
Europe
Asia
North
America
World
-1%
World market
in thousand units
thereof Russia -2%
Source: WITS, SIMHEM 3/2016
thereof China +7%
22
755666 +13% 27,50024,500 +12%
24,00022,200 +8%620 667
Current Business Trend—Q1 2016
+8%
Q1 2016Q1 2015
Q1 2016Q1 2015
Q1 2016Q1 2015
Q1 2016Q1 2015
Incoming orders in million € Incoming orders units
Net sales in million € Production units
+2%
EBIT in million €
23
45.842.3 +8%
Net income in million €
28.327.6 +3%
0.860.8439.4 40.2
EBT in million € Earnings per preferred share
in €
+2%
Q1 2016Q1 2015
Q1 2016Q1 2015
Q1 2016Q1 2015
Q1 2016Q1 2015
Earnings Trend—Q1 2016
24
<1%
World Material Handling Equipment Market as of Jan. to April
2016—Growth Rates by Region
Based on incoming orders in units, 1-4/2016 compared to 1-4/2015
+12%
+11%
+14%
-3%
+2%
381.7
1-4/2015
388.8
1-4/2016
Western Europe
Eastern Europe
Europe
Asia
North America
World
-1 %
thereof Russia +19%
Source: WITS, SIMHEM 4/2016
thereof China +2%
World market
in thousand units
Incoming orders in million €
25
1,066894 +19%
Incoming orders in units
37,10032,300 +15 %
32,70030,600 +7 %846 930
Current Business Trend—January to April 2016
Net sales in million € Production in units
+10 %
1-4/20161-4/2015
1-4/20161-4/2015
1-4/20161-4/2015
1-4/20161-4/2015
26
Strategic Issues and Outlook
27
Goal 2020:
~€4 bn
net sales
The Jungheinrich Group’s Growth Strategy
28
Source: WITS,SIMHEM.
191
277
411
951
219
444
345
1,094
235
414
373
1,100
Europe
Asia
North America
2007
2015
2014
+0.5%
-7%
+7%
2007
2015
2014
2007
2015
2014
2007
2015
2014
+8%
World
thereof Eastern Europe -7.2%
thereof Eastern Europe -0.4%
thereof China -12.8%
thereof China +10.2%
Incoming orders in thousand units
World Material Equipment Market—Expected Development in 2016
 Slight increase in world market volume.
 Market volume in Western and Eastern
Europe is currently expected to display
positive development.
 We anticipate that the markets in Asia
expand marginally, driven by the
warehousing equipment and battery-powered
counterbalanced truck segments.
 For the North American market we expect a
stable development.
Dividend policy: Payout ratio of
25% to 30% of net income
Jungheinrich Group—Forecast for 2016
Capital expenditures in tangible
assets €90 m - €100 m
Research and development
expenditures €60 m - €65 m
29
Incoming orders
€3.0 bn - €3.1bn
Net sales
€2.9 bn - €3.0 bn
EBIT
€220 m - €230 m
EBT
€200 m - €215 m
EBIT ROS
minimum 7.6%
EBT ROS
minimum 6.9%
ROCE
15% - 20%
30
Disclaimer
Since developments cannot be foreseen, the actual business trend may deviate from
the expectations presented here based on assumptions and estimates made by
Jungheinrich company management. Factors that may lead to such deviations include
changes in the economic environment, changes in the political and legal environment
and within the material handling equipment sector as well as exchange and interest
rate fluctuations. Therefore, no responsibility is taken for forward-looking statements
made in this presentation and no ensuing liability is assumed.
Ausblick
32
Appendix
0 50.000 100.000 150.000 200.000 250.000 300.000
Russia
Turkey
Netherlands
Australia
Canada
Poland
Spain
Italy
UK
France
Germany
USA
China
33
Market volume in 2015 Market volume in 2014
-13%1
+8%
+9%
+12%2
+15%
+21%2
+27%2
+8%
-3%
+3%
+7%2
+5%
-39%2
European market volume in 2015
still 9% down on pre-crisis level (2007)
Development of the Material Handling Equipment Markets of
Importance to Jungheinrich
1 Solely due to the shrinkage of the counterbalanced truck market (in particular ICs), not of the warehousing equipment market.
2 2007 pre-crisis level not achieved yet.
50,000 100,000 150,000 200,000 250,000 300,000 units
6,382
4,678
2,498
2,083
1,882 1,855
1,487 1,326
800 783
Toyota Kion Jungheinrich Hyster-Yale Crown Mitsubishi
Nichiyu
Kalmar Unicarriers Manitou Anhui Heli
34
Toyota
Raymond
BT Indust.
Cesab
Linde
Still
Fenwick
OM Still
Baoli
Voltas
Mitsubishi
Nippon Y.
Caterpillar
Rocla
Nissan
TCM
Atlet
1 2 2
Kalmar
Cargotec
2
Hyster
Yale
Utilev
Crown
Hamech
World League Ranking Competitors in 2014
sales in million €
Source: Logistik Journal October 2015, Comany data.
1 Fiscal year April to March adjusted Jan. to Dec. 2014.
2 Fiscal year April to March.
Low-lift trucks ● ●
Stacker trucks ● ●
Battery-powered counterbalanced
trucks
● ●
IC engine-powered counterbalanced
trucks
●
Reach trucks ● ●
Order pickers ● ● ●
Tow tractors ●
High-rack stackers ●
Stacker cranes ● ●
load handling equipment ●
Small-series and customized trucks ● ●
Control units, batteries and chargers ●
Reconditioning of used equipment ●
35
Germany ChinaHungaria
Jungheinrich Group production sites
2,120
2007
2,178
2011
36
2,251
2012
2,357
2013
2,535
2014
2,817
2015
Incoming Orders
in million €
In € million
2,001
505
1,496
2007
2,116
571
1,545
2011
Consolidated Net Sales
Germany Abroad
37
2,270
607
1,663
2,290
613
1,677
20132012 2014
2,498
655
1,843
2015
2,754
701
2,053
Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted to the change in the statement of interest income from financial
services (finance lease customer contracts).
EBIT in € million EBIT Return on sales (EBIT ROS)
139.5
7.0%
2007 2011
EBIT and EBIT ROS
145.8
6.9%
38
2013
176.8
7.8%
172.4
7.5%
2012
EBIT ROS
2014
192.7
7.7%
2015
213.1
7.7%
Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted due to the application of the amended version of IAS 19
and various changes in the accounting treatment of interest income and expenses.
Capital employed in € million ROCE
ROCE
2007 2011
578
24.1%
556
26.2%
39
21.6%
2013
920
18.7%
2012
818 1,047
18.4%
2014
1,187
17.9%
2015
EBIT-Return on Capital Employed (ROCE)
Interest-bearing capital excluding liabilities from financial services and provisions for pensions.
Since 2012, interest-bearing capital includes provisions for pensions and provisions for non-current personnel obligations.
Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted due to the application of the amended version of IAS 19
and various changes in the accounting treatment of interest income and expenses.
2007 2011
40
2012
41 38 44
350 342 378
45
2013
400
50
2014
418
2015
55
434
Research & Development
Expenditures in million €
Number of employees (FTE, average)
Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted due to the application of the amended version of IAS 19
and various changes in the accounting treatment of interest income and expenses.
52
2007
52
2011
41
78
2012
91
2013
84
2014
87
2015
in million €
Capital Expenditures
26.7%
2007
39.9%
27.8%
2011
43.0%
Equity Ratio
Jungheinrich Group
42
27.3%
42.4%
30.2%
47.1%
20132012
29.6%
46.0%
2014
30.6%
47.6%
2015
"Intralogistics" segment
Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted due to the application of the amended version of IAS 19
and various changes in the accounting treatment of interest income and expenses.
40
2007
-162
2011
-183
2012
Net
debt
43
-154
2013
-132
2014
„Cash“
2015
-75
Net Debt
excl. liabilities from financial services and accrued liabilities for pensions (in million €)
82
2007
106
2011
44
112 107
20132012
126
2014
138
2015
Net Income
Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted due to the application of the amended version of IAS 19
and various changes in the accounting treatment of interest income and expenses.
2007
10,178
4,761
5,417
2011
10,711
4,925
5,786
Employees
45
In FTE
2012
11,261
5,167
6,094
Germany Abroad
2013
11,840
5,356
6,484
2014
12,549
5,638
6,911
2015
13,962
6,078
7,884
Financial Calendar
Subscribed capital:
102 million € subdivided into
54 million non-par-value ordinary shares
48 million non-par-value preferred shares (listed)
Securities identification numbers
(Preferred shares):
ISIN: DE0006219934
WKN: 621 993
Segment: Prime Standard
Branch: Industry
Stock index: MDAX
General Information
Contact:
Pro-forma figures for the 2015
financial year 03/03/2016
Balance sheet press conference 03/23/2016
Analyst conference 03/24/2016
Interim report as of 03/31/2016 05/10/2016
2016 Annual General Meeting 05/24/2016
Dividend payment 05/25/2016
Interim report as of 06/30/2016 08/11/2016
Interim report as of 09/30/2016 11/08/2016
Stock exchanges:
Frankfurt and Hamburg and
all other German stock exchanges
Andrea Bleesen
Head of Investor Relations
Jungheinrich Aktiengesellschaft
Friedrich-Ebert Damm 129 · 22047 Hamburg
Telefon +49 40 6948-3407 Fax +49 40 6948-753407
andrea.bleesen@jungheinrich.de
www.jungheinrich.com
Ticker abbreviations:
Reuters JUNG_p.de
Bloomberg JUN3 GR

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Jungheinrich growingwith passion2016

  • 1. June 2016 Growing with Passion Investor Relations Presentation
  • 2. Content 2  Jungheinrich at a Glance  World Material Handling Equipment Market  Business Model  Current Business Trend 2016  Strategic Issues and Outlook
  • 4. Jungheinrich at a Glance 4 Key figures  Independent, family-owned company  Leading intralogistics service & solution provider with manufacturing operations  No. 2 in Europe, No. 3 in the world  Focus on direct sales  Single-brand strategy Key figures 2015 Consolidated net sales split by region 25% 14% 50%11% Western Europe Germany New truck business After-sales service 55% 17% 28% Net sales Intralogistics segment in € million ∆ Incoming orders 2,817 +11.1% Net sales 2,754 +10.2% EBIT 213 +10.4% Net income 138 +9.5% other countries Eastern Europe Short-term hire and used equipment
  • 5. Dividend per preferred share (€) Payout ratio 23.5% Dividend 0.76 2011 5 25.2% 0.86 2012 26.4% 0.86 2013 27.3% 1.04 2014 28.6% 1.19 2015
  • 7. 191 277 411 219 444 345 235 414 373 Worldwide 2014 2015 Europe Asia North America 7 2007 2015 2014 951 2007 1,094 Source: WITS, SIMHEM. +9% +11% +9% 2007 2015 2014 2007 2015 2014 thereof Eastern- europe -7.2% thereof Eastern- europe -0.4% 1,100 +8% -7% +7% +0.5% thereof China -12.8% thereof China +10.2% World Material Handling Equipment Market—Market Volume Incoming orders in thousand units
  • 8. Europe Asia 43% 8% 12% 28% 20% 9% Rest of World Rest of World 8 Europe Asia 34% 5% 22% 38% 21% 7% 2015 = 1,100,000 units Source: WITS, SIMHEM. 2007 = 951,000 units World Material Handling Equipment Market Breakdown of Volume by Region thereof Eastern Europe Central/South America 5% Australia/Africa 4% North America thereof China thereof Eastern Europe North America thereof China Central/South America 4% Australia/Africa 3% based on incoming orders in units
  • 9. Worldwide 2015: 1,100,000 units (2007: 951,000 units) 40% (45%) 43% (37%) 17% (18%) 18% (28%) 19% (20%) 63% (52%) 60% (66%) 23% (18%) 17% (16%) Asia North America 9 Europe Source: WITS,SIMHEM. 35% (43%) 47% (40%) 18% (17%) World Material Handling Equipment Market Breakdown of Volume by Product Segment Battery-powered counterbalanced trucks Warehousing equipment Internal combustion engine-powered counterbalanced trucks The trend towards warehousing equipment continued across all regions based on incoming orders in units
  • 10. 18% (28%) 63% (52%) 19% (20%) Europe 69% (79%) 18% 13% China 10 (9%) (12%) World Material Handling Equipment Market—Market Structure Comparison Broken Down by Product Segment in 2015 (2007) Battery-powered counterbalanced trucks Warehousing equipment Internal combustion engine- powered counterbalanced trucks Europe and China: Trend towards warehousing equipment; future growth potential for Jungheinrich Source: WITS. based on incoming orders in units
  • 11. Toyota Kion Jungheinrich Hyster-Yale World League Ranking 11 Ranking in Europe Toyota Raymond BT Industries Cesab (6,382) 7,600 Hyster Yale Utilev Linde Still Fenwick OM Still Baoli Voltas Jungheinrich (4,678) (2,083) 2,754 5,216 2,374 1 (2,498) 1 2 3 KionJungheinrich Toyota 2015 (2014) Net sales in million €, including currency effects 1 Fiscal year: April to March, adjusted: January to December. Source: company data.
  • 13. 13 Short-term hire Used equipment After-sales service New truck business  Hire periods: generally 1 day to 24 months  Targeted degree of capacity utilization 70% to 80%  ∅-Inventory 2015 = 44.5 thousand trucks (+17% yoy)  Marketing of used equipment (leasing, short-term hire and trade-ins)  Professional reconditioning of forklifts in the Dresden Used Equipment Centre  2015: 4,800 reconditioned trucks  Development, production and sale of new forklifts including logistics systems and mail-order business, focus on direct sales Financialservices ■ 6,200 employees in the global after- sales organization, thereof 4,300 after- sales service engineers The Jungheinrich Business Model
  • 14. Divisions: Logistics Systems Business and Mail-Order Business 14 Logistics systems Development of net sales in € million €381 million €57 million New truck business Net sales € 1,539 million System trucks Racking Project business Mail-order business
  • 15. The Variety of our Solutions Material flow analysis Forklift trucks (automated) Racking and storage equipment Shuttle systems Stacker cranes Conveyor system Radio data Assistance systems Maintenance & Service Realization and system integration Jungheinrich WMS Planning and project design 15
  • 16. Deliveries by Industry 16 Retail and wholesale (incl. food distribution) Logistics 16 45% 13% 12% 8% 1% 4% 17% based on incoming orders in terms of units Mechanical, automotive and electrical engineering Chemical industry Timber, paper and print industries Food industry (Production) Other industry sectors
  • 17.  Promotion and expansion of new truck business and after-sales services Principle: Every financial service agreement to cover full service and maintenance  Permanent customer retention Flexible, customized contracts Financial Services—Principles and Objectives  Service function for Jungheinrich sales division  Substantial financial services profits are stated in sales division New truck business/after-sales services/used equipment  Matching refinancing (term and interest)  Regular creditworthiness checks  Quarterly assessment of contractual/residual value risks  Transparency and process reliability via Group database 17 Full disclosure on Jungheinrich’s consolidated balance sheet Business policy Sales policy Risk management
  • 19. Highlights of the Material Handling Equipment Market—Q1 2016 19  World material handling equipment market expands by nearly 4%, driven by the European market (up 12%)  Clear signs of stabilization apparent in Russia  The Asian market posted a marginal gain, whereas the North American market experienced a slight downward trend  Warehousing equipment product segment grows 10% globally, buoyed by increases primarily in Europe and Asia
  • 20. 20 Jungheinrich Highlights—Q1 2016  Incoming orders post double-digit growth (in terms of units and value)  ‘Logistics Systems’ division contributes just over one-third of the rise in the value of incoming orders  At 24,000 trucks, production bests year-earlier quarter by 8%  All business fields contribute to the net sales growth  EBIT climbs 8% to €46 million  Orders on hand up 20% vs. 12/31/2015; order reach nearly 5 months  Full-year forecast for 2016 unchanged
  • 21. 21 World Material Handling Equipment Market as of Jan. to March 2016—Growth Rates by Region based on incoming orders in units, Q1 2016 compared to Q1 2015 +12% +13% +9% +1% +4% 282.4 1-3/2015 292.8 1-3/2016 Western Europe Eastern Europe Europe Asia North America World -1% World market in thousand units thereof Russia -2% Source: WITS, SIMHEM 3/2016 thereof China +7%
  • 22. 22 755666 +13% 27,50024,500 +12% 24,00022,200 +8%620 667 Current Business Trend—Q1 2016 +8% Q1 2016Q1 2015 Q1 2016Q1 2015 Q1 2016Q1 2015 Q1 2016Q1 2015 Incoming orders in million € Incoming orders units Net sales in million € Production units
  • 23. +2% EBIT in million € 23 45.842.3 +8% Net income in million € 28.327.6 +3% 0.860.8439.4 40.2 EBT in million € Earnings per preferred share in € +2% Q1 2016Q1 2015 Q1 2016Q1 2015 Q1 2016Q1 2015 Q1 2016Q1 2015 Earnings Trend—Q1 2016
  • 24. 24 <1% World Material Handling Equipment Market as of Jan. to April 2016—Growth Rates by Region Based on incoming orders in units, 1-4/2016 compared to 1-4/2015 +12% +11% +14% -3% +2% 381.7 1-4/2015 388.8 1-4/2016 Western Europe Eastern Europe Europe Asia North America World -1 % thereof Russia +19% Source: WITS, SIMHEM 4/2016 thereof China +2% World market in thousand units
  • 25. Incoming orders in million € 25 1,066894 +19% Incoming orders in units 37,10032,300 +15 % 32,70030,600 +7 %846 930 Current Business Trend—January to April 2016 Net sales in million € Production in units +10 % 1-4/20161-4/2015 1-4/20161-4/2015 1-4/20161-4/2015 1-4/20161-4/2015
  • 27. 27 Goal 2020: ~€4 bn net sales The Jungheinrich Group’s Growth Strategy
  • 28. 28 Source: WITS,SIMHEM. 191 277 411 951 219 444 345 1,094 235 414 373 1,100 Europe Asia North America 2007 2015 2014 +0.5% -7% +7% 2007 2015 2014 2007 2015 2014 2007 2015 2014 +8% World thereof Eastern Europe -7.2% thereof Eastern Europe -0.4% thereof China -12.8% thereof China +10.2% Incoming orders in thousand units World Material Equipment Market—Expected Development in 2016  Slight increase in world market volume.  Market volume in Western and Eastern Europe is currently expected to display positive development.  We anticipate that the markets in Asia expand marginally, driven by the warehousing equipment and battery-powered counterbalanced truck segments.  For the North American market we expect a stable development.
  • 29. Dividend policy: Payout ratio of 25% to 30% of net income Jungheinrich Group—Forecast for 2016 Capital expenditures in tangible assets €90 m - €100 m Research and development expenditures €60 m - €65 m 29 Incoming orders €3.0 bn - €3.1bn Net sales €2.9 bn - €3.0 bn EBIT €220 m - €230 m EBT €200 m - €215 m EBIT ROS minimum 7.6% EBT ROS minimum 6.9% ROCE 15% - 20%
  • 30. 30 Disclaimer Since developments cannot be foreseen, the actual business trend may deviate from the expectations presented here based on assumptions and estimates made by Jungheinrich company management. Factors that may lead to such deviations include changes in the economic environment, changes in the political and legal environment and within the material handling equipment sector as well as exchange and interest rate fluctuations. Therefore, no responsibility is taken for forward-looking statements made in this presentation and no ensuing liability is assumed.
  • 31.
  • 33. 0 50.000 100.000 150.000 200.000 250.000 300.000 Russia Turkey Netherlands Australia Canada Poland Spain Italy UK France Germany USA China 33 Market volume in 2015 Market volume in 2014 -13%1 +8% +9% +12%2 +15% +21%2 +27%2 +8% -3% +3% +7%2 +5% -39%2 European market volume in 2015 still 9% down on pre-crisis level (2007) Development of the Material Handling Equipment Markets of Importance to Jungheinrich 1 Solely due to the shrinkage of the counterbalanced truck market (in particular ICs), not of the warehousing equipment market. 2 2007 pre-crisis level not achieved yet. 50,000 100,000 150,000 200,000 250,000 300,000 units
  • 34. 6,382 4,678 2,498 2,083 1,882 1,855 1,487 1,326 800 783 Toyota Kion Jungheinrich Hyster-Yale Crown Mitsubishi Nichiyu Kalmar Unicarriers Manitou Anhui Heli 34 Toyota Raymond BT Indust. Cesab Linde Still Fenwick OM Still Baoli Voltas Mitsubishi Nippon Y. Caterpillar Rocla Nissan TCM Atlet 1 2 2 Kalmar Cargotec 2 Hyster Yale Utilev Crown Hamech World League Ranking Competitors in 2014 sales in million € Source: Logistik Journal October 2015, Comany data. 1 Fiscal year April to March adjusted Jan. to Dec. 2014. 2 Fiscal year April to March.
  • 35. Low-lift trucks ● ● Stacker trucks ● ● Battery-powered counterbalanced trucks ● ● IC engine-powered counterbalanced trucks ● Reach trucks ● ● Order pickers ● ● ● Tow tractors ● High-rack stackers ● Stacker cranes ● ● load handling equipment ● Small-series and customized trucks ● ● Control units, batteries and chargers ● Reconditioning of used equipment ● 35 Germany ChinaHungaria Jungheinrich Group production sites
  • 37. In € million 2,001 505 1,496 2007 2,116 571 1,545 2011 Consolidated Net Sales Germany Abroad 37 2,270 607 1,663 2,290 613 1,677 20132012 2014 2,498 655 1,843 2015 2,754 701 2,053 Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted to the change in the statement of interest income from financial services (finance lease customer contracts).
  • 38. EBIT in € million EBIT Return on sales (EBIT ROS) 139.5 7.0% 2007 2011 EBIT and EBIT ROS 145.8 6.9% 38 2013 176.8 7.8% 172.4 7.5% 2012 EBIT ROS 2014 192.7 7.7% 2015 213.1 7.7% Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted due to the application of the amended version of IAS 19 and various changes in the accounting treatment of interest income and expenses.
  • 39. Capital employed in € million ROCE ROCE 2007 2011 578 24.1% 556 26.2% 39 21.6% 2013 920 18.7% 2012 818 1,047 18.4% 2014 1,187 17.9% 2015 EBIT-Return on Capital Employed (ROCE) Interest-bearing capital excluding liabilities from financial services and provisions for pensions. Since 2012, interest-bearing capital includes provisions for pensions and provisions for non-current personnel obligations. Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted due to the application of the amended version of IAS 19 and various changes in the accounting treatment of interest income and expenses.
  • 40. 2007 2011 40 2012 41 38 44 350 342 378 45 2013 400 50 2014 418 2015 55 434 Research & Development Expenditures in million € Number of employees (FTE, average) Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted due to the application of the amended version of IAS 19 and various changes in the accounting treatment of interest income and expenses.
  • 42. 26.7% 2007 39.9% 27.8% 2011 43.0% Equity Ratio Jungheinrich Group 42 27.3% 42.4% 30.2% 47.1% 20132012 29.6% 46.0% 2014 30.6% 47.6% 2015 "Intralogistics" segment Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted due to the application of the amended version of IAS 19 and various changes in the accounting treatment of interest income and expenses.
  • 43. 40 2007 -162 2011 -183 2012 Net debt 43 -154 2013 -132 2014 „Cash“ 2015 -75 Net Debt excl. liabilities from financial services and accrued liabilities for pensions (in million €)
  • 44. 82 2007 106 2011 44 112 107 20132012 126 2014 138 2015 Net Income Change in accounting treatment as of 1/1/2013, figures for 2012 were adjusted due to the application of the amended version of IAS 19 and various changes in the accounting treatment of interest income and expenses.
  • 46. Financial Calendar Subscribed capital: 102 million € subdivided into 54 million non-par-value ordinary shares 48 million non-par-value preferred shares (listed) Securities identification numbers (Preferred shares): ISIN: DE0006219934 WKN: 621 993 Segment: Prime Standard Branch: Industry Stock index: MDAX General Information Contact: Pro-forma figures for the 2015 financial year 03/03/2016 Balance sheet press conference 03/23/2016 Analyst conference 03/24/2016 Interim report as of 03/31/2016 05/10/2016 2016 Annual General Meeting 05/24/2016 Dividend payment 05/25/2016 Interim report as of 06/30/2016 08/11/2016 Interim report as of 09/30/2016 11/08/2016 Stock exchanges: Frankfurt and Hamburg and all other German stock exchanges Andrea Bleesen Head of Investor Relations Jungheinrich Aktiengesellschaft Friedrich-Ebert Damm 129 · 22047 Hamburg Telefon +49 40 6948-3407 Fax +49 40 6948-753407 andrea.bleesen@jungheinrich.de www.jungheinrich.com Ticker abbreviations: Reuters JUNG_p.de Bloomberg JUN3 GR