OEC FY 2015 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

FY 2015 Earnings

Reported March 3, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.6B	—	-24.2%
Op. Income	$143M	—	$159M	—	-10.4%
Gross Margin	28.8%	—	22.8%	—	6.0pp
Net Margin	3.9%	—	-4.6%	—	8.5pp
EPS (Diluted)	$0.79	—	$-1.35	—	158.5%
Free Cash Flow	$135M	—	$25M	—	439.3%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$865M
GROSS PROFIT	$350M
R&D Expenses	$15M
Selling & Marketing	$118M
General & Administrative	$68M
SG&A Expenses	$186M
Other Expenses	-$5M
Operating Expenses	$212M
Cost & Expenses	$1.1B
OPERATING INCOME	$143M
Interest Income	$2M
Interest Expense	$50M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$74M
Income Tax Expense	$26M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$80M
EBIT	$123M
EBITDA	$204M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$865M
GROSS PROFIT	$350M
R&D Expenses	$15M
Selling & Marketing	$118M
General & Administrative	$68M
SG&A Expenses	$186M
Other Expenses	-$5M
Operating Expenses	$212M
Cost & Expenses	$1.1B
OPERATING INCOME	$143M
Interest Income	$2M
Interest Expense	$50M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$74M
Income Tax Expense	$26M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$80M
EBIT	$123M
EBITDA	$204M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$48M
Depreciation & Amortization	$81M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$33M
Change in Working Capital	$31M
OPERATING CASH FLOW	$192M
Capital Expenditure	-$57M
Acquisitions (Net)	-$25M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$83M
Net Debt Issuance	-$69M
Common Stock Repurchased	$0
Common Dividends Paid	-$44M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$114M
FREE CASH FLOW	$135M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$71M
Short-Term Investments	$3M
Net Receivables	$198M
Inventory	$115M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$410M
PP&E (Net)	$422M
Goodwill	$53M
Intangible Assets	$104M
Long-Term Investments	$8M
Tax Assets	$60M
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$651M
TOTAL ASSETS	$1.1B
Account Payables	$102M
Short-Term Debt	$5M
Deferred Revenue	$60M
Other Current Liabilities	$31M
TOTAL CURRENT LIABILITIES	$185M
Long-Term Debt	$711M
Deferred Revenue NC	$66M
Deferred Tax Liabilities	$44M
Other Non-Current Liabilities	$61M
TOTAL NON-CURRENT LIABILITIES	$822M
TOTAL LIABILITIES	$1.0B
Common Stock	$65M
Additional Paid-In Capital	$0
Retained Earnings	$47M
Treasury Stock	$0
Accum. Other Comp. Income	-$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$54M
Minority Interest	$0
TOTAL EQUITY	$54M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$717M
Net Debt	$645M