Kendrion N.V. · EURONEXT:KENDR
Kendrion — Rabo Investor Conference 2015
23 slides from Kendrion's conference presentation, Sep 11, 2015
Slide 1: Rabo Investor Conference
10/09/2015 Inserting a picture: - click ribbon tab DESIGN; in group ‘Customize’ select ‘Format Background’ - below ‘FILL’ click ‘Picture or texture fill’ - below ‘Insert picture from’ click ‘File...’, select your picture in the browser and click ‘Insert’ - if you want to use the picture as backgroun
Slide 2: The Kendrion organisation
10/09/2015 Inserting a picture: - click ribbon tab DESIGN; in group ‘Customize’ select ‘Format Background’ - below ‘FILL’ click ‘Picture or texture fill’ - below ‘Insert picture from’ click ‘File...’, select your picture in the browser and click ‘Insert’ - if you want to use the picture as backgroun
Slide 3: Business summary
10/09/2015 Business summary To be a leader in business-to-business niche markets Mission To be a leader in innovation and technology To be a financially strong company Steady growth to achieve our ambitious targets Strategy Focus on long-term partnerships with our global customers Balanc
Slide 4: Kendrion a leader in innovation and technology
10/09/2015 Kendrion a leader in innovation and technology Kendrion Day & Symposium communicating about latest technologies Kendrion Mechatronics Center Transferring R&D knowledge Partnerships with renowned over locations & countries universities & institutes INNOVATION Business Development Technolog
Slide 5: Balanced spread of operations and key customers
10/09/2015 Balance spread of operations to mitigate our risks Division Division Automotive Industrial 66% 34% 9 Focus on long-term partnerships with our global customers Kendrion's key customers include amongst others Kendrion N.V. Industrial Automotive Siemens Volkswagen/ Audi Oerlikon Cont
Slide 6: Global network and acquisitions
10/09/2015 Our global network of production, engineering & sales facilities Americas Europe Asia 11 Acquisitions are an important part of our growth strategy 1859 1997 Founded Acquisition 2000 Acquisition 2001 Name Change 2005 Founded 2007 Acquisition 2008 2010 Acquisition Acquisition 2011 2013 Acqu
Slide 7: Progress in strategy (1/4)
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Slide 8: Progress in strategy: most important niches
10/09/2015 Progress in strategy (2/4) Most important niches Division Industrial Energy market Process automation Industrial appliances 15 Progress in strategy (3/4) Most important niches Division Automotive Fuel systems Sound systems Engine management Active damping Human interfa
Slide 9: Progress in strategy (4/4): new mid-term plan
10/09/2015 Progress in strategy (4/4) New Mid-term Plan: "Focus on markets, markets in focus" New revenue target EUR 550 – 600 million in 2018 (organically, without acquisitions) Change of organisational structure Division Automotive (end 2015) PCS + ACS => business area Passenger Cars CVS
Slide 10: Highlights for the first six months 2015
10/09/2015 Highlights for the first six months 2015 Ongoing good market conditions Organic growth of 6% (2% excluding currency effects) Most business units performed well: Automotive Control Systems: revenue decline of -8% Other business units: revenue increase of 9% Somewhat pressured o
Slide 11: Key figures first six months 2015
10/09/2015 Key figures first six months 2015 (x EUR 1 million unless otherw ise stated) Q2 2015 Q2 2014 Difference in % Revenue 114.3 110.5 3% EBITDA 12.9 13.2 -2% EBITA 8.0 9.2 -13% Net profit 5.6 5.5 2% ROS 7.0% 8.3% (x EUR 1 million unless otherw ise stated) HY1 2015 HY1 2014 Difference in % Reve
Slide 12: Division Industrial product overview
10/09/2015 Division Industrial 23 Product overview Division Industrial Single stroke solenoids Valve, valve units Permanent-magnet brakes Rotary solenoids Linear solenoids Pneumatic clutches Door holding solenoids Rotary solenoids Clutch brake units Holding magnets Holding sole
Slide 13: Turnover and locations Division Industrial
10/09/2015 Turnover Division Industrial 25 Locations Division Industrial Kendrion (Villingen), Kendrion Kendrion Kuhnke, Kendrion Kuhnke, Kendrion (Switzerland), Kendrion (Linz), Germany (Donaueschingen Germany Sweden Hausen am Albis Austria /Engelswies), Germany IDS IMS ICS ICS IMS IMS Kendrion IMS
Slide 14: General remarks Division Industrial
10/09/2015 General remarks Division Industrial Overall good market conditions during the year, especially in the machine market Swiss market under pressure due to currency effects Very good performance Industrial Magnetic Systems Turnover HY1 2015: EUR 77 million (HY1 2014: EUR 76 million)
Slide 15: Division Automotive product overview
10/09/2015 Division Automotive 29 Product overview Division Automotive Common rail injection Electronics A/C compressor drives Common rail injection systems Solenoid technology Belt drive systems systems Gasoline direct injection Pneumatic systems Clutches for auxiliary units Eng
Slide 16: Turnover and locations Division Automotive
10/09/2015 Turnover Division Automotive Note: Hydraulics activities transferred from the Passenger Car Systems business unit to the business area Commercial Vehicles 31 Locations Division Automotive Kendrion (Villingen), Kendrion (Markdorf), Kendrion Kuhnke, Kendrion Kuhnke, Kendrion Kendrion German
Slide 17: General remarks Division Automotive
10/09/2015 General remarks Division Automotive Overall good market conditions during the year, especially in German automotive market Good performance Passenger Car Systems and Commercial Vehicle Systems / Heavy Duty Systems Turnover HY1 2015: EUR 151 million (HY1 2014: EUR 140 million) Orga
Slide 18: Financial position and results (1/4)
10/09/2015 Financial position and results (1/4) (x EUR 1 million unless otherw ise stated) Q2 2015 Q2 2014 Difference in % Revenue 114.3 110.5 3% EBITDA 12.9 13.2 -2% EBITA 8.0 9.2 -13% Net profit 5.6 5.5 2% ROS 7.0% 8.3% (x EUR 1 million unless otherw ise stated) HY1 2015 HY1 2014 Difference in % R
Slide 19: Financial position and results (3/4)
10/09/2015 Financial position and results (3/4) Net finance costs reduced to EUR 1.6 million (HY1 2014: EUR 2.7 million) due to strong financial position and lower interest margins Lower effective tax rate HY1 2015: 16% (HY1 2014: 20%) due to one-off tax gain of EUR 1.2 million in Q2 2015 relate
Slide 20: Outlook
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Slide 21: Succession CEO
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Slide 22: Open day for investors and analysts in Villingen
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Slide 23: Kendrion - We magnetise the world
10/09/2015 KENDRION WE MAGNETISE THE WORLD www.kendrion.com BINDER| je KUHNKE 23