Carlo Gavazzi Holding Ag · SIX:GAV
Carlo Gavazzi — Investor Presentation (June 2024)
29 slides from Carlo Gavazzi's investor presentation, Jun 27, 2024
Slide 1: Carlo Gavazzi Holding AG 2023/24 Business Year
Media and Financial Analysts Web Conference 2024 Carlo Gavazzi Holding AG 2023/24 Business Year Media and Financial Analysts Web Conference June 27, 2024
Slide 2: Agenda for Today
Media and Financial Analysts Web Conference 2024 AGENDA FOR TODAY WELCOME & OVERVIEW Daniel Hirschi, Chairman AUTOMATION COMPONENTS Jean-Marc Théolier, Group CEO FINANCIAL HIGHLIGHTS Tobias Bissig, Group CFO Q&A
Slide 3: Welcome
Media and Financial Analysts Web Conference 2024 Welcome Daniel Hirschi Chairman
Slide 4: Key Facts in a Nutshell
Key Facts in a Nutshell q Sales and profit decline after exceptional post-Covid growth period q Strengthened balance sheet despite challenging markets q ERP fully implemented worldwide q Sustainability Report confirms ESG goals
Slide 5: P&L - Key Figures 2023/24
P& L - Key Figures 2023/24 (CHF million) 2023/24 2022/23 % Revenue from sale of goods 172.2 209.6 -17.8 EBIT 25.3 39.3 -35.6 Net profit for the year 18.7 28.2 -33.7
Slide 6: Balance Sheet - Key Figures 2023/24
Balance Sheet - Key Figures 2023/24 (CHF million) 2023/24 2022/23 % Net Cash Position 51.3 49.2 +4.1 Total Liabilities 42.8 53.5 -19.9 Total Equity* 139.2 131.9 +5.6 Equity Ratio 76.4% 71.2% *Total equity attributable to owners of the Carlo Gavazzi Holding AG
Slide 7: Challenges and Opportunities
Challenges and Opportunities q Inflation / fragile geopolitical situation − q Bookings still under pressure − q Sound financial position + q Investments in R&D, Production, Marketing, Distribution + q Innovative product portfolio / strong distribution + q Positive mid-term sales growth +
Slide 8: Dividend Proposal
Dividend Proposal Virtual Annual Meeting on July 30, 2024 Dividend proposal: CHF 8.00 per ordinary share CHF 1.60 per voting share
Slide 9: Business Review 2023/24
Media and Financial Analysts Web Conference 2024 Business Review 2023 / 24 Jean-Marc Théolier Group CEO
Slide 10: General Overview - Geography
General Overview - Geography q Revenues in local currencies § Europe: -14,5% § Americas: -12,9% § Asia-Pacific: -7,1% q Business development focus § Deploy action plans across the regions towards our strategic industries § Dedicate programs with distributors and system integrators in both automation
Slide 11: 2023/24 Revenue Distribution by Region in CHF
2023/24 Revenue Distribution by Region in CHF Asia-Pacific 13% (12%) Americas 18% (19%) EMEA 69% (69%)
Slide 12: 2023/24 Revenue by Product Line
2023/24 Revenue by Product Line Sensors 20% Switches 32% Controls 48%
Slide 13: Product Innovation (1/4)
Product Innovation (1/4) q Hadsten, Denmark: Sensors devices q Belluno, Italy: R&D Lainate, Italy: Competence Energy management, Centers Monitoring relays q Zejtun, Malta Solid-state switching devices and motor controllers q New products aligned with our strategic industries Focus q Voice of custome
Slide 14: Product Innovation (2/4)
Product Innovation (2/4) DCT1 with its secure communication, accuracy and Energy transducer installation flexibility, is the ideal transducer for DC fast for DC EV chargers chargers DCT1
Slide 15: Product Innovation (3/4)
Product Innovation (3/4) The electrification in DC powered mobile equipment DC solid state relays and Food and Beverage equipment (Coffee machines) for resistive loads RM1 D
Slide 16: Product Innovation (4/4)
Product Innovation (4/4) Our problem solver sensor for accurate detection of Photoelectric Laser sensor shiny objects, small parts and transparent bottles with with IO-Link communication IO-Link communication LD30 Series
Slide 17: Outlook
Outlook q Customers are still reducing their inventories q In 2024/25, negative growth can not be excluded q Positive sales growth rates in the mid-term q Group is well positioned in terms of financial stability, focused strategy, innovative technology and long-term customer relationships
Slide 18: Financial Highlights 2023/24
Media and Financial Analysts Web Conference 2024 Financial Highlights 2023 / 24 Tobias Bissig Group CFO
Slide 19: Income Statement
Income Statement (CHF million) 2023/24 2022/23 % Bookings 134.0 229.8 -41.7 Revenue from sale of goods 172.2 209.6 -17.8 EBITDA 31.9 44.9 -29.0 EBIT 25.3 39.3 -35.6 Net profit for the year 18.7 28.2 -33.7 Total equity attributable to owners of CGH 139.2 131.9 +5.5
Slide 20: Balance Sheet
Balance Sheet (at March 31, in CHF million) 2024 2023 Δ CHF Current assets 155.4 158.2 - 2.8 § whereof cash 51.3 49.2 +2.1 Non-current assets 26.7 27.1 - 0.4 Liabilities 42.9 53.5 - 10.6 Equity attributable to owners of CGH 139.2 131.9 + 7.3 § Equity ratio 76.4 % 71.2 % Total 182.1 185.3 - 3.2
Slide 21: Shareholders' Equity
Shareholders’ Equity (in CHF million) 2024 2023 Shareholders’ equity at the beginning of the reporting period 131.9 116.2 § equity ratio 71.2 % 68.7 % Net profit for the year 18.7 28.2 Currency impact - 2.75 - 4.3 Dividends - 8.5 - 8.5 Other - 0.15 + 0.3 Shareholders’ equity at March 31 139.2 131.9
Slide 22: Cash Flow Summary
Cash Flow Summary 2023/24 2022/23 Cash flow from operating activities 21.3 14.0 Cash flow from investing activities (7.3) (18.6) Cash flow from financing activities (11.1) (11.0) Change in cash and cash equivalents 2.9 (15.6)
Slide 23: Net Cash Position CHF million
Net Cash Position 80 70 CHF million 60 50 40 net cash position 30 20 10 0 2019/20 2020/21 2021/22 2022/23 2023/24
Slide 24: Share Price Development 1.4.2023 – 31.3.2024
Share Price Development 1.4.2023 – 31.3.2024
Slide 25: Share Price over 5 Years
400 300 200 00 0 2019/20 2020/21 2021/22 CARLO GAVAZZI SHARE (NOT ADJUSTED FOR DIVIDENDS) SPI EXTRA™ (REBASED. NOT ADJUSTED FOR DIVIDENDS) 2022/23 2023/24
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Slide 27: Questions??
Questions??
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Carlo Gavazzi Holding — Investor Presentation (June 2024) on 6ix