Carlo Gavazzi Holding Ag · SIX:GAV
Carlo Gavazzi — Investor Presentation (June 2023)
29 slides from Carlo Gavazzi's investor presentation, Jun 22, 2023
Slide 1: Carlo Gavazzi Holding AG 2022/23 Business Year
Media and Financial Analysts Zoom Meeting 2023 Carlo Gavazzi Holding AG 2022/23 Business Year Media and Financial Analysts Zoom Meeting June 22, 2023
Slide 2: Agenda for Today
Media and Financial Analysts Zoom Meeting 2023 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 Zoom Meeting 2023 Welcome Daniel Hirschi Chairman
Slide 4: General Overview - Key Figures: Sales and Bookings
General Overview - Key Figures Sales and Bookings CHF million 22/23 21/22 Δ CHF Δ LC Revenue from sale of goods 209.6 183.4 +14.3% +20.1% Bookings 229.8 232.1 -1.0% +4.2%
Slide 5: General Overview - Markets and Products
General Overview - Markets and Products q Controls: Again strong contribution from energy management products q Sensors: New product family drives sales of inductive sensors q Switches: Up 24%, driven by solid-state relays RG platform
Slide 6: General Overview - Key Figures: Strong profit growth
General Overview - Key Figures Strong profit growth CHF million 2022/23 2021/22 Δ EBITDA 44.9 36.9 + 21.7% EBIT 39.3 31.0 + 26.8 % Net profit for the year 28.2 22.0 + 28.2 %
Slide 7: Challenges and Opportunities
Challenges and Opportunities q Automation / internet of things as megatrends + q Strong demand for energy management solutions + q Europe and Americas with strong growth + q Own initiatives and investments + q Soft sales in Asia-Pacific − q Inflation / geopolitical situation −
Slide 8: Dividend
Dividend Board of Directors proposes: CHF 12.00 per bearer share CHF 2.40 per registered share
Slide 9: Revised Articles of Association / Share Conversion
Revised Articles of Association / Share Conversion Board of Directors proposes: • Revised Swiss corporate law in force since 1 January 2023 • Board proposes a revision of the Articles of Association • Proposal will include a conversion of all bearer shares into registered shares with a nominal value
Slide 10: Automation Components
Media and Financial Analysts Zoom Meeting 2023 Automation Components Jean-Marc Théolier Group CEO
Slide 11: 2022/23 Revenue Distribution by Region
2022/23 Revenue Distribution by Region Asia-Pacific 12% (14%) Americas EMEA 19% (19%) 69% (67%)
Slide 12: General Overview - Geography
General Overview - Geography q Revenues § Europe: +26.5% § Americas: +12.2% § Asia-Pacific: -1.1% q Business development focus § Deploy action plans across the regions towards our strategic industries § Dedicated programs with distributors in industrial and building automation markets in the America
Slide 13: 2022/23 Revenue by Product Line
2022/23 Revenue by Product Line Sensors 20% Switches 34% Controls 46%
Slide 14: Product Innovation (1/4)
Product Innovation (1/4) q Hadsten, Denmark: Sensors devices q Belluno, Italy Monitoring relays, fieldbus, R&D energy management Competence Centers q Zejtun, Malta Solid-state switching devices and motor controllers q New products & current offering update Focus q Energy saving and building automati
Slide 15: Product Innovation (2/4): UWP 4.0
Product Innovation (2/4) Datalogger / Gateway / Controller with Web-Server UWP 4.0
Slide 16: Product Innovation (3/4): ICF Series
Product Innovation (3/4) Full metal inductive proximity sensors with IO-Link communication ICF Series
Slide 17: Product Innovation (4/4): RL series
Product Innovation (4/4) 1-phase solid state relays for resistive loads RL series
Slide 18: Outlook
Outlook • Commitment to operational excellence and anticipating core market trends • Ability to adapt to changing conditions and increased presence in high growth industries will generate a continuous favorable outcome • Incoming orders expected to slow down somewhat in the short term. Group does no
Slide 19: Financial Highlights 2022 / 23
Media and Financial Analysts Zoom Meeting 2023 Financial Highlights 2022 / 23 Tobias Bissig Group CFO
Slide 20: Income Statement
Income Statement (in CHF million) 2022/23 2021/22 Change (%) Bookings 229.8 232.1 -1.0 Revenue from sale of goods 209.6 183.4 +14.3 Gross profit 109.5 98.6 +11.1 • in % of revenue 52.2% 53.7% Net financial expense -0.5 -0.6 -9.6 EBITDA 44.9 36.9 +21.7 EBIT 39.3 31.0 +26.8 EBIT margin 18.8% 16.9% Pro
Slide 21: Balance Sheet
Balance Sheet (at March 31, in CHF million) 2023 2022 Δ CHF Current assets 158.2 141.3 + 16.9 § whereof cash 49.2 66.8 - 17.6 Non-current assets 27.1 27.8 - 0.7 § whereof goodwill 6.7 6.7 - Liabilities 53.5 52.9 + 0.6 Equity attributable to owners of CGH 131.9 116.2 + 15.7 § equity ratio 71.2 % 68.7
Slide 22: Shareholders' Equity
Shareholders’ Equity (in CHF million) 2023 2022 Shareholders’ equity at the beginning of the reporting period 116.2 106.2 § equity ratio 68.7 % 68.2 % Net profit for the year 28.2 22.0 Currency impact - 4.3 - 4.2 Dividends - 8.5 - 8.5 Other + 0.3 + 0.7 Shareholders’ equity at March 31 131.9 116.2 §
Slide 23: Cash Flow Summary
Cash Flow Summary (in CHF million) 2022/23 2021/22 Cash flow from operating activities +14.0 +20.4 Cash flow from investing activities - 18.6 - 2.4 Cash flow from financing activities - 11.0 - 11.1 Change in cash and cash equivalents - 15.6 + 6.9
Slide 24: Net Cash Position
Net Cash Position 80 70 CHF million 60 50 40 net cash position 30 20 10 0 2018/19 2019/20 2020/21 2021/22 2022/23
Slide 25: Share Price Development 1.4.2022 – 31.3.2023
Share Price Development 1.4.2022 – 31.3.2023
Slide 26: Share Price over 5 Years
| | 2018/19 2019/20 2020/21 2021/22 2022/23 ————— CARLO GA\AZZ! BEARER SHARE (NOTADJUSTEDFORDIVIDENDS) SPI EXTRA™ (REBASED. NOT ADJUSTEDFOR DIVIDENDS)
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Slide 28: Questions?
Questions?
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Carlo Gavazzi Holding — Investor Presentation (June 2023) on 6ix