Metall Zug Ag Class B · SIX:METN

Metall Zug Ag Class B — H1 2022 Earnings Presentation

49 slides from Metall Zug Ag Class B's earnings presentation, Aug 12, 2022

  1. Slide 1: Metall Zug AG - Welcome, Half Year 2022

    METALL ZUG AG - WELCOME Half Year 2022 Daniel Keist, CFO Matthias Rey, designated CEO Urs Scherrer, designated CFO Bettine Killmer, Head of Corporate Communication & IR Investor Presentation – August 12, 2022 1

  2. Slide 2: Welcome

    METALL ZUG GROUP WELCOME - New Management: Matthias Rey, CEO and Urs Scherrer, CFO as per September 1, 2022, after retirement of Daniel Keist - Metall Zug developed favorably in the first half year 2022, despite continuing challenges related to supply shortages, increased energy costs, freight bottl

  3. Slide 3: What we expected for 2022

    METALL ZUG GROUP WHAT WE EXPECTED FOR 2022 What we planned for 2022 and what we achieved in HY 1/22 − Obtaining the approval of the relevant competition authorities and − successful closing with respect to the combination with Komax Holding AG − Further increase sales and EBIT margin − Maintain EBIT

  4. Slide 4: Content

    METALL ZUG GROUP CONTENT 1. Group Financial Report HY 1/22 2. Business Units Industry − Infection Control − Medical Devices − Wire Processing − Others 3. Business Unit Technologycluster & Infrastructure 4. Sustainability @ Metall Zug 5. Metall Zug Group – 2022 6. Information for Investors Investor P

  5. Slide 5: Group Financial Report HY 1/22

    GROUP FINANCIAL REPORT HY 1/22

  6. Slide 6: Overview HY 1/22

    METALL ZUG GROUP OVERVIEW HY 1/22 – Significant increase of order entry in BUs Wire Processing, Belimed Life Science and Gehrig Group compared to prior year. Continued high order entry on prior year level in BU Medical Devices – Group net sales of CHF 324.4 million (HY 1/21: CHF 302.8 million), Orga

  7. Slide 7: Income Statement

    GROUP FINANCIAL REPORT INCOME STATEMENT CHF million HY 1/22 in % HY 1/21 in % Comment Net sales 324.4 100.0 302.8 100.0 Cost of Goods and Services sold -203.8 -62.8 -189.3 -62.5 Gross profit 120.6 37.2 113.5 37.5 Maketing and sales expenses -39.9 -12.3 -38.8 -12.8 Research and development expenses -

  8. Slide 8: Net Sales HY 1/22

    GROUP FINANCIAL REPORT NET SALES HY 1/22 by Business Unit by region Switzerland Others Asia/Pacific/Others 8% 10% 17% (7%) Medical Devices (9%) (17%) 33% (33%) Europe w/o Switzerland 36% (40%) Infection Control 21% Americas Wire Processing (25%) 39% 36% (36%) (33%) (Previous year’s values in bracket

  9. Slide 9: Net Sales Analysis

    GROUP FINANCIAL REPORT NET SALES ANALYSIS ORGANIC GROWTH EXTERNAL FX GROUP REPORTED 1) Net sales in million CHF 1) 1) Includes effect of transfer of Life Science Service business from Belimed Infection Control to Belimed Life Science (Net Sales HY 1/21: CHF 6.0 million) Investor Presentation – Augus

  10. Slide 10: Operating Result (EBIT) Analysis

    GROUP FINANCIAL REPORT OPERATING RESULT (EBIT) ANALYSIS OPERATIONAL (BUs) Group REPORTED 1) EBIT in million CHF 1) 1) Includes effect of transfer of Life Science Service business from Belimed Infection Control to Belimed Life Science (EBIT HY 1/21: CHF 2.4 million) Investor Presentation – August 12,

  11. Slide 11: Metall Zug Group Seasonality

    GROUP FINANCIAL REPORT METALL ZUG GROUP SEASONALITY Net sales EBIT 95 55.0 50.0 1200 45.0 Net sales in CHF million 49.0 75 40.8% EBIT in CHF million 48.0 HY1 as % of FY 1000 46.3% 35.0 HY 1 in % of FY 628 47.3% 52.9 45.8% 47.0 55 34.2% 800 25.0 630 46.0 44.2% 13.7* 3.7** 600 45.0 359 35 15.0 400 44.

  12. Slide 12: Balance Sheet

    GROUP FINANCIAL REPORT BALANCE SHEET CHF million 06/30/2022 in % 12/31/2021 in % Comment Cash and cash equivalents / securities 50.2 6.7 81.8 11.4 Other current assets 358.2 47.8 297.0 41.5 Current assets 408.4 54.5 378.8 52.9 Tangible assets 178.4 23.8 175.4 24.5 Includes V-ZUG participation (equit

  13. Slide 13: Cash Flow Statement

    GROUP FINANCIAL REPORT CASH FLOW STATEMENT CHF million HY 1/22 HY 1/21 Comment Cash flow from operating activities -13.4 33.3 HY 1/22: significant increase in NWC (mainly inventory) Cash flow from investing activities -20.9 -9.8 - of which investments in tangible assets -12.9 -10.9 - of which invest

  14. Slide 14: Business Units Industry

    NG _ azz METALL ZUG BUSINESS UNITS INDUSTRY

  15. Slide 15: Infection Control

    INFECTION CONTROL HY 1/22 : NET SALES CHF 73.1 MILLION; EBIT CHF -4.6 MILLION Investor Presentation – August 12, 2022 15

  16. Slide 16: Infection Control: Key Figures and Overview

    INFECTION CONTROL KEY FIGURES AND OVERVIEW CHF million HY 1/22 HY 1/21 Δ Net Sales by region 5% Net sales 73.1 78.3 -6.7% 18% (5%) (16%) Operating result (EBIT) -4.6 1) -2.1 -119.5% EBIT margin in % -6.3 -2.7 -360bp Switzerland 1) incl. CHF 1.6 million extraordinary one-time impact; adjusted EBIT CH

  17. Slide 17: Infection Control: Strategic Priorities

    INFECTION CONTROL STRATEGIC PRIORITIES – Benefit from reduced complexity of the business structure and processes as a pure player – Increase market share in the US and APAC – Further expand the Consumables and Service business – Initiate / prepare for acquisitions and co-operations, complement produ

  18. Slide 18: Medical Devices

    MEDICAL DEVICES HY 1/22 : NET SALES CHF 105.9 MILLION; EBIT CHF 18.4 MILLION Investor Presentation – August 12, 2022 18

  19. Slide 19: Medical Devices: Key Figures and Overview

    MEDICAL DEVICES KEY FIGURES AND OVERVIEW CHF million HY 1/22 HY 1/21 Δ Net Sales by region 15% 4% Net sales 105.9 1) 101.5 4.3% (16%) (3%) Operating result (EBIT) 18.4 2) 13.7 2) 34.7% Switzerland EBIT margin in % 17.4 13.5 +390bp Europe (excl. CH) 1) incl. CHF -3.7 million effect of divestment IPRO

  20. Slide 20: Medical Devices: Strategic Priorities

    MEDICAL DEVICES STRATEGIC PRIORITIES – Accelerate organic growth through consistent and groupwide aligned market development in existing as well as new markets. – Increase competitiveness by further developing the overall solutions portfolio and leveraging the benefits for patients and for physician

  21. Slide 21: Wire Processing

    WIRE PROCESSING HY 1/22 : NET SALES CHF 117.0 MILLION; EBIT CHF 13.7 MILLION Investor Presentation – August 12, 2022 21

  22. Slide 22: Wire Processing: Key Figures and Overview

    WIRE PROCESSING KEY FIGURES AND OVERVIEW CHF million HY 1/22 HY 1/21 Δ Net sales 117.0 1) 98.8 18.4% Operating result (EBIT) 13.7 6.7 103.9% EBIT margin in % 11.7 6.8 +490bp 1) incl. CHF 0.9 million acquisition impact of Schleuniger Messtechnik GmbH Net Sales by region – Record high order entry, esp

  23. Slide 23: Wire Processing: Strategic Priorities

    WIRE PROCESSING STRATEGIC PRIORITIES – Continue the transformation of Schleuniger from a high-quality machine manufacturer and solution provider into a strategic system partner for its customers – Participate in the megatrend of Electric Cars with growing volumes with Schleuniger’s self developed, f

  24. Slide 24: Current Status on Planned Merger of Schleuniger and Komax

    METALL ZUG GROUP CURRENT STATUS ON PLANNED MERGER OF SCHLEUNIGER AND KOMAX – The planned merger of Schleuniger with Komax was announced on February 9, 2022 – Metall Zug will contribute its Wire Processing business, the Schleuniger Group, to the Komax Group and in return to receive a stake of 25% in

  25. Slide 25: Financial Impact of Deconsolidation Schleuniger

    METALL ZUG GROUP FINANCIAL IMPACT OF DECONSOLIDATION SCHLEUNIGER – Metall Zug expects a profit from the transaction of CHF 100 million to CHF 110 million (depending on Komax share price on closing date; estimate from August 8, 2022). This profit will not have any tax impact. – Schleuniger will be co

  26. Slide 26: Others: Belimed Life Science, Gehrig Group, Metall Zug AG

    OTHERS: BELIMED LIFE SCIENCE, GEHRIG GROUP, METALL ZUG AG (CORPORATE) HY 1/22 : NET SALES CHF 33.8 MILLION; EBIT CHF -5.0 MILLION Investor Presentation – August 12, 2022 26

  27. Slide 27: Others: Key Figures and Overview

    OTHERS KEY FIGURES AND OVERVIEW CHF million HY 1/22 HY 1/21 Δ Net sales 33.8 27.9 21.2% Operating result (EBIT) -5.0 -1.8 -184.6% EBIT margin in % -14.9 -6.3 -860bp BELIMED LIFE SCIENCE – Significantly higher order entry – Despite pleasing order entry and additional revenue from the transfer of Serv

  28. Slide 28: Technologycluster & Infrastructure

    TECHNOLOGYCLUSTER & INFRASTRUCTURE

  29. Slide 29: Technologycluster & Infrastructure: HY 1/22 EBIT

    TECHNOLOGYCLUSTER & INFRASTRUCTURE HY 1/22: EBIT CHF 1.0 MILLION Tech Cluster Zug Grienbachstrasse 11 Mobility Hub Pi CHF million HY 1/22 HY 1/21 Δ Net sales 0.0 0.0 n/a Operating result (EBIT) 1.0 0.4 149.1% EBIT margin in % n/a n/a n/a Investor Presentation – August 12, 2022 29

  30. Slide 30: Tech Cluster Zug Characteristics & Concepts

    TECHNOLOGYCLUSTER & INFRASTRUCTURE TECH CLUSTER ZUG CHARACTERISTICS & CONCEPTS – Transform the site gradually into the Tech Cluster Zug based on the legally binding Tech Cluster Zug development plan while V-ZUG continues to be operational – Create a new, concentrated part of the city as a place for

  31. Slide 31: Tech Cluster Zug – Significant Development Potential

    TECHNOLOGYCLUSTER & INFRASTRUCTURE TECH CLUSTER ZUG – SIGNIFICANT DEVELOPMENT POTENTIAL Current projects Total area potential Mobility Hub Zug Nord - Development area (ground): approx. 54’000 m2, plus Grienbachstrasse (5’500 m2) - Building volume TCZ: Up to 1’045’500 m3 incl. V-ZUG and Mobility Hub

  32. Slide 32: Tech Cluster Zug – Major Rental Projects

    TECHNOLOGYCLUSTER & INFRASTRUCTURE TECH CLUSTER ZUG – MAJOR RENTAL PROJECTS Mobility Hub Zug Nord SHL Südtor Westhive 102’565 m3 building volume 55’466 m3 building volume 12’144 m3 building volume 10’100 m2 production area Project size 1’862 m2 commercial usage 2’304 m2 office space 5’346 m2 office

  33. Slide 33: Major Sales Projects

    TECHNOLOGYCLUSTER & INFRASTRUCTURE TECH CLUSTER ZUG / OTHERS – MAJOR SALES PROJECTS CreaTower I Project Pi (not part of TCZ development plan area) 35’800 m3 building volume 96’000 m3 building volume 895 m2 ground to be sold Approx. 16’500 m2 living space Project size 6’531 m2 office space (One of th

  34. Slide 34: Investments in Real Estate Development Projects

    METALL ZUG GROUP INVESTMENTS IN REAL ESTATE DEVELOPMENT PROJECTS CAPEX of current TCZ rental projects / rental income In the current environment Metall Zug is (Mobility Hub Zug Nord, Westhive & SHL Südtor) aiming for a net return of around 3% also CHF million taking into account investments in infra

  35. Slide 35: Realization of Property Value

    TECHNOLOGYCLUSTER & INFRASTRUCTURE REALIZATION OF PROPERTY VALUE - Land currently recognized at cost (CHF 24.9 million, respectively CHF 36.0 million including Grienbachstrasse 11 and Pi) - Fair value of Tech Cluster significantly above cost - Fair value of Tech Cluster is strongly impacted by build

  36. Slide 36: Sustainability @ MZ

    NG _ azz METALL ZUG SUSTAINABILITY @ MZ

  37. Slide 37: Medium-Term Sustainability Targets

    SUSTAINABILITY MEDIUM-TERM SUSTAINABILITY TARGETS Investor Presentation – August 12, 2022 37

  38. Slide 38: Steps Towards a Mid-Term Net-Zero-Emissions Target

    SUSTAINABILITY MZ-GROUP PURSUES STEPS TOWARDS A MID-TERM NET-ZERO-EMISSIONS-TARGET GLOBALLY Status Quo Since 2020, the manufacturing entities in Switzerland have reached net-zero-CO2-emissions in Scope 1, 2 and 3 (business travel), balanced by reduction projects. Investor Presentation – August 12, 2

  39. Slide 39: Tech Cluster Zug Leading the Way

    SUSTAINABILITY TECH CLUSTER ZUG LEADING THE WAY Urbanization. Make Construction. Build Energy & Mobility. Set Resilience. For Zug and Society. Opening-up better use of the land. more sustainably. new standards. V-ZUG. site for public, low- budget housing. «Semiramis», an art A strategy for The Multi

  40. Slide 40: Multi Energy Hub

    SUSTAINABILITY MULTI ENERGY HUB – Goals: Minimum total energy input, minimum sourcing of non-locally generated renewable energy, minimum CO2 footprint and neutrality via compensation, security of supply, competitive energy costs for users, scalable overall solution with a focus on a larger system bo

  41. Slide 41: Association for the Decarbonization of Industry

    H2@METALL ZUG VEREIN ZUR DEKARBONISIERUNG DER INDUSTRIE Hydrogen production: H2@Tech Cluster Zug project consists of two main subprojects: 1. The newly founded Association for the Decarbonization of Industry ▪ Will forge ahead innovative hydrogen project ▪ Hydrogen shall be produced for the first ti

  42. Slide 42: Metall Zug Group 2022

    NG _ azz METALL ZUG METALL ZUG GROUP 2022

  43. Slide 43: Outlook

    METALL ZUG GROUP OUTLOOK The high order backlog as of June 30, 2022, allows us to expect a pleasing sales development in HY 2/22. However, the challenges on the purchasing side, such as rising raw material and energy prices as well as the partial lack of availability of components, remain. Political

  44. Slide 44: A Solid Investment with Potential

    METALL ZUG GROUP A SOLID INVESTMENT WITH POTENTIAL – As a strategic and long-term anchor shareholder, Metall Zug AG will focus on the strategic management and profit from the value creation of its investments including V-ZUG and Komax – All Business Units, primarily in the med tech industry, are wel

  45. Slide 45: Share Price Development

    METALL ZUG GROUP SHARE PRICE DEVELOPMENT Share price development 6’000 CHF 5’000 4’000 3’000 2’000 1’000 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Metall Zug V-ZUG ZugEstates per 30.06.2022 Investor Presentation – August 12, 2022

  46. Slide 46: Information for Investors

    Me _ azz METALL ZUG INFORMATION FOR INVESTORS

  47. Slide 47: Financial Calendar

    METALL ZUG GROUP FINANCIAL CALENDAR March 13, 2023 Publication Year End Results 2022 April 28, 2023 General Meeting of Shareholders August 10, 2023 Half-year Results 2023 Investor Presentation – August 12, 2022 47

  48. Slide 48: Contact

    METALL ZUG GROUP CONTACT Matthias Rey Designated CEO Urs Scherrer Designated CFO Bettine Killmer Head of Corporate Communications & Investor Relations Metall Zug AG Industriestrasse 66 6302 Zug Switzerland Phone: +41 58 768 60 50 Investor Presentation – August 12, 2022 48

  49. Slide 49: Disclaimer

    METALL ZUG GROUP DISCLAIMER Metall Zug AG has made great efforts to include accurate and up-to-date information in this document. However, we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and disclaim any

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