Bystronic Ag · SIX:BYS

Bystronic — Conzzeta — Investora Swiss Equities Conference, Zurich 2017

36 slides from Bystronic's conference presentation, Sep 21, 2017

  1. Slide 1: Investor Update

    Investor Update Kaspar W. Kelterborn, Group CFO Investora Swiss Equities Conference, Zurich September 21, 2017 Seite 1 Investor Update, Investora Konzernleitungs-Sitzung vom - Swiss 9. November Equities 2011 Conference, - RobertZurich, Suter September 21, 2017

  2. Slide 2: Disclaimer

    Disclaimer The information in this presentation about the business performance of the Conzzeta Group is of a summary nature only. The information in the Annual Report and half-year report of Conzzeta AG and on the website www.conzzeta.com prevails. Although the greatest possible care was taken with

  3. Slide 3: Content

    Content 1. Introduction & Group overview 2. Sheet Metal Processing: Bystronic 3. Sporting Goods: Mammut Sports Group 4. Chemical Specialties: FoamPartner and Schmid Rhyner 5. Glass Processing: Bystronic glass 6. Priorities and outlook for 2017 Appendix Page 3 Investor Update, Investora - Swiss Equit

  4. Slide 4: Business portfolio: Striving for leading positions in target markets

    Business portfolio: Striving for leading positions in target markets Glass Processing >4’200 people Sheet Metal Processing Net revenue Solutions for architectural & auto- CHF 625.9 m* Cutting and bending – motive flat glass processing innovative machinery construction 49.9 8% 114.5 18% Chemical Spec

  5. Slide 5: Position and aspiration

    Position and aspiration Swiss mid cap industrial portfolio with entrepreneurial anchor shareholders operating in attractive global markets with focus on value creation and dividend Financial aspiration Net sales growth >5% EBIT margin 8-10% RONOA >15% Sheet Metal Sporting Chemical Glass Net cash* Pr

  6. Slide 6: Conzzeta results summary 1HY 2017

    Conzzeta results summary 1HY 2017 Strong 1st HY 2017 versus muted 1st HY 2016  Strong performance in Sheet Metal Processing segment and Group-wide in Asia Net revenue CHF 625.9 m, +19.3%; comparable1) +11.1%  Group result CHF 30.0 m, +44.0%, including Minorities of CHF 3.9 m Continuously construct

  7. Slide 7: Content

    Content 1. Introduction & Group overview 2. Sheet Metal Processing: Bystronic 3. Sporting Goods: Mammut Sports Group 4. Chemical Specialties: FoamPartner and Schmid Rhyner 5. Glass Processing: Bystronic glass 6. Priorities and outlook for 2017 Appendix Page 7 Investor Update, Investora - Swiss Equit

  8. Slide 8: Sheet Metal Processing business profile

    Sheet Metal Processing business profile Net revenue by region1) Net revenue trend; CHF m, FY 800 CAGR 5.4% 600 32% Regional 48% 400 growth mainly Europe 200 in NA and Americas Asia 20% Asia / Pacific 0 2011 2016 Net revenue by business segment1) Market volume and customer structure  Market volume C

  9. Slide 9: Sheet Metal Processing – results update

    Sheet Metal Processing – results update CHF m 1HY17 1HY16 ∆ Operational performance  First-time consolidation of DNE Laser Net revenue 366.3 256.8 +42.6% and FMG - integration completed  Very strong momentum from 2HY 2016 Operating 39.9 17.7 +125.0% continues into 2017, supported by solid result (

  10. Slide 10: Strategy and 2017 priorities

    Strategy and 2017 priorities World Class Manufacturing  Help clients thrive within context of industry 4.0 / smart factory Focus on accessible market  Cutting & bending, incl. automation and software  Selectively expand along process chain & build value adding services Leverage potential Competen

  11. Slide 11: Content

    Content 1. Introduction & Group overview 2. Sheet Metal Processing: Bystronic 3. Sporting Goods: Mammut Sports Group 4. Chemical Specialties: FoamPartner and Schmid Rhyner 5. Glass Processing: Bystronic glass 6. Priorities and outlook for 2017 Appendix Page 11 Investor Update, Investora - Swiss Equi

  12. Slide 12: Sporting Goods business profile

    Sporting Goods business profile Net revenue by region1) Net revenue trend; CHF m, FY 250 CAGR +2.1% 21% 200 35.9% 51.4% CAGR +9.7% 150 11% Europe 100 67% Americas 64.1% CAGR -3.4% 50 48.6% Asia 0 2011 2016 DACH Other Markets Net revenue by product category1) Market trends and competitive position 

  13. Slide 13: Strategy program launched in January 2016

    Strategy program launched in January 2016 Multichannel Management & Digitalization I  Build up scalable business models - improve floor space management  Moderate growth in MBS, fast scale of eCommmerce internationally  Qualitative enhancement of WHS-partner portfolio on global level Consumer Cen

  14. Slide 14: Sporting Goods – results update

    Sporting Goods – results update CHF m 1HY17 1HY16 ∆ Operational performance  Notably weaker result partly due to Net revenue 95.1 101.4 -6.2% continued competitive pressure in DACH region, partly planned in context Operating of strategy implementation -9.9 -4.5 -118.7% result (EBIT)  Net revenue i

  15. Slide 15: Milestone achievements as per 1HY 2017

    Milestone achievements as per 1HY 2017  Continued cooperative efforts to enhance wholesale floor space productivity with pilot group  E.g. active floor management incl. data connectivity, adapted assortments or shop in shop solutions  Push e-commerce business over own stores  Go-live with furthe

  16. Slide 16: Content

    Content 1. Introduction & Group overview 2. Sheet Metal Processing: Bystronic 3. Sporting Goods: Mammut Sports Group 4. Chemical Specialties: FoamPartner and Schmid Rhyner 5. Glass Processing: Bystronic glass 6. Priorities and outlook for 2017 Appendix Page 16 Investor Update, Investora - Swiss Equi

  17. Slide 17: Chemical Specialties business profile

    Chemical Specialties business profile Net revenue by business unit1) Net revenue trend; CHF m, FY 250 CAGR 5.0% 23% 200 Regional growth 150 in Asia and 100 the Americas; FoamPartner 50 Europe broadly flat 77% Schmid Rhyner 0 2011 2016 FoamPartner Net revenue by region1)  Leader in specialty polyure

  18. Slide 18: Chemical Specialties operating in attractive market segments

    Chemical Specialties operating in attractive market segments Mobility Acoustic and thermal Strengthen regional FoamPartner solutions with applications platforms with focus North e.g. for automotive, railway, America and Asia Net revenue 1HY17 marine or aerospace by segment Specialties Customized sol

  19. Slide 19: Chemical Specialties operating in attractive market segments

    Chemical Specialties operating in attractive market segments Mobility Acoustic and thermal solutions with current 23% FoamPartner focus on engine bay and headliners Broad areas of further applications also in trucks, trains, aerospace; e.g. body insulation, structural damping, acoustic & fire barrie

  20. Slide 20: Chemical Specialties operating in attractive market segments

    Chemical Specialties operating in attractive market segments Specialties Largely customized solutions with broad FoamPartner areas of application and enhanced focus 43% Sealing Surface treatment Filtration & purification Packaging Cleaning Foster leading application development capabilities Page 20

  21. Slide 21: Chemical Specialties operating in attractive market segments

    Chemical Specialties operating in attractive market segments Living & Care Premium products for bedding, medical or wellness FoamPartner applications with leading position in Switzerland 11% Targeted investments in new solutions and digital B2B distribution channels FoamPartner «Galaxy» Page 21 Inve

  22. Slide 22: Chemical Specialties – results update

    Chemical Specialties – results update Operational performance CHF m 1HY17 1HY16 ∆  Growth in Asia and Europe as well as Net revenue 114.5 111.0 +3.2% in Mobility, Specialties and Coatings; Americas and Living & Care flat Operating  Challenging operating environment 9.9 12.5 -20.6% result (EBIT) wi

  23. Slide 23: Rationale of recent M&A transactions within FoamPartner Business Unit

    Rational of recent M&A transactions within FoamPartner Business Unit FoamPartner Otto Bock Kunststoff Mobility Technical Foam PU Systems & Specialties Molded Parts Sales*: CHF 171.5 m Sales*: CHF ~143 m Employees*: ~630 Employees*: ~430  Enhanced market position with economies of scale Living &  C

  24. Slide 24: Transactions timeline & financials

    Transactions timeline & financials Closing &  Acquisition Otto Bock Kunststoff announced on July 21st and pricing closed on September 1st , 2017  Purchase price not disclosed, but reasonable market multiple  Retrospective closing of US divestiture per July 1st , 2017 Financial  Middle single-dig

  25. Slide 25: Content

    Content 1. Introduction & Group overview 2. Sheet Metal Processing: Bystronic 3. Sporting Goods: Mammut Sports Group 4. Chemical Specialties: FoamPartner and Schmid Rhyner 5. Glass Processing: Bystronic glass 6. Priorities and outlook for 2017 Appendix Page 25 Investor Update, Investora - Swiss Equi

  26. Slide 26: Glass Processing – results update

    Glass Processing – results update Operational performance CHF m 1HY17 1HY16 ∆  Lower net revenue against strong PY in Net revenue 49.9 55.2 -9.5% America, partly offset by growth in Europe and Asia Operating  Strong order intake in automotive glass 1.8 2.1 -13.6% result (EBIT) for new B’CHAMP gene

  27. Slide 27: Content

    Content 1. Introduction & Group overview 2. Sheet Metal Processing: Bystronic 3. Sporting Goods: Mammut Sports Group 4. Chemical Specialties: FoamPartner and Schmid Rhyner 5. Glass Processing: Bystronic glass 6. Priorities and outlook for 2017 Appendix Page 27 Investor Update, Investora - Swiss Equi

  28. Slide 28: Priorities & outlook for 2017

    Priorities & outlook for 2017  Consistent strategy execution with long-term perspective  CEO agenda remains unchanged 1. Market orientation 2. Business excellence 3. People development 4. Internationalization  Higher order backlog for 2nd HY 2017 and constructive operating environment for investm

  29. Slide 29: Fragen und Antworten

    Fragen und Antworten Page 29 Investor Update, Investora - Swiss Equities Conference, Zurich, September 21, 2017

  30. Slide 30: Content

    Content 1. Introduction & Group overview 2. Sheet Metal Processing: Bystronic 3. Sporting Goods: Mammut Sports Group 4. Chemical Specialties: FoamPartner and Schmid Rhyner 5. Glass Processing: Bystronic glass 6. Priorities and outlook for 2017 Appendix Page 30 Investor Update, Investora - Swiss Equi

  31. Slide 31: Conzzeta in transition

    Conzzeta in transition Corporate  2014 Merger with Tegula AG; Governance revised shareholder structure  2014 Revised composition of Board of Directors  2016 New Group CEO Transparency  2014 Early adoption of Swiss GAAP FER 31; Enhanced segment reporting Business  2014 Divestment ixmation Portfo

  32. Slide 32: Half-yearly result overview

    Half-yearly result overview 1HY 2HY 1HY 2HY 1HY (in CHF m) 2015 2016 2015 2015 2016 2016 2017 Net revenue 534.3* 597.1 1’131.4* 524.6 689.7 1‘214.3 625.9 Total revenue 544.2* 584.9 1’129.1* 544.9 670.2 1‘215.1 661.0 Operating result (EBIT) 31.5* 44.4 75.9* 26.2 58.2 84.4 38.3 in % of total revenue 5

  33. Slide 33: Chemical Specialties operating in attractive market segments

    Chemical Specialties operating in attractive market segments Coatings Leading competencies for UV-curing, low 23% Schmid migration- and functional (touch & feel) varnishes Rhyner Innovative varnishes enable cost-effective product differentiation at point of purchase Flexible packaging solutions with

  34. Slide 34: Bystronic glass business profile

    Bystronic glass business profile Net revenue by region1) Net revenue trend; CHF m, FY 150 CAGR -3.0% 26% 100 Decline in 47% Europe and 50 Asia, partly Europe offset by Americas growth in 27% Asia / Pacific 0 Americas 2011 2016 Net revenue by business segment1) B’One.  Significant steps done towards

  35. Slide 35: Bystronic glass operating in a market with growth potential

    Bystronic glass operating in a market with growth potential Market drivers and market structure Accessible market ~CHF 0.7 bn with  Increasing requirements in regard to ~45% in Asia; Bystronic glass with #2 energy efficiency and noise reduction market position  Stable growth trend in architectural

  36. Slide 36: Conzzeta Management AG

    Conzzeta Management AG Giesshuebelstrasse 45 CH-8045 Zurich www.conzzeta.com Phone +41 44 468 24 44 investor@conzzeta.com Seite 36 Investor Update, Investora Konzernleitungs-Sitzung vom - Swiss 9. November Equities 2011 Conference, - RobertZurich, Suter September 21, 2017

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