Belimo Holding Ag · SIX:BEAN
Belimo — Investor Day (September 2024)
54 slides from Belimo's investor day presentation, Sep 4, 2024
Slide 1: Targeting Growth Hotspots
Targeting Growth Hotspots BELIMO Holding AG Belimo Capital Markets Day 2024, September 4
Slide 2: Agenda
Agenda Welcoming Remarks and Review 1st Half-Year Results 1 Dr. Markus Schürch, CFO Growth Hotspots: Data Centers and Renovation Market 2 Lars van der Haegen, CEO Buildings Owner’s Perspective 3 Bernhard Tobler, Head of Building- and Operational Services at University of Zurich Agenda 4 Wrap up, and
Slide 3: Agenda
Agenda Welcoming Remarks and Review 1st Half-Year Results 1 Dr. Markus Schürch, CFO Growth Hotspots: Data Centers and Renovation Market 2 Lars van der Haegen, CEO Buildings Owner’s Perspective 3 Bernhard Tobler, Head of Building- and Operational Services at University of Zurich Agenda 4 Wrap up, and
Slide 4: Welcoming Remarks: Enabling Sustainable Digitization and AI Deployment
Welcoming Remarks: Addressing Challenges of Tomorrow Enabling Sustainable Digitization and AI Deployment 2020 data creation is ~1% of data expected to + strong increase in intensive be generated in 2030 data processing 1YB+ (Yottabyte) 2020 data data creation creation is ~1% of data expected to be g
Slide 5: Reducing Energy Costs And CO2 Emissions of Buildings
Welcoming Remarks: Addressing Challenges of Tomorrow Reducing Energy Costs And CO2 Emissions of Buildings *High energy- efficiency BACS A - 55% *Advanced BACS B - 41% *Standard BACS C - 29% *Contribution of HVAC energy No BACS D BACS according to ISO 52120-1:2021 usage (100%) HVAC systems are respon
Slide 6: Strategy Brush Up: Capturing Potential in Data Center Applications
Welcoming Remarks: Addressing Challenges of Tomorrow Strategy Brash Up: Capturing Potential in Data Center Applications Customer Data Centers added as strategic growth initiative Value replacing Digital Customer Experience RetroFIT+ 2022-2030 Grow Asia Pacific 2nd Phase of Data Centers Growth Strate
Slide 7: Review 1st Half-Year Results
Review 1st Half-Year Results Belimo Capital Markets Day 2024, September 4
Slide 8: Strong Growth Despite Mixed Markets, Improving Momentum
Review 1st Half-Year Results Strong Growth Despite Mixed Markets, Improving Momentum Net Sales Net Sales Growth Net Sales Growth Net Sales Development in CHF million in CHF (in %, HY1) in LC (in %, HY1) 473.5 5.6 9.7 Regions & Business Lines Net Sales by Regions Net Sales by Business Lines 42% EMEA
Slide 9: Return of Positive Contribution From Volume & Mix
Return of Positive Contribution From Volume & Mix Overview of Net Sales in HY1 2024 Net Sales Bridge in CHF (in % for the HY1 2024 – compared to HY1 2023) Volume & Mix Price Others FX Total Net Sales Growth Net Sales Composition 6.0 3.0 0.6 -4.1 5.6 ⬈ ⬈ ⬊ ⬈ Positive volume & mix effect Positive pric
Slide 10: Global Presence Enables Strong Growth
Global Presence Enables Strong Growth Sales By Market Regions Growth Rates in Local Currencies of Total Net Sales 2% EMEA EMEA 42% Strong growth in renovation-related Challenging construction demand and data centers. market backdrop. . 18% Americas Americas 46% Booming demand in data Strong and broa
Slide 11: Broad-based Strong Performance, Market Share Gains
Broad-based Strong Performance, Market Share Gains Sales By Business Lines Growth Rates in Local Currencies of Total Net Sales 6% Damper Actuators Damper Actuators 46% Growth re-accelerates, helped Business line with highest global by RetroFIT+ and data centers market share. 12% Control Valves Contr
Slide 12: Improved EBIT Margin
Improved EBIT Margin Strong Operational Results EBIT in CHF million ▪ EBIT rose to CHF 93.0 million or 19.6% of sales (PY CHF 84.7 million; 18.9% EBIT-Margin). ▪ Increase in contribution margin. ▪ Balanced expanding of workforce supporting long term growth strategy. Belimo Capital Markets Day, Septe
Slide 13: Outlook FY 2024: Sales Growth Above Five-Year Average
Outlook FY 2024 Sales Growth Above Five-Year Average Sales Growth ▪ Higher YoY growth in HY2 2024 helped by weaker comparison base. Sequentially nearly stable sales relative to HY1. Risks ▪ FX impact on the top and bottom line, uncertainties regarding ! global economic developments. Profitability ▪
Slide 14: Outlook By Market Region
Outlook FY 2024 Outlook By Market Region Americas 2 EMEA Asia Pacific Solid market demand and Roughly stable demand in Acceleration in sales sales expected, in absolute HY2 2024 throughout the expected through the terms similar sales in H2 are market region. second half of the year. expected as achi
Slide 15: Q&A
Q&A Belimo Capital Markets Day, September 2024 15
Slide 16: Agenda
Agenda Welcoming Remarks and Review 1st Half-Year Results 1 Dr. Markus Schürch, CFO Growth Hotspots: Data Centers and Renovation Market 2 Lars van der Haegen, CEO Buildings Owner’s Perspective 3 Bernhard Tobler, Head of Building- and Operational Services at University of Zurich Agenda 4 Wrap up, and
Slide 17: Belimo At 2024 Olympics: Heat Recovery From Data Centers
Belimo At 2024 Olympics Heat Recovery From Data Centers A data center is heating the Aquatic Centre The Belimo Energy Valve is playing a crucial used during Paris 2024 Olympic as a training role in the heat export process for heat recovery pool. The innovative use of the waste heat is not applicatio
Slide 18: Data Centers Are Likely to Remain an Attractive Market
Data Centers Are Likely to Remain an Attractive Market Annual Global Data Center Construction Revenue (USD M) Source: Grand View Research 2024 Belimo Capital Markets Day, September 2024 18
Slide 19: AI Drives Data Center Cooling Technology
AI Drives Data Center Cooling Technology Aligned to Fast-Growing, Mission-Critical Global Niche Market ▪ Share of DC spent on cooling is projected to increase from below 4% in 2018 to close to 7% in 2030. Moreover, Belimo’s share of HVAC-related data center spent increases with power density per rac
Slide 20: Market Trends Support Demand Growth Rate Above DC Capex
AI Drives Data Center Cooling Technology Market Trends Support Demand Growth Rate Above DC Capex Global Average Power Rack Density (kW/rack) 100+ 51-100 21-50 11-20 10 or less 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% Belimo Capital Markets Day, September 2024 20
Slide 21: Belimo Enables AI Deployment
AI Drives Data Center Cooling Technology Belimo Enables AI Deployment Cooling becomes mission-critical for individual chip’s performance: As the global technology and market leader in field devices in HVAC applications, Belimo is becoming a key enabler of proliferation of AI applications, benefiting
Slide 22: Liquid Cooling Technology Complements Traditional Solutions
Liquid Cooling Technology Complements Traditional Solutions Typical Traditional Application: Air-Based Cooling System Belimo Capital Markets Day, September 2024 22
Slide 23: Removing More Heat With Less Energy While Balancing The Load
AI Drives Data Center Cooling Technology Removing More Heat With Less Energy While Balancing The Load Liquid Cooled Racks Heat Rejection Belimo's products help Rack manifolds and Raised temperature fluid cooler and row manifolds efficient chillers to reject heat remove more heat with outdoors Immers
Slide 24: DC Initial Buildout
ER 7 NON OE Gg IDI LiLUU7 toe HAI) MPLA LIT Zi MN ALG 0 OO N e OS ON | eee If Uy iJ if LG CD Goch
Slide 25: Slide 25
Slide 26: Slide 26
Slide 27: Slide 27
Slide 28: Slide 28
Slide 29: Slide 29
Slide 30: Density Changes
ER 7 NON OE Gg IDI LiLUU7 toe HAI) MPLA LIT Zi MN ALG 0 OO N e OS ON | eee If Uy iJ if LG CD Goch
Slide 31: BELIMO
y 24 BELIMO
Slide 32: Slide 32
Slide 33: Slide 33
Slide 34: Slide 34
Slide 35: Slide 35
Slide 36: Slide 36
Slide 37: Renovation Market with Strategic Initiative RetroFIT+
Renovation Market with Strategic Initative "RetroFIT+" Belimo Capital Markets Day, September 2024 37
Slide 38: Renovation Is a Much Larger Opportunity Than New Build
The Potential of Existing Buildings Renovation Is a Much Larger Opportunity Then New Build 40% 40% of worldwide of the energy energy used in consumption buildings is can be used for HVAC attributed to buildings ~ 2% Existing Buildings new buildings per year Belimo Capital Markets Day, September 2024
Slide 39: The Potential of Existing Buildings
The Potential of Existing Buildings Costs in Use-phases of Buildings Are 85% HVAC Share in use-phase: 11% Source: Jones Lang LaSalle / ETH Zürich l Professur für Architektur und Bauprozess l Bauprozess: Ökonomie 06 Kosten l Prof. Sacha Menz l Doz. Hannes Reichel I 09APR1 Belimo Capital Markets Day,
Slide 40: RetroFIT+ Assessment Tool
The Potential of Existing Buildings RetroFIT+ Assessment Tool: Transforming Technical Expertise Into Business Insights For Retrofit Project Decision-Making And Prioritization Technical Business terminology language Facility Manager Building owner Planner Decision maker Consultant Assessment report ▪
Slide 41: Addressing Growing Retrofit Market For Data Centers
The Potential of Existing Buildings Addressing Growing Retrofit Market For Data Centers Belimo Capital Markets Day, September 2024 41
Slide 42: Launch of Belimo Assistant 2
The Potential of Existing Buildings Launch of Belimo Assistant 2: Consistent User Experience Across All Products and Devices Streamlined Device Seamless and New Workflows and Compatibility Modern UX/UI Enhanced Features Enjoy a consistent experience across Experience flexibility and convenience Expl
Slide 43: Q&A
Q&A Belimo Capital Markets Day, September 2024 43
Slide 44: Agenda
Agenda Welcoming Remarks and Review 1st Half-Year Results 1 Dr. Markus Schürch, CFO Growth Hotspots: Data Centers and Renovation Market 2 Lars van der Haegen, CEO Buildings Owner’s Perspective 3 Bernhard Tobler, Head of Building- and Operational Services at University of Zurich Agenda 4 Wrap up, and
Slide 45: Agenda
Agenda Welcoming Remarks and Review 1st Half-Year Results 1 Dr. Markus Schürch, CFO Growth Hotspots: Data Centers and Renovation Market 2 Lars van der Haegen, CEO Buildings Owner’s Perspective 3 Bernhard Tobler, Head of Building- and Operational Services at University of Zurich Agenda 4 Wrap up, and
Slide 46: Employees and Credibility: Culture At The Heart Of Belimo's Value Creation
Closing Remarks Employees and Credibility Culture At The Heart Of Belimo’s Value Creation Model Employee Engagement On a scale from 1 (lowest rating) to 10 (highest rating), employee engagement describes the extent to which the topics of identification, motivation, and commitment are present among e
Slide 47: 9% Organic Revenue CAGR Delivered Over The Last 20Y In LC
Closing Remarks 9% Organic Revenue CAGR Delivered Over The Last 20Y In LC Net Sales 2002-2023 EBIT Margin: ~18% in CHF million in percent of net sales Belimo Capital Markets Day, September 2024 47
Slide 48: We Play Where Quality And Innovation Matter More Than Price
Closing Remarks We Play Where Quality And Innovation Matters More Than The Price And Focus On Growth Hotspots Benefiting From Megatrends Urbanization Higher demand in Comfort, Energy Efficiency Climate Change and Safety in buildings Digitalization Belimo Capital Markets Day, September 2024 48
Slide 49: Our Megatrends Strengthen Over The Years
Closing Remarks And Our Megatrends Strengthen Over The Years Urbanization ▪ Indoor Air Quality and Its Impact on Health Higher demand in Comfort, Energy Efficiency Climate Change and Safety in buildings ▪ Electrification ▪ Grid Stability ▪ Regulation Digitalization ▪ Data Centers ▪ Artificial Intell
Slide 50: Agenda
Agenda Welcoming Remarks and Review 1st Half-Year Results 1 Dr. Markus Schürch, CFO Growth Hotspots: Data Centers and Renovation Market 2 Lars van der Haegen, CEO Buildings Owner’s Perspective 3 Bernhard Tobler, Head of Building- and Operational Services at University of Zurich Agenda 4 Wrap up, and
Slide 51: We Split Into Two Groups – Please Follow The Schedule Below
Tour We Split Into Two Groups – Please Follow The Schedule Below English ⚫ Guide: Mr Tobler, University of Zurich German ⚫ Guide: Mr Meyer, University of Zurich Belimo Capital Markets Day, September 2024 51
Slide 52: Next Dates: Publications and Agenda
Publications and Agenda IR-Only Roadshows Planned in Six Regions Q4 2024 Management Participation in Five Investor Conferences Q4 2024 and Q1 2025 Publication of Sales 2024 January 20, 2025 Next Dates Publication of Annual Report 2024 February 24, 2025 Annual General Meeting 2025 March 24, 2025 Ex-D
Slide 53: Disclaimer
Disclaimer This presentation contains comments relating to future developments which are based on assumptions and estimates of BELIMO Holding AG. Although the Company assumes the expectations of these § forward-looking statements to be realistic, they contain risks. These can lead to the actual resu
Slide 54: y LM
y LM BELIMO