Carlo Gavazzi Holding Ag · SIX:GAV

Carlo Gavazzi — Media and Financial Analysts Meeting 2019

26 slides from Carlo Gavazzi's conference presentation, Jun 27, 2019

  1. Slide 1: Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2019

    Media and Financial Analysts Meeting 2019 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2019 June 27, 2019

  2. Slide 2: Agenda for Today

    Media and Financial Analysts Meeting 2019 AGENDA FOR TODAY WELCOME & OVERVIEW Valeria Gavazzi AUTOMATION COMPONENTS Vittorio Rossi FINANCIAL HIGHLIGHTS Anthony Goldstein Q&A

  3. Slide 3: Welcome

    Media and Financial Analysts Meeting 2019 Welcome Valeria Gavazzi Chairman

  4. Slide 4: General Overview - Key Figures: Sales and Bookings

    General Overview - Key Figures Sales and Bookings CHF million 2018/19 2017/18 Δ Bookings 155.2 153.6 +1.0% Operating revenue 155.0 146.9 +5.5%

  5. Slide 5: General Overview - Key Figures: Innovation and Income

    General Overview - Key Figures Innovation and Income CHF million 2018/19 2017/18 Δ R&D 8.2 8.3 -1.4% EBIT 15.2 13.9 +9.4% Net income 10.7 8.4 +27.4%

  6. Slide 6: General Overview - Markets and Products

    General Overview - Markets and Products  Controls: positive contribution from energy management products  Sensors: benefiting from inductive and capacitive sensors  Switches: increase driven by strong sales in solid-state relays and motor controllers

  7. Slide 7: Challenges and Opportunities

    Challenges and Opportunities  Automation as a mega trend +  Strong demand for energy management solutions +  Growth opportunities in Europe and America +  Weaker business conditions in Asia −  Volatile political environment −

  8. Slide 8: Dividend Pay-out

    Dividend Pay-out 2019 2018 Ordinary dividend - Bearer share CHF 12.00 CHF 12.00 - Registered share CHF 2.40 CHF 2.40

  9. Slide 9: Automation Components

    Media and Financial Analysts Meeting 2019 Automation Components Vittorio Rossi CEO

  10. Slide 10: 2018/19 Revenue Distribution by Region

    2018/19 Revenue Distribution by Region Asia-Pacific 14% (15%) Americas EMEA CHF 155 mio. 21% (20%) 65% (65%)

  11. Slide 11: General Overview - Geography

    General Overview - Geography  Revenues  Europe: +5.4%  North America: +8.3%  Asia-Pacific: -1.1%  Business development focus  Dedicated programs with distributors in industrial and building automation markets  Deployment of business development programs in China and emerging countries in Asia

  12. Slide 12: Product Innovation (1/4)

    Product Innovation (1/4)  Hadsten, Denmark: Sensors devices  Belluno, Italy Monitoring relays, fieldbus, R&D energy management Competence Centers  Zejtun, Malta Solid-state switching devices and motor controllers  New products & current offering update Focus  Energy saving and building automati

  13. Slide 13: Product Innovation (2/4)

    Product Innovation (2/4) IO-Link Smart configurator SCTL55

  14. Slide 14: Product Innovation (3/4)

    Product Innovation (3/4) Solid state relays with integrated monitoring RG..M series

  15. Slide 15: Product Innovation (4/4)

    Product Innovation (4/4) Monitoring gateway and controller UWP 3.0

  16. Slide 16: Going forward

    Going forward  Benefit from opportunities in different geographies  Dedicated sales and marketing programs to strengthen penetration of our product portfolio  Focus on geographical coverage by improving the effectiveness of the sales organization and further developing the network of distributors

  17. Slide 17: Financial Highlights 2018 / 19

    Media and Financial Analysts Meeting 2019 Financial Highlights 2018 / 19 Anthony M. Goldstein Chief Financial Officer

  18. Slide 18: Income Statement

    Income Statement (in CHF million) 2018/19 2017/18 Change Bookings 155.2 153.6 +1.0 % Operating revenue 155.0 146.9 + 5.5 % Gross profit 82.8 79.4 + 4.3 %  in % of revenue 53.4 % 54.1 % Net financial income (expense), net - 0.2 - 1.0 EBITDA 18.7 17.4 + 7.5 % EBIT 15.2 13.9 + 9.4 %  in % of revenue

  19. Slide 19: Analysis of net income

    Analysis of net income (in CHF million) 2018/19 2017/18 Net income 10.7 8.4 Add exchange loss 0.2 1.0 Adjusted net income 10.9 9.4

  20. Slide 20: Balance Sheet

    Balance Sheet (at March 31, in CHF million) 2019 2018 Δ CHF Current assets 112.6 113.5 - 0.9  whereof cash 47.8 50.7 - 2.9 Non-current assets 23.3 23.4 - 0.1  whereof goodwill 6.4 6.6 - 0.2 Liabilities 38.3 37.6 + 0.7  whereof interest-bearing − - Shareholders’ equity 97.5 99.3 - 1.8  equity rat

  21. Slide 21: Shareholders' Equity

    Shareholders’ Equity (in CHF million) 2019 2018 Shareholders’ equity at the beginning of the reporting period 99.3 95.2  equity ratio 72.5 % 73.6 % Net income 10.7 8.4 Currency impact - 2.9 + 5.5 Dividends - 8.5 - 10.6 Other - 1.1 + 0.8 Shareholders’ equity at March 31 97.5 99.3  equity ratio 71.8

  22. Slide 22: Cash Flow Summary

    Cash Flow Summary (in CHF million) 2018/19 2017/18 Cash flow from operating activities +10.1 +13.4 Cash flow from investing activities - 3.5 - 2.9 Cash flow from financing activities - 8.5 - 10.8 Change in cash and cash equivalents - 1.9 - 0.3

  23. Slide 23: Net Cash Position

    Net Cash Position 52 51 CHF million 50 49 48 47 net cash position 46 45 44 43 42 2014/15 2015/16 2016/17 2017/18 2018/19

  24. Slide 24: Share Price Development 1.4.2018 – 31.3.2019

    Share Price Development 1.4.2018 – 31.3.2019 380 Carlo Gavazzi Bearer Share SPI Extra Rebased 360 340 320 300 280 260 240 220 200 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

  25. Slide 25: Share Price over 5 Years

    160 180 200 220 240 260 280 300 320 340 360 380 400 420 I Apr May Jun Jul Aug Sep Oct Nov Dec 2014/15 Jan Feb Mar I Apr May Jun Jul Aug Sep Oct Nov 2015/16 Dec Jan Feb Mar I Apr May Jun Jul Aug Share Price over 5 Years Sep Oct Nov Dec 2016/17 Jan SPI Extra Rebased Feb Mar I Apr May Carlo Gavazzi Bea

  26. Slide 26: Carlo Gavazzi

Carlo Gavazzi Holding — Media and Financial Analysts Meeting 2019 on 6ix