Slide 1: Capital Markets Day
Capital Markets Day Zurich, January 27, 2020 1 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 2: Disclaimer
Disclaimer Forward-looking information Presentations given during the Landis+Gyr 2020 Capital Markets Day include forward-looking information and statements including statements concerning the outlook for our businesses. These statements are based on current expectations, estimates and projections a
Slide 3: Agenda
Agenda Start Agenda Item Lead 08:30h Industry Dynamics, Strategy & Performance Richard Mora, CEO Americas Prasanna Venkatesan, EVP Americas EMEA Susanne Seitz, EVP EMEA 10:15h Coffee Break 10:45h Asia-Pacific Steve Jeston, Head AP Finance Jonathan Elmer, CFO Q&A 12:15h Lunch / Product Demos 3 | © La
Slide 4: CEO Introduction
CEO Introduction Richard Mora, CEO 4 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 5: Landis+Gyr at a Glance
Landis+Gyr at a Glance Group Net Revenues FY 2018 Asia-Pacific Swiss HQ with Frost & Sullivan More than USD 147m offices in 30+ countries Global AMI Company USD 1 Billion of the Year 2019 - the of self-funded R&D worldwide 8% 5th consecutive year since 2011 36% 56% Americas1 USD 986m 120+ EMEA Large
Slide 6: Landis+Gyr Management Presenting Today
Landis+Gyr Management Presenting Today Richard Mora Prasanna Venkatesan Susanne Seitz Steve Jeston Jonathan Elmer CEO1 EVP Americas1 EVP EMEA1 Head Asia-Pacific CFO1 21 years with Landis+Gyr 13 years with Landis+Gyr 1 year with Landis+Gyr 24 years with Landis+Gyr 23 years with Landis+Gyr Over 30 yea
Slide 7: Industry Dynamics, Strategy & Performance
Industry Dynamics, Strategy & Performance Richard Mora, CEO 7 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 8: Industry Dynamics
Industry Dynamics 75 billion ∙ >50% ∙ >250% By 2025, 75 billion IoT of total electricity Increase in distributed solar devices are expected to be generation by 2040 coming PV capacity during the connected and sharing from low-carbon sources 2 period 2019-24, reaching data worldwide1 530 GW by 20243
Slide 9: 3D Factors Fueling Energy Grid Transformation
3D Factors Fueling Energy Grid Transformation Smart meters, as grid edge sensors, are EMBRACE NEW the foundation of enabling infrastructure BUSINESS MODELS for future energy distribution systems REDESIGN Decarbonization REGULATORY PARADIGM Decentralization DEPLOY ENABLING NEW CUSTOMER Digitalization
Slide 10: Strong Strategic Positioning
Strong Strategic Positioning The digital energy revolution is underway, enabled by the increasing endorsement of grid edge intelligence – and Landis+Gyr unleashes the true potential of change to transform the world of energy for the better #1 ∙ >100m ∙ 3 in global smart connected intelligent platfor
Slide 11: Capitalizing on Industry Dynamics with 3 Platforms for Growth
Capitalizing on Industry Dynamics with 3 Platforms for Growth Continued Global Leadership in 1 SMART METERING Enabling New Business Models Through 2 GRID EDGE INTELLIGENCE Leveraging IoT Expertise for Growth in 3 SMART INFRASTRUCTURE 11 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 12: Geographic Diversity of Smart Metering Business Fueling Long-Term Growth
1 Geographic Diversity of Smart Metering Business Fueling Long- Smart Metering Term Growth and Transitioning into Grid Edge Intelligence Early Stage Mass Deployments Replacement With strong local presence poised …with leading role in many of the …well positioned to capture growth and for capturing e
Slide 13: The Digital Energy Revolution is Underway, and Grid Edge Intelligence is a Key Enabler
2 The Digital Energy Revolution is Underway, Grid Edge Intelligence and Grid Edge Intelligence is a Key Enabler Higher expectations of service delivery, more devices connected to the grid, and a higher awareness of and commitment to environmental protection Utility Cloud Cyber Security Services Grid
Slide 14: Grid Edge Intelligence Enabled Digital Energy Revolution
2 Grid Edge Intelligence Enabled Grid Edge Intelligence Digital Energy Revolution 1st Wave Model Grid Edge Intelligence Model • 15 min interval data • Real-time data • Outage detection and restoration Grid Edge • Over-the-air upgrade • Service connect switch • Enhanced functionality SENSORS • Demons
Slide 15: Gridstream Connect Apps
2 ® Grid Edge Gridstream Connect Apps Intelligence Similar to the mobile industry’s approach to applications, Landis+Gyr is creating a platform that allows us to build an open ecosystem of apps and developers — these innovative apps will directly benefit the utility and, in the end, their customers
Slide 16: Smart Infrastructure Offers Additional Avenues for Expansion
3 Smart Infrastructure Offers Additional Smart Infrastructure Avenues for Expansion Continue leveraging connectivity platforms to further integrate sensors and devices for use cases beyond smart metering and grid edge applications, building smart infrastructure ecosystem for sustainable energy futur
Slide 17: Relentless Focus on Operational Execution
Relentless Focus on Operational Execution ∙ 152m 19 ∙ 20m USD spend (adjusted) Current R&D sites, USD run rate savings on R&D in down from 23 in expected from Project FY 2018 FY 2017 Lightfoot in FY 2019 17 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 18: Innovation Pipeline Benefits from Productivity Gains
Innovation Pipeline Benefits from Productivity Gains ∙ Getting the most out of every dollar spent Adjusted R&D / sales ratio R&D capacity has been growing at a lower 159 158 cost base driven by productivity gains from: 9.6% 152 • Investment in Platforms − Modularization of software and firmware 9.1%
Slide 19: Lightfoot to Deliver Annualized Savings of USD 25m in FY 2020 in EMEA
Lightfoot to Deliver Annualized Savings of USD 25m in FY 2020 in EMEA ∙ Shifting to an asset light supply chain : • Introduction of a dual source/site using existing EMS sites ∙ Project Status • Optimize/ramp-down/close selected manufacturing facilities • Manufacturing activities in Zug (CH) have be
Slide 20: Corporate Social Responsibility Priorities
Corporate Social Responsibility Priorities Nine material topics from the ESG 1 materiality analysis Environmental Social Governance • Energy efficiency & climate • Employee motivation • Data security and privacy protection • Occupational health and safety • Business integrity • Resource efficiency •
Slide 21: Landis+Gyr enabled 7 million tons of direct CO2 emission reduction in 2018
Landis+Gyr enabled 7 million tons of direct CO2 emission reduction in 2018 through the installed Smart Meter base Equal to 7x the CO2 Emissions of the City of Zurich in 2018 21 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 22: Environmental Impacts of Smart Metering
Environmental Impacts of Smart Metering Number of functions and use cases proven to significantly contribute to overall reduction of CO2 Insights Remote Proactive alarming of Smart Metering in energy consumption reads and supply faults and outages leading supported increase awareness and switch mana
Slide 23: Improving Financial Performance
Improving Financial Performance Results speak to our ongoing efforts – strengthening the company’s market position and ∙ improving profitability – with all key performance metrics growing year on year. 14.5% 1'738 1'765 123.5 13.5% 12.0% 87.5 863 33.1 FY 2017 FY 2018 H1 FY 2019 FY 2017 FY 2018 H1 FY
Slide 24: Mid-term (FY 2022) Guidance
Mid-term (FY 2022) Guidance Net Revenues Mid-single digit CAGR in constant currency with growth backend (Relative to FY 2018) loaded towards FY 2022 due to regulatory delays in the US Adjusted EBITDA margin between 13.5% and 14.5% Adjusted EBITDA of net revenues Free Cash Flow Above USD 150 million
Slide 25: Americas
Americas Name, Title Prasanna Venkatesan, EVP Americas 25 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 26: Americas Highlights
Americas Highlights Leading 65+ million Customer operations 14 operation centers, World’s largest utility advanced metering connected center processing meter 2 manufacturing IoT network with partner for utilities intelligent devices reads for >10% of the US facilities, and a regional 24+ million in
Slide 27: Strong Financial Performance
Strong Financial Performance ∙ Performance • Sales to external customers in the Americas region rose to a new record high of USD 986 million in FY 2018 • Stable FY 2019 H1 performance • Adjusted EBITDA margin remains resilient • USD 1’635 million backlog at the end of FY 2019 H1 Revenues and Profita
Slide 28: Market Forecast
Market Forecast Market Evolution Market Position NAM Smart Electricity: Estimated market segments 1 AMI market driven by current USD b CAGR 18-22 large-scale deployments and Σ 1.7 Σ 1.5 upcoming refresh cycle -9% North America 35% +20% Smart electricity #1 meters market share, 2018, units 2 LAM Smar
Slide 29: US Electric Utility Market Structure
US Electric Utility Market Structure Investor-Owned Utility (IOU) 1 • Large install base: typically 500k – 3m endpoints • ~190 utilities in US covering 73% of endpoints • Driven by return on investment dependent on regulatory framework and quality of service to its “rate payers” • Regulated by State
Slide 30: Regulatory Process and Delays
Regulatory Process and Delays ∙ Regulatory trends 1,2,3 Proposed utility AMI projects by status (Q1 2018 – Q1 2019)4 • Wide agreement AMI and smart meters are foundational for achieving desired benefits ~ 4.8m endpoints ∙ • Technology advancement is 5 utilities creating a tighter link between ~4m en
Slide 31: US Electric Utility Market Status
US Electric Utility Market Status US AMI Deployment • Resilient North American AMI market Meter Contract Status (as of end of 2018) Yearly AMI Meter Deployments • 2nd wave rollout is driven by age of installed endpoint 15.3 and the technology available at that time 32m / 11.4 21% 9 • Early movers st
Slide 32: Evolving Market Demands New Technology
Evolving Market Demands New Technology 1st wave use cases • Utility market dynamics are rapidly Revenue protection changing, increasing the demands on Move-in/ Meter to cash AMI solutions to provide expanded Move-out Utility operations benefit Remote meter reading DER consumer benefits, enablement o
Slide 33: Grid Edge Intelligence is a Platform for Growth
Grid Edge Intelligence is a Platform for Growth IoT provides an opportunity for revenue and margin expansion for Landis+Gyr App App App OS Studio Marketplace OS «Create, manage, monetize» Grid Edge Sensors Grid Edge Intelligence Platform Value-Add Applications • Advanced IoT devices such as the next
Slide 34: Expanding Utility Value through Grid Edge Intelligence
Expanding Utility Value through Grid Edge Intelligence Landis+Gyr Edge IoT Platform Pre-installed Apps add value on day 1 Grid-side Apps Grid Location Anomaly Intelligent Voltage Awareness Detection Monitoring App App App OS Studio Marketplace Consumer-side Apps OS «Create, manage, monetize» Home Re
Slide 35: Introducing the Revelo Electricity Metering Offering
™ Introducing the Revelo Electricity Metering Offering A Grid Game Changer for Utility IoT Solutions Uniquely powering edge intelligence Core grid & consumer-side edge with grid metering capability, applications provide unique benefits providing Landis+Gyr with an to utilities and consumers and new
Slide 36: Focus Point: North American Market
Focus Point: North American Market ~38m 800+ >21m >2bn 70m+ Smart meters ∙ ∙ Utilities served ∙ Meters hosted Meter readings ∙ ∙ Licensed endpoints deployed by by Landis+Gyr in Landis+Gyr processed per day with MDMS across Landis+Gyr in NAM Cloud offering in our Customer the globe Operations Center
Slide 37: Focus Point: Japan
Focus Point: Japan >80m 2023 >1bn ∙ Electricity meter refresh Start of government-driven ∙ Daily reads – ∙ World’s largest utility IoT over 10 years replacement cycle of all unsurpassed network scale network with 24+ million meters over a 10-year period and functionality achieved endpoints deployed
Slide 38: Americas Positioning for Success
Americas Positioning for Success Proven Success Unparalleled Reputation New Value with Grid Strategic Advantage in the Americas in Cloud Services Edge Intelligence in Japan • Track-record of success • Established base of 300+ • Defining the technology • Deep-rooted market with the largest, longest-
Slide 39: EMEA
EMEA Name, Title Susanne Seitz, EVP EMEA 39 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 40: EMEA Highlights
EMEA Highlights Sales offices in 18 1’300+ utilities Installed base in Europe of 160 end-to-end 1.6+ million countries across the served as 35+ million connected smart metering meter points under EMEA region trusted partner intelligent devices solutions in the field Managed Services Regional Highlig
Slide 41: Continued Turnaround Yielding Strong Top Line and Profitability Improvements
Continued Turnaround Yielding Strong Top Line and Profitability Improvements ∙ Performance • Revenue growth driven by UK; expected Brexit destocking did not materialize • Full effect from completed introduction of product cost downs • Project Phoenix completed in FY 2018 • Project Lightfoot expected
Slide 42: EMEA's Adjusted EBITDA Margin on Track to Hit 10% in FY 2020
EMEA’s Adjusted EBITDA Margin on Track to Hit 10% in FY 2020 Adjusted EBITDA as a % of Net Revenues ∙ Measures a. Improved Margin Quality: +0.5% to +1.0% c c. 10% Product cost downs have been completed on high volume AMI products b. Lightfoot Savings: +2.0% to +2.5% b Ahead of plan to deliver USD 25
Slide 43: Market Forecast
Market Forecast Market Evolution Market Position Smart Electricity: Estimated market segments 1 Regulation supports smart USD b 22% meter installations Σ 3.5 CAGR 18-22 EMEA smart electricity meters #2 market share, 2018, units2 Σ 2.9 +6% Smart Gas: Rollouts ongoing in large +1% Western European cou
Slide 44: Growth Driven by Continuing Smart Meter Penetration and Upcoming 2nd Wave Rollouts
Growth Driven by Continuing Smart Meter Penetration and Upcoming 2nd Wave Rollouts 2019 2022 Electricity Smart Meter Penetration 55m (new AMI) Installed base: 145m Installed base: 200m (end of year 2019) +14m (2nd wave) meters to be installed Penetration: 48% Penetration: 65% 2019 >80% 50–80% AT Man
Slide 45: Focus Point UK: Leveraging a Large-scale Rollout
Focus Point UK: Leveraging a Large-scale Rollout 53m 15.6m 21m 9m Smart electricity and gas ∙ ∙ Smart meters ∙ SMETS meters supplied or ∙ Meters already supplied meters to be deployed during deployed1 under contract for by Landis+Gyr the full rollout Landis+Gyr ∙ Market Development ∙ Our Solution Of
Slide 46: Focus Point France: Linky Rollout in Full Swing
Focus Point France: Linky Rollout in Full Swing, New Use Cases Emerging 35m 30k 25% 6 3 ∙ Residential meters ∙ Linky meters installed ∙ Supplied by ∙ Reduction of to be deployed per day Landis+Gyr suppliers ∙ Market Development ∙ Our Solution Offering / Priorities • Modernization of the network for
Slide 47: Focus Point Nordics: 2nd Wave Deployments
Focus Point Nordics: 2nd Wave Deployments Data 5.4m >1m 3.5m Hub Smart meters to ∙ Metering points ∙ ∙ Metering points For each ∙ be replaced in Sweden contracted for Landis+Gyr in Finland Nordic country by 2024 in Sweden ∙ Market Development ∙ Our Solution Offering / Priorities • Sweden replaces 1
Slide 48: Focus Point Switzerland, Germany, Central and Eastern Europe
Focus Point Switzerland, Germany, Central and Eastern Europe: Early Phase Opportunities 4.8m 45m 50m ∙ Meters installed base Meters installed base ∙ Meters installed base ∙ Switzerland ∙ Germany ∙ Central and Eastern Europe Market Leader Delayed energy transition and Difference in drivers for AMI •
Slide 49: EMEA Positioning for Success
EMEA Positioning for Success Customers and Markets Offering Operational Excellence • Capture large share of the • Strengthen our positioning at the • Ensure professional delivery of upcoming smart meter grid edge, ‘beyond metering’, with customer projects deployments our next generation offerings •
Slide 50: Coffee Break
Coffee Break 50 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 51: Asia-Pacific
Asia-Pacific Name, Steve Title Head AP Jeston, 51 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 52: Asia-Pacific Highlights
Asia-Pacific Highlights Serving Strong customer 4+ million Leading Supplier major markets relationships/service connected intelligent in smart metering1 across the region drives continued devices in the field with deployments in Australia, long term success Hong Kong and India Business Highlights •
Slide 53: Improving Financial Performance
Improving Financial Performance ∙ Performance • Australia: Higher market certainty after implementation of regulatory framework (Power of Choice) driving demand • SEA: Executing on CLP Power contract in Hong Kong • India: Improved margin, coming from stronger sales, and focus on customer selection •
Slide 54: Dynamic Market Outlook
Dynamic Market Outlook Market Evolution Market Position ANZ Smart Electricity: Estimated market segments1 Constant growth with USD b 32% application of Power of CAGR 18-22 ANZ smart electricity meters Choice, refresh cycle Σ 0.6 32% #2 market share, 2018, units2 expected in New Zealand +36% South Ea
Slide 55: Growth Driven by Upcoming AMI Deployments
Growth Driven by Upcoming AMI Deployments AMI Meter Penetration AMI Market Deployment Stage 2019 2026 NZ 2nd Wave Rollout SG Regulated GROWTH AU Regulated CHINA HK Regulated INDIA MY Tendering + Deploying SEA IN Piloting + Tendering + Deploying TH Piloting + Tendering EMERGING BD Pilot + Tendering P
Slide 56: Focus Point: Australia and New Zealand
Focus Point: Australia and New Zealand 27% 21% 30% 1m ∙ Smart meter penetration in ∙ Of homes have Australia share of ∙ ∙ Forecast household ANZ (~3m smart meters roof top solar global residential battery battery installations deployed to date) (>2m homes) demand in 2019 (70k) by 2025 ∙ Market Dynam
Slide 57: Grid Edge Proof of Concept "Sun Smart"
Grid Edge Proof of Concept “Sun Smart” 70% Solar-power microgrid ∙ Use of Landis+Gyr’s Solution delivered a ∙ ∙ Expected yearly savings per trial in Warranyjarri technology reduction of CO 2 and consumer compared to Broome Western Australia excess renewable energy traditional network for charging ba
Slide 58: Focus Point: India
Focus Point: India USD 19% 5th +175k 86.1bn Estimated cost to Indian ∙ Estimated ∙ Ranking for installed ∙ Additional Gridstream ∙ economy due to distribution losses capacity of renewable AMI meters connected inefficiencies / distortions 1 energy globally under RF canopy across energy sector ∙ Marke
Slide 59: Focus Point: South East Asia
Focus Point: South East Asia 215m +80% >1m >6m ∙ Electricity meters installed Expected energy demand ∙ ∙ Additional smart endpoints Number of AMI units that ∙ base across the region growth from 2015 to 2040 contracted in Hong Kong were open for tender in 2019 ∙ Market Dynamic and Customer Challenges
Slide 60: Asia-Pacific Positioning for Success
Asia-Pacific Positioning for Success Grow on the back of emerging AMI Continue to build out competitive market Margins will continue to improve opportunities across the region offering for targeted opportunities. through a combination of value through close customer relationships Expand market offer
Slide 61: Finance
Finance Name, Title Jonathan Elmer, CFO 61 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 62: Group Performance: Revenue Growth and Operational Improvements Drive Margins Higher
Group Performance: Revenue Growth and Operational Improvements Drive Margins Higher USD in millions ∙ FY 2019 H1: Net Revenues Development 1'659 1'738 1'765 • Group: +3.4% growth y-o-y in constant currency • Americas: Impacted by roll-off of two major 14.5% 13.5% projects 12.7% 12.0% • EMEA: UK cont
Slide 63: Americas Performance: Resilient EBITDA Margins Despite Some Top-line Headwinds
Americas Performance: Resilient EBITDA Margins Despite Some Top-line Headwinds USD in millions ∙ FY 2019 H1: Net Revenues Development 972 986 • H1 sales are lower by -4.1% in constant currency 931 compared to previous year primarily due to the roll-off of two major contracts in North America 21.0% 2
Slide 64: EMEA Performance: Turnaround Under Way as Revenues and Margins Grow
EMEA Performance: Turnaround Under Way as Revenues and Margins Grow USD in millions ∙ FY 2019 H1: Net Revenues Development 627 633 • +10.5% growth year-on-year in constant 588 7.6% currency • H1 revenue growth driven by UK; expected Brexit destocking did not materialize 3.1% 306 FY 2019 H1: Adjusted
Slide 65: Brexit Uncertainties
Brexit Uncertainties UK remains the largest market in EMEA and 2 nd largest market globally for Landis+Gyr ∙ Potential Implications of Brexit ∙ Mitigation measures • WTO terms would result in import duties of • Landis+Gyr UK has registered for transitional 1.1% on electricity and 2.1% on gas meters
Slide 66: Asia-Pacific Performance: Strong Margin Improvement as Top-line Grows
Asia-Pacific Performance: Strong Margin Improvement as Top-line Grows on Lower Cost Base USD in millions ∙ FY 2019 H1: Net Revenues Development 140 138 147 6.1% • +32% growth year-on-year in constant currency • H1 revenue growth driven by higher revenue in Australia, in SEA (CLP Power contract) and
Slide 67: Asset Light Business Model Increases Operational Flexibility
Asset Light Business Model Increases Operational Flexibility Capex / sales ratio 43 Transition to outsourced providers continues 40 2.6% 38 to progress: 2.2% 2.3% • Manufacturing restructuring largely completed in EMEA (Project Lightfoot) 1.5% • Outsourcing improves operational flexibility • Benefit
Slide 68: Cash Flow Seasonality – Free Cash Flows Excluding M&A
Cash Flow Seasonality – Free Cash Flows Excluding M&A Historical Free Cash Flow (excl. M&A) • H2 has historically been much USD in millions stronger in terms of Free Cash Flow (excl. M&A) generation FY 2017: FY 2018: FY 2019 guidance: 87.5 123.5 120 – 135 • Warranty settlement cash outs in FY 2017 a
Slide 69: Low Net Debt Contributes to a Solid Balance Sheet Position
Low Net Debt Contributes to a Solid Balance Sheet Position USD in millions • Net debt down 10.0% to 0.5x 0.4x USD 99.4 million • Slightly lower net debt / trailing twelve month Adjusted EBITDA ratio of 0.4x • Dividend payment of USD 94.0 million made in July 2019 • Repurchased 277,166 shares for USD
Slide 70: Capital Allocation Continues to Focus on Shareholder Value
Capital Allocation Continues to Focus on Shareholder Value Invest in organic growth A sustainable dividend of Potentially invest Return capital to support and develop approximately 75% of Free in M&A targets that to shareholders core business Cash Flow (excl. M&A) align to strategy In FY 2018 In Jul
Slide 71: Guidance for FY 2019
Guidance for FY 2019 USD USD ~1- 4% 240 - 255 120 - 135 million million Net revenues growth ∙ ∙ Group Adjusted EBITDA ∙Free Cash Flow of approximately 1- 4% in to be between (excl. M&A) to be constant currency USD 240 million between USD 120 million and USD 255 million and USD 135 million ∙ unchange
Slide 72: Mid-term (FY 2022) Guidance
Mid-term (FY 2022) Guidance Net Revenues Mid-single digit CAGR in constant currency with growth backend (Relative to FY 2018) loaded towards FY 2022 due to regulatory delays in the US Adjusted EBITDA margin between 13.5% and 14.5% Adjusted EBITDA of net revenues Free Cash Flow Above USD 150 million
Slide 73: Positive Mid-term Outlook Projections…but with Near Term Challenges in the Americas
Positive Mid-term Outlook Projections…but with Near Term Challenges in the Americas ∙ Group Mid single digit compounded annual • Net Revenues: Mid-single digit CAGR in constant currency with growth Net Revenues growth backend loaded towards FY 2022 due to regulatory delays in the US USD in millions
Slide 74: Capital Markets Day – Wrap Up
Capital Markets Day – Wrap Up Richard Mora, CEO 74 | © Landis+Gyr | January 27, 2020 | Capital Markets Day
Slide 75: Underlying Equity Growth Story
Underlying Equity Growth Story Landis+Gyr is a leader in an essential industry driving improved environmental outcomes globally Committed to delivering continuous improvement in our sustainability programs We are in a growing market – however the growth can be lumpy due to the size and timing of som
Slide 76: Glossary
Glossary AMI Advanced metering infrastructure IPv6/v4 Internet protocol version 6/4 CAGR Compound Annual Growth Rate JV Joint venture CMD Capital Markets Day KPI Key performance indicator CO2 Carbon dioxide MDMS Meter data management system CPP Critical peak pricing NB-IoT Narrowband IoT CSR Corpora
Slide 77: Dates and Contacts
Dates and Contacts Contact Investor Important Dates CMD Documents Relations Release of FY 2019 Results: Stan March – New York May 6, 2020 SVP Group Communications and Investor Relations Publication of Phone +1 678 258 1321 Annual Report 2019: Stan.March@landisgyr.com May 28, 2020 Christian Waelti –