Carlo Gavazzi Holding Ag · SIX:GAV

Carlo Gavazzi — Investor Presentation (June 2020)

27 slides from Carlo Gavazzi's investor presentation, Jun 24, 2020

  1. Slide 1: Carlo Gavazzi Holding AG

    Media and Financial Analysts Meeting 2020 Carlo Gavazzi Holding AG Media and Financial Analysts Zoom Meeting 2020 June 24, 2020

  2. Slide 2: Agenda for Today

    Media and Financial Analysts Meeting 2020 AGENDA FOR TODAY WELCOME & OVERVIEW Valeria Gavazzi AUTOMATION COMPONENTS Vittorio Rossi FINANCIAL HIGHLIGHTS Lorenzo Trezzini Q&A

  3. Slide 3: Welcome

    Media and Financial Analysts Meeting 2020 Welcome Valeria Gavazzi Chairman

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

    General Overview - Key Figures Sales and Bookings CHF million 2019/20 2018/19 Δ CHF Δ LC Bookings 153.0 155.2 -1.4% +2.5% Operating revenue 148.5 155.0 -4.2% -0.5%

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

    General Overview - Key Figures Innovation and Income CHF million 2019/20 2018/19 Δ R&D 8.7 8.2 +5.9% EBIT 10.8 15.2 -28.9% Net income 6.1 10.7 -43.0%

  6. Slide 6: General Overview - Markets and Products

    General Overview - Markets and Products  Controls: strong demand for energy management solutions  Sensors: positive contribution from capacitive sensors  Switches: affected by weakening conditions in industrial markets

  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 / trade war −  Covid-19-related issues −

  8. Slide 8: Dividend

    Dividend • Traditional policy: distribute great part of net income • Covid 19 related issues and uncertainties • Safeguard all stakeholders’ interests • Board of Directors proposes to refrain from distributing dividend this year

  9. Slide 9: Automation Components

    Media and Financial Analysts Meeting 2020 Automation Components Vittorio Rossi CEO

  10. Slide 10: 2019/20 Revenue Distribution by Region

    2019/20 Revenue Distribution by Region Asia-Pacific  Revenues 14% (14%)  Europe: +2.3%  Americas: -5.3%  Asia-Pacific: -6.7% Americas 20% (21%) EMEA 66% (65%)

  11. Slide 11: 2019/20 Revenue by Product Line

    2019/20 Revenue by Product Line Fieldbuses Electro-Mechanical 5% Switching 1% Sensors 27% Solid-State Switching 34% Controls 33%

  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) Power analyzer for three-phase systems WM15

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

    Product Innovation (4/4) Single phase dynamic motor starter HDMS series

  16. Slide 16: Outlook

    Outlook  Contracting global economy due to Covid-19  Carlo Gavazzi acted promptly to maintain business continuity  Weak economic and market conditions likely to affect result  Capturing mid-term market opportunities by continued focus on  strengthening sales organizations  increasing the produ

  17. Slide 17: Financial Highlights 2019/20

    Media and Financial Analysts Meeting 2020 Financial Highlights 2019/20 Lorenzo Trezzini Chief Financial Officer

  18. Slide 18: Income Statement

    Income Statement (in CHF million) 2019/20 2018/19 Change Bookings 153.0 155.2 - 1.4% Operating revenue 148.5 155.0 - 4.2% Gross profit 79.6 82.8 - 3.8 %  in % of revenue 53.6 % 53.4 % Net financial expense - 0.7 - 0.2 EBITDA 16.9 18.7 - 9.6 % EBIT 10.8 15.2 - 28.9%  in % of revenue 7.3 % 9.8 % Ear

  19. Slide 19: Balance Sheet

    Balance Sheet (at March 31, in CHF million) 2020 2019 Δ CHF Current assets 102.8 112.6 - 9.8  whereof cash 47.5 47.8 - 0.3 Non-current assets 28.8 23.3 + 5.5  whereof goodwill 6.2 6.4 - 0.2 Liabilities 41.3 38.3 + 3.0 Shareholders’ equity 90.3 97.5 - 7.2  equity ratio 68.7 % 71.8 % Total 131.6 13

  20. Slide 20: Shareholders' Equity

    Shareholders’ Equity (in CHF million) 2020 2019 Shareholders’ equity at the beginning of the reporting period 97.5 99.3  equity ratio 71.8 % 72.5 % Net income 6.1 10.7 Currency impact - 4.4 - 2.9 Dividends - 8.5 - 8.5 Other - 0.4 - 1.1 Shareholders’ equity at March 31 90.3 97.5  equity ratio 68.7

  21. Slide 21: Cash Flow Summary

    Cash Flow Summary (in CHF million) 2019/20 2018/19 Cash flow from operating activities +14.9 +10.1 Cash flow from investing activities - 3.8 - 3.5 Cash flow from financing activities - 9.7 - 8.5 Change in cash and cash equivalents + 1.5 - 1.9

  22. Slide 22: Net Cash Position

    Net Cash Position 52 51 CHF million 50 49 48 47 net cash position 46 45 44 43 2015/16 2016/17 2017/18 2018/19 2019/20

  23. Slide 23: Share Price Development 1.4.2019 – 31.3.2020

    Share Price Development 1.4.2019 – 31.3.2020 Carlo Gavazzi Bearer Share SPI Extra rebased 310 290 270 250 230 210 190 170 150 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

  24. Slide 24: 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 2015/16 Dec Jan Feb Mar I Apr May Jun Jul Aug Sep Oct Nov Dec 2016/17 Jan Feb Mar I Apr May Jun Jul Aug Share Price over 5 Years Sep Oct Nov Dec 2017/18 Jan Feb SPI Extra Rebased Mar I Apr May Carlo Gavazzi Bea

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  26. Slide 26: Questions?

    Questions?

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Carlo Gavazzi Holding — Investor Presentation (June 2020) on 6ix