Slide 1: Media and analysts' conference 2021
Media and analysts’ conference 2021 Tornos Group Moutier, March 8, 2021
Slide 2: Speakers
Media and analysts’ conference 2021 Speakers François Frôté – Chairman of the Board Luc Widmer – Chief Financial Officer Michael Hauser – Chief Executive Officer Media and analysts' conference 2021 | Tornos Group March 8, 2021 2
Slide 3: Agenda
Media and analysts’ conference 2021 Agenda Overall Review François Frôté, Chairman Financial Results 2020 Luc Widmer, CFO Management Report Michael Hauser, CEO Questions and answers Media and analysts' conference 2021 | Tornos Group March 8, 2021 3
Slide 4: Overall Review
Overall Review François Frôté – Chairman of the Board
Slide 5: Key Financials 2020
Overall Review Key Financials 2020 in MCHF 2020 2019 Net sales 103.4 205.3 EBITDA -23.6 10.7 EBIT -27.7 6.4 Net result -29.9 5.9 Free cash flow -3.1 -31.6 Net cash/(debt) -5.0 -0.9 Media and analysts' conference 2021 | Tornos Group March 8, 2021 5
Slide 6: Key Financials 2020 vs. 2009
Overall Review Key Financials 2020 vs. 2009 in MCHF 2020 2009 Net sales 103.4 112.5 EBITDA -23.6 -25.8 EBITDA - underlying -8.5 -25.8 EBIT -27.7 -30.5 EBIT - underlying -12.6 -30.5 Net result -29.9 -29.6 Free cash flow -3.1 -29.2 Net cash/(debt) -5.0 -24.6 Media and analysts' conference 2021 | Torno
Slide 7: Financial Results
Financial Results Luc Widmer – Chief Financial Officer
Slide 8: Order Intake
Financial Results 2020 Order Intake -27.7% 76.9 MCHF -44.3% 42.8 58.6 -5.9% 55.2 2019 2020 2 HY 1 HY 2nd Half-Year almost recovered to prior year level Media and analysts' conference 2021 | Tornos Group March 8, 2021 8
Slide 9: Order Intake by industry
Financial Results 2020 Order Intake 2019 Automotive regaining against 2019 9% mostly in 2nd half-year 37% Medical industry hampered by 28% COVID-19 measures Penetration into lock and aero 16% 10% markets yielding order intake in 2020 2020 category “other” 13% 47% 21% 12% 7% Penetration into ne
Slide 10: Order Intake by region
Financial Results 2020 Order Intake 2019 Europe remaining dominant 15% despite drop by 34.8% against 2019 15% Americas remaining important 70% region Asia gaining weight within Tornos following fast market recovery 2020 16% 21% 63% Stable development of non-European regions Media and analysts'
Slide 11: Net Sales
Financial Results 2020 Net Sales -49.6% MCHF 205.3 103.4 2019 2020 Down-swing in sales challenging organization Media and analysts' conference 2021 | Tornos Group March 8, 2021 11
Slide 12: Net Sales by product and region
Financial Results 2020 Net Sales 2019 Drop in Swiss machines 3% predominantly due to MultiSwiss 23% slow down Asian products and Customer 58% 16% Service more resilient against economic down-turn 2020 4% 31% 39% 26% Product up-grades in Customer Service sustaining growth Media and analysts' conf
Slide 13: Income Statement
Financial Results 2020 Income Statement in % of in % of in MCHF 2020 Sales 2019 Sales Net sales 103.4 205.3 Gross profit 11.9 11.5% 66.4 32.3% Marketing and sales -22.4 -21.7% -31.3 -15.2% General and administrative -15.6 -15.1% -18.1 -8.8% expense Research and development -5.2 -5.1% -10.1 -4.9% Oth
Slide 14: Income Statement
Financial Results 2020 Income Statement in % of in % of in MCHF 2020 Sales 2019 Sales EBIT -27.7 -26.8% 6.4 3.1% Financial income/expense -0.1 -0.1% -0.2 -0.1% Exchange result net -1.7 -1.6% 0.2 0.1% EBT -29.4 -28.5% 6.4 3.1% Income taxes -0.4 -0.4% -0.5 -0.3% Net result -29.9 -28.9% 5.9 2.9% Exchan
Slide 15: Underlying Performance
Financial Results 2020 Underlying Performance non- in % of in MCHF 2020 recuring underlying Sales Net sales 103.4 103.4 Gross profit 11.9 18.3 30.2 29.2% Marketing and sales -22.4 -22.4 -21.7% General and administrative expense -15.6 -15.6 -15.1% Research and development -5.2 -5.2 -5.1% Other income
Slide 16: Change in EBIT
Financial Results 2020 Change in EBIT MCHF Cost cuts of MCHF 38.9 not fully compensating business slow-down Media and analysts' conference 2021 | Tornos Group March 8, 2021 16
Slide 17: Balance Sheet
Financial Results 2020 Balance Sheet Assets Liabilities MCHF 14.4 15.3 22.6 44.4 17.3 22.3 16.1 27.9 101.9 69.4 107.8 77.9 28.6 25.4 2019 2020 2020 2019 Net cash -5.0 -0.9 Equity ratio 60.8% 64.4% Solid equity ratio with 60.8% Media and analysts' conference 2021 | Tornos Group March 8, 2021 17
Slide 18: Cash Flow
Financial Results 2020 Cash Flow in MCHF 2020 2019 Cash Flow before net working capital changes -10.7 14.0 Net working capital changes 7.3 -41.0 Cash Flow from investing activities 0.3 -4.6 Free Cash Flow -3.1 -31.6 Net cash/(debt) -5.0 -0.9 Free cash flow MCHF 4,8 - 8,0 - 12,2 - 19,3 2019 HY1 2019
Slide 19: In a Nutshell
Financial Results 2020 In a Nutshell Challenging year terminated with a slight up-swing in orders Cost base notably adjusted, offering base for leveraged performance Net cash position largely stabilized Stock on hand allowing reaction at short notice to market changes Media and analysts' con
Slide 20: Calendar of Events
Financial Results 2020 Calendar of Events April 14 Annual General Meeting 2021 (No physical presence of the shareholders) August 10 Publication Half-year Report 2021 Media and analysts' conference 2021 | Tornos Group March 8, 2021 20
Slide 21: Management Report
Management Report Michael Hauser – Chief Executive Officer
Slide 22: Year 2020 was unprecedented in every sense of the word
Introduction Year 2020 was unprecedented in every sense of the word Media and analysts' conference 2021 | Tornos Group March 8, 2021 22
Slide 23: Contribution in combat against COVID-19
Introduction Contribution in combat against COVID-19 Media and analysts' conference 2021 | Tornos Group March 8, 2021 23
Slide 24: Agility, flexibility, adaptability, and speed of decision making
Company Agility, flexibility, adaptability, and speed of decision making Media and analysts' conference 2021 | Tornos Group March 8, 2021 24
Slide 25: Focusing on innovative solutions that give customers a competitive edge
Strategy Focusing on innovative solutions that give customers a competitive edge Internationalize Strengthen our Grow through our business. flexibility. Innovation. Establish Tornos’ Enhance our operational Deliver unique services as a excellence. solutions for targeted differentiator. market segmen
Slide 26: Research and development
Products Research and development Swiss DT 26 Swiss DT 32 SwissNano 4 Generation II Swiss DT 13 e Media and analysts' conference 2021 | Tornos Group March 8, 2021 26
Slide 27: ACB Plus
Products ACB Plus Without Active Chip Breaker (ACB Plus) With Active Chip Breaker (ACB Plus) Media and analysts' conference 2021 | Tornos Group March 8, 2021 27
Slide 28: Automation
Products Automation Turnkey solution including automation Media and analysts' conference 2021 | Tornos Group March 8, 2021 28
Slide 29: MultiSwiss machine models
Products MultiSwiss machine models Media and analysts' conference 2021 | Tornos Group March 8, 2021 29
Slide 30: Platform strategy
Products Platform strategy Guidebush Spindle and/or counter-spindle Built-in motor Mechanical belt IKO driven M13 I13 M13 M26 M32 D26 L26 M26 I26 Z1 COP axis X4/Z4/(Y4) Z4 X4 M32 C0 I32 B2 C1 C11 Gang tools X1/Y1 X1 Y1 G2 G3 Y4 Machine base Y4 axis IKO Live tools OP Counter operation tools G4 G10 T1
Slide 31: Global production footprint
Plants Global production footprint Moutier (Switzerland) MultiSwiss SwissNano EvoDECO SwissDECO Xi’an (China) Swiss DT / CT Taichung (Taiwan) Swiss GT Swiss DT Media and analysts' conference 2021 | Tornos Group March 8, 2021 31
Slide 32: Tornos House of Services
Customer Services Tornos House of Services Media and analysts' conference 2021 | Tornos Group March 8, 2021 32
Slide 33: Circular economy
Customer Services Circular economy Media and analysts' conference 2021 | Tornos Group March 8, 2021 33
Slide 34: Market developments and trends
Industries Market developments and trends Media and analysts' conference 2021 | Tornos Group March 8, 2021 34
Slide 35: Partnerships
Innovation Partnerships Media and analysts' conference 2021 | Tornos Group March 8, 2021 35
Slide 36: TISIS and online service products
Digitalization TISIS and online service products Media and analysts' conference 2021 | Tornos Group March 8, 2021 36
Slide 37: Well positioned to continue the recovery
Outlook Well positioned to continue the recovery Media and analysts' conference 2021 | Tornos Group March 8, 2021 37
Slide 38: Questions and answers
TORNOS Questions and answers
Slide 39: Thank you for participating in this conference
THANK YOU FOR PARTICIPATING IN THIS CONFERENCE YOU MAY NOW DISCONNECT YOUR LINES
Slide 40: Inquiries
Tornos Holding Ltd. Inquiries Investor and media relations: Luc Widmer Rolph Lucassen +41 32 494 43 11 +41 32 494 44 34 investors@tornos.com communications@tornos.com For more details on Tornos Group, please refer to www.tornos.com Media and analysts' conference 2021 | Tornos Group March 8, 2021 40
Slide 41: Disclaimer
Tornos Holding Ltd. Disclaimer Tornos Holding Ltd. is confirming its best efforts to present accurate and up- to-date information in this document, Tornos Holding Ltd. gives no representation or warranty, expressed or implied, as to the accuracy or completeness of the information provided herein and