Georg Fischer Ag · SIX:GF
Georg Fischer — Investor Presentation (December 2021)
48 slides from Georg Fischer's investor presentation, December 2021
Slide 1: Investors Presentation
December 2021 Investors Presentation Andreas Müller (CEO), Mads Joergensen (CFO) and Daniel Bösiger (IR)
Slide 2: Pioneering industrial technology for more than 200 years
Pioneering 1802 GF Corporate industrial GF founded in Schaffhausen technology 1864 GF Piping Systems for more than 200 years First piping systems product 1897 GF Casting Solutions First automotive part 1921 GF Machining Solutions First machinery 1802: Johann Conrad Fischer | 1864: Malleable iron fit
Slide 3: Today GF stays at the forefront of new technologies
Today GF stays 54% at the forefront GF Piping Systems of new technologies 23% 23% GF Casting GF Machining Solutions Solutions Sales 2020 CHF 3.184 billion, EBIT before We specialize in developing tailored solutions one-offs CHF 185 million and 14'118 to meet the needs of our customers employees
Slide 4: A global footprint with local services
Present in 40 countries A global footprint 83 production sites 113 sales sites 11 R&D centers with local services Americas Europe Asia Pacific 12 32 39 13 43 57 2 7 2 4 December 2021 | Investors Presentation
Slide 5: We have an impact on every day life
We have an impact on every day life 6 am 7 am 9 am 2 pm 8 pm 5 December 2021 | Investors Presentation
Slide 6: FY 2020 key financial figures – three years overview
FY 2020 key 3'184 -8.4 185 5.8 financial Sales Organic growth EBIT EBIT margin figures – in CHF million 4’572 in % 6.5 before one-offs in CHF million before one-offs in % 8.4 7.6 three years overview 3’720 3’184 382 281 5.8 185 -4.1 -8.4 2018 2019 2020 2018 2019 2020 2018 2019 2020 2018 2019 2020 9.
Slide 7: Strong order intake in all divisions
Strong order intake in all divisions Order intake per H1 2021 in CHF million +42% +30% 1’115 2’048 859 +79% +45% 1’440 462 471 326 255 GF GF Piping Systems GF Casting Solutions GF Machining Solutions H1 2020 H1 2021 Organic growth 7 December 2021 | Investors Presentation
Slide 8: Strong recovery in all divisions
Strong recovery in all divisions per H1 2021 Sales in CHF million +20% +16% 1’835 983 1’528 845 +38% +11% 459 393 328 355 GF GF Piping Systems GF Casting Solutions GF Machining Solutions H1 2020 H1 2021 Organic growth 8 December 2021 | Investors Presentation
Slide 9: Significant increase in profitability
Significant increase in profitability EBIT margin per H1 2021 in % 13~15% 9~11% 13.0 9~11% 11.1 8~10% 7.7 4.2 2.8 2.3 0.3 -7.6 GF GF Piping Systems GF Casting Solutions GF Machining Solutions H1 2020 H1 2021 Strategic objectives in 2025 * before one-offs in H1 2020 9 December 2021 | Investors Presen
Slide 10: Our Vision: GF is a sustainability and innovation leader
Our Vision GF is a sustainability and innovation leader providing superior customer value 10 December 2021 | Investors Presentation
Slide 11: Our strategy is about profitable growth
Our strategy is about profitable growth with emphasis on resilience and learning 11 December 2021 | Investors Presentation
Slide 12: Strategic objectives 2025: CHF 4.4 – 5.0 bn sales
Piping Systems Casting Solutions Machining Solutions Sales Sales Sales CHF 2.2 bn CHF 1.1 bn CHF 1.1 bn Return on sales Return on sales Return on sales 1 Drive profitable growth 13 – 15% 9 – 11% 8 – 10% through intelligent and sustainable solutions Return on invested capital Return on invested capit
Slide 13: Global trends offer great opportunities
Global trends offer great opportunities Urbanization Renewable energy Data centers Global trends driven by sustainability needs Water treatment E-Mobility Digitalization 13 December 2021 | Investors Presentation
Slide 14: Sustainability is an integral part of our strategy
Sustainability is an integral part of our strategy Product Climate & People Portfolio Resources & Well-being of sales with social or absolute CO2 emissions accident rate 70% environmental benefits 21% footprint reduction 30% reduction 14 December 2021 | Investors Presentation
Slide 15: Sustainability is fully integrated and part of our culture
Sustainability is fully integrated We support our customers' success with innovative, energy-saving solutions to make the collective global footprint more sustainable and part of our In our 219 years of history, we have continuously pioneered quality and standards. Our innovations, not limited to te
Slide 16: Sustainability investments in production facilities worldwide
Sustainability Focus on energy efficient capex – investments in electric injection molding machine at GF Piping Systems in Schaffhausen (Switzerland) production facilities world- New energy efficient LED wide… lights installed throughout the production facility at GF Harvel, Little Rock (USA) Employ
Slide 17: Social responsibility is at the heart of GF
… and social responsibility is at the heart of GF Safety first! Employees per region 5% 26% Europa 14’118 Americas 55% Asia Employer attractiveness 14% Rest of world Efforts to enable flexible working models and support employees in Accident rate balancing family & work (per 1'000'000 working hours)
Slide 18: Our ESG efforts are clearly recognized by leading agencies
Our ESG efforts are clearly recognized by leading agencies Rating Agency Rating Scale External recognition 15% 23% 21% 21% 8% 9% 4% AA CCC B BB BBB A AA AAA As of November 2021, Georg Fischer GF is rated as received an overall ESG Ranking of *) 40 out of 374 companies of the number 9 most 40 out of
Slide 19: GF Piping Systems
GF Piping Systems 19 December 2021 | Investors Presentation
Slide 20: Business Overview: GF Piping Systems
Business Overview GF Piping Systems (Sales 2020 in CHF million) 8% 24% Europe 38% Utility 22% 37% Sales Sales Asia 1'708 Industry 1'708 Americas Building Technology 38% 33% Rest of world Utility Industry Building Technology Market Trend: Market Trend: Market Trend: Position: World #1 for PE electr
Slide 21: Sustainability drives business
Sustainability GF Piping Systems drives business Global drinking water loss per year: 126 billion litres Neoflow – The Solution of GFPS for pressure management NeoFlow Pressure Regulating Valve 75% reduction in pipe bursts by decreasing excess pressure by 25% 5% reduction of water leakage can sa
Slide 22: Groundbreaking customer solutions
Groundbreaking GF Piping Systems customer solutions We are a leading supplier of piping systems 1 made of plastics and metal We focus on system solutions and high- 2 quality components for the safe transport of water, chemicals and gases Our product portfolio of fittings, valves, pipes, 3 automation
Slide 23: Our customers
Our customers GF Piping Systems Industry Utility Building Technology 23 December 2021 | Investors Presentation
Slide 24: Providing quality through safe and secure piping systems
Providing quality to our customers GF Piping Systems through safe and secure piping systems WBI Weld Bead Inspection Water treatment (WBI) Tool (advanced process automation) 24 December 2021 | Investors Presentation
Slide 25: Plant and network monitoring processes will become more connected
Plant and network monitoring GF Piping Systems processes will become more connected Smart fittings Monitoring & analytics Control Measurement DMA1 DMA2 DMA3 25 December 2021 | Investors Presentation
Slide 26: Water treatment offers enormous potential
Water treatment offers enormous potential GF Piping Systems Membrane Bioreactor Chemical dosing Simplified Water Treatment Cycle Water Treatment Plant Surface Water Industrial uses Membrane systems Filtration Ground Water Private uses Wastewater Treatment Plant 26 December 2021 | Investors Presentat
Slide 27: GF Casting Solutions
GF Casting Solutions 27 December 2021 | Investors Presentation
Slide 28: Business Overview: GF Casting Solutions
Business Overview GF Casting Solutions (Sales 2020 in CHF million) 10% 10% 11% Automotive Europe Sales 25% Sales 752 Industrial Applications 752 Asia 65% Americas Aerospace / Energy 79% Automotive Industrial Applications Aerospace / Energy Market Trend: Market Trend: Market Trend: Position: Europe T
Slide 29: Increased CO2 regulations drive demand for lighter components
Increased CO2 regulations drive GF Casting Solutions demand for lighter components Lightweight EU CO2 regulations Sustainable Aluminium Battery for passenger cars logistics through Housing local for local Lightweight 100% Magnesium Cross recyclable Car Beam Approx. 50% CO2 reduction material between
Slide 30: Driving future technologies
Driving future GF Casting Solutions technologies We are a technologically pioneering development partner and manufacturer of cast and additive 1 components for the global automotive industry, aerospace and energy markets, off-highway vehicles and for industrial applications Our highly complex lightw
Slide 31: Share of electrified vehicles will increase within the next years
Share of electrified vehicles will increase GF Casting Solutions within the next years… Global Light vehicle production in million units 110 100 10% Electric Vehicles + 3% Plug-in Hybrids 90 6% Full Hybrids + + 80 14% Mild Hybrids 70 60 50 40 Internal 66% Combustion 30 Engines 20 10 2017 2019 2021 2
Slide 32: EV cars will significantly reduce CO2 emissions over lifetime
… and EV cars will significantly reduce GF Casting Solutions CO2 emissions over lifetime Life-cycle greenhouse gas emissions of gasoline and battery-electric vehicles Even in countries where the electricity (gCO2 eq./km) used for charging still comes mostly from non-renewable sources 250 Vehicle 200
Slide 33: New plant in Shenyang almost completed
New plant in Shenyang almost completed GF Casting Solutions First test run successfully completed in September 2021 Plant from a birds eye – solar panels to be installed (Left: Cross Car Beam | Right: Shock tower) 33 December 2021 | Investors Presentation
Slide 34: Partnering with leading manufacturers worldwide
Partnering with leading manufacturers GF Casting Solutions worldwide … Passenger Cars Industrial Applications Aerospace / Industrial Gas Turbines 34 December 2021 | Investors Presentation
Slide 35: Strong expertise in e-drive solutions and lightweight structural parts
… with strong expertise in e-drive GF Casting Solutions solutions and lightweight structural parts Transmission Housing E-Engine Housing Battery Housing Cross Car Beam VW MEB Platform Audi E-Tron VW Golf GTE Jaguar I-Pace Source: VW Source: Audi Source: VW Source: Jaguar 35 December 2021 | Investors
Slide 36: Nearly every car on the road drives with GF Casting Solutions parts
Nearly every car on the road drives with GF Casting Solutions GF Casting Solutions parts Rear Door Middle Console Frame Cross Car Beam Front End Door Sil Frame Carrier Member Inner Door Shock Tower Frame Seat Frame 36 December 2021 | Investors Presentation
Slide 37: GF Machining Solutions
GF Machining Solutions 37 December 2021 | Investors Presentation
Slide 38: Business Overview: GF Machining Solutions
Business Overview GF Machining Solutions (Sales 2020 in CHF million) Milling 3% Europe 14% 29% 21% EDM Asia 42% Sales Sales 725 Customer Service 725 Americas 31% Adv. Manufacturing / Rest of world 26% 34% Automation & Tooling Milling EDM Customer Service Adv. Manufacturing / Automation & Tooling Mar
Slide 39: Digitalization and miniaturization increase need for precision
Digitalization and miniaturization GF Machining Solutions increase need for precision The GEnx is delivering up to ML-10 Nozzle 15% better specific fuel ablation consumption than the engine it replaces CMC is 2/3 lighter with 20% higher temperature resistance The GEnx’s emissions are CMC Ventilation
Slide 40: Focus on digitalization
Focus on GF Machining Solutions digitalization We are one of the world’s leading providers of complete solutions to the tool and mold making 1 industry and to manufacturers of precision components Our portfolio includes Milling, wire-cutting 2 and die-sinking EDM machines We offer spindles, Laser te
Slide 41: We offer our customers ICT, Medical, Aerospace solutions
We offer our customers … GF Machining Solutions ICT Medical Aerospace 41 December 2021 | Investors Presentation
Slide 42: Innovative and advanced technology solutions
… innovative and advanced GF Machining Solutions technology solutions LASER P series Arthoscopic cutter blades Complete cell (CUT P + S3R pallets and robots Next generation Laser technologies Medtech + rConnect + Smart Wire) 42 December 2021 | Investors Presentation
Slide 43: New market opportunities in E-mobility
New market opportunities in E-mobility GF Machining Solutions Progressive stamping tool – fine stamping for stacked lamination coils for increased motor efficiency E.g. Electric vehicles motors 43 December 2021 | Investors Presentation
Slide 44: Higher fuel efficiency through dedicated solutions for Aerospace & Energy
Higher fuel efficiency through dedicated GF Machining Solutions solutions for Aerospace & Energy Higher temperatures Inconel blisks milling Micro drilling on CMC* Seal slot* + CUT 200 dedic. * Ceramic Matrix Composite Lightweight design E.g. Aero engine Antenna horns Turbine rear vane CUT AM 44 Dece
Slide 45: GF at a glance
GF at a glance Strategy focus on profitable growth with emphasis on resilience and learning through intelligent and sustainable solutions, a resilient portfolio, operational excellence and evolving culture towards more performance and learning Products and services addressing demand of global mega t
Slide 46: Our Purpose: Becoming better every day
Our Purpose Becoming SINCE better every day 1802 46 December 2021 | Investors Presentation
Slide 47: Thank you!
Thank you! 47 December 2021 | Investors Presentation
Slide 48: Disclaimer
Disclaimer This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for, purchase or sell any investment. Neither it nor anything it contains shall form the basis of any contract whatsoever. Opinions expressed herein reflect the
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