Bystronic Ag · SIX:BYS
Bystronic — Conzzeta — Credit Suisse Swiss EQ Mid Cap Conference 2019
24 slides from Bystronic's conference presentation, Nov 14, 2019
Slide 1: Differentiated steering for leading positions
Differentiated steering for leading positions Michael Willome, Group CEO Credit Suisse, Swiss EQ Mid Cap Conference Zurich, November 14, 2019
Slide 2: Topics for today
Topics for today • Group overview and business trends Page 3 • Business updates – Sheet Metal Processing Page 10 – Chemical Specialties – Outdoor • Outlook for 2019 Page 23 Zurich, November 14, 2019 | Credit Suisse, Swiss EQ Mid Cap Conference 2
Slide 3: We are a Swiss group of businesses
We are a Swiss group of businesses We stand for innovation, market orientation and an entrepreneurial spirit ~5’000 people worldwide Sheet Metal CHF 0.4 bn net cash position Processing Entrepreneurial anchor stakeholders Solutions for cutting, ➢ Striving for leading market bending, automation Net re
Slide 4: Differentiated steering for leading market positions
Differentiated steering for leading market positions Sales growth >5% Mid-term EBIT margin 8-10% targets (p.a.) RONOA >15% Sheet metal Chemical Outdoor processing specialties Grow and lead Grow and build Build and grow global industry more resilient on premium trend towards businesses brand with new
Slide 5: Consistent competencies and priorities to strengthen future viability and performance
Consistent competencies and priorities to strengthen future viability and performance Strategic Thinking Entrepreneurship Market orientation Internationalization Innovation Growth Collaboration and Diversity Profitability Performance Orientation Capital efficiency Drive for Excellence People develop
Slide 6: People Development for enhanced strategic and operational capabilities
People Development for enhanced strategic and operational capabilities Group-wide Talent Development Program Launched in 2017: 49 participants, delivering 23 projects under „rapid results approach“ with measurable benefits Business Excellence (BEX) Launched in 2017: ~100 trained individuals from acr
Slide 7: Addressing our corporate responsibilities
Addressing our corporate responsibilities Development of a reporting concept in 2019 2018 Materiality Assessment Identified material topics Ecology - Energy & Climate Change - Chemicals in Production - Longevity & Cyclability Society - Product Health & Safety - Working Conditions - Diversity & Inclu
Slide 8: Continued M&A to sharpen the profile for more consistent value creation
Continued M&A to sharpen the profile for more consistent value creation Bystronic: No. 1 solution provider in sheet metal processing Business FoamPartner: Transformational upscaling towards “Best in Foam” strategies Schmid Rhyner: Innovative coatings to turn surfaces into experience Mammut Swiss 186
Slide 9: 9M Trading update: Lower revenue with resilient profitability
9M Trading update Lower revenue with resilient profitability CHF m 9M 2019 9M 2018 Chg. in % • Stable 1HY EBIT margin of 7.6% (adjusted for Group net revenue 1'136.5 1'306.50 -13.0% disposal gain) despite revenue decline comparable1 -7.0% • Development of Group net revenue also reflecting Continuing
Slide 10: Sheet Metal Processing – Bystronic
Sheet Metal Processing Bystronic
Slide 11: Sheet Metal Processing Business profile Bystronic
Sheet Metal Processing Business profile Bystronic Net revenue by region1) CHF m, FY Net revenue trend 1250 1000 CAGR 21.4% 750 Organic growth across regions; 500 31% Europe 250 acquisitive mainly in Asia 48% Americas 0 Asia and Other 2015 2018 21% Market and position Net revenue by business segment1
Slide 12: Slowdown from high level – solid orders – resilient margin
Sheet Metal Processing Slowdown from high level – solid orders – resilient margin Operational performance CHF m 1HY19 1HY18 % • Base effects from record 2018 and more Net revenue 448.6 477.3 -6.0% challenging operating environment in 2019 with enhanced competitive pressure Operating result (EBIT) 57
Slide 13: Pushing innovation, including software and automation
Sheet Metal Processing Pushing innovation, including software and automation Laser cutting Portfolio expansion • ByStar Fiber up to 12 kW and XXL format BySmart Fiber for Bystronic’s silver segment • New cutting head and beam shaper • BySmart Fiber and new ByTube 130 • Tilt prevention software • Aut
Slide 14: Chemical Specialties – FoamPartner, Schmid Rhyner
Chemical Specialties FoamPartner Schmid Rhyner
Slide 15: Chemical Specialties Business profile FoamPartner & Schmid Rhyner
Chemical Specialties Business profile FoamPartner & Schmid Rhyner Net revenue by business unit1) CHF m, FY Net revenue trend 500 CAGR 23.4% 400 300 Growth across regions driven 14% 200 by Otto Bock Kunststoff acquisition FoamPartner 100 0 Schmid Rhyner 2015 2018 86% Market and position Net revenue b
Slide 16: Improved margin despite volume loss
Chemical Specialties Improved margin despite volume loss CHF m 1HY19 1HY18 % Operational performance Net revenue 181.4 202.8 -10.5% • Continuously adverse revenue trend (-8.8% Operating result in Q3) across market segments and regions 8.6 9.2 -6.4% (EBIT) • Challenging automotive and comfort markets
Slide 17: FoamPartner (1/2) Operational progress and push of innovation
FoamPartner (1/2) Operational progress and push of innovation 3M Service Award for New converting center polishing pads (Specialties) (Duderstadt site; opening 2020) • As per HY, adverse impact from volume loss mitigated by lower raw material costs with net impact at EBIT level of CHF ~0.8 m − FP av
Slide 18: FoamPartner 2/2 ~50% of sales in Chemical Specialties from automotive
FoamPartner 2/2 ~50% of sales in Chemical Specialties from automotive Automotive Rolls Transformational industry challenges Leading position with high-quality flexible foam rolls used in vehicle • New trade barriers with impact on supply chains interiors (headliners, door panels, • Ambitious emissio
Slide 19: Outdoor – Mammut
MAMMUT SWISS1862 Outdoor Mammut
Slide 20: Outdoor Business profile Mammut
Outdoor Business profile Mammut CHF m, FY Net revenue by region1) Net revenue trend 250 200 CAGR 4.1% Other Elimination of low margin 150 22% markets Europe 100 corporate and discount sales Americas 50 DACH 11% 67% 0 region Asia and Other 2015 2018 Market and position Net revenue by product category
Slide 21: Outdoor: Drive growth for further margin recovery
Outdoor Drive growth for further margin recovery CHF m 1HY19 1HY18 % Operational performance Net revenue 117.9 111.1 6.2% • 9M YTD revenue performance of +1.9% reflects Operating result notable “glitch” in Q3 (-4.7%) -5.3 -6.4 17.7% (EBIT) • With measures taken to improve delivery performance, expec
Slide 22: 5 year strategy program – progress update
Outdoor 5 year strategy program – progress update Progress update 1H 2019 • Continued to develop digital business, opened new own web shops in France and Norway and started cooperation I Grow in Multichannel Management & Digitalization with additional marketplaces • Further optimized MBS network, no
Slide 23: Priorities & outlook for 2019
Priorities & outlook for 2019 Outperform markets for leading positions • Differentiated steering of a diverse business portfolio. Group priorities remain: Market orientation, business excellence, people development, internationalization Demonstrate resilience in 2019 • Continuous investments in inno
Slide 24: Thank you very much for your interest.
Thank you very much for your interest. Ticker symbols Valor 24401750 ISIN CH0244017502 Conzzeta Management AG Phone +41 44 468 24 44 SIX Swiss Exchange CON Giesshuebelstrasse 45 www.conzzeta.com Reuters CONC.S 8045 Zurich, Switzerland Bloomberg CON:SW
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