Forbo Holding AG · SIX:FORN
Forbo — Investor Presentation (2011)
45 slides from Forbo's investor presentation, Dec 15, 2011
Slide 1: The Forbo Group – Company presentation 2011
The Forbo Group Company presentation 2011 – The interface with daily life flooring. bonding. movement.
Slide 2: The Forbo Group
The Forbo Group
Slide 3: The Forbo Group
The Forbo Group A global leader in flooring, bonding and movement systems. About 6,000 employees worldwide International network of 41 sites with production and distribution, as well as 47 pure sales organizations In a total of 35 countries worldwide CHF 1,789.7 million net sales in 2010 CHF 163.3 m
Slide 4: Milestones From 1928 to the present
Milestones From 1928 to the present 1928 1973– 1975– 1994– 2000– 2002– 2004– 2007 2008 1974 1994 1998 2001 2003 2006 3 linoleum Adhesives Forbo evolves Acquisition of New strategy Adhesives gains Strategic focus New branding Acquisition of the manufacturers – activities hived off into a world- Siegl
Slide 5: Net sales 2010 By divisions
Net sales 2010 By divisions Total CHF 1,789.7 million Movement Systems 18.5% CHF 331.1 million 48.8% Flooring Systems CHF 873.9 million Bonding Systems 32.7% CHF 584.7 million
Slide 6: Net sales 2010 By geographic areas
Net sales 2010 By geographic areas 13.3% 23.5% 63.2% Europe CHF 1,131.5 million Americas CHF 420.2 million Asia, Australia, Africa CHF 238.0 million
Slide 7: Financial overview 2010 Forbo Group
Financial overview 2010 Forbo Group 2010 2009 CHF million CHF million Net sales 1,789.7 1,782.4 Operating profit (EBIT) 185.9 121.8 EBIT margin 10.4% 6.8% Group profit 163.3 76.1 Equity ratio 48.8% 38.9%
Slide 8: Financial overview Forbo Group half-year 2011
Financial overview Forbo Group half-year 2011 2011 half-year 2010 half-year CHF million CHF million Net sales 880.6 918.8 Operating profit (EBIT) 75.5 83.9 EBIT margin 8.6% 9.1% Group profit 74.6 90.9 Equity ratio 51.9% 41.4%
Slide 9: Employees
Employees About 6,000 employees worldwide 790 Europe 880 4,273 Americas Asia Pacific, Africa
Slide 10: Executive board
Executive board This E. Schneider Delegate of the Board of Directors and CEO Tom Kaiser Jens Schneider Michel Riva Matthias P. Huenerwadel Jörg Riboni Daniel Keist Chief Operational Officer Executive Vice President Executive Vice President Executive Vice President Chief Financial Officer Head Corpor
Slide 11: Three divisions with worldwide presence
Flooring Systems Bonding Systems Movement Systems Three divisions with worldwide presence
Slide 12: Flooring Systems
Flooring Systems creating better environments
Slide 13: Flooring Systems – creating better environments
Flooring Systems creating better environments A leading global player in high-quality, commercial and resilient floor coverings World leader in linoleum with a market share of over 65% – environmentally friendly, functional and design-oriented linoleum – high-quality project vinyls for commercial ap
Slide 14: Business segments Commercial
Business segments Commercial Education Offices and Medical and Care Retail and Leisure Public Buildings Thanks to their excellent attributes and attractive designs, our floor coverings are invariably the first choice for schools, hospitals, commercial offices, public buildings and retail stores.
Slide 15: Business segments Commercial
Business segments Commercial Furniture Surfacing Transport Sports Industry Outstanding technical specifications coupled with attractive designs make us the flooring partner of choice for a wide range of demanding applications like furniture coverings but also for the transportation and industry segm
Slide 16: Business segments Residential
Business segments Residential Linoleum and Cushion Vinyl Our floors are essential to the way people experience quality of life. With our strong brands Novilon, Novilux and Marmoleum we offer modern, high-quality versatile floors for the home environment.
Slide 17: Product range Forbo Flooring Systems
Product range Forbo Flooring Systems Linoleum Project vinyl Flocked Cushion Carpet tiles Entrance matt- Needle felt flooring vinyl ing systems Forbo is world A complete A unique Leading the For Take care of Textile floor leader in linoleum range including durable cushion vinyl demanding cleaning and
Slide 18: 12 manufacturing sites in 6 countries
12 manufacturing sites in 6 countries Offices in over 20 countries Sales offices in Europe, Ripley North America and Asia Telford Cortonwood Bamber Bridge United Kingdom Kirkcaldy Scotland Assendelft Krommenie Coevorden Netherlands Reims Château-Renault France Giubiasco Switzerland Kaluga Russia
Slide 19: Key figures 2010
Key figures 2010 Net sales CHF 873.9 million EBIT CHF 134.7 million EBIT margin 15.4% Employees 2,738 (FTEs) Entities 30
Slide 20: Key figures – half-year 2011
Key figures – half-year 2011 Net sales CHF 418.3 million EBIT CHF 50.2 million EBIT margin 12.0% Employees 2,771 (FTEs) Entities 30
Slide 21: Why people choose Flooring Systems
Flooring Systems Why people choose Flooring Systems – Widest sustainable product offer in the world – Total solutions for every building from “entrance to back door” – Special solutions for high-tech and specialist environments – Superior designs in floor products for commercial and residential appl
Slide 22: Bonding Systems
Bonding Systems creating lasting connections
Slide 23: Bonding Systems – creating lasting connections
Bonding Systems creating lasting connections Among the worldwide suppliers of industrial adhesives and building and construction adhesives Industrial adhesives for key industries such as – transportation – packaging, converting and graphic arts – footwear, leather and textile – woodworking, furnitur
Slide 24: Industrial Adhesives Business segments
Industrial Adhesives Business segments Woodworking, Textile Transportation Packaging, Footwear Furniture and Converting and and Leather Upholstery Graphic Arts Edge bonding Woven and non-woven Interior trim Bookbinding & magazines Shoes Profile wrapping textiles for outdoor Automotive components: La
Slide 25: Industrial Adhesives Product range
Industrial Adhesives Product range Solvent-based Water-based Hot melt Reaction Others Adhesives Adhesives Adhesives Adhesives Shoe and Dispersions/emulsions Thermoplastic hot One-component Sealants leather industry for: melts for packaging systems industry (six pack) Primers Automotive industry – in
Slide 26: Building and Construction Business segments
Building and Construction Business segments Flooring Ceramic Tile Parquetry Leveling Primers and Adhesives Adhesives and Adhesives Compounds Moisture Barriers Grouts Non-flammable In- and outdoor use Non-flammable Self-smoothing User friendly Easy to apply Super elastic Easy to apply Low-tension Non
Slide 27: Synthetic Polymers
Synthetic Polymers Semi-finished products used by formulators as bases for water-based adhesives: Vinyl acetate homopolymers, Vinyl acetate ethylene (VAE), Copolymer emulsions, Formulated (ready to use) textile coating products, Elvace VAE copolymer emulsions Used by formulators or compounders from
Slide 28: 20 manufacturing sites in 12 countries
20 manufacturing sites in 12 countries Offices in over 20 countries St. John Canada Seneca, IL Jackson, TN Dallas, TX Kansas City, KS Morris, IL Eugene, OR Blois Pianezze USA Surbourg Italy France Lamia Espoo Finland Erfurt Greece Pirmasens Stary Oskol Chatteris Germany United Kindom Russia Vigo Gua
Slide 29: Key figures 2010
Key figures 2010 Net sales CHF 584.7 million EBIT CHF 37.7 million EBIT margin 6.4% Employees 1,384 (FTEs) Entities 24
Slide 30: Key figures – half-year 2011
Key figures – half-year 2011 Net sales CHF 302.6 million EBIT CHF 17.5 million EBIT margin 5.8% Employees 1,398 (FTEs) Entities 24
Slide 31: Why people choose Bonding Systems
Bonding Systems Why people choose Bonding Systems – A global presence: close to customers with 20 production sites and 4 main technical centers (US, Europe and China) – Customer orientation: organized to provide customers with a high level of flexibility and reactivity – A broad product range: all i
Slide 32: Movement Systems
Movement Systems Siegling – total belting solutions
Slide 33: Movement Systems – Siegling total belting solutions
Movement Systems Siegling – total belting solutions Among the three leading suppliers worldwide
Slide 34: Industries and applications Forbo Movement Systems
Industries and applications Forbo Movement Systems Food Paper and Industrial Production Raw Materials Paper Printing There is hardly a production process or link in the supply chain that doesn’t use synthetic belts.
Slide 35: Industries and applications Forbo Movement Systems
Industries and applications Forbo Movement Systems Logistics Tobacco Sports Textile We are connecting flows of goods and people; in factories, supermarkets, bakeries and airports, at postal hubs and printworks.
Slide 36: Product range Forbo Movement Systems
Product range Forbo Movement Systems Transilon Extremultus Prolink Proposition For speeding the flow Optimized for A useful supplement to In modern power of goods and for numerous operations. conventional conveyor transmission and handling economical Have proved belts in many technology our timing p
Slide 37: 9 manufacturing sites in 8 countries
9 manufacturing sites in 8 countries Offices in over 25 countries 300 sales and service points worldwide Huntersville NC Charlotte NC USA Itapevi Brazil Lunderskov Denmark Tlalnepantla Mexico Hanover Fukuroi Germany Japan Wallbach Shenyang Switzerland China
Slide 38: Key figures 2010
Key figures 2010 Net sales CHF 331.1 million EBIT CHF 25.5 million EBIT margin 7.7% Employees 1,780 (FTEs) Entities 28
Slide 39: Key figures – half-year 2011
Key figures – half-year 2011 Net sales CHF 159.7 million EBIT CHF 15.2 million EBIT margin 9.5% Employees 1,830 (FTEs) Entities 28
Slide 40: Why people choose Movement Systems
Movement Systems Why people choose Movement Systems – Worldwide 24 hour service – On-site service with local Forbo personnel and warehouses for the products required by the market – Local production and fabrication on all continents (flexible, market-oriented) – Product type diversity in first-class
Slide 41: Responsibility and sustainability
Responsibility and sustainability Social responsibility and environmental integrity are core values of Forbo: we are committed to protecting the environment and investing in a sustainable future. Through investments in research and development, we are constantly seeking to improve the environmental
Slide 42: Accountability and transparency
Accountability and transparency Our manufacturing operations have environmental management systems certified under ISO and other international standards. Raw materials and energy are used efficiently; waste is recycled wherever possible. Our state-of-the-art installations are designed to reduce the
Slide 43: Health and safety
Healthy and safety As a responsible manufacturer and employer, Forbo has always complied with health, safety, environmental, and quality standards as a part of our business policy. And we have often been the forerunners in our industries, setting standards and then going several steps beyond. As a r
Slide 44: Education and innovation
Education and innovation Growth does not just mean enlargement – it’s also getting better. Better at deploying the potential of our employees, our resources and meeting the requirements of our fast- changing world. Therefore we need the talents of our employees. To enable excellence, we encourage se
Slide 45: As a global leader in flooring, bonding and movement systems
As a global leader in flooring, bonding and movement systems, Forbo creates better solutions for its customers and more rewarding perspectives for all its stakeholders. flooring. bonding. movement.