Bystronic Ag · SIX:BYS
Bystronic — Conzzeta — Credit Suisse Swiss Equities Mid Cap Conference 2018
32 slides from Bystronic's conference presentation, Nov 15, 2018
Slide 1: Investor Presentation
Investor Presentation Michael Willome, Group CEO Credit Suisse Swiss Equities Mid Cap Conference Zurich, November 15, 2018
Slide 2: Content
Content • Group overview & priorities Page 3 • Financial trend & outlook 2018 Page 10 • Segment updates – Sheet Metal Processing: Bystronic – Chemical Specialties: FoamPartner and Schmid Rhyner Page 14 – Sporting Goods: Mammut – Glass Processing: Bystronic glass Zurich, November 15, 2018 | Credit Su
Slide 3: Conzzeta portfolio overview
Conzzeta portfolio overview Striving for leading positions in attractive target markets >5’000 people Net revenue 119.3 m CHF 1’482.8 m 856.1 m Solutions for architectural & Cutting, bending, automation – automotive flat glass solutions 8% innovative machinery 58% construction 15% 228.6 m Premium ou
Slide 4: Differentiated business steering
Differentiated business steering With focus on market orientation and value creation Swiss mid cap industrial portfolio with entrepreneurial anchor shareholders operating in attractive global markets with focus on value creation and dividend. Financial aspiration Net sales growth >5% EBIT margin 8-1
Slide 5: Consistent strategy execution
Consistent strategy execution Enhanced revenue contribution from defined growth segments Grow Sheet Metal 2015 2017 Processing revenue split revenue split by segment pro forma1) Grow ~54% Chemical 50% 18% ~24% Specialties Build Sporting Goods Improve Glass YE 2015 YE 2016 YE 2017 YE 2018 Processing
Slide 6: Conzzeta Leadership model
Conzzeta Leadership model Competencies Priorities Financial Targets Strategic Thinking Entrepreneurship Market orientation Internationalization Growth Innovation Collaboration and Diversity Profitability Performance Orientation Drive for Excellence People Development Business Excellence Capital Effi
Slide 7: Internationalization & Market Orientation
Internationalization & Market Orientation Net revenue in Asia +95.5% vs YE2015 Conzzeta Innovative portfolio of products & solutions – Net revenue by region in CHF m strengthening footprint in growth regions Group +31.7% Group Priorities 1'482.8 1. Market orientation 1'210.1 2. Business excellence 1
Slide 8: People Development & Business Excellence
People Development & Business Excellence Enhanced strategic and operational capabilities Group-wide Talent Development Program Launched in 2017; by now, 33 participants delivered 18 specific projects with measurables contribution and benefits under „rapid results approach“ Introduction of Global Man
Slide 9: Content
Content • Group overview & priorities Page 3 • Financial trend & outlook 2018 Page 10 • Segment updates – Sheet Metal Processing: Bystronic – Chemical Specialties: FoamPartner and Schmid Rhyner Page 14 – Sporting Goods: Mammut – Glass Processing: Bystronic glass Zurich, November 15, 2018 | Credit Su
Slide 10: Results summary 1HY 2018
Results summary 1HY 2018 Overall strong business trend Especially strong across segments at the beginning of the year Net revenue CHF 853.3 m, +36.8%; comparable1) +19.7% Double-digit growth across all regions and segments, with benefits from M&A Operating result (EBIT) CHF 66.3 m, + 72.9%; EBIT mar
Slide 11: Sales trend 9M 2018
Sales trend 9M 2018 CHF m 9M 2018 9M 2017 % • Growth rates expected slowing down Group with base effect from strong previous Net revenue 1306.5 1010.1 +29.3 year period, as expected • Net revenue with double-digit growth comparable1) +14.0 across segments and regions Order intake for capital goods 8
Slide 12: Outlook 2018
Outlook 2018 Unchanged from 1HY 2018 reporting event • Consistent strategy execution with long-term perspective • Group priorities remain unchanged 1. Market orientation 2. Business excellence 3. People development 4. Internationalization • Improvements of operating results in Chemical Specialties,
Slide 13: Content
Content • Group overview & priorities Page 3 • Financial trend & outlook 2018 Page 10 • Segment updates – Sheet Metal Processing: Bystronic – Chemical Specialties: FoamPartner and Schmid Rhyner Page 14 – Sporting Goods: Mammut – Glass Processing: Bystronic glass Zurich, November 15, 2018 | Credit Su
Slide 14: Sheet Metal Processing Bystronic
Sheet Metal Processing Bystronic Zurich, November 15, 2018 | Credit Suisse, Swiss Equities Mid Cap Conference 14
Slide 15: Sheet Metal Processing Business profile Bystronic
Sheet Metal Processing Business profile Bystronic CHF m, FY Net revenue by region1) 1000 Net revenue trend 750 CAGR 22.7% 500 Europe 250 Organic growth across regions; 32% Americas acquisitive mainly in Asia 48% 0 Asia / Pacific 2015 2017 20% Market and position • Technology leadership position, in
Slide 16: Sheet Metal Processing Very strong momentum
Sheet Metal Processing Very strong momentum CHF m 1HY18 1HY17 ∆ Operational performance Net revenue 477.3 364.9 +30.8% • First-time consolidation of TTM Laser; Operating result comparable net revenue +25.7% 62.6 39.9 +57.0% (EBIT) • Continued double-digit growth rates across regions EBIT margin 12.5
Slide 17: Ongoing investments
Ongoing investments To realize opportunities from fundamental market trends Aspiration Segmentation Markets • Deliver targeted client offerings with an holistic life-cycle management Top line Europe Performance line Americas • Drive innovation, also to be the trusted Entry line Asia partner for inte
Slide 18: Chemical Specialties FoamPartner Schmid Rhyner
Chemical Specialties FoamPartner Schmid Rhyner Zurich, November 15, 2018 | Credit Suisse, Swiss Equities Mid Cap Conference 18
Slide 19: Chemical Specialties Business profile FoamPartner & Schmid Rhyner
Chemical Specialties Business profile FoamPartner & Schmid Rhyner CHF m, FY Net revenue by business unit1) 300 Net revenue trend 200 CAGR 17.0% 14% FoamPartner 100 Growth across regions driven by Schmid Rhyner 0 Otto Bock Kunststoff acquisition 2015 2017 86% Market and position • FoamPartner Leader
Slide 20: Chemical Specialties Continued margin pressure from raw material costs
Chemical Specialties Continued margin pressure from raw material costs CHF m 1HY18 1HY17 ∆ Operational performance Net revenue 202.8 114.2 +77.6% • Comparable net revenue +3.8% Operating result • Integration Otto Bock Kunststoff on track; (EBIT) 9.2 9.9 -7.4% consolidated as of Sep 1, 2017 EBIT marg
Slide 21: Chemical Specialties Performance trend driven by FoamPartner
Chemical Specialties Performance trend driven by FoamPartner Acquisition of Otto Bock Kunststoff as part 250 12% 1. 1. of Conzzeta’s growth strategy for Chemical 200 10% Specialties; largest ever M&A transaction of 8% Conzzeta, almost doubling business volume 150 2. of FoamPartner Business Unit 6% 1
Slide 22: "NEW" FoamPartner
„NEW“ FoamPartner Driving economies of scale from enlarged platform M&A Business optimization • Business (incl. pricing) excellence Transformational upscaling • Innovation / application development ✓ Acquired Otto Bock Kunststoff • Fix challenges in the US and China ✓ Appointed new management team •
Slide 23: "NEW" FoamPartner team
„NEW“ FoamPartner team Has finalized it‘s mission & strategy Mission Strengthen position as a globally operating player with focus on attractive strategic segments (Specialties, Living & Care, Mobility) and leading application development capabilities, supported by efficient global operations with c
Slide 24: Sporting Goods Mammut
Sporting Goods Mammut Zurich, November 15, 2018 | Credit Suisse, Swiss Equities Mid Cap Conference 24
Slide 25: Sporting Goods Business profile Mammut
Sporting Goods Business profile Mammut CHF m, FY 250 Net revenue trend Net revenue by region1) 200 150 CAGR -1.4% 22% Europe 100 52.1% 48.6% Elimination of low margin sales 50 Americas and reduced footprint exposure 9% 0 69% Asia / Pacific 2015 2017 in DACH region DACH region Market and position • F
Slide 26: Sporting Goods With improved performance
Sporting Goods With improved performance CHF m 1HY18 1HY17 ∆ Operational performance Net revenue 111.1 94.9 +17.0% • Comparable net revenue +14.2% Operating result • Double-digit growth in Europe & Asia driven -6.4 -9.9 +35.2% (EBIT) by successful product launches and dynamic direct EBIT margin -5.8
Slide 27: Strategy program overview
Strategy program overview Building retail capabilities & wholesale excellence as response to competitive pressure and change in client behavior Multichannel Management & Digitalization Consistent, ▪ Deepening relationships with selected wholesale partners steady I ▪ Strengthening and enhancing direc
Slide 28: Glass Processing Bystronic glass
Glass Processing Bystronic glass Zurich, November 15, 2018 | Credit Suisse, Swiss Equities Mid Cap Conference 28
Slide 29: Glass Processing Business profile Bystronic glass
Glass Processing Business profile Bystronic glass CHF m, FY Net revenue by region1) 125 Net revenue trend 100 CAGR 0.3% 75 Europe 50 Growth in Asia offset 34% 43% 25 by slow down in Americas Americas 2015 2017 Asia / Pacific 23% Market and position • Solutions and services for the processing X Net r
Slide 30: Bystronic glass Good momentum from 2HY 2017 carried into 1HY 2018
Bystronic glass Good momentum from 2HY 2017 carried into 1HY 2018 CHF m 1HY18 1HY17 ∆ Operational performance Net revenue 62.4 49.7 25.6% • Comparable net revenue +22.7% Operating result • Good momentum from 2HY 2017 carried into 1HY 2018, (EBIT) 2.9 1.8 +63.3% benefitting from large client projects
Slide 31: Bystronic glass Adjusting organization to better meet client demand
Bystronic glass Adjusting organization to better meet client demand Market drivers and market structure Value proposition • Increasing requirements in regard to energy efficiency • Focus on customers productivity in the processing and noise reduction of flat glass through holistic systems approach •
Slide 32: Thank you very much for your time!
Thank you very much for your time! Conzzeta AG www.conzzeta.com Giesshuebelstrasse 45 Phone +41 44 468 24 44 8045 Zurich, Switzerland investor@conzzeta.com
Conzzeta — Credit Suisse Swiss Equities Mid Cap Conference 2018 on 6ix