Slide 1: Half-year conference 2017
August 2017 | | Half-year conference 2017 Excellence in Connectivity Solutions Half-year conference 2017 22 August 2017 | Media and analysts conference Seite 1
Slide 2: Mixed picture for the first half-year 2017
August 2017 | | Half-year conference 2017 Agenda Overview of 1st half-year 2017 Urs Ryffel (CEO) Financial results Ivo Wechsler (CFO) Outlook Urs Ryffel (CEO) Questions Technology trends 2020 in growth markets Focus topic Autonomous driving Alexander Post (Market Manager Automotive) Focus topic Mobi
Slide 3: Figures at a glance
August 2017 | | Half-year conference 2017 Overview 1st half-year 2017 Figures at a glance CHF million H1/17 H1/16* Δ% Order intake 425.1 388.4 +9.5 Net sales 410.7 381.2 +7.7 Operating profit (EBIT) 32.8 41.9 -21.8 • as % of net sales 8.0 11.0 Net income 23.9 33.0 -27.5 • as % of net sales 5.8 8.6 *
Slide 4: Net sales development in divisions
August 2017 | | Half-year conference 2017 Overview 1st half-year 2017 Net sales development in divisions Organic growth +5.2 % compared to very strong previous year period 250 200 186.4 157.7 150 118.1 110.3 113.2 106.2 100 50 H1/2016 0 H1/2017 Radio Frequency Fiber Optics Low Frequency Excellence i
Slide 5: Fiber Optics and Low Frequency divisions
August 2017 | | Half-year conference 2017 Overview 1st half-year 2017 Fiber Optics Very dynamic growth in net sales – increased margin pressure CHF million Key aspects H1/17 H1/16* Δ% • Excelled strong previous year period again Order intake 181.7 170.2 +6.7 • Upgrade of mobile radio networks to LTE
Slide 6: Net sales by markets and by region
August 2017 | | Half-year conference 2017 Overview 1st half-year 2017 Net sales by markets: Communication and Industrial with significant plus – Transportation again negative, trend reversal foreseeable CHF million 250 +15% 200 22% 150 -4% H1/2017 54% 100 +7% 24% 50 Communication H1/2016 Transportat
Slide 7: Change of accounting standard from IFRS to Swiss GAAP FER
August 2017 | | Half-year conference 2017 Agenda Overview of 1st half-year 2017 Urs Ryffel (CEO) Financial results Ivo Wechsler (CFO) Outlook Urs Ryffel (CEO) Questions Technology trends 2020 in growth markets Focus topic Autonomous driving Alexander Post (Market Manager Automotive) Focus topic Mobi
Slide 8: Half-year development and factors impacting top line
August 2017 | | Half-year conference 2017 Financial results Half-year development: significant increase in order intake and net sales – EBIT margin at 8.0% CHF million 450 14% 425 411 400 388 381 12% 358 356 350 11.0% 10% 300 8% 7.8% 8.0% 250 6% 200 4% 150 2% Order intake Net sales 100 0% EBIT margi
Slide 9: Net sales by division and gross margin
August 2017 | | Half-year conference 2017 Financial results Net sales development in divisions +7.0% +18.2% -6.2% reported CHF million +8.2% +11.9% -7.1% organic 200 186.4 157.7 150 118.1 110.3 113.2 106.2 100 50 H1/2016 H1/2017 0 Radio Frequency Fiber Optics Low Frequency Excellence in Connectivity
Slide 10: Operating expenses and factors impacting EBIT
August 2017 | | Half-year conference 2017 Financial results Development operating expenses CHF million 150 28.6% 30% 26.6% 27.0% 100 20% 50 10% Operating expenses 101 102 111 0 0% in % of net sales H1/16* H2/16* H1/17 *Swiss GAAP FER restated Excellence in Connectivity Solutions 22 August 2017 | Med
Slide 11: EBIT per division and neutral financial result
August 2017 | | Half-year conference 2017 Financial results EBIT per division CHF million H1/17 in % H1/16* in % Radio Frequency 15.5 13.1 15.4 13.9 Fiber Optics 16.2 8.7 22.6 14.3 Low Frequency 0.5 0.4 7.0 6.2 Corporate 0.6 (3.0) Total EBIT 32.8 8.0 41.9 11.0 *Swiss GAAP FER restated Excellence in
Slide 12: Group tax rate and factors impacting net income
August 2017 | | Half-year conference 2017 Financial results Stable Group tax rate 30% 26.8% 26.4% 25.8% 25.9% 25% 20% 15% 10% 5% Expected tax rate Effective tax rate 0% H1/16* H1/17 *Swiss GAAP FER restated Excellence in Connectivity Solutions 22 August 2017 | Media and analysts conference 23 Financ
Slide 13: Investments in growth initiatives and balance sheet
August 2017 | | Half-year conference 2017 Financial results High investments in strategic growth initiatives CHF million 20 6% 5.3% 5% 4.4% 4% 3.5% 10 3% 2% 1% PP&E and intangible assets 13.3 18.9 18.1 0 0% in % of net sales H1/16 H2/16 H1/17 Excellence in Connectivity Solutions 22 August 2017 | Med
Slide 14: Free operating cash flow and financial assessment H1/17
August 2017 | | Half-year conference 2017 Financial results Positive free operating cash flow CHF million H1/17 H1/16* Cash flow from operating activities 23.1 36.2 Cash flow from investing activities (14.1) (37.9) Free operating cash flow 8.9 (1.7) Dividend payment (24.3) (19.5) Change in treasury
Slide 15: Conclusion 1st half year 2017
August 2017 | | Half-year conference 2017 Agenda Overview of 1st half-year 2017 Urs Ryffel (CEO) Financial results Ivo Wechsler (CFO) Outlook Urs Ryffel (CEO) Questions Technology trends 2020 in growth markets Focus topic Autonomous driving Alexander Post (Market Manager Automotive) Focus topic Mobi
Slide 16: Milestones and 3x3 strategy
August 2017 | | Half-year conference 2017 Outlook Conclusion 1st half year 2017 Milestones Communication - Polatis Transportation - Successful expansion of Automotive the production capacity for CLEPA (European optical switches due to the Association of Automotive doubling of demand Suppliers) innov
Slide 17: Our growth drivers
August 2017 | | Half-year conference 2017 Outlook Our growth drivers Communication Appetite for bandwidth Connected Mobility Broadband communication Transportation Increasing mobility and environmental awareness Electromobility Industrial Continuous technology change and innovation Nigh-tech niches
Slide 18: Outlook on markets and full year 2017
August 2017 | | Half-year conference 2017 Outlook Outlook on markets: mid-term trends Communication – LTE roll-outs in price-sensitive emerging countries ongoing – 5G mobile communication as from 2020 – Need for fast internet connections requires further FTTH development – Continuous increase of glo
Slide 19: Agenda: Technology trends 2020 in growth markets
August 2017 | | Half-year conference 2017 Agenda Overview of 1st half-year 2017 Urs Ryffel (CEO) Financial results Ivo Wechsler (CFO) Outlook Urs Ryffel (CEO) Questions Technology trends 2020 in growth markets Focus topic Autonomous driving Alexander Post (Market Manager Automotive) Focus topic Mobi
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