Carlo Gavazzi Holding Ag · SIX:GAV
Carlo Gavazzi — Investor Day (June 2017)
27 slides from Carlo Gavazzi's investor day presentation, Jun 22, 2017
Slide 1: Carlo Gavazzi Holding AG – Media and Financial Analysts Meeting 2017
Media and Financial Analysts Meeting 2017 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2017 June 22, 2017
Slide 2: Agenda for Today
Media and Financial Analysts Meeting 2017 AGENDA FOR TODAY WELCOME & OVERVIEW Valeria Gavazzi AUTOMATION COMPONENTS Vittorio Rossi FINANCIAL HIGHLIGHTS Anthony Goldstein Q&A
Slide 3: Welcome
Media and Financial Analysts Meeting 2017 Welcome Valeria Gavazzi Chairman
Slide 4: General Overview – Key Figures
General Overview – Key Figures Key figures CHF million ∆ Bookings 137.7 +6.5% Operating revenue 135.4 +4.0%
Slide 5: General Overview – Key Figures
General Overview – Key Figures Key figures CHF million of sales Gross profit 74.7 55.1% EBIT 16.7 12.4% Net income 13.4 9.9%
Slide 6: Challenges and Opportunities in 2016/17
Challenges and Opportunities in 2016 / 17 Global economy gaining momentum + Growth opportunities, particularly outside Europe + Volatile currency environment - Ongoing demand for energy management solutions + Industry 4.0 as a key driver of innovation +
Slide 7: General Overview - Markets and Products
General Overview - Markets and Products Controls above last year – positive contribution from energy management products Sensors back to growth – supported by sold sales of photoelectric sensors Switches, driven by demand for specific soft starters Continued investments to enhance and improv
Slide 8: Dividend Pay-out
Dividend Pay-out 2017 2016 Ordinary dividend - Bearer share CHF 15.00 CHF 12.00 - Registered share CHF 3.00 CHF 2.40
Slide 9: Automation Components
Media and Financial Analysts Meeting 2017 Automation Components Vittorio Rossi CEO
Slide 10: 2016/17 Revenue Distribution by Region
2016/17 Revenue Distribution by Region Asia 14% (14%) North America EMEA 20% (19%) 66% (67%)
Slide 11: General Overview - Geography
General Overview - Geography Revenues Europe: +3.1% (+0.8% ) North America: +5.9% (+2.7%) Asia-Pacific: +5.1% (-9.1%) Business development focus Dedicated programs with distributors in North America Deployment of business development programs in China Exploit both direct sales presen
Slide 12: 2016/17 Revenue by Product Line
2016/17 Revenue by Product Line Others 8% (7%) Fieldbuses Sensors 5% (5%) 25% (26%) Electro-Mechanical Switching 6% (8%) Solid-State Switching 25% (23%) Controls 31% (31%)
Slide 13: Automation Components Product Innovation (1/4)
Automation Components Product Innovation (1/4) Hadsten, Denmark: Sensors devices Belluno, Italy Monitoring relays, fieldbus, R&D energy management Competence Centers Zejtun, Malta Solid-state switching devices and motor controllers New products & current offering update Focus Energy saving
Slide 14: EM 340 series Energy Analyzer
Automation Components Product Innovation (2/4) Energy analyzer EM 340 series
Slide 15: PD30 series Photoelectric Sensors
Automation Components Product Innovation (3/4) Photoelectric sensors PD30 series
Slide 16: RSBT series Modbus Soft Starter
Automation Components Product Innovation (4/4) Modbus soft starter RSBT series
Slide 17: Outlook
Outlook • Economy gaining momentum, particularly in developing countries • Improved scenario also for the industrialized countries • Interesting growth opportunities in major markets, particularly outside Europe • Continued strengthening of product portfolio • Focus on geographical coverage by … imp
Slide 18: Financial Highlights 2016/17
Media and Financial Analysts Meeting 2017 Financial Highlights 2016/17 Anthony M. Goldstein Chief Financial Officer
Slide 19: Income Statement
Income Statement (in CHF million) 2016/17 2015/16 Change Bookings 137.7 129.3 + 6.5 % Operating revenue 135.4 130.2 + 4.0 % Gross profit 74.7 72.2 + 3.5 % in % of revenue 55.1 % 55.5 % Net financial income (exp.), net 0.2 (0.7) EBITDA 20.0 17.6 + 13.6 % EBIT 16.7 14.4 + 16.0 % in % of revenue 12
Slide 20: Analysis of net income
Analysis of net income (in CHF million) 2016/17 2015/16 Net income 13.4 9.6 Less exchange gain (0.2) - Add exchange loss - 0.7 Less arbitration proceeds (2.4) - Adjusted net income 10.8 10.3
Slide 21: Balance Sheet
Balance Sheet (at March 31, in CHF million) 2017 2016 Δ CHF Current assets 105.5 100.8 + 4.7 whereof cash 49.1 46.7 + 2.4 Non-current assets 23.7 24.6 - 0.9 whereof goodwill 6.2 6.3 -0.1 Liabilities 34.1 34.0 + 0.1 whereof interest-bearing 0.1 0.2 - 0.1 Shareholders’ equity 95.2 91.4 + 3.8 e
Slide 22: Shareholders' Equity
Shareholders’ Equity (in CHF million) 2017 2016 Shareholders’ equity at the beginning of the reporting period 91.4 88.5 equity ratio 72.9 % 73.2 % Net income 13.4 9.6 Currency impact -1.3 + 1.6 Dividends - 8.5 - 8.5 Other + 0.2 + 0.2 Shareholders’ equity at March 31 95.2 91.4 equity ratio 73.6 %
Slide 23: Cash Flow Summary
Cash Flow Summary (in CHF million) 2016/17 2015/16 Cash flow from operating activities +14.3 +13.3 Cash flow from investing activities - 2.8 - 3.8 Cash flow from financing activities - 8.6 - 9.1 Change in cash and cash equivalents + 2.9 +0.4
Slide 24: Net Cash Position
Net Cash Position net cash position CHF million 54 52 50 48 46 net cash position 44 42 40 2012/13 2013/14 2014/15 2015/16 2016/17
Slide 25: Share Price Development 1.4.2016 – 31.3.2017
Share Price Development 1.4.2016 – 31.3.2017 320 Carlo Gavazzi Bearer Share 300 SPI Extra Rebased 280 260 240 220 200 180 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Slide 26: Share Price over 5 Years
120 160 200 240 280 320 340 360 380 400 100 140 180 220 260 300 I Apr May Jun Jul Aug Sep Oct Nov Dec 2012/13 Jan Feb Mar I Apr May Jun Jul Aug Sep Oct Nov 2013/14 Dec Jan Feb Mar I Apr May Jun Jul Aug Share Price over 5 Years Sep Oct Nov Dec 2014/15 Jan Feb SPI Extra Rebased Mar I Apr May Carlo Gav
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