Slide 1: Annual Media Conference 2023
COME Annual Media Conference 2023
Slide 2: 2022 Financial Year
Zurich, 1 March 2023 2022 Financial Year Andreas Müller, CEO | Mads Joergensen, CFO © GF 2021
Slide 3: High demand for sustainable solutions – strong results with all-time high EBIT margin 9.8%
GF Corporation High demand for sustainable solutions – strong results with all-time high EBIT margin 9.8% Order intake +4.2% (organically +10.3%) at CHF 4.2 billion Sales increased by 7.4% (organically +13.5%) to CHF 4.0 billion Operating result (EBIT) increased by 41% to CHF 391 million – all
Slide 4: Strong organic sales growth in all three divisions
GF Corporation Strong organic sales growth in all three divisions (Sales in CHF million) Organic +13.5% +13.3% 3'998 3′722 2′160 1′971 3′184 1′708 +17.2% +10.9% 880 892 948 873 752 725 2020 2021 2022 2020 2021 2022 2020 2021 2022 2020 2021 2022 GF Corporation GF Piping Systems GF Casting Solutions G
Slide 5: All-time high EBIT, all three divisions with significant increases
GF Corporation All-time high EBIT, all three divisions with significant increases (EBIT margin in %) Strategic objectives 2025 Before one-offs 13~15% 12.5 11.3 13.5 9~11% 9~11% 8~10% 7.5 9.8 5.8 6.2 5.4 7.0 5.2 2.8 0.5 -2.0 2020 2021 2022 2020 2021 2022 2020 2021 2022 2020 2021 2022 -4.5 GF Corporat
Slide 6: Significant organic growth in the Americas and Europe, Asia growing with a resilient China
GF Corporation Significant organic growth in the Americas and Europe, Asia growing with a resilient China (CHF million) Europe (43%) Americas (22%) +5% Asia (30%) +15% 11%* 21%* +7% 1′654 1′729 8%* 861 749 1’220 1’139 2021 2022 Rest of world (5%) 2021 2022 2021 2022 +4% 41%* 180 187 *) Organic growt
Slide 7: Important steps achieved on the way to the sustainability targets 2025
GF Corporation Important steps achieved on the way to the sustainability targets 2025 Sales of products with social or CO2e emissions % of newly appointed environmental benefits Scope 1 and 2, 1'000 t women managers % of total sales 2025 target: 25% 80 300 273 70% 70 29% 63% 250 235 231 60% 60 200 5
Slide 8: Reduction targets for greenhouse gases (GHG) successfully validated by SBTi
GF Corporation Reduction targets for greenhouse gases (GHG) successfully validated by SBTi +29% +109% -12% Share of renewable Self generated Energy intensity energy electricity (energy / sales) Increased share of hydro-power and PV – Traisen (Austria) Big solar panel installations – Shenyang (China)
Slide 9: GF Piping Systems with all-time high profitability and strong presence in growth markets
GF Piping Systems GF Piping Systems with all-time high profitability and strong presence in growth markets Sales of CHF 2'160 million (+9.6%), organically +13.3% Operating result at CHF 291 million, all-time high EBIT margin of 13.5% Input price increases successfully passed on to the DIASTAR
Slide 10: Demand for water applications remains high – Top awards from leading semiconductor companies
GF Piping Systems Demand for water applications remains high – Top awards from leading semiconductor companies 2022 Excellent Performance Award to Outstanding Suppliers +20% +32% +19% Chemical process industry Microelectronics and Data Center Water treatment © GF 2021 10 SIX Convention Point, 1 Marc
Slide 11: Strategy 2025 – new sustainable solutions and strengthened footprint in China and South America
GF Piping Systems Strategy 2025 – new sustainable solutions and strengthened footprint in China and South America Yangzhou (China) – production runs at full speed Battery production – Nanjing (China) ELGEF Plus Acquisition of FGS fueling the growth in Latin America Pre-fabrication shops in Taiwan (l
Slide 12: Megatrend: D.L.E. – promising sustainable process to produce lithium
GF Piping Systems Megatrend: D.L.E. – promising sustainable process to produce lithium Megatrend Sustainable energy storage Strong demand for lithium – 3.5 million tons by 2030 Solutions New extraction technologies (D.L.E – Direct Lithium Extraction) with significant reduction of resources & e
Slide 13: Profitability clearly increased, strong lifetime order intake for e-vehicle components
GF Casting Solutions Profitability clearly increased, strong lifetime order intake for e-vehicle components Sales of CHF 892 million (+17.2% organically) Lifetime order intake for e-vehicle components amounts to CHF 566 million Operating result at CHF 55 million, EBIT margin of 6.2% US Joint
Slide 14: E-mobility as future growth driver
GF Casting Solutions E-mobility as future growth driver EV sales globally EV sales GF Lifetime order intake 2022 (HPDC) In million units EV share (HPDC – High Pressure Die Casting) PHEV BEV +27% EV Non-EV 13% 23% % of total car sales 25 21.6 20 4.2 43% 986 CHF 15 10.8 million 57% 10 2.7 17.4 5 8.1 0
Slide 15: Strategy 2025 – new plant in China opened, mega-cast skills further strengthened
GF Casting Solutions Strategy 2025 – new plant in China opened, mega-cast skills further strengthened New plant in Shenyang (China) in full operation Hand-in-hand development with VW IGT – Hydrogen turbines © GF 2021 15 SIX Convention Point, 1 March 2023 | 2022 Financial Year | Annual Media Conferen
Slide 16: Megatrend: High demand for sustainable mobility accelerates development of lightweight mega castings
GF Casting Solutions Megatrend: High demand for sustainable mobility accelerates development of lightweight mega castings Megatrend Sustainable mobility Solutions Vehicles with lightweight design Mega casting part GF solution Large body and structural parts to simplify production process Lig
Slide 17: Solid growth with automated high precision solutions
GF Machining Solutions Solid growth with automated high precision solutions Order intake of CHF 945 million (+2.6% organically) Sales of CHF 948 million +8.7% (+10.9% organically) Operating result at CHF 67 million, EBIT-margin of 7.0% Strong sales in laser texturing and EDM Sales of solut
Slide 18: Strong organic growth in key market segments
GF Machining Solutions Strong organic growth in key market segments +24% +6% >200% Machinery ICT New energy vehicles © GF 2021 18 SIX Convention Point, 1 March 2023 | 2022 Financial Year | Annual Media Conference
Slide 19: Strategy 2025 – digitalization further strengthened, new energy efficient machine tool solutions
GF Machining Solutions Strategy 2025 – digitalization further strengthened, new energy efficient machine tool solutions Econowatt MILL X 400 U Introduction of Energy Efficiency Certificates Digital Twin – process data @ cloud © GF 2021 19 SIX Convention Point, 1 March 2023 | 2022 Financial Year | An
Slide 20: Megatrend: Increase of sales with automated solutions by 30%
GF Machining Solutions Megatrend: Increase of sales with automated solutions by 30% Megatrend Skilled labor shortage Automation to increase efficiency Solution Lights-off factory (24/7) my rConnect Flexible automated precision GF solution Fully integrated machine tools Flexible automatio
Slide 21: Strategy 2025: Values with focus to unleash the full potential of GF
GF Corporation Strategy 2025: Values with focus to unleash the full potential of GF Caring is about Learning is about Performance is about being part of a team having an open mind speed and excellence How can you make it win? What will you change? How can you deliver on it? © GF 2021 21 SIX Conventi
Slide 22: Consolidated financial statements
Consolidated financial statements Mads Joergensen, CFO © GF 2021 22 SIX Convention Point, 1 March 2023 | 2022 Financial Year | Annual Media Conference
Slide 23: Sales per division
GF Corporation Sales per division (CHF million) 2022 2021 ∆% 1)2) growth organic growth GF Piping Systems 2’160 1’971 +9.6% +13.3% GF Casting Solutions 892 880 +1.4% +17.2% GF Machining Solutions 948 873 +8.7% +10.9% GF Corporation 3’998 3’722 +7.4% +13.5% Sales H1 1’971 1’835 +7.4% +11.1% Sales H2
Slide 24: Sales development
GF Corporation Sales development (CHF million) 3′998 3′722 -2.2% +13.5% 491 -82 -3.9% 3′640 9 +0.2% -142 2021 Divestment 2021 adjusted Acquisitions Currencies Organic growth 2022 © GF 2021 24 SIX Convention Point, 1 March 2023 | 2022 Financial Year | Annual Media Conference
Slide 25: Currency effects on sales and EBIT in 2022
GF Corporation Currency effects on sales and EBIT in 2022 (CHF million) Per division Sales EBIT Per currency Rates Sales EBIT 2022 2021 ∆ EUR 1.005 1.081 -7.1% -95 -14 USD 0.955 0.914 +4.5% +50 -10 GF Piping Systems -77 -37 CNY 0.142 0.142 +0.1% -5 -1 GF Casting Solutions -43 -4 TRY 0.058 0.106 -44.
Slide 26: EBIT and EBIT margin per division
GF Corporation EBIT and EBIT margin per division EBIT CHF million EBIT margin % 2022 2021 2022 2021 GF Piping Systems 291 247 13.5% 12.5% GF Casting Solutions 55 5 6.2% 0.5% GF Machining Solutions 67 47 7.0% 5.4% GF Corporation 391 278 9.8% 7.5% EBIT H1 179 141 9.1% 7.7% EBIT H2 212 137 10.5% 7.3% ©
Slide 27: Income statement
GF Corporation Income statement (CHF million) 2022 2021 % Sales 3’998 3’722 7 Gross value added 1’560 1’407 11 Personnel expenses -1’053 -995 6 EBITDA 507 412 23 EBITDA margin in % 12.7 11.1 Depreciation, amortization -116 -134 -14 Operating result (EBIT) 391 278 41 Return on sales (EBIT margin) in
Slide 28: Free cash flow
GF Corporation Free cash flow (CHF million) 2022 2021 EBITDA 507 412 Changes in net working capital -176 -92 Income taxes / interest paid -90 -63 Other changes 85 32 Cash flow from operating activities 326 288 Additions to property, plant, and equipment -160 -135 Cash flow from acquisitions / divest
Slide 29: Key figures at a glance
GF Corporation Key figures at a glance 2022 2021 Net debt (+) / Net cash (-) in CHF million -159 54 Net debt / EBITDA (multiple) n.a. 0.13x Equity ratio in % 44.8 39.7 ROIC in % GF Corporation 23.4 16.4 GF Piping Systems 35.6 32.1 GF Casting Solutions 11.2 0.3 GF Machining Solutions 31.7 21.9 Return
Slide 30: Dividend: Board of Directors proposes 30% increase
GF Corporation Dividend: Board of Directors proposes 30% increase 2022 2021 Net profit shareholders GF in CHF million 276 214 Earnings per share in CHF 3.37 2.62 Proposed / paid dividend (out of retained earnings) in CHF million 107 82 Proposed / paid dividend per share in CHF 1.30 1.00 Pay-out rati
Slide 31: Outlook 2023
Outlook 2023 Andreas Müller, CEO © GF 2021 31 SIX Convention Point, 1 March 2023 | 2022 Financial Year | Annual Media Conference
Slide 32: Global opportunities support continued growth & profitability in the strategic corridor 2025
GF Corporation Global opportunities support continued growth & profitability in the strategic corridor 2025 Slowbalization / Regionalization Urbanization Water scarcity Continued growth Profitability in Sustainable mobility / de-carbonization Skilled labor shortage the strategic corridor 2025 Ou
Slide 33: Q&A Are you #GoingForward as well?
Q&A Are you #GoingForward as well? © GF 2021 33 SIX Convention Point, 1 March 2023 | 2022 Financial Year | Annual Media Conference
Slide 34: Disclaimer
Disclaimer This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for, purchase or sell any investment. Neither it nor anything it contains shall form the basis of any contract whatsoever. Opinions expressed herein reflect the