Forbo Holding AG · SIX:FORN
Forbo — Investor Presentation (August 2008)
37 slides from Forbo's investor presentation, Aug 19, 2008
Slide 1: The Forbo Group – Company presentation 2008
The interface with daily life The Forbo Group Company presentation 2008 flooring. bonding. movement.
Slide 2: The Forbo Group
The Forbo Group flooring. bonding. movement. 19/08/2008 2
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 31 production companies with distribution, and about 42 marketing and sales organizations In a total of 34 countries CHF 2,004.0 million net sales in 2007 CHF 110.7 mil
Slide 4: Milestones: From 1928 to the present
Milestones From 1928 to the present 1928 1950- 1973- 1975- 1994 1996- 2000- 2002- 2004- 2007 1971 1974 1994 1998 2001 2003 2006 3 linoleum Diversification Adhesives Forbo evolves Acquisition of Divestment of New strategy Adhesives gains Strategic focus New branding and manufacturers – into related a
Slide 5: Net sales 2007 by divisions
Net sales 2007 By divisions Movement Systems Total 19 % CHF 2,004.0 million CHF 375.9 million 43 % 38 % Bonding Systems Flooring Systems CHF 763.7 million CHF 864.4 million flooring. bonding. movement. 19/08/2008 5
Slide 6: Net sales 2007 by geographic areas
Net sales 2007 By geographic areas Germany 11.4% 25.4% North, Central CHF 228.8 million and South America CHF 508.1 million 11.8% Benelux Countries CHF 237.4 million 11.6% 9.4% Asia, Australia, Africa France CHF 187.9 million CHF 233.1 million 30.4% Rest of Europe CHF 608.7 million flooring. bonding
Slide 7: Financial overview 2007 Forbo Group
Financial overview 2007 Forbo Group 2007 2006 Change on CHF million CHF million previous year Net sales 2,004.0 1,879.5 +6.6% Operating profit (EBITDA) 221.9 182.3 +21.7% Operating profit (EBIT) 162.4 109.6 +48.2% Group profit 110.7 61.2 +80.9% Equity ratio 50.7% 42.6% flooring. bonding. movement. 1
Slide 8: Financial overview 2008 Half-Year Forbo Group
Financial overview 2008 Half-Year Forbo Group Half-Year Half-Year Change on 2008 2007 previous CHF million CHF million half-year Net sales 961.2 1,003.5 -4.2% Organic sales growth in local currencies +0.9% Operating profit (EBIT) 80.7 73.1 +10.4% EBIT-Margin in % 8.4 7.3 Group profit 53.9 46.6 +15.7
Slide 9: Employees
Employees Americas 770 960 Europe Asia/Australia/Africa 4,300 About 6,000 employees worldwide flooring. bonding. movement. 19/08/2008 9
Slide 10: Executive board
Executive board This E. Schneider President and CEO Tom Kaiser Michel Riva Matthias P. Huenerwadel Jörg Riboni Daniel Keist Executive Vice President Executive Vice President Executive Vice President Chief Financial Officer Head Corporate Center Flooring Systems Bonding Systems Movement Systems Execu
Slide 11: Three divisions with worldwide presence
Flooring Systems Bonding Systems Movement Systems Three divisions with worldwide presence
Slide 12: Flooring Systems
A leading global player in high-quality, commercial and resilient floor coverings World leader in linoleum with a market share of well 65% - environmentally friendly, functional and design-oriented linoleum - project vinyls for commercial applications - parquet for commercial applications - needle f
Slide 13: Business segments Commercial
Business segments Commercial Education Medical and Care Offices and 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. flo
Slide 14: 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 15: 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. flooring. bonding. movement. 19/08/2008 15
Slide 16: Product range Forbo Flooring Systems
Product range Forbo Flooring Systems Linoleum Project vinyl Cushion vinyl Needle felt Parquet Forbo is world A complete range Leading the Textile floor Engineered leader in linoleum including acoustic, cushion vinyl coverings hardwood with a market share conductive and branded market radiating warmt
Slide 17: 8 manufacturing sites in 6 countries
8 manufacturing sites in 6 countries Offices in about 20 countries Kirkcaldy Scotland Tibro Sweden Gothenburg Sweden Coevorden Netherlands Marketing and sales Assendelft Netherlands offices in Europe, North America Reims and Asia France Giubiasco Switzerland Kaluga Russia flooring. bonding. movement
Slide 18: Key figures 2007
Key figures 2007 Net sales CHF 864.4 million EBITDA CHF 122.0 million EBIT CHF 94.9 million Employees 2,457 (FTE) Companies 27 flooring. bonding. movement. 19/08/2008 18
Slide 19: Key figures 2008 half-year
Key figures 2008 half-year Net sales CHF 437.8 million Operating profit (EBIT) CHF 54.2 million EBIT margin 12.4% flooring. bonding. movement. 19/08/2008 19
Slide 20: Bonding Systems
Among the worldwide suppliers of industrial adhesives and building and construction adhesives Industrial adhesives for key industries such as - paper processing - shoe and textile - automotive - furniture - product assembly Building and construction adhesives for floor coverings, ceramic tiles and p
Slide 21: Industrial Adhesives Business segments
Industrial Adhesives Business segments Woodworking Packaging, Transportation Textile Footwear and Furniture Converting and and Automotive and Leather Graphic Arts Edge bonding Pack makers/users Interior trim Textile lamination Shoes Profile wrapping Flexible packaging Automotive Active wear Football
Slide 22: 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 – Tw
Slide 23: Building and Construction Business segments
Building and Construction Business segments Flooring Ceramic Tile Parquetry Leveling Primers and Adhesives Adhesives and Adhesives Compounds Moisture Grouts Barriers Non-flammable In- and outdoor use Non-flammable Self-smoothing User friendly Easy to apply Super elastic Easy to apply Low-tension Non
Slide 24: 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 a nu
Slide 25: 20 manufacturing sites in 12 countries
20 manufacturing sites in 12 countries Offices in 20 countries Espoo St. John Finland Canada Vigo Chatteris Spain Seneca, IL United Kindom Jackson, TN Pianezze Dallas, TX Wormerveer Italy Kansas City, KS Netherlands Morris, IL Lamia Blois Greece Eugene, OR Surbourg USA France Stary Oskol Russia Erfu
Slide 26: Key figures 2007
Key figures 2007 Net sales CHF 763.7 million EBITDA CHF 69.4 million EBIT CHF 53.7 million Employees 1,540 (FTE) Companies 26 flooring. bonding. movement. 19/08/2008 26
Slide 27: Key figures 2008 half-year
Key figures 2008 half-year Net sales CHF 338.8 million Operating profit (EBIT) CHF 22.6 million EBIT margin 6.7% flooring. bonding. movement. 19/08/2008 27
Slide 28: Movement Systems
Among the three leading suppliers worldwide - conveyor and processing belts Siegling Transilon - flat belts Siegling Extremultus - plastic modular belts Siegling Prolink - timing belts Siegling Proposition Movement Systems Siegling – total belting solutions
Slide 29: 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. flooring. bonding. movement. 19/08/2008 29
Slide 30: 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. flooring. bonding. movement. 19/08/2008 30
Slide 31: Product range Forbo Movement Systems
Product range Forbo Movement Systems Transilon Extremultus Prolink Proposition For speeding the flow Optimized for A useful supplement In modern power of goods and for numerous operations. to conventional transmission and economical Proven in nearly all conveyor belts in handling technology processi
Slide 32: 9 manufacturing sites in 8 countries
9 manufacturing sites in 8 countries Offices in about 25 countries Lunderskov Denmark Hanover Germany Itapevi Brazil Wallbach 300 sales and Switzerland service points Huntersville NC Charlotte NC Fukuroi worldwide USA Japan Tlalnepantla Shenyang Mexico China flooring. bonding. movement. 19/08/2008 3
Slide 33: Key figures 2007
Key figures 2007 Net sales CHF 375.9 million EBITDA CHF 41.8 million EBIT CHF 28.0 million Employees 2,002 (FTE) Companies 28 flooring. bonding. movement. 19/08/2008 33
Slide 34: Key figures 2008 half-year
Key figures 2008 half-year Net sales CHF 184.6 million Operating profit (EBIT) CHF 11.5 million EBIT margin 6.2% flooring. bonding. movement. 19/08/2008 34
Slide 35: Commitment to quality
Commitment to quality Constant improvement and innovation are one of the vital signs of our corporate life. Our research and development specialists set their priorities in dialogue with the sales and service teams. flooring. bonding. movement. flooring. bonding. movement. 19/08/2008 35
Slide 36: Our environmental promise
Our environmental promise Social and environmental responsibility has been a core value at Forbo for many decades. We are committed to protecting the environment and investing in a sustainable future by constantly seeking to create more environmentally friendly products and processes. flooring. bond
Slide 37: 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. 19/08/2008 37