Kendrion N.v. · EURONEXT:KENDR
Kendrion — Investor Presentation (January 2010)
9 slides from Kendrion's investor presentation, Jan 27, 2010
Slide 1: Kendrion N.V. Major shareholders meeting
Kendrion N.V. Major shareholders meeting 27 January 2010 Content 1. Programme 2. Electromagnetic solutions 3. Long standing traditions 4. Structure 5. Fundamentals 6. Turnover development 7. Geographical Spread 8. The year 2009 9. Priorities for 2010 10. What do we want to be? 11. Acquisition policy
Slide 2: Programme; Electromagnetic solutions
1. Programme - Introduction Kendrion (Piet Veenema) - History and development (Heinz Freitag) - Company tour Passenger Car Systems Villingen - Transfer to Markdorf, lunch - Short presentation Commercial Vehicle Systems - Company tour Kendrion Linnig Markdorf - Transfer to the airport 3 2. Electromag
Slide 3: Long standing traditions
3. Long standing traditions 5 A history, long standing traditions 1859 1984 1991 1997 2000 2001 2007 2008 2009 2011 Acquisition Disposal 100 years Introduction Acquisition Thoma and Distribution Binder Magnete other activities Distribution Neue Hahn Services Services Kendrion Start Acquisition Name
Slide 4: Structure; Fundamentals
4. Structure 7 5. Fundamentals - Clear profile - Organic growth as first priority - Further growth by acquisitions - Achieving synergies in and between business units - Balanced spread of risks - Financial strength - Innovative power 8
Slide 5: Turnover development
6. Turnover development Mln Euro 225 200 175 150 125 100 204 75 160 145 128 111 50 97 100 25 0 2002 2003 2004 2005 2006 2007 2008 9
Slide 6: The year 2009
8. The year 2009 - First year as focused company - HY1 2009: drop down turnover of 35-40% - New cost cutting measures: Springtime Plan - HY2 2009: slightly improving turnover and lower costs - Improving results over the quarters 12
Slide 7: Springtime Plan; Priorities for 2010
9. Springtime Plan - Announced on 31 March 2009 - Target: reduction of staff and other costs - Reduction number of jobs from 1,400 to 1,070 - Implementation completely on schedule - Staff costs fell by 22% in Q3 2009 - Other costs fell by 37% in Q3 2009 - Reduction of working time (“Kurzarbeit”) vir
Slide 8: What do we want to be; Acquisition policy
11. What do we want to be In the coming years each of the business units will be expanded either by organic growth or selective acquisitions. The most recent acquisition took place on 26 August 2008, when the US company Tri-Tech LLC was acquired. Kendrion aims to be a leading international company t
Slide 9: Growth strategy – balanced business units
13. Growth strategy – balanced business units 2008 2012 -2013 KENDRION N.V. GROWTH STRATEGY (EXTERNAL & ORGANIC) KENDRION N.V. appr. EUR 200 mill. EURO 350 mill. INDUSTRIAL INDUSTRIAL PASSENGER COMMERCIAL KENDRION MAGNETIC SYSTEMS DRIVE SYSTEMS CAR SYSTEMS VEHICLE SYSTEMS GROUP SERVICES EUR 34 milli