Sulzer Ag · SIX:SUN
Sulzer — Merger or Acquisition (July 2016)
14 slides from Sulzer's merger presentation, Jul 4, 2016
Slide 1: Acquisition of GEKA GmbH
Acquisition of GEKA GmbH Creating a leader in high precision plastic injection molding technologies for innovative B2B mixing and applicator solutions July 4, 2016 Acquisition of GEKA GmbH | July 4, 2016 |
Slide 2: Safe Harbor Statement under the US Private Securities Litigation Reform Act 1995
THE SAFE HARBOR STATEMENT UNDER THE US PRIVATE SECURITIES LITIGATION REFORM ACT 1995 This presentation may contain forward-looking statements, including but not limited to, projections of financial developments, market activities or future performance of products and solutions, containing risks and
Slide 3: SMS+GEKA: one industrial core, multiple end markets
SMS+GEKA: one industrial core, multiple end markets SMS GEKA Acquisition of GEKA GmbH 3 | July 4, 2016 |
Slide 4: Sulzer to double size of its most profitable business unit
Acquisition of GEKA GmbH Sulzer to double size of its most profitable business unit • Sulzer acquires GEKA GmbH for an EV of EUR 260m (CHF 282m1) Transaction summary • Transaction expected to close in Q3, subject to customary regulatory approvals • Creates a leader in high precision plastic injectio
Slide 5: SMS, the solutions leader for the dental and industrial adhesives segments
SMS, the mixing and applicator solutions leader for the dental and industrial adhesives segments INDUSTRY VERTICAL DENTAL VERTICAL SMS is a business unit within Sulzer’s Chemtech division specialized in innovative high presicion plastic injection molding technologies + + SMS is the leading provi
Slide 6: GEKA, the applicator and packaging solutions leader for the cosmetics segment
GEKA, the applicator and packaging solutions leader for the cosmetics segment COSMETICS VERTICAL GEKA is a privately held business specialized in innovative high precision plastic injection molding technologies GEKA is the leading provider of applicator solutions for the cosmetics market segment
Slide 7: SMS+GEKA: creating the number one in specialized solutions
SMS+GEKA: creating the number one in specialized mixing and applicator solutions SMS Industry Dental Healthcare Cosmetics Addressable market size (CHF bn) ~0.4 ~0.3 >1.0 ~0.5 Leading market positions Acquisition of GEKA GmbH 7 | July 4, 2016 |
Slide 8: SMS+GEKA: a shared industrial core in high precision
SMS+GEKA: a shared industrial core in innovative high precision plastic injection molding Value chain Product Finishing & Tooling Production development Assembly Development of innovative Design and development of Fully automated production Surface decoration (e.g. mixing and applicator prop
Slide 9: SMS+GEKA: complementary manufacturing footprints
SMS+GEKA: complementary manufacturing footprints SMS Haag, Switzerland Eschen, FL GEKA SMS Bechhofen, Germany Shanghai, China Bamberg, Germany GEKA Elgin, USA GEKA Sao Paolo, Brazil For simplicity, manufacturing sites of SMS (Cox) in UK and USA and SMS (Kroger) in Denmark not shown on chart Acquisit
Slide 10: Why GEKA is the right move for SMS – and Sulzer
Why GEKA is the right move for SMS – and Sulzer Creates the #1 player in innovative high precision plastic injection molding technologies for mixing and applicator solutions Leading market positions in dental, industrial adhesives and cosmetics B2B verticals Combined presence in healthcare to
Slide 11: SMS+GEKA: Steady growth at high margins with very low cyclicality
SMS+GEKA: Steady growth at high margins with very low cyclicality SMS1 GEKA Sales 2016 CHF ~200m EUR ~150m Average market growth GDP >GDP EBITDA margin ~28% ~18% OpEBITA margin ~21% ~13%2 Cost synergy run-rate of EUR ~9m within 3 years One-off costs to achieve synergies expected to be EUR ~10m s
Slide 12: Preview: making SMS+GEKA visible
Preview: making SMS+GEKA visible New reporting structure as of January 1st 2017 Sales 2015 in CHF m Sulzer total sales 2015: CHF 2’971m 1’621 Transfer of Pump Parts business to Service 670 Transfer of SMS into a 693 new reporting unit + GEKA CHF ~162m + PC Cox CHF ~20m Pumps Rotating Chemtech SMS+GE
Slide 13: Key reporting dates 2016 and contacts
Key reporting dates 2016 and contacts Financial Calendar July 26th, 2016 H1 Report October 20th, 2016 Q3 Order Intake Your investor relations contact: Christoph Ladner Head of Investor Relations Sulzer Management Ltd Neuwiesenstrasse 15 Phone: +41 52 262 20 22 7401 Winterthur Mobile: +41 79 326 69 7
Slide 14: This document may contain forward-looking statements, including, but not limited to, projections of financial
This document may contain forward-looking statements, including, but not limited to, projections of financial developments and future performance of materials and products, containing risks and uncertainties. These statements are subject to change based on known and unknown risks and various other f