Carlo Gavazzi Holding Ag · SIX:GAV

Carlo Gavazzi — Investora Zürich 2016

24 slides from Carlo Gavazzi's conference presentation, Sep 20, 2016

  1. Slide 1: Investora Zürich – Carlo Gavazzi Holding AG

    Investora Zürich September 20, 2016 Carlo Gavazzi Holding AG Electronic Equipment for Industrial and Building Automation CARLO GAVAZZI GROUP Investora Zürich 2016 1

  2. Slide 2: Disclaimer and cautionary statement

    Disclaimer and cautionary statement This presentation contains statements that may constitute forward-looking statements, including, but not limited to, statements relating to the implementation of strategic initiatives, and other statements relating to the Carlo Gavazzi Group’s future business deve

  3. Slide 3: Our Mission

    Our Mission Carlo Gavazzi is an international group active in designing, manufacturing and marketing electronic equipment targeted at the global markets of industrial and building automation. CARLO GAVAZZI GROUP Investora Zürich 2016 3

  4. Slide 4: General Overview – Key Figures

    General Overview – Key Figures Bookings and Sales GP, EBIT and Net Income CHF million ∆ l.c. CHF million % of sales Bookings 129.3 +0.2% Gross profit 72.2 55.5% Operating revenue 130.2 +0.5% EBIT 14.4 11.0% Net income 9.6 7.4% CARLO GAVAZZI GROUP Investora Zürich 2016 4

  5. Slide 5: Solid Balance Sheet

    Solid Balance Sheet (at March 31, in CHF million) 2016 Current assets 100.8 whereof cash 46.7 Non-current assets 24.6 whereof goodwill 6.3 Liabilities 34.0 whereof interest-bearing 0.2 Shareholders’ equity 91.4 equity ratio 72.9 % Total 125.4 120.8 + 4.6 CARLO GAVAZZI GROUP Investora Zürich 2016 5

  6. Slide 6: Shareholder-friendly Dividend Policy

    Shareholder-friendly Dividend Policy Consistently high yield of above 5% 14 12 10 8 Yield Extraordinary Dividend (in %) 6 Yield Ordinary Dividend (in %) 4 2 0 2011/12 2012/13 2013/14 2014/15 2015/16 CARLO GAVAZZI GROUP Investora Zürich 2016 6

  7. Slide 7: 2015/16 Revenue Distribution by Region

    2015/16 Revenue Distribution by Region Asia 14% (14%) North America EMEA 19% (18%) 67% (68%) CARLO GAVAZZI GROUP Investora Zürich 2016 7

  8. Slide 8: Automation Components Share of Revenue outside Europe

    Automation Components Share of Revenue outside Europe (% of total Revenue) 35 30 +12 ppts 25 20 North America 15 Asia-Pacific 10 5 0 2010/11 2015/16 CARLO GAVAZZI GROUP Investora Zürich 2016 8

  9. Slide 9: Broad-based − customer- and country-wise

    Broad-based − customer- and country-wise  Own sales companies in 22 countries  Around 60 independent national distributors  No customer with sales >1% of total revenue CARLO GAVAZZI GROUP Investora Zürich 2016 9

  10. Slide 10: Solid Market Outlook

    Solid Market Outlook CARLO GAVAZZI GROUP Investora Zürich 2016 10

  11. Slide 11: Automation Components Estimated relevant market volume 2016

    Automation Components Estimated relevant market volume 2016: ca. CHF 10 bn ~30% ~ 35% Small, locally active Five global niche players conglomerates Market shares: <2% Market shares: 5%−13% ~35% Medium-sized, international generalists or specialists Market shares: 2% - 4% CARLO GAVAZZI GROUP Investor

  12. Slide 12: 2015/16 Revenue by Product Line

    2015/16 Revenue by Product Line Others 7% (7%) Fieldbuses Sensors 5% (6%) 26% (27%) Electro-Mechanical Switching 8% (7%) Solid-State Switching 23% (21%) Controls 31% (32%) CARLO GAVAZZI GROUP Investora Zürich 2016 12

  13. Slide 13: Broad-based product range

    Broad-based product range  Ca. 12’000 product specifications  High degree of customization CARLO GAVAZZI GROUP Investora Zürich 2016 13

  14. Slide 14: Automation Components Market Segmentation

    Automation Components Market Segmentation Building Automation  Smart Building  Heating, Ventilation, AC  Entrances and Doors  Elevators and Escalators  Energy Nine Priority Segments Industrial Automation  Plastic Materials Machinery  Food and Beverage  Packaging  Agriculture CARLO GAVAZZI G

  15. Slide 15: Doors and Access Controls

    Doors and Access Controls Doors and Access Controls  Roller, shutter, folding and speed doors  Sectional doors, up-and-over doors  Gates and barriers  Pedestrian doors  Access controls CARLO GAVAZZI GROUP Investora Zürich 2016 15

  16. Slide 16: Energy

    Energy Conventional Energy  Power plants and substations  Generator sets  Large and heavy industries  Commercial buildings  Residential buildings CARLO GAVAZZI GROUP Investora Zürich 2016 16

  17. Slide 17: Smart Building

    Smart Building Home Automation  Lighting control  Climate control  Blind and awning control  Alarms  Energy savings CARLO GAVAZZI GROUP Investora Zürich 2016 17

  18. Slide 18: Automation Components (ACBU) Product Innovation

    Automation Components (ACBU) Product Innovation  Hadsten, Denmark: Sensor 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

  19. Slide 19: Coffee and Vending machines

    Coffee and Vending machines Capacitive sensors CD50CNF / CA18CLF Grains and powders Solid state relays RF1 Cup heater Magnetic level sensors ILM / ILSP Liquid level Solid state relays Photoelectric sensors RA2A PD30 / PA18 / PH18 Liquid heater Cup presence CARLO GAVAZZI GROUP Investora Zürich 2016 1

  20. Slide 20: Extrusion machines

    Extrusion machines Solid state relays 1-phase Solid state relays 1-phase Solid state relays 3-phase Capacitive sensors with current monitoring RGC2A / RGC3A RGC2A / RGC3A CA18 / CA30 / EC30 RGS1S / RGC1S Heaters Heaters Raw material level Heaters Ultrasonic sensors Inductive sensors CA18 / CA30 / EC

  21. Slide 21: Electric lifts

    Electric lifts Double 3-phase energy meters Safety module EM200 series NA12DLIFT Switching power supplies Monitoring relays SPD series DPA51 Limit switches Timers PS series DAA51 Magnetic sensors Magnetic sensors Photoelectric sensors Photoelectric sensors SPB2 FMP series PE12 PA18 CARLO GAVAZZI GRO

  22. Slide 22: Building Automation

    Building Automation Double 3-phase energy meters Controller Bus generator DALI master Wireless base unit 360° PIR – Luxmeter EM200 series Sx2WEB24 SH2MCG24 / SH2DUG24 SB2DALI23 SH2WBU230N SHSQP360L Decentral output Glass temperature modules SHG503_SLT BDA-RE13A-U Glass switches Wireless relay SHG503

  23. Slide 23: Five reasons to invest in Carlo Gavazzi

    Five reasons to invest in Carlo Gavazzi  Long-term oriented family enterprise  Sound financials: cash flow, balance sheet, dividends  Unique market position as 1 stop shop for automatic components  No dependence on a single product or customer  Clear focus on innovation and 9 fast growing marke

  24. Slide 24: Thank you!

    Thank you! CARLO GAVAZZI GROUP Investora Zürich 2016 24

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