Georg Fischer Ag · SIX:GF
Georg Fischer — Investor Presentation (April 2018)
37 slides from Georg Fischer's investor presentation, April 2018
Slide 1: Investor Presentation
GF Corporation Investor Presentation April 2018
Slide 2: An industrial solution provider
GF Corporation An industrial solution provider We offer three times premium expertise and service to match our customers’ needs: GF Piping Systems GF Casting Solutions GF Machining Solutions 40% 36% 24% CHF 1´678 million CHF 1´482 million CHF 992 million Total sales in 2017: CHF 4´150 million 2 Inve
Slide 3: Growth well above target
GF Corporation Growth well above target Sales up 11% at CHF 4’150 million Operating result increased 13% to CHF 352 million (CHF 311 million in 2016) Earnings per share reach CHF 62 (CHF 53 in 2016) Free cash flow (before acquisitions/divestments) at CHF 204 million Dividend increase to CH
Slide 4: All three divisions grew sales significantly
GF Corporation All three divisions grew sales significantly 2016 2017 Strategy Objectives (Sales growth in %) in % 12.3 10.8 11.0 8.3 3 ~ 5% 5.4 2.9 1.1 1.6 GF GF Piping Systems GF Casting Solutions GF Machining Solutions 4 Investor Presentation | April 2018
Slide 5: All three divisions in the strategic target range
GF Corporation All three divisions in the strategic target range 2016 2017 Strategy Objectives (EBIT margin in %) in % 10 ~ 12% 8 ~ 9% 6 ~ 8% 6 ~ 8% 10.8 11.3 8.3 8.5 8.3 7.5 6.8 6.3 GF GF Piping Systems GF Casting Solutions GF Machining Solutions 5 Investor Presentation | April 2018
Slide 6: All three divisions again generate substantial value
GF Corporation All three divisions again generate substantial value 2016 2017 ROIC Objectives (ROIC in %) in % 18 ~ 22% 22.9 23.1 24.1 19.3 20.3 20.6 19.5 18.3 WACC 7.5% GF GF Piping Systems GF Casting Solutions GF Machining Solutions 6 Investor Presentation | April 2018
Slide 7: Strategy 2020 – Profitable expansion
GF Corporation Strategy 2020 – Profitable expansion Widen presence in growth markets, optimize productivity in Europe Objectives Shift divisions’ portfolio to higher margin businesses ROIC 18-22% Drive sales proficiency and innovation excellence ROS 8-9% Annual Growth 3-5% 7 Investor Presentat
Slide 8: GF Piping Systems
GF Piping Systems
Slide 9: Overview
GF Piping Systems Overview Complete systems for the safe transport of liquids and gases Pipes, fittings, valves, automation, jointing technologies, measurement & control For industry, utility and building technology 1´678 6´764 > 60 million (CHF) sales employees companies worldwide Figures for
Slide 10: Partnering with our customers …
GF Piping Systems Partnering with our customers … Utility Building Technology Industry 10 Investor Presentation | April 2018
Slide 11: … to conserve water and avoid contamination …
GF Piping Systems … to conserve water and avoid contamination … … through safe and secure piping systems. 11 Investor Presentation | April 2018
Slide 12: Urecon acquisition as springboard for cooling in North America
GF Piping Systems Urecon acquisition as springboard for cooling in North America 12 Investor Presentation | April 2018
Slide 13: GF Casting Solutions
GF Casting Solutions
Slide 14: Overview
GF Casting Solutions Overview Production of lightweight cast components and systems Made out of ductile iron, aluminum and magnesium For the global automotive industry and other industrial applications 1´482 5´738 19 million (CHF) sales employees companies worldwide Figures for 2017 14 Investo
Slide 15: Partnering with car/truck manufacturers worldwide …
GF Casting Solutions Partnering with car/truck manufacturers worldwide … 15 Investor Presentation | April 2018
Slide 16: … to address the emission challenge …
GF Casting Solutions … to address the emission challenge … up to - 45 % … through weight reduction. 16 Investor Presentation | April 2018
Slide 17: High tempo expansion in light metal castings
GF Casting Solutions High tempo expansion in light metal castings Picture not approved. Acquisition in Romania as High order book at new US plant New mold production base for Eastern Europe GF Linamar center in China 17 Investor Presentation | April 2018
Slide 18: Ramp up of new production facility in North Carolina
GF Casting Solutions Ramp up of new production facility in North Carolina GF Linamar Joint Venture 18 Investor Presentation | April 2018
Slide 19: GF Machining Solutions
GF Machining Solutions 19 Investor Presentation | April 2018
Slide 20: Overview
GF Machining Solutions Overview Machines and automation solutions for high precision manufacturing technologies EDM, milling and laser texturing For information and communication technology, aerospace and aeronautics, medical, dental etc. 992 3´255 36 million (CHF) sales employees companies wo
Slide 21: We offer our customers …
GF Machining Solutions We offer our customers … ICT Medical Aviation 21 Investor Presentation | April 2018
Slide 22: … solutions to their automated and connected precision needs...
GF Machining Solutions … solutions to their automated … … and connected precision needs... 22 Investor Presentation | April 2018
Slide 23: … through digital transformation.
GF Machining Solutions … through digital transformation. 23 Investor Presentation | April 2018
Slide 24: Outlook 2018
Outlook 2018 +GF+
Slide 25: Outlook 2018
GF Corporation Outlook 2018 Strong momentum at GF Piping Systems Acquisitions/new capacities to support GF Casting Solutions growth High backlog at GF Machining Solutions Further performance increase expected in line with our 2020 strategic goals ROIC 18-22% ROS 8-9% Sales Growth 3-5% 25 Inves
Slide 26: Connected products ready for the market
GF Corporation Connected products ready for the market Hycleen Automation System Servicing machines with rConnect 26 Investor Presentation | April 2018
Slide 27: Acquisition GF Precicast
GF Casting Solutions Acquisition GF Precicast Precicast (Switzerland), investment casting specialist, signing 1/2018 27 Investor Presentation | April 2018
Slide 28: Thank you
Thank you
Slide 29: 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
Slide 30: Backup Financials
Backup Financials +GF+
Slide 31: Income statement
GF Corporation Income statement CHF million 2017 2016 Sales 4’150 3’744 11 % Gross value added 1’539 1’421 8% Personnel expenses -1’048 -978 7% EBITDA 491 443 11 % Depreciation, amortization -139 -132 5% EBIT 352 311 13 % Financial result -31 -31 - Ordinary result 321 280 15 % Non-operating result
Slide 32: Key figures at a glance
GF Corporation Key figures at a glance 2017 2016 Net debt in CHF 183 214 Net debt / EBITDA (multiple) 0.4x 0.5x ROIC in % 20.3 19.3 Return on Equity in % 20.1 19.3 Earnings per share in CHF 62 53 Dividend per share in CHF 23 20 Number of employees (incl. trainees) 15’835 14’808 32 Investor Presentat
Slide 33: Backup Business Overview - Divisions
Backup Business Overview - Divisions
Slide 34: Business Overview
GF Piping Systems Business Overview Utility 26% 40% Industry Building Technology 34% Utility Industry Building Technology Market Trend: Market Trend: Market Trend: Position: World #1 for PE Position: Market leader int. Position: Switzerland #1, electrofusion fittings Leading in selected markets Majo
Slide 35: Business Overview
GF Casting Solutions Business Overview 6% Passenger Cars Iron Castings 42% 30% Trucks 58% Light Metal Castings 64% Industrial Applications Iron Castings Light Metal Castings Market Trend: Market Trend: Position: Europe #1 Position: Europe Top 3 Major competitors: Major competitors: Hitachi Metal
Slide 36: Business Overview
GF Machining Solutions Business Overview 11% Milling 32% EDM 27% Customer Services 30% Automation/Tooling/Laser Milling EDM Customer Services Automation/Tooling/Laser Market Trend: Market Trend: Market Trend: Market Trend: Position: HSM Top 5 Position: Top 3 Position: #1 Position: World #1 C
Slide 37: Slide 37