Carlo Gavazzi Holding Ag · SIX:GAV

Carlo Gavazzi — Investora Zürich 2017

26 slides from Carlo Gavazzi's conference presentation, Sep 20, 2017

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

    Investora Zürich September 20, 2017 Carlo Gavazzi Holding AG Electronic Equipment for Industrial and Building Automation CARLO GAVAZZI GROUP Investora Zürich 2017 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 2017 3

  4. Slide 4: Key figures

    Key figures (in CHF million) 2016/17 2015/16 Change (%) Bookings 137.7 129.3 + 6.5 % Operating revenue 135.4 130.2 + 4.0 % EBIT 16.7 14.4 + 16.0 % Net income 13.4 9.6 + 39.6 %  per bearer share (CHF) 18.84 13.58 CARLO GAVAZZI GROUP Investora Zürich 2017 4

  5. Slide 5: Growth drivers

    Growth drivers Digitalization Innovation Miniaturization Energy Efficiency CARLO GAVAZZI GROUP Investora Zürich 2017 5

  6. Slide 6: Balance Sheet

    Balance Sheet (at March 31, in CHF million) 2017 2016 Δ CHF Current assets 105.5 100.8 + 4.7  whereof cash 49.1 46.7 + 2.4 Non-current assets 23.7 24.6 - 0.9 Liabilities 34.1 34.0 + 0.1 Shareholders’ equity 95.2 91.4 + 3.8  equity ratio 73.6 % 72.9 % Total 129.3 125.4 + 3.9 CARLO GAVAZZI GROUP Inv

  7. Slide 7: Shareholder-friendly Dividend Policy: High Payout Ratio

    Shareholder-friendly Dividend Policy High Payout Ratio (in %) % 160 140 120 100 80 Extraordinary Dividend (in %) Ordinary Dividend (in %) 60 40 20 0 2012/13 2013/14 2014/15 2015/16 2016/17 CARLO GAVAZZI GROUP Investora Zürich 2017 7

  8. Slide 8: Shareholder-friendly Dividend Policy: Consistently high yield

    Shareholder-friendly Dividend Policy Consistently high yield of above 5% (per 31st March) % 14 12 10 8 Extraordinary Dividend (in %) 6 Ordinary Dividend (in %) 5 4 2 0 2012/13 2013/14 2014/15 2015/16 2016/17 CARLO GAVAZZI GROUP Investora Zürich 2017 8

  9. Slide 9: 2016/17 Revenue Distribution by Region

    2016/17 Revenue Distribution by Region Asia-Pacific 14% (14%) North America EMEA 20% (19%) 66% (67%) CARLO GAVAZZI GROUP Investora Zürich 2017 9

  10. Slide 10: Automation Components: Share of Revenue outside Europe

    Automation Components Share of Revenue outside Europe (% of total Revenue) 40 35 +13 ppts 30 25 20 North America Asia-Pacific 15 10 5 0 2010/11 2016/17 CARLO GAVAZZI GROUP Investora Zürich 2017 10

  11. Slide 11: Broad-based business – customer- and country-wise

    Broad-based business − 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 2017 11

  12. Slide 12: Automation Components: Estimated relevant market volume 2017

    Automation Components Estimated relevant market volume 2017: 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

  13. Slide 13: 2016/17 Revenue by Product Line

    2016/17 Revenue by Product Line Others 8% (7%) Fieldbuses Sensors 5% (5%) 25% (26%) Electro-Mechanical Switching 6% (8%) Solid-State Switching 25% (23%) Controls 31% (31%) CARLO GAVAZZI GROUP Investora Zürich 2017 13

  14. Slide 14: Broad-based product range

    Broad-based product range  Ca. 12’000 product specifications  High degree of customization CARLO GAVAZZI GROUP Investora Zürich 2017 14

  15. Slide 15: Focus on select products / categories

    Focus on select products / categories  Energy Management  Inductive Sensors  Capacitive Sensors  Photoelectric Sensors  Monitoring Relays  Switches CARLO GAVAZZI GROUP Investora Zürich 2017 15

  16. Slide 16: 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

  17. Slide 17: HVAC Systems

    HVAC Systems (Heating, Ventilation, Air Conditioning) HVAC Systems - Solutions for  Air handling units  Heat pumps  Chillers  Roof tops  Pellet burners CARLO GAVAZZI GROUP Investora Zürich 2017 17

  18. Slide 18: Plastics Machinery

    Plastics Machinery Plastics Machinery – Solutions for  Injection machines  Extrusion machines  Blow molding machines  Blown film extrusion machines  Thermoforming machines  Plastic dryers & Dosing systems CARLO GAVAZZI GROUP Investora Zürich 2017 18

  19. Slide 19: Packaging Machinery

    Packaging Machinery Packaging Machinery – Solutions for  Filling  Inspection  Wrapping and sealing  Labelling CARLO GAVAZZI GROUP Investora Zürich 2017 19

  20. Slide 20: 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

  21. Slide 21: Filling in packaging machinery

    Filling in packaging machinery Stainless steel Inductive sensor Photoelectric sensor ICB series PD30ET series PointSpot Photoelectric sensor Ultrasonic sensor PD30..PS series UA series Photoelectric sensor Capacitive sensor PA18 series CA series CARLO GAVAZZI GROUP Investora Zürich 2017 21

  22. Slide 22: Heating and cooking equipment

    Heating and cooking equipment Solid state relays Energy analyzer RF1 EM340 Solid state relays Proportional controller RAM1A..G series RGC…P series Solid state relays RKD2 series Monitoring relay DPB52 Solid state contactor Safety magnetic sensor RGC series SMS/CLS CARLO GAVAZZI GROUP Investora Züric

  23. Slide 23: Parking Guidance System

    Parking Guidance System Carpark controller Carpark master generator Carpark server Carpark display interface 3-phase scroll compressor SBP2WEB24 SBP2MCG324 SBP2CPY24 SBP2DI48524 soft starter RSBT 45° ultrasonic sensor Carpark display SBPSUSL45 SBPDIS1ALH 360° LED indicator CO sensor SBPILED ESCOW5V

  24. Slide 24: Building Automation

    Building Automation Energy analyzer Controller Bus generator DALI master Wireless base unit 360° PIR – Luxmeter EM340 Sx2WEB24 SH2MCG24 / SH2DUG24 SB2DALI23 SH2WBU230N SHSQP360L Decentral output Glass temperature modules SHG503_SLT BDA-RE13A-U Glass switches Wireless relay SHG503_LS6 modules SHJWRE1

  25. Slide 25: 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 attractive market

  26. Slide 26: Thank you!

    Thank you! CARLO GAVAZZI GROUP Investora Zürich 2017 26

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