Bystronic Ag · SIX:BYS
Bystronic — Investora 2021
29 slides from Bystronic's conference presentation, Sep 16, 2021
Slide 1: Investor presentation – Investora 2021
Investor presentation Investora 2021 – Sept 16, 2021 Investor presentation © Bystronic | September 2021 1
Slide 2: Disclaimer
Disclaimer The information in this presentation about the business performance of the Bystronic Group is of a summary nature only. The information published in the Annual Report 2020 of Conzzeta AG, the company that preceded Bystronic AG until the end of April 2021, the half-year report 2021 of Byst
Slide 3: Agenda
Investor presentation Agenda Who we are Alex Waser, Group CEO Strategy 2025 Alex Waser, Group CEO H1 2021 highlights Beat Neukom, Group CFO Outlook 2021 Alex Waser, Group CEO Q&A Alex Waser, Group CEO Beat Neukom, Group CFO Appendix Investor presentation © Bystronic | September 2021 3
Slide 4: Who we are
Who we are A pioneer in Sheet Metal processing with world-class products, solutions and services Founded Net sales FY 2019 Employees 1986 935.8 3,357 Best choice. 2020: 801.4 globally CHF million per June 30, 2021 Locations Innovation Ticker symbol 9 ~50% SIX: BYS development and production sites, s
Slide 5: Our heritage: we pioneered with machines for cutting and bending
Who we are Our heritage: we pioneered with machines for cutting and bending Gold segment Heritage • Hardware focus • Single machine focus • Incomplete software offerings • Service as an add on Silver segment • Service as “fire fighting” • Single customer projects • Limited modularity • Limited regio
Slide 6: Our opportunities: new competencies – new skills – new solutions
Who we are Our opportunities: new competencies – new skills – new solutions Opportunities Smart factory suite • Hardware & software focused • Software based solutions • Service as a business • Recurring revenues • One stop shop • Global standardization • Configurable modules • Regionalization Integr
Slide 7: Innovation leadership with an asset light business model
Strategy 2025 Innovation leadership with an asset light business model Our combined offering of • state of the art equipment, • leading-edge solutions and • comprehensive services Advanced laser Future technologies technologies enable our clients to become • more efficient and • more productive … Ef
Slide 8: Accelerating cleantech solutions
Strategy 2025 Accelerating cleantech solutions Energy efficent lasers Energy saving bending Nitrogen generation Intelligent software Re-Manufacturing • 40% increase in • Energy-Saver • Zero-Carbon in- • Waste reduction • Bystronic pre- energy efficiency function house nitrogen • Nesting owend progra
Slide 9: Accelerating ESG – delivering on our roadmap for impact
Strategy 2025 Accelerating ESG – delivering on our roadmap for impact Conducted SDG alignment Conducted Carbon Footprint Assessment Scope 1 & 2 emissions for all production sites Forward-looking Materiality Matrix aligned with Strategy 2025 1st Bystronic sustainability report for 2021 on track Condu
Slide 10: Our business profile in market context
Strategy 2025 Our business profile in market context – share of ~12% in served machine market Established and new competition • Competitive landscape dynamic and increasingly fragmented, particularly from new players in fiber laser entry level segment Opportunities in innovative hardware • Line exte
Slide 11: Focus on attractive market segments
Strategy 2025 Focus on attractive market segments with an improved understanding of end markets Prioritized segments Specialized one piece fabrication CHF ~3.4 bn based on accessibility High and attractiveness Flexible production Shipbuilding CHF ~6.6 bn Parameterized mass production CHF ~4.4 bn per
Slide 12: Growth potential in the 2D laser cutting market
Strategy 2025 Growth potential in the 2D laser cutting market 2D cutting market segment >1kW laser power Participation potential 100% 61% CHF 2.4bn Win-rate potential CHF ~4bn 39% 27% CHF 1.1bn CHF 1.6bn 12% CHF 0.5bn Today’s total market Not addressed Addressed market Lost opportunities Won opportu
Slide 13: Our mid term targets until 2025
Strategy 2025 Our mid term targets until 2025 Growth Profitablity Over 5% growth EBIT margin in net sales over 12% based on 2019 figures, CHF 1.3b by 2025 Services Capital Efficiency 26% of net sales Over 25% return on net operating compared Service to as 19% % in 2019 assets (RONOA) Investor presen
Slide 14: H1 2021 highlights
Investor presentation H1 2021 highlights Who we are Alex Waser, Group CEO Strategy 2025 Alex Waser, Group CEO H1 2021 highlights Beat Neukom, Group CFO Outlook 2021 Alex Waser, Group CEO Q&A Alex Waser, Group CEO Beat Neukom, Group CFO Appendix Investor presentation © Bystronic | September 2021 14
Slide 15: Transformation concluded – delivering on our Strategy 2025
H1 2021 highlights Transformation concluded – delivering on our Strategy 2025 Pure play positioning Transformation concluded Deliver to promise • Listing May 3, 2021 • FoamPartner closed in March • Regional structure in place • SIX:BYS • Mammut closed in June • Service business growth • Automation s
Slide 16: Delivering on strategy execution
H1 2021 highlights Delivering on strategy execution Bystronic USA • Brand Experience Center • Smart Factory • Local production Machines Cutting. Bending. Automation. + Portfolio expansion Service growth • Nearly all customers buy Bystronic machines with service package Regiona- • Hiring 100 service
Slide 17: Key figures continuing operations: broad based positive performance
H1 2021 highlights Key figures continuing operations: broad based positive performance CHF million Order intake Net sales EBIT 549.5 440.7 30.3 margin 6.9% / adj. margin 8.0% +62.8% 1) / +27.6% 2) +19.2% 1) / +4.4% 2) • Partially driven by catch-up effects • Double-digit sales growth in all • Positi
Slide 18: Strong regional growth for continuing operations
H1 2021 highlights Strong regional growth for continuing operations EMEA Order intake +53% Americas Net sales +13% Order intake +92% China Net sales +19% Order intake +62% Net sales +44% APAC Order intake +44% Net sales +17% At constant exchange rates compared to H1 2020 Investor presentation © Byst
Slide 19: Financial key figures continuing operations & total group
H1 2021 highlights Financial key figures continuing operations & total group Continuing operations Total Group CHF million H1 2021 H1 2020 Change H1 2021 H1 2020 Order intake 549.5 340.2 61.5% Increase compared to prior year at constant exchange rates 62.8% Net sales 440.7 372.5 18.3% 624.3 576.2 In
Slide 20: Strong balance sheet
H1 2021 highlights Strong balance sheet CHF million Cash, cash equivalents & securities 273.3 FCF from continued operations (+20) Others incl. discont. operations (-11) Dividends (-124) 480.8 Proceeds from divestments (+323) Others 15.0 No interim dividend in 2021 Net Operating Assets 276.4 Disconti
Slide 21: Outlook 2021
Investor presentation Outlook 2021 Who we are Alex Waser, Group CEO Strategy 2025 Alex Waser, Group CEO H1 2021 highlights Beat Neukom, Group CFO Outlook 2021 Alex Waser, Group CEO Q&A Alex Waser, Group CEO Beat Neukom, Group CFO Appendix Investor presentation © Bystronic | September 2021 21
Slide 22: On track to reach our 2025 financial aspiration
Outlook 2021 On track to reach our 2025 financial aspiration Net sales growth ~15% • Continuation of positive business developments in H2 2021 • Onboarded service technicians trained and will become productive in H2 2021 • Increased demand for automation EBIT margin • Procurement situation not accen
Slide 23: Q&A
Investor presentation Q&A Who we are Alex Waser, Group CEO Strategy 2025 Alex Waser, Group CEO H1 2021 highlights Beat Neukom, Group CFO Outlook 2021 Alex Waser, Group CEO Q&A Alex Waser, Group CEO Beat Neukom, Group CFO Appendix Investor presentation © Bystronic | September 2021 23
Slide 24: We are happy to answer your questions
Q&A We are happy to answer your questions Q&A © Bystronic | September 2021 06.08.2021 24
Slide 25: Financial calendar
Appendix Financial calendar 2021/22 Sept 16, 2021 Investora conference Investora Sept 17, 2021 UBS Best of Switzerland conference UBS Oct 15, 2021 Trading update Bystronic Nov 4, 2021 ZKB Swiss Equities conference ZKB Nov 19, 2021 CS Equity Forum Switzerland Credit Suisse Nov 30, 2021 Capital Market
Slide 26: Bystronic investor relations and media contacts
Appendix Bystronic investor relations and media contacts Beat Neukom Doris Rudischhauser Patrizia Meier Michael Präger Chief Financial Officer Investor Relations Advisor Investor Relations Officer Chief Communications & ESG Officer joined Bystronic in May 2021 joined Bystronic in April 2021 joins By
Slide 27: Group transformation completed - impacts on H1 2021 financial statements
Appendix Group transformation completed - significant impacts on presentation of H1 2021 financial statements Schmid Rhyner (Feb 28, 2020) • 2 months in H1 2020 • Significant positive impact on H1 2020 results from divestment gain FoamPartner (Mar 31, 2021) • Full Year 2020; 3 months in H1 2021 • Go
Slide 28: H1 2021 EBIT for continuing operations increased by 30%
Appendix H1 2021 operating result (EBIT) for continuing operations increased by 30% CHF million H1 2020 EBIT 1.8 48.1 49.9 Discontinued / continuing operations EBIT margin H1 2020 adjusted -21.6 23.4 6.3% Change in EBIT from continuing operations Volume and product mix +40.6 CHF +6.9 million Personn
Slide 29: H1 2021 cash flow development
Appendix H1 2021 cash flow development: Cash, cash equivalent & securities reached CHF 481 million at June 30, 2021 CHF million Free cash flow from continuing operations CHF +19.7 million Dec 31, 2020 Net result Depreciation & Change in CF from Others Dividends Proceeds from Jun 30, 2021 non cash it