Carlo Gavazzi Holding Ag · SIX:GAV

Carlo Gavazzi — Investor Presentation (June 2013)

31 slides from Carlo Gavazzi's investor presentation, Jun 27, 2013

  1. Slide 1: Media and Financial Analysts Meeting 2013

    Media and Financial Analysts Meeting 2013 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2013 June 27, 2013

  2. Slide 2: Agenda for Today

    Media and Financial Analysts Meeting 2013 AGENDA FOR TODAY WELCOME & INTRODUCTION Valeria Gavazzi OVERVIEW & OUTLOOK Giovanni Bertola AUTOMATION COMPONENTS Vittorio Rossi FINANCIAL HIGHLIGHTS Anthony Goldstein Q&A

  3. Slide 3: Welcome

    Media and Financial Analysts Meeting 2013 Welcome Valeria Gavazzi Chairman

  4. Slide 4: Challenges and Opportunities

    Media and Financial Analysts Meeting 2013 Challenges and Opportunities  Economic and financial situation in Europe -  Stable CHF / EUR exchange rates +  Growth in Asia-Pacific and the Americas +  Cost control +  New products and platforms +  R&D and product management +

  5. Slide 5: General Overview: Key figures

    Media and Financial Analysts Meeting 2013 General Overview Key figures (CHF million) Operating revenue 138.3 - 3.2% EBITDA 19.3 - 21.5% Net income 12.6 - 25.0% Equity Ratio 74.0% +1.1 pct points

  6. Slide 6: Dividend Pay-out

    Media and Financial Analysts Meeting 2013 Dividend Pay-out 2013 2012 Ordinary dividend - Bearer share CHF 10.00 CHF 12.00 - Registered share CHF 2.00 CHF 2.40 Extraordinary dividend - Bearer share CHF 15.00 - Registered share CHF 3.00

  7. Slide 7: Overview & Outlook

    Media and Financial Analysts Meeting 2013 Overview & Outlook Giovanni Bertola Vice-Chairman

  8. Slide 8: Revenue development

    Revenue development (CHF million) 142.8 -0.2 -0.2 -2.1 (-0.1%) -2.2 138.3 (-0.1%) (-1.5%) -2.1 (-1.6%) (-3.2) -2.2 138.3 (-1.5%) (-1.6%) (-3.2%) FY 2011/12 FX Renewable Core Business FY 2012/13 energy

  9. Slide 9: General Overview - Markets and Products

    General Overview - Markets and Products  Priority markets growth outperforming overall sales  Stable and solid sales in sensors, particularly in capacitive sensors  A number of new products featuring enhanced performance at reasonable costs  Strengthening R&D and Product Management

  10. Slide 10: General Overview - Geography

    General Overview - Geography  Revenues  Europe: - 9.6% l.c.  North America: + 1.8% l.c.  Asia and Pacific: + 12.5% l.c.  Expansion of sales network  Consolidation in China  Growth in Mexico  Set-up of direct sales in presence in Brazil

  11. Slide 11: Outlook

    Outlook  ACBU aims to increase revenues at a higher rate than market growth  The strategy to achieve this challenging goal is based on:  Consolidation of today‘s business  Entry in new markets exploiting organic growth

  12. Slide 12: Outlook: Strategic objectives and actions

    Outlook Strategic objective Actions  Reducing dependence from Europe by expanding into attractive Grow as a global geographies (by size and/or growth speed): North America, Asia player Pacific, Latin America, Eastern Europe  Strengthening position in both Industrial and Building Automation Industr

  13. Slide 13: Automation Components

    Media and Financial Analysts Meeting 2013 Automation Components Vittorio Rossi CEO

  14. Slide 14: Automation Components 2012/13 Revenue Distribution by Region

    Automation Components 2012/13 Revenue Distribution by Region Asia 13% (10%) North America 17% (15%) EMEA 70% (75%)

  15. Slide 15: Automation Components 2012/13 Revenue by Product Line

    Automation Components 2012/13 Revenue by Product Line Others 8% (8%) Fieldbuses 6% (7%) Sensors Electro-Mechanical 27% (26%) Switching 8% (8%) Solid-State Switching 20% (19%) Controls 31% (32%)

  16. Slide 16: Product Innovation (1/5)

    Automation Components (ACBU) Product Innovation (1/5)  Hadsten, Denmark: Sensors 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

  17. Slide 17: PD30 series

    Automation Components (ACBU) Product Innovation (2/5) Photoelectric sensors with potentiometer PD30 series

  18. Slide 18: DMPU family

    Automation Components (ACBU) Product Innovation (3/5) Digital motor protection unit DMPU family

  19. Slide 19: EM21-72V and CTV

    Automation Components (ACBU) Product Innovation (4/5) 3-phase Energy Meter and split core current sensor EM21-72V and CTV

  20. Slide 20: Home automation system

    Automation Components (ACBU) Product Innovation (5/5) Controller and DIN rail modules Home automation system

  21. Slide 21: Financial Highlights 2012/13

    Media and Financial Analysts Meeting 2013 Financial Highlights 2012/13 Anthony M. Goldstein Chief Financial Officer

  22. Slide 22: Income Statement

    Income Statement (in CHF million) 2012/13 2011/12 Change Bookings 140.6 139.6 + 0.7 % Operating revenue 138.3 142.8 - 3.2 % Gross profit 76.9 78.6 - 2.2 %  in % of revenue 55.6 % 55.1 % Other op. income (exp.), net (0.6) 3.6 EBITDA 19.3 24.6 - 21.5 % EBIT 15.9 21.2 - 25.0 %  in % of revenue 11.5 %

  23. Slide 23: Balance Sheet

    Balance Sheet (at March 31, in CHF million) 2013 2012 Δ CHF Current assets 114.4 110.0 + 4.4  whereof cash 53.0 50.9 + 2.1 Non-current assets 22.3 22.2 + 0.1  whereof goodwill 6.7 6.6 + 0.1 Liabilities 35.6 35.9 - 0.3  whereof interest-bearing 0.9 1.6 - 0.7 Shareholders’ equity 101.2 96.3 + 4.9 

  24. Slide 24: Shareholders' Equity

    Shareholders’ Equity (in CHF million) 2013 2012 Shareholders’ equity at the beginning of the reporting period 96.3 104.1  equity ratio 72.9 % 67.1 % Net income 12.6 16.8 Currency impact + 1.1 - 6.3 Dividends - 8.5 - 17.8 Other - 0.3 - 0.5 Shareholders’ equity at March 31 101.2 96.3  equity ratio 7

  25. Slide 25: Cash Flow

    Cash Flow (in CHF million) 2012/13 2011/12 Cash flow from operating activities 13.4 16.5 Cash flow from investing activities - 2.9 - 2.4 Cash flow from financing activities - 9.2 - 18.9 Change in cash and cash equivalents 1.3 - 4.8

  26. Slide 26: Net Cash Position

    Net Cash Position CHF million 60 50 40 30 20 10 0 2008/09 2009/10 2010/11 2011/12 2012/13 net cash position 29.7 44.4 55.1 49.2 52.0 interest, net 0.5 -0.2 0.1 - -

  27. Slide 27: Share Price Development 1.4.2012 – 31.3.2013

    Share Price Development 1.4.2012 – 31.3.2013 240 230 220 210 200 190 180 CARLO GAVAZZI BEARER SHARE SPI EXTRA (REBASED)

  28. Slide 28: Share Price over 5 Years

    Share Price over 5 Years 260 240 220 200 180 160 140 120 100 80 CARLO GAVAZZI BEARER SHARE SPI EXTRA (REBASED)

  29. Slide 29: Q&A

    Good morning g Q&A

  30. Slide 30: Thank you

    Media and Financial Analysts Meeting 2013 Thank you

  31. Slide 31: Carlo Gavazzi Holding AG

    Media and Financial Analysts Meeting 2013 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2013 June 27, 2013

Carlo Gavazzi Holding — Investor Presentation (June 2013) on 6ix