Bystronic Ag · SIX:BYS
Bystronic — Investor Presentation (October 2023)
30 slides from Bystronic's investor presentation, Oct 25, 2023
Slide 1: Investor presentation October 2023
Investor presentation October 2023
Slide 2: Bystronic at a glance
Bystronic at a glance Who we are Bystronic is a globally leading technology company in the area of sheet metal processing. Our high-quality solutions enable transformation into a productive and sustainable future. The focus is on the automation of the complete material and data flow of the cutting a
Slide 3: Our equity story in a nutshell
Our equity story in a nutshell 1 We are an innovation leader creating value for our customers 2 We are well positioned in attractive end markets with potential for sustainable growth 3 We strive for industry-leading profitability based on our asset-light business model Our strong balance sheet offer
Slide 4: Agenda
Agenda About Bystronic Page 5 Markets and industry Page 10 Mid-term strategy Page 15 Financial track record Page 20 Recent performance Page 23 Leadership Page 25
Slide 5: We manage the entire material and data flow in a sheet metal factory
We manage the entire material and data flow in a sheet metal factory Service Software Bending Laser cutting Automation Tube cutting 5 © Bystronic | Investor presentation - October 2023
Slide 6: We create value for our customers as a market leader in sheet metal processing
We create value for our customers as a market leader in the sheet metal processing industry Laser cutting We innovate and produce Net sales EBIT margin Tube cutting systems for sheet metal CHF 1,016 m 4.7% Bending processing applications in 2022 in 2022 Automation We develop and RONOA Employees impl
Slide 7: Our roots date back nearly 60 years of innovation
Our roots date back to nearly 60 years of innovation within the sheet metal processing industry 1964 Foundation, followed by launch of first laser cutting system in 1984 1992 ByStar as one of our key products established on the market Our first ByStar in 1992… 1994 Bystronic becomes part of Conzzeta
Slide 8: We have a global presence for R&D, production and sales
We have a global presence for research and development, production and sales Sales per region in 2022 China Germany Competence Center Competence Center Cutting 12% Bending Competence Center 8% Bending Competence Center 49% Automation Switzerland 31% Competence Center United States Competence Center
Slide 9: Our heritage: we pioneered with machines for cutting and bending
Our heritage: we pioneered with machines for cutting and bending Historically, strong footprint in gold Gold segment segment with leading technologies Expansion into silver and entry-level segment since several years Core competency to leverage know- how between regions and segments Silver segment E
Slide 10: Agenda
Agenda About Bystronic Page 5 Markets and industry Page 10 Mid-term strategy Page 15 Financial track record Page 20 Recent performance Page 23 Leadership Page 25
Slide 11: Sheet metal is an attractive material used in countless everyday products
Sheet metal is an attractive material and used in countless everyday products What is sheet metal? What makes sheet metal so versatile? Ideal balance between high strength and Available in sheets relatively light weight Broader range of applications and enhanced Available in coils formability (bendi
Slide 12: Sheet metal enables growth for a wide range of industries
Sheet metal enables growth for a wide range of industries and products around the globe Transportation Real estate Electronics Agriculture Trains (cladding, doors, Kitchen appliances Electrical cabinets Tractors electrical housings) Tube column constructions for Storage for data centers Harvesters A
Slide 13: Our diversified customer base serves manufacturers in the sheet metal industry
Our diversified customer base serves manufacturers in the growing sheet metal industry ~20% Large companies with in-house products ~20% Job shops with in-house products ~60% Job shops without in-house products 13 © Bystronic | Investor presentation - October 2023
Slide 14: We are no. 3 in a growing market
We are no. 3 in a growing market - sweet spot with further expansion potential Few mid-sized players Long tail of various players Market share1 ~20% ~15% ~12% Range of applications Focus on selected Focus on (e.g. cutting, bending) applications selected Expansion potential applications Focus on 1-2
Slide 15: Agenda
Agenda About Bystronic Page 5 Markets and industry Page 10 Mid-term strategy Page 15 Financial track record Page 20 Recent performance Page 23 Leadership Page 25
Slide 16: Our strategy in a nutshell / Our mid-term targets
Our strategy in a nutshell Our mid-term targets Organic growth complemented with selective M&A to expand portfolio Systems Systems Cutting. Bending. Automation. + Portfolio expansion Create added value for our customer by continuously innovating its product portfolio for all market segments and regi
Slide 17: Our modular service packages enhance our customers' productivity
Our modular service packages enhance our customers’ productivity and efficiency Systems Maintenance is key and we have a … by offering service solutions and Soft- ware Service close customers relationship … ensuring peace of mind for our customer Specific service level Unexpected maintenance interru
Slide 18: Our software digitizes the workflows in the sheet metal processing industry
Our software digitizes the workflows in the sheet metal processing industry Systems Our potential to make our … by having their production under control Soft- ware Service customers’ daily work easier… and full transparency in real time 18 © Bystronic | Investor presentation - October 2023
Slide 19: Our Sustainability approach
Our Sustainability approach Milestones in 2022 Established our global carbon footprint for Scope 1, 2 and 3 Included ESG criteria in management compensation Completed a comprehensive materiality assessment Founded a group-wide Sustainability council Established a sustainable engineering function to
Slide 20: Agenda
Agenda About Bystronic Page 5 Markets and industry Page 10 Mid-term strategy Page 15 Financial track record Page 20 Recent performance Page 23 Leadership Page 25
Slide 21: Key financial figures
Key financial figures Net sales EBIT Operating FCF in CHF million in CHF million in CHF million 1,013 1,016 936 939 72 856 128 65 801 114 56 49 42 92 70 42 48 -41 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 Growth EBIT margin RONOA % at constant fx rates
Slide 22: Balanced approach to capital allocation
Our strong capitalisation provides opportunities for M&A and attractive dividend payments We maintain high liquidity of >CHF 300m 1 and an equity ratio of 62% M&A strategy: portfolio expansion by means of Balanced bolt-on and medium-sized targets approach to capital Key focus areas for M&A: Acquire
Slide 23: Agenda
Agenda About Bystronic Page 5 Markets and industry Page 10 Mid-term strategy Page 15 Financial track record Page 20 Recent performance Page 23 Leadership Page 25
Slide 24: Performance in the first nine months 2023
Performance in the first nine months 2023 Comments • Ongoing cautious investment behavior – Order intake -20% to CHF 625 million (-16% at constant exchange rates) – demand stabilized in the 3rd quarter at stabilizing vs. previous quarters with Q3 +4% vs. Q2 at constant exchange rates level of preced
Slide 25: Agenda
Agenda About Bystronic Page 5 Markets and industry Page 10 Mid-term strategy Page 15 Financial track record Page 20 Recent performance Page 23 Leadership Page 25
Slide 26: Strong leadership with industry experience and an entrepreneurial spirit
Strong leadership with industry experience and an entrepreneurial spirit Board of Directors Executive Committee Dr. Heinz O. Baumgartner Dr. Roland Abt Dr. Matthias Auer Alex Waser Beat Neukom Johan Elster Chairman of the Board of Directory Chair of the Audit Committee Member of the Audit Committee
Slide 27: Questions & Answers
Questions & Answers
Slide 28: Contacts
Contacts Beat Neukom Patrizia Meier Michael Präger Chief Financial Officer Head of Investor Relations Chief Communications & ESG Officer Contact: Contact: Contact: michael.praeger@bystronic.com investor@bystronic.com patrizia.meier@bystronic.com +41 79 870 01 43 +41 62 956 40 79 +41 79 637 46 33 28
Slide 29: Financial calendar
Financial calendar 2023 November 2 ZKB Swiss Equity und Real Estate Conference in Zurich 2024 February 29 2023 Full-year results in Zurich April 15 3M Trading Update April 17 Annual General Meeting in Zurich
Slide 30: Disclaimer
Disclaimer The information in this presentation relating to the business performance of the Bystronic Group is of a summary nature only. The information published in the Half-year Report 2023 as well as Annual Reports 2021 and 2022 of Bystronic AG, and the information on the website www.bystronic.co