Bystronic Ag · SIX:BYS
Bystronic — Conzzeta — Investora Conference 2020
26 slides from Bystronic's conference presentation, Sep 24, 2020
Slide 1: Business & Transformation Update, Deep Dive: ESG
Business & Transformation Update Deep Dive: ESG Michael Staeheli, Head Investor Relations and Corporate Communications Investora Conference, Zurich, September 24, 2020
Slide 2: Disclaimer
Disclaimer The information in this presentation about the business performance of the Conzzeta Group is of a summary nature only. The information in the Annual Report and half-year report of Conzzeta AG and on the website www.conzzeta.com prevails. Although the greatest possible care was taken with
Slide 3: Agenda
Agenda • Business & transformation update and 2020 outlook • Deep dive: ESG • Q&A • Appendix Zurich, September 24, 2020 | Investora Conference 3
Slide 4: Implementing new strategic focus on Bystronic
Implementing new strategic focus on Bystronic Leading position for global growth and sustainable value creation Mammut Swiss 1862: Premium brand in the outdoor industry H1 2020 FoamPartner: Transformational upscaling towards “Best in Foam” Group net sales CHF 576.2 m Bystronic: Leading solution prov
Slide 5: Conzzeta results summary H1 2020
Conzzeta results summary H1 2020 Continued strategy execution within unprecedented pandemic environment Impact from pandemic with notable differences at segment level • Comparable1) net revenue CHF 576.2 m, -16.2% • Impact on Bystronic muted by solid order book going into H1, FoamPartner and Mammut
Slide 6: Group transformation plan towards strategic focus on Bystronic
Group transformation plan towards strategic focus on Bystronic Preparations largely finalized – tactical adjustments on timing 2019 2020 2021 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Today Divestment Schmid Rhyner Signing Closing Create and / or Strategic select best suitable Divestment Mammut evaluation Closing
Slide 7: Sheet Metal Processing: Market lockdowns resulting in significant order volatility
Sheet Metal Processing Market lockdowns resulting in significant order volatility CHF m 1HY20 1HY19 % Operational performance • Comparable net revenue -12.0% Net revenue 372.6 448.6 -16.9% • Business activities impacted by travel restrictions Operating result 27.9 57.8 -51.8% and temporary closure o
Slide 8: Sheet Metal Processing: Strategy and organizational development on track
Sheet Metal Processing Strategy and organizational development on track The strategy will be developed further … … with additional elements Regional differentiation while keeping strong central functions Best people Increased focus on Value creating growth Business excellence service across all Bran
Slide 9: Chemical Specialties: Successful sale of Schmid Rhyner
Chemical Specialties Successful sale of Schmid Rhyner – FoamPartner with resilient profitability CHF m 1HY20 1HY19 % Operational performance Net revenue 122.8 181.4 -32.3% • Comparable net revenue -20.2% Operating result 1) • EBIT including divestment gain of CHF 49.8 1.7 8.6 -80.1% (EBIT) • Decline
Slide 10: Chemical Specialties: FoamPartner modernization and optimization
Chemical Specialties FoamPartner with progress in modernization and optimization New Converting Center in Duderstadt • High degree of automation with productivity gain of ~20% • Enhanced capacity to grow in technical foam solutions New warehouse in Changzhou • Insourcing to eliminate external costs
Slide 11: Outdoor: Disrupting impacts in complex supply chain
Outdoor Disrupting impacts in complex supply chain – growth of digital business CHF m 1HY20 1HY19 % Operational performance Net revenue 80.9 117.9 -31.4% • Comparable net revenue -29.1% Operating result • Decline across regions; dominant physical -23.3 -5.3 340.5% channels closed for ~40 days; digit
Slide 12: Outdoor: Selected initiatives to strengthen business resilience
Outdoor Selected initiatives to strengthen business resilience Further enhance focus on DTC business Reorganize set-up in international markets • Notable shift in client behavior with impact • New office in Schanghai opened and plan to on channel mix consolidate regional Hong Kong office in H2 • Gro
Slide 13: Groupwide actions to mitigate adverse impacts
Groupwide actions to mitigate adverse impacts CHF ~40 m cost savings by YE 2020 under muted H2 recovery scenario • Daily monitoring of liquidity Cash • Cash management initiatives on both, asset and liability side • At this point, no major credit losses • ~1’500 employees affected by short-time work
Slide 14: Group priorities and outlook for 2020
Group priorities and outlook for 2020 We further mitigate the impact from the pandemic and initiated a ´rightsizing´ program • Implement ´Cash, Cost, Complexity´ program with cost savings of CHF ~40 m by YE • Start to structurally reduce cost base and to re-allocate resources • Minimize lockdown rel
Slide 15: Agenda
Agenda • Business & transformation update and 2020 outlook • Deep dive: ESG • Q&A • Appendix Zurich, September 24, 2020 | Investora Conference 15
Slide 16: Conzzeta ESG roadmap
Conzzeta ESG roadmap Integrated management approach with focus on material topics 2018 Materiality Assessment Identified material topics Ecology - Energy & Climate Change - Chemicals in Production - Longevity & Cyclability Society - Product Health & Safety - Working Conditions - Diversity & Inclusio
Slide 17: Mammut with fully integrated sustainability / CSR strategy
Mammut with fully integrated sustainability / CSR strategy Fair working conditions and reduced environmental footprint YOU CARE WE CARE Responsible Consumption Responsible Products Choose informed i get involved | ask | compare Clean Production good chemistry Appreciate quality Reduced footprint buy
Slide 18: Example: Carbon reduction target of 30% by 2030 vs 2018
Example: Carbon reduction target of 30% by 2030 vs 2018 Founding Signatory of UN Fashion Industry Charter for Climate Action Scope 2: 3% Scope 1: 2% Scope 3: 95% (55’000t CO2-eq) Zurich, September 24, 2020 | Investora Conference 18
Slide 19: FoamPartner with comprehensive sustainability concept
FoamPartner with comprehensive sustainability concept Thinking and acting responsibly for the future PLANET – Ecological sustainability FoamPartner pays attention to environmental safety standards, climate protection & resource conservation when operating its facilities. PEOPLE – Social sustainabili
Slide 20: «Best in Foam» for innovative AND sustainable solutions
«Best in Foam» for innovative AND sustainable solutions Products with holistic added value Mobility Specialties RegiSeal® e-Thermo RegiSeal® TN & Aqua Mileage range increase Low-emission sealing for of electric cars equipment & machines Mobility Living & Care OBoNatureTM EvoPoreHRC® Vehicle interior
Slide 21: Bystronic preparing ESG strategy under stand-alone scenario
Bystronic preparing ESG strategy under “stand-alone” scenario Completed materiality assessment in H1 – CO2 footprint analysis in progress • Building on Conzzeta ESG roadmap • Inaugural CO2 footprint assessment for the Niederönz site (scope 1,2,3) launched in H2 Bystronic head office and Competence C
Slide 22: Agenda
Agenda • Business & transformation update and 2020 outlook • Deep dive: ESG • Q&A • Appendix Zurich, September 24, 2020 | Investora Conference 22
Slide 23: 1HY 2020 key figures
Appendix 1HY 2020 key figures (in CHF m) 1HY20 1HY19 % Disposal of Glass Processing segment in H1 2019 and Schmid Rhyner business Net revenue 576.2 770.1 -25.2% unit in H1 2020 Operating result (EBIT) 49.9 90.5 -44.9% • Divestment gains CHF 30.6 m in 2019 2 adjusted 1.8 59.9 -97.0% 0.3% 7.6% -730 bp
Slide 24: FoamPartner 'stand-alone' financial & business profile
Appendix FoamPartner ‘stand-alone’ financial & business profile Financial profile 1HY20 1HY19 Living & Care Premium comfort foams and core Net revenue 115.8 155.0 constructions for ergonomic EBITDA 7.5 13.5 mattresses and pillows, for POS, 15% 48% e-Commerce and medical institutions. EBIT 2.2 7.6 EB
Slide 25: Financial calendar
Appendix Financial calendar 2020 September 24 Investora Conference, Zurich Investora October 16 9M Trading Update Conzzeta November 4/5 The Swiss Equity Conference, Zurich ZKB November 19 Swiss Mid Cap Conference, Zurich Credit Suisse 2021 Jan 14/15 Swiss Equities Conference, Zurich Baader February
Slide 26: Thank you very much for your interest.
Thank you very much for your interest. Conzzeta Management AG Phone +41 44 468 24 44 Giesshuebelstrasse 45 www.conzzeta.com 8045 Zurich, Switzerland