Investment AB Latour Class B · OMXSTO:LATO_B
Investment AB Latour Class B — Swegon — Investor Day (August 2013)
16 slides from Investment AB Latour Class B's investor day presentation, Aug 29, 2013
Slide 1: Swegon "THE Indoor Climate Company"
Swegon ”THE Indoor Climate Company” Latour Kapitalmarknadsdag 29 augusti 2013 CEO Hannu Saastamoinen
Slide 2: Hannu Saastamoinen - Profile
Hannu Saastamoinen - Profile • Born 1960, Finnish • M.Sc.(Econ.) from Helsinki Business School • 12 years as an expatriate in Sweden (x 3), The Netherlands, Norway • Professional career; • Huurre Group; CEO 2006-2012, Commercial refrigeration contractor • Munters Group; Division President Global Hum
Slide 3: Swegon is… about Better Indoor Climate
Swegon is… …about Better Indoor Climate; – 15 kg/day air a basic need – 90% of time spend indoors = Supporting better health for people in buildings – Documented energy savings – More ”selable space” – Higher flexibility in buildings (DCV) = Creating value for real estate owners Swegon presentation
Slide 4: Swegon is… strong and broad product range
Swegon is… • …about strong and broad product range with innovation Swegon presentation Capital Market Day 2013/H.Saastamoinen
Slide 5: Swegon Production Sites
Swegon Production Sites Kvänum, Sweden Tomelilla, Sweden Arvika, Sweden Swegon ILTO, Kaarina, Finland Blue Box, Cantarana Swegon Blue Box, di Cona, Italy Mumbai, India Swegon presentation Capital Market Day 2013/H.Saastamoinen
Slide 6: Swegon is… a solid and wide customer base
Swegon is… • …about a solid and wide customer base Swegon presentation Capital Market Day 2013/H.Saastamoinen
Slide 7: Swegon is… solid historical and current performance
Swegon is… …about solid historical & current performance Pro Forma* 2012 360 MEUR 2011 330 320 MEUR MEUR 2008 2010 2009 2007 230 230 210 2006 190 MEUR MEUR MEUR 2005 150 MEUR 120 MEUR MEUR Employees 6/2013: 1415 persons* * Incl. WMKD & Coolmation Swegon presentation Capital Market Day 2013/H.Saastam
Slide 8: Swegon is… several strengths to support future growth
Swegon is… • …about having several strengths to support future growth: + Documented historical performance + Broad product range + Strong innovation culture in R&D + Well-invested manufacturing sites + Expanded footprint in cooling & residential as well + Good and diversed customer base + Distributi
Slide 9: Market Outlook
Market Outlook • Solid growth drivers long term; • Estimated adressable market size in Europe appr. 5 bio € • Increasing focus on energy efficiency • ”Buildings 40%” • Tightening building legislation & regulations • Environmental discussion, Leed, Green buildings etc. • Passive house technology • In
Slide 10: Market Outlook
Market Outlook • A challenging market in 2013; • General outlook still ”soft, but bottom reached” • European construction volumes 2013 still estimated to decline (Euroconstract 6/13) • New non-residential 2013 – 5.7%, 2014 -1.6% • Residential 2013 -2.2%, 2014 +1.1% • In general slow 1H, some early i
Slide 11: Swegon Short Term Focus
Swegon Short Term Focus • Securing performance… • Tight margin and cost management • Sharp geographical focus on ”where the money is” • Few ”fixes” starting to deliver • Factory/Purchasing efficiencies • Innovative product introductions 2013 still coming… • AHU GOLD E with touch pad interface • Appa
Slide 12: Swegon Long Term Focus
Swegon Long Term Focus • Road map for growth well under preparation/roll out • Ambitious growth targets maintaining current profitability • Combination of organic and acquired growth • Focus Areas; – Innovative products > System Approach > Extended offering – Geographical footprint expansion – New s
Slide 13: Swegon System Approach
Swegon System Approach Value creation for investors =$ Ease of design for consultants =$ Ease of installation for contractors =$ Swegon presentation Capital Market Day 2013/H.Saastamoinen
Slide 14: Latest Highlights 2013; India
Latest Highlights 2013; India • Organic growth continues geographically – New production site in Mumbay, India – Stage 1 implemented Q1; Closed control units for local data center market – Stage 2 planned Q1 2014; Air cooled chillers local + export sales SEA Swegon presentation Capital Market Day 20
Slide 15: Latest Highlights 2013; Acquisitions
Latest Highlights 2013; Acquisitions • Two closed acquisitions to support cooling business penetration • Coolmation UK 02/2013 • Walter Meier Klima Deutschland 06/2013 • Forward integration acquiring strong local chiller distributors; Generate volumes for Blue Box in Italy Get closer to end-user
Slide 16: Swegon Summary
Swegon Summary Solid historical & current performance Very strong product range and own distribution ”System Approach” to create additional value Underlying strong growth drivers in indoor climate business Fragmented industry offering structural opportunities Well-equiped for future grow