Carlo Gavazzi Holding Ag · SIX:GAV

Carlo Gavazzi — Investor Presentation (June 2011)

33 slides from Carlo Gavazzi's investor presentation, Jun 28, 2011

  1. Slide 1: Carlo Gavazzi Holding AG – Media and Financial Analysts Meeting 2011

    Media and Financial Analysts Meeting 2011 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2011 June 28, 2011

  2. Slide 2: Agenda for today

    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 2011 Welcome Valeria Gavazzi Chairman

  4. Slide 4: The first 80 years

    " ’ ® » CARLO GAVAZZI ok 1931-2011 CARLO GAVAZZI see wale 3 ts a ‘ gl ¢ }: 44 n

  5. Slide 5: General Overview – Key figures

    General Overview Key figures (CHF million) Operating revenue 181.9 +21.6% (36.4% in l.c.) EBITDA 35.7 +115.1% Net income 22.7 +194.8%

  6. Slide 6: 80th anniversary – 80% pay-out

    Dividends per share: 80th anniversary – 80% pay-out bearer shares registered shares Ordinary dividend CHF 10* CHF 2** Jubilee dividend CHF 15 CHF 3 Total CHF 25 CHF 5 * CHF 2.00 exempt from withholding tax ** CHF 0.40 exempt from withholding tax

  7. Slide 7: Outlook

    Outlook Economic dynamics uncertain  Financial situation in Europe ±  Emerging markets +  Renewable energy +  Strengthening of the CHF -

  8. Slide 8: Overview & Outlook

    Media and Financial Analysts Meeting 2011 Overview & Outlook Giovanni Bertola Vice-Chairman

  9. Slide 9: General Overview FY 2010/11

    General Overview FY 2010/11  1st Semester: Renewable energy boom  2nd Semester: Improvement of core business

  10. Slide 10: Revenue Evolution

    Revenue Evolution 150 120 CHF Mio. 90 60 95 90 90 80 70 80 30 0 1. Sem. 2. Sem. 1. Sem. 2. Sem. 1. Sem. 2. Sem. 2008/09 2008/09 2009/10 2009/10 2010/11 2010/11

  11. Slide 11: General Overview - Geography

    General Overview - Geography  Revenues  Europa: + 30%  North America: + 30%  Asia and Pacific: + 50%  Expansion of sales network  Consolidation in Mexico  New sales office in China (Shandong)  Deployment of resident engineers in Brazil, India and Taiwan

  12. Slide 12: Outlook

    Outlook  Slower growth rates in emerging markets  Growth of renewables also due to stop of nuclear projects  The strategy to achieve this challenging goal is based on:  Consolidation of today‘s business  Entry in new markets exploiting organic growth, also strengthening sales organization

  13. Slide 13: Long term objectives

    Long term objectives Strategic objective Actions  Reduce dependence from Europe by expanding into attractive Grow as a global player geographies (by size and/or growth speed): North America, Asia Pacific, Latin America, Eastern Europe and Middle East  Strength positioning in both Industrial and Bu

  14. Slide 14: Strategy - Motto

    Strategy - Motto The summary of our strategy Can be confirmed !

  15. Slide 15: Automation Components

    Media and Financial Analysts Meeting 2011 Automation Components Vittorio Rossi CEO

  16. Slide 16: 2010/11 Revenue Distribution by Region

    Automation Components 2010/11 Revenue Distribution by Region Asia 9% North America EMEA 12% 79%

  17. Slide 17: 2010/11 Revenue by Product Line

    Automation Components 2010/11 Revenue by Product Line Others Inverters 7% Sensors 8% 22% Fieldbuses 5% Electro-Mechanical Switching 8% Solid-State Switching 16% Controls 34%

  18. Slide 18: Product Innovation (1/4)

    Automation Components (ACBU) Product Innovation (1/4)  Hadsten, Denmark: Sensors devices  Belluno, Italy Monitoring relays, fieldbus, R&D energy management Competence Centres  Zejtun, Malta Solid-state switching devices and motor controllers  New products & current offering update Focus  Energy

  19. Slide 19: Dupline carpark guidance system

    Automation Components (ACBU) Product Innovation (2/4) Complete solution for car parking Dupline® carpark guidance system

  20. Slide 20: ICB12 series

    Automation Components (ACBU) Product Innovation (3/4) Eco-friendly inductive proximity sensor ICB12 series

  21. Slide 21: RSBT series

    Automation Components (ACBU) Product Innovation (4/4) Compact softstarter for scroll compressor RSBT series

  22. Slide 22: Financial Highlights 2010/11

    Media and Financial Analysts Meeting 2011 Financial Highlights 2010/11 Anthony M. Goldstein Chief Financial Officer

  23. Slide 23: Income Statement

    Income Statement (in CHF million) 2010/11 2009/10 Change in % in CHF in l.c. Bookings 185.6 152.7 +21.5 % +36.4 % Operating revenue 181.9 149.6 +21.6 % +36.4 % Gross profit 98.5 81.3 +21.2 %  in % of revenue 54.2 % 54.3 % EBITDA 35.7 16.6 +115.1 % EBIT 31.8 12.7 +150.4 %  in % of revenue 17.5 % 8.

  24. Slide 24: Operating Revenue Automation Components

    Operating Revenue Automation Components CHF million 250 200 150 100 186.6 196.6 181.9 174.9 149.6 50 0 2006/07 2007/08 2008/09 2009/10 2010/11

  25. Slide 25: Balance Sheet

    Balance Sheet (at March 31, in CHF million) 2011 2010 Δ CHF Current assets 130.9 115.1 +15.8  whereof cash 58.0 47.9 +10.1 Non-current assets 24.2 25.5 -1.3  whereof goodwill 7.0 7.6 -0.6 Liabilities 51.0 48.7 +2.3  whereof interest-bearing 2.9 3.6 -0.7 Shareholders’ equity 104.1 92.0 +12.1  equ

  26. Slide 26: Shareholders’ Equity

    Shareholders’ Equity (in CHF million) 2011 2010 Shareholders’ equity at the beginning of the reporting period 92.0 91.6  equity ratio 65.4 % 64.3 % Net income 22.7 7.7 Currency impact -7.4 -3.7 Own shares, net - +0.2 Dividends -3.6 -3.6 Other 0.4 -0.2 Shareholders’ equity at March 31 104.1 92.0  e

  27. Slide 27: Cash Flow

    Cash Flow (in CHF million) 2010/11 2009/10 Cash flow from operating activities 21.8 14.4 Cash flow from investing activities -4.5 5.1 Cash flow from financing activities -4.0 -7.1 Change in cash and cash equivalents 13.3 12.4

  28. Slide 28: Net Cash Position

    Net Cash Position CHF million 60 50 40 30 20 10 0 -10 2006/07 2007/08 2008/09 2009/10 2010/11 net cash position -7.2 21.1 29.7 44.4 55.1 interest, net 0.2 0.7 0.5 -0.2 0.1

  29. Slide 29: Share Price Development 1.4.2010 – 31.3.2011

    Share Price Development 1.4.2010 – 31.3.2011 Share Price 1.4.2010 - 31.3.2011 (CHF) 230 210 190 170 150 130 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Carlo Gavazz bearer share SPI Extra TM (rebased)

  30. Slide 30: Share Price over 5 Years

    Share Price over 5 Years Share Price 1.4.2006 - 31.3.2011 (CHF) 350 300 250 200 150 100 50 Apr 2006 Apr 2007 Apr 2008 Apr 2009 Apr 2010 Carlo Gavazzi bearer share SPI Extra TM (rebased)

  31. Slide 31: Q&A

    Good morning g Q&A

  32. Slide 32: Thank you

    Media and Financial Analysts Meeting 2011 Thank you

  33. Slide 33: Carlo Gavazzi Holding AG – Media and Financial Analysts Meeting 2011

    Media and Financial Analysts Meeting 2011 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2011 June 28, 2011

Carlo Gavazzi Holding — Investor Presentation (June 2011) on 6ix