Trelleborg Ab Class B · OMXSTO:TREL_B
Trelleborg Ab Class B — Investor Day (2014)
31 slides from Trelleborg Ab Class B's investor day presentation, 2014
Slide 1: sy! inne NAT
ae sy! inne NAT TRELLEBORG
Slide 2: Capital Markets Day 2014
Capital Markets Day 2014 Fredrik Meuller, Business Area President 2
Slide 3: World leader in selected project niches
World leader in selected project niches Trelleborg Offshore & Construction profile 2013, SEK M 3,587 17% 274 7.6% Sales of Group Sales EBIT Margin HQ in Trelleborg, Sweden Local presence, Global reach ~2,100 employees Critical solutions in demanding contexts 20 manufacturing sites in 7 cou
Slide 4: Sales split 2013 and main sites
Sales split 2013 and main sites Western Europe 44% North America 15% Rest of the world Locations 41% 4
Slide 5: Sales 2013 per market segment
Sales 2013 per market segment Infrastructure construction 40% 60% Offshore Oil & Gas 5 Note: Split varies due to project and cyclicality effects
Slide 6: Critical solutions in demanding contexts – Offshore Oil & Gas
Critical solutions in demanding contexts – when failure is not an option Offshore Oil & Gas Offering Applications Customers Subsea buoyancy Thermal insulation Contractors Bend restriction System suppliers Flow-line protection Energy companies Fire protection Shipyards Engineered
Slide 7: A critical component supplier – from exploration to production
A critical component supplier – from exploration to production Offshore Oil & Gas Seismic Drilling Downhole Subsea Topside MMO1 1 Maintenance, Modification, Operations 7
Slide 8: Offshore Oil & Gas | Drilling
A critical component supplier – from exploration to production Offshore Oil & Gas | Drilling Seismic Drilling Downhole Subsea Segment Applications Customers Competitors E&P2 spending Clamps Topside USD 72 B p.a. Riser protection Growth 2-5% Buoyancy MMO1 Repair 1 Maintenance, Modificatio
Slide 9: Offshore Oil & Gas | Subsea
A critical component supplier – from exploration to production Offshore Oil & Gas | Subsea Seismic Drilling Downhole Subsea Segment Applications Customers Competitors E&P spending Bend stiffeners 2 Topside USD 40 B p.a. Corrosion Growth 15-20% protection Thermal MMO1 insulation Buoyancy
Slide 10: Offshore Oil & Gas | Topside and MMO
A critical component supplier – from exploration to production Offshore Oil & Gas | Topside and MMO1 Seismic Drilling Downhole Subsea Segment Applications Customers Competitors E&P spending Corrosion 2 Topside USD 140 B p.a. protection Growth 5-10% Fire protection Sealing & MMO1 Vibration
Slide 11: Critical solutions in demanding contexts – Infrastructure Construction
Critical solutions in demanding contexts – when failure is not an option Infrastructure Construction Offering Applications Customers Tunnel sealing Load management Contractors Seismic protection Energy companies Dredging Port owners Fender systems Ship owners Docking & Mooring
Slide 12: A unique value proposition
A unique value proposition Polymer Broadest engineering offering and across value chain applications expertise Second-to-none Financial Local presence project backing global reach management from a large and track record stable owner 12
Slide 13: Undisputed leader in selected niches
Undisputed leader in selected niches Competitive position, no. 1-3 Competitors Polymer solutions for Matrix, Balmoral, Cuming Offshore Oil & Gas + niche players Dätwyler, Mageba, OKI Infrastructure systems + niche players Bridgestone, Sumitomo, Shibata, Yokohama, Marine fender systems FenderTeam, Fe
Slide 14: Strategic priorities
Strategic priorities Our journey towards profitable growth 1. Exploit fundamentals 3. Show market in existing business leadership 2. Pursue new growth 4. Leverage Top-line Margin options operational growth strengthening platform Solutions Segments Markets 5. Excel in Project Management Talent
Slide 15: Attractive long-term fundamentals
Attractive long-term fundamentals Investment needs in energy and infrastructure 1. Population Globalization & growth increased trade Aging Industrialization infrastructure & emerging markets growth 15
Slide 16: Healthy Offshore Oil & Gas growth
Healthy Offshore Oil & Gas growth – driven by oil price development 1 1. Global Offshore E&P spending by segment, 2007-2017; USD B CAGR ‘13-17 350 Seismic 3% 300 Drilling 2% 250 Downhole 3% 200 Subsea 17% 150 Topside 8% 100 2 MMO 4% 50 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 1 Explo
Slide 17: Continued growth of floating technology as a result of ultra-deep water developments
Continued growth of floating technology as a result of ultra-deep water developments Global floater rig fleet count, 1971-2018E; Number 1. 500 400 Utilization ~90% 300 5th and 6th generation ships Upgrading/replacing old rigs 200 Trelleborg installed DRBM* share ~50% 100 0 1971 1976 1981 198
Slide 18: Continued growth of floating technology as a result of ultra-deep water developments
Continued growth of floating technology as a result of ultra-deep water developments Global floater rig fleet count, 1971-2018E; Number 1. Expecting 25-30 new 500 rigs p.a. (+30%) – driven by Brazil 400 Utilization ~90% 300 5th and 6th generation ships Upgrading/replacing old rigs 200 Trelle
Slide 19: Growth options with great potential
Growth options with great potential Focused efforts 2. Solutions Segments Markets Ultra-deep sea Liquified Natural Gas Southeast Asia buoyancy Selected niches within South America High-load bearings Mining Africa 19
Slide 20: More global than any of our peers
More global than any of our peers Trelleborg present in all major markets 2. Manufacturing Sales / Engineering 20
Slide 21: Brazil take-off delayed, but fundamentals remain
Brazil take-off delayed, but fundamentals remain – we are there! Trelleborg is in pole position 2. Substantial Oil & Gas reserves Brazil 14% Demanding environments Challenging business climate – yet 14% Norway emerging positive momentum Rest of 52% World Local content 12% Tax regime Gulf o
Slide 22: Setting a new standard for customer interaction
Setting a new standard for customer interaction Thought leadership – raising the bar 3. 22
Slide 23: Strategic marketing to boost positioning / profile
Strategic marketing to boost positioning / profile 3. 23
Slide 24: Pushing technological boundaries
Pushing technological boundaries Offshore Oil & Gas US | Drill Riser Buoyancy Modules 4. DRBM leadership successfully regained ~70% global share 2013 Trelleborg’s two largest offshore orders ever Operational excellence prioritized Solid loading medium/long term Investments in layout and
Slide 25: Second-to-none Project Management
Second-to-none Project Management Examples 5. Project: New Port of Doha, Qatar Hong Kong – Macau tunnel N. Cyprus water supply Challenge: World’s largest port World’s longest and 107 km fresh water pipeline 10 km quay line deepest immersed tunnel Turkey – Northern Cyprus Multiple stakeho
Slide 26: Our journey towards profitable growth – making good progress
Our journey towards profitable growth – making good progress Illustrative development phases, 2012-2015 2014-2015 2012-2013 ‘Market leadership’ ‘New horizons’ (harvest) ‘Secure position’ (nurture) (seed) Priorities Exploit fundamentals in Pursue new growth Show market leadership existing busin
Slide 27: Gaining momentum
Gaining momentum Selected achievements 2013-2014 YTD Regained offshore buoyancy leadership Two bolt-on acquisitions New innovation launches Strategic marketing Expanded geographic footprint Improved operational structure Cost and capital efficiency 27
Slide 28: Gradually getting back to where we belong
Gradually getting back to where we belong EBIT-margin >10% 8% 6% Historical Current Long-term 2010-2012 2013 28
Slide 29: Strategic priorities
Strategic priorities Exploit fundamentals in Pursue new existing business growth options Leverage Show market operational leadership platform Excel in Project Management 29
Slide 30: pe fla
pe fla TRELLEBORG
Slide 31: sy! inne NAT
ae sy! inne NAT TRELLEBORG