Komax Holding AG · SIX:KOMN
Komax — H1 2012 Earnings Presentation
15 slides from Komax's earnings presentation, Aug 21, 2012
Slide 1: Half-Year Results 2012 and Outlook
THE WAY TO MAKE IT Half-Year Results 2012 and Outlook 21 August 2012 21 August 2012 / Half-year Results 2012 and Outlook / 1 Agenda THE WAY TO MAKE IT Half-year results 2012 Group strategy Outlook 2012 Discussion 21 August 2012 / Half-year Results 2012 and Outlook / 2
Slide 2: First half of 2012 in brief; Key figures
First half of 2012 in brief THE WAY TO MAKE IT Mixed performance of business units Komax Wire – ongoing strong performance Komax Solar – heavily suffering from still muted solar equipment demand Komax Medtech – project order postponements and corrections as well as margin pressure due to exchange ra
Slide 3: Distribution of net sales by segment and region
Distribution of net sales by segment and region THE WAY TO MAKE IT 2011 H1 2011 H1 2012 by segment Wire 58% 56% 74% Solar 19% 24% 4% Medtech 23% 20% 22% by region Switzerland 4% 4% 3% Europe 39% 39% 39% Africa 8% 9% 9% North/South America 20% 20% 31% Asia 29% 28% 18% 21 August 2012 / Half-year Resul
Slide 4: EBIT development
EBIT development – volume drop hurts. However, gross margin even improved THE WAY TO MAKE IT in CHF million H1 11: Gross margin 55.0% -19.8 26.7 H1 12: Gross margin 57.5% 0.1 2.0 9.0 H1 2011 Material/Revenues Personnel Others H1 2012 21 August 2012 / Half-year Results 2012 and Outlook / 7 EBIT devel
Slide 5: Komax Wire and Komax Solar performance
Komax Wire – ongoing strong performance THE WAY TO MAKE IT 26.0% Margin Net sales by region 25.1% 2% 15% 103.2 105.9 in CHF million Switzerland Net sales Europe EBIT 39% Africa North/South America 32% Asia 26.8 26.6 12% H1 2011 H1 2012 Change form previous year Continued growth – automotive sector u
Slide 6: Komax Medtech – project order delays lead to negative results
Komax Medtech – project order delays lead to negative results THE WAY TO MAKE IT Net sales by region 4% 38.6 25% in CHF million Switzerland 31.0 Net sales Europe EBIT North/South America 46% Asia 25% 1.8 -3.1 H1 2011 H1 2012 Change from previous year Decrase in net sales and operating profit -50% 0%
Slide 7: Group business model and long-term targets
Komax Group – business model THE WAY TO MAKE IT Core competence Automation solutions Business Units Mechatronic/robotics Systems for Wire business unit Precision mechanics Wire processing Solar business unit Electronics Production of solar modules Medtech business unit Software engineering Assembly
Slide 8: Komax Wire – leading provider; acquisition of TSK
Komax Wire – leading provider of solutions for wire processing THE WAY TO MAKE IT Market shares Komax Wire Competitor 1 Competitor 2 Competitor 3 Competitor 4 Value chain Others TSK 21 August 2012 / Half-year Results 2012 and Outlook / 15 Acquisition of TSK – supports the strategy to further develop
Slide 9: Testing as natural fit; Komax Wire strategy
Natural fit to the existing activities – testing is another crucial element in the value chain THE WAY TO MAKE IT Why testing Products Steadily increasing complexity of wire harnesses – Wire harness test systems sources of errors increase accordingly • Test software Corrections or rectifications on
Slide 10: Komax Solar – focused product portfolio; managing the downturn
Komax Solar – focused product portfolio of solutions for solar module production THE WAY TO MAKE IT Value chain Multiple solar cells form a string Stringers and test equipment Multiple strings form a solar module Lay-up and bussing systems, laminators and test equipment 21 August 2012 / Half-year Re
Slide 11: Komax Medtech – structured approach; self-medication focus
Komax Medtech – a structured approach that adds value from the concept to high volume production THE WAY TO MAKE IT Market shares Komax Medtech Competitor 1 Competitor 2 Competitor 3 Competitor 4 Others Value chain 21 August 2012 / Half-year Results 2012 and Outlook / 21 Komax Medtech – main focus o
Slide 12: Komax Medtech – measures to improve profitability
Komax Medtech – measures to improve profitability THE WAY TO MAKE IT Project selection – focus on repeat business Processes Project management New platforms Products Standardization Strategic alliances Value chain Sourcing in EUR and USD Reduce break-even volume Structure Group synergies and coopera
Slide 13: Outlook
Outlook THE WAY TO MAKE IT Komax Wire Net sales similar to the first six months of the year in the second half of 2012 Komax Solar Continuous analysis of the situation Further measures if necessary First positive effects of the structural adjustments to be felt in the second half of the year Komax M
Slide 14: Contact/Financial calendar; Disclaimer
Contact/Financial calendar THE WAY TO MAKE IT Contact Financial calendar Marco Knuchel First information Industriestrasse 6 on the year 2012 15 January 2013 CH-6036 Dierikon Annual media conference/ Phone +41 41 455 06 16 analysts‘ presentation 2012 19 March 2013 marco.knuchel@komaxgroup.com Annual
Slide 15: Half-Year Results 2012 and Outlook
THE WAY TO MAKE IT Half-Year Results 2012 and Outlook 21 August 2012 21 August 2012 / Half-year Results 2012 and Outlook / 29