Renishaw Plc · LSE:RSW
Renishaw — Investor Day (2018)
21 slides from Renishaw's investor day presentation, 2018
Slide 1: Investor Day 2018: A global perspective - APAC presentation
Investor Day 2018 A global perspective - APAC presentation Jean-Marc Meffre President – APAC
Slide 2: Video of Renishaw offices in APAC region
Video containing animation of the Renishaw offices in APAC region
Slide 3: Staffing split per country
Staffing split per country TOTAL REGIONAL EMPLOYEES - China, Japan and India, our biggest subsidiaries Malaysia Vietnam Indonesia - Taiwan and Korea Singapore Thailand Oceania staffing relatively low India when compared to their Japan revenue, because of use of dedicated Korea distributors - When po
Slide 4: Worldwide sales split
WORLDWIDE SALES SPLIT - APAC region represents 600 40 to 50% of Group sales 500 - 14% compounded annual growth in APAC 400 Other GBP Million region but important Americas 300 variations due to the Europe nature of our business Other APAC 200 Japan China 100 0 2012 2013 2014 2015 2016 2017
Slide 5: Machine tool market
Machine tool market - Reminder of the basics - Worldwide machine tool consumption - Installed base for probes
Slide 6: Considerations about the machine tool market
Considerations about the machine tool market - Machine tool market is global, though with wide differences in volume and level of technology in each country - As a probe/sensor supplier, Renishaw address two main markets: - Machine tool manufacturers (OEMs) - Machine tool users, large and small, wit
Slide 7: Machine tool technology transfer in key APAC markets
Machine tool technology transfer in key APAC markets: - Japan - Korea - Taiwan - China
Slide 8: Statistics, a delicate matter!
Statistics, a delicate matter! Machine tool statistics have to be analysed in detail as they usually show values. Several considerations: - Statistics usually mix manual and CNC machines, a major issue as probes cannot be fitted on manual machines - Even within CNC machines, technology and therefore
Slide 9: Top machine tool consumers by value
Top machine tool consumers by value Taiwan
Slide 10: Probe fitment estimates
Probe fitment estimates - Assessing probe fitment is certainly not an exact science! - We sell probes to OEMs in one country and they can end up anywhere in the world without our knowledge - We estimate probe fitment in major markets, giving an indication of potential future expectations in developi
Slide 11: Example communications
Example communications The need for part setting probes We believe that machining a part that requires better than 100 microns accuracy will make the use of a part setting probe indispensable. All 5-axis machines should also need a probe. As a result, the probe market is very dependent on the machin
Slide 12: Animation of benefits of Renishaw probes
Simple animation of the benefits of Renishaw probes for setting operations on CNC machine tools
Slide 13: Summary - machine tool market
Summary - machine tool market APAC market is still a very open field when it comes to probe fitment Success in one market sector helps to make probe usage popular in others Marketing actions depend on market penetration: - First, education of the market through vocational schools or user training/in
Slide 14: Summary - machine tool market
Summary - machine tool market Since 2014 we have participated in the annual China Skill Competition where hundreds of young graduates have to show their skills. We loan numerous products to be used by students
Slide 15: Flat panel display market
Flat panel display market - An Asian affair! - Korea is the global leader in this market; Japan a distant second - China is playing catch up
Slide 16: Display technologies and uses
Widely used in automotive, advertising and 3C consumer electronics e.g. tablets, laptops, smart phones…. A variety of display technologies have been developed but only a few of them are commercially available today e.g. TFT-LCD, OLED, Flexible OLED, QLED, Micro LED….
Slide 17: Multiple machine type, US$ billion investment cycles
Multiple machine type, US$ billion investment cycles Types of equipment for FPD production potentially requiring position encoders: • Glass trimming equipment • Laser annealing equipment • OLED printing equipment • Photolithography equipment • Dispensing equipment • Laminating equipment • Transfer e
Slide 18: Renishaw encoder products; present on most machines
Renishaw encoder products; present on most machines Optical slit Laser repair equipment Lens changer
Slide 19: Market growth expectations
Market growth expectations - Consumer electronics is now growing slower but is still the key driver of FPD market: • Small size panel (smart phone): slight growth • Medium size panel (tablet / laptop): drop as saturated market • Large size panel (TV): steady growth due to upgrade and demand for big
Slide 20: Summary - flat panel display
Summary - flat panel display Flat panel market is booming in Asia with China becoming a major player Investment cycles are difficult to predict with decisions taken at the last minute depending on market conditions Requires very agile production as the winner is often determined by the ability to de
Slide 21: apply innovation”
apply innovation”