GN Store Nord A/S · OMXCOP:GN
GN Store Nord A/S — EUHA 2007
23 slides from GN Store Nord A/S's conference presentation, Oct 18, 2007
Slide 1: ReSound Group in the future
ReSound Group in the future Analyst presentation, EUHA October 18, 2007
Slide 2: Key messages
Key messages We will not comment on current trading Our board is evaluating strategic alternatives and will announce by Christmas. We will not be able to comment further on this topic Today we will talk about products 2
Slide 3: Content of presentation
Content of presentation The past 18 months Going forward The EUHA News 3
Slide 4: ReSound Group has continued investments in R&D over the past 18 months
ReSound Group has continued investments in R&D over the past 18 months … R&D spending (2004-2007E) DKK millions 351 292 200 159 2004 2005¹ 2006² 2007E Source: GNR Group Note: R&D figures are out of pocket R&D spend, including both capitalised and expensed cost, but excluding depreciation ¹ 2005 incl
Slide 5: … as well as investments in launching products
… as well as investments in launching products S&M spending (2005-2007E) DKK millions 901 897 755 2005 2006 2007E Source: GNR Group 5
Slide 6: We have managed to maintain a low employee turnover
We have managed to maintain a low employee turnover during the period of uncertainty Attrition rate - Denmark Percentage 2005/06 8 2006/07* 11 Danish 15 market Move to Lautrupbjerg from Taastrup, June 2006 4 employees returned * August 2006 / April 2007 Source: GN ReSound HR 6
Slide 7: During 2007 we have continued to launch products
During 2007 we have continued to launch products Product ReSound Beltone extension Brand Brand Azure One HP Top Marq Pulse CRT One Pulse LT Plus LinQ HP Basic Marq LinQ Access 2 Budget Trimflex 2 EZ Trim 2 Q1 Q2 Q3 Q4 7
Slide 8: ReSound Azure
ReSound Azure Empowering Natural Hearing
Slide 9: Empowering Natural Hearing – the cornerstones
Empowering Natural Hearing – the 4 cornerstones Listen to this interesting story … Blah! Blah! Blah! Blah! Blah! Hi! How are you? Blah! Natural Awareness Natural Directionality™ provides Traffic – loud noise the full benefit of directionality while maintaining peripheral awareness +9 dB 9 9 9 99 9 9
Slide 10: Natural hearing on the phone
Natural hearing Natural convenience on the phone in use... 2nd generation charger technology Bluetooh click-on headset 10
Slide 11: Beltone Marq
Beltone Marq
Slide 12: Beltone Marq: Designed to disappear
Beltone Marq Designed to disappear The smallest RIE in the market
Slide 13: Content of presentation
Content of presentation The past 18 months Going forward The EUHA News 13
Slide 14: We have a significant presence with 15-17% global share
We have a significant presence with 15-17% global share Worldwide market share distribution, 2006 Sonic Other (2%) Starkey (3%) (10-13%) Siemens (20-24%) Widex (6-7%) GN ReSound (15-17%) Oticon (20%) Phonak (20%) Source: FCO, Merill Lynch, Kaupthing Bank and internal analysis 14
Slide 15: We have a significant share in three of four segments
We have a significant share in three of four segments Units 1000s CAGR 05-07 Examples • Asia ex. Japan Emerging • Eastern Europe 1 Markets 1.800 8% • Latin America • Russia/ India • Beltone 2 Captured 595 18% • Hidden Hearing Distribution • Northland Capital • Amplifon Key • HAL Invest 2.032 13% Acc
Slide 16: We are realigning the brand setup to maximize value
We are realigning the brand setup to maximize value New Brand Setup Network/Retail Group Solutions OEM for Key Accounts 16
Slide 17: There will be a brand simplification with ReSound as the flagship
There will be a brand simplification with ReSound as the flagship Group flagship – High-end and price Cutting edge technology – first to market innovation Heavy branding/marketing support and tools 17
Slide 18: We will grow Beltone Network/Retail Globally
We will grow Beltone Network/ Retail Globally The premium retail brand Network/Retail Leveraging the Beltone brand on global network and retail Capitalize on Beltone retail network know-how, marketing and tools High price retail brand with full offering Grow Beltone Network in North America
Slide 19: Beltone, Interton and OEM solutions managed under one organization
Beltone, Interton and OEM solutions will be managed under one organization and will hence be merging to the same platform Group Solutions OEM for Key Accounts Unique “look and feel” portfolio based on common platform through own development resources Full range and value for money Tactical bra
Slide 20: Content of presentation
Content of presentation The past 18 months Going forward The EUHA News 20
Slide 21: At EUHA 2007 we are launching the strongest Super Power product
At EUHA 2007 we are launching the strongest Super Power product in the Industry Product ReSound Beltone extension Brand Brand Azure One HP Top Marq Marq Pulse CRT One HP Pulse LT Plus Sparx Force LinQ HP Basic Marq Marq HP LinQ Access 2 Budget Trimflex 2 EZ Trim 2 Q1 Q2 Q3 Q4 21
Slide 22: Complete device summary
Complete device summary Housing and available hardware Super Power receiver Screw-on tone tube adaptor - robust & back-vented - damped & undamped - in embedded suspension - adult & baby size Analogue Volume Control Microphone in shock-resistant frame - setting of 1-4 - rubber protected Low battery D
Slide 23: Key Feature Summary
Key Feature Summary Combining the Extra Power and Sound Quality Extra Power Output & Gain Among strongest in Output & Gain! Usable Gain with DFS Best-in-Class usable gain among competitors with our strong DFS! Multi-channel MPO Choice of customizing max power output in 6 channels! Sound Quality WARP