Glaston Oyj · OMXHEX:GLA1V
Glaston Oyj — Investor Day (August 2021)
22 slides from Glaston Oyj's investor day presentation, Aug 26, 2021
Slide 1: Glaston Corporation Capital Markets Day 2021
Glaston Corporation Capital Markets Day 2021 CMD 2021 26 August 2021
Slide 2: Content
Content • Megatrends • Market situation • Customer point-of-view
Slide 3: Meet Sasu Koivumäki, CSO and Deputy CEO
Meet Sasu Koivumäki CSO and Deputy CEO
Slide 4: Megatrends contributing to Glaston's growth
Megatrends contributing to Glaston’s growth
Slide 5: Megatrends accelerating Glaston's business
Megatrends accelerating Glaston’s business Impact on Industry Opportunities for Glaston Urbanization & • Regulation • Renewable & clean energy rise of megacities • Production efficiency • Zero energy buildings (IG) • China’s five-year plan: solar market developing (HT) • Safety in extreme weather co
Slide 6: Market growth and Glaston's addressable market 2021-2025
Market growth and Glaston’s addressable market 2021−2025
Slide 7: Strong flat glass demand forecasted for Glaston's segments
Strong flat glass demand* forecasted for Glaston’s segments – Biggest growth potential in Architectural Total 4% CAGR 120 10% Millions 7% CAGR 11 million tons 9% 100 8 million tons 80 11% 11% 3% CAGR 12 million tons 60 10 million tons 40 78% 20 80% 3% CAGR 81 million tons 72 million tons 0 2021 2025
Slide 8: Construction is expected to remain strong
Architectural equipment Construction is expected to remain strong Construction as % of GDP Real GDP Equipment capex drivers Equipment market Americas 4,5 • Demographics/migration → Residential 4,0 building USA 2,0% • Climate change → Safety glass 4% 3,5 • Additional focus on energy performance 3,0 o
Slide 9: Opportunities for market share increase in Americas and APAC
Architectural highlight Opportunities for market share increase in Americas and APAC Addressable Equipment Americas EMEA APAC Market share 2020* 8% 25% 44% 56% 75% 92% 9 Capital Markets Day 2021 26 August 2021 *Glaston estimate
Slide 10: Automotive to recover from lows amid display growth
Automotive & Display equipment Automotive to recover from lows amid display growth Equipment market* Car glazing sets / OEM market (in number of sets) Automotive 120 Millions Growth expectation in 2017 4,1 % CAGR ‘21-’25 100 9% High water mark 80 60 40 Display 20 18% - 2015 2016 2017 2018 2019 2020
Slide 11: Glaston opportunities in integrated automotive and new display glass applications
Automotive & Display highlights Glaston opportunities in integrated automotive and new display glass applications Upstream Downstream Broader offering, Added value Opportunity: “Integrated focus increasingly on downstream Glaston- Laminated Automotive Glass designed Solutions” grinding wheels • Glas
Slide 12: Opportunities for market share increase in Automotive & Display
Automotive & Display highlights Opportunities for market share increase in Automotive & Display Automotive Display Global Global Addressable Equipment Market share 2020* 17% 32% 68% 83% 12 Capital Markets Day 2021 26 August 2021 *Glaston estimate
Slide 13: Installation of solar photovoltaics set to accelerate
Solar equipment Installation of solar photovoltaics set to accelerate Annual PV cap. inst. in GWs PV in GWs Equipment capex drivers Equipment market 160 Solar • Thinner and wider glass in PV modules → new heat treatment 140 Global furnaces 120 • Renewable energy trend 100 continues strong • Latest 5
Slide 14: Continuous customer support
Services Continuous customer support Industry trends Opportunity Impact on customers • Remote support solutions that • Uptime of machinery can solve more complex maximized, less unexpected • Production efficiency problems without having to down time travel to site • Circular economy • Machinery capa
Slide 15: Summary: Opportunities for Glaston
Summary: Opportunities for Glaston Industry segments Regions • The Architectural segment continues to provide • Glaston aims to take share in Americas IG and a strong foundation for Glaston to grow maintain HT’s good market position stronger (IG+HT) and enter adjacent market • EMEA is Glaston’s home
Slide 16: Glass processing industry landscape
Glass processing industry landscape
Slide 17: Glaston Group's products are in the center of the glass processing process
Glaston Group’s products are in the center of the glass processing process Architectural glass Pre-processed glass Heat treated glass Insulated glass Machinery FLOAT PRODUCERS END-USERS Services Automotive, display, appliances and solar glass Pre-processed glass Heat treated glass Finishing Machiner
Slide 18: Customer point-of-view
Customer point-of-view
Slide 19: New Glaston's Wins with Customers - examples
New Glaston’s Wins with Customers - examples Industry/end-use and customer group Deal scope Business Area Scope April 2021: One tempering line, several insulating glass lines, a grinding line, as well as other equipment Insulating Glass, IGU supplier to mainly the Heat Treatment residential window m
Slide 20: Customer survey highlights
Customer survey highlights – Good starting point with clear strengths identified in products and services Top-5 factors in order of performance • Glaston continues to invest in people and technology 7,00 to create products and services that better serve the needs of its customers 6,50 6,00 • The sur
Slide 21: Forward-looking statements disclaimer
This Capital Markets Day 2021 presentation provides future prospects involving risk and uncertainty factors, and other factors as a result of which the performance, operation, or achievements of Glaston may substantially deviate from the estimates. Forward-looking statements relating to future prosp
Slide 22: Thank you!
> www.glaston.net Thank you!