Bystronic Ag · SIX:BYS

Bystronic — Conzzeta — Baader Swiss Equities Conference 2017

38 slides from Bystronic's conference presentation, Jan 12, 2017

  1. Slide 1: Investor Presentation

    Investor Presentation Michael Willome, Group CEO Baader Swiss Equities Conference, Bad Ragaz January Seite 1 12, 2017vom 9. November 2011 - Robert Suter Konzernleitungs-Sitzung Seite 1 Baader Swiss Equities Conference, Bad Ragaz, January 12, 2017

  2. Slide 2: Disclaimer

    Disclaimer The information in this presentation about the business performance of the Conzzeta Group is of a summary nature only. The information in the Annual Report and half-year report of Conzzeta AG and on the website www.conzzeta.com prevails. Although the greatest possible care was taken with

  3. Slide 3: Content

    Content  Conzzeta  Platforms for growth: Sheet Metal Processing & Chemical Specialties  Build and improve: Sporting Goods & Glass Processing  Financial results summary & Outlook for 2016  Appendix Page 3 Baader Swiss Equities Conference, Bad Ragaz, January 12, 2017

  4. Slide 4: Striving for leading positions in target markets

    Striving for leading positions in target markets Glass Processing ~4’100 people Sheet Metal Processing Net revenue Solutions for architectural & auto- CHF 1’141 m1) Cutting and bending – motive flat glass processing innovative machinery construction 119.9 204.5 Chemical Specialties 570.9 Sporting Go

  5. Slide 5: Further develop footprint in Asia and North America

    Further develop footprint in Asia and North America Net revenue by region1)  ~60% of net revenues from Europe 19% 11%  Regional revenue split broadly stable since 2011  Generally high cost base in Switzerland 20% 50% Need to focus on innovative solutions and selected markets where we can secure l

  6. Slide 6: Conzzeta position and aspiration

    Conzzeta position and aspiration Swiss mid cap industrial portfolio with entrepreneurial anchor shareholders operating in attractive global markets with focus on value creation and dividend Financial aspiration Net sales growth >5% EBIT margin 8-10% RONOA >15% Sheet Metal Sporting Chemical Glass Net

  7. Slide 7: Content

    Content  Conzzeta  Platforms for growth: Sheet Metal Processing & Chemical Specialties  Build and improve: Sporting Goods & Glass Processing  Financial results summary & Outlook for 2016  Appendix Page 7 Baader Swiss Equities Conference, Bad Ragaz, January 12, 2017

  8. Slide 8: Sheet Metal Processing: Innovative machinery construction

    Sheet Metal Processing: Innovative machinery construction Within 30 years from Industry 4.0 manufacturing equipment towards integrated solutions Fiber laser With increased performance of laser Building market Technology shift; source, clients with Bystronic as early emerging need for position adopte

  9. Slide 9: Bystronic with global footprint and sustained growth momentum

    Bystronic with global footprint and sustained growth momentum Net revenue by region1) Net revenue trend; CHF m CAGR 6.8%2) 600 20% 400 Regional growth mainly 54% 200 in NA and Europe Europe 26% Americas Asia / Pacific 0 2010 2015 Net revenue by business segment1) Employees and customers  2’229 empl

  10. Slide 10: Solid top position within served market

    Solid top 3 position within served market Bystronic position vs top 5 peers World Class Manufacturing  Help clients thrive within context of industry 4.0 / smart factory 30% Peer 1 Focus on accessible market Peer 2  Cutting & bending, incl. automation and software  Selectively expand along proces

  11. Slide 11: Strategy execution: Acquisition of DNE Laser, Shenzhen, China

    Strategy execution: Acquisition of DNE Laser, Shenzhen, China Swift transaction  Announced March 30 – closed July 14  520 employees (end of July 2016)  CHF ~51 m revenue (FY 2015) Top Line Trend towards integrated solutions (Industry 4.0) Complementary market positions Global Performance  Bystro

  12. Slide 12: Chemical Specialties: FoamPartner and Schmid Rhyner

    Chemical Specialties: FoamPartner and Schmid Rhyner Net revenue by business unit1) Net revenue trend; CHF m 250 CAGR 3.2%2) 24% 200 Regional growth 150 in Asia largely 100 offset by decline 50 in commercial FoamPartner 76% printing Schmid Rhyner 0 2010 2015 FoamPartner Net revenue by region1)  Lead

  13. Slide 13: Chemical Specialties operating in attractive market segments

    Chemical Specialties operating in attractive market segments Mobility Acoustic and thermal Strengthen regional FoamPartner solutions with applications platforms with focus North e.g. for automotive, railway, America and Asia Net sales 2015 marine or aerospace by segment Specialities Customized solut

  14. Slide 14: Mobility – growth with innovative acoustic and thermal solutions

    Mobility – growth with innovative acoustic and thermal solutions Current focus on automotive engine bay and headliners Benien as global acoustic competence center Broad areas of further applications also in trucks, aerospace; e.g. body insulation, structural damping, acoustic & fire barriers, high t

  15. Slide 15: Specialties – enhanced focus on specific product areas

    Specialties – enhanced focus on specific product areas 17 product groups … … with 5 defined focus areas Clustered for differentiated business Dedicated segment managers and steering based on growth potential, prioritized access to funding size and profitability & application engineering Sealing Surf

  16. Slide 16: Living & Care – capture opportunities in high-end bedding markets

    Living & Care – capture opportunities in high-end bedding markets Protect leading market position in Switzerland & develop business internationally Targeted investments in new solutions and digital distribution channels FoamPartner «Galaxy» Page 16 Baader Swiss Equities Conference, Bad Ragaz, Januar

  17. Slide 17: Coatings – move towards packaging industry well advanced

    Coatings – move towards packaging industry well advanced Schmid Rhyner Flexible packaging solutions within tighter regulatory environment (e.g. food, cosmetics) and pioneering digital varnishing technology Innovative varnishes enable cost-effective product differentiation at point of purchase Page 1

  18. Slide 18: FoamPartner – growth potential primarily in Asia and North America

    FoamPartner – growth potential primarily in Asia and North America Revenue, accessible market Market and expected market growth*  Large flexible PU market by region  Accessible CHF ~6bn  Growth above GDP  Global mobility needs and 120 +4% growing middle class  Fragmented, modular market 100 Dri

  19. Slide 19: FoamPartner to strengthen client focus and accountability

    FoamPartner to strengthen client focus and accountability Region Americas Region Europe Region Asia-Pacific Global market segment Mobility Global market segment Specialties Global market segment Living & Care FoamPartner with new regional organizational structure as per Jan 1, 2017  Clear P&L respo

  20. Slide 20: Content

    Content  Conzzeta  Platforms for growth: Sheet Metal Processing & Chemical Specialties  Build and improve: Sporting Goods & Glass Processing  Financial results summary & Outlook for 2016  Appendix Page 20 Baader Swiss Equities Conference, Bad Ragaz, January 12, 2017

  21. Slide 21: Sporting Goods – business profile Mammut Sports Group

    Sporting Goods – business profile Mammut Sports Group Outdoor clothing and equipment “Absolute Alpine”  Mountaineering, climbing, snow sports,  Clear brand position hiking, trail running  High pace of innovation  Cutting-edge quality and functionality  Global sourcing and scalable  Premium out

  22. Slide 22: Strategic initiatives launched in January 2016

    Strategic initiatives launched in January 2016 Multichannel Management & digitalization  Improved space management (retail and wholesale)  Monitoring of client trends to steer collection  Expand online channel Internationalization  Defined priority locations for strategic growth  Expand network

  23. Slide 23: Glass Processing – business profile Bystronic glass

    Glass Processing – business profile Bystronic glass Solutions for flat glass processing High value adding system solutions  Architectural glass (insulating glass  Full processing solutions from cutting manufacturing, handling) to inspection in cooperation with partners  Automotive glass (pre-proc

  24. Slide 24: Content

    Content  Conzzeta  Platforms for growth: Sheet Metal Processing & Chemical Specialties  Build and improve: Sporting Goods & Glass Processing  Financial results summary & Outlook for 2016  Appendix Page 24 Baader Swiss Equities Conference, Bad Ragaz, January 12, 2017

  25. Slide 25: 2016 HY results – summary

    2016 HY results – summary Muted start into 2016  Below-average order book at YE 2015  Macroeconomic uncertainties Stable Group result of CHF 20.9 (PY CHF 21.2)  Group profit margin stable at 3.8% Higher order entry across segments  Investment goods +14.2%1) Operating performance amidst challengi

  26. Slide 26: Conzzeta Outlook for 2016

    Conzzeta Outlook for 2016 Conzzeta with innovative product portfolio & financial strength Consistent execution of group strategy with long-term perspective Drive internationalization and growth outside DACH region Uncertain macroeconomic outlook  Europe stable growth at low level  Moderate growth

  27. Slide 27: Thank you!

    Thank you! Seite 27 Baader Swiss Equities Conference, Bad Ragaz, January 12, 2017

  28. Slide 28: Content

    Content  Conzzeta  Platforms for growth: Sheet Metal Processing & Chemical Specialties  Build and improve: Sporting Goods & Glass Processing  Financial results summary & Outlook for 2016  Appendix Page 28 Baader Swiss Equities Conference, Bad Ragaz, January 12, 2017

  29. Slide 29: Conzzeta in transition

    Conzzeta in transition Business  2014 Divestment ixmation Portfolio  2014 Acquisition Benien  2015 Spin-off PLAZZA  2016 Acquisitions Hydra, DNE Laser, FMG Transparency  2014 Early adoption of Swiss GAAP FER 31; Enhanced segment reporting Corporate  2014 Merger with Tegula AG; Governance revis

  30. Slide 30: Group strategy

    Group strategy Conzzeta is developing a business Innovative solutions for our clients, portfolio in markets with potential for regional expansion and operational above average growth and sustainable excellence combine to provide long-term value creation by securing leading returns in the top quartil

  31. Slide 31: Key figures as per HY 2016

    Key figures as per HY 2016 (in CHF m) 1HY16 1HY15 ∆ Net revenue 524.6 543.7 -3.5% Comparable: -3.8%1) Operating result (EBIT) 26.2 36.5 -28.4% Comparable: -18.1%1) EBIT margin 4.8% 6.6% Group result 20.9 21.2 -1.7% Driven by higher order Net operating assets 430.0 413.3* +4.0% backlog for 2HY16 Bala

  32. Slide 32: Sheet Metal Processing – results update

    Sheet Metal Processing – results update CHF m 1HY16 1HY15 ∆ Operational performance  Moderate start into 2016 Net revenue 256.8 265.7 -3.4%  Comparable net revenue -4.5%  Below-average backlog per YE 2015 Operating 17.7 26.8 -33.8%  Growth in Asia; net sales in US and result (EBIT) European mark

  33. Slide 33: Sporting Goods – results update

    Sporting Goods – results update CHF m 1HY16 1HY15 ∆ Operational performance  International growth in target markets, Net revenue 101.4 99.3 +2.1% partly offset by decline in DACH region Operating  Growth in hardware broadly offset by -4.5 -5.9 +23.3% decline in apparel result (EBIT)  Comparable n

  34. Slide 34: Chemical Specialties – results update

    Chemical Specialties – results update CHF m 1HY16 1HY15 ∆ Operational performance  Growth in Asia and the US Net revenue 111.0 103.4 +7.3%  Comparable net revenue +2.7%  Favorable margin development from Operating 12.5 8.9 +40.2% cost, product mix and fx trends result (EBIT)  Flat revenue trend

  35. Slide 35: Glass Processing – results update

    Glass Processing – results update CHF m 1HY16 1HY15 ∆ Operational performance  Weaker results in automotive, after Net revenue 55.2 64.8 -14.8% exceptionally strong PY Operating  Growth and solid order entry in 2.1 5.0 -58.0% architectural glass across regions result (EBIT)  Comparable net revenu

  36. Slide 36: Development of Net revenue 1HY16

    Development of Net revenue 1HY16 (in CHF m) 1HY15 544 Volume decline driven by investment goods, partly Volume offset by growth with -21 -3.8% and price chemical specialties and sporting goods Change in -6 -1.1% scope FX +8 +1.4% translation 1HY16 525

  37. Slide 37: Development of EBIT 1HY16

    Development of EBIT 1HY16 (in CHF m) 1HY15 37 Volume and +1 product mix Personnel -5 Approx. 50% of cost expenses increase linked to OpEx & specific growth and -3 efficiency initiatives depreciation Change in Scope -4 & FX translation 1HY16 26 Page 37 Baader Swiss Equities Conference, Bad Ragaz, Jan

  38. Slide 38: Conzzeta AG

    Conzzeta AG Giesshuebelstrasse 45 CH-8045 Zurich www.conzzeta.com Phone +41 44 468 24 44 investor@conzzeta.com Seite 38 Baader Swiss Equities Conference, Konzernleitungs-Sitzung vom 9. November Bad Ragaz, 2011January - Robert12, Suter 2017

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