Slide 1: Semiannual results 13/14 October 2005
Semiannual results 13/14 October 2005
Slide 2: Gefran Group: European leader in industrial automation
01 Gefran Group is one of the European Leader in industrial automation. With 30 years of experience, Gefran designs and produces sensors, electronic components, servo drives and control systems for automation of industrial machines and processes in a variety of industries. In 2004 sales reached 102
Slide 3: Gefran Products
02 Gefran Products SENSORS COMPONENTS Measurement of Indication and Regulation process variables of process variables INDUSTRIAL PROCESSES SYSTEMS AUTOMATION AND Hardware & Software for Automation CONTROL and Control of machines and industrial processes MOTION CONTROL Motion regulation of CC and AC
Slide 4: Turnover by Business Areas
03 Turnover by Business Areas 30/06/2005 Sensors 27,1% Drives 38,1% Components 22,5% Sensors 25,6% Systems Drives 12,3% 38,3% Components 20,5% Systems 30/06/2004 15,7%
Slide 5: Market
04 Market PLASTICS AND SYSTEM RUBBER INTEGRATORS PACKAGING INDUSTRIAL LIFT OEM* END USERS AUTOMATION WOOD WORKING TEXTILES DISTRIBUTORS FOOD AND DRINK *Original Equipment Manufacturer METAL WORKING GLASSWARE HVAC
Slide 6: Turnover by Geographical Area
05 Turnover by Geographical Area 30/06/2005 Europe non UE UE 7,8% 22,6% North America 6,9% South America 3,6% Italy 45,0% Asia 30/06/2004 13,6% Europe non UE UE Rest of the 6,8% 20,4% world North America 0,4% 6,3% South America 2,9% Italy 48,2% Asia 14,9% Rest of the world 0,5%
Slide 7: Global presence
06 Global presence Over the years Gefran developed a strong international direct presence in western markets, and in fast growing markets, as China and Brasil. Global coverage is ensured by more than 70 authorized distributors all over the world
Slide 8: Gefran points of strengths
07 Gefran point of strenghts More than 30 years of know-how in Industrial Automation The ability to work with the customer in developing automation solutions is the result of 30 years spent solving technical and technological issues from industry leaders A uniquely complete product line for Indust
Slide 9: Key Financials
KEY FINANCIALS
Slide 10: Key Financials: Profit&Loss
09 Key Financials: Profit&Loss (‘000 Euro) 1st H 2005 1st H 2004 Var % Turnover 49.643 54.069 - 8,2% Value Added 30.695 31.384 - 2,2% As % on turnover 61,8% 58% EBITDA 5126 5213 -1,7% EBITDA % on turnover 10,3% 9,6% EBIT 2917 3122 -6,6% EBIT % on turnover 5,9% 5,8% EBT 4352 3339 + 30,3% Starting fro
Slide 11: Key Financials: Reclassified assets & liabilities
10 Key Financials: Reclassified assets & liabilities (‘000 Euro) 30.6.2005 30.6.2004 Net Working Capital 29.788 32.813 Net assets 42.407 41.443 Severance indemnity and (8.941) (8.675) other funds Net Invested Capital 63.254 65.581 Financed by Short term borrowing 14.000 15.305 (available funds) Medi
Slide 12: Key Financials: Consolidated Cash Flow
11 Key Financials: Consolidated Cash Flow (‘000 Euro) 31.6.2005 31.6.2004 Initial available funds 20.563 29.070 Self-financing 5.414 3.646 Change in working capital (4.306) (2.400) Cash flow from operating activities 1.108 1.246 Cash flow from investment activities (3.250) (2.055) Cash flow from fin
Slide 13: Business area: Components
12 Business area: COMPONENTS EUROPE 38% TURNOVER ITALY 21.000 48% 16.000 11.494 11.543 US ROW 1% 11.000 10% ASIA 6.000 3% 1.000 25,00% June 04 June 05 EBITDA 20,00% Stable turnover 15,00% profitability slightly increasing 10,90% 11,70% sourcing of materials from 10,00% China 5,00% 0,00% June 04 June
Slide 14: Business area: Systems
13 Business area: SYSTEMS TURNOVER ITALY 84% 21.000 EUROPE 16.000 6% ASIA 11.000 8.818 10% 6.323 EBITDA 6.000 25,00% 1.000 June 04 June 05 20,00% 15,00% Slow down of the demand for 10,00% 6,40% plastic machinery in Italy 5,00% High impact of fixed costs 0,00% -6,10% negative ebitda -5,00% Early sign
Slide 15: Business area: Sensors
14 Business area: SENSORS EUROPE 27% US TURNOVER 18% 21.000 ITALY 37% 16.000 14.371 13.886 ASIA 17% 11.000 ROW 1% 6.000 1.000 25,00% EBITDA* 20,80% June 04 June 05 20,00% 15,00% 14,00% Sales - 3,4% vs 2004 , slow down in 10,00% Asia Good results in profitability, thanks to 5,00% production rationali
Slide 16: Business area: Motion Control
15 Business area : MOTION CONTROL TURNOVER EUROPE 25.000 34% 21.517 19.534 20.000 ITALY US 40% 15.000 8% ASIA 10.000 18% 5.000 25,00% EBITDA* 0 20,00% June 04 June 05 15,00% Sales - 9,2% partly due to delays in the start up of China production unit 10,00% Better outlook for 2H05 4,50% 5,00% Recovery
Slide 17: 2006 view
Gefran Group 2006 view e9eeeee 0
Slide 18: Outlook 2006: Systems and Components
17 OUTLOOK 2006 SYSTEMS Grow in ASIA (Taiwan, China, Korea) Complete product range with mid-size product and accessories Complete field bus range Optimize cost structure COMPONENTS Upscale toward higher automation degrees and homogenize with Systems Improve our capabilities to customize
Slide 19: Outlook 2006: Sensors and Motion Control
18 OUTLOOK 2006 SENSORS Leverage on redesigned products in Melt and Position sensors Operational effectiveness through new layout and manufacturing processes Grow in Asia through synergies with SIEI Asia organization; new trading company to strengthen commercial presence MOTION CONTROL Succe
Slide 20: Gefran spa contact details
Gefran spa Via Sebina, 74 - 25050 Provaglio d’Iseo (BS) Italy Tel. +39 030 9888.1 - Fax +39 030 9839063 - www.gefran.com For more information Investor relator Giovanna Franceschetti - Tel. +39 030 98 88 237 - g.franceschetti@gefran.com