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Wendel — Mecatherm — Investor Day (December 2013)

11 slides from Wendel's investor day presentation, Dec 5, 2013

  1. Slide 1: Mecatherm - Wendel Investor Day

    Mecatherm Wendel Investor Day Olivier Sergent 5 December 2013

  2. Slide 2: Company profile

    Company profile  World leader in industrial bakery equipment  Mecatherm designs, develops, assembles and installs automated production lines exclusively for industrial bakeries  Mecatherm covers a wide market for production lines with its three complementary solutions: – High capacity line for “c

  3. Slide 3: Mecatherm products

    Mecatherm products  High-capacity line: “convenience” baguettes and crusty bread  “Premium” line: artisan quality bread and baguettes  “Varietee” line: buns, brioches, loaves of bread, pastries Investor Day 2013 – December, 5 3

  4. Slide 4: After difficult 2012, Mecatherm is back on strong growth trend in order intakes

    After difficult environment in 2012, Mecatherm is back on strong growth trend in order intakes  Strong growth in order intakes: +51% vs. 2012*, led by historical segment & mature markets  Record level of LTM order intakes of over €100M* 120 108 +51% By type of equipment By 100 region By type of cu

  5. Slide 5: Update on initiatives successfully implemented in 2013 (1/3)

    Update on initiatives successfully implemented in 2013 (1/3)  New products & processes – New « HQ line » to produce High Quality bread at the same price as « white » bread – Two innovations presented at the IBIE tradeshow in Las Vegas in October 2013 • In-line MECAFLOW • HQ oven  New types of brea

  6. Slide 6: Update on initiatives successfully implemented in 2013 (2/3)

    Update on initiatives successfully implemented in 2013 (2/3)  Successful entry into new geographies with very strong potential – Algeria: state program of rationalization of bread production – India: emergence of mass-market food retailers requiring professional equipment suppliers – Brazil: indust

  7. Slide 7: Update on initiatives successfully implemented in 2013 (3/3)

    Update on initiatives successfully implemented in 2013 (3/3)  New geographical coverage – Opening of a fully owned subsidiary in Dubai to specifically cover MECATHERM’s activity in Middle East, India and Africa  New emphasis on financing solutions (used in 2013 in Poland, Romania, Argentina..) – L

  8. Slide 8: Key figures

    Key figures €M FY 2012A H1 2012A H1 2013A Δ Sales 73.1 29.6 32.1 +8.5% EBITDA 7.8 0.8 3.2 +300.1% As a % of sales 10.7% 2.7% 10.0% Net debt 61.5 66.9 58.7  H1 results not representative of full year trend due to: – Significant seasonality in order intakes in 2012-2013 – Structurally lower performan

  9. Slide 9: MECATHERM's strategy

    MECATHERM’s strategy  MECATHERM to consolidate « the baguette » business model and replicate to other mass-market products by : – Proposing adapted solutions • From single highly-specialized modules • To complete turnkey systems – Addressing customers with adapted commercial approach from key accou

  10. Slide 10: Next steps towards « Mecatherm 2020 » strategic plan

    Next steps towards « Mecatherm 2020 » strategic plan  « Mecatherm 2020 » strategic plan targets €400M in sales and €70M in EBITDA (18% margin) while maintaining the industrial model with a flexible cost base through: – Industrial organization • Implementation of a new ERP • Development of manufactu

  11. Slide 11: Investor Day 2013 – December, 5

    Investor Day 2013 – December, 5 11

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