Carlo Gavazzi Holding Ag · SIX:GAV

Carlo Gavazzi — Investor Presentation (June 2012)

31 slides from Carlo Gavazzi's investor presentation, Jun 28, 2012

  1. Slide 1: Carlo Gavazzi Holding AG

    Media and Financial Analysts Meeting 2012 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2012 June 28, 2012

  2. Slide 2: Agenda for Today

    Media and Financial Analysts Meeting 2012 AGENDA FOR TODAY WELCOME & INTRODUCTION Valeria Gavazzi OVERVIEW & OUTLOOK Giovanni Bertola AUTOMATION COMPONENTS Vittorio Rossi FINANCIAL HIGHLIGHTS Anthony Goldstein Q&A

  3. Slide 3: Welcome

    Media and Financial Analysts Meeting 2012 Welcome Valeria Gavazzi Chairman

  4. Slide 4: Media and Financial Analysts Meeting 2012

    Media and Financial Analysts Meeting 2012

  5. Slide 5: Challenges and Opportunities

    Media and Financial Analysts Meeting 2012 Challenges and Opportunities  Financial situation in Europe -  Emerging markets +  Renewable energy -  New products and niche markets +  R&D and product management +

  6. Slide 6: General Overview - Key figures

    Media and Financial Analysts Meeting 2012 General Overview Key figures (CHF million) Operating revenue 142.8 -21.5% (-13.3% in l.c.) EBITDA 24.6 -31.1% Net income 16.8 -26.0% Equity Ratio 72.9% +5.8 pct points

  7. Slide 7: Dividend Payout

    Media and Financial Analysts Meeting 2012 Dividend Payout Ordinary Dividend 2012 2011* Bearer share CHF 12.00 CHF 10.00 Registered share CHF 2.40 CHF 2.00 * In 2011, a jubilee dividend was distributed in addition to the ordinary dividend

  8. Slide 8: Overview & Outlook

    Media and Financial Analysts Meeting 2012 Overview & Outlook Giovanni Bertola Vice-Chairman

  9. Slide 9: Revenue evolution analysis

    Revenue evolution analysis 200 180 160 140 120 million CHF 100 CHF 181.9 80 EUR CHF 149.6 142.8 EUR EUR 135.9 60 117.8 99.6 40 20 0 FY 2009/10 FY 2010/11 FY 2011/12

  10. Slide 10: Revenue development

    Revenue development (CHF million) 181.9 -14.9 (-8.2%) -19.6 -4.6 142.8 (-10.8%) (-2.5%) (-21.5%) FY 2010/11 FX Renewable Others FY 2011/12 energy

  11. Slide 11: General Overview - Markets and Products

    General Overview - Markets and Products  Priority markets growth outperforming overall sales  High growth rate in soft starters and fieldbus products  From solar farms to roof-top applications  Deployment of Product management dedicated to „Asia for Asia“ products

  12. Slide 12: General Overview - Geography

    General Overview - Geography  Revenue  Europe: - 18%  North America: + 12%  Asia and Pacific: + 5%  Expansion of sales network  Consolidation in China  Resident engineers in India and Taiwan  Growth in Mexico  South America coverage

  13. Slide 13: Outlook

    Outlook  ACBU aims to increase revenues at a higher rate than market growth  The strategy to achieve this challenging goal is based on:  Consolidation of today‘s business  Entry in new markets exploiting organic growth

  14. Slide 14: Outlook

    Outlook Strategic objective Actions  Reducing Europe dependence by expanding into attractive Grow as a global geographies (by size and/or growth speed): North America, Asia player Pacific, Latin America, Eastern Europe and Middle East deploying resident engineers and setting up new subsidiaries  S

  15. Slide 15: Automation Components

    Media and Financial Analysts Meeting 2012 Automation Components Vittorio Rossi CEO

  16. Slide 16: Increasing Revenue Share outside Europe

    Automation Components Increasing Revenue Share outside Europe Asia 10% (9%) North America 15% (12%) EMEA 75% (79%)

  17. Slide 17: 2011/12 Revenue by Product Line

    Automation Components 2011/12 Revenue by Product Line Others Inverters 7% (7%) 1% (8%) Sensors Fieldbuses 26% (22%) 7% (5%) Electro-Mechanical Switching 8% (8%) Solid-State Switching 19% (16%) Controls 32% (34%)

  18. Slide 18: Product Innovation (1/4)

    Automation Components (ACBU) Product Innovation (1/4)  Hadsten, Denmark: Sensors devices  Belluno, Italy R&D Monitoring relays, fieldbus, Competence energy management Centres  Zejtun, Malta Solid-state switching devices and motor controllers  New products & current offering update Focus  Energy

  19. Slide 19: Product Innovation (2/4) - EM series

    Automation Components (ACBU) Product Innovation (2/4) MID certified energy meters EM series

  20. Slide 20: Product Innovation (3/4) - M18 series

    Automation Components (ACBU) Product Innovation (3/4) Built-in microprocessor photoelectric sensors M18 series

  21. Slide 21: Product Innovation (4/4) - RGC series

    Automation Components (ACBU) Product Innovation (4/4) Integrated current measurement solid state relay RGC series

  22. Slide 22: Financial Highlights 2011/12

    Media and Financial Analysts Meeting 2012 Financial Highlights 2011/12 Anthony M. Goldstein Chief Financial Officer

  23. Slide 23: Income Statement

    Media and Financial Analysts Meeting 2012 Income Statement (in CHF million) 2011/12 2010/11 Change in % in CHF in l.c. Bookings 139.6 185.6 -24.8 % - 17.0 % Operating revenue 142.8 181.9 - 21.5 % - 13.3 % Gross profit 78.6 98.5 - 20.2 %  in % of revenue 55.1 % 54.2 % Other op. income (exp.), net 3.

  24. Slide 24: Balance Sheet

    Balance Sheet (at March 31, in CHF million) 2012 2011 Δ CHF Current assets 110.0 130.9 - 20.9  whereof cash 50.9 58.0 - 7.1 Non-current assets 22.2 24.2 - 2.0  whereof goodwill 6.6 7.0 - 0.4 Liabilities 35.9 51.0 - 15.1  whereof interest-bearing 1.6 2.9 - 1.3 Shareholders’ equity 96.3 104.1 - 7.8

  25. Slide 25: Shareholders' Equity

    Shareholders’ Equity (in CHF million) 2012 2011 Shareholders’ equity at the beginning of the reporting period 104.1 92.0  equity ratio 67.1 % 65.4 % Net income 16.8 22.7 Currency impact - 6.3 - 7.4 Dividends - 17.8 - 3.6 Other - 0.5 0.4 Shareholders’ equity at March 31 96.3 104.1  equity ratio 72.

  26. Slide 26: Cash Flow

    Cash Flow (in CHF million) 2011/12 2010/11 Cash flow from operating activities 16.5 21.8 Cash flow from investing activities - 2.4 - 4.5 Cash flow from financing activities - 18.9 - 4.0 Change in cash and cash equivalents - 4.8 13.3

  27. Slide 27: Net Cash Position

    Net Cash Position CHF million 60 50 40 30 20 10 0 2007/08 2008/09 2009/10 2010/11 2011/12 net cash position 21.1 29.7 44.4 55.1 49.2 interest, net 0.7 0.5 -0.2 0.1 -

  28. Slide 28: Share Price Development 1.4.2011 – 31.3.2012

    Share Price Development 1.4.2011 – 31.3.2012

  29. Slide 29: Share Price over 5 Years

    CARLO GAVAZZI ON Nal 2007/08 2008/09 2009/10 2010/11 2011/12 CARLO GAVAZZ| BEARER SHARE SPI EXTRA™ (REBASED)

  30. Slide 30: Thank you

    Media and Financial Analysts Meeting 2012 Thank you

  31. Slide 31: Carlo Gavazzi Holding AG

    Media and Financial Analysts Meeting 2012 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2012 June 28, 2012

Carlo Gavazzi Holding — Investor Presentation (June 2012) on 6ix