Forbo Holding AG · SIX:FORN
Forbo — Investor Presentation (2023)
45 slides from Forbo's investor presentation, Oct 9, 2023
Slide 1: Company Presentation – The Interface with Daily Life
FORBO GROUP COMPANY PRESENTATION – THE INTERFACE WITH DAILY LIFE
Slide 2: Company Presentation – The Interface with Daily Life
FORBO GROUP COMPANY PRESENTATION – THE INTERFACE WITH DAILY LIFE
Slide 3: A Global Leader in Flooring and Movement Systems
FORBO GROUP A GLOBAL LEADER IN FLOORING AND MOVEMENT SYSTEMS – About 5,400 employees worldwide – International network of 25 production and distribution companies, 6 fabrication centers as well as 47 pure sales organizations – In a total of 39 countries worldwide – CHF 1,293.2 million net sales in 2
Slide 4: Milestones from 1928 to the Present
MILESTONES FROM 1928 TO THE PRESENT 1928 1950 – 1971 1975 – 1994 1994 – 1998 3 linoleum Diversification into Forbo evolves into a Acquisition of manufacturers – related products such world-wide group Siegling, a global German, Swedish and as carpets and vinyl operating on five manufacturer, Swiss –
Slide 5: Milestones from 1928 to the Present
MILESTONES FROM 1928 TO THE PRESENT 2000 – 2001 2002 – 2003 2004 – 2006 2007 New strategy focusing on Adhesives gains world Strategic focus on New branding and four divisions: Linoleum, stature by acquiring three core divisions growth strategy; three Vinyl, Belting and Adhesives. Swift, operating re
Slide 6: Milestones from 1928 to the Present
MILESTONES FROM 1928 TO THE PRESENT 2008 2012 2012 – 2022 Acquisition of the lightweight PVC Focus on leading market Some smaller local acquisitions in North conveyor belting business from positions through the sale America, Asia/Pacific and Europe. Fenner Dunlop in North America as of the industria
Slide 7: Net Sales 2022 – By Division
NET SALES 2022 FORBO GROUP – BY DIVISION TOTAL CHF 1,293.2 MILLION MOVEMENT SYSTEMS CHF 415.2 MILLION 32.1% FLOORING SYSTEMS CHF 878.0 MILLION 67.9%
Slide 8: Net Sales 2022 – By Geographic Areas
NET SALES 2022 FORBO GROUP – BY GEOGRAPHIC AREAS EUROPE CHF 824.1 MILLION 63.7% ASIA/PACIFIC AMERICAS AND AFRICA CHF 283.0 MILLION CHF 186.1 MILLION 21.9% 14.4%
Slide 9: Financial Overview 2022
FINANCIAL OVERVIEW 2022 FORBO GROUP CHF MILLION 2022 2021 NET SALES 1,293.2 1,254.0 OPERATING PROFIT (EBIT) 132.6 179.0 EBIT MARGIN 10.3% 14.3% GROUP PROFIT 101.4 141.2 CHF EQUITY RATIO (SHAREHOLDERS‘ EQUITY/TOTAL ASSETS) 57.3% 53.2% EARNINGS PER SHARE (UNDILUTED) 71.76 91.63 DIVIDEND 23.00 25.00
Slide 10: Financial Overview First Half-Year 2023
FINANCIAL OVERVIEW FIRST HALF-YEAR 2023 FORBO GROUP CHF MILLION H1 2023 H1 2022 NET SALES 615.2 667.3 OPERATING PROFIT (EBIT) 75.2 78.6 EBIT MARGIN 12.2% 11.8% GROUP PROFIT 57.4 60.3 CHF EARNINGS PER SHARE (UNDILUTED) 40.54 42.60
Slide 11: Employees – By Geographic Areas
EMPLOYEES FORBO GROUP – BY GEOGRAPHIC AREAS EUROPE 3,777 70.1% AMERICAS ASIA/PACIFIC 787 AND AFRICA 826 14.6% 15.3%
Slide 12: Executive Board
EXECUTIVE BOARD FORBO GROUP JENS FANKHÄNEL CHIEF EXECUTIVE OFFICER JEAN-MICHEL WINS MARC DEIMLING ANDREAS JAEGER EXECUTIVE VICE PRESIDENT EXECUTIVE VICE PRESIDENT CHIEF FINANCIAL OFFICER FLOORING SYSTEMS MOVEMENT SYSTEMS EXECUTIVE VICE PRESIDENT
Slide 13: Board of Directors
BOARD OF DIRECTORS FORBO GROUP THIS E. SCHNEIDER CHAIRMAN MICHAEL PIEPER DR. PETER ALTORFER CLAUDIA CONINX-KACZYNSKI DR. EVELINE SAUPPER VINCENT STUDER VICE CHAIRMAN VICE CHAIRMAN MEMBER MEMBER MEMBER
Slide 14: Two Divisions with Leading Market Positions
TWO DIVISIONS WITH LEADING MARKET POSITIONS FORBO GROUP Forbo is a leading producer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt technology.
Slide 15: Two Divisions with Leading Market Positions
TWO DIVISIONS WITH LEADING MARKET POSITIONS FORBO GROUP Forbo is a leading producer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt technology.
Slide 16: Flooring Systems
FLOORING SYSTEMS =. ~— r creating better environments
Slide 17: Flooring Systems
FLOORING SYSTEMS A LEADING GLOBAL PLAYER IN LINOLEUM, VINYL AND TEXTILE FLOOR COVERINGS FOR COMMERCIAL AND RESIDENTIAL APPLICATIONS. WORLD LEADER IN LINOLEUM WITH A MARKET SHARE OF ABOUT 70%. − Environmentally sound, functional and design-oriented linoleum in sheet and modular formats − High-quality
Slide 18: Business Segments – Commercial Applications
BUSINESS SEGMENTS COMMERCIAL APPLICATIONS EDUCATION HEALTH CARE AGED CARE Thanks to their excellent functional attributes and attractive designs, our resilient and textile floor coverings are invariably the first choice for a wide range of public and private environments.
Slide 19: Business Segments – Commercial Applications
BUSINESS SEGMENTS COMMERCIAL APPLICATIONS OFFICES, MULTI-UNIT RETAIL ENVIRONMENTS HOSPITALITY AND LEISURE HOUSING, PUBLIC BUILDINGS With our products and continuous innovation it is our ambition to make a positive contribution to the quality of the indoor environment by providing safety, hygiene and
Slide 20: Business Segments – Commercial Applications
BUSINESS SEGMENTS COMMERCIAL APPLICATIONS SURFACE FINISHINGS FOR TRANSPORTATION: BUS, INDOOR SPORTS INDUSTRY, CLEANROOM FURNITURE, DOORS AND COACH, RAIL AND FACILITIES AND HIGH-TECH DECORATIVE PANELS MARINE VESSELS ENVIRONMENTS Outstanding technical performance together with state of the art functio
Slide 21: Business Segments – Residential Applications
BUSINESS SEGMENTS RESIDENTIAL APPLICATIONS LINOLEUM, LUXURY VINYL TILES, CUSHIONED VINYL AND ENTRANCE FLOORING SYSTEMS Our floors are essential to the way people experience quality of life. With our strong brands Novilon, Marmoleum and Coral we offer modern, high-quality versatile floor coverings fo
Slide 22: Product Range Flooring Systems
PRODUCT RANGE FLOORING SYSTEMS LINOLEUM PROJECT VINYL FLOCKED FLOORING Forbo is world leader in linoleum floor coverings with a market share of about A complete range in sheet, A unique durable 70%. A natural product derived from controlled renewable raw materials tile and plank formats, hygienic hi
Slide 23: Product Range Flooring Systems
PRODUCT RANGE FLOORING SYSTEMS CARPET TILES ENTRANCE FLOORING SYSTEMS NEEDLEFELT CUSHION VINYL For demanding rooms and Taking care of cleaning and drying Very durable printed and Leading the cushion vinyl commercial environments, shoes of whoever enters a building plain non-woven textile branded mar
Slide 24: Product Range Building and Construction Adhesives
PRODUCT RANGE BUILDING AND CONSTRUCTION ADHESIVES ACTIVITY FLOORING CERAMIC TILE PARQUETRY LEVELLING PRIMERS AND SURFACE ADHESIVES ADHESIVES AND ADHESIVES COMPOUNDS MOISTURE FINISHINGS GROUTS BARRIERS − Very low VOC- − For in- and − Heavy-duty − Cement, gypsum − Very low VOC- − High-quality emission
Slide 25: 15 Production Sites in 7 Countries
15 PRODUCTION SITES IN 7 COUNTRIES LOCAL ENTITIES IN 27 COUNTRIES FLOOR COVERINGS CHÂTEAU-RENAULT HAZLETON REIMS USA France ASSENDELFT COEVORDEN KROMMENIE Netherlands BUILDING AND KALUGA CONSTRUCTION Russia ADHESIVES GIUBIASCO ERFURT Switzerland Germany BAMBER BRIDGE WORMERVEER KIRKCALDY Netherlands
Slide 26: Key Figures 2022 Flooring Systems
KEY FIGURES 2022 FLOORING SYSTEMS NET SALES CHF 878.0 MILLION EBIT CHF 88.4 MILLION EBIT MARGIN 10.1% EMPLOYEES (FTEs) 2,890 LEGAL ENTITIES 35
Slide 27: Key Figures First Half-Year 2023 Flooring Systems
KEY FIGURES FIRST HALF-YEAR 2023 FLOORING SYSTEMS NET SALES CHF 415.9 MILLION EBIT CHF 52.5 MILLION EBIT MARGIN 12.6% EMPLOYEES (FTEs) 2,881
Slide 28: Why People Choose Forbo Flooring Systems
FLOORING SYSTEMS WHY PEOPLE CHOOSE FORBO FLOORING SYSTEMS − Worldwide, unique, broad and sustainable product offer for commercial and residential applications − Total solutions for every building from «entrance to back door», from «basement to boardroom» − Specialized flooring solutions for high tec
Slide 29: Movement Systems
MOVEMENT SYSTEMS Siegling - total belting solutions
Slide 30: Movement Systems – Among the Three Leading Suppliers Worldwide
MOVEMENT SYSTEMS AMONG THE THREE LEADING SUPPLIERS WORLDWIDE
Slide 31: Product Range Movement Systems
PRODUCT RANGE MOVEMENT SYSTEMS Multi-layered polyester or aramid Multi-layered fabric or non-woven Modules of different types made from fabric belts with special combination based belts with an especially robust homogenous plastics and joined with of coating materials and finishing. structure, makin
Slide 32: Product Range Movement Systems
PRODUCT RANGE MOVEMENT SYSTEMS New product line of homogenous thermo- Multi-layered flat belts with tension Form-fit belts made from homoge- plastic, polyurethane belts that are protect- members made of highly oriented nous plastics with different tension ed from contamination by oil, grease, mois-
Slide 33: Industries and Applications Movement Systems
INDUSTRIES AND APPLICATIONS MOVEMENT SYSTEMS LOGISTICS / AIRPORTS FOOD PAPER AND INDUSTRIAL PAPER PRINTING PRODUCTION There is hardly a production process or link in the supply chain that doesn‘t use fabric based or plastic modular belts.
Slide 34: Industries and Applications Movement Systems
INDUSTRIES AND APPLICATIONS MOVEMENT SYSTEMS RAW MATERIALS SPORTS TEXTILES We are connecting flows of goods and people; in factories, supermarkets, bakeries and airports, at postal hubs and printworks.
Slide 35: Value Creation Chain – From Fabric to Fitted Belts
VALUE CREATION CHAIN – FROM FABRIC TO FITTED BELTS PRODUCTION FABRICATION FITTING − State-of-the-art mixing and multiple − Advanced workshop network − Belting expertise coating technologies − Product and application specific − Close to our customers − Lean, clean and efficient roll know-how − Fast r
Slide 36: 10 Production Sites & 6 Fabrication Centers in 9 Countries
10 PRODUCTION SITES & 6 FABRICATION CENTERS IN 9 COUNTRIES LOCAL ENTITIES IN 32 COUNTRIES PRODUCTION AND FABRICATION CENTERS ITAPEVI Brazil PINGHU SHENYANG China LUNDERSKOV Denmark GARBSEN MALACKY HANOVER Slovakia Germany WALLBACH FUKUROI Switzerland Japan CHARLOTTE TLALNEPANTLA HUNTERSVILLE Mexico
Slide 37: Key Figures 2022 Movement Systems
KEY FIGURES 2022 MOVEMENT SYSTEMS NET SALES CHF 415.2 MILLION EBIT CHF 54.0 MILLION EBIT MARGIN 13.0% EMPLOYEES (FTEs) 2,460 LEGAL ENTITIES 33
Slide 38: Key Figures First Half-Year 2023 Movement Systems
KEY FIGURES FIRST HALF-YEAR 2023 MOVEMENT SYSTEMS NET SALES CHF 199.3 MILLION EBIT CHF 27.2 MILLION EBIT MARGIN 13.6% EMPLOYEES (FTEs) 2,438
Slide 39: Why People Choose Forbo Movement Systems
MOVEMENT SYSTEMS WHY PEOPLE CHOOSE FORBO MOVEMENT SYSTEMS − Worldwide 24/7 hour service − Local production, inventory and fabrication on all continents (fast and market-oriented) − Global project management, technical consultation and on-site services with local staff, as required by the market − Br
Slide 40: Responsibility and Sustainability
RESPONSIBILITY AND SUSTAINABILITY FORBO GROUP Social responsibility and environmental integrity are core values of Forbo: we are committed to protecting the environment and investing in a sustainable future. Through investments in research and development, we are constantly seeking to improve the en
Slide 41: Responsibility and Sustainability
RESPONSIBILITY AND SUSTAINABILITY FORBO GROUP Forbo’s linoleum floor coverings are made from natural raw materials. It is biodegradable and CO2-neutral (cradle to gate), without offsetting. In the manufacture of its heterogenous vinyl floor coverings, Forbo uses phthalate- free plasticizers of the l
Slide 42: Responsibility and Sustainability
RESPONSIBILITY AND SUSTAINABILITY FORBO GROUP Our manufacturing operations have environmental management systems certified under ISO and other international standards. Raw materials and energy are used efficiently; waste is recycled wherever possible. Our state-of-the-art installations are designed
Slide 43: Responsibility and Sustainability
RESPONSIBILITY AND SUSTAINABILITY FORBO GROUP As a responsible manufacturer and employer, Forbo has always complied with health, safety, environmental, and quality standards as a part of our business policy. And we have often been the forerunners in our industries, setting standards and then going s
Slide 44: Responsibility and Sustainability
RESPONSIBILITY AND SUSTAINABILITY FORBO GROUP Growth does not just mean enlargement – it’s also getting better. Better at deploying the potential of our employees, our resources and meeting the requirements of our fast-changing world. Therefore we need the talents of our employees. To enable excelle
Slide 45: The Interface with Daily Life
FORBO GROUP COMPANY PRESENTATION – THE INTERFACE WITH DAILY LIFE AS A GLOBAL LEADER IN FLOORING AND MOVEMENT SYSTEMS, FORBO CREATES BETTER SOLUTIONS FOR ITS CUSTOMERS AND MORE REWARDING PERSPECTIVES FOR ALL ITS STAKEHOLDERS.