Slide 1: Media & Analysts' Conference
Media & Analysts’ Conference Tornos Holding Ltd. Zurich, March 9, 2020 Media and Analysts’ Conference Speakers François Frôté – Chairman of the Board Bruno Edelmann – Chief Financial Officer Michael Hauser – Chief Executive Officer Media and Analysts' Conference March 9, 2020 2
Slide 2: Agenda
Media an Analysts’ Conference Agenda Welcome Overall Review François Frôté, Chairman Financial Results 2019 Bruno Edelmann, CFO Management Report Michael Hauser, CEO Questions and Answers Media and Analysts' Conference March 9, 2020 3 Overall Review François Frôté – Chairman of the Board
Slide 3: Key Financials 2018/2019
Overall Review Key Financials 2018/2019 in MCHF 2019 2018 Net sales 205.3 214.9 EBITDA 10.7 19.3 EBIT 6.4 15.5 Net result 5.9 15.3 Net Cash -0.9 35.7 Media and Analysts' Conference March 9, 2020 5 Financial Results 2019 Bruno Edelmann – Chief Financial Officer
Slide 4: Summary and Order Intake
Financial Results 2019 Summary in MCHF 2019 2018 Diff. in % Order Intake 135.5 245.0 -109.5 -44.7% Net Sales 205.3 214.9 -9.6 -4.4% EBITDA 10.7 19.3 -8.6 -44.4% in % of Net sales 5.2% 9.0% EBIT 6.4 15.5 -9.1 -58.5% in % of Net sales 3.1% 7.2% Net Result 5.9 15.3 -9.4 -61.3% in % of Net sales 2.9% 7.
Slide 5: Order Intake Machines - Regions and Industries
Financial Results 2019 Order Intake Machines - Regions 2018 2019 9% 15% 13% Europe Asia 15% Americas 78% 70% Europe remains the core region for Tornos Decline in order intake in all major regions within Europe Fewer orders from Asia and Americas region Potential for improvement in Asia and A
Slide 6: Net Sales and Product Lines
Financial Results 2019 Net Sales 250 214,9 205,3 200 -4.4% 150 MCHF 100 50 0 2018 2019 Negative currency impact of MCHF 1.9 Media and Analysts' Conference March 9, 2020 11 Financial Results 2019 Net Sales – Product Lines 2018 2019 1% 3% 22% 22% Machines Switzerland Machines Asia 55% Service 59% 22%
Slide 7: Income Statement 1/2 and 2/2
Financial Results 2019 Income Statement – 1/2 in % of in % of in MCHF 2019 Sales 2018 Sales Net sales 205.3 214.9 Gross profit 66.4 32.3% 73.6 34.3% Marketing and sales -31.3 -15.2% -30.3 -14.8% General and administrative expenses -18.1 -8.8% -17.8 -8.7% Research and development -10.1 -4.9% -10.1 -4
Slide 8: Change in Net Result; Personnel FTEs per Region
Financial Results 2019 Change in Net Result Net result 2019 negatively affected by lower sales and margin as well as by higher operating cost Media and Analysts' Conference March 9, 2020 15 Financial Results 2019 Personnel – FTEs per Region 2018 2019 175 CH 177 Temporary workers 341 Europe (excl. CH
Slide 9: Balance Sheet and Cash Flow Statement
Financial Results 2019 Balance Sheet in % of in % of in MCHF 31.12.2019 Total BS 31.12.2018 Total BS Cash and cash equivalents 14.4 35.9 Trade receivables 16.9 24.7 Inventories 101.9 81.6 Other current assets 5.7 6.1 Current assets 138.9 82.9% 148.3 84.1% Non-current assets 28.6 17.1% 27.9 15.9% Fin
Slide 10: Outlook and Calendar of events 2020
Financial Results 2019 Outlook The global economy cooled noticeably in 2019 (European) Automotive industry in search of market focus Political uncertainties and protectionist trends dimmed the outlook Quo vadis Coronavirus? CHF strengthened against EUR; SNB in dilemma Medical and electro
Slide 11: Management Report: Panta Rhei
Management Report Michael Hauser – Chief Executive Officer Management Report Introduction Panta Rhei Media and Analysts' Conference March 9, 2020 22
Slide 12: Strategy 2020 and Strategic Measures in 2019
Management Report Strategy 2020 Internationalize Strengthen our Grow through our business. flexibility. Innovation. Establish Tornos’ Enhance our operational Deliver unique services as a excellence. solutions for targeted differentiator. market segments. Media and Analysts' Conference March 9, 2020
Slide 13: New products launched in 2019
Management Report New products launched in 2019 SwissDECO TB Swiss DT 26 S MultiSwiss Chucker Swiss GT 26 + Automation Media and Analysts' Conference March 9, 2020 25 Management Report SwissNano 7 finds avid customers Media and Analysts' Conference March 9, 2020 26
Slide 14: Assessment and Outlook; Priorities and Measures 2020
Management Report Assessment and outlook 2020 Media and Analysts' Conference March 9, 2020 27 Management Report Priorities and measures 2020 Increase top line Cost reduction Development and launch of new machining and service products Realign market focus Media and Analysts' Conference March
Slide 15: Questions & Answers
THANK YOU FOR YOUR ATTENTION QUESTIONS & ANSWERS
Slide 16: Inquiries and Disclaimer
Tornos Holding Ltd. Inquiries Investor and media relations: Bruno Edelmann +41 32 494 42 33 investors@tornos.com / communications@tornos.com For more details on Tornos Group, please refer to www.tornos.com Media and Analysts' Conference March 9, 2020 31 Tornos Holding Ltd. Disclaimer Tornos Holding