Carlo Gavazzi Holding Ag · SIX:GAV

Carlo Gavazzi — Media and Financial Analysts Meeting 2016

28 slides from Carlo Gavazzi's conference presentation, Jun 23, 2016

  1. Slide 1: Media and Financial Analysts Meeting 2016

    Media and Financial Analysts Meeting 2016 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2016 June 23, 2016

  2. Slide 2: Agenda for Today

    Media and Financial Analysts Meeting 2016 AGENDA FOR TODAY WELCOME & OVERVIEW Valeria Gavazzi AUTOMATION COMPONENTS Vittorio Rossi FINANCIAL HIGHLIGHTS Anthony Goldstein Q&A

  3. Slide 3: Welcome

    Media and Financial Analysts Meeting 2016 Welcome Valeria Gavazzi Chairman

  4. Slide 4: Challenges and Opportunities in 2015/16

    Challenges and Opportunities in 2015 / 16  Economic and financial situation in Europe -  Asia-Pacific: Weak economic and business conditions -  Recovered economy in North America +  SNB decision to remove EUR/CHF floor -  Ongoing demand for tailored automation solutions +  Need for more effici

  5. Slide 5: General Overview – Key Figures

    General Overview – Key Figures Key figures CHF million ∆ l.c. Bookings 129.3 +0.2% Operating revenue 130.2 +0.5%

  6. Slide 6: General Overview – Key Figures

    General Overview – Key Figures Key figures CHF million of sales Gross profit 72.2 55.5% EBIT 14.4 11.0% Net income 9.6 7.4%

  7. Slide 7: General Overview - Markets and Products

    General Overview - Markets and Products  Controls slightly below last year – positive contribution from energy management products  Sensors: solid growth of inductive sensors  Switches: Solid-state relays driving sales  Continued investments to enhance and improve Carlo Gavazzi’s product portfol

  8. Slide 8: Dividend Pay-out

    Dividend Pay-out 2016 2015 Ordinary dividend - Bearer share CHF 12.00 CHF 12.00 - Registered share CHF 2.40 CHF 2.40

  9. Slide 9: Automation Components

    Media and Financial Analysts Meeting 2016 Automation Components Vittorio Rossi CEO

  10. Slide 10: 2015/16 Revenue Distribution by Region

    2015/16 Revenue Distribution by Region Asia 14% (14%) North America EMEA 19% (18%) 67% (68%)

  11. Slide 11: General Overview - Geography

    General Overview - Geography  Revenues  Europe: +0.8%  North America: +2.7%  Asia-Pacific: -9.1%  Business development focus  Dedicated programs with distributors in North America (Industrial and Building Automation)  22 own sales companies world wide  Around 60 independent distributors

  12. Slide 12: 2015/16 Revenue by Product Line

    2015/16 Revenue by Product Line Others 7% (7%) Fieldbuses Sensors 5% (6%) 26% (27%) Electro-Mechanical Switching 8% (7%) Solid-State Switching 23% (21%) Controls 31% (32%)

  13. Slide 13: Automation Components Product Innovation (1/5)

    Automation Components Product Innovation (1/5)  Hadsten, Denmark: Sensors devices  Belluno, Italy Monitoring relays, fieldbus, R&D energy management Competence Centers  Zejtun, Malta Solid-state switching devices and motor controllers  New products & current offering update Focus  Energy saving

  14. Slide 14: ICB series – Product Innovation (2/5)

    Automation Components Product Innovation (2/5) Triple sensing-distance inductive sensors ICB series

  15. Slide 15: EM200 series – Product Innovation (3/5)

    Automation Components Product Innovation (3/5) Quick-fit energy meter for multiple load monitoring EM200 series

  16. Slide 16: RG series – Product Innovation (4/5)

    Automation Components Product Innovation (4/5) Solid state relay proportional controllers RG series

  17. Slide 17: RF1 series – Product Innovation (5/5)

    Automation Components Product Innovation (5/5) Mini puck solid state relay RF1 series

  18. Slide 18: Outlook

    Outlook  Global economy and relevant markets expected to grow unevenly at somewhat slower pace  Increased growth expected in the developing countries  Modest improvement expected in the major economies  Focus on geographical coverage by …  improving the effectiveness of the direct sales organiz

  19. Slide 19: Financial Highlights 2015/16

    Media and Financial Analysts Meeting 2016 Financial Highlights 2015/16 Anthony M. Goldstein Chief Financial Officer

  20. Slide 20: Income Statement

    Income Statement (in CHF million) 2015/16 2014/15 Change Bookings 129.3 136.6 - 5.3 % Operating revenue 130.2 137.2 - 5.1 % Gross profit 72.2 75.9 - 4.9 %  in % of revenue 55.5 % 55.3 % Net financial income (exp.), net (0.7) 1.0 EBITDA 17.6 18.1 - 2.8 % EBIT 14.4 14.8 - 2.7 %  in % of revenue 11.0

  21. Slide 21: Analysis of net income

    Analysis of net income (in CHF million) 2015/16 2014/15 Net income 9.6 12.3 Less exchange gain - (1.0) Add exchange loss 0.7 - Less capitalized tax losses - (0.5) Adjusted net income 10.3 10.8

  22. Slide 22: Balance Sheet

    Balance Sheet (at March 31, in CHF million) 2016 2015 Δ CHF Current assets 100.8 97.2 +. 3.6  whereof cash 46.7 45.8 + 0.9 Non-current assets 24.6 23.6 + 1.0  whereof goodwill 6.3 6.1 +0.2 Liabilities 34.0 32.3 + 1.7  whereof interest-bearing 0.2 0.8 - 0.6 Shareholders’ equity 91.4 88.5 + 2.9  e

  23. Slide 23: Shareholders' Equity

    Shareholders’ Equity (in CHF million) 2016 2015 Shareholders’ equity at the beginning of the reporting period 88.5 93.2  equity ratio 73.2 % 72.5 % Net income 9.6 12.3 Currency impact +1.6 - 7.5 Dividends - 8.5 - 8.5 Other + 0.2 - 1.0 Shareholders’ equity at March 31 91.4 88.5  equity ratio 72.9 %

  24. Slide 24: Cash Flow Summary

    Cash Flow Summary (in CHF million) 2015/16 2014/15 Cash flow from operating activities +13.3 +15.0 Cash flow from investing activities - 3.8 - 4.2 Cash flow from financing activities - 9.1 - 8.8 Change in cash and cash equivalents + 0.4 +2.0

  25. Slide 25: Net Cash Position

    Net Cash Position CHF million 60 50 40 30 20 10 0 2011/12 2012/13 2013/14 2014/15 2015/16 net cash position 49.2 52.0 46.1 45.0 46.5 interest, net - 0.1 - - - -

  26. Slide 26: Share Price Development 1.4.2015 – 31.3.2016

    Share Price Development 1.4.2015 – 31.3.2016 280 Carlo Gavazzi Bearer Share SPI Extra Rebased 260 240 220 200 180 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

  27. Slide 27: Share Price over 5 Years

    100 120 140 160 180 200 220 240 260 280 300 I Apr May Jun Jul Aug Sep Oct Nov Dec 2011/12 Jan Feb Mar I Apr May Jun Jul Aug Sep Oct Nov Dec 2012/13 Jan Feb Mar I Apr May Jun Jul Aug Sep Share Price over 5 Years Oct Nov Dec 2013/14 Jan Feb SPI Extra Rebased Mar I Apr May Carlo Gavazzi Bearer Share Ju

  28. Slide 28: Slide 28

Carlo Gavazzi Holding — Media and Financial Analysts Meeting 2016 on 6ix