Komax Holding Ag · SIX:KOMN
Komax — H1 2015 Earnings Presentation
17 slides from Komax's earnings presentation, Aug 18, 2015
Slide 1: Half-year results 2015 and outlook
Half-year results 2015 and outlook 18 August 2015 18 August 2015 / Half-year results 2015 and outlook / 1 Agenda Half-year results 2015 Outlook Komax – focused on markets in the automation sector Komax Wire Komax Medtech 18 August 2015 / Half-year results 2015 and outlook / 2
Slide 2: First half 2015 in brief; Key figures
First half 2015 in brief Good results Revenues increased by 2.0% to CHF 175.0 million, internal growth of 4.7% Operating profit (EBIT) of CHF 21.4 million, margin of 12.3% Continuing strong balance sheet (equity ratio of 70.7%) Komax Wire Trend in wire-processing towards automation continues Leading
Slide 3: Distribution of net sales by segment and region
Distribution of net sales by segment and region 2014 H1 2014 H1 2015 by segment Komax Wire 81% 82% 84% Komax Medtech 19% k.A. 18% 16% by region Switzerland 3% 3% 2% Europe 46% 52% 48% Africa 9% 8% 8% North/South America 19% 18% 23% Asia 23% 19% 19% 18 August 2015 / Half-year results 2015 and outlook
Slide 4: EBIT development by segment; gross profit margin increase
EBIT development by segment – Komax Wire maintained margin in CHF million 1.3 -2.1 -0.3 22.5 21.4 Scale effects, global footprint and Capacity reserves IAS 19 operational excellence EBIT H1 2014 Wire Medtech Corporate EBIT H1 2015 18 August 2015 / Half-year results 2015 and outlook / 7 Increase in g
Slide 5: Komax Wire – profitable growth; Komax Medtech order intake
Komax Wire – profitable growth Margin Net sales by region 25 0 19.1% 19.0% 19% 2% Asia Switzerland 20 0 in CHF million 139.9 146.9 Net sales 15 0 EBIT 21% North/ 10 0 South America 48% Europe 50 26.7 28.0 10% Africa 0 H1 2014 H1 2015 Change from previous year -5% 0% 5% 10% 15% 20% Continued healthy
Slide 6: Management buyout Komax Solar – Impact on financial statements according to IFRS 5
Management buyout Komax Solar – Impact on financial statements according to IFRS 5 Consolidated Consolidated Consolidated balance sheet income statement cash flow statement Disclosure according IFRS 5 Disclosure according IFRS 5 Disclosure according IFRS 5 Assets classified as Result from No special
Slide 7: Outlook
Outlook We find ourselves in a volatile and uncertain environment. However, the Komax Group is well prepared to deal with this situation thanks to its innovative strength and pronounced customer focus. Nevertheless, the strength of the Swiss franc presents a challenge. We believe we can largely offs
Slide 8: Strategy geared to long-term profitable growth
Strategy geared to long-term profitable growth Business Unit Revenues growth target EBIT margin target Acquisitions Business Unit Wire 3 to 5% ~20% selective Business Unit Medtech -- ~5% -- The evaluation of the strategic options open to the Komax Group that was announced in March is progressing on
Slide 9: Automotive is the most important market in wire-processing
Automotive is the most important market in wire-processing – megatrends support the business of Komax Wire Environmental awareness/ Safety climate change From crash survival to crash avoidance Emissions-free vehicle goal Connected car Affordable cars Integrated information systems control Cost effic
Slide 10: Above average growth in the past despite currency headwind
Above average growth in the past despite headwind resulting from adverse currency effects Komax Wire vs. automotive industry 1997 to 2014 Additional growth drivers support the business: 240 Basis 1997 Advance in new markets other than the 220 automotive industry 200 New concepts for automation/innov
Slide 11: Broad product range from a single hand; market position strengthened
…and offers a broad product range from a single hand Komax Wire – a universal contact partner for Unique network with partners whatever wire-processing challenge Standard machines and customer-specific solutions Accessories including quality monitoring tools and networking solutions Test systems Pro
Slide 12: A structured innovation process leads to value-creating solutions
A structured innovation process… Internal and external sources for innovation INTERNAL SOURCES Around 145 employees in R&D plus additional Know how and competencies 130 people for the engineering of customer-specific applications Optimization of the innovation process to better bridge VALUE ADDING P
Slide 13: Global presence offers great advantages; services and spare parts
Global presence offers great advantages Global product portfolio locally adapted Quick response and short delivery times Geographic diversification • In terms of economic cycles • Currencies Regional autonomy Siting decision of OEMs and tier1-suppliers respectively Strong position in Asia 18 August
Slide 14: Komax Medtech – a structured approach from concept to high volume production
Agenda Half-year results 2015 Outlook Komax – focused on markets in the automation sector Komax Wire Komax Medtech 18 August 2015 / Half-year results 2015 and outlook / 27 Komax Medtech – a structured approach from the concept to high volume production One of the leading players in its niche markets
Slide 15: Focus on self-medication and repeat business; new markets in assembly automation
Focus on self-medication and repeat business, and … Self-medication point of care (T&D) injection inhalation DC fertility pens pumps syringes PMDI DPI BAI Komax Medtech product portfolio T&D: test and diagnostics; DC: disposal cartridge; PMDI: pressurized metered dose inhaler; DPI: dry powder inhale
Slide 16: Contact/Financial calendar; Disclaimer
Contact/Financial calendar Contact Financial calendar Marco Knuchel First Information Industriestrasse 6 on the year 2015 19 January 2016 6036 Dierikon Annual media conference/ Switzerland analysts’ presentation Phone +41 41 455 06 16 2015 results 22 March 2016 marco.knuchel@komaxgroup.com Annual Ge
Slide 17: Half-year results 2015 and outlook
Half-year results 2015 and outlook 18 August 2015 18 August 2015 / Half-year results 2015 and outlook / 33