Metall Zug Ag Class B · SIX:METN

Metall Zug Ag Class B — Investor Presentation (March 2021)

45 slides from Metall Zug Ag Class B's investor presentation, Mar 18, 2021

  1. Slide 1: Welcome

    WELCOME Investor Presentation, March 18, 2021 Martin Wipfli, Chairman of the Board of Directors Daniel Keist, CFO Investor Presentation FY 2020 / March 2021 1

  2. Slide 2: Content

    METALL ZUG GROUP CONTENT 1. Metall Zug Group - Overview FY 20 2. Group Financial Report FY 20 3. Business Units − Wire Processing − Medical Devices − Infection Control − Other − Technologycluster & Infrastructure − Household Appliances 4. Information for Investors Investor Presentation FY 2020 / Mar

  3. Slide 3: A short look back

    METALL ZUG GROUP A SHORT LOOK BACK before 2008 2009 2010 2011 2012 2013 2014 2015 2018 2019 2020 Major acquisitions Spin-offs Investor Presentation FY 2020 / March 2021 3

  4. Slide 4: Before the spin-off of V-ZUG

    METALL ZUG GROUP BEFORE THE SPIN-OFF OF V-ZUG FY 20: Gross sales CHF 826.3 million; EBIT CHF 15.5 million; Net result CHF 14.3 million Household Infection Medical Wire Other Appliances Control Devices Processing Metall Zug AG Technologycluster & Infrastructure Investor Presentation FY 2020 / March 2

  5. Slide 5: The "new" Metall Zug: a solid investment on two strong pillars

    METALL ZUG GROUP THE “NEW” METALL ZUG: A SOLID INVESTMENT ON TWO STRONG PILLARS Industry Tech Cluster Zug Area of approx. 60’000 sqm in Zug Med Tech 30% stake in V-ZUG Holding AG (market capitalization V-ZUG Holding AG, Dec 31, 2020: CHF 567.6 million) Book value of land: CHF 36.0 million (green, da

  6. Slide 6: 2020 at a glance

    METALL ZUG GROUP 2020 AT A GLANCE – Strong impact of COVID-19 – Spin-off of V-ZUG – Turnaround Infection Control confirmed – Schleuniger strengthens position «best in test» by the acquisition of Cirris in the US – Haag-Streit takes important strategic step by acquiring VRmagic – Tech Cluster Zug sig

  7. Slide 7: What we expected for 2020

    METALL ZUG GROUP WHAT WE EXPECTED FOR 2020 What we planned for 2020 and what we achieved Spin-off Resist to challenging market conditions in Strong impact of the automotive industry COVID-19 Continue investments in new products, digitization and Strong impact of operational excellence COVID-19 Grow

  8. Slide 8: What we expected for 2020

    METALL ZUG GROUP WHAT WE EXPECTED FOR 2020 What we planned for 2020 and what we achieved Other Improve project management and operational excellence Acquire new projects Reduce negative EBIT Strong COVID-19- impact on sales; Negativ EBIT impact could be limited Investor Presentation FY 2020 / March

  9. Slide 9: Metall Zug after the spin-off of V-ZUG

    METALL ZUG GROUP METALL ZUG AFTER THE SPIN-OFF OF V-ZUG Other 13% 30% 27% MedTech: ~68% incl. Belimed Life Science (7.1%) 30% (Net sales 3rd FY 20) Investor Presentation FY 2020 / March 2021 9

  10. Slide 10: Group Financial Report FY 2020

    GROUP FINANCIAL REPORT FY 2020

  11. Slide 11: Key figures 2020

    GROUP FINANCIAL REPORT KEY FIGURES 2020 CHF million 2020 2019 Δ Comment Decline of adjusted Gross sales: -7.8% (V-ZUG spin- Gross sales 826.3 1’219.8 -32.3% off: -23.8%, FX effect: -1.7%, Acquisition effect: 1%) 2019: incl. provision for soil remediation of CHF Operating result (EBIT) 15.5 38.8 -60.

  12. Slide 12: Gross sales analysis

    GROUP FINANCIAL REPORT GROSS SALES ANALYSIS ORGANIC GROWTH SPIN OFF V-ZUG EXTERNAL FX REPORTED Gross sales in million CHF Investor Presentation FY 2020 / March 2021 12

  13. Slide 13: Operating income (EBIT) analysis

    GROUP FINANCIAL REPORT OPERATING INCOME (EBIT) ANALYSIS OPERATIONAL (BUs) CORPORATE EBIT in million CHF Investor Presentation FY 2020 / March 2021 13

  14. Slide 14: Net sales by business unit and region

    GROUP FINANCIAL REPORT NET SALES 3RD BY BUSINESS UNIT AND REGION by Business Unit by Region Other Asia/Pacific/Others 13% 9% (12%) (7%) Wire Processing Household 18% Appliances (17%) Switzerland 32% 36% (45%) (45%) Americas 24% (22%) Medical Europe w/o Switzerland Devices Infection 27% 21% Control (

  15. Slide 15: Overview 2020

    METALL ZUG GROUP OVERVIEW 2020 – Group gross sales of CHF 826.3 million (FY 19: CHF 1’219.8 million incl. V-ZUG) – Spin off of V-ZUG as of June 25, 2020 – Household Appliances: Gross sales HY 1/20 of CHF 261.9 million included – Infection Control: Only slightly lower organic sales of -1.1%, despite

  16. Slide 16: Income statement

    GROUP FINANCIAL REPORT INCOME STATEMENT CHF million 20201) in % 2019 in % Comment Gross sales 826.3 100.0 1’219.8 100.0 Gross sales V-ZUG 2nd half year 2019: CHF 289.9 million Net sales 810.5 98.1 1’195.7 98.0 Cost of materials (incl. change in inventories) -289.6 -35.0 -425.1 -34.8 Effect of spin-o

  17. Slide 17: Cash flow statement

    GROUP FINANCIAL REPORT CASH FLOW STATEMENT CHF million 20201) 2019 Comment Cash flow from operating activities 60.2 56.9 - of which taxes paid -14.1 -20.0 Cash flow from investing activities -63.2 -20.7 - of which investments in tangible assets -38.1 -79.7 Includes in 2020 the purchase of a 76.9% st

  18. Slide 18: Balance sheet

    GROUP FINANCIAL REPORT BALANCE SHEET CHF million 20201) in % 2019 in % Comment Cash and cash equivalents / securities 72.3 11.4 156.0 14.4 Other current assets 244.4 38.5 449.4 41.5 Current assets 316.7 49.9 605.4 55.9 Tangible assets 166.1 26.1 401.4 37.1 Metall Zug holds 30.27% in V-ZUG Holding AG

  19. Slide 19: Net cash

    GROUP FINANCIAL REPORT NET CASH CHF million 2020 2019 Comment Total cash / securities 72.3 156.0 Impact of Spin-off V-Zug CHF 65.1 million Current financial liabilities 0.3 0.3 Long-term financial liabilities 4.4 4.7 Total financial liabilities 4.7 5.0 Net cash 67.6 151.0 Treasury shares (CHF millio

  20. Slide 20: Business Units

    NG —_ az METALL ZUG BUSINESS UNITS

  21. Slide 21: Wire Processing

    WIRE PROCESSING FY 20: NET SALES CHF 146.6 MILLION, EBIT CHF –6.0 MILLION Investor Presentation FY 2020 / March 2021 21

  22. Slide 22: Key figures and overview

    WIRE PROCESSING KEY FIGURES AND OVERVIEW Net sales by region CHF million 2020 2019 Δ 23% 1% (21%) (1%) Net sales to third parties 146.6 201.4 -27.2% Switzerland Operating result (EBIT) -6.0 9.8 -161.1% Europe (excl. CH) EBIT margin in % -4.1 4.9 -900bp Americas Asia / Pacific / Others 44% – Sales an

  23. Slide 23: Strategic priorities

    WIRE PROCESSING STRATEGIC PRIORITIES – Continuing the transformation of Schleuniger from a high-quality machine manufacturer and solution provider into a strategic system partner for its customers – Expand the product range for the automotive industry and in the automotive value chain, including IT-

  24. Slide 24: Medical Devices

    MEDICAL DEVICES FY 20: NET SALES CHF 166.7 MILLION, EBIT CHF -4.4 MILLION Investor Presentation FY 2020 / March 2021 24

  25. Slide 25: Key figures and overview

    MEDICAL DEVICES KEY FIGURES AND OVERVIEW CHF million 2020 2019 Δ Net sales by region 18% 5% Net sales to third parties 166.7 204.9 -18.6% (19%) (4%) Operating result (EBIT) -4.4 16.5 -126.9% Switzerland EBIT margin in % -2.7 8.1 -1080bp Europe (excl. CH) Americas Asia / Pacific / Others – Adjusted b

  26. Slide 26: Strategic priorities

    MEDICAL DEVICES STRATEGIC PRIORITIES − Increase margins based on operational excellence including digitization of processes − Invest in the development of leading products − Explore benefits from digitization of products and services − Secure potential from geographic expansion and increase market s

  27. Slide 27: Infection Control

    INFECTION CONTROL FY 20: NET SALES TO THIRD PARTIES CHF 164.5 MILLION; EBIT CHF 8.9 MILLION Investor Presentation FY 2020 / March 2021 27

  28. Slide 28: Key figures and overview

    INFECTION CONTROL KEY FIGURES AND OVERVIEW CHF million 2020 2019 Δ Net sales by region 7% (5%) Net sales to third parties 164.5 170.4 -3.5% 19% (20%) Switzerland Operating result (EBIT) 8.91) 0.92) 888.9% Europe (excl. CH) EBIT margin in % 5.4 0.5 +490bp Americas 1) incl. a profit from the sale of a

  29. Slide 29: Strategic priorities

    INFECTION CONTROL STRATEGIC PRIORITIES – Benefit from reduced complexity of the business structure and processes as a pure player – Increase market share in the US and APAC – Further expand the Consumables and Service business – Initiate / prepare for acquisitions and co-operations to strengthen Bel

  30. Slide 30: Other: Belimed Life Science, Gehrig Group, Metall Zug AG

    OTHER: BELIMED LIFE SCIENCE, GEHRIG GROUP, METALL ZUG AG FY 20: NET SALES CHF 74.1 MILLION; EBIT CHF –1.1 MILLION Investor Presentation FY 2020 / March 2021 30

  31. Slide 31: Key figures and overview

    OTHERS KEY FIGURES AND OVERVIEW CHF million 2020 20191) Δ Net sales to third parties 74.1 75.4 -1.7% Operating result (EBIT) -1.1 -11.1 90.1% EBIT margin in % -1.4 -14.7 +1330bp 1) The segmentation was revised due to the spin-off of the V-ZUG Group. In order to ensure comparability, the year 2019 wa

  32. Slide 32: Technologycluster & Infrastructure

    TECHNOLOGYCLUSTER & INFRASTRUCTURE FY 20: NET SALES CHF 0.0 MILLION, EBIT CHF 5.2 MILLION CHF million 2020 20191) Δ Net sales to third parties 0.0 0.0 0.0 Operating result (EBIT) 5.2 -11.12) 146.9% 1) The segmentation was revised due to the spin-off of the V-ZUG Group. In order to ensure comparabili

  33. Slide 33: Technology Cluster Zug: area of approx. 60,000 sqm in the city of Zug

    TECHNOLOGY CLUSTER ZUG AN AREA OF APPROX. 60’000SQM IN THE CITY OF ZUG MAIN PROJECTS – Mobility Hub Zug Nord (MHZN) on the northern part of the site. Construction in progress. – A Multi Energy Hub to be created to supply the Tech Cluster Zug with local, renewable energy. – A unique wooden residentia

  34. Slide 34: Household Appliances: spin-off as of June 25, 2020

    HOUSEHOLD APPLIANCES: SPIN-OFF AS OF JUNE 25, 2020 HY 1/20: NET SALES CHF 258.6 MILLION, EBIT CHF 12.9 MILLION Investor Presentation FY 2020 / March 2021 34

  35. Slide 35: Key figures and overview (1st HY 2020 only)

    HOUSEHOLD APPLIANCES KEY FIGURES AND OVERVIEW (1ST HY 2020 ONLY) CHF million 20201) 20192) Δ Net sales to third parties 258.6 543.6 -52.4% Operating result (EBIT) 12.9 29.6 -56.3% EBIT margin in % 5.0 5.4 -40bp 1) The Household Appliances Business Unit (V-ZUG Group) was spun-off as of June 25, 2020.

  36. Slide 36: What we expect for 2021

    METALL ZUG GROUP WHAT WE EXPECT FOR 2021 Focus and plans for 2021 Recovery of sales and back to clear positiv EBIT Turnaround Process Automation Recovery of sales, mainly in the US Realize synergies from projekt «One Haag-Streit» and know-how from VRmagic Back to clear positive EBIT Sales groth abov

  37. Slide 37: A strong group of industrial companies

    METALL ZUG GROUP A STRONG GROUP OF INDUSTRIAL COMPANIES Metall Zug with an interesting portfolio of technologically strong companies with above average potential for growth and value creation: – Focus on – strategic management of portfolio companies rather than operational management – sustainable a

  38. Slide 38: Information for Investors

    MM —_ az METALL ZUG INFORMATION FOR INVESTORS

  39. Slide 39: Financial calendar

    METALL ZUG GROUP FINANCIAL CALENDAR April 30, 2021 General Meeting of Shareholders August 16, 2021 Publication Half Year Results 2021 Investor Presentation FY 2020 / March 2021 39

  40. Slide 40: Appendix

    NG —_ az METALL ZUG APPENDIX

  41. Slide 41: Payout in CHF millions and payout ratio

    DIVIDENDS PAYOUT IN CHF MILLIONS AND PAYOUT RATIO 3) 114% 3) 100.0 101% 100% Dividend in CHF millions 3) 80.0 86% 80% Payout ratio 60.0 49%1) 49% 53% 60% 38.1 46% 38% 39%1) 37% 40.0 33%2) 31% 21.0 26% 40% 26% 5 20.0 25.74) 20% 24.3 24.3 23.9 27.0 26.9 27.9 31.4 31.4 31.4 0.0 7.6 7.65) 0% 2010 2011 2

  42. Slide 42: Dividend per share

    DIVIDEND PER SHARE PAYOUT IN CHF PER TYPE B REGISTERED SHARE AND YIELD (VS. YEAR-END SHARE PRICE) 160 1) 8% 7.2% 140 7% Dividend per reg. share B 2) 120 6% 4.4% Dividend yield 100 85 5% 47 2.2% 80 2.8% 3.4% 4% 2.2% 2.6% 2.5% 60 2.3% 3% 1.9% 40 573) 2% 64 70 70 70 1.1% 55 55 55 61 61 20 1% 17 174) 0

  43. Slide 43: Shareholder structure

    SHAREHOLDER STRUCTURE AS AT DECEMBER 31, 2020 Capital 33.9% Shareholder group Buhofer 10.6% 5.6% 43.2% Shareholder group Stöckli 16.3% 67.5% Votes Werner O. Weber / Wemaco Invest AG 11.6% Free Float 11.3% Investor Presentation FY 2020 / March 2021 43

  44. Slide 44: Contact

    METALL ZUG GROUP CONTACT Daniel Keist Chief Financial Officer Christof Gassner Head of Corporate Communications & Investor Relations Metall Zug AG Industriestrasse 66 6302 Zug Switzerland Phone: +41 58 768 60 50 Investor Presentation FY 2020 / March 2021 44

  45. Slide 45: Disclaimer

    METALL ZUG GROUP DISCLAIMER Metall Zug AG has made great efforts to include accurate and up-to-date information in this document. However, we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and disclaim any

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