Gn Store Nord A/s · OMXCOP:GN
Gn Store Nord A/s — Goldman Sachs 16th annual European Medtech and Healthcare Services Conference (September 2019)
13 slides from Gn Store Nord A/s's conference presentation, September 2019
Slide 1: Goldman Sachs 16th annual European Medtech and Healthcare Services
Goldman Sachs 16th annual European Medtech and Healthcare Services Marcus Desimoni – CFO, GN Store Nord & GN Hearing, September 2019
Slide 2: Safe Harbor Statement
Safe Harbor Statement The forward-looking statements in this report reflect the management's current expectations of certain future events and financial results. Statements regarding the future are, naturally, subject to risks and uncertainties, which may result in considerable deviations from the o
Slide 3: The GN Group at a glance – unique portfolio of medical, professional and consumer audio solutions
The GN Group at a glance – unique portfolio of medical, professional and consumer audio solutions GN Hearing GN Audio Innovation leader creating best-in-class Leading position in growing CC&O market hearing aid technology Sales DKK 5,833m Sales DKK 4,774m (% of total) (55%) (% of total) (45%) EBITA
Slide 4: We have delivered strongly… and will deliver again
We have delivered strongly… and will deliver again 2017 – 2019 ”Hear more, do more, 2008 - 2009 2010 - 2013 2014 - 2016 be more” • Innovation excellence • Commercial excellence “Innovation • People excellence & Growth” “SMART” Operations February 5, 2020 • Annual Report for 2019 “FAST” R&D foc
Slide 5: GN Hearing: Strong global markets driven by attractive megatrends
GN Hearing: Strong global markets driven by attractive megatrends ~3-5% expected value CAGR in coming years… … driven by multiple attractive megatrends Global hearing aids market growth (Value based on wholesale ASP) Ageing population +6% ~3-5% 1 791 • 65+ population 597 ~4% expected to grow signifi
Slide 6: GN Hearing's innovation leadership towards natural hearing
GN Hearing’s innovation leadership towards natural hearing 6th generation New chipset – brilliant sound experience: unprecedented Layers of Sound™ ReSound LiNX Quattro 2018 and world’s most advanced rechargeable solution 5th generation Unprecedented benefits across three key dimensions – Sound Quali
Slide 7: Four new, discreet custom-crafted ReSound LiNX Quattro hearing aids
Four new, discreet custom-crafted ReSound LiNX Quattro hearing aids New Chipset Impulse LAYERS OF SOUND Mix-in Noise Streaming Control UNRIVALED FULL SPECTRUM OF STREAMING Increased New Input SUPPORT & Wireless Dynamic PERSONALIZATION Radio Range Extended High- Frequency Bandwidth 6
Slide 8: Driving growth through partnerships
Driving growth through partnerships Partnering up with tech giants Exposure to fast-growing cochlear market Refraining from vertical integration 7
Slide 9: GN Audio is strongly positioned in a very attractive portfolio of markets
GN Audio is strongly positioned in a very attractive portfolio of markets CC&O Consumer Segment Call-centric Task-based BT stereo* (incl. sports) Characteristics “Calls for a living“ Office-based Preference for great calls, music (e.g., contact centers, customer service, traders) knowledge workers a
Slide 10: Jabra PanaCast – first step to position GN Audio in the fast-growing huddle room video conferencing market
Jabra PanaCast – first step to position GN Audio in the fast-growing huddle room video conferencing market • In August 2019, Jabra started shipment of Jabra PanaCast, engineered to be the world’s first smart Panoramic-4k Plug- and-Play video solution • Jabra PanaCast’s leading-edge cameras and micro
Slide 11: Focusing on creating shareholder value
Focusing on creating shareholder value Attractive megatrends of aging population and personal communication in industries with high entry barriers and currently low penetration Innovation leader – uniquely Lean business model and resilient positioned towards future technology cash generation driving
Slide 12: Strict focus on capital allocation drives shareholder value
Strict focus on capital allocation drives shareholder value GN capital allocation over the past 3 years Organic investments (% of aggregated cash flow) CAPEX ~5%1 Synergistic M&A Share buy back ~45% R&D ~30% Annual dividend Share buybacks Dividend ~5% M&A ~15% 1: Investments in property, plant and e
Slide 13: GN in a nutshell
GN in a nutshell We deliver on our promises We drive customer satisfaction We pioneer our industry with leading edge technology We are lean and focused You benefit 12