Carlo Gavazzi Holding Ag · SIX:GAV

Carlo Gavazzi — NZZ Capital Market Forum 2012

24 slides from Carlo Gavazzi's conference presentation, Sep 3, 2012

  1. Slide 1: Carlo Gavazzi Holding AG – Automatically better

    NZZ Capital Market Forum 3 September 2012 Carlo Gavazzi Holding AG Automatically better Rolf Schläpfer Investor Relations Vittorio Rossi CEO Automation Components CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 1

  2. Slide 2: Disclaimer and cautionary statement

    Disclaimer and cautionary statement This presentation contains statements that may constitute forward-looking statements, including, but not limited to, statements relating to the implementation of strategic initiatives, and other statements relating to the Carlo Gavazzi Group’s future business deve

  3. Slide 3: Agenda

    NZZ Capital Market Forum 3 September 2012 Agenda  Welcome Rolf Schläpfer Overview on Carlo Gavazzi Investor Relations Highlights 2011/12  Automation Components Vittorio Rossi Products and Markets CEO Automation Components  Questions and Answers CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 3

  4. Slide 4: Swiss Equity Award 2011

    Swiss Equity Award 2011 CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 4

  5. Slide 5: Our Mission

    Our Mission Carlo Gavazzi is an international group active in designing, manufacturing and marketing electronic equipment targeted at the global markets of industrial and building automation. CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 5

  6. Slide 6: Income Statement 2011/12

    Income Statement 2011/12 (in CHF million) 2011/12 2010/11 Change in % in CHF in l.c. Bookings 139.6 185.6 -24.8 % - 17.0 % Operating revenue 142.8 181.9 - 21.5 % - 13.3 % Gross profit 78.6 98.5 - 20.2 %  in % of revenue 55.1 % 54.2 % Other op. income (exp.), net 3.6 -0.6 EBITDA 24.6 35.7 - 31.1 % E

  7. Slide 7: Revenue Development 2011/12

    Revenue Development 2011/12 (CHF Mio) 181.9 -14.9 (-8.2%) -19.6 -4.6 142.8 (-10.8%) (-2.5%) (-21.5%) 2010/11 Currencies Renewable Other 2011/12 Energy CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 7

  8. Slide 8: Revenue Development 2009/10 to 2011/12

    Revenue Development 2009/10 to 2011/12 200 1.50 CHF / € 1.34 CHF / € 1.21 CHF / € 180 160 140 120 CHF Mio 100 CHF 181,9 EUR CHF 80 149,6 142,8 EUR EUR 135,9 60 117,8 99,6 40 20 0 FY 2009/10 FY 2010/11 FY 2011/12 CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 8

  9. Slide 9: Five-year overview

    Five-year overview Gross Margin P/E 56.0% 16.0 55.0% 14.0 54.0% 53.0% 12.0 52.0% 10.0 51.0% 8.0 50.0% 49.0% 6.0 48.0% 4.0 47.0% 46.0% 2.0 45.0% 0.0 2007/08 2008/09 2009/10 2010/11 2011/12 2007/08 2008/09 2009/10 2010/11 2011/12 % 49.0% 52.4% 54.4% 54.2% 55.1% KGV 8.0 8.0 13.8 6.6 8.9 Net income from

  10. Slide 10: Share Price Development 1.4.2011 – 31.3.2012

    Outperforming SPI Extra Share Price Development 1.4.2011 – 31.3.2012 CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 10

  11. Slide 11: Automation Components

    NZZ Capital Market Forum 3 September 2012 Automation Components Vittorio Rossi CEO CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 11

  12. Slide 12: Overview 2011/12

    Automation Components Overview 2011/12 • Shrinking market for renewable energy products • Weaker demand in Europe • Growth in North America und Asia-Pacific • Positive growth in priority markets • Soft starters: double-digit increase • Successful introduction of park guidance systems CARLO GAVAZZI G

  13. Slide 13: 2011/12 Sales by product categories

    Automation Components 2011/12 Sales by product categories Gavazzi Products Customers Sensors Contact-free detection of the presence and/or 26% position of objects Controls Monitoring of input signals (voltage, frequency, speed, temperature, time) Measurement of energy 32% consumption Solid state rel

  14. Slide 14: Global distribution network

    Automation Components Global distribution network Sales 21 affiliates, 40 independent Channels sales representions 40% 60% Hundreds of regional distributors OEMs (40%), System integrators Similar customer Customers (15%), End categories customers (5%) CARLO GAVAZZI GROUP NZZ Capital Market Forum 201

  15. Slide 15: Market volume 2012: CHF 13 Mia.

    Automation Components Market volume 2012: CHF 13 Mia. ~30% ~ 35% Small, locally active Five global niche players conglomerates Market shares: <2% Market shares: 5%−13% ~35% Medium-sized, international generalists or specialists Market shares: 2% - 4% CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012

  16. Slide 16: Strengthening of position in Americas and Asia

    Automation Components Strengthening of position in Americas and Asia North America EMEA Asia Pacific  Share of revenue: 15% (12%)  Share of revenue: 75% (79%)  Share of revenue: 10% (9%)  3 affiliates  14 affiliates  4 affiliates  57 employees  3 production sites  1 production site  772 em

  17. Slide 17: World wide development

    Automation Components World wide development Americas EMEA Asia Pacific  Mexico: revenues doubled  Russia: Further expansion  Taiwan: Strengthening of of wholesaler network presence  Brazil: direct presence  Middle East: increase  India: entry CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012

  18. Slide 18: Market Segmentation

    Automation Components Market Segmentation  Smart Building  Plastic Materials Machinery  Heating, Ventilation, AC  Food and Beverage Priority Segments  Entrances and Doors  Energy  Elevators and Escalators  Market potential of priority markets > € 200 Mio Selection  Growth above market Crite

  19. Slide 19: Product Innovation (1/4)

    Automation Components (ACBU) Product Innovation (1/4)  Hadsten, Denmark Sensors  Belluno, Italy monitoring relays, fieldbuses R&D and energy meters Competence Centers  Zejtun, Malta Solid state relays and soft starters  New products and update of existing offering Focus  Applications for energy

  20. Slide 20: Product Innovation (2/4) – EM series

    Automation Components (ACBU) Product Innovation (2/4) MID certified energy meters EM series CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 20

  21. Slide 21: Product Innovation (3/4) – M18 series

    Automation Components (ACBU) Product Innovation (3/4) Built-in microprocessor photoelectric sensors M18 series CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 21

  22. Slide 22: Product Innovation (4/4) – RGC series

    Automation Components (ACBU) Product Innovation (4/4) Integrated current measurement solid state relay RGC series CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 22

  23. Slide 23: Strategy – Long term Goals

    Automation Components Strategy – Long term Goals Strategic Measures Goals  Reduce dependence on Europe by above-average growth in other regions Grow as a such as: Global Player  North America, Asia-Pacific, Latin America, Eastern Europe  Strengthening of our position in industry and building auto

  24. Slide 24: Five reasons to invest in Carlo Gavazzi

    Five reasons to invest in Carlo Gavazzi  Long-term oriented family enterprise  Robust business in priority segments  Active expansion in growing markets outside Europe  Flexible cost structure  Promising R&D / recently launched products CARLO GAVAZZI GROUP NZZ Capital Market Forum 2012 24

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