Carlo Gavazzi Holding Ag · SIX:GAV

Carlo Gavazzi — Investora Zürich 2018

29 slides from Carlo Gavazzi's conference presentation, Sep 26, 2018

  1. Slide 1: Investora Zürich – Carlo Gavazzi Holding AG

    Investora Zürich, 26th September 2018 Carlo Gavazzi Holding AG Electronic Equipment for Industrial and Building Automation 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: 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. 3

  4. Slide 4: Industry 4.0 as a catalyst

    Industry 4.0 as a catalyst Source: BMBF – Umsetzungsempfehlungen für das Zukunftsprojekt Industrie 4.0, 2013 4

  5. Slide 5: Growth drivers

    Growth drivers Digitalization Innovation Miniaturization Energy Efficiency 5

  6. Slide 6: Key figures

    Key figures (in CHF million) 2017/18 2016/17 Change Bookings 153.6 137.7 + 11.5 % Operating revenue 146.9 135.4 + 8.5 % EBIT 13.9 16.7 - 16.8 % Net income 8.4 13.4 - 37.3 % 6

  7. Slide 7: Analysis of net income

    Analysis of net income (in CHF million) 2017/18 2016/17 Net income 8.4 13.4 Add exchange loss 1.0 - Less exchange gain - (0.2) Less arbitration proceeds - (2.4) Adjusted net income 9.4 10.8 7

  8. Slide 8: Balance sheet

    Balance sheet (at March 31, in CHF million) 2018 2017 Δ CHF Current assets 113.5 105.5 + 8.0  whereof cash 50.7 49.1 + 1.6 Non-current assets 23.4 23.7 - 0.3  whereof goodwill 6.6 6.2 +0.4 Liabilities 37.6 34.1 + 3.5  whereof interest-bearing − 0.1 - 0.1 Shareholders’ equity 99.3 95.2 + 4.1  equ

  9. Slide 9: Shareholder-friendly dividend policy

    Shareholder-friendly dividend policy High payout ratio (in % of net income) % 120 100 80 60 Ordinary Dividend (in %) 40 20 0 2013/14 2014/15 2015/16 2016/17 2017/18 9

  10. Slide 10: 2017/18 Revenue distribution by region

    2017/18 Revenue distribution by region Asia-Pacific 15% (14%) North America EMEA 20% (20%) 65% (66%) 10

  11. Slide 11: Growing share of sales outside Europe

    Growing share of sales outside Europe % of total sales 40 35 % des Umsatzes 30 25 20 North America Asia-Pacific 15 10 5 0 2010/11 2017/18 11

  12. Slide 12: Broad-based business – customer- and country-wise

    Broad-based business − customer- and country-wise  Own sales companies in 22 countries  Around 60 independent national distributors  No customer with sales >2% of total revenue 12

  13. Slide 13: Estimated relevant market volume 2018: ca. CHF 10 bn

    Estimated relevant market volume 2018: ca. CHF 10 bn ~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% 13

  14. Slide 14: 2017/18 Revenue by product line

    2017/18 Revenue by product line Fieldbuses Electro-Mechanical 5% Switching 2% Sensors 28% Solid-State Switching 36% Controls 29% 14

  15. Slide 15: Broad-based product range

    Broad-based product range  Ca. 12’000 product specifications  High degree of customization 15

  16. Slide 16: Focus on select products / categories

    Focus on select products / categories  Energy Management  Inductive Sensors  Capacitive Sensors  Photoelectric Sensors  Monitoring Relays  Switches 16

  17. Slide 17: Focus on attractive market segments

    Focus on 9 attractive market segments Building Automation  Smart Building  Heating, Ventilation, AC  Entrances and Doors  Elevators and Escalators Nine Priority Segments  Energy Industrial Automation  Plastic Materials Machinery  Food and Beverage  Packaging  Agriculture 17

  18. Slide 18: Focus on attractive market segments

    Focus on 9 attractive market segments Building Automation  Smart Building  Heating, Ventilation, AC  Entrances and Doors  Elevators and Escalators Nine Priority Segments  Energy Industrial Automation  Plastic Materials Machinery  Food and Beverage  Packaging  Agriculture 18

  19. Slide 19: Agriculture

    Agriculture Solutions for  Tractors and agricultural machinery  Silos  Feed distribution systems  Irrigation Industrial Automation  Various sensors  Limit switches  Solid state switches  Soft starters  Dupline 19

  20. Slide 20: Focus on attractive market segments

    Focus on 9 attractive market segments Building Automation  Smart Building  Heating, Ventilation, AC  Entrances and Doors  Elevators and Escalators Nine Priority Segments  Energy Industrial Automation  Plastic Materials Machinery  Food and Beverage  Packaging  Agriculture 20

  21. Slide 21: Food and Beverage

    Food and Beverage Solutions for  Coffee vending machines  Heating and cooking equipment  Ice makers and cooling systems Industrial Automation  Solid state relays  Various sensors  Energy analyzers  Soft starters  Timers 21

  22. Slide 22: Focus on attractive market segments

    Focus on 9 attractive market segments Building Automation  Smart Building  Heating, Ventilation, AC  Entrances and Doors  Elevators and Escalators Nine Priority Segments  Energy Industrial Automation  Plastic Materials Machinery  Food and Beverage  Packaging  Agriculture 22

  23. Slide 23: Elevators and Escalators

    Elevators and Escalators Solutions for  Electric Lifts  Hydraulic Lifts  Escalators Products  Magnetic and Photoelectric Sensors  Safety modules  Monitoring relays  Power transducers  Soft starters  Energy analyzers 23

  24. Slide 24: Product innovation

    Product innovation  Hadsten, Denmark: Sensor 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 and building automation appl

  25. Slide 25: Product innovation in Industrial Automation

    Product innovation in Industrial Automation Capacitive sensors CD34 series 25

  26. Slide 26: Product innovation in Building Automation

    Product innovation in Building Automation Dali controller module SB2DALIT8230 26

  27. Slide 27: Outlook

    Outlook  More volatile global economy  Rising political uncertainties  Positive outlook for global industrial manufacturing  Growth opportunities in major markets, particularly outside Europe  Continued strengthening of product portfolio through substantial investments in R&D, sales and marketi

  28. Slide 28: Five reasons to invest in Carlo Gavazzi

    Five reasons to invest in Carlo Gavazzi  Long-term oriented family enterprise  Sound financials: cash flow, balance sheet, dividends  Unique market position as 1 stop shop for automatic components  No dependence on a single product or customer  Clear focus on innovation and 9 attractive market

  29. Slide 29: Thank you!

    CARLO GAVAZZI Thank you! 29

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