Sika Ag · SIX:SIKA
Sika — Non-Deal Roadshow (September 2012)
16 slides from Sika's roadshow presentation, September 2012
Slide 1: On Track to Meet Strategic Growth Targets
The Shard, London On Track to Meet Strategic Growth Targets Roadshow Presentation | September 2012 2 Short List World market leader in construction chemicals Highly focused industrial portfolio Successful growth strategy 36% of Group sales from Emerging Markets Active in markets with struc
Slide 2: Our Global Footprint
3 Our Global Footprint Sales CHF 4.556 bn Over 120 plants EBITDA CHF 477.4 mn 15’300 employees Presence in 5 continents and 76 countries 4 Structure Follows Strategy Implementation of More Efficient Structures • More efficient structures Reduction of Group Management from 14 to 9 • Alignme
Slide 3: Structure Follows Strategy: New Geographical Split
5 Structure Follows Strategy Implementation of More Efficient Structures 6 Structure Follows Strategy New Geographical Split Other segments EMEA 49% Other segments IMEA 6% Asia/Pacific Europe North 19% Asia/Pacific 29% 17% Latin America Latin America 11% 11% Europe South North America 18% North Amer
Slide 4: Our Business – Target Markets; Sales and EBIT Development
7 Structure Follows Strategy Our Business – the 7 Target Markets Concrete Waterproofing Roofing Flooring Elastic Sealing & Refurbishment Bonding Industry 8 Sales and EBIT Development 2007 2008 2009 2010 2011 4 625 4 573 4 556 4 416 Sales (in CHF mn) 4 155 Organic growth 13.3% 5.9% -6.2% 6.1% 11.6% (
Slide 5: Highlights First Half-Year 2012
One New Change, London First Half-Year 2012 10 Highlights First Half-Year 2012 • Sales growth of 3.4% to CHF 2’307.0 million (6.4% in LC) • 10.7% growth in emerging markets (in LC) • Gross result improved 51.9% to 53.1% • EBIT increased by 10.1% to 195.5 million • Placement of new Bond: - 6 year dur
Slide 6: Consolidated Income Statement
11 Consolidated Income Statement (in CHF mn) Actual Actual HY 2011 % NS HY 2012 % NS Growth Net Sales 2'231.5 100.0% 2'307.0 100.0% 3.4% Material expenses -1'074.4 -1'081.5 Gross result 1'157.1 51.9% 1'225.5 53.1% 5.9% Personnel expenses -479.4 -21.5% -515.0 -22.3% 7.4% Other operating expenses -436
Slide 7: Sales Growth by Region
13 Sales Growth by Region (in CHF mn) incl. acquisition impact 2 500 LC 168 Automotive Other Segments +35.9% 140 2 000 IMEA +10.1% 281 Latin America +16.6% 1 500 392 CHF mn Asia/Pacific +2.1% 331 1 000 North America +13.9% 405 Europe South +2.8% 500 591 Europe North -2.7% 0 HY 2012 14 Material cost
Slide 8: Half-Year EBIT Development and Key Figures
15 Half-Year EBIT Development 600 422 439 Half Year 400 344 347 Full Year CHF mn 200 251 217 196 178 148 0 2008 2009 2010 2011 2012 16 Key Figures change in CHF mn HY 2011 HY 2012 in % Net Sales 2'231.5 2'307.0 3.4% Gross Result 51.9% of NS 53.1% of NS EBIT 177.6 195.5 10.1% Net Income after taxes 1
Slide 9: Summary of Strategy
Outlook 2010 / 2011 Sidney Harbour Bridge Strategy Implementation, Targets and Outlook 18 Summary of Strategy Become the market leader in all target markets 1. Market penetration: Mature markets: product penetration Emerging markets: structural growth 2. Leadership (Innovations) in technology and su
Slide 10: High Growth Opportunities
19 High Growth Opportunities Market Potential by Target Market > CHF 50 billion (total market potential) 20 Attractive, Fragmented Industry Market Position by Target Market Target Market Global No. 1 Sika's Position Concrete BASF 2 Waterproofing Sika 1 Roofing Soprema 3 Flooring Sika 1 Refurbishment
Slide 11: Market Penetration
21 Market Penetration From Emerging Markets to Mature Markets • From roof to floor (cross-selling) • From new built to refurbishment (life-cycle) • Push and pull market channels (branding) 22 Leadership in Technology and Sustainability Innovative Waterproofing Bridge Sealer System • Introduction of
Slide 12: Leadership in Technology and Sustainability
23 Leadership in Technology and Sustainability Sika Adhesives for Next Generation of Cars • Bonding of crash resisting structures • Bonding of new light weight substrates (carbon fiber, aluminum) • Reduction of weight in cars • Enables efficient and modular car manufacturing 24 Build Up of Emerging
Slide 13: Build Up of Emerging Markets
25 Build Up of Emerging Markets … with Above Average Profitability 40% of Group EBIT 18.6% 12.3% 10.4% 9.2% 9.5% 8.3% 124 85 51 96 94 25 Europe Europe North Asia/Pacific Latin IMEA North South America America 26 Build Up of Emerging Markets with Supply Chains Continues Investments 2012 in Emerging M
Slide 14: Growth Lever Through Acquisitions; Medium-term Targets
27 Growth Lever Through Acquisitions Successful Integration of 9 Companies in 2011/2012 Acquisition of more than 50 companies since year 2000. Company Country Region Target Market Hebei China Asia/Pacific Concrete Gulf Bahrain EMEA All Biro Switzerland EMEA Industry Technokolla Italy EMEA Refurbishm
Slide 15: Outlook 2012
29 Outlook 2012 • Slower volumes in Europe • On going growth opportunities in Emerging Markets and North America • Sales growth 2012 of 4 - 6% • Strong improvement in profitability 30 Outlook 2010 / 2011 Sutong bridge, Yangtze Questions and Answers 15
Slide 16: Forward-looking statements
31 Forward-looking statements The statements in this presentation relating to matters that are not historical facts are forward-looking statements. They are no guarantee of future performance and involve risks and uncertainties with regard to future global economic conditions, foreign exchange rates