Schweiter Technologies Ag · SIX:SWTQ
Schweiter Technologies — FY2017 Earnings Presentation
32 slides from Schweiter Technologies's earnings presentation, Mar 9, 2018
Slide 1: Media & Analyst Conference 2018
Media & Analyst Conference 2018 1 WELCOME © Agustín Sagasti Fotografía Zurich - March 9, 2018 Media & Analyst Conference 2018
Slide 2: Content
MEDIA & ANALYST CONFERENCE 2018 Content 2 1 Welcome and Introduction 2 Results 2017 3 Strategic Focus / Acquisitions 4 Outlook 5 Appendix / Divisional information Media & Analyst Conference 2018
Slide 3: Schweiter at a Glance
1 WELCOME & INTRODUCTION Schweiter at a Glance 3 SCHWEITER TECHNOLOGIES IS A GLOBAL GROUP DEVELOPING, MANUFACTURING AND COMMERCIALIZING COMPOSITE PANELS AND CORE MATERIALS FOR SANDWICH SOLUTIONS Key Figures 2017 1) Portfolio Strategy & Goals Focus on innovation, $€ ~980m CHF sales Development & manu
Slide 4: Successful transactions since 98
1 WELCOME & INTRODUCTION 16 successful transactions since 1998 4 ACQUISITIONS 1999 2000 2004 2005 2008 2009 2012 2015 2017 DIVESTMENT Media & Analyst Conference 2018
Slide 5: Content
MEDIA & ANALYST CONFERENCE 2018 Content 5 1 Welcome and Introduction 2 Results 2017 3 Strategic Focus / Acquisitions 4 Outlook 5 Appendix / Divisional information Media & Analyst Conference 2018
Slide 6: Highlights 2017
2 RESULTS 2017 Highlights 2017 6 7% ~12% >233m Increase in Sales EBITDA margin Cash position Net sales of 980m CHF 27% increase in net income EBITDA of 114m CHF from continued operations Display sales in EU & US above industry benchmark growth Free cash flow of 108m CHF due to successful divestment
Slide 7: Group Results
2 RESULTS 2017 Group Results 7 H1 H2 Total Total in m CHF % 2017 2017 2017 2016 Net sales 485.6 494.6 980.2 917.5 7% EBITDA 52.6 61.8 114.4 112.3 2% in % of net sales 10.8% 12.5% 11.7% 12.2% EBIT 38.9 48.4 87.3 85.6 2% Net income from 30.9 46.1 77.0 60.5 27% continuing operations Net income from 98.
Slide 8: 3A Composites Results
2 RESULTS 2017 3A Composites Results 8 H1 H2 Total Total in m CHF % 2017 2017 2017 2016 Net sales 485.6 494.6 980.2 917.2 7% EBITDA 53.9 63.5 117.4 115.4 2% in % of net sales 11.1% 12.8% 12.0% 12.6% EBIT 40.1 50.2 90.3 88.7 2% Employees (end of period) 1) 4025 3779 3779 4080 -7% 1) of which 1'147 em
Slide 9: 3A Composites Revenue Breakdown 2017
2 RESULTS 2017 3A Composites Revenue Breakdown 2017 9 Transport & Industry Other Europe 9% 2% Architecture 62% 20% Row 980 m 2% 980 m CHF by CHF by 15% segment 52% region 17% Asia Core Materials 21% Display Americas Media & Analyst Conference 2018
Slide 10: 3A Composites Results
2 RESULTS 2017 3A Composites Results 10 • Above industry average growth of European Display business with significant sales increase in Central Europe. European Architecture topline partially below expectations due to temporary uncertainties in some markets regarding future fire code regulations. •
Slide 11: Strong Balance Sheet
2 RESULTS 2017 Strong Balance Sheet 11 Cash position 233m CHF 233 203 Practically no short & long 179 4 Cash 170 208 term bank liabilities 231 Other 128 4 Shareholders‘ Equity Other 158 152 7 Loans 781m CHF = CHF 545 per 95 share Goodwill 71 70 Equity ratio 74% 781 659 625 Equity 532 Net assets 464
Slide 12: Cash Development
2 RESULTS 2017 Cash Development 12 Cash position increased to 233m CHF 27% increase of net income from continued operations Higher working capital level to support sales growth Successful M&A activities and sale of investment Free Cash Flow property leading to a free cash flow of 108m CHF +108m CHF
Slide 13: Content
MEDIA & ANALYST CONFERENCE 2018 Content 13 1 Welcome and Introduction 2 Results 2017 3 Strategic Focus / Acquisitions 4 Outlook 5 Appendix / Divisional information Media & Analyst Conference 2018
Slide 14: Strategic Focus
3 STRATEGIC FOCUS / ACQUISITIONS Strategic Focus 14 • General strategy considerations: • Invest in attractive industrial activities with growth potential • Apply proven concepts of innovation management, supply chain management, direct marketing/sales organization and lean structures • Grow Composit
Slide 15: Acquisition Athlone Extrusions
3 STRATEGIC FOCUS / ACQUISITIONS Acquisition Athlone Extrusions 15 Key facts Closing date: 31 July 2017 The largest independent Sales 2017 (full year): European transparent plastic 68m EUR sheet manufacturer Purchase Price: 48m EUR (cash free / debt free) Independent thermoplastic sheet extruder and
Slide 16: Acquisition Athlone Extrusions
3 STRATEGIC FOCUS / ACQUISITIONS Acquisition Athlone Extrusions 16 • Athlone Extrusions was founded in 1971 and is a privately owned, independent thermoplastic sheet extruder and compounder • Since its foundation the company has had an impressive growth supported by continuous investments in the pro
Slide 17: Content
MEDIA & ANALYST CONFERENCE 2018 Content 17 1 Welcome and Introduction 2 Results 2017 3 Strategic Focus / Acquisitions 4 Outlook 5 Appendix / Divisional information Media & Analyst Conference 2018
Slide 18: Outlook 2018
4 OUTLOOK Outlook 2018 18 • Positive outlook for Architecture and Display business in Europe and North America. Both businesses expected to benefit from overall good economic outlook and continued high construction activity in core markets. • Increased demand for high-quality, fire retardant Archite
Slide 19: Appendix: Divisional Information
19 APPENDIX DIVISIONAL INFORMATION Media & Analyst Conference 2018
Slide 20: 3A Composites
5 DIVISION INFORMATION 3A Composites 20 The global market leader in composite panels and core materials for sandwich solutions Media & Analyst Conference 2018
Slide 21: 3A Composites - Business Idea
5 DIVISION INFORMATION 3A Composites - Business Idea 21 Select attractive market segments with unmet or latent need for raw material; efficient, low weight, high performance multi-material solutions area Offer broad range of segment Identify and evaluate specific specialties opportunities for se
Slide 22: 3A Composites – Market Segments
5 DIVISION INFORMATION 3A Composites – Market Segments 22 Transport Core Materials Architecture Display & Industry Media & Analyst Conference 2018
Slide 23: Core Materials
5 DIVISION INFORMATION Core Materials 23 M aterials P roducts A pplications B rands Engineering Plastics Structural Airex and Baltek Core Structural and semi-structural • Polyester (PET) Materials sandwich applications • Polyetherimide (PEI) • Plain Sheets • Polyvinylchloride (PVC) • Contour Core Wi
Slide 24: Core Materials References
5 DIVISION INFORMATION Core Materials 24 References C 1 Wind nacelles in Oiz Eolic Park, Spain BALTEK® SBC | AIREX® T10 | AIREX® T92 2 Sailboat hull bottoms, decks & top sides AIREX® T92 | BALTEK® SB 3 Interior & Furniture for Super yachts 1 2 BANOVA® 4 3 4 Bcomp ski cores BALTEK® VBC Media & Analys
Slide 25: Architecture
5 DIVISION INFORMATION Architecture 25 M aterials P roducts A pplications B rands Skin Material Aluminium Composite Materials Market Segments Aluminum sheets (ACM) • Sport, Airport, Public Space, • Alucobond Standard Panels Retail, Hotel, Hospital, Core Material • Alucobond Fire Rated Panels Corpora
Slide 26: Architecture References
5 DIVISION INFORMATION Architecture 26 References © Robert R. Gigliotti 1 Nassau Veterans Memorial Coliseum New York| U.S.A. ALUCOBOND® Plus naturAL 2 Rush University Medical Center Chicago| U.S.A. ALUCOBOND® Plus 1 2 4 3 3 Orona IDeO Headquarters Basque Country | Spain ALUCOBOND® naturAL Reflect 4
Slide 27: Display
5 DIVISION INFORMATION Display 27 M aterials P roducts A pplications B rands Skin Material Aluminum Composite Materials • Fotomounting Coated Aluminum, (Coated) (ACM) • Interior / Exterior Signs Paper, Polystyrene, PVC • Routed Sign Faces Foamed Sheets • POP Displays Other Materials • Exhibit Constr
Slide 28: Display References
5 DIVISION INFORMATION Display 28 References 1 Shop design Ford car dealership Europe CRYLON™ 2 Exhibition stand Euroshop 2017 Düsseldorf| Germany DIBOND® | FOREX® | CRYLUX™ 1 2 4 3 3 Giant flower standees shop design New York City | U.S.A. GATORFOAM® 4 Interior Design Kunsthalle Bielefeld Bielefeld
Slide 29: Transport & Industry
5 DIVISION INFORMATION Transport & Industry 29 M aterials P roducts A pplications B rands • Engineering Foams • 3D Front Cabins for Railway • Railway Body Shell (Roofs, PET, PVC, PUR, PEI Vehicle Floors, Cabins) • Balsa based Core Materials • Structural Aluminium-Foam • Bus & Coach Roof and Floors •
Slide 30: Transport & Industry Products
5 DIVISION INFORMATION Transport & Industry 30 Products 1 COMFLOOR® Integrated Floor Heating System Bombardier Twindexx 2 INNOCAB® Sandwich FRP Front Cabin Siemens RRX 1 2 4 3 3 AIREX® T10/T92 truck body side walls 4 XBODY® Sandwich roof & intermediate deck VDL Futura FDD2 Media & Analyst Conference
Slide 31: Strong Global Presence
5 DIVISION INFORMATION Strong Global Presence 31 ASSETS IN NORTH AMERICA ASSETS IN EUROPE 12 production sites (CH, DE, IE, PL, ES, CZ, SK) 4 production sites (USA) Sales / Admin (CH, UK, BE, FR) Sales / Admin office (USA) ~ 1’750 Employees ~ 350 Employees 4 12 4 4 2 ASSETS IN LATIN AMERICA ASSETS IN
Slide 32: Disclaimer
Disclaimer 32 This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for purchase or sell any investment and neither it nor anything it contains shall form the basis of any contact whatsoever. Opinions expressed herein reflect
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