Rogers Corporation · NYSE:ROG
Rogers — Investor Presentation (2012)
23 slides from Rogers's investor presentation, May 12, 2012
Slide 1: Material Solutions For a Bright Future
Material Solutions For a Bright Future Investor Presentation - 2012 This presentation may not be reproduced, copied, published, transmitted or otherwise distributed for any reason.
Slide 2: Disclaimer
Disclaimer Safe Harbor Statement Statements in this presentation other than historical facts, including without limitation statements regarding the Company’s business strategy, future results of operations and financial position, and plans and objectives of management, are forward-looking statements
Slide 3: Highlights
Highlights • Record sales in 2011 – 46% increase over 2010 • Megatrends continuing to drive growth -- now 60% of sales, up from 40% in 2010 • Continuing to leverage strong global footprint -- 80% of sales now outside North America • New VISION 2016 targeting even stronger performance This presentati
Slide 4: About Rogers
Technology leaders in materials and components for About Rogers breakthrough performance, efficiency and reliability Advanced materials technology company specializing in unique high- reliability, high-performance solutions 2011 Sales of $553.2 M Headquartered in Rogers, CT, USA, with manufact
Slide 5: Our Technologies
Our Technologies Rogers Corporation Printed Circuit Power Electronics High Performance Materials Solutions Foams ROGERS Advanced curamik® DBC Substrates PORON® Urethane Foams Circuit Materials RO-LINX® Busbars BISCO® Silicone Materials This presentation may not be reproduced, copied, published, tran
Slide 6: Our Global Reach
Our Global Reach North America Europe 2011 Revenues by Region* Global Headquarters Manufacturing Other Rogers, Connecticut Eschenbach & Bremen, 3% Germany Manufacturing Gent & Evergem, Belgium N. Carol Stream, Illinois America Chandler, Arizona Asia 20% Rogers, Connecticut Asia Woodstock, Connecticu
Slide 7: Sales History
Sales History $600 $500 $400 $300 $200 $100 $0 2010 2011 2008 2009 2006 2007 2004 2005 2003 2002 2001 Other Core Business This presentation may not be reproduced, copied, published, transmitted or otherwise distributed for any reason. 7
Slide 8: Megatrends Accelerating Our Growth
Megatrends Accelerating Our Growth INTERNET MASS TRANSIT CLEAN TECHNOLOGY • Wireless Infrastructure • Commercial Aircraft • Variable Frequency Motor • Mobile Internet Devices interiors Drives • Wired Infrastructure • Rail power distribution • Wind & Solar Energy • Vibration Management • Hybrid Elect
Slide 9: Megatrend Growth Drivers
Megatrend Growth Drivers 60% of Revenue in 2011, up from 40% in 2010 Medical & Personal Cell Phones (non-Internet) Protection Consumer Electronics 5% 6% 3% Automotive Defense 6% Printing 7% 2% Other 3% Industrial 8% Clean Technology 26% Mass Transit 8% Internet 26% 2011 Rogers Sales by Segment (Mega
Slide 10: Wireless Infrastructure
INTERNET Wireless Infrastructure • Rogers growing in both market share and infrastructure content (e.g. antennas) • Rogers Printed Circuit Materials products have ~65% market share in 3G applications, and have won the majority of the designs into 4G • 4G is only 4% of capital spending today but is p
Slide 11: Mobile Internet Devices
INTERNET Mobile Internet Devices • Rogers High Performance Foams have majority market share of cushioning & sealing foams for mobile devices • Tablets projected to grow by 70% in 2012 –larger profile is bonus for Rogers 2,000 350,000 1,800 300,000 1,600 1,400 250,000 Millions of Units Factory Revenu
Slide 12: Wired Infrastructure
INTERNET Wired Infrastructure • Partnering with Hitachi Chemicals for new high speed digital materials for high speed routers & switches • Router segment projected to grow 10% -- higher-end 10G Ethernet switch market growing at 15% CAGR (2012 - 2015). World-Wide Routers Shipments - Service Provider
Slide 13: Rail Traction, Rail & Aircraft Interiors
MASS TRANSIT Rail Traction, Rail & Aircraft Interiors • Rogers Power Distribution Systems have majority share of High Speed Rail traction applications – High Speed Rail investment in China projected to be 14% lower in 2012 than 2011 -- but up 25% in 2013 • Rogers BISCO Silicone Materials continuing
Slide 14: Variable Frequency Motor Drives
CLEAN TECHNOLOGY Variable Frequency Motor Drives • Industrial Motor Drives are largest market for Power Modules -- >50% of overall demand • Rogers’ Curamik DBC Substrates have strong position Industrial Motor Drive Market Demand for Power Modules 3500 3000 2500 2000 1500 1000 Power Electronics 500 S
Slide 15: Wind Energy
CLEAN TECHNOLOGY Wind Energy • Power Modules for Wind Turbines demand expected to grow by 11% in 2012 • 15% 5-year CAGR forecast to 2015 Wind Energy Market Demand for Power Modules 700 600 500 400 300 200 Power Electronics 100 Solutions 0 2010 2011 2012 2013 2014 2015 Worldwide Power Module Revenue,
Slide 16: Solar
CLEAN TECHNOLOGY Solar • Solar market only 4% of overall Power Module demand but highest growth • 21% 5-year CAGR forecast to 2015, 15% growth in 2012 Solar Market Demand for Power Modules 3500 3000 2500 2000 1500 1000 Power Electronics 500 Solutions 0 2010 2011 2012 2013 2014 2015 Worldwide Power M
Slide 17: HEV / EV
CLEAN TECHNOLOGY HEV / EV • > 1 million hybrid-electric/electric vehicles forecasted on the road in 2015 • Rogers potential average content per vehicle is ~$300 - $400 Power Electronics Solutions High Performance Foams This presentation may not be reproduced, copied, published, transmitted or otherw
Slide 18: Strong Relationships with World's Leading Innovators
Strong Relationships with World’s Leading Innovators This presentation may not be reproduced, copied, published, transmitted or otherwise distributed for any reason. 18
Slide 19: Competition
Competition Printed Circuit Materials High Performance Foams Power Electronic Solutions • Taconic • Nitto Denko • Eldre • Arlon • St. Gobain • Sumitomo Performance • Methode Plastics Electronics • 3M This presentation may not be reproduced, copied, published, transmitted or otherwise distributed for
Slide 20: Rogers Vision 2016
Rogers Vision 2016 Rogers will be the leading Vision innovative, growth-oriented, high technology material solutions 2016 provider for our chosen markets. • We will achieve double-digit annual organic growth and operating profit as a percentage of sales. • We will move with speed and agility by ensu
Slide 21: Financial Snapshot
Financial Snapshot This presentation may not be reproduced, copied, published, transmitted or otherwise distributed for any reason. 21
Slide 22: Financial Highlights
Financial Highlights 2007 2008 2009 2010 2011 Income (million's) From Continuing Operations Net Sales $412.7 $365.3 $291.6 $378.2 $553.2 Gross Margin % 27.0% 31.2% 28.2% 36.3% 32.3% Net Income % 5.0% 6.5% -20.3% 10.1% 7.9% Diluted EPS $ 1.23 $ 1.36 *-$3.77 $ 2.39 $ 2.62 *2009 results include impairm
Slide 23: Material Solutions for a Bright Future
Material Solutions for a Bright Future BISCO, CONDUX PLUS, COOLSPAN, DermaBak, DFLX, DURA-SHAPE, DUREL, DUROID, E/bak, ENDUR, eSorba, eSorba FRIKON, HEATWAVE, IRSM-35, LOPRO, MAGNIFOAM, MF1, MF SILTEC, MPC, NITROPHYL, PERMAFRESH, PORON, PORON MEDICAL, PORON XRD, PROTOLIGHT, ProZorb, R/bak, R/flex, R