Carlo Gavazzi Holding Ag · SIX:GAV

Carlo Gavazzi — Investor Presentation (June 2015)

27 slides from Carlo Gavazzi's investor presentation, Jun 25, 2015

  1. Slide 1: Media and Financial Analysts Meeting 2015

    Media and Financial Analysts Meeting 2015 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2015 June 25, 2015

  2. Slide 2: Agenda for Today

    Media and Financial Analysts Meeting 2015 AGENDA FOR TODAY WELCOME & OVERVIEW Valeria Gavazzi AUTOMATION COMPONENTS Vittorio Rossi FINANCIAL HIGHLIGHTS Anthony Goldstein Q&A

  3. Slide 3: Welcome

    Media and Financial Analysts Meeting 2015 Welcome Valeria Gavazzi Chairman

  4. Slide 4: Challenges and Opportunities

    Challenges and Opportunities  Economic and financial situation in Europe -  Growth in Asia-Pacific and North America -  Weakening of EUR vs USD +  Weakening of EUR vs CHF -  New products and platforms +  R&D and product management +

  5. Slide 5: General Overview – Key Figures

    General Overview – Key Figures Key figures (CHF million) Bookings 136.6 Operating revenue 137.2 Gross profit 75.9 Net income 12.3

  6. Slide 6: General Overview - Markets and Products

    General Overview - Markets and Products  Strong growth of Controls, driven by energy management products  Sensors in line with previous year  New and enhanced products to develop business in new and existing markets and geographies

  7. Slide 7: Dividend Pay-out

    Dividend Pay-out 2015 2014 Ordinary dividend - Bearer share CHF 12.00 CHF 12.00 - Registered share CHF 2.40 CHF 2.40

  8. Slide 8: Long Term Objectives of ACBU

    Long Term Objectives of ACBU Strategic objective Actions  Reducing dependence from Europe by expanding into attractive Grow as a global player geographies (by size and/or growth speed): North America, Asia- Pacific, South America, Eastern Europe  Strengthening position in both Industrial and Build

  9. Slide 9: Automation Components

    Media and Financial Analysts Meeting 2015 Automation Components Vittorio Rossi CEO

  10. Slide 10: 2014/15 Revenue Distribution by Region

    2014/15 Revenue Distribution by Region Asia-Pacific 14% (14%) North America Europe 18% (18%) 68% (68%)

  11. Slide 11: General Overview - Geography

    General Overview - Geography  Revenues  Europe: +1.9%  North America: slightly lower  Asia-Pacific: stable  Business development focus  Dedicated initiatives in Energy management across Europe  Dedicated sales and marketing activities in China  Development of direct business in Taiwan  22 o

  12. Slide 12: 2014/15 Revenue by Product Line

    2014/15 Revenue by Product Line Others 7% (7%) Fieldbuses Sensors 6% (7%) 27% (27%) Electro-Mechanical Switching 7% (8%) Solid-State Switching 21% (21%) Controls 32% (30%)

  13. Slide 13: Product Innovation (1/5)

    Product Innovation (1/5)  Hadsten, Denmark: Sensors 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 automati

  14. Slide 14: Product Innovation (2/5) – ICS series

    Product Innovation (2/5) Wash down inductive sensors ICS series

  15. Slide 15: Product Innovation (3/5) – RSWT series

    Product Innovation (3/5) Centrifugal pump soft starter RSWT series

  16. Slide 16: Product Innovation (4/5) – EM100 series

    Product Innovation (4/5) Single-phase energy meters and analysers with touch tech display EM100 series

  17. Slide 17: Product Innovation (5/5) – Glass switches series

    Product Innovation (5/5) Programmable glass touch switches and thermostats Glass switches series

  18. Slide 18: Outlook

    Outlook  ACBU aims to increase revenues at a higher rate than market growth  The strategy to achieve this challenging goal is based on:  Consolidation of today‘s business  Entry in new markets exploiting organic growth

  19. Slide 19: Financial Highlights 2014/15

    Media and Financial Analysts Meeting 2015 Financial Highlights 2014/15 Anthony M. Goldstein Chief Financial Officer

  20. Slide 20: Income Statement

    Income Statement (in CHF million) 2014/15 2013/14 Change Bookings 136.6 141.3 - 3.3 % Operating revenue 137.2 140.5 - 2.3 % Gross profit 75.9 78.1 - 2.8 %  in % of revenue 55.3 % 55.6 % Net financial income (exp.), net 1.0 (0.9) EBITDA 18.1 19.0 - 4.7 % EBIT 14.8 15.7 - 5.7 %  in % of revenue 10.8

  21. Slide 21: Balance Sheet

    Balance Sheet (at March 31, in CHF million) 2015 2014 ∆ CHF Current assets 97.2 105.4 - 8.2  whereof cash 45.8 47.1 - 1.3 Non-current assets 23.6 23.2 + 0.4  whereof goodwill 6.1 6.7 - 0.6 Liabilities 32.4 35.4 - 3.0  whereof interest-bearing 0.8 1.1 - 0.3 Shareholders’ equity 88.5 93.2 - 4.7  e

  22. Slide 22: Shareholders’ Equity

    Shareholders’ Equity (in CHF million) 2015 2014 Shareholders’ equity at the beginning of the reporting period 93.2 101.2  equity ratio 72.5 % 74.0 % Net income 12.3 11.2 Currency impact - 7.5 - 1.0 Dividends - 8.5 - 17.8 Other - 1.0 - 0.4 Shareholders’ equity at March 31 88.5 93.2  equity ratio 73

  23. Slide 23: Cash Flow Summary

    Cash Flow Summary (in CHF million) 2014/15 2013/14 Cash flow from operating activities +15.0 +15.6 Cash flow from investing activities - 4.2 - 3.3 Cash flow from financing activities - 8.8 - 17.6 Change in cash and cash equivalents + 2.0 - 5.3

  24. Slide 24: Net Cash Position

    Net Cash Position CHF million 60 50 40 30 20 10 0 2010/11 2011/12 2012/13 2013/14 2014/15 net cash position 55.1 49.2 52.0 46.1 45.0 interest, net 0.1 - - - -

  25. Slide 25: Share Price Development 1.4.2014 – 31.3.2015

    Share Price Development 1.4.2014 – 31.3.2015 270 260 250 240 230 220 210 200 190 180 CARLO GAVAZZI BEARER SHARE SPI EXTRA (REBASED)

  26. Slide 26: Share Price over 5 Years

    Share Price over 5 Years 280 260 240 220 200 180 160 140 120 100 CARLO GAVAZZI BEARER SHARE SPI EXTRA (REBASED)

  27. Slide 27: Carlo Gavazzi

    CARLO GAVAZZI faied

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