Media and Financial Analysts Meeting 2017 Carlo Gavazzi Holding AG

Transcription

1 Media and Financial Analysts Meeting 2017 Carlo Gavazzi Holding AG Media and Financial Analysts Meeting 2017 June 22, 2017

2 Media and Financial Analysts Meeting 2017 AGENDA FOR TODAY WELCOME & OVERVIEW AUTOMATION COMPONENTS FINANCIAL HIGHLIGHTS Valeria Gavazzi Vittorio Rossi Anthony Goldstein Q&A

3 Media and Financial Analysts Meeting 2017 Welcome Valeria Gavazzi Chairman

4 General Overview Key Figures Key figures CHF million Bookings % Operating revenue %

5 General Overview Key Figures Key figures CHF million of sales Gross profit % EBIT % Net income %

6 Challenges and Opportunities in 2016 / 17 Global economy gaining momentum Growth opportunities, particularly outside Europe Volatile currency environment Ongoing demand for energy management solutions Industry 4.0 as a key driver of innovation

7 General Overview - Markets and Products Controls above last year positive contribution from energy management products Sensors back to growth supported by sold sales of photoelectric sensors Switches, driven by demand for specific soft starters Continued investments to enhance and improve Carlo Gavazzi s product portfolio

8 Dividend Pay-out Ordinary dividend - Bearer share CHF CHF Registered share CHF 3.00 CHF 2.40

9 Media and Financial Analysts Meeting 2017 Automation Components Vittorio Rossi CEO

10 2016/17 Revenue Distribution by Region Asia 14% (14%) North America 20% (19%) EMEA 66% (67%)

11 General Overview - Geography Revenues Europe: +3.1% (+0.8% ) North America: +5.9% (+2.7%) Asia-Pacific: +5.1% (-9.1%) Business development focus Dedicated programs with distributors in North America Deployment of business development programs in China Exploit both direct sales presence and independent distributors network

12 2016/17 Revenue by Product Line Others Electro-Mechanical Switching 6% (8%) Fieldbuses 5% (5%) 8% (7%) Sensors 25% (26%) Solid-State Switching 25% (23%) Controls 31% (31%)

13 Automation Components Product Innovation (1/4) Hadsten, Denmark: Sensors devices R&D Competence Centers Belluno, Italy Monitoring relays, fieldbus, energy management Zejtun, Malta Solid-state switching devices and motor controllers Focus New products & current offering update Energy saving and building automation applications

14 Automation Components Product Innovation (2/4) Energy analyzer EM 340 series

15 Automation Components Product Innovation (3/4) Photoelectric sensors PD30 series

16 Automation Components Product Innovation (4/4) Modbus soft starter RSBT series

17 Outlook Economy gaining momentum, particularly in developing countries Improved scenario also for the industrialized countries Interesting growth opportunities in major markets, particularly outside Europe Continued strengthening of product portfolio Focus on geographical coverage by improving the effectiveness of direct sales organization further developing network of distributors and agents.

18 Media and Financial Analysts Meeting 2017 Financial Highlights 2016/17 Anthony M. Goldstein Chief Financial Officer

19 Income Statement (in CHF million) 2016/ /16 Change Bookings % Operating revenue % Gross profit % in % of revenue 55.1 % 55.5 % Net financial income (exp.), net 0.2 (0.7) EBITDA % EBIT % in % of revenue 12.4 % 11.0 % Earnings before taxes % Net income % per bearer share (CHF)

20 Analysis of net income (in CHF million) 2016/ /16 Net income Less exchange gain (0.2) - Add exchange loss Less arbitration proceeds (2.4) - Adjusted net income

21 Balance Sheet (at March 31, in CHF million) Δ CHF Current assets whereof cash Non-current assets whereof goodwill Liabilities whereof interest-bearing Shareholders equity equity ratio 73.6 % 72.9 % Total

22 Shareholders Equity (in CHF million) Shareholders equity at the beginning of the reporting period equity ratio 72.9 % 73.2 % Net income Currency impact Dividends Other Shareholders equity at March equity ratio 73.6 % 72.9 % ROE 14.1 % 10.6 % ROCE 36.2 % 32.0 %

23 Cash Flow Summary (in CHF million) 2016/ /16 Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Change in cash and cash equivalents

24 Net Cash Position CHF million net cash position 2012/ / / / /17 net cash position

25 Share Price Development Carlo Gavazzi Bearer Share SPI Extra Rebased Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

26 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Share Price over 5 Years 400 Carlo Gavazzi Bearer Share 380 SPI Extra Rebased I 2012/13 I 2013/14 I 2014/15 I 2015/16 I 2016/17 I

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