Financial Statement 2001

Transcription

1 Financial Statement 2001 Helsinki, February 14, 2002 Pertti Tarvainen President JOT Automation Group Plc. company financials products technologies local

2 Key Figures Mill. EUR Change,% Net Sales 76,1 140,1 45,7 Operating Profit 15,8 14,1 Operating Profit, % of Net Sales Profit before taxes Profit before taxes, % of net sales 20,7 15,8 20,8 10,0 13,1 9,4 EUR Earnings / share 0,09 0,06 Equity / share 0,15 0, JOT Automation company financials products technologies local 2

3 Net Sales 2001 Mill. EUR , , ,1 76, ,9 16,1 30, company financials products technologies local 3

4 Net Sales by customer segments 97,8 Mill. EUR ,7 14,2 15,1 8,2 27,4 20,2 5 0 Telecom EMS CMS GDT 0 company financials products technologies local 4

5 Net Sales by market area 2001 Other Europe 30,4 % (39,2 %) Nordic Countries 36,3 % (23,7 %) Asia 16,0 % (20,2 %) Americas 17,3 % (16,9 %) Net Sales by market area 2001 (Net Sales by market area 2000) company financials products technologies local 5

6 Profitability 16,3 Mill. EUR 15 14, , ,5 1,6 0,7 15, company financials products technologies local 6

7 Key Figures Return on equity, % (ROE) Return on investment, % (ROI) ,6 16, ,2 29,5 Interestbearing net liabilities mill.eur Net Gearing, % Equity ratio, % 13,1 49,5 37,3 4,3 11,2 47,5 company financials products technologies local 7

8 Key Figures Gross investments in, mill. EUR , ,9 Gross investments in, % of net sales 17,6 5,0 R & D costs, mill. EUR R & D costs, % of net sales 5,3 7,0 7,9 5,6 company financials products technologies local 8

9 Personnel company financials products technologies local 9

10 Ownership December, Private companies 11,6% Financial institutions and insurance companies 16,4 % Foreignowned and nomineeregistered shares 8,9 % Public corporations 12,5 % Other organizations 3,4 % Private investors 46,3 % company financials products technologies local 10

11 Mill. EUR Quarterly Profitability ,3 6,1 6 30% 5 25% 3,8 4 20% 3 15% Operating Profit Operating Profit(%) 2 10% 1 5% 0 0% 1 5% 2 3 2,2 1,8 10% 15% 4 5 4,3 3,6 20% 25% 6 6,1 13/00 46/00 79/ /00 13/01 46/01 79/ /01 30% company financials products technologies local 11

12 Quarterly Net Sales Mill. EUR ,3 40,0 33, ,4 24,5 15,4 20,1 16, /00 46/00 79/ /00 13/01 46/01 79/ /01 company financials products technologies local 12

13 Largest shareholders December 28, 2001 Largest shareholders excluding nominee registered Number per cent of of shares share Terentjeff Jorma, Board Member Head Invest Oy Tapiola General Mutual Insurance Company Ilmarinen Mutual Pension Insurance Company VarmaSampo Mutual Pension Insurance Company Kettula Mika, Chairman of the Board Tapiola Mutual Pension Insurance Company Svenska Handelsbanken AB Sitra (Finnish National Fund for Research and Develop.) Evatec Oy Foreign and nominee registered The shares owned by the Board members of JOT Automation Group Plc. and communities effectively controlled by them ,1 4,5 2,9 2,7 2,6 1,8 1,5 1,2 1,2 1, , ,5 company financials products technologies local 13

14 Latest Actions Helsinki February 14, 2002 Pertti Tarvainen President and CFO JOT Automation Group Plc. company financials products technologies local

15 Adaptation Actions To meet the current level of demand To achieve essential improvement in profitability Actions:» Reduction of personnel costs» Reorganization of production: Finland and USA» Other saving actions» Target reduction euros per month at the minimum company financials products technologies local 15

16 Management of the Adaptation Actions Very urgent 7 days Urgent 30 days Short term 180 days company financials products technologies local 16

17 Executive Management Team to be strengthened Pertti Tarvainen, President & CFO Mika Mämmelä, Director, Product Creation Juha Nurmimäki, Director, Production New members: RitvaLiisa Niskanen, Director, Human Resources Pekka Pesonen, Director, Business Development Juha Reinikka, Director, Sales company financials products technologies local 17

18 Business Overview Helsinki February 14, 2002 Mika Kettula Chairman of the Board JOT Automation Group Plc. company financials products technologies local

19 Customers Telecommunications: Nokia Ericsson Motorola Nortel Lucent Panasonic Component Manufacturing Services (CMS): Eimo Perlos Nolato Rosti TripleS Electronics Manufacturing Services: Solectron Flextronics International Sanmina SCI Elcoteq Jabil Circuit Celestica Automotive Electronics: VTI Hamlin Hella Valeo Siemens DaimlerChrysler company financials products technologies local 19

20 Telecom for JOT Automation Suurin Largest asiakastoimiala customer segment ja hyvä and kasvualusta: excellent platform for business development User of new technologies Core business for JOT JOT has gained wide expertise on telecom production Large number of lines installed:» creates modification and service business company financials products technologies local 20

21 Market Changes 2001 Transition phase to implementation of new technologies (GPRS and 3G) Decreased estimates of mobile phone sales Focus on Asia, especially in China Outsourcing of production Consolidation continued Overcapacity in production company financials products technologies local 21

22 More complex products, more variations Increasing number of active components Shortened product design phase Variations in assembly phase More testing needed company financials products technologies local 22

23 JOT Automation s Focus Areas Production System Sales Equipment sales Test Automation Assembly Automation Material Handling and Processing Key Customers Distribution Channel company financials products technologies local 23

24 Industry focus: Capacity exists Focus on effectiveness company financials products technologies local 24

25 Industry focus: CMS business Increasing number of components, more assembly More market based variations Shortened end product life cycles Design of plastic covers plays remarkable role on the end product markets company financials products technologies local 25

26 Variations Challenge for Manufacturing Process a a a planned volume / model b c d e f g X X b c e g realized volume / model company financials products technologies local 26

27 Platforms and Standardization Benefits for JOT Automation» Rapid and cost efficient manufacturing» Standard parts» Effective customer specific tailoring Benefits for customers» Short delivery time» Reusability» Flexibility company financials products technologies local 27

28 Sales Function to be Reorganized Juha Reinikka Sales Director Product Groups >Development of net sales >Business development Regions >Regional sales >Operational profit Assembly Automation Test Automation Material Handling Americas Europe Asia company financials products technologies local 28

29 Focus on Asia Beijing 2001 Korea 1999 Singapore 1999 Hong Kong 1998 JOT Automation unit Representative office company financials products technologies local 29

30 Global Networks Japan CMS Malaysia CMS FA EMS Malaysia EMS CMS FA Singapore PAC PAC HongKong PAC FA FA Korea CMS EMS CMS FA Korea CMS Singapore EMS CMS EMS Korea Korea Korea Japan CMS EMS Korea PA C FA Korea EMS CMS Germany Korea China China CMS Korea CMS Singapore China CMS China Korea company financials products technologies local 30

31 Competition Harder competition» Price competition in equipment market» Asian Material Handling suppliers entered the equipment market Hard times for smaller equipment suppliers Consolidation takes over of automation providers Development of local competence More efficient products and production Strategic alliances company financials products technologies local 31

32 JOT in customers value chain Technology consultant services rampup support training Material Handling Test Automation operator services full service Assembly (automated) Assembly (manual) Control Software Automated Packaging Inventory And Logistics To the Market Product Design Ramp Up component and subassembly manufacturing company financials products technologies local 32