Andritz AG · VIE:ANDR

Andritz — Schuler — Investor Day (October 2013)

36 slides from Andritz's investor day presentation, Oct 8, 2013

  1. Slide 1: Schuler – 175 Years of Future

    SCHULER – 175 YEARS OF FUTURE CAPITAL MARKET DAY ANDRITZ MUNICH, OCTOBER 8, 2013

  2. Slide 2: Agenda

    AGENDA 1 Schuler at a glance 2 Market footprint of schuler worldwide 3 Technology fields and range of products 4 Our strategy – Growth, innovation and efficiency 5 Financial performance 6 Financial outlook 10/7/2013 COMPANY PRESENTATION 2

  3. Slide 3: Schuler at a Glance

    FORMING THE FUTURE SCHULER "4 Member of the ANDRITZ GROUP SCHULER AT A GLANCE

  4. Slide 4: Schuler at a Glance

    SCHULER AT A GLANCE Facts and figures Schuler Group 2011/12  Technological and global market leader in the metal forming industry Sales € 1.2 bn.  Founded 1839 in Göppingen, Germany  Products: Cutting edge presses, automation, dies, process know‐how, New orders € 1.3 bn. and services for the enti

  5. Slide 5: Market Footprint of Schuler Worldwide

    MARKET FOOTPRINT OF SCHULER WORLDWIDE

  6. Slide 6: Our Global Customer Base

    OUR GLOBAL CUSTOMER BASE Automotive OEM Tier 0.5 Tier 1‐3 Appliances Railway Aerospace Defense Large Pipes Minting Drives and Generators Packaging 10/7/2013 COMPANY PRESENTATION 6

  7. Slide 7: Customer References

    CUSTOMER REFERENCES MARKET AND TECHNOLOGY LEADERSHIP SINCE 1839 10/7/2013 COMPANY PRESENTATION 7

  8. Slide 8: Schuler Worldwide

    SCHULER WORLDWIDE USA Germany China Canton, MI Poland Beijing, Jinan, Tianjin Great Britain Kędzierzyn‐Koźle Walsall Thailand USA Slovakia China Hastings, MI 32% Dubnica nad Váhom Bangkok Shanghai, Dalian France Strasbourg Spain Barcelona Switzerland Gettnau 33% Italy Turin Russia Mexico 20% India M

  9. Slide 9: Technology Fields, Range of Products

    TECHNOLOGY FIELDS RANGE OF PRODUCTS

  10. Slide 10: Press Technology for the Automotive Industry

    PRESS TECHNOLOGY FOR THE AUTOMOTIVE INDUSTRY Press Lines Transfer and ProgDie Presses Tryout Systems 10/7/2013 COMPANY PRESENTATION 10

  11. Slide 11: Massive Forming Technology

    MASSIVE FORMING TECHNOLOGY FOR THE AUTOMOBILE INDUSTRY, RAILWAY AND AEROSPACE Systems for Cold Forging Systems for Warm Forging Systems for Hot Forging 10/7/2013 COMPANY PRESENTATION 11

  12. Slide 12: Highspeed Technology for Mass Production

    HIGHSPEED TECHNOLOGY FOR THE MASS PRODUCTION Packaging Industry Minting Technology Manufacturing of Electric Motor Laminations 10/7/2013 COMPANY PRESENTATION 12

  13. Slide 13: Automation Solutions

    AUTOMATION SOLUTIONS EFFICIENT FROM COIL (UP) TO END‐OF‐LINE Blanking Lines From Press to Press End‐of‐Line Automation 10/7/2013 COMPANY PRESENTATION 13

  14. Slide 14: Process Technology from Simulation to Series Production

    PROCESS TECHNOLOGY FROM THE SIMULATION TO SERIES PRODUCTION Engineering Autobody Tools/Transfer Dies Manufacturing 10/7/2013 COMPANY PRESENTATION 14

  15. Slide 15: Schuler Service

    SCHULER SERVICE MORE PRODUCTIVITY BY IDEAL SERVICE Productivity Safety Partnership Future Competence  Inspection and  Hotline and  Service  Overhauling  Schuler academy inspection PLUS hotline PLUS contracts  Modernization  Individual  Pre‐emptive  Remote Service  Used machines  Plant‐ cu

  16. Slide 16: Our Strategy – Growth, Innovation and Efficiency

    OUR STRATEGY – GROWTH, INNOVATION AND EFFICIENCY

  17. Slide 17: Growth of Automobile Market 2012-19

    GROWTH INNOVATION EFFICIENCY GROWTH OF AUTOMOBILE MARKET 2012‐19 Light vehicle production in million units CAGR +4.3% 27.4 million 102.2 102.2 106.4 CAGR 98.8 2012‐‘19 94.7 89.0 83.1 26.2 26.2 28.1 China 6.9% 79.0 25.2 23.5 Asia (w/o CN) 2.8% 21.4 16.4 18.9 25.8 25.8 26.5 East Europe 5.2% 24.6 25.0

  18. Slide 18: PwC Autofacts: Growth per Region 2012-2019

    GROWTH INNOVATION EFFICIENCY PWC AUTOFACTS: GROWTH PER REGION 2012‐2019 East Europe 1.7m EU North America 2.9m 2.8m Developing Asia Pacific Σ Growth light vehicle 17.2m production: +27.4m South America Developed Asia Pacific 2.7m ‐0.8m Middle East/Africa 0.9m 10/7/2013 COMPANY PRESENTATION Source: P

  19. Slide 19: Driving Growth Across the Portfolio

    GROWTH INNOVATION EFFICIENCY DRIVING GROWTH ACROSS THE PORTFOLIO  Expanding into other promising segments whilst maintaining a strong focus 20% on the automotive sector (OEM; Tier 0.5; Tier 1‐3)  Identification and definition of industry groups besides automotive with 50% substantial growth potent

  20. Slide 20: Machine Tools Market Development

    GROWTH INNOVATION EFFICIENCY MACHINE TOOLS MARKET DEVELOPMENT CHINA IS THE WORLD’S LARGEST MACHINE TOOLS MARKET WITH € 15 BILLION TURNOVER (2012) Production in billion € 16,000 Germany Japan USA China 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 20

  21. Slide 21: Market Development in China

    GROWTH INNOVATION EFFICIENCY MARKET DEVELOPMENT IN CHINA – CHANGES FOR GERMAN ENGINEERING COMPANIES*  Mid‐price market segment will develop into the largest sub‐segment of the Chinese engineering market over the next 3‐5 years  Every fourth German engineering company will have research and develop

  22. Slide 22: Asia in Focus

    GROWTH INNOVATION EFFICIENCY ASIA IN FOCUS EXPANSION OF PRODUCTION AND PROXIMITY TO CUSTOMERS IN CHINA NEW PLANT IN DALIAN:  Capacities tripled up to 16,000 square meters, Beijing Dalian investment volume of approx. € 16 million Shanghai IN SHANGHAI  Strategic procurement, supply management, local

  23. Slide 23: Growth via Improved Service Offerings

    GROWTH INNOVATION EFFICIENCY GROWTH VIA IMPROVED SERVICE OFFERINGS INCREASING SALES BY EXPANDING SERVICE PORTFOLIO  Growing importance of comprehensive “Life Cycle Support” and “Performance Enhancements for Customer Machinery” 30% 40%  Installed production base of over 20,000 presses  Realignment

  24. Slide 24: ServoDirect Technology Revolutionized the Press World

    GROWTH INNOVATION EFFICIENCY SERVODIRECT TECHNOLOGY REVOLUTIONIZED THE PRESS WORLD Innovation in high‐technology The ServoDirect drive technology increases flexibility and productivity. 10/7/2013 COMPANY PRESENTATION 24

  25. Slide 25: Carbon Forming: Resin Transfer Moulding for CFRP

    GROWTH INNOVATION EFFICIENCY CARBON FORMING: RESIN TRANSFER MOULDING FOR CARBON‐FIBER REINFORCED PLASTICS (CFRP) Innovation in high‐technology Carbon Forming enables higher component rigidity with reduced weight in lightweight automobile construction. 10/7/2013 COMPANY PRESENTATION Source: BMW 25

  26. Slide 26: Improved Efficiency by Strategy Program

    GROWTH INNOVATION EFFICIENCY IMPROVED EFFICIENCY BY STRATEGY PROGRAM PROGRAM LAUNCHED FOR COOPERATION BETWEEN ANDRITZ AND SCHULER AIM: Discover potential for optimization and possible synergies PROCUREMENT TREASURY LEGAL MODULES: IT COMMUNICATION COMPLIANCE SYNERGY POTENTIAL ESPECIALLY IN THE FIELD

  27. Slide 27: Financial Performance

    FORMING THE FUTURE SCHULER "4 Member of the ANDRITZ GROUP FINANCIAL PERFORMANCE

  28. Slide 28: Successful Years: Sales Doubled, EBITDA Quadrupled

    SUCCESSFUL YEARS: SALES DOUBLED, EBITDA QUADRUPLED Sales EBITDA In million € In million € In % 9.6% 200 10 1,226.1 8.8% 180 9 160 8 958.5 140 7 118.3 120 6 650.3 100 4.6% 5 84.8 80 4 60 3 40 30.0 2 20 1 0 0 2009/10 2010/11 2011/12 2009/10 2010/11 2011/12 10/7/2013 COMPANY PRESENTATION 28

  29. Slide 29: Successful Years: New Orders and Sales at Record Levels

    SUCCESSFUL YEARS: NEW ORDERS AND SALES AT RECORD LEVELS New Orders Sales In million € In million € Rest of World Rest of World 1,226.1 Asia Asia Americas 1,319.0 1,300.9 Americas +27.9% 4.5 Rest of Europe Rest of Europe 958.5 3.2 4.6 Germany +61.2% ‐1.4% Germany +47.4% 7.3 +29.9% 401.2 818.4 390.7 +

  30. Slide 30: Most New Orders from Germany and Asia

    MOST NEW ORDERS FROM GERMANY AND ASIA Germany 42% Americas** Asia* 13% Europe without 31% Germany 14% Legend: * Incl. other regions Production sites of ** North and South America Schuler Basis: FY 2011/12 10/7/2013 COMPANY PRESENTATION 30

  31. Slide 31: Equity Continuously Strengthened

    EQUITY CONTINUOUSLY STRENGTHENED Net Financial Status Equity In € million In € million Equity ratio (%) 244.6 205.2 137.8 100.2 116.8 27.1 22.9 1900 1900 1900 16.1 ‐106.3 09/30/2010 09/30/2011 09/30/2012 09/30/2010 09/30/2011* 09/30/2012 10/7/2013 COMPANY PRESENTATION * Prior‐year figures adjusted a

  32. Slide 32: Stable Development in First Nine Months of 2012/13

    STABLE DEVELOPMENT IN FIRST NINE MONTHS OF 2012/13 Key figures 9 months 2011/12 9 months 2012/13 Change  Sales of € 851.6 million (in € million) only slightly down on New orders 1,046.3 836.5 ‐20.1% previous year Sales revenues 877.8 851.6 ‐3.0%  Fall in new orders Order backlog (1) 1,204.2 1,095.

  33. Slide 33: Financial Outlook

    FORMING THE FUTURE SCHULER "4 Member of the ANDRITZ GROUP FINANCIAL OUTLOOK

  34. Slide 34: Positive Outlook for 2012/13

    POSITIVE OUTLOOK FOR 2012/13  Market and technological leader INNOVATIVE STRENGTH  Comprehensive experience and know‐how  Remains most important market AUTOMOTIVE INDUSTRY  Prospects remain highly promising  Existing business as stable basis FOCUS ON  Focus on important Asian markets KEY GROWT

  35. Slide 35: Disclaimer

    DISCLAIMER This presentation contains forward‐looking statements which are subject to risks and uncertainties, in particular regarding future events, future development of value, plans, strategies, expectations, outlook, including statements in connection with potential profits. Schuler AG has based

  36. Slide 36: Company Presentation

    10/7/2013 COMPANY PRESENTATION 36

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