Schweiter Technologies Ag · SIX:SWTQ
Schweiter Technologies — Merger or Acquisition (July 2017)
18 slides from Schweiter Technologies's merger presentation, Jul 3, 2017
Slide 1: Media & Analyst Conference 2017
1 Media & Analyst Conference 2017 WELCOME Zurich - July 3, 2017 Media & Analyst Conference 2017
Slide 2: Content
MEDIA & ANALYST CONFERENCE 2017 2 Content 1 Welcome and Introduction 2 Sale of SSM Textile Machinery to Rieter 3 Acquisition of Athlone Extrusions Ltd. Media & Analyst Conference 2017
Slide 3: Schweiter at a Glance
1 WELCOME & INTRODUCTION 3 Schweiter at a Glance SCHWEITER TECHNOLOGIES IS A GLOBAL TECHNOLOGY GROUP COMPRISING THE TWO DIVISIONS 3A COMPOSITES AND SSM TEXTILE MACHINERY Key Figures 2016 Portfolio Strategy & Goals Development & manufacturing of Focus on innovation, $€ 1bn CHF sales • composite panel
Slide 4: Schweiter Technologies - Net Sales 2016
1 WELCOME & INTRODUCTION 4 Schweiter Technologies - Net Sales 2016 SSM 9% 1’003 m CHF 91% 3A Composites Media & Analyst Conference 2017
Slide 5: Content
MEDIA & ANALYST CONFERENCE 2017 5 Content 1 Welcome and Introduction 2 Sale of SSM Textile Machinery to Rieter 3 Acquisition of Athlone Extrusions Ltd. Media & Analyst Conference 2017
Slide 6: Rationale to sell SSM Textile Machinery
2 SALE OF SSM TEXTILE MACHINERY 6 Rationale to sell SSM Textile Machinery • SSM Textile Machinery is in a very good shape, however: • Best ownership approach: Rieter is the better owner to further develop and expand SSM’s business • SSM will add complementary technology & market segments to Rieter •
Slide 7: Rieter Group - the purchasing company
2 SALE OF SSM TEXTILE MACHINERY 7 Rieter Group - the purchasing company • Rieter (www.rieter.com) is the world's leading supplier of systems for short-staple fiber spinning • Established in 1795 in Winterthur (Switzerland), Rieter is the only supplier worldwide to cover spinning preparation processe
Slide 8: Details of the transaction
2 SALE OF SSM TEXTILE MACHINERY 8 Details of the transaction • Share purchase agreement signed on June 30, 2017 • Simultaneous closing as of June 30, 2017 • Total proceeds of 124.2 mCHF (incl. cash balances remaining within SSM) • Enterprise value of 100 mCHF on a cash-free / debt-free basis • Expec
Slide 9: Successful transactions since 1998
2 SALE OF SSM TEXTILE MACHINERY 9 15 successful transactions since 1998 ACQUISITIONS 1999 2000 2004 2005 2008 2009 2012 2015 2017 DIVESTMENT Media & Analyst Conference 2017
Slide 10: Content
MEDIA & ANALYST CONFERENCE 2017 10 Content 1 Welcome and Introduction 2 Sale of SSM Textile Machinery to Rieter 3 Acquisition of Athlone Extrusions Ltd. Media & Analyst Conference 2017
Slide 11: Acquisition Athlone Extrusions Ltd - Key facts
3 ATHLONE EXTRUSIONS LTD 11 Acquisition Athlone Extrusions Ltd Key facts Estimated closing date: July 31, 2017 The largest independent Net Sales 2016: European transparent plastic EUR 62 Mio. sheet manufacturer Purchase Price: EUR 48 Mio. (cash free / debt free) Independent thermoplastic sheet extru
Slide 12: Acquisition Athlone Extrusions Ltd
3 ATHLONE EXTRUSIONS LTD 12 Acquisition Athlone Extrusions Ltd • Athlone Extrusions Ltd was founded in 1971 and is a privately owned, independent thermoplastic sheet extruder and compounder • Since its foundation the company has had an impressive growth supported by continuous investments in the pro
Slide 13: Acquisition Athlone Extrusions Ltd
3 ATHLONE EXTRUSIONS LTD 13 Acquisition Athlone Extrusions Ltd Athlone Extrusions Ltd. produces in Ireland, has sales offices in Ireland, England and the Netherlands and exports to over 50 countries worldwide Media & Analyst Conference 2017
Slide 14: Attractive route-to-market strategy
3 ATHLONE EXTRUSIONS LTD 14 Acquisition Athlone Extrusions Ltd Attractive route-to-market strategy with only 15% of product sold through distributors Athlone Extrusions Ltd Manufacturers Plastic Sheet Industrial moulders / Fabricators Distributor Mould plastic sheet into end Sells plastic sheet to l
Slide 15: Athlone sales by market segment
3 ATHLONE EXTRUSIONS LTD 15 Acquisition Athlone Extrusions Ltd Sales FY 2016 PRODUCTION by market segment • Low order sizes, short batch production runs • Short turnaround times • Value added product specifications CUSTOMER RELATIONSHIP Automotive • Qualified and experienced sales teams 25% Other •
Slide 16: Product solutions / applications
3 ATHLONE EXTRUSIONS LTD 16 Acquisition Athlone Extrusions Ltd Product solutions / applications 1 Polystyrene: Sheet materials used in applications where low cost and attractive appearance are requirements – e.g. as advertising displays 2 High Impact Polystyrene (HIPS): Materials with high impact st
Slide 17: Athlone's end customers
3 ATHLONE EXTRUSIONS LTD 17 Acquisition Athlone Extrusions Ltd • Athlone’s ultimate end customers include some of the largest and most well recognised companies in the world Media & Analyst Conference 2017
Slide 18: Disclaimer
18 Disclaimer This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for purchase or sell any investment and neither it nor anything it contains shall form the basis of any contact whatsoever. Opinions expressed herein reflect
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