Andritz Ag · VIE:ANDR
Andritz — Investor Presentation (December 2012)
25 slides from Andritz's investor presentation, December 2012
Slide 1: The ANDRITZ GROUP Company presentation December 2012
The ANDRITZ GROUP Company presentation December 2012
Slide 2: Contents
Contents 1. ANDRITZ GROUP overview 2. Financial development Q3/Q1-Q3 2012 and acquisitions 3. Long-term goals and outlook 2 Company presentation December 2012
Slide 3: Company profile: a world market leader in most business areas
Company profile A world market leader in most business areas HYDRO PULP & PAPER SEPARATION METALS FEED & BIOFUEL 40-45%* 30-35%* 10%* 10%* 5%* Electromechani- Systems for the Equipment for the Systems for the Systems for the cal equipment production of all mechanical and production and production of
Slide 4: Strengthening of the market position
Strengthening of the market position Growth through organic expansion and acquisitions HYDRO PULP & PAPER 2006 VA TECH HYDRO 1990 Sprout-Bauer 2007 Tigép 1992 Durametal 2008 GE Hydro business 1994 Kone Wood 2008 GEHI (JV) 1998 Kvaerner Hymac 2010 Precision Machine 1999 Winberg 2010 Hammerfest Strøm
Slide 5: Strong net cash position
Strong net cash position Stable development despite acquisitions Ahlström Guinard Fiedler Kaiser Lenser VA TECH Tigép GE Hydro Rollteck DMT/Biax AE&E Bricmont rem. 50% rem. 50% HYDRO Austria IDEAS AFSR Universal Sindus GEHI Frautech Rieter Soutec Fläkt Kue
Slide 6: Contents
Contents 1. ANDRITZ GROUP overview 2. Financial development Q3/Q1-Q3 2012 and acquisitions 3. Long-term goals and outlook 6 Company presentation December 2012
Slide 7: Key figures at a glance (I)
Key figures at a glance (I) Q3 2012 Q1-Q3 2012 Order intake: 1,239 MEUR, 3,793 MEUR, Favorable development in Q3 2012, only slightly below high -1% YOY -23% YOY reference figure of last year, which included a large order in HYDRO; increase in PULP & PAPER, METALS, and FEED & BIOFUEL Order intake
Slide 8: Key figures at a glance (II)
Key figures at a glance (II) Q3 2012 Q1-Q3 2012 EBITA: 87 MEUR, 242 MEUR, EBITA in Q3 2012 slightly below Q3 2011 -4% YOY +9% YOY EBITA in Q1-Q3 2012 increased compared to last year, but not fully matching sales growth EBITA margin: decline in Q3 2012 and Q1-Q3 2012, mainly due 6.8% 6.5% to PULP
Slide 9: HYDRO: Continued good business development
HYDRO Continued good business development Market conditions: Acceptable investment activity for modernization/rehabilitation of existing hydropower plants and for pumped storage power stations in Europe and North America Solid project activity for new hydropower plants in the emerging markets;
Slide 10: PULP & PAPER: Satisfactory business development
PULP & PAPER Satisfactory business development Market conditions: Favorable project activity for modernization projects, capacity increases, and greenfield pulp mills Good market development for biomass/recovery boilers Order intake in Q3 2012 increased significantly with favorable developme
Slide 11: Acquisition of AES, USA
Acquisition of AES, USA Strengthening of air pollution control systems Products and services: ANDRITZ acquired Allied Environmental Solutions (AES), now ANDRITZ Environmental Solutions, a supplier of air quality control technology for the power generation market in the USA Strategic fit and goal: St
Slide 12: SEPARATION: Disappointing earnings and sales development
SEPARATION Disappointing earnings and sales development Market conditions: Mining and environmental: some weakening of project activity China Food and chemical: solid project activity Order intake and sales declined in Q3 2012; however, order intake and sales in Q1-Q3 2012 slightly rose co
Slide 13: Acquisition of GMF-Gouda, Netherlands
Acquisition of GMF-Gouda, Netherlands Complementing drying technology in SEPARATION Products and services: Drum dryers and paddle dryers for the food industry (e.g. baby food), the chemical industry, and the municipal sector of the environmental industry Strategic fit: Complementing and extending th
Slide 14: METALS: Solid business development despite weak market environment
METALS Solid business development despite weak market environment Market conditions: Global market activity remained slow Only selective project activity due to ongoing overcapacities in the steel/stainless steel production and related limited capex Order intake significantly up due to a lar
Slide 15: Acquisition of Schuler AG
Acquisition of Schuler AG ANDRITZ has access to 89.24% of Schuler shares At the end of May 2012, ANDRITZ signed an agreement with Schuler-Beteiligungen GmbH to acquire its entire 38.5% stake in Schuler AG, Germany; purchase price: 20.00 EUR/share ANDRITZ bought 24.99% stake in Schuler after anno
Slide 16: Schuler: Global leader in metal forming technology
Schuler: Global leader in metal forming technology, broadening ANDRITZ’s product range in METALS Global market leader for metal forming equipment (complete pressing lines, single presses, automation systems, and services) Main end customer industries: automotive and automotive suppliers (~75%),
Slide 17: Global automobile manufacturing to grow by 4% p.a.
Global automobile manufacturing to grow by 4% p.a. Strongest growth in emerging markets Million units 100 94 90 90 85 82 80 78 76 CAGR 2008-2016E 73 70 67 ■ Others (South America, 60 58 South Africa) +6.1% 50 ■ China +15.7% 40 ■ Asia (without China) +1.5% 30 ■ USA +3.0% 20 ■ Europe +0.6% 10 0 2008 2
Slide 18: Tailor-welded blanks volume worldwide
Tailor-welded blanks volume worldwide China again outpaces rest of the world MEUR 350 319 309 298 300 271 274 265 247 243 244 250 CAGR 2008-2016 ■ Mercosur +3.4% 200 ■ China, rest of Asia +7.8% ■ Japan +0.4% 150 ■ Nafta +1.4% 100 ■ Europe +1.3% 50 0 2008 2009 2010 2011 2012E 2013E 2014E 2015E 2016E
Slide 19: ANDRITZ Soutec: A leading supplier of welding systems
ANDRITZ Soutec A leading supplier of welding systems Products and services: Laser and rolled seam resistance welding systems for the metalworking industry Strategic fit: Welding systems for tailor-welded blanks Headquarters: Neftenbach, Switzerland Number of employees: ~90 Annual sales: ~30 MEUR Imp
Slide 20: FEED & BIOFUEL: Good business development
FEED & BIOFUEL Good business development Market conditions: Good project activity in the animal, aquatic, and pet food industries, especially in North and Central America; particularly the special feed area showed favorable project activity Satisfactory project activity for biomass/wood pellet
Slide 21: Contents
Contents 1. ANDRITZ GROUP overview 2. Financial development Q3/Q1-Q3 2012 and acquisitions 3. Long-term goals and outlook 21 Company presentation December 2012
Slide 22: Sales outlook 2012 and 2013
Sales outlook 2012 and 2013 2012: Sales increase to approx. 5 billion EUR expected, mainly due to processing of the large pulp mill orders received in 2011 2013: first-time consolidation of Schuler Sales of the ANDRITZ GROUP (MEUR) ~0.5-1.0 bn. EUR Schuler* * Excluding Schuler Group: Consolidation i
Slide 23: Target to continue long-term profitable growth
Target to continue long-term profitable growth 7.0% EBITA margin over the cycle 2010 et seq.: 7.0% over the cycle 2005-2009: avg. 6.0% 2000-2004: avg. 5.3% * 0 * Including restructuring expenses 23 Company presentation December 2012
Slide 24: Summary
Summary Long-term structural trends within all five business areas should support long-term organic growth of ANDRITZ Acquisitions will remain strategic focus to complement product range and support long-term growth Cautious market environment but still good project activity in all business ar
Slide 25: Disclaimer
Disclaimer Certain statements contained in this presentation constitute ‛forward-looking statements.’ These statements, which contain the words ‛believe’, ‛intend’, ‛expect’ and words of similar meaning, reflect management’s beliefs and expectations and are subject to risks and uncertainties that ma
Andritz Group — Investor Presentation (December 2012) on 6ix