Imi Plc · LSE:IMI
Imi — Corporate Update (June 2015)
14 slides from Imi's corporate update, Jun 9, 2015
Slide 1: Site visit to IMI Brno
Site visit to IMI Brno Site visit to IMI Brno IMI Group presentation Mark Selway, IMI Group CEO 9 June 2015
Slide 2: Strategic work streams completed
Site visit to IMI Brno Strategic work streams completed Reviewed existing competencies and opportunities 1. ✓ 2. ✓ 3. ✓ 4. ✓ Markets Manufacturing Collaboration Investment Customers operations Synergies for growth Products Product Economies of Acquisitions development scale Peers Systems and Brand C
Slide 3: Well positioned in attractive markets
Site visit to IMI Brno Well positioned in attractive markets High Oil & Gas - CE Best in class = c. £1bn market size ‣ Attractive high growth markets Oil & Gas - PE Power with good competitive positions Control Market Attractiveness Industrial Life Sciences TRV Automation Balancing Water Quality ‣ L
Slide 4: Key challenges identified
Site visit to IMI Brno Key challenges identified ‣ New capital investment required ‣ IT systems (56 different unaligned systems) ‣ Facilities ‣ Increased investment needed in product development ‣ Complex organisational structure ‣ Lack of acquisition integration ‣ No standardisation of processes ac
Slide 5: IMI Critical Engineering: Market and positioning
IMI Critical Engineering (Formerly Severe Service) IMI plc – site visit to IMI Brno operations Market and positioning Petrochemical & Power Oil & Gas Actuation Metals ‣ Almost £7bn 2013 Revenue* (£m) 277 186 156 37 addressable market Market Attractiveness Market size (£m) 1,343 3,108 1,152 1,080 Mar
Slide 6: IMI Critical Engineering: Focus and grow
IMI Critical Engineering IMI plc – site visit to IMI Brno operations Focus and grow 1. 2. 3. 4. Capitalise on Invest to support Enhance Acquisitions to attractive growth growth markets systems and support growth in existing processes markets ‣ Our goal is 6 - 8% ‣ New larger sites in ‣ New product ‣
Slide 7: IMI Precision Engineering: Market and positioning
IMI Precision Engineering (Formerly Fluid Power) IMI plc – site visit to IMI Brno operations Market and positioning Industrial Automation Commercial Vehicle Oil & Gas Life Sciences ‣ £14bn addressable market opportunity Market Attractiveness 2013 Revenue (£m) 423 165 85 50 Market size (£m) 9,174 1,4
Slide 8: IMI Precision Engineering: Fix, focus and grow
IMI Precision Engineering IMI plc – site visit to IMI Brno operations Fix, focus and grow 1. 2. 3. 4. 5. Fix the basics in Grow emerging Increase plant Revitalise Future the next two market local utilisation industrial opportunity for years manufacturing automation larger content and grow acquisitio
Slide 9: IMI Hydronic Engineering: Market and positioning
IMI Hydronic Engineering (Formerly Indoor Climate) Site visit to IMI Brno Market and positioning IMI TA IMI Heimeier IMI Pneumatex Thermostatic ‣ £2bn addressable Balancing Control Pressurisation Water Quality Market Attractiveness Control market opportunity 2013 Revenue (£m) 131 26 101 34 13 Market
Slide 10: IMI Hydronic Engineering: Focus and grow
IMI Hydronic Engineering Site visit to IMI Brno Focus and grow 1. 2. 3. 4. Capitalise on Increase new Optimise Acquisitions European product organisational leadership development structure position ‣ Our goal is >5.0% ‣ 14 new products ‣ Introduce core ‣ Potential bolt-on organic CAGR over launched
Slide 11: Acquisition road map
Site visit to IMI Brno Acquisition road map ‣ Focus on bolt-on, product in-fill, semi- severe and configured ‣ Fix and focus and then target more significant acquisitions (e.g. non-core businesses of large multi-nationals) ‣ Consider opportunities to strengthen position in North America
Slide 12: Strategy execution timeline
Site visit to IMI Brno Strategy execution timeline Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 2014 2015 2016 2017 2018 2019 ✓ “The hard work begins” “Increased investment” “Benefits starting to “Nearly firing on all “Up to full speed” “Double operating show” cylinders” profits” Organic initiatives ‣A
Slide 13: Strategic Progress in 2014
Site visit to IMI Brno Strategic Progress in 2014 ✓ Strategic review completed and 5 year roadmap defined ✓ Benchmarking complete and improvement plans developed in operational, project management and financial systems ✓ Excellent progress made in Lean with further improvement targeted in 2015 ✓ Und
Slide 14: Interim Management Statement May 2015
Site visit to IMI Brno Interim Management Statement 7 May 2015 ‣ Markets challenging: delays impacting first ‣ First half revenues broadly flat with half order intake lower margins versus 2015 ‣ No cancellations but delays could push ‣ Brazilian market and economics poor some projects to 2016 and ac