Autoneum Holding AG · SIX:AUTN

Autoneum — Investor Presentation (April 2013)

28 slides from Autoneum's investor presentation, April 2013

  1. Slide 1: Investor Presentation

    Investor Presentation Urs Leinhäuser, CFO & Deputy CEO . April 2013

  2. Slide 2: Agenda

    Agenda Positioning Highlights of business year 2012 Financial results 2012 Strategy and outlook 2013 Conclusion

  3. Slide 3: Positioning (1/2)

    Positioning (1/2) % = share of sales Key facts Products • Market and technological leader of • Interior Floor 48% acoustic and thermal management • Underbody 18% • Tier 1 supplier • Engine Bay 12% • Global footprint for sales, development and manufacturing with: • Body Treatment 11% - 1 central rese

  4. Slide 4: Positioning (2/2)

    Positioning (2/2) Key figures 2012 1 = in Mio CHF Top customers % = share of sales • Net sales 1’9081 • EBIT 761 9% 7% - Margin 4% 7% 11% • Net Profit 291 6% • Free Cash flow 481 6% 14% • Capex 751 6% • Employees 9’820 5% 7% 5% 3% Truck 4% 3% 4%3% Other Investor Presentation . April 2013 4

  5. Slide 5: Highlights 2012 Sales

    Highlights 2012 Sales • Increased net sales in all regions • Market shares gained • Business with premium car manufacturers compensated for declining sales to South European OEMs • Well taken advantage of market boom in North America • Asia: new customer orders for future growth acquired + Investor

  6. Slide 6: Highlights 2012 Strategy

    Highlights 2012 Strategy • Progress achieved in all strategic priorities through launch of specific projects • Autoneum brand and positioning as a market leader in acoustics and thermal management further strengthened • Additional lightweight innovations released to support CO2 reductions • Identity

  7. Slide 7: Financial Results 2012

    é ~<a VRS 4g SAAN AAWRRR AY, Financial Results 2012 e@@e@080086e

  8. Slide 8: Net sales

    Net sales Significant growth thanks to global presence Mio. CHF • Growth above market Sales 2011: 1’682 development based on Sales 2012: 1’908 global presence, broad BG SAMEA customer portfolio and leading technological BG Asia 7% position 5% (8%) (6%) • BG North America with rising share in Autoneu

  9. Slide 9: Operating result (EBIT)

    Operating result (EBIT) All Business Groups with positive EBIT Margin Margin Mio. CHF 2.1% 4.0% • EBIT more than 80 75.5 doubled from 34.9 to 2.8 8.8 75.5 million CHF 60 • EBIT margin almost 34.9 doubled to 4.0% of net 7.2 sales 40 5.8 60.1 • All BGs recorded a positive EBIT for the 20 29.9 first ti

  10. Slide 10: Net profit

    Net profit Net profit improved and positive EPS CHF million 2012 2011 • Net profit before taxes increased from 12.6 to Net sales 1’907.7 1’682.4 54.0 million CHF mainly EBITDA 144.6 104.2 due to improved EBIT Operating result before 75.5 34.9 • Tax rate improved, but interest and taxes (EBIT) still

  11. Slide 11: RONA

    RONA Economic value created Mio. CHF • RONA exceeded 10 9.5% WACC for the first time 8.7% WACC • RONA more than 8 doubled to 9.5% (2011: 4.1%) 6 • Value created and financial milestone 4.1% reached earlier than 4 targeted 2 0 2011 2012 Investor Presentation . April 2013 11

  12. Slide 12: Cash flows

    Cash flows Positive free cash flow CHF million 2012 2011 • Strong improvement in cash flow mainly based Net profit 28.7 2.3 on the improvement of Depreciation and amortization and other 66.5 70.6 the net profit non-cash items Cash flow 72.9 • Significant reduction of 95.2 NWC, especially Change in n

  13. Slide 13: Balance sheet

    Balance sheet Solid financing structure CHF million 2012 2011 • Autoneum demon- strates solid balance Total assets 959.9 996.4 sheet with no goodwill Non-current assets 442.4 430.2 • Active and disciplined Net working capital 45.2 77.9 management of operating NWC helped Cash and cash equivalents 75.

  14. Slide 14: Dividend

    Dividend First time dividend payout 2012 2011 • Dividend resolution of 0.65 CHF per share Net profit in Mio. CHF 28.7 2.3 (equivalent to Attributable to shareholders of 11.2 -10.0 3 Mio. CHF) Autoneum Holding Ltd in Mio. CHF • Distribution out of the Earnings per share (EPS) in CHF 2.41 -2.13 reserv

  15. Slide 15: Strategy and outlook 2013

    é ~<a VRS 4g SAAN AAWRRR AY, Strategy and outlook 2013 e@@e@080086e

  16. Slide 16: Major trends in Autoneum's environment

    Major trends in Autoneum’s environment Impact on Growing car demand Alternative powertrain in emerging markets concepts • Participate in BRICS growth • Reduce complexity and Shrinking market concentrate on core business Tightening CO2 and in Europe pass-by noise regulations • Balance continuing high

  17. Slide 17: Strategic priorities

    Strategic priorities Focus on acoustic & thermal management Pursue solutions in Grow profitably consolidation automotive and generate free opportunities cash flow High performance culture Focus on Practice long-term operational partnerships with excellence Leverage global customers technological lea

  18. Slide 18: Focus on acoustics and thermal management

    Focus on acoustics and thermal management • Leverage on core competencies while phasing out trunk and trim business • Develop more innovations for light-weight solutions • Execute additional pre-development studies to optimize full-vehicle acoustic and thermal management performance • Foster deploym

  19. Slide 19: Grow profitably

    Grow profitably • Continue strong focus on performance improvement programs - Analyze capacities adaptation in Europe - Streamline overhead structures - Live business model of an automotive supplier based on continuous improvement and cost savings • Grow in Asia and other BRICS markets - Setup JVs i

  20. Slide 20: Focus on long-term partnerships with global customers

    Focus on long-term partnerships with global customers Autoneum parts in global platforms: Ford Kuga / Escape Honda Civic BMW 3-series • Europe • Europe • Europe • Russia • Turkey • South Africa • Asia • Asia • Asia • North America • North America • South America Investor Presentation . April 2013 20

  21. Slide 21: Leverage technological leadership

    Leverage technological leadership • Promote latest innovations: - Hybrid Acoustics - New needle punch carpet • Continue market penetration with: - Ultra Silent 20% - Theta-Fiber / Theta-FiberCell • Push migration from traditional concepts to lightweight solutions • Invest in vertical integration of

  22. Slide 22: Practice Operational Excellence

    Practice Operational Excellence • Leverage on group-wide best practice sharing • Roll-out standardized and efficient business processes • Start implementation of new, state-of-the-art ERP system • Further harmonize manufacturing processes through Autoneum Production System (APS) Investor Presentatio

  23. Slide 23: Pursue alliance opportunities

    Pursue alliance opportunities • Broaden decade-long partnership with Nittoku • Develop new alliance with Toyota Boshoku for system integrator approach • Profit from customer trend to consolidate supplier base Investor Presentation . April 2013 23

  24. Slide 24: Global automobile production 2012 vs. Forecast 2013 by region

    Global automobile production 2012 vs. Forecast 2013 by region 15.4 15.9 15.8 15.2 33.6 31.4 +2.9% -4.3% 9.5 9.8 North America Europe +3.7% Automobile production +7.1% Automobile production South America Automobile production Asia (without Japan) Automobile production Mio. vehicles Production forecas

  25. Slide 25: Outlook 2013

    Outlook 2013 • Growth of global automobile production is likely to weaken to just 1.4% • Autoneum assumes to exceed the market performance at stable exchange rates • Focus on consistent implementation of the strategy and on a further distinct improvement of the operating results • Main priorities in

  26. Slide 26: Conclusion

    Conclusion • Autoneum is the recognized market and technology leader in acoustics and thermal management to the global automotive industry • First successes in all six strategic priorities confirm: Autoneum is on track! • Considerable progress in sales and profitability achieved • Focus on further c

  27. Slide 27: Contacts and event calendar

    Contacts and event calendar Contact address Investors Autoneum Holding AG Urs Leinhäuser Schlosstalstrasse 43 / P.O. Box CFO and Deputy CEO CH-8406 Winterthur T +41 (0)52 244 82 82 www.autoneum.com [email protected] Important dates 2013 Annual General Meeting April 17, 2013 2013 Semi-Annual Resu

  28. Slide 28: Disclaimer

    Disclaimer Autoneum is making great efforts to include accurate and up-to-date information in this document, however we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoeve

Autoneum Holding — Investor Presentation (April 2013) on 6ix