Renishaw Plc · LSE:RSW
Renishaw — Investor Day (May 2017)
26 slides from Renishaw's investor day presentation, May 11, 2017
Slide 1: Welcome to Renishaw
Welcome to Renishaw Investor Day 11th May 2017
Slide 2: Housekeeping
Housekeeping • Health and Safety • Mobile phones • Q&A sessions – mics etc – folding tables • Lunch and tour/demonstration arrangements • Bristol Parkway coach – outside front entrance at 15.45 prompt
Slide 3: Agenda
Agenda 10.15 Welcome/Trading update Sir David McMurtry 10.20 Strategy overview Will Lee 10.50 Motion control Steve Oakes, Janez Novak 11.35 Q&A Renishaw Board 12.05 Lunch 12.50 Industrial Metrology Paul Maxted 13.20 Product demonstrations 15.15 Q&A Renishaw Board 15.45 Close
Slide 4: Welcome & trading update
Welcome & trading update Sir David McMurtry Chairman and Chief Executive Renishaw plc
Slide 5: Trading update – for the 9 months to 31st March 2017
Trading update – for the 9 months to 31st March 2017 • Cumulative revenue for the first nine months was £382.2m which was 24% up on the previous year’s figure of £308.1m • There was underlying growth of 13.5% with a 10.5% benefit from currency • We achieved cumulative profit before tax of £69.3m whi
Slide 6: Strategy overview
Strategy overview Will Lee Group Sales and Marketing Director Renishaw plc
Slide 7: Our expertise
Our expertise CMM probes, Machine tool Automated Machine Additive Position encoders software and probes and gauging calibration and manufacturing retrofits software systems optimisation Styli for probes Metrology Spatial laser Neurological Medical device & Raman fixtures measurement products & thera
Slide 8: What underpins our strategy?
What underpins our strategy? “Renishaw fundamentally believes that success comes from patented and innovative products and processes, high quality manufacturing, and the ability to provide local customer support in all its markets around the globe.” Sir David McMurtry Chairman & Chief Executive, Ren
Slide 9: Products strategy
Products strategy • Market demands are creating the need for our next generation products. • Increasing complexity and closer tolerances – Increase capability – Improve measurement performance • Need to reduce costs – Increase speed of operation • Address global skills shortages – Easier to use solu
Slide 10: New products: Increased capability / Measurement performance
New products Increased capability / Measurement performance REVO-2 • Improved version of the REVO multi-sensor 5-axis measuring head for CMMs • Increased movement range and multi-sensor capability SFP2 surface finish probe • Surface finish measurement system for REVO-2 • Significant time savings for
Slide 11: New products: Ease of use
New products Ease of use MODUS 2™ • Metrology software that supports Renishaw's 3 and 5-axis CMM sensor technologies, and now our Equator gauging systems • Interface is simple to learn and faster to program, resulting in improved operational productivity Demo today
Slide 12: New products: Increased capability / Measurement performance
New products Increased capability / Measurement performance Intelligent Process Control (IPC) software for Equator gauge • Allows Equator to be fully integrated into manufacturing processes, either connected to one or multiple machine tools, or within automated manufacturing cells • IPC software pro
Slide 13: New products: Ease of use
New products Ease of use Set and Inspect • Simple to use on- machine app that automatically generates code for probing • Complements new range of touchscreen CNC controllers from major machine tool builders • No user training or documentation required Demo today
Slide 14: New products: Increased capability / Measurement performance
New products Increased capability / Measurement performance XM-60 multi-axis calibrator • Measures all of a machine’s six degrees of freedom along a linear axis in a single set-up • Significantly simpler and faster to use than other laser measurement techniques Demo today New CARTO 2.0 calibration s
Slide 15: New products: Ease of use / measurement accuracy
New products Ease of use / measurement accuracy Demo VIONiC™ / VIONiCplus™ • Highly compact, ultra-high accuracy ‘all-in-one’ today family of position encoders • Combines interpolation and digital signal processing inside the readhead to eliminate the requirement for additional external interfaces D
Slide 16: New products
New products Ease of use / speed RA802 Pharmaceutical Analyser • Compact benchtop Raman imaging system for the pharmaceutical industry • Formulate tablets more efficiently by speeding up the analysis of tablet composition and structure. • Uses LiveTrack™ focus-tracking technology allowing the analys
Slide 17: What underpins our strategy?
What underpins our strategy? “Renishaw fundamentally believes that success comes from patented and innovative products and processes, high quality manufacturing, and the ability to provide local customer support in all its markets around the globe.” Sir David McMurtry Chairman & Chief Executive, Ren
Slide 18: Our culture: global reach
Our culture: global reach • Renishaw ‘Born Global’ with exports from first year • John Deer established many initial subsidiaries with Allen Roberts • Early identification of the need to be close to OEM customers & their customers: – support our products wherever customer machines end up – direct pr
Slide 19: Our culture: global reach – China
Our culture: global reach Always invest ahead of sales e.g. China Renishaw (Hong Kong) Ltd • 1993, established subsidiary in HK • 1994, Representative office in Beijing (sales in China c.£0.25m) • To Date, Now 12 offices China sales in FY 2015/2016 were £107.6m (25% of total Group sales) China HQ (S
Slide 20: Our culture: global reach
Our culture: global reach • The role of our Subsidiaries is changing; more end- user focused: – Advanced technology requires direct involvement – Supplying systems rather than accessories – Adding value as technical partners • More applications engineers required – Renishaw Academy is a global resou
Slide 21: Integration of Renishaw technology
Integration of Renishaw technology High productivity machining cell concept The cell demonstrates how complementary Renishaw technologies can contribute, throughout the manufacturing process of a CNC machined part, to achieving high levels of productivity and manufacturing capability Demo today
Slide 22: Our culture: global reach – changing role of subsidiaries, USA
Our culture: global reach The changing role of subsidiaries e.g. USA – new 133,000 sq ft build, West Dundee, Illinois - 1st office Arlington Heights, Illinois
Slide 23: Our culture: global reach – changing role of subsidiaries
Our culture: global reach The changing role of subsidiaries Renishaw Ibérica, S.A.U – new facility Renishaw (Taiwan) Inc – new office New Additive Manufacturing Solutions Centres – India in Gavà, near Barcelona in Taichung (top) and Canada
Slide 24: What underpins our strategy?
What underpins our strategy? “Renishaw fundamentally believes that success comes from patented and innovative products and processes, high quality manufacturing, and the ability to provide local customer support in all its markets around the globe.” Sir David McMurtry Chairman & Chief Executive, Ren
Slide 25: Our culture: people
Our culture: people Drive for innovation ingrained in experienced and new hires: September 2009 1,850 employees JobCrowd – Top graduate employers Today 4,400 employees (+2,550) in Manufacturing & Engineering sector (2016)
Slide 26: Our culture: people
Our culture: people A holistic view of talent nurturing and development - from primary schools to apprenticeship & graduate schemes, and in-house Academy Educate – Miskin FDC Engage Educate Inspire Attract Develop Attract - Work experience Inspire – BLOODHOUND Day