Alfa Laval Ab · OMXSTO:ALFA
Alfa Laval Ab — Merger or Acquisition (April 2014)
11 slides from Alfa Laval Ab's merger presentation, Apr 7, 2014
Slide 1: Acquisition of Frank Mohn AS
07/04/2014 Acquisition of Frank Mohn AS “Alfa Laval acquires Frank Mohn AS, a leader in marine and offshore pumping systems, and strengthens its fluid handling portfolio” Lars Renström President and CEO Alfa Laval Group Thomas Thuresson CFO Alfa Laval Group © Alfa Laval 1
Slide 2: Summary of our news release: The acquisition
07/04/2014 Summary of our news release: The acquisition… Alfa Laval has signed an agreement to acquire the Norwegian company Frank Mohn AS from Wimoh AS, a company controlled by the Mohn family. Frank Mohn AS generated sales of NOK 3.4 billion and had order intake of NOK 6.1 billion in 2013 Operatin
Slide 3: The rationale
07/04/2014 High performance pumping systems Submerged cargo Cargo heater Cargo cooler Submerged ballast pump pump Marine pumping 50%* Water injection Cable free electric Hydraulic fire Electric fire Electric pumps submersible pumps water pumps water pumps submersible Offshore pumps pumping 23%* Emer
Slide 4: Excellent fit; Strengthens offering; Marine
07/04/2014 Excellent fit Sanitary Industrial Eqt. OEM Marine & Marine & Food Energy & Process Service Diesel Eqt. Offshore Sys. Environment Industry Alfa Laval Key Technologies Fluid Handling Alfa Laval further strengthens its offer in fluid handling! www.alfalaval.com Strengthens offering; Marine S
Slide 5: Strengthens offering; Offshore; Attractive structural growth drivers
07/04/2014 Strengthens offering; Offshore Water injection pump system Cable free electric submersible pumps Fire water pump system Cargo pumping system Submerged ballast pump Hydraulic power system Control system Oil skimmer Decanters Desalination Mixing equipment Ballast water treatment Separators
Slide 6: Favourable market trends; Business divisions split of sales
07/04/2014 Favourable market trends Global trends… …affecting shipping …generates needs! www.alfalaval.com Business divisions split of sales - Before and after Equipment Division Marine & Diesel Division Process Technology Division “Marine and “Process “Component” Diesel Industry” Solution” Driven D
Slide 7: Focus areas in Marine & Diesel; The role in Alfa Laval
07/04/2014 Focus areas in Marine & Diesel Distribution of sales 2013* Marine Offshore oil Environment & Diesel power Service and gas Energy, Marine World trade & Oil & gas demand Legislation and Electrical power World trade Driver fleet capacity and prices fuel cost needs Share 33% 40% 7% 10% 10% *)
Slide 8: Impact on Alfa Laval P&L; Funding of the acquisition
07/04/2014 Impact on Alfa Laval P&L - Before and after SEK million 2013 Actual Pro-forma* Orders received 30,335 36,845 Order backlog 14,568 20,477 Net invoicing 29,934 33,572 Significant increase in sales anticipated in 2014 based on Frank Mohn AS large order backlog *) Based on NOK/SEK of 1.06 www
Slide 9: Capital structure; Summary
07/04/2014 Capital structure - Before and after As per December 31, 2013 Actual Pro-forma Debt / EBITDA 0.48 2.5 Debt / Equity 0.16 1.0 www.alfalaval.com Summary: Acquires Frank Mohn AS, a leader in marine and offshore pumping systems. Extends our current fluid handling portfolio with systems that a
Slide 10: Core business model, Marine
07/04/2014 www.alfalaval.com Core business model, Marine Hydraulically driven sub-merged cargo pumps provide safe and flexible handling of any type of liquid cargo Improved cargo handling performance gives quicker turnaround time and fewer voyages in ballast Systems include pumps, hydraulic power un
Slide 11: Cautionary statement
07/04/2014 Cautionary statement This presentation contains forward-looking statements that are based on the current expectations of the management of Alfa Laval Group. Although management believes that the expectations reflected in such forward- looking statements are based on reasonable assumptions