Durr Ag · XETR:DUE
Durr — Dürr Aktiengesellschaft — Shareholder Meeting (May 2017)
23 slides from Durr's shareholder meeting presentation, May 5, 2017
Slide 1: AGM 2017
AGM 2017 Dürr Aktiengesellschaft Ralf W. Dieter, CEO Bietigheim-Bissingen, 05/05/2017 www.durr.com
Slide 2: Technological Change: New Opportunities
TECHNOLOGICAL CHANGE: NEW OPPORTUNITIES Machines, systems, services Digitization offers additional benefit Sales Capex in new production technology (e.g. for e-cars) Customers Reliable and innovative partners required © Dürr Aktiengesellschaft, AGM 2017, 05/052017 2
Slide 3: Order Intake at Record Level
ORDER INTAKE AT RECORD LEVEL € million SALES ORDER INTAKE 4,000 3,000 2,000 1,000 © Dürr Aktiengesellschaft, CCI, Hauptversammlung 2016, 3 2010 2011 2012 2013 2014 2015 2016 © Dürr Aktiengesellschaft, AGM 2017, 05/052017 3
Slide 4: New Earnings High
NEW EARNINGS HIGH EBIT € million 267.8 271.4 220.9 203.0 176.9 106.5 36.6 2010 2011 2012 2013 2014 2015 2016 © Dürr Aktiengesellschaft, AGM 2017, 05/052017 4
Slide 5: HOMAG: Positive Development
HOMAG: POSITIVE DEVELOPMENT Operating EBIT margin improved from 4.0 to 6.6 % FOCUS optimization program succesful 2016: +10 % order intake, +4 % sales © Dürr Aktiengesellschaft, AGM 2017, 05/052017 5
Slide 6: Solid Balance Sheet
SOLID BALANCE SHEET € 117 million equity increase (+16 %) 2014 2015 2016 Equity (€ m) 725.8 714.4 831.0 Equity ratio (%) 24.4 23.9 24.8 Operating cashflow (€ m) 291.3 173.0 227.4 Cash & cash equivalents (€ m) 522.0 435.6 724.2 Net financial status (€ m) 167.8 129.4 176.5 © Dürr Aktiengesellschaft, A
Slide 7: Many Thanks to Our Staff!
MANY THANKS TO OUR STAFF! Approx. 15.000 employees Worldwide employee survey 2016 Commitment Team spirit Job satisfaction Proud of working for Dürr © Dürr Aktiengesellschaft, AGM 2017, 05/052017 7
Slide 8: Performance Dürr Share 2016: +6.3%
PERFORMANCE DÜRR SHARE 2016: +6.3 % © Dürr Aktiengesellschaft, AGM 2017, 05/052017 8
Slide 9: Dividend Proposal: €2.10 per Share
DIVIDEND PROPOSAL: € 2.10 PER SHARE Record dividend (€ 72.7 million), seventh consecutive increase +13.5 % € 2.10 € 1.85 € 1.65 € 1.45 € 1.13 € 0.60 € 0.15 € 0.00 2009 2010 2011 2012 2013 2014 2015 2016 © Dürr Aktiengesellschaft, AGM 2017, 05/052017 9
Slide 10: E-Mobility: Opportunity for Dürr
E-MOBILITY: OPPORTUNITY FOR DÜRR New car producers Larger customer base Revamping of car plants Demand in modernization business Automation of final vehicle assembly Technological edge © Dürr Aktiengesellschaft, AGM 2017, 05/052017 10
Slide 11: Automotive Industry Is a Growth Market
AUTOMOTIVE INDUSTRY IS A GROWTH MARKET Global light vehicle production (million units) 150 Ø +3.3 % p.a. 120 108.6 92.7 90 60 30 0 2016 2021e © Dürr Aktiengesellschaft, AGM 2017, 05/052017 11
Slide 12: "Dürr 2020" Strategy
„DÜRR 2020“ STRATEGY © Dürr Aktiengesellschaft, AGM 2017, 05/052017 12
Slide 13: Innovation: R&D Expense at Record High
INNOVATION: R&D EXPENSE AT RECORD HIGH 2016: Above € 100 million for the first time, focus on digital@DÜRR € million 105.9 Mio. € 97.1 55.4 37.2 43.0 29.5 2011 2012 2013 2014 2015 2016 © Dürr Aktiengesellschaft, AGM 2017, 05/052017 13
Slide 14: IoT-Platform for Smart Factories
IOT-PLATFORM FOR SMART FACTORIES Jointly developed by Dürr and iTAC Shop floor competence IT competence Know how: procduction processes Know-how: industry IT iTAC Equipment of complete factories Modern software architecture Flexible integration in existing plants Cloud connection Big data © Dürr Akt
Slide 15: Digitally Networked Furniture Production
DIGITALLY NETWORKED FURNITURE PRODUCTION Integrated software platform covering all process steps Configuration/ Production Packaging/logistics order registration © Dürr Aktiengesellschaft, AGM 2017, 05/052017 15
Slide 16: New Painting Robot
NEW PAINTING ROBOT Smart mover with 7 rotating axes © Dürr Aktiengesellschaft, AGM 2017, 05/052017 16
Slide 17: Service: 11% Growth in 2016
SERVICE: 11 % GROWTH IN 2016 Service sales of just under € 1 billion Smart services e.g. data analytics, predictive maintenance High plant availability Customer satisfaction CustomerExcellence@Dürr Optimization program for service growth © Dürr Aktiengesellschaft, AGM 2017, 05/052017 17
Slide 18: Efficiency: Digital Processes
EFFICIENCY: DIGITAL PROCESSES For example Sales managament Tracking customer satisfaction 3D visualization of plants Virtual commissioning Knowledge management Collaborative order execution Online diagnostics Plant documentation © Dürr Aktiengesellschaft, AGM 2017, 05/052017 18
Slide 19: Globalization: New Facilities in China + USA
GLOBALIZATION: NEW FACILITIES IN CHINA + USA More than € 140 million spent on international facility network since 2012 Southfield, USA Shanghai Qingpu, China © Dürr Aktiengesellschaft, AGM 2017, 05/052017 19
Slide 20: Global Market Opportunities
GLOBAL MARKET OPPORTUNITIES 2016 order intake by regions (vs. 2015) Europe North / Central America € 1,711 milion € 1,045 million 28 % (+16 %) (+45 %) 46 % 17 % China 9% € 618 million (-35 %) Others € 27 million (+13 %) © Dürr Aktiengesellschaft, AGM 2017, 05/052017 20
Slide 21: Portfolio / Acquisitions
PORTFOLIO / ACQUISITIONS Dürr Ecoclean Group sold to SBS Group (China) Industrial cleaning technology (approx. € 200 million sales, 7 % EBIT margin) Sold as of 03/31/2017 More than € 100 million proceeds, approx. € 23 million book gain Acquisition strategy Positive experiences with HOMAG F
Slide 22: Outlook 2017
OUTLOOK 2017 Business volume approx. at last year´s level despite Ecoclean sale Further world market growth expected in 2017 Automotive production: approx. 3 % Woodworking machinery: approx. 3 % Dürr targets for 2017 Order intake: € 3.3 to 3.7 billion Sales: € 3.4 to 3.6 billion EBIT margi
Slide 23: AGM 2017
AGM 2017 Dürr Aktiengesellschaft Ralf W. Dieter, CEO Bietigheim-Bissingen, 05/05/2017 www.durr.com
Dürr Aktiengesellschaft — Shareholder Meeting (May 2017) on 6ix