Mikron Holding AG · SIX:MIKN
Mikron — Annual Media Conference 2006
30 slides from Mikron's conference presentation, Mar 30, 2006
Slide 1: Annual Media Conference Zurich, March 30, 2006
Annual Media Conference Zurich, March 30, 2006 Engineering Intelligence for Customer Productivity
Slide 2: Johann N. Schneider-Ammann, Chairman of the Board
Johann N. Schneider-Ammann Chairman of the Board of Directors Engineering Intelligence for Customer Productivity
Slide 3: Key objectives 2005
Key objectives 2005 Overall positive operating result No loss making division anymore Clarify future of components business Engineering Intelligence 3 | 30.03.2006 | Annual Media Conference for Customer Productivity
Slide 4: Portfolio Changes 2005
Portfolio Changes 2005 Production Equipment Simplification group business segment structure Components business segment -> sale December 21, 2005 Engineering Intelligence 4 | 30.03.2006 | Annual Media Conference for Customer Productivity
Slide 5: Key objectives 2005
Key objectives 2005 Overall positive operating result No loss making division anymore Clarify future of components business Engineering Intelligence 5 | 30.03.2006 | Annual Media Conference for Customer Productivity
Slide 6: Engineering Intelligence for Customer Productivity
«Engineering Intelligence for Customer Productivity» Engineering Intelligence 6 | 30.03.2006 | Annual Media Conference for Customer Productivity
Slide 7: Eduard Rikli, CEO Mikron Group
Eduard Rikli CEO Mikron Group Engineering Intelligence for Customer Productivity
Slide 8: Machining Technology division in the year 2005
Machining Technology division in the year 2005 121.1 119.8 114.2 113.9 Positive investment 93.4 climate in Europe; US in CHF million 84.1 market shows signs of modest recovery 40.8 44.4 Automotive: fuel and diesel 41.1 injection systems Writing instruments: market niche with potential Order in
Slide 9: Machining Technology division in the year 2005
Machining Technology division in the year 2005 Expansion of customer base Completely new machining system – Mikron NRG-50TM – launched at the EMO in Hanover Strong growth in cutting tool sales Expansion of service solutions Headcount was adjusted in response to higher volumes Order entry
Slide 10: Assembly Technology division in the year 2005
Assembly Technology division in the year 2005 105.5 98.6 93.8 94.6 93.9 Investment climate on a 81.6 par with the previous in CHF million year; USA showed slight 55.9 45.3 52.3 upturn, Europe remained unchanged Medical/Personal Care customers: self-medication devices Order intake Net sales Stock
Slide 11: Assembly Technology division in the year 2005
Assembly Technology division in the year 2005 Order entry satisfactory despite weak 2nd and 3rd quarter Large number of new customers acquired Execution of highly challenging customer projects Good success with Polyfeed Standalone, a flexible feeding system High capacity utilization throug
Slide 12: Plastics Technology division in the year 2005
Plastics Technology division in the year 2005 113.2 1) 122.5 119.4 1) 111.3 111.9 105.4 Substantial improvement in CHF million in profitability – small profit until end of November Stabilization of the major project in the medical sector Order intake Net sales 2003 2004 2005 Renewed focus on c
Slide 13: Seropa Technology in the year 2005
Seropa Technology in the year 2005 Order and sales volumes picked up significantly in CHF million Signs of upturn in Smart 20.1 Card business Projects related to medical 12.6 technology and writing 10.5 9.9 8.8 7.0 instruments Order intake Net sales High loss of the previous year substantial
Slide 14: Employees 2005
Employees 2005 (Total 983 as per December 31) Employees by country Employees by activity Engineering Intelligence 14 | 30.03.2006 | Annual Media Conference for Customer Productivity
Slide 15: Andreas Moser, CFO Mikron Group
Andreas Moser CFO Mikron Group Engineering Intelligence for Customer Productivity
Slide 16: Portfolio Changes 2005
Portfolio Changes 2005 Production Equipment Simplification group business segment structure Liquidation of: - MFI - MIN - MLJ Components - MDK business segment Liquidation through -> sale December Merger into MNA of: 21, 2005 - MSA - MAN Engineering Intelligence 16 | 30.03.2006 | Annual Media Confer
Slide 17: From 28 companies to 12 companies
From 28 companies to 12 companies 31.12.2004 31.12.2005 Engineering Intelligence 17 | 30.03.2006 | Annual Media Conference for Customer Productivity
Slide 18: Overview activities Mikron Technology Group
Overview activities Mikron Technology Group Continued operations Asset held for sale (net) Machining Technology Seropa Technology Caen/F Investment property Real estate Assembly Technology Ipsachstrasse Nidau/CH Engineering Intelligence 18 | 30.03.2006 | Annual Media Conference for Customer Producti
Slide 19: Volumes 2005 (in million CHF)
Volumes 2005 (in million CHF) Order intake Net sales Stock of orders 250 AT 219.7 218.4 214.9 207.8 MT 200 175.0 178.7 105.5 93.8 98.6 93.9 150 81.6 94.6 96.7 96.7 100 86.4 121.1 119.8 114.2 113.9 50 93.4 84.1 0 2003 2004 2005 2003 2004 2005 2003 2004 2005 - 2.2 % + 5.1 % +0% Engineering Intelligenc
Slide 20: Net sales 2005 (Total CHF 218.4 million)
Net sales 2005 (Total CHF 218.4 million) Sales by geographical market Sales by market segment Engineering Intelligence 20 | 30.03.2006 | Annual Media Conference for Customer Productivity
Slide 21: Results 2005 (in million CHF and in % of Net sales)
Results 2005 (in million CHF and in % of Net sales) EBITDA EBIT 20 10 17.5 7.6 18 8% 8 3% 14.4 16 7% 6 3.8 14 2% 4 12 2 -5.9 10 -3% 6.6 0 8 4% -2 6 4 -4 2 -6 0 -8 2003 2004 2005 2003 2004 2005 Engineering Intelligence 21 | 30.03.2006 | Annual Media Conference for Customer Productivity
Slide 22: Net earnings 2005 (in million CHF)
Net earnings 2005 (in million CHF) 20 +3.9 15 +1.6 10 5 7.6 0 -5 -10 -15 -20 -24.6 -25 -30 -37.7 -35 -40 EBIT Finance Taxes Discontinued Net Earnings Engineering Intelligence 22 | 30.03.2006 | Annual Media Conference for Customer Productivity
Slide 23: Balance sheet 2005 (in million CHF)
Balance sheet 2005 (in million CHF) 500 450 400 350 340.3 +4.4 300 -54.1 290.7 250 200 150 194.8 100 67% 50 0 Assets 2004 Sale PT Change Assets 2005 Equity current and non-current assets Engineering Intelligence 23 | 30.03.2006 | Annual Media Conference for Customer Productivity
Slide 24: Cash flow statement 2005 (in million CHF)
Cash flow statement 2005 (in million CHF) 65 57.1 54.9 55 45 35 31.2 1) 25.5 25 2004 2005 15 12.4 5 0.5 -5 -2.7 1) -6.7 -15 CF op. Inv. Net Divest FCF 1) excluding changes in current financial assets Engineering Intelligence 24 | 30.03.2006 | Annual Media Conference for Customer Productivity
Slide 25: Eduard Rikli, CEO Mikron Group
Eduard Rikli CEO Mikron Group Engineering Intelligence for Customer Productivity
Slide 26: Summary
Summary Operational improvement in all activities achieved good volumes EBIT improved Important progress in innovation leap forward demonstrated at EMO 2005 ongoing success with newly launched tools positive inroads of flexible assembly concepts Assessment EBIT level not sufficient
Slide 27: Expected market development
Expected market development Key market Automotive continuing development of new engine technology towards fuel saving and emission control significant development of common rail diesel engines, partially replacing unit injection technology gasoline direct injection gaining ground Key marke
Slide 28: Outlook 2006
Outlook 2006 Machining Technology Stronger EBIT expected First customer projects with newly developed product Assembly Technology EBIT on solid level expected Stronger impact of more flexible assembly concepts Overall Improved operating result for all activities Engineering Intellige
Slide 29: Johann N. Schneider-Ammann, Chairman of the Board
Johann N. Schneider-Ammann Chairman of the Board of Directors Engineering Intelligence for Customer Productivity
Slide 30: Annual Media Conference Zurich, March 30, 2006
Annual Media Conference Zurich, March 30, 2006 Engineering Intelligence for Customer Productivity