Sit S.p.a. · MIL:SIT
Sit — Investor Presentation (July 2018)
23 slides from Sit's investor presentation, July 2018
Slide 1: Company Presentation
COMPANY PRESENTATION
Slide 2: Mission
MISSION SIT develops and manufactures measuring devices and systems for the safety, comfort and performance of domestic gas equipment
Slide 3: 1953: SIT La Precisa established in Padova
1953: Pierluigi and Giancarlo de’ Stefani establish SIT La Precisa, a company operating in precision mechanics, in Padova (Italy) Today more than 2100 people work for SIT – distributed in productions plants, subsidiaries, sales offices and agencies all over the world. This highly international workf
Slide 4: Activity and History
ACTIVITY AND HISTORY 1953: Founded by Pierluigi and Giancarlo de’ Stefani 2009 – 2016: start up in the Smart Gas Metering sector 1964 – 1997: international expansion • 2009, establishment of MeteRSit aimed at • 1964, the first mechanical gas control is exported to entering the Smart Gas Metering sec
Slide 5: Organization
ORGANIZATION SIT is organised into two Divisions SIT Heating components and systems for the control, Smart Gas Metering regulation and safety of gas appliances for remotely controlled static gas meters domestic heating, cooking, catering and large measuring directly the standard volume in cubic appl
Slide 6: Markets
MARKETS Heating Smart Gas Metering Mechanical Integrated Electronic Hood Flue Exhaust Controls Systems Sensors Controls Fans Extractors Systems Gas meters DOMESTIC APPLIANCES PROFESSIONAL COOKING AND Smart Grids CATERING Boilers Water Instantaneous Fireplaces Space Pellet Commercial ovens heaters Wa
Slide 7: Central Heating: Boilers Combining Heating and Domestic Hot Water
CENTRAL HEATING: BOILERS COMBINING HEATING AND DOMESTIC HOT WATER SIT is the world’s top name in the production of multifunctional, regulating, safety gas valves. SIT is the main European player for the non captive electronic controls market Innovative solutions Air management for sub-assembled tech
Slide 8: Direct Heating: Fireplaces and Stoves (gas & pellet)
DIRECT HEATING: FIREPLACES AND STOVES (gas & pellet) • SIT provides mechanical controls (gas valves and sensors), electronic controls (main boards, remote controls and user interfaces) and fans for gas fireplaces, stoves and space heaters • Main markets are North America, UK and Europe
Slide 9: Storage Water Heating: for Domestic Water Heating
STORAGE WATER HEATING: FOR DOMESTIC WATER HEATING SIT provides mechanical controls and pilots • Markets include North America, Argentina and Australia • New efficiency standards provide opportunities to increase technological content and differentiation of offering
Slide 10: Professional Cooking and Catering Appliances
PROFESSIONAL COOKING AND CATERING APPLIANCES • SIT provides mechanical controls and fans for (i) collective and community cooking appliances and (ii) high end cooker hoods • Main markets are Europe and USA • SIT is market leader in Europe
Slide 11: Smart Gas Metering
SMART GAS METERING Mainly driven by regulation and smart technology • European directive on smart gas metering (EU 2009/73) • Italy: early adopter with directive ARG/gas155/08 issued by the national Authority (AEEG) • European installed base over 120 million pcs • Innovative thermo-flow sensor techn
Slide 12: Emerging and Complementary Technologies
EMERGING AND COMPLEMENTARY TECHNOLOGIES Unità di recupero calore Heat recovery units Interfacce utente avanzate Advanced user interfaces Connettività Pompe di calore Connectivity Heat pumps µCHP motori Stirling / celle a combustibile µCHP Stirling motors / fuel cells Stufe a pellet Pellet stoves Cal
Slide 13: SIT Market Position
SIT MARKET POSITION Controls for boilers world market leader Controls for thermostatic space heaters world market leader Controls for fireplaces world market leader ODS (Oxygen Depletion Systems) world market leader Controls for catering appliances n° 2 in the world Controls for storage water heater
Slide 14: World-wide Presence
WORLD-WIDE PRESENCE Arnsoerg, GERMANY @ ENGLAND Ml Toronta. CANADA @ Milan ITALY @ & Seoul KOREA 6 @ tall Suzhou CHINA Los Angeles CALIFORNIA @ Rovigo, ITALY dé I istanbul, Monterrey, MEXICO @ aad) iano. ITALY @ al A tél Brasov, ROMANIA Nashville, TENNESSEE @ Il Salonicco, GREECE Charlotte, NORTH CA
Slide 15: Plants
PLANTS All plants are certified according to ISO Padova (Italy): Mechanical Controls 9001:2015 Quality System Brasov (Romania): Mechanical Controls, Integrated Systems, Gas Meters Rovigo, Brasov and Monterrey are also certified according to ISO 14001:2015 Environmental Management System Hoogeveen (T
Slide 16: Key Indicators
KEY INDICATORS 70% of turnover outside Italy* Turnover by geographical areas: Employees by geographical areas: 324 M€ 2.123 Europe Europe Rest of the extra Italy extra Italy World 41 % 28 % 42 % 16 % Rest of the World Italy Italy 43 % 30 % * 2017
Slide 17: SIT Numbers - 2017
SIT NUMBERS - 2017 324 million € turnover* 17,3 million € investments 4 locations of R&D 8 production factories 23 commercial offices 2.123 employees 79.500 square meters of facilities 25 million products made each year 9,7 million € in R&D 69 countries served commercially 83 patents filed * 2013-20
Slide 18: Heating Division – Main customers in Western Europe
HEATING DIVISION – Main customers in Western Europe Italy UK France Germany The Netherlands Italia Regno Unito Algeria Belgium Spain
Slide 19: Heating Division – Main customers in Eastern Europe
HEATING DIVISION – Main customers in Eastern Europe Czech/Slovak Rep., Ukraine Russia Poland Turkey Hungary
Slide 20: Heating Division – Main customers in USA and Canada
HEATING DIVISION – Main customers in USA and Canada U.S.A. Canada
Slide 21: Heating Division – Main customers in Mexico and South America
HEATING DIVISION – Main customers in Mexico and South America Mexico South America
Slide 22: Heating Division – Main customers in Asia and Australia
HEATING DIVISION – Main customers in Asia and Australia China Australia Japan Korea
Slide 23: Metering Division – Main customers
METERING DIVISION– Main customers Italy