Mersen Sa · EURONEXT:MRN
Mersen Sa — Investor Day (September 2012)
16 slides from Mersen Sa's investor day presentation, September 2012
Slide 1: Driving Energy Efficiency with Power Electronics
DRIVING ENERGY EFFICIENCY with power electronics
Slide 2: Power electronics refers to the converting of electrical power
POWER ELECTRONICS REFERS TO THE “CONVERTING OF ELECTRICAL POWER” CONVERSION POWER GENERATION POWER CONSUMPTION AC / DC AC / DC Amperage Voltage Frequency BASIC FUNCTION: to convert electric energy as efficiently as possible CONVERSION: in a form that the most divergent applications and users require
Slide 3: Where power needs to be converted? Energy market
WHERE POWER NEEDS TO BE CONVERTED? ENERGY MARKET Generation Grid Consumption AC DC AC DC AC WIND SOLAR TRANSMISSION HVDC POWER FACTS ALTERNATIVE ENERGY Market drivers URBANIZATION GRID EFFICIENCY 22 Investor Day 2012
Slide 4: Where power needs to be converted? Industries/Commercial/IT
WHERE POWER NEEDS TO BE CONVERTED? INDUSTRIES/COMMERCIAL/IT Generation Grid Consumption AC DC AC DC AC SPEED DRIVE CENTER Data in DATA Data out DC battery UPS ELECTRO- CHEMICAL TELECOM SVC MEDICAL RADAR REDUCE TOTAL COST OF OWNERSHIP Market drivers ENERGY EFFICIENCY DATA STORAGE, CLOUD COMPUTING 23
Slide 5: Where power needs to be converted? Transportation
WHERE POWER NEEDS TO BE CONVERTED? TRANSPORTATION Generation Grid Consumption AC DC AC DC AC RAIL AERO DC battery VESSELS DC battery EV/HEV DC battery URBANIZATION & TRAFFIC CONGESTION REDUCE WEIGHT Market drivers MOBILITY NEEDS LESS CO2 24 Investor Day 2012
Slide 6: Mersen, in the heart of the inverter
MERSEN, IN THE HEART OF THE INVERTER Laminated busbar (low inductance / high current density) Semi-conductor Fuse Air Cooling Device Power transistor (IGBT) Mersen in semiconductor manufacturing process 25 Investor Day 2012
Slide 7: Growth sustained by technology gains & drivers
GROWTH SUSTAINED BY TECHNOLOGY GAINS & DRIVERS Higher efficiencies by systems energy savings (thermal management) Higher power density at systems levels (new material developments) Customized packaging of systems (integration of more components and functions) Systems embedding: modular integration,
Slide 8: Mersen: a unique positioning
MERSEN: A UNIQUE POSITIONING OEM Design Relationship A UNIQUE capabilities POSITIONING International KEY DIFFERENTIATORS Bundle offer presence 27 Investor Day 2012
Slide 9: Large OEMs require the expertise of high performance power electronics suppliers
LARGE OEMS REQUIRE THE EXPERTISE OF HIGH PERFORMANCE POWER ELECTRONICS SUPPLIERS TO KEEP UP WITH THE MARKET 28 Investor Day 2012
Slide 10: Efficient design capabilities
EFFICIENT DESIGN CAPABILITIES High power and low power Europe IEC testing 2 High Power test Labs High power and low power USA Surge testing UL approved for third party testing Thermal, Electrical Simulation means On-line access Local technology-dedicated design Worldwide Power Electronics center spe
Slide 11: An international presence aligned with the market
AN INTERNATIONAL PRESENCE ALIGNED WITH THE MARKET Start-off industrial operations for busbar & cooling Toronto St Bonnet Shanghai Rochester La Mure Bangalore Newburyport Angers Tokyo Juarez 30 Investor Day 2012
Slide 12: Mersen bundle offer, a key differentiator in the market
MERSEN BUNDLE OFFER, A KEY DIFFERENTIATOR IN THE MARKET SUPERIOR ABILITY TO TARGET THE MARKET At the right place : International presence Relationship with OEM Search for “hidden champions” At the right time With the right solution: Power Electronics Specification team Dedicated local design offices
Slide 13: Leveraging the Eldre acquisition: market
LEVERAGING THE ELDRE ACQUISITION MARKET New staged New entry point customers In development Where Mersen’s cooling process at existing devices & fuses not customers applicable or in tough competition New field of New technological geographical development development T (°C) – V Battery management As
Slide 14: Leveraging the Eldre acquisition: facts
LEVERAGING THE ELDRE ACQUISITION FACTS A fair acquisition price resulting from Mersen capability and culture to provide a strategic future to family-owned businesses A smooth integration with: Progressive change from a family driven culture to a multinational culture Local management reinforced and
Slide 15: Sustained strategic focus
SUSTAINED STRATEGIC FOCUS Reinforce leading position and remain in front position with current OEM customers Capitalize synergies on Eldre’s acquisition Broaden our bundle offer beyond semiconductor fuses, cooling and busbars Maintain business leadership to support OEM customers’ global f footprint,
Slide 16: Mersen's objective: outperform this significant, growing market
MERSEN’S OBJECTIVE: OUTPERFORM THIS SIGNIFICANT, GROWING MARKET Key Components for power inverters (fuses, cooling devices and laminated busbars) in €bn +6-7% CAGR 3.0 2.8 2.6 2.4 2.3 2.2 1.9 2009 2010 2011 2012 2013 2014 2015 * Source: Mersen and Yole (2011) – Excluding EV/HEV projections 35 Invest