Annual Media Conference2012 financial yearYves Serra, CEO26 February 2013
Georg Fischer CorporationHighlights 2012: Resilient thanks to global footprint 3% top line growth to CHF 3.6 billion Ope...
Georg Fischer CorporationFurther steps towards a more balanced portfolioAnnual Media Conference / 2012 financial year32011...
Georg Fischer CorporationShare of Asia / America significantly increasedAnnual Media Conference / 2012 financial year4Corp...
Georg Fischer CorporationTwo divisions with a well-balanced presenceAnnual Media Conference / 2012 financial year5GF Pipin...
GF Piping SystemsGrowth with acquisitions and new markets Sales at CHF 1.3 billion (+11%), EBIT reaches CHF 130 million...
GF Piping SystemsPresence in North America significantly strengthenedHarvel Plastics:No.1 in industrial pipes in the USPla...
GF Piping SystemsPromising new market segments developedAnnual Media Conference / 2012 financial year8Water supply for min...
GF AutomotiveEurope subdued, Asia’s importance grows Sales at CHF 1.46 billion, -5% to 2011 EBIT reaches CHF 54 million ...
GF AutomotiveProductivity boost through automation in EuropeAnnual Media Conference / 2012 financial year10New iron castin...
GF AutomotiveFurther expansion in China under wayAnnual Media Conference / 2012 financial year11Iron foundry Kunshan (CN)
GF AgieCharmillesPerformance further enhanced Sales up 5% to CHF 842 million EBIT up 22% to CHF 45 million Customer pro...
GF AgieCharmillesCustomer proximity drives growth in AsiaAnnual Media Conference / 2012 financial year13Top 10Machine tool...
20082012GF AgieCharmillesFocus on less cyclical market segments pays offAnnual Media Conference / 2012 financial year14*IC...
Consolidated financialstatements andfinancingRoland Abt, CFO15 Annual Media Conference / 2012 financial year
Georg Fischer CorporationIncome statementAnnual Media Conference / 2012 financial year162012 2011Sales 3 602 3 511 3 %Gros...
Georg Fischer CorporationSales by divisionsAnnual Media Conference / 2012 financial year17Growth ∆ %2012 2011 in CHF in LC...
Georg Fischer CorporationEBIT and ROS by divisionsAnnual Media Conference / 2012 financial year18ROS %2012 2011 in CHF in ...
Georg Fischer CorporationAll divisions generate valueAnnual Media Conference / 2012 financial year1902468101214Corporation...
Georg Fischer CorporationFree cash flowAnnual Media Conference / 2012 financial year202012 2011EBITDA 350 370Changes in ne...
Georg Fischer CorporationNet debt and free cash flowAnnual Media Conference / 2012 financial year21546472321294334-1979415...
Georg Fischer CorporationKey figuresAnnual Media Conference / 2012 financial year222012 2011Sales in % 3 6Sales in % (orga...
OutlookYves Serra, CEOAnnual Media Conference / 2012 financial year23
Georg Fischer CorporationShift towards a better balanced portfolioAnnual Media Conference / 2012 financial year24CHF 3.6 b...
Georg Fischer CorporationMid-term profitability objectives confirmedAnnual Media Conference / 2012 financial year25GF Pipi...
Well positionedto profit fromrelevant trendsAnnual Media Conference / 2012 financial year26
GF Piping SystemsWater demand growth worldwideAnnual Media Conference / 2012 financial year27Capitalize on worldwide footp...
GF AutomotiveReduction of CO2 emissionsAnnual Media Conference / 2012 financial year28951301362020target2012target2011actu...
GF AgieCharmillesNew applications driven by precision needsAnnual Media Conference / 2012 financial year29Leverage leading...
DisclaimerThis document is for presentation purposes only and should not beconstrued as an offer, invitation or solicitati...
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Gf bmk2013 en_final

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Gf bmk2013 en_final

  1. 1. Annual Media Conference2012 financial yearYves Serra, CEO26 February 2013
  2. 2. Georg Fischer CorporationHighlights 2012: Resilient thanks to global footprint 3% top line growth to CHF 3.6 billion Operating result reaches CHF 221 million Proposed dividend unchanged at CHF 15 per share GF Piping Systems grew with acquisitions and new markets GF Automotive: Europe subdued, Asia’s importance grows GF AgieCharmilles: Performance further enhancedAnnual Media Conference / 2012 financial year2
  3. 3. Georg Fischer CorporationFurther steps towards a more balanced portfolioAnnual Media Conference / 2012 financial year32011 2012GF Piping Systems GF Piping SystemsGF AgieCharmilles GF AgieCharmillesGF Automotive GF Automotive32%46%22%36%23%41%
  4. 4. Georg Fischer CorporationShare of Asia / America significantly increasedAnnual Media Conference / 2012 financial year4Corporate Sales 2012 (2011)Rest of the worldAsiaEuropeAmericas59%(65%)14%(10%)21%(19%)6%(6%)
  5. 5. Georg Fischer CorporationTwo divisions with a well-balanced presenceAnnual Media Conference / 2012 financial year5GF Piping Systems GF AutomotiveGF AgieCharmilles41%(48%)30%(30%) 23%(16%)6%(6%)9%(8%)44%(47%)30%(27%) 17%(18%)89%(92%)11%(8%)
  6. 6. GF Piping SystemsGrowth with acquisitions and new markets Sales at CHF 1.3 billion (+11%), EBIT reaches CHF 130 million Acquisitions boost America’s sales(+ CHF 97 million) Slowdown in Europe, double-digit growth in Asia Promising new market segments developedAnnual Media Conference / 2012 financial year6
  7. 7. GF Piping SystemsPresence in North America significantly strengthenedHarvel Plastics:No.1 in industrial pipes in the USPlants in Pennsylvania and CaliforniaAnnual sales over USD 80 millionIPP:No.1 in large water infrastructurepiping systemsPlants in Texas and South CarolinaAnnual sales over USD 50 millionAnnual Media Conference / 2012 financial year72m diameter pipe extrusionhead from IPP
  8. 8. GF Piping SystemsPromising new market segments developedAnnual Media Conference / 2012 financial year8Water supply for mines /Seam gas extractionHygiene solutions for hospitalsand public buildings
  9. 9. GF AutomotiveEurope subdued, Asia’s importance grows Sales at CHF 1.46 billion, -5% to 2011 EBIT reaches CHF 54 million for a 3.7% ROS Europe: - Premium car market stable- Clear slowdown in trucksand compact cars High growth in China Non-core activities divested(aluminum sand-casting)Annual Media Conference / 2012 financial year9New best sellingbionic wheel carrier
  10. 10. GF AutomotiveProductivity boost through automation in EuropeAnnual Media Conference / 2012 financial year10New iron castings moulding line in Mettmann (D)
  11. 11. GF AutomotiveFurther expansion in China under wayAnnual Media Conference / 2012 financial year11Iron foundry Kunshan (CN)
  12. 12. GF AgieCharmillesPerformance further enhanced Sales up 5% to CHF 842 million EBIT up 22% to CHF 45 million Customer proximity drives growth in Asia European sales quite resilient Focus on less cyclical segments pays offAnnual Media Conference / 2012 financial year12Major order in Chinafor mobile devices
  13. 13. GF AgieCharmillesCustomer proximity drives growth in AsiaAnnual Media Conference / 2012 financial year13Top 10Machine tool consuming countriesSales Plant TechPoint (new) Center ofCompetenceTaipeiHong KongShenzhenYokohamaBangaloreGF AgieCharmilles presence in AsiaSource: Gardner Report
  14. 14. 20082012GF AgieCharmillesFocus on less cyclical market segments pays offAnnual Media Conference / 2012 financial year14*ICT= Information and Communication TechnologyCyclicityHigh Low
  15. 15. Consolidated financialstatements andfinancingRoland Abt, CFO15 Annual Media Conference / 2012 financial year
  16. 16. Georg Fischer CorporationIncome statementAnnual Media Conference / 2012 financial year162012 2011Sales 3 602 3 511 3 %Gross value added 1 233 1 217 1 %Personnel expenses -883 -853 4 %EBITDA 350 364 -4 %Depreciation, amortization -129 -131 -2 %EBIT 221 233 -5 %Financial result -34 -30 13 %Result of investment properties 1 1 -Share of results of associates 1 - -Income taxes -34 -36 -6 %Net profit from continued operations 155 168 -8 %Loss from discontinued operations -28 0 -Net profit 127 168 -24 %thereof own interests 121 160 -24 %thereof non-controlling interests 6 8 -25 %million CHF
  17. 17. Georg Fischer CorporationSales by divisionsAnnual Media Conference / 2012 financial year17Growth ∆ %2012 2011 in CHF in LC1)GF Piping Systems 1 299 1 174 10.6 % 0.6 %GF Automotive 1 461 1 537 -4.9 % -3.7 %GF AgieCharmilles 842 800 5.3 % 3.6 %Corporation 3 602 3 511 2.6 % -0.6 %million CHF1) Adjusted for changes in scope of consolidation and stated at previous year’s foreign exchange rates.
  18. 18. Georg Fischer CorporationEBIT and ROS by divisionsAnnual Media Conference / 2012 financial year18ROS %2012 2011 in CHF in LC1)GF Piping Systems 130 137 10.0 % 10.3 %GF Automotive 54 69 3.7 % 3.5 %GF AgieCharmilles 45 37 5.3 % 5.0 %Corporation 221 233 6.1 % 5.9 %million CHF1) Adjusted for changes in scope of consolidation and stated at previous year’s foreign exchange rates.
  19. 19. Georg Fischer CorporationAll divisions generate valueAnnual Media Conference / 2012 financial year1902468101214Corporation12.1%GF AgieCharmilles13.4%GF Automotive10.3%GF Piping Systems13.9%ROICWACCWeighted average cost of capital (WACC) = 7.6%
  20. 20. Georg Fischer CorporationFree cash flowAnnual Media Conference / 2012 financial year202012 2011EBITDA 350 370Changes in net working capital -57 -77Income taxes / interest paid -66 -72Other changes 2 29Cash flow from operating activities 229 250Additions to property, plant and equipment -132 -147Cash flow from acquisitions / divestitures -79 0Other additions / disposals 1 0Cash flow from investing activities -210 -147Free cash flow 19 103million CHF
  21. 21. Georg Fischer CorporationNet debt and free cash flowAnnual Media Conference / 2012 financial year21546472321294334-1979415010319-200-10001002003004005006007002008 2009 2010 2011 2012Net debt Free cash flow FCF excl. acquisitionsmillion CHFNet debt / EBITDA1.4x 19.7x 0.8x1.0x 1.0x
  22. 22. Georg Fischer CorporationKey figuresAnnual Media Conference / 2012 financial year222012 2011Sales in % 3 6Sales in % (organic growth) -1 18Return on Sales (EBIT margin) in % 6.1 6.6Net profit / (loss) in % of sales 3.5 4.8Cash flow from operating activities in % of sales 6.4 7.1ROIC in % 12.1 13.4Return on Equity in % 10.1 14.3Equity ratio in % 44 42Economic Profit 69 82Earnings per share in CHF 30 39Earnings per share continued operations in CHF 37 39Dividend (proposed) per share in CHF 15 15Number of employees (incl. trainees) 13 412 13 153million CHF
  23. 23. OutlookYves Serra, CEOAnnual Media Conference / 2012 financial year23
  24. 24. Georg Fischer CorporationShift towards a better balanced portfolioAnnual Media Conference / 2012 financial year24CHF 3.6 billion CHF 4 ~ 4.5 billion2012 2015GF Piping Systems GF Piping SystemsGF AgieCharmilles GF AgieCharmillesGF Automotive GF Automotive36%41%23%40~45%20~25%35~40%
  25. 25. Georg Fischer CorporationMid-term profitability objectives confirmedAnnual Media Conference / 2012 financial year25GF Piping Systems GF Automotive GF AgieCharmilles GFROS 11~13% 5~7% 6~8% 8~9%ROIC 15~18% 13~15% 13~15% >15% Increase GF Piping Systems share of turnover to 40~45% Optimize GF Automotive productivity in Europe / Expand in China Focus GF AgieCharmilles on less cyclical segments
  26. 26. Well positionedto profit fromrelevant trendsAnnual Media Conference / 2012 financial year26
  27. 27. GF Piping SystemsWater demand growth worldwideAnnual Media Conference / 2012 financial year27Capitalize on worldwide footprint, further acquirein water infrastructureSource: Global Energy Network Institute
  28. 28. GF AutomotiveReduction of CO2 emissionsAnnual Media Conference / 2012 financial year28951301362020target2012target2011actualEU regulation on CO2 reduction(gCO2/km)Differentiate through weight reduction leadershipStrut dome
  29. 29. GF AgieCharmillesNew applications driven by precision needsAnnual Media Conference / 2012 financial year29Leverage leading EDM and high-speed milling expertise
  30. 30. DisclaimerThis document is for presentation purposes only and should not beconstrued as an offer, invitation or solicitation to subscribe for, purchaseor sell any investment. Neither it nor anything it contains shall form thebasis of any contract whatsoever.Opinions expressed herein reflect the current judgement of themanagement of Georg Fischer. The presentation contains forward-lookingstatements that involve risks and uncertainties. The actual results of GeorgFischer may differ materially from those anticipated in these forward-looking statements and forecasts as a result of a number of factors.The management of Georg Fischer does not accept any liabilitywhatsoever with respect to the use of this presentation.Annual Media Conference / 2012 financial year30

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