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ASSA ABLOY is the global leader
in door opening solutions, dedicated
to satisfying end-user needs for
security, safety and convenience
1
2
ASSA ABLOY in brief 2013
 Own operations in more than 70 countries
 Authorized distribution covering the world
 About 43,000 employees
 Sales of over SEK 48 billion
ASSA ABLOY timeline
1994 – 2013
3
3 000
4 000
5 000
6 000
7 000
8 000
9 000
600
800
1 000
1 200
1 400
1 600
1 800
2 000
2 200
2 400
Quarter Rolling 12 months
Operating income* (EBIT)
Quarter, SEK M 12 months, SEK M
*Excluding restructuring costs 2006, 2008, 2009, 2011 and 2013.
Run rate 7,923 MSEK (7,501), +6%
5
We have built
a world leader
 A clear and well
adopted strategy
 Trend towards
higher security
 Acquisitions successfully
integrated
6
Our vision
 To be the world-leader, most
successful and innovative provider
of door opening solutions
 To lead in innovation and offer
well-designed, convenient, safe
and secure solutions that create
added value to our customers
 To be an attractive company
to work for
7
Market
presence
Product
leadership
Cost-
efficiency
Growth and
profitability
ASSA ABLOY Strategy
+ +
=
8
+
A world-leading market
presence is achieved by
exploiting the strength of the
brand portfolio, increasing
growth in the core business
and expanding into new
markets and segments.
Market
presence
9
Solid
market position
 The leading brands
 Large installed base
 A strong sales
channel position
 Local standards
adds to stability
Our business is total door opening solutions
seamlessly connected to the building
Our solutions meet
customer needs
Large customers
Institutional and commercial
customers such as airports,
hospitals, schools, shopping
malls universities and industry
Small and midsize customer
Characterized by each
customer’s need for
professional advice and
installation
Residential and Consumers
The majority of consumer sales
are replacements or upgrades
of existing security products
12
Our brand strategy
ASSA ABLOY as master brand
United sales force and progressive
implementation on products
Product brands capitalizing
on installed base
Four Global brands where
market position is unique
Product brands, non endorsed
- Not associated with the ASSA ABLOY brand
13
+
The Group’s product leadership
is achieved through the
continuous development of
products offering enhanced
customer value and lower
product costs.
Product
leadership
Product leadership through innovation
 We are convinced that innovation is the most important driver for
growth
 Investments in R&D has more than doubled since 2005 and we have
around 1 350 engineers
 We assure long term competitive advantage by continuously
improving our products in terms of benefits, costs and quality
Increased share of fast growing products
– electromechanics
2000
14 sek bn
2013
48 sek bn
42%
36%
22%
Mechanical
locks &
accessories
66%
Electromechanical
20%
Security
doors
14%
Electromechanical
49%
Mechanical
locks &
accessories
33%
Security
doors
18%
16
Some ASSA ABLOY products
17
Some ASSA ABLOY products
18
+
Efforts to increase cost-
efficiency continue in all areas,
including common product
platforms with fewer
components and common
product development.
Cost
efficiency
Efficient manufacturing footprint
20
=
ASSA ABLOY creates
opportunities for increased
growth and profitability
through a strong focus on the
strategy’s three areas of
market presence, product
leadership and cost-efficiency.
Growth
and
profitability
Our growth drivers
 The new “electronic world”:
– electromechanical and digital
locking
– access control and secure
identity & issuance
– automatic doors
 Geographical and emerging
market expansion
 Increased need for security
 Higher expectations
 Acquisitions
 Branding
 Innovation – new solutions
22
ASSA ABLOY divisions 2013
Mech & elmech
locks, cylinders &
security doors
Electronic access
& identity
Entrance
automation
Americas
21%
EMEA
27%
Asia Pacific
14%
Global Technologies
(HID & Hospitality)
ASSA ABLOY Entrance Systems
Product
Offering Organization
% of
Group Sales
62%
13%
25%
EMEA division 2013
 Europe, Middle East and Africa
 In 2013, EMEA grew by
-2 percent and sales totaled
SEK 13,165 M
 The division has
10,089 employees
 Some of the leading brands
are ABLOY, ASSA, TESA,
Yale and Vachette
34
Sales Operating income
(EBIT)
30 31
Share of Group
27% 26%
Americas division 2013
3026
21%
Sales
Share of Group
21% 26%
 North and South America
 In 2013, Americas grew by
5 percent and sales totalled
SEK 10,121 M
 The division has
6,726 employees
 Some of the leading brands
are Corbin Russwin, Curries,
Emtek, Medeco, Phillips,
SARGENT, Ceco, Yale and
La Fonte
Operating income
(EBIT)
Asia Pacific division 2013
14% 13%
Sales Operating income
(EBIT)
Share of Group
14% 13%
 Asia, Australia and New Zealand
 In 2013, Asia Pacific grew by
3 percent and sales totalled
SEK 7,420 M
 The division has
14,243 employees
 Some of the leading brands in
Asia are, Baodean, Guli, King,
iRevo,Pan Pan, Shenfei,
Tianming and Yale. In Australia
and New Zealand Lockwood and
Interlock
Global Technologies division 2013
13% 14%
Sales Operating income
(EBIT)
Share of Group
 Operates worldwide with focus
on access control, secure
issuance of cards, RFID
identification technology and
hotel security
 In 2013, Global Technologies
grew by 3 percent and sales
totalled SEK 6,472 M
 The division has
3,136 employees
 Leading brands are HID,
Fargo, Elsafe and VingCard
13% 14%
Share of Group
Sales
Entrance Systems division 2013
25% 21%
25% 21%
Operating income
(EBIT)
 Supplies complete solutions for
automatic doors and after-sales
services
 In 2013, Entrance Systems grew
by 11 percent and sales totalled
SEK 12,237 M
 The division has
8,191 employees
 Leading brands are
Besam, Crawford, Megadoor,
Albany, Flexiforce, Kelley, Serco,
Normstahl, Ditec, EM and Amarr
ASSA ABLOY
Financial overview
Financial overview
2013
 Sales increased to
SEK 48,481 M (4%)
 Operating income (EBIT*)
SEK 7,923 M (5%)
 Earnings per share*
SEK 14.84 (6%)
 Operating cash flow
SEK 6,803 M (7,044)
*Excluding restructuring costs 2006, 2008, 2009,
2011 and 2013.
Earnings per share
-
1,00
2,00
3,00
4,00
5,00
6,00
7,00
8,00
9,00
10,00
11,00
12,00
13,00
14,00
15,00
16,00
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
*Excluding restructuring costs 2006, 2008, 2009, 2011 and 2013.
Sales split
Group overview
End users Recurring business Product mix
Commercial
and institutional
75%
Residential
25%
Mechanical
products
33%
Electromechanical
products
24%
Entrance
automation
25%
Security
doors
18%
New
construction
33%
After market
67%
Share of Group sales by region 2013
NORTH AMERICA
AND CENTRAL AMERICA
32% 44% 17%
+19% -1% +14%
WESTERN
AND EASTERN EUROPE
ASIA AND
MIDDLE EAST
SOUTH AMERICA AFRICA
AUSTRALIA
AND NEW ZEALAND
2%
+13%
1%
+14%
4%
+4%
Share of Group
sales in local
currency 2013, %
Change relative to
the previous year, %
Emerging markets comprise Africa, Asia, the Middle East, South America and eastern Europe.
People make
it all happen
 Our basic convictions and beliefs
 We have discipline and a focused
approach
 We reward result and performance
 We give access to information
 We learn from our mistakes
 We never hide
 We practice business ethics
 We promote diversity
 We grow people through a clear task
and the authority to act
 We continuously recruit competent and
well educated people
 We give priority to internal recruitment
 We are each in charge of our own
professional career
www.assaabloy.com

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ASSA ABLOY's facts & figures - 2014 corporate presentation part 1

  • 1. ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end-user needs for security, safety and convenience 1
  • 2. 2 ASSA ABLOY in brief 2013  Own operations in more than 70 countries  Authorized distribution covering the world  About 43,000 employees  Sales of over SEK 48 billion
  • 4. 3 000 4 000 5 000 6 000 7 000 8 000 9 000 600 800 1 000 1 200 1 400 1 600 1 800 2 000 2 200 2 400 Quarter Rolling 12 months Operating income* (EBIT) Quarter, SEK M 12 months, SEK M *Excluding restructuring costs 2006, 2008, 2009, 2011 and 2013. Run rate 7,923 MSEK (7,501), +6%
  • 5. 5 We have built a world leader  A clear and well adopted strategy  Trend towards higher security  Acquisitions successfully integrated
  • 6. 6 Our vision  To be the world-leader, most successful and innovative provider of door opening solutions  To lead in innovation and offer well-designed, convenient, safe and secure solutions that create added value to our customers  To be an attractive company to work for
  • 8. 8 + A world-leading market presence is achieved by exploiting the strength of the brand portfolio, increasing growth in the core business and expanding into new markets and segments. Market presence
  • 9. 9 Solid market position  The leading brands  Large installed base  A strong sales channel position  Local standards adds to stability
  • 10. Our business is total door opening solutions seamlessly connected to the building
  • 11. Our solutions meet customer needs Large customers Institutional and commercial customers such as airports, hospitals, schools, shopping malls universities and industry Small and midsize customer Characterized by each customer’s need for professional advice and installation Residential and Consumers The majority of consumer sales are replacements or upgrades of existing security products
  • 12. 12 Our brand strategy ASSA ABLOY as master brand United sales force and progressive implementation on products Product brands capitalizing on installed base Four Global brands where market position is unique Product brands, non endorsed - Not associated with the ASSA ABLOY brand
  • 13. 13 + The Group’s product leadership is achieved through the continuous development of products offering enhanced customer value and lower product costs. Product leadership
  • 14. Product leadership through innovation  We are convinced that innovation is the most important driver for growth  Investments in R&D has more than doubled since 2005 and we have around 1 350 engineers  We assure long term competitive advantage by continuously improving our products in terms of benefits, costs and quality
  • 15. Increased share of fast growing products – electromechanics 2000 14 sek bn 2013 48 sek bn 42% 36% 22% Mechanical locks & accessories 66% Electromechanical 20% Security doors 14% Electromechanical 49% Mechanical locks & accessories 33% Security doors 18%
  • 16. 16 Some ASSA ABLOY products
  • 17. 17 Some ASSA ABLOY products
  • 18. 18 + Efforts to increase cost- efficiency continue in all areas, including common product platforms with fewer components and common product development. Cost efficiency
  • 20. 20 = ASSA ABLOY creates opportunities for increased growth and profitability through a strong focus on the strategy’s three areas of market presence, product leadership and cost-efficiency. Growth and profitability
  • 21. Our growth drivers  The new “electronic world”: – electromechanical and digital locking – access control and secure identity & issuance – automatic doors  Geographical and emerging market expansion  Increased need for security  Higher expectations  Acquisitions  Branding  Innovation – new solutions
  • 22. 22 ASSA ABLOY divisions 2013 Mech & elmech locks, cylinders & security doors Electronic access & identity Entrance automation Americas 21% EMEA 27% Asia Pacific 14% Global Technologies (HID & Hospitality) ASSA ABLOY Entrance Systems Product Offering Organization % of Group Sales 62% 13% 25%
  • 23. EMEA division 2013  Europe, Middle East and Africa  In 2013, EMEA grew by -2 percent and sales totaled SEK 13,165 M  The division has 10,089 employees  Some of the leading brands are ABLOY, ASSA, TESA, Yale and Vachette 34 Sales Operating income (EBIT) 30 31 Share of Group 27% 26%
  • 24. Americas division 2013 3026 21% Sales Share of Group 21% 26%  North and South America  In 2013, Americas grew by 5 percent and sales totalled SEK 10,121 M  The division has 6,726 employees  Some of the leading brands are Corbin Russwin, Curries, Emtek, Medeco, Phillips, SARGENT, Ceco, Yale and La Fonte Operating income (EBIT)
  • 25. Asia Pacific division 2013 14% 13% Sales Operating income (EBIT) Share of Group 14% 13%  Asia, Australia and New Zealand  In 2013, Asia Pacific grew by 3 percent and sales totalled SEK 7,420 M  The division has 14,243 employees  Some of the leading brands in Asia are, Baodean, Guli, King, iRevo,Pan Pan, Shenfei, Tianming and Yale. In Australia and New Zealand Lockwood and Interlock
  • 26. Global Technologies division 2013 13% 14% Sales Operating income (EBIT) Share of Group  Operates worldwide with focus on access control, secure issuance of cards, RFID identification technology and hotel security  In 2013, Global Technologies grew by 3 percent and sales totalled SEK 6,472 M  The division has 3,136 employees  Leading brands are HID, Fargo, Elsafe and VingCard 13% 14%
  • 27. Share of Group Sales Entrance Systems division 2013 25% 21% 25% 21% Operating income (EBIT)  Supplies complete solutions for automatic doors and after-sales services  In 2013, Entrance Systems grew by 11 percent and sales totalled SEK 12,237 M  The division has 8,191 employees  Leading brands are Besam, Crawford, Megadoor, Albany, Flexiforce, Kelley, Serco, Normstahl, Ditec, EM and Amarr
  • 29. Financial overview 2013  Sales increased to SEK 48,481 M (4%)  Operating income (EBIT*) SEK 7,923 M (5%)  Earnings per share* SEK 14.84 (6%)  Operating cash flow SEK 6,803 M (7,044) *Excluding restructuring costs 2006, 2008, 2009, 2011 and 2013.
  • 30. Earnings per share - 1,00 2,00 3,00 4,00 5,00 6,00 7,00 8,00 9,00 10,00 11,00 12,00 13,00 14,00 15,00 16,00 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 *Excluding restructuring costs 2006, 2008, 2009, 2011 and 2013.
  • 31. Sales split Group overview End users Recurring business Product mix Commercial and institutional 75% Residential 25% Mechanical products 33% Electromechanical products 24% Entrance automation 25% Security doors 18% New construction 33% After market 67%
  • 32. Share of Group sales by region 2013 NORTH AMERICA AND CENTRAL AMERICA 32% 44% 17% +19% -1% +14% WESTERN AND EASTERN EUROPE ASIA AND MIDDLE EAST SOUTH AMERICA AFRICA AUSTRALIA AND NEW ZEALAND 2% +13% 1% +14% 4% +4% Share of Group sales in local currency 2013, % Change relative to the previous year, % Emerging markets comprise Africa, Asia, the Middle East, South America and eastern Europe.
  • 33. People make it all happen  Our basic convictions and beliefs  We have discipline and a focused approach  We reward result and performance  We give access to information  We learn from our mistakes  We never hide  We practice business ethics  We promote diversity  We grow people through a clear task and the authority to act  We continuously recruit competent and well educated people  We give priority to internal recruitment  We are each in charge of our own professional career