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Annual Media Conference
2012 financial year
Yves Serra, CEO
26 February 2013
Georg Fischer Corporation
Highlights 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 enhanced
Annual Media Conference / 2012 financial year2
Georg Fischer Corporation
Further steps towards a more balanced portfolio
Annual Media Conference / 2012 financial year3
2011 2012
GF Piping Systems GF Piping SystemsGF AgieCharmilles GF AgieCharmilles
GF Automotive GF Automotive
32%
46%
22%
36%
23%
41%
Georg Fischer Corporation
Share of Asia / America significantly increased
Annual Media Conference / 2012 financial year4
Corporate Sales 2012 (2011)
Rest of the world
Asia
Europe
Americas
59%
(65%)
14%
(10%)21%
(19%)
6%
(6%)
Georg Fischer Corporation
Two divisions with a well-balanced presence
Annual Media Conference / 2012 financial year5
GF Piping Systems GF AutomotiveGF AgieCharmilles
41%
(48%)
30%
(30%) 23%
(16%)
6%
(6%)
9%
(8%)
44%
(47%)
30%
(27%) 17%
(18%)
89%
(92%)
11%
(8%)
GF Piping Systems
Growth 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 developed
Annual Media Conference / 2012 financial year6
GF Piping Systems
Presence in North America significantly strengthened
Harvel Plastics:
No.1 in industrial pipes in the US
Plants in Pennsylvania and California
Annual sales over USD 80 million
IPP:
No.1 in large water infrastructure
piping systems
Plants in Texas and South Carolina
Annual sales over USD 50 million
Annual Media Conference / 2012 financial year7
2m diameter pipe extrusion
head from IPP
GF Piping Systems
Promising new market segments developed
Annual Media Conference / 2012 financial year8
Water supply for mines /
Seam gas extraction
Hygiene solutions for hospitals
and public buildings
GF Automotive
Europe 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 trucks
and compact cars
 High growth in China
 Non-core activities divested
(aluminum sand-casting)
Annual Media Conference / 2012 financial year9
New best selling
bionic wheel carrier
GF Automotive
Productivity boost through automation in Europe
Annual Media Conference / 2012 financial year10
New iron castings moulding line in Mettmann (D)
GF Automotive
Further expansion in China under way
Annual Media Conference / 2012 financial year11
Iron foundry Kunshan (CN)
GF AgieCharmilles
Performance 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 off
Annual Media Conference / 2012 financial year12
Major order in China
for mobile devices
GF AgieCharmilles
Customer proximity drives growth in Asia
Annual Media Conference / 2012 financial year13
Top 10
Machine tool consuming countries
Sales Plant TechPoint (new) Center of
Competence
TaipeiHong Kong
Shenzhen
Yokohama
Bangalore
GF AgieCharmilles presence in Asia
Source: Gardner Report
2008
2012
GF AgieCharmilles
Focus on less cyclical market segments pays off
Annual Media Conference / 2012 financial year14
*ICT= Information and Communication Technology
Cyclicity
High Low
Consolidated financial
statements and
financing
Roland Abt, CFO
15 Annual Media Conference / 2012 financial year
Georg Fischer Corporation
Income statement
Annual Media Conference / 2012 financial year16
2012 2011
Sales 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
Georg Fischer Corporation
Sales by divisions
Annual Media Conference / 2012 financial year17
Growth ∆ %
2012 2011 in CHF in LC
1)
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 CHF
1) Adjusted for changes in scope of consolidation and stated at previous year’s foreign exchange rates.
Georg Fischer Corporation
EBIT and ROS by divisions
Annual Media Conference / 2012 financial year18
ROS %
2012 2011 in CHF in LC
1)
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 CHF
1) Adjusted for changes in scope of consolidation and stated at previous year’s foreign exchange rates.
Georg Fischer Corporation
All divisions generate value
Annual Media Conference / 2012 financial year19
0
2
4
6
8
10
12
14
Corporation
12.1%
GF AgieCharmilles
13.4%
GF Automotive
10.3%
GF Piping Systems
13.9%
ROIC
WACC
Weighted average cost of capital (WACC) = 7.6%
Georg Fischer Corporation
Free cash flow
Annual Media Conference / 2012 financial year20
2012 2011
EBITDA 350 370
Changes in net working capital -57 -77
Income taxes / interest paid -66 -72
Other changes 2 29
Cash flow from operating activities 229 250
Additions to property, plant and equipment -132 -147
Cash flow from acquisitions / divestitures -79 0
Other additions / disposals 1 0
Cash flow from investing activities -210 -147
Free cash flow 19 103
million CHF
Georg Fischer Corporation
Net debt and free cash flow
Annual Media Conference / 2012 financial year21
546
472
321
294
334
-197
94
150
103
19
-200
-100
0
100
200
300
400
500
600
700
2008 2009 2010 2011 2012
Net debt Free cash flow FCF excl. acquisitions
million CHF
Net debt / EBITDA
1.4x 19.7x 0.8x1.0x 1.0x
Georg Fischer Corporation
Key figures
Annual Media Conference / 2012 financial year22
2012 2011
Sales in % 3 6
Sales in % (organic growth) -1 18
Return on Sales (EBIT margin) in % 6.1 6.6
Net profit / (loss) in % of sales 3.5 4.8
Cash flow from operating activities in % of sales 6.4 7.1
ROIC in % 12.1 13.4
Return on Equity in % 10.1 14.3
Equity ratio in % 44 42
Economic Profit 69 82
Earnings per share in CHF 30 39
Earnings per share continued operations in CHF 37 39
Dividend (proposed) per share in CHF 15 15
Number of employees (incl. trainees) 13 412 13 153
million CHF
Outlook
Yves Serra, CEO
Annual Media Conference / 2012 financial year23
Georg Fischer Corporation
Shift towards a better balanced portfolio
Annual Media Conference / 2012 financial year24
CHF 3.6 billion CHF 4 ~ 4.5 billion
2012 2015
GF Piping Systems GF Piping SystemsGF AgieCharmilles GF AgieCharmilles
GF Automotive GF Automotive
36%
41%
23%
40~45%
20~25%
35~40%
Georg Fischer Corporation
Mid-term profitability objectives confirmed
Annual Media Conference / 2012 financial year25
GF Piping Systems GF Automotive GF AgieCharmilles GF
ROS 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
Well positioned
to profit from
relevant trends
Annual Media Conference / 2012 financial year26
GF Piping Systems
Water demand growth worldwide
Annual Media Conference / 2012 financial year27
Capitalize on worldwide footprint, further acquire
in water infrastructure
Source: Global Energy Network Institute
GF Automotive
Reduction of CO2 emissions
Annual Media Conference / 2012 financial year28
95
130
136
2020
target
2012
target
2011
actual
EU regulation on CO2 reduction
(gCO2/km)
Differentiate through weight reduction leadership
Strut dome
GF AgieCharmilles
New applications driven by precision needs
Annual Media Conference / 2012 financial year29
Leverage leading EDM and high-speed milling expertise
Disclaimer
This document is for presentation purposes only and should not be
construed as an offer, invitation or solicitation to subscribe for, purchase
or sell any investment. Neither it nor anything it contains shall form the
basis of any contract whatsoever.
Opinions expressed herein reflect the current judgement of the
management of Georg Fischer. The presentation contains forward-looking
statements that involve risks and uncertainties. The actual results of Georg
Fischer 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 liability
whatsoever with respect to the use of this presentation.
Annual Media Conference / 2012 financial year30

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Gf bmk2013 en_final

  • 1. Annual Media Conference 2012 financial year Yves Serra, CEO 26 February 2013
  • 2. Georg Fischer Corporation Highlights 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 enhanced Annual Media Conference / 2012 financial year2
  • 3. Georg Fischer Corporation Further steps towards a more balanced portfolio Annual Media Conference / 2012 financial year3 2011 2012 GF Piping Systems GF Piping SystemsGF AgieCharmilles GF AgieCharmilles GF Automotive GF Automotive 32% 46% 22% 36% 23% 41%
  • 4. Georg Fischer Corporation Share of Asia / America significantly increased Annual Media Conference / 2012 financial year4 Corporate Sales 2012 (2011) Rest of the world Asia Europe Americas 59% (65%) 14% (10%)21% (19%) 6% (6%)
  • 5. Georg Fischer Corporation Two divisions with a well-balanced presence Annual Media Conference / 2012 financial year5 GF Piping Systems GF AutomotiveGF AgieCharmilles 41% (48%) 30% (30%) 23% (16%) 6% (6%) 9% (8%) 44% (47%) 30% (27%) 17% (18%) 89% (92%) 11% (8%)
  • 6. GF Piping Systems Growth 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 developed Annual Media Conference / 2012 financial year6
  • 7. GF Piping Systems Presence in North America significantly strengthened Harvel Plastics: No.1 in industrial pipes in the US Plants in Pennsylvania and California Annual sales over USD 80 million IPP: No.1 in large water infrastructure piping systems Plants in Texas and South Carolina Annual sales over USD 50 million Annual Media Conference / 2012 financial year7 2m diameter pipe extrusion head from IPP
  • 8. GF Piping Systems Promising new market segments developed Annual Media Conference / 2012 financial year8 Water supply for mines / Seam gas extraction Hygiene solutions for hospitals and public buildings
  • 9. GF Automotive Europe 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 trucks and compact cars  High growth in China  Non-core activities divested (aluminum sand-casting) Annual Media Conference / 2012 financial year9 New best selling bionic wheel carrier
  • 10. GF Automotive Productivity boost through automation in Europe Annual Media Conference / 2012 financial year10 New iron castings moulding line in Mettmann (D)
  • 11. GF Automotive Further expansion in China under way Annual Media Conference / 2012 financial year11 Iron foundry Kunshan (CN)
  • 12. GF AgieCharmilles Performance 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 off Annual Media Conference / 2012 financial year12 Major order in China for mobile devices
  • 13. GF AgieCharmilles Customer proximity drives growth in Asia Annual Media Conference / 2012 financial year13 Top 10 Machine tool consuming countries Sales Plant TechPoint (new) Center of Competence TaipeiHong Kong Shenzhen Yokohama Bangalore GF AgieCharmilles presence in Asia Source: Gardner Report
  • 14. 2008 2012 GF AgieCharmilles Focus on less cyclical market segments pays off Annual Media Conference / 2012 financial year14 *ICT= Information and Communication Technology Cyclicity High Low
  • 15. Consolidated financial statements and financing Roland Abt, CFO 15 Annual Media Conference / 2012 financial year
  • 16. Georg Fischer Corporation Income statement Annual Media Conference / 2012 financial year16 2012 2011 Sales 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. Georg Fischer Corporation Sales by divisions Annual Media Conference / 2012 financial year17 Growth ∆ % 2012 2011 in CHF in LC 1) 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 CHF 1) Adjusted for changes in scope of consolidation and stated at previous year’s foreign exchange rates.
  • 18. Georg Fischer Corporation EBIT and ROS by divisions Annual Media Conference / 2012 financial year18 ROS % 2012 2011 in CHF in LC 1) 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 CHF 1) Adjusted for changes in scope of consolidation and stated at previous year’s foreign exchange rates.
  • 19. Georg Fischer Corporation All divisions generate value Annual Media Conference / 2012 financial year19 0 2 4 6 8 10 12 14 Corporation 12.1% GF AgieCharmilles 13.4% GF Automotive 10.3% GF Piping Systems 13.9% ROIC WACC Weighted average cost of capital (WACC) = 7.6%
  • 20. Georg Fischer Corporation Free cash flow Annual Media Conference / 2012 financial year20 2012 2011 EBITDA 350 370 Changes in net working capital -57 -77 Income taxes / interest paid -66 -72 Other changes 2 29 Cash flow from operating activities 229 250 Additions to property, plant and equipment -132 -147 Cash flow from acquisitions / divestitures -79 0 Other additions / disposals 1 0 Cash flow from investing activities -210 -147 Free cash flow 19 103 million CHF
  • 21. Georg Fischer Corporation Net debt and free cash flow Annual Media Conference / 2012 financial year21 546 472 321 294 334 -197 94 150 103 19 -200 -100 0 100 200 300 400 500 600 700 2008 2009 2010 2011 2012 Net debt Free cash flow FCF excl. acquisitions million CHF Net debt / EBITDA 1.4x 19.7x 0.8x1.0x 1.0x
  • 22. Georg Fischer Corporation Key figures Annual Media Conference / 2012 financial year22 2012 2011 Sales in % 3 6 Sales in % (organic growth) -1 18 Return on Sales (EBIT margin) in % 6.1 6.6 Net profit / (loss) in % of sales 3.5 4.8 Cash flow from operating activities in % of sales 6.4 7.1 ROIC in % 12.1 13.4 Return on Equity in % 10.1 14.3 Equity ratio in % 44 42 Economic Profit 69 82 Earnings per share in CHF 30 39 Earnings per share continued operations in CHF 37 39 Dividend (proposed) per share in CHF 15 15 Number of employees (incl. trainees) 13 412 13 153 million CHF
  • 23. Outlook Yves Serra, CEO Annual Media Conference / 2012 financial year23
  • 24. Georg Fischer Corporation Shift towards a better balanced portfolio Annual Media Conference / 2012 financial year24 CHF 3.6 billion CHF 4 ~ 4.5 billion 2012 2015 GF Piping Systems GF Piping SystemsGF AgieCharmilles GF AgieCharmilles GF Automotive GF Automotive 36% 41% 23% 40~45% 20~25% 35~40%
  • 25. Georg Fischer Corporation Mid-term profitability objectives confirmed Annual Media Conference / 2012 financial year25 GF Piping Systems GF Automotive GF AgieCharmilles GF ROS 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. Well positioned to profit from relevant trends Annual Media Conference / 2012 financial year26
  • 27. GF Piping Systems Water demand growth worldwide Annual Media Conference / 2012 financial year27 Capitalize on worldwide footprint, further acquire in water infrastructure Source: Global Energy Network Institute
  • 28. GF Automotive Reduction of CO2 emissions Annual Media Conference / 2012 financial year28 95 130 136 2020 target 2012 target 2011 actual EU regulation on CO2 reduction (gCO2/km) Differentiate through weight reduction leadership Strut dome
  • 29. GF AgieCharmilles New applications driven by precision needs Annual Media Conference / 2012 financial year29 Leverage leading EDM and high-speed milling expertise
  • 30. Disclaimer This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for, purchase or sell any investment. Neither it nor anything it contains shall form the basis of any contract whatsoever. Opinions expressed herein reflect the current judgement of the management of Georg Fischer. The presentation contains forward-looking statements that involve risks and uncertainties. The actual results of Georg Fischer 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 liability whatsoever with respect to the use of this presentation. Annual Media Conference / 2012 financial year30