SlideShare a Scribd company logo
1 of 74
Download to read offline
Group presentation
Bucher – since 1807 
2 
Kuhn Group 
Agricultural machinery 
Bucher Municipal 
Municipal vehicles 
Bucher Hydraulics 
Hydraulic systems 
Bucher Emhart Glass 
Glass container industry 
Bucher Specials 
Individual businesses 
• Tillage 
• Seeding 
• Fertilisation 
• Spraying 
• Landscape 
maintenance 
• Hay and forage 
harvesting 
• Compact and truck-mounted 
sweepers 
• Refuse collection 
vehicles 
• Salt spreaders 
• Snow plough 
•Mobile and industrial 
hydraulics 
• Pumps 
•Motors 
• Valves 
• Cylinders 
• Elevator drives 
• Glass-forming 
machinery 
• Inspection machinery 
• Transport and 
handling systems 
• Integrated systems 
• Equipment for 
processing wine, fruit 
juice, instant 
products, and for 
dewatering sewage 
sludge 
• Swiss distributorship 
for agricultural 
machinery 
• Control and auto-mation 
technology 
Sales: CHF 1 300 million 
Employees: 4 700 
Sales: CHF 400 million 
Employees: 1 500 
Sales: CHF 450 million 
Employees: 2 000 
Sales: CHF 350 million 
Employees: 1 900 
Sales: CHF 250 million 
Employees: 800 
March 2014 - Group Presentation
Number 1 market positions 
Kuhn Group worldwide in forage harvesting 
machinery and feed mixers 
Bucher Municipal in Europe in sweepers 
Bucher Hydraulics in Europe in special segments of 
mobile hydraulics 
Bucher Emhart Glass worldwide in glass container 
manufacturing equipment 
Bucher Specials worldwide in fruit juice and wine 
production equipment 
March 2014 - Group Presentation 3
Main manufacturing sites worldwide 
March 2014 - Group Presentation 4 
Total 5 continents 
40 sites
Group strategy 
• Increase in company value (RONOA > WACC) 
• Diversified group focused on mechanical and vehicle engineering 
• Strengthening of existing operating segments 
– Continuous product innovation 
– Operational efficiency with flexible structures 
– Internal growth and targeted acquisitions 
• Clear, central functions 
– Strategy and operations reviews 
– Treasury, Controlling, Tax, Legal, M&A, Investments, Communication 
– Management and remuneration systems 
• Solid balance sheet for long-term industrial independence 
March 2014 - Group Presentation 5
March 2014 - Group Presentation 6 
EBIT margin 2009 2010 2011 20121) 2013 targets 
Kuhn Group 7.53) 9.2 11.3 12.5 14.9 11 
Bucher Municipal 3.9 7.3 7.0 9.3 8.6 8 
Bucher Hydraulics 4.33) 9.9 8.7 9.0 9.4 11 
Bucher Emhart Glass 4.0 1.22) 4.5 0.32) 4.8 9 
Bucher Specials 5.3 4.6 6.1 8.1 10.0 9 
Bucher Industries 5.23) 7.4 8.1 8.9 10.7 9 
Group, divisions and independent businesses 
RONOA after tax 11.43) 12.4 17.0 17.0 19.3 >16 
Medium-term earnings targets 
3) Before impairment changes 
2) After restructuring costs of CHF 9 million in 2012 and CHF 5 million in 2010 
1) 2012: retrospective restatement owing to first application of IAS 19 (revised)
Group at a glance 
• Favourable market environment 
– Good conditions at high level for agricultural machinery 
– Low but stable demand for municipal vehicles 
– Upturn in demand and sales growth through acquisitions at Bucher Hydraulics and 
Bucher Specials 
– Subdued first half, picking up in second half in glass-forming machinery 
– Good market conditions in fruit juice processing equipment 
• Entry into automation technology through takeover of Jetter AG by public 
offering; at year-end Bucher held 77.35% of the equity 
• Best result in the company’s history 
– EBIT margin of 10.7% 
– Profit for the year of CHF 196 million 
– Earnings per share increase by 27% to CHF 19.64 
March 2014 - Group Presentation 7
Group at a glance (continued) 
• Continuity in investments 
– CHF 137 million for internal growth 
– CHF 63 million for acquisitions at Bucher Hydraulics and Bucher Specials 
• Solid financial situation 
– Operating free cash flow of CHF 92 million 
– Zero net debt at the end of 2013 
– Increase in equity ratio from 39% to 44% 
– Great financial scope for internal and external growth 
March 2014 - Group Presentation 8
Net sales 
by division and region 2013 
CHF 2 691 million 
Kuhn Group 48% 
Bucher Municipal 14% 
Bucher Hydraulics 17% 
Bucher Emhart Glass 13% 
Bucher Specials 8% 
Europe 57% 
Switzerland 5% 
Americas 24% 
Asia 9% 
Other 5% 
March 2014 - Group Presentation 9
Numer of employees 
by region 2013 
Total 10 916 employees1) 
Europe 55% 
Switzerland 9% 
Americas 21% 
Asia 12% 
Other 3% 
1) Expressed as full time equivalents 
March 2014 - Group Presentation 10
Key figures 
CHF million Change in 
2013 2012 % %2) %3) 
Order Intake 2 718 2 490 9.1 9.0 6.6 
Net sales 2 691 2 609 3.1 3.0 0.8 
Order book 850 795 6.9 6.5 3.3 
Operating profit (EBITDA)1) 
as % of net sales 
371 
13.8 
307 
11.8 
20.9 
Operating profit (EBIT)1) 
as % of net sales 
287 
10.7 
232 
8.9 
23.9 
Profit for the year1) 
as % of net sales 
196 
7.3 
156 
6.0 
25.8 
Employees at 31 December 10 916 10 166 7.4 2.1 
Average employees during year 10 788 10 383 3.9 0.7 
2) Adjusted for currency effects 3) Adjusted for currency, acquisition and disposal effects 
1) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
March 2014 - Group Presentation 11
Investing in the future 
CHF million 2013 2012 Change in % 
Development costs 91 81 12.0 
Capital expenditure 137 96 41.6 
Acquisitions (cash flow) 55 3 n.a. 
March 2014 - Group Presentation 12
Results by division 
CHF million 2013 20121) 
EBIT EBIT margin EBIT EBIT margin 
Kuhn Group 191 14.9% 153 12.5% 
Bucher Municipal 33 8.6% 39 9.3% 
Bucher Hydraulics 42 9.4% 37 9.0% 
Bucher Emhart Glass 17 4.8% 1 0.3% 
Bucher Specials 24 10.0% 17 8.1% 
Other/consolidation -20 -15 
Bucher Industries 287 10.7% 232 8.9% 
1) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
March 2014 - Group Presentation 13
2609 2691 
2336 
2034 
2142 
10788 
10383 
9380 
7618 7639 
0 
2000 
4000 
6000 
8000 
10000 
12000 
0 
600 
1200 
1800 
2400 
3000 
3600 
2009 2010 2011 2012 2013 
Net sales Average number of employees during year 
Net sales and number of employees 
C HF m Employees1) 
1) Expressed as full time equivalents 
March 2014 - Group Presentation 14
2609 2691 
2336 
2034 
2142 
2789 
2459 
196 
156 
127 
98 
-24 
145 
171 
371 
307 
260 
224 
190 
342 
286 287 
232 
190 
151 
26 
229 246 
-60 
0 
60 
120 
180 
240 
300 
360 
420 
-500 
0 
500 
1000 
1500 
2000 
2500 
3000 
3500 
2007 2008 2009 2010 2011 2012 2013 
Net sales Profit for the year EBITDA EBIT 
Net sales and results 
CHF m results 
CHF m net sales 
1) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
1) 1) 
March 2014 - Group Presentation 15
Net operating assets (NOA) und 
RONOA after tax 
1061 
970 
849 828 
1114 
891 
687 
39.4 
37.2 
35.4 
41.8 
52.0 
31.9 
27.9 
19.3 
17.0 17.0 
12.4 
1.5 
18.5 
23.8 
0 
10 
20 
30 
40 
50 
60 
0 
200 
400 
600 
800 
1000 
1200 
2007 2008 2009 2010 2011 2012 2013 
Net operating assets (4q-average) as % of net sales RONOA 
CHF m 
1) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
% 
March 2014 - Group Presentation 16
Shareholders’ equity and return on equity 
1074 
890 
814 
748 
793 
873 846 
20.0 
18.3 
16.3 
12.7 
-3 
16.9 
21.4 
-5 
0 
5 
10 
15 
20 
25 
30 
-200 
0 
200 
400 
600 
800 
1000 
1200 
2007 2008 2009 2010 2011 2012 2013 
Shareholder's equity Return on equity 
CHF m 
1) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
Impairment charges: 2008 CHF 39 million, 2009 CHF 86 million 
% 
1) 
March 2014 - Group Presentation 17
Operating free cash flow and investments 
Cash flow from operating activities 
CHF m 
183 
202 
55 
105 
92 
56 
58 
117 
95 132 
239 
260 
172 
200 
224 
0 
50 
100 
150 
200 
250 
300 
2009 2010 2011 2012 2013 
Operating free cash flow Investments (net) Cash flow from operating activites 
March 2014 - Group Presentation 18
Net cash/debt and free cash flow 
0 
-165 
-19 
-209 
-72 
19 
-118 
206 
-144 
199 
-137 
-75 
181 
1 
-210 
-140 
-70 
0 
70 
140 
210 
-210 
-140 
-70 
0 
70 
140 
210 
2009 2010 2011 1. HY 2012 2. HY 2012 1. HY 2013 2. HY 2013 
Net cash/debt Free cash flow 
CHF m net cash/debt CHF m free cash flow 
March 2014 - Group Presentation 19
Total assets and equity 
2125 
1985 
2248 2259 
2436 
793 748 
814 
890 
1074 
0 
500 
1000 
1500 
2000 
2500 
2009 2010 2011 2012 2013 
Total assets Equity 
44% 
1) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
37% 38% 36% 39% 
CHF m 
1) 
March 2014 - Group Presentation 20
Shareholders’ equity / Intangible assets 
793 
748 
814 
890 
1074 
165 
135 
60 53 174 75 159 73 181 80 
0 
200 
400 
600 
800 
1000 
1200 
2009 2010 2011 2012 2013 
Shareholders' equity Intangible assets Thereof goodwill 
1) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
CHF m 
1) 
March 2014 - Group Presentation 21
Group outlook for 2014 
• No significant change in economic environment anticipated 
• Confident mood in market segments served by Bucher Industries 
– Agricultural machinery: subdued demand at very high level 
– Municipal vehicles: stable outlook 
– Demand for hydraulic systems and glass-forming machinery on a par with previous year 
– Bucher Specials expects buoyant demand to continue, boosted by acquisition of Jetter 
automation technology 
– For Group overall, slight increase in sales and moderate decrease in profitability 
compared with record figures in 2013 
March 2014 - Group Presentation 22
Kuhn Group 
Specialised agricultural machinery 
23 
Ploughing Seeding Fertilisation Manure spreaders 
Spraying Landscape 
maintenance 
Bedding and 
feeding 
Hay and forage Feed storage 
harvesting 
Tillage 
March 2014 - Group Presentation
1286 
1222 
1026 
851 
948 191 
153 
116 
78 
71 
0 
50 
100 
150 
200 
250 
0 
300 
600 
900 
1200 
1500 
2009 2010 2011 2012 2013 
Nettoumsatz EBIT 
1) Before impairment charges 2) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
Kuhn Group 
Net sales and EBIT 
C HF m CHF m 
1) 
2) 
March 2014 - Group Presentation
Kuhn Group 
Net sales and number of employees 2013 
Net sales Number of employees 
CHF 1 286 million 4 699 employees1) 
Europe 62% 
Americas 32% 
Asia 4% 
Other 2% 
France 54% 
North America 21% 
Brazil 11% 
Netherlands 8% 
Other 6% 
1) Expressed as full time equivalents 
March 2014 - Group Presentation 25
Kuhn Group 
Market position 
• World’s leading manufacturer of specialised tractor-related agricultural 
machinery under one brand 
• Use of several distribution networks reduces dependence and increases 
potential for high market share 
• Broad customer base and independence from large customers 
• Specialist in hay and forage harvesting machinery, tillage machinery, seed drills, 
sprayers, feed mixers 
• Market share: up to 30% or more worldwide depending on the product family 
• Main competitors: Kverneland (NO), Krone (DE), Claas (DE), Pöttinger (AT), 
Amazone (DE) and other German, French and Italian manufacturers 
March 2014 - Group Presentation 26
Kuhn Group 
Complete product range under one brand 
March 2014 - Group Presentation 27 
Competitors Hay and forage Hedge Feed Tillage equipment Seeders Sprea- Spray- Trac- Harvesters 
mow-ers 
tedders rakes 
balers cutters mixers driven non-driven drilling precision ders ers 
tors selfpropelled 
Kuhn Group 
John Deere 
CNH 
AGCO 
Claas Renault 
Krone 
Amazone 
Pöttinger 
Kubota/KVE Gallignani Kubota 
Exel / Hardi 
Lemken 
Horsch 
Väderstad 
Kongskilde 
Lely/Welder 
Sulky 
Monosem
Market in % 
Farm tractors 29% 
Harvesting machinery 16% 
Hay and forage 
machinery 
6% 
Tillage 6% 
Planting and seeding, 
crop protection, 
fertilizing machinery 
10% 
Other farm equipment 
machinery, attach-ments 
and parts 
33% 
Kuhn Group 
World farm equipment market 
March 2014 - Group Presentation 28
Kuhn Group 
World regional farm equipment market 
29 
Europe 33% 
North America 26% 
China 20% 
Central and South America 7% 
India 8% 
Japan 2% 
Other 4% 
March 2014 - Group Presentation
Kuhn Group 
2013 highlights 
• Positive market trend 
– Despite downward trend, prices for agricultural produce remained at a high level in long-term 
comparison 
– Investment confidence among farmers remained high 
– Delay in growth cycle in springtime, later recovering to large extent 
• Successful integration of acquired companies strengthens market position and 
profitability 
• Excellent profitability thanks to various operational factors 
• Preliminary contract in 2014 for acquisition of Montana, Brazil, specialists in 
self-propelled crop sprayers, and fertilising equipment 
• High investments in infrastructure, growth and customer training 
March 2014 - Group Presentation 30
Kuhn Group 
Planned acquisition of Montana, Brazil 
• Family company in Curitiba, Brazil, with subsidiary in Argentina 
• Key figures: 
– Sales 2013: BRL 225 million (CHF 96 million) 
– Two-digit EBITDA margin 
– 600 employees 
• Main products (85% of sales): 
– Self-propelled crop sprayers 
– Self-propelled fertilising spreaders 
• Complementary dealer network, primarily large scale farms 
March 2014 - Group Presentation 31
Montana 
32 
Self-propelled 
crop sprayers 
Self-propelled fertilising equipment 
Manufacturing site in Curitiba, Brasilien 
March 2014 - Group Presentation
Kuhn Group 
Outlook for 2014 
• Long-term prospects still good 
• Market environment still positive, but rather subdued demand 
– Favourable income situation for farmers continuing, but slightly lower year on year 
– Main markets: America positive overall, Western Europe with lower demand 
– Normal level of dealer inventories 
• Planned acquisition of Montana, Brazil, strengthens market position 
– Self-propelled crop sprayers and fertilising equipment complement product range, 
particularly the large seeders 
– Access to large agricultural enterprises and strengthening of dealer network 
– Completion expected in first half of year 
• Sales on a par with previous year and slightly lower profitability after record 
margin in previous year 
March 2014 - Group Presentation 33
Bucher Municipal 
Sweepers and winter maintenance equipment 
34 
Compact sweepers Truck-mounted sweepers 
Spreaders Refuse collection vehicles 
March 2014 - Group Presentation
383 
424 
387 373 380 
33 
39 
27 26 
25 
0 
10 
20 
30 
40 
50 
60 
0 
100 
200 
300 
400 
500 
600 
2009 2010 2011 2012 2013 
Net sales EBIT 
1) Before restructuring costs 2) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
Bucher Municipal 
Net sales and EBIT 
C HF m CHF m 
1) 
2) 
March 2014 - Group Presentation 35
Bucher Municipal 
Net sales and number of employees 2013 
Net sales Number of employees 
CHF 383 million 1 523 employees1) 
Europe 62% 
Switzerland 5% 
Australia 23% 
Asia 5% 
Americas 4% 
Other 1% 
UK 31% 
Australia 17% 
Switzerland 14% 
Latvia 12% 
Italy 9% 
Germany 6% 
Denmark 5% 
Other 6% 
1) Expressed as full time equivalents 
March 2014 - Group Presentation 36
Bucher Municipal 
Market position 
• Market leader in Europe and Australia 
• Market shares: Europe Australia 
– Compact sweepers: 22% 48% 
– Truck-mounted sweepers: 56% 77% 
– Refuse collection vehicles: --- 50% 
– Winter maintenance equipment: 28% --- 
• Complete product line for municipal applications in Europe 
• Main competitors: Aebi-Schmidt (DE), Ravo (NL)*, Scarab (UK)*, Hako (DE), 
Boschung (CH), Faun (DE) and Elgin (USA) 
* Fayat Group 
Mar ch 2014 - Group Presentation 37
Bucher Municipal 
Complete product range 
38 
Competitors Sweepers Specialised 
range 
Spreaders 
1m3 2m3 4m3 5m3 6m3 8m3 mounted towed 
Bucher Municipal 
Aebi-Schmidt (DE) 
Boschung (CH) 
Hako (DE) 
Faun (DE) 
Fayat Group (FR) * 
Elgin (USA) 
Dulevo (DE) 
Brock (DE) 
Tennant (USA) 
Epoke (DK) 
Acometis (FR) 
* Ravo, Scarab, Mathieu 
March 2014 - Group Presentation
Bucher Municipal 
2013 highlights 
• Overall stable demand on a low level in Europe 
– Increase in order intake, particularly in Western Europe and Australia 
– Follow-up order worth CHF 19 million from the city of Moscow thanks to excellent 
handling of major order in 2012 
– First, still tentative signs of recovery in Southern Europe 
• Successful merger of production plants in Great Britain and Australia 
strengthens competitiveness 
• Innovation project for emission-free compact sweepers progressing on schedule 
• Sale of profitable auxiliary business with hand-driers in Australia, with book 
profit of CHF 4 million 
• Good operating performance with gratifying level of profitability 
March 2014 - Group Presentation 39
Bucher Municipal 
Outlook 2014 
• Stable market volume, 30% down on record year of 2008 
– Flexible adjustment of volumes after completion of major order from city of Moscow in 
2012 
– First tentative signs of recovery in Southern Europe 
– Follow-up order from city of Moscow in previous year, ensures good start to 2014 
• Start of production in Kaluga, Russia, with local manufacture of spreaders 
• Sales and operating profit on a par with previous year 
• Sales and operating profit, adjusted for the gain of 4 million on disposal of the 
business with hand-driers, on a par with the previous year 
March 2014 - Group Presentation 40
Bucher Hydraulics 
Customised drive systems 
41 
Materials 
handling 
High-voltage 
switch gear 
Construction 
equipment 
Elevator Dyna-Lift 
technology 
Marine/offshore 
Agricultural Industry 
machinery 
Mining / 
tunnelling 
Municipal 
vehicles 
Energy 
technology 
Lift gates 
March 2014 - Group Presentation
453 
399 407 
371 
320 
42 
37 
35 
37 
14 
0 
10 
20 
30 
40 
50 
60 
0 
100 
200 
300 
400 
500 
2009 2010 2011 2012 2013 
Net sales EBIT 
Bucher Hydraulics 
Net sales and EBIT 
C HF m CHF m 
1) 
2) 
1) Before impairment charges 2) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
March 2014 - Group Presentation 42
Bucher Hydraulics 
Net sales and number of employees 2013 
Net sales Number of employees 
CHF 453 million 1 984 employees1) 
Europe 64% 
Switzerland 4% 
Americas 25% 
Asia 7% 
Germany 39% 
Switzerland 23% 
North America 16% 
Italy 9% 
Asia 8% 
Brazil 3% 
Other 2% 
1) Expressed as full time equivalents 
March 2014 - Group Presentation 43
Bucher Hydraulics 
Market position 
• Leading specialist in mobile, industrial and elevator hydraulics across Europe 
• Presence built up in the USA and Brazil 
• Market share: 10% to 20% across Europe in specialised areas of hydraulic 
engineering 
• Focus on customised drive solutions 
• Main competitors: Bosch-Rexroth (DE), Sauer Danfoss (USA), Parker Hannifin 
(USA), Eaton Vickers (USA), Hydac (DE), Hawe (DE), Husco (USA), Denison 
(USA), and a large number of further German and Italian manufacturers 
March 2014 - Group Presentation 44
Bucher Hydraulics 
Complete product range 
45 
Pumps Valves Motors & 
cylinders 
Accessories Power 
packs 
Competitors 
Pis-ton 
Vane Gear Indu-strial 
(Cetop) 
Ser-vo 
Direc-tional-spool 
Car-tridge 
Mani-folds 
Spe-cial 
Gear Pis-ton 
Cylin-ders 
Elec-tro-nics 
Accu-mulat-ors 
Fil-ters 
Other Com-pact 
Con-trac-ting 
Bucher Hydraulics 
Parker (USA) 
Eaton (USA) 
Rexroth (DE) 
Sauer Danfoss (DE) 
Hydac (DE) 
HAWE (DE) 
Brevini Group (IT) 
Walvoil (IT) 
Argo-Hytos (DE) 
Moog (USA) 
Concentric (SE) 
Husco (USA) 
Sun Hydraulics (USA) 
Hydraforce (USA) 
March 2014 - Group Presentation
50 
60 
70 
80 
90 
100 
110 
120 
130 
140 
150 
1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 
Hydraulics Engineering Bucher Hydraulics 
Bucher Hydraulics 
46 
Sales index 
Growth per market segment (2010 = 100) 
Source: VDMA 
March 2014 - Group Presentation
Bucher Hydraulics 
2013 highlights 
• Varied market environment 
– Western Europe: market positive in mobile machinery, weakening in construction 
machinery and industrial hydraulics 
– USA: good level of demand sustained, preparation for series production in 2014 for 
globally active customers 
– China: government reins in construction activity 
• Smooth integration of acquisition Ölhydraulik Altenerding, Germany, with 
synergies in second half of year 
• Entry into the Brazilian market through takeover of Eco Sistemas Hydráulica, 
Porto Alegre 
• Good operating performance with increase in sales, operating profit and EBIT 
margin 
March 2014 - Group Presentation 47
Bucher Hydraulics 
Outlook for 2014 
• Uncertainties about economic situation 
– Developments in Germany decisive for hydraulics sales in Europe 
– Rest of Europe, particularly France and Italy, planning difficult 
– Continuation of good level of demand expected in USA 
• Start of series production in Europe and North America underpins sales 
development 
• Recovery in China in the second half of the year could give additional impetus 
• Development of new platform in Brazil offers short- and medium-term growth 
opportunities 
• Slight increase in sales and further improvement in operating profit expected 
March 2014 - Group Presentation 48
Bucher Emhart Glass 
Glass container manufacturing equipment 
49 
Lehr 
Forehearth 
Furnace 
Lehr 
Palletizing 
Inspection 
Gob forming 
Ware handling 
Forming machine 
Glass container manufacturing process 
Gob forming Glass-forming machine Ware handling Inspection 
March 2014 - Group Presentation
347 
367 
345 
259 
304 
17 
10 
15 
8 
12 
0 
10 
20 
30 
40 
50 
0 
100 
200 
300 
400 
500 
2009 2010 2011 2012 2013 
Net sales EBIT 
Bucher Emhart Glass 
Net sales and EBIT 
C HF m CHF m 
1) 
2) 
1) Before restructuring costs 2) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
1) 
March 2014 - Group Presentation 50
Bucher Emhart Glass 
Net sales and number of employees 2013 
Net sales Number of employees 
CHF 347 m 1 864 employees1) 
Europe 38% 
Asia 36% 
Americas 19% 
Africa 6% 
Other 1% 
China 56% 
Sweden 15% 
Americas 13% 
Malaysia 7% 
Switzerland 4% 
Other 5% 
1) Expressed as full time equivalents 
March 2014 - Group Presentation 51
Bucher Emhart Glass 
Market position 
• World’s leading supplier of machinery, equipment and services for glass 
container manufacturers 
• Market share: 50% worldwide for glass forming machines and services; 25% 
worldwide for inspection systems 
• Global partnership with Owens-Illinois (USA), the world’s biggest manufacturer 
of glass containers 
• Main competitors: Verallia (FR), Bottero (IT), BDF (IT), Heye International (DE) 
for glass-forming machinery; Tiama (FR), Iris (FR) for inspection machinery 
March 2014 - Group Presentation 52
Bucher Emhart Glass 
World’s leading machinery manufacturer 
53 
Hot End Cold End 
IS forming machine 
Competitors Refrac-tory 
Fore-hearth 
Feeder 
& shear 
NIS BIS AIS IS Ware 
handling 
Lehr Inspec-tion 
Palle-tizing 
Wrap-ping 
Emhart Glass 
Sanjin 
Bottero (IT) 
Heye (DE) 
Sklostroj (CZ) 
GPS (DE) 
BDF (IT) 
O-I (USA) 
China competitors 
MSC & SGCC (FR) 
PSR (UK) 
March 2014 - Group Presentation
Bucher Emhart Glass 
Glass consumption per capita 
March 2014 - Group Presentation 54
1. May 2013 Finalisation of installation of hard glass 
production line at Pöchlarn 
2. June 2013 Start of first production trials 
3. Following months Continuous improvements on 
tempering lehr and hard glass equipment 
4. October 2013 First stable production run of 0.33l bottle über län 
Functional production line installed at Vetropack Pöchlarn, 
Austria, since mid 2013 
March 2014 - Group Presentation 55 
Bucher Emhart Glass
Bucher Emhart Glass 
56 
Internal Pressure (bar) 
Samples 
Burst pressure after 25 filling line trips 
March 2014 - Group Presentation 
Typical result - Hardglass bottles with significant strength increase over 
annealed bottles 
0 
5 
10 
15 
20 
25 
30 
35 
40 
45 
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 
200g Annealed 
200g Hardglass 
300g Annealed
Bucher Emhart Glass 
Milestones until full market launch of first bottle 
March 2014 - Group Presentation 57 
March 2015: Full market launch of 0.33l and 1.0l bottle with advertisement and promotion 
2013 2014 
Nov Dec Jan Feb Mrz Apr Mai Jun Jul Aug Sep Okt Nov Dec 
Process 
Optimization 
Installation 
Qualification 
15'000 
Process 
validation 
50'000 
Qua-rantine 
10'000 filling 
& internal 
consumption 
test 
50'000 
production 
Quarantine 
Filling & pre-market 
test/launch 
50'000 per month
Bucher Emhart Glass 
2013 highlights 
• Marked project-related fluctuations in capacity utilisation 
• Varied market development 
– Demand trend hesitant in first half and then positive in second half 
– Stable in Europe and America 
– Fewer major projects, particularly in Asia 
– Slump in demand in China 
• First commercial tempered glass system to Vetropack started operations at end 
of year 
• Realignment of capacities and leverage of worldwide presence 
– Expansion of capacity in USA and Europe 
– Expanded capacity in Malaysia came on stream ahead of plan 
– Start of component sourcing from division’s own plants in Malaysia and China 
– Completion of project expected by end of 2015/ beginning of 2016 
• Worldwide cooperation agreement with Owens-Illinois came into force in 
September 
March 2014 - Group Presentation 58
Bucher Emhart Glass 
Outlook for 2014 
• Market environment expected to be comparable with previous year 
– Continuation of good level of demand in USA 
– Recovery in Europe 
– Stable spare part and service business 
– Persistent weakness of Asian markets, especially in China 
• Control systems, spare parts and new machines for Owens-Illinois could 
provide growth momentum 
• Savings arising from the realignment project improve profitability 
• Modest increase in sales and further improvement in operating profit 
March 2014 - Group Presentation 59
Bucher Specials 
60 
Agricultural distributorship in 
Switzerland 
Winemaking equipment 
Automation technology and control 
systems 
Fruit juice processing systems and 
drying equipment 
March 2014 - Group Presentation
244 
201 206 
188 187 
24 
17 
12 
9 
10 
0 
5 
10 
15 
20 
25 
30 
35 
0 
50 
100 
150 
200 
250 
300 
2009 2010 2011 2012 2013 
Net sales EBIT 
Bucher Specials 
Net sales and EBIT 
C HF m CHF m 
1) 
1) 2012: retrospective restatement owing to first application of IAS 19 (revised) 
March 2014 - Group Presentation 61
Bucher Specials 
Net sales and number of employees 2013 
Net sales Number of employees 
CHF 244 m 785 employees1) 
Europe 44% 
Switzerland 37% 
Americas 10% 
Asia 7% 
Other 2% 
France 37% 
Germany 29% 
Switzerland 27% 
Chile 3% 
Italy 2% 
Other 2% 
1) Expressed as full time equivalents 
March 2014 - Group Presentation 62
Bucher Vaslin 
Market position 
• World market leader in winemaking equipment 
• Strong global distributor network 
• Specialised production facilities in France and Chile 
• Market share: 35% to 45% worldwide 
• Main competitors: Pera (FR), Della Toffola (IT), Diemme (IT), and further Italian 
and German manufacturers 
March 2014 - Group Presentation 63
Bucher Vaslin 
World market leader 
64 
Wine production 
Competitors Reception Crushing Pressing Fermentation Filtration Filling 
Bucher Vaslin 
Velo (IT) 
Diemme (IT) 
Della/Toffola (IT) 
Gai (IT) 
B a n k r u p t c y i n 2 0 1 3 
March 2014 - Group Presentation
-15% 
-10% 
-5% 
0% 
5% 
10% 
15% 
20% 
25% 
30% 
35% 
0 
5 
10 
15 
20 
25 
30 
35 
40 
45 
50 
USA 
France 
Italy 
Spain 
Germany 
Austria 
Greece 
Portugal 
Switzerland 
Russia* 
China * 
million hl CAGR 
2006 2007 2008 2009 2010 2011 prov. 2012 FC 2013 CAGR 06 - 13F 
-15% 
-10% 
-5% 
0% 
5% 
10% 
15% 
20% 
25% 
30% 
35% 
0 
5 
10 
15 
20 
25 
30 
35 
40 
45 
50 
Argentina 
Chile 
Brazil 
South Africa 
Australia 
New Zealand 
million hl CAGR 
Bucher Vaslin 
Wine production 
65 
Source: OIV, SAWIS 
Northern hemisphere Southern hemisphere 
* CAGR 06 - 11 
March 2014 - Group Presentation
Bucher Unipektin 
Market position 
• World market leader in fruit, berry and vegetable juice processing equipment 
• Market share: 35% to 50% worldwide 
• Entry into beer filtration market with Bucher Filtrox Systems 
• Established product range for dewatering of municipal sewage and industrial 
sludges 
• Main competitors: Flottweg (DE), GEA (DE), Alfa Laval (SE) und Andritz (AT) 
March 2014 - Group Presentation 66
Bucher Unipektin 
World market leader 
67 
Juice production 
Competitors Reception Milling Mash 
heating 
Dejuicing Pasteuri-zation 
Filtration Adsorp-tion 
Evapo-ration 
Bucher Unipektin 
Flottweg (DE) 
Bauer & Partners (PL) 
GEA Group (DE) 
Alfa Laval (SE) 
Schmidt-Bretten (DE) 
Bellmer (DE) 
Kaimi (CN) 
March 2014 - Group Presentation
Bucher Unipektin 
Apple production 
68 
0 
10 
20 
30 
40 
50 
60 
70 
80 
90 
2000 2002 2004 2006 2008 2010 2012 
million tonnes 
Others 
South America 
North America 
South Europe 
Western Europe 
East Europe 
Southern Asia 
East Asia 
March 2014 - Group Presentation
Bucher Landtechnik 
Market position (in Switzerland) 
• Distributorship of tractors and agricultural machinery 
• Well established among farmers and distributors 
• Professional distributor network and high quality of service 
• Wide range of tractors (New Holland, Case, Steyr), attachments (Kuhn) and 
wheel loaders (Weidemann) 
• Market share: 20% to 30% 
• Main competitors 
– Tractors: John Deere, AGCO, SDF, Claas 
– Attachments: Pöttinger, Kverneland, Amazone, Lemken, Rabe, Krone, Fella 
March 2014 - Group Presentation 69
70 
Competitors Hay and forage Hedge Feed Tillage equipment Seeders Sprea- Spray- Trac- Harvesters Wheel- 
Mowers Tedders Rakes Balers cutters mixers driven non-driven 
drilling precision ders ers tors self - 
propelled 
loaders 
Bucher 
Landtechnik 
Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn CNH 
Weide-mann 
Matra 
(John Deere) 
GVS 
(AGCO) 
Krone Krone Krone Krone Rabe Rabe Rabe Rabe 
Fendt / MF/ 
Valtra 
Fendt / MF / 
Krone 
Bichon 
Serco 
(Claas) 
InTrac 
Ott 
Landmaschinen 
Kv Kv Kv Kv Kv 
Amazone 
Kv 
Amazone 
Kv 
Amazone 
Kv 
Amazone 
Kv 
Amazone 
Rauch / Kv 
Amazone 
Kv 
Pöttinger CH 
Fella CH 
Grunderco Rousseau CNH 
Lemken CH 
Bucher Landtechnik 
Market leader in Switzerland 
March 2014 - Group Presentation
Bucher Specials 
Jetter - Market entry into automation technology 
71 
Industrial automation Mobile automation 
- Glass container production 
- Window manufacturing 
- Filling systems 
- Packaging systems 
- Assembly / handling systems 
- Agricultural machinery 
- Municipal vehicles 
March 2014 - Group Presentation
Bucher Specials 
2013 highlights 
• Stable market environment overall 
– Upturn in demand for winemaking equipment 
– Positive performance in equipment for fruit juice processing, dewatering sewage sludge 
and beer filtration 
– Sales of equipment for dewatering sewage sludge exceeded CHF 10 million for the first 
time 
– Buoyant market for the Swiss distributorship for agricultural machinery 
– Contribution to sales from automation technology not yet significant; consolidated as of 
November 
• Operational improvements through streamlining in administrative area and 
investments in logistics 
• Gratifying rise in sales and operating profit 
March 2014 - Group Presentation 72
Bucher Specials 
Outlook for 2014 
• Market outlook 
– Upturn in winemaking equipment 
– Stabilization on high level in fruit juice processing equipment 
– Increase in projects for dewatering sewage sludge and beer filtration 
– Swiss distributorship for agricultural machinery on a par with the very high level of the 
previous year 
– Strong sales growth through consolidation of Jetter automation technology, with above-average 
profitability 
• Bucher Specials expects strong growth in sales and operating profit at the same 
range as the previous year 
March 2014 - Group Presentation 73
Group Presentation March 2014

More Related Content

What's hot

Elringklinger - Conference Call Q1 2014 Presentation
Elringklinger - Conference Call Q1 2014 Presentation Elringklinger - Conference Call Q1 2014 Presentation
Elringklinger - Conference Call Q1 2014 Presentation Company Spotlight
 
AkzoNobel - Progress towards leading performance
AkzoNobel - Progress towards leading performanceAkzoNobel - Progress towards leading performance
AkzoNobel - Progress towards leading performanceAkzoNobel
 
Valmet's Interim Review January-September 2014
Valmet's Interim Review January-September 2014Valmet's Interim Review January-September 2014
Valmet's Interim Review January-September 2014Valmet Oyj
 
Valmet Financial Statements Review 2014
Valmet Financial Statements Review 2014Valmet Financial Statements Review 2014
Valmet Financial Statements Review 2014Valmet Oyj
 
Ahlstrom Q2/2016 interim report
Ahlstrom Q2/2016 interim reportAhlstrom Q2/2016 interim report
Ahlstrom Q2/2016 interim reportAhlstrom-Munksjö
 
Enea 2014 H1
Enea 2014 H1Enea 2014 H1
Enea 2014 H1Enea
 
Dürr AG Conference Call Q1 2015
Dürr AG Conference Call Q1 2015Dürr AG Conference Call Q1 2015
Dürr AG Conference Call Q1 2015Dürr
 
AkzoNobel Q3 2013 Investor Presentation
AkzoNobel Q3 2013 Investor PresentationAkzoNobel Q3 2013 Investor Presentation
AkzoNobel Q3 2013 Investor PresentationAkzoNobel N.V.
 
FLSmidth 2nd Quarter Report 2014
FLSmidth 2nd Quarter Report 2014FLSmidth 2nd Quarter Report 2014
FLSmidth 2nd Quarter Report 2014FLSmidth & Co. A/S.
 
AkzoNobel Q2 2014 Media presentation
AkzoNobel Q2 2014 Media presentationAkzoNobel Q2 2014 Media presentation
AkzoNobel Q2 2014 Media presentationAkzoNobel
 
Conference Call Fiscal Year 2016 - preliminary figures
Conference Call Fiscal Year 2016 - preliminary figuresConference Call Fiscal Year 2016 - preliminary figures
Conference Call Fiscal Year 2016 - preliminary figuresDürr
 
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2018
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2018Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2018
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2018Deutsche EuroShop AG
 
Ahlstrom-Munksjö presentation Q3 2017
Ahlstrom-Munksjö presentation Q3 2017Ahlstrom-Munksjö presentation Q3 2017
Ahlstrom-Munksjö presentation Q3 2017Ahlstrom-Munksjö
 
FLSmidth Annual Report 2014 presentation
FLSmidth Annual Report 2014 presentationFLSmidth Annual Report 2014 presentation
FLSmidth Annual Report 2014 presentationFLSmidth & Co. A/S.
 
Dürr IR Presentation
Dürr IR PresentationDürr IR Presentation
Dürr IR PresentationDürr
 
AkzoNobel Investor Update Q1 2014 results
AkzoNobel Investor Update Q1 2014 resultsAkzoNobel Investor Update Q1 2014 results
AkzoNobel Investor Update Q1 2014 resultsAkzoNobel
 
Dürr AG: Conference Call preliminary figures 2013
Dürr AG: Conference Call preliminary figures 2013Dürr AG: Conference Call preliminary figures 2013
Dürr AG: Conference Call preliminary figures 2013Dürr
 
Dürr AG Conference Call H1 / Q2 2016
Dürr AG Conference Call H1 / Q2 2016 Dürr AG Conference Call H1 / Q2 2016
Dürr AG Conference Call H1 / Q2 2016 Dürr
 

What's hot (19)

Elringklinger - Conference Call Q1 2014 Presentation
Elringklinger - Conference Call Q1 2014 Presentation Elringklinger - Conference Call Q1 2014 Presentation
Elringklinger - Conference Call Q1 2014 Presentation
 
AkzoNobel - Progress towards leading performance
AkzoNobel - Progress towards leading performanceAkzoNobel - Progress towards leading performance
AkzoNobel - Progress towards leading performance
 
Valmet's Interim Review January-September 2014
Valmet's Interim Review January-September 2014Valmet's Interim Review January-September 2014
Valmet's Interim Review January-September 2014
 
Valmet Financial Statements Review 2014
Valmet Financial Statements Review 2014Valmet Financial Statements Review 2014
Valmet Financial Statements Review 2014
 
Ahlstrom Q2/2016 interim report
Ahlstrom Q2/2016 interim reportAhlstrom Q2/2016 interim report
Ahlstrom Q2/2016 interim report
 
Enea 2014 H1
Enea 2014 H1Enea 2014 H1
Enea 2014 H1
 
FLSmidth Annual Report 2013
FLSmidth Annual Report 2013FLSmidth Annual Report 2013
FLSmidth Annual Report 2013
 
Dürr AG Conference Call Q1 2015
Dürr AG Conference Call Q1 2015Dürr AG Conference Call Q1 2015
Dürr AG Conference Call Q1 2015
 
AkzoNobel Q3 2013 Investor Presentation
AkzoNobel Q3 2013 Investor PresentationAkzoNobel Q3 2013 Investor Presentation
AkzoNobel Q3 2013 Investor Presentation
 
FLSmidth 2nd Quarter Report 2014
FLSmidth 2nd Quarter Report 2014FLSmidth 2nd Quarter Report 2014
FLSmidth 2nd Quarter Report 2014
 
AkzoNobel Q2 2014 Media presentation
AkzoNobel Q2 2014 Media presentationAkzoNobel Q2 2014 Media presentation
AkzoNobel Q2 2014 Media presentation
 
Conference Call Fiscal Year 2016 - preliminary figures
Conference Call Fiscal Year 2016 - preliminary figuresConference Call Fiscal Year 2016 - preliminary figures
Conference Call Fiscal Year 2016 - preliminary figures
 
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2018
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2018Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2018
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2018
 
Ahlstrom-Munksjö presentation Q3 2017
Ahlstrom-Munksjö presentation Q3 2017Ahlstrom-Munksjö presentation Q3 2017
Ahlstrom-Munksjö presentation Q3 2017
 
FLSmidth Annual Report 2014 presentation
FLSmidth Annual Report 2014 presentationFLSmidth Annual Report 2014 presentation
FLSmidth Annual Report 2014 presentation
 
Dürr IR Presentation
Dürr IR PresentationDürr IR Presentation
Dürr IR Presentation
 
AkzoNobel Investor Update Q1 2014 results
AkzoNobel Investor Update Q1 2014 resultsAkzoNobel Investor Update Q1 2014 results
AkzoNobel Investor Update Q1 2014 results
 
Dürr AG: Conference Call preliminary figures 2013
Dürr AG: Conference Call preliminary figures 2013Dürr AG: Conference Call preliminary figures 2013
Dürr AG: Conference Call preliminary figures 2013
 
Dürr AG Conference Call H1 / Q2 2016
Dürr AG Conference Call H1 / Q2 2016 Dürr AG Conference Call H1 / Q2 2016
Dürr AG Conference Call H1 / Q2 2016
 

Viewers also liked

Conociendo a Bart Simpson
Conociendo a Bart SimpsonConociendo a Bart Simpson
Conociendo a Bart Simpsonnewage89
 
Chapter 5 class-vi- what books and burial tell us bkb
Chapter   5 class-vi- what books and burial tell us bkbChapter   5 class-vi- what books and burial tell us bkb
Chapter 5 class-vi- what books and burial tell us bkbbinoda007
 
Reproductor De Windows
Reproductor De WindowsReproductor De Windows
Reproductor De Windowsmdsjca
 
Módulo 4. curaduría y compartición de contenidos
Módulo 4.  curaduría y compartición de contenidosMódulo 4.  curaduría y compartición de contenidos
Módulo 4. curaduría y compartición de contenidosMDCH
 
Alimentos precocinados e industriales
Alimentos precocinados e industrialesAlimentos precocinados e industriales
Alimentos precocinados e industrialesaulasaludable
 
Bua marketing social media explained mii nw
Bua marketing social media explained mii nwBua marketing social media explained mii nw
Bua marketing social media explained mii nwBua Marketing
 
Capítulo iii. competencia de arquimed
Capítulo iii. competencia de arquimedCapítulo iii. competencia de arquimed
Capítulo iii. competencia de arquimednicolasmunozvera
 
90 munazrae ahlesunnatwithahlebidat_text
90 munazrae ahlesunnatwithahlebidat_text90 munazrae ahlesunnatwithahlebidat_text
90 munazrae ahlesunnatwithahlebidat_textidara-e-dosti
 
Magic Media Overview
Magic Media OverviewMagic Media Overview
Magic Media OverviewFootfallCam
 
Capacidad de orientación david agudo trabajo informatica
Capacidad de orientación david agudo  trabajo informaticaCapacidad de orientación david agudo  trabajo informatica
Capacidad de orientación david agudo trabajo informaticadavidagudo1997
 
Jeep Brochure and Specs from Ancira Chrysler Jeep Dodge
Jeep Brochure and Specs from Ancira Chrysler Jeep DodgeJeep Brochure and Specs from Ancira Chrysler Jeep Dodge
Jeep Brochure and Specs from Ancira Chrysler Jeep DodgeAncira Auto Group
 
Carteles cinematográficos en la era de los 50´s en México
Carteles cinematográficos en la era de los 50´s en MéxicoCarteles cinematográficos en la era de los 50´s en México
Carteles cinematográficos en la era de los 50´s en MéxicoIvan Valenzuela
 
Joel Jacobson (Datastax) - Diagnosing Cassandra Problems in Production
Joel Jacobson (Datastax) - Diagnosing Cassandra Problems in ProductionJoel Jacobson (Datastax) - Diagnosing Cassandra Problems in Production
Joel Jacobson (Datastax) - Diagnosing Cassandra Problems in ProductionOutlyer
 

Viewers also liked (20)

Conociendo a Bart Simpson
Conociendo a Bart SimpsonConociendo a Bart Simpson
Conociendo a Bart Simpson
 
Chapter 5 class-vi- what books and burial tell us bkb
Chapter   5 class-vi- what books and burial tell us bkbChapter   5 class-vi- what books and burial tell us bkb
Chapter 5 class-vi- what books and burial tell us bkb
 
Self Esteem issues in coaching
Self Esteem issues in coachingSelf Esteem issues in coaching
Self Esteem issues in coaching
 
Reproductor De Windows
Reproductor De WindowsReproductor De Windows
Reproductor De Windows
 
Módulo 4. curaduría y compartición de contenidos
Módulo 4.  curaduría y compartición de contenidosMódulo 4.  curaduría y compartición de contenidos
Módulo 4. curaduría y compartición de contenidos
 
Alimentos precocinados e industriales
Alimentos precocinados e industrialesAlimentos precocinados e industriales
Alimentos precocinados e industriales
 
Bazar del Conocimiento
Bazar del ConocimientoBazar del Conocimiento
Bazar del Conocimiento
 
Bua marketing social media explained mii nw
Bua marketing social media explained mii nwBua marketing social media explained mii nw
Bua marketing social media explained mii nw
 
Capítulo iii. competencia de arquimed
Capítulo iii. competencia de arquimedCapítulo iii. competencia de arquimed
Capítulo iii. competencia de arquimed
 
90 munazrae ahlesunnatwithahlebidat_text
90 munazrae ahlesunnatwithahlebidat_text90 munazrae ahlesunnatwithahlebidat_text
90 munazrae ahlesunnatwithahlebidat_text
 
Magic Media Overview
Magic Media OverviewMagic Media Overview
Magic Media Overview
 
Edge002
Edge002Edge002
Edge002
 
Ritmoson latino
Ritmoson latinoRitmoson latino
Ritmoson latino
 
[DE] Langzeitarchivierung von Daten und Datenbanken: Aufbewahrung zwischen Co...
[DE] Langzeitarchivierung von Daten und Datenbanken: Aufbewahrung zwischen Co...[DE] Langzeitarchivierung von Daten und Datenbanken: Aufbewahrung zwischen Co...
[DE] Langzeitarchivierung von Daten und Datenbanken: Aufbewahrung zwischen Co...
 
Capacidad de orientación david agudo trabajo informatica
Capacidad de orientación david agudo  trabajo informaticaCapacidad de orientación david agudo  trabajo informatica
Capacidad de orientación david agudo trabajo informatica
 
17021551 acertijos
17021551 acertijos17021551 acertijos
17021551 acertijos
 
Jeep Brochure and Specs from Ancira Chrysler Jeep Dodge
Jeep Brochure and Specs from Ancira Chrysler Jeep DodgeJeep Brochure and Specs from Ancira Chrysler Jeep Dodge
Jeep Brochure and Specs from Ancira Chrysler Jeep Dodge
 
Carteles cinematográficos en la era de los 50´s en México
Carteles cinematográficos en la era de los 50´s en MéxicoCarteles cinematográficos en la era de los 50´s en México
Carteles cinematográficos en la era de los 50´s en México
 
Joel Jacobson (Datastax) - Diagnosing Cassandra Problems in Production
Joel Jacobson (Datastax) - Diagnosing Cassandra Problems in ProductionJoel Jacobson (Datastax) - Diagnosing Cassandra Problems in Production
Joel Jacobson (Datastax) - Diagnosing Cassandra Problems in Production
 
La tardor.
La tardor.La tardor.
La tardor.
 

Similar to Group Presentation March 2014

Bucher 2012 Group Presentation
Bucher 2012 Group PresentationBucher 2012 Group Presentation
Bucher 2012 Group PresentationCompany Spotlight
 
u-blox slide deck - full year 2014 financials
u-blox slide deck - full year 2014 financialsu-blox slide deck - full year 2014 financials
u-blox slide deck - full year 2014 financialsLudovic Privat
 
Palfinger 2013 Interim Presentation
Palfinger 2013 Interim PresentationPalfinger 2013 Interim Presentation
Palfinger 2013 Interim PresentationCompany Spotlight
 
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2015
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2015Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2015
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2015Deutsche EuroShop AG
 
HeidelbergCement: Annual Results 2014
HeidelbergCement: Annual Results 2014HeidelbergCement: Annual Results 2014
HeidelbergCement: Annual Results 2014HeidelbergCement
 
Résultats Semestriels 2014 / 1st Half 2014 Results
Résultats Semestriels 2014 / 1st Half 2014 ResultsRésultats Semestriels 2014 / 1st Half 2014 Results
Résultats Semestriels 2014 / 1st Half 2014 ResultsEurazeo
 
Deutsche EuroShop - Conference Call Presentation - Preliminary Results FY 2015
Deutsche EuroShop - Conference Call Presentation - Preliminary Results FY 2015Deutsche EuroShop - Conference Call Presentation - Preliminary Results FY 2015
Deutsche EuroShop - Conference Call Presentation - Preliminary Results FY 2015Deutsche EuroShop AG
 
ACCIONA H1 2015 results
ACCIONA H1 2015 resultsACCIONA H1 2015 results
ACCIONA H1 2015 resultsacciona
 
Deutsche EuroShop - Conference Call Presentation - Interim Report H1 2014
Deutsche EuroShop - Conference Call Presentation - Interim Report H1 2014Deutsche EuroShop - Conference Call Presentation - Interim Report H1 2014
Deutsche EuroShop - Conference Call Presentation - Interim Report H1 2014Deutsche EuroShop AG
 
u-blox Presentation half year 2016_1_2
u-blox Presentation half year 2016_1_2u-blox Presentation half year 2016_1_2
u-blox Presentation half year 2016_1_2Ludovic Privat
 
SGS 2014 Half Year Results Presentation
SGS 2014 Half Year Results PresentationSGS 2014 Half Year Results Presentation
SGS 2014 Half Year Results PresentationSGS
 
u-blox Finnancial Presentation H1 2015
u-blox Finnancial Presentation H1 2015u-blox Finnancial Presentation H1 2015
u-blox Finnancial Presentation H1 2015Ludovic Privat
 
Jungheinrich- Analyst Conference Frankfurt am Main, March 27th 2014
Jungheinrich- Analyst Conference Frankfurt am Main, March 27th 2014Jungheinrich- Analyst Conference Frankfurt am Main, March 27th 2014
Jungheinrich- Analyst Conference Frankfurt am Main, March 27th 2014Company Spotlight
 
TomTom 2014 Q3 Financial results
TomTom 2014 Q3 Financial resultsTomTom 2014 Q3 Financial results
TomTom 2014 Q3 Financial resultsLudovic Privat
 
BME Financial Results 3Q 2014 presentation
BME Financial Results 3Q 2014 presentationBME Financial Results 3Q 2014 presentation
BME Financial Results 3Q 2014 presentationBMEGroup
 
Elring klingerq32015presentation
Elring klingerq32015presentationElring klingerq32015presentation
Elring klingerq32015presentationCompany Spotlight
 
Petercam Roadshow november 1995
Petercam Roadshow november 1995Petercam Roadshow november 1995
Petercam Roadshow november 1995AmplexorDemo
 

Similar to Group Presentation March 2014 (20)

Bucher 2012 Group Presentation
Bucher 2012 Group PresentationBucher 2012 Group Presentation
Bucher 2012 Group Presentation
 
CIR 1H 2014 Results
CIR 1H 2014 ResultsCIR 1H 2014 Results
CIR 1H 2014 Results
 
u-blox slide deck - full year 2014 financials
u-blox slide deck - full year 2014 financialsu-blox slide deck - full year 2014 financials
u-blox slide deck - full year 2014 financials
 
Palfinger 2013 Interim Presentation
Palfinger 2013 Interim PresentationPalfinger 2013 Interim Presentation
Palfinger 2013 Interim Presentation
 
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2015
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2015Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2015
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2015
 
HeidelbergCement: Annual Results 2014
HeidelbergCement: Annual Results 2014HeidelbergCement: Annual Results 2014
HeidelbergCement: Annual Results 2014
 
Résultats Semestriels 2014 / 1st Half 2014 Results
Résultats Semestriels 2014 / 1st Half 2014 ResultsRésultats Semestriels 2014 / 1st Half 2014 Results
Résultats Semestriels 2014 / 1st Half 2014 Results
 
Deutsche EuroShop - Conference Call Presentation - Preliminary Results FY 2015
Deutsche EuroShop - Conference Call Presentation - Preliminary Results FY 2015Deutsche EuroShop - Conference Call Presentation - Preliminary Results FY 2015
Deutsche EuroShop - Conference Call Presentation - Preliminary Results FY 2015
 
ACCIONA H1 2015 results
ACCIONA H1 2015 resultsACCIONA H1 2015 results
ACCIONA H1 2015 results
 
Deutsche EuroShop - Conference Call Presentation - Interim Report H1 2014
Deutsche EuroShop - Conference Call Presentation - Interim Report H1 2014Deutsche EuroShop - Conference Call Presentation - Interim Report H1 2014
Deutsche EuroShop - Conference Call Presentation - Interim Report H1 2014
 
9 m14 results
9 m14 results9 m14 results
9 m14 results
 
u-blox Presentation half year 2016_1_2
u-blox Presentation half year 2016_1_2u-blox Presentation half year 2016_1_2
u-blox Presentation half year 2016_1_2
 
SGS 2014 Half Year Results Presentation
SGS 2014 Half Year Results PresentationSGS 2014 Half Year Results Presentation
SGS 2014 Half Year Results Presentation
 
u-blox Finnancial Presentation H1 2015
u-blox Finnancial Presentation H1 2015u-blox Finnancial Presentation H1 2015
u-blox Finnancial Presentation H1 2015
 
Jungheinrich- Analyst Conference Frankfurt am Main, March 27th 2014
Jungheinrich- Analyst Conference Frankfurt am Main, March 27th 2014Jungheinrich- Analyst Conference Frankfurt am Main, March 27th 2014
Jungheinrich- Analyst Conference Frankfurt am Main, March 27th 2014
 
TomTom 2014 Q3 Financial results
TomTom 2014 Q3 Financial resultsTomTom 2014 Q3 Financial results
TomTom 2014 Q3 Financial results
 
BME Financial Results 3Q 2014 presentation
BME Financial Results 3Q 2014 presentationBME Financial Results 3Q 2014 presentation
BME Financial Results 3Q 2014 presentation
 
Elring klingerq32015presentation
Elring klingerq32015presentationElring klingerq32015presentation
Elring klingerq32015presentation
 
Palfinger hy 14
Palfinger hy 14Palfinger hy 14
Palfinger hy 14
 
Petercam Roadshow november 1995
Petercam Roadshow november 1995Petercam Roadshow november 1995
Petercam Roadshow november 1995
 

More from Company Spotlight

Presentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 Years
Presentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 YearsPresentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 Years
Presentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 YearsCompany Spotlight
 
Cypress Development Corp. Investor Presentation
Cypress Development Corp. Investor PresentationCypress Development Corp. Investor Presentation
Cypress Development Corp. Investor PresentationCompany Spotlight
 
Aben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate PresentationAben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate PresentationCompany Spotlight
 
Cypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate PresentationCypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate PresentationCompany Spotlight
 
Cypress Development Corp. Presentation
Cypress Development Corp. PresentationCypress Development Corp. Presentation
Cypress Development Corp. PresentationCompany Spotlight
 
Aben Resources Ltd. Presentation
Aben Resources Ltd. PresentationAben Resources Ltd. Presentation
Aben Resources Ltd. PresentationCompany Spotlight
 
Aben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate PresentationAben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate PresentationCompany Spotlight
 
Cypress Development Corp. Presentation
Cypress Development Corp. PresentationCypress Development Corp. Presentation
Cypress Development Corp. PresentationCompany Spotlight
 
Aben Resources Ltd. Presentation
Aben Resources Ltd. PresentationAben Resources Ltd. Presentation
Aben Resources Ltd. PresentationCompany Spotlight
 
Cypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate PresentationCypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate PresentationCompany Spotlight
 
TerraX Minerals - Corporate Presentation
TerraX Minerals - Corporate PresentationTerraX Minerals - Corporate Presentation
TerraX Minerals - Corporate PresentationCompany Spotlight
 
Aben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate PresentationAben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate PresentationCompany Spotlight
 
TerraX Minerals, Inc. Corporate Presentation
TerraX Minerals, Inc. Corporate PresentationTerraX Minerals, Inc. Corporate Presentation
TerraX Minerals, Inc. Corporate PresentationCompany Spotlight
 
Cypress Development Corp. Presentation
Cypress Development Corp. PresentationCypress Development Corp. Presentation
Cypress Development Corp. PresentationCompany Spotlight
 
Cypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate PresentationCypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate PresentationCompany Spotlight
 

More from Company Spotlight (20)

Presentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 Years
Presentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 YearsPresentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 Years
Presentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 Years
 
Aben resources presentation
Aben resources presentationAben resources presentation
Aben resources presentation
 
Aben Resources Ltd.
Aben Resources Ltd.Aben Resources Ltd.
Aben Resources Ltd.
 
Cypress Development Corp. Investor Presentation
Cypress Development Corp. Investor PresentationCypress Development Corp. Investor Presentation
Cypress Development Corp. Investor Presentation
 
Aben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate PresentationAben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate Presentation
 
Cypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate PresentationCypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate Presentation
 
Aben Resources Ltd.
Aben Resources Ltd.Aben Resources Ltd.
Aben Resources Ltd.
 
Cypress Development Corp. Presentation
Cypress Development Corp. PresentationCypress Development Corp. Presentation
Cypress Development Corp. Presentation
 
Aben Resources Ltd. Presentation
Aben Resources Ltd. PresentationAben Resources Ltd. Presentation
Aben Resources Ltd. Presentation
 
Aben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate PresentationAben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate Presentation
 
Cypress Development Corp. Presentation
Cypress Development Corp. PresentationCypress Development Corp. Presentation
Cypress Development Corp. Presentation
 
Aben Resources Ltd. Presentation
Aben Resources Ltd. PresentationAben Resources Ltd. Presentation
Aben Resources Ltd. Presentation
 
Cypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate PresentationCypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate Presentation
 
TerraX Minerals - Corporate Presentation
TerraX Minerals - Corporate PresentationTerraX Minerals - Corporate Presentation
TerraX Minerals - Corporate Presentation
 
Aben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate PresentationAben Resources Ltd. Corporate Presentation
Aben Resources Ltd. Corporate Presentation
 
Cypress Development Corp
Cypress Development CorpCypress Development Corp
Cypress Development Corp
 
TerraX Minerals, Inc. Corporate Presentation
TerraX Minerals, Inc. Corporate PresentationTerraX Minerals, Inc. Corporate Presentation
TerraX Minerals, Inc. Corporate Presentation
 
Cypress Development Corp. Presentation
Cypress Development Corp. PresentationCypress Development Corp. Presentation
Cypress Development Corp. Presentation
 
Cypress Development Corp
Cypress Development CorpCypress Development Corp
Cypress Development Corp
 
Cypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate PresentationCypress Development Corp. Corporate Presentation
Cypress Development Corp. Corporate Presentation
 

Recently uploaded

如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书
如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书
如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书Fis s
 
VIP 7001035870 Find & Meet Hyderabad Call Girls Shamirpet high-profile Call Girl
VIP 7001035870 Find & Meet Hyderabad Call Girls Shamirpet high-profile Call GirlVIP 7001035870 Find & Meet Hyderabad Call Girls Shamirpet high-profile Call Girl
VIP 7001035870 Find & Meet Hyderabad Call Girls Shamirpet high-profile Call Girladitipandeya
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024CollectiveMining1
 
OKC Thunder Reveal Game 2 Playoff T Shirts
OKC Thunder Reveal Game 2 Playoff T ShirtsOKC Thunder Reveal Game 2 Playoff T Shirts
OKC Thunder Reveal Game 2 Playoff T Shirtsrahman018755
 
VIP Call Girl Amritsar 7001035870 Enjoy Call Girls With Our Escorts
VIP Call Girl Amritsar 7001035870 Enjoy Call Girls With Our EscortsVIP Call Girl Amritsar 7001035870 Enjoy Call Girls With Our Escorts
VIP Call Girl Amritsar 7001035870 Enjoy Call Girls With Our Escortssonatiwari757
 
Short-, Mid-, and Long-term gxxoals.pptx
Short-, Mid-, and Long-term gxxoals.pptxShort-, Mid-, and Long-term gxxoals.pptx
Short-, Mid-, and Long-term gxxoals.pptxHenryBriggs2
 
VIP Kolkata Call Girl Entally 👉 8250192130 Available With Room
VIP Kolkata Call Girl Entally 👉 8250192130  Available With RoomVIP Kolkata Call Girl Entally 👉 8250192130  Available With Room
VIP Kolkata Call Girl Entally 👉 8250192130 Available With Roomdivyansh0kumar0
 
Russian Call Girls Kolkata Indira 🤌 8250192130 🚀 Vip Call Girls Kolkata
Russian Call Girls Kolkata Indira 🤌  8250192130 🚀 Vip Call Girls KolkataRussian Call Girls Kolkata Indira 🤌  8250192130 🚀 Vip Call Girls Kolkata
Russian Call Girls Kolkata Indira 🤌 8250192130 🚀 Vip Call Girls Kolkataanamikaraghav4
 
slideshare Call girls Noida Escorts 9999965857 henakhan
slideshare Call girls Noida Escorts 9999965857 henakhanslideshare Call girls Noida Escorts 9999965857 henakhan
slideshare Call girls Noida Escorts 9999965857 henakhanhanshkumar9870
 
Call Girls In Amritsar 💯Call Us 🔝 76967 34778🔝 💃 Independent Escort In Amritsar
Call Girls In Amritsar 💯Call Us 🔝 76967 34778🔝 💃 Independent Escort In AmritsarCall Girls In Amritsar 💯Call Us 🔝 76967 34778🔝 💃 Independent Escort In Amritsar
Call Girls In Amritsar 💯Call Us 🔝 76967 34778🔝 💃 Independent Escort In Amritsaronly4webmaster01
 
VIP Kolkata Call Girl Rishra 👉 8250192130 Available With Room
VIP Kolkata Call Girl Rishra 👉 8250192130  Available With RoomVIP Kolkata Call Girl Rishra 👉 8250192130  Available With Room
VIP Kolkata Call Girl Rishra 👉 8250192130 Available With Roomdivyansh0kumar0
 

Recently uploaded (20)

如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书
如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书
如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书
 
VIP 7001035870 Find & Meet Hyderabad Call Girls Shamirpet high-profile Call Girl
VIP 7001035870 Find & Meet Hyderabad Call Girls Shamirpet high-profile Call GirlVIP 7001035870 Find & Meet Hyderabad Call Girls Shamirpet high-profile Call Girl
VIP 7001035870 Find & Meet Hyderabad Call Girls Shamirpet high-profile Call Girl
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024
 
OKC Thunder Reveal Game 2 Playoff T Shirts
OKC Thunder Reveal Game 2 Playoff T ShirtsOKC Thunder Reveal Game 2 Playoff T Shirts
OKC Thunder Reveal Game 2 Playoff T Shirts
 
VIP Call Girl Amritsar 7001035870 Enjoy Call Girls With Our Escorts
VIP Call Girl Amritsar 7001035870 Enjoy Call Girls With Our EscortsVIP Call Girl Amritsar 7001035870 Enjoy Call Girls With Our Escorts
VIP Call Girl Amritsar 7001035870 Enjoy Call Girls With Our Escorts
 
Short-, Mid-, and Long-term gxxoals.pptx
Short-, Mid-, and Long-term gxxoals.pptxShort-, Mid-, and Long-term gxxoals.pptx
Short-, Mid-, and Long-term gxxoals.pptx
 
Call Girls Service Green Park @9999965857 Delhi 🫦 No Advance VVIP 🍎 SERVICE
Call Girls Service Green Park @9999965857 Delhi 🫦 No Advance  VVIP 🍎 SERVICECall Girls Service Green Park @9999965857 Delhi 🫦 No Advance  VVIP 🍎 SERVICE
Call Girls Service Green Park @9999965857 Delhi 🫦 No Advance VVIP 🍎 SERVICE
 
VIP Kolkata Call Girl Entally 👉 8250192130 Available With Room
VIP Kolkata Call Girl Entally 👉 8250192130  Available With RoomVIP Kolkata Call Girl Entally 👉 8250192130  Available With Room
VIP Kolkata Call Girl Entally 👉 8250192130 Available With Room
 
Russian Call Girls Kolkata Indira 🤌 8250192130 🚀 Vip Call Girls Kolkata
Russian Call Girls Kolkata Indira 🤌  8250192130 🚀 Vip Call Girls KolkataRussian Call Girls Kolkata Indira 🤌  8250192130 🚀 Vip Call Girls Kolkata
Russian Call Girls Kolkata Indira 🤌 8250192130 🚀 Vip Call Girls Kolkata
 
Model Call Girl in Udyog Vihar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Udyog Vihar Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Udyog Vihar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Udyog Vihar Delhi reach out to us at 🔝9953056974🔝
 
Call Girls 🫤 Mukherjee Nagar ➡️ 9999965857 ➡️ Delhi 🫦 Russian Escorts FULL ...
Call Girls 🫤 Mukherjee Nagar ➡️ 9999965857  ➡️ Delhi 🫦  Russian Escorts FULL ...Call Girls 🫤 Mukherjee Nagar ➡️ 9999965857  ➡️ Delhi 🫦  Russian Escorts FULL ...
Call Girls 🫤 Mukherjee Nagar ➡️ 9999965857 ➡️ Delhi 🫦 Russian Escorts FULL ...
 
slideshare Call girls Noida Escorts 9999965857 henakhan
slideshare Call girls Noida Escorts 9999965857 henakhanslideshare Call girls Noida Escorts 9999965857 henakhan
slideshare Call girls Noida Escorts 9999965857 henakhan
 
@9999965857 🫦 Sexy Desi Call Girls Karol Bagh 💓 High Profile Escorts Delhi 🫶
@9999965857 🫦 Sexy Desi Call Girls Karol Bagh 💓 High Profile Escorts Delhi 🫶@9999965857 🫦 Sexy Desi Call Girls Karol Bagh 💓 High Profile Escorts Delhi 🫶
@9999965857 🫦 Sexy Desi Call Girls Karol Bagh 💓 High Profile Escorts Delhi 🫶
 
Vip Call Girls Vasant Kunj ➡️ Delhi ➡️ 9999965857 No Advance 24HRS Live
Vip Call Girls Vasant Kunj ➡️ Delhi ➡️ 9999965857 No Advance 24HRS LiveVip Call Girls Vasant Kunj ➡️ Delhi ➡️ 9999965857 No Advance 24HRS Live
Vip Call Girls Vasant Kunj ➡️ Delhi ➡️ 9999965857 No Advance 24HRS Live
 
@9999965857 🫦 Sexy Desi Call Girls Vaishali 💓 High Profile Escorts Delhi 🫶
@9999965857 🫦 Sexy Desi Call Girls Vaishali 💓 High Profile Escorts Delhi 🫶@9999965857 🫦 Sexy Desi Call Girls Vaishali 💓 High Profile Escorts Delhi 🫶
@9999965857 🫦 Sexy Desi Call Girls Vaishali 💓 High Profile Escorts Delhi 🫶
 
Call Girls In Amritsar 💯Call Us 🔝 76967 34778🔝 💃 Independent Escort In Amritsar
Call Girls In Amritsar 💯Call Us 🔝 76967 34778🔝 💃 Independent Escort In AmritsarCall Girls In Amritsar 💯Call Us 🔝 76967 34778🔝 💃 Independent Escort In Amritsar
Call Girls In Amritsar 💯Call Us 🔝 76967 34778🔝 💃 Independent Escort In Amritsar
 
Rohini Sector 17 Call Girls Delhi 9999965857 @Sabina Saikh No Advance
Rohini Sector 17 Call Girls Delhi 9999965857 @Sabina Saikh No AdvanceRohini Sector 17 Call Girls Delhi 9999965857 @Sabina Saikh No Advance
Rohini Sector 17 Call Girls Delhi 9999965857 @Sabina Saikh No Advance
 
Call Girls 🫤 East Of Kailash ➡️ 9999965857 ➡️ Delhi 🫦 Russian Escorts FULL ...
Call Girls 🫤 East Of Kailash ➡️ 9999965857  ➡️ Delhi 🫦  Russian Escorts FULL ...Call Girls 🫤 East Of Kailash ➡️ 9999965857  ➡️ Delhi 🫦  Russian Escorts FULL ...
Call Girls 🫤 East Of Kailash ➡️ 9999965857 ➡️ Delhi 🫦 Russian Escorts FULL ...
 
VIP Kolkata Call Girl Rishra 👉 8250192130 Available With Room
VIP Kolkata Call Girl Rishra 👉 8250192130  Available With RoomVIP Kolkata Call Girl Rishra 👉 8250192130  Available With Room
VIP Kolkata Call Girl Rishra 👉 8250192130 Available With Room
 
Call Girls In Vasant Kunj 📱 9999965857 🤩 Delhi 🫦 HOT AND SEXY VVIP 🍎 SERVICE
Call Girls In Vasant Kunj 📱  9999965857  🤩 Delhi 🫦 HOT AND SEXY VVIP 🍎 SERVICECall Girls In Vasant Kunj 📱  9999965857  🤩 Delhi 🫦 HOT AND SEXY VVIP 🍎 SERVICE
Call Girls In Vasant Kunj 📱 9999965857 🤩 Delhi 🫦 HOT AND SEXY VVIP 🍎 SERVICE
 

Group Presentation March 2014

  • 2. Bucher – since 1807 2 Kuhn Group Agricultural machinery Bucher Municipal Municipal vehicles Bucher Hydraulics Hydraulic systems Bucher Emhart Glass Glass container industry Bucher Specials Individual businesses • Tillage • Seeding • Fertilisation • Spraying • Landscape maintenance • Hay and forage harvesting • Compact and truck-mounted sweepers • Refuse collection vehicles • Salt spreaders • Snow plough •Mobile and industrial hydraulics • Pumps •Motors • Valves • Cylinders • Elevator drives • Glass-forming machinery • Inspection machinery • Transport and handling systems • Integrated systems • Equipment for processing wine, fruit juice, instant products, and for dewatering sewage sludge • Swiss distributorship for agricultural machinery • Control and auto-mation technology Sales: CHF 1 300 million Employees: 4 700 Sales: CHF 400 million Employees: 1 500 Sales: CHF 450 million Employees: 2 000 Sales: CHF 350 million Employees: 1 900 Sales: CHF 250 million Employees: 800 March 2014 - Group Presentation
  • 3. Number 1 market positions Kuhn Group worldwide in forage harvesting machinery and feed mixers Bucher Municipal in Europe in sweepers Bucher Hydraulics in Europe in special segments of mobile hydraulics Bucher Emhart Glass worldwide in glass container manufacturing equipment Bucher Specials worldwide in fruit juice and wine production equipment March 2014 - Group Presentation 3
  • 4. Main manufacturing sites worldwide March 2014 - Group Presentation 4 Total 5 continents 40 sites
  • 5. Group strategy • Increase in company value (RONOA > WACC) • Diversified group focused on mechanical and vehicle engineering • Strengthening of existing operating segments – Continuous product innovation – Operational efficiency with flexible structures – Internal growth and targeted acquisitions • Clear, central functions – Strategy and operations reviews – Treasury, Controlling, Tax, Legal, M&A, Investments, Communication – Management and remuneration systems • Solid balance sheet for long-term industrial independence March 2014 - Group Presentation 5
  • 6. March 2014 - Group Presentation 6 EBIT margin 2009 2010 2011 20121) 2013 targets Kuhn Group 7.53) 9.2 11.3 12.5 14.9 11 Bucher Municipal 3.9 7.3 7.0 9.3 8.6 8 Bucher Hydraulics 4.33) 9.9 8.7 9.0 9.4 11 Bucher Emhart Glass 4.0 1.22) 4.5 0.32) 4.8 9 Bucher Specials 5.3 4.6 6.1 8.1 10.0 9 Bucher Industries 5.23) 7.4 8.1 8.9 10.7 9 Group, divisions and independent businesses RONOA after tax 11.43) 12.4 17.0 17.0 19.3 >16 Medium-term earnings targets 3) Before impairment changes 2) After restructuring costs of CHF 9 million in 2012 and CHF 5 million in 2010 1) 2012: retrospective restatement owing to first application of IAS 19 (revised)
  • 7. Group at a glance • Favourable market environment – Good conditions at high level for agricultural machinery – Low but stable demand for municipal vehicles – Upturn in demand and sales growth through acquisitions at Bucher Hydraulics and Bucher Specials – Subdued first half, picking up in second half in glass-forming machinery – Good market conditions in fruit juice processing equipment • Entry into automation technology through takeover of Jetter AG by public offering; at year-end Bucher held 77.35% of the equity • Best result in the company’s history – EBIT margin of 10.7% – Profit for the year of CHF 196 million – Earnings per share increase by 27% to CHF 19.64 March 2014 - Group Presentation 7
  • 8. Group at a glance (continued) • Continuity in investments – CHF 137 million for internal growth – CHF 63 million for acquisitions at Bucher Hydraulics and Bucher Specials • Solid financial situation – Operating free cash flow of CHF 92 million – Zero net debt at the end of 2013 – Increase in equity ratio from 39% to 44% – Great financial scope for internal and external growth March 2014 - Group Presentation 8
  • 9. Net sales by division and region 2013 CHF 2 691 million Kuhn Group 48% Bucher Municipal 14% Bucher Hydraulics 17% Bucher Emhart Glass 13% Bucher Specials 8% Europe 57% Switzerland 5% Americas 24% Asia 9% Other 5% March 2014 - Group Presentation 9
  • 10. Numer of employees by region 2013 Total 10 916 employees1) Europe 55% Switzerland 9% Americas 21% Asia 12% Other 3% 1) Expressed as full time equivalents March 2014 - Group Presentation 10
  • 11. Key figures CHF million Change in 2013 2012 % %2) %3) Order Intake 2 718 2 490 9.1 9.0 6.6 Net sales 2 691 2 609 3.1 3.0 0.8 Order book 850 795 6.9 6.5 3.3 Operating profit (EBITDA)1) as % of net sales 371 13.8 307 11.8 20.9 Operating profit (EBIT)1) as % of net sales 287 10.7 232 8.9 23.9 Profit for the year1) as % of net sales 196 7.3 156 6.0 25.8 Employees at 31 December 10 916 10 166 7.4 2.1 Average employees during year 10 788 10 383 3.9 0.7 2) Adjusted for currency effects 3) Adjusted for currency, acquisition and disposal effects 1) 2012: retrospective restatement owing to first application of IAS 19 (revised) March 2014 - Group Presentation 11
  • 12. Investing in the future CHF million 2013 2012 Change in % Development costs 91 81 12.0 Capital expenditure 137 96 41.6 Acquisitions (cash flow) 55 3 n.a. March 2014 - Group Presentation 12
  • 13. Results by division CHF million 2013 20121) EBIT EBIT margin EBIT EBIT margin Kuhn Group 191 14.9% 153 12.5% Bucher Municipal 33 8.6% 39 9.3% Bucher Hydraulics 42 9.4% 37 9.0% Bucher Emhart Glass 17 4.8% 1 0.3% Bucher Specials 24 10.0% 17 8.1% Other/consolidation -20 -15 Bucher Industries 287 10.7% 232 8.9% 1) 2012: retrospective restatement owing to first application of IAS 19 (revised) March 2014 - Group Presentation 13
  • 14. 2609 2691 2336 2034 2142 10788 10383 9380 7618 7639 0 2000 4000 6000 8000 10000 12000 0 600 1200 1800 2400 3000 3600 2009 2010 2011 2012 2013 Net sales Average number of employees during year Net sales and number of employees C HF m Employees1) 1) Expressed as full time equivalents March 2014 - Group Presentation 14
  • 15. 2609 2691 2336 2034 2142 2789 2459 196 156 127 98 -24 145 171 371 307 260 224 190 342 286 287 232 190 151 26 229 246 -60 0 60 120 180 240 300 360 420 -500 0 500 1000 1500 2000 2500 3000 3500 2007 2008 2009 2010 2011 2012 2013 Net sales Profit for the year EBITDA EBIT Net sales and results CHF m results CHF m net sales 1) 2012: retrospective restatement owing to first application of IAS 19 (revised) 1) 1) March 2014 - Group Presentation 15
  • 16. Net operating assets (NOA) und RONOA after tax 1061 970 849 828 1114 891 687 39.4 37.2 35.4 41.8 52.0 31.9 27.9 19.3 17.0 17.0 12.4 1.5 18.5 23.8 0 10 20 30 40 50 60 0 200 400 600 800 1000 1200 2007 2008 2009 2010 2011 2012 2013 Net operating assets (4q-average) as % of net sales RONOA CHF m 1) 2012: retrospective restatement owing to first application of IAS 19 (revised) % March 2014 - Group Presentation 16
  • 17. Shareholders’ equity and return on equity 1074 890 814 748 793 873 846 20.0 18.3 16.3 12.7 -3 16.9 21.4 -5 0 5 10 15 20 25 30 -200 0 200 400 600 800 1000 1200 2007 2008 2009 2010 2011 2012 2013 Shareholder's equity Return on equity CHF m 1) 2012: retrospective restatement owing to first application of IAS 19 (revised) Impairment charges: 2008 CHF 39 million, 2009 CHF 86 million % 1) March 2014 - Group Presentation 17
  • 18. Operating free cash flow and investments Cash flow from operating activities CHF m 183 202 55 105 92 56 58 117 95 132 239 260 172 200 224 0 50 100 150 200 250 300 2009 2010 2011 2012 2013 Operating free cash flow Investments (net) Cash flow from operating activites March 2014 - Group Presentation 18
  • 19. Net cash/debt and free cash flow 0 -165 -19 -209 -72 19 -118 206 -144 199 -137 -75 181 1 -210 -140 -70 0 70 140 210 -210 -140 -70 0 70 140 210 2009 2010 2011 1. HY 2012 2. HY 2012 1. HY 2013 2. HY 2013 Net cash/debt Free cash flow CHF m net cash/debt CHF m free cash flow March 2014 - Group Presentation 19
  • 20. Total assets and equity 2125 1985 2248 2259 2436 793 748 814 890 1074 0 500 1000 1500 2000 2500 2009 2010 2011 2012 2013 Total assets Equity 44% 1) 2012: retrospective restatement owing to first application of IAS 19 (revised) 37% 38% 36% 39% CHF m 1) March 2014 - Group Presentation 20
  • 21. Shareholders’ equity / Intangible assets 793 748 814 890 1074 165 135 60 53 174 75 159 73 181 80 0 200 400 600 800 1000 1200 2009 2010 2011 2012 2013 Shareholders' equity Intangible assets Thereof goodwill 1) 2012: retrospective restatement owing to first application of IAS 19 (revised) CHF m 1) March 2014 - Group Presentation 21
  • 22. Group outlook for 2014 • No significant change in economic environment anticipated • Confident mood in market segments served by Bucher Industries – Agricultural machinery: subdued demand at very high level – Municipal vehicles: stable outlook – Demand for hydraulic systems and glass-forming machinery on a par with previous year – Bucher Specials expects buoyant demand to continue, boosted by acquisition of Jetter automation technology – For Group overall, slight increase in sales and moderate decrease in profitability compared with record figures in 2013 March 2014 - Group Presentation 22
  • 23. Kuhn Group Specialised agricultural machinery 23 Ploughing Seeding Fertilisation Manure spreaders Spraying Landscape maintenance Bedding and feeding Hay and forage Feed storage harvesting Tillage March 2014 - Group Presentation
  • 24. 1286 1222 1026 851 948 191 153 116 78 71 0 50 100 150 200 250 0 300 600 900 1200 1500 2009 2010 2011 2012 2013 Nettoumsatz EBIT 1) Before impairment charges 2) 2012: retrospective restatement owing to first application of IAS 19 (revised) Kuhn Group Net sales and EBIT C HF m CHF m 1) 2) March 2014 - Group Presentation
  • 25. Kuhn Group Net sales and number of employees 2013 Net sales Number of employees CHF 1 286 million 4 699 employees1) Europe 62% Americas 32% Asia 4% Other 2% France 54% North America 21% Brazil 11% Netherlands 8% Other 6% 1) Expressed as full time equivalents March 2014 - Group Presentation 25
  • 26. Kuhn Group Market position • World’s leading manufacturer of specialised tractor-related agricultural machinery under one brand • Use of several distribution networks reduces dependence and increases potential for high market share • Broad customer base and independence from large customers • Specialist in hay and forage harvesting machinery, tillage machinery, seed drills, sprayers, feed mixers • Market share: up to 30% or more worldwide depending on the product family • Main competitors: Kverneland (NO), Krone (DE), Claas (DE), Pöttinger (AT), Amazone (DE) and other German, French and Italian manufacturers March 2014 - Group Presentation 26
  • 27. Kuhn Group Complete product range under one brand March 2014 - Group Presentation 27 Competitors Hay and forage Hedge Feed Tillage equipment Seeders Sprea- Spray- Trac- Harvesters mow-ers tedders rakes balers cutters mixers driven non-driven drilling precision ders ers tors selfpropelled Kuhn Group John Deere CNH AGCO Claas Renault Krone Amazone Pöttinger Kubota/KVE Gallignani Kubota Exel / Hardi Lemken Horsch Väderstad Kongskilde Lely/Welder Sulky Monosem
  • 28. Market in % Farm tractors 29% Harvesting machinery 16% Hay and forage machinery 6% Tillage 6% Planting and seeding, crop protection, fertilizing machinery 10% Other farm equipment machinery, attach-ments and parts 33% Kuhn Group World farm equipment market March 2014 - Group Presentation 28
  • 29. Kuhn Group World regional farm equipment market 29 Europe 33% North America 26% China 20% Central and South America 7% India 8% Japan 2% Other 4% March 2014 - Group Presentation
  • 30. Kuhn Group 2013 highlights • Positive market trend – Despite downward trend, prices for agricultural produce remained at a high level in long-term comparison – Investment confidence among farmers remained high – Delay in growth cycle in springtime, later recovering to large extent • Successful integration of acquired companies strengthens market position and profitability • Excellent profitability thanks to various operational factors • Preliminary contract in 2014 for acquisition of Montana, Brazil, specialists in self-propelled crop sprayers, and fertilising equipment • High investments in infrastructure, growth and customer training March 2014 - Group Presentation 30
  • 31. Kuhn Group Planned acquisition of Montana, Brazil • Family company in Curitiba, Brazil, with subsidiary in Argentina • Key figures: – Sales 2013: BRL 225 million (CHF 96 million) – Two-digit EBITDA margin – 600 employees • Main products (85% of sales): – Self-propelled crop sprayers – Self-propelled fertilising spreaders • Complementary dealer network, primarily large scale farms March 2014 - Group Presentation 31
  • 32. Montana 32 Self-propelled crop sprayers Self-propelled fertilising equipment Manufacturing site in Curitiba, Brasilien March 2014 - Group Presentation
  • 33. Kuhn Group Outlook for 2014 • Long-term prospects still good • Market environment still positive, but rather subdued demand – Favourable income situation for farmers continuing, but slightly lower year on year – Main markets: America positive overall, Western Europe with lower demand – Normal level of dealer inventories • Planned acquisition of Montana, Brazil, strengthens market position – Self-propelled crop sprayers and fertilising equipment complement product range, particularly the large seeders – Access to large agricultural enterprises and strengthening of dealer network – Completion expected in first half of year • Sales on a par with previous year and slightly lower profitability after record margin in previous year March 2014 - Group Presentation 33
  • 34. Bucher Municipal Sweepers and winter maintenance equipment 34 Compact sweepers Truck-mounted sweepers Spreaders Refuse collection vehicles March 2014 - Group Presentation
  • 35. 383 424 387 373 380 33 39 27 26 25 0 10 20 30 40 50 60 0 100 200 300 400 500 600 2009 2010 2011 2012 2013 Net sales EBIT 1) Before restructuring costs 2) 2012: retrospective restatement owing to first application of IAS 19 (revised) Bucher Municipal Net sales and EBIT C HF m CHF m 1) 2) March 2014 - Group Presentation 35
  • 36. Bucher Municipal Net sales and number of employees 2013 Net sales Number of employees CHF 383 million 1 523 employees1) Europe 62% Switzerland 5% Australia 23% Asia 5% Americas 4% Other 1% UK 31% Australia 17% Switzerland 14% Latvia 12% Italy 9% Germany 6% Denmark 5% Other 6% 1) Expressed as full time equivalents March 2014 - Group Presentation 36
  • 37. Bucher Municipal Market position • Market leader in Europe and Australia • Market shares: Europe Australia – Compact sweepers: 22% 48% – Truck-mounted sweepers: 56% 77% – Refuse collection vehicles: --- 50% – Winter maintenance equipment: 28% --- • Complete product line for municipal applications in Europe • Main competitors: Aebi-Schmidt (DE), Ravo (NL)*, Scarab (UK)*, Hako (DE), Boschung (CH), Faun (DE) and Elgin (USA) * Fayat Group Mar ch 2014 - Group Presentation 37
  • 38. Bucher Municipal Complete product range 38 Competitors Sweepers Specialised range Spreaders 1m3 2m3 4m3 5m3 6m3 8m3 mounted towed Bucher Municipal Aebi-Schmidt (DE) Boschung (CH) Hako (DE) Faun (DE) Fayat Group (FR) * Elgin (USA) Dulevo (DE) Brock (DE) Tennant (USA) Epoke (DK) Acometis (FR) * Ravo, Scarab, Mathieu March 2014 - Group Presentation
  • 39. Bucher Municipal 2013 highlights • Overall stable demand on a low level in Europe – Increase in order intake, particularly in Western Europe and Australia – Follow-up order worth CHF 19 million from the city of Moscow thanks to excellent handling of major order in 2012 – First, still tentative signs of recovery in Southern Europe • Successful merger of production plants in Great Britain and Australia strengthens competitiveness • Innovation project for emission-free compact sweepers progressing on schedule • Sale of profitable auxiliary business with hand-driers in Australia, with book profit of CHF 4 million • Good operating performance with gratifying level of profitability March 2014 - Group Presentation 39
  • 40. Bucher Municipal Outlook 2014 • Stable market volume, 30% down on record year of 2008 – Flexible adjustment of volumes after completion of major order from city of Moscow in 2012 – First tentative signs of recovery in Southern Europe – Follow-up order from city of Moscow in previous year, ensures good start to 2014 • Start of production in Kaluga, Russia, with local manufacture of spreaders • Sales and operating profit on a par with previous year • Sales and operating profit, adjusted for the gain of 4 million on disposal of the business with hand-driers, on a par with the previous year March 2014 - Group Presentation 40
  • 41. Bucher Hydraulics Customised drive systems 41 Materials handling High-voltage switch gear Construction equipment Elevator Dyna-Lift technology Marine/offshore Agricultural Industry machinery Mining / tunnelling Municipal vehicles Energy technology Lift gates March 2014 - Group Presentation
  • 42. 453 399 407 371 320 42 37 35 37 14 0 10 20 30 40 50 60 0 100 200 300 400 500 2009 2010 2011 2012 2013 Net sales EBIT Bucher Hydraulics Net sales and EBIT C HF m CHF m 1) 2) 1) Before impairment charges 2) 2012: retrospective restatement owing to first application of IAS 19 (revised) March 2014 - Group Presentation 42
  • 43. Bucher Hydraulics Net sales and number of employees 2013 Net sales Number of employees CHF 453 million 1 984 employees1) Europe 64% Switzerland 4% Americas 25% Asia 7% Germany 39% Switzerland 23% North America 16% Italy 9% Asia 8% Brazil 3% Other 2% 1) Expressed as full time equivalents March 2014 - Group Presentation 43
  • 44. Bucher Hydraulics Market position • Leading specialist in mobile, industrial and elevator hydraulics across Europe • Presence built up in the USA and Brazil • Market share: 10% to 20% across Europe in specialised areas of hydraulic engineering • Focus on customised drive solutions • Main competitors: Bosch-Rexroth (DE), Sauer Danfoss (USA), Parker Hannifin (USA), Eaton Vickers (USA), Hydac (DE), Hawe (DE), Husco (USA), Denison (USA), and a large number of further German and Italian manufacturers March 2014 - Group Presentation 44
  • 45. Bucher Hydraulics Complete product range 45 Pumps Valves Motors & cylinders Accessories Power packs Competitors Pis-ton Vane Gear Indu-strial (Cetop) Ser-vo Direc-tional-spool Car-tridge Mani-folds Spe-cial Gear Pis-ton Cylin-ders Elec-tro-nics Accu-mulat-ors Fil-ters Other Com-pact Con-trac-ting Bucher Hydraulics Parker (USA) Eaton (USA) Rexroth (DE) Sauer Danfoss (DE) Hydac (DE) HAWE (DE) Brevini Group (IT) Walvoil (IT) Argo-Hytos (DE) Moog (USA) Concentric (SE) Husco (USA) Sun Hydraulics (USA) Hydraforce (USA) March 2014 - Group Presentation
  • 46. 50 60 70 80 90 100 110 120 130 140 150 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 Hydraulics Engineering Bucher Hydraulics Bucher Hydraulics 46 Sales index Growth per market segment (2010 = 100) Source: VDMA March 2014 - Group Presentation
  • 47. Bucher Hydraulics 2013 highlights • Varied market environment – Western Europe: market positive in mobile machinery, weakening in construction machinery and industrial hydraulics – USA: good level of demand sustained, preparation for series production in 2014 for globally active customers – China: government reins in construction activity • Smooth integration of acquisition Ölhydraulik Altenerding, Germany, with synergies in second half of year • Entry into the Brazilian market through takeover of Eco Sistemas Hydráulica, Porto Alegre • Good operating performance with increase in sales, operating profit and EBIT margin March 2014 - Group Presentation 47
  • 48. Bucher Hydraulics Outlook for 2014 • Uncertainties about economic situation – Developments in Germany decisive for hydraulics sales in Europe – Rest of Europe, particularly France and Italy, planning difficult – Continuation of good level of demand expected in USA • Start of series production in Europe and North America underpins sales development • Recovery in China in the second half of the year could give additional impetus • Development of new platform in Brazil offers short- and medium-term growth opportunities • Slight increase in sales and further improvement in operating profit expected March 2014 - Group Presentation 48
  • 49. Bucher Emhart Glass Glass container manufacturing equipment 49 Lehr Forehearth Furnace Lehr Palletizing Inspection Gob forming Ware handling Forming machine Glass container manufacturing process Gob forming Glass-forming machine Ware handling Inspection March 2014 - Group Presentation
  • 50. 347 367 345 259 304 17 10 15 8 12 0 10 20 30 40 50 0 100 200 300 400 500 2009 2010 2011 2012 2013 Net sales EBIT Bucher Emhart Glass Net sales and EBIT C HF m CHF m 1) 2) 1) Before restructuring costs 2) 2012: retrospective restatement owing to first application of IAS 19 (revised) 1) March 2014 - Group Presentation 50
  • 51. Bucher Emhart Glass Net sales and number of employees 2013 Net sales Number of employees CHF 347 m 1 864 employees1) Europe 38% Asia 36% Americas 19% Africa 6% Other 1% China 56% Sweden 15% Americas 13% Malaysia 7% Switzerland 4% Other 5% 1) Expressed as full time equivalents March 2014 - Group Presentation 51
  • 52. Bucher Emhart Glass Market position • World’s leading supplier of machinery, equipment and services for glass container manufacturers • Market share: 50% worldwide for glass forming machines and services; 25% worldwide for inspection systems • Global partnership with Owens-Illinois (USA), the world’s biggest manufacturer of glass containers • Main competitors: Verallia (FR), Bottero (IT), BDF (IT), Heye International (DE) for glass-forming machinery; Tiama (FR), Iris (FR) for inspection machinery March 2014 - Group Presentation 52
  • 53. Bucher Emhart Glass World’s leading machinery manufacturer 53 Hot End Cold End IS forming machine Competitors Refrac-tory Fore-hearth Feeder & shear NIS BIS AIS IS Ware handling Lehr Inspec-tion Palle-tizing Wrap-ping Emhart Glass Sanjin Bottero (IT) Heye (DE) Sklostroj (CZ) GPS (DE) BDF (IT) O-I (USA) China competitors MSC & SGCC (FR) PSR (UK) March 2014 - Group Presentation
  • 54. Bucher Emhart Glass Glass consumption per capita March 2014 - Group Presentation 54
  • 55. 1. May 2013 Finalisation of installation of hard glass production line at Pöchlarn 2. June 2013 Start of first production trials 3. Following months Continuous improvements on tempering lehr and hard glass equipment 4. October 2013 First stable production run of 0.33l bottle über län Functional production line installed at Vetropack Pöchlarn, Austria, since mid 2013 March 2014 - Group Presentation 55 Bucher Emhart Glass
  • 56. Bucher Emhart Glass 56 Internal Pressure (bar) Samples Burst pressure after 25 filling line trips March 2014 - Group Presentation Typical result - Hardglass bottles with significant strength increase over annealed bottles 0 5 10 15 20 25 30 35 40 45 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 200g Annealed 200g Hardglass 300g Annealed
  • 57. Bucher Emhart Glass Milestones until full market launch of first bottle March 2014 - Group Presentation 57 March 2015: Full market launch of 0.33l and 1.0l bottle with advertisement and promotion 2013 2014 Nov Dec Jan Feb Mrz Apr Mai Jun Jul Aug Sep Okt Nov Dec Process Optimization Installation Qualification 15'000 Process validation 50'000 Qua-rantine 10'000 filling & internal consumption test 50'000 production Quarantine Filling & pre-market test/launch 50'000 per month
  • 58. Bucher Emhart Glass 2013 highlights • Marked project-related fluctuations in capacity utilisation • Varied market development – Demand trend hesitant in first half and then positive in second half – Stable in Europe and America – Fewer major projects, particularly in Asia – Slump in demand in China • First commercial tempered glass system to Vetropack started operations at end of year • Realignment of capacities and leverage of worldwide presence – Expansion of capacity in USA and Europe – Expanded capacity in Malaysia came on stream ahead of plan – Start of component sourcing from division’s own plants in Malaysia and China – Completion of project expected by end of 2015/ beginning of 2016 • Worldwide cooperation agreement with Owens-Illinois came into force in September March 2014 - Group Presentation 58
  • 59. Bucher Emhart Glass Outlook for 2014 • Market environment expected to be comparable with previous year – Continuation of good level of demand in USA – Recovery in Europe – Stable spare part and service business – Persistent weakness of Asian markets, especially in China • Control systems, spare parts and new machines for Owens-Illinois could provide growth momentum • Savings arising from the realignment project improve profitability • Modest increase in sales and further improvement in operating profit March 2014 - Group Presentation 59
  • 60. Bucher Specials 60 Agricultural distributorship in Switzerland Winemaking equipment Automation technology and control systems Fruit juice processing systems and drying equipment March 2014 - Group Presentation
  • 61. 244 201 206 188 187 24 17 12 9 10 0 5 10 15 20 25 30 35 0 50 100 150 200 250 300 2009 2010 2011 2012 2013 Net sales EBIT Bucher Specials Net sales and EBIT C HF m CHF m 1) 1) 2012: retrospective restatement owing to first application of IAS 19 (revised) March 2014 - Group Presentation 61
  • 62. Bucher Specials Net sales and number of employees 2013 Net sales Number of employees CHF 244 m 785 employees1) Europe 44% Switzerland 37% Americas 10% Asia 7% Other 2% France 37% Germany 29% Switzerland 27% Chile 3% Italy 2% Other 2% 1) Expressed as full time equivalents March 2014 - Group Presentation 62
  • 63. Bucher Vaslin Market position • World market leader in winemaking equipment • Strong global distributor network • Specialised production facilities in France and Chile • Market share: 35% to 45% worldwide • Main competitors: Pera (FR), Della Toffola (IT), Diemme (IT), and further Italian and German manufacturers March 2014 - Group Presentation 63
  • 64. Bucher Vaslin World market leader 64 Wine production Competitors Reception Crushing Pressing Fermentation Filtration Filling Bucher Vaslin Velo (IT) Diemme (IT) Della/Toffola (IT) Gai (IT) B a n k r u p t c y i n 2 0 1 3 March 2014 - Group Presentation
  • 65. -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% 35% 0 5 10 15 20 25 30 35 40 45 50 USA France Italy Spain Germany Austria Greece Portugal Switzerland Russia* China * million hl CAGR 2006 2007 2008 2009 2010 2011 prov. 2012 FC 2013 CAGR 06 - 13F -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% 35% 0 5 10 15 20 25 30 35 40 45 50 Argentina Chile Brazil South Africa Australia New Zealand million hl CAGR Bucher Vaslin Wine production 65 Source: OIV, SAWIS Northern hemisphere Southern hemisphere * CAGR 06 - 11 March 2014 - Group Presentation
  • 66. Bucher Unipektin Market position • World market leader in fruit, berry and vegetable juice processing equipment • Market share: 35% to 50% worldwide • Entry into beer filtration market with Bucher Filtrox Systems • Established product range for dewatering of municipal sewage and industrial sludges • Main competitors: Flottweg (DE), GEA (DE), Alfa Laval (SE) und Andritz (AT) March 2014 - Group Presentation 66
  • 67. Bucher Unipektin World market leader 67 Juice production Competitors Reception Milling Mash heating Dejuicing Pasteuri-zation Filtration Adsorp-tion Evapo-ration Bucher Unipektin Flottweg (DE) Bauer & Partners (PL) GEA Group (DE) Alfa Laval (SE) Schmidt-Bretten (DE) Bellmer (DE) Kaimi (CN) March 2014 - Group Presentation
  • 68. Bucher Unipektin Apple production 68 0 10 20 30 40 50 60 70 80 90 2000 2002 2004 2006 2008 2010 2012 million tonnes Others South America North America South Europe Western Europe East Europe Southern Asia East Asia March 2014 - Group Presentation
  • 69. Bucher Landtechnik Market position (in Switzerland) • Distributorship of tractors and agricultural machinery • Well established among farmers and distributors • Professional distributor network and high quality of service • Wide range of tractors (New Holland, Case, Steyr), attachments (Kuhn) and wheel loaders (Weidemann) • Market share: 20% to 30% • Main competitors – Tractors: John Deere, AGCO, SDF, Claas – Attachments: Pöttinger, Kverneland, Amazone, Lemken, Rabe, Krone, Fella March 2014 - Group Presentation 69
  • 70. 70 Competitors Hay and forage Hedge Feed Tillage equipment Seeders Sprea- Spray- Trac- Harvesters Wheel- Mowers Tedders Rakes Balers cutters mixers driven non-driven drilling precision ders ers tors self - propelled loaders Bucher Landtechnik Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn Kuhn CNH Weide-mann Matra (John Deere) GVS (AGCO) Krone Krone Krone Krone Rabe Rabe Rabe Rabe Fendt / MF/ Valtra Fendt / MF / Krone Bichon Serco (Claas) InTrac Ott Landmaschinen Kv Kv Kv Kv Kv Amazone Kv Amazone Kv Amazone Kv Amazone Kv Amazone Rauch / Kv Amazone Kv Pöttinger CH Fella CH Grunderco Rousseau CNH Lemken CH Bucher Landtechnik Market leader in Switzerland March 2014 - Group Presentation
  • 71. Bucher Specials Jetter - Market entry into automation technology 71 Industrial automation Mobile automation - Glass container production - Window manufacturing - Filling systems - Packaging systems - Assembly / handling systems - Agricultural machinery - Municipal vehicles March 2014 - Group Presentation
  • 72. Bucher Specials 2013 highlights • Stable market environment overall – Upturn in demand for winemaking equipment – Positive performance in equipment for fruit juice processing, dewatering sewage sludge and beer filtration – Sales of equipment for dewatering sewage sludge exceeded CHF 10 million for the first time – Buoyant market for the Swiss distributorship for agricultural machinery – Contribution to sales from automation technology not yet significant; consolidated as of November • Operational improvements through streamlining in administrative area and investments in logistics • Gratifying rise in sales and operating profit March 2014 - Group Presentation 72
  • 73. Bucher Specials Outlook for 2014 • Market outlook – Upturn in winemaking equipment – Stabilization on high level in fruit juice processing equipment – Increase in projects for dewatering sewage sludge and beer filtration – Swiss distributorship for agricultural machinery on a par with the very high level of the previous year – Strong sales growth through consolidation of Jetter automation technology, with above-average profitability • Bucher Specials expects strong growth in sales and operating profit at the same range as the previous year March 2014 - Group Presentation 73