Surface Solutions Segment Analyst Day 2014

90 Pages·2014·7.18 MB·German

by  Herzog, Yvonne

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The Metco transaction in the
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context of the Group strategy
Eisenach, November 6, 2014
Dr. Brice Koch, CEO Oerlikon Group
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Agenda
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1 Current status
2 Roadmap for the Segments
3 Positioning of the Group
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The Oerlikon Group has undergone a major
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transformation in the past three years
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Manmade Drive Advanced
Textile Vacuum Coating Solar
Fibers Systems Technologies
Segment Segment Segment Segment
Segment Segment Segment
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The Oerlikon Group has undergone a major
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transformation in the past three years
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Surface Manmade Drive Advanced
Vacuum
Solutions Fibers Systems Technologies
Segment
Segment Segment Segment Segment
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Additional structural measures:
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 Carding and Melco business sold (former Textile Segment)
 Footprint optimization in Drive Systems Segment
 Rox acquisition (regrinding business) in Surface Solutions Segment
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Today’s structure and performance is the
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result of...
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Streamlining of portfolio
 Divestment of non-operating assets
 Reduction of cyclicality, volatility and complexity
Operational & financial restructuring
 Reduction of break even costs
 Operational excellence initiatives to sustainably increase profitability
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Repositioning of balance sheet
 Syndicated credit line and three Swiss bonds
 Unleveraged balance sheet to maintain financial flexibility
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Investment in organic and inorganic growth
 Disciplined use of cash and balance sheet capacity as premise for all actions
 Metco as first major transaction in the context of strengthening around core competencies
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Agenda
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1 Current status
2 Roadmap for the Segments
3 Positioning of the Group
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Roadmap for Manmade Fibers Segment
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Challenge
 Approaching end of the current
5-year plan (FYP) in China
 Orders normalizing after the peak levels
in 2013
Opportunities
 Increased installed base
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content of 13th Chinese FYP*:
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– Chemical fibers (high- and new-tech fibers)
– Develop substitutions for natural fibers
– Industrial textile proportion in textile industry
to exceed 30 % (25 % in 12th FYP)

Areas of action
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 Increase service/ after sales business
 Leverage regions outside China
 Expand value chain around core
competencies
 Accelerate innovations
source 8,0 * Source: EAC International Consulting: „Early Indications on China‘s 13th Five Year Plan“ 8,0 source
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Roadmap for Drive Systems Segment
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Challenge
 End market performance
(agriculture, mining, gas fracking)
 Operational performance
Opportunities
 Hybridization and E-Drives
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in 2015 to address local demand
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Areas of action
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 Streamline organization (integration)
 Further reduce cost base
 Focus product portfolio
 Increase value added
 Leverage global footprint
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Roadmap for Vacuum Segment
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Challenge
 End market development
(i.e. process industry)
 Profitability
 Scale/ volume
Opportunities
 High-tech applications for vacuum
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 New applications in new industries
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Areas of action
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 Innovation
 Operational excellence
 Service and distribution network
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Roadmap for Advanced Technologies
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Segment
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Challenge
 Strong market consolidation
 Adoption of new technologies
(nanotechnology)
Opportunities
 Internet of things
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Areas of action
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 Innovation
 Cost discipline
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