Investor Presentation - GF Corporation - Georg Fischer
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GF Corporation Investor Presentation June 2019
GF Corporation
Pioneering industrial technology for more than 200 years
1802 1864 1897 1921
GF Corporate GF Piping Systems GF Casting Solutions GF Machining Solutions
Georg Fischer First Piping Systems First Automotive Part First Machinery
founded in Schaffhausen product As of 1900 GF develops wheels GF acquires the Machine Factory
made of cast steel Rauschenbach for agricultural
malleable iron fitting for trucks and cars machinery
2 Investor Presentation | June 2019
GF Corporation
Today GF stays at the frontier of new technologies …
Sales 2018 CHF 4.6 billion, EBIT CHF
382 million and 15'047 employees
1
Our core strength lies in applying state
46%
of the art industrial technologies GF Piping
Systems
We specialize in developing tailored
solutions to meet the needs of our
customers 1 1
27% 27%
We operate in markets with high
technology, complex processes and GF Casting GF Machining
certification requirements Solutions Solutions
3 Investor Presentation | June 2019 1: pro-forma 2018 sales structure after divestment of Singen and Mettmann operations
GF Corporation
… with a worldwide presence …
Americas Europe Asia
6 production sites 23 production sites
28 production sites
14 sales sites 20 sales sites
39 sales sites
Australia / New Zealand
3 sales sites
Present in 33 countries with 140 companies – 57 of them production sites
4 Investor Presentation | June 2019
GF Corporation
… having an impact on every day life
6am 7am 9am 2pm 8pm
5 Investor Presentation | June 2019
GF Corporation
Key figures 2018
Sales CHF 4.6b Sales CHF 1.8b GF PS EBIT CHF / ROS %
+ 10% nom. + 9% nom. EBIT 382m
+ 7% org. + 8% org. ROS 8.4%
Sales CHF 1.7b GF CS Sales CHF 1.1b GF MS ROIC
+ 14% nom. + 8% nom. 22.4%
+ 5% org. + 5% org.
6 Investor Presentation | June 2019
Global mega trends provide growth opportunities for GF… 7 Investor Presentation | June 2019
GF Corporation
Growing population and urbanization drive need for piping
systems
12 68%
Growing global 11 Speed of 30%
55%
2050
population 10
9
urbanization 1950
2018
12%
8
7
6
In 2050 2/3 of the world population will live in cities
5
11 Billion 4
3
people by 2100 2
1
1400 1600 1800 2000
Source: Biraben 1980; McEvedy & Jones 1978; UN World Pop. Prosp. 2012; combined by Gapminder Source: Statista 2019 and United Nations, World Urbanization Prospects: The 2018 Revision.
8 Investor Presentation | June 2019
GF Corporation
Increased regulation drive demand for lighter components
Increased
environmental Clean water supply
regulation
CO2-regulations EU 60g/km
For passenger cars +
by 2030
trucks
by 2021 3.60
More than 33% of
(95g/km) 4.10 the world’s drinking
by 2025 2.62 water is lost due to
(81g/km) 3.24
leakages
by 2030 1.95
(60g/km) 2.40
Diesel Fuel
$14B annual
revenue lost
Source: ICCT Policy Update January 2019 & www.vcd.org Source: Miya & The World Bank with Clean Edge analysis
9 Investor Presentation | June 2019
GF Corporation
Digitalization increase need for precision
Digitalization and
miniaturization
Growing worldwide
smartphone
penetration
In over 50 countries
66% of all people Increasing demand for data centers
have a smartphone Global IP traffic will increase
(2016: 58%) threefold over the next 5 years –
Source: Zenith Mobile Avertising Forecast
CAGR 26% over 2017-2022
Source: Cisco Visual Networking. Index Forecast and Trends 2017-2022
10 Investor Presentation | June 2019GF Corporation
Strategy 2020 – Pursue profitable expansion …
Widen presence in growth markets, adapt portfolio & footprint in Europe Objectives
Shift divisions’ portfolio to higher margin businesses
ROIC 20-24%
Anchor Design Thinking / Value Selling in GF’s culture
ROS 9-10%
Annual
Growth 3-5%
11 Investor Presentation | June 2019GF Corporation
… with a strong focus on sustainability
GF Piping Systems GF Casting Solutions GF Machining Solutions
UN sustainable
development goals
Safe & hygienic Reduction of CO2- Energy-efficiency
transport of water emission through through state-of-the
lightweight design & art machines
materials
based on…
Ethical business conduct
Being a responsible employer
Care for environment
12 Investor Presentation | June 2019GF Piping Systems 13 Investor Presentation | June 2019
GF Corporation
GF Piping Systems
We are a leading supplier of piping
systems made of plastics and metal
We focus on system solutions and high-
quality components for the safe
transport of water, chemicals and gases
Our product portfolio of fittings, valves,
pipes, automation, and jointing Industrial waste water plant
technologies covers all applications of
the water cycle Diminishing water quality of earth’s rivers and lakes –
GF Piping Systems helps preserving them with
high grade equipment
14 Investor Presentation | June 2019GF Piping Systems
Partnering with our customers …
Industry Utility Building Technology
15 Investor Presentation | June 2019GF Piping Systems
… to conserve water and avoid contamination
through safe and secure piping systems …
Hycleen Automation System Latest actuator generation
16 Investor Presentation | June 2019GF Piping Systems
… matching our customers needs by investing in
regional production capacity …
Yangzhou
Shanghai
Footprint 25,000 sqm
CHF 28 million investment
Start of operation end 2020
New Yangzhou plant: pipe, fittings and instrumentation for Industrial and Building Technology applications
17 Investor Presentation | June 2019GF Piping Systems
… making your flow sustainable
6 CLEAN WATER 9 INDUSTRY, INNOVATION
AND SANITATION AND INFRASTRUCTURE
GF Piping Systems
strive to:
Making your flow
more sustainable
11 SUSTAINABLE CITIES 12 RESP. CONSUMPTION 13 CLIMATE
AND COMMUNITIES AND PRODUCTION ACTION
18 Investor Presentation | June 2019GF Casting Solutions 19 Investor Presentation | June 2019
GF Casting Solutions
GF Casting Solutions
We are a technologically pioneering
development partner and manufacturer of
cast and additive components for the global
automotive industry, aerospace and
energy markets, off-highway vehicles and
for industrial applications
Our highly complex lightweight
components are produced using state of
the art manufacturing technologies – from
the development to the ready-to-mount
solution
Outlet Guide Vane
20 Investor Presentation | June 2019GF Casting Solutions
Partnering with leading manufacturers worldwide …
Aerospace /
Passenger Cars Industrial Applications
Industrial Gas Turbines
21 Investor Presentation | June 2019GF Casting Solutions
… and focusing on new manufacturing technologies
in the aerospace sector
AMotion Center
Additive Manufacturing in Motion: From concept to serial production
Turbine Rear Vane: 48h print-job,
500x500x500 GFMS/3DS DMP
Factory500
22 Investor Presentation | June 2019GF Casting Solutions
New investments in light metal castings in growth
markets …
New tool shop in Expansion & construction of
Suzhou, China magnesium module 1B at our
JV plant GF Linamar, USA
23 Investor Presentation | June 2019GF Casting Solutions
… leading to lower CO2-emissions worldwide by
providing light weight components
7 AFFORDABLE AND CLEAN 8 DECENT WORK AND
ENERGY ECONOMIC GROWTH
GF Casting
Solutions strives to:
make mobility
more sustainable
9 INDUSTRY, INNOVATION AND 12 RESPONSIBLE 13 CLIMATE ACTION
INFRASTRUCTURE CONSUMPTION AND
PRODUCTION
24 Investor Presentation | June 2019GF Machining Solutions 25 Investor Presentation | June 2019
GF Machining Solutions
GF Machining Solutions
We are one of the world’s leading providers of
complete solutions to the tool and mold making
industry and to manufacturers of precision
components
Our portfolio includes milling, wire-cutting and die-
sinking EDM machines
We offer spindles, laser texturing, additive
manufacturing, tooling and automation as well as
digitalization solutions and customer services
Our key customer segments are the aerospace,
ICT, medical and automotive industries
All-screen phone camera gearbox
26 Investor Presentation | June 2019GF Machining Solutions
We offer our customers …
ICT Medical Aerospace
27 Investor Presentation | June 2019GF Machining Solutions
… solutions applying the latest technology to their precision
needs …
DMP500 assembly in Losone, Switzerland ML10 machine in the US
28 Investor Presentation | June 2019GF Machining Solutions
… and focusing on operational excellence in our
facilities …
New milling plant in Changzhou, China New innovation and production center in Biel, Switzerland
29 Investor Presentation | June 2019GF Machining Solutions
… to address energy efficiency
4 QUALITY EDUCATION 7 AFFORDABLE AND CLEAN 13 CLIMATE ACTION
GF Machining ENERGY
Solutions strives to:
Making high-
precision machines
highly energy
efficient
4 QUALITY EDUCATION 9 INDUSTRY, INNOVATION AND 12 RESPONSIBLE
INFRASTRUCTURE CONSUMPTION AND
PRODUCTION
30 Investor Presentation | June 2019GF in short … 31 Investor Presentation | June 2019
GF Corporation
GF's investment proposition
Strategy focused on higher value businesses
- widening presence in growth markets and adaption of portfolio in Europe supported
by addressing new market segments
Products and services addressing demand of global mega trends
- global mega trends with direct business impact in all three divisions
Industry-leading technology provider with more than 200 years of industrial know-how
- well balanced geographical presence with a Swiss quality brand and technology with worldwide
local production
Focus on helping our customers for their sustainable business
- creating value to society and contributing to a sustainable development
Focus on long-term value creation and return on capital employed
- value generation for our shareholders and other stakeholders
32 Investor Presentation | June 2019Thank you for your attention
Disclaimer This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for, purchase or sell any investment. Neither it nor anything it contains shall form the basis of any contract whatsoever. Opinions expressed herein reflect the current judgement of the management of GF. The presentation contains forward-looking statements that involve risks and uncertainties. The actual results of GF may differ materially from those anticipated in these forward-looking statements and forecasts as a result of a number of factors. The management of GF does not accept any liability whatsoever with respect to the use of this presentation. 34 Investor Presentation | June 2019
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