Media & Analyst Conference 2021 - March 5, 2021 - Schweiter technologies
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Media & Analyst Conference 2021
1
© Allega GmbH
March 5, 2021
Media & Analyst Conference 2021
MEDIA & ANALYST CONFERENCE 2021
Content
2
1 Welcome and Introduction
2 Results 2020
3 Sustainability
4 Strategic Focus
5 Outlook
6 Appendix / Divisional information
Media & Analyst Conference 2021
1 WELCOME & INTRODUCTION
Schweiter at a Glance
3
SCHWEITER TECHNOLOGIES IS A GLOBAL GROUP, MANUFACTURING AND COMMERCIALIZING COMPOSITE
PANELS AND COMPOSITE SOLUTIONS
Key Figures 2020 Portfolio Strategy & Goals
Focus on innovation,
$€ ~ 1.2 bn CHF sales Development, manufacturing and sale of
customer centricity and
• Aluminum composite panels value creation as key
> 175m CHF EBITDA success factor
• Core materials for sandwich
structures
Global presence in • Plastic sheets and lightweight Strengthen the current
more than 50 countries foamboards positions through
organic growth and
Equity ratio ~70% • integrated lightweight systems strategic acquisitions
concentrating on the segments
Dividend proposal: Promote lean structures
40 CHF per share
• Display and direct lines of
communication
• Architecture
• Core Materials
• Transport & Industry
Media & Analyst Conference 2021
1 WELCOME & INTRODUCTION
18 successful transactions since 1998
4
ACQUISITIONS
2000 2004 2005 2008 2009 2012 2015 2017 2018 2020
DIVESTMENTS
Media & Analyst Conference 2021
MEDIA & ANALYST CONFERENCE 2021
Content
5
1 Welcome and Introduction
2 Results 2020
3 Sustainability
4 Strategic Focus
5 Outlook
6 Appendix / Divisional information
Media & Analyst Conference 2021
2 RESULTS 2020
Highlights 2020
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2% >15% 158m
Organic sales growth EBITDA margin Operating Cash Flow
Despite COVID-19 impact, high
net sales of approx. 1.2 bn CHF EBITDA of approx. 176m CHF > 51% increase in operating
maintained represents all-time high cash flow vs. 2019
Significant growth of top & EBITDA increase of +43% ~73% increase in
bottom line in Core Materials vs. prior year net income
Extraordinary high demand in Approx. 5%-points EBITDA Cash balance of ~164m CHF
clear sheet business margin improvement vs. PY
Sound performance of EBIT increase of +61% vs. Dividend proposal of CHF 40
Architecture in the US prior year per share
Media & Analyst Conference 2021
2 RESULTS 2020
Group Results
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H1 H2 Total Total
%
in m CHF 2020 2020 2020 2019
Net sales 559.5 600.7 1'160.2 1'179.6 -2%
EBITDA 67.9 107.8 175.7 123.1 43%
in % of net sales 12.1% 17.9% 15.1% 10.4%
EBIT 49.3 88.3 137.6 85.2 61%
Net income 35.3 68.2 103.5 60.0 73%
Employees (end of period) 1) 4'444 4'364 4'364 4'185 4%
1) of which 1392 employees (2019: 1235 employees) in balsa wood plantations and sawmills in
Ecuador and Papua New Guinea
Media & Analyst Conference 2021
2 RESULTS 2020
Revenue Breakdown 2020
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Transport & Industry Other Europe
11% 1%
Architecture
15% 64%
RoW
1 160 m
2%
1 160 m
CHF by CHF by
16% region
segment 49%
24%
Asia
Core Materials 18%
Display
Americas
Media & Analyst Conference 2021
2 RESULTS 2020
3A Composites Results
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• Despite unprecedented COVID-19 pandemic challenges, Core Materials continued high
growth momentum of 2019. Double-digit sales growth and above-average increased
profitability driven by strong Balsa demand from wind customers in all regions with the
most pronounced growth in China. US marine market picking up since Q2/2020.
• Overall strong performance in Display. Exceptionally high demand for clear sheet
products as COVID-19 protective walls in Europe compensating for significant shortfall in
‘traditional’ display applications such as advertising, trade fairs and interior fittings.
Flexible capacity adjustments and low raw material notations resulting in over
proportional improvement in profitability.
• Continued growth of US Architecture revenues and earnings following a strong prior year.
European and Asian Architecture business below previous year with large country-
specific differences due to different COVID-19 lockdown measures.
• After the most successful year to date, Transport & Industry business recorded a double-
digit sales decline linked to the collapse of the market for lightweight bus components
since Q2/2020 as well as postponed orders in the Rail segment. Decent profitability due
to timely adjustment of capacities and strict cost management.
Media & Analyst Conference 2021
2 RESULTS 2020
Strong Balance Sheet
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164
Cash position 164m CHF 116
108 266
Cash 233 Other
210
Practically no short & long 153 158 148
Other Loans
term bank liabilities 38 30 2
127 125
Shareholders‘ Equity Goodwill 129
738m CHF = CHF 515 per
share
Equity ratio 67% 738 751 Equity
728
590 605
Net assets 573
67 % 69 % 72 % Equity %
mCHF
2018 2019 2020 2020 2019 2018
Media & Analyst Conference 20212 RESULTS 2020
Cash Development
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Operating Cash Flow
Cash position of 164m CHF
+158m CHF
Significantly improved
38 15 5
operating cash flow
(> +51% vs. 2019) 104 (4)
(7)
(37)
6
(57)
37m CHF CAPEX spending mCHF (11) (4)
to support growth
164
116
Dividend payment
of 57m CHF
Media & Analyst Conference 2021MEDIA & ANALYST CONFERENCE 2020
Content
12
1 Welcome and Introduction
2 Results 2020
3 Sustainability
4 Strategic Focus
5 Outlook
6 Appendix / Divisional information
Media & Analyst Conference 20213 SUSTAINABILITY
Main pillars of our sustainability strategy
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Protection of human Sustainable and Protection of the Compliance with
health and the efficient use of cultural heritage of local legislation, rules
environment at all resources communities in the and regulations and
Schweiter sites across the entire countries and the internal
production cycle regions in which the Schweiter provisions
company operates (Code of Conduct)
Media & Analyst Conference 20213 SUSTAINABILITY
Our impact – recent achievements
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100% >24%
electricity from less waste
hydropower vs. 2019
~13’000 ha -78%
FSC®- certified lower elec-
plantations tricity con-
sumption
In Ecuador and Papua At our site in Ecuador, At our Core Materials At our Display pro-
New Guinea (PNG), we electricity consumption site in the US, the duction sites in the US,
cultivate around 13’000 now comes 100% from annual electricity con- the amount of waste
hectares of FSC®- hydropower. sumption has been delivered to landfills
certified plantations, reduced by ~78% since was reduced by 24%-
most of which are In both Ecuador and 2019 by implementing 33% vs. 2019:
planted with balsa PNG, sawdust produced a new LED lighting - Old pallets recycled and
trees. during production is system. reused by local pallet
In November 2020 our manufacturer
used as fuel for its own
Ecuadorian forestry site drying furnaces. - Increasing paper recycl-
successfully passed the ing and reduced scrap-
annual FSC® review. ping material
- More efficient separat-
ion of recyclables.
Media & Analyst Conference 20213 SUSTAINABILITY
Our impact – external assessments
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Our assessment and recognition by independent sustainability experts increases market
transparency and provides important feedback on how well we are implementing our
sustainability strategy:
Forest management & Building certification International Stock
Sustainable development (Architecture) Standardization market
DIN EN ISO 9001 – Schweiter Technologies is part
Quality management of the two SPI ESG indices for
shares on the Six Swiss Stock
DIN EN ISO 14001 –
Exchange.
Environmental management
These cover the sustainability
DIN EN ISO 45001 –
criteria Environment, Social
Occupational health and
and Governance.
safety management
DIN EN ISO 50001 –
Energy management
ISO TS 16949 – Automotive
Quality management
IRIS ISO/TS 22163 –
Quality management
Media & Analyst Conference 2021
(Rail sector)MEDIA & ANALYST CONFERENCE 2021
Content
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1 Welcome and Introduction
2 Results 2020
3 Sustainability
4 Strategic Focus
5 Outlook
6 Appendix / Divisional information
Media & Analyst Conference 20214 STRATEGIC FOCUS
Strategic Focus
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• General strategy considerations:
• Invest in attractive industrial activities with growth potential
• Apply proven concepts of innovation management, supply chain management,
direct marketing/sales organization and lean structures
• Grow Composite business organically as well as by acquisitions
• Empower acquired companies to support the Composite business model
• Attractive dividend considering not only the amount of planned investments but
also the desired ratio of self-financing to external financing
Media & Analyst Conference 2021MEDIA & ANALYST CONFERENCE 2021
Content
18
1 Welcome and Introduction
2 Results 2020
3 Sustainability
4 Strategic Focus
5 Outlook
6 Appendix / Divisional information
Media & Analyst Conference 20215 OUTLOOK
Outlook 2021
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• Solid performance of Display business expected. Gradual revival of retail trade and
thus increasing sales for advertising and shop design cushioning the normalization
of demand for clear sheet products.
• The integration of the foam board business acquired in H2/2020 will strengthen
the US Display business and make a positive contribution to revenues and earnings.
• Architecture business expected to benefit from catch-up on delayed projects as
well as from projects already initiated in 2020. However, possible temporary
stagnation in the US in H2 due to temporary reduction of new construction
projects in 2020 having a time lag on the facade market.
• Core Materials benefitting from continued high demand in the wind energy market
segment and growth possibilities in non-wind areas. Reduced sales prices expected
in China due to changes in market conditions and increasing competition.
• Challenging year for Transport & Industry business expected with continued weak
market for buses but more robust demand for rail vehicles.
• The current outlook does not include the effects of a possible renewed significant
tightening of lockdown measures in connection with the COVID-19 pandemic.
Media & Analyst Conference 202120
APPENDIX
DIVISIONAL
INFORMATION
Media & Analyst Conference 20216 DIVISION INFORMATION
3A Composites
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The global
market leader in
composite panels
and composite
solutions in
lightweight
constructions
Media & Analyst Conference 20216 DIVISION INFORMATION
3A Composites - Business Idea
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Select attractive market segments
with unmet or latent need for raw material; efficient, low weight, high performance multi-material solutions area
Offer broad range of segment Identify and evaluate
specific specialties opportunities for
segment specific sandwich offering
Own efficient and reliable Design
manufacturing technologies the most effective sandwich
configuration
Source commodity raw materials Specify
the most cost efficient raw
materials
Media & Analyst Conference 20216 DIVISION INFORMATION
3A Composites – Market Segments
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Transport
Display Architecture Core Materials
& Industry
Media & Analyst Conference 20216 DIVISION INFORMATION
Display
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M aterials P roducts A pplications B rands
Skin Material Aluminum Composite Materials • Fotomounting
Coated Aluminum, (Coated) (ACM) • Interior / Exterior Signs
Paper, Polystyrene, PVC • Routed Sign Faces
Foamed Sheets • POP Displays
Other Materials • Exhibit Constructions
(Poly-)Methyl Methacrylate Foam Boards • Screen Printing
(MMA), Polycarbonate (PC), • Kiosks / Carts
Styrene Acrylonitrile Copolymer Clear Sheets • Dimensional Letters
(SAN), Polyethylene terephthalate • Digital Printing
/ -glycol (PET/PETG), Polystyrene • Shop Fitting
(PS), Polyurethane (PUR),
Polyethylene (PE), Polypropylene
(PP), Aluminum-Honeycomb
Media & Analyst Conference 20216 DIVISION INFORMATION
Display
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Way to Market - Push & Pull Sales Concept
3A Composites
Strong offering position towards distributors based on a complementary
product range
Build on strong distribution network – working with leading European
Distributors distributors
Sales activities address all players in the chain to specify 3A material and
create market demand
Printer Field sales force activities focus on fabricators, decision maker and influencer
Fabricators
Shop Fitter
Decision maker & Influencer
End users
Brand Owner & Retailer
Signage, CID, Shop-front & (e.g. Zara, McD, Aldi)
fitting POP/POS, etc.
Advertising Agencies, Designers
Media & Analyst Conference 20216 DIVISION INFORMATION
Display
26
References
1 Display booth at EuroShop 2020
Dusseldorf | Germany
DIBOND®
2 Endutex booth lettering at C!Print
Madrid | Spain
SMART-X®
© Philip Kistner Fotografiec
1 2
4 3
3 Signage lettering project
FOAMALITE® x-press
4 Christmas interior decoration
London | UK
PERSPEX® Fluorescent
©Manifesto Studios © PROIZVODI OD KLIRITA d.o.o
Media & Analyst Conference 20216 DIVISION INFORMATION
Architecture
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M aterials P roducts A pplications B rands
Skin Material Aluminium Composite Materials Market Segments
Aluminum sheets (ACM) • Sport, Airport, Public Space,
• Alucobond Standard Panels Retail, Hotel, Hospital,
Core Material • Alucobond Fire Rated Panels Corporate, Residential
Non Combustible PE (A2) • Alucore Honeycomb Panels
Fire Rated PE (Plus) Applications
Polyethylene (PE) with a wide range of different • Facades / Flying Roofs
Aluminum-Honeycomb surface design: • Exterior/ Interior Cladding
• Mill Finish • Corporate Identity Signage
• Clear Coat
• Butler Finish
• Spectra Colours
• Wood
• Sparkling
• Anodized
• NaturAL
Media & Analyst Conference 20216 DIVISION INFORMATION
Architecture
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References
1 The Connor Group Headquarters
Ohio | USA
ALUCOBOND® naturAL Brushed
2 Bengbu Sports Center
Bengbu | China
ALUCOBOND® Plus
©Lunghi Media Group 1 2
4 3
3 BCF-Arena
Fribourg | Switzerland
ALUCOBOND® A2 metallic
4 Exo Apartments
Reston, Virginia | USA
ALUCOBOND® Plus Spectra
©Mark Kempf Photography © Allega GmbH
Media & Analyst Conference 20216 DIVISION INFORMATION
Core Materials
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M aterials P roducts A pplications B rands
Engineering Plastics Structural Airex and Baltek Core Structural and semi-structural
• Polyester (PET) Materials sandwich applications
• Polyetherimide (PEI) • Plain Sheets
• Polyvinylchloride (PVC) • Contour Core Wind Energy: Blades and Nacelles
• Polystyrene (PS) • Kit Marine: Motoryachts, Sailing
• Polyurethane (PUR) Yachts, Multihull
Road: Bus & Coach, Trucks, Vans
Balsa Balsa PLY Panels & Recreational Vehicles
Rail: Highspeed, Intercity,
• Standard Balsa (Baltek SB)
People Mover
• Premium Balsa (Baltek SBC)
Aerospace:
• Veneer based Balsa
Radome, Interior parts
(Baltek VBC)
Infrastructure:
Road & Pedestrian Bridges
Media & Analyst Conference 20216 DIVISION INFORMATION
Core Materials
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References
C
1 Major Wind Blade OEM
PET foam (AIREX®) & Balsa (BALTEK®)
2 Automotive Sandwich
AIREX® T92 | AIREX® T10
3 Yachts & motorboats hulls, bottoms
1 2
& decks
4 3
BALTEK® SB | AIREX® T92 | AIREX® T10
4 Sailboat hull bottoms, decks & top sides
AIREX® T92 | BALTEK® SB
Media & Analyst Conference 20216 DIVISION INFORMATION
Transport & Industry
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M aterials P roducts A pplications B rands
• Engineering Foams • 3D Front Cabins for Railway • Railway Body Shell (Roofs,
PET, PVC, PUR, PEI Vehicle Floors, Cabins)
• Balsa based Core Materials • Structural Aluminum-Foam • Bus & Coach Roof and Floors
• Balsa Plywood Panels & Sandwich Elements • Automotive Headliner and
Bending Plywood • Sandwich Solutions with Interior
• Aluminum Composite Material integrated Functions (e.g. • Recreational Vehicle & Marine
(ACM) floor heating) Furniture
• GRP Sandwich Material • Interior Parts • Insulated Truck Walls and
• Aluminum Honeycomb Panels • Headliners and Roof Floors
• Lightweight Foamboards reinforcements for • Air Conditioning Equipment
Automotive • Building Interior
• Insulation solutions • Ski and Snowboards
• GRP Sandwich Rotorblades
Media & Analyst Conference 20216 DIVISION INFORMATION
Transport & Industry
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Products
1 COMFLOOR®
Lightweight, modular, strong floor system
(heated & unheated)
2 INNOCAB® Sandwich Front Cabin
(incl. painting, bonding, assembly)
1 2
3 INFIT®
4 3 Ready-to-assemble, customized interior
solutions
(e.g. wall -, roof cover)
4 XBODY®
Sandwich Roof – Volvo 9900
Media & Analyst Conference 20216 DIVISION INFORMATION
Strong Global Presence
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ASSETS IN NORTH AMERICA ASSETS IN EUROPE
13 production sites (CH, DE, IE, PL, ES, CZ, SK, UK)
4 production sites (USA)
Sales / Admin (CH, UK, BE, FR)
Sales / Admin office (USA) ~ 2 050 Employees
~ 400 Employees
9
13
4
5
1
ASSETS IN LATIN AMERICA ASSETS IN ASIA PACIFIC / CHINA
1 production site (EC) 5 production sites (CN, IN, PNG)
Sales office (BR) Sales / Admin office (CN, SGP, UAE, IN, IND)
~ 11 000 ha FSC® certified plantations in Ecuador ~ 2 000 ha FSC® certified plantations in PNG
~ 700 Employees ~ 1 200 Employees
Media & Analyst Conference 2021Disclaimer
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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 and neither it nor
anything it contains shall form the basis of any contact whatsoever.
Opinions expressed herein reflect the current judgment of the management of Schweiter
Technologies. The presentation contains forward-looking statements that involve risks and
uncertainties. The actual result of Schweiter Technologies may differ materially from those
anticipated in these forward-looking statements and forecasts as a result of a number of
factors.
The management of Schweiter Technologies does not accept any liability whatsoever with
respect to the use of this presentation.
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