Mikron Group Investora 2015

Transcription

1 Mikron Group

2 The Mikron Group The Mikron Group markets machining and automation solutions, enabling market leaders around the world to increase productivity and master their precision manufacturing processes. Mikron Machining High volume and high precision Machining systems and Cutting Tools Mikron Automation High volume Assembly solutions for hand-sized complex parts 2

3 End user markets 41% 33% 14% Automotive 90 million cars are produced annually Pharma/Medical 382 million people world wide have diabetes Consumer goods By 2020 per capita income in BRIC countries up by more than 50% vs % 8% Writing 55 billion ball pen produced every year Others See our website for more information Figures Percentages represent portion of sales in

4 End user market Pharma + Medical devices Key market for Mikron Automation 33% Example: Diabetes offers opportunities worldwide Source: International Diabetes Found, ADAMANT Diabetes pen Autoinjector for growth hormones Inhaler for asthmatics Engineering and project management Process integration Documentation and services 4

5 End user market Automotive Key market for Mikron Tool / solutions for stainless steel 41% Valve insert Injection valve Guide for fuel injection Machining systems Cutting solutions Service solutions 5

6 End user market Connectors Interesting market for Mikron Machining 8% High and growing demand requires highly productive machining solutions. Case study: Connector The traditional solution Production area: 300 m 2 Mikron: The innovative solution Production area: 30 m 2 Required machines: 7 Required machines: 1 Mikron Multistar CX-24 3 employees/shift 1.5 employees/shift Output: pieces/minute Connector Pin Fiber Optic ferrule Machining systems Cutting solutions Service solutions 6

7 Mikron is close to its customers Agno Boudry Singapur Agno, Tool Berlin Denver Rottweil Monroe Berlin Shanghai 7

8 Automation solutions Mikron Automation is one of the world's leading manufacturers of customized, highly productive automation solutions for highprecision assembly and testing of products up to hand-size. 8

9 Products Competencies Key Facts Mikron Automation Profile Market leader in Europe, number 2 in US Blue-Chip customers 575 FTEs Over systems installed worldwide Sites in Europe, US and Asia Sales by region in % Total CHF 127 million (2014) Capability to engineer compelling concepts and integrate many different manufacturing tasks Proven, modular standard platforms Cam and NC motor driven high speed assembly Able to deliver large projects within 12 months Customized solutions based on assembly platform s G05 and Ecoline with validated software solutions Customized non-platform based systems Services (medical qualification support, aftersale service) 9

10 Mikron Automation Customer focus, skilled and motivated employees, confidentiality 10

11 Machining solutions Mikron Machining is the leading supplier of customized, highly productive machining solutions for the manufacturing of complex high-precision components made of metal. 11

12 Products Competencies Key Facts Mikron Machining Profile Niche-Market leader in Europe and in writing tips manufacturing equipment worldwide Broad customer base (automotive key part suppliers and several hidden champions) 575 FTEs Over systems installed worldwide Main sites in Europe, global sales and service Broad know-how to provide machining solutions for small sized, high volume, complex parts Capability to engineer mechanical and NC-driven solutions Engineering and manufacturing of small to medium-size high-performance cutting Tools Sales by region in % Total CHF 124 million (2014) Rotary transfer machines Modular, linear transfer machine High-performance cutting tools Services (solution engineering, systems integration, after-sale service) 12

13 Mikron Machining Customer focus, skilled and motivated employees, highest precision 13

14 Organisation Productivity/Agility Innovation Market environment Short- and mid-term actions to counter strong Swiss Franc and economic slow-down in China with potential spill-over effects Actions in Switzerland Group strategic projects Industrialize new machine controller for Automation solutions, to improve efficiency Product evolution and innovation at Mikron Machining addressing changed customer needs and competition New cutting tools every year Review of supply chain Investments in manufacturing equipment and IT systems New and more effective shop floor concepts Strengthen continuous improvement culture Standardize and improve project management New building Mikron Automation in Denver (US) Expand Tool business Hiring of highly technically skilled engineers Selection and development of high potentials Improve agility Increase number of apprentices Develop business in Asia 14

15 Financials 15

16 Key Figures Order intake, in CHF million Order backlog, in CHF million Net sales, in CHF million EBIT, in CHF million 16

17 HY Strong Swiss franc and volatile order intake hold back Mikron Order intake down 15% compared to prior year Sales decreased by 10% yoy, stronger at Mikron Machining Book-to-bill ratio at 1.1, but order backlog decreased by 8% EBIT CHF -2.7 Mio. or -2.5% of sales Net cash position at CHF 16.5 Mio. and Equity ratio at 65% 17

18 HY Overview of key figures In CHF million HY HY Order intake Net sales Order backlog Operating result EBIT Cash flow from operating activities Number of employees 1,172 1,108 Shareholders' equity

19 Continuous investment into the future Mikron Automation Launch of new machine controller Product innovation including US Food and Drug Administration (FDA) validation New Denver facility Mikron G05 New machine controller enables increase efficiency Mikron Machining Product innovation and maintenance Technology center and manufacturing equipment for tool business Global sales and distribution Tool Technology Center Innovation and Customer trials and training at its best Mikron NAM Machining on 6 sides, from bar or wire, full CNC 19

20 Share Details Market capitalization CHF 102 million at 30 June 2015 Listed at SIX Swiss Exchange Domestic Standard Symbol MIKN, ISIN CH registered shares with a nominal value of CHF 0.10 each Other public shareholders: 39.2% Ammann Group Holding AG: 41.6% Rudolf Maag: 14.1% Veraison SICAV: 5.1% 20

21 Summary 21

22 Mikron Business Model A life-time partner for efficient manufacturing solutions 22

23 Value creation for customers and shareholders Automation Machining Partner of choice for high volume assembly and test solutions for handsized complex parts Market leading supplier for high volume and high precision machining systems and cutting tools Operational growth target: approx. 5% annually Target profitability: EBIT 5-7% Two business segments with a global footprint and harmonized key processes Secure market leading solution provider position in Europe and grow in USA and China Further expand the cutting tools business in Europe, USA and China Ensure global, high quality services to all our customers Improve operational excellence with highest focus on customer project execution Become the employer of choice for technical jobs in the regions we operate 23

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25 25 Creating value with passion for precision

26 Group Management Bruno Cathomen CEO Mikron Group & COO Mikron Machining Dipl. Ing. ETH 20 years of industry experience Rolf Rihs COO Mikron Automation Dipl. Ing. ETH 20 years of industry experience Martin Blom CFO Mikron Group Dipl. Wirtschaftsprüfer, Betriebsökonom FH 15 years of finance experience 26

27 Disclaimer This presentation contains forward-looking statements. They represent the current assessment of the Mikron Group regarding market conditions and future events and are thus subject to risks, uncertainties and assumptions. Unforeseeable events may result in differences between the actual results and the projections published in this document. The Mikron Group is therefore not in a position to make any representations as to the accuracy of economic projections and predictions and their impact. Mikron Holding AG Mühlebrücke Biel Switzerland Phone Fax [email protected] 27