Acquisition of Lafert S.p.A.

Transcription

1 Acquisition of Lafert S.p.A. Sumitomo Heavy Industries, Ltd. Director, Executive Vice President General Manager, Power Transmission & Controls Group Toshiharu Tanaka 25 th May

2 Ambition of PTC Group and objectives of the acquisition 1) Target of PTC Group Aim for 200 billion yen revenue (1.5 billion EUR), focusing especially in overseas market, including inorganic growth Robotics/Positioning, Material Handling and Food & Beverage machinery industries in particular are expected to grow, and are defined as priority fields for our business growth. Mid-Term Management Plan 2019 Overseas Domestic 98.6 Inorganic growth Organic growth more than market growth rate 2) Objectives of the acquisition of Lafert FY2016 Actual FY2019 Plan Target Revenue, JPY billion SHI will be able to reinforce its strategic position in the electric motors industry and machineries electrification, in the first instance, in Europe, which leads both technologies and market trends in the industries above. Both SHI and Lafert are expected to expand the product portfolio and to serve a wider range of customers with a more comprehensive set of solutions. SHI plans to utilize the technologies derived from Lafert s R&D activities into its products, as well as the supply chains associated. 2

3 About Lafert S.p.A. Date of establishment : 25 th October 1962 Address of HQ : San Dona di Piave, Treviso, Veneto, Italy Business category : Sales & Manufacturing of electrical motors and drivers Listed/Unlisted : Unlisted Revenue : Million EUR (FY 2017), EBITDA ratio: above 10% No. of Employees : 796 (As of September, 2017) Factories : Italy;4, Slovenia, China Sales offices : Germany, UK, France, Spain, Australia, Singapore Lafert Business Performance Veneto Revenue (million EUR) Milan San Dona di Piave Italy 3

4 Revenue by Region, Product and application By region By product By application 17% 10% 27% 30% 2% 51% 11% 5% 10% 32% 46% 17% 26% 16% Italy AC Induction Motors Rest of Europe PM Synchronous Motors North America Servo Motors & Drivers Rest of the World Other Products Based on sales result in FY 2016 Industrial Machines Material Handling HVAC/R Air Technology Lifting Renewable Energy 4

5 Factories and sales offices Lafert Suzhou (China) Lafert S.p.A. Lafert Servo Motors Lafert Electromotorji (Slovenia) ICME Lafert Servo Drives :Factory :Sales offices 5

6 Product lineup High Efficiency PM motors Asynchronous motors Brake motors IE4/IE5 class PM motors VFD mounted PM motors IE2/IE3 High Eff. motors 1-phase motors DD motors for fan Customized motors Brake motors Servo motors Servo drivers Lift motors Servo motors Torque motors Servo drivers Battery powered drivers Lift motors 6

7 Competence of Lafert 1 Leading technologies of energy efficiency Advanced technologies for Super- Premium Efficiency Class (IE4/IE5) IE4/IE5 class PM motors 2 Compact high performance Servo Motors Sophisticated technologies to realize both high performance and downsizing. Technologies & products covering a wide range of industries Servo motors 3 High and flexible customization capability Customization capability to fit variety of industrial applications and customer requirements Customized motors 7

8 A highly complementary combination With Lafert s products, PTC expands its portfolio into electrical and control fields. Software / Network Controllers / Visualization Control / Software - Partnership with internal and external resources Decentralized products Servo drivers VFDs Servo motors Asynchronous motors High-Precision Gears Geared Motors 0.01kW 1kW 10kW 100kW 8

9 Synergies in target industries PTC and Lafert have highly complementary technologies and products which will bring competitive solutions with unique sales points. IE4/IE5 Class PM motors & High-eff. Gear Motors Integrated zero-backlash servo actuators Compact servo gear motors (Ex. For AGV) Energy Efficiency Automation Pump, Fan, Compressor Energy Material Handling Robotics, Positioning F&B machinery 9

10 Growth target after acquisition Inorganic growth (e.g. M&A, alliances, etc.) PTC Lefert Lafert Organic growth more than market Revenue (JPY billion) (Original plan) FY16 Actual FY17 Actual FY18 Forecast FY19 Plan Target Ex-rate 1EUR=130JPY 9 months of Lafert FY18 sales will be consolidated. 10

11 Time line th May : Signing of Share Purchase Agreement By end of June July-December : Closing (Scheduled) : PMI (Post Merger Integration) (Scheduled) 11

12 All forward-looking statements regarding the company s future performance are based on information currently available to Sumitomo Heavy Industries and determined subjectively. Future performance is not guaranteed and all information related to future performance contained herein is subject to changes in business environments. 12