GROUP PRESENTATION. Milan, March 27 th &28 th 2012 SOGEFI GROUP

Transcription

1 GROUP PRESENTATION Milan, March 27 th &28 th PARIS, March OCTOBER 27 & th

2 WORLD LEADER Sogefi is a world leader in the design and manufacturing of engine filtration, air intake and cooling systems and suspension vehicle technologies Sogefi owns a fully integrated industrial process from engineering to manufacturing to assembly that guarantees the best quality and improvement of product performance Innovation drives each of Sogefi s core businesses. 2 PARIS, March OCTOBER 27 & th

3 WHAT WE HAVE ACHIEVED IN 2011 THE RECENTLY ACQUIRED SYSTEMS MOTEURS GROUP IS CONSOLIDATED FROM AUGUST 1 ST 2011 REVENUES GROWS 25.3% (+10.4% AT CONSTANT PERIMETER) THE CONFIRMED ABILITY TO TRANSFER TO THE CUSTOMERS MOST OF THE MATERIAL COST INCREASE AND TO KEEP STRUCTURAL COSTS UNDER CONTROL BRINGS THE OPERATING PROFIT IN 2011 AT 7.7% (7.3 IN 2010) DIVIDEND DISTRIBUTION IS CONFIRMED AT 15 MILLION EURO. NET INDEBTNESS IN 2011 IS LIMITED TO 300 MILLIONS EURO AFTER THE ACQUISITION OF SYSTEMES MOTEURS AND THE DIVIDEND PAYMENT 3 PARIS, March OCTOBER 27 & th

4 SYSTEMES MOTEURS ACQUISITION STRATEGIC GUIDELINES BECOME A SUPPLIER OF INTEGRATED ENGINE AIR SYSTEMS ENTRY IN THE ENGINE COOLING MANAGEMENT INCREASE MARKET SHARE AMONG PREMIUM CAR MANUFACTURERS GROWTH IN NAFTA MARKET 4 PARIS, March OCTOBER 27 & th

5 ENGINE SYSTEMS AIR INTAKE & COOLING SYSTEMS Sogefi Group can provide to car manufacturers sub-assemblies and complete modules with high added value in the areas of air intake and cooling 5 PARIS, March OCTOBER 27 & th

6 A SOLID COMPETITIVE POSITION ENGINE SYSTEMS DIVISION THIRD LARGEST PRODUCER IN EUROPE SOUTH AMERICAN LEADERSHIP EUROPEAN AND SOUTH AMERICAN LEADERSHIP IN THE REPLACEMENT MARKET PREMIUM IAM BRANDS: BIOFUEL FILTRATION TECHNOLOGY EXPANDING PRODUCTS PORTFOLIO THROUGH INNOVATION 6 PARIS, March OCTOBER 27 & th

7 A SOLID COMPETITIVE POSITION SUSPENSION COMPONENTS DIVISION SECOND LARGEST WORLDWIDE PRODUCER EUROPEAN AND SOUTH AMERICAN LEADERSHIP HIGH VALUE PRODUCTS: STABILINKS, HIGH SPEED TRAIN PARTS, ESCAVATORS TRACK ADJUSTERS, PRECISION SPRINGS LEADERSHIP IN TECHNOLOGY AND INNOVATION (SOLID AND TUBOLAR BARS, COLD AND WARM SPRING PROCESS TECHNOLOGIES, COMPOSITE SPRINGS) EXPANDING PRODUCTS PORTFOLIO THROUGH INNOVATION 7 PARIS, March OCTOBER 27 & th

8 SOGEFI IN THE WORLD Plants in Europe Plants in North America 1 NETHERLANDS Plants in Asia 1 CANADA 1 USA 4 UK 13 FRANCE 3 SPAIN 3 GERMANY 1 ROMANIA 1 MEXICO 3 ITALY 1 SLOVENIA 2 CHINA 1 EGYPT 4 BRAZIL 3 INDIA 2 ARGENTINA Plants in South America Plants in Africa 44 PRODUCTION SITES 16 COUNTRIES 5 CONTINENTS 8 PARIS, March OCTOBER 27 & th

9 SALES & EMPLOYEES PROFORMA Sales in Mio Working people at 31 st December 2011: 6,954 worldwide 9 PARIS, March OCTOBER 27 & th

10 2011 REVENUES BY DIVISION % 49.8% 52.8% 50.2% Suspension Components Mio Suspension Components Mio Engine Systems Mio Engine Systems Mio TOTAL 1,158.4 Mio TOTAL Mio 10 PARIS, March OCTOBER 27 & th

11 2011 REVENUES ANALYSIS BY SEGMENT 11 PARIS, March OCTOBER 27 & th

12 2011 REVENUES ANALYSIS BY CUSTOMER 12 PARIS, March OCTOBER 27 & th

13 2011 REVENUES ANALYSIS BY MARKET 13 PARIS, March OCTOBER 27 & th

14 FINANCIAL HIGHLIGHTS OPERATING RESULT EBITDA % % 4.3% 7.7% % 9.3% 6.0% 9.4% EBIT % 5 4.5% 5.1% 0.6% NET INDEBTNESS Mio Euro % on revenues 14 PARIS, March OCTOBER 27 & th

15 MARKET FORECASTS LIGHT VEHICLES PRODUCTION FORECASTS - BY MAIN AREAS % / previous year + 6,5% + 5,1% ,0% + 5,7% + 28,2% - 0,7% ,3% + 1,5% + 0,9% ,9% + 6,7% + 2,7% + 5,5% + 1,1% - 3,1% - 1,5% - 4,8% - 6,9% - 16,3% - 20,6% - 15,6% + 4,4% + 15,3% + 11,1% + 1,5% + 10,3% + 39,1% - 7,6% + 5,0% - 7,1% + 4,7% + 9,6% + 5,7% + 6,7% + 6,6% + 7,4% + 3,4% + 2,6% + 5,0% - 31,9% + 7,7% + 7,3% + 5,8% + 7,4% + 17,7% + 4,7% - 2,2% + 12,1% + 4,4% + 9,2% SOUTH AMERICA NORTH AMERICA EU TOTAL EUROPE ASIA PARIS, March OCTOBER 27 & th

16 NAFTA PRESENCE IN BOTH BUSINESS LINES 3 plants in engine systems 1 plant in suspensions Montreal (Canada) CUSTOMERS Prichard (West Virginia, USA) engine + suspensions Monterrey (Mexico) 16 PARIS, March OCTOBER 27 & th

17 NAFTA IN A BULLISH 2012 MARKET, SOGEFI WILL LEVERAGE ON: SYSTEMES MOTEURS GROWING MARKET SHARES THROUGH ORDER PORTFOLIO STARTING PRODUCTION GROWING FLUID FILTRATION SALES WELL ESTABLISHED COMMERCIAL RELATIONS BY SYSTEMS MOTEURS WITH U.S. OEM SOGEFI IS CONSIDERING TO RE-START SUSPENSION COMPONENTS PRODUCTION IN USA IN LATE PARIS, March OCTOBER 27 & th

18 BRAZIL MARKET LEADER IN BOTH BUSINESS LINES Mateus Leme 40% Market Share Mogi Mirim Sao Bernardo do Campo CUSTOMERS Gravatai 18 PARIS, March OCTOBER 27 & th

19 INDIA Faridabad PRESENCE IN BOTH BUSINESS LINES starting 2009 in filters and 2010 in suspensions 3 plants (in jv with Indian partners) Pune CUSTOMERS Bangalore A GROWING PRESENCE 19 PARIS, March OCTOBER 27 & th

20 CHINA Shanghai PRESENCE IN BOTH BUSINESS LINES starting 1996 in suspensions and 2006 in filters 3 plants (1 in jv with the Dong Feng Group) 2 new plants in construction (Engine Systems and Suspensions) in Wuijiang CUSTOMERS A GROWING PRESENCE 20 PARIS, March OCTOBER 27 & th

21 AFTERMARKET SOGEFI ESTABLISHED IN 2010 A FOCUSED DIVISION FOR ITS AFTERMARKET BUSINESS, WITH RENEWED MANAGEMENT THE MAIN 2011 ACHIEVEMENTS ARE: BRAND REDUCTION: CONCENTRATE SOGEFI OFFERING ON THREE MAIN BRANDS, WITH IMPROVED OVERALL POSITIONING, RECOGNITION AND PENETRATION POTENTIAL STOCK LOCATIONS IN EUROPE: REDUCED FROM 7 TO 3, IMPROVING LOGISTIC COSTS AND CAPITAL EMPLOYED 21 PARIS, March OCTOBER 27 & th

22 AFTERMARKET INCREASE SOURCING FROM LOW COST COUNTRIES TO IMPROVE COST COMPETITIVENESS THE EUROPEAN AFTERMARKET IN 2012 WILL CONTINUE ITS TREND OF LOWERING MILEAGE BY USERS SOGEFI AIMS AT COUNTERBALANCING THE EUROPEAN MARKET SCENARIO WITH ITS IMPROVED COMPETITIVENESS 22 PARIS, March OCTOBER 27 & th

23 INNOVATION SOGEFI LAUNCHED IN THE MARKET THE INDUSTRY S FIRST COIL SPRINGS WITH COMPOSITE MATERIAL FOR PASSENGER VEHICLE AND LIGHT COMMERCIAL VEHICLE IN MARCH 2012 FIBERGLASS REINFORCED PLASTIC (FRP) COIL SPRINGS ALSO RESPOND TO CUSTOMERS EMISSION REDUCTION TARGETS : - FROM -40% TO -70% WEIGHT REDUCTION - HIGHER DURABILITY - IMPROVED COMFORT - INCREASED SAFETY COMPOSITE COIL SPRINGS FRP COIL SPRINGS ARE ALSO 100% ENVIRONMENTALLY-FRIENDLY: NO HEAT TREATMENT REDUCTION OF CO2 EMISSIONS FEWER STEPS IN PROCESS NO SURFACE TREATMENT 23 PARIS, March OCTOBER 27 & th

24 INNOVATION AUDI WAS THE FIRST MANUFACTURER TO ACCEPT SOGEFI S REVOLUTIONARY FRP COIL SPRINGS. FOLLOWING JOINT DEVELOPMENT WORK THE FRP COIL SPRINGS HAVE BEEN ADAPTED TO AUDI S REQUIREMENTS AND WILL FIND USE IN AN UPCOMING MODEL AUDI ANNOUNCED ITS PLAN TO INTRODUCE THE COMPOSITE COIL SPRINGS STEP BY STEP IN GREATER VOLUME FOR AUDI MIDSIZE AND LARGE LUXURY MODELS SOGEFI IS ALSO DEVELOPING STABILIZER BARS FOR COMMERCIAL VEHICLES APPLICATIONS IN COMPOSITE MATERIALS COMPOSITE COIL SPRINGS 24 PARIS, March OCTOBER 27 & th

25 DISPOSABLE EXHAUST PARTICULATE FILTER PARTICULATE FILTER INTEGRATION IN THE MUFFLER SERVICEABLE AVOIDS COMPLEX AND UNRELIABLE REGENERATION SYSTEMS 25 PARIS, March OCTOBER 27 & th

26 DISCLAIMER This document has been prepared by SOGEFI S.p.A. for information purposes only and for use in presentations of the Group s results and strategies. For further details on the SOGEFI Group, reference should be made to publicly available information, including the Annual Report, the Semi-Annual and Quarterly Reports. Statements contained in this document, particularly the ones regarding any SOGEFI Group possible or assumed future performance, are or may be forward looking statements and in this respect they involve some risks and uncertainties. Any reference to past performance of the SOGEFI Group shall not be taken as an indication of future performance. This document does not constitute an offer or invitation to purchase or subscribe for any shares and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever PARIS, March OCTOBER 27 & th