Transcript Kein Folientitel - Semperit AG Holding

April 2009
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SEMPERIT AT GLANCE
Worldwide leading manufacturer of rubber products with four divisions
Synergies in:
 Production
 R&D
 Purchasing
 Sales
Top market positions in all divisions
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CORPORATE STRATEGY
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FOCUS
To concentrate on four core business areas and be a
dominant player in each sector
INTERNATIONALISATION
To consistently internationalize operations by setting
up new production sites and developing new markets.
COST LEADERSHIP
To pursue rigorous cost management combined with
major increases in productivity.
THE DIVISIONS
Revenue 2008
in % of the Group
Employees
Products
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SEMPERMED
SEMPERFLEX
SEMPERFORM
SEMPERTRANS
242.8 EUR m
37.0%
166.0 EUR m
25.3%
119.0 EUR m
18.2%
127.5 EUR m
19.5%
3,970
1,529
731
809
Surgical gloves,
examination
gloves, industrial
gloves
Hydraulic hoses,
industrial hoses,
rubber sheeting
Handrails,
Railroad,
Sheave liners,
moulded parts,
profiles, sponge
rubber
Rubber conveyor
belts with textile
and steel-cable
reinforcement
DIVISION SEMPERMED
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SURGICAL GLOVES:
20-25% market share in Europe (market leader)
worldwide market share: > 10%
EXAMINATION GLOVES:
15% market share in Europe, 12-14% in USA and 10-15% worldwide
PRODUCTION SITES:
Austria, Thailand, China, Hungary
TARGET INDUSTRIES:
Medical supply, food processing, lab & chemical industry
COMPETITORS:
Ansell, Cardinal Health, Kimberly-Clark Safeskin
DIVISION SEMPERMED
Revenue 1997 - 2008
250
242.8
EUR million
219.1
209.9
200
180.8
179.1 177.4
186.4
155.3
150
130.1
135.8
111.7
100
85.0
50
0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
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DIVISION SEMPERFLEX
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HYDRAULIC HOSES:
Approx. 15% market share in Europe
INDUSTRIAL HOSES:
Top 3-5 in Europe with approx. 10% market share
RUBBER SHEETING:
Most important markets are Germany, France, UK, Austria
PRODUCTION SITES:
Austria, Czech Republic, Thailand, Italy, China
TARGET INDUSTRIES:
Machinery/construction equipment, mining, industrial applications
COMPETITORS:
ITR Parker, Gates, Manuli, Alfagomma, Rapisarda, Aeroquip,
Trelleborg, Hutchinson
DIVISION SEMPERFLEX
Revenue 1997 - 2008
180
EUR million
161.7
166.0
160
139.1
140
145.7
123.7
120
108.3
100
81.3
87.3
114.2
93.7
80
60
58.4
52.5
40
20
0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
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DIVISION SEMPERFORM
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PROFILES:
Semperit is a prominent supplier of rubber profiles and seals for doors,
windows and building construction in Europe
MOULDED PARTS:
Products range from automotive and industrial moulded parts to sanitary
and pipe fittings
HANDRAILS: Approx. 30% market share worldwide
SHEAVE LINERS: Approx. 60% market share worldwide
SKIS FOILES: Approx. 90% market share worldwide
PRODUCTION SITES:
Austria, Germany, Hungary, China, Thailand, USA
TARGET INDUSTRIES:
Construction, public transport, equipment and machinery manufacturers
COMPETITORS:
EHC, Trelleborg, Continental/Phoenix, Hutchinson
DIVISION SEMPERFORM
Revenue 1997 - 2008
120
119.0
EUR million
108.6
100
111.4
94.9
90.6
76.4
80
79.4
81.2
85.5
72.5
64.0
66.5
60
40
45,8
20
0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
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DIVISION SEMPERTRANS
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CONVEYOR BELTS:
Market share of approx. 20% in Europe with conveyor belts enforced
with textiles or steel ropes; Export worldwide
PRODUCTION SITES:
France, Poland, India
TARGET INDUSTRIES:
Mining, material handling
COMPETITORS:
Fenner, Continental/Phoenix, Goodyear, Bridgestone
DIVISION SEMPERTRANS
Revenue 1997 - 2008
140
EUR million
127.5
115.6
120
109.2
100
94.5
80.4
80
80.8
84.3
85.4
64.5
60
46.0
47.7
46.0
40
20
0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
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PRICE FOR NATURAL RUBBER
Source: Weber & Schaer
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SEMPERIT‘S WORLDWIDE PRESENCE
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FINANCIAL OVERVIEW
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CONTINUALLY REVENUE GROWTH
Revenue 1997 - 2008
700
655.3
EUR million
607.8
600
574.1
515.0
500
451.2
463.5
477.4
409.1
400
363.9
329.9
300
284.4
247.5
200
100
0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
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REVENUE BY REGION
Asia and the rest of
the world
12.3%
America
19.2%
Rest of Europe
8.2%
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409.1
Austria
5.3%
EU excl. Austria
55.0%
EARNINGS BEFORE TAX
Earnings before tax 1997 - 2008
60
59.6
EUR million
53.6
58.1
54.3
52.0
50
44.3
41.6
38.3
40
36.9
32.7
29.4
30
19.9
20
10
0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
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THE SEMPERIT WORKFORCE
8000
7,118 7,064
7000
6,689
5,886
6000
5000
5,691
4,950
5,065
5,283
5,073
6,185
5,710
5,284
4000
3000
2000
1000
0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
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Total on
average
In Austria
FOCUS PRODUCTIVITY
Decline in personnel costs as a % of revenue
30
27.4
26.6
25.2
25
22.8
22.3
21.4
21.1
19.8
20
18.1
16.8
16.7
16.5
15
10
5
0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
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BUSINESS DEVELOPMENT 2008
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Consolidated revenue increased by 8% to EUR 655 m
Further growth in all divisions
– Sempermed +10.8 %
– Semperflex +2.6 %
– Semperform +6.8 %
– Sempertrans +10.2 %
Wave of price increases for raw materials burdens earnings
Acquisition of a Brazilian sales and distribution company for medical
gloves
Austria: expansion of production capacity for surgical gloves by more
than 20%
India: capacity almost doubled for conveyor belts
KEY FIGURES
2000
2001
2002
2003
2004
2005
2006
2007
2008
Revenue in
EUR million
363.9 409.1 451.2 463.5 477.4 515.0 574.1 607.8 655.3
EBT in EUR
million
36.9
38.3
41.6
44.3
52.0
53.6
54.3
59.6
58.1
Net profit after
minorities in
EUR million
21.9
22.3
23.9
26.9
30.8
36.7
40.0
44.6
37.6
Earnings/share
in EUR
1.07
1.10
1.18
1.32
1.51
1.79
1.95
2.17
1.83
Investments in
EUR million
27.2
38.2
26.1
15.2
25.0
38.8
50.8
25.0
27.6
Employees on
average
5,073 5,284 5,691 5,886 5,710 6,185 6,689 7,118 7,064
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OUTLOOK 2009
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International economic development will influence company’s
development – decline in demand is expected to continue
Expanding sales in the Sempermed division despite the gloomy
business environment
Decrease in raw material prices should relieve tight material cost
situation
Because of a decline in raw material prices selling prices will be put
under pressure
PERFORMANCE OF THE SEMPERIT SHARE
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SHAREHOLDER STRUCUTRE
B&C Privatstiftung
> 50%
Free float
< 50%
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FINANCIAL CALENDER
Annual General Meeting
Ex-dividend day
Dividend payment
1st quarter report 2009
1st half-year report 2009
3rd quarter report 2009
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April 30, 2009
May 6, 2009
May 11, 2009
May 15, 2009
August 14, 2009
November 20, 2009
Thank you for your attention
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