2. Georg Fischer Corporation
Highlights 2012: Resilient thanks to global footprint
3% top line growth to CHF 3.6 billion
Operating result reaches CHF 221 million
Proposed dividend unchanged at CHF 15 per share
GF Piping Systems grew with acquisitions and new markets
GF Automotive: Europe subdued, Asia’s importance grows
GF AgieCharmilles: Performance further enhanced
Annual Media Conference / 2012 financial year2
3. Georg Fischer Corporation
Further steps towards a more balanced portfolio
Annual Media Conference / 2012 financial year3
2011 2012
GF Piping Systems GF Piping SystemsGF AgieCharmilles GF AgieCharmilles
GF Automotive GF Automotive
32%
46%
22%
36%
23%
41%
4. Georg Fischer Corporation
Share of Asia / America significantly increased
Annual Media Conference / 2012 financial year4
Corporate Sales 2012 (2011)
Rest of the world
Asia
Europe
Americas
59%
(65%)
14%
(10%)21%
(19%)
6%
(6%)
5. Georg Fischer Corporation
Two divisions with a well-balanced presence
Annual Media Conference / 2012 financial year5
GF Piping Systems GF AutomotiveGF AgieCharmilles
41%
(48%)
30%
(30%) 23%
(16%)
6%
(6%)
9%
(8%)
44%
(47%)
30%
(27%) 17%
(18%)
89%
(92%)
11%
(8%)
6. GF Piping Systems
Growth with acquisitions and new markets
Sales at CHF 1.3 billion (+11%),
EBIT reaches CHF 130 million
Acquisitions boost America’s sales
(+ CHF 97 million)
Slowdown in Europe, double-digit growth in Asia
Promising new market segments developed
Annual Media Conference / 2012 financial year6
7. GF Piping Systems
Presence in North America significantly strengthened
Harvel Plastics:
No.1 in industrial pipes in the US
Plants in Pennsylvania and California
Annual sales over USD 80 million
IPP:
No.1 in large water infrastructure
piping systems
Plants in Texas and South Carolina
Annual sales over USD 50 million
Annual Media Conference / 2012 financial year7
2m diameter pipe extrusion
head from IPP
8. GF Piping Systems
Promising new market segments developed
Annual Media Conference / 2012 financial year8
Water supply for mines /
Seam gas extraction
Hygiene solutions for hospitals
and public buildings
9. GF Automotive
Europe subdued, Asia’s importance grows
Sales at CHF 1.46 billion, -5% to 2011
EBIT reaches CHF 54 million for a 3.7% ROS
Europe: - Premium car market stable
- Clear slowdown in trucks
and compact cars
High growth in China
Non-core activities divested
(aluminum sand-casting)
Annual Media Conference / 2012 financial year9
New best selling
bionic wheel carrier
10. GF Automotive
Productivity boost through automation in Europe
Annual Media Conference / 2012 financial year10
New iron castings moulding line in Mettmann (D)
11. GF Automotive
Further expansion in China under way
Annual Media Conference / 2012 financial year11
Iron foundry Kunshan (CN)
12. GF AgieCharmilles
Performance further enhanced
Sales up 5% to CHF 842 million
EBIT up 22% to CHF 45 million
Customer proximity drives growth in Asia
European sales quite resilient
Focus on less cyclical segments pays off
Annual Media Conference / 2012 financial year12
Major order in China
for mobile devices
13. GF AgieCharmilles
Customer proximity drives growth in Asia
Annual Media Conference / 2012 financial year13
Top 10
Machine tool consuming countries
Sales Plant TechPoint (new) Center of
Competence
TaipeiHong Kong
Shenzhen
Yokohama
Bangalore
GF AgieCharmilles presence in Asia
Source: Gardner Report
14. 2008
2012
GF AgieCharmilles
Focus on less cyclical market segments pays off
Annual Media Conference / 2012 financial year14
*ICT= Information and Communication Technology
Cyclicity
High Low
16. Georg Fischer Corporation
Income statement
Annual Media Conference / 2012 financial year16
2012 2011
Sales 3 602 3 511 3 %
Gross value added 1 233 1 217 1 %
Personnel expenses -883 -853 4 %
EBITDA 350 364 -4 %
Depreciation, amortization -129 -131 -2 %
EBIT 221 233 -5 %
Financial result -34 -30 13 %
Result of investment properties 1 1 -
Share of results of associates 1 - -
Income taxes -34 -36 -6 %
Net profit from continued operations 155 168 -8 %
Loss from discontinued operations -28 0 -
Net profit 127 168 -24 %
thereof own interests 121 160 -24 %
thereof non-controlling interests 6 8 -25 %
million CHF
17. Georg Fischer Corporation
Sales by divisions
Annual Media Conference / 2012 financial year17
Growth ∆ %
2012 2011 in CHF in LC
1)
GF Piping Systems 1 299 1 174 10.6 % 0.6 %
GF Automotive 1 461 1 537 -4.9 % -3.7 %
GF AgieCharmilles 842 800 5.3 % 3.6 %
Corporation 3 602 3 511 2.6 % -0.6 %
million CHF
1) Adjusted for changes in scope of consolidation and stated at previous year’s foreign exchange rates.
18. Georg Fischer Corporation
EBIT and ROS by divisions
Annual Media Conference / 2012 financial year18
ROS %
2012 2011 in CHF in LC
1)
GF Piping Systems 130 137 10.0 % 10.3 %
GF Automotive 54 69 3.7 % 3.5 %
GF AgieCharmilles 45 37 5.3 % 5.0 %
Corporation 221 233 6.1 % 5.9 %
million CHF
1) Adjusted for changes in scope of consolidation and stated at previous year’s foreign exchange rates.
19. Georg Fischer Corporation
All divisions generate value
Annual Media Conference / 2012 financial year19
0
2
4
6
8
10
12
14
Corporation
12.1%
GF AgieCharmilles
13.4%
GF Automotive
10.3%
GF Piping Systems
13.9%
ROIC
WACC
Weighted average cost of capital (WACC) = 7.6%
20. Georg Fischer Corporation
Free cash flow
Annual Media Conference / 2012 financial year20
2012 2011
EBITDA 350 370
Changes in net working capital -57 -77
Income taxes / interest paid -66 -72
Other changes 2 29
Cash flow from operating activities 229 250
Additions to property, plant and equipment -132 -147
Cash flow from acquisitions / divestitures -79 0
Other additions / disposals 1 0
Cash flow from investing activities -210 -147
Free cash flow 19 103
million CHF
21. Georg Fischer Corporation
Net debt and free cash flow
Annual Media Conference / 2012 financial year21
546
472
321
294
334
-197
94
150
103
19
-200
-100
0
100
200
300
400
500
600
700
2008 2009 2010 2011 2012
Net debt Free cash flow FCF excl. acquisitions
million CHF
Net debt / EBITDA
1.4x 19.7x 0.8x1.0x 1.0x
22. Georg Fischer Corporation
Key figures
Annual Media Conference / 2012 financial year22
2012 2011
Sales in % 3 6
Sales in % (organic growth) -1 18
Return on Sales (EBIT margin) in % 6.1 6.6
Net profit / (loss) in % of sales 3.5 4.8
Cash flow from operating activities in % of sales 6.4 7.1
ROIC in % 12.1 13.4
Return on Equity in % 10.1 14.3
Equity ratio in % 44 42
Economic Profit 69 82
Earnings per share in CHF 30 39
Earnings per share continued operations in CHF 37 39
Dividend (proposed) per share in CHF 15 15
Number of employees (incl. trainees) 13 412 13 153
million CHF
27. GF Piping Systems
Water demand growth worldwide
Annual Media Conference / 2012 financial year27
Capitalize on worldwide footprint, further acquire
in water infrastructure
Source: Global Energy Network Institute
28. GF Automotive
Reduction of CO2 emissions
Annual Media Conference / 2012 financial year28
95
130
136
2020
target
2012
target
2011
actual
EU regulation on CO2 reduction
(gCO2/km)
Differentiate through weight reduction leadership
Strut dome
29. GF AgieCharmilles
New applications driven by precision needs
Annual Media Conference / 2012 financial year29
Leverage leading EDM and high-speed milling expertise
30. Disclaimer
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. Neither it nor anything it contains shall form the
basis of any contract whatsoever.
Opinions expressed herein reflect the current judgement of the
management of Georg Fischer. The presentation contains forward-looking
statements that involve risks and uncertainties. The actual results of Georg
Fischer may differ materially from those anticipated in these forward-
looking statements and forecasts as a result of a number of factors.
The management of Georg Fischer does not accept any liability
whatsoever with respect to the use of this presentation.
Annual Media Conference / 2012 financial year30