AFG The building supplier

Transcription

1 AFG The building supplier 1

2 Focused building supplier Facts and Figures AFG Arbonia-Forster-Holding AG Core business: Heating, Air-Conditioning and Ventilation Technology, Sanitary Equipment, Windows and Exterior Doors, Profile Systems, Special Doors Founded 1874 Management: Alexander von Witzleben Net sales 2015 CHF million Active in > 70 countries Around 6200 employees Key production sites in Switzerland, Germany, Italy, Czech Republic, Slovakia and Poland Vision 2018: Leading European building supplier 2

3 History Majority shareholding in Hermann Forster AG passes to Arbonia AG 1987 Establishment of AFG Arbonia-Forster-Holding AG 1988 Listing of AFG on the Swiss Stock Exchange 1999 Acquisition of Heizkörper Prolux AG 2001 Acquisition of Kermi GmbH 2004 Acquisition of EgoKiefer AG 2007 Acquisition of RWD Schlatter AG 2008 Acquisition of Slovaktual s.r.o Acquisition of Dobroplast 2014 Sale of AFG Kitchen and STI Group 2014 Acquisition of Sabiana S.p.A 3

4 History 2015 Persistently strong import and competitive pressure as well as the scrap of the minimum exchange rate aggravate the tense conditions further. Production capacity of the Building Technology and Building Envelope Division within Switzerland will be reduced and relocated to other existing production sites in Europe over the coming three years. The Building Envelope Division is being complemented by the acquisition of the eastern German window manufacturer WERTBAU and the Building Security Division through the acquisition of the Italian fire protection doors manufacturer Bloxer Ronchi. A capital increase of around CHF 200 Mio. strengths the financial position and provides requirements for the successful implementation of the planned measures. AFG anchor shareholder Michael Pieper and his Artemis Beteiligungen I AG support the intentions and increase their share portion of just under 28 % 4

5 Organisation February

6 Three core divisions with six business units AFG Arbonia-Forster-Holding AG Building Technology Building Envelope Building Security Heating Technology Air-conditioning & Ventilation Technology Sanitary Equipment Windows / Exterior Doors Profile Systems Special Doors 6

7 Core products and production footprint of the six business units Core products Focus on Europe Main production sites Main production sites Building Technology Radiators/ Convectors Surface heating Fan coils Industrial heating Shower enclosures Building Envelope Windows Exterior doors Building Security Profile Systems Special doors 7

8 Building Technology Division Business Units Today Targets for 2018 Heating Technology Air-Conditioning and Ventilation Technology Market leader in steel radiators in DE and CH (Top 3 EU) European leader in fan coils and Nr 2 in radiant panels and unit heaters Consolidate radiator market in Europe Expand in growing segments (e.g. underfloor and industrial heating, «x--optimized», digitalised products) Develop leadership position in growing residential ventilation market («kontrollierte Wohnraumlüftung») Leverage cross-selling Drive fan coil growth (superior energy consumption/noise level and increasing customer demand) Grow business with patented electronic filter (indoor air quality and energy savings) Sanitary Equipment Market leader in shower enclosures (Top 3 EU) Maintain leadership position in DE and grow business Expand sales outside DE through launch of products in the lower price segments and market consolidation 8

9 Building Technology Division Heating Technology Products to suit residential buildings Flat-panel, bathroom and living-room radiators, as well as heating panels Surface heating Heat pumps Heat accumulators Controlled domestic ventilation as well as commercial and public buildings Wall and in-floor solutions: Flat-panel radiators and heating panels/decotherm, industrial panel heating, tube radiators and convectors Ceiling solutions: Chill beams, radiant profiles, radiant panels, chilled canopy ceilings, fan heaters, fan coils, air curtains 9

10 Building Technology Division Air-Conditioning and Ventilation Technology Products to suit industrial environments Duck Strip and Duck Vap radiant panels Steel and stainless-steel fan heaters Air handling units from 5000 m3/h to 80,000 m3/h as well as the commercial and public sectors Pulsar radiant panels Fan convectors for every installation area Air handling units from 600 m3/h to 5300 m3/h 10

11 Building Technology Division Sanitary Equipment Shower spaces and cubicles to really relax in Cross-generation shower solutions for every individual building situation and all needs Unparalleled diversity of models and versions Premium-quality designs and materials Perfect functionality Exceptionally easy to install 11

12 Building Envelope Division Business Unit Today Targets for 2018 Windows / Exterior Doors Market leader in Switzerland and Slovakia with a strong market position in Poland Plants in Switzerland, Slovakia, Poland and, as of recently, in Germany Group of individual companies Leading European windows group Comprehensive range of products from a single source in all materials Integrated production network with modern, costeffective capacities and specialised locations Switzerland: Front doors, customised designs, express service Slovakia: vinyl and aluminium Poland: vinyl and aluminium Germany: Wood and wood/aluminium Innovative, integrated solutions and premium product quality (products researched, developed and tested) in Switzerland 12

13 Building Envelope Division Windows and exterior doors Tailor-made window systems to suit all needs Windows made of wood, wood/aluminium, plastic, plastic/aluminium and aluminium Extensive design variations, dimensions and configurations Energy savings afforded by top thermal insulation (meeting current and future standards such as passive house or MINERGIE) Innovative, integrated solutions incorporating remote ventilation systems and windows for the perfect indoor climate Intrusion protection thanks to effective security elements A comprehensive range of services from a single source including exterior doors, lift-and-slide doors, shading 13

14 Building Security Division Business Units Today Targets for 2018 Profile Systems Market leader for premium steel systems in Europe Leveraging direct distribution in Germany, Austria, UK, Poland, Denmark and Luxemburg Maintain high innovation rate (focus on security, energy efficiency & design) Special Doors Swiss market leader for wooden special doors in Switzerland Strengthen leadership position through launch of new products (e.g. connector-fan-door, ecological doors) Fully utilize automated production lines through Product portfolio extension Expansion of co-operations (Naturedoors) Internationalisation of sales 14

15 Building Security Division Profile Systems Steel and stainless steel profile systems Steel and stainless steel profile systems for windows, doors and facades Heat-insulated and non-insulated profile systems Safety and security systems (fire protection, burglar protection, bullet resistance) 15

16 Building Security Division Special Doors Safety and ecology Doors made of wood, steel, aluminium, chrome steel, glass, wood/aluminium, vinyl High-quality doors protection from weather, fire, noise, radiation, burglary and weapons First European company with natureplus certification for thirteen product groups Connector-fan-door for air exchange in buildings Sanitized label with antimicrobial properties for use in hospital and care sector 16

17 Finances 17

18 Income Statement 2015 in million CHF 2015 in % 2014 in % Net revenues Cost of material and goods Personnel expenses Other operating expenses EBITDA Depreciation, amortisation, impairments EBIT Financial results Result before income tax Income tax expenses Group result from continuing operations Group result Total Ø-Employees

19 Net revenue 2015 Net revenue by Division Net revenue by Country 16% (15%) 51% (48%) 49% (48%) 33% (31%) 37% (40%) 32% 35% (37%) 30% (29%) Building Technology Building Envelope Building Security Switzerland Germany RoW Figures in brackets represent last year's figures. 19

20 Thank you 20