Schweiter Technologies : "Results 2023", Media & Analyst Conference

Schweiter Technologies - Full Year 2023 Results Media & Analyst Conference

DIBOND®, FOREX® - Prato / Italy

AIREX®, BALTEK® - Germany

ALUCOBOND® - House of Music, Budapest / Hungary

P r e s e n t e r s :	R o m a n S o n d e r e g g e r ( G r o u p C E O )
	U r s S c h e i d e g g e r ( G r o u p C F O )
D a t e / L o c a t i o n :	M a r c h 7 , 2 0 2 4 , Z u r i c h

Media & Analyst Conference 2024

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M E D I A & A N A L Y S T C O N F E R E N C E 2 0 2 4

Agenda

1. Business Review & Highlights
2. Financial Results 2023

3 Focus & Outlook 2024

4 Questions & Answers

Media & Analyst Conference 2024

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Key figures 2023 - Financial turnaround achieved

1'070 Mio. CHF

Net Sales

-11%(Fx-adj.:-7%)

78 Mio. CHF

Cash flow from operating activities

+62%

90 Mio. CHF

EBITDA

+5% (Fx-adj.: +10%)

Margin of 8.4% vs. 7.1% PY

68%

Equity ratio

50 Mio. CHF

EBIT

+18% (Fx-adj.: +24%)

Margin of 4.7% vs. 3.6% PY

15 CHF

Dividend per registered share

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4 Business Areas focusing on light-weight composites solution applications

DISPLAY

CORE MATERIALS

ARCHITECTURE

TRANSPORT & INDUSTRY

• of Net
  Sales 2023

• Cautious market and consumer sentiment led to lower revenues
• Customers hesitant in anticipation of falling commodity prices
• Growing demand for sustainable mono-material & paper based products
• Footprint optimization for casted clear sheet & operational excellence actions pay off - margin increased

45%

©BENETEAU

• Fully acquired JMB Wind Engineering business with positive sales contribution
• Picked up demand in China with high price pressure
• Next cycle of growth in European & US wind market delayed due to lengthy and slow approval processes
• Encouraging sales in marine with market share gains
• Margins supported by good Balsa business

22%

• US sales stable with strong margins
• In Asia, steady recovery in China lifting revenues well above prior year level
• Continued economic challenges and decline in construction activity in Europe
• Although overall lower sales, margin increased thanks to efficiency as well as good pricing & procurement measures

20%

©HOERMANN KG

• Impacted by muted market demand
• Lightweight construction product solutions for vehicle applications continued to benefit from structural growth with growing margins

13%

Media & Analyst Conference 2024

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Several highlights in 2023

Innovation & sustainability

New recycled		Mono-Material
Display products		portfolio expansion

Recycled		New architectural
Architecture products		cladding system

Acquisitions

Capacity & site development

• US Architecture:
  Next generation paint line
• Europe Architecture:
  Innovative laminating technology
• Europe Core Materials: Additional PET & kitting capacity
• Core Materials Ecuador: Consolidation of sites

Team & organization

• New Group CFO
• Europe: 3 agile & customer focused entities (Display, Industry, Architecture)
• New leaders for Europe from within the company

Urs Scheidegger	Benjamin Burkard	Thorsten Füssinger
Group CFO	CEO Display Europe	CEO Industry Europe

Media & Analyst Conference 2024

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Architecture - 60% acquisition of ZNL - Expanding portfolio

• Innovative aluminum solid sheet manufacturer delivering high-end,multi-color facade solutions
• Ideal portfolio extension for geographical expansion through existing sales channels

• Net sales: ~15 Mio CHF
• 50 employees
• Located in Changzhou, China

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Architecture Display Portfolio Transformation: More sustainable ALUCOBOND® & DIBOND® - Recycling of Aluminium Composite Panels

Re-usage in	5	1	Shredding
production			of panels

process

4 2

Preparation of the	Composite disintegration
components
with turbo rotor mill

3	Separation by weight
	differences of core
	and aluminum

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Display Portfolio Transformation: More sustainable CRYLUX®re - Made from 100% recycled MMA

Recycling of display products

• Thermal treatment allows polymer chain scission into monomer molecules

• A high accurate distillation process separates MMA molecules, achieving a high purity standard

• The recycled material can be reused (over and over again), which not only saves raw materials, but also prevents waste

• Moreover, the described process takes place in Europe, close to our production plants which additionally minimizes the carbon footprint due to the short transport ways

MMA = Methylmethacrylat; rMMA = recycled Methylmethacrylat; PMMA = Polymethylmethacrylat

Our product sustainability measurement

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Display Portfolio Transformation: More sustainable DISPA®re & SMART-X® - Mono-material boards

SMART-X®

• Mono-materialproduct
• No adhesive between core and cover layers
• Impact-modifiedpolystyrene
• Good recyclability

Visual communication

• Direct digital printing
• Signage
• Free-standingdisplays
• Lifesized fashion displays
• Low weight
• High rigidity and flatness
• Co-extrusiontechnology
• Good resistance to weathering
• Lightweight material for indoor and outdoor applications

DISPA®re

• Mono-materialproduct
• Cover sheet and core from FSC® certified recycling paper
• Simple disposal
• Established, closed-loop recycling system

Visual communication

• Displays (POS/POP)
• Signage/ lettering
• Shop design & shop window decoration
• Interior design & furniture
• Equally high level of rigidity - lengthwise and crosswise -major advantages over corrugated cardboard
• Outstanding printing results
• Easy options for processing
• Interior only

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Elements of Schweiter Technologies - Example airport

Our relevance

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