Unternehmensberichte 2023: Präsentation Analysten- und Medienkonferenz (nur Englisch)

Welcome

Analyst and Media Conference 2024

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Zurich, 19 March 2024

2023 Financial Year

Andreas Müller, CEO | Mads Joergensen, CFO

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GF Corporation

Highlights 2023

Strong performance despite headwinds

• Result driven by the need for sustainable solutions in key segments and applications
• EBIT margin excl. Uponor
  and effects at 9.8%, on par with 2022 record performance

Uponor acquisition lays ground for future growth

• Consolidation of Uponor Corp. (FI) and Corys Piping Systems (AE) as of 1 November
• Successful start of integration, synergy potential confirmed

2025 Strategy targets increased

• New EBIT margin range 10-12%(compared to 9-11%)
• New ROIC target range 20-24% (compared to 20-22%)
• Additional target EBITDA margin introduced at 13-15%

3 Zurich, 19 March 2024 | 2023 Financial Year | Analyst and Media Conference

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GF Corporation

Strong performance on par with last year's record level

(in CHF)
Sales	EBITDA margin	Dividend proposed

4.0 billion	3.9 billion	3.7%	12.7%	1.30
consolidated	excl. Uponor	organic growth	comparable*	CHF per share

EBIT marginFree cash flowROIC

9.1%	9.7%	9.8%	134 million	23.8%
consolidated	comparable*	excl. Uponor	before acquisitions	excl. Uponor
* Without PPA effects on inventory and items affecting comparability out of the Uponor acquisition
4	Zurich, 19 March 2024 | 2023 Financial Year | Analyst and Media Conference		GF v3.0
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GF Corporation

Going forward: A strong global presence with focus on flow solutions

2023 sales pro forma* / (full-year2022)

per region (in %)

		Rest of world
		4%
		(5%)
Asia	23%	Europe
	(30%)	48%

5.1	(43%)
billion

25%

(22%)

Americas

* Uponor included pro forma for the full-year 2023

2023 sales pro forma*

per division (in CHF million)	Water and Flow
GF Machining	solutions share
64%
Solutions
	887
		2'066
GF Casting		5.1
910	billion
Solutions

GF Piping

1'187Systems

GF Uponor

5 Zurich, 19 March 2024 | 2023 Financial Year | Analyst and Media Conference

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as % of total sales

GF Corporation

Leader in corporate sustainability

3x	Sales with social or environmental
benefits1

CO e emissions2

2

Scope 1 and 2, in 1'000 tonnes

31%

newly appointed managers are women2

(Target 2025: 25%)

80
70	68%	70%
63%
60
50
40
30
20
10
0
2022	2023	Target 2025

1 excluding GF Uponor

350	330
300			273
250									231
				236
200							214
150
100
50
0
Baseline 2021 2022 2023			Target 2026

2 excluding GF Uponor and GF Corys

6 Zurich, 19 March 2024 | 2023 Financial Year | Analyst and Media Conference

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GF Corporation

Key investments in attractive growth markets

Acquisition of Uponor

Expansion in Seewis (CH)

Expansion at Central Plastics (US)

Acquisition of Corys

New plant in Shenyang (CN)

New plant in Yangzhou (CN)

7 Zurich, 19 March 2024 | 2023 Financial Year | Analyst and Media Conference

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GF Corporation

Value creation program well on track - reorganization started

Uponor integration at a glance

Ongoing reorganization of Flow Solutions to unleash full market potential

200+ opportunities identified

100+ joined customer visits

100+ workshops

• New GF Piping Systems with focus on Industry (IS), Utility (UT) and Infrastructure (IN) markets
• New GF Uponor focusing on Building Technology (BT)

GF Piping		GF Uponor
Systems
		UT
IS				BT
	IN

8 Zurich, 19 March 2024 | 2023 Financial Year | Analyst and Media Conference

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GF Piping Systems

GF Piping Systems with robust performance driven by key segments

(in CHF)

Sales

2.1 billion 3.0% organic growth

EBIT margin

EBITDA margin

13.3% 15.8%

Business insights

• Solid demand in key market segments, such as high-endmicroelectronics, water reclamation, water treatment and chemical processing
• Challenges in the building technology and gas utility business in Europe
• Acquisition of Corys Piping Systems, a leading piping systems company in Dubai (AE)
• Focus on innovation and business development, including solutions for lithium extraction & refinement and battery production

Butterfly Valve 565 Lug-Style

9 Zurich, 19 March 2024 | 2023 Financial Year | Analyst and Media Conference

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GF Piping Systems

Solid development of microelectronics market

+13%*

+1%*

~

Microelectronics

Water treatment

Gas distribution

* Organic growth

10 Zurich, 19 March 2024 | 2023 Financial Year | Analyst and Media Conference

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