WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our...

42
Company Presentation

Transcript of WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our...

Page 1: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Company Presentation

Page 2: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Overview

2

Our future

Company profile

Our business model

Page 3: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Facts and figures

3

Headquarters Munich, Germany

(€ bn)

Turnover

Group headquarters

Munich, Germany

Production and development locations

Germany, Austria, USA, the Philippines*, Brazil, Serbia, China

~ 280

> 300

> 50

> 140

since May 2007

> 5.500

Property rights and patents

Product groups

Affiliates worldwide

Sales and service stations

Stock exchange listing

Employees

1.361.53

2016 2017

+13%

* Integration of production Manila (Philippines) into Pinghu (China)

Page 4: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Areas of responsibility for Executive Board and Supervisory Board

4

Executive Board

Hans Neunteufel (Chairman)

Prof. Dr. Matthias Schüppen

Ralph Wacker

Martin Lehner

CEO

Production, technology, quality,

procurement, strategy/M&A, HR,

legal matters, compliance,

investor relations, corporate

communication, sustainability

Supervisory Board

Wilfried Trepels

CFO

Finance, audit, IT,

supply chain, real estate

Kurt Helletzgruber

Elvis Schwarzmair (employee representative)

Christian Kekelj (employee representative)

Alexander Greschner

CSO

Sales, service, marketing

Page 5: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Development of revenue and profit

5

(in m€)

Revenue and margin development 2013 to 2017

(in %)

Page 6: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

2017: Revenue growth by regions and divisons1

6

1 In brackets: adjusted for currency effects; 2 Nominal, after cash discounts; 3 Nominal, before cash discounts; differences from rounding may occur

1020.71129.8

12M/16 12M/17

Europe2

+11% (+11%)

377.9422.7

12M/16 12M/17

Light equipment3

+12% (+13%)

291.9

357.5

12M/16 12M/17

Americas2

+22% (+24%)

709.3817.6

12M/16 12M/17

Compact equipment3

+15% (+16%)

48.9 46.6

12M/16 12M/17

Asia-Pacific2

-5% (-4%)

297.2320.4

12M/16 12M/17

Services3

+8% (+8%)

(m€)

(m€)

(m€)

(m€)

(m€)

(m€)

Page 7: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Global footprint

7

More than 50 affiliates and 5,200 dealers in over 12,400 sites worldwide

Europe 74%

Americas 23%

Asia-Pacific 3%

Sales by region 2017 (as %)

Page 8: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

History – innovation from tradition (since 1848)

8

Focus on simplification of processes of our customers

1930:

first electric rammer

1937:

first internal vibrators

1971:

first Hoftrac®

1933:

Kramer tractors1956:

electric breakers

1984:

first mini excavator1987:

Allrad-technology Kramer

…1848:

Foundation

of the

blacksmith's

shop

Wacker

1991:

first articulated trench roller

1925:

Foundation

Kramer

1960:

Foundation

machine factory

Weidemann KG

Page 9: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

9

Focus on simplification of processes of our customers

…2007:

Merger of Neuson Kramer

Baumaschinen AG und

Wacker Construction

Equipment AG

2001:

Merger of the companies

Neuson Baumaschinen GmbH

and Kramer-Werke GmbH

2005:

Weidemann GmbH

joins the group

2004:

first joystick steering system

2001:

first six-ton excavator with pivot arm

History – innovation from tradition (since 1848)

2008:

first cabin dumpers2015:

first battery powered rammer

2010:

first compact telehandler

Page 10: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Company values

Culture of a traditional, family-run business

10

Expertise

No matter what we do, we are

always looking for ways to do it

better – and to the highest quality

standards. We understand the

benefits that our equipment and

services offer our customers and

we know the strengths and

weaknesses of our competitors.

These insights enable us to find

new ways of solving problems

and launching innovative

products for our customers.

Passion

We are passionate about

delivering excellent results, feel

compelled to achieve our goals

and often reach beyond

ourselves to go the extra mile.

Challenges inspire us to be more

creative. We recognize

outstanding performance and

celebrate our successes.

Agility

We understand that needs vary

from one customer to another and

so we make it our personal

business to always respond to

each new challenge with agility

and efficiency. We never lose

sight of the big picture. Organized

in self-starting teams, we ensure

that information is shared quickly

and transparently across the

company. We value and respect

each other.

Entrepreneurship

As a family-run company, we

focus on the challenges that lie

ahead, taking an open-minded,

bold approach to new business

opportunities. With a clear focus

on targets and execution

efficiency, we aim for sustainable,

profitable growth. As employees,

we pride ourselves on our sense

of initiative, responsibility and

reliability, as well as our ability to

think outside the box.

Family Wacker 33%

Family Neunteufel 30%

Free float 37%

Shareholder structure

Number of shares:

70,140,000

Page 11: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Overview

11

Our future

Company profile

Our business model

Page 12: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Our brands and target groups

12

Construction industry, gardening and landscaping firms, municipal

services, recycling, railroad/track construction, rescue services,

energy sector, etc.

Agriculture, horse farming, tree nurseries etc.

Page 13: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

13

Light Equipment Services

More than 40 product groupsOver 250 product groups

Compact Equipment

Excavators

1in selected countries

Concrete technology Compaction

Product range to meet the full spectrum of customer needs

Demolition Power & Lighting Pumps

Heating

Dumpers

Telehandlers Wheel loaders

AcademyUsed machines1

Repair1 &

Maintenance1

Financing

Rental service1

e-Store1 Concrete Solutions

Telematics

Skid SteersBackhoe-loaders

Page 14: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Beside construction, more industries are gaining of importance

14

Light equipment 27%

Compact equipment 52%

Services 21%

Markets Light equipment Compact machines

Agriculture

Renovation/rehabilitation

Development

Infrastructure (road and highway

construction, bridge construction)

Gardening and landscaping

Handling logistics/port logistics

Residential construction

Demolition

Maintenance/repairs

Industry & Recycling

Underground construction

Oil & gas/energy industry

Events

Municipalities

Business segments

Revenue split (2017, as %)

Target group oriented sales:

Page 15: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Strategic alliances and partnerships leverage our sales

15

1 Not in Japan.2 Commonwealth of Independent States. 3 Kramer “green line” only.

Wacker Neuson produces for Caterpillar1 Kramer3 distributes via JD‘s dealer network

Wacker Neuson via Everdigm‘s network Weidemann via ISEKI‘s network Wacker Neuson via MHE‘s network

HAMM produces for Wacker Neuson

Core Markets: Europe & North America

Latin America and Asia

Randon produces for Wacker Neuson

OEM (global)OEM (global1) Distribution (EMENA & CIS2)

OEM (Latin America) Distribution (Korea) Distribution (Japan) Distribution (ASEAN)

Page 16: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Focus on customer processes

16

Cutting Breaking Excavation Filling Compaction Asphalt compaction

Breakers Vibratory platesFloor/cut-off saws Wheel loaders Rammers

Light towers Pumps

Utility

Generators

Compact excavators

Innovative and high quality product solutions drives working process economical and ecological – one-stop provider.

Page 17: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Development and production sites

17

Pfullendorf (GER) Korbach (GER)

All-wheel steered

wheel loaders

Telehandlers

Articulated steered

wheel loaders

Hoftracs®

Telehandlers

Production / Academy / R&D Production / R&D Production / R&D

Reichertshofen (GER)

Concrete

technology

Internal/external

vibrators, frequency

converters

Soil and asphalt

compaction

Vibratory plates,

rollers, rammers

Demolition

Breakers

Hörsching (AT)

Production / R&D

Tracked and

wheeled excavators

Track and wheel

dumpers

Page 18: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Development and production sites

Milwaukee (USA)

Production

Concrete technology

Trowels

Soil and asphalt

compaction

Rammers, rollers, trench

rollers

Utility

Generators, pumps, heater,

light towers, lighting

Material handling

Skid steer loaders,

compact track loaders

Kragujevac (Serbia)

Premanufactured

steel components

Production / R&D

Itatiba, São Paulo

(Brasil)

Mobile generators

Production

Pinghu (China)

Production

Mini-excavators

Construction

equipment for Asia

in the course of

2018

18

Page 19: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Selected innovations (I)

19

Continuous overdrive gearboxExcavator 803 with dual power

vls / smart handling Battery-driven rammers

• Hydrostatic large-angle drive with

continuous speed control from 0 – 40 km/h.

• Maximum shear force and tractive force in

all driving and working situations.

• Maintenance-free electric motor that is

started at the push of a button

• 100% emission-free work expands the

application range (e.g. compaction in trench

applications or in urban areas)

• Same compaction performance as

comparable gasoline-powered rammers

• Low operating and energy costs

Protection against overload by means of the

automatic and load-dependent down-telescoping.

Also safe for inexperienced operators

increased operating safety

clear increase in efficiency in daily use.

Emission-free and standard diesel

engine; one model for two job sites.

Same performance with diesel or HPU

operation.

HPU specially designed for excavator

application.

No limitation of working movements.

Page 20: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Selected innovations (II)

20

Excavators with extremely economical consumption

Vertical Digging System (VDS)

Compatec compaction control

Weidemann-branded eHoftrac® 1160

High performance, low energy.

Battery-operated electric wheel loader.

No emission of harmful substances such as

CO2, soot particles or other exhaust gases.

Up to 5 hours under full workload.

30% higher productivity and 20% less fuel

consumption

Unique kinematics: up to 20% more

breakout force, greater vertical cut-in depth

Total angle of rotation 200 degrees

Better view of the working area

Diverse options

Measurement of the relative compaction

progress during compaction. Protecting the

machine: avoidance of over-compaction and

overloading.

Display adapts to the ambient light Ideal for

inexperienced users, low acquisition costs.

Measurement sensor on the upper mass: lower

risk of damage, longer service life.

Available for trench rollers and vibratory plates.

Shorter digging times through exact

vertical digging.

Usual upright seating position

More productivity and greater

efficiency

Fatigue-free working.

Page 21: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Selected innovations (III)

21

WM80 two-cycle engine for rammers and gas breakers

Equipment operation without any time restrictions

(according to EU directive 2002/44/EG).

Comfortable working without health burden.

Elimination of obligatory documentation

requirement.

No preventative measures necessary.

Efficient compaction performance.

Emissions fall significantly below current emission

thresholds and those announced for the future.

High single stroke impact energy with low

emissions.

Typical two-cycle engine: even on uneven terrain

fully functional.

RT-SC3 trench roller

Simple detachment of attachment drums

to reduce the operating width from 82 cm

to 56 cm.

Third infra-red receiving eye

Increased maneuverability and flexibility.

The engine control module with diagnostic

LEDs monitors machine functions.

Compaction control Compatec available.

Vibratory plates with low hand-arm vibrationsKramer 5055e all-wheel drive electric wheel loader:

Zero emissions and extremely low noise

levels

First fully electric wheel loader in the 0.55

m³ bucket capacity class

Performance, maneuverability and user

friendliness all match the conventional

model

Cost effective

Page 22: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

22

Wacker Neuson Group leading alternative drive technologies

EZ17e

Page 23: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

23

Sustainability Management @ Wacker Neuson Group

Ensuring the highest occupational safety

standards

Operator safety and protection for customers and

users

Maintaining quality across all processes

Energy- and resource-efficient processes in production,

sales, logistics and administration

Tapping unused energy efficiency potentials and

reducing costs through energy and environmental

management systems (ISO 50001, ISO 14001) and

energy use control

Environmentally friendly products and solutions for

customers (ECO products)

Intensive dialogue with customers / stakeholders and

involving them in the product development process

Building a reputation as an attractive employer

Responsible interaction between colleagues

Regular involvement in social projects (corporate

citizenship)

Sustainable value chain

Reducing operating costs for customers through

energy-efficient products (zero-emissions products)

Legal compliance and anti-corruption

Integration of management systems (quality, energy,

environment)

Ecology Society

Safety Economy

Current sustainability report: www.wackerneusongroup.com/en/sustainability/downloads/

Building a stronger position to meet growing challenges

Page 24: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Overview

24

Our future

Company profile

Our business model

Page 25: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Megatrends are increasing global demand for our products

25

Page 26: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Trends driving Group business

26

Construction industry

Modernization of infrastructure in mature and emerging

markets

Products and services adapted to local customer requirements

Expansion of broadband networks (super-fast Internet)

Reconstruction (renovation, modernization)

Increase in residential and non-residential construction in

cities (urbanization)

Greater emphasis on environmental protection (stricter

emissions legislation)

Digitalization of products and services

Opportunities

Agriculture and other sectors

Increasing global demand for food and fodder due to

population growth

Shift towards larger holdings (especially in Europe) with

greater demand for mechanization (multifunctional equipment)

Increasing industrialization/automation of agricultural

operations, including in emerging economies

More efficient transportation of material in the industrial sector

Greater emphasis on environmental protection (stricter

emissions legislation)

Digitalization of products and services

Page 27: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Strategy 2022

27

Costumer Centricity: Focus – Acceleration – Excellence

Mission – What do we stand for

Everything we do, think and learn is inspired by the success of our customers in

the construction and agricultural sectors. We stay close to our customers around

the world so we are always getting quicker and better at understanding their

regional needs, challenges and worksite processes. As a specialist for light and

compact equipment, we proactively offer innovative solutions, products and

services that strengthen our customers’ business success in the long term.

Vision – Where we are headed

We are the most innovative trendsetter in the industry, growing twice as fast as

the market. We are the partner of choice for our customers. Our core strengths lie

in closer customer ties, customer-centric product development, digitalization and

product/service networking. We maintain a corporate culture that values and

respects individual effort and we channel our efforts into gaining a leading position

in all areas.

Strategy – What drives us forward

Goals - How we measure success

Page 28: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

1,534

0

500

1.000

1.500

2.000

2.500

2017 2018e 2022

EBIT margin

9.0 – 10.0 %

>2,000

(Revenue in € m)

Revenue and EBIT margins 2017–2018e–2022

+8% to +11%

EBIT margin

8.6%

1,650–1,700

Forecast for 2018 and goals for 2022

28

Investments (2018e) of ~ € 60 m

EBIT margin

>11%

Page 29: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Strong financial position Independence

Long-term growth strategies Family culture Technology leader Highest product and service quality

Flexible production Sophisticated logistics Balanced revenue structure Cross-industry focus

Global footprint Targeted internationalization Customer proximity

Experienced, highly motivated employeesSustainable business practices Cooperations

Unparalleled extensive portfolio Balanced risk profile Strong profit margins

Great reasons for choosing Wacker Neuson Group

29

Page 30: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

March 20, 2018 Publication of annual report 2017

May 8, 2018 Publication of Q1 report 2018

May 30, 2018 AGM, Munich

August 7, 2018 Publication half-year report 2018

November 8, 2018 Publication of Q3 report 2018

Financial calendar and IR contact

Financial Calendar

IR contact

Investor Relations Department

Preussenstrasse 41, 80809 Munich, Germany

Phone: +49-89-35402-173, Fax: +49-89-35402-298

[email protected]

30

Page 31: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

DisclaimerCautionary note regarding forward-looking statements

31

The information contained in this document has not been independently verified and no representation or warranty

expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or

correctness of this information or opinions contained herein.

Certain statements contained in this document may be statements of future expectations and other forward looking

statements that are based on management‘s current view and assumptions and involve known and unknown risks and

uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied

in such statements.

None of Wacker Neuson SE or any of its affiliates, advisors or representatives shall have any liability whatsoever (in

negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising

in connection with this document.

This document does not constitute an offer or invitation to purchase or subscribe for any securities and neither it nor any

part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

Page 32: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Appendix

32

Page 33: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Concrete technology

33

Page 34: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Concrete technology

34

Page 35: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Trowels

35

Page 36: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Compaction

36

Page 37: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Cutting & Breaking

37

Page 38: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Heaters

38

Page 39: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Pumps

39

Page 40: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Power and light

40

Page 41: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Compact machines

41

Page 42: WN Company Presentation March 2015 - Wacker Neuson€¦ · Company Presentation. Overview 2 Our future Company profile Our business model. Facts and figures 3 Headquarters Munich,

Attachments

42