capital markets day 2010 - alfalaval.com · november 23, 2010 in copenhagen 10:3010:30 business...
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Capital Markets Day 2010Capital Markets Day 2010
www.alfalaval.com
Lars RenströmLars RenströmPresident and CEOPresident and CEO
Alfa Laval GroupAlfa Laval Group
November 23, 2010 in CopenhagenNovember 23, 2010 in Copenhagen
10:3010:30 Business update and Q&ABusiness update and Q&ALars Lars RenströmRenström, , SvanteSvante KarlssonKarlsson, Susanne , Susanne PahlenPahlen ÅklundhÅklundh and Thomas and Thomas ThuressonThuresson
13:15 13:15 Innovative technologies; 5 parallel sessionsInnovative technologies; 5 parallel sessions
-- Heat Transfer, Nish PatelHeat Transfer, Nish Patel
-- Separation, Separation, TorbjörnTorbjörn WestbergWestberg
LunchLunch
Capital Markets Day 2010 Capital Markets Day 2010
www.alfalaval.com© Alfa Laval Slide 3
-- Separation, Separation, TorbjörnTorbjörn WestbergWestberg
-- Quality and safety in the food and pharmaceutical industries, Ole Petersen & Quality and safety in the food and pharmaceutical industries, Ole Petersen & Mats Mats SkogmanSkogman
-- How to turn waste water into pure water, Sammy How to turn waste water into pure water, Sammy HulpiauHulpiau
-- Heat recovery in the process industry, Hans Heat recovery in the process industry, Hans DahlenDahlen
15:55 15:55 Q&A and closing remarksQ&A and closing remarksLars Lars RenströmRenström
SEK millionSEK million
Update from Q3 reportUpdate from Q3 report
Orders receivedOrders receivedSEK million R 12SEK million R 12
www.alfalaval.com© Alfa Laval Slide 4
= rolling twelve months value= rolling twelve months value
= order intake per quarter= order intake per quarter
Q10
9Q
109
Q30
6Q
306
Q40
6Q
406
Q10
7Q
107
Q20
7Q
207
Q30
7Q
307
Q40
7Q
407
Q10
8Q
108
Q20
8Q
208
+17%
+17%
+40%
+40%
+36%
+36%
+13%
+13%
+30%
+30% 0%
0%
+9%
+9%
+8%
+8%
= % development at constant rates by = % development at constant rates by quarter, year on yearquarter, year on year
+xx%+xx%
--3%
3%
Q30
8Q
308
Q40
8Q
408
--15%
15%
--32%
32%
Q20
9Q
209
--37%
37%
Q30
9Q
309
--30%
30%
Q40
9Q
409
--12%
12%
--13%
13%
Q11
0Q
110
Q21
0Q
210
+21%
+21%
Q31
0Q
310
+21%
+21%
Update from Q3 report Update from Q3 report
Orders received by RegionOrders received by Region
Asia 33 %Asia 33 %Asia 33 %Asia 33 %
July July –– September 2010, September 2010, at constant ratesat constant rates
--99--99+67+67+67+67
+14+14+14+14
+26+26+26+26
+16+16+16+16
www.alfalaval.com© Alfa Laval Slide 5
+9+9+9+9
SEK millions and in percent of salesSEK millions and in percent of sales
Update from Q3 report Update from Q3 report
Adjusted EBITA / margin *Adjusted EBITA / margin *
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* Adjusted EBITA * Adjusted EBITA –– ”Earnings before interests, taxes, amortization of goodwill and step up values and comparison distortion item”Earnings before interests, taxes, amortization of goodwill and step up values and comparison distortion items.”s.”
Q108 Q109 Q409 Q110 Q210 Q310Q307 Q407 Q208 Q308 Q408 Q209 Q309
Highlights so far Q410Highlights so far Q410
�� Petrochemical order in India.Petrochemical order in India.Order value SEK 110 million. Delivery in 2011Order value SEK 110 million. Delivery in 2011
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�� Petrochemical order in India.Petrochemical order in India.
�� Acquired Acquired DefinoxDefinox –– leading fluid handling companyleading fluid handling companyIndependent channel to the market with a sales of about SEK 200 million Independent channel to the market with a sales of about SEK 200 million and some 120 employees. Consolidated into the Alfa Laval group from and some 120 employees. Consolidated into the Alfa Laval group from
Highlights so far Q410Highlights so far Q410
www.alfalaval.com© Alfa Laval Slide 8
and some 120 employees. Consolidated into the Alfa Laval group from and some 120 employees. Consolidated into the Alfa Laval group from November 1, 2010.November 1, 2010.
�� Petrochemical order in IndiaPetrochemical order in India
�� Acquired Acquired DefinoxDefinox –– leading fluid handling companyleading fluid handling company
Highlights so far Q410Highlights so far Q410
�� Refinery order in IndiaRefinery order in India
www.alfalaval.com© Alfa Laval Slide 9
�� Refinery order in IndiaRefinery order in IndiaOrder value SEK 50 million. Delivery in 2011Order value SEK 50 million. Delivery in 2011
Reasons to invest in Alfa LavalReasons to invest in Alfa Laval
Alfa Laval’s positionAlfa Laval’s positionNo. 1 in all three product areasNo. 1 in all three product areas
www.alfalaval.com© Alfa Laval Slide 10
33--4% acquired 4% acquired growth p.a.growth p.a.
ExcellentExcellentglobalglobalpresencepresence
Environment FoodEnergy
Reasons to invest in Alfa Laval Reasons to invest in Alfa Laval
Structural demandStructural demand-- LongLong--term term growthgrowth driversdrivers
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GlobalizationGlobalizationImproved living Improved living standardstandard
EnergyEnergy EnvironmentEnvironment
-
-25 00025 000
30 00030 000
35 00035 000MSEKMSEKInvoicing, constant ratesInvoicing, constant ratesInvoicing, constant ratesInvoicing, constant rates
Profitable growth Profitable growth
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10 00010 000
15 00015 000
20 00020 000
20022002--0909 20032003--0909 20042004--0909 20052005--0909 20062006--0909 20072007--0909 20082008--0909 20092009--0909 20102010--0909
CAGRCAGR
03090309--10091009
= 8.0%= 8.0%
CAGRCAGR
03090309--10091009
= 8.0%= 8.0%
+37%+37%
Parts & Service headcount developmentParts & Service headcount development
Profitable growthProfitable growth
Investments in the aftermarketInvestments in the aftermarket
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455
520
590615
550
658
400
500
600
700
+45 %+45 %
Profitable growthProfitable growth
Investments in the aftermarketInvestments in the aftermarketParts & Service total sales, MEURParts & Service total sales, MEUR
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0
100
200
300
2005 2006 2007 2008 2009 2010E
Profitable growth Profitable growth
Complementary acquisitionsComplementary acquisitions
� In last five years Alfa Laval has made 27 acquisitions adding 4.3 BSEK in sales at the time of the acquisition
� Bolt-on acquisitions adding 3-4% annual sales growth
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annual sales growth
� Continue to acquire companies that complement Alfa Laval in terms of geography, channels or products
Selected niches Selected niches with significant with significant
CHECHECHECHE
S&TS&TS&TS&T The heat exchanger market The heat exchanger market Global Market = 10 BGlobal Market = 10 B€€
Leadership with Leadership with MultiMulti--BrandBrand •• WCRWCR
•• LHELHE
Technology barriersTechnology barriers
Profitable growthProfitable growth
Wider range of products and servicesWider range of products and services
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with significant with significant entry barriers entry barriers
S&TS&TS&TS&T
AIRAIRAIRAIR
Global Market = 10 BGlobal Market = 10 B€€
DryDry--cooler as a cooler as a core product core product
•• ManufacturingManufacturing IndiaIndiaand and RussiaRussia
•• EvaluatingEvaluating ChinaChinaand Braziland Brazil
Distribution barriersDistribution barriers•• ChampChamp
PetrochemicalsPetrochemicals
Profitable growth Profitable growth
Opportunities Opportunities Oil and gas Oil and gas
E&PE&P
RefiningRefining BiofuelsBiofuels PowerPower
Tar SandsTar Sands Gas to LiquidsGas to LiquidsLNGLNG Coal Gasification/ Coal Gasification/ COCO Sequestration Sequestration
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Tar SandsTar Sands Gas to LiquidsGas to LiquidsLNGLNG Coal Gasification/ Coal Gasification/
LiquefactionLiquefaction
COCO22 Sequestration Sequestration
and Storageand Storage
Profitable growth Profitable growth
Fast growing regions = 45 % Fast growing regions = 45 %
www.alfalaval.comSlide 18
BRIC countries = 23 % BRIC countries = 23 %
Profitable growth Profitable growth
Moving westMoving west
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Facts & FiguresFacts & Figures
��Population: 31.4 mPopulation: 31.4 m
��GDP: 585 billion RMBGDP: 585 billion RMB
��Urban: 52%Urban: 52%
�� Traditional Economic base: Traditional Economic base: Consumer goods production Consumer goods production
Profitable growth Profitable growth
ChongqingChongqing
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Consumer goods production Consumer goods production in foods, textiles, automotive in foods, textiles, automotive products, agricultureproducts, agriculture
A substantial development A substantial development of presence and productsof presence and products
to meet growing local demands!to meet growing local demands!
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Reasons to invest in Alfa LavalReasons to invest in Alfa Laval
Alfa Laval’s positionAlfa Laval’s positionNo. 1 in all three product areasNo. 1 in all three product areas
www.alfalaval.com© Alfa Laval Slide 22
33--4% acquired 4% acquired growth p.a.growth p.a.
ExcellentExcellentglobalglobalpresencepresence
Environment FoodEnergy
www.alfalaval.com© Alfa Laval Slide 23
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