presentazione londra ok 28 09 06.pps - prima industrie€¦ · additional 150 employees in china in...
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COMPANY PROFILE
Milano, 2-3 /3/2005
COMPANY PROFILESTAR Conference 2006 – London – September 27-29
PI.C.GB.06.09.03 2
PRIMA Group at a glance
Global player in laser systems for industrial applications:•3rd player in Europe•5th player Worldwide
Over 1,000 customers in automotive, aerospace and in a wide range of other sectors
About 2,500 laser systems installed in over 40 countries
Consolidated sales in 2005 over 110 M€, with 75% export
6 Manufacturing facilities in Italy (2), USA (2) and China (2)
World leader in multi-axis systems for automotive & aerospace:•Estimated 45% market share in Europe•Estimated 30% market share in North America
550 employees in Italy (370), USA (120) and Europe (60). Additional 150 employees in China in JV (not consolidated)
PI.C.GB.06.09.03 3
E U R O P E
PRIMA ELECTRONICSTORINO - Italy
100%
50%
50%
PRIMA INDUSTRIETORINO - Italy
100%
AMERICA A S I A
PRIMANORTH AMERICA
SPRINGFIELD (MA) - USA
Group Structure
PRIMA RESEARCH CENTREBARI
57.8%
6.1%(*)
30%
PRIMA FRANCEPARIS
PRIMA GMBHFRANKFURT
PRIMA INDUSTRIE UKBIRMINGHAM
PRIMA ESPANA BARCELONA
PRIMA SCANDINAVIA GOTEBORG
CONVERGENT LASERS DIVISION (MA)
PRIMA LASER TOOLS DIVISION(MA)
LASERDYNE SYSTEMS DIVISION (MN)
M L T A TORINO - Italy
E P STORINO - Italy
PRIMA CHINABEJING- China
SMTCL – PRIMASHENYANG - China
UNITY PRIMASHANGHAI-China
SNK – PRIMAOSAKA - Japan
WUHAN OVLWUHAN- China
27.5%
(*):Expected as at Dec.31,2006
100%
100%
100%
PI.C.GB.06.09.03 4
Group Facilities
ITALY
Moncalieri (Torino),ItalyCNC, servodrives and custom electronic
products.
Shanghai, China CO2 2D laser system
for cutting andScribing.
Chicopee, MA (USA)CO2 and Nd: YAG lasers.
COLLEGNO (TORINO), ITALYCO2 2D and 3D laser
systems for cutting and welding.
Champlin, MN (USA)Nd: YAG and CO2 2D and 3D
laser systems for drilling, cutting and
welding.
USA CHINA
Shenyang, China CO2 2D laser system
for cutting
USA CHINA
PI.C.GB.06.09.03 5
Worldwide Network
Distributors and Agents
Direct presence (group companies, branch offices, JVs)
Headquarters
World
Europe
PI.C.GB.06.09.03 6
Prima Group today
HIGH TECH LEADER IN LASER SYSTEMS FOR HIGH POWER INDUSTRIAL APPLICATIONS
2D Laser cutting
3D laser cutting
Laserdrilling
Laserwelding
OVER 25 YEARS OF EXPERIENCEFULLY INTEGRATED KNOW-HOW
Laser generator
CNC &software Automation
Cuttinghead
3D Selected Customers
TIER 1 suppliers
Car manufacturers
Automotive
Energy
Aircrafts manufacturers
Engine / Component manufacturers
Aerospace
2D Selected CustomersAgricultural & Construction machines,Trucks & Trailers
HVAC, White Goods
Forklifts, Industrial Machinery, Others
Electronics Selected Customers
Electronics
PI.C.GB.06.09.03 10
Laser machines
.
PI.C.GB.06.09.03 11
0
20
40
60
80
100
120
1995 2000 2005 20100,0
1,0
2,0
3,0
4,0
5,0
6,0
PI Group sales Market size
LASER SYSTEMS SECTOR GROWTH vs PRIMA INDUSTRIE GROUP GROWTH
STRONG GROWTH
DRIVERS AS COMPARED TO
TRADITIONAL
TECHNOLOGIES
• PRODUCT QUALITY
• PROCESS FLEXIBILITY
• COST EFFICIENCY
•TIME TO MARKET REDUCTION
• ENERGY/FUEL SAVINGS
Laser systems market
(Million €)
Prima Industrie consolidated sales vs Market size
CAGR PI 95-05 +17,05%
(Billion €)
CAGR MARKET 95-05 +11,3%
+10,7%CAGR MARKET 05-10 Expected
Actual
Actual
PI.C.GB.06.09.03 12
R&D: Aknowledgemnts and Awards
Syncrono …Prima Industrie
IlSole24Ore:“La Ferrari dei robot. Syncrono,
la macchina laser ad altissima precisione e super veloce di Prima Industrie,
considerata il gioiello della tecnologia italiana.”
PI.C.GB.06.09.03 13
R&D: Strong commitment and product innovation
• Over 80 Engineers in R&D.
• R&D centers in:
•Italy (Torino and Bari)•USA (Chicopee and Champlin)
R&D expenses to P/L
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
1997 1998 1999 2000 2001 2002 2003 2004 2005
k€
0,0%
1,0%
2,0%
3,0%
4,0%
5,0%
6,0%
7,0%
8,0%
% o
n sa
les
PI.C.GB.06.09.03 14
CONSOLIDATED FIGURES
AS AT
JUNE 30, 2006
(IFRS/IAS compliant)
PI.C.GB.06.09.03 15
INCOME STATEMENT
SALES 66,677 46,370
EBITDA 7,348 2,861
AS A % OF SALES 11.0% 6,2%
EBIT 6,705 2,281
AS A % OF SALES 10.1% 4.9%
EBT 6,218 1,749
AS A % OF SALES 9.3% 3.8%
NET RESULT 4,493 777
June 30, 2006 June 30, 2005K€
VALUE OF PRODUCTION 68,490 50,311
AS A % OF SALES 6.7% 1.7%
PI.C.GB.06.09.03 16
BALANCE SHEET
NON-CURRENT ASSETS 18,028 17,378
NET EQUITY 33,412 30,839
CURRENT ASSETS 82,575 80,594
NET FINANCIAL POSITION 7,376 7,733
DEBT / EQUITY 0.22 0.25
NON-CURRENT LIABILITIES 5,038 4,965
CURRENT LIABILITIES 54,777 54,435
June 30, 2006 Dec. 31, 2005K€
PI.C.GB.06.09.03 17
Bookings per month
10,13611,172
15,450
13,281
16,315 15,864
-
4,000
8,000
12,000
16,000
20,000
Jan Feb Mar Apr May Jun
2004
2005
2006
Average ltm
ORDER ACQUISITION TREND
Cumulative order acquisition
10,136
21,308
36,757
50,038
66,353
82,217
-
20,000
40,000
60,000
80,000
100,000
Jan Feb Mar Apr May Jun
2004 2005 2006
PI.C.GB.06.09.03 18
SALES BREAKDOWN BY MARKET
June 30, 2005
Other5%Laser
sources1%
Sheet metal processing
55%
Aerospace & Energy
7%
Electronic compon.
20%
Automotive12%
June 30, 2006
Other9%
Laser sources
2%
Sheet metal processing
51%
Aerospace & Energy
12%
Electronic compon.
16%
Automotive10%
2006 – Consolidated Figures
PI.C.GB.06.09.03 19
2006 – Consolidated Figures
SALES BREAKDOWN BY GEOGRAPHIC AREA
June 30, 2005
Italy28%
U.S.A.17%
R.O.W.12%
Europe43%
June 30, 2006
Italy23%
U.S.A.22%
R.O.W.11%
Europe44%
PI.C.GB.06.09.03 20
Stock price trend
Prima Industrie Star
PI.C.GB.06.09.03 21
Shareholders’ structure & Board of Directors
BOARD OF DIRECTORS
CHAIRMAN & C.E.O. Gianfranco CARBONATO
BOARD MEMBERS Domenico PEIRETTI (1)
Sandro D’ISIDORO (2)
Fabrizio LUGARESI(3)
Mario MAURI (3)
Pio PELLEGRINI (3)
Marco PINCIROLI (1)
(1) = Executive Director(2) = Non Executive Director(3) = Independent Director
CAPITALIA AM2,3%
CARBONATO GIANFRANCO (& family)
4,7%
MANAGEMENT3,6%
PEIRETTI DOMENICO (& family)
4,8%
LESTRI HOLDING B.V.4,5%
HELIOSPRIVATE EQUITY S.A. &
PARTNERS9,0%
ERSTE INTERNATIONAL HOLDING S.A.
27,8%MARKET43,3%