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Investora 2016
The Schaffner GroupWe shape electrical power
We shape electrical power…
Key figures (based on FY 2014/15)
| Net sales CHF 201.8 million
| EBIT margin: 4.4%
| Net profit: CHF 6.3 million
| Market cap as of 14.09.2016: CHF 153 million
| 3,143 employees worldwide
Electro Magnetic Compatibility filters (EMC)– No 1 in EMC filters
Power Magnetics (PM)– No 3 in transformers/inductors
Automotive (AM)– No 2 in keyless entry antennas
Net sales growth above GDP
USA 23% Europe 41% Asia 36% Production Sites
100%
150%
200%
FY 14/15 FX Reported
Divisions with leading market positions Balanced sales and global footprintFY 2014/15
… with three divisions that are amongst the leaders in their niche markets
Electro Magnetic Compatibility Power Magnetics Automotive
No. 1 in EMC filters 1
Sales: CHF 95.3 million 2
EBITA: CHF 8.9 million
Market size EMC: CHF 300 million
1) No. 2: TDK (Japan/Germany)
2) Total sales of EMC division incl. PQ
24
Marketsharein %
No. 3 in transformers/inductors 2
Sales: CHF 63.6 million
EBITA: CHF 0.9 million
Market size: CHF 1.8 billion
2) No. 1: Hammond Power Solutions (Canada)
4
Marketsharein %
No. 2 in keyless entry antennas 3
Sales: CHF 42.8 million
EBITA: CHF 6.2 million
Market size: CHF 150 million
3) No. 1: Sumida Corporation (Japan)
25
Marketsharein %
All financials: based on FY 2014/15. Market sizes and shares are Schaffner estimates for the main product lines of the divisions
Business model
•Products•Solutions•Services
Global footprint
Competencecenter
Unique positionin
power electronics
• Innovations• Global talents• Research network
• USA• Europe• Asia-Pacific
• EMC• Power Quality• Power Magnetics• Automotive
Client and marketneeds
Solutions from Schaffner eliminate distortions of electrical power …
… wherever power is converted by electronics
Buildings
Renewable energy
Rail transportation
Automotive
Health care
LED
Oil & Gas
Water treatment
Smart grids
Marine
Robotics
Machinery
Markets of the Schaffner Group
SLIDE 7
Complementary offerings for growth markets
EMC: Best filtering for power electronics today and tomorrow
EMC filter componentLow power EMC filterHigh power EMC filter
Middle frequency filterMotor protection filter
Most complete portfolio of EMC filter solutions
Regen LCL filter
Power Quality: Driving Growth with Systems and Services
Active filters Solutions Passive filters
Power Magnetics: Leading solutions for mission-critical applications
| Water-cooled inductor formotor drives
| Filter inductor for heavy-duty freight locomotives
| Transformer/inductorcombination for PV inverters
Application examples
Automotive: Serving high growth niche markets
Low frequency antennas (LFA) for keyless entry systems
EMC filters for electric and plug-in hybrid vehicles (EV/PHEV)
SLIDE 11
From IFRS to Swiss GAAP FER
| With retroactive effect as of the beginning of FY 2015/16 on 1 October 2015
| Goodwill and intangible assets from acquisitions will be offset against shareholders’ equity
| Pension obligations will be revalued
| Last trading on International Reporting Standard on 30 September 2016
| First trading on Swiss Reporting Standard on 3 October 2016
H1 2015/16 | in CHF million FER IFRS
Net sales 92.6 92.6
EBIT 1.7 0.5
Net profit 0.5 -0.3
31.3.2016 | in CHF million
Intangible assets 1.7 20.7
Equity ratio 39% 41%
Innovation and portfolio diversification lead to sustainable growth
Capital employed by division
Gross marginNet sales
Net sales growth above GDP
0
20
40
60
80
2009/10 2010/11 2011/12 2012/13 2013/14 2014/15
AM
PM
EMC
050
100150200250
AM
PM
EMC
0%
10%
20%
30%
40%
50%
2009/102010/112011/122012/132013/142014/15
Total
EMC
PM
AM
100%
150%
200%
FY 14/15 FX Reported
Schaffners value proposition
SLIDE 14
Division EMC
| Global market leader| Growth drivers: increase market
share, new niches| Customer benefit: increased reliability
and energy efficiency of system
Division Power Magnetics
| Global supplier in a highly fragmented market
| Growth driver: new technologies | Customer benefit: increased reliability
and energy efficiency of system
Business Unit Power Quality
| Start-up| Growth drivers: use of power electronics| Customer benefit: increased reliability and
energy efficiency of system
Division Automotive
| A leading global supplier in a niche market| Growth drivers: strong market growth,
opportunities in electro vehicles | Customer benefit: recognized global supplier
> CHF180 m
Group financial targets
| Net sales growth, organic > 5%
| EBIT > 8%
| ROCE > WACC
| Leverage ratio target: Net debt/EBITDA < 3
| Long term equity ratio > 40%
| Dividend policy: pay-out ratio 25-35% of net income
Leader in technological and application know-how
Most complete solution portfolio
Most global amongst all competitors
Excellent growth opportunities in expanding market
Attractive capital returns
We shape electrical power – and create value
SLIDE 16
9
Investora 2016
The Schaffner GroupWe shape electrical power