in CHF million 2016 2015 2014 2013 2012 60 sites in Asia / Pacific · 2017. 10. 27. · in CHF million FY 2016 FY 2015 Order intake 600 571 +5.1% Sales (to 3rd parties) 612 648 -5.6%

0.25 2% 2%3% 3%

2%

Dividend policy: Oerlikon announced a new dividend policy in 2015 that allows for annual distribution to shareholders of up to 50% of underlying net income, subject to the level of funds available.

Oerlikon (SIX: OERL) is a leading global technology Group, with a clear strategy of becoming a global powerhouse in surface solutions, advanced materials and materials processing. The Group is committed to investing in value-bringing technologies that provide customers with lighter, more durable materials that are able to increase performance, improve efficiency and reduce the use of scarce resources. A Swiss company with over 100 years of tradition, Oerlikon has a global footprint of over 13 500 employees at more than 180 locations in 37 countries and sales of CHF 2.3 billion in 2016. The company invested CHF 94 million in R&D in 2016 developing innovative and customer-oriented products and services.

What we do

Global brands and well-known customers Sales split FY 2016 Shareholder return

Profitability Bridge FY 2016Oerlikon’s transformation Capital allocation FY 2016

Five-year summary of key figures Over 13 500 employees, operating in 37 countries

Chairman – Prof. Dr. Michael Süss

CEO – Dr. Roland Fischer

CFO – Jürg Fedier

CHRO – Anna Ryzhova

� 1963, German citizen � Chairman of the Board of Directors since 2015

� 1962, German citizen � CEO since 2016

� 1955, Swiss citizen � CFO since 2009

� 1979, Russian citizen � CHRO since 2016

Dividend yield:Dividend in CHF per share:

2012 2013 2014 2015 20162012 2013 2014 2015 2016

0.27 0.30 0.30 0.30

Segment

53%26%

21%

Surface Solutions Manmade Fibers Drive Systems

Regional

32%

21%

42%

5%

Asia/Pacific North America Europe Rest of the World

Service

63%

37%

Service & Spare Parts Goods, Equipment & Components

Surface Solutions

Manmade Fibers

Drive Systems

R&D expenses

69%

19%

12%

CapEx

67%

11%

22%

Depreciation & Amortization

66%11%

23%

Manmade Fibers Segment

Key customers: � New Feng Ming Group � Reliance Industries � Tongkun Group � Wellknown Polyesters

Drive Systems Segment

Key customers: � Caterpillar � CNH � John Deere � McLaren � Oshkosh � Volkswagen

Surface Solutions Segment

Key customers: � Bosch � Eaton � GE � Rolls-Royce � Sandvik � Volkswagen

2013 2014 2015 2016 2017 2018

Acq

uisi

tions

Div

estit

ures

Coating Segment:Rox acquisition

Coating Segment:Metco acquisition

Textile Segment:Natural fibers business sold

Advanced Technologies Segment:Segment sold

VacuumSegment:

Segment sold

Solar Segment:Segment sold

Manmade Fibers Segment: Joint venture with Huitong

Surface SolutionsSegment: Laser Cladding Services™ acquisition

Manmade Fibers Segment: Trützschler Nonwovens & Man-Made Fibers GmbH acquisition

Surface Solutions Segment:Citim & DMX acquisition

Surface Solutions Segment:Recentis & Scoperta acquisition

Surface Solutions Segment:Primateria AB and DiaPac acquisition

in CHF million 2016 2015 2014 2013 2012

Order intake 1 2 413 2 537 2 647 2 779 2 802Sales 1 2 331 2 671 2 825 2 770 2 906EBITDA 1 334 338 2 475 483 547EBITDA margin 1 in % of sales 14% 13% 2 17% 17% 19%Net result 388 -418 3 202 201 380Cash flow from operating activities 4 269 393 427 435 414Capital expenditure 144 150 151 177 181Net cash 5 401 79 114 981 339Number of employees 1 13 840 13 723 14 039 12 660 12 708R&D expenditure 1 94 103 96 101 106

60 sites in Asia / Pacific

46 Surface Solutions Segment8 Manmade Fibers Segment6 Drive Systems Segment

82 sites in EMEA

69 Surface Solutions Segment3 Manmade Fibers Segment8 Drive Systems Segment2 Corporate

37 sites in the Americas

34 Surface Solutions Segment2 Manmade Fibers Segment1 Drive Systems Segment

1 2016, 2015 continuing operations, 2014 restated, 2013, 2012 as reported.2 Including restructuring costs of CHF 112 million.3 Including restructuring costs of CHF 112 million and impairment charges of CHF 476 million.4 Before changes in net current assets.5 2016, 2015 continuing operations, 2014, 2013, 2012 as reported.

334

EBITDAFY 2016

EBITFY 2016

EBITDADepreciation & Impairment

Amortization of acquired intangibles

Other Amortization

213-121

-33 -22 158

Oerlikon Group – Quarterly figures Surface Solutions Segment

The Segment includes the two brands Oerlikon Balzers and Oerlikon Metco. Oerlikon Balzers is a leading global supplier of PVD coatings and other surface technologies for precision components as well as metalworking and plastics processing tools. Oerlikon Metco enhances surfaces with coating solutions, materials and equipment.

in CHF million FY 2016 FY 2015

Order intake 1 236 1 233 +0.2%

Sales (to 3rd parties) 1 238 1 229 +0.7%

EBITDA 277 264 +4.9%

EBITDA margin 22.2% 21.4% +0.8pp19%

47%

29%

5%7%

Europe North America Asia / Pacific Rest of the World

Power Generation Tooling Automotive Aviation General Industry

24%13%

33%23%FY

2016FY

2016

Order intake in CHF million

Q3 16 Q4 16 Q1 17 Q2 17 Q3 17

Q3 16 Q4 16 Q1 17 Q2 17 Q3 17

Q3 16 Q4 16 Q1 17 Q2 17 Q3 17

Q3 16 Q4 16 Q1 17 Q2 17 Q3 17

Sales in CHF million

EBITDA in CHF million

EBITDA margin


The Segment with the product brands Oerlikon Barmag and Oerlikon Neumag is the world market leader for filament spinning systems, texturing machines and BCF carpet yarn, staple fiber spinning as well as nonwovens solutions.


Order intake 577 733 -21.3%

Sales (to 3rd parties) 481 794 -39.4%

EBITDA 16 85 1 -81.2%

EBITDA margin 3.3% 10.6%1 -7.3pp

7%8%


Filament spinning / texturing BCF carpet yarn / polymer processing Staple fiber / nonwoven

70%

22% 21%

12%

60%

FY2016

FY2016


The Segment includes the two brands Oerlikon Graziano and Oerlikon Fairfield. Oerlikon Graziano is a worldwide leader in the field of components for power transmissions. Oerlikon Fairfield is a manufacturer of engineered gear and drive solutions. Its products are sold worldwide to leading off-highway vehicle and industrial equipment manufacturers.


Order intake 600 571 +5.1%

Sales (to 3rd parties) 612 648 -5.6%

EBITDA 51 -192 >100%

EBITDA margin 8.4% -3.0%2 +11.4pp


Agriculture Transportation Construction Automotive Energy / Mining

33%

47%

16%4%

17%25%

34%18%

6%

FY2016

FY2016

1 Including one-time restructuring costs of CHF 43 million

2 Including one-time restructuring costs of CHF 68 million

13.9% 14.7% 14.2%

97

572

549

81

14.7%

660 712

613 608

86

14.2%

724

689

92

13.4%

739

722

112

15.5%

13.4%

15.8%

15.8%

24.1%74305300

21.6%

70324319

21.0%

70

332352

20.6%

70

340342

20.3%

69

337349

Oerlikon Surface Solutions Segment, a part of the Swiss-based Oerlikon Group (SIX: OERL), is a world-leading supplier of a unique and broad range of surface technologies, products and services. Under the technology-leading brands of Oerlikon Balzers and Oerlikon Metco, the Segments’ surface solutions are proven to significantly improve the performance, reliability and durability of precision components and cutting and forming tools. Oerlikon Balzers’ technologies can realize extremely thin and exceptionally hard coatings, while Oerlikon Metco offers equipment, materials and specialized machining services and components that complement its thermal spray, plasma heat treatment and laser cladding solutions. The Segment focuses on the aviation, power generation, oil and gas, automotive, metal and plastic processing, as well as in other specialized industries. In 2016, the Segment generated sales of CHF 1.2 billion and has over 6 500 employees in a dynamic global network of around 150 sites, of which over 140 are service and production centers in 37 countries. www.oerlikon.com/surface-solutions/

What we do

Two strong brands under one roof Sales split FY 2016 Well-known customer base

Profitability Bridge FY 2016Quarterly figures

Five-year summary of key figures Over 6 500 employees, operating in 37 countries

Group and Segment CEO – Dr. Roland Fischer

Under the brand Oerlikon Balzers, surface technologies can realize extremely thin and exceptionally hard coatings, thus significantly improving the performance and durability of precision components as well as cutting and forming tools.

Under the brand Oerlikon Metco, innovative coating solutions, equipment, materials, specialized machining services and components serve to improve the performance, efficiency and reliability of customers’ products.

� 1962, German citizen � CEO since 2016 � Previous position: CEO of Power and Gas Division of Siemens AG, Germany

in CHF million 2016 2015 20141 2013 2012

Order intake 1 236 1 233 965 510 501

Sales 1 238 1 229 973 510 501

EBITDA 277 264 183 149 145

EBITDA margin in % of sales 22.2% 21.4% 18.8% 29.2% 28.9%

Capital expenditure 96 91 79 74 64

R&D expenses 69 70 56 34 33

Net operating assets 1 372 1 325 1 421 350 332

Number of employees 6 528 6 140 6 063 3 278 3 126

1 Metco consolidated for 7 months

149 sites worldwide

46 in Asia / Pacific69 in EMEA34 in the Americas

Surface Solutions Segment

Automotive: � BMW � Bosch � Getrag � Toyota � Volkswagen � ZF

Oil & Gas: � Baker Hughes � Cameron � FMC � GE Oil & Gas � NOV � Sulzer Pumps

Power Generation: � Alstom � Andritz � GE Power & Water

� Mitsubishi/Hitachi

� Siemens � Solar Turbines

Aerospace: � GE Aviation � IHI � MTU � Pratt & Whitney � Rolls-Royce � Snecma

Order intake (in CHF million) Sales (in CHF million) EBITDA (in CHF million) EBITDA margin (in % of sales)

Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17

Region

Tooling Automotive Aviation General Industry Power Generation

End market


29%

19%47%

5%

33%

24%

23%

13%

7%

277

EBITDAFY 2016

EBITFY 2016



Other Amortization

209-68-31

-17 161

12%

21%

60%

7%

70%

22%

8%

What we do

Leading position in growing end market Sales split FY 2016 Well-known customer base


Five-year summary of key figures Over 2 500 employees serving customers worldwide

Segment CEO – Georg Stausberg

� 1963, German citizen � Segment CEO since 2015 � Previous position: CTO and COO of the Manmade Fibers Segment

in CHF million 2016 2015 2014 2013 2012

Order intake 577 733 901 1 073 1 039

Sales 481 794 1 073 1 130 1 103

EBITDA 16 85 217 207 209

EBITDA margin in % of sales 3.3% 10.6% 20.3% 18.4% 18.9%


R&D expenses 19 24 33 31 31

Net operating assets 163 225 128 14 31

Number of employees 2 278 2 528 2 552 2 480 2 511 13 sites worldwide

8 in Asia3 in Europe2 in the Americas


Filament spinning/Texturing: � Alok � Hengli Fiber � Hengyi � Jinjiang Group � Nan Ya � New Feng Ming Group � Reliance � Shenghong � Tongkun Group � Wellknown Polyester � Xinfengming Group

BCF/ Polymer processing: � Engineered Floors � Gülsan � Merinos � Mohawk � PNP Polymers � Shaw

Staple fiber/Nonwoven: � Albis � Far Easter

New Century � Glatfelter � Hollingsworth & Vose � Kolon Glotech � Reliance � Sanfangxiang


Region

Filament spinning/Texturing BCF/Polymer processing Staple fiber/Nonwoven

End market


Oerlikon Barmag is a global market leader in spinning and texturing systems for the production of manmade fibers such as polyester, nylon and polypropylene. Oerlikon Barmag is also well positioned in special markets for winders of specialty yarns and applications.

Oerlikon Neumag is a global market leader for complete production systems for bulked continuous filament (BCF carpet yarns) as well as solutions for synthetic staple fibers. Furthermore, Oerlikon Neumag is a leading provider of a broad range of nonwoven technologies with a focus on technical applications.

Oerlikon Manmade Fibers Segment, a part of the Swiss-based Oerlikon Group (SIX: OERL), is a global technology leader of complete plant solutions and systems for the production of chemical fibers, such as polyester, nylon and polypropylene, used mainly in fabrics and functional clothing as well as for technical textiles. Under the market-leading brands of Oerlikon Barmag and Oerlikon Neumag, the Segments’ solutions and systems for filament spinning, texturing, bulked continuous filament, synthetic staple fiber spinning and nonwovens are highly precise and energy efficient. The Segment is also a pioneer in offering groundbreaking sustainable technologies under its e-save program, which can help customers achieve up to 50% of energy savings in production processes. The Segment offers engineering, machine and component solutions from a single source: from melt to yarn, from polycondensation to high-precision winders. In 2016, the Segment generated sales of CHF 481 million and has a team of over 2 200 employees serving customers worldwide, with a strong focus on its main markets of China, India, Turkey and the USA. www.oerlikon.com/manmade-fibers/

Q3 16 Q4 16 Q1 17 Q2 17 Q3 17

1 0.6%

103134

80.2

6.0%

0.2%

141

106

195178

198173

42.3%

191199

22

11.1%

Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17

16

EBITDAFY 2016

EBITFY 2016



Other Amortization

1

-15

-2 -2 -3

Oerlikon Drive Systems Segment, a part of the Swiss-based Oerlikon Group (SIX: OERL), is a leading supplier of high-precision gear, drive and shifting solutions. Under the market-leading brands of Oerlikon Graziano and Oerlikon Fairfield, the Segment provides high-tech drive products and systems for a wide range of applications, from sports cars, hybrid and electric vehicles to machinery and equipment for the agriculture, construction, mobility (on-/off-highway, city buses), energy and mining sectors. Known for its excellent manufacturing, engineering and innovative expertise, the Segment has the expertise and capabilities to lead the full deployment of a development program from conceptual and simulation phases to mass production of complete mechatronic driveline systems as well as single gearing components. In 2016, the Segment generated sales of CHF 612 million and has a team of over 4 800 employees, operating its own production facilities in China, India, EMEAR and the Americas and serving customers worldwide. http://www.oerlikon.com/en/segments-drivesystems/

What we do

A global driver in transmission systems Sales split FY 2016 Well-known customer base


Five-year summary of key figures Over 4 800 employees serving customers worldwide

Segment CEO – Dr. Bernd Matthes

� 1960, German and US citizen � Segment CEO since 2014 � Previous position: President (and founder) of Automotive Strategy Consultants LLC

in CHF million 2016 2015 2014 2013 2012

Order intake 600 571 781 792 766

Sales 612 648 779 734 826

EBITDA 51 -19 82 67 111

EBITDA margin in % of sales 8.4% n/a 10.5% 9.1% 13.4%


R&D expenses 12 -10 -14 -13 -12

Net operating assets 360 349 945 925 959

Number of employees 4 819 4 832 5 194 5 157 5 177 15 sites worldwide

6 in Asia8 in Europe1 in the Americas


Agriculture: � AGCO � CNH Industrial � John Deere � Mahindra � Tafe � Turk Traktor

Construction: � Caterpillar � CNH Industrial � JCB � Sany � Tata Hitachi � Terex Lift

Others: � Allison Transmission � Aston Martin � GE Transportation � McLaren � Oshkosh � Volkswagen


Region

Agriculture Construction Transportation Automotive Energy/Mining

End market


The Oerlikon Graziano brand is a global player in power transmission and one of the largest manufacturers of gearing and drive solutions. In addition, Oerlikon Graziano is recognized as a technology innovator and is a world leader in the design, development and manufacture of Shifting Solutions™, drivelines and high-performing transmissions for a variety of special applications.

The Oerlikon Fairfield brand is one of the world’s largest integrated manufacturers of engineered gear and drive solutions for a variety of applications for mobile off-highway equipment and stationary industrial machinery. In addition, Oerlikon Fairfield’s competencies include the design, development and manufacturing of custom gears, custom drive assemblies and planetary drives.

16%

47%

4%

6%

34%

25%

17%

18%

33%

Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17

7.3%

10

141138

20

148146

13.6%

14

170182

8.4%

19176184 10.8%20186

199

10.7%

10.1%

51

EBITDAFY 2016

EBITFY 2016



Other Amortization

16

-35

-2 -2 12

Documents

in CHF million 2016 2015 2014 2013 2012 60 sites in Asia / Pacific · 2017. 10. 27. · in CHF million FY 2016 FY 2015 Order intake 600 571 +5.1% Sales (to 3rd parties) 612 648 -5.6%