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Zurich, Switzerland November 2, 2012 Clement Woon Andreas Schwarzwälder
ZKB Investorenanlass Textilmaschinenindustrie
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Agenda
ZKB Investorenanlass Textilmaschinenindustrie
1 Overview Oerlikon Group
2 Overview Segment Textile
3 Main Markets
4 Industry Dynamics
5 Innovations
6 Summary
Page 2 30/10/2012
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Business Overview
ZKB Investorenanlass Textilmaschinenindustrie Page 3 30/10/2012
Segments
Textile Drive
Systems Vacuum Coating
Advanced Technologies
Solar
Textile solution provider
Mechatronic, hydrostatic and electric
drive systems
Full vacuum solutions,
components and services
Coating services and equipment
Manufacturing equipment
supplier of the semi, PV and
cleantech industries
Turn key solutions for
thin film silicon
photovoltaic
183
2 037
49
821
59
409
97
484
11
108
-10
323
Group
4 182 (+16 %)
419 (>100 %)**
* Group EBIT contains corporate / elimination items of CHF 30 m ** in CHF million
Global industrial Group with Swiss values providing
innovative industrial solutions
Over 150 locations in 38 countries
17 000 employees
Asia 47 % of sales
Globally renown customers such as Bosch, Caterpillar, McLaren, Siemens
Growth markets like Food, Clothing, Infrastructure, Transportation Systems, Energy and Electronics
Sales 2011*
EBIT 2011
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Consistent high level of profitability in Q3 2012 Group EBIT margin at 11.6 %
ZKB Investorenanlass Textilmaschinenindustrie Page 4 30/10/2012
With an EBIT margin of 11.6 %, Oerlikon operates on a continued high level
Strong margin improvements in the Textile and Drive Systems Segment
Positive currency impact
Growth in Europe +13 % and Asia +9% (whereof China +12 %)
Execution of Operational Excellence programs and portfolio adjustments
Consistent high level of profitability
in 2012
Oerlikon net cash positive after strong operational and financial performance
and based on completion of comprehensive refinancing in July 2012
Order intake Sales*
837 +7%
Q3 2012 cont. op.
898
Q3 2011 restated
939 +2%
Q3 2012 cont. op.
957
Q3 2011 restated
EBIT
123 -10%
Q3 2012 cont. op.
111
Q3 2011 restated
Order backlog
1,485
-16%
Q3 2012 cont. op.
1,240
Q3 2011 restated
EBIT margin
13.1
-1.5% pts.
Q3 2012 cont. op.
11.6
Q3 2011 restated
* Sales to third parties
in CHF million in CHF million in CHF million in CHF million in %
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Sales by region Sales share of Asia increased to 50 %
ZKB Investorenanlass Textilmaschinenindustrie Page 5 30/10/2012
* Sales to third parties (in CHF millions)
Oerlikon benefits from growth opportunities worldwide
European markets fueled sales up by 13 % followed by Asia up by 9 %
BRIC opportunities should create better balance of geographical diversification
North America
Europe
Asia / Pacific
RoW
11%
6%
50%
33%
Sales Q3 2012* (cont. operations)
16%
8%
47%
29%
Sales Q3 2011* (restated)
Sales 312 (+13 %)
Sales 153
Sales 58 (-19 %)
Sales 479 (+9 %)
RoW
Sales 72
Asia / Pacific
Sales 439
Europe
Sales 275
North America
Sales 108 (-29 %)
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Page 6
Outlook Oerlikon Group 2012 confirmed Next financial reporting: Q4 2012 on March 5, 2013
ZKB Investorenanlass Textilmaschinenindustrie 30/10/2012
The global economic environment is softening and remains difficult to assess.
Based on the strong 9M performance and assuming successful closing of Solar Segment divestment, we confirm our guidance:
- sales expected at 2011 levels
- and profitability expected to increase to an EBIT margin (excluding Arbon effect) of around 11.5 %, reported EBIT margin expected at around 12.5 %
- order intake expected to decline up to 5 %
Guidance FY 2012 based on current currency exchange rates
Oerlikon remains focused on the systematic execution of its agenda to strengthen underlying performance
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Agenda
ZKB Investorenanlass Textilmaschinenindustrie Page 7
1 Overview Oerlikon Group
2 Overview Segment Textile
3 Main Markets
4 Industry Dynamics
5 Innovations
6 Summary
30/10/2012
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Segment Textile Largest textile machinery manufacturer worldwide
Suzhou (China)
Remscheid
(Germany)
Segment Textile (headquartered in Shanghai)
Employees in Asia 2550
Employees in AMERICAS 188
Employees in Europe 3450
Shanghai (China)
Manm
ad
e F
iber
Natu
ral F
iber
ZKB Investorenanlass Textilmaschinenindustrie Page 8 30/10/2012
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ZKB Investorenanlass Textilmaschinenindustrie Page 9
Strong increase in order intake in Q3 2012 (yoy)
0
100
200
300
400
500
600
700
Q111
Q211
Q311
Q411
Q112
Q212
Q312
0
100
200
300
400
500
600
Q111
Q211
Q311
Q411
Q112
Q212
Q312
0
20
40
60
80
100
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Order intake Sales EBIT
Order Intake rebounded in Q1 and Q2 12 resulting in a stable order intake situation
Situation in sales remains similar to development in 2011, implying currently low volatility in business
EBIT margin of 10.9 % in Q3 2012
EBIT Q1 affected by one-time effect of property sales (CHF 39 Mio)
30/10/2012
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Segment Textile is a clear market leader in both the manmade and natural fiber market segments
OMF ONF OTC
Key products & applications (% 2011 sales)
Oerlikon’s position / market share
Strong leader in higher-end products
#1 Diverse yarn > 45% #1 Carpet yarn > 80% #1 Industrial yarn > 60%
Top player in the high-end machinery
#1 Rotor > 47% #4 Ring > 15% #3 Winder > 23%
High quality focus
#1 Texturing > 18% #1 Filament > 30% #2 Ring Spinning > 23%
Long established leadership position in the market and industry with very strong brands
Constant innovation leadership and high quality reputation across entire product range
Loyal and premium customer base around the globe
Most extensive worldwide sales and service network in the industry
Most comprehensive fibers and yarn production know-how covering all three Business Units
Strong and experienced international footprint and management team
Competitive advantages
Synergies / Benefits
Realised and further potential synergies in marketing, strong worldwide sales and service network (USP), manufacturing and sourcing, R&D and shared services. The current strategy focuses on realising further synergies
Being exposed to both natural and manmade fiber markets can create a natural hedge as demand is influenced by two different raw material price trends (Cotton/Wool vs. oil prices)
ZKB Investorenanlass Textilmaschinenindustrie Page 10 30/10/2012
Winding
Rotor Spinning
Ring Spinning
Twisting
Embroidery
Filament Spinning
Texturizing
Carpet Yarn Spinning
Staple Fiber
Nonwovens
Staple Metal / RingSpinningFilament Components
MonitoringComponents
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Segment Textile offers the most comprehensive and sustainable (e-save) portfolio in the industry
Natural Fibre process
Spinning Preparation
Synthetic Fiber Spinning BCF Yarn
Production and Refinement Components
Staple
Filament
Monitoring/Sensoring
Festooning
Winding
Carding / Crosslapping
Airlaid
Spunlaid
Needle Punching
Thermobonding
Hydroentanglement
Filament Spinning
Texturing
Poly- condensation
Winding
Open-end Spinning
Ring Spinning
Filament process
Nonwoven, synthetic fiber and BCF carpet yarn process
Twisting
Fabric production/ Finishing
Twisting Cabling
Embroidery
Weaving Knitting Tufting Dyeing
Current presence
Cooperation Expansion
Business Units
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Page 11 ZKB Investorenanlass Textilmaschinenindustrie 30/10/2012
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Segment Textile Manmade Fibers Product Portfolio
BCF spinning plant, engineering services, line equipment and components for the production of carpet yarn
BCF Staple Fibers
Spinning plant engineering services, line equipment and components to produce synthetic staple fibers
Filament spinning plant engineering services, spinning line equipment & key components to form pre-oriented filament bundles (POY)
Pre-Oriented Yarn (POY) Draw Textured Yarn (DTY)
Texturing machines crimp the Pre-oriented Yarn (POY) to give a natural fibre-like touch
Spunbond, Meltblown, Airlaid plants, lines and components for wide range of technical applications
Nonwoven
Equipment for monofilaments & tape lines, main applications include artificial grass, geo- and agrotextiles etc.
Plastic Machines (BSZ)
Filament spinning plant engineering services, spinning line equipment & key components to form fully drawn filament bundles (FDY)
Fully Drawn Yarn (FDY)
Filament spinning plant engineering services, spinning line equipment & key components to form industrial yarn filament bundles (IDY)
Industrial Yarn (IDY)
Page 12 ZKB Investorenanlass Textilmaschinenindustrie 30/10/2012
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Segment Textile Natural Fibers Product Portfolio
ZKB Investorenanlass Textilmaschinenindustrie Page 13
Staple fiber spinning technology for cotton, polyester and viscose
Autocoro : High end segment, fully automated machinery
BD: Mid-segment, semi automated machinery
Rotor Spinning -Schlafhorst Autocoro/BD
Dominant spinning technology for any type of yarn, whether from cotton, wool, polyester, linen, viscose, lycra.
Zinser 351/451/ X51 C³ : High end
Zinser 360: Mid-segment
Ring Spinning -Schlafhorst Zinser
High performance twisting machines to manufacture ply yarns in finest quality for Italian suits, shirts and top class textiles
Ring twisting machines for Glass Filament Yarns
Volkmann CT / FT
Staple Yarn Twisting - Volkmann
Cabling & twisting machines for Tire Cord
Twisting Machines for In-dustrial yarns, special appl.
Allma CC3 & CC4 for tire, Allma TC-S & TC2 for
industrial
Tire & Industrial Yarn Twisting - Allma
Carpet Yarn Twisting -Volkmann
Carpet yarn twister cabler (No. 1 in market) motor or belt driven. Unique innovation with Heat-SET process integration.
Volkmann CC
Sophisticated shuttle embroidery systems and design software that enable innovative solutions
Saurer Epoca 6 - latest shuttle embroidery
Shuttle Embroidery - Saurer (Arbon)
Following step/100% quality control of Ring spun yarn
Creates sizeable packages ensuring high efficiency and performance in the down stream process
Autoconer X5: latest high end automated winder
Winding - Schlafhorst Autoconer
30/10/2012
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Accotex®
Texparts®
Daytex® Heberlein®
Temco®
Fibrevision®
Segment Textile Components Product Portfolio
Filament Staple
Aspirating, Cutting and
Splicing Units
Friction Discs
Bearing Assemblies Spindles
Bottom Roller
Cots and Aprons Rings and Travellers
Weighting Arms Sensors
Monitoring Systems
Texturing Cot
and Aprons
Air Jets
Non-Textile Bearing
Texturing Units Textile Bearing
Page 14 ZKB Investorenanlass Textilmaschinenindustrie 30/10/2012 Page 14
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Agenda
ZKB Investorenanlass Textilmaschinenindustrie Page 15
1 Overview Oerlikon Group
2 Overview Segment Textile
3 Main Markets
4 Industry Dynamics
5 Innovations
6 Summary
30/10/2012
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Segment Textile serves a wide range of end markets
Main Customer Markets
ZKB Investorenanlass Textilmaschinenindustrie Page 16
Automotive
Textile Apparel
Nonwoven
Strong population growth results in further strong demand for textile apparel
Textile Apparel will remain the most important end market of Segment Textile
The hygiene market is expected to grow with a CAGR of 12,8% between 2005 and 2015 while the other fields grow with a CAGR of 4,7% in the respective time period
Segment Textile is involved in different fields of nonwoven
The automotive market is expected to grow by 33% from 2011 to 2018. Especially strong growth is seen in China, India, South America and Eastern Europe with growth of more than 50%
Increase in IDY production for tires Increase in nonwoven production
30/10/2012
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Main Markets Asia
Asia
Assessment
In general highest growth potentials are still seen in Asia and other developing regions with a CAGR > 3%
7,3
36,7
18,1
2011
21,9 18,4
26,5
2020
14,6
2,6 62,1
+3,4%
84,0 12,1%
2,4%
3,7%
1,9%
CAGR 2011 - 2020
Cotton
Manmade Filament
Manmade Staple Fiber
Nonwovens
Textile Mill Consumption by technology
China
India
GDP is expected to decline slightly, but remains stable at around 5%
Labour Cost are expected to heavily increase until 2016
Lending interest rate slightly increases, resulting in higher investments
stable economic outlook
GDP remains stable with more than 5% growth
Labour Cost are expected to very slightly increase
Lending interest rate slightly declines stable economic outlook
Macroeconomic Data
ZKB Investorenanlass Textilmaschinenindustrie Page 17 30/10/2012
Source: PCI Redbook 2011
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Main markets in Europe
2.7
2.3
2.8
2011
2.4 2.0
2.9
2.8
1.8
9.5
+0.9%
2020
10.3
[‘000 tons]
5,0%
-2,2%
-0,7%
2,0%
CAGR 2011 - 2020
Europe
Cotton
Manmade Filament
Manmade Staple Fiber
Nonwovens
Assessment
The market of nonwovens is expected to grow with the highest CAGR (between 5%- 12%), due to:
new application areas
increasing customer demand on nonwoven products
Textile Mill Consumption by technology Macroeconomic Data
Turkey
Germany
GDP will recover from depress in 2012 and increase slightly
Lending interest rate remains low Labour Cost per hour will only slightly
increase, making Turkey an interesting market to invest in
GDP development slightly recovers and remains at around 2 % till 2015
Lending interest rate remains low and stable
Labour Cost per hour increase slightly
Italy
GDP development slightly recovers Lending interest rate remains low and
stable Labour Cost per hour increase very
slightly
ZKB Investorenanlass Textilmaschinenindustrie Page 18 30/10/2012
Source: PCI Redbook 2011
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Main Markets in America
9.4
2.6
2.8
1.9
2.0
3.2
2.1
3.2
2011
3.2
2.5%
2020
11.7
5,5%
1,1%
1,4%
2,3%
CAGR 2011 - 2020
Americas
Cotton
Manmade Filament
Manmade Staple Fiber
Nonwovens
Textile Mill Consumption by technology
USA
Brazil
GDP remains stable at around 2% Lending interest rate declines to
around 40% by 2016, which is still high compared to other developed countries like Germany
Labour Cost per hour increase
GDP development stabalizes after strong fluctuations between 2000 and 2012. However, there is a decline tendendy from 4% to around 3% by 2016.
Lending interest rate remains stable and low
Labour Cost per hour will increase
Macroeconomic Data
ZKB Investorenanlass Textilmaschinenindustrie Page 19 30/10/2012
Assessment
In Americas there is strong growth potential seen for nonwovens
Source: PCI Redbook 2011
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Agenda
ZKB Investorenanlass Textilmaschinenindustrie Page 20
1 Overview Oerlikon Group
2 Overview Segment Textile
3 Main Markets
4 Industry Dynamics
5 Innovations
6 Summary
30/10/2012
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Market development 1/3 Modest growth in mill consumption, only nonwovens with higher growth rates
2.6%
3.5%
2030
138.0
2020
108.8
2014
93.4
2012
86.5
2011
83.7
2010
81.7
2009
78.5
2008
75.6
2000
57.0
[‘000 tons]
Global Textile Mill consumption by technology
Cotton
Manmade Filament
Manmade Staple Fiber
Nonwovens
Market characteristics
Industry growth averaging 3% CAGR
In the past 10 years textile mill consumption grew at a 3% CAGR
The final textile demand is expected to continue to grow in the coming years mainly thanks to:
• 2-3% growth due to the population & GDP growth and increasing spending on textile per capita in emerging countries
• 5-7% growth in technical textiles for new applications (e.g. smart textiles, artificial lawn, geotextiles) especially given the encouragement by China & India in the latest government guidance & policies
Limited natural resource supply poses increasing challenges while textile demand continues to grow
Significant price gap between natural and synthetic fiber has further fuelled the investment in chemical fibers since 2010
ZKB Investorenanlass Textilmaschinenindustrie Page 21 30/10/2012
0
2
4
6
8
10
2000 2005 2010 2015 2020 2025 2030
Natural Fibers (Cotton)
Manmade Fibers
Final Consumer Demand
kg per Capita
Source: PCI Redbook 2011, Pira Study
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Market Development 2/3 Global and Geographic Trends
Industry growth averaging 3-4% CAGR
• Manmade fibers will continue to outpace the growth of natural fibers and represent 60% of total supply with a 5% CAGR
Increasing dominance of Asia
• In 2010, China‘s share of worldwide yarn production increased to 70% and China‘s share of manmade fiber production increased to 60%
• Other regional markets remain attractive for certain business segments, i.e. the USA and Turkey represents nearly 90% of the worldwide market for carpet yarn
Growth Drivers
China
India
Pakistan
USA
Taiwan
RoW
China
India
USA
Taiwan
South Korea
Indonesia
Japan
RoW
ZKB Investorenanlass Textilmaschinenindustrie Page 22 30/10/2012
Worldwide Manmade Fiber Production Worldwide Yarn Production Global Fiber Production 2011 E1
Synthetic Fibers Manmade
Cellulosic Fibers Cotton Wool
1: assuming a population of 70bn and a per capita fiber consumption of 10.9 kg
Source: Lenzing
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Market Development 3/3
ZKB Investorenanlass Textilmaschinenindustrie Page 23 30/10/2012
End Markets of Manmade Fibers
Apparel Home Textiles Technical Textiles
The Manmade Fiber end markets which are served by Segment Textile include Apparel, Home Textiles and Technical Textiles
Apparel is, of course, the largest one, but the market for Technical Textiles will grow in the future more and more due to a wider range of applications
POY
FDY
DTY
Staple Fiber
Apparel Market
BCF
IDY
Airlaid
Spunbond
Tapes
ConventionalWinders
Technical Textiles Market
End Markets Manmade Fibers
Home Textiles Market
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Raw Materials and Yarn prices cheaper for filament than for staple fiber
Major raw materials for stable fiber and filament are Cotton in natural fibers and PTA & MEG for polyesters. Their price development has direct impact on the value chains
Raw material prices for natural fibers are more volatile and more expensive than raw materials needed to produce manmade fibers.
Raw Materials in China Market
Page 24 ZKB Investorenanlass Textilmaschinenindustrie 30/10/2012
0
1
2
3
4
5
USD/kg
Jul 12
Jan 12
July 11
Jan 11
July 10
Jan 10
July 09
Jan 09
Jul 08
Jan 08
Jul 07
Jan 07
MEG (China)
PTA (China)
PSF 1.4 den/38mm
Cotton China 328 Grade
0
1
2
3
4
5
6
USD/kg
Jan 12
July 11
Jan 11
July 10
Jan 10
July 09
Jan 09
July 08
Jan 08
July 07
Jan 07
DTY 150D/96f
FDY 150D/96f
POY 150D/96f
T/C yarn 21s 65/35 Jiangsu Shenze Market
Polyester Spun yarn 21s Jiangsu Shenze Market
Pure Cotton 21s Jiangsu Shenze Market
Yarn Prices in China Market
Output yarn from staple fiber process include: (raw materials can be natural fibers like cotton, wool etc., manmade fiber or blended fibers) • Pure cotton yarn 21s • 100% polyester spun yarn 21s • Cotton / Polyester 65/35 blended yarn 21s
Output yarn from Filament process include: (raw materials are 100% manmade fibers) • POY 150D/96f • FDY 150D/96f • DTY 150D/96f
As illustrated in the chart, it´s consistent that staple fiber processed yarn are more expensive than filament processed yarn; and in the staple fiber process, the natural fiber based yarn are more expensive than chemical fiber based yarn
Source: Emerging Textiles, CCFEI
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Stronger volatility in conversion margin for staple fiber yarns than for filament
Source: Emerging Textiles, CCFEI
ZKB Investorenanlass Textilmaschinenindustrie Page 25 30/10/2012
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
Jul 12
Jan 07
0.0
1.5
1.0
0.5
-0.5
Conversion Margin TC21s
Conversion Margin Pure Cotton
Conversion Margin POY
Conversion Margin FDY
Conversion Margin DTY
The conversion margins for staple fiber yarns like Pure Cotton and TC 21s fluctuate more than those for filament
The conversion margin for natural fiber based yarns is expected to stabilize and to not further decline
The conversion margins for manmade fiber based yarns are slowly recovering
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Growth for manmade fibers in textile and industrial applications
China defends it’s position as major powerhouse in Asia
Cost of conversion becomes important factor besides raw material price
Conversion margin, Co / yarn prices Higher automation Quality improvement Energy / kg yarn Local demand in textile products Technical upgrading in China
perpetual pressure on spinners ongoing automation growing mid end segment energy become decisive criteria
Conversion margin (cotton vs. yarn prices) Investment in staple and filament yarn
machinery Government incentives for textile industry in
key markets Growing demand for automatization in
Asian (increasing cost)
Strongly influence both utilization and investment activity of the textile mills
On staple yarn side investment are expected to increase considerably in 2013
Growing automatization requires high quality components
Fluctuating supply and prices of cotton and limited available cultivable land leading to substitution of natural in favor of manmade
Rising income level fuels consumer demand in BRIC markets
Goverment subsidies e.g. China 12th 5-Year-Plan)
ZKB Investorenanlass Textilmaschinenindustrie Page 26
Main drivers in Textile Industry
Main drivers Outlook
Manmade Fibers
Natrual Fibers
Textile Components
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Examples for Growth Opportunities
ZKB Investorenanlass Textilmaschinenindustrie Page 27 30/10/2012
Demand for high performance tyre is expected to consistenly grow over the next years
Growth potential seen for Segment Textile in IDY production for technical textiles including typres
With it’s technology Segment Textile can serve very different fields in nonwoven including e.g. construction, automotive as well as floor coverings
Market Assessment
Automotive
Nonwoven
million units
2,000
1,500
1,000
500
0
2016 2014 2012 2010 2008 2006 2004 2002
Regular Tyres
Performance and high performance Tyres
1,4
3,9
0,21,8
4,1
5,7
12,5
2,9
4,0
1,7
5,1
2,31,2
1,8
0,7
5,9
9,9
3,1
31,9
Unidentified
Others
Electronic Materials
Agriculture
Automotive
Civil Engineering/Underground
Building/Roofing
Air & Gas Filtration
Liquid filtration
Floor Coverings
Upholstery /Table Linen/…
Coating substrates
Shoe/ Leathergoods
Interlinings
Garments
Wipes - Other
Wipes - Personal Care
Medical/Surgical
Hygiene
Application can be served with ONE technology
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Agenda
ZKB Investorenanlass Textilmaschinenindustrie Page 28
1 Overview Oerlikon Group
2 Overview Segment Textile
3 Main Markets
4 Industry Dynamics
5 Innovations
6 Summary
30/10/2012
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Segment Textiles Ecological Footprint plays an important role for its Innovations
With our Innovations we primarily focus on the world’s megatrends and offer already technological solutions that meets our customers requirements. Energy Efficiency with eco drive systems and spindels. Outstanding solutions with less waste production. Technological Innovations with higher productivity. Improvement of Quality for chemical fibers, staple yarn, synthetic staple fibers and nonwovens.
water
consumption
energy
consumption
air consumption
land use
for production
and transport
ZKB Investorenanlass Textilmaschinenindustrie Page 29 30/10/2012
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Oerlikon Barmag Path towards green production
eFK
manual texturing machine for polyester and nylon filament yarns
2009
2007
2010
eAFK - ITMA Barcelona 2011
automatic texturing machine
e-save
ZKB Investorenanlass Textilmaschinenindustrie Page 30
WINGS FDY ITMA Asia 2012
WINGS POY
for spinning polyester an nylon filament yarns
WINGS FDY
for spinning flat polyester and nylon filament yarns
e-save WINGS POY Istanbul 2012 Twelve-end system for Polyamide 6
e-save
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• in 2012: launch of S+ for Polyester
Oerlikon Neumag S+ the new solution for BCF Carpet Yarn Production
ZKB Investorenanlass Textilmaschinenindustrie Page 31 30/10/2012
e-save
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Oerlikon Saurer Allma CC4 - Energy-saving miracle in tirecord processing
e-save
Power consumption reduced by up to 50%
Heat load reduced by up to 50%
Increased quality and machine efficiency thanks to 50% reduced number of yarn breaks
Significantly reduced noise level
Maximum economic efficiency and quality thanks to state-of-the-art technology
The only cabling machine worldwide for processing aramide and rayon
ZKB Investorenanlass Textilmaschinenindustrie Page 32 30/10/2012
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Oerlikon Schlafhorst
ZKB Investorenanlass Textilmaschinenindustrie Page 33 30/10/2012
Autocoro 8: The high-tech revolution in rotor spinning
Distribution of Autocoro
spinning positions since 2000
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Quantum leap in rotor spinning
Fastest rotor spinning technology in the world
Up to 25 % more productivity
Significantly better yarns and packages
Most flexible rotor spinning machine in the world
Lower spinning costs
EMEA
China
Africa
Asia
Americas
India
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Agenda
ZKB Investorenanlass Textilmaschinenindustrie Page 34
1 Overview Oerlikon Group
2 Overview Segment Textile
3 Main Markets
4 Industry Dynamics
5 Innovations
6 Summary
30/10/2012
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Summary
A sustainable performance level strengthens Oerlikon‘s position in an uncertain business environment - continued execution of Operational Excellence measures.
Segment Textile offers the most comprehensive and sustainable (e-save) portfolio in the
industry and is market leader in manmade as well as natural fibers. The textile industry is growing with a CAGR of around 3% and a stronger increase in
manmade fibers, resulting from better raw material availability and price situation than for natural fibers.
Segment Textile is still dominant in Asian/Emerging markets where a stable and prosperous
economic development is seen in the next years. The situation in the end markets of Segment Textile is positive, with especially a strong
increase seen in the automotive industry as well as the textile apparel industry resulting from the further population growth worldwide.
ZKB Investorenanlass Textilmaschinenindustrie Page 35 30/10/2012
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Questions & Answers Session
ZKB Investorenanlass Textilmaschinenindustrie Page 36 30/10/2012
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Investor Relations Contact
ZKB Investorenanlass Textilmaschinenindustrie Page 37 30/10/2012
OC Oerlikon Management AG Churerstrasse 120 CH-8808 Pfäffikon SZ Switzerland Andreas Schwarzwälder Head of Investor Relations Phone: +41-58-360-9622 Mobile: +41-79-810-8211 E-mail: [email protected]
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Disclaimer
ZKB Investorenanlass Textilmaschinenindustrie Page 38 30/10/2012
Oerlikon has made great efforts to include accurate and up-to-date information in this document. However, we make no representation or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoever for the use of it.
This presentation is based on information currently available to management. The forward-looking statements contained herein could be substantially impacted by risks and influences that are not foreseeable at present, so that actual results may vary materially from those anticipated, expected or projected. Oerlikon is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
All information provided in this document is not intended as, and may not be construed as, an offer or solicitation for the purchase or disposal, trading or any transaction in any Oerlikon securities. Investors must not rely on this information for investment decisions.