Group presentation

THIS IS
VBG GROUP
Vänersborg, 2016-03-01
THIS IS VBG GROUP
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Publicy traded international industrial group.
Three divisions.
Total turnover of SEK 1.3 billion in 2015.
Founded 1951 by Herman Krefting.
Head office in Vänersborg.
Approximately 750 employees in 16 countries.
A GLOBAL GROUP
 Own companies
 Importers/Agents
GROUP TURNOVER, SEK M
MSEK
1 400
1 200
1 000
800
600
400
200
0
2011
2012
2013
2014
2015
VBG Group
NET TURNOVER, SEK M
Group turnover 2015, %
GEOGRAPHIC DISTRIBUTION
Sweden 15%
Other Nordic countries 9%
Germany 30%
Other European countries 23%
North America 14%
Rest of world 9%
VBG Group
SALES BY DIVISION
GROUP STRUCTURE
VBG Group AB
Vänersborg, Sweden
VBG Truck Equipment
Vänersborg, Sweden
Edscha Trailer Systems
Moers, Germany
Ringfeder Power Transmission
Gross-Umstadt, Germany
SEK 698 M
SEK 222 M
SEK 396 M
268 employees
8 subsidiaries
77 employees
2 subsidiaries
395 employees
7 subsidiaries
VBG GROUP IN SOCIETY
VBG Group´s vision
We are number one or two globally in the industrial
niches in which we are active. We make a difference
by creating products and services of the future.
VBG TRUCK
EQUIPMENT
EDSCHA TRAILER
SYSTEMS
RINGFEDER POWER
TRANSMISSION
MORE ABOUT OUR
DIVISIONS
VBG TRUCK EQUIPMENT
• An internationally leading supplier of
coupling equipment systems for trucks
with heavy trailers.
• 50 per cent of the global market via the
Ringfeder and VBG brands.
• Onspot – automatic tyre chains with a
world-leading position in their niche.
VBG Truck Equipment
TRUCK AND TRAILER MARKET
30%
55%
15%
VBG Truck Equipment
NET TURNOVER, SEK M
VBG Truck Equipment
TURNOVER BY REGION
Sweden 27%
Other Nordic countries 17%
Germany 14%
Other European countries 23%
North America 12%
Rest of world 8%
VBG Truck Equipment
NEWS 2015
• Highest operating profit ever in the first
quarter.
• Sales records in the UK and North America.
• Increased sales of systems solutions.
• Reinforced sales organisation in Canada.
• Investments to increase efficiency in
assembly and manufacturing.
INTERESTING FIGURES
VBG Truck Equipment
8,000
Sold Onspot worldwide per year.
85,000
Number of produced trailer couplings per year.
2
Plants – in Sweden and the USA.
4,500
Number of customers.
EDSCHA TRAILER SYSTEMS
• An internationally leading
supplier of equipment for
trailers.
• More than 40 per cent of
the global market for
sliding roofs via the
Edscha Trailer Systems
and Sesam brands.
Edscha Trailer Systems
SLIDING ROOF
Edscha Trailer Systems
TRUCK AND TRAILER MARKET
30%
55%
15%
Edscha Trailer Systems
NET TURNOVER, SEK M
Edscha Trailer Systems
TURNOVER BY REGION
Germany 60%
Other European countries 40%
Edscha Trailer Systems
NEWS 2015
• Continued profitability
despite weak market.
• Product development of
new roof solution for
railway cars that
transport long loads.
INTERESTING FIGURES
Edscha Trailer Systems
1
Plant – in Czech Republic.
35,000
Number of delivered roofs per year
60
Percental share of sales that are currently carried out in
the German market.
130
Number of customers.
RINGFEDER POWER
TRANSMISSION
• Global market leader in selected niches
within mechanical power transmission and
energy and shock absorption.
• Ringfeder, Tschan, Henfel, Gerwah and
Ecoloc.
• The customers are found in such widely
disparate industrial markets as construction,
machinery, power and mining.
Ringfeder Power Transmission
NET TURNOVER, SEK M
Ringfeder Power Transmission
TURNOVER BY REGION
Germany 42%
Other European countries 17%
North America 26%
Asia 11%
Oceania 2%
Rest of world 2%
Ringfeder Power Transmission
NEWS 2015
• Acquisition of Henfel.
• Weak and turbulent
markets reduced
demand.
• Reinforcement of key
positions in management
and sales.
• Launch of new coupling
– Tschan TNR.
INTERESTING FIGURES
Ringfeder Power Transmission
18
Product lines.
10
Diameter in millimeter for the division´s smallest product.
1,200
Diameter in millimeter for the division´s largest product.
4,000
Customers worldwide.
20,000
Prospects (possible customers).
16
Industrial segments that the division is targeting, (Mining,
Metals, Energy, Pumps, Foods, Oil, Gas and Earthquake
Protection).
Ringfeder Power Transmission
HENFEL - VBG GROUP´S LATEST ACQUISITION
• Brazilian ”first-rate
company”
• 120 employees
• SEK 85 M
• Mining industry – largest
market segment
• Consolidated in the
Group 1 Oct 2015
VBG GROUP –
BUSINESS CONCEPT,
STRATEGY AND
OVERALL OBJECTIVE
A LONG-TERM AND
FOCUSED INDUSTRIAL
OWNER
VBG GROUP´S VISION
We are number one or two globally in the
industrial niches in which we are active.
We make a difference by creating products and
services of the future.
VBG GROUP´S BUSINESS CONCEPT
• Acquires, ownes and developes industrial
companies with strong brands.
• With a focus on growth and profitability our
shareholders will be offered attractive value
growth.
STRATEGIES FOR THE DIVISIONS
Strong brands
and leading
market positions
in selected
niches
High customer
value in products
Diversified
customer base
International
expansion
VBG GROUP´S OVERALL OBJECTIVE
• Through growth we achieve a position of strength in relation to
other players.
• Growth that is sustainable and profitable also creates the necessary
conditions for long-term financial strength and healthy returns for
shareholders.
VBG GROUP´S LARGEST OWNERS
Herman Krefting Foundation 32,58%
SLK Employees´ Foundation 4,14%
VBG-SLK Foundation 1,83%
SEB fonder 9,82%
Melker Schörling AB 6,03%
Swedbank robur fonder 5,84%
BNP Paribas 3,94%
Nordea fonder 3,70%
Lindtor maskin AB 1,97%
Didner & Gerge småbolag 1,62%
VBG Group AB 8,70%
Other shareholders 19,90%
VBG Group history
A SUCCESSFUL ENGINEERING GROUP
1951
Herman
Krefting
founds
”Vänersborgs
- kopplingen”.
1970-1974
New factory in
Vänersborg.
Sales
company in
Norway and
Denmark.
1987
Stock
Exchange
registration.
1990
DaytonWalther fifth
wheels is
acquired
and VBG Ltd
is founded.
1991
Onspot is
acquired.
1995
”Towbar
Division” is
divested.
1997
Ringfeder
is acquired.
2000
VBG:s fifth
wheel is
divested.
2003-2005
Edscha is
acquired.
Sales company
in France and
England.
2008
Gerwah is
acquired.
Sales
company in
India.
2011
Sales
company in
China.
2012
Onspot of
North
America is
acquired.
2014
Tschan is
acquired.
Armaton is
divested.
2015
Henfel is
acquired.
VBG Group in future
CONTINUED PROFITABLE GROWTH
Uppdated
product
programme
Strong brands
Strong
financial
situation
Capacity to
grow