•Good Indoor Climate makes people feel better Capital Market Days 2014-08-28 CEO Hannu Saastamoinen 1 H.Saastamoinen, Capital market day 2014 2014-08-26 •Good Indoor Climate makes people feel better Market in Brief H.Saastamoinen, Capital market day 2014 2014-08-26 4 Strong long term market drivers Energy and building standards • • • • Increasing focus on energy efficiency in buildings (represent 40% of energy used) Continuously tightening building legislation (EU 20% by 2020) Environmental standards evolving such as LEED, Green buildings etc. Ventilation critical component in passive / low energy houses Increasing attention to air quality and comfort • • • Increasing focus on air quality affecting human health and performance Comfortable indoor climate increasing in importance in high end buildings Increasing knowledge about how poor ventilation damage buildings and destroy value Expansion of market • • • Market started in Nordic, expanded to Western Europe, and is now global Home market is growing due to need for renovation in Western Europe Urbanization and growing middle class in emerging markets drives new build Professional customer demand evolving • • • Professional building owners take total view on building cost and value creation Facility management companies focusing on LCC in “integrated buildings” Building management becoming more holistic and HVAC must be integrated H.Saastamoinen, Capital market day 2014 2014-08-26 5 Short Term Market Outlook Volatile market with fragile improvement in demand 2014; • General industry outlook still soft and only slow recovery • HVAC late in the cycle • Non-residential 2014 FC +1.0% (volume), Residential 2014 FC +1.4% (Euroconstruct 6/2014) • Storage, Industrial, Offices improving; Education, Health flat • Big variation in demand between geographical markets • Nordic relatively solid with the exception of Finland • Western Europe mixed picture (positive in UK, Poland) • South Europe bottom reached, turning very slowly • North-America slowly improving • Russia unknown • Consolidation activities in the industry continue • Europe: Carrier/Ciat, Triton/GEA HX, Systemair/Airwell, Menerga, Trox/BSH, Volution/Öko Hausgeräte, China Technologies HC/Danterm (telecom cooling)… • US: Nortek/Thomas & Betts (ABB), Johnson Controls/Air Distribution Technologies… H.Saastamoinen, Capital market day 2014 2014-08-26 •Good Indoor Climate makes people feel better ”Creating Platform for Future Growth” H.Saastamoinen, Capital market day 2014 2014-08-26 7 Our focus is on… 1 Differentiate by superior system approach/offering 2 Defend strong position in Nordic home markets 3 Strengthen European Strongholds 4 Build future growth platforms in growth segments/markets H.Saastamoinen, Capital market day 2014 2014-08-26 8 Swegon System Approach NESTOR BMS Modem Connection System TEAL SMART Link Customer Fire Wall (Tetris) To other parts of the building To other parts of the building Super WISE Subsystem Super WISE GOLD AYC Super WISE GOLD AYC Super WISE DCV / VAV system part GOLD CAV system part AYC CONTROL Router Zone CONTROL Damper CONDUCTOR W1 CONDUCTOR W4 Room CONTROL ADAPT Room Damper ADAPT Diffusers H.Saastamoinen, Capital market day 2014 ADAPT Parasol Parasol Parasol 2014-08-26 New structure to drive strategy in a focused way… CEO Finance & IT HR Executive Management Team Supply chain M&A BA Residential Systems & Technology BA Commercial BA Cooling BA North America Sales H.Saastamoinen, Capital market day 2014 2014-08-26 Growth supported by selected acquisitions 2013> 2014> • Coolmation • WMKD • RCS ”Well-managed, profitable, key management commited” H.Saastamoinen, Capital market day 2014 2014-08-26 12 VA’s Integrated Systems Approach H.Saastamoinen, Capital market day 2014 •Good Indoor Climate makes people feel better H.Saastamoinen, Capital market day 2014 2014-08-26 14 MURAL MURAL 450 MURAL 600 MURAL 800 MURAL 1200 FLAT FLAT 450 FLAT 600 FLAT 1000 FLAT 1600 FLAT 2000 GLOBAL GLOBAL 800 GLOBAL 1200 GLOBAL 2000 H.Saastamoinen, Capital market day 2014 GLOBAL 3000 GLOBAL 4000 GLOBAL 5000 GLOBAL 6000 2014-08-26 •Good Indoor Climate makes people feel better (Closing targeted on 29th of August) H.Saastamoinen, Capital market day 2014 2014-08-26 16 Econdition Data Center Cooling H.Saastamoinen, Capital market day 2014 Summarizing Swegon Journey… High growth ambition on solid base Strategy well defined and rolling out – ”THE Indoor Climate Company” Organisation adapted to revised strategy – Business Areas Currently investing in and building up ”future growth platform” Structure Management capacity, competence development Processes, IT R&D, Sales competence for organic growth Acquisitions Three strategic acquisitions completed in 2014 to enhance growth Vibro Acoustics > North America entry platform Lemmens > Leading compact AHU manufacturer Econdition > Data cooling & German stronghold H.Saastamoinen, 2014-08-26 Company Presentation Capital market day 2014 18 •Good Indoor Climate makes people feel better H.Saastamoinen, Capital market day 2014 2014-08-26 19
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