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El.En. — Investor Presentation 2019
Jan 29, 2019
4393_cp_2019-01-29_3e75bff4-1884-493f-9bc1-432a19ad0f7e.pdf
Investor Presentation
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COMPANY PRESENTATION
Frankfurt - January 29th, 2019
DISCLAIMER
Certain statements in this slide show, including those addressing the Company's beliefs, plans, objectives, estimates or expectations of possible future results or events, are forward-looking statements. Forward-lookingstatements involve known or unknown risks, including general economic and business conditions, and conditions in the industry we operate and may be affected should our assumptions turn out to be inaccurate. Consequently, no forward-looking statement can be guaranteed and actual future results, performance, or achievements may vary materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation about the contents nor to update the forward-looking statements to reflect events or circumstances that may arise after the date hereof.
AGENDA
El.En.
A Primary Player Providing Medical, Industrial, and Conservation Laser Solutions Worldwide
Hi-Tech company
Hi-Tech industrial group active in opto-electronics with proprietary technologies and know how developed over 35 years .
Listed on the Milan Stock Exchange Star segment since 2000
Global Group
More than 20 companies active worldwide on several markets and application segments.
Among the leaders in its space with a Worldwide distribution network
Progressively widening its worldwide presence registering continuous growth over the years
More than 40,000 laser sources sold and 5% of revenue invested in R&D
A PATH OF GROWTH
Markets and Growth drivers
Long term market trends
Aesthetics:
- Aging population
- Social pressure to maintain youthful and beautiful appearance
Minimally invasive surgeries:
- Minimally painful procedures
- Reduced side effects and risks
- Hospitalization days reduction
- ROI increase for surgical services providers
Long term market trends
Cutting applications:
- Enhanced flexibility, productivity and quality standards in manufacturing processes
- Minimal environmental impact
Marking:
- Products identification
- Minimal environmental impact
Medical& Aesth energy-based systems market
| \$ i l l i U S m o n |
2 0 1 4 |
2 0 1 6 |
2 0 2 1 |
C A G R 1 4- 1 6 |
C A G R 1 6- 2 1 |
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| l b l d l l G i i i i o a n o n- n v a s v e a n m n m a y |
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| d l h i i i i t t t t t n v a s v e m e c a a e s e c r e a m e n |
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| t s y s e m s |
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| b d E t t t t n e r g y a s e r e a m e n s y s e m s - |
2. 0 3 3 |
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4. 3 8 0 |
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| d h k h i & S i i i B t t o y s a p n g n g e n n g |
2 7 4 |
9 9 6 |
1. 9 6 5 |
1 % 7 |
1 % 5 |
| k i j i S t n r e u v e n a o n |
5 2 3 |
6 9 5 |
1. 0 8 9 |
% 1 5 |
% 9 |
| l H i a r r e m o v a |
3 5 3 |
3 4 1 |
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-2 % |
0 % |
| L i t t t e g v e n r e a m e n s |
1 3 1 |
1 5 7 |
1 8 7 |
9 % |
4 % |
| d A i t c n e r e u c o n |
9 6 |
1 1 0 |
1 2 5 |
7 % |
3 % |
| l V i j i t a g n a r e u v e n a o n |
n a |
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3 3 2 |
n a |
2 6 % |
| d l l i i & P t t t t g m e n e e s o n a o o r e m o a v |
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| h O t e r |
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| l T t o a |
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2. 6 7 0 |
4. 3 8 0 |
% 1 5 |
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Source: Medical Insight Report
Key growth drivers:
- Increasingly aging population
- Desire to achieve or maintain more youthful appearance
- Increase in healthcare spending
- Requirements for fast and minimally invasive surgical procedures
Industrial laser market
Lasers increasingly adopted in high quality manufacturing for uniqueness, flexibility, environment friendliness, productivity
- •Sheet metal cutting: technology breakthroughs lead to strong widening of demand
- •Laser marking for identification: traceability as a quality standard
MARKET STUDIES:
Technavio's analysts forecast :"The global industrial laser market to grow at a CAGR of 10.24% during the period
2017-2021"
Growthdrivers
- Stronger presence in body contouring and cellulite treatment markets
- New laser systems for hair removal
- Novel dermatologic treatment device
- Diabetic foot ulcers: seeking regulatory clearances worldwide
- New manufacturing applications for medium power CO2 laser sources
- Strong demand for high power laser sheet metal cutting systems in China and Europe
- Strong manufacturing presence in China
New systemsand devices
- ONDA Body contouring
- Motus AX expands to Motus AY
- BPH: Virtual basket and single use morcellator
- High Power sheet metal cutting systems 20kW
- OEM systems for urology 100 W Ho:YAG
- MonnaLisa Touch disposable probes
- MIS MLS High Peak Pulse for physiotherapy
New factories
Jena
Financial Highlights
IncomeStatement 9M-2018
| '0 E 0 0 u r o |
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|---|---|---|---|---|---|
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| d l i I t n u s r a |
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| l T R t o a e v e n u e s |
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1 1, 5 % |
| G i r o s s m a r n g |
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| E B I T D A |
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| E B I T |
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| P I t r e a x n c o m e |
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| d d i t u n a u e |
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| f l i i i i N t t e n a n c a p o s o n |
8 4 0 6 5 |
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Cash Flow 9M-2018
Revenue breakdown by area 9M-2018
Revenue breakdown 9M-2018
Guidance
Multiples & Comparables
Multiples
| k h l 's h d i S E t t o c o e r q p e r s a r e u y |
9, 9 |
|
|---|---|---|
| / i k l d j. P B V A r c e o o a u e |
1, 6 |
|
| / ( ) 8 0 % E V E B I T E B I T |
1 1, 0 |
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| / ( ) l l E V S 8 0 % S a e s a e s |
0, 9 |
|
| l. k E E M C t n. a r e a p. |
@ 3 0 2, 4 |
€ 1 5, 6 7 |
| f i i l i i N t t e n a n c a p o s o n |
@ 5 4, 8 3 |
/ / 0 0 9 1 8 |
| / l l i i i F t t t n a n c a n v e s m e n s m e r m |
2, 2 @ 3 1 |
/ / 0 0 9 8 1 |
Comparables
| Am nts ou |
in m ln |
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|---|---|---|---|---|---|---|---|---|---|---|
| h, Se 3 0 2 0 1 8 t. t p |
Pr ice |
Re ve nu e |
Va % r. Re v. |
E B I T |
E B I T % |
M K. Ca p. |
E V |
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/ E V E B I T ( *) |
/ k P Bo o lu Va e |
| / d l he M ica Ae ic t t e s |
||||||||||
| Cu te ra |
\$ 1 3, 8 5 |
\$ 1 1 7 |
1 3 % |
\$ ( ) 8 |
% -7 |
\$ 1 8 9 |
\$ 1 6 2 |
1, 0 |
n. a. |
2, 7 |
| ( ) S isr d ica l 2 M am e |
\$ 0, 2 5 |
\$ 8 7 |
8 % 1 |
\$ 1 4 |
8 % 1 |
\$ 2 3 1 |
\$ 3 1 7 |
0, 9 |
8 4, |
0, 8 |
| ic Lu tro n |
€ 6, 8 4 |
€ 4 9 |
-3 % |
-€ 8 |
-1 6 % |
€ 1 7 0 |
€ 1 5 6 |
2, 4 |
n. a. |
1, 6 |
| du ia l tr s |
||||||||||
| ho ics P G P Co to n |
\$ 1 2 6, 1 7 |
\$ 1. 1 3 0 |
8 % |
\$ 4 2 7 |
3 8 % |
\$ 6. 7 4 0 |
\$ 5. 6 2 2 |
3, 7 |
9, 9 |
3, |
| In I im du ie Pr In tr a s |
€ 2 0, 7 0 |
€ 3 1 8 |
6 % |
€ 1 7 |
5 % |
€ 2 1 7 |
€ 3 1 5 |
0, 7 |
1 3, 6 |
1 1, |
| 's Ha La n se r |
¥ 3 0, 0 8 |
¥ 8. 6 5 6 |
-3 % |
¥ 1. 5 9 0 |
1 8 % |
¥ 3 2. 1 0 0 |
¥ 3 2. 1 3 9 |
2, 8 |
1 5, 2 |
4 3, 6 |
Contacts
El.En. SPA
Enrico ROMAGNOLI Investor Relations Managertel. +39 055-8826807E-mail: [email protected]
POLYTEMS HIR
Financial Communication, IR and Press Office Bianca FERSINI MASTELLONI [email protected] MARONGIU [email protected]. +39 06-69923324