Rieter Holding Roadshow Presentation, May 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transaction structure and expected timetable Transaction structure • Distribution of Autoneum to shareholders by way of a special dividend • 1 new Autoneum share for each Rieter share • AGM approved transaction Expected timetable • Publication of listing prospectus (Autoneum shares) May, 2 • Cut-off date for entitlement to receive Autoneum shares May, 12 (after close of trading on SIX) • Date of listing of Autoneum shares on the SIX May, 13 • First Trading Day for Autoneum shares on the SIX May, 13 • First trading day of Rieter Holding Shares trade ex- May, 13 dividend right 2 Rieter Holding Roadshow Presentation May 2011
Agenda 1. Key investment highlights of Rieter 2. Spun Yarn Systems (SYS) 3. Premium Textile Components (PTC) 4. Rieter financial performance and separation impact 5. Outlook and guidance 6. Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Rieter Holding Roadshow Presentation May 2011
Key investment highlights of Rieter 1 Long-term growth industry 6 Experienced 2 Broadest global Management team systems supplier and Board of Directors Rieter 5 Efficient cycle 3 Leading market management positions 4 Technology and innovation leadership 4 Rieter Holding Roadshow Presentation May 2011
1 Long-term growth industry Textile business will keep on growing – Rieter participates in the biggest segment short staple fibers World population and fiber consumption growth 92 57 13 9 9 7 6 3 3 3 2 2 1900 1950 2002 2016 World population (billion) Short staple, including staple filaments Per-capita consumption (kg/p) Non-wovens Non-spun World fiber consumption (million t) Filaments Long staple Source: PCI 5 Rieter Holding Roadshow Presentation May 2011
1 Textile sector growth Growth in GDP per capita – especially in China and India – is driving the increase in demand for fiber GDP and fiber consumption growth 100 Fiber end-use consumption NA 40 NA NA in kg per capita p.a. WEU WEU China 20 China WEU China 10 LA LA LA 5 India India 3 India 2000 2008 Size = Population 2016 1 2'500 5'000 25'000 50'000 1'000 10'000 100'000 GDP per capita in USD (on purchasing power parity basis) Legend: NA = North America, LA = Latin America, WEU = Western Europe, China includes Hong Kong 6 Rieter Holding Roadshow Presentation May 2011
2 Broadest global systems supplier Global supplier… …of spinning machinery and components Europe Asia Americas [Pic] [Pic] Legend Sales Service R&D Production …covering preparation and Full-liner… all four spinning technologies Ring conventional (1) From bale… …to yarn Ring compact (2) Preparation Rotor (3) Air-Jet (4) High/import segment Mid/local segment 7 Rieter Holding Roadshow Presentation May 2011
3 Leading market positions Spun Yarn Systems Premium Textile Components (SYS) (PTC) • Supply to 3 rd party OEMs underlines position in • Leading position in high segment for all fields of activity textile components • Recognised as an innovation leader with • By far largest supplier of textile components for superior products spinning machines Preparation Preparation Ring Ring Rotor Air-Jet Ring Ring Rotor Air-Jet Conventional Compact Conventional Compact Transport Automation Monitoring 8 Rieter Holding Roadshow Presentation May 2011
Rieter business fields – Machines (SYS) and 3 Premium Textile Components (PTC) Spinning mills Spun Yarn Systems (SYS): Premium Textile Components Machines (PTC) Rieter customers Machines Components Others Parts Service Service Non-woven mills and OEMs Components/ Others Service OEMs Rieter (SYS) Components 3 rd party OEMs Components 9 Rieter Holding Roadshow Presentation May 2011
4 Technology and innovation leadership Past break-through examples prove technology and innovation leadership Com4 – Semiauto- Widest, Omega Lap Double- New compact matic self (combing head Air-Jet spinning rotor- sharpening prep.) autolevel. machine machine spinner card drawframe Machines – SYS 1997 1998 2001 2003/2004 2009 2010 1795 2001 Foundation of PTC 2011 Titan ring EliTe com- Novibra Camel-wire Prima- S-60 pacting energy for best comb 9015 Rotorbox unit for saving carding ring spindle results Components spinning – PTC 2011 1997 2002 2003 2009 2009 10 Rieter Holding Roadshow Presentation May 2011
5 Efficient cycle management Efficient cycle management • Proven ability to manage cycles successfully • Break-even lowered • Free cash flow generated across the cycle 1) • No sacrifices on key product position, no loss of key employees, no issues with unions • Balance sheet situation provides further resilience to sustain market cycles and capture growth opportunities Sales 2) 1998 – 2010, million CHF -24% +40% +21% -6% +4% -0% -6% +38% +19% -27% -50% +66% 1'600 1'440 1'400 1'211 1'200 1'052 957 935 932 898 879 1'000 865 794 749 800 567 522 600 400 200 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1) Before restructuring cash-out 2) Figures shown in the chart represent the restated historical sales of SYS and PTC (non-audited). Businesses previously included in Rieter's Textile Systems Division and meanwhile divested have been excluded throughout 11 Rieter Holding Roadshow Presentation May 2011
Experienced Management team and Board of 6 Directors Board of Directors Erwin Stoller, Chairman This E. Schneider, Dieter Spälti, Jakob Baer, Michael Pieper, Hans-Peter Schwald, Peter Spuhler Executive Chairman of the Board Erwin Stoller General Counsel Thomas Anwander Spun Yarn Systems (SYS) Premium Textile Chief Financial Officer Components (PTC) Peter Gnägi Werner Strasser Joris Gröflin 12 Rieter Holding Roadshow Presentation May 2011
Agenda 1. Key investment highlights of Rieter 2. Spun Yarn Systems (SYS) 3. Premium Textile Components (PTC) 4. Rieter financial performance and separation impact 5. Outlook and guidance 6. Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Rieter Holding Roadshow Presentation May 2011
SYS – Broadest global systems supplier • Full-liner – from bale to yarn Ring conventional (1) • Serving spinning preparation and all four Ring compact (2) spinning methods Ring Flyer Winding • High and mid segments Comfort • Global set-up Preparation Rotor (3) Preparation Rotor Blowroom Card Drawframe Comber Air-Jet (4) Air-Jet Products for the high/import segment Products for the mid/local segment 14 Rieter Holding Roadshow Presentation May 2011
SYS – Development and manufacturing set-up Current localisation projects will further strengthen Rieter’s local market positions in the key markets India and China High/Import Preparation Preparation Ring/ Roving Winding Rotor Air-Jet Comfort Mid/Local Blowroom Card Drawframe Comber Rieter M M M M M M Europe Branded product R R R R R R R M M M M M China D D D D D M M M M India D (planned) M Manufacturing Research & Development R D Development 15 Rieter Holding Roadshow Presentation May 2011
SYS – Market Strong recovery of shipments in 2010 Shipments in spindle equivalents (in ’000) 16’130 11’822 9’578 293 182 83 500 439 246 North & South Europe & America Africa Asia & Pacific (incl. 2008 2009 2010 Turkey) Source: ITMF - International Textile Machinery Shipment Statistics (2008 and 2009), Rieter estimation (2010) 16 Rieter Holding Roadshow Presentation May 2011
SYS – Market Estimated market potential of current portfolio of c. 2.8 billion CHF – further potential by addressing additional products Served SYS market worldwide Main competitors million CHF Additional 4’000 potential ~1’000 Jingwei (CN) ~3’600 million CHF 3’500 Kaigong (CN) ~3’000 3’000 LMW (IN) ~2’800 Marzoli (IT) 2’500 ~2’200 Murata (JP) 2’000 ~1’700 Oerlikon (DE) 1’500 Pacific M. (CN) 1’000 Toyota (JP) 500 Trützschler (DE) 0 Others 2006 2007 2008 2009 2010 17 Rieter Holding Roadshow Presentation May 2011
SYS – Growth opportunities Substantial growth opportunities exist Preparation Ring/ Roving Winding Rotor Air-Jet Comfort Blowroom Card Drawframe Comber Growth opportunities High/Import Mid/Local 18 Rieter Holding Roadshow Presentation May 2011
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