Introduction to Danfoss

Transcription

1 Introduction to Danfoss

2 Danfoss engineers technologies that enable the world of tomorrow to do more with less. We meet the growing need for infrastructure, food supply, energy efficiency and climate-friendly solutions 2 Corporate presentation, October 2015

3 Trend World population is moving into cities, creating a huge demand for infrastructure Danfoss We help build the infrastructure in a sustainable and efficient way 3 Corporate presentation, October 2015

4 Infrastructure 4 Corporate presentation, October 2015

5 Trend World population is growing and there is a constant need for more and better food Danfoss We help meet this need by improving farming productivity and keeping food cold and fresh 5 Corporate presentation, October 2015

6 Food 6 Corporate presentation, October 2015

7 Trend Global energy demand is rising as population grows and standards of living increase Danfoss We help get more out of less with our energy-efficient technologies 7 Corporate presentation, October 2015

8 Energy 8 Corporate presentation, October 2015

9 Trend Global emissions are rising, however, development can be turned around and air pollution limited Danfoss We help lower emissions and increase human well being through our innovative technologies 9 Corporate presentation, October 2015

10 Climate 10 Corporate presentation, October 2015

11 Danfoss facts Employees 24,000 Worldwide sales Factories Top three markets Ownership Headquarters more than 100 countries 63 in 19 countries USA, Germany and China Privately held Nordborg, Denmark 11 Corporate presentation, October 2015

12 Key financials (2014) Net sales 34.4bn DKK 4.6bn EUR EBIT (excluding other operating income and expenses) 4.4bn DKK 584m EUR Free cash flow (before M&A) 3.4bn DKK 455m EUR 12 Corporate presentation, October 2015

13 Our global markets Share of turnover per region 2014 North America 24% Other Europe 11% Latin America 4% EU 40% Africa/Middle East 2% Asia-Pacific 19% 13 Corporate presentation, October 2015

14 Our organization Kim Fausing Executive Vice President & COO Executive Committee Niels B. Christiansen President & CEO Jesper V. Christensen Executive Vice President & CFO Global Services Corporate Functions Danfoss Power Solutions Danfoss Cooling Danfoss Drives Danfoss Heating Eric Alström Segment President Jürgen Fischer Segment President Vesa Laisi Segment President Lars Tveen Segment President Hydrostatics Work Function Controls Refrigeration & Air Conditioning Controls Commercial Compressors Industry Business Power Electronics Vacon Residential Heating District Energy Commercial Controls Heat Exchangers 14 Corporate presentation, October 2015

15 Strategy journey Core & Clear 2010 Journey starts 2014 Results Journey continues Invest in core business areas and divest non-core activities Optimize business and reduce complexity Sharpen value for customers through stronger focus on quality, reliability and innovation Motivate employees to support changes and perform their best Record-high sales and profit 10% improvement in productivity per year Best-in-class quality and on-time deliveries Leading positions strengthened Employee commitment risen to 78 in 2013 from 73 back in 2009 (scale: 1-100) Continue improving business Expand Danfoss position and accelerate profitable growth Invest in innovation, branding and market growth pockets Acquire new technologies and activities 15 Corporate presentation, October 2015

16 Innovation that makes a difference Heavy investment in innovation 3.9% of net sales in 2014 Customer involvement from start to finish 50 product lines that meet needs and make a difference On average, we are granted a new patent every day 16 Corporate presentation, October 2015

17 Committed employees 24,000 employees dedicated to engineering solutions that make a difference to people and businesses worldwide Highest level of employee commitment ever (2013: 78 on scale) Our behavior We build our business on trust and integrity We are innovative in our ambition to exceed expectations We are global and embrace diversity We treasure sustainable results 17 Corporate presentation, October 2015

18 Employees worldwide North America incl. Mexico 4,290 Denmark 5,300 Latin America 420 Europe excl. DK 8,660 Asia Pacific 5,390 Africa Middle East Corporate presentation, October 2015

19 Our approach to sustainability Follow the UN Global Compact Guidelines, training and programs that govern our behavior Code of Conduct for suppliers and regular audits to verify compliance Climate strategy: by 2030, Danfoss will be using half as much energy as in 2007 and this energy will emit half as much CO2 19 Corporate presentation, October 2015

20 Our history Founded in 1933 by Mads Clausen in Nordborg, Denmark Grown from a solo enterprise into a world-leader Made possible by clear focus on innovative engineering and early entry on emerging markets Cooling Heating Power Solutions Drives First product was an expansion valve for refrigeration systems (1933) Danfoss invented one of the first radiator thermostats in the world (1943) Entered hydraulics business with orbit motor for agricultural and construction machines (1964) First company to massproduce variable speed drives for controlling motors (1968) Later the hermetic compressor for refrigerators and freezers followed (1952) Today, we are one of the world s leading producers of these and many other products 20 Corporate presentation, October 2015

21 21 Corporate presentation, October 2015