ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end-user needs for security, safety and convenience
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ASSA ABLOY Group
Corporate presentation 2015
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The global leader in door opening solutions
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Own operations
+70 countries
Employees
44,000
Sales SEK
57 billion
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Share of Group sales 2014 Emerging markets 25% of sales
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Local currencies. Emerging markets comprise Africa, Asia, the Middle East, South America and Eastern Europe.
NORTH AMERICA AND CENTRAL AMERICA
26% 36%
WESTERN AND EASTERN EUROPE
6% 41%
ASIA AND MIDDLE EAST
3% 16%
SOUTH AMERICA
21% 2%
AFRICA
17% 1%
AUSTRALIA AND NEW ZEALAND
7% 4%
Change relative to last year
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ASSA ABLOY’s historical timeline
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Our vision
To be the world-leader, most successful and innovative provider of total door opening solutions
To lead in innovation and offer well-designed, safe, secure and convenient solutions that create added value to our customers
To offer an attractive company to our employees
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Our growth drivers
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The new “electronic world”:
– electromechanical and digital locking
– access control and secure identity & issuance
– automatic doors
Geographical and emerging market expansion
Increased need for security
Higher expectations
Acquisitions
Branding
Innovation – new solutions
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Market presence
Product leadership
Cost- efficiency
Growth and profitability 10% Annual growth
16-17% Operating
margin
TARGET
STRATEGY
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A world-leading market presence is achieved by exploiting the strength of the brand portfolio, increasing growth in the core business and expanding into new markets and segments.
Market presence
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Solid market position
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The leading brands Large installed base
A strong sales channel position Local standards adds to stability
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Our business is total door opening solutions seamlessly connected to the building
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Our solutions meet customer needs
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Large customers
Institutional and commercial customers such as airports, hospitals, schools, shopping malls, universities and industry
Residential and Consumers
The majority of consumer sales are replacements or upgrades of existing security products
Small and midsize customer
Characterized by each customer’s need for professional advice and installation
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Product brands capitalizing on installed base
Four Global brands where market position is unique
Product brands, non endorsed - Not associated with the ASSA ABLOY brand
Our brand strategy
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The Group’s product leadership is achieved through the continuous development of products offering enhanced customer value and lower product costs.
Product leadership
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Product leadership through innovation
Innovation Our driver for growth
R&D Investments + 100 percent since 2005. More than 1 400 engineers today Long term competitive advantage Continuous improvement of products:
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Benefits Costs Quality
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Increased share of fast growing products Electromechanical
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2004 2014
26
SEK bn
57 SEK bn
53%
20%
27%
30%
20%
50%
Mechanical locks & accessories
Electro- mechanical
Security doors
Security doors
Mechanical locks & accessories
Electro- mechanical
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Some ASSA ABLOY products
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Some ASSA ABLOY products
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Efforts to increase cost-efficiency continue in all areas, including common product platforms with fewer components and common product development.
Cost efficiency
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Efforts to radically reduce break-even costs
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Manufacturing footprint program
Professional sourcing
Lean operations
Value Analyzes and Value Engineering (VA/VE)
Seamless Flow
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ASSA ABLOY creates opportunities for increased growth and profitability through a strong focus on the strategy’s three areas of market presence, product leadership and cost-efficiency.
Growth and profitability
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ASSA ABLOY divisions 2014
Mech & elmech locks, cylinders &
security doors
Electronic access and identity
Entrance automation
Americas 21%
EMEA 25%
Asia Pacific 14%
Global Technologies (HID and Hospitality)
ASSA ABLOY Entrance Systems
Product offering
Organization % of
Group Sales
60%
13%
27%
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EMEA division 2014
Geographically adopted products for Europe, Middle East and Africa
In 2014, EMEA grew by 3 percent organically and sales totaled SEK 14,753 M
The division has 10,678 employees
Leading brands: ASSA ABLOY, Yale, ABLOY and Mul-T-Lock
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Share of Group 25%
Sales
25%
EBIT
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Americas division 2014
Geographically adopted products for North and South America
In 2014, Americas grew by 4 percent organically and sales totaled SEK 12,156 M
The division has 7,193 employees
Leading brands: ASSA ABLOY, Yale, ABLOY and Mul-T-Lock
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Share of Group 21%
Sales
27%
EBIT
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Asia Pacific division 2014
Geographically adopted products for Asia, Australia and New Zealand
In 2014, Asia Pacific grew by 1 percent organically and sales totaled SEK 8,336 M
The division has 13,439 employees
Leading brands: ASSA ABLOY, Yale, ABLOY and Mul-T-Lock
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Share of Group 14%
Sales
13%
EBIT
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Global Technologies division 2014
Operates worldwide with focus on access control, identification assurance and hotel security
Products marketed globally
In 2014, Global Technologies grew by 1 percent organically and sales totaled SEK 7,207 M
The division has 3,331 employees
Leading brands: HID and ASSA ABLOY
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Share of Group 13%
Sales
14%
EBIT
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Entrance Systems division 2014
Supplies complete solutions for entrance automation
Products marketed globally
In 2014, Entrance Systems grew by 4 percent organically and sales totaled SEK 15,409 M
The division has 9,420 employees
Leading brands: ASSA ABLOY, Entrematic and FlexiForce
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Share of Group 27%
Sales
21%
EBIT
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Financial overview 2014
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Operating cash flow, SEK
8,238 M
+21%
Earnings per share*, SEK
17.38
+17%
EBIT*, SEK
9,257 M
+17%
Sales, SEK
56,843 M
+17%
* Excluding restructuring costs 2013.
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Sales
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0
10 000
20 000
30 000
40 000
50 000
60 000
1994 2014 2004 1999 2009
M SEK
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3 000
4 000
5 000
6 000
7 000
8 000
9 000
10 000
600
1 100
1 600
2 100
2 600
3 100
Operating income* (EBIT)
*Excluding restructuring costs 2006, 2008, 2009 and 2011.
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Rolling 12 months
Run rate 9.3 Bn SEK (7.9), +17%
2014 2004 2009
M SEK
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Sales split Group overview
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Residential
End users
25%
75%
Commercial and institutional
New construction
Recurring business
33%
67%
After market
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We are a true world leader
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A clear and well adopted
market strategy
World leadership
in innovation
An efficient customer oriented
organization
Operating in a growing market driven by improved wealth, urbanization and a strong trend towards increased safety and security
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www.assaabloy.com
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