2024
Investor Presentation
© GF v3.0
GF Corporation
Pioneering industrial technology
GF Building Flow | ||||||
GF Corporate | GF Piping Systems | GF Casting Solutions | GF Machining Solutions | |||
Solutions | ||||||
1802 | 1864 | 1897 | 1921 | 2023 |
GF founded | First piping | First automotive | First | A fourth division |
in Schaffhausen | systems product | part | machinery |
Johann Conrad Fischer | Malleable iron fitting | As of 1900 GF develops |
wheels made of cast steel | ||
for trucks and cars |
GF acquires the Machine | GF acquires the Finnish |
Factory Rauschenbach for | company Uponor |
agricultural machinery |
3 2024 | Investor presentation
© GF v3.0
5.1 bn CHF
2023 Sales pro-forma1
5.6 bn CHF
105 | Market capitalization |
Production sites | |
187 | 19'824 |
Companies | Employees Worldwide |
1 Uponor included pro-forma for the full-year, GF stand-alone ("comparable")
GF Corporation
GF Piping Systems
GF Building Flow Solutions
GF Machining Solutions
GF Casting Solutions
4 2024 | Investor presentation
© GF v3.0
GF Corporation
Two thirds of Sales in Water & Flow Solutions and majority of sales outside of Europe
Sales per business* (in CHF million)
GF Machining
Solutions
18%
5.1
18% billion
GF Casting
Solutions
24%
Sales per region* (in %)
Water & Flow Solutions | Rest of World | ||||
4% | |||||
GF Piping | Asia | Europe | |||
23% | |||||
41% | 5.1 | ||||
Systems | 48% | ||||
Industry & Utility |
billion
25%
GF Building Flow Solutions | Americas |
Building Technology | *2023 sales pro-forma |
5 2024 | Investor presentation
© GF v3.0
GF Corporation
Becoming the leader in Water and Flow Solutions; Uponor acquisition major milestone
2023 peers overall and piping sales in EUR billion - pro-forma
5.1 |
36% |
64% |
4.1
100%
46%
3.3 |
46% |
3.2
67%
2.5
1.9
Legend:
1.3
1.0
Overall sales
54%
54% |
33%
100%
100%
100%
50% Other businesses
50%
Piping share
Source: Company information & filings; Geberit Piping: Piping Systems division; Aalberts Piping: Building Technology division; Wavin is Orbia's Building & Infrastructure division
6 2024 | Investor presentation
© GF v3.0
GF Corporation
Global reach with local excellence
Present in 45 countries with 19'824 employees
105 production sites | 146 sales sites | 19 R&D centers |
Americas | Europe | |
13 | 47 | Asia Pacific |
79 | ||
11 | 45 | |
14 | ||
3 | 54 | |
2 |
R&D centers: May include multiple sites from the same area
7 | 2024 | Investor presentation | GF v3.0 |
© | ||
GF Corporation
Key financial figures - Three years view
Sales
CHF million
3,722 | 3,998 | 4,026 |
2021 | 2022 | 2023 |
Organic growth
%
15.9 | 13.5 | |
3.7 | ||
2021 | 2022 | 2023 |
EBITDA-Margin
before one-offs in CHF million
12.7 | 12.7* | |
11.1 | ||
2021 | 2022 | 2023 |
Employees
FTE
15,111 | 15,207 | 19,824 |
2021 | 2022 | 2023 |
*comparable (without PPA effects on inventory and items affecting comparability out of the Uponor acquisition)
ROIC | ||
% | ||
23.4 | 23.8* | |
16.4 | ||
2021 | 2022 | 2023 |
*excl. Uponor
FCF bef. Acq.
CHF million
151 | 146 | 134 |
2021 | 2022 | 2023 |
Net debt / EBITDA
(multiple)
2.96 | ||
0.11 | -0.31 | |
2021 | 2022 | 2023 |
Earnings per share
CHF
3.37 | 2.87 | |
2.62 | ||
2021 | 2022 | 2023 |
9 2024 | Investor presentation
© GF v3.0
GF Corporation
Leading the way in corporate sustainability …
Sales with social or environmental benefits1
80 | ||
70 | 68% | 70% |
63% | ||
60 | ||
50 | ||
40 | ||
30 | ||
20 | ||
10 | ||
0 | ||
2022 | 2023 | Target 2025 |
1 excluding GF Building Flow Solutions
10 2024 | Investor presentation
CO e emissions2 | |||||
2 | |||||
Scope 1 and 2, in 1'000 tons | |||||
350 | 330 | ||||
300 | 273 | ||||
250 | 236 | 231 | |||
214 | |||||
200 | |||||
150 | |||||
100 | |||||
50 | |||||
0 | |||||
Baseline | 2021 | 2022 | 2023 | Target 2026 |
2 excluding GF Building Flow Solutions and GF Corys
31%
newly appointed managers are women2
(Target 2025: 25%)
Accident rate (LTIFR) | |||||
per million hours worked | |||||
12 | 10.2 | ||||
10 | 9.4 | ||||
7.9 | |||||
7.4 | |||||
8 | 6.6 | ||||
6 | |||||
4 | |||||
2 | |||||
0 | |||||
Baseline | 2021 | 2022 | 2023 | Target 2026 |
© GF v3.0
GF Corporation
… as acknowledged with external awards and ratings
Rating agency | Rating | Sustainability achievements across divisions and regions | ||
A
(transparency and performance on climate change)
Gold
for GF Piping Systems, GF Building Flow Solutions, GF Casting Solutions; Silver for GF Machining Solutions
Ranking 121 out of 588
AA
Successfully validated
Targets for greenhouse gas reduction
B- prime status
Source: Company information, Sustainalytics, CDP, ISS and Ecovadis
11 2024 | Investor presentation
© GF v3.0
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Georg Fischer AG published this content on 15 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2024 07:51:03 UTC.