Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

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3.5 Oerlikon Coating 1. Oerlikon Coating performed very well in 2011, achieving a record EBIT margin of 20 %, which makes it Oerlikon’s most profitable segment. 2. The Segment continued its regional expansion by building up new coating centers in China, India and Poland; there are now 87 coating centers in 32 countries. 3. Oerlikon Coating is the market and technology leader. Innovations like S3p and regional expansion further improved the position of the Segment in the worldwide market. Key figures in CHF million 2011 2010 % Order intake 484 422 15 Order backlog – – – Sales (to third parties) 484 422 15 EBIT 97 52 87 EBIT margin 20 % 12 % – Best-in-class Sandvik Tooling: 22 % EBIT margin (2011) Market presence of Oerlikon Coating Food Clothing Transportation Infrastructure Energy Electronics Others End applications based on Oerlikon technologies Cars PET Formula 1 Plastic Precision Gearboxes Watchmaking metallization tools
Business development Oerlikon Coating achieved strong results in 2011. Sales increased by 15 % to CHF 484 million, fueled by the recovery of the automotive industry, particularly in Europe, as well as successful expansion in Asia and the systematic scope enlargement of the Segment’s applications. Adjusting for Swiss franc currency effects, sales would have totaled CHF 539 million, which represents growth of 28 %. Active capacity and cost management of the global network of 87 centers resulted in a sustainable rise in profitability. 2011 EBIT totaled CHF 97 million, compared with CHF 52 million in the previous year. With a 2011 EBIT margin of 20 %, the Segment exceeded the profitability levels of the previous year and reached a historically high level. The key to this continued success is sustainable investment in research and development, which renews the position as the technological leader on a continual basis. The highlight in 2011 was the introduction of a pioneering innovation called S3p (Scalable Pulsed Power Plasma) technology, and the attendant coating system INGENIA, to the market in the second half of the year. The focal point of Oerlikon Coating’s business activities is coating services that substantially improve the performance of tools and precision components; facilitate new functions and designs; and have a significant advantage to competing tech- Key topics Regional expansion: Oerlikon Coating expanded its global network in 2011. The Segment commissioned two coating centers into operation in China and one in India, thereby increasing its presence in the region to 27 centers. In May, a third coating center in Poland went into operation. In addition to these new facilities, capacity at existing coating centers in Asia and Europe was expanded considerably to meet growing demand for high-performance coating. Altogether, Oerlikon Coating’s network of centers stands at 87 locations worldwide in 32 countries. This expansion will continue in 2012, pairing regional expansion to the international rollout of new technologies. For example, the capacity of the coating center in Suzhou, China, is being significantly increased and a new development center for coating three-dimensional plastic parts has been established in the first quarter of 2012. Outlook: some sales growth, stable margins at a high level The Segment foresees further growth opportunities in both regional terms and in new application areas, in new and existing industries. Increased customer productivity, environmental protection and design requirements drive Oerlikon’s coating technology. Oerlikon Coating expects to achieve some sales growth in 2012 and to maintain high profitability at 2011 levels. 39 nologies. In 2011, coating services represented over 90 % of sales. Just under 10 % was produced by equipment sales. The growth took place in all regions: 14 % in Europe, 9 % in North America and 20 % in Asia. The precision parts business for the automotive industry developed well and with increasing dynamics, as did the businesses servicing the watch, aviation and medical technology industries. This area now represents 20 % of the Segment’s sales. The integration of the Hartec Group, which was acquired in December 2010 to add PVD coatings and UV painting technologies of three-dimensional plastic parts to the product range, remained on schedule. This strategic acquisition creates new opportunities for the Segment, particularly in the automotive industry: exterior and interior metallic-like plastic parts that once required galvanization can now be produced in an environmentally conscious and economically viable manner the first time. Testing and development undertaken with leading automotive manufacturers has been very promising. Innovation: The S3p technology presented to the market in the second half of 2011 allows customers unparalleled coating solutions with completely new characteristics. One example is extremely hard, smooth coatings that adhere well. With this technology, time-consuming post-treatment of coatings is being simplified enormously or done away with completely. The coating system designed for this purpose, INGENIA, also sets new standards in terms of precision, quality and productivity.
Page 1 and 2: on a new level Annual Report 2011
Page 3 and 4: Vision Oerlikon creates innovative
Page 5 and 6: Oerlikon’s Segments in brief Text
Page 7 and 8: On a new level 2011 was a year of s
Page 9 and 10: I. Operational review We achieved a
Page 11 and 12: Dear Shareholders, 2011 was a break
Page 13 and 14: Solid performance of Oerlikon share
Page 15 and 16: Remuneration Report Risk Management
Page 19 and 20: Achieving a new level of profitabil
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Page 26 and 27: Dr. Michael Buscher, CEO Oerlikon G
Page 28 and 29: 3.1 Oerlikon Textile 1. In 2011, Oe
Page 31 and 32: Turnaround time reduced by 40 % The
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8.0 Risk management 1. The 2011 enh
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Contents I. Operational review 1.0
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Key Figures Group Notes OC Oerlikon
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102 Expenses included in EBIT Key F
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106 Financial investments Key Figur
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108 Property, plant and equipment i
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110 Key Figures Group Notes OC Oerl
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112 Intangible assets Previous year
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116 Provisions in CHF million Key F
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118 Liquidity risk Key Figures Grou
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126 Related Party transactions Key
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130 Segment information Key Figures
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132 Companies by country Country Pr
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134 Report of the Statutory Auditor
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Contents I. Operational review 1.0
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9.0 Outlook for global markets Tren
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Remuneration Report Risk Management
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10.0 Research and development In 20
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166 Innovation highlights Oerlikon
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170 Oerlikon Coating INGENIA: the q
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11.0 Expanding the global footprint
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Financial calendar March 5, 2012 An
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AB Applied Biosystems ∙ ABB ∙ A
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Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

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