Group Overview Cover Main picture: Claudia Dietrich, employee in the Sheet Metal Processing business unit

Publication details Publisher: Conzzeta AG, Zurich Concept, design and text: Prime Communications AG, Zurich Photography: Dani Arnold, Jolanda Flubacher Derungs, , Michael Meier, Rainer Wolfsberger, et al. Translation: Hill Johnson Associates GmbH, Zurich Printing: Staffel Medien AG, Zurich Basic map: Kober-Kümmerly + Frey, Cologne © Conzzeta – March 2015 Conzzeta – Group Overview

Conzzeta at a glance

Conzzeta is an internationally active Swiss holding company with broadly diversified busi­ nesses. Its activities are in the areas of machinery engineering, sporting goods, foam mate- rials, graphic coatings, systems engineering and real estate. In the interests of customers, employees and shareholders, Conzzeta develops its businesses with a long-term perspective.

Sheet Metal Processing Bystronic: Solutions for the processing of sheet metal and other sheet materials

Sporting Goods Mammut Sports Group: Clothing and equipment for , and winter sports

Foam Materials FoamPartner: Foam products for industry and comfort applications

Graphic Coatings Schmid Rhyner: Print varnishes and laminating ­adhesives for the graphical industry

Glass Processing Bystronic glass: Systems for processing flat glass

Real Estate Plazza Immobilien: Management of the Conzzeta Group’s portfolio of properties

3 Conzzeta – Group Overview

Success is when customers push “ us to the limits and together we deliver performance at the highest level for their customers. Ernst Bärtschi, Chairman of the Board of Directors ” Conzzeta – Group Overview

Key Facts 2014

– Conzzeta operates worldwide in a variety of business sectors and geographical markets.

– Consolidated net revenues are CHF 1 195.7 million.

– Over 60 percent of sales are generated in machinery and systems engineering.

– The Group has more than 3 300 employees in over 60 locations worldwide.

– Conzzeta’s registered shares A are listed on the SIX Swiss Exchange.

– Conzzeta stems from a long industrial tradition. The company’s foundation stone was laid in the 19th century.

Net revenue by segment 2014 (CHF m)

Sheet Metal Processing 580.7 Sporting Goods 249.9 Chemical Specialties 219.2 Systems Engineering 126.8 Real Estate and miscellaneous revenue 19.1

Total Group CHF 1 195.7 million

5 Conzzeta – Group Overview

Conzzeta growing worldwide from Swiss roots

The six business units of the Conzzeta Group serve ­customers in more than 100 countries, and are represented through their own companies in 26 different countries.

North and South America: share of net revenues and employees

16.5% CHF 197.5 million Share in total revenues by region in 2014 (CHF 1 195.7 million) 216

Employees per region in 2014

Countries with Group-owned companies

Austria Italy Singapore Brazil Japan Spain Canada Korea Sweden China Mexico Czech Republic Netherlands Taiwan France Norway Turkey Germany Poland Ukraine Great Britain Romania USA India Russia

6 Conzzeta – Group Overview

Europe

Net revenues 2014 in CHF million Number of employees 2014 – Switzerland: 145.6 – Switzerland: 1 173 – Euro area: 371.1 – Germany: 912 – Rest of Europe: 223.4 – Rest of Europe: 396 – Total Europe: 740.1 – Total Europe: 2 481

Europe and Africa: share of net revenues and employees

2481

63.4% Asia and Pacific: CHF 758 million share of net revenues and employees

640 20.1% CHF 240.2 million

7 Conzzeta – Group Overview

Key figures

Conzzeta has a strong financial base, “ with a return on net operating assets (RONOA) of 15.9%. Kaspar W. Kelterborn, ” Group Chief Financial Officer

NetNet revenue revenue (in CHF(in CHF m) m) OperatingOperating result result (in CHF(in CHF m) m) NetNet revenue revenue (in CHF(in CHF m) m) OperatingOperating result result (in CHF(in CHF m) m) 56.9 61.9 55.3 89.7 56.9 61.9 55.3 89.7 051.9 128.1 161.5 194.0 051.9 128.1 161.5 194.0

195.7 104.3 195.7 104.3

89.7 55.3 61.9 56.9

89.7 55.3 61.9 56.9 1 1 1 1 1 1 1 1 194.0 161.5 128.1 051.9 1 194.0 161.5 128.1 051.9 1

195.7 104.3 195.7 104.3

1 1 1 1 1 1 1 1 1 1 5001 500 1 125 125 1 5001 500 125 125 1 2501 250 1 2501 250 100 100 100 100 1 0001 000 1 0001 000 75 75 75 75 750750 750750 50 50 500500 50 50 500500 25 25 250250 25 25 250250 0 0 0 0 0 0 0 0

2010 20102011 20112012 20122013 201320142014 2010 20102011 20112012 20122013 201320142014 2010 20102011 20112012 20122013 201320142014 2010 20102011 20112012 20122013 201320142014

GroupGroup result result per per registered registered share share A (in A CHF)(in CHF) NetNet operating operating assets assets (NOA; (NOA; in CHF in CHF m) m) GroupGroup result result per per registered registered share share A (in A CHF)(in CHF) NetNet operating operating assets assets (NOA; (NOA; in CHF in CHF m) m) 96.3 96.3 106.9 108.3 156.8 480.7 547.0 551.9 507.0 106.9 108.3 156.8 480.7 547.0 551.9 507.0 124.0 517.4 124.0 517.4 96.3 96.3 106.9 108.3 156.8 480.7 547.0 551.9 507.0 106.9 108.3 156.8 480.7 547.0 551.9 507.0 124.0 517.4 200200 124.0 600600 517.4 200200 600600 500500 150150 500500 150150 400400 400400 100100 300300 100100 300300 200200 50 50 200200 50 50 100100 100100 0 0 0 0 0 0 0 0 See p. 102f. for detailed five-year summary for Group detailed five-year summary for for See p. 102f. See p. 102f. for detailed five-year summary for Group detailed five-year summary for for See p. 102f.  

2012 2013 Group detailed five-year summary for for See p. 102f. 2010 20102011 20112012 20122013 201320142014 2010 20102011 2011 2012 201320142014 Group detailed five-year summary for for See p. 102f.  2010 20102011 20112012 20122013 201320142014 2010 20102011 20112012 20122013 201320142014  KeyKey Facts Facts 2014 2014 KeyKey8 Facts Facts 2014 2014

– Sales– Sales up slightlyup slightly to CHF to CHF 1 196 1 196 million. million. – The– The family family shareholders shareholders form form a shareholder a shareholder group group which which – Sales up slightly to CHF 1 196 million. – The family shareholders form a shareholder group which – Sales up slightly to CHF 1 196 million. – Thewill will holdfamily hold a majority shareholders a majority stake stake form in Conzzeta in a Conzzeta shareholder until until at group least at least 2022.which 2022. will hold a majority stake in Conzzeta until at least 2022. – EBIT– EBIT increases increases by 16%by 16% to CHF to CHF 104 104 million. million. will hold a majority stake in Conzzeta until at least 2022. – EBIT increases by 16% to CHF 104 million. – EBIT increases by 16% to CHF 104 million. – A– capital A capital increase increase brings brings an inflowan inflow of funds of funds to Conzzeta to Conzzeta – A capital increase brings an inflow of funds to Conzzeta – EBIT– EBIT margin margin reaches reaches 8.7%. 8.7%. – Aof capital CHFof CHF 124 increase 124 million, million, brings intended intended an inflow largely largely of for funds thefor thetofinancing Conzzeta financing of of – EBIT margin reaches 8.7%. of CHF 124 million, intended largely for the financing of – EBIT margin reaches 8.7%. ofthe CHF the“Im 124“Im Glattgarten” Glattgarten”million, intended property property largely development. development. for the financing of the “Im Glattgarten” property development. – Free– Free cash cash flow flow amounts amounts to approx. to approx. CHF CHF 73 million73 million at the at the the “Im Glattgarten” property development. – Free cash flow amounts to approx. CHF 73 million at the – Freeendend ofcash 2014. of flow2014. amounts to approx. CHF 73 million at the – The– The Group Group had had liquid liquid assets assets of CHF of CHF 609 609 million; million; the the end of 2014. – The Group had liquid assets of CHF 609 million; the end of 2014. – Theequityequity Group ratio ratio hadstands stands liquid at 78%. at assets 78%. of CHF 609 million; the equity ratio stands at 78%. – Conzzeta– Conzzeta reorganizes reorganizes its shareits share and and ownership ownership structure. structure. equity ratio stands at 78%. – Conzzeta reorganizes its share and ownership structure. – Conzzeta reorganizes its share and ownership structure. – Conzzeta– Conzzeta sells sells Automation Automation Systems Systems business business unit. unit. – Conzzeta sells Automation Systems business unit. – The– The dividend dividend is set is setat CHF at CHF 50 per50 perregistered registered share share A. A. – Conzzeta sells Automation Systems business unit. – The– The dividend dividend is set is setat CHF at CHF 50 per50 perregistered registered share share A. A.

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Five-year summary

2014 20131 2012 2011 2010

Consolidated income statement Net revenue CHF m 1 195.7 1 194.0 1 161.5 1 128.1 1 051.9 Operating result CHF m 104.3 89.7 55.3 61.9 56.9 Extraordinary result CHF m – 23.7 3.0 8.5 1.1 5.4 Group result CHF m 61.4 75.4 46.3 52.1 51.5

Consolidated balance sheet Current assets CHF m 1 074.7 973.6 904.6 982.8 915.1 Fixed assets CHF m 376.4 360.8 364.6 369.4 372.5 Short-term liabilities CHF m 252.9 253.0 242.5 266.1 231.5 Long-term liabilities CHF m 65.4 72.6 69.3 73.0 73.4 Shareholders’ equity CHF m 1 132.8 1 008.8 957.4 1 013.1 982.7 Total assets CHF m 1451.1 1 334.4 1 269.2 1 352.2 1 287.6 Shareholders’ equity as % of total assets % 78.1 75.6 75.4 74.9 76.3

Net operating assets/employees Free Cashflow CHF m 73.4 111.7 73.2 – 1.3 17.6 Net operating assets CHF m 517.4 507.0 551.9 547.0 480.7 Employees at year-end Number 3 337 3 548 3 627 3 576 3 322 Average employees in full-time positions Number 3 500 3 584 3 604 3 507 3 238 Net revenue per full-time position CHF thousand 341.6 333.1 322.3 321.7 324.9 Personnel expenses per full-time position CHF thousand 85.2 80.2 84.7 80.2 83.1

Share information Share capital CHF m 5.2 46.0 46.0 46.0 46.0

Number of shares issued at 12 / 31 Registered shares A (par CHF 10) Number 456 750 406 0002 406 000 406 000 406 000 Registered shares B (par CHF 2) Number 303 750 270 0002 270 000 270 000 270 000

Market prices of registered shares A High/low5 CHF 3 803 / 1 953 2 027 / 1 566 2 084 / 1 530 2 534 / 1 654 1 912 / 1 616 Year-end CHF 3 385 1 983 1 591 1 720 1 816

Group result per registered share A6 CHF 124.00 156.78 96.33 108.26 106.95 per registered share B6 CHF 24.80 31.36 19.27 21.65 21.39

Gross dividend per registered share A CHF 50.003 90.004 40.00 217.00 40.00 per registered share B CHF 10.003 18.004 8.00 43.40 8.00

Total dividend CHF m 25.93 41.44 18.4 99.8 18.4

1 As of the beginning of 2014, goodwill acquired is no longer capitalized and depreciated, but offset against equity. The previous year’s figures have been adjusted accordingly. The figures for the years 2010–2012 have not been adjusted. 2 In the previous year, bearer shares (par value: CHF 100) and registered shares (par value: CHF 20) were issued. 3 As proposed by the Board of Directors. 4 Payment by way of a reduction of the share capital through par value reduction. 5 With adjustment of subscription rights. 6 To facilitate comparison, the average number of shares before the capital increase has been adjusted retroactively.

9 Conzzeta – Group Overview

Solid financing and a long-term perspective are “ the basis for healthy growth of Conzzeta. ”

10 Conzzeta – Group Overview

The values we build on

Values that are not just written down, but lived up to – these are what our companies are built on.

Responsibility We invest in companies in order to offer useful products and services, create attractive jobs and generate healthy revenues. We first assess whether the company in question will be able to develop successfully within the framework of our Group.

Scope for development We create a framework that enables our executives and employees to act self-reliantly and develop their full potential.

Innovation We foster innovation on all levels to help our companies consolidate and develop their strong market positions.

Respect We act with consideration for people and nature, and respect the legal and social frame- work. We build trust, inside and outside the company, through fairness and reliability.­

Financial standing We maintain our strong financial fundamentals so that we can withstand difficult periods with equanimity. That is why we finance our businesses, as far as possible, from our own resources.

11 Conzzeta – Group Overview

With our expertise in cutting and “ bending, we develop market-oriented products and services that set new

Alex Waser, ­standards worldwide.­ CEO Bystronic ”

Sheet Metal Processing – Bystronic

Bystronic is a world-leading supplier of solutions­ for the processing of sheet metal and other sheet materials.

Bystronic’s offering includes laser and waterjet cutting kinds of materials. Many ­Bystronic customers are small systems, as well as pressbrakes. The integrated Bystronic and medium-sized enter­prises – component suppliers or software ensures optimized control of the cutting and manufacturers of finished products – in almost­ all bending processes. For Bystronic customers, process branches of industry. optimization, i.e. linking of the chain from the initial Bystronic Laser­ AG was founded in Niederönz (Swit- order via computer-aided engineering through to finished zerland) in 1986. The company has been a member of the workpiece, is all part of the deal. Bystronic also offers Conzzeta Group since 1994. automation solutions for cost-effective control of the material flow. The offering is rounded off by a compre- hensive package of services covering the entire process chain, with measurable benefits for customers. Bystronic systems are used in a wide range of indus- Overview Bystronic tries, including metalworking, machinery, commercial vehi­­­­­ ­ – Annual net revenue 2014: CHF 580.7 million cles, ­construction and aeronautical engineering. The ma­­ – Number of employees: 1 595 chinery is designed to process a variety of materials in a – Presence: worldwide, 26 sales and service wide range of dimensions, from tiny machine parts to ­companies; 3 development and production vehicle chassis several­ meters long. Laser cutting and sites in Switzerland, Germany and China; used pressbrakes are used for processing mild steel, stainless machinery centers in Romania and the USA steel and aluminium, non-ferrous metals such as copper www.bystronic.com and brass, while waterjet cutting can be applied to all

12 Conzzeta – Group Overview

Mammut is an established presence in the “ global mountain sports market, a position we consolidated in 2014. Onwards and Rolf G. Schmid, CEO Mammut upwards from here. Sports Group ”

Sporting Goods – Mammut Sports Group

Mammut Sports Group develops, manufactures and ­markets ­innovative clothing and equipment for ­mountaineering, climbing and winter sports.

Mammut is “absolute alpine”. For over 150 years, the brand of mountaineering to film the ascent of famous peaks as an has stood for safety, innovation and strong customer ser- interactive experience with a panoramic, 360º view. vice. The alpine sports lines – from clothing, shoes, back- The foundation stone for the Mammut Sports Group packs, and sleeping bags, to avalanche rescue equipment, was laid by Kaspar Tanner in 1862 with the establishment climbing harnesses, ropes and biners – combine functional- of a ropemaking business in Dintikon near Lenzburg ity, technology and design, all made to Swiss quality stand- (Switzerland).­ Mammut has grown into one of the most ards. Alpine sports are demanding and focus on high per- popular brands in the mountain sports and outdoor sec- formance. Mammut is continuously improving its products tor. The fully automated logistics center, inaugurated in to meet the demands of professionals and amateurs alike. Wolfertschwenden­ (Germany) in October 2012, provides The company’s specialists develop products in close col- a solid basis for future growth. laboration with professional mountaineers and extreme sports enthusiasts. Overview Mammut Sports Group Mammut made its mark in 2012 with the worldwide – Annual net revenue 2014: CHF 249.9 million “Peak Project” celebrating its 150th anniversary. And in 2014 – Number of employees: 592 the company continued to hold the world’s attention thanks – Presence: worldwide sales network in over to high-quality products, exciting promotional campaigns 50 countries; head offices, product development and innovations. As part of “Project360”, for example, spec- and rope manufacture in Seon (Switzerland); tacular climbing routes such as of the Eiger ­numerous production partners in Europe and Asia were filmed using 360º cameras. Thanks to this break- www.mammut.ch through, it is now possible for the first time in the history

13 Conzzeta – Group Overview

We are on course to keep growing, “ ­expanding our offering in line with trends and strengthening our global position in

Bart J. ten Brink, the foam materials market. CEO FoamPartner ”

Foam Materials – FoamPartner

FoamPartner manufactures top-quality foam materials and ­offers ­customized solutions for the Industry and Comfort ­business segments.

FoamPartner develops, manufactures and processes high- The history of FoamPartner goes back to 1937 when the quality foam materials made from polyurethane. It has a original company began trading in natural sponges. It took very diverse product portfolio, offering over 200 different up foam manufacture in the 1950s and became part of types of foam. The group operates on three continents: Conzzeta in 1980. The introduction of the Foam­ Partner­ Europe, Asia & Pacific and the Americas. In addition to master brand in 2000 brought the foam materials special- polyurethane foams, the business unit’s processing plants ists on three continents together under one roof. turn polyethylene and melamine foams as well as func- tional materials into customer-specified components and complete solutions. FoamPartner focuses on two strategic business areas: “Comfort” comprises foam products for manufacturers of Overview FoamPartner mattresses, pillows and cushions. FoamPartner produces – Annual net revenue 2014: CHF 163.3 million premium comfort foams for the most demanding specifi- – Number of employees: 581 cations, guaranteeing a good night’s sleep. The “Technical – Presence: worldwide sales network in 54 coun- Foams” area is focused on the vehicle construction and tries; 11 production, processing and sales processing industry. Customized foam products are used ­locations as well as an acoustics test center in as selected acoustic components and systems, polishing Europe, Asia & Pacific, and North and South pads, seals and cleaning sponges, or for applications in America technical installations and automotive technology. www.foampartner.com

14 Conzzeta – Group Overview

Schmid Rhyner sets groundbreaking market “ trends with innovative varnishes. Our relief varnishes from the Touch & Feel range trigger

Jakob Rohner, positive emotions through texture. CEO Schmid Rhyner ”

Graphic Coatings – Schmid Rhyner

Schmid Rhyner develops and manufactures high-­quality print ­varnishes and laminating adhesives for the graphical industry.

Founded in 1973, Schmid Rhyner is a leading supplier of Schmid Rhyner was founded in 1880 and has a long tra- print finishing products. The overprint varnishes can be dition in the manufacture of coating materials. The com- used for partial or full varnishing,­ on high-quality printed pany began making products for the printing industry in matter and in printed packaging for the pharmaceutical,­ 1973. Schmid Rhyner was acquired by Conzzeta in 1987. cosmetics, luxury products and food segments. Apart Its products are now sold in more than 100 countries. from their protective function, print finishing products serve as a creative design­ element, adding considerable value to high-end printed matter. Schmid Rhyner devel- ops, manufactures and markets overprint varnishes in two product lines: a UV-hardening range, and water-based dispersions which are dried by applying heat. All the products are environmentally friendly, solvent-free and Overview Schmid Rhyner recyclable. – Annual net revenue 2014: CHF 55.9 million Schmid Rhyner products are developed in close col- – Number of employees: 68 laboration with customers and printing machine manu- – Presence: worldwide sales network facturers to ensure that they meet the highest quality in over 100 countries; 1 production site standards. The company also provides active customer in Adliswil (Switzerland); 1 subsidiary support in the form of wide-ranging theoretical and in New Jersey (USA) ­practical training courses in all aspects of print finishing: www.schmid-rhyner.ch from graphic design to safety issues in food packaging.

15 Conzzeta – Group Overview

Our customers worldwide may have high “ expectations, but as acknowledged experts in the treatment and processing of flat glass,

Burghard Schneider, we can deliver. CEO Bystronic glass ”

Glass Processing – Bystronic glass

Bystronic glass offers high-quality system solutions for the processing of architectural and automotive glass.

Bystronic glass specializes in machinery and systems for processing, beginning in 1964 with Bystronic Maschinen processing architectural and automotive glass. Reflecting AG in Switzerland. The business unit has been part of the the diverse requirements of its customers, the business Conzzeta Group since 1994. unit offers a broad spectrum of products ranging from single machines to complete production lines, always backed up by expert and reliable customer service. In the automotive segment, Bystronic glass supplies systems for preprocessing, which involves cutting, grind- ing and drilling of glass. In the architectural segment, the focus is on systems for the manufacture of insulating glass, which is in growing demand around the world due to the increasingly stringent requirements regarding energy efficiency and noise protection. The port­folio Overview Bystronic glass also includes innovative systems for the production of – Annual net revenue 2014: CHF 109.5 million laminated safety glass and efficient handling systems – Number of employees: 467 for all aspects of flat-glass and plate processing. In the – Presence: worldwide sales and service network, architectural glass cutting segment, Bystronic glass coop- with subsidiaries and several representative erates with the German machinery manufacturer HEGLA. ­offices; Strategic Business Units (SBUs) with This enables it to offer customers complete solutions ­development and production sites in Germany, for the manufacture of insulating glass. Switzerland and China Bystronic glass looks back on a long history in the www.bystronic-glass.com development and manufacture of systems for flat-glass

16 Conzzeta – Group Overview

As custodians of long-term investments – “ real estate – we are part of the solid ­foundations of the Conzzeta Group. Ralph Siegle, ” CEO Plazza Immobilien

Real Estate – Plazza Immobilien

Plazza Immobilien manages the Conzzeta Group’s ­port­folio of properties.

Plazza Immobilien manages the Conzzeta Group's port- The “L'Orée de Crissier” project envisages the creation of folio of nonoperational properties, supports the industrial an entire district complete with apartments, shops and business units in questions relating to real estate and also offices on a former industrial and trading estate in the provides services to third parties. The business unit's town of Crissier. The development plan was submitted activities are focused on maintenance of value and devel- to the canton of Vaud in October 2014; realization is opment of the property and land assets. The Tiergarten planned in stages, starting in 2018. The project is to be development in Zurich, with over 500 apartments, is part realized by Plazza Immobilien along with co-investors. of the Plazza Immobilien portfolio. This residential estate In 2014 the Board of Directors of Conzzeta AG was built on the former premises of the Zürcher Ziege- decided to spin off its Plazza subsidiary as an inde­ leien works. It was the first industrial site in the city of pendent company by 2016. The preparations to complete Zurich to be rezoned for housing. separate listing of the real estate portfolio on the stock Plazza Immobilien currently has two projects on the exchange should be in place by summer 2015. The Plazza drawing board. As part of the “Im Glattgarten” project in shares will be allocated to the Conzzeta shareholders. Wallisellen, on a site covering almost 14,000 square meters, Plazza Immobilien is building some 220 apart- ments for rent in the medium price range as well as almost 1700 square meters of office and commercial space. The Overview Plazza Immobilien planning application was submitted in October 2014. If – Annual net revenue 2014: CHF 19.3 million no objections are raised, the residential and commercial – Number of employees: 16 space will be ready for occupation in 2018. The project – Presence: properties throughout Switzerland is being financed largely from funds that will flow to www.plazza-immobilien.ch Plazza Immobilien through a capital increase at Conzzeta.

17 Conzzeta – Group Overview

A hundred years of tradition and change

The Conzzeta Group, which now operates worldwide, looks back on a long history that began over 100 years ago with tile and brick works in Zurich.

The Conzzeta Group traces its origins back to the 19th As a first step, in 1980, the company took up the manu- century when a number of modern tile and brick works facture of foam materials; in 1982 it entered the rope and grew up within the present city boundaries of Zurich. The sporting goods sector; and in 1987, paint and varnish pressure to consolidate led to the merger of the various production followed. In 1992, the parent company was works in the city. The initiative came from the Dampf­ transformed into a holding company to meet the needs ziegelei Heurieth works, whose Board of Directors of the extended group structure. Two years later, the included the brothers Ernst and Jacob Schmidheiny from Group entered the machinery and systems engineering Heerbrugg. In 1912, Mechanische Backsteinfabrik Zürich sector, which has since developed into the largest busi- and Ziegeleien Albishof-Heurieth joined forces to form ness area, with worldwide operations. Systematic imple- a joint stock corporation called Zürcher Ziegeleien. The mentation of the diversification strategy away from double Z in the name of Conzzeta AG recalls the origins building materials led to the sale of the original core of the Group to this day. Conzzeta celebrated its 100th business with construction products in 1999. This coin- anniversary in 2012 and can look back on an eventful and cided with the renaming of the holding company as successful history. Conzzeta. Zürcher Ziegeleien steadily expanded its activities, The Conzzeta Group today is a holding company, with continuing its business with construction materials until businesses operating worldwide in a variety of sectors the end of the 20th century. Starting in 1980, the com- with high growth potential. pany began a program of cautious diversification, aimed at better risk distribution.

Establishment of joint stock company Zürcher Ziegeleien. Concentration Beginning of diversifi­ Entry into rope and Entry into architectural on construction materials cation. Entry into foam sporting goods business paints and varnish and tile and brick pro­- materials business with with acquisition of Arova-­ ­production with acquisi­ ducts; steady expansion acquisition of Fritz Nauer Lenzburg AG, today tion of Schmid Rhyner AG and growth AG, today FoamPartner ­Mammut Sports Group

1912 1980 1982 –1979 1987

18 Conzzeta – Group Overview

A worker places tiles in a Workers feeding portions of clay into the rotary Cutting clay for tile production at the Tiergarten pit ring kiln. presses to be formed into roofing tiles. in Zurich.

Mammut twists the thread for its high- FoamPartner has its own quality assurance Every touch is perfect: a Bystronic operative quality mountaineering ropes inhouse. teams to check its foam products. assembling a laser cutting system.

Merger of Tegula AG and Conzzeta AG. The founding Foundation of Entry into machinery Conzzeta celebrates families form a shareholder ZZ Immobilien AG, today and systems engineering its 100th anniversary group which will ­retain a Plazza Immobilien AG with acquisition majority stake in Conzzeta of Bystronic Group until at least 2022

1992 1994 2012 2014

19 Conzzeta AG Giesshuebelstrasse 45 CH-8045 Zurich www.conzzeta.ch