on a new level
Annual Report 2011 Key figures Oerlikon Group 2011 (in CHF million)
2011 2010 Change (abs.) Change (%) Sales 4 182 3 601 +581 +16 Order intake 4 043 4 520 – 477 – 11 EBITDA 605 278 +327 >100 EBIT 419 51 +368 >100 Operating cash flow * 541 354 +187 +53 Net profit 224 5 +219 >100
Key figures Oerlikon Group
January 1 to January 1 to December 31 December 31 in CHF million 2011 2010
Order intake 4 043 4 520 Order backlog 1 481 1 702 Sales 4 182 3 601 EBITDA 605 278 – as % of sales 14 % 8 % EBIT 1 419 51 – as % of sales 10 % 1 % Net profit 224 5 – as % of sales 5 % 0 % – as % of equity attributable to shareholders of the parent 14 % 0 % Cash flow from operating activities before changes in net current assets 2 541 354 Capital expenditure for fixed and intangible assets 167 150 Total assets 4 573 4 475 Equity attributable to shareholders of the parent 1 586 1 430 – as % of total assets 35 % 32 % Net debt 3 86 274 Net Operating Assets 4 2 205 2 196 Number of employees 17 227 16 657 Personnel expense 984 1 015 Research and development expenditures 5 213 239
1 EBIT before restructuring and impairment of goodwill amounts in 2011 to CHF 422 million (previous year: CHF 103 million). 2 Cash flow from operating activities (after changes in net current assets) amounts to CHF 435 million (previous year: CHF 511 million). 3 Net debt includes current and non-current debt less cash and cash equivalents and marketable securities. 4 Net Operating Assets include current and non-current operating assets (including goodwill and brands and excluding cash and cash equivalents, financial assets, current and deferred tax receivables) less operating liabilities (excluding financial liabilities, current and deferred tax payables). 5 Research and development expenditures include expenses recognized as intangible assets in the amount of CHF 24 million (previous year: CHF 32 million).
Key share-related figures 1
January 1 to January 1 to December 31 December 31 in CHF 2011 2010
Share price High 7.85 12.30 Low 4.06 3.69 Year-end 5.03 4.90
Total shares outstanding 323 124 010 323 085 471 Market capitalization in million 1 625 1 583 EBIT per share 1.30 0.25 Earnings per share 0.68 0.01 Cash flow from operating activities per share * 1.68 1.71 Equity per share 2 4.91 6.92 Dividend per share 3 0.20 0.00
1 Average number of shares with voting and dividend rights. 2 Attributable to shareholders of the parent. 3 Dividend 2011: proposal of the Board of Directors. * Before changes in net current assets. Vision Oerlikon creates innovative industrial solutions for a better life.
Mission Oerlikon strives to be your most reliable business partner, worldwide.
We increase value through high-quality innovative industrial solutions, continuously.
We engage highly qualified professionals.
Our commitment is your success! Core Values Integrity Everything we build, we build on trust.
Team Spirit I care about the team, the team cares about me.
Excellence What we do, we do best.
Innovation Ideas come from everybody and from everywhere in the organization. Oerlikon’s Segments in brief
Textile Drive Systems Vacuum
Key figures in CHF million 2011 2010 in CHF million 2011 2010 in CHF million 2011 2010 Orders received 1 977 2 509 Orders received 892 792 Orders received 400 438 Order backlog 1 053 1 197 Order backlog 213 137 Order backlog 77 84 Sales (to third parties) 2 037 1 653 Sales (to third parties) 821 733 Sales (to third parties) 409 410 EBIT 183 21 EBIT 49 –27 EBIT 59 30 Employees 6 230 6 294 Employees 5 471 5 141 Employees 1 472 1 453
Oerlikon Textiles’ businesses are the Oerlikon Drive Systems is a leading pro Oerlikon Vacuum offers a wide range of market leaders in the areas of man- vider of gear and transmission solutions vacuum components for industrial manu- made fibers, natural fibers and textile for a wide range of markets and applica- factu