schneider electric to launch offer for construction ... · aveva net & engage wonderware,...
TRANSCRIPT
![Page 1: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/1.jpg)
Confidential Property of Schneider Electric
Schneider Electric to Launch Offer for
Construction Software Provider RIB Software and Expand Capabilities in
Building Life Cycle Digitization
February 13th 2020
![Page 2: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/2.jpg)
Page 2Confidential Property of Schneider Electric |
Announcement highlights
Build a leader in digital and sustainable smart building solutions
Enable end-to-end building life cycle offering
Aims to be accretive to Adj. EBITA margin in 2021
Fully supported by RIB board1
16% of shares committed
RIB Management to continue in their roles
1 Subject to review of the offer document
41% premium on last closing price, 37% premium on last 3 months VWAP
![Page 3: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/3.jpg)
Page 3Confidential Property of Schneider Electric |
Our unique positioning:
Energy and automation digital solutions for efficiency and sustainability
Buildings Data Centers Infrastructure Industry
Serving 4 end-markets
Energy Management
Industrial Automation
Industry
4.0
Energy
Transition
Efficiency Sustainability
![Page 4: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/4.jpg)
Page 4Confidential Property of Schneider Electric |
x4 Integration for efficiency
Energy Automation+1
End Point Cloud2
Building
& Design
Operate
& Maintain3
From Site-by-Site
to Integrated Company Management4
![Page 5: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/5.jpg)
IndustryAll Digital All Electric
BuildingAll Digital All Electric
Page 5© 2019 Schneider Electric, All Rights Reserved |
Today we continue
our journey to build
a software portfolio
With Aveva, Schneider Electriccreated a global leader in engineering and industrial software
![Page 6: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/6.jpg)
Page 6Confidential Property of Schneider Electric |
As a technology company,
we provide energy and automation digital solutions for efficiency and sustainability.
… across the full life cycle
Design & CAD Build BIM Operate & Maintain
![Page 7: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/7.jpg)
Page 7Confidential Property of Schneider Electric |
We drive efficiency & sustainability through lifecycle
digitization in Industry and Buildings
Design Build Operate & Maintain
RIB
(construction software)Partnership with other players
SimSci
By AVEVA
AVEVA
E3D
AVEVA
NET & ENGAGE
Wonderware,
Citect Clear Scada
Avantis
By AVEVASpiral
Avantis
Prism
Wonderware,
MES Ampla
Edge Control
Connected Products
Ind
ustr
y
Digital Services (Advisors) Power HVAC Asset Sustainability
Edge Control
Connected Products
Dig
ital
Opera
tions
Fie
ldBu
ildin
g
![Page 8: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/8.jpg)
Page 8Confidential Property of Schneider Electric |
OPEX
Source: Applied Energy
~30%energy efficiency
Source: McKinsey
+30%asset efficiency
Large efficiency opportunity across building lifecycle
from digitization in a fast-growing market
Source: Procedia Engineering
~30%of construction
is rework / waste
< 5% digital penetration in construction,
massive scale up opportunity
CAPEX
Source: Engineering News
~90%construction with
cost overruns
![Page 9: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/9.jpg)
Page 9Confidential Property of Schneider Electric |
Thomas Wolf – CEO
Michael Sauer – CFO
Digital Transformation of the Building
and Infrastructure industries into the most
Advanced industries on the planet, to create
the next generation of Living.
![Page 10: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/10.jpg)
RIB at a glance
Page 10Confidential Property of Schneider Electric |
A technology leader in construction software
Key Facts
Founded in
1961
HQ in
Stuttgart
c. 2,700
employees
50+
locations
>100,000
customers
>500,000
users
€214m
revenue (FY19)
€50m
EBITDA(FY19)
![Page 11: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/11.jpg)
Page 11Confidential Property of Schneider Electric |
Our customers see value in RIB’s construction software
Avg. + 30% Hit rate
Using RIB costing database will
allow us to generate
proposals faster and
increase sales
Large Scale Home Builder
“
”
Avg. 40% productivity
improvement
We are currently using mostly Excel
for project estimating. We could see
massive improvements
using RIB
Co-location
Data Center Provider
“
”
Avg. 60% improved cost
accuracy
The team is very impressed with
RIB BIM 5D cost
estimating and
tracking components
Large General Contractor
“
”
![Page 12: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/12.jpg)
Page 12Confidential Property of Schneider Electric |
Full alignment with Schneider Electric strategy
Strengthen digital offers in key end-markets of
Buildings and Datacenters
Enhance EcoStruxure suite of Apps,
Analytics, Digital Services
and Software
Drive early customer engagement
at C-Level for digital solutions
Grow Schneider Electric’s share
of software and service revenues
Position for the All Digital,
All Electric world
![Page 13: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/13.jpg)
Page 13Confidential Property of Schneider Electric |
What Schneider Electric brings to RIB Software
Provides RIB Software with a
strategic long-term
shareholder to accelerate its
international expansion
Offers deep domain
expertise in building
efficiency and sustainability
Extensive customer relationships
within the construction eco-
system (specifiers, general and
specialized contractors, system
integrators and building owners)
![Page 14: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/14.jpg)
Page 14Confidential Property of Schneider Electric |
A compelling offer for RIB shareholders
• Voluntary tender offer for all of RIB’s shares
• Offer price €29 per share in cash
• 41% premium to current share price and 37% premium to 3 months VWAP
• Minimum acceptance threshold of 50% plus 1 share on a fully diluted basis
• No domination agreement
• Supported by RIB’s Administrative Board
• CEO and CFO have committed to tender half their shares (9%). RIB will also tender about 7% treasury shares
• CEO and CFO to continue in their roles and to remain on Administrative Board
• Offer subject to anti-trust clearances and CFIUS approval
![Page 15: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/15.jpg)
Page 15Confidential Property of Schneider Electric |
Financial impact on Schneider Electric
Strong revenue synergies, with
RIB set for double-digit organic
growth
RIB’s expected EBITDA for 2020 is
€57m to €65m, implying an
EV/EBITDA 2020E multiple for the
Transaction of about 23.5x
Aim to be accretive to Schneider
Electric Adj. EBITA margin in 2021,
with a clear plan to increase RIB’s Adj
EBITA margin to 20% in the year
thereafter
The Transaction will be immediately
neutral or positive to Schneider
Electric EPS excluding one-off
transaction costs
ROCE is expected to
cover WACC by Year 5
![Page 16: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/16.jpg)
Page 16Confidential Property of Schneider Electric |
Next steps
Filing of draft offer
document with BaFin
End of
February
Start of
acceptance period
March
End of
acceptance period
April
Settlement
End of Q2
2020
![Page 17: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/17.jpg)
Page 17Confidential Property of Schneider Electric |
Conclusion
Great transaction for
Schneider Electric
Great transaction for
RIB Software
Both companies share the same vision for the future:
Similar corporate culture and entrepreneurial spirit
Working towards increased efficiency and
sustainability across the full construction life cycle
Targeting low carbon buildings
1
2
3
![Page 18: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/18.jpg)
Confidential Property of Schneider Electric
Questions & Answers
![Page 19: Schneider Electric to Launch Offer for Construction ... · AVEVA NET & ENGAGE Wonderware, Citect Clear Scada Avantis By AVEVA Spiral Avantis Prism Wonderware, MES Ampla Edge Control](https://reader030.vdocument.in/reader030/viewer/2022040202/5e6e0bc2832c5142aa16f214/html5/thumbnails/19.jpg)