Bucher Industries (BUCN) Investor Presentation summary

Company overview and strategy

• Achieved CHF 3.6 billion in sales for 2023 with an 11.9% EBIT margin and 14,900 employees worldwide.

• Operates over 50 production sites on five continents, with a strong presence in Europe (62% of sales).

• Structured into five divisions: Kuhn (agricultural machinery), Bucher Municipal, Bucher Hydraulics, Bucher Emhart Glass, and Bucher Specials.

• Focuses on sustainable solutions in food, beverages, and infrastructure, aiming for long-term value creation and innovation.

• Strategic ambitions include technological leadership, profitable growth (RONOA >20%), and ecological footprint reduction.

Financial performance and investments

• 2023 sales remained stable, with a slight EBIT margin increase to 11.9% and profit for the year up 6.3% to CHF 356 million.

• Operating profit by division: Kuhn Group CHF 163m (11.4%), Bucher Municipal CHF 36m (6.3%), Bucher Hydraulics CHF 104m (13.9%), Bucher Emhart Glass CHF 102m (19.5%), Bucher Specials CHF 33m (8.3%).

• Operating free cash flow rose to CHF 123m, with capital expenditure at CHF 142m and equity ratio at 61.4%.

• Continued investment in R&D (CHF 140m in 2023) and strategic CAPEX, including new production lines and facility expansions.

• Acquisitions in 2023–2024 included SSV Environnement, Giletta, BH Wuxi, and Somavil, strengthening core divisions.

Sustainability and innovation

• Targeting a 10% reduction in Scope 1 and 2 CO2 intensity by 2026 (vs. 2021); 2023 CO2 emissions down 9.1% year-on-year.

• Initiatives include electrified mobile machines, spot spraying for crop protection, and automation for efficiency.

• Twelve business units now generate solar power, and new facilities are designed for resource efficiency.

• Material topics: customer relationships, employee development, environmental impact, and compliance.

• Innovation projects: autonomous agricultural robots, digital fleet management, and advanced beer dealcoholisation plants.