Aumann Ag · XETR:AAG
Aumann — Shareholder Meeting (August 2020)
33 slides from Aumann's shareholder meeting presentation, Aug 21, 2020
Slide 1: Aumann AG Annual General Meeting
Aumann AG Annual General Meeting 21 August 2020 0
Slide 2: COVID-19 pandemic burdens the global economy
COVID-19 pandemic burdens the global economy 1
Slide 3: Our thanks go to our employees!
Our thanks go to our employees! 2
Slide 4: Aumann benefits from the transformation to E-mobility
Aumann benefits from the transformation to E-mobility Focus on E-mobility Growth in E-mobility segment* 190 282 291 190 Classic 37% E-mobility 64% 61% 73% E-Traction E-on-demand 63% 36% 39% 27% 2016A 2017A 2018A 2019A Autonomous Driving Comfort & Safety Production solutions High level of customer tr
Slide 5: Aumann is an important development partner
Aumann is an important development partner Technology know-how Innovation Product know-how … … Engineering - Pioneering - Customizing 4
Slide 6: Aumann benefits from megatrends
Aumann benefits from megatrends Megatrends Specific trends E-mobility Aumann Classic segments Aumann Measuring Winding Assembly Welding Automation Software Service competences & Testing 5
Slide 7: Aumann is focused on E-mobility
Aumann is focused on E-mobility Importance of selected product areas in the automotive industry* Electric motor/traction module Winding and assembly of Electrification stator, rotor and motor Complexity of new products Electric motor Energy storage/conversion Energy storage Assembly of battery modul
Slide 8: Automotive industry in the middle of a transformation
Automotive industry in the middle of a transformation Market share by drivetrain OEM CapEx plans in E-mobility Schematic illustration in US$ billion and in % by country of origin of OEM Status quo Transformation CO2-neutrality France Other South Korea Japan 8% US$ 300 46% Germany billion USA 11% unt
Slide 9: Consumers still hesitant
Consumers still hesitant Decreased Global vehicle production* Confidence in million units Classic drivetrain Stricter Regulation -5.8% -29.1% Demand 97.3 95.6 Declining 89.8 91.7 Image weakness 77.6 COVID-19 65.0 Lower Range Overcapacities E-mobility Unfamiliar Technology 2010 2014 2017 2018 2019 20
Slide 10: Market recovery is a question of time
Market recovery is a question of time Global vehicle production* in million units Short-term drivers Long-term trends Urbanization Mobility Ecology WLTP + + IHS Forecast 2017 Scenario 1 Current vehicle production Scenario 2 * Source: IHS Q2/2017, Statista April 2020 9
Slide 11: Aumann share price linked to the automotive sector
Aumann share price linked to the automotive sector Share price in comparison* 12-months, indexed 140 130 120 110 100 90 80 70 60 50 40 30 20 10 0 08/19 10/19 12/19 02/20 04/20 06/20 08/20 Aumann Share DAX Automobiles & Parts SDAX Source: Bloomberg, as of 20 August 2020 | * for direct comparison SDAX
Slide 12: Fiscal year 2019
Fiscal year 2019 Oo aumann 11
Slide 13: Overview 2019
Overview 2019 Strong progress in the development of new thick/flat wire applications E-mobility segment’s order intake share increases to 62.8% Revenue of €259.6 million with a 9.6% increase in the E-mobility segment €21.2 million EBITDA (8.2% margin) and €16.3 million adjusted EBIT (6.3% margin) Eq
Slide 14: E-mobility segment continued to grow
E-mobility segment continued to grow E-mobility order intake E-mobility revenue in € million in € million 4.9% 9.6% 119.0 115.1 113.5 105.0 2018A 2019A 2018A 2019A 13
Slide 15: Order intake in the Classic segment collapsed
Order intake in the Classic segment collapsed Classic order intake Classic revenue in € million in € million -60.2% -22.3% 177.4 185.8 144.5 70.5 2018A 2019A 2018A 2019A 14
Slide 16: Total order intake significantly below previous year
Total order intake significantly below previous year Order intake Order intake segment split in € million in % -34.9% 290.9 177.4 189.5 70.5 39% 37% 2018A 2019A 61% 63% 113.5 119.0 2018A 2019A Classic E-mobility 15
Slide 17: E-Mobility revenue could not compensate for drop in Classic
E-Mobility revenue could not compensate for drop in Classic Revenue Revenue segment split in € million in % -10.7% 290.8 259.6 185.8 144.5 36% 44% 2018A 2019A 56% 64% 105.0 115.1 2018A 2019A Classic E-mobility 16
Slide 18: Results impacted by tense market environment
Results impacted by tense market environment EBITDA* Adj. EBIT** in € million and in % of revenue in € million and in % of revenue 11.2% 8.2% 10.1% 6.3% 33.0 29.3 17.0 14.9 21.2 16.3 11.9 9.5 15.7 14.2 9.2 6.7 2018A 2019A 2018A 2019A Classic E-mobility * Not shown: effects of reconciliation | ** not
Slide 19: Solid balance sheet
Solid balance sheet Balance sheet 31 December 2019 in € million 327 327 Non-current assets** 84 203 Equity (62%) Current assets** 147 Cash* 95 102 Other liabilities €74 million Net cash 21 Financial liabilities Assets Equity & Liabilities * Liquidity and securities (non-current assets) and financial
Slide 20: Fiscal year 2020
Oo aumann Fiscal year 2020
Slide 21: 2020 will be a challenging year
2020 will be a challenging year Managing ongoing crisis in the automotive industry Effects from the COVID-19 pandemic Adjustment and optimization of the organization Continuing research and development in E-mobility technologies Guidance 2020 confirmed at the lower end of each range 20
Slide 22: Order intake roughly in line with previous year
Order intake roughly in line with previous year Order intake E-mobility order intake in € million in € million +10.1% -3.6% 86.1 41.8 83.1 38.0 48.2 41.2 38.0 41.8 H1 2019 H1 2020 H1 2019 H1 2020 Classic E-mobility 21
Slide 23: Falling revenue due to lower order intake in 2019
Falling revenue due to lower order intake in 2019 Revenue Classic revenue in € million in € million -36.6% -61.4% 133.5 76.9 76.9 84.7 29.7 29.7 56.6 55.0 H1 2019 H1 2020 H1 2019 H1 2020 Classic E-mobility 22
Slide 24: Second quarter marked by COVID-19 effects
Second quarter marked by COVID-19 effects Revenue by quarter Adj. EBITDA* by quarter in € million in € million and in % of revenue 3.2% -6.2% -0.9% 84.7 29.7 48.1 18.3 36.6 11.4 55.0 29.8 25.2 1.5 0.1 0.4 1.8 1.4 Q1 2020 Q2 2020 H1 2020 -2.8 -2.7 -2.3 -0.7 Q1 2020 Q2 2020 H1 2020 * Not shown: effect
Slide 25: Additional extraordinary effects due to one-of expenses
Additional extraordinary effects due to one-of expenses Reconciliation of EBITDA One-of adjustment expenses in € million in € million 1.5 Other capacity adjustments -0.3 -0.7 5.6 €3.3 million 3.3 -3.0 Site closure Hennigsdorf EBITDA EBITDA Adjustment Adj. Q1 2020 Q2 2020 of one-of EBITDA expenses HY
Slide 26: Balance sheet continues to be solid
Balance sheet continues to be solid Balance sheet 30 June 2020 in € million 293 293 Non-current assets** 84 198 Equity (68%) Current assets** 123 Cash* 86 74 Other liabilities €65 million Net cash 21 Financial liabilities Assets Equity & Liabilities * Liquidity and securities (non-current assets) an
Slide 27: Aumann actively addresses the crisis
Aumann actively addresses the crisis Capacity Optimization of production depth Securing profitability Organization Adjustments of corporate structures Systematization of processes Further digitalization Processes 26
Slide 28: Aumann drives technological developments forward
Aumann drives technological developments forward Aumann portfolio for electric traction motors Customer products Automated Trickle Winding Thin wire Concentrated Needle Winding Characteristics • Highly automated stator production Distributed Needle Winding (one & two layer) • Standardized process
Slide 29: Aumann is attractively positioned
Aumann is attractively positioned Technological E-mobility Corporate setup leadership focus and workforce Exclusive Decades of 6 locations in winding automotive focus Europe, China, USA technologies Highest degree of Relationships to Experience with automation major OEMs/Tier-1s large order volumes
Slide 30: Stock option programme 2020
Stock option programme 2020* Entrepreneurial incentive for long-term and sustainable value enhancement Long-term retention of highly qualified and committed top performers Shareholders benefit from the achievement of growth targets and share price performance 300,000 stock option rights for members
Slide 31: No matter who will prevail the E-mobility revolution
No matter who will prevail the E-mobility revolution they will need production solutions Made by Aumann www.aumann.com 30
Slide 32: Contact
Contact Aumann AG Dieselstr. 6 48361 Beelen Germany www.aumann.com Investor Relations Tel.: +49 2586 888 7807 Fax: +49 2586 888 7805 Email: ir@aumann.com 31
Slide 33: Disclaimer
Disclaimer The presentation, including any printed or electronic copy of these slides, the talks given by the presenters, the information communicated during any delivery of the presentation and any question and answer session and any document or material distributed at or in connection with the pre