Slide 1: Full Year Results 2023
Full Year Results 2023 MBB SE 26 March 2024
Slide 2: MBB offers long-term succession solutions to sustainable Mittelstand companies
MBB offers long-term succession solutions to sustainable Mittelstand companies Family business Capital Markets Founded in 1995 and family-owned Extraordinary growth and value enhancement for the long term potential on the capital market Long-term focus Sustainability Long-term investment horizon wit
Slide 3: For 2024, MBB expects €1 billion in revenues with 10% EBITDA margin
For 2024, MBB expects €1 billion in revenues with 10% EBITDA margin Revenue Adj. EBITDA 8.4 % 10 % 1.000 + 49 % 955 100 80 2023 Forecast 2023 Forecast 2024 2024 in €m in €m 3
Slide 4: MBB invested more than €100 million in shares of MBB companies since the beginning of 2023
MBB invested more than €100 million in shares of MBB companies since the beginning of 2023 Investments in shares of MBB companies since 2023 45 thereof €38 million through public buyback offer 2024 million € > 100 million € 37 million € 20 thereof €12 million through Aumann‘s share buyback million €
Slide 5: Revenues of the MBB group increased by 6 % in 2023 with a lower EBITDA margin
Revenues of the MBB group increased by 6 % in 2023 with a lower EBITDA margin Revenue Adj. EBITDA +6 % 10.3 % 8.4 % 955 + 49 % 896 -14 % 93 80 2022 2023 2022 2023 in €m in €m 5
Slide 6: We exceeded our revenue forecast and achieved our revised EBITDA forecast
We exceeded our revenue forecast and achieved our revised EBITDA forecast Revenue Adj. EBITDA +9 % 10,3 % 8-10% 8,4 % 955 896 875 93 80 2022 Forecast 2023 2022 Forecast 2023 2023 II 2023 in €m in €m 6
Slide 7: The development of our segments was very heterogenous in 2023
The development of our segments was very heterogenous in 2023 Revenue and adj. EBITDA in €m Service & Technological Consumer Infrastructure Applications Goods +1 % +20 % 477 481 376 313 -8 % 67 107 98 47 16 28 10 6 2022 2023 2022 2023 2022 2023 7
Slide 8: The fourth quarter of 2023 already showed margin improvements in all segments
The fourth quarter of 2023 already showed margin improvements in all segments EBITDA margins Service & Technological Consumer Infrastructure Applications Goods 23% one-off 12% 9% 8% effects 15% 8% Q4/22 Q4/23 Q4/22 Q4/23 Q4/22 Q4/23 8
Slide 9: Diversification, sustainable growth trends and a strong balance sheet are three of MBB's secrets
Diversification, sustainable growth trends and a strong balance sheet are three of MBB’s secrets Diversification Sustainable trends Strong balance sheet CG Net Cash 475 Energy transition €m E-mobility 955 S&I Equity ratio IT-security TA Ecological solutions 67% Highly resilient performance Superior
Slide 10: Growing demand for energy infrastructure and increasing attention for IT security
Growing demand for energy infrastructure and increasing attention for IT security Energy infrastructure for the energy transition IT security for the German Mittelstand Record order intake of more than €1 billion in 2023 Demand for IT security rises in light of new with A-Nord “electricity highway”
Slide 11: Growing investments in e-mobility and demand for ecological raw materials
Growing investments in e-mobility and demand for ecological raw materials Automation solutions for E-mobility System solutions from ecological raw materials Strong revenue growth in 2023 due to high Revenue and EBITDA growth in 2023 with cooldown demand for manufacturing solutions for batteries of a
Slide 12: Headwinds due to softer demand and cost increases
Headwinds due to softer demand and cost increases Tissue products Mattresses for e-commerce Economic headwind leads to decline in sales Economic headwind leads to decline in sales with with brighter outlook for 2024 brighter outlook for 2024 Price increases impact profitability but Q4 Price increase
Slide 13: MBB's balance sheet remains very strong with an equity ratio of 67 % and a high cash position
MBB's balance sheet remains very strong with an equity ratio of 67 % and a high cash position Balance sheet as at 31 December 2023 in €m 1,149 1,149 Fixed assets** 308 764 Current assets** (67%) Equity 312 530 Cash* 54 Financial liabilities thereof €311m net cash €475m in MBB SE Net Cash 331 Other l
Slide 14: M&A valuations became more reasonable in 2023 and MBB's relative position improved
M&A valuations became more reasonable in 2023 and MBB’s relative position improved Private market valuations are becoming more Improvement of MBB‘s position attractive Enterprise Value-to-EBITDA valuations, indexed to 2014 High interest rates lead to increased borrowing costs and challenges y-o-y in
Slide 15: A large part of the value of MBB is transparent
A large part of the value of MBB is transparent Sum-of-the-parts in €m* 311 293 Market capitalization Holding Fair Cash Value * Market capitalization of listed companies as per 26 March 2024; holding cash and stakes in listed companies as per 31 December 2023 15
Slide 16: Questions & Answers
Questions & Answers Constantin Mang CEO 16
Slide 17: Contact
Contact MBB SE Joachimsthaler Straße 34 D-10719 Berlin Tel: +49 30 84415 330 Fax: +49 30 84415 333 Mail: office@mbb.com Web: www.mbb.com 17
Slide 18: Disclaimer
DISCLAIMER By accessing this document you agree to abide by the limitations set out hereafter. The information contained in this document relating to MBB SE ("MBB" or the "Company") may not be redistributed. reproduced. published. or passed on to any other person and must not be relied upon for any
Slide 19: MBB.COM
MBB.COM