Grammer Ag · XETR:GMM
Grammer — Merger or Acquisition (February 2017)
9 slides from Grammer's merger presentation, Feb 14, 2017
Slide 1: Strategic Partnership GRAMMER & Ningbo Jifeng
Strategic Partnership GRAMMER & Ningbo Jifeng February 14, 2017
Slide 2: Executive Summary
STRATEGIC PARTNERSHIP Executive Summary 1 Envisaged strategic partnership between Ningbo Jifeng & GRAMMER Compelling industrial logic & value creation potential for both companies due to complementary 2 geographical focus and product offering Issue of €60 MM mandatory convertible bond converting int
Slide 3: Core elements
STRATEGIC PARTNERSHIP Core elements Ningbo Jifeng’s associated company subscribes to €60 MM mandatory convertible 1 bond, representing c.9.2% of shares outstanding, and enlarges the shareholder base of GRAMMER Intention of Ningbo Jifeng’s associated company to become a long-term shareholder 2 of GRA
Slide 4: Industrial logic
STRATEGIC PARTNERSHIP Industrial logic << Expand GRAMMER’s Presence in China Largest and fastest growing automotive markets globally Access to Ningbo Jifeng's supply and distribution networks Strong product complementary creates substantial potential for cross-selling Increase Ningbo Jifeng’s Penetr
Slide 5: Strong value generation potential
STRATEGIC PARTNERSHIP Strong value generation potential Complementary Strengths Value Creation Opportunities Complementary Strengths Established international Accelerate GRAMMER’s Leading Chinese supplier of brand position as leading growth in China automotive seating components supplier for premium
Slide 6: Attractive Chinese Automotive Market
STRATEGIC PARTNERSHIP Attractive Chinese Automotive Market Market Key Facts China Automotive Interior Market (07A–30E) Largest market world- Volume (MM Units) 186 wide for commercial 175 145 152 158 CAGR CAGR vehicles & cars 125 135 (15A-20E) (15A-30E) 114 89 92 Strong forecast volume 100 108 78 81
Slide 7: Ningbo Jifeng Corporate Overview
NINGBO JIFENG Corporate Overview Company Description Revenue Development • Ningbo Jifeng specializes in automotive headrest assembly, € MM armrest assembly, headrest stems and door stems • Main products consist of passenger car seat headrests, headrest struts, seat armrests and other automotive seat
Slide 8: GRAMMER Group Corporate Overview
GRAMMER GROUP Corporate Overview Company Description Revenue Development • Develops and supplies components and systems for automotive € MM interiors 1.690 – Automotive division provides seating components, such as seat 1.366 1.426 covers, headrests, armrests, centre consoles, side upholstery 1.266
Slide 9: Legal Disclaimer
GRAMMER GROUP Legal Disclaimer This presentation has been prepared by Grammer AG solely for investor meetings in February 2017. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securities issued by