Ringmetall Se · XETR:HP3A
Ringmetall — Investor Presentation (February 2017)
21 slides from Ringmetall's investor presentation, February 2017
Slide 1: Secure Packaging & Handling Solutions. Worldwide.
Secure Packaging & Handling Solutions. Worldwide. Company Presentation February 2017
Slide 2: Company Snapshot
EXECUTIVE SUMMARY Company Snapshot Worldwide leading specialist for packaging and handling solutions World market leader for drum closure systems Strong footprint in specialty goods industries worldwide (e.g. Chemicals, Petrochemicals, Pharmaceuticals, Food Industry) Strong international bra
Slide 3: Group Structure
COMPANY OVERVIEW Group Structure HOLDING DIVISIONS INDUSTRIAL PACKAGING INDUSTRIAL HANDLING BRANDS CLIENTS PHARMACEUTICAL, CHEMICAL, PETROCHEMICAL AS WELL AS FOOD PROCESSING INDUSTRIES November 2016 Company Presentation 3
Slide 4: Divisions: Industrial Packaging
COMPANY OVERVIEW Divisions: Industrial Packaging DIVISION INDUSTRIAL PACKAGING PRODUCTS Drum closure systems, lids and gaskets Locking rings, handles and accessories key clients in the pharmaceutical, chemical petrochemical and food processing industries CLIENTS 2 biggest clients account for
Slide 5: Divisions: Industrial Handling
COMPANY OVERVIEW Divisions: Industrial Handling DIVISION INDUSTRIAL HANDLING PRODUCTS restraint systems & accessories for forklifts break and clutch pedals special trailer hitches for trucks and tractors for agriculture & forestry Add-on business to existing client structure CLIENTS stable
Slide 6: International Key Clients
COMPANY OVERVIEW International Key Clients INDUSTRIAL PACKAGING INDUSTRIAL HANDLING > 80 % worldwide market share plus further Small-Cap clients (automotive/industrial supplies industry) November 2016 Company Presentation 6
Slide 7: Global Ringmetall Network
COMPANY OVERVIEW Global Ringmetall Network Worldwide market share dominance is supported by a worldwide network of production sites and sales teams Eight production sites in Europe, two sites in Asia, three sites in the US Short transport routes to clients are key to operational success Novemb
Slide 8: Global Packaging Market Drivers
MARKET OVERVIEW Global Packaging Market Drivers steady industry growth of Corrugated 4.0 – 4.2 % CAGR Packaging technology and innovation Paperboard Folding as main industry drivers Cartons USD 975 bn heavily fragmented industry by 2018 with many small and midsize Heavy Duty Flexible players w
Slide 9: Global Packaging Market by regions
MARKET OVERVIEW Global Packaging Market by regions Americas 28% APAC 38% Americas 26% APAC 42% 2012: 2018: USD 772 bn USD 975 bn MEA 5% MEA 6% Europe 28% Europe 27% Source: netscribes November 2016 Company Presentation 9
Slide 10: 3 year comparison and market estimates
FINANCIALS 3 year comparison and market estimates EUR million 2013 2014 2015 2016e 2017e 2018e Revenues 46,5 65,8 66,7 95,0 98,8 103,2 Cost of material 24,9 34,3 35,5 52,3 54,3 56,8 Cost of Personnel 10,7 15,6 15,4 18,7 19,3 20,0 Other op. income / expenses 8,2 9,2 10,3 11,3 11,5 12,0 EBITDA 3,0 7,0
Slide 11: 2016 will be another successful year
OUTLOOK 2016 will be another successful year Revenues 2016 (e) 90,0 – 95,0 mEUR EBITDA 2016 (e) 11,0 – 12,0 mEUR 2016 will be the first year, in which the new financial strength of Ringmetall Group will be fully visible After the acquisition of Self Industries in Q4 2015, first synergies arise i
Slide 12: Peer Group Valuation as of 11/2016
COMPANY VALUATION Peer Group Valuation as of 11/2016 8.000 10,5 Market Capitalization (mEUR) 7.000 6.000 5.000 4.000 10,2 3.000 8,1 2.000 10,4 8,4 1.000 5,8 7,8 12,1 0 4,0 5,0 6,0 7,0 8,0 9,0 10,0 11,0 12,0 13,0 EV/ EBITDA Linear (EV/ EBITDA) EV / EBIDTA 2016e November 2016 Company Presentation 12
Slide 13: Appendix
) RINGMETALL ( APPENDIX
Slide 14: Profit & Loss Statement
FINANCIALS 2015 Profit & Loss Statement in mEUR 2015 2014 ∆ [abs.] ∆ [%] Revenues 66,678 65,828 850 1.3% Increase / decrease of inventory -73 69 -142 -205.8% Other own work capitalized 98 232 -134 -57.8% Other operating income 838 871 -33 -3.8% Other operating expenses -11,129 -9,899 -1,230 12.4% Co
Slide 15: Balance Sheets - Assets
FINANCIALS 2015 Balance Sheets - Assets in TEUR 31.12.15 31.12.14 ∆ [abs.] ∆ [abs.] Current Assets 26,006 18,718 7,288 38.9% thereof Cash & cash equivalents 2.950 2,514 436 17.3% thereof Trade receiveables 12,781 8,623 4,158 48.2% thereof Inventory 9,106 6,439 2,667 41.4% Non-current Assets 36,970 2
Slide 16: Balance Sheets - Liabilities
FINANCIALS 2015 Balance Sheets - Liabilities in mEUR 31.12.15 31.12.14 ∆ [abs.] ∆ [abs.] Equity 19,717 18,377 1,340 7.3% thereof Subscribed capital 22,880 20,800 2,080 10,0% thereof Capital reserve 2,958 1,856 1,102 59.4% thereof Loss carryforward -6,864 -7,780 916 -11.8% thereof Net result -643 1,5
Slide 17: Cashflow Statement
FINANCIALS 2015 Cashflow Statement in mEUR 2015 2014 ∆ [abs.] ∆ [abs.] Cash & cash equivalents as of 1 Jan 154 1.334 -1.180 -88.5% Cash flow from operations 5.283 3.827 1.456 38.0% Cash flow from investments -18.788 -1.711 -17.077 998.1% Cash flow from financing 15.668 -3.352 19.020 567.4% Cash & ca
Slide 18: Enterprise Value Development
COMPANY VALUATION Enterprise Value Development Enterprise Value Ringmetall AG (in mEUR) Pos 2015 2016e 1 Market Cap as of 15 June 2016 41.22 41.22 2 Cash & Cash Equivalents 2.95 3.00 3 Liabilities from banks 27.11 23.00 Enterprise Value 65.38 61.22 EBITDA 5.48 11.50 EV/EBITDA 11.93 5.32 November 201
Slide 19: Key Milestones in Company History
COMPANY OVERVIEW Key Milestones in Company History 1997 Company Foundation as HPI Holding AG 1998 Acquisition of August Berger and Zimmer & Kreim 2007 IPO of HPI Holding AG 2012 Market Entry China Acquisition of production site (Italy) Acquisition of production site (Turkey) 2013 Acquisition in Pack
Slide 20: Management & Supervisory Board
COMPANY OVERVIEW Management & Supervisory Board Christoph Petri Thilo von Selchow Spokesperson of Chairman Executive Board Supervisory Board joined in 2011 joined in 2015 Jörg Rafael Markus Wenner Member of Deputy Chairman Executive Board Supervisory Board joined in 2003 joined in 2013 Konstantin Wi
Slide 21: Contact
CONTACT Ingo Middelmenne Investor Relations Ringmetall AG Mannhardtstr. 6 80538 München Fon +49 89 4522098 12 Fax +49 89 4522098 22 Email info@ringmetall.de Web www.ringmetall.de DISCLAIMER This presentation contains forward-looking statements based on estimates of the management of Ringmetall AG. S