Aumann AG · XETR:AAG
Aumann — Berenberg Goldman German Corporate Conference 2018
25 slides from Aumann's conference presentation, Sep 25, 2018
Slide 1: Aumann AG
Aumann AG A global leader in modular machines for E-mobility Berenberg Goldmann | German Corporate Conference 25 September 2018 0
Slide 2: Aumann at a glance
Aumann at a glance Right business Right capabilities Strong growth Fully automated E-mobility 80 years of winding experience Revenue2) production lines … in million € 30 years partner of automotive OEMs +30% p.a. > 300 ∼ 1,2701) highly skilled professionals 210 156 6 locations in Germany, China and
Slide 3: Key highlights of Aumann
Key highlights of Aumann 1 Strong growth due to E-mobility revolution in the automotive industry 2 Exclusive winding technologies in combination with deep automation know-how 3 Decades of automotive experience and trusted relationships with OEMs 4 Profitable and asset-light growth with good visibili
Slide 4: An E-mobility revolution is underway
An E-mobility revolution is underway Three factors put electric vehicles on the Electric vehicles* road Global production in million vehicles per year Technology 32 push CAGR +29% 13 Consumer pull Regulatory 2 push 2015 2020e 2025e * Electric vehicles including hybrids; Source: IHS 3
Slide 5: Increasingly strong impulses towards E-mobility
Increasingly strong impulses towards E-mobility Strong momentum from OEMs Typical design and order process for Aumann 25 electrified and 12 all-electric models by 2025 OEM develops product design All car models to be electric or hybrid from 2019 Joint optimisation of product design and automation pr
Slide 6: Aumann automates the manufacturing of E-mobility production lines
Aumann automates the manufacturing of E-mobility production lines Electric motor Energy storage/conversion Electrification Winding of stator and/or rotor Assembly of Winding/assembly of modules, packs, fuel cells E-auxiliary systems E-mobility 5
Slide 7: Aumann – serving the automobile trends of tomorrow
Aumann – serving the automobile trends of tomorrow Autonomous driving E-on-demand Safety Comfort E-steering system E-water pump E-brake assistant E-seat adjustment Parking/ E-immobilizer E-AB system E-aircondition Wheel sensor Radar sensor E-turbo E-seat belt E-suspension 6
Slide 8: Aumann has a unique combination of capabilities, industry experience and corporate setup
Aumann has a unique combination of capabilities, industry experience and corporate setup Technological E-mobility Corporate leadership focus setup and size > 300m Exclusive Decades of > €300 million winding automotive revenue 2018FC technologies focus Highest Relationships to 6 locations in degree o
Slide 9: The acquisition of USK is a real success story
The acquisition of USK is a real success story Why Aumann acquired USK in Q4 2017 Where Aumann and USK stand in Q2 2018 Engineering & delivering capacities Capacity balancing between sites €70 million turnover First orders shifted to USK in 2017 > 370 employees Partial retargeting of sales enginee
Slide 10: Qualified employees are Aumann's key to success
Qualified employees are Aumann's key to success Gaining talents Training successfully Retaining the best Attractiveness of e-mobility First-class vocational training Rewarding performance Internal headhunters Training center Attractive working time models Regional cooperations and Strong relations w
Slide 11: Close partnerships with blue chip customers enable Aumann's E-mobility growth
Close partnerships with blue chip customers enable Aumann’s E-mobility growth Longstanding customer …leading to an accelerated E-mobility business relationships… Indicative cumulative orders last 25 years Automotive E-bike > € 460m E-mobility Relationship since 1990 segment customers > € 400m Relati
Slide 12: Growth is our priority for 2018 and we aim at revenues of more than €300 million
Growth is our priority for 2018 and we aim at revenues of more than €300 million Total revenues in € million > 300 210 CAGR +30% 156 122* 96 93 2014A 2015A/ 2016A 2017 2018 FC *2015 as-if 11
Slide 13: In the first half year 2018, Aumann grew at all levels
In the first half year 2018, Aumann grew at all levels Revenues Order intake in € million in € million +23% 132.5 +36% 133.4 107.4 52.8 98.0 48.8 37.6 26.9 84.6 79.6 71.1 69.8 HY1 2017 HY1 2018 HY1 2017 HY1 2018 E-mobility Classic 12
Slide 14: In the first half year 2018, profitability has further increased
In the first half year 2018, profitability has further increased Adj. EBIT Segment EBIT HY1 2018 in € million in € million +27% 15.6* EBIT- 12.3 Margin 13.7% 10.3% 6.7 4.7 8.7 6.7 8.7 7.6 HY1 2017 HY1 2018 E-Mobility Classic E-mobility Classic * Not shown: €0.2m from adjusted reconciliation 13
Slide 15: We are currently at the upper end of our forecast for 2018
We are currently at the upper end of our forecast for 2018 Adjusted EBIT in € million and in % of revenues 11% 12%* 12% 10% 28 - 31 CAGR +26% 21.0 19.3 12.4* 10.5 11.0 2014A 2015A / as if 2016A 2017A 2018 FC 2015A / *2015 as-if EBIT margin 2015 is not as-if; EBIT until 2016 is adjusted for managemen
Slide 16: A strong balance sheet allows further investments into Aumann's growth
A strong balance sheet allows further investments into Aumann’s growth Balance sheet 30 June 2018 in € million 314.6 314.6 Non-current assets 79.5 187.8 Equity (60%) Current assets** 133.9 101.2 Other liabilities Cash* 101.4 75.7 Net Cash 25.4 Bank liabilities Assets Equity & Liabilities * Liquidity
Slide 17: We have made significant progress on strategic roadmap to market leadership
We have made significant progress on strategic roadmap to market leadership ▸ Grow skilled work force + 78% Ramp-up +13,000 m² ▸ Expand shop floor capacity ▸ IT hardware, licenses and projects Ongoing ▸ Expand facility in China Ongoing Expand ▸ Build up of USA/NAFTA activities Ongoing globally ▸
Slide 18: No matter who will prevail in the E-mobility revolution, they will need Aumann's machines
No matter who will prevail in the E-mobility revolution, they will need Aumann’s machines for electric mobility manufacturing www.aumann-ag.com 17
Slide 19: Financial Calendar
Financial Calendar Quarterly Report Q3/2018 16 November 2018 Deutsches Eigenkapitalforum (Frankfurt, Germany) 26 November 2018 Berenberg European Conference (Pennyhill, UK) 4 December 2018 End of fiscal year 31 December 2018 18
Slide 20: Contact
Contact Aumann AG Dieselstr. 6 48361 Beelen Germany Tel.: +49 2586 888 7800 Fax: +49 2586 888 7805 www.aumann-ag.com info@aumann-ag.com 19
Slide 21: Appendix
Oaumann Appendix
Slide 22: Aumann offers highly automated production technologies for traction motors
Aumann offers highly automated production technologies for traction motors Thin wire Thick/flat wire Conventional Distributed Conventional Continuous Insertion Needle Winding Hairpin Hairpin Indirect winding Direct winding Assembly Winding / Assembly Lower automation High automation High automation
Slide 23: The historical roots of Aumann
The historical roots of Aumann 2006 Acquisition of ATS Berlin 1936 Foundation 2009 First e-drivetrain project ▸ E-mobility focus 2017 2015 ▸ E-mobility references Becomes part of Acquisition ▸ Winding technology MBB group of USK 2012 First cooperation 2013 2017 Set up of presence in IPO ▸ Automation
Slide 24: Key markets and growth dynamics
Key markets and growth dynamics Industry Importance CAPEX for Aumann dynamic E-mobility1) E-mobility revolution Automotive Classic Emission automotive reduction Automation Adressable market Automation Consumer Industry 4.0 electrics Energy efficiency Industrial Automation Industry 4.0 Source: Compan
Slide 25: 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
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