Bajaj Mobility Ag · SIX:BMAG
Bajaj Mobility — PIERER Mobility — Investor Presentation (January 2023)
34 slides from Bajaj Mobility's investor presentation, January 2023
Slide 1: PIERER Mobility AG
PIERER Mobility AG The leading European powered two-wheeler group Company presentation January 2023 Passion and performance in everything we do.
Slide 2: Disclaimer
Disclaimer This document is for information purposes only and shall not be treated as giving any investment advice and/or By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to recommendation whatsoever. This presentation and any informat
Slide 3: Vision
Vision Become a global leader in the powered two-wheeler industry 3 PIERER Mobility AG | Edisonstraße 1, 4600 Wels
Slide 4: Four Pillars of Success
PEOPLE GLOBALIZATION Strategic, continuous growth reinforces “From riders for riders.” All of us are united by our position as a global mobility group. passion, enthusiasm and performance. It’s how we succeed together. FOUR PILLARS OF SUCCESS INNOVATION BRANDS We’re always looking ahead. As a highly
Slide 5: PIERER Mobility DNA
PIERER Mobility DNA 30 years in the fast lane. Continued growth Organic growth Innovation – the future & strong focus leveraged by of PTWs on returns acquisition & strategic partnerships ~16% sales unit CAGR since Investment in infrastructure R&D expenses around 8 – 9% 1992 resulting in ~ € 2,
Slide 6: PIERER Mobility DNA
PIERER Mobility DNA 30 years in the fast lane. Premium People & community Value creation through brands sustainability Strong brands secure Employees: ~ 6,000, thereof Thorough sustainability sustainable profitability and around 1,000 in R&D process based on materiality market presence Stron
Slide 7: The Leading European Powered Two-Wheeler Group
THE LEADING EUROPEAN POWERED TWO-WHEELER GROUP 50% 100% 100% 100% 100% 100% 100% 100% DESIGN, CONCEPT DEVELOPMENT MOTORCYCLES NEW MOBILITY & DIGITALIZATION Simplified presentation as of December 2022 Other shareholdings: ACstyria Mobilitätscluster GmbH 12.3%; Platin 1483. GmbH 100% , Pierer E-Commer
Slide 8: Globalization
Globalization Continued growth & focus on returns 01. PIERER Mobility AG | Edisonstraße 1, 4600 Wels
Slide 9: Another record year in 2022 and positive outlook for 2023
Another record year in 2022 and positive outlook for 2023 • Revenues (preliminary) FY 2022 between EUR 2,420 and 2,435 million (+19%) • Sales motorcycles: 375,612 units (+13%) • Sales e-bicycles and bicycles: 118,427 units (+15%) • Expected EBIT margin between 9 and 10% • Positive outlook for 2023 9
Slide 10: Thirty years of successful track record
Thirty years of successful track record Motorcycles & E-Bicycles revenues €m preliminary CAGR 92-22: 16.9% 2,420 - 2,435 2400 CAGR 09-22: 13.8% 2200 Record growth in 2022 2000 2,042 BY 2022 (preliminary) revenue between 1800 € 2,420 and € 2,435 million (+19 % compared 1600 to PY) 1400 1200 1000
Slide 11: Thirty years of successful track record
Thirty years of successful track record Powered two-wheelers (PTW) unit sales Sales units CAGR incl. Bajaj 92-22: ~15.5% 450,053 450,053 PTWs sold in Business Year 2022 Total Units Sales units CAGR incl. Bajaj 09-22: ~16.2% (preliminary) 400 000 409,797 E-Bicycle 409,797 PTWs sold in Business Ye
Slide 12: Business growth driver: dealers
Business growth driver: dealers More than 4,200 motorcycle dealers & nearly 1,700 bicycle dealers 575 604 4,230 Motorcycle dealers 290 1,455 1,410 more than 1,200 dual or multi 810 brand dealers Europe: ~1,570 dealers 2,175 2,200 2,200 North America: ~800 dealers India/Indonesia: ~1,300 deal
Slide 13: Organic growth leveraged by acquisition & strategic partnerships
Globalization Organic growth leveraged by acquisition & strategic partnerships 02. PIERER Mobility AG | Edisonstraße 1, 4600 Wels
Slide 14: Strong global partners: Bajaj
Strong global partners Strategic partnership with Bajaj The strong strategic partnership with the Indian Bajaj Group, which was established in 2007, produced 1 million units of KTM and Husqvarna motorcycles until January 2023. 1,000,000 Further focus on entry-level, 125 to 390 cc UNITS PRODUCED st
Slide 15: Strong global partners: CFMOTO
Strong global partners Joint venture with CFMOTO Through the deeper cooperation with partner CFMOTO, sole distributor for KTM in China, additional production facilities and supply chains were established. The high-end Chinese motorcycle market Production capacity of grew by ~30% in 2022 vs. 2021 ~
Slide 16: Strong global partners: PIERER New Mobility | MAXCOM
Strong global partners PIERER New Mobility | MAXCOM Both partners hold a 50% interest Investment volume €40 million in logistics and assembly Our goal: expansion of the bicycle and E-Bike production capacity in Europe (Bulgaria) Joint venture with MAXCOM On schedule for commissioning in 2023
Slide 17: Infrastructure Projects
INFRASTRUCTURE PROJECTS KTM NORTH AMERICA HQ CAMPUS CALIFORNIA,USA 8,094 square meters More than 13,935 square meters of technical, office, warehouse and racing departments € 48.4 million investment Opening Q1/2023 17 PIERER Mobility AG | Edisonstraße 1, 4600 Wels
Slide 18: Global production facilities
Global production facilities Austria Mattighofen (HQ) Bicycle production facilities Bulgaria Plovdiv (Maxcom, JV) ~220,000 Units in 2022 Motorcycle production facilities Taiwan India Pune (Bajaj) Taichung City ~150,000 Units in 2022 China Hangzhou (CFMOTO, JV) Colombia Cartagena (CKD) ~19,000 Units
Slide 19: Premium brands
Premium brands 03. PIERER Mobility AG | Edisonstraße 1, 4600 Wels
Slide 20: Sharply positioned motorcycle brands
Sharply positioned motorcycle brands The Racing Brand With Extreme Performance Purity | Performance | Adventure | Extreme The Pioneering Brand With Smart Performance Smart | Progressive | Dynamic | Pure Design The Vibrant Playful Brand With Inviting Performance Daring | Capable | Vibrant | Inviting
Slide 21: Clearly distinct bicycle brands
Clearly distinct bicycle brands The pioneering brand with smart performance Smart | Progressive | Dynamic | Pure Design Performance bikes that ignite the fun of two-wheeled action! Daring | Capable | Vibrant | Inviting The radical brand with an obsession for speed Fast | Competitive | Accomplished |
Slide 22: MV Agusta
MV Agusta Luxury sport motorcycle brand made in Italy since 1945 • Acquisition of a 25.1% stake in MV Agusta Motor S.p.A by way of a capital increase in November 2022 • Setup of MV Agusta Services s.r.l. to manage purchasing and supply chain • Distribution of MV Agusta motorcycles globally 22 PIERER
Slide 23: CFMOTO
CFMOTO Distribution in Europe • New sales organization with the reliable quality of PIERER Mobility • Setup of a dedicated dealer network in major parts of Europe • Using synergies of existing infrastructure within the Group • Addition to existing, well-positioned brands 23 PIERER PIERERMobility Mob
Slide 24: Innovation: The future of PTWs
Innovation The future of PTWs 04. PIERER PIERERMobility MobilityAG AG | | Edisonstraße Edisonstraße 1, 1, 4600 4600 Wels Wels
Slide 25: Right vehicle, right place, right energy carrier
Right vehicle, right place, right energy carrier Openness to different technologies E-Drive E-Fuels Urban environments with rather limited speed and short distances In market segments that are difficult to electrify, it needs other approaches can benefit from electric powertrains to finding solu
Slide 26: Product development centers
Product development centers Investments in electric mobility E-Mobility research & development center (Anif, Austria) E-Mobility competence center Cutting-edge facility on ~20,000 square meters floor space, 150 employees E-drivetrain and E-products KISKA design studios (Anif, Austria & Munich,
Slide 27: People: Development of employees
People Development of employees 05. PIERER PIERERMobility MobilityAG AG | | Edisonstraße Edisonstraße 1, 1, 4600 4600 Wels Wels
Slide 28: Development of employees
Development of employees As of 31.12.2022 Key Facts Approx. 6,000 employees (of which approx. 5,000 in Austria), incl. around 200 apprentices Increase by approx. 800 staff in 2022 (compared to 5,249 in 2021) High-quality approach in apprentice training – investment of € 2.5 million in our trai
Slide 29: Value creation through sustainability
Value creation through sustainability 06. PIERER PIERERMobility MobilityAG AG | | Edisonstraße Edisonstraße 1, 1, 4600 4600 Wels Wels
Slide 30: Our key areas
Our key areas Reliable Sustainable employer mobility Environmentally Fair business conscious practices production ESG report in line with GRI standards and directive 2014/95/EU incl. relevant UN SDGs ESG ratings 30 PIERER PIERERMobility MobilityAG AG | | Edisonstraße Edisonstraße 1, 1, 4600 4600 Wel
Slide 31: Financials & Guidance
FINANCIALS & GUIDANCE 07. PIERER PIERERMobility MobilityAG AG | | Edisonstraße Edisonstraße 1, 1, 4600 4600 Wels Wels
Slide 32: Financial Guidance 2023
FINANCIAL GUIDANCE 2023 POSITIVE OUTLOOK PRELIMINARY KEY KEY OUTLOOK KEY FIGURES FIGURES FIGURES 2023 2022 2021 2020 between Revenues in €m/ 6 – 10 % 2,420 and 2,041.7 1,530.4 Revenue growth in % 2,435 EBIT margin 8 – 10% 9 – 10% 9.5% 7.0% EBITDA margin 16.3% 15.3% 32 PIERER PIERERMobility MobilityA
Slide 33: Q&A
Q&A 33 PIERER Mobility AG | Edisonstraße 1, 4600 Wels
Slide 34: Management Team & Contact Details
MANAGEMENT TEAM & CONTACT DETAILS PIERER Mobility AG CONTACT DETAILS PIERER Mobility AG Stefan Pierer Edisonstrasse 1 CEO 4600 Wels Austria Friedrich Roithner CFO www.pierermobility.com Hubert Trunkenpolz Member of the Executive Board Melinda Busáné Bellér, Investor Relations E-Mail: ir@pierermobili
PIERER Mobility — Investor Presentation (January 2023) on 6ix