Mutares Se & Co. Kgaa · XETR:MUX
Mutares Se & Co. Kgaa — Investor Presentation (June 2025)
17 slides from Mutares Se & Co. Kgaa's investor presentation, June 2025
Slide 1: Global Private Equity Special Situations Investor
Global Private Equity Special Situations Investor Investor Presentation 2025
Slide 2: Purpose: who we are
Purpose: who we are • Global private equity investor • Acquisition of companies and corporate carve outs in turnaround situations with HQ in Focus on four segments: Europe and significant, tangible potential for operational improvement • Focus on companies with high development potential and an esta
Slide 3: Business marked by outstanding growth and momentum, sustainable value creation and turnaround success
Business marked by outstanding growth and momentum, sustainable value creation and turnaround success Global Footprint Four Diversified Helsinki Segments Stockholm London Amsterdam Warsaw Frankfurt Paris Munich Vienna (HQ) Bad Wiessee Milan Target Company Size Turnaround Madrid EUR 100-750 m Hero 3
Slide 4: Highly experienced and committed management
Highly experienced and committed management Management interests fully aligned with external shareholders (36% ownership) Shareholder structure Management Board of Mutares Management SE as of July 1, 2024 underlines management commitment CEO and Management are Mutares’ single largest shareholders, s
Slide 5: Strong financial performance, with direct performance contribution resulting in strong shareholder returns
Strong financial performance, with direct performance contribution resulting in strong shareholder returns Both Mutares Group revenue and Holding net income with Strong financial performance continues to translate into sizeable strong historical growth that is expected to continue and sustained shar
Slide 6: M&A – strong reputation as turnaround investor ensures access to most attractive deals
M&A – strong reputation as turnaround investor ensures access to most attractive deals Reputable exit solution for sellers underperforming assets, explaining sellers willingness to provide a cash dowry Local M&A approach secures pipeline Mutares benefits from a strong reputation as trusted buyer and
Slide 7: ROIC target of 7-10x through successful turnarounds with our unique value creation lifecycle
ROIC target of 7-10x through successful turnarounds with our unique value creation lifecycle Mutares value creation lifecycle (avg. holding period 3-5 years) Acquisition Realignment Optimization Harvesting Calculated risk taken in loss- Cash financing provided by Investment in a successful Transform
Slide 8: 8 turnaround workstreams within Mutares Consulting
Consulting – key to achieving a quick turnaround Internal expertise for critical corporate functions to ensure a successful turnaround Team Description Team with mix of relevant industry backgrounds, consulting expertise, 8 turnaround workstreams within Mutares Consulting Senior management Pool of e
Slide 9: Well diversified portfolio with annualized revenues of EUR ~7.5 bn
Well diversified portfolio with annualized revenues of EUR ~7.5 bn Automotive & Engineering & Goods & Retail & Mobility Technology Services Food Early cyclical, Late cyclical, Non-cyclical, Cyclical, annual rev. EUR ~2.8 bn annual rev. EUR ~1.9 bn annual rev. ~1.7 bn annual rev. EUR ~1.0 bn Drum bra
Slide 10: Portfolio allocation as of March 31, 2025: Well diversified across value creation life cycle
Portfolio allocation as of March 31, 2025: Well diversified across value creation life cycle Revenues (EURm)1) Adj. EBITDA (EURm)1) Q1 2025 Q1 2024 Q1 2025 Q1 2024 Harvesting (#12) 2) 425.7 15.2 8.7 160.3 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Optimization (#7) 1,003.3 18.2 630.4 11.3 Acquisition (#1) Real
Slide 11: Engineering player with short-term revenue growth potential to ~EUR 300 million
Engineering player with short-term revenue growth potential to ~EUR 300 million, with production ramp-up successfully initiated and cost-realignment on track Leading Portuguese player in the Energy sector Revenues (EUR million) Energy Established in 1948, Efacec is a Portuguese integrated engineerin
Slide 12: Our ESG approach will support our sustainable growth
Our ESG approach will support our sustainable growth Our ESG performance is measured via our developed ESG KPIs in accordance with the UN SDGs Signatory since 2021 Environment Social Governance 2023 highlight 2023 highlight 2023 highlight 2023 highlight 57% 34% 23% 0 of Portfolio of Portfolio ISO wo
Slide 13: We delivered what we promise and will continue the growth path towards 2028
We delivered what we promise and will continue the growth path towards 2028 Revenues for Mutares Net Income for Mutares Updated dividend strategy: Global expansion & opening Group (EUR bn) Holding (EUR m) min. 2 EUR/share per year of new Mutares offices 2023 4.7 103 Minimum dividend EUR 2.00 (prev.
Slide 14: Investment summary
Investment summary Access to the private equity market with balanced portfolio to mitigate risk and optimize opportunities Focus on growth towards EUR 10bn Group revenues and EUR 200m Holding net income Successful track record with a plan to acquire >10 companies and divest >10 portfolios in 2025 At
Slide 15: Mutares SE & Co. KGaA
This document has been prepared by Mutares SE & Co. KGaA solely for the use in this presentation. The information contained in this document has not been independently verified. No representation or warranty - whether expressed or implied – is made as to, and no reliance should be placed on, the fai
Slide 16: FY24 key financials
FY24 key financials Group Holding 2024 2023 2024 2023 Revenues EUR 5.3bn 4.7bn Revenues EUR 109.8m 103.6m EBITDA EUR 117.0m 756.9m Portfolio income1) EUR 118.0m 112.1m Adjusted EBITDA EUR -85,4m 3.5m Annual net income EUR 108.3m 102.5m Cash and cash EUR 412.1m2) 520.2m2) Dividend proposal EUR 2.25 e
Slide 17: Mutares share
Mutares share Master Data Shareholder Structure Symbol MUX WKN A2NB65 ISIN DE000A2NB650 Board Members Index membership Prime All Shares, SDAX ~11%1 Transparency level Prime Standard Market segment Regulated Market ~25% Stock exchanges Xetra, Frankfurt, Berlin, Düsseldorf, CEO Robin Laik Munich, Stut
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