Aumann Ag · XETR:AAG
Aumann — Berenberg/Goldman Sachs German Corporate Conference 2020
25 slides from Aumann's conference presentation, Sep 23, 2020
Slide 1: Aumann AG
Aumann AG A global leader in modular machines for E-mobility Berenberg/Goldman Sachs German Corporate Conference | 23 September 2020 0
Slide 2: From vision to product
From vision to product Automated manufacturing equipment for complex applications 1
Slide 3: Aumann at a glance
Aumann at a glance Right business Right capabilities E-mobility growth Fully automated E-mobility > 80 years of winding experience Revenue share evolution production lines … in € million and in % > 30 years partner of automotive OEMs 156 210 291 260 c. 1,1001) highly skilled professionals 64% 56% 73
Slide 4: Aumann combines technology and product know-how though R&D capabilities
Aumann combines technology and product know-how though R&D capabilities Technology know-how Innovation Product know-how … … Engineering - Pioneering - Customizing 3
Slide 5: Aumann benefits from megatrends
Aumann benefits from megatrends Megatrends Specific trends E-mobility Aumann Classic segments Aumann Measuring Winding Assembly Welding Automation Software Service competences & Testing 4
Slide 6: Automotive industry in the middle of a transformation
Automotive industry in the middle of a transformation Market share by drivetrain OEM CapEx plans in E-mobility Schematic illustration in US$ billion and in % by country of origin of OEM Status quo Transformation CO2-neutrality France Other South Korea Japan 8% US$ 300 46% Germany billion USA 11% unt
Slide 7: Market recovery a question of time
Market recovery a question of time Global vehicle production* in million units Short-term drivers Long-term trends Urbanization Mobility Ecology WLTP + + IHS Forecast 2017 Scenario 1 Current vehicle production Scenario 2 * Source: IHS Q2/2017, Statista April 2020 6
Slide 8: Environmental bonuses and tax benefits help to incentivise demand for EVs
Environmental bonuses and tax benefits help to incentivise demand for EVs Comparison of acquisition costs in Germany Selected vehicle premiums and tax benefits in € > 30,000 < 30,000 up to € 9,000 for BEV and FCEV* up to € 6,750 for PHEV* Innovation + VAT reduction until 12/20 bonus + other tax adva
Slide 9: Aumann focused on E-mobility
Aumann focused on E-mobility Importance of selected product areas in the automotive industry* Electric motor/traction module Winding and assembly of Electrification stator, rotor and motor Complexity of new products Electric motor Energy storage/conversion Energy storage Assembly of battery modules,
Slide 10: Aumann has the ideal capabilities, industry experience and corporate setup
Aumann has the ideal capabilities, industry experience and corporate setup Technological E-mobility Corporate setup leadership focus and workforce Exclusive Decades of 6 locations in winding automotive focus Europe, China, USA technologies Highest degree of Relationships to Experience with automatio
Slide 11: 2020 will be a challenging year
2020 will be a challenging year Managing ongoing crisis in the automotive industry Effects from the COVID-19 pandemic Adjustment and optimization of the organization Continuing research and development in E-mobility technologies Guidance 2020 confirmed at the lower end of each range 10
Slide 12: Order intake roughly in line with previous year
Order intake roughly in line with previous year Order intake Order intake E-mobility in € million in € million 10.1% -3.6% 86.1 41.8 83.1 38.0 48.2 41.2 38.0 41.8 HY1 2019 HY1 2020 HY1 2019 HY1 2020 Classic E-mobility 11
Slide 13: Falling revenue due to lower order intake in 2019
Falling revenue due to lower order intake in 2019 Revenue Revenue Classic in € million in € million -36.6% -61.4% 133.5 76.9 76.9 84.7 29.7 29.7 56.6 55.0 HY1 2019 HY1 2020 HY1 2019 HY1 2020 Classic E-mobility 12
Slide 14: Second quarter marked by COVID-19 effects
Second quarter marked by COVID-19 effects Revenue by quarter Adj. EBITDA* by quarter in € million in € million and in % of revenue 3.2% -6.2% -0.9% 84.7 29.7 48.1 18.3 36.6 11.4 55.0 29.8 25.2 1.5 0.1 0.4 1.8 1.4 Q1 2020 Q2 2020 HY1 2020 -2.8 -2.7 -2,3 -0,7 Q1 2020 Q2 2020 HY1 2020 * Not shown are e
Slide 15: Additional extraordinary effects due to one-of expenses
Additional extraordinary effects due to one-of expenses Reconciliation of EBITDA One-of adjustment expenses in € million in € million 1.5 Other capacity adjustments -0.3 -0.7 5.6 € 3.3 million 3.3 -3.0 Site closure Hennigsdorf EBITDA EBITDA Adjustment Adj. Q1 2020 Q2 2020 of one-of EBITDA expenses H
Slide 16: Balance sheet continues to be solid
Balance sheet continues to be solid Balance sheet 30 June 2020 in € million 292.8 292.8 Non-current assets** 83.5 197.8 Equity (67.6%) Current assets** 122.8 Cash* 86.5 74.0 Other liabilities €65.5 million Net cash 21.0 Financial liabilities Assets Equity & Liabilities * Liquidity and securities (no
Slide 17: Aumann actively addresses the crisis
Aumann actively addresses the crisis Capacity Optimization of production depth Securing profitability Organization Adjustments of corporate structures Systematization of processes Further digitalization Processes 16
Slide 18: Aumann drives technological developments forward
Aumann drives technological developments forward Aumann portfolio for electric traction motors Customer products Automated Trickle Winding Thin wire Concentrated Needle Winding Characteristics • Highly automated stator production Distributed Needle Winding (one & two layer) • Standardized process
Slide 19: Key highlights of Aumann
Key highlights of Aumann Technological pioneer … All relevant winding technologies and deep automation know-how Decades of experience … High automotive exposure and trusted client relationships Optimal corporate setup … Asset-light business model and highly skilled engineers Solid financials … Above
Slide 20: No matter who will prevail the E-mobility revolution
No matter who will prevail the E-mobility revolution they will need production solutions Made by Aumann www.aumann.com 19
Slide 21: Financial calendar and conferences 2020
Financial calendar and conferences 2020 Unicredit/Kepler Cheuvreux German Corporate Conference (Frankfurt, Germany) 22 January 2020 Preliminary figures 2019 and outlook 2020 03 March 2020 Annual Report 2019 09 April 2020 Berenberg US Conference (Virtual) 18 May 2020 Interim Report Q1 2020 27 May 202
Slide 22: Contact
Contact Aumann AG Dieselstr. 6 48361 Beelen Germany www.aumann.com Investor Relations Tel.: +49 2586 888 7807 Fax: +49 2586 888 7805 Email: ir@aumann.com 21
Slide 23: Appendix
Appendix Oaumann 22
Slide 24: The historical roots of Aumann
The historical roots of Aumann 2006 Acquisition of ATS Berlin 1936 Foundation 2009 First e-drivetrain project Aumann GmbH ▸ E-mobility focus 2015 ▸ E-mobility references Becomes part of 2016 2017 2017 MBB group Aumann AG IPO Acquisition ▸ Winding technology of USK 2012 First cooperation MBB Fertigun
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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