BAUER Aktiengesellschaft · HAM:B5A0

BAUER Aktiengesellschaft — Q1 2009 Earnings Presentation

32 slides from BAUER Aktiengesellschaft's earnings presentation, May 15, 2009

  1. Slide 1: BAUER Aktiengesellschaft Analyst Presentation first quarter 2009

    BAUER Aktiengesellschaft Analyst Presentation first quarter 2009

  2. Slide 2: Key Figures full year 2008

    Key Figures full year 2008 2007 2008 Change in EUR million in EUR million in % Total Group revenues, of which 1,208.1 1,527.2 + 26.4 % - Germany 331.6 379.5 + 14.4 % - International 876.5 1.147.7 + 30.9 % - Construction 531.8 700.9 + 31.8 % - Equipment 643.1 780.1 + 21.3 % - Resources 112.0 135.1 +

  3. Slide 3: Contents

    Contents 1 BAUER Group 2 BAUER Construction / Equipment / Resources 3 German Construction Market 4 Financials first quarter 2009 5 Outlook 6 BAUER share 09-04-21-IR-Presentation_2008 3

  4. Slide 4: BAUER Group

    1 BAUER Group Services, equipment & products dealing with ground and groundwater Construction Equipment  Target ~ 42 % of  Target ~ 42 % of total Group revenues total Group  Global provider revenues for specialist foundation  Market leader engineering in specialist and related construction found

  5. Slide 5: History of Bauer

    1 History of Bauer Two centuries of experience 1790 · 1900 · 1902 · 1928 · 1948 · 1956 · 1958 · 1967 · 1969 · 1972 · 1975 · 1976 · 1984 · 1990 · 1992 · 1994 · 1998 · 2001 · 2008 1790 1900-1970 1980-1990 2000-2008 End of 1970’s: Early 1980’s: 4. Jul 2006: FY 2008: Start of Selling of equipment to IPO

  6. Slide 6: Longstanding healthy business development

    1 Longstanding healthy business development Total Group revenues 1980 - 2008 43% Note: 2000 – 2002 based on HGB figures, from 2003 based on IFRS figures; 09-04-21-IR-Presentation_2008 6

  7. Slide 7: Leading position in highly specialised markets

    1 Leading position in highly specialised markets Worldwide network in main business segments Permanent Offices: Construction BAUER Maschinen KSM, Kurgan, Russia Equipment Resources BAUER Tianjin Technologies, Tianjin, China BAUER Manufacturing Inc. BAUER Group, new plant Edelshausen near GWE Group,

  8. Slide 8: What is specialist foundation?

    2 What is specialist foundation? Building an excavation pit Supporting Wall Ground Water Underpinning Injection Injection Anchor Pile Foundation Sealing Slab 09-04-21-IR-Presentation_2008 8

  9. Slide 9: What is specialist foundation used for?

    2 What is specialist foundation used for? Applications for infrastructure projects Project portfolio: ~ 50 / 50 infrastructure (Government) / large industrial buildings  very little exposure to residential construction 09-04-21-IR-Presentation_2008 9

  10. Slide 10: Construction

    2 Construction Abu Dhabi, UAE - Excavation pit for IPIC head quarter 09-04-21-IR-Presentation_2008 10

  11. Slide 11: Construction

    2 Construction Brisbane, Australia - Remediation of Hinze Dam 09-04-21-IR-Presentation_2008 11

  12. Slide 12: Construction

    2 Construction Munich, Germany - Excavation pit for Pasing Arcaden 09-04-21-IR-Presentation_2008 12

  13. Slide 13: Equipment

    2 Equipment Schrobenhausen, Germany - in-house exhibition 09-04-21-IR-Presentation_2008 13

  14. Slide 14: Equipment

    2 Equipment Product range: BG-systems (BG 12 - BG 40), Trench Cutters 09-04-21-IR-Presentation_2008 14

  15. Slide 15: Equipment

    2 Equipment Product range: Deep Drilling, Tools 09-04-21-IR-Presentation_2008 15

  16. Slide 16: Equipment

    2 Equipment Product range: Other equipment 09-04-21-IR-Presentation_2008 16

  17. Slide 17: Resources

    2 Resources Materials (Water) 09-04-21-IR-Presentation_2008 17

  18. Slide 18: Resources

    2 Resources Exploration & Mining 09-04-21-IR-Presentation_2008 18

  19. Slide 19: Resources

    2 Resources Environment 09-04-21-IR-Presentation_2008 19

  20. Slide 20: Market environment - Germany

    3 Market environment - Germany German construction market Absolute Figures Change in % 2008 West Germany East Germany February 2009 West- East- 2008/ 2008/ Jan-Feb/ 2008/ 2008/ Jan-Feb/ Germany Germany 1994 2007 2009 1994 2007 2009 Employees in 1000 526.3 179.0 -46.7 -0.6 -1.3 -60.0 -2.9 -2.7 Revenu

  21. Slide 21: Market environment - Trends

    3 Market environment - Trends Orders & US-Dollar exposure Order backlog (Orders in hand) US$ Exposure / Currency Risks Q1 2009 Reach in months  Decentralized sales network operating out of in relation to total Europe, Middle East, Far East, America Group revenues with > 100 subsidiaries full year 2

  22. Slide 22: Financial results Q1

    4 Financial results Q1 Revenues Jan-March 2009 in EUR '000 Q1 2008 Q1 2009 change in % FY 2008 Total Group revenues 339,698 375,349 10.5% 1,527,185 Sales revenues, Construction 130,317 118,289 -9.2% 584,339 Sales revenues, Equipment 113,456 126,055 11.1% 601,230 Sales revenues, Resources 17,590 26,2

  23. Slide 23: Financial results Q1

    4 Financial results Q1 Earnings Jan-March 2009 in EUR '000 Q1 2008 Q1 2009 change in % FY 2008 EBITDA 38,254 38,314 0.2% 228,372 (a) Margin 14.6% 14.2% n/a 17.7% EBIT 25,408 23,283 -8.4% 167,465 (a) EBIT margin 9.7% 8.6% n/a 13.0% EBIT Construction segment 3,288 5,235 n/a 46,328 (a) EBIT margin, Con

  24. Slide 24: Financial results Q1

    4 Financial results Q1 P&L Jan-March 2009 in EUR '000 Q1 2008 Q1 2009 change in % FY 2008 Consolidated revenues (P&L) 328,220 362,484 10.4% 1,455,301 Sales revenues (P&L) 261,419 270,558 3.5% 1,290,810 Material costs 182,125 203,517 11.7% 815,615 Personnel costs 56,597 63,693 12.5% 250,765 Depreciat

  25. Slide 25: Financial results Q1

    4 Financial results Q1 Balance sheet March 31, 2009 in EUR '000 March 31, 2008 March 31, 2009 change in % Dec 31, 2008 Assets 899,314 1,191,927 32.5% 1,041,543 Intangible assets 14,122 18,508 31.1% 17,815 Property, plant and equipment 246,771 348,244 41.1% 334,636 Long term financial assets 12,115 1

  26. Slide 26: Financial results Q1

    4 Financial results Q1 Cash flow statement Jan-March 2009 in EUR '000 Q1 2008 Q1 2009 change in % FY 2008 Operating cash flow -9,114 -71,543 685.0% 120,811 Investing cash flow -13,719 -23,584 71.9% -123,477 Financing cash flow 24,465 98,782 303.8% 6,452 Free Cash Flow -22,833 -95,127 n/a -2,666 Net

  27. Slide 27: Regional breakdown

    4 Regional breakdown Total Group revenues full year 2008 09-04-21-IR-Presentation_2008 27

  28. Slide 28: Regional breakdown

    4 Regional breakdown Construction, Equipment, Resources full year 2008 Figures after deducting Other/Eliminations/Consolidations 09-04-21-IR-Presentation_2008 28

  29. Slide 29: Outlook 2009

    5 Outlook 2009  Strengths & Chances  Diverse business model based on three forward-looking business segments with innovative strength  Global presence with flexible, decentralized management organisation and strong market position in emerging markets  Substantial investments in infrastructure pr

  30. Slide 30: BAUER share

    6 BAUER share Share performance (last 6 months)  Listed on Frankfurt stock exchange, Prime Standard since July 4, 2006 BAUER AG  Listed in MDAX since September 22, 2008 MDAX  Shares issued 17,131,000 DAX  Issue price EUR 16.75  Earnings per share 2008 EUR 6.09 (2007 EUR 4.23)  Dividend payout

  31. Slide 31: BAUER Aktiengesellschaft

    BAUER Aktiengesellschaft ISIN DE0005168108 Reuters B5AG.DE Bloomberg B5A GR Listing Indices MDAX C-DAX GEX Classic All Share Prime All Share Investor Relations BAUER Aktiengesellschaft BAUER-Straße 1 D - 86529 Schrobenhausen Tel.: +49 8252 97-1918 Fax: +49 8252 97-2900 E-mail: bettina.mestenhauser@b

  32. Slide 32: Disclaimer

    Disclaimer This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts, including statements about our beliefs, intentions, expectations, predictions and the assumptions underlying them. These statements are based on factors as they

BAUER Aktiengesellschaft — Q1 2009 Earnings Presentation on 6ix