Slide 1: Acquisition of Three Businesses from Saurer
Acquisition of Three Businesses from Saurer Media and Investor Presentation, August 16, 2021 Dr. Norbert Klapper, Group CEO Kurt Ledermann, Group CFO
Slide 2: Key Messages
Key Messages ‒ Investment in completion of Rieter’s ring- and compact spinning systems (Schlafhorst automatic winder) … ‒ … and in two attractive components businesses (Accotex and Temco) ‒ Combined turnover of the three businesses: 2020 EUR 142 million, 2019 EUR 235 million and 2018 EUR 260 million
Slide 3: Strategic Rationale – Completion of Ring- and Compact Systems
Strategic Rationale – Completion of Ring- and Compact Systems Ring- and compact spinning process Blowroom Card Draw Frame Comber Draw Frame Roving Frame Ring-/Compact Spinning Automatic Winder Rieter scope pre transaction Automatic Winder ‒ Takes ~50g portions of yarn from ring- and compact spinning
Slide 4: Strategic Rationale – Two Attractive Components Businesses
Strategic Rationale – Two Attractive Components Businesses Accotex – Cots and Aprons Temco – Bearing Solutions and Texturing Components ‒ Components for spinning machines, in particular for ‒ Components for filament ring- and compact spinning machines ‒ Premium brand with strong ‒ Premium brand with
Slide 5: Key Financials
Key Financials EUR Winder Components 2020 Total Winder Components 2019 Total Winder Components 2018 Total Order Intake 94.9 54.2 149.1 164.6 50.3 214.9 180.5 73.8 254.3 Net Sales 92.4 49.6 142.0 170.9 63.9 234.7 192.6 67.1 259.7 EBITDA* -8.0 3.0 -5.1 11.5 9.9 21.4 21.6 12.2 33.8 EBIT * -16.3 0.2 -16
Slide 6: Key Financial Considerations
Key Financial Considerations ‒ Purchase price EUR 300 million (on a cash and debt free basis) ‒ EBITDA-multiple 8.9 x (EBITDA 2018) ‒ Purchase price financed from cash and available credit lines Acquisition of three businesses from Saurer . Media & Investor Presentation . August 16, 2021 Page 6
Slide 7: Implementation
Implementation ‒ Rieter acquires 57% of the shares of Saurer Netherlands Machinery Company B.V., Amsterdam/Netherlands Saurer Netherlands ‒ Saurer Netherlands is the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach-Palenberg/ Germany (SPIN) and Saurer Technologies GmbH & Co. KG, Kre
Slide 8: Changes in the Board of Directors
Changes in the Board of Directors ‒ The Board of Directors of Rieter Holding Ltd. intends to convene an Extraordinary General Meeting at which its members, Luc Tack and Stefaan Haspeslagh, are to be dismissed ‒ Reason: Luc Tack and Stefaan Haspeslagh used confidential information on the acquisition
Slide 9: Disclaimer
Disclaimer Rieter is making great efforts to include accurate and up-to-date information in this document, however we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoever
Slide 10: Appendix
Appendix Acquisition of three businesses from Saurer . Media & Investor Presentation . August 16, 2021 Page 10
Slide 11: Financial Calendar
Financial Calendar Trading Update 2021 October 22, 2021 Publication of sales 2021 January 26, 2022 Deadline for proposals regarding the agenda of the Annual General Meeting February 18, 2022 Results press conference 2022 March 9, 2022 Annual General Meeting 2022 April 7, 2022 Acquisition of three bu