Deutsche Effecten- Und Wechsel-beteiligungsgesellschaft Ag · XETR:EFF0

Deutsche Effecten- Und Wechsel-beteiligungsgesellschaft — Investor Presentation (June 2003)

23 slides from Deutsche Effecten- Und Wechsel-beteiligungsgesellschaft's investor presentation, June 2003

  1. Slide 1: DEWB creates Added Value, June 2003

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  2. Slide 2: The comprehensive approach of DEWB

    qÜÉ=ÅçãéêÉÜÉåëáîÉ=~ééêç~ÅÜ=çÑ=abt_ cáå~åÅá~ä=cáÖìêÉë mçêíÑçäáç=ïáíÜ=éêçëéÉÅíë lìíäççâ O

  3. Slide 3: Philosophy and Value Chain

    mÜáäçëçéÜó=~åÇ=s~äìÉ=`Ü~áå dêçïíÜ=çÑ=íÜÉ= Åçãé~åó ^Åèìáëáíáçå œ `ç~ÅÜáåÖ œ bñáí œ mçëíJfml qáãÉ ^Åèìáëáíáçå `ç~ÅÜáåÖ bñáí mçëíJfml P

  4. Slide 4: Concentration on Growth Sectors

    `çåÅÉåíê~íáçå=çå= dêçïíÜ=pÉÅíçêë łléíáÅë=Ó léíçÉäÉÅíêçåáÅë íÜÉ=Éå~ÄäáåÖ _áçíÉÅÜåçäçÖó íÉÅÜåçäçÖó qÉäÉÅçãëLfq ^Åèìáëáíáçå `ç~ÅÜáåÖ bñáí mçëíJfml Q

  5. Slide 5: Venture Capital close to the Industry

    sÉåíìêÉ=`~éáí~ä= ÅäçëÉ=íç=íÜÉ=fåÇìëíêó ^=ÅçãÄáå~íáçå=çÑ=~ää=íÜÉ=~Çî~åí~ÖÉë=íÜ~í=îÉåíìêÉ=Å~éáí~ä=Åçãé~åáÉë Å~å=çÑÑÉêK `çêéçê~íÉ= fåÇÉéÉåÇÉåí= îÉåíìêÉ= îÉåíìêÉ= Å~éáí~ä Å~éáí~ä Åçãé~åáÉë Åçãé~åáÉë abt_=Ü~ë=íÜÉ=ë~ãÉ=áåíÉêÉëíë=~ë=áíë=éçêíÑçäáç=Åçãé~åáÉëK ^Åèìáëáíáçå `ç~ÅÜáåÖ bñáí mçëíJfml R

  6. Slide 6: DEWB Investment Guide

    abt_ fåîÉëíãÉåí=dìáÇÉ j~íìêáíóL`~éáí~ä=åÉÉÇÉÇ fåîÉëíãÉåí=éÉê=aÉ~ä bñé~åëáçå R=J NM=ãáääK=€ pí~êíJìé NKR=J R=ãáääK=€ pÉÉÇ MKR=J NKR=ãáääK=€ oáëâ ^Åèìáëáíáçå `ç~ÅÜáåÖ bñáí mçëíJfml S

  7. Slide 7: Intensive Coaching

    fåíÉåëáîÉ=`ç~ÅÜáåÖ cáå~åÅÉ iÉÖ~ä=~ÑÑ~áêë ] bëí~ÄäáëÜáåÖ=íÜÉ=Ñáå~åÅá~ä=ÇÉé~êíãÉåí ] `ÜÉÅâáåÖ=çÑ=é~íÉåíë=~åÇ=äáÅÉåÅÉë mêçÅìêÉãÉåí=çÑ=ÑìåÇë ] `ç~ÅÜáåÖ=áå=í~ñ=~åÇ=ä~ï=áëëìÉë lêÖ~åáë~íáçå=L=pí~ÑÑ j~êâÉíáåÖ=L=p~äÉë=L=mo ] ^ÇîáÅÉ=áå=Üìã~å=êÉëçìêÅÉ=áëëìÉë ] pìééçêí=áå=Éëí~ÄäáëÜáåÖ=íÜÉ=ë~äÉë=çêÖ~åáë~íáçå ] o

  8. Slide 8: Efficient and Experienced Exit Management

    bÑÑáÅáÉåí=~åÇ=bñéÉêáÉåÅÉÇ= bñáí=j~å~ÖÉãÉåí= qê~ÇÉ=p~äÉë ] _êç~Ç=áåÇìëíêá~ä=åÉíïçêâ=çÑ=abt_=~åÇ=gÉåçéíáâ ] sÉêó=ÉñéÉêáÉåÅÉÇ=ã~å~ÖÉãÉåí=çÑ=abt_=EãçêÉ=íÜ~å=OMM=ÇÉ~äë= ÇìêáåÖ=êÉëíêìÅíìêáåÖ=~åÇ=ÇÉîÉäçéãÉåí=çÑ=gÉåçéíáâ áå=íÜÉ=é~ëíF ] `çåíáåìçìë=ë~äÉë=~åÇ=b_fq=ÅçåíêáÄìíáçå=áå=íÜÉ=é~ëí=ïáíÜ= áåÅêÉ~ëáåÖ=éêçé

  9. Slide 9: Partner after the Flotation: Holdings DEWB

    m~êíåÉê=~ÑíÉê=íÜÉ=cäçí~íáçå pÜ~êáåÖ=áåíÉêÉëíë=Ó ~ÅíáåÖ=íçÖÉíÜÉê eçäÇáåÖë abt_ ] c~áê=ëíçÅâ=ã~êâÉí=î~äì~íáçå ] c~áê=ëíçÅâ=ã~êâÉí=î~äì~íáçå=çÑ= s`=ÜçäÇáåÖë ] b~ëó=~ÅÅÉëë=íç=ëçìêÅÉ=çÑ=Ñáå~åÅÉ ] píêçåÖ=êÉéìí~íáçå=~ë=s`=Åçãé~åó ] léíáãáë~íáçå=çÑ=ëÜ~êÉÜçäÇÉê=ëíêìÅíìêÉ ïáíÜ=~=ÜáÖÜ=èì~äáíó=éçêíÑçäáç=~åÇ= Åç

  10. Slide 10: Liquidity potentials in listed holdings

    iáèìáÇáíó=éçíÉåíá~äë=áå= äáëíÉÇ=ÜçäÇáåÖë kìãÄÉê=çÑ= pÜ~êÉ=éêáÅÉ= s~äìÉ=çå= pÜ~êÉ=çå= ëÜ~êÉë=áå= çå=PMKMRKMP= PMKMRKMP= eçäÇáåÖ PNKMPKMP íÜçìë~åÇ Eáå=€F Eáå=ãáääK=€F QãÄç=^d OPKT=B NIQOM PKTM RKP ^å~äóíáâ=gÉå~=^d UKM=B PMT PKPR NKM Å~~íççëÉÉ=^d NKU=B PNN MKSV MKO jΩääÉê=Ó aáÉ=äáä~=içÖáëíáâ=^d TKV=B S

  11. Slide 11: Further Potentials in quoted optic-holdings

    cìêíÜÉê=mçíÉåíá~äë=áå= èìçíÉÇ=çéíáÅJÜçäÇáåÖë kìãÄÉê=çÑ= pÜ~êÉ=éêáÅÉ= s~äìÉ=çå= ëÜ~êÉë=áå= çå=PMKMRKMP= PMKMRKMP= eçäÇáåÖ íÜçìë~åÇ Eáå=€F Eáå=ãáääK=€F ^ÖáäÉåí=qÉÅÜåçäçÖáÉë PM NUINP MIR ^áñíêçå RM PIMQ MIO ^ééäáÉÇ j~íÉêá~äë QN NRIRS MIS ^pj iáíÜçÖê~éÜó RM NMIMR MIR `êÉÉ PR OQIRM MIV `óãÉê OM PPIPN MIT

  12. Slide 12: Technology & Capital Market Know-how

    qÉÅÜåçäçÖó=C= `~éáí~ä=j~êâÉíJhåçïJÜçï `çãéêÉÜÉåëáîÉ= `~éáí~ä Å~éáí~ä=ã~êâÉí= âåçïJÜçï `çãéêÉÜÉåëáîÉ= Åç~ÅÜáåÖ=ëÉêîáÅÉë= íÜêçìÖÜçìí=íÜÉ=ÉåíáêÉ= íáãÉ=çÑ=íÜÉ= áåîÉëíãÉåí qÉÅÜåçäçÖáÅ~ä=========== fåíÉêå~íáçå~ä======= âåçïJÜçï========================= áåÑê~ëíêìÅíìêÉ=========================== çÑ=íÜÉ=gÉåç

  13. Slide 13: The comprehensive approach of DEWB: Financial figures

    qÜÉ=ÅçãéêÉÜÉåëáîÉ=~ééêç~ÅÜ=çÑ=abt_ cáå~åÅá~ä=ÑáÖìêÉë mçêíÑçäáç=ïáíÜ=éêçëéÉÅíë lìíäççâ NP

  14. Slide 14: Facts & Figures

    c~Åíë=C=cáÖìêÉë Eî~äì~íáçå=áå=~ÅÅçêÇK=ïáíÜ=ed_F OMMO OMMN OMMM NVVV NVVU b_fq €=JNVKP=ãáääK €=ORKN=ãáääK €=RNKQ=ãáääK €=OTKR=ãáääK €=SVKQ=ãáääK fåîÉëíÉÇ=Å~éáí~ä €==VMKQ=ãáääK €=NMUKV=ãáääK €=URKV=ãáääK €=UMKN=ãáääK €=OUKN=ãáääK kÉï=áåîÉëíãÉåíë €==OQKP=ãáääK €=RMKU=ãáääK €=VUKT=ãáääK €=RRKO=ãáääK €=N

  15. Slide 15: DEWB's IRR is well above European average

    abt_Ûë foo=áë=ïÉää=~ÄçîÉ= bìêçéÉ~å=~îÉê~ÖÉ= ] pÉîÉê~ä=óÉ~êë}=áåîÉëíãÉåí= Internal Rate of Return Üçêáòçå=áå=íÜÉ=áåîÉëíãÉåí= 1998-2002 ÄìëáåÉëë (in percent p.a.) 30 ] abt_}ë=fåíÉêå~ä=o~íÉ=çÑ=oÉíìêå= EfooF=çÑ=OT=éÉêÅÉåí=áë=ïÉää=~ÄçîÉ= íÜÉ=RJóÉ~ê=~îÉê~ÖÉ=foo=çÑ= 27 bìêçéÉ~å=mêáî~íÉ=bèìáíó= 20 `çãé~åáÉë

  16. Slide 16: DEWB with conservative investment valuation approach

    abt_=ïáíÜ=ÅçåëÉêî~íáîÉ= áåîÉëíãÉåí=î~äì~íáçå=~ééêç~ÅÜ ^ÅÅçìåíáåÖ=jÉíÜçÇë mêáåÅáéäÉ=çÑ=íÜÉ=äçïÉê=çÑ=Åçëí=çê=î~äìÉ= j~êâ=íç=j~êâÉí E~ÅÅçêÇáåÖ=íç=dÉêã~å=d^^mF ] jÉíÜçÇ=Ñçê=~ëëÉí=î~äì~íáçå=ïÜáÅÜ=áë= ] jÉíÜçÇ=ìëÉÇ=Äó=abt_=ïÜáÅÜ=áë=~äëç= ÑêÉèìÉåíäó=ìëÉÇ=Äó=s`=Åçãé~åáÉëK ~ééäáÉÇ=íç=èìçíÉÇ=áåîÉëíãÉåíëK ] aÉ

  17. Slide 17: The comprehensive approach of DEWB: Financial figures

    qÜÉ=ÅçãéêÉÜÉåëáîÉ=~ééêç~ÅÜ=çÑ=abt_ cáå~åÅá~ä=ÑáÖìêÉë mçêíÑçäáç=ïáíÜ=éêçëéÉÅíë lìíäççâ NT

  18. Slide 18: Balanced Portfolio

    _~ä~åÅÉÇ=mçêíÑçäáç= fåîÉëíÉÇ=Å~éáí~ä=~ë=çÑ=j~êÅÜ=PNI OMMP=EáåÅäK=çéíáÅF Äó=ëÉÅíçê Äó=éÜ~ëÉ V=B NR=B OO=B ON=B PU=B PO=B SP=B léíçÉäÉÅíêçåáÅë _áçíÉÅÜåçäçÖó pÉÉÇLpí~êíJìé bñé~åëáçå pÉÅìêáíáÉë qÉäÉÅçãëLfq líÜÉê NU

  19. Slide 19: DEWB Portfolio (without optics)

    abt_JmçêíÑçäáç=EïáíÜçìí=çéíáÅF ~ë=çÑ=j~êÅÜ=PNI=OMMP léíçÉäÉÅíêçåáÅë EPU=BF _áçíÉÅÜåçäçÖó=EPO=BF qÉäÉÅçãëL=fq EONBF líÜÉê=EV=BF= iáëíÉÇ=Åçãéç~åáÉë QãÄç=fåíÉêå~íáçå~ä OPKTB ms^ qÉmä~ ^d NOIV=B ^å~äóíáâ=gÉå~=^d UIM=B Å~~íççëÉÉ=^d NKUB ENRBF bäÉÅíêçåáÅ=^d MIR=B jΩääÉê=Ó aáÉ=äáä~ TKVB lêÄçíÉÅÜ=iíÇK içÖáë

  20. Slide 20: The comprehensive approach of DEWB: Outlook

    qÜÉ=ÅçãéêÉÜÉåëáîÉ=~ééêç~ÅÜ=çÑ=abt_ cáå~åÅá~ä=ÑáÖìêÉë= mçêíÑçäáç=ïáíÜ=éêçëéÉÅíë lìíäççâ OM

  21. Slide 21: Company valuations on ten-year low

    `çãé~åó î~äì~íáçåë= çå=íÉåJóÉ~ê=äçï D A X 3 0 D S -C A LC U LA TE D 2 1 /5 /0 3 35 30 25 20 15 10 mêáÅÉJb~êåáåÖëJo~íáç=EÜÉêÉW=a^uF=çå=íÉåJóÉ~ê äçï 5 1994 1995 1996 1997 1998 1999 2000 2001 2002 D AX 3 0 D S- C AL C U L ATED - PER H O C H 3 0 .1 1 8 /1 /0 0 , TIEF 9 .0 1 1 /3 /0 3 , SC H L U SS 1 1 .

  22. Slide 22: Buy at market low and sell at market high

    _ìó=~í=ã~êâÉí=äçï ~åÇ ëÉää=~í=ã~êâÉí ÜáÖÜ ] få=íÜÉ=ä~ëí=óÉ~êë=abt_=Ü~ë=ëìÅÅÉëëÑìääó=êÉ~äáòÉÇ=Éñáíë=Ñêçã= áåîÉëíãÉåíë=íÜ~í=Ü~Ç=ÄÉÉå=~ÅèìáêÉÇ=~í=Ñ~îçìê~ÄäÉ=éêáÅÉëK ] abt_=ï~åíë=íç=ìëÉ=áåíÉêÉëíáåÖ=ÄìóáåÖ=çéíáçåë=~í=íÜÉ=ÅìêêÉåí= ã~êâÉí=äçï=íç=ëíêÉåÖíÜÉå=áíë=Ä~ëáë=Ñçê=ÑìíìêÉ=éêçÑáíëK ] qÜÉ=ëçäáÇ=Ñáå~åÅá~

  23. Slide 23: DEWB will continue to grow

    abt_=ïáää=ÅçåíáåìÉ=íç=Öêçï kÉ kÉ ï ï mìêÅÜ~ëÉ=çÑ=é~êíë= `çãéäÉíÉ= mìêÅÜ~ëÉ=çÑ= çÑ=ÅçãéÉíáíçê í~âÉ=çîÉê= áåÇáîáÇì~ä=ÜçäÇáåÖë éçêíÑçäáçë çÑ=ÅçãéÉíáíçêë mêçîáÇÉÇ=íÜ~í=KKK íÜÉ=Åçãé~åáÉë=Ñáí=áåíç=abt_Úë=éçêíÑçäáç=~åÇ= œ î~äì~íáçåë=çÑÑÉê=áåíÉêÉëíáåÖ=éêçÑáí=éçíÉåíá~äë==Ñçê=abt_= OP

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