Aumann Ag · XETR:AAG
Aumann — Berenberg and Goldman Sachs German Corporate Conference 2019
27 slides from Aumann's conference presentation, Sep 24, 2019
Slide 1: Aumann AG
Aumann AG A global leader in modular machines for E-mobility Berenberg and Goldman Sachs German Corporate Conference | 24 September 2019 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 Strong growth Fully automated E-mobility > 80 years of winding experience Revenue2) production lines … in million € > 30 years partner of automotive OEMs +29% p.a. 291 c. 1,3501) highly skilled professionals 240 - 260 210 156 6 locations in German
Slide 4: Key investment highlights of Aumann AG
Key investment highlights of Aumann AG 1 Megatrend focused – Long-term growth prospects due to E-mobility revolution 2 Decades of experience – High automotive exposure and trusted client relationships 3 Technological excellence – All relevant winding technologies and deep automation know-how 4 Optim
Slide 5: The E-mobility revolution is underway
The E-mobility revolution is underway Three factors put electric vehicles on the road Expected global car sales share by fuel source 5% Push Pull 7% Technology 24% push 48% 95% 93% 76% Consumer pull 52% Regulatory push 2017 2020 2025 2030 ICE* EV** Source: IHS Markit, August 2017; *ICE = Internal Co
Slide 6: Close partnerships with blue chip customers enable Aumann's E-mobility growth
Close partnerships with blue chip customers enable Aumann’s E-mobility growth Longstanding customer relationships… …leading to an accelerated E-mobility business Indicative cumulative orders per customer > € 500m E-mobility Relationship since 1990 segment customers > € 450m Relationship since 1990 …
Slide 7: Aumann automates the manufacturing of E-mobility production
Aumann automates the manufacturing of E-mobility production Electric motor/traction module Energy storage/conversion Electrification Winding/assembly of Assembly of Winding/assembly of stator and/or rotor modules, packs, fuel cells E-auxiliary systems E-mobility solutions through automation expertis
Slide 8: 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 Europe, China, technologies focus USA Highest Experience with Relationships to degree of large ord
Slide 9: Political and economic uncertainties weigh on automotive industry
Political and economic uncertainties weigh on automotive industry Selected vehicle sales / registrations* Effects on automotive industry in million Overcapacity -14.0% 11.5 -3.1% 9.9 Suspension of investments 8.4 8.2 Project postponements, stops, cancellations Cost savings programs China EU HY1 2018
Slide 10: Key facts of HY1 2019
Key facts of HY1 2019 Aumann is weathering a considerably tense market environment Order intake suffers from current market environment and drops to 86.1 € million Revenues slightly up to 133.5 € million with an increased E-mobility share of 42.4 % Cost sensitivity of customers burdens EBIT evolutio
Slide 11: Automotive OEMs and Tier-1 suppliers hesitate to invest
Automotive OEMs and Tier-1 suppliers hesitate to invest Total order intake Order intake share development in € million in % -35.0% 132.5 52.8 86.1 40% 38.0 44% HY1 2018 HY1 2019 56% 60% 79.6 48.2 HY1 2018 HY1 2019 E-mobility Classic 10
Slide 12: E-mobility revenue share increases and compensates Classic revenues
E-mobility revenue share increases and compensates Classic revenues Total revenues Revenue share development in € million in % +0.1% 133.4 133.5 48.8 56.6 37% 42% HY1 2018 HY1 2019 58% 84.6 76.9 63% HY1 2018 HY1 2019 E-mobility Classic 11
Slide 13: E-mobility revenues grow despite deteriorating market environment
E-mobility revenues grow despite deteriorating market environment E-mobility revenues Classic revenues in € million in € million +16.0% -9.1% 56.6 84.6 76.9 48.8 HY1 2018 HY1 2019 HY1 2018 HY1 2019 12
Slide 14: EBIT margin suffers from current market environment
EBIT margin suffers from current market environment Total EBIT (adj.) Segment EBIT (adj.) in € million and in % of revenues in € million and in % of revenues 11.7% 8.6% 8.9% 8.1% -26.3% 15.6 6.2 5.0 6.7 11.5 5.0 8.7 6.2 HY1 2018 HY1 2019 E-Mobility Classic E-mobility Classic 13
Slide 15: Adjusted company guidance and HY1 2019 run rate
Adjusted company guidance and HY1 2019 run rate Total revenues and guidance Total EBIT and guidance in € million in € million 240 - 260 16 - 22 133.5 11.5 HY1 2019 2019 Guidance HY1 2019 2019 Guidance 14
Slide 16: A strong balance sheet is a solid support in this challenging environment
A strong balance sheet is a solid support in this challenging environment Balance sheet 30 June 2019 in € million 316.9 316.9 Non-current 83.9 assets* 201.7 Equity 64% Current assets** 145.3 46.6 Non-current liabilities 87.7 Cash*** 64.6 68.6 Current liabilities Net Cash Assets Equity & Liabilities
Slide 17: The roadmap
The roadmap Managing economic and automotive specific uncertainties Stabilizing through focus on sales, operational performance and capacity management Continuing research and development in E-mobility technologies Expanding further in Asia and NAFTA with focus on E-mobility Investigating M&A opport
Slide 18: No matter who will prevail the E-mobility revolution they will need production solutions Made by Aumann
No matter who will prevail the E-mobility revolution they will need production solutions Made by Aumann www.aumann.com 17
Slide 19: Financial calendar
Financial calendar Berenberg/Goldman Sachs Conference (Munich, Germany) 24 September 2019 Interim Report Q3 2019 14 November 2019 German Equity Forum (Frankfurt, Germany) 25 November 2019 Berenberg European Conference (Pennyhill, UK) 02 December 2019 18
Slide 20: 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 19
Slide 21: Appendix
Appendix @ aumann 20
Slide 22: 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 23: Aumann offers highly automated production technologies for traction motors
Aumann offers highly automated production technologies for traction motors Thin wire Thick/flat wire Conventional Distributed Conventional Continuous Insertion Needle Winding Hairpin Hairpin Indirect winding Direct winding Assembly Winding / Assembly Lower automation High automation High automation
Slide 24: Aumann offers highly automated production solutions for all E-traction components
Aumann offers highly automated production solutions for all E-traction components Transmission Rotor E-Motor Assy Inverter Stator Starter-Generator Hybrid Module 23
Slide 25: Aumann machines serve the increasing electrification trend
Aumann machines serve the increasing electrification trend Autonomous driving E-on-demand Safety Comfort E-steering system E-water pump E-brake assistant E-seat adjustment E-parking/wheel sensor E-immobilizer E-AB system E-aircondition E-radar sensor E-turbo E-seat belt E-suspension 24
Slide 26: USK as integral part of Aumann right from the start
USK as integral part of Aumann right from the start 2017 2018 2019 Engineering & delivering capacities Capacity balancing between sites Finalization of integration €70 million turnover First orders shifted to USK in 2017 Step-wise integration of processes > 370 employees Partial retargeting of sales
Slide 27: 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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