Slide 1: Half-Year Results 2024
Half-Year Results 2024 MBB SE 14 August 2024
Slide 2: MBB offers long-term succession solutions to sustainable Mittelstand companies
MBB offers long-term succession solutions to sustainable Mittelstand companies Family business Founded in 1995 and family-owned for the long term Capital Markets Extraordinary growth and value creation potential due to capital market access Long-term focus Long-term investment horizon without intent
Slide 3: Profitability growth figures from the first half of 2024
Profitability growth figures from the first half of 2024 +80 % +88 % +75 % 24 15 56 14 8 32 H1/23 H1/24 H1/23 H1/24 H1/23 H1/24 Adj. EBITDA Adj. EBITDA Adj. EBITDA in €m in €m in €m 3
Slide 4: All MBB segments increased their EBITDA significantly
All MBB segments increased their EBITDA significantly Adj. EBITDA in €m Service & Technological Consumer Infrastructure Applications Goods +12.1 +5.1 31.9 +4.2 17.7 19.8 4.2 12.6 H1/23 H1/24 H1/23 H1/24 0.0 H1/23 H1/24 4
Slide 5: The second quarter surpassed the already strong first quarter
The second quarter surpassed the already strong first quarter Revenue Adj. EBITDA +27 % 11% 13% 262 + 49 % 205 +46 % 33 23 Q1/24 Q2/24 Q1/24 Q2/24 in €m in €m 5
Slide 6: Energy transition and IT security are the driving force behind the S&I Segment
Energy transition and IT security are the driving force behind the S&I Segment Energy infrastructure for the energy transition IT security for the German Mittelstand Sharp increase in profitability as higher-margin High order momentum thanks to solid public sector backlog projects are contributing t
Slide 7: Growing investment in automation and renewable materials drive TA Segment
Growing investment in automation and renewable materials drive TA Segment Automation solutions for E-mobility System solutions from ecological raw materials Strong increase in profitability to 11% EBITDA margin Lower demand from OEMs, particularly in the caravan and dynamic revenue growth of 22% bus
Slide 8: Profitability increases despite lower revenues in CG Segment
Profitability increases despite lower revenues in CG Segment Tissue products Mattresses for e-commerce EBITDA margin at high level due to lower material Low consumer demand in the furniture market leads to price volatility and expired energy contracts revenue and EBITDA decline in Q2 Moderate revenu
Slide 9: In the first 6 months, revenues grew 9% while EBITDA margin added 4.5 percentage points
In the first 6 months, revenues grew 9% while EBITDA margin added 4.5 percentage points Revenue Adj. EBITDA +9 % 7.5% 12% 467 + 49 % 427 +75 % 56 32 H1/23 H1/24 H1/23 H1/24 in €m in €m 9
Slide 10: In the second quarter, EBITDA margin increased by almost 5 percentage points
In the second quarter, EBITDA margin increased by almost 5 percentage points Revenue Adj. EBITDA +16 % 8% 13% 262 + 49 % 226 +83 % 33 18 Q2/23 Q2/24 Q2/23 Q2/24 in €m in €m 10
Slide 11: For the full year 2024, MBB expects €1 billion in revenues with EBITDA margin larger 10%
For the full year 2024, MBB expects €1 billion in revenues with EBITDA margin larger 10 % Revenue Adj. EBITDA 8.4 % > 10 % 1.000 + 49 % 955 100 80 2023 Forecast 2023 Forecast 2024 2024 in €m in €m 11
Slide 12: MBB invested more than €100 million in shares of MBB companies since the beginning of 2023
MBB invested more than €100 million in shares of MBB companies since the beginning of 2023 2023/24 H1 2024 45 38 million € million € 37 10 million € million € 23 6 million € million € 105 54 million € million € 12
Slide 13: MBB's balance sheet remains very strong – even after substantial buybacks
MBB's balance sheet remains very strong – even after substantial buybacks Balance sheet as of 30 June 2024 in €m 1,094 1,094 Fixed assets** 319 733 (66%) Equity Current assets** 351 Cash* 424 60 Financial liabilities thereof €277m net cash €282m 300 Other liabilities in MBB SE Net Cash Assets Equity
Slide 14: M&A valuations are becoming more attractive and MBB's relative position is stronger than ever
M&A valuations are becoming more attractive and MBB’s relative position is stronger than ever Private market valuations Improvement of MBB‘s position Enterprise Value-to-EBITDA valuations, indexed to 2014 High interest rates make it more difficult for investors that rely on y-o-y financial leverage
Slide 15: Questions & Answers
Questions & Answers Constantin Mang CEO 15
Slide 16: Contact
Contact MBB SE Joachimsthaler Straße 34 D-10719 Berlin Tel: +49 30 84415 330 Fax: +49 30 84415 333 Mail: office@mbb.com Web: www.mbb.com 16
Slide 17: Disclaimer
DISCLAIMER By accessing this document you agree to abide by the limitations set out hereafter. The information contained in this document relating to MBB SE ("MBB" or the "Company") may not be redistributed. reproduced. published. or passed on to any other person and must not be relied upon for any
Slide 18: MBB.COM
MBB.COM