Blue Cap Ag · XETR:B7E
Blue Cap — 10th Hamburg Investor Days 2023
22 slides from Blue Cap's conference presentation, Aug 23, 2023
Slide 1: Investor Presentation – 10th Hamburg Investor Days
Investor Presentation 10th Hamburg Investor Days 23 August 2023 Blue Cap AG
Slide 2: Blue Cap at a glance: Listed Private Equity company focused on German SMEs
Blue Cap at a glance: Listed Private Equity company with investment focus on German SMEs Buy 8 €348m Transform Portfolio companies, 2022 group revenue Sell primarily controlled investments (+30% yoy) 5 Founded in 8.6% acquisitions and 3 divestments in 2006 last 2 years 2022 adjusted EBITDA margin an
Slide 3: Investment Highlights
Investment Highlights Unique opportunity to invest in German SME companies 01_ Proven and unique business model 02_ Diversified portfolio of SMEs 03_ Track record for value growth 04_ Attractive dividend yield 05_ Substantial earnings growth 06_ Strong value creation potential Blue Cap AG _ Investor
Slide 4: Proven and unique business model – Private Equity model as listed entity
01_ Proven and unique business model – Private Equity business model as publicly listed entity BUY TRANSFORM SELL ▪ Investment situations, among Active portfolio management - focus on ▪ Active sales process: others: best-owner approach People & Culture Succession Balance sheet ▪ Passive sales proces
Slide 5: Blue Cap Transformation Radar for value creation
01_ Blue Cap Transformation Radar for value creation ▪ We newly established structured processes of value creation initiatives for our portfolio companies ▪ Core of our transformation competence and value enhancement expertise: ▪ People & Culture ▪ Balance Sheet ▪ Margin ▪ Growth ▪ Additional value
Slide 6: Differentiation to other listed investment companies
01_ Differentiation to other listed investment companies “Best Owner” approach Buy, Buy,Turnaround, Sell Turnaround, Sell ▪ We keep our portfolio companies as long as we are the “Best Owner”, and value creation is still possible with Blue Cap as main shareholder ▪ When our full potential is realized
Slide 7: Diversified portfolio allows participation in different sectors and economic cycles
02_ Diversified portfolio allows shareholders to participate in different sectors and economic cycles Portfolio of Net Asset Value share by segment (*) ▪ 8 companies with headquarters in Germany ▪ More than 1,000 employees 7% 1% ▪ Four major segments represent the value of the group 17% 37% 36% Plas
Slide 8: Plastics segment – Growth and value driver
02_ Plastics segment – Growth and value driver Plastics ▪ Manufactures lightweight plastic boards from recycled plastic primarily for the logistic and automotive industry ▪ Value drivers: ▪ Growth: expansion US business Invest: 2019 / 100% ▪ Technology: process automatization Revenue*: € 67.3 mn ▪ E
Slide 9: Adhesives & Coatings segment – most exposed to economic downturn
02_ Adhesives & Coatings segment – most exposed to economic downturn Adhesives & Coatings ▪ Niche supplier of adhesive products for different industries ▪ Value drivers: ▪ Growth: strengthen export and international business ▪ Technology: focus on innovations and cooperations Invest: 2009 / 100% ▪ P
Slide 10: Business Services segment - outperformer
02_ Business Services segment - outperformer Business Services ▪ Electronic product and systems distributor with a special focus on value-add through technical consulting and development expertise ▪ Value drivers: ▪ Growth + Margin: profitable growth in the areas of system solutions and design-in pr
Slide 11: Others and non-consolidated activity
02_ Others and non-consolidated activity Others ▪ Manufactures inline measurement systems using optical lasers ▪ Value drivers: ▪ Growth: expansion based on product competence and scalability through customer growth Invest: 2014 / 90% ▪ Business Model: scaling niche competence through products Reven
Slide 12: Track record for value growth – high return on invested equity capital
03_ Track record for value growth – high return on invested equity capital targeted 2018 – 2023 2011 – 2022 2016 – 2021 Plastics Metal Technology Buyer: Management buy-out to Production Technology Buyer: Bauer-Walser AG CEO and COO/CIO (Germany) Buyer: Merten Group (Austria) Actual market value Actu
Slide 13: Attractive dividend yield: increase to EUR 0.90 per share
04_ Attractive dividend yield: dividend increase to EUR 0.90 per share, choice between cash and scrip dividend Dividend per share and dividend yield Stable and sustainable dividend EUR and % ▪ Another slight increase in the base dividend 4.0% 4.0% 3.7% 3.3% 4.0% Attractive dividend yield 1.00 ▪ Cont
Slide 14: Substantial earnings growth: 2022 figures confirm transformation effects
05_ Substantial earnings growth: 2022 financial figures confirm positive effects from transformation Growth Rates We have built a stronger group during the last 3 years 2019-2022 ▪ Since end of 2019 strong growth in all key metrics Revenue despite Covid-19 impacts and economic turbulences +54% ▪ Ris
Slide 15: Transition year 2023 – rebound potential through operational transformation
05_ Transition year 2023 – rebound potential to be exploited by operational transformation Revenue Guidance 2023 continued operations EUR m 76.8 77.0 75.8 69.0 68.3 69.6 Full year guidance continued operations (July 2023) Revenue in EUR m 275 – 295 Adjusted EBITDA margin 8–9% Net leverage ≤ 3,5x Q1
Slide 16: Strong mid-term value creation potential
06_ Strong mid-term value creation potential Essential value drivers Net Asset Value target of EUR 55 per share 1 55.0 Growth: Growth initiatives and medium- 4 term economic recovery 3 2 Margin: Active cost and price 2 management 30.4 42% 1 3 21.4 Strong focus on cash flow enables consistent de-leve
Slide 17: Questions and Answers
5 BLUE CAP oa and Answers
Slide 18: Thank you for your attention!
Thank you for your attention!
Slide 19: Financial calendar and contact details
Financial calendar and contact details Date Event Location 23-24 August 2023 10th Hamburg Investor Day – HIT Hamburg 27-29 November 2023 Deutsches Eigenkapitalforum Frankfurt / Main Lisa Marie Schraml Stay informed about Investor Relations & Corporate Communications the latest news and developments
Slide 20: Appendix
Appendix
Slide 21: Blue Cap on the stock market
Blue Cap on the stock market Reference data Positive recommendations by Analysts ▪ ISIN/WKN: DE 00A0JM2M1 / A0JM2M ▪ Ticker: B7E, B7E.DE (Reuters), B7E:GR (Bloomberg) Analyst Date Rating Target Price ▪ Share Capital: 4,486,283.00 Euro / 4,486,283 pcs M.M. Warburg 27.07.2023 Buy 38.00 € ▪ Market Segm
Slide 22: Disclaimer
Disclaimer By accessing this document, you acknowledge the restrictions on use set out Insofar as the information contained in this document is based on statements herein. The information contained in this document regarding Blue Cap AG made by third parties, we would like to point out that no warra