Mutares SE & Co. KGaA · XETR:MUX
Mutares SE & Co. KGaA — Investor Day (October 2019)
14 slides from Mutares SE & Co. KGaA's investor day presentation, Oct 22, 2019
Slide 1: Capital Markets Day 2019 - Keynote
Capital Markets Day 2019 - Keynote Realizing untapped value potential Frankfurt/Main, 22nd October 2019
Slide 2: Mutares has grown from EUR 6m to > EUR 1,000m in 11 years
1 Capital Markets Day 2019 – Keynote Mutares has grown from EUR 6m to > EUR 1’000m in 11 years Growing from a purely Munich based to a European group CAGR: > 1.000 900 865 > 60% 648 684 648 650 347 310 128 159 61 6 08 09 10 11 12 13 14 15 16 16 17 18 19e Sales in mEUR HGB IFRS 2
Slide 3: Today: European group with soon 6 offices
1 Capital Markets Day 2019 – Keynote Today: European group with soon 6 offices Extensive and regionally-oriented M&A network for deal sourcing Munich (HQ) Paris Milano 2008 2015 2017 London Helsinki Frankfurt/Main 2018 2019 opening 2020 3
Slide 4: Searching for hidden value gems
1 Capital Markets Day 2019 – Keynote Searching for hidden value gems Who takes over a company like this? Company characterized by: ¬ High level of intransparency ¬ Inefficient equipment utilization ¬ Complex product portfolio ¬ Product pricing with negative margins ¬ Lack of cooperation between func
Slide 5: What we found: A+F as example for driving change
1 Capital Markets Day 2019 – Keynote Mutares Mission: A+F as example for driving change for success German producer for end-of-line packaging machines What we found Unbalanced customer portfolio: customers in dairies contributing >70% to sales Acquisition rationale of Mutares Claims and loss of cust
Slide 6: Products Segment Portfolio: transactions in 2019
1 Capital Markets Day 2019 – Keynote Already 7 transactions in 2019, bid submitted for 8th transaction Strategy of international hub of M&A offices delivering convincing results Normek FDT TrefilUnion Plati Sales EUR 65m EUR 54m EUR 42m EUR 38m Products Roof and facade Cable harnesses and Roofing me
Slide 7: Products Segment Portfolio: transactions in 2019 (continued)
1 Capital Markets Day 2019 – Keynote Already 7 transactions in 2019, bid submitted for 8th transaction Strategy of international hub of M&A offices delivering convincing results keeeper KICO Ruukki 1) Q Logistics 2) Sales EUR 65m EUR 110m EUR 130m EUR 250m Products Household plastic Safety, locking
Slide 8: Q-Logistics GmbH
1 Capital Markets Day 2019 – Keynote Q-Logistics GmbH Potential first transaction involving a state-owned company (ÖBB) Details of binding offer Products and markets ¬ Potential new platform investment, transaction still ▪ Transport: Groupage goods & charter (including Products subject to approval b
Slide 9: European group with international footprint
1 Capital Markets Day 2019 – Keynote European group with international footprint Currently, five Mutares offices and 13 portfolio companies with activities worldwide FR Helsinki London Frankfurt FR Munich Paris Milan FR FR Mutares HQ Mutares offices Planned Mutares office 9
Slide 10: Value creation based on entrepreneurial approach
1 Capital Markets Day 2019 – Keynote Value creation based on entrepreneurial approach Strong links between M&A and consulting for a strategic and hands-on approach Mission of Mutares: Realize untapped value potential and help seller to focus on core activities and actively support acquired companies
Slide 11: Operational value creation translates into sustainable dividends
1 Capital Markets Day 2019 – Keynote Operational value creation translates into sustainable dividends 2019 dividend yield of 11%; in last four years, a total of EUR 45.2m was payed out Objective: High and sustainable dividend capacity Since its foundation, Mutares let shareholders participate in the
Slide 12: Ambition for 2019 overshot, for 2020 keeping momentum is objective
1 Capital Markets Day 2019 – Keynote Ambition for 2019 overshot, for 2020 keeping momentum is objective Our objective is even more active portfolio management for sustained value creation 2019e 2020e Dividend Ensure & prepare payout of EUR 1.00/share in 2020 Transactions 8 Buy- and sell-side In 2019
Slide 13: Summary
1 Capital Markets Day 2019 – Keynote Summary Mission: Realize untapped value potential ✓ Mutares core competency is realizing untapped value potential ✓ 2019ytd with record number of acquisitions ✓ Integrated approach of M&A and hands-on consulting is key value driver ✓ Active life cycle management
Slide 14: Disclaimer
Disclaimer This document has been prepared by Mutares SE & Co. KGaA solely for the use in this presentation. The information contained in this document has not been independently verified. No representation or warranty - whether expressed or implied – is made as to, and no reliance should be placed