Grammer Ag · XETR:GMM
Grammer — Investor Presentation (February 2015)
25 slides from Grammer's investor presentation, February 2015
Slide 1: Investor Presentation February 2015
GRAMMER GROUP Investor Presentation February 2015
Slide 2: Corporate Overview
CORPORATE OVERVIEW
Slide 3: Group – Key Facts & Figures
GROUP – KEY FACTS & FIGURES Leading global player in the automotive and commercial vehicle industry Facts Financials [in € million] Leading manufacturer of premium interior 2013 2012 2011 components and seating solutions Revenues 1,266 1,133 1,094 Global player with > 10,000 employees Growth in % +1
Slide 4: Group – Global Footprint
GROUP – GLOBAL FOOTPRINT Global player on 4 continents with an international production & R&D network GRAMMER locations with R&D hubs GRAMMER production & sales locations Americas Germany Europe Asia / Row Total (w/o Germany) # of locations* 8 8 14 7 37 thereof plants w/ R&D 2 2 2 4 10 % of total he
Slide 5: Automotive – Product Portfolio
AUTOMOTIVE – PRODUCT PORTFOLIO Premium interior components for maximum in safety, comfort & functionality Headrests Consoles Armrests crash-active x-adjustable center console system rear armrest comfort multimedia center console body front armrest Copyright 2015 GRAMMER AG - Investor Presentation Fe
Slide 6: Seating Systems – Product Portfolio
SEATING SYSTEMS – PRODUCT PORTFOLIO Highly innovative seating solutions and broad product portfolio for all applications Offroad Truck & Bus Railway agricultural construction truck driver seats railway passenger seats material handling turf care bus driver & passenger seats railway driver seats Copy
Slide 7: Grammer Divisions – Key Facts & Figures
GRAMMER DIVISIONS – KEY FACTS & FIGURES Interior components for passenger cars and suspended seats for commercial vehicles Automotive – Financials [in € million] Seating Systems – Financials [in € million] 2013 2012 2011 2013 2012 2011 Revenues 813 711 680 Revenues 473 439 438 Growth in % +14% +4% +
Slide 8: Group – Customer Structure & Market Shares
GROUP – CUSTOMER STRUCTURE & MARKET SHARES Broad customer base in both divisions – “The who is who of the industry” Automotive – major OEM customers Seating Systems – major OEM customers Automotive – market shares Seating Systems – market shares Headrest Consoles Offroad Truck Europe #1 #2 Europe #1
Slide 9: Global Growth Strategy
GROUP – GLOBAL GROWTH STRATEGY
Slide 10: Pillars of Our Global Growth Strategy
GROUP – PILLARS OF OUR GLOBAL GROWTH STRATEGY Main factors of GRAMMER’s global growth strategy 1 Innovations and M&A to strengthen our global leadership 2 Globalization driven by regional market shift towards emerging markets Copyright 2015 GRAMMER AG - Investor Presentation February 2015 Page 10
Slide 11: Long-term Market Growth
GROUP – LONGTERM MARKET GROWTH Global mega trends as key drivers for long-term growth of automotive and truck markets Population Growth Food Demand Mobility Urbanization Global Light Vehicle Production Global Heavy Truck Production in million vehicles in 100,000 units 120 +30% 40 +35% 100 30 80 60 2
Slide 12: Innovation as Growth Driver
GROUP – INNOVATION AS GROWTH DRIVER Supported by M&A strategy, our passion for new ideas & innovations drive our leadership Main pillars of our R&D and M&A activities: M&A focus Passenger Safety Ergonomics Materials & Technology Electronics Active Safety Systems Ergomechanics® Light Weight Surfaces
Slide 13: Globalization as Growth Driver
GROUP – GLOBALIZATION AS GROWTH DRIVER Strong global presence as basis for GRAMMER’s huge growth potential in all regions GRAMMER‘s 5 year growth potential Region Americas Region Europe Region Asia 250% >85% 250% 250% >100% 200% 200% 200% >25% 150% 150% 150% 100% CAGR 13% 100% 100% CAGR 17% CAGR 5%
Slide 14: Preliminary Results 2014 & Market Outlook 2015
PRELIMINARY RESULTS 2014 & MARKET OUTLOOK 2015
Slide 15: Preliminary Results 2014
GROUP – PRELIMINARY RESULTS 2014 Group revenue increased by 7%. EBIT on previous year’s level despite up-front costs. Group Revenues [in € million] Group EBIT [in € million] +7% (w/o FX +9%) incl. 10 € m. 1,360 up-front cost 1,266 58 57 2013 2014p 2013 2014p Automotive Revenues [in € million] Seatin
Slide 16: Market Outlook 2015
GROUP – MARKET OUTLOOK 2015 Global car and truck markets continued to grow, but uncertainties remain esp. in Brazil Global passenger car production Global production of heavy trucks [in % vs. previous year] [in % vs. previous year] Trend Trend 2014 2015 2014 2015 Europe +3% Europe -10% North America
Slide 17: Summary: Pillars of Success
GROUP – SUMMARY: PILLARS OF SUCCESS GRAMMER Group is well positioned for profitable growth & value generation 1 Trendsetter in ergonomics, safety & comfort through continuous R&D efforts 2 Strong global presence in all core markets and regions 3 Global GRAMMER network including 10 R&D centers and re
Slide 18: Backup Information
BACKUP INFORMATION
Slide 19: Share Price Development 2015
GROUP – SHARE PRICE DEVELOPMENT 2015 Positive share price development in volatile stock markets Share price development January 2015 – February 2015 120% 37.55 € 100% GRAMMER AG SDAX Index 80% Dec Jan Basic share data Shareholder structure ISIN ISIN DE000589540 DE000589540 DWS Investment 5.18% WKN /
Slide 20: Executive Board
GROUP – EXECUTIVE BOARD Highly experienced management team driving profitable growth strategy Hartmut Müller Volker Walprecht Manfred Pretscher CEO CFO COO joined in 2007 joined in 2012 joined in 2010 more than 25 years of 25 years of industry 30 years of automotive automotive experience experience
Slide 21: Long-term Growth 2004 – 2014 prel
GROUP – LONG-TERM GROWTH 2004 – 2014 prel Strong track record of revenue growth Group revenues in € billion – 10 year development: 1.36 +65% since 2004 +90% since 2009 1.27 CAGR 10-year: 5% CAGR 5-year: 13% 1.13 1.09 1.00 1.01 0.93 0.86 0.89 0.82 0.72 2004 2005 2006 2007 2008 2009 2010 2011 2012 201
Slide 22: Key Figures Q3 and 1-9 2014
GROUP – KEY FIGURES Q3 and 1-9 2014 1-9 2014 1-9 2013 Chg. Q3 2014 Q3 2013 Chg. Group Revenues 993.8 952.9 4.3% 324.2 310.4 4.4% EBITDA 69.8 68.5 1.9% 21.8 21.9 -0.5% EBITDA-Margin 7.0% 7.2% -0.2%-P 6.7% 7.1% -0.4%-P EBIT 43.1 43.3 -0.5% 12.2 13.2 -7.6% EBIT-Margin 4.3% 4.5% -0.2%-P 3.8% 4.3% -0.5%-
Slide 23: Highlights 2013
GROUP – HIGHLIGHTS 2013 In 2013 GRAMMER once again substantially improved the previous year’s good results Key figures 2013 [IFRS, in € million] 2013 2012 Change Group Revenues 1,265.7 1,133.0 11.7% EBITDA 92.3 78.1 18.2% EBITDA-Margin 7.3% 6.9% 0.4 %-P EBIT 58.0 49.0 18.4% EBIT-Margin 4.6% 4.3% 0.3
Slide 24: Grammer – Financial Calendar & IR Contact
GRAMMER – FINANCIAL CALENDAR & IR CONTACT Financial Calendar 2015 Investor Relations Contact Annual Report 2014: March 30, 2015 Ralf Hoppe VP Investor Relations, Communications, Analyst & Press Conference: March 30, 2015 Marketing & Strategic Product Planning Interim Report Q1/2015: May 06, 2015 Pho
Slide 25: Legal Disclaimer
LEGAL DISCLAIMER This presentation has been prepared by Grammer AG solely for investor meetings in February 2015. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securities issued by Grammer AG. No