Monbat Ad · BSESOF:MONB
Monbat Ad — Monbat — Non-Deal Roadshow (May 2017)
8 slides from Monbat Ad's roadshow presentation, May 18, 2017
Slide 1: Monbat Economic Group: Source of value
MONBAT ECONOMIC GROUP Source of value Peter Bozadjiev, Group CFO London, 18 May 2017
Slide 2: Monbat Group at a Glance
Monbat Group at a Glance CORE BATTERIES BUSINESS Lead Recycling Battery Production (Public company on the BSE) Monbat Recycling S.R.L. Monbat AD 100% owned 100% owned Monbat Recycling EAD Start AD 100% owned 87% owned Romania Monbat PLC DOO Inđija 100% owned Bucharest Serbia Montana Dobrich Godech B
Slide 3: Prominent value creation, …
Prominent value creation, … M. Cap EPS As of 9th May 2017 216m EUR 0.34m EUR 2017 125% 10.8 BGN 63% Enterprise value DPS 275m EUR 2.26 times Mul.12 240% 3
Slide 4: driven by strong operational performance …
driven by strong operational performance … TTM (000) Markets Net profit Strong profitability 64 Countries 18% EBITDA 13.1m EUR 11.7% Industry median 75% Net DEBT EBITDA 49.9m EUR 2 times 23.5m EUR Volume 5.5m 52% Strong investment >37m EUR batteries CAPEX 4
Slide 5: enabled by complete vertical integration…
enabled by complete vertical integration… 1 Collection Regular sourcing (leveling the of Scrap LME-based price formula); Recycling Batteries Economic feasible premium 3 Plants charge, matching the 2 production costs; 5 Recycling Feasible logistics and internal Waste Material technology waste r
Slide 6: that supports natural hedging and…
that supports natural hedging and… LME is low LME is high Margin is optimized in the Recycling Division In High LEM Market context, Monbat is Margin is aiming to maximize optimized in the margin gain from the Finished the opening market Goods Division spread In Low LME Market context, Monbat is aimi
Slide 7: sustain growth and innovate further
sustain growth and innovate further Focused diversification in Lithium-ion solutions Niche recycling diversification Hybrid “Go-to-Market” expansion 54% of the current portfolio 7
Slide 8: and double the EV in 2021, AGAIN.
Monbat represents a prominent value creation, driven by strong operational performance, enabled by a complete vertical integration that supports natural hedging in order to sustain growth and invest in new sources of marginal revenue and double the EV in 2021, AGAIN. 8