Aumann AG · XETR:AAG
Aumann — Berenberg European Conference 2020
20 slides from Aumann's conference presentation, Dec 3, 2020
Slide 1: Aumann AG - A global leader in modular machines for E-mobility
Aumann AG A global leader in modular machines for E-mobility Berenberg European Conference 2020 | 03 December 2020 0
Slide 2: From vision to product
From vision to product Automated manufacturing equipment for complex applications 1
Slide 3: Aumann at a glance
Aumann at a glance Right business Right capabilities E-mobility growth Fully automated E-mobility > 80 years of winding experience Revenue share evolution production lines … in € million and in % > 30 years partner of automotive OEMs 156 210 291 260 5 locations in Germany, China and USA 64% 56% 73%
Slide 4: Aumann combines technology and product know-how through R&D capabilities
Aumann combines technology and product know-how though R&D capabilities Technology know-how Innovation Product know-how … … Engineering - Pioneering - Customizing 3
Slide 5: E-mobility benefits from megatrends
Aumann benefits from megatrends Megatrends Specific trends E-mobility Aumann Classic segments Aumann Measuring Winding Assembly Welding Automation Software Service competences & Testing 4
Slide 6: Automotive industry in the middle of a transformation
Automotive industry in the middle of a transformation Market share by drivetrain OEM CapEx plans in E-mobility Schematic illustration in US$ billion and in % by country of origin of OEM Status quo Transformation CO2-neutrality France Other South Korea Japan 8% US$ 300 46% Germany billion USA 11% unt
Slide 7: Market recovery a question of time
Market recovery a question of time Global vehicle production* in million units Short-term drivers Long-term trends Urbanization Mobility Ecology WLTP + + IHS Forecast Scenario 1 Current vehicle production Scenario 2 * Source: IHS Q2/2017, Statista April 2020 6
Slide 8: Environmental bonuses and tax benefits help to incentivise demand for EVs
Environmental bonuses and tax benefits help to incentivise demand for EVs Comparison of acquisition costs in Germany Selected vehicle premiums and tax benefits in € > 30,000 < 30,000 up to € 9,000 for BEV and FCEV* up to € 6,750 for PHEV* Innovation + VAT reduction until 12/20 bonus + other tax adva
Slide 9: Complexity of new products focused on E-mobility
Aumann focused on E-mobility Importance of selected product areas in the automotive industry* Electric motor/traction module Winding and assembly of Electrification stator, rotor and motor Complexity of new products Electric motor Energy storage/conversion Energy storage Assembly of battery modules,
Slide 10: Aumann has the ideal capabilities, industry experience and corporate setup
Aumann has the ideal capabilities, industry experience and corporate setup Technological E-mobility Corporate setup leadership focus and workforce Exclusive Decades of 5 locations in winding automotive focus Europe, China, USA technologies Highest degree of Relationships to Experience with automatio
Slide 11: E-mobility order intake improves versus Q1 and Q2 2020
E-mobility order intake improves versus Q1 and Q2 2020 Order intake Order intake E-mobility in € million in € million and in % of total order intake -15.7% 36.2% 62.5% 72.1% 145.6 122.7 57.2 52.3 28.5 88.4 27.9 70.4 13.9 9M 2019 9M 2020 Q1 2020 Q2 2020 Q3 2020 Classic E-mobility 10
Slide 12: Ongoing crisis puts pressure on Classic and moderate weakness on E-mobility
Ongoing crisis puts pressure on Classic and moderate weakness on E-mobility Revenue Revenue Classic in € million in € million -38.4% -61.8% 200.8 115.1 115.1 123.7 43.9 43.9 85.7 79.8 9M 2019 9M 2020 9M 2019 9M 2020 Classic E-mobility 11
Slide 13: Aumann returns to positive adj. EBITDA in Q3 2020
Aumann returns to positive adj. EBITDA in Q3 2020 Adj. EBITDA by quarter One-of adjustment expenses in € million and in % of revenue in € million 3.2% -6.2% 2.2% 0.1% Other 0.1 capacity adjustments -0.4 1.5 0.1 2.4 0.8 1.4 0.4 0.2 0.6 € 3.9 million -2.8 -2.5 -3.5 -2.3 Site closure Hennigsdorf Q1 202
Slide 14: Aumann improves trade working capital and liquidity in demanding environment
Aumann improves trade working capital and liquidity in demanding environment Trade working capital Liquidity and net cash in € million in € million -48.9 137.8 90.3 86.5 88.9 Liquidity 57.4 72.3 65.5 Net Cash 35.7 Q3 2019 Q3 2020 Q3 2019 Q2 2020 Q3 2020 13
Slide 15: Balance sheet continues to be solid
Balance sheet continues to be solid Balance sheet 30 September 2020 in € million 294.6 294.6 Non-current assets** 82.9 197.7 Equity (67.1%) Current assets** 121.3 Cash* 90.3 78.9 Other liabilities 72.3 Net cash 18.0 Financial liabilities Assets Equity & Liabilities * Liquidity and securities (non-cu
Slide 16: Aumann actively addresses automotive crisis and COVID-19 pandemic
Aumann actively addresses automotive crisis and COVID-19 pandemic Capacity Adjustments of corporate structures Optimization of production depth Organization Systematization of processes Further digitalization Keeping technological edge (R&D) Technology 15
Slide 17: Thick / flat wire drives technological developments forward
Aumann drives technological developments forward Aumann portfolio for electric traction motors Customer products Automated Trickle Winding Thin wire Concentrated Needle Winding Characteristics • Highly automated stator production Distributed Needle Winding (one & two layer) • Standardized process
Slide 18: Key highlights of Aumann
Key highlights of Aumann Technological pioneer … All relevant winding technologies and deep automation know-how Decades of experience … High automotive exposure and trusted client relationships Asset-light business model … Low Capex requirements and highly skilled engineers Solid financials … Above
Slide 19: Contact
Contact Aumann AG Dieselstr. 6 48361 Beelen Germany www.aumann.com Investor Relations Tel.: +49 2586 888 7807 Fax: +49 2586 888 7805 Email: ir@aumann.com 18
Slide 20: Disclaimer
Disclaimer The presentation, including any printed or electronic copy of these slides, the talks given by the presenters, the information communicated during any delivery of the presentation and any question and answer session and any document or material distributed at or in connection with the pre