Mbb Se · XETR:MBB
Mbb — ODDO BHF Forum 2020
17 slides from Mbb's conference presentation, January 2020
Slide 1: ODDO BHF Forum – MBB SE
ODDO BHF FORUM MBB SE 9-10 January 2020
Slide 2: As a listed family business, MBB generates growth through technological expertise
As a listed family business, MBB generates growth through technological expertise Track record Growth M&A Family business Capital strength Long-term Capital Markets Technological expertise Germany Success Succession Mittelstand Entrepreneurship Transparency 2
Slide 3: In 2019, MBB completed three new acquisitions in highly attractive target markets
In 2019, MBB completed three new acquisitions in highly attractive target markets IT-Security Software Energy infrastructure 1 2 3 + Buy-and-built for DTS Market entry for MBB Buy-and-built for Vorwerk 100 % strategic fit Over €100 million revenue Over €90 million in revenue High double
Slide 4: ISL elevates DTS to a software developer for IT-Security applications
1 ISL elevates DTS to a software developer for IT-Security applications IT-Security Software by ISL Evolution of DTS Network Access Control (NAC) to an IT-Security specialist Device Device Policy 2019 recognition classification enforcement Own IT-Security Software products 2018 Security Operat
Slide 5: Friedrich Vorwerk is a pipeline and plant construction specialist for gas and electricity grids
2 Friedrich Vorwerk is a pipeline and plant construction specialist for gas and electricity grids Business segments Foundation of Friedrich Vorwerk for future growth Underground infrastructure Concept development and building of complex infrastructure for gas and electricity grids 750 employees Plan
Slide 6: Bohlen & Doyen is the ideal complement to Friedrich Vorwerk
3 Bohlen & Doyen is the ideal complement to Friedrich Vorwerk (closing expected Q4/2019) Key competencies Vorwerk + Bohlen & Doyen of Bohlen & Doyen even better together Pipelines Like Vorwerk, Bohlen & Doyen is among the most renowned German pipeline engineering companies 1,200 employees Undergroun
Slide 7: Investments in energy infrastructure will grow massively due to Germany's Energiewende
22+3 +3 Investments in energy infrastructure will grow massively due to Germany‘s “Energiewende“ Gas infrastructure Power grid consequences of the Energiewende consequences of the Energiewende High variance in electricity Wind power must be transported production must be absorbed from north to south
Slide 8: All MBB subsidiaries show growth
All MBB subsidiaries show growth Revenue development of MBB companies in € millions E-mobility 13 103 + 143 % Tissue products FC 19 240-260 13 24 + 88 % FC 19 45 Energy infrastructure 13 69 > 45 % Mattresses for e-commerce FC 19 > 100 before Bohlen & Doyen acquisition 13 20 + 90 % FC 19 38 System so
Slide 9: MBB continues to grow despite a weaker automotive industry
MBB continues to grow despite a weaker automotive industry Revenue Adj. EBITDA in € millions in € millions + 15 % p.a. + 11 % p.a.* 530 507 48 - 58 55 403 39 2017 2018 2019 2017 2018 2019 Forecast Forecast * CAGR with respect to the lower bound of the EBITDA forecast 2019 9
Slide 10: In the first nine months 2019, MBB grew its revenues by 9 %
In the first nine months 2019, MBB grew its revenues by 9 % Revenue Adj. EBITDA in € millions in € millions Margin 11 % 10 % +9% 408 373 40 40 9M 2018 9M 2019 9M 2018 9M 2019 10
Slide 11: MBB maintains a strong balance sheet
MBB maintains a strong balance sheet Balance sheet as of 30 September 2019 in millions of € 778 778 328 Non-current assets** (42%) 465 Equity (60%) 198 Current assets** (25%) 220 (28%) Other liabilities Cash* 252 € 182 million (32%) non-restricted Net Cash 93 in MBB SE holding Financial liabilities
Slide 12: Owners of Mittelstand companies are becoming older and seek a succession solution
Owners of “Mittelstand” companies are becoming older and seek a succession solution Successions planned Short term successions Share of company owners above age 55 Companies with more than 50 employees Succession within the next two years 9% 6,800 3,8 Mio. 72,000 Source: KfW-Mittelstandspanel 2018 1
Slide 13: MBB offers substantial benefits to all stakeholders and has an excellent reputation
MBB offers substantial benefits to all stakeholders and has an excellent reputation Unique qualities Reputation of MBB in the German Mittelstand Discrete & lean process Due diligence executed by the MBB team with minimal involvement of external advisors Reputable references in the German Mittelstand
Slide 14: MBB continues its success story
MBB continues its success story Growth targets Revenue Mid-term in € millions 1,000 Revenue 15 % p.a. EBITDA-Margin 660* > 10 % Increasing Dividend 253 530 115 SDAX 37 Listing 2005 2010 2015 2019 2025 * annualised 14
Slide 15: Contact
CONTACT MBB SE Joachimsthaler Straße 34 D-10719 Berlin Tel: +49 30 84415 330 Fax: +49 30 84415 333 Mail: anfrage@mbb.com Web: www.mbb.com 15
Slide 16: Disclaimer
DISCLAIMER By accessing this document you agree to abide by the limitations set out hereafter. The information contained in this document relating to MBB SE ("MBB" or the "Company") may not be redistributed, reproduced, published, or passed on to any other person and must not be relied upon for any
Slide 17: MBB.COM
MBB.COM