Bajaj Mobility Ag · SIX:BMAG
Bajaj Mobility — PIERER Mobility — Investor Presentation (January 2022)
18 slides from Bajaj Mobility's investor presentation, Jan 13, 2022
Slide 1: PIERER Mobility AG Company Presentation
PIERER MOBILITY AG THE LEADING EUROPEAN POWERED TWO-WHEELER COMPANY. COMPANY PRESENTATION | 13/01/2022
Slide 2: Disclaimer
D I SC LAI M ER This document is for information purposes only and shall not be treated as giving any investment advice and/or recommendation whatsoever. This presentation and any information (written or oral) provided to you does not constitute an offer of securities, nor a solicitation for an offe
Slide 3: The PIERER Mobility DNA
T H E P I E R E R M O B I LI T Y D N A 30 YEARS OF TRACK RECORD CONTINUED GROWTH HIGH INNOVATION RATE ~16% sales unit CAGR since 1992 Research and Development expenses resulting in EUR 2,020 – 2,040 million are around 9% of revenues revenue in 2021 PIONEER IN PREMIUM BRANDS PTW strong brands secure
Slide 4: The 4 Pillars of Success
TH E 4 PI LLAR S O F SU C C ESS GLOBALISATION INNOVATION GLOBALIZATION INNOVATION BRANDS PEOPLE 4
Slide 5: The Leading European Powered Two-Wheeler Group
T H E L E AD I N G E U R O P E AN P O W E R E D T W O - WH E E L E R G R O U P 3 P I L L A R S O F VA L U E C R E AT I O N KTM AG DESIGN, CONCEPT DEVELOPMENT & E-BIKES DIGITALIZATION Source: PIERER Mobility AG 5
Slide 6: Twenty-Nine Years of Successful Track Record: Revenue
TW EN TY- N I N E YEAR S O F SU C C ESSFU L TR AC K R EC O R D REVENUE SALES MOTORCYCLES & E-BIKES Guidance 2021 EURm EURm 2,020 – 2,040 2000 CAGR 92-21: 16.8% ▪ On track for 11th consecutive record CAGR 09-21: 13.3% year 1800 1600 1,530 ▪ BY 2021 revenue of EURm between 1400 EURm 2,020 – 2,040 (+ ~
Slide 7: Twenty-Nine Years of Successful Track Record: Unit Sales
TW EN TY- N I N E YEAR S O F SU C C ESSFU L TR AC K R EC O R D POW ERED TW O-WHEELERS (PTW ) UNIT SALES 409,797 400 000 Sales units CAGR incl. Bajaj 92-21: ~15.7% ▪ 409,797 PTWs sold in the Business Sales units CAGR incl. Bajaj 09-21: ~16.8% 350 000 Units KTM 326 471 Units HQV Year 2021 300 000 Unit
Slide 8: Our Brands Provide Customers the Power of Choice
O U R B R AN D S PR O VI D E C U STO M ER S TH E PO W ER O F C H O I C E P I E R E R M O B I L I T Y C O V E R S T H E E N T I R E VA L U E C H A I N O F P T W E N T H U S I A S T S PURITY | PERFORMANCE READY TO RACE ADVENTURE | EXTREME SMART | PROGRESSIVE DYNAMIC | PURE DESIGN DARING | CAPABLE VIBR
Slide 9: Strong (E)-Bicycle Product Portfolio
STR O N G ( E) - B I CYC LE PR O D U C T PO R TFO LI O Source: PIERER Mobility AG 9
Slide 10: The Electric PTW Opportunity
TH E ELEC TR I C PTW O PPO R TU N I TY REVENUES OF PIERER MOBILITY AND MARKET OPPORTUNITY Revenues PIERER Mobility (mEUR) Global E-Bike Market Potential Sales CAGR E-Bike 2020–2025: >35 % EUROPE Market volume 2021: tbd ~4,500,000 units EST. MARKET BY 2025: ~6,000,000 UNITS NORTH 500 AMERICA ~187 Mar
Slide 11: The Electric Powered Two-Wheeler Vision
THE ELECTR I C PO W ER ED TW O - W HEELER VI SI ON BECOME THE GLOBAL LEADER OF ELECTRIC POWERED TWO -WHEELERS IN THE POWER RANGE 250W TO 11KW Source: PIERER Mobility AG 11
Slide 12: Investments in Electric Mobility
I N VESTM EN TS I N ELEC TR I C M O B I LI TY N E W E - M O B I L I T Y R E S E AR C H & DEVELOPMENT CENTER ( A N I F, A U S T R I A ) ▪ 7,780 m² floor space ▪ 150 employees ▪ Implemented right next to KISKA design studio 20 MIO. € INVESTMENT Source: PIERER Mobility AG 12
Slide 13: Global Motorcycle Production Facilities
G LO B AL M O TO R C YC LE PR O D U C TI O N FAC I LI TI ES BUSINESS YEAR 2021 SPAIN Girona AUSTRIA Mattighofen (HQ) PRODUCTION SITES ~2,500 UNITS ~179,000 UNITS ▪ 4 production sites ▪ 4 CKD/CBU facilities CKD/CBU PRODUCTION CHINA Hangzhou ▪ 125/200/250/390/790 DUKE ~10,000 UNITS COLOMBIA ▪ RC 125/2
Slide 14: Business Growth Driver – Dealers & Showrooms
B U SI N ESS G R O W TH D R I VER – D EALER S & SH O W R O O M S MORE THAN 4,200 MOTORCYCLE DEALERS & 1,340 BICYCLE DEALERS 4,230 MOTORCYCLE DEALERS 1,343 BICYCLE DEALERS ▪ more than 350 dual brand dealers ▪ 1,059 independent bicycle dealers ▪ Europe: ~1,570 Dealers ▪ 284 motorcycle dealers ▪ North
Slide 15: Reporting Guidelines and ESG Ratings
R EPO R TI N G G U I D ELI N ES AND E S G R ATI N G S ▪ Reporting Guidelines 2021 − Sustainability Reporting in accordance with “GRI Standards”: “Core” option and Directive 2014/95/EU (in Austria “NaDiVeG”) − External assurance (conformity with the International Standard on Assurance Engagements ISA
Slide 16: Sustainability Activities
SU STAI N AB I LI TY AC TI VI TI ES MAIN TOPICS AND CURRENT MEASURES 2021 ▪ COVID-19: Measures to protect employees (among other things ongoing testing and vaccination option), vaccination bonus of EUR 750 as a one-time voluntary benefit for all employees ▪ Supplier survey on social and environmenta
Slide 17: Financial Guidance
FI N AN C I AL G U I D AN C E 2 0 21 FINANCIAL OUTLOOK GUIDANCE KEY FIGURES KEY FIGURES 2021 2020 2019 Revenues 2,020 – 2,040 1,530.4 1,520.1 in m€ EBIT margin 9.0 – 9.5% 7.0% 8.7% EBITDA margin 15.3% 15.8% Source: PIERER Mobility AG Previous BY 2021 revenues guidance announced in April 2021: EUR 1,
Slide 18: Management Team & Contact Details
M AN AG EM EN T TE AM & C O N TAC T D ETAI LS PIERER MOBILITY AG C O N TA C T D E TA I L S Stefan Pierer PIERER Mobility AG CEO Edisonstrasse 1 4600 Wels Friedrich Roithner Austria CFO www.pierermobility.com Hubert Trunkenpolz Member of the Executive Board Michaela Friepess, IR E-Mail: ir@pierermobi
PIERER Mobility — Investor Presentation (January 2022) on 6ix