Deutz Ag · XETR:DEZ
Deutz — Merger or Acquisition (September 2017)
22 slides from Deutz's merger presentation, Sep 28, 2017
Slide 1: Presentation on the acquisition of Torqeedo GmbH
Presentation on the acquisition of Torqeedo GmbH: On our way to becoming market leader for innovative drive systems 28 September 2017 Dr Frank Hiller, CEO Dr Margarete Haase, CFO
Slide 2: Fast – Forward looking – Sustainable
Fast – Forward looking – Sustainable „ The acquisition of Torqeedo is the key catalyst for our E-DEUTZ growth strategy “ Dr.-Ing. Frank Hiller Chairman of the Board of Management E-DEUTZ strategy 28 September 2017 2
Slide 3: Our E-DEUTZ strategy
Our E-DEUTZ strategy ■ DEUTZ diesel engines are well equipped to face the future: DEUTZ is the first engine manufacturer in the world to be certified for the EU Stage V emissions directive which will apply from 2019 ■ Innovative diesel engines remain the instrument of choice when the requirement is
Slide 4: Agenda
Agenda Torqeedo acquisition E-DEUTZ strategy Q&A E-DEUTZ strategy 28 September 2017 4
Slide 5: Torqeedo transaction
Torqeedo transaction Torqeedo DEUTZ is acquiring the global market leader in electric drive systems for boats and a specialist in integrated electric drive systems Torqeedo is an innovative catalyst for the E-DEUTZ strategy Bringing hybrid and full-electric drive systems to market more quickly
Slide 6: Torqeedo – global market leader in electric motors for boats
Torqeedo – global market leader in electric motors for boats ■ No. 1 for market share: More than 70,000 electric drive systems sold ■ No. 1 for performance: Highest efficiency, best power to weight ratio, superior performance ■ No. 1 in technology: Superior electric and hybrid drive systems for boat
Slide 7: Torqeedo – product examples
Torqeedo – product examples Travel Segments: Advantages: 0.5–1 kW Tenders and Lighter, cleaner, <50 V sailing dinghies quieter, more convenient Cruise Segments: Advantages: 2–10 kW Sailing boats, Lighter, cleaner, <50 V commercial use quieter, more onboard power Deep Blue Segments: Advantage
Slide 8: Torqeedo – expertise for E-DEUTZ projects
Torqeedo – expertise for E-DEUTZ projects Torqeedo expertise as support Torqeedo expertise for development 1 Vehicle integration (system design, application software, customer interface) 2 Integration of hybrid system (mechanical integration, steering software, thermal management) Integration 3 Ener
Slide 9: Torqeedo – key data
Torqeedo – key data Revenue of more than €30 million forecast in FY 2017/18(1) – planned Key financials doubling of revenue within 3 years EBIT of minus €5 million forecast for 2017/18(1) – break-even in 2 years Consolidation of Torqeedo from 1 October 2017 Consolidation DEUTZ Group forecast
Slide 10: Synergies
Synergies Torqeedo DEUTZ DEUTZ Torqeedo ■ Know-how transfer and integration ■ Integration of DEUTZ diesel engines into expertise for E-DEUTZ strategy Torqeedo's hybrid range R&D ■ Significantly accelerated development ■ Expansion of the component portfolio process ■ Use of the Torqeedo supplier
Slide 11: Agenda
Agenda Torqeedo acquisition E-DEUTZ strategy Q&A E-DEUTZ strategy 28 September 2017 11
Slide 12: E-DEUTZ completes range of innovative drive systems
E-DEUTZ completes range of innovative drive systems Innovative drive systems Diesel Alternative fuels E-DEUTZ Liquid gas (LPG) Hybrid Compressed natural gas (CNG) Partial Synthetic fuels electrification Full electrification Additional market opportunities in Strong growth opportunities t
Slide 13: Torqeedo speeds up transformation into provider of innovative drive systems
Torqeedo speeds up transformation into provider of innovative drive systems DEUTZ now Off-Highway / On-Highway < 4 Ltr. 4 - 8 Ltr. > 8 Ltr. Diesel Diesel Diesel Trans- formation DEUTZ in future E-Mobility Off-Highway / On-Highway < 4 Ltr. 4 - 8 Ltr. > 8 Ltr. cooperation Diesel / gas / bi-fuel Diesel
Slide 14: Future product portfolio
Future product portfolio TCD 18.0 Full range product line-up 19 to 620 kW TCD 13.5 Optimized diesel solutions & alternative drives TCD 12.0 Reduced exhaust & noise emissions Liebherr TCD 9.0 cooperation TCD 7.8 TCD 6.1 TCD 5.0 TCD 4.1 G/ TCD 3.6 G/ TCD 2.9 diesel gas G/ TCD 2.2 hybrid Full-E e
Slide 15: E-DEUTZ strategy – hybrid drive system
E-DEUTZ strategy – hybrid drive system Inverter Battery Combustion engine & Generator Electric motor „Swing Drive“ electric motor E-DEUTZ strategy 28 September 2017 15
Slide 16: E-DEUTZ strategy – know-how-transfer for the core business
E-DEUTZ strategy – know-how-transfer for the core business Indicative applications Features Torqeedo know-how-transfer System architecture E-drive Increased torque Steering competence Engine downsizing 48 and 400 volt know-how (hybrid) – same interfaces Battery expertise – lithium-ion te
Slide 17: E-DEUTZ strategy – summary
E-DEUTZ strategy – summary E- / hybrid solutions Technology leadership System provider Innovation On our way to becoming market leader for innovative drive systems in the off-highway sector E-DEUTZ strategy 28 September 2017 17
Slide 18: E-DEUTZ strategy – roadmap
E-DEUTZ strategy – roadmap Acquisition of Marketable hybrid and Start of rollout, 5-10 % Torqeedo full-electric products first relevant revenue share revenue in 5 years Integration of Torqeedo 2017 2018 2019 2020 2021 Initial capital expenditure of approx. €100 million (incl. acquisition of Torqee
Slide 19: Torqeedo as catalyst for E-DEUTZ strategy
Torqeedo as catalyst for E-DEUTZ strategy ■ Expansion of expertise in hybrid and e-technology ■ Electrification of off-highway applications ■ Best-fit technology depending on application and power requirement ■ Strategic addition to the range of engines Torqeedo will accelerate the implementation
Slide 20: Agenda
Agenda Torqeedo acquisition E-DEUTZ strategy Q&A E-DEUTZ strategy 28 September 2017 20
Slide 21: Disclaimer
Disclaimer Unless stated otherwise, all the figures given in this presentation refer to continuing operations. The details given in this document are based on the information available at the time it was prepared. This presents the risk that actual figures may differ from forward-looking statements.
Slide 22: Thank you very much.
Thank you very much. E-DEUTZ strategy 28 September 2017 22