BAUER Aktiengesellschaft · HAM:B5A0

BAUER Aktiengesellschaft — H1 2009 Earnings Presentation

32 slides from BAUER Aktiengesellschaft's earnings presentation, Aug 14, 2009

  1. Slide 1: BAUER Aktiengesellschaft Company Presentation first half-year 2009

    BAUER Aktiengesellschaft Company Presentation for the first half-year 2009

  2. Slide 2: Key Figures half-year 2009

    Key Figures half-year 2009 HY 2008 HY 2009 Change in EUR million in EUR million in % Total Group revenues, of which 719.5 681.0 - 5.4 % - Germany 165.2 181.2 + 9.7 % - International 554.3 499.8 - 9.8 % - Construction 337.6 279.4 - 17.2 % - Equipment 365.7 372.3 + 1.8 % - Resources 52.9 71.2 + 34.5 %

  3. Slide 3: Contents

    Contents 1 BAUER Group 2 BAUER Construction / Equipment / Resources 3 German Construction Market 4 Financials first half-year 2009 5 Outlook 6 BAUER share 09-08-14-IR-Presentation_2009 3

  4. Slide 4: BAUER Group

    1 BAUER Group Services, equipment & products dealing with ground and groundwater Construction Equipment  Target ~ 42 % of  Target ~ 42 % of total Group revenues total Group  Global provider revenues for specialist foundation  Market leader engineering and in specialist services in the field of f

  5. Slide 5: History of Bauer

    1 History of Bauer Two centuries of experience 1790 · 1900 · 1902 · 1928 · 1948 · 1956 · 1958 · 1967 · 1969 · 1972 · 1975 · 1976 · 1984 · 1990 · 1992 · 1994 · 1998 · 2001 · 2008 1790 1900-1970 1980-1990 2000-2008 End of 1970’s: Early 1980’s: 4. Jul 2006: FY 2008: Start of Selling of equipment to IPO

  6. Slide 6: Longstanding healthy business development

    1 Longstanding healthy business development Total Group revenues 1980 - 2008 43% Note: 2000 – 2002 based on HGB figures, from 2003 based on IFRS figures 09-08-14-IR-Presentation_2009 6

  7. Slide 7: Leading position in highly specialised markets

    1 Leading position in highly specialised markets Worldwide network in main business segments Permanent Offices: BAUER Maschinen KSM, Construction Kurgan, Russia Equipment Resources BAUER Tianjin Technologies, Tianjin, China BAUER Manufacturing Inc. BAUER Group, new plant Edelshausen near GWE Group,

  8. Slide 8: What is specialist foundation?

    2 What is specialist foundation? Building an excavation pit Supporting Wall Ground Water Underpinning Injection Injection Anchor Pile Foundation Sealing Slab 09-08-14-IR-Presentation_2009 8

  9. Slide 9: What is specialist foundation used for?

    2 What is specialist foundation used for? Applications for infrastructure projects Project portfolio: ~ 50 / 50 infrastructure (Government) / large industrial buildings  very little exposure to residential construction 09-08-14-IR-Presentation_2009 9

  10. Slide 10: Construction

    2 Construction Dubai, UAE - Foundation for Iris Crystal Commercial Tower 09-08-14-IR-Presentation_2009 10

  11. Slide 11: Construction

    2 Construction Florida/Ochechobee, USA - Remediation of Herbert Hoover Dike 09-08-14-IR-Presentation_2009 11

  12. Slide 12: Construction

    2 Construction Schwäbisch Hall, Germany - Excavation pit for Kocherquartier 09-08-14-IR-Presentation_2009 12

  13. Slide 13: Equipment

    2 Equipment Schrobenhausen, Germany - in-house exhibition 09-08-14-IR-Presentation_2009 13

  14. Slide 14: Equipment

    2 Equipment Product range: BG-systems (BG 12 - BG 40), Trench Cutters 09-08-14-IR-Presentation_2009 14

  15. Slide 15: Equipment

    2 Equipment Product range: Other equipment 09-08-14-IR-Presentation_2009 15

  16. Slide 16: Equipment

    2 Equipment Product range: Deep Drilling 09-08-14-IR-Presentation_2009 16

  17. Slide 17: Resources

    2 Resources Materials (Water) 09-08-14-IR-Presentation_2009 17

  18. Slide 18: Resources

    2 Resources Exploration & Mining 09-08-14-IR-Presentation_2009 18

  19. Slide 19: Resources

    2 Resources Environment 09-08-14-IR-Presentation_2009 19

  20. Slide 20: Market environment - Germany

    3 Market environment - Germany German construction market Absolute Figures Change in % 2008 West Germany East Germany May 2009 West- East- 2008/ 2008/ Jan-May/ 2008/ 2008/ Jan-May/ Germany Germany 1994 2007 2009 1994 2007 2009 Employees in 1000 526,3 179,0 -46,7 -0,6 -2,0 -60,0 -2,9 -3,2 Revenues in

  21. Slide 21: Market environment - Trends

    3 Market environment - Trends Orders & US-Dollar exposure Order backlog (Orders in hand) US$ Exposure / Currency Risks HY 2009 Reach in months  Decentralized sales network operating out of in relation to total Europe, Middle East, Far East, America Group revenues with > 100 subsidiaries full year 2

  22. Slide 22: Financial results - Revenues HY 2009

    4 Financial results Revenues HY 2009 in EUR '000 HY 2008 HY 2009 change in % FY 2008 Total Group revenues 719,499 680,997 -5.4% 1,527,185 Sales revenues, Construction 286,358 225,070 -21.4% 584,339 Sales revenues, Equipment 263,880 243,550 -7.7% 601,230 Sales revenues, Resources 44,314 65,148 47.0%

  23. Slide 23: Financial results - Earnings HY 2009

    4 Financial results Earnings HY 2009 in EUR '000 HY 2008 HY 2009 change in % FY 2008 EBITDA 89,080 76,387 -14.2% 228,372 (a) Margin 15.0% 14.3% n/a 17.7% EBIT 63,353 44,863 -29.2% 167,465 (a) EBIT margin 10.7% 8.4% n/a 13.0% EBIT Construction segment 12,846 12,931 0.7% 46,328 (a) EBIT margin, Constr

  24. Slide 24: Financial results - Income statement HY 2009

    4 Financial results Income statement HY 2009 in EUR '000 HY 2008 HY 2009 change in % FY 2008 Consolidated revenues (P&L) 686,870 652,248 -5.0% 1,455,301 Sales revenues (P&L) 594,659 534,018 -10.2% 1,290,810 Material costs 388,522 350,851 -9.7% 815,615 Personnel costs 117,511 130,900 11.4% 250,765 De

  25. Slide 25: Financial results - Balance sheet June 30, 2009

    4 Financial results Balance sheet June 30, 2009 in EUR '000 June 30, 2008 June 30, 2009 change in % Dec 31, 2008 Assets 975,860 1,250,979 28.2% 1,041,543 Intangible assets 14,154 22,636 59.9% 17,815 Property, plant and equipment 264,928 378,261 42.8% 334,636 Long term financial assets 13,314 12,480

  26. Slide 26: Financial results - Cash flow statement HY 2009

    4 Financial results Cash flow statement HY 2009 in EUR '000 HY 2008 HY 2009 change in % FY 2008 Operating cash flow 19,830 -68,350 n/a 120,811 Investing cash flow -42,439 -60,627 42.9% -123,477 Financing cash flow 30,288 137,814 355.0% 6,452 Free Cash Flow -22,609 -128,977 n/a -2,666 Net cash increa

  27. Slide 27: Regional breakdown

    4 Regional breakdown Total Group revenues HY 2009 09-08-14-IR-Presentation_2009 27

  28. Slide 28: Regional breakdown

    4 Regional breakdown Construction, Equipment, Resources HY 2009 Figures after deducting Other/Eliminations/Consolidations 09-08-14-IR-Presentation_2009 28

  29. Slide 29: Outlook 2009

    5 Outlook 2009  Strengths & Chances  Strategic focus on business model with three forward-looking business segments and global presence with flexible, decentralized management organisation proves to be advantageous.  Construction segment is stabilizing segment with considerable number of major pr

  30. Slide 30: BAUER share

    6 BAUER share  Listed on Frankfurt stock exchange, Share performance (since 1st of April) Prime Standard since July 4, 2006 MDAX  Listed in MDAX since September 22, 2008 BAUER AG DAX  Shares issued 17,131,000  Issue price EUR 16.75 Trading volume  Earnings per share 2008 EUR 6.09 (2007 EUR 4.23

  31. Slide 31: BAUER Aktiengesellschaft

    BAUER Aktiengesellschaft ISIN DE0005168108 Reuters B5AG.DE Bloomberg B5A GR Listing Indices MDAX C-DAX GEX Classic All Share Prime All Share Investor Relations BAUER Aktiengesellschaft BAUER-Straße 1 D - 86529 Schrobenhausen Tel.: +49 8252 97-1918 Fax: +49 8252 97-2900 E-mail: bettina.mestenhauser@b

  32. Slide 32: Disclaimer

    Disclaimer This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts, including statements about our beliefs, intentions, expectations, predictions and the assumptions underlying them. These statements are based on factors as they

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