Aumann AG · XETR:AAG
Aumann — Berenberg European Conference 2018
26 slides from Aumann's conference presentation, December 2018
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 | December 2018 0
Slide 2: From vision to product
From vision to product Automated manufacturing equipment for various applications 1
Slide 3: Aumann at a glance
Aumann at a glance Right business Right capabilities Strong growth Fully automated E-mobility 80 years of winding experience Revenue2) production lines … in million € 30 years partner of automotive OEMs +30% p.a. > 300 c. 1,2801) highly skilled professionals 210 156 6 locations in Germany, China and
Slide 4: Key highlights of Aumann
Key highlights of Aumann 1 Strong growth due to E-mobility revolution in the automotive industry 2 Exclusive winding technologies in combination with deep automation know-how 3 Decades of automotive experience and trusted relationships with OEMs 4 Profitable and asset-light growth with good visibili
Slide 5: An E-mobility revolution is underway
An E-mobility revolution is underway Three factors put electric vehicles on the road Serving the automobile trends of tomorrow Technology push E-on-demand Safety Autonomous driving Comfort Consumer pull Regulatory push * Electric vehicles including hybrids; Source: IHS 4
Slide 6: Increasingly strong impulses towards E-mobility
Increasingly strong impulses towards E-mobility Strong momentum from OEMs Typical design and order process for Aumann 80 electric models by 2025 and €44 billion Capex* OEM develops product design 25 electrified and 12 all-electric models by 2025 All car models to be electric or hybrid from 2019 Join
Slide 7: Aumann automates the manufacturing of E-mobility production
Aumann automates the manufacturing of E-mobility production Electric motor/traction module Energy storage/conversion Electrification Winding of Assembly of Winding/assembly of stator and/or rotor modules, packs, fuel cells E-auxiliary systems E-mobility 6
Slide 8: Unique combination of capabilities, industry experience and corporate setup
Aumann has a unique combination of capabilities, industry experience and corporate setup Technological E-mobility Corporate leadership focus setup and size > 300m Exclusive Decades of > €300 million winding automotive revenue 2018FC technologies focus Highest 6 locations in Relationships to degree o
Slide 9: USK as integral part of Aumann right from the start
USK as integral part of Aumann right from the start 2017 2018 2019 Engineering & delivering capacities Capacity balancing between sites Finalization of integration €70 million turnover First orders shifted to USK in 2017 Step-wise integration of processes and IT > 370 employees Partial retargeting o
Slide 10: Close partnerships with blue chip customers enable E-mobility growth
Close partnerships with blue chip customers enable Aumann’s E-mobility growth Longstanding customer …leading to an accelerated E-mobility business relationships… Indicative cumulative orders last 25 years Automotive E-bike > € 460m E-mobility Relationship since 1990 segment customers > € 400m Relati
Slide 11: Qualified employees are Aumann's key to success
Qualified employees are Aumann's key to success Gaining talents Training successfully Retaining the best Strong employer brand Highly demanded training programs Rewarding performance Successful internal headhunters Tailored curriculum Attractive working time models Regional cooperations Above averag
Slide 12: On track for growth in 2018
On track for growth in 2018 Total revenues in € million > 300 210 CAGR +30% 156 122* 96 93 2014A 2015A/ 2016A 2017 2018 FC *2015 as-if 11
Slide 13: In the first nine months 2018, Aumann grew at all levels
In the first nine months 2018, Aumann grew at all levels Revenues Order intake in € million in € million +51% 212.0 +51% 204.1 78.4 74.9 140.3 135.3 40.3 51.1 133.7 129.2 100.0 84.2 Q1-3 2017 Q1-3 2018 Q1-3 2017 Q1-3 2018 E-mobility Classic 12
Slide 14: In the first nine months 2018, profitability has further increased
In the first nine months 2018, profitability has further increased EBIT (adj.) Segment EBIT (adj.) Q1-3 2018 EBIT-Margin (adj.) in € million in € million in % +58% 23.7* EBIT- Margin 13.5% 9.6% 10.6 15.0 12.9 4.7 10.6 13.5% 11.2% 12.9 9.6% 10.2 Q1-3 2017 Q1-3 2018 E-Mobility Classic Q1-Q3 2018 Q1-Q3
Slide 15: We are currently on track
We are currently on track EBIT (adj.) in € million and in % of revenues 11% 12%* 12% 10% 28 - 31 CAGR +26% 21.0 19.3 12.4* 10.5 11.0 2014A 2015A / as if 2016A 2017A 2018 FC 2015A / *2015 as-if EBIT margin 2015 is not as-if; EBIT until 2016 is adjusted for management fees to majority shareholder; EBI
Slide 16: A strong balance sheet allows further investments into growth
A strong balance sheet allows further investments into Aumann’s growth Balance sheet 30 September 2018 in € million 319.0 319.0 Non-current assets 79.5 193.0 Equity (61%) Current assets** 150.5 Cash* 89.0 102.0 Other liabilities 64.9 Net Cash Bank liabilities 24.1 Assets Equity & Liabilities * Liqui
Slide 17: Significant progress on strategic roadmap to market leadership
We have made significant progress on strategic roadmap to market leadership ▸ Grow skilled work force 1,280 Ramp-up +13,000 m² ▸ Expand shop floor capacity ▸ IT hardware, licenses and projects 2019 ▸ Expand facility in China Ongoing Expand ▸ Build up of USA/NAFTA activities Ongoing globally ▸ Furt
Slide 18: They will need Aumann's machines for electric mobility manufacturing
No matter who will prevail in the E-mobility revolution, they will need Aumann’s machines for electric mobility manufacturing www.aumann-ag.com 17
Slide 19: Financial Calendar
Financial Calendar End of fiscal year 31 December 2018 Ad-hoc preliminary figures 2019 and guidance 2019 28 February 18
Slide 20: Contact
Contact Aumann AG Dieselstr. 6 48361 Beelen Germany Tel.: +49 2586 888 7800 Fax: +49 2586 888 7805 www.aumann-ag.com info@aumann-ag.com 19
Slide 21: Appendix
Oaumann Appendix
Slide 22: Highly automated production technologies for traction motors
Aumann offers highly automated production technologies for traction motors Thin wire Thick/flat wire Conventional Distributed Conventional Continuous Insertion Needle Winding Hairpin Hairpin Indirect winding Direct winding Assembly Winding / Assembly Lower automation High automation High automation
Slide 23: Serving the automobile trends of tomorrow
Aumann – serving the automobile trends of tomorrow Autonomous driving E-on-demand Safety Comfort E-steering system E-water pump E-brake assistant E-seat adjustment Parking/wheel sensor E-immobilizer E-AB system E-aircondition Radar sensor E-turbo E-seat belt E-suspension 22
Slide 24: The historical roots of Aumann
The historical roots of Aumann 2006 Acquisition of ATS Berlin 1936 Foundation 2009 First e-drivetrain project ▸ E-mobility focus 2017 2015 ▸ E-mobility references Becomes part of Acquisition ▸ Winding technology MBB group of USK 2012 First cooperation 2013 2017 Set up of presence in IPO ▸ Automation
Slide 25: Key markets and growth dynamics
Key markets and growth dynamics Industry Importance CAPEX for Aumann dynamic E-mobility1) E-mobility revolution Automotive Classic Emission automotive reduction Automation Adressable market Automation Consumer Industry 4.0 electrics Energy efficiency Industrial Automation Industry 4.0 Source: Compan
Slide 26: 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