Slide 1: Half-Year Results 2023
Half-Year Results 2023 MBB SE 15 August 2023
Slide 2: MBB offers long-term succession solutions to sustainable Mittelstand companies
MBB offers long-term succession solutions to sustainable Mittelstand companies Family business Capital Markets Founded in 1995 and family-owned Extraordinary growth and value for the long term enhancement potential on the capital market Long-term focus Sustainability Long-term investment horizon wit
Slide 3: Three growth figures of the first half-year
Three growth figures of the first half-year +26% +29% 318 119 +50% 252 48 92 32 H1/22 H1/23 H1/22 H1/23 H1/22 H1/23 Order intake Revenues Revenues in €m in €m in €m 3
Slide 4: Energy transition and IT security are the driving forces behind the S&I Segment
Energy transition and IT security are the driving forces behind the S&I Segment Energy infrastructure for the energy transition IT security for the German Mittelstand Record-level order backlog of €467m driven by Lower revenues y-o-y after unusually strong first continued very strong market dynamics
Slide 5: Growing investment in automation and strong demand for renewable products drive TA Segment
Growing investment in automation and strong demand for renewable products drive TA Segment Automation solutions for E-mobility System solutions from ecological raw materials Strong order backlog of €313m exceeding the Very strong revenue growth driven by resilient LCV €300m mark for the first time i
Slide 6: Inflation pressures meet moderate demand in CG Segment
Inflation pressures meet moderate demand in CG Segment Tissue products Mattresses for e-commerce Revenue growth mainly driven by inflation Revenue growth driven by both inflation and effects demand effects, but expectation for H2 lower Energy and material price volatility is lowering Profitability s
Slide 7: The lower EBITDA in S&I was partly compensated by stronger EBITDA in TA segment
The lower EBITDA in S&I was partly compensatated by stronger EBITDA in TA sgement Revenue and adj. EBITDA in €m Service & Technological Consumer Infrastructure Applications Goods +7% 208 193 +22% 167 137 +10% 30 48 52 20 13 5 3 0 H1/22 H1/23 H1/22 H1/23 H1/22 H1/23 7
Slide 8: In the second quarter, margins improved in two segments but not as strongly as expected
In the second quarter, margins improved in two segments but not as strongly as expected Adj. EBITDA margin in % Service & Technological Consumer Infrastructure Applications Goods 9% 10 % 7% 8% 1% Q1/23 Q2/23 Q1/23 Q2/23 -1 % Q1/23 Q2/23 8
Slide 9: In total, revenues were significantly higher but profitability lower than previous year
In total, revenues were significantly higher but profitability lower than previous year Revenue Adj. EBITDA +13% 10.0% 7.5% 427 + 49 % 378 -16 % 38 32 H1/22 H1/23 H1/22 H1/23 in €m in €m 9
Slide 10: For 2023, MBB still expects revenues of €850-900 million but slightly lowered its EBITDA forecast
For 2023, MBB still expects revenues of €850-900 million but slightly lowered its EBITDA forecast Revenue Adj. EBITDA 10 % 9-11% 8-10% 896 900 93 850 H1 2022 Forecast 2022 Forecast Forecast 2023 2023 II 2023 in €m in €m 10
Slide 11: MBB's balance sheet remains very strong
MBB's balance sheet remains very strong Balance sheet as at 30 June 2023 in €m 1,131 1,131 Fixed assets** 307 763 Current assets** (69%) Equity 378 446 Cash* 73 Financial liabilities thereof €332m Net Cash 373 in MBB SE Net Cash 296 Other liabilities Aktiva Passiva * Liquidity & Securities & Gold **
Slide 12: In 2023, MBB paid a dividend of €1 per share and purchased own shares for €7m
In 2023, MBB paid a dividend of €1 per share and purchased own shares for €7m Dividend payments per share in € cents 198 176 €5.7m 99 132 Dividend 2023 122 88 €1.00 per share 66 61 €7.0m 50 99 100 88 25 69 70 59 61 66 50 55 57 33 44 Share buyback 2023 25 25 25 completed IPO 10 2006 2008 2010 2012 20
Slide 13: Valuations of private companies lag public valuations but MBB's position is improving
Valuations of private companies lag public valuations but MBB’s position is improving EV/EBITDA NTM forecast median - GER small- Improvement of MBB‘s position caps Last 5 years Rising interest rates 13,5 x lead to increased borrowing costs and challenges in raising capital for private equity firms Ø
Slide 14: A large part of the value of MBB is transparent
A large part of the value of MBB is transparent Sum-of-the-parts in €m* 332 205 Market capitalization Holding Fair Cash Value * Market capitalization of listed companies as per 15 August 2023; holding cash as per 30 June 2023 14
Slide 15: Questions & Answers
Questions & Answers Constantin Mang CEO 15
Slide 16: 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 16
Slide 17: 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 18: MBB.COM
MBB.COM