Aumann AG · XETR:AAG
Aumann — Commerzbank Sector Conference 2019
24 slides from Aumann's conference presentation, Aug 28, 2019
Slide 1: Aumann AG
Aumann AG A global leader in modular machines for E-mobility Commerzbank Sector Conference | 28 August 2019 0
Slide 2: From vision to product
From vision to product Automated manufacturing equipment for complex 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 +29% p.a. 291 c. 1,3501) highly skilled professionals 240 - 260 210 156 6 locations in Germany, C
Slide 4: 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/assembly of Assembly of Winding/assembly of stator and/or rotor modules, packs, fuel cells E-auxiliary systems E-mobility 3
Slide 5: Aumann has the ideal capabilities, industry experience and corporate setup
Aumann has the ideal capabilities, industry experience and corporate setup Technological E-mobility Corporate setup leadership focus and workforce Exclusive Decades of 6 locations in winding automotive Europe, China, technologies focus USA Highest Experience with Relationships to degree of large ord
Slide 6: Political and economic uncertainties weigh on automotive industry
Political and economic uncertainties weigh on automotive industry Selected vehicle sales / registrations* Effects on automotive industry in million Overcapacity -14.0% 11.5 -3.1% 9.9 Suspension of investments 8.4 8.2 Project postponements, stops, cancellations Cost savings programs China EU HY1 2018
Slide 7: Key facts of HY1 2019
Key facts of HY1 2019 Aumann is weathering a considerably tense market environment Order intake suffers from current market environment and drops to 86.1 € million Revenues slightly up to 133.5 € million with an increased E-mobility share of 42.4 % Cost sensitivity of customers burdens EBIT evolutio
Slide 8: Automotive OEMs and Tier-1 suppliers hesitate to invest
Automotive OEMs and Tier-1 suppliers hesitate to invest Total order intake Order intake share development in € million in % -35.0% 132.5 52.8 86.1 40% 38.0 44% HY1 2018 HY1 2019 56% 60% 79.6 48.2 HY1 2018 HY1 2019 E-mobility Classic 7
Slide 9: E-mobility revenue share increases and compensates Classic revenues
E-mobility revenue share increases and compensates Classic revenues Total revenues Revenue share development in € million in % +0.1% 133.4 133.5 48.8 56.6 37% 42% HY1 2018 HY1 2019 58% 84.6 76.9 63% HY1 2018 HY1 2019 E-mobility Classic 8
Slide 10: E-mobility revenues grow despite deteriorating market environment
E-mobility revenues grow despite deteriorating market environment E-mobility revenues Classic revenues in € million in € million +16.0% -9.1% 56.6 84.6 76.9 48.8 HY1 2018 HY1 2019 HY1 2018 HY1 2019 9
Slide 11: EBIT margin suffers from current market environment
EBIT margin suffers from current market environment Total EBIT (adj.) Segment EBIT (adj.) in € million and in % of revenues in € million and in % of revenues 11.7% 8.6% 8.9% 8.1% -26.3% 15.6 6.2 5.0 6.7 11.5 5.0 8.7 6.2 HY1 2018 HY1 2019 E-Mobility Classic E-mobility Classic 10
Slide 12: Adjusted company guidance and HY1 2019 run rate
Adjusted company guidance and HY1 2019 run rate Total revenues and guidance Total EBIT and guidance in € million in € million 240 - 260 16 - 22 133.5 11.5 HY1 2019 2019 Guidance HY1 2019 2019 Guidance 11
Slide 13: A strong balance sheet is a solid support in this challenging environment
A strong balance sheet is a solid support in this challenging environment Balance sheet 30 June 2019 in € million 316.9 316.9 Non-current 83.9 assets* 201.7 Equity 64% Current assets** 145.3 46.6 Non-current liabilities 87.7 Cash*** 64.6 68.6 Current liabilities Net Cash Assets Equity & Liabilities
Slide 14: Our roadmap
Our roadmap Managing economic and automotive specific uncertainties Stabilizing through focus on sales, operational performance and capacity management Continuing research and development in E-mobility technologies Expanding further in Asia and NAFTA with focus on E-mobility Investigating M&A opport
Slide 15: No matter who will prevail in the E-mobility revolution, they will need Aumann's machines
No matter who will prevail in the E-mobility revolution, they will need Aumann’s machines for electric mobility manufacturing www.aumann.com 14
Slide 16: Financial calendar
Financial calendar Half-year Report 2019 23 August 2019 Commerzbank Sector Conference (Frankfurt, Germany) 28 August 2019 Interim Report Q3 2019 14 November 2019 Berenberg/Goldman Sachs Conference (Munich, Germany) 23 September 2019 German Equity Forum (Frankfurt, Germany) 25 November 2019 Berenberg
Slide 17: Contact
Contact Aumann AG Dieselstr. 6 48361 Beelen Germany www.aumann.com Investor Relations Tel.: +49 2586 888 7807 Fax: +49 2586 888 7805 Email: ir@aumann.com 16
Slide 18: Appendix
Appendix @ aumann 17
Slide 19: The historical roots of Aumann
The historical roots of Aumann 2006 Acquisition of ATS Berlin 1936 Foundation 2009 First e-drivetrain project Aumann GmbH ▸ E-mobility focus 2015 ▸ E-mobility references Becomes part of 2016 2017 2017 MBB group Aumann AG IPO Acquisition ▸ Winding technology of USK 2012 First cooperation MBB Fertigun
Slide 20: Aumann offers 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 21: Aumann machines serve increasing electrification trend
Aumann machines serve increasing electrification trend Autonomous driving E-on-demand Safety Comfort E-steering system E-water pump E-brake assistant E-seat adjustment E-parking/wheel sensor E-immobilizer E-AB system E-aircondition E-radar sensor E-turbo E-seat belt E-suspension 20
Slide 22: Fuel cells as an additional long-term solution for E-mobility
Fuel cells as an additional long-term solution for E-mobility Increasing interest in fuel cell technology Paired with Aumann expertise Audi puts focus on development and construction of FC-vehicles s Audi plans to increase focus on vehicles with fuel cell technology. The 1 Cell Generation company ta
Slide 23: 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 > 370 employees Partial retargeting of sales
Slide 24: 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