Aumann AG · XETR:AAG
Aumann — HAIB Stockpicker Summit 2019
26 slides from Aumann's conference presentation, May 2019
Slide 1: Aumann AG: A global leader in modular machines for E-mobility
Aumann AG A global leader in modular machines for E-mobility HAIB Stockpicker Summit | May 2019 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 +46% p.a. 291 c. 1,3501) highly skilled professionals 210 156 6 locations in Germany, China and U
Slide 4: Selected highlights Q1 2019
Selected highlights Q1 2019 Highest first quarter revenues ever despite challenging market environment Satisfactory double-digit group EBIT margin E-mobility EBIT share above 50% Promising order pipeline contrasted by hesitant Q1 order placement Growing interest in fuel cell technology from automoti
Slide 5: Technological parity expected to be reached by 2030
Technological parity expected to be reached by 2030 Three factors put electric vehicles on the road Expected global car sales by fuel source 91 98 105 109 120% Technology push 5% 7% 100% 24% 80% 48% 60% 95% 93% 40% 76% Consumer 52% pull 20% 0% Regulatory push 2017 2020 2025 2030 ICE* E-mobility ** V
Slide 6: 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 5
Slide 7: Aumann has a 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 Exclusive Decades of ~ €300 million winding automotive revenue technologies focus Highest 6 locations in Relationships to degree of Europe, Chin
Slide 8: 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 9: Close partnerships with blue chip customers enable Aumann's 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 10: Revenues and EBIT are expected to grow slightly in 2019
Revenues and EBIT are expected to grow slightly in 2019 Total revenues EBIT (adj.) in € million in € million slight slight growth growth 290.8 29.3 210.4 21.0 19.3 156.0 2016A 2017A 2018A 2019FC 2016A 2017A 2018A 2019FC 9
Slide 11: Hesitant order placement in Classic leading to weak total order intake
Hesitant order placement in Classic leading to weak total order intake Total order intake Classic order intake in € million in € million -30.6 -23.4 72.4 40.9 31.5 41.8 17.5 24.3 40.9 17.5 Q1 2018 Q1 2019 Q1 2018 Q1 2019 E-mobility Classic 10
Slide 12: Solid group revenue growth with E-mobility as main driver
Solid group revenue growth with E-mobility as main driver Total revenues E-mobility revenues in € million in € million +6.6% +35.0% 67.4 26.7 63.2 19.7 26.7 19.7 43.5 40.7 Q1 2018 Q1 2019 Q1 2018 Q1 2019 E-mobility Classic 11
Slide 13: Double-digit operating margins
Double-digit operating margins Total EBIT (adj.) E-mobility EBIT (adj.) in € million and in % of revenues in € million and in % of revenues 11.9% 10.2% 14.2% 13.1% -9.0% +24.7% 7.5 3.5 6.8 2.8 2.8 3.5 4.7 3.3 Q1 2018 Q1 2019 Q1 2018 Q1 2019 E-mobility Classic 12
Slide 14: E-mobility share above 50% for the first time in Q1 2019
E-mobility share above 50% for the first time in Q1 2019 Segment EBIT (adj.) EBIT (adj.) share development in € million and in % of revenues in % 13.1% 8.1% 3.5 3.3 38% Q1 2018 49% Q1 2019 51% 62% E-Mobility Classic E-mobility Classic 13
Slide 15: A strong balance sheet allows further investments into Aumann's growth
A strong balance sheet allows further investments into Aumann’s growth Balance sheet 31 March 2019 in € million 328.4 328.4 Non-current assets* 81.9 201.8 Equity 61% Current assets** 143.4 46.5 Non-current liabilities 103.0 Cash*** 78.8 80.0 Current liabilities Net Cash Assets Equity & Liabilities *
Slide 16: We have made significant progress on strategic roadmap to market leadership
We have made significant progress on strategic roadmap to market leadership ▸ Stabilising for further strong growth Ramp-up ▸ Grow and integrate skilled work force capacity ▸ Expand shop floor, IT hardware, licenses and projects ▸ Managing political, economic and Expand automotive specific uncertain
Slide 17: 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 16
Slide 18: Financial calendar
Financial calendar Interim Report Q1 2019 15.05.2019 Annual General Meeting 06.06.2019 Half-year Report 2019 15.08.2019 Interim Report Q3 2019 14.11.2019 17
Slide 19: Conferences
Conferences HAIB Stockpicker Summit (Madrid, Spain) 16 May 2019 Berenberg US Conference (Tarrytown, USA) 21 May 2019 Commerzbank Sector Conference (Frankfurt, Germany) 28 August 2019 Berenberg/Goldman Sachs Conference (Munich, Germany) 23 September 2019 German Equity Forum (Frankfurt, Germany) 25 No
Slide 20: Contact
Contact Aumann AG Dieselstr. 6 48361 Beelen Germany www.aumann.com Investor Relations Tel.: +49 2586 888 7807 Fax: +49 2586 888 7100 Email: ir@aumann.com 19
Slide 21: Appendix
Appendix @ aumann 20
Slide 22: 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 23: Aumann – 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 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 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 Addressable market Automation Consumer Industry 4.0 electrics Energy efficiency Industrial Automation Industry 4.0 Source: Compa
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