Mbb Se · XETR:MBB
Mbb — MBB Industries — Non-Deal Roadshow (April 2014)
32 slides from Mbb's roadshow presentation, April 2014
Slide 1: Company presentation
Company presentation MBB Industries AG | Berlin Roadshow | April 2014
Slide 2: Company, Growth, Results, Share
Company Growth Results Share 2
Slide 3: MBB – the group of German Mittelstand companies
MBB – the group of German Mittelstand companies MBB stands for Messerschmitt-Bölkow-Blohm MBB stands for long-term, value-driven corporate development Since 1995, MBB has been acquiring and developing small and medium-sized German companies MBB has been listed on the stock exchange since 2006 MBB ge
Slide 4: MBB – the business model
MBB – the business model MBB purchases profitable German Mittelstand companies (SMEs) MBB purchases majority stakes MBB companies remain independent MBB companies benefit from the advantages of a strong group MBB seeks and promotes entrepreneurs MBB finances acquisitions with equity MBB is growing t
Slide 5: Value development
Value development 2005 2013 228 Revenues 37 13.5 Group earnings 1.7 24 Net-Cash -14 23 9.5 Share price in €* in millions of € * since IPO including dividends 5
Slide 6: Company, Growth, Results, Share
Company Growth Results Share 6
Slide 7: MBB – growth paths
MBB – growth paths Organic Buy & Build M&A New Growth through Acquisitions of Acquisitions of investments in our new subsidiaries new companies companies for our companies ■ Hanke: Paper machine ■ DHK automotive GmbH ■ MBB Fertigungstechnik (2013) and HTZ Holztrocknung GmbH (2012) ■ MBB Fertigungste
Slide 8: €250 million planned revenues in 2014
€250 million planned revenus in 2014 MBB Fertigungstechnik Special machinery manufacturer (MBB company since 2012) Delignit Wood based products (MBB company since 2003) 250e DTS IT-Services (MBB company since 2008) Hanke Tissue Tissue products (MBB company since 2006) CT Formpolster Soft foams (MBB
Slide 9: €10 million investment in profitable growth
€10 million investment in profitable growth 22.8 22.7 23.5 22.4 17.9 2009 2010 2011 2012 2013 2014e Revenues in millions of € 9
Slide 10: DTS – Buy & Build growth and focus on cloud business
DTS – Buy & Build growth and focus on cloud business >34e 32.7 DC Hamburg 2014 28.2 Bremen 22.1 2009 19.8 Hannover 2009 DC Münster 2010 Berlin 2012 DC Herford 1983 Bochum 2008 2009 2010 2011 2012 2013ᵉ 2014ᵉ Revenues in millions of € Stuttgart 2011 Datacenter Sales- /Service-Office Distribution 10
Slide 11: New contracts and investments – Delignit on growth track
New contracts and investments – Delignit on growth track New contracts 2013 > 40 35,3 Transporter flooring OEM 1st tier SOP 2014 34.1 30.6 Transporter flooring OEM 2nd tier SOP 2014 25.7 22.4 Concrete stone plates project 2014 Intermediate floor high speed train SOP 2015 2009 2010 2011 2012 2013 201
Slide 12: Acquisition of DHK and HTZ – Delignit enters the OEM car market
Acquisition of DHK and HTZ – Delignit enters the OEM car market Buy & build acquisitions 2013 New capabilities for Delignit DHK automotive GmbH, Oberlungwitz Direct supplier for car interior with major HTZ Holztrocknung GmbH, Oberlungwitz German automotive-OEMs up to premium segment Acquisition of 1
Slide 13: MBB Fertigungstechnik – business areas
MBB Fertigungstechnik – business areas Automotive Further Camshafts Aviation Agricultural Chassis technology Steering column Household and sensors appliances 13
Slide 14: MBB Fertigungstechnik – worldwide references
MBB Fertigungstechnik – worldwide references Automotive Locations General Industries Production facilities Installed machinery Service/partner 14
Slide 15: Market development global automotive industry – prognosis 2012 to 2020
Market development global automotive industry – prognosis 2012 to 2020 Total 2012: 60 million PV & LCV produced Total 2020: 92 million PV & LCV produced 24 x 1,3 19 x 1,2 18 33 15 18 Europa & CIS North 4 x 1,8 America x 2,8 11 China India x 1,5 4 6 South South Africa America Current market (2012) x
Slide 16: MBB Fertigungstechnik also located in China since 2013
MBB Fertigungstechnik also located in China since 2013 MBB Fertigungstechnik GmbH MBB Technologies (China) Ltd. Beelen (Münsterland region) Changzhou (Jiangsu) Since 1992 Since 2013 300 employees 17 employees 18,000 square meter assembly area 3,000 square meter assembly area 2,000
Slide 17: The show must go on
„The show must go on“ Acquisition opportunities per month ■ 270 opportunities in the last twelve months ■ 81 companies analysed ■ Purchase price expectations raised significantly ■ MBB attractive as a potential buyer due to many years of positive references financial independence strategic int
Slide 18: €300 million revenues in 2015
€300 million revenues in 2015 in millions of € >300 >250 228 199 205 114 110 100 81 63 37 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014ᵉ 2015ᵉ 18
Slide 19: Company, Growth, Results, Share
Company Growth Results Share 19
Slide 20: MBB annual revenues
MBB annual revenues in millions of € 228 205 yoy + 11.4% 2012 2013 20
Slide 21: MBB group earnings
MBB group earnings in millions of € 13.4 13.5 yoy + 0.2% 2012 2013 EPS in € 2.08* 2.09 * Adjustment after first-time application of the amended IAS 19 leads to €13.6 million or €2.11 21
Slide 22: Positive quarterly trend
Positive quarterly trend EPS in € 0.67 0.62 0.52 0.51 0.49 0.47 0.49 0.40 0.31 0.29 0.21 0.23 0.21 0.13 0.14 0.14 0.11 0.06 0.08 0.04 0.02 -1.44* Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2008 2009 2010 2011 2012 2013 * One time write-off of €1.42 Cildro SA 22
Slide 23: Soundness succeeds
Soundness succeeds in millions of € 177 177 68 Equity (38%) 78 Other liabilities (44%) 55 Cash* (31%) 31 Financial liabilities (18%) Assets Equity and liabilites As of 31 December 2013 23 * Liquidity & securities & gold
Slide 24: Dividend increases continually
Dividend increases continually in € per share 0.50 0.25 0.50 0.55 CAGR + 28% 0.44 0.33 0.25 0.25 0.25 0.10 2006 2007 2008 2009 2010 2011 2012 2013 IPO 2x 24
Slide 25: Company, Growth, Results, Share
Company Growth Results Share 25
Slide 26: MBB share
MBB share 320% MBB Industries AG 300% MDAX 3Y + 263% 280% SDAX 260% DAX 240% Prime All Share 220% 200% 180% 160% 140% 120% 100% 80% 60% 40% 20% 0% -20% M 11 M 11 J 11 S 11 N 11 J 12 M 12 M 12 J 12 S 12 N 12 J 13 M 13 M 13 J 13 S 13 N 13 J 14 M 14 26
Slide 27: Increasing liquidity in MBB shares in 2013
Increasing liquidity in MBB shares in 2013 Freefloat 24,3% 26% Own shares in millions of € 7 2% 6 5 4 3 2 1 73,5% 71% 0 MBB Capital Group J 12 J 12 A 12 S 12 N 12 J 13 F 13 A 13 J 13 J 13 A 13 S 13 N 13 J 14 F 14 O 12 D 12 M 13 M 13 O 13 D 13 (founders) Market capitalization of freefloat: Order book
Slide 28: MBB: 4 x BUY
MBB: 4 x BUY Close Brothers Seydler March 2014 € 27 BUY SRH Alster Research March 2014 € 30 BUY Hauck & Aufhäuser March 2014 € 31 BUY WGZ Bank Research March 2014 € 29 BUY 28
Slide 29: Continuity
OVER 1,000 EMPLOYEES €300 MILLION IN REVENUE EXPERIENCE ASSETS GROWTH DIVIDEND NET CASH DIVERSIFICATION REFERENCES CONTINUITY REPUTATION CASH FLOW 29
Slide 30: Financial calendar
FINANCIAL CALENDAR Annual Report 2013 30 April 2014 Interim Report for Q1 30 May 2014 Annual Meeting 2014 30 June 2014 Half-Year Report 2014 29 August 2014 „German Equity Forum“ 24 – 26 November 2014 Interim Report for Q3 28 November 2014 End of fiscal Year 31 December 2014 30
Slide 31: Disclaimer
DISCLAIMER The information in this presentation is not an offer for sale or request to submit a bid to purchase or subscribe to shares of MBB Industries AG shares; it is for information purposes only. German legal framework The information in this presentation is intended solely for persons who have
Slide 32: Contact
Contact MBB MBB Industries AG Joachimstaler Straße 34 D-10719 Berlin Tel: 030-844 15 330 Fax: 030-844 15 333 Mail: request@mbb.com Web: www.mbb.com Print: CEWE Stiftung & Co. KGaA, www.anders-drucken.com