Grammer Ag · XETR:GMM
Grammer — Investor Presentation (March 2016)
30 slides from Grammer's investor presentation, March 2016
Slide 1: Investor Presentation March & April 2016
Investor Presentation March & April 2016
Slide 2: Corporate Overview
Corporate Overview NG GRAMMER
Slide 3: GRAMMER Group – Key Facts
GRAMMER GROUP – KEY FACTS Leading global player in the automotive and commercial vehicle industry Highlights Key Financials FY 2015 [in € million] Leading manufacturer of innovative interior Group* Automotive Seating systems and components for passenger cars & commercial vehicles Revenues 1,426 1,00
Slide 4: Automotive – Product Portfolio
GRAMMER AUTOMOTIVE – PRODUCT PORTFOLIO Premium interior components for maximum in safety, comfort & functionality Headrests Consoles functional and safety headrestraint systems center consoles & armrests comfort and multimedia headrestraint systems covers & kinematic parts Copyright 2016 GRAMMER AG
Slide 5: Seating Systems – Product Portfolio
GRAMMER SEATING SYSTEMS – PRODUCT PORTFOLIO Highly innovative seating solutions and broad product portfolio for all applications Offroad Truck & Bus Railway agricultural construction truck driver seats railway passenger seats material handling turf care bus driver & passenger seats railway driver se
Slide 6: Long-Term Growth
GRAMMER GROUP – LONG-TERM GROWTH Strong track record of revenue growth Group revenues in € billion – 10 year development: 1.43 1.37 +65% since 2005 +50% since 2010 1.27 CAGR 10-year: 5% CAGR 5-year: 9% 1.13 1.09 1.00 1.01 0.93 0.86 0.89 0.72 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Cop
Slide 7: Strategic Roadmap for Profitable Growth & Value Generation
Strategic Roadmap for Profitable Growth & Value Generation
Slide 8: On the Move
GRAMMER GROUP – ON THE MOVE Our strategic roadmap for driving profitable growth & value generation 1 Driving Regional Growth Global setup, innovative products & strategic acquisitions build crucial basis 2 Driving Innovations for future success Optimized processes and structures for better cost base
Slide 9: Driving Regional Growth
Driving Regional Growth NG GRAMMER
Slide 10: Global Footprint
GRAMMER GROUP – GLOBAL FOOTPRINT Global player on 4 continents with a strong international production & R&D network Europe Locations: 28 Employees: 9,700 Revenues: 970 € m. Asia / Pacific Americas Locations: 6 Locations: 8 Employees: 1,400 Employees: 2,000 Revenues: 210 € m. Revenues: 250 € m. GRAMM
Slide 11: Americas
GRAMMER GROUP – AMERICAS Capacity expansion >50% optimizing our footprint in Americas Cars Trucks Automotive Seating Production units 2015 20.5 mill. 725 k Revenues [€ mill.] 175 75 Market position 5 2 Production units 2020e 22.5 mill. 710 k Chrysler John Deere Top 3 customers VW Bobcat CAGR 2015 -
Slide 12: Europe
GRAMMER GROUP – EUROPE Very strong market position in our home region as basis for global expansion Cars Trucks Automotive Seating Production units 2015 22.9 mill. 570 k Revenues [€ mill.] 650 320 Market position 2 1 Production units 2020e 25.9 mill. 750 k VW Paccar Top 3 customers Daimler CNH CAGR
Slide 13: Asia / Pacific
GRAMMER GROUP – ASIA / PACIFIC GRAMMER is continuing to outperform market growth in Asia Cars Trucks Automotive Seating Production units 2015 45.2 mill. 1,778 k Revenues [€ mill.] 160 50 Market position 4 3 Production units 2020e 54.3 mill. 2,113 k Audi SAIC Top 3 customers BMW Kubota CAGR 2015 - 20
Slide 14: Driving Innovations
Driving Innovations NG GRAMMER
Slide 15: Innovation Roadmap – Mega Trends
GRAMMER GROUP – INNOVATION ROADMAP Mega trends shape interior of tomorrow’s passenger cars & commercial vehicles Industry Mega Trends Key Interior Features Future interior – 3 facts 1 Autonomous 1 Interior as main Driving Decorative Functional differentiation Materials and Surfaces & HMI factor for
Slide 16: Innovation Roadmap – Development Projects
GRAMMER GROUP – INNOVATION ROADMAP Today’s development projects secure our innovative leadership in the future 1 2 3 Interior as main differentiation Interior defines well-being and Massive upgrade & expansion factor for the OEM comfort of driver/passenger of interior functionality Maximum comfort w
Slide 17: Driving Strategic Development
Driving Strategic Development
Slide 18: M&A Strategy
GRAMMER GROUP – M&A STRATEGY Targeted acquisitions to enhance product portfolio and technology Year Company Segment Main Purpose Expansion electronic know-how 100% Acquisition Seating Systems 2011 Development of integrated EiA Electronics, Belgium Offroad Segment seat/armrest systems Additional safe
Slide 19: Driving Profitable Growth
Driving Profitable Growth NG GRAMMER
Slide 20: Profitability Improvement
GRAMMER GROUP – PROFITABILITY IMPROVEMENT 3 main levers to improve profitability and value generation Completion of the majority of the internationalization activities will reduce up-front costs Improved 2017 Optimized plant structures, processes & supply chain 1 Automotive improve manufacturing eff
Slide 21: Business Year 2015
Business Year 2015 NG GRAMMER
Slide 22: Business Year 2015
GRAMMER GROUP – BUSINESS YEAR 2015 Global position reinforced in challenging and volatile market environment Highlights 2015 Group – Revenues & EBIT [in € million] 5th straight year with new sales record +4% 2015 adj. EBIT margin Growth driven by Automotive segment (+11%) 1,426 1,366 4.1% Seating se
Slide 23: Outlook 2016
Outlook 2016 NG GRAMMER
Slide 24: Market Outlook 2016
GRAMMER GROUP – MARKET OUTLOOK 2016 Automotive markets stable. Ongoing uncertainties in commercial vehicle markets Car production – 2015 & Forecast 2016 Truck production – 2015 & Forecast 2016 [in % yoy] [Trucks > 6t, in % yoy] Actual Forecast Actual Forecast 2015 2016 2015 2016 Europe +4% +2% Europ
Slide 25: Outlook 2016
GRAMMER GROUP – OUTLOOK 2016 Further growth and higher profitability expected in 2016 GRAMMER Group – Outlook 2016: GRAMMER expects a continuation of the volatile and challenging market conditions in 2016, particularly in the relevant commercial vehicle markets. However, we are confident of being ab
Slide 26: Backup Information
Backup Information NG GRAMMER
Slide 27: Share Price Development
GRAMMER AG – SHARE PRICE DEVELOPMENT After volatile development in 2015, ongoing recovery in 2016 with high volumes Share price development January 2015 – March 2016 GRAMMER share price [in %] Trading volume per day [in shares] 125% 750,000 105% 500,000 85% 65% 250,000 45% 25% 0 Jan-15 Mar-15 Jun-15
Slide 28: Financial Key Figures
GRAMMER GROUP – FINANCIAL KEY FIGURES 5-year development [IFRS, in € million] 2015 2014 2013 2012 2011 Group Revenue 1,425.7 1,365.9 1,265.7 1,133.0 1,093.5 EBITDA 83.2 93.7 92.3 78.1 76.9 EBITDA-Margin 5.8% 6.9% 7.3% 6.9% 7.0% EBIT 42.7 57.0 58.0 49.0 49.4 EBIT-Margin 3.0% 4.2% 4.6% 4.3% 4.5% Profi
Slide 29: Financial Calendar and IR Contact
GRAMMER GROUP Financial Calendar and IR Contact Financial Calendar 2016 Investor Relations Contact Annual Report 2015: March 30, 2016 Ralf Hoppe VP Investor Relations, Communications, Marketing & Strategic Product Planning Analyst & Press Conference: March 30, 2016 Interim Report Q1/2016: May 09, 20
Slide 30: Legal Disclaimer
GRAMMER GROUP Legal Disclaimer This presentation has been prepared by Grammer AG solely for investor meetings in March and April 2016. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securities iss