Bertrandt Ag · XETR:BDT
Bertrandt — Investor Day (May 2014)
29 slides from Bertrandt's investor day presentation, May 14, 2014
Slide 1: 9th Capital Market Day: Comment on first half FY 2013/2014
9th Capital Market Day Comment on first half FY 2013/2014 Dietmar Bichler, CEO Ehningen, Mai 14th, 2014
Slide 2: Agenda
Agenda 1. Business conditions 2. Market conditions for Bertrandt 3. Key figures for the first half of fiscal year 2013/2014 4. Outlook 9th Capital Market Day | Bertrandt AG, Mai 2014 2014-05 | BI 1
Slide 3: Business conditions − positive global trend
Business conditions − positive global trend Continuing global economic recovery in 1st quarter of 2014 as predicted Economic data and various sentiment indicators show increasing dynamics of global economic expansion Impulses especially from developed countries, where economies had gained mome
Slide 4: Automotive industry − growth in all major markets predicted
Automotive industry − growth in all major markets predicted 90 Car sales (millions of units) actual estimated World | CAGR +6% 80 70 World | CAGR +3% 60 50 BRIC | CAGR +5% 40 BRIC | CAGR +14% 30 20 EU | CAGR 5% EU | CAGR -4% NAFTA | +2% 10 NAFTA | -2% 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2
Slide 5: Civil aviation − continuing fleet expansion and modernization
Civil aviation − continuing fleet expansion and modernization 40000 40,000 Fleet in service 36,556 35000 35,000 30000 30,000 18,817 Growth 25000 25,000 Demand for over 29,200 new aircraft 20000 20,000 17,739 15000 15,000 10,409 Replaced 10000 10,000 5000 5,000 Stay in service & 7,330 Converted 0 201
Slide 6: Technological key sectors − sustained upward trend
Technological key sectors − sustained upward trend Ifo 25 Business Climate Index Germany (Balances, seasonally adjusted) Manufacturing industry 20 Industrial economy 15 10 5 0 Source: CESifo Group Munich 9th Capital Market Day | Bertrandt AG, Mai 2014 2014-05 | BI 5
Slide 7: Agenda
Agenda 1. Business conditions 2. Market conditions for Bertrandt 3. Key figures for the first half of fiscal year 2013/2014 4. Outlook 9th Capital Market Day | Bertrandt AG, Mai 2014 2014-05 | BI 6
Slide 8: Model diversity increases − 44 new models within the next five years
Model diversity increases − 44 new models within the next five years Automotive 350 340 337 44 new models without predecessor 331 330 323 320 310 306 300 293 290 280 270 2014 2015 2016 2017 2018 Source: Internal calculation | Series including derivatives (Station Wagon, Coupe etc.), no facelifts, no
Slide 9: Technology drivers intact - key issues in the automotive industry by 2025
Technology drivers intact - key issues in the automotive industry by 2025 Downsizing and Automotive Increasing use of platforms & optimization of the Market growth in standardization of modules internal combustion emerging markets engine (ICE) Fuel cell e-mobility 78% 85% 76% 69% European production
Slide 10: Outsourcing trend continues - importance of value networks increases
Outsourcing trend continues - importance of value networks increases Automotive System suppliers and Engineering service providers will capture additional value creation until 2019 Δ +13% +11% +7% +2% +1% 0% System suppliers 17% 29% & 42% Engineering service 55% 59% providers 66% 82% 84% 83% 84% 8
Slide 11: Growing tourism and internationalisation will stimulate demand
Growing tourism and internationalisation will stimulate demand Civil aviation Sustainability and comfort characterize technological development trends Aerodynamic redesign of the hull Alternative materials and structures for weight reduction New engine technologies for reduced fuel consumpti
Slide 12: „Made in Germany“ remains a global brand for innovation and quality
„Made in Germany“ remains a global brand for innovation and quality Industry Technological key industries benefit from global recovery German exports forecast 2014: +1.5% Industrial trends imply various potentials Aging society Industry 4.0 Energy revolution Smart Grid Industry forec
Slide 13: Agenda
Agenda 1. Business conditions 2. Market conditions for Bertrandt 3. Key figures for the first half of fiscal year 2013/2014 4. Outlook 9th Capital Market Day | Bertrandt AG, Mai 2014 2014-05 | BI 12
Slide 14: Bertrandt with a successful first half of the year
Bertrandt with a successful first half of the year Positive development in sales and earnings EBIT margin remained on a good level at 9.9 percent Staff increased by 366 new colleagues since 30/09/2013 to 11,195 employees Success factors High customer orientation Broad and deep range of s
Slide 15: Development revenues
Development revenues +10.3% Revenues* − 414.0 Half-year figures (EUR million) 375.4 342.0 267.8 194.6 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 *Financial indicators refer to the group 9th Capital Market Day | Bertrandt AG, Mai 2014 2014-05 | BI 14
Slide 16: Development EBIT
Development EBIT +10.8% EBIT* − 41.1 41,1 Half-year figures (EUR million) 36.3 37.2 37,2 36,3 27.9 27,9 19.9 19,9 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 EBIT margin 10.2% 10.4% 10.6% 9.9% 9.9% *Financial indicators refer to the group 9th Capital Market Day | Bertrandt AG, Mai 2014 2014-05
Slide 17: Development EAT
Development EAT EAT* − Half-year figures +8.3% (EUR million) 28.7 28,7 26.0 26.5 26,5 26,0 19.9 19,9 15.3 15,3 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 *Financial indicators refer to the group 9th Capital Market Day | Bertrandt AG, Mai 2014 2014-05 | BI 16
Slide 18: Development expenses
Development expenses Expenses* − Half-year figures (EUR million) Personalaufwand Materialaufwand Other betriebliche Sonstige operating Personnel expenses Material expenses expenses Aufwendungen +11.5% 299.6 299,6 268.6 268,6 +2.6% +4.8% 31.1 31,1 31.9 31,9 35.4 35,4 37.1 37,1 2012/2013 2013/2014 201
Slide 19: Development equity
Development equity Equity* − Half-year figures (EUR million) +17.9% 245.7 245,7 208.4 208,4 175.2 175,2 144.3 144,3 119.4 119,4 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 Equity ratio 56.3% 57.8% 55.1% 58.7% 60.0% *Financial indicators refer to the group 9th Capital Market Day | Bertrandt AG,
Slide 20: Development capital spending
Development capital spending Capital spending* − Half-year figures (EUR million) +46.9% 23.9 23,9 21.6 21,6 14.7 14,7 11.1 11,1 4.7 4,7 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 *Financial indicators refer to the group 9th Capital Market Day | Bertrandt AG, Mai 2014 2014-05 | BI 19
Slide 21: Overview of investments in the first half of 2013/2014
Overview of investments in the first half of 2013/2014 Example for capex in infrastructure at close quarters to our customers Expansion of construction centers for engineering projects at close quarters to our customers Endorsement of our facilities to provide newest testing methods Examples
Slide 22: Development free cashflow
Development free cashflow Free cashflow* − +5.7% Half-year figures (EUR million) 23,8 23.8 22.5 22,5 5,3 5.3 2.0 2,0 -14,0 -14.0 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 *Financial indicators refer to the group 9th Capital Market Day | Bertrandt AG, Mai 2014 2014-05 | BI 21
Slide 23: Development by segments
Development by segments Revenues by segment* − Half-year figures (EUR million) Digital Engineering Physical Engineering Elektrik/Elektronik Electric/Electronic +9.8% +11.2% +10.8% 241.9 241,9 86.3 86,3 85.7 85,7 220.4 220,4 77.9 77.1 77,1 77,9 2012/2013 2013/2014 2012/2013 2013/2014 2012/2013 2013/2
Slide 24: Bertrandt – an attractive employer
Additional staff hired Bertrandt – an attractive employer Development employees* Rank 91 of the top employers in 2014 in the fields of engineering (trendence Institute Berlin) + 9.1% 11,195 10,260 Rank 90 of the top employers for graduates of engineering sciences in 2014 (Universum Student Sur
Slide 25: Qualified and motivated employees are the basis for our success
Qualified and motivated employees are the basis for our success Recruiting plays a prominent role Variety of vacancies over the entire range of qualifications and all hierarchies Package of measures – Presence at universities and job fairs – Scholarships for students – Presence on online job m
Slide 26: Agenda
Agenda 1. Business conditions 2. Market conditions for Bertrandt 3. Key figures for the first half of fiscal year 2013/2014 4. Outlook 9th Capital Market Day | Bertrandt AG, Mai 2014 2014-05 | BI 25
Slide 27: The Bertrandt fiscal year 2013/2014 − outlook
The Bertrandt fiscal year 2013/2014 − outlook Drives in key industries are inline and offer more opportunities Investments reflect entrepreneurial opportunities and prospects of the Group − the basis for further sustainable growth Systematic cost management and consistent review and optimizati
Slide 28: Thank you for your attention!
Thank you for your attention!
Slide 29: Legal notice
Legal notice This presentation contains inter alia certain foresighted statements about future developments, which are based on current estimates of management. Such statements are subjected to certain risks and uncertainties. If one of these factors of uncertainty or other imponderables should oc