Sts Group Ag · XETR:SF3
Sts — 8. ZKK – Zürcher Kapitalmarkt Konferenz 2018
27 slides from Sts's conference presentation, September 2018
Slide 1: 8. ZKK – Zürcher Kapitalmarkt Konferenz
8. ZKK – Zürcher Kapitalmarkt Konferenz Andreas Becker, CEO Stephan Vrublovsky, CFO www.sts.group Slide / 1
Slide 2: Agenda
Agenda 1. Intro – STS at a Glance 2. Overview of STS Group 3. Key Investment Highlights 4. Financials 5. News www.sts.group Slide / 2
Slide 3: Disclaimer
8. ZKK - September 2018 Disclaimer This presentation may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in particular, s
Slide 4: STS Group At a Glance
8. ZKK - September 2018 Key Facts Key Figures STS Group One of the leading global supplier of soft and hard trim € 425m Pro-Forma Revenue 2017 parts and systems to international commercial vehicle At a Glance OEMs with over 80 years of experience € 24m Adjusted Pro-Forma EBITDA 2017 Balanced pro
Slide 5: Agenda
Agenda 1. Intro – STS at a Glance 2. Overview of STS Group 3. Key Investment Highlights 4. Financials 5. News www.sts.group Slide / 5
Slide 6: STS Group Identity
8. ZKK - September 2018 STS Group Identity The STS identity is based on the personalities and skills that we can contribute. At the same time, it draws an image of Personal & third party confidential the future and gives us orientation and motivation for our daily work. www.sts.group STS Group © 201
Slide 7: History
8. ZKK - September 2018 History Composites – SMC 2017 Q4/2018 Plastics Acquisition of global New truck supplier Headquarters business from China Plastic Omnium Injection Molding Group 2016 Acquisition of two production sites for plastic truck parts from 425 STS Group AG Acoustics Mecaplast Group Lon
Slide 8: STS Group Board
8. ZKK - September 2018 STS Group Executive Board Board Andreas Becker Stephan Vrublovsky Patrick Oschust CEO CFO COO STS Board Member since 2013 STS Board Member since 2013 STS Board Member since 2013 22 Years Industry Experience 13 Years Industry Experience 19 Years Industry Experience Highly expe
Slide 9: Product Portfolio
8. ZKK - September 2018 Product Medium and Heavy Commercial Vehicle Light Commercial Vehicle Portfolio TRIM Rear Wall TRIM Headliner Module NVH Cabin Trim NVH Cabin Floor MHCV, LCV Roof Deflector Door Panels Exterior Pillar Trim Emblem Support Storage Compartment Complete Front Module STS offers a c
Slide 10: Key Aims
8. ZKK - September 2018 Improving footprint Key Aims Entering the US market in Europe Technology lead for comfort, weight, Expanding Digitalization/ in China shape and function, Automatization e.g. e-mobility and autonomous driving. Succesfull IPO, 1 June Frankfurt, Prime Standard. Personal & third
Slide 11: Agenda
Agenda 1. Intro – STS at a Glance 2. Overview of STS Group 3. Key Investment Highlights 4. Financials 5. News www.sts.group Slide / 11
Slide 12: Market Position
8. ZKK - September 2018 Market Strong position in a sustainably growing market Position Medium & Heavy CV Light CV Excellent position with 1.2% global footprint and growing CV markets. STS 15,221 16,130 1.2% customer portfolio 2,719 2,885 includes all relevant 77% Personal & third party confidential
Slide 13: High Visibility on Future
8. ZKK - September 2018 High Visibility Outstanding visibility: Order Backlog1) FY 2018 – FY 2022 Commercial vehicles business vs. passenger car business on Future Revenues New business Order backlog Commercial Vehicles Passenger Cars Usual lifecycle of 100% 100% 100% 100% 7-12 years 5-7 years 100%
Slide 14: Cross-Selling High Potential
8. ZKK - September 2018 Sales mix by top clients (standardized to 100% sales per client) 1) Cross-Selling 6% 13% High 29% Potential 80% 59% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 94% 87% 71% 41% 20% STS supplies to all Acoustics Plastics Materials relevant CV OEMs, for many so far only on
Slide 15: Sustainable Growth Potential
8. ZKK - September 2018 Chinese MHCV market with significant potential to White spot USA Sustainable gain market share 379 Units in ‘000 Growth Truck customers Production2017 Potential Truck customers North Units in ‘000 South Qingdao Production Shiyan 2017 1 025 Jiangyin MHCV market NAFTA1) Qingdao
Slide 16: Vertical Integration
8. ZKK - September 2018 Vertically integrated supplier along value chain Benefits from Vertical Integration Vertical Integration Acoustics Plastics (SMC) - Material know-how Fabric Glass fibres - Intellectual Property Raw material suppliers Resins Resins (Recipies) - Control Process from Semi Finish
Slide 17: Pre-Development: Full Service from First Idea to Final Product
8. ZKK - September 2018 Big Parts Proximity to customer Full Service from first Idea to final Entry Product Barriors Material laboratory Pre-Development ▪ Testing devices ▪ Full range of products and materials Prototype workshop ▪ Modeling, presses, water jet ▪ Fast and flexible Engineering Developm
Slide 18: Why invest in STS Group?
8. ZKK - September 2018 Why invest in One of the leading global system suppliers for interior and exterior trim Excellent market position STS Group? parts with focus on commercial vehicles Outstanding Visibility Solid order book with approx. € 1.9 bn of revenue already contracted until 2022, plus ad
Slide 19: Agenda
Agenda 1. Intro – STS at a Glance 2. Overview of STS Group 3. Key Investment Highlights 4. Financials 5. News www.sts.group Slide / 19
Slide 20: Income Statement
8. ZKK - September 2018 FY 2017 €m Q1 2018 1) FY 2017 FY 2016 FY 2015 Income Revenues 108.9 Pro Forma 425.2 310.0 136.2 134.5 Statement Increase or decrease of finished goods 3.5 2.5 (1.3) (1.5) and work in progress Other operating income 60.8 55.7 5.6 1.7 Material expenses (252.5) (190.6) (85.2) (8
Slide 21: Adjusted EBITDA and CAPEX
8. ZKK - September 2018 €m FY 2017 Pro Forma FY 2017 Adjusted Income after income tax expense 52.6 47.0 EBITDA and Interest and similar income (0.1) (0.1) Net interest expense 3.5 3.0 CAPEX Income tax expense (2.5) (3.1) EBIT 53.5 46.9 Depreciation and amortization 12.3 8.2 EBITDA 65.8 55.0 Adjustme
Slide 22: Balance Sheet
8. ZKK - September 2018 Balance Sheet €m 31 December 2017 31 December 2016 31 December 2015 (FY 2015-2017) ASSETS Non-current assets 114.8 35.6 18.5 Current assets 160.2 52.9 45.8 Total assets 275.0 88.5 64.3 Equity has been strengthened in 2018 by EQUITY AND LIABILITIES cash based equity Total equi
Slide 23: Net Debt
8. ZKK - September 2018 Net Debt €m 31 December 2017 Net Debt Cash 15.8 Blocked cash 5.0 Liabilities to banks & third parties (24.5) Provision for pensions (20.0) Net debt ratio to EBITDA is 1.0 x Net debt (23.6) Adjusted EBITDA 23.8 Personal & third party confidential Net debt / Adjusted EBITDA 1.0
Slide 24: STS Share Key Facts
8. ZKK - September 2018 STS Share Share Price € 22.415 as of 30 August 2018 Key Facts Market Capitalization €m 134.49 as of 30 August 2018 Mutares AG, 63,8% Shareholder Main First SICAV, 8% SF3 Xetra Designated Sponsor: Hauck & Aufhäuser First Day of Trading: Standard/ Reporting accord
Slide 25: Agenda
Agenda 1. Intro – STS at a Glance 2. Overview of STS Group 3. Key Investment Highlights 4. Financials 5. News www.sts.group Slide / 25
Slide 26: News
8. ZKK - September 2018 News Personal & third party confidential www.sts.group STS Group © 2018 Slide / 26
Slide 27: Thank you for your attention
Thank you for your attention Contact Us Susan Hoffmeister Investor Relations ir@sts.group www.sts.group Slide / 27
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