Aumann AG · XETR:AAG
Aumann — Virtual Berenberg Conference USA 2020
22 slides from Aumann's conference presentation, May 18, 2020
Slide 1: Aumann AG
Aumann AG A global leader in modular machines for E-mobility Virtual Berenberg Conference USA | May 2020 0
Slide 2: From vision to product
From vision to product Automated manufacturing equipment for complex applications 1
Slide 3: Aumann at a glance
Aumann at a glance Right business Right capabilities E-mobility growth Fully automated E-mobility > 80 years of winding experience Order intake share evolution production lines … in € million and in % > 30 years partner of automotive OEMs 190 282 291 190 c. 1,2001) highly skilled professionals 37% 6
Slide 4: Key highlights of Aumann
Key highlights of Aumann 1 Decades of experience – High automotive exposure and trusted client relationships 2 Megatrend focused – Long-term growth prospects due to rising E-mobility penetration 3 Technological pioneer – All relevant winding technologies and deep automation know-how 4 Optimal corpor
Slide 5: E-mobility business growth supported by longstanding customer relationships
E-mobility business growth supported by longstanding customer relationships OEM’s plan to massively invest in EV this decade Selected Aumann customers EV CapEx flows by country of origin of OEM France Other S. Korea Japan USD 300 billion Germany total EV CapEx USA China Source: Reuters Graphics 2019
Slide 6: E-mobility share increases as classic business contracts
E-mobility share increases as classic business contracts Revenue share evolution Total revenue evolution in € million and in % in € million -10.7% 156 210 291 260 291 260 56% 64% 186 -22.3% 73% 71% 144 44% +9.6% 115 36% 105 27% 29% 2016A 2017A 2018A 2019A 2018A 2019A Classic E-mobility 5
Slide 7: Complexity of new products
E-mobility is in the centre of Aumann’s pioneering DNA Volume of selected automotive market segments* Energy storage Electric motor Assembly of modules, Winding, Assembly packs, boxes, fuel cells of stator and/or rotor High Electrification Complexity of new products E-traction Energy storage Low Ele
Slide 8: Aumann combines technology and product know-how though R&D capabilities
Aumann combines technology and product know-how though R&D capabilities Technology know-how R&D centers Product know-how … … Engineering Customizing Pioneering Aumann E-mobility solutions 7
Slide 9: Aumann has the ideal capabilities, industry experience and corporate setup
Aumann has the ideal capabilities, industry experience and corporate setup Technological E-mobility Corporate setup leadership focus and workforce Exclusive Decades of 6 locations in winding automotive Europe, China, technologies focus USA Highest Experience with Relationships to degree of large ord
Slide 10: Key facts 2019
Key facts 2019 Strong progress in development of new thick / flat wire applications E-mobility order intake share increases to 62.8 % Revenues of € 259.6 million with an increase of E-mobility by 9.6 % EBITDA at € 21.2 million (8.2 % margin) and EBIT (adj.) at € 16.3 million (6.3 % margin) Equity Ra
Slide 11: Diverse uncertainties weigh on automotive industry
Diverse uncertainties weigh on automotive industry Annual German car production Stress factors for the automotive industry in million units produced -13.0% -17.4% Macroeconomic and political uncertainties 5.7 5.6 5.0 Next phase in car fleet emission targets 4.7 Management of overcapacity -19.7% Cost
Slide 12: E-mobility shows growth in revenues and order intake
E-mobility shows growth in revenues and order intake E-mobility order intake E-mobility revenues in € million in € million +4.9% +9.6% 119.0 115.1 113.5 105.0 2018A 2019A 2018A 2019A 11
Slide 13: E-mobility revenue growth cannot offset evolution in Classic
E-mobility revenue growth cannot offset evolution in Classic Total order intake Order intake share development in € million in % -34.8% 290.9 177.4 189.5 39% 37% 70.5 2018A 2019A 61% 63% 113.5 119.0 2018A 2019A Classic E-mobility 12
Slide 14: Revenues follow order intake evolution
Revenues follow order intake evolution Total revenues Revenue share development in € million in % -10.7% 290.8 259.6 185.8 144.5 36% 44% 2018A 2019A 56% 64% 105.0 115.1 2018A 2019A Classic E-mobility 13
Slide 15: Margins suffer form adverse market environment
Margins suffer form adverse market environment Total EBIT (adj.) Total EBITDA in € million and in % of revenues in € million and in % of revenues 10.1% 6.3% 11.2% 8.2% -44.4% -34.6% 29.3 33.0 14.9* 17.0* 21.2 16.3 11.9* 8.2% 9.5* 6.6% 14.2* 15.7* 6.7* 5.8% 9.2* 8.0% 2018A 2019A 2018A 2019A Classic E
Slide 16: Aumann's balance sheet remains a solid support in this challenging environment
Aumann’s balance sheet remains a solid support in this challenging environment Balance sheet 31 December 2019 in € million 326.7 326.7 Non-current 84.3 assets* 203.1 Equity (62%) Current assets** 147.2 46.9 Non-current liabilities Cash*** 95.3 Net Cash 74.0 76.7 Current liabilities Assets Equity & L
Slide 17: 2020 will be a transition year for Aumann – Priorities and guidance
2020 will be a transition year for Aumann – Priorities and guidance Managing ongoing crisis in the automotive industry Adjustment and optimization of the organization Continuing research and development in E-mobility technologies Investigating M&A opportunities Guidance 2020: Revenues € 180 – 200 mi
Slide 18: No matter who will prevail the E-mobility revolution
No matter who will prevail the E-mobility revolution they will need production solutions Made by Aumann www.aumann.com 17
Slide 19: Contact
Contact Aumann AG Dieselstr. 6 48361 Beelen Germany www.aumann.com Investor Relations Tel.: +49 2586 888 7807 Fax: +49 2586 888 7805 Email: ir@aumann.com 18
Slide 20: Appendix
Appendix Oo aumann 19
Slide 21: 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 22: 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