Slide 1: Aumann AG
Aumann AG A global leader in modular machines for E-mobility May 2018 0
Slide 2: Aumann at a glance
Aumann at a glance Right business Right capabilities Strong growth Fully automated E-drivetrain 80 years of winding experience Revenue2) production lines … in million € 30 years partner of automotive OEMs +30% p.a. > 300 ∼ 1,2001) highly skilled professionals 210 156 6 locations in Germany, China an
Slide 3: Key highlights of Aumann
Key highlights of Aumann 1 Strong growth due to E-mobility revolution in the automotive industry 2 Exclusive winding technologies in combination with deep automation know-how 3 Decades of automotive experience and trusted relationships with OEMs 4 Profitable and asset-light growth with good visibili
Slide 4: An E-mobility revolution is underway
An E-mobility revolution is underway Three factors put electric vehicles on the road Electric vehicles* Global production in million vehicles per year Technology push 32 CAGR +29% 13 Consumer pull Regulatory 2 push 2015 2020e 2025e * Electric vehicles including hybrids; Source: IHS 3
Slide 5: E-mobility has gained further traction resulting in strong demand for Aumann solutions
E-mobility has gained further traction resulting in strong demand for Aumann solutions Strong momentum from OEMs Typical design and order process for Aumann 25 electrified and 12 all-electric models by 2025 OEM develops product design All car models to be electric or hybrid from 2019 Joint optimisat
Slide 6: Aumann automates the production of electric drivetrains with focus on the electric motor
Aumann automates the production of electric drivetrains with focus on the electric motor Electric motor Energy storage /conversion Rotor Stator Winding of stator and/or rotor Assembly of modules, packs, fuel cells Electric drivetrain 5
Slide 7: Aumann offers highly automated production technologies for traction motors
Aumann offers highly automated production technologies for traction motors Thin wire Thick/flat wire Conventional Distributed Conventional Continuous Insert-in Needle Winding Hairpin Hairpin Indirect Winding Direct Winding Assembly Winding / Assembly Lower automation High automation High automation
Slide 8: Aumann has a unique combination of capabilities, industry experience and corporate setup
Aumann has a unique combination of capabilities, industry experience and corporate setup Technological E-mobility Corporate leadership focus setup and size > 300m Exclusive winding Decades of > €300 million technologies automotive focus revenue 2018FC Highest degree Relationships to 6 locations in o
Slide 9: The acquisition of USK in Q4 2017 has further improved Aumann's position
The acquisition of USK in Q4 2017 has further improved Aumann’s position Why Aumann acquired USK in Q4 2017 Where Aumann and USK stand in Q1 2018 Capacity balancing between sites Engineering capacity First orders shifted to USK in 2017 Partial retargeting of sales engineers E-mobility growth at US
Slide 10: USK drastically increased Aumann's engineering and delivery capacity
USK drastically increased Aumann’s engineering and delivery capacity Organic and anorganic capacity ramp Headcount +55% 1,251 1,269 122 103 Trainees 137 Temporary workers 148 +10% 818 745 769 76 55 53 102 102 97 981 1,029 Employees 593 614 640 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 9
Slide 11: Close partnerships with blue chip customers enable Aumann's E-mobility growth
Close partnerships with blue chip customers enable Aumann’s E-mobility growth Longstanding customer relationships… …leading to an accelerated E-mobility business Indicative cumulative orders last 25 years Automotive E-bike > € 460m E-mobility Relationship since 1990 segment customers > € 400m Relati
Slide 12: Growth is our priority for 2018 and we aim at revenues of more than €300 million
Growth is our priority for 2018 and we aim at revenues of more than €300 million Total revenues in € million > 300 210 CAGR +30% 156 122* 96 93 2014A 2015A/ 2016A 2017 2018 FC *2015 as-if 11
Slide 13: In the first quarter 2018, Aumann grew both revenues and order intake significantly
In the first quarter 2018, Aumann grew both revenues and order intake significantly Revenues Order intake in € million in € million +51% 72.4 +25% 63.2 31.5 50.5 19.7 48.0 14.2 16.7 43.5 40.9 36.3 31.2 Q1 2017 Q1 2018 Q1 2018 Q1 2018 E-mobility Classic 12
Slide 14: Due to capacity bottlenecks, EBIT margin was lower in the second half of 2017
Due to capacity bottlenecks, EBIT margin was lower in the second half of 2017 Adjusted EBIT in € million and in % of revenues 11% 12%* 12% 10% 28 - 31 CAGR +26% 21.0 19.3 12.4* 10.5 11.0 2014A 2015A / 2016A 2017 2018 FC *2015 as-if EBIT margin 2015 is not as-if; EBIT until 2016 is adjusted for manag
Slide 15: In the first quarter 2018, profitability has clearly recovered as de-bottlenecking progresses
In the first quarter 2018, profitability has clearly recovered as de-bottlenecking progresses Adj. EBIT Segment EBIT Q1 2018 in € million in € million EBIT- Margin 14.2% 10.7% +17% 7.5 6.4 2.8 4.7 2.6 2.8 4.7 3.8 Q1 2017 Q1 2018 E-Mobility Classic E-mobility Classic 14
Slide 16: A strong balance sheet allows further investments into Aumann's growth
A strong balance sheet allows further investments into Aumann’s growth Balance sheet 31 March 2018 in € million 351.2 351.2 Non-current assets 84.0 185.6 53% Equity Current assets** 164.6 51.4 Non-current liabilities 114.2 Current liabilities Cash* 102.6 Assets Equity & Liabilities * Liquidity & sec
Slide 17: We have made significant progress on strategic roadmap to market leadership
We have made significant progress on strategic roadmap to market leadership ▸ Grow skilled work force + 78% Ramp-up ▸ Expand shop floor +13,000 m² capacity ▸ IT hardware, licenses and projects Ongoing ▸ Expand facility in China Ongoing Expand ▸ Build up of USA/NAFTA activities Ongoing globally ▸
Slide 18: No matter who will prevail in the E-mobility revolution, they will need Aumann's machines
No matter who will prevail in the E-mobility revolution, they will need Aumann’s machines for electric drivetrain manufacturing www.aumann-ag.com 17
Slide 19: Financial Calendar
Financial Calendar Commerzbank Conference (NYC and Boston, USA) 16 May 2018 Hauck & Aufhäuser Stock Picker Summit (St. Tropez, France) 17 May 2018 Berenberg USA Conference (Tarrytown, NY, USA) 23 May 2018 Half-Year Financial Report 2018 16 August 2018 Berenberg/GS Corporate Conference (Munich, Germa
Slide 20: Contact
Contact Aumann AG Dieselstr. 6 48361 Beelen Germany Tel.: +49 2586 888 7800 Fax: +49 2586 888 7805 www.aumann-ag.com info@aumann-ag.com 19
Slide 21: Appendix
Oaumann Appendix
Slide 22: The historical roots of Aumann
The historical roots of Aumann 2006 Acquisition of ATS Berlin 1936 Foundation 2009 First e-drivetrain project ▸ E-mobility focus 2015 2017 ▸ E-mobility references Becomes part of Acquisition ▸ Winding technology MBB group of USK 2012 First cooperation 2013 2017 Set up of presence in China IPO ▸ Auto
Slide 23: Key markets and growth dynamics
Key markets and growth dynamics Industry Importance CAPEX dynamic for Aumann E-mobility1) E-mobility revolution Automotive Classic Emission reduction automotive Automation Adressable market Automation Consumer Industry 4.0 electrics Energy efficiency Industrial Automation Industry 4.0 Source: Compan
Slide 24: 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