Blue Cap Ag · XETR:B7E
Blue Cap — Vienna Capital Market Conference (Family Office Day) 2024
24 slides from Blue Cap's conference presentation, Oct 16, 2024
Slide 1: Investor Presentation
Investor Presentation Vienna Capital Market Conference Dr. Henning von Kottwitz, CEO Vienna, 16 October 2024
Slide 2: Blue Cap Investment Highlights
Blue Cap Investment Highlights Unique opportunity to invest in German SME growth stories 1 Proven business model > value creation through M&A and transformation in German SME 2 Special situation investments > based on Blue Cap experience and capabilities 3 Diversified portfolio of SMEs > participati
Slide 3: Listed Private Equity with its DNA in transformation and turnaround
Listed Private Equity with its DNA in transformation and turnaround BUY TRANSFORM SELL Where do we invest? How do we create value? When do we sell? Special situations Active portfolio management Stringent exit strategy based on People & Culture ▪ Exit plan from day one of acquisition Solid core busi
Slide 4: BUY: Focus on special situations targets with restructuring need
BUY Focus on special situations targets with restructuring need Industrial SMEs with economically sustainable & scalable business models Outperforming Performing In specific cases Blue Cap’s main Underperforming Core focus competences & capabilities Distressed In specific cases Insolvency Underlying
Slide 5: TRANSFORM: Established Transformation Radar for value creation
TRANSFORM Established Transformation Radar for value creation ▪ Established structured processes and track record of value creation initiatives for our portfolio companies ▪ Core of our transformation competence and value enhancement expertise, especially required for turnaround cases ▪ People & Cul
Slide 6: SELL: Stringent exit strategy to capture transformation results
SELL Stringent exit strategy to capture transformation results Regular exits based on 2016 – 2024 2018 – 2023 2011 – 2022 2016 – 2021 ▪ Steady review of exit opportunities ▪ Exit plan from day one of acquisition Plastics Plastics Production Technology Metal Technology ▪ Ongoing preparation for exit
Slide 7: SELL: Neschen as blueprint to proof our strategy
SELL Neschen as blueprint to proof our strategy Case Exit ▪ Bought from insolvency in 2016 ▪ Exit: 07.10.2024 ▪ Optimisation of working capital ▪ Sold to ATP adhesive systems AG, a management strategic investor ▪ Joined Portfolio: 2016 ▪ Advancement of the industrial coatings ▪ Total proceeds (befor
Slide 8: Diversified portfolio of SMEs in Germany
Diversified portfolio of SMEs in Germany – composition will change with ongoing M&A activities Diversified portfolio of Net Asset Value share by segment (*) ▪ 6 companies with headquarters in Germany ▪ 1,000 employees ▪ Four major segments represent the value of the group 10% 21% 40% 29% Plastics**
Slide 9: Snapshot on financial figures: dip in FY 2023, recovery expected HY2 2024
Snapshot on financial figures: dip in FY 2023 due to economic headwinds, results are expected to pick up again for HY2 2024 Revenue Adjusted EBITDA and adj. EBITDA margin EUR m EUR m and % CAGR 13% CAGR 15% 291.3 273.3 7.8% 8.7% 9.7% 9.3% 8.5% 7.9% 8.4% 27.5 145.5 23.2 217.6 129.2 21.3 183.4 169.8 1
Slide 10: Guidance 2024 reflects results of successfully implemented transformation measures
Guidance 2024 reflects results of successfully implemented transformation measures Outlook 2024 ▪ For 2024, we currently expect revenue at EUR 200-220m with an ▪ We aim for … EBITDA margin (adj.) at 9.5-10.5% 1-2 acquisitions, value creation turnaround initiated Solid financing of holding and portfo
Slide 11: NAV: Slight recovery as per 30.06.2024
NAV: Slight recovery as per 30.06.2024 - driven primarily by con- pearl and Neschen* NAV by segment Business segments EUR million Plastics Business Services ▪ Plastics: Increase in NAV due to overperformance of con-pearl Adhesives & Coatings Others in HY 2024 160,8 Minor. Shareholdings Net Debt** ▪
Slide 12: Policy of attractive dividends reflected in 65 cent base dividend
Policy of attractive dividends is reflected in a 65 cent base dividend even after difficult year Dividend per share and dividend yield* Components of dividend policy EUR and % ▪ Base dividend as regular return 4.0% 4.0% 4.0% 4.0% 3.7% 3.7% 3.3% 3.3% 4.0% 4.0% 3.2% ▪ Resulting from operative performa
Slide 13: Blue Cap share price 2023 / 2024: The one thing missing…
Blue Cap share price 2023 / 2024: The one thing missing… Share price development Blue Cap AG vs SDAX ▪ Share price in 2023 characterized by generally subdued market Oct 23 – Oct 24 sentiment in the wake of the economic slowdown and ongoing 20,00% global crises 15,00% ▪ Additional uncertainties cause
Slide 14: Disclaimer
Disclaimer By accessing this document, you acknowledge the restrictions on use set out Insofar as the information contained in this document is based on statements herein. The information contained in this document regarding Blue Cap AG made by third parties, we would like to point out that no warra
Slide 15: Questions & Answers
Questions & Answers Blue Cap AG_Wiener Kapitalmarkt Konferenz_Investor Presentation 15
Slide 16: Thank you!
Thank you!
Slide 17: BACKUP
BACKUP Blue Cap AG_Wiener Kapitalmarkt Konferenz_Investor Presentation 17
Slide 18: Plastics segment
Plastics segment ▪ Manufactures lightweight plastic boards from recycled plastic primarily for the logistic and automotive industry ▪ In the automotive industry, the boards are used in van flooring, head liner covers and floors of luggage areas in vans and buses Invest: 2019 / 100% ▪ For the logisti
Slide 19: Adhesives & Coatings segment
Adhesives & Coatings segment ▪ Niche supplier of solvent-free adhesive products and application systems ▪ Planatol offers products to several industries: graphics (i.e. book binding), packaging industry (i.e. folding boxes and end-of-line packaging), wood industry (i.e. furniture, kitchens, wood-bas
Slide 20: Business Services segment
Business Services segment ▪ Electronic product and systems distributor with a special focus on value-add through technical consulting and development expertise ▪ Its customers primarily come from the electronics industry, medical technology, the energy sector and the media and communications Invest:
Slide 21: Non-consolidated activity
non-consolidated activity Life Science (non-consolidated, minority stake) ▪ Manufacturer of products for thermal management in the laboratory automation, such as heating, cooling and shaking assemblies, incubators and thermal cyclers ▪ Supplies a broad group of customers from the life science sector
Slide 22: Blue Cap on the stock market
Blue Cap on the stock market Reference data Positive recommendations by analysts ▪ ISIN/WKN: DE 00A0JM2M1 / A0JM2M Analyst Date Rating Target Price ▪ Ticker: B7E, B7E.DE (Reuters), B7E:GR (Bloomberg) ▪ Share Capital: 4,486,283.00 Euro / 4,486,283 pcs SMC Research 08 October 2024 Buy 34.00 € ▪ Market
Slide 23: Management Board
Management Board Dr. Henning von Kottwitz Henning Eschweiler Chief Executive Officer Chief Operating Officer Main Responsibilities Main Responsibilities M&A, Finance, Capital Market & Investor Relations, Law Portfolio Management, ESG, IT, People & Culture Before Before ▪ Ex BCG – industrial goods co
Slide 24: Financial calendar and contact details
Financial calendar and contact details Date Event Location 16 October 2024 Vienna Capital Market Conference (Family Office Day) Vienna 23 October 2024 Earnings Call Q3 Virtual 13 November 2024 Münchner Kapitalmarkt Konferenz Munich 25-27 November 2024 Deutsches Eigenkapitalforum Frankfurt/Main Annik
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