Slide 1: Q3 Results 2024
Q3 Results 2024 MBB SE 14 November 2024
Slide 2: MBB offers long-term succession solutions to sustainable Mittelstand companies
MBB offers long-term succession solutions to sustainable Mittelstand companies Family business Founded in 1995 and family-owned for the long term Capital Markets Extraordinary growth and value creation potential due to capital market access Long-term focus Long-term investment horizon without intent
Slide 3: Profitability growth figures from the first 9 months of 2024
Profitability growth figures from the first 9 months of 2024 +144 % +83 % +88 % 50 26 93 14 50 20 9M/23 9M/24 9M/23 9M/24 9M/23 9M/24 Adj. EBITDA Adj. EBITDA Adj. EBITDA in €m in €m in €m 3
Slide 4: All MBB segments increased their EBITDA significantly
All MBB segments increased their EBITDA significantly Adj. EBITDA in €m Service & Technological Consumer Infrastructure Applications Goods +29.0 +8.7 60.1 +5.7 27.5 5.9 31.2 18.8 0.2 9M/23 9M/24 9M/23 9M/24 H1/23 H1/24 4
Slide 5: MBB has been growing from quarter to quarter
MBB has been growing from quarter to quarter Revenue Adj. EBITDA + 20 % 298 262 + 28 % 205 37 33 23 Q1/24 Q2/24 Q3/24 Q1/24 Q2/24 Q3/24 in €m in €m 5
Slide 6: Energy transition and IT security are the driving force behind the S&I Segment
Energy transition and IT security are the driving force behind the S&I Segment Energy infrastructure for the energy transition IT security for the German Mittelstand Sharpest increase in profitability with an Orders shifted form Q3 to Q4 led to softer revenues EBITDA margin of 17% in the third quart
Slide 7: Growing investment in automation and renewable materials drive TA Segment
Growing investment in automation and renewable materials drive TA Segment Automation solutions for E-mobility System solutions from ecological raw materials Strong increase in profitability to 11% EBITDA margin Lower demand from OEMs, particularly in the caravan and revenue growth of 17% with good v
Slide 8: Profitability increases despite lower revenues in CG Segment
Profitability increases despite lower revenues in CG Segment Tissue products Mattresses for e-commerce EBITDA margin at high level due to lower material Low consumer demand in the furniture market leads to price volatility and expired energy contracts revenue and EBITDA in first nine months of 2024
Slide 9: In the first 9 months, revenues grew 11% while EBITDA margin added 5 percentage points
In the first 9 months, revenues grew 11% while EBITDA margin added 5 percentage points Revenue Adj. EBITDA +11 % 7% 12% 765 + 49 % 691 +88 % 93 50 9M/23 9M/24 9M/23 9M/24 in €m in €m 9
Slide 10: In the third quarter, EBITDA more than doubled
In the third quarter, EBITDA more than doubled Revenue Adj. EBITDA +13 % 7% 13% 298 + 49 % 264 +112 % 37 18 Q3/23 Q3/24 Q3/23 Q3/24 in €m in €m 10
Slide 11: For the full year 2024, MBB expects €1 billion in revenues with EBITDA margin of 12%
For the full year 2024, MBB expects €1 billion in revenues with EBITDA margin of 12 % Revenue Adj. EBITDA 8.4 % >10 % 12 % 1.000 + 49 % 955 120 >100 80 2023 Forecast 2023 Forecast II Forecast III 2024 2024 2024 in €m in €m 11
Slide 12: MBB invested €55 million in shares of MBB companies in the first 9 months
MBB invested €55 million in shares of MBB companies in the first 9 months 2023/24 9M 2024 45 38 million € million € 38 11 million € million € 23 6 million € million € 106 55 million € million € 12
Slide 13: MBB's balance sheet remains very strong – even after substantial buybacks
MBB's balance sheet remains very strong – even after substantial buybacks Assets 30/09/2023 Assets 30/09/2024 in €m in €m 1,170 1,166 Fixed assets** 316 324 Fixed assets** Current assets** 403 360 Current assets** 481 Cash* Cash* 450 418 392 thereof + €26m Net Cash Net Cash Net Cash €281m net cash i
Slide 14: In light of the attractive valuation, MBB will continue to buy back shares
In light of the attractive valuation, MBB will continue to buy back shares Sum-of-the-parts in €m* 1.200 1.000 800 New share buyback 281 600 up to €15m 15/11/2024 400 352 Market 200 Cap 0 Holding Fair Cash Value * Market capitalization of listed companies as per 14 November 2024; holding cash as per
Slide 15: Questions & Answers
Questions & Answers Constantin Mang CEO 15
Slide 16: Contact
Contact MBB SE Joachimsthaler Straße 34 D-10719 Berlin Tel: +49 30 84415 330 Fax: +49 30 84415 333 Mail: office@mbb.com Web: www.mbb.com 16
Slide 17: Disclaimer
DISCLAIMER By accessing this document you agree to abide by the limitations set out hereafter. The information contained in this document relating to MBB SE ("MBB" or the "Company") may not be redistributed. reproduced. published. or passed on to any other person and must not be relied upon for any
Slide 18: MBB.COM
MBB.COM
Slide 19: MBB's balance sheet remains very strong – even after substantial buybacks
MBB's balance sheet remains very strong – even after substantial buybacks Balance sheet as at 30 September 2024 in €m 1,166 1,166 Fixed assets** 324 754 (66%) Equity Current assets** 360 Cash* 481 63 Financial liabilities thereof €281m net cash 418 349 Other liabilities in MBB SE Net Cash Assets Equ
Slide 20: M&A valuations are becoming more attractive and MBB's relative position is stronger than ever
M&A valuations are becoming more attractive and MBB’s relative position is stronger than ever Private market valuations Improvement of MBB‘s position Enterprise Value-to-EBITDA valuations, indexed to 2014 High interest rates make it more difficult for investors that rely on y-o-y financial leverage