Blue Cap Ag · XETR:B7E
Blue Cap — Equity Forum Spring Conference 2024
23 slides from Blue Cap's conference presentation, May 14, 2024
Slide 1: Investor Presentation
Investor Presentation Equity Forum – Spring Conference Dr. Henning von Kottwitz, CEO 14 May 2024
Slide 2: Blue Cap Investment Highlights
Blue Cap Investment Highlights Unique opportunity to invest in German SME growth stories 01_ Proven business model > value creation through M&A and transformation 02_ Our vision and strategy “Blue Cap 2026” > based on Blue Cap experience and capabilities 03_ Regular and consequent exits > proof of v
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 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 Our track record for value growth ▪ Steady review of exit opportunities 2018 – 2023 2011 – 2022 2016 – 2021 ▪ Exit plan from day one of acquisition ▪ Ongoing preparation for exit Plastics Production Technology Meta
Slide 7: Current status: Two companies identified for near term divestment
Current status: Two companies identified for near term divestment Clear exit possibility Capture 2 7 Best-owner opportunistic exit Transform 3 5 4 1 6 Turnaround 8 Holding No. Company period Blue Cap AG _ Investor Presentation 7
Slide 8: Diversified portfolio of SMEs in Germany
Diversified portfolio of SMEs in Germany – composition will change with increased M&A activities Diversified portfolio of Net Asset Value share by segment (*) ▪ 8 companies with headquarters in Germany ▪ More than 1,000 employees 1% ▪ Four major segments represent the value of the group 11% 32% 28%
Slide 9: Plastics segment
Plastics segment Plastics ▪ 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 t
Slide 10: Adhesives & Coatings segment
Adhesives & Coatings segment Adhesives & Coatings ▪ 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. furnitu
Slide 11: Business Services segment
Business Services segment Business Services ▪ 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 com
Slide 12: Others and non-consolidated activity
Others and non-consolidated activity Others ▪ Manufactures high-precision, laser-optical measuring systems for the automatic inline inspection of geometric sizes, such as flatness, straightness, profile, thickness and width. ▪ Serves automotive suppliers, plant manufacturers as well as steel and Inv
Slide 13: Snapshot on financial figures: dip in FY 2023, slight recovery in Q1-24
Snapshot on financial figures: dip in FY 2023 due to economic headwinds, slight recovery is noticeable in Q1-24 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% 27.5 8.3% 75.8 6.2% 217.6 23.2 66.5 21.3 183.4 169.8 15.9 13.1 5.8 4
Slide 14: Policy of attractive dividends reflected in base dividend proposal
Policy of attractive dividends is reflected in proposal of 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% 3.7% 3.3% 4.0% 3.7% ▪ Resulting from operative performance (adjusted e
Slide 15: Guidance 2024 reflects results of successfully implemented transformation measures
Guidance 2024 reflects results of successfully implemented transformation measures Outlook 2024 Strong mid-term value creation potential ▪ For 2024, we currently expect revenue only slightly above 2023 NAV per share1) 60 in Euro level at EUR 270-290m with an improved EBITDA margin (adj.) at 8-9% Rev
Slide 16: Questions and Answers
a o BLUE CAP oa and Answers
Slide 17: Thank you for your attention!
Thank you for your attention!
Slide 18: Contact
Contact Dr. Henning von Kottwitz CEO hvonkottwitz@blue-cap.de +49 89 288909-0 Blue Cap AG Ludwigstraße 11 office@blue-cap.de 80539 München www.blue-cap.de
Slide 19: Financial calendar and contact details
Financial calendar and contact details Date Event Location 13-15 May 2024 Equity Forum Spring Conference Frankfurt/Main 24 June 2024 Annual General Meeting Munich (physical) 03 July 2024 m:access Conference Investment Companies 2024 Munich/hybrid 22 August 2024 Hamburger Investorentag HIT Hamburg 16
Slide 20: Appendix
Appendix
Slide 21: 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 22: Blue Cap on the stock market
Blue Cap on the stock market Reference data Positive recommendations by analysts ▪ ISIN/WKN: DE 00A0JM2M1 / A0JM2M ▪ Ticker: B7E, B7E.DE (Reuters), B7E:GR (Bloomberg) Analyst Date Rating Target Price ▪ Share Capital: 4,486,283.00 Euro / 4,486,283 pcs M.M. Warburg 18 March 2024 Buy 32.00 € ▪ Market S
Slide 23: 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