Mbb Se · XETR:MBB
Mbb — Deutsches Eigenkapitalforum 2023
22 slides from Mbb's conference presentation, November 2023
Slide 1: Deutsches Eigenkapitalforum
Deutsches Eigenkapitalforum MBB SE 27. - 29. November 2023
Slide 2: Why MBB?
Why MBB? Unique Clear Long-term DNA Value Drivers Trends 2
Slide 3: MBB offers long-term succession solutions to the German Mittelstand
MBB offers long-term succession solutions to the German Mittelstand Family business Founded in 1995 and family-owned for the long term Unique DNA Long-term focus Long-term investment horizon without intention to resell businesses Capital markets Extraordinary growth and value enhancement potential o
Slide 4: MBB has clear value drivers
MBB has clear value drivers Acquisition of attractive long-term growth businesses Sustainable organic growth through strategic focus Clear Value Drivers Strategic add-on acquisitions for further acceleration of growth Capital markets expertise for securing additional growth potential 4
Slide 5: MBB benefits from long-term trends
MBB benefits from long-term trends Energy transition E-mobility IT-security Long-term Trends Ecological solutions 5
Slide 6: Three highlights of 2023
Three highlights of 2023 +217% +33% 1.009 200 Acquisition of 150 318 9M/22 9M/23 9M/22 9M/23 Order intake Revenues in €m in €m 6
Slide 7: LACOM is a leading laminating and coating specialist for battery and fuel cell technology
LACOM is a leading laminating and coating specialist with a focus on battery and fuel cell technology Strategic acquisition provides Aumann Calenderin Laminating Coating g Drying Slitting technological access to upstream processes in the manufacturing of batteries and fuel cells In the field of batt
Slide 8: LACOM enables Aumann to offer upstream process technologies for fuel cells and batteries
LACOM enables Aumann to offer upstream process technologies for fuel cells and batteries Fuel Cell Production Coverage Battery Production Coverage Electrode manufacturing Component Production Cell assembly Stacking Cell finishing Final assembly Module assembly Pack assembly 8
Slide 9: LACOM's technologies gain importance in light of planned battery cell factories in Europe
LACOM‘s technologies gain importance in light of planned battery cell factories in Europe Battery plant projects in Germany Company Year Capacity 4x 202X 100 GWh 125 GWh 1x 110 GWh 2025 24-100 GWh 2026 60 GWh 20XX 40+3,5 GWh 5x 1x 105 GWh 115 GWh 2030 13-40 GWh 2025 40 GWh 14x > 400 GWh 2027 24 GWh
Slide 10: Energy transition and IT security are the driving forces behind the S&I Segment
Energy transition and IT security are the driving forces behind the S&I Segment Energy infrastructure for the energy transition IT security for the German Mittelstand Record-level order backlog of €1,049m driven by Strong Q3 figures after weaker start into 2023 with continued strong market dynamics,
Slide 11: Growing investment in automation and strong demand for renewable products drive TA Segment
Growing investment in automation and strong demand for renewable products drive TA Segment Automation solutions for E-mobility System solutions from ecological raw materials Strong order backlog of €309m and continuing Very strong first half of 2023 driven by rebound of market momentum for e-mobilit
Slide 12: Inflation pressures meet moderate demand in CG Segment
Inflation pressures meet moderate demand in CG Segment Tissue products Mattresses for e-commerce Revenue decrease in Q3 mainly driven by price Revenue decrease in Q3 driven by weaker market effects in light of drop in energy and raw material demand in the mattress and furniture industry prices Energ
Slide 13: The lower EBITDA in S&I was partly compensated by stronger EBITDA in TA segment
The lower EBITDA in S&I was partly compensated by stronger EBITDA in TA segment Revenue and adj. EBITDA in €m Service & Technological Consumer Infrastructure Applications Goods +3% 340 350 +21% 268 222 -4% 56 77 73 31 19 9 5 0 9M/22 9M/23 9M/22 9M/23 9M/22 9M/23 13
Slide 14: In total, revenues were significantly higher but profitability lower than previous year
In total, revenues were significantly higher but profitability lower than previous year Revenue Adj. EBITDA +8% 11.1% 7.2% 691 + 49 % 639 -30 % 71 50 9M/22 9M/23 9M/22 9M/23 in €m in €m 14
Slide 15: For 2023, MBB still expects revenues of €850-900 million, but EBITDA at lower end of range
For 2023, MBB still expects revenues of €850-900 million, but EBITDA at lower end of range Revenue Adj. EBITDA 10 % 8-10% 896 900 93 850 9M Lower end of the range more likely 2022 Forecast 2022 Forecast 2023 II 2023 in €m in €m 15
Slide 16: MBB's balance sheet remains very strong
MBB's balance sheet remains very strong Balance sheet as at 30 September 2023 in €m 1,170 1,170 Fixed assets** 316 760 (69%) Equity Current assets** 403 451 Cash* 57 Financial liabilities thereof €321 m Net Cash 392 in MBB SE Net Cash 353 Other liabilities Aktiva Passiva * Liquidity & Securities & G
Slide 17: In 2023, MBB paid a dividend of €1 per share and purchased own shares for €7m
In 2023, MBB paid a dividend of €1 per share and purchased own shares for €7m Dividend payments per share in € cents 198 176 €5.7m 99 132 Dividend 2023 122 88 €1.00 per share 66 61 €7.0m 50 99 100 88 25 69 70 59 61 66 50 55 57 33 44 Share buyback 2023 25 25 25 completed IPO 10 2006 2008 2010 2012 20
Slide 18: Valuations of private companies are becoming more interesting and MBB's position is improving
Valuations of private companies are becoming more interesting and MBB’s position is improving The acquisition of LACOM shows that M&A Improvement of MBB‘s position becomes more interesting at current valuations Rising interest rates Acquisition of lead to increased borrowing costs and challenges in
Slide 19: A large part of the value of MBB is transparent
A large part of the value of MBB is transparent Sum-of-the-parts in €m* 240 321 Market capitalization Holding Fair Cash Value * Market capitalization of listed companies as per 24 November 2023; holding cash as per 31 Sep 2023 19
Slide 20: Contact
Contact MBB SE Joachimsthaler Straße 34 D-10719 Berlin Tel: +49 30 84415 330 Fax: +49 30 84415 333 Mail: anfrage@mbb.com Web: www.mbb.com 20
Slide 21: 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 22: MBB.COM
MBB.COM