Ringmetall Se · XETR:HP3A
Ringmetall — Investor Presentation (August 2018)
25 slides from Ringmetall's investor presentation, August 2018
Slide 1: Secure Industrial Packaging & Handling Solutions. Worldwide.
Secure Industrial Packaging & Handling Solutions. Worldwide. Company Presentation August 2018
Slide 2: Company Snapshot
EXECUTIVE SUMMARY Company Snapshot § Worldwide leading specialist for packaging and handling solutions § World market leader for drum closure systems § Strong footprint in specialty goods industries worldwide (e.g. Chemicals, Petrochemicals, Pharmaceuticals, Food Industry) § Strong international bra
Slide 3: Key Milestones in Company History
COMPANY OVERVIEW Key Milestones in Company History 1997 Company Foundation as H.P.I. Holding AG 1998 Acquisition of August Berger 2007 IPO of HPI Holding AG 2012 Market Entry China Acquisition of production sites in Italy and Turkey 2013 Acquisition in Industrial Handling Division (Germany) Acquisit
Slide 4: Management & Supervisory Board
COMPANY OVERVIEW Management & Supervisory Board Christoph Petri Thilo von Selchow Spokesperson of the Chairman of the Executive Board Supervisory Board joined in 2011 joined in 2015 Konstantin Winterstein Markus Wenner Member of the Deputy Chairman of the Executive Board Supervisory Board joined in
Slide 5: Group Structure
COMPANY OVERVIEW Group Structure HOLDING DIVISIONS INDUSTRIAL PACKAGING INDUSTRIAL HANDLING BRANDS CLIENTS PHARMACEUTICAL, CHEMICAL, PETROCHEMICAL AS WELL AS FOOD PROCESSING INDUSTRIES August 2018 Company Presentation 5
Slide 6: Unique market position
COMPANY OVERVIEW Unique market position Years of experience and In-house development and well-trained staff ensure tight customer relations optimal workflow and ensure highest level of High High Degree of product innovation problem solving capabilities Expertise Innovation High Degree of Worldwide Q
Slide 7: Divisions: Industrial Packaging
COMPANY OVERVIEW Divisions: Industrial Packaging DIVISION INDUSTRIAL PACKAGING PRODUCTS § Drum closure systems, lids and gaskets § Locking rings, handles and accessories § Key clients in the pharmaceutical, chemical petrochemical and food processing industries CLIENTS § Two biggest clients account f
Slide 8: Industrial drum specifications
COMPANY OVERVIEW Industrial drum specifications INTER BULK STEEL DRUM PLASTIC DRUM FIBER DRUM PAIL CONTAINER OPEN TOP / CLOSED TOP FACTORY NEW / RECONDITIONED Ringmetall manufactures 2.000+ certified Gaskets & and tailor-made drum closure systems Lids August 2018 Company Presentation 8
Slide 9: Typical components of open top drums
COMPANY OVERVIEW Typical components of open top drums Lid & Single components combine to Gasket one UN-certified unit: • Declaration regarding use for Clamping chemicals / pharmaceuticals / Ring dangerous goods / food industry • Single components cannot be exchanged without recertification • Clampin
Slide 10: Divisions: Industrial Handling
COMPANY OVERVIEW Divisions: Industrial Handling DIVISION INDUSTRIAL HANDLING PRODUCTS § restraint systems & accessories for forklifts § break and clutch pedals § special trailer hitches for trucks and tractors for agriculture & forestry § Add-on business to existing client structure CLIENTS § stable
Slide 11: International Key Clients (excerpt)
COMPANY OVERVIEW International Key Clients (excerpt) INDUSTRIAL PACKAGING INDUSTRIAL HANDLING > 70 % worldwide market share August 2018 Company Presentation 11
Slide 12: Global Ringmetall Network
COMPANY OVERVIEW Global Ringmetall Network § Worldwide market share dominance is supported by a worldwide network of production sites and sales teams § Eight production sites in Europe, two sites in Asia, three sites in the US § Short transport routes to clients are key to operational success August
Slide 13: Global Industrial Packaging Market
MARKET OVERVIEW Global Industrial Packaging Market Global Market Size 2016: 2023: USD 53.7 bn CAGR 4 % USD 69.8 bn Global Industrial Packaging Market by Application 30.3 % 15.8 % 27.3 % 13.1 % 6.9 % 6.6 % Chemical & Building & Food & Oil & Agriculture & Others Pharmaceutical Construction Beverages L
Slide 14: Acquisition of Latza in July 2017
M&A TRACK RECORD Acquisition of Latza in July 2017 Innovative clamping ring producer based in Attendorn, Germany • Acquisition of 100% of shares (share deal), full integration planned • Revenue contribution of EUR 4 - 5 million p.a. • Purchase price at conservative level • 3,000 m2 production area,
Slide 15: 5 year comparison
FINANCIALS 5 year comparison IFRS, in EUR `000 2017 2016 2015* 2014* 2013* Revenues 102.348 94.294 66.678 65.828 46.498 Gross profit 45.356 41.678 31.209 31.841 21.893 EBITDA 12.041 11.194 5.438 6.965 3.035 EBIT 10.035 9.267 1.372 2.946 315 Net Income 7.135 5.701 -169 1.784 -662 Capital Assets 34.86
Slide 16: Financials 2018: Q1 2018
FINANCIALS 2018 Q1 2018 IFRS, in EUR ´000 Q1 2018 Q1 2017 ∆ [abs.] ∆ [%] Revenues 28,429 26,663 1,766 6.6% Gross profit 12,166 11,810 356 3.0% Gross margin 42.8% 44.3% EBITDA 2,939 3,295 -356 -10.8% EBITDA margin 10.3% 12.4% EBIT 2,360 2,706 -346 -12.8% EBIT margin 8.3% 10.1% Industrial Packaging [m
Slide 17: 2018 - good market environment
OUTLOOK 2018 - good market environment Revenues 2018 (e) 107.0 – 112.0 mEUR EBITDA 2018 (e) slightly improved § Revenues outlook includes organic growth only § EBITDA outlook includes one-offs for planned uplisting (General Standard) including prospectus as well as switch to IFRS accounting standard
Slide 18: Mid-term growth potential
COMPANY OVERVIEW Mid-term growth potential Organic and inorganic growth triggers 2021e § Expand business organically to > EUR 200 m South America and South-East Asia § Smaller buy-outs of drum closure productions from drum manufacturers § Larger M&A transactions in related industries § Lids and gask
Slide 19: Share price development vs. SDAX
COMPANY VALUATION Share price development vs. SDAX 5,00 SDAX ind. Ringmetall 4,75 4,50 4,25 4,00 3,75 3,50 3,25 3,00 2,75 2,50 Jan Feb Mär Apr Mai Jun Jul Aug Sep Okt Nov Dez Jan Feb Mär Apr Mai Jun Jul Aug 2017 2018 Ticker Symbol: HP3 Shares Outstanding: 29,069,040 ISIN: DE0006001902 Market Cap: ca
Slide 20: Shareholder Structure
COMPANY VALUATION Shareholder Structure Successful uplisting into Regulated Market of Deutsche Börse Free float 39,20% § Switch to General Standard as of 31 July 2018 Management § Shareholder Structure (Pool) public for the first time 54,34% after initial voting rights notifications § Management poo
Slide 21: Profit & Loss Statement
FINANCIALS 2017 Profit & Loss Statement IFRS, in EUR `000 2017 2016 ∆ [abs.] ∆ [%] Revenues 102,348 94,294 8,054 8.5% Cost of materials -57,032 -52,967 -4,065 7.7% Cost of personnel -20,101 -18,633 -1,468 7.9% Other operating expenses -14,060 -12,052 -2,008 16.7% Other taxes -353 -445 92 -20.7% EBIT
Slide 22: Balance Sheets - Assets
FINANCIALS 2017 Balance Sheets - Assets IFRS, in EUR ´000 31.12.17 31.12.16 ∆ [abs.] ∆ [%] Non-current Assets 35,810 35,855 -45 -0.1% thereof Intangible assets 321 169 152 89.9% thereof Goodwill 22,211 22,397 -186 -0.8% thereof Property, plant and equipment 12,189 12,288 -99 -0.8% thereof Other non-
Slide 23: Balance Sheets - Liabilities
FINANCIALS 2017 Balance Sheets - Liabilities IFRS, in EUR `000 31.12.17 31.12.16 ∆ [abs.] ∆ [%] Equity 39,102 26,305 12,797 48.6% thereof Share capital 27,685 25,168 2,517 10.0% thereof Capital reserve 12,532 5,573 6,959 124.9% thereof Currency translation differences outside -2,131 -231 -1,900 822.
Slide 24: Cash flow Statement
FINANCIALS 2017 Cash flow Statement IFRS, in EUR `000 2017 2016 ∆ [abs.] ∆ [%] Cash & cash equivalents as of 1 Jan 5,265 2,319 2,946 127.0% Cash flow from operations 9,922 7,936 1,986 25.0% Cash flow from investments -5,108 -3,238 -1,870 57.8% Cash flow from financing 4,906 -1,609 6,515 404.9% Cash
Slide 25: Contact
CONTACT Ingo Middelmenne Investor Relations Ringmetall AG Innere Wiener Str. 9 81667 Munich Mobile +49 174 9091190 Fax +49 89 4522098 22 Email info@ringmetall.de Web www.ringmetall.de DISCLAIMER This presentation contains forward-looking statements based on estimates of the management of Ringmetall