Grammer Ag · XETR:GMM

Grammer — Investor Presentation (September 2019)

35 slides from Grammer's investor presentation, September 2019

Slide 1: ON THE MOVE – Investor Presentation September 2019
ON THE MOVE Investor Presentation September 2019 © GRAMMER AG 2019
Slide 2: Content
GRAMMER GROUP – INVESTOR PRESENTATION Content 1 GRAMMER Group Investment Highlights 2 GRAMMER Group Corporate Overview 3 GRAMMER Product Segment Overview 4 GRAMMER Group Financial Highlights 2018 and H1 2019 5 GRAMMER Strategy for Profitable Growth 6 GRAMMER Strategy for Leadership in Innovations 7
Slide 4: Well positioned for profitable growth & value generation
1 GRAMMER GROUP – INVESTMENT HIGHLIGHTS Well positioned for profitable growth & value generation Leading global player in the automotive and commercial vehicles industry for interior components and + seating systems + As an interior trendsetter, GRAMMER is ideally positioned to benefit from industry
Slide 6: Experienced management team in place
A GRAMMER GROUP – NEW EXECUTIVE BOARD Experienced management team in place Thorsten Seehars Jurate Keblyte Jens Öhlenschläger Chief Executive Officer (CEO) Chief Financial Officer (CFO) Chief Operating Officer (COO)  CEO of GRAMMER AG since August 2019  CFO of GRAMMER AG since August 2019  COO of
Slide 7: Leading global player for interior components and seating systems
2 GRAMMER GROUP – KEY FACTS Leading global player for interior components and seating systems Group revenues by region and division (FY 2018) Key OEM customers by region by division Automotive Commercial Vehicles Automotive EMEA 69% 64% APAC 16% Americas Commercial 20% Vehicles 31% Total: € 1.9 bill
Slide 8: Global production and R&D network
2 GRAMMER GROUP – GLOBAL FOOTPRINT Global production and R&D network Global Locations Americas: USA Mexico Brazil Argentina EMEA: Germany Belgium Italy Spain UK Czech Republic Poland Serbia Bulgaria Slovenia Turkey South Africa APAC: AMERICAS EMEA APAC World China India Revenues [FY 2018, € m.] ~ 40
Slide 9: Strong growth track record
2 GRAMMER GROUP – LONG-TERM GROWTH Strong growth track record Group revenues in € billion ~ 2.1 1.86 1.79 1.69 1.43 1.37 1.27 1.09 1.13 0.93 0.72 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019e Acquisition Acquisition Acquisition Acquisition EiA Electronics Nectec Reum Group TMD Group Sales
Slide 11: Automotive Division: premium innovative components for safety, comfort & functionality
3 GRAMMER PRODUCT SEGMENT OVERVIEW Automotive Division: premium innovative components for safety, comfort & functionality Headrests Consoles & Armrests Interior Components Functional Plastics © 2019 GRAMMER AG - Investor Presentation September 2019 Page 11
Slide 12: Automotive Division
3 GRAMMER PRODUCT SEGMENT OVERVIEW Automotive Division Headrests Consoles & Armrests Interior Components Functional Plastics Product Revenues Product Revenues Product Revenues Product Revenues (in % of total Division) (in % of total Division) (in % of total Division) (in % of total Division) 38% 45%
Slide 13: Commercial Vehicles Division
3 GRAMMER PRODUCT SEGMENT OVERVIEW Commercial Vehicles Division Agricultural & Construction Material Handling & Turf Truck & Caravan Railway & Bus Product Revenues Product Revenues Product Revenues Product Revenues (in % of total Division) (in % of total Division) (in % of total Division) (in % of t
Slide 14: Suspended seating systems for commercial vehicles, trucks, buses and trains
3 GRAMMER PRODUCT SEGMENT OVERVIEW Suspended seating systems for commercial vehicles, trucks, buses and trains Agricultural & Construction Material Handling & Turf Truck & Caravan Railway & Bus © 2019 GRAMMER AG - Investor Presentation September 2019 Page 14
Slide 16: Further topline growth
4 GRAMMER GROUP HIGHLIGHTS H1 2019 – FINANCIAL KEY FIGURES Further topline growth Highlights H1 2019 GRAMMER Group [in € m.]  Group revenue rose to EUR 1,051.5 million in H1 2019, Revenue Operational EBIT climbed 13.4% vs. previous year. The increase resulted primarily from the acquisition of the T
Slide 17: Milestone in the strategic transformation in NAFTA region
4 GRAMMER GROUP HIGHLIGHTS 2018 – ACQUISITION OF TMD GROUP Milestone in the strategic transformation of GRAMMER Group in NAFTA region Transaction Highlights TMD & GRAMMER combined North American footprint  Acquisition of TMD Group has been closed on October 01, 15 facilities 2018. Initial consolida
Slide 18: AllyGrow & GRAMMER joining forces to strengthen global R&D capabilities
4 GRAMMER GROUP HIGHLIGHTS 2018 – NEW JOINT TECH CENTER IN INDIA AllyGrow & GRAMMER are joining forces to strengthen global R&D capabilities GRAMMER Group global R&D footprint Impressions Tech Center Pune Troy, US Toledo, US Aartselaar, BE Changchun, CN Plymouth, US Tachov, CZ Amberg, DE Shanghai, C
Slide 20: Targeting growth in Americas and APAC regions
5 GRAMMER STRATEGY – PROFITABLE GROWTH Targeting growth in Americas and APAC regions GRAMMER Sales Projection and IHS Market Forecast Development of sales, breakdown by region 2018 - 2023e [global, in %, 2018 = 100%] [in %] Automotive Sales Projection GRAMMER Group 145% GRAMMER product sales + 40% E
Slide 21: Higher earnings potential through growth, efficiency and innovations
5 GRAMMER STRATEGY – PROFITABLE GROWTH Higher earnings potential through growth, efficiency and innovations Profitability Drivers GRAMMER future potential: Operating EBIT ~7% GROWTH EFFICIENCY INNOVATION 8% - 10% EBIT margin, in % breakdown by segment Strong market Higher R&D New interior share incr
Slide 22: Improved footprint, technology, product & customer portfolio via targeted M&A
5 GRAMMER STRATEGY – PROFITABLE GROWTH Improved footprint, technology, product & customer portfolio via targeted M&A activities GRAMMER‘s M&A and JV activities Americas Europe Asia 2018 Acquisition of TMD Group (US) 2015 Acquisition of Reum (GER & Pol.) 2018 JV w/ Allygrow in India (R&D) 1998 JV wit
Slide 24: Megatrends offering high potential for interior and seating specialists
6 GRAMMER GROUP – INNOVATIONS Megatrends offering high potential for interior and seating specialists Autonomous 1 driving Vehicle interiors will become a new, additional living & working space 1 Safety for people Electric & hybrid 2 drives Interior defines wellbeing & comfort level 2 Ergonomics of
Slide 25: New interior concepts & user experiences (UX) for future vehicle generations
6 GRAMMER GROUP – INNOVATIONS New interior concepts & user experiences (UX) for future vehicle generations Surfaces & Materials Electronics High-quality haptics, touch & feel E/E system integration Hygienic & "green" materials Mobile device integration Lightweight & composite materials E-drives & in
Slide 26: Numerous innovative concepts & solutions for all product segments
6 GRAMMER GROUP – INNOVATIONS Numerous innovative concepts & solutions for all product segments and applications Seating Solutions Interior Solutions New headrest system New multifunctional & ergonomic with sound, light & console/armrest concept automatic adjustments Fully powered Fully powered Capt
Slide 28: Overall positive market development expected, but uncertainties in car markets
7 MARKET EXPECTATIONS 2019 Overall positive market development expected, but uncertainties in car markets Europe USA Brasil China World Worldwide car production Source: IHS 08/2019 -3% -2% +/-0% -7% -4% Worldwide truck production Source: IHS 07/2019 -0.4% +3% +13% -14% -5% Flat to Source: John Deere
Slide 29: Further growth and improved profitability expected in 2019
7 GRAMMER GROUP – OUTLOOK 2019 Further growth and improved profitability expected in 2019 Actual 2018 Outlook 2019 Group sales revenue € 1.86 billion around € 2.1 billion IFRS EBIT € 49 million very clearly above prev. year GRAMMER Outlook Operating EBIT margin 4.1% > prev. year ROCE 10.5% > prev. y
Slide 31: Key Figures 1-6 2019
A GRAMMER GROUP Key Figures 1-6 2019 [IFRS in € million] Q2 2019 Q2 2018 Chg. 01-06 2019 01-06 2018 Chg. Group Revenues 517.4 473.2 9.3% 1,051.5 927.6 13.4% EBITDA 47.1 33.4 41.0% 91.3 65.4 39.6% EBITDA margin (in %) 9.1 7.1 2.0 %-points 8.7 7.1 1.6 %-points EBIT 26.2 21.5 21.9% 50.2 41.9 19.8% EBIT
Slide 32: Key Figures 5-year overview
A GRAMMER GROUP Key Figures 5-year overview [IFRS, in € million] 2018 2017 2016 2015 2014 Group Revenues 1,861.3 1,786.5 1,695.9 1,427.7 1,365.9 EBITDA 101.0 116.0 120.2 83.2 93.7 EBITDA-Margin 5.4% 6.5% 7.1% 5.8% 6.9% EBIT 48.7 66.5 73.0 42.7 57.0 EBIT-Margin 2.6% 3.7% 4.3% 3.0% 4.2% Profit after t
Slide 33: GRAMMER Share
A GRAMMER AG – SHARE PRICE DEVELOPMENT GRAMMER Share GRAMMER share price in €, December 31, 2015 until August 30, 2019 70 60 50 40 30 20 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Selected Broker Recommendations Top Shareholders Basic Sha
Slide 34: Financial Calendar and IR contact information
A GRAMMER GROUP Financial Calendar and IR contact information Financial Calendar 2019 Investor Relations Contact Interim Management Boris Mutius Statements Q3 / 2019 November 12, 2019 Head of Investor Relations, Communications, Marketing & CSR Phone: +49 (0)9621 66 2200 Fax: +49 (0)9621 66 32200 Ema
Slide 35: Legal disclaimer
GRAMMER AG Legal disclaimer By attending the presentation to which this document relates or by accepting this document and not immediately returning it, you agree to be bound to the following limitations: This presentation and the topics addressed therein have been compiled for discussion purposes o

Grammer — Investor Presentation (September 2019) on 6ix

Grammer — Investor Presentation (September 2019)

Slide 1: ON THE MOVE – Investor Presentation September 2019

Slide 2: Content

Slide 3: GRAMMER Group Investment Highlights

Slide 4: Well positioned for profitable growth & value generation

Slide 5: GRAMMER Group Corporate Overview

Slide 6: Experienced management team in place

Slide 7: Leading global player for interior components and seating systems

Slide 8: Global production and R&D network

Slide 9: Strong growth track record

Slide 10: GRAMMER Group Product Segment Overview

Slide 11: Automotive Division: premium innovative components for safety, comfort & functionality

Slide 12: Automotive Division

Slide 13: Commercial Vehicles Division

Slide 14: Suspended seating systems for commercial vehicles, trucks, buses and trains

Slide 15: GRAMMER Group Highlights 2018 and H1 2019

Slide 16: Further topline growth

Slide 17: Milestone in the strategic transformation in NAFTA region

Slide 18: AllyGrow & GRAMMER joining forces to strengthen global R&D capabilities

Slide 19: GRAMMER Strategy for Profitable Growth

Slide 20: Targeting growth in Americas and APAC regions

Slide 21: Higher earnings potential through growth, efficiency and innovations

Slide 22: Improved footprint, technology, product & customer portfolio via targeted M&A

Slide 23: GRAMMER Strategy for Leadership in Innovation

Slide 24: Megatrends offering high potential for interior and seating specialists

Slide 25: New interior concepts & user experiences (UX) for future vehicle generations

Slide 26: Numerous innovative concepts & solutions for all product segments

Slide 27: Outlook 2019

Slide 28: Overall positive market development expected, but uncertainties in car markets

Slide 29: Further growth and improved profitability expected in 2019

Slide 30: Appendix

Slide 31: Key Figures 1-6 2019

Slide 32: Key Figures 5-year overview

Slide 33: GRAMMER Share

Slide 34: Financial Calendar and IR contact information

Slide 35: Legal disclaimer