Mbb Se · XETR:MBB
Mbb — Non-Deal Roadshow (October 2017)
21 slides from Mbb's roadshow presentation, Oct 9, 2017
Slide 1: Company presentation – US West Coast & New York City Roadshow
Company presentation MBB SE US West Coast & New York City Roadshow 9 - 11 October 2017
Slide 2: Mission: listed family business generating growth through technological expertise
Mission: As a listed family business, MBB generates exceptional revenues and value growth through technological expertise Growth Family Capital business markets Technology competence Mittelstand 2
Slide 3: Above 20% average growth since IPO
Above 20% average growth since IPO Revenues Result +798% +741% CAGR +22% CAGR +21% 332.2 14.3 37.0 1.7 2005 2016 2005 2016 in millions of € in millions of € IPO: 9 May 2006 based on 2005 financial statements 3
Slide 4: First half of 2017 with record revenues and result
First half of 2017 with record revenues and result Revenues Result +22% +15% 193.9 8.3 7.2 159.4 H1 H1 H1 H1 2016 2017 2016 2017* in millions of € in millions of € * Partial disposal of the shareholding in Aumann AG with effective date 31 March 2017. Accordingly, the minority share increases from Q2
Slide 5: First half year is in line with the forecast for the full year
First half year is in line with the forecast for the full year Revenues Result Achieved: Achieved: 50% 58% 390.0 >14.3 8.3 193.9 H1 Forecast H1 Forecast 2017 2017 2017* 2017 in millions of € in millions of € * Partial disposal of the shareholding in Aumann AG with effective date 31 March 2017. Accor
Slide 6: Balance sheet enables extraordinary growth
Balance sheet enables extraordinary growth in millions of € 491 491 103 Non-current assets (21%) 298 Current assets** 141 (61%) Equity (29%) 247 Cash* (50%) 136 €190m (27%) Other liabilities Net-cash 57 (12%) Financial liabilities Assets Equity & Liabilities As of 30 June 2017 * Liquidity & securiti
Slide 7: Reliable dividend policy
Reliable dividend policy Dividend payments in € per share 1.22 0.61 0.50 0.25 0.55 0.57 0.59 0.61 CAGR +20% since 2007 0.50 without special dividends 0.44 0.33 0.25 0.25 0.25 IPO 0.10 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2x 2x Share repurchase program 7
Slide 8: Double digit growth due to focus on trends
Double digit growth due to focus on trends Revenue development E-mobility IT Security Cost leadership chemical +46% p.a. products +11% p.a. 44 +16% p.a. 156 36 34 35 20 33 18 102 107 103 96 94 28 14 22 12 67 66 20 11 12 9 7 09 10 11 12 13 14 15 16 17e 09 10 11 12 13 14 15 16 17e 09 10 11 12 13 14 15
Slide 9: Strategic portfolio management with focus on megatrends
Strategic portfolio management with focus on megatrends Megatrend Some numbers MBB portfolio strategy 32 million EVs sold in 2025 Aumann as market leader for e-mobility solutions 32 % achievement of CO2 reduction target by lightweight structures Delignit as leading supplier of ecologi- cal products
Slide 10: Aumann – a pioneer of the e-mobility revolution
Aumann – a pioneer of the e-mobility revolution with potential to dominate the market Aumann AG Revenue development and MBB’s investment strategy Future Strategy ~€500m ~€500m revenues in 2021 with 75% of e-mobility share Capacity increase based on organic growth and strategic M&A Internationalisati
Slide 11: DTS – a class of its own in Cyber Security
DTS – a class of its own in Cyber Security DTS IT AG Revenue development and MBB’s investment strategy Future Strategy €100m €100m revenues based on organic growth and M&A Boost managed security services Increase recurring revenues from cloud based services ~€50m 2017 Recurring revenues from cloud b
Slide 12: DTS – leverage Cyber Security boom with integrated solutions ecosystem
DTS – leverage Cyber Security boom with integrated solutions ecosystem Vendor relationship with Palo Alto Networks DTS’ ecosystem of integrated Number of Palo Alto customers and collaboration with DTS security solutions 30k Palo Alto Networks 25k (incl. cloud-based solutions from DTS datacenter) 20k
Slide 13: CTF – first mover in full service offering for e-commerce mattress retailers
CTF – first mover in full service offering for e-commerce mattress retailers CT Formpolster GmbH Revenue development and MBB’s investment strategy Future Strategy €50m Further expand business for e-commerce retail customers Also attract offline customers for drop-shipping offering Development of new
Slide 14: CTF – profiting from revolutionary shift in mattress sales channels
CTF – profiting from revolutionary shift in mattress sales channels Estimated revenues bedding industry in Germany in millions of € Online mattress players CAGR +28% Bett1/Bodyguard (since 2010) Casper (since 2013) 10,000 10,000 10,000 10,000 10,000 Bettzeit/Dormando/Emma/Felix (since 2013) Cubitabo
Slide 15: M&A has been the key value creator in MBB's past
M&A has been the key value creator in MBB’s past – bright future based on €250m of liquidity Add-on target Future value creation based on €250m liquidity, Aumann i.e. ~€400m of "dry powder" Winding & Add-on Add-on Automation target target (USA) Aumann/ HTZ ICS Aumann Holz- Today’s valuation Berlin m
Slide 16: MBB in five years: €750 million revenues in 2022
MBB in five years: €750 million revenues in 2022 Growth targets Revenues in millions of € Revenues +15% p.a. EBITDA margin >10% 750 Increasing dividends 390 253 SDAX Listing 115 37 2005 2010 2015 2017e Vision 2022 16
Slide 17: Financial calendar
FINANCIAL CALENDAR Metzler Small & Mid Cap Conference, Frankfurt a. M. 29 March 2017 23rd MKK, Munich 27 April 2017 8th DVFA, Frankfurt a. M. 08 May 2017 Goldman Sachs Small & Mid Cap Symposium, London 10 May 2017 Annual General Meeting 28 June 2017 Sector Conference Commerzbank, Frankfurt a. M. 30
Slide 18: Factsheet
FACTSHEET COMPANY Executive Management BOARD MBB SUBSIDIARIES (Holding) MBB SE is a medium-sized family business which is Dr Christof Nesemeier (CEO)* Gert-Maria Freimuth (Chairman)* Aumann (53.6%) growing organically as well as acquisition based since Anton Breitkopf Dr Peter Niggemann (Vice Chairm
Slide 19: Contact
CONTACT MBB SE Joachimsthaler Straße 34 D-10719 Berlin Tel: +49 30 84415 330 Fax: +49 30 84415 333 Mail: request@mbb.com Web: www.mbb.com 19
Slide 20: Disclaimer
DISCLAIMER The information in this presentation is not an offer for sale or request to submit a bid to purchase or subscribe to shares of MBB SE shares; it is for information purposes only. German legal framework The information in this presentation is intended solely for persons who have a resident
Slide 21: MBB.COM
MBB.COM