BAUER Aktiengesellschaft · HAM:B5A0

BAUER Aktiengesellschaft — 9M 2009 Earnings Presentation

37 slides from BAUER Aktiengesellschaft's earnings presentation, Nov 13, 2009

  1. Slide 1: BAUER Aktiengesellschaft Company Presentation first nine months 2009

    BAUER Aktiengesellschaft Company Presentation for the first nine months 2009 Munich, Germany – Small Olympic Hall 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen

  2. Slide 2: Key Figures first nine months 2009

    Key Figures first nine months 2009 Jan-Sep 2008 Jan-Sep 2009 Change in EUR million in EUR million in % Total Group revenues, of which 1,111.8 944.5 - 15.0 % - Germany 264.6 273.9 + 3.5 % - International 847.2 670.6 - 20.8 % - Construction 520.1 418.2 - 19.6 % - Equipment 569.5 472.2 - 17.1 % - Resou

  3. Slide 3: Contents

    Contents 1 BAUER Group 2 BAUER Construction / Equipment / Resources 3 German Construction Market 4 Financials first nine months 2009 5 Outlook 6 BAUER share 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 3

  4. Slide 4: BAUER Group

    1 BAUER Group Services, equipment & products dealing with ground and groundwater Construction Equipment  Target ~ 42 % of  Target ~ 42 % of total Group revenues total Group revenues  Global provider for  Market leader in specialist foundation specialist foundation engineering and equipment servi

  5. Slide 5: History of Bauer

    1 History of Bauer Two centuries of experience 1790 · 1900 · 1902 · 1928 · 1948 · 1956 · 1958 · 1967 · 1969 · 1972 · 1975 · 1976 · 1984 · 1990 · 1992 · 1994 · 1998 · 2001 · 2008 1790 1900-1970 1980-1990 2000-2008 End of 1970’s: Early 1980’s: 4. Jul 2006: FY 2008: Start of Selling of equipment to IPO

  6. Slide 6: Longstanding healthy business development

    1 Longstanding healthy business development Total Group revenues 1980 - 2008 43% Note: 2000 – 2002 based on HGB figures, from 2003 based on IFRS figures 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 6

  7. Slide 7: Leading position in highly specialised markets

    1 Leading position in highly specialised markets Worldwide network in main business segments Permanent Offices: BAUER Maschinen KSM, Construction Kurgan, Russia Equipment Resources BAUER Tianjin Technologies, Tianjin, China BAUER Manufacturing Inc. BAUER Group, new plant Edelshausen near GWE Group,

  8. Slide 8: Leading position in highly specialised markets

    1 Leading position in highly specialised markets Plant Aresing near Schrobenhausen, Germany 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 8

  9. Slide 9: What is specialist foundation?

    2 What is specialist foundation? Building an excavation pit Supporting Wall Ground Water Underpinning Injection Injection Anchor Pile Foundation Sealing Slab 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 9

  10. Slide 10: What is specialist foundation used for?

    2 What is specialist foundation used for? Applications for infrastructure projects Project portfolio: ~ 50 / 50 infrastructure (Government) / large industrial buildings  very little exposure to residential construction 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 10

  11. Slide 11: Construction

    2 Construction Abu Dhabi, UAE – Soil improvement for Cleveland Clinic 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 11

  12. Slide 12: Construction

    2 Construction Kuala Lumpur, Malaysia – Foundation for Setia Sky Complex 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 12

  13. Slide 13: Construction

    2 Construction Florida/Okeechobee, USA – Remediation of Herbert Hoover Dike 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 13

  14. Slide 14: Construction

    2 Construction Fischen im Allgäu, Germany – Mixed-in-Place (MIP) 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 14

  15. Slide 15: Construction

    2 Construction Schwäbisch Hall, Germany – Excavation pit for Kocherquartier 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 15

  16. Slide 16: Construction

    2 Construction München, Germany – Tunnel for Mittlerer Ring 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 16

  17. Slide 17: Equipment

    2 Equipment Schrobenhausen, Germany – in-house exhibition 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 17

  18. Slide 18: Equipment

    2 Equipment Product range: BG-systems (BG 12 - BG 40) Small-sized (BG 12 – BG 18) Medium-sized (BG 20 – BG 28) Large-sized (BG 36 – BG 40) BG 12 H BG 15 H BG 18 H BG 20 H BG 22 H BG 24 H BG 28 H BG 36 H BG 40 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 18

  19. Slide 19: Equipment

    2 Equipment Product range: Foundation Cranes MC 32 MC 64 MC RG 128 21 T 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 19

  20. Slide 20: Equipment

    2 Equipment Product range: Deep Drilling RB 50 TBA 200 TBA 300 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 20

  21. Slide 21: Equipment

    2 Equipment Product range: Other equipment KR 707 RG 21 T CBC 32 MC 64 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 21

  22. Slide 22: Resources

    2 Resources Materials (Water) Lesotho, South Africa – LDD Drilling with RB 40 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 22

  23. Slide 23: Resources

    2 Resources Exploration & Mining Jordan – Oil drilling rig Alaska, USA – RED DOG Mine 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 23

  24. Slide 24: Resources

    2 Resources Environment Katar – wetland for wastewater treatment 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 24

  25. Slide 25: Market environment - Germany

    3 Market environment - Germany German construction market Absolute Figures Change in % 2008 West Germany East Germany October 2009 West- East- 2008/ 2008/ Jan-Aug/ 2008/ 2008/ Jan-Aug/ Germany Germany 1994 2007 2009/2008 1994 2007 2009/2008 Employees in 1000 526,3 179,0 -46,7 -0,6 -0,2 -60,0 -2,9 -0

  26. Slide 26: Market environment - Trends

    3 Market environment - Trends Orders & US-Dollar exposure Order backlog (Orders in hand) US$ Exposure / Currency Risks Jan-Sep 2009 Reach in months  Decentralized sales network operating out in relation to total of Europe, Middle East, Far East, America with Group revenues > 100 subsidiaries full y

  27. Slide 27: Financial results

    4 Financial results Revenues Jan-Sep 2009 in EUR '000 Jan-Sep 2008 Jan-Sep 2009 change in % FY 2008 Total Group revenues 1.111.775 944.486 -15,0% 1.527.185 Sales revenues, Construction 445.399 347.701 -21,9% 584.339 Sales revenues, Equipment 414.807 327.755 -21,0% 601.230 Sales revenues, Resources 6

  28. Slide 28: Financial results

    4 Financial results Earnings Jan-Sep 2009 in EUR '000 Jan-Sep 2008 Jan-Sep 2009 change in % FY 2008 EBITDA 149.263 109.956 -26,3% 228.372 Margin (a) 16,0% 14,1% n/a 17,7% EBIT 108.373 60.003 -44,6% 167.465 EBIT margin (a) 11,7% 7,7% n/a 13,0% EBIT Construction segment 29.334 20.519 -30,1% 46.328 EBI

  29. Slide 29: Financial results

    4 Financial results Income statement Jan-Sep 2009 in EUR '000 Jan-Sep 2008 Jan-Sep 2009 change in % FY 2008 Consolidated revenues (P&L) 1.073.596 896.300 -16,5% 1.455.301 Sales revenues (P&L) 930.197 782.182 -15,9% 1.290.810 Material costs 603.462 462.390 -23,4% 815.615 Personnel costs 180.470 195.0

  30. Slide 30: Financial results

    4 Financial results Balance sheet September 30, 2009 in EUR '000 September 30, 2008 September 30, 2009 change in % Dec 31, 2008 Assets 1.044.322 1.256.111 20,3% 1.041.543 Intangible assets 14.210 23.214 63,4% 17.815 Property, plant and equipment 292.846 394.908 34,9% 334.636 Long term financial asse

  31. Slide 31: Financial results

    4 Financial results Cash flow statement Jan-Sep 2009 in EUR '000 Jan-Sep 2008 Jan-Sep 2009 change in % FY 2008 Operating cash flow 46.223 -25.000 n/a 120.811 Investing cash flow -75.078 -88.569 18,0% -123.477 Financing cash flow 36.365 130.841 259,8% 6.452 Free Cash Flow -28.855 -113.569 n/a -2.666

  32. Slide 32: Regional breakdown

    4 Regional breakdown Total Group revenues Jan-Sep 2009 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 32

  33. Slide 33: Regional breakdown

    4 Regional breakdown Construction, Equipment, Resources Jan-Sep 2009 Figures after deducting Other/Eliminations/Consolidations 10-01-01 IR-Presentation_9M_2009 © BAUER AG, D-86529 Schrobenhausen 33

  34. Slide 34: Outlook 2009

    5 Outlook 2009 Strengths & Chances  Strategic focus on business model with three forward-looking business segments and global presence with flexible, decentralized management organisation proves to be advantageous.  Construction segment is stabilizing segment with considerable number of major proj

  35. Slide 35: BAUER share

    6 BAUER share  Listed on Frankfurt stock exchange, Share performance (since 1st of July) Prime Standard since July 4, 2006 MDAX  Listed in MDAX since September 22, 2008 DAX  Shares issued 17,131,000  Issue price EUR 16.75 BAUER AG Trading volume  Earnings per share 2008 EUR 6.09 (2007 EUR 4.23)

  36. Slide 36: BAUER Aktiengesellschaft

    BAUER Aktiengesellschaft ISIN DE0005168108 Reuters B5AG.DE Bloomberg B5A GR Listing Indices MDAX C-DAX GEX Classic All Share Prime All Share Investor Relations BAUER Aktiengesellschaft BAUER-Straße 1 D - 86529 Schrobenhausen Tel.: +49 8252 97-1918 Fax: +49 8252 97-2900 investor.relations@bauer.de ww

  37. Slide 37: Disclaimer

    Disclaimer This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts, including statements about our beliefs, intentions, expectations, predictions and the assumptions underlying them. These statements are based on factors as they

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