Grammer Ag · XETR:GMM
Grammer — Investor Presentation (June 2015)
25 slides from Grammer's investor presentation, June 2015
Slide 1: Investor Presentation June 2015
GRAMMER GROUP Investor Presentation June 2015
Slide 2: Corporate Overview
CORPORATE OVERVIEW NG GRAMMER
Slide 3: GRAMMER Group – Key Facts
GRAMMER GROUP – KEY FACTS Leading global player in the automotive and commercial vehicle industry Highlights Financials [in € million] Leading manufacturer of innovative interior 2014 2013 2012 systems and components for passenger cars & commercial vehicles Revenues 1,366 1,266 1,133 Growth in % +8%
Slide 4: GRAMMER Group – Global Footprint
GRAMMER GROUP – GLOBAL FOOTPRINT Global player on 4 continents with a strong international production & R&D network GRAMMER locations with R&D hubs GRAMMER production & sales locations Americas Germany Europe Asia / Row Total (w/o Germany) # of locations* 8 8 14 7 37 thereof plants w/ R&D 2 2 2 4 10
Slide 5: Automotive – Product Portfolio
GRAMMER AUTOMOTIVE – PRODUCT PORTFOLIO Premium interior components for maximum in safety, comfort & functionality Headrests Consoles functional and safety headrestraint systems center consoles comfort and multimedia headrestraint systems armrests Copyright 2015 GRAMMER AG - Investor Presentation Jun
Slide 6: Seating Systems – Product Portfolio
GRAMMER SEATING SYSTEMS – PRODUCT PORTFOLIO Highly innovative seating solutions and broad product portfolio for all applications Offroad Truck & Bus Railway agricultural construction truck driver seats railway passenger seats material handling turf care bus driver & passenger seats railway driver se
Slide 7: Divisions – Key Facts
GRAMMER DIVISIONS – KEY FACTS Interior components for light vehicles & suspended seats for commercial vehicles Automotive – Highlights Seating Systems – Highlights Experienced global supplier with focus on high- Global market leader for suspended seating quality interior products for premium manufac
Slide 8: Group – Global Growth Strategy
GROUP – GLOBAL GROWTH STRATEGY
Slide 9: Global Growth Strategy
GRAMMER GROUP – GLOBAL GROWTH STRATEGY Main pillars of GRAMMER’s strategy secure future growth Bild / Kollage tbd 1 Growth in all core REGIONS 2 Growth with larger CUSTOMER base 3 Growth with innovative PRODUCTS 4 Growth fuelled by MEGATRENDS Copyright 2015 GRAMMER AG - Investor Presentation June 20
Slide 10: Global Growth Strategy – Strong global set-up outside Europe
GRAMMER GROUP – GLOBAL GROWTH STRATEGY 1 – Strong global set-up as basis to utilize growth potential outside of Europe GRAMMER’s product sales by region Highlights Importance of the Americas & Asia China has grown significantly 20% Growth in Asia and Americas >100% is based on our excellent set- 15%
Slide 11: Global Growth Strategy – Regional expansion for local customers
GRAMMER GROUP – GLOBAL GROWTH STRATEGY 2 – Regional expansion for increased penetration of local customers GRAMMER’s Automotive sales by customer group Highlights “Follow your customer” strategy results in strong Other growth outside of Europe 35% OEMs Successful acquisition of new >100% customers i
Slide 12: Global Growth Strategy – Product innovators
GRAMMER GROUP – GLOBAL GROWTH STRATEGY 3 - Global acting product innovators have best changes for long-term success Complete headrest program Suspended truck seats for for Jaguar Land Rover fleet local market in China First center console for Integrated seat/armrest BMW (active tourer) systems for f
Slide 13: Global Growth Strategy – Megatrends drive long-term growth
GRAMMER GROUP – GLOBAL GROWTH STRATEGY 4 – Global megatrends drive long-term growth of vehicle markets Population Growth Mobility Today: 7.2 bn., 2050: ~10 bn. people Total car stock (new & existing) will triple to more 2050: 1/3 will live in only 2 countries: China & India than 2.5 billion vehicles
Slide 14: Summary – Growth strategy can outperform market growth
GRAMMER GROUP – GLOBAL GROWTH STRATEGY Summary – GRAMMER's growth strategy can clearly outperform market growth Expected 5-year development GRAMMER Group & vehicle markets Strategy Summary 2014 = 100% Strong global presence 160% in all core markets and GRAMMER Group product sales regions Global pass
Slide 15: Q1 2015 & Outlook 2015
" 1 y = Q1 2015 & OUTLOOK 2015 NG GRAMMER
Slide 16: Highlights Q1 2015
GRAMMER GROUP – HIGHLIGHTS Q1 2015 Continuing growth and positive earnings development Highlights GRAMMER Group Q1 2015 Group Revenues & EBIT [in € million] Group revenues above previous year (+7%) 2015 adj. +7% despite declining Seating markets EBIT margin 353 4.4% Growth in Automotive (+17%) based
Slide 17: Market Outlook 2015
GRAMMER GROUP – MARKET OUTLOOK 2015 Global car continue to grow. Decline of the commercial vehicles markets Global passenger car production Global production of heavy trucks [in % vs. previous year] [in % vs. previous year] Trend Trend 2014 2015 2014 2015 Europe +3% Europe -6% North America +5% Nort
Slide 18: Outlook 2015
GRAMMER GROUP – OUTLOOK 2015 Outlook confirmed: Revenues more than 1.4 billion Euros. EBIT on previous year GRAMMER Group – Outlook 2015: Revenue: Appreciable increase in revenue to more than 1.4 billion Euros The strong order book and additional customer projects in the Automotive division are the
Slide 19: Backup Information
:} 4 i t. ASF ine z | — tal _ z BACKUP INFORMATION NG GRAMMER
Slide 20: GRAMMER AG – Share Price Development
GRAMMER AG – SHARE PRICE DEVELOPMENT Share price impacted by volatile stock markets. Market cap. 399 € m. Share price development January 2015 – April 2015 125% 34.53 € 04/30/15 100% GRAMMER AG SDAX Index 75% Dec Jan Feb Mar Apr Basic share data Shareholder structure ISIN ISIN DE000589540 DE00058954
Slide 21: Long-term Growth
GRAMMER GROUP – LONG-TERM GROWTH Strong track record of revenue growth Group revenues in € billion – 10 year development: 1.37 +65% since 2004 +90% since 2009 1.27 CAGR 10-year: 5% CAGR 5-year: 13% 1.13 1.09 1.00 1.01 0.93 0.86 0.89 0.82 0.72 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Co
Slide 22: Key Figures Q1 2015
GRAMMER GROUP Key Figures Q1 2015 [IFRS, in € million] Q1 2015 Q1 2014 Chg. Group Revenues 352.7 330.8 6.6% EBITDA 26.2 23.4 12.0% EBITDA-Margin 7.4% 7.1% 0.3 %-P EBIT 16.5 14.8 11.5% EBIT-Margin 4.7% 4.5% 0.2 %-P Profit after taxes 9.8 8.5 15.3% EPS in € 0.87 0.78 11.5% Total Assets 864.5 778.2 11.
Slide 23: 5-year development
GRAMMER GROUP 5-year development [IFRS, in € million] 2014 2013 2012 2011 2010 Group Revenues 1.365.9 1.265.7 1.133.0 1.093.5 929.7 EBITDA 93.7 92.3 78.1 76.9 59.2 EBITDA-Margin 6.9% 7.3% 6.9% 7.0% 6.4% EBIT 57.0 58.0 49.0 49.4 32.9 EBIT-Margin 4.2% 4.6% 4.3% 4.5% 3.5% Profit after taxes 33.6 29.6 2
Slide 24: Financial Calendar and IR Contact
GRAMMER GROUP Financial Calendar and IR Contact Financial Calendar 2015 Investor Relations Contact Annual General Meeting: May 20, 2015 Ralf Hoppe VP Investor Relations, Communications, Marketing & Strategic Product Planning Interim Report Q2/2015: August 05, 2015 Interim Report Q3/2015: November 04
Slide 25: Legal Disclaimer
GRAMMER GROUP Legal Disclaimer This presentation has been prepared by Grammer AG solely for investor meetings in June 2015. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securities issued by Gram