Mbb Se · XETR:MBB
Mbb — Investor Presentation (March 2016)
24 slides from Mbb's investor presentation, March 2016
Slide 1: Company presentation
Company presentation MBB SE March 2016
Slide 2: Mission: MBB is a listed family business
Mission: MBB is a listed family business that generates exceptional sales and value growth with technological expertise Growth Family Capital business market Technological expertise Mittelstand 2
Slide 3: 20% average annual growth rate since IPO
20% average annual growth rate since IPO 2005 2016 ~300 REVENUES Growth + 711% 21% p.a. 37 ~13.2 Growth EARNINGS + 676% 20% p.a. 1.7 in millions of € 3
Slide 4: MBB exceeds management forecast
MBB exceeds management forecast Revenues Earnings 252.8 1.78 250.0 1.75 Forecast Actual Forecast Actual 2015 2015 in millions of € in € per share 4
Slide 5: Substance wins: 39% equity ratio and €8 million net cash
Substance wins: 39% equity ratio and €8 million net cash in millions of € 223 223 Non-current assets 84 88 Equity (38%) (39%) Current assets** 85 89 (38%) Other liabilities (40%) Cash* 54 46 (24%) (21%) Financial liabilities Assets Equity and liabilities As of 31 December 2015 * Liquidity & securiti
Slide 6: Dividend increases also in 2016
Dividende increases also in 2016 in € per share 0.50 0.25 0.55 0.57 0.59 CAGR + 22% 0.50 0.44 0.33 0.25 0.25 0.25 0.10 IPO 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016e* Share repurchase program 2x * Board proposal for the Annual General Meeting on 30 June 2016 in Berlin 6
Slide 7: MBB expects €300 million in revenues in 2016
MBB expects €300 million in revenues in 2016 Aumann Coil winding technology (MBB company since 2015) MBB Fertigungstechnik Special machinery manufacturer (MBB company since 2012) 300 CT Formpolster Soft foams (MBB company since 2010) DTS IT-Services (MBB company since 2008) Hanke Tissue Tissue produ
Slide 8: MBB subsidiaries are market leaders in niches
MBB subsidiaries are market leaders in niches Leading supplier for coil winding technology and automation solutions for E-Mobility Assembly lines for built passenger and commercial vehicle camshafts Welding systems for premium car axes Central supplier and logistics partner of the largest independen
Slide 9: All MBB subsidiaries are growing over time
All MBB subsidiaries are growing over time + ab 2016 +10% p.a. +17% p.a. +11% p.a. 36 34 14 33 12 12 102 107 103 96 28 11 22 9 67 66 20 7 09 10 11 12 13 14 15e 16e 09 10 11 12 13 14 15e 16e 09 10 11 12 13 14 15e 16e +4% p.a. +12% p.a. +12% p.a. 20 21 30 18 18 18 19 43 23 22 23 24 34 36 18 31 26 22 0
Slide 10: MBB growth paths
MBB growth paths 1 ORGANIC 2 BUY AND BUILD 3 NEW Investments in our Acquisitions of new Acquisitions of new companies subsidiaries for our companies companies 10
Slide 11: CT Formpolster grows by increasing added value
CT Formpolster grows by increasing added value From foaming unit to a One-Stop-Shop for mattresses Revenue performance +6% p.a. Foam- Mattresses- Drop Design production manufacturing Shipping 19.8 20.5 17.7 18.5 Efficient processes thanks automotive experience 2011 2012 2013 2014 2015e 2016e Revenue
Slide 12: Online-traders trust in the new competences of CT Formpolster
In particular online-traders trust in the new competences of CT Formpolster Drop-Shipping allows online-traders to focus on the frontend Growth in drop-Shipping volume at CT Formpolster End customer orders 350% at online-trader 230% 150% 100% Delivery to end Online-trader customer forwards order Q1.
Slide 13: OBO acquired tooling business from Huntsman
OBO acquired tooling business from Huntsman Revenue split 2009 Master- distributor OBO-Festholz® for liquids by (hard wood) Huntsman €7 million revenues PU boards Revenue split 2016e Production €20 million of pastes and revenues EP boards PU/EP liquids PU/EP seamless modelling paste EP boards PU boa
Slide 14: Acquisition of Aumann – coil winding technology and E-Mobility
Acquisition of Aumann – growth in the fields of coil winding technology and E-Mobility Coil winding technology + 13% p.a. 40 33 34 30 27 2012 2013 2014 2015e 2016e 2017 Revenues in millions of € Founded in 1936 by Willy Aumann Applications MBB holds 75% since 19 November 2015 Today 170 employe
Slide 15: Aumann benefits from strong market growth
Aumann benefits from strong market growth Aumann‘s Aumann‘s markets growth trends Automotive E-Mobility Appliances Energy efficiency Recreation Electrification Medical E-Health Industrial Regulation 15
Slide 16: Stronger together: Aumann + MBB Fertigungstechnik
Stronger together: Aumann + MBB Fertigungstechnik + Global machine Locations Germany, USA Germany, China manufacturer Expectation 2016 Expectation 2016 Revenues > €140 million ~ €40 million ~ €100 million Employees 170 340 > 500 employees E-Mobility Conventional drive Markets Medical Aerospace Diver
Slide 17: Aumann hits the M&A jackpot
Aumann hits the M&A jackpot Niche market player with established business model High and long-term value growth potential Experienced, highly motivated and participating managers Majority stakes Preferably in the German Mittelstand 17
Slide 18: MBB SE with €500 million revenues in 2020
MBB SE with €500 million revenues in 2020 Growth targets Revenues in millions of € Revenues 15% p.a. EBITDA margin > 10% 500 Increasing Dividends 300 253 Financial Solidity 115 37 2005 2010 2015 2016 2020 18
Slide 19: MBB share price development and analyst targets
MBB share price development and analyst targets as of March 2016 440% €34,50 BUY Value Depesche 420% €33,50 BUY SMC Research 400% 380% WGZ Bank Research 360% €30 BUY Hauck & Aufhäuser 340% 320% 300% 5Y + 287 % 280% Current share price: €25 260% 240% 220% 200% 180% 160% 140% 120% MBB SE 100% 80% MDAX
Slide 20: Factsheet
Factsheet COMPANY Executive Management BOARD MBB SUBSIDIARIES MBB SE is a family run group of German Mittelstand Dr Christof Nesemeier (CEO) Gert-Maria Freimuth (Chairman) Aumann companies with technological and engineering Anton Breitkopf Dr Peter Niggemann (Vice Chairman) CT Formpolster expertise.
Slide 21: Financial calendar
FINANCIAL CALENDAR Prior Capital Market Conference 8 March 2016 21st Munich Capital Market Conference 27-28 April 2016 Annual Report 2015 29 April 2016 Quarterly Report Q1.2016 31 May 2016 Annual General Meeting 30 June 2016 Quarterly Report Q2.2016 31 August 2016 German Equity Forum 21-23 November
Slide 22: 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 23: Contact
CONTACT MBB SE Joachimsthaler Straße 34 D-10719 Berlin Tel: 030-844 15 330 Fax: 030-844 15 333 Mail: request@mbb.com Web: www.mbb.com 23
Slide 24: MBB.COM
MBB.COM 24