Blue Cap Ag · XETR:B7E
Blue Cap — Deutsches Eigenkapitalforum (EKF) 2024
23 slides from Blue Cap's conference presentation, Nov 25, 2024
Slide 1: Investor Presentation
Investor Presentation Deutsches Eigenkapitalforum (EKF) Dr. Henning von Kottwitz, CEO Frankfurt, 25 November 2024
Slide 2: Blue Cap AG at a glance: Specialized in SME turnarounds
Blue Cap AG at a glance: Specialized in SME turnarounds, we develop clear strategies for companies' futures Overview Highlights 2024 Perspective ▪ Listed Private Equity ▪ Strong overall EBITDA ▪ Acquisitions ▪ SMEs ▪ Two exists completed ▪ Dividend ▪ 6 portfolio companies successfully ▪ Moderate mar
Slide 3: Listed private equity with its DNA in transformation and turnaround
Listed private equity with its DNA in transformation and turnaround BUY TRANSFORM SELL Where do we invest? How do we create value? When do we sell? Special situations Active portfolio management Stringent exit strategy based on People & Culture ▪ Exit plan from day one of acquisition Solid core busi
Slide 4: Buy: Focus on special situations targets with restructuring need
Buy: Focus on special situations targets with restructuring need Industrial SMEs with economically sustainable & scalable business models Outperforming Performing In specific cases Blue Cap’s main Underperforming Core focus competences & capabilities Distressed In specific cases Insolvency Underlyin
Slide 5: Transform: established transformation radar for value creation
Transform: established transformation radar for value creation ▪ Established structured processes and track record of value creation initiatives for our portfolio companies ▪ Core of our transformation competence and value enhancement expertise, especially required for turnaround cases ▪ People & Cu
Slide 6: Sell: Stringent exit strategy to capture transformation results
Sell: Stringent exit strategy to capture transformation results Regular exits based on 2016 – 2024 2018 – 2023 2011 – 2022 2016 – 2021 ▪ Steady review of exit opportunities ▪ Exit plan from day one of acquisition Plastics Plastics Production Technology Metal Technology ▪ Ongoing preparation for exit
Slide 7: Sell side: Neschen is a blueprint for our strategy
Sell side: Neschen is a blueprint for the goals we aim to achieve with our strategy Case Exit ▪ Bought from insolvency in 2016 ▪ Exit: 07.10.2024 ▪ Optimisation of working capital ▪ Sold to ATP adhesive systems AG, a management strategic investor ▪ Joined Portfolio: 2016 ▪ Advancement of the industr
Slide 8: Reliable dividend policy: Attractive dividend yield of 3-4%
Reliable dividend policy: Attractive dividend yield of 3-4% Dividend per share and dividend yield* Components of dividend policy EUR and % ▪ Base dividend as regular return 4.0% 4.0% 4.0% 4.0% 3.7% 3.7% 3.3% 3.3% 4.0% 4.0% 3.2% ▪ Resulting from operative performance (adjusted earnings) 1.00 ▪ Active
Slide 9: Snapshot on financial figures: Strong EBITDA development despite revenue decrease
Snapshot on financial figures: Strong EBITDA development despite revenue decrease (HY-Line) Revenue* Adjusted EBITDA and adj. EBITDA margin* EUR mn EUR mn and % adj. EBITDA margin 222,8 23.6 209,0 195,3 19.0 152,8 15.9 135,8 13.6 10.6 10.3 9.5 8.8 7.5 7.6 2020 (9M) 2021 (9M) 2022 (9M) 2023 (9M) 2024
Slide 10: Guidance 2024 reflects results of successfully implemented transformation measures
Guidance 2024 reflects results of successfully implemented transformation measures Outlook 2024 Operational status per 11/24 ▪ For 2024, we currently expect group revenue at EUR 200-220m ▪ Successfully sold two portfolio companies with an EBITDA margin (adj.) at 9.5-10.5% ▪ Very solid liquidity stat
Slide 11: Blue Cap share price 2023 / 2024: The one thing missing…
Blue Cap share price 2023 / 2024: The one thing missing… Share price development Blue Cap AG vs SDAX ▪ Share price in 2024 characterized by generally subdued market Nov 23 – Nov 24 in % sentiment in the wake of the economic slowdown and ongoing global crises 25% ▪ With a clear strategic direction an
Slide 12: Summary: Blue Cap Investment Highlights
Summary: Blue Cap Investment Highlights Unique opportunity to invest in German SMEs growth stories 1 Proven business model > value creation through M&A and transformation of German SMEs 2 Special situation investments > based on Blue Cap capabilities and market opportunities 3 Diversified portfolio
Slide 13: Disclaimer
Disclaimer By accessing this document, you acknowledge the restrictions on use set out Insofar as the information contained in this document is based on statements herein. The information contained in this document regarding Blue Cap AG made by third parties, we would like to point out that no warra
Slide 14: Questions & Answers
Questions & Answers Blue Cap AG_EKF 2024_Investor Presentation 14
Slide 15: Thank you!
Thank you!
Slide 16: BACKUP
BACKUP Blue Cap AG_EKF 2024_Investor Presentation 16
Slide 17: Diversified portfolio of SMEs in Germany
Diversified portfolio of SMEs in Germany: Composition will change with ongoing M&A activities Diversified portfolio of Net Asset Value share by segment (*) ▪ 6 companies with headquarters in Germany ▪ 1,000 employees ▪ Four major segments represent the value of the group 10% 21% 40% 29% Plastics** B
Slide 18: Plastics segment
Plastics segment ▪ Manufactures lightweight plastic boards from recycled plastic primarily for the logistic and automotive industry ▪ In the automotive industry, the boards are used in van flooring, head liner covers and floors of luggage areas in vans and buses Invest: 2019 / 100% ▪ For the logisti
Slide 19: Adhesives & Coatings segment
Adhesives & Coatings segment ▪ Niche supplier of solvent-free adhesive products and application systems ▪ Planatol offers products to several industries: graphics (i.e. book binding), packaging industry (i.e. folding boxes and end-of-line packaging), wood industry (i.e. furniture, kitchens, wood-bas
Slide 20: Business Services segment
Business Services segment ▪ Electronic product and systems distributor with a special focus on value-add through technical consulting and development expertise ▪ Its customers primarily come from the electronics industry, medical technology, the energy sector and the media and communications Invest:
Slide 21: non-consolidated activity
non-consolidated activity Life Science (non-consolidated, minority stake) ▪ Manufacturer of products for thermal management in the laboratory automation, such as heating, cooling and shaking assemblies, incubators and thermal cyclers ▪ Supplies a broad group of customers from the life science sector
Slide 22: Blue Cap on the stock market
Blue Cap on the stock market Reference data Positive recommendations by analysts ▪ ISIN/WKN: DE 00A0JM2M1 / A0JM2M Analyst Date Rating Target Price ▪ Ticker: B7E, B7E.DE (Reuters), B7E:GR (Bloomberg) ▪ Share Capital: 4,486,283.00 Euro / 4,486,283 pcs SMC Research 25 October 2024 Buy 32.40 € ▪ Market
Slide 23: Financial calendar and contact details
Financial calendar and contact details Date Event Location 13 November 2024 Münchner Kapitalmarkt Konferenz Munich 25-27 November 2024 Deutsches Eigenkapitalforum Frankfurt/Main Annika Küppers Corporate Affairs ir@blue-cap.de Stay informed about the latest +49 892889090 news and developments and rec