Company presentation. MBB Industries AG Berlin

Transcription

1 Company presentation MBB Industries AG Berlin Close Brothers Seydler Bank Small & Mid Cap Conference Frankfurt am Main 12 & 13 February 2014

2 Company Growth Results Share 2

3 MBB the group of German Mittelstand companies MBB stands for Messerschmitt-Bölkow-Blohm MBB stands for long-term, value-driven corporate development Since 1995, MBB has been acquiring and developing small and medium-sized German companies MBB has been listed on the stock exchange since 2006 MBB has 1,065 employees generating sales of more than 225 million in 2013 MBB is 70 % owned by its founders, who form the management as well as the supervisory board 3

4 MBB the business model MBB purchases profitable German Mittelstand companies (SMEs) MBB purchases majority stakes MBB companies remain independent MBB companies benefit from the advantages of a strong group MBB seeks and promotes entrepreneurs MBB finances acquisitions with equity MBB is growing through sustained, long-term value enhancement 4

5 MBB Value development Revenues Group earnings Share price* Net Cash in millions of * since IPO including dividends 5

6 Company Growth Results Share 6

7 MBB growth paths Organic Buy & Build M&A New Growth through investments in our companies Acquisitions of new subsidiaries for our companies Acquisitions of new companies Hanke: Paper machine (2013) MBB Fertigungstechnik: Foundation of MBB Technologies Ltd. (China, 2013) Delignit: New high compression press (2013) DHK Automotive GmbH and HTZ Holztrocknung GmbH, Oberlungwitz (2013) for Delignit AG eld datentechnik GmbH (2011) for DTS IT AG ICSmedia GmbH (2010) for DTS IT AG MBB Fertigungstechnik GmbH (2012) CT Formpolster GmbH (2010) DTS IT AG (2008) Hanke Tissue Sp. z o.o. (2006) 7

8 MBB revenue growth and attractive profit developments in 2013 >225 e MBB Fertigungstechnik Special machinery manufacturer (*2012) Delignit Wood based products (*2003) DTS IT-Services (*2008) Hanke Tissue Tissue products (*2006) CT Formpolster Soft foams (*2010) OBO Tooling products (*2003) > 105m > 34m > 34m > 22m > 19m > 11m Revenues in millions of * MBB company since 8

9 20 million investment in growth Payback (years) High Internet Frontend New A MBB Technologies (China) Ltd. DHK/HTZ PM4 Veneer joining line CNC Robot Clipper Tank storage Trimming machine P5 ERP Update Emergency Power Supply Lothe Jäger1 Löhne Herford Risk (qual.) Low Organic Buy & Build M&A New Volume = Investment size 9

10 Hanke is investing 10m in a new Papermachine Picture: Google Earth

11 DTS Buy & Build growth and focus on cloud business DC Hamburg >34 e DC Münster 2010 Bremen 2009 Hannover 2009 DC Herford 1983 Berlin Bochum ᵉ 2014ᵉ Revenues in millions of Stuttgart 2011 Datacenter Sales-/Service-Office Distribution 11

12 New contracts and investments Delignit on growth track New contracts 2013 Transporter flooring OEM 1st tier SOP 2014 Transporter flooring OEM 2nd tier SOP 2014 Concrete stone plates project >34 e Intermediate floor high speed train SOP Investments 2013 Revenues in millions of Assembly robot Automated veneer sorting New high compression press Additional veneer jointing line New CNC processing center Share price development 12

13 Acquisition of DHK and HTZ Delignit enters the OEM car market Buy & build acquisitions 2013 DHK Automotive GmbH, Oberlungwitz HTZ Holztrocknung GmbH, Oberlungwitz Acquisition of 100 % of shares of both companies as a business succession; Former owner responsible as General Manager for the forthcoming three years New capabilities for Delignit Direct supplier for car interior with major German automotive-oems up to premium segment Light weight honeycomb material made of renewables Textile laminating technology Estimated revenue effect 2014 e 6m Total workforce 43 employees Blomberg Delignit Oberlungwitz DHK / HTZ 13

14 MBB Fertigungstechnik business area Automotive Camshafts Chassis Cardan- and drive shafts Instrumentscarrier Steering column and sensors Seats 14

15 MBB Fertigungstechnik further business areas Aviation Railway vehicles Truck & Trailer Agricultural technology Wind energy Household appliances 15

16 MBB Fertigungstechnik worldwide references Automotive Locations General Industries Production facilities Installed machinery Service/partner 16

17 Market development global automotive industry prognosis 2012 to x 1.3 Total 2012: Total 2020: 60 million PV & LCV produced 92 million PV & LCV produced 15 x Europe & CIS x 1.8 Northamerica 4 11 x 2.8 China x 1.5 India 4 6 Southamerica Southafrica Current market (2012) Long-term market potential (2020) x 2 Source: LMC Automotive Q2/2013; Oliver Wyman PV & LCV = Passenger & Light Commercial Vehicle (<3.5 t gvw) 17

18 MBB Technologies (China) Ltd. creation of a company MBB Technologies (China) Ltd. Sep Jan Feb Mar Apr May 2013 Aug First Chinavisit of new MFT-Mgmt. Decision for local Gen. Mgmt. Location scouting Decision for location Rental agreement signed Founding of MTC Completion of office and prod.-site 18

19 MBB Fertigungstechnik also located in China since 2013 MBB Fertigungstechnik GmbH Since employees 18,000 square meter assembly area 2,000 square meter office space MBB Technologies Ltd. (China) Since employees 3,000 square meter assembly area 800 square meter office space 19

20 The show must go on Acquisition opportunities per month Jan. Febr. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 228 acquisition opportunities in companies analysed Purchase price expectations raised significantly MBB attractive as a potential buyer due to many years of positive references financial independence strategic interest without exit orientation 20

21 Company Growth Results Share 21

22 300 million revenues in 2015 in millions of >300ᵉ >250 e >225 e ᵉ 2014ᵉ 2015ᵉ 22

23 Positive quarterly trend EPS in * Q Q4 Q Q2 Q3 Q4 Q Q2 Q3 Q4 Q Q2 Q3 Q4 Q Q2 Q3 Q4 Q1 Q Q3 * One time write-off of 1.42 Cildro SA 23

24 Soundness succeeds in millions of Long-term assets 46 (28%) 63 (38%) Equity Short-tem assets 69 (41%) 76 (45%) Other liabilities Cash 53 (31%) 28 (17%) Financial liabilities Assets Equity and liabilities As of 30 September

25 Dividend increases continually in per share CAGR + 31 % IPO 2x 25

26 Company Growth Results Share 26

27 MBB share 340% 320% MBB Industries AG 300% MDAX 280% SDAX 260% DAX 240% Prime All Share 3y % 220% 200% 180% 160% 140% 120% 100% 80% 60% 40% 20% 0% -20% J 11 M 11 M 11 J 11 S 11 N 11 J 12 M 12 M 12 J 12 S 12 N 12 J 13 M 13 M 13 J 13 S 13 N 13 J 14 27

28 Shareholder structure and liquidity Freefloat 26% 2% Own Share 7 6 in million of % MBB Capital Group (founders) 1 0 J 12 J 12 A 12 S 12 O 12 N 12 D 12 J 13 F 13 M 13 A 13 M 13 J 13 J 13 A 13 S 13 O 13 N 13 D 13 Market capitalization of freefloat: MDAX Rank: No. 123* Order book turnover: MDAX Rank: No. 110* * As of 31 December

29 MBB: 4 x BUY Close Brothers Seydler October BUY SRH Alster Research November BUY Hauck & Aufhäuser October BUY WGZ Bank Research December BUY 29

30 OVER 1,000 EMPLOYEES EXPERIENCE 300 MILLION IN REVENUE ASSETS GROWTH DIVIDEND REFERENCES REPUTATION NET CASH CONTINUITY CASH FLOW DIVERSIFICATION 30

31 FINANCIAL CALENDAR Annual Report 2013 Interim Report for Q1 Annual Meeting 2014 Half-Year Report 2014 German Equity Forum Interim Report for Q3 End of fiscal Year 30 April May June August November November December

32 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 Industries AG shares; it is for information purposes only. German legal framework The information in this presentation is intended solely for persons who have a residential or business address in Germany. Access to the following information is permitted for these persons only. The publication of this information on the internet does not represent an offer to persons with a residential or business address in other countries, particularly the United States of America, the UK and Northern Ireland, Canada and Japan. The shares of MBB Industries AG are publicly offered for sale and subscription only in the Federal Republic of Germany. The information in this presentation can be disseminated in other legal systems only in accordance with local laws and persons who obtain access to this information must inform themselves about and comply with the local laws. All information is made without guarantee. No investment advice The information in this presentation does not represent investment advice. Forward-looking statements If the information in this presentation expresses forecasts, estimates, opinions or expectations, or forward-looking statements are made, these statements can be related to known and unknown risks and uncertainties. Therefore, the actual results and developments can differ greatly from the expectations and assumptions expressed here. Risky investment Shares of growth companies can offer major opportunities, but also carry related risks. Shares of growth companies are thus always a risky financial investment. A loss of the investment cannot be ruled out. Therefore, this form of investment is more suited to diversification as part of a portfolio strategy. Confidentiality The information in this presentation is strictly confidential. It is intended for the designated recipient only and cannot be disseminated without the prior consent of MBB Industries AG. For questions, contact: MBB Industries AG Joachimstaler Strasse 34 D Berlin web: Tel: Fax: request@mbb.com 32

33 CONTACT MBB MBB Industries AG Joachimstaler Straße 34 D Berlin Tel: Fax: Mail: Web: