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Annual General Meeting
MBB Industries AG, Berlin30 June 2014
Factsheet & Mission
2013
2014
Share
2
Factsheet
* Gert-Maria Freimuth and Dr. Christof Nesemeier each hold a 50% interest in MBB Capital Group GmbH. 3
COMPANY MBB SUBSIDIARIES
CT Formpolster GmbHDelignit AGDTS IT AG
SHAREHOLDERSTRUCTURE KEY FIGURES (in million of €) 2006 2007 2008 2009 2010 2011 2012 2013
Revenue 63 114 199 81 100 110 205 228EBITDA 10.6 21.2 19.5 7.9 -3.2 9.2 24.6 22.7Group earnings 4.3 13.6 8.0 3.5 -6.8 3.3 13.6 13.5EPS in € 0.65 2.07 1.22 0.54 -1.04 0.51 2.11 2.09
DPS in € 0.1 0.25 0.25 0.5 0.33 0.44 0.5 0.55e
Total Assets 79.4 131.9 139.9 101.9 91.7 85.8 148.7 177Equity 35.5 50.5 54.3 55.6 47.4 45.7 57.4 67.8Equity ratio 44.7% 38.3% 38.8% 54.5% 51.7% 53.3% 38.6% 38.3%Net Debt (-) / Net Cash (+) 8.9 0.8 -1.0 10.7 14.8 13.7 31.5 23.8Employees 1,372 1,792 1,827 1,122 665 714 998 1,066
CONTACT SHARE DATA
MBB Industries AG ISIN DE000A0ETBQ4Joachimstaler Str. 34 WKN A0ETBQ10719 Berlin Share type Ordinary sharesGermany Reuters Code MBBG.DE
Ticker Symbol MBB Tel: +49‐30‐844‐153‐30 Admission segment Prime StandardFax: +49‐30‐844‐153‐33 Number of shares 6,600,[email protected] FINANCIAL CALENDAR
30 April 2014 Annual Report 201330 May 2014 Interim Report for Q130 June 2014 Annual Meeting 201429 Aug 2014 Half‐Year Report 201428 Nov 2014 Interim Report for Q331 Dec 2014 End of fiscal Year
Hanke Tissue Spolka z o.o.MBB Fertigungstechnik GmbHOBO Werke GmbH & Co. KG
SHARE PRICE DEVELOPMENT (3 years)
BOARD OF MANAGEMENT BOARD OF DIRECTORS
MBB Industries AG is a family run group of German
Mittelstand companies with technological and
engineering expertise. Since 1995, MBB is growing
sustainably by the long-term value enhancement of
its subsidiaries as well as acquisition based. MBB
stands for Messerschmitt-Bölkow-Blohm.
Dr. Christof Nesemeier Gert-Maria Freimuth (Chairman)Dr. Peter NiggemannDr. Matthias Rumpelhardt
71%
29%
MBB Capital Group GmbH* Freefloat
-20%
20%
60%
100%
140%
180%
220%
260%
300%
340%
380%
A 11 J 11 O 11 J 12 A 12 J 12 O 12 J 13 A 13 J 13 O 13 J 14 A 14
MBB Industries AG
MDAX
SDAX
DAX
Prime All Share
Mission: As a family-owned German “Mittelstands” company, MBB generates exceptional sales and value growth through German technological and engineering expertise.
Growth
German technological and engineering
expertise
German “Mittelstand”MBB
A family-ownedbusiness
4
Factsheet & Mission
2013
2014
Share
5
MBB - Milestones 2013
January Hanke implementing PM4 paper machine investment year-roundMBB Technologies GmbH acquires property in Beelen
May Foundation of MBB Technologies (China) Ltd.
June MBB Industries pays increased dividend of €0.50 cent per shareGert-Maria Freimuth becomes chairman of the Supervisory Board
October Delignit AG acquires DHK automotive GmbH and HTZ Holztrocknung GmbH
December Delignit AG launches operations of the new high compression press
6
€228 million in revenues in 2013
228
Revenues in million of €(previous year €205 million)
MBB FertigungstechnikSpecial machinery manufacturer (MBB company since 2012)
DelignitWood based products (MBB company since 2003)
DTSIT-Services (MBB company since 2008)
Hanke TissueTissue products (MBB company since 2006)
CT FormpolsterSoft foams (MBB company since 2010)
OBOTooling products (MBB company since 2003)
7
MBB‘s annual group earnings
* Adjustment after first-time application of the amended IAS 19 led to €13.6 million or €2.11
CAGR: 102.2%
20132012
13.513.6*
2011
3.3
0.51 2.11* 2.09EPS in €
in millions of €
8
Positive quarterly trend
* One time write-off of €1.42 Cildro SA
Q2
0.49
Q3
0.62
Q4Q2
0.47
Q12013
0.51
Q4
0.67
Q3
0.52
0.40
Q12012
0.49
Q4
0.14
Q3
0.02
Q2
0.14
Q12011
0.21
Q4
0.23
Q3
-1.44*
Q2
0.04
Q12010
0.13
Q4
0.08
Q3
0.11
Q2
0.29
Q12009
0.06
Q4
0.21
Q32008
0.31
EPS in €
9
Soundness succeeds
As of 31 December 2013* Cash & securities & gold** without cash
69(39%)
Equity and liabilities
177
31(18%)
78(44%)
68(38%)
Assets
177
55(31%)
53(30%)
in millions of €
Non-current assets**
Cash*
Equity
Financial liabilites
Other liabilities
Current assets**
10
MBB Industries AG – Individual Financial Statement according to German Commercial Code
Net result1.21.5
Expenses2.62.7
Earnings3.84.2
Net Cash8.2
7.2
Equity36.9
35.187.1%
87.9%
20122013
in millions of €
11
Increasing dividend again this year
2013
0.55
2012
0.50
2011
0.44
2010
0.33
2009
0.50
0.25
0.25
2008
0.25
2007
0.25
2006
0.10
CAGR + 28%
in € per share
IPO 2x
12
Factsheet & Mission
2013
2014
Share
13
MBB – Growth paths
Acquisitions ofnew companies
Acquisitions of new subsidiaries
for our companies
■ MBB Fertigungstechnik GmbH (2012)
■ CT Formpolster GmbH (2010)
■ DTS IT AG (2008)■ Hanke Tissue Sp. z o.o.
(2006)
■ Huntsman‘s toolingbusiness for OBO
■ 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
■ Hanke: Paper machine (2013)
■ MBB Fertigungstechnik: Foundation of MBB Technologies Ltd. (China, 2013)
■ Delignit: New high compression press (2013)
Growth through investments in our
companies
Organic Buy & Build M&A New
14
2012 2014e
12.4
2013 2015p
11.8
2011
10.5
2010
8.5
2009
6.5
OBO-Festholz®(hard wood)
PU boards
EP boards
PU/EP liquids
PU/EP paste
PU boards
OBO-Festholz®(hard wood)
OBO has grown organically and by acquiring Huntsman Advanced Materials’ tooling business
Revenue split 2009
Revenue split (full year effect) after acquisition of Huntsman Advanced Materials’ tooling business Revenues in € million
15
2014e2013
19.8
2012
18.5
2011
17.7
2010
18.4
2009
18.0
Other business
Automotive
Mattresses
CT Formpolster growing with focus on mattresses
Revenue split 2009
Revenue split 2013
Other business
Automotive
Mattresses
Revenues in € million
16
Hanke Tissue – Invests in profitable growth
2014e2013
23.5
2012
22.7
2011
22.4
2010
22.8
2009
17.9
Investments 2011 – 2014
Logistics center 7.600 sqm
Comprehensive fire protection
Comprehensive roof refits
New ERP system
New controls and head box for paper machine
New 5-color logo printing machine
New converting line for table runners
New converting line for facial tissue
New converting line for toilet paper
New automated packaging line for toilet paper
Additional paper machine for high-quality tissue paper
Revenues in € million
17
PM4 – The new paper machine
18
30 years of DTS – Growing through buy & build acquisitions and establishing regional offices
2014e
32.7
2012
35.7
20132011
28.2
2010
22.1
2009
19.8
DC Herford1983
Berlin2012
Hannover2009
Bremen 2009
Datacenter
DC Münster2010
Sales- /Service-Office
Bochum2008
DC Hamburg2014
Regional development 2008 – 2014
Revenues in € million
19
New contracts, innovations and investments – Delignit on growth track
34.1 35.2
2012 2014e20132011
30.6
2010
25.7
2009
22.4
Revenues in € million
New contracts 2013/2014
Investments 2013
Light commercial automotive vehicle floor OEM SOP 2014
Building equipment industrial flooring projects 2014
Special rail floor for regional trains SOP 2014/2015
New CNC center and new assembly robot
Automated veneer-sorting and additional veneer-jointing line
New high-pressure press
Acquisition of DHK automotive group
Innovations 2013/2014
dunacore®, a lightweight honeycomb sandwich construction from renewable raw materials
Light commercial vehicle floor with load securing system certified under the EN ISO 27956 standard
20
Delignit share
-30%
0%
30%
60%
90%
120%
150%
180%
210%
240%
270%
300%
J 11 A 11 O 11 D 11 F 12 A 12 J 12 A 12 O 12 D 12 F 13 A 13 J 13 A 13 O 13 D 13 F 14 A 14 J 14
Delignit AG
MDAX
SDAX
DAX
Prime All Shares
3y + 248%
21
MBB Fertigungstechnik
103107102
6667
2014e20132012201120102009
Revenues in € million
OriginFounded as CLAAS tool manufacturing in the 60s
Becoming the leading special purpose machine builder for theautomotive and aviation industry
Company spin off from CLAAS in 2012
CompanyApproximately 300 employees
Locations in Beelen (D) and Changzhou (CN)
Customers ca. 80 % in the automotive industry
Business segmentsAssembly technology
Joining technologyToolmaking
MarketsAutomotive
Aviation
General Industries
22
MBB Fertigungstechnik – Business segments
Camshafts
Steering columnand sensors
Chassis
Aviation
Agriculturaltechnology
Householdappliances
Automotive Further
23
MBB Fertigungstechnik – Worldwide references
Automotive
General Industries
Locations
Production facilitiesInstalled machineryService/partner
24
Market development global automotive industry – Prognosis 2012 to 2020
Source: LMC Automotive Q2/2013; Oliver WymanPV & LCV = Passenger & Light Commercial Vehicle (<3.5 t GVW)
Europa & CIS
19
24
North America
China
India
x 1.3
15 18
x 1.2
x 1.5
4
11
3318
4
x 1.8x 2.8
South America
CurrentMarket (2012)
Long-TermMarket potential (2020)
Total 2012: 60 million PV & LCV producedTotal 2020: 92 million PV & LCV produced
6
1.20.6 x 2
South Africa
25
MBB Fertigungstechnik also located in China since 2013
MBB Fertigungstechnik GmbH
Beelen (Münsterland region)
Since 1992
300 employees
18,000 square meter assembly area
2,000 square meter office space
MBB Technologies (China) Ltd.
Changzhou (Jiangsu)
Since 2013
17 employees
3,000 square meter assembly area
800 square meter office space
26
M&A – More activity at higher price levels
48
67
85
41
95
62
Q3/
2013
Q4/
2013
Q2/
2014
Q1/
2014
Q2/
2013
Q1/
2013
MBB M&A leads M&A trends at MBB
SizeMore companies with€50 to €100 million in revenues
Add-On options
Increasing number of buy& build opportunities
Price expectations
Increased priceexpectations by vendors
Importanceof reputation
Large number ofsituations in which thesole criterion of price isirrelevant; reluctance withPE-business model
27
MBB.COM – The new website
28
Standard navigation, central information area and context sensitive highlights on the right side
29
Reference cases and acquisition criteria
30
Investor Relations as extensive as usual with a complete news archive at a glance
31
Investor Relations as extensive as usual with a complete news archive at a glance
32
Always looking for talented candidates
33
Adaptive Design for smartphone and tablet
34
MBB Industries AG to be converted into MBB SE
Yesterday
Name: MBB Industries
German stock company (AG)
Dualistic system with Supervisory Board andExecutive Board
German legal form
Tomorrow
Name: MBB
SE (Societas Europaea) European stock company
Monistic board system
Closer to international financial markets
Growing internationalisation of MBB‘s business
Entry in the commercial register expected for Q1/2015
35
in millions of €
MBB‘s first quarter revenues
55.655.5
Q1/2013 Q1/2014
yoy + 0.2%
36
MBB‘s group earnings in the first quarter
* Referenced to the average number of shares outstanding as at 31 March
3.3
Q1/2013 Q1/2014
3.2
EPS in €*
in millions of €
0.51 0.50
yoy -1.9%
37
Soundness succeeds
75
58
24
68
55
24
Cash
Net-Cash
Equity
Q1/2014 Q4/2013
in millions of €
38
Ambitious €250 million revenue plan for 2014
250e
Revenues in million of €
39
MBB FertigungstechnikSpecial machinery manufacturer (MBB company since 2012)
DelignitWood based products (MBB company since 2003)
DTSIT-Services (MBB company since 2008)
Hanke TissueTissue products (MBB company since 2006)
CT FormpolsterSoft foams (MBB company since 2010)
OBOTooling products (MBB company since 2003)
Factsheet & Mission
2013
2014
Share
40
MBB share
-30%
0%
30%
60%
90%
120%
150%
180%
210%
240%
270%
300%
330%
J 11 A 11 O 11 D 11 F 12 A 12 J 12 A 12 O 12 D 12 F 13 A 13 J 13 A 13 O 13 D 13 F 14 A 14 J 14
MBB Industries AG
MDAX
SDAX
DAX
Prime All Shares
3Y + 280%
41
Increasing liquidity in MBB shares in 2013
* As of 31 May 2014
73,5%
24,3%
Market capitalization of freefloat:
MDAX Rank: No. 121*
Order book turnover:
MDAX Rank: No. 111*
in millions of €
Freefloat
29%
MBB Capital Group(Founder)
71% 1
6
0
7
3
5
2
4
N 1
2O
12
S 12
A 12J 1
2
J 13
M 1
3A
13M
13
F 13
O 1
3S
13A
13J 13
D 1
3
A 14
M 1
4
M 1
4
J 13
J 12
F 14J 1
4
N 1
3
D 1
2
42
MBB: 4 x BUY
Close Brothers Seydler May 2014 BUY€30
SRH Alster Research May 2014 BUY€30
Hauck & Aufhäuser May 2014 BUY€34
WGZ Bank Research May 2014 BUY€31
43
Half-Year Report 2014 29 August 2014
German Equity Forum 2014 24 – 26 November 2014
Interim Report for Q3 28 November 2014
End of fiscal Year 31 December 2014
FINANCIAL CALENDAR
44
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 UKand 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 themselvesabout 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 unknownrisks 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 cannotbe 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. Forquestions, contact:
MBB Industries AG
Joachimstaler Strasse 34
D-10719 Berlin
web: www.mbb.com
Tel: 030-844 15 330
Fax: 030-844 15 333
E-mail: [email protected]
DISCLAIMER
45
CONTACT
MBB Industries AGJoachimstaler Straße 34D-10719 BerlinTel: 030-844 15 330Fax: 030-844 15 333Mail: [email protected]: www.mbb.com
46
MBB.COM
