BAUER AG · 2020-06-08 · BAUER Manufacturing Inc. Conroe, Texas, USA GWE Group, plant Luckau, Germany BAUER Maschinen KSM, Kurgan, Russia BAUER Equipment Malaysia Shah Alam, Malaysia

© BAUER AG, D-86529 Schrobenhausen 13-11-14 IR-Presentation_9M_2013

BAUER AG

Group Presentation

First nine month 2013

Zerben lock – Zerben, Germany

© BAUER AG, D-86529 Schrobenhausen 13-11-14 IR-Presentation_9M_2013 2

48

36

24

12

0

Key Figures 9M 2013

2010 2011 2012 9M 2012 9M 2013

2010 2011 2012 9M 2012 9M 2013 2010 2011 2012 9M 2012 9M 2013

2010 2011 2012* 9M 2012* 9M 2013

1,304 1,372 1,446 1,063 1,110 39.8 34.1 25.8 6.6 -21.4

614.9 750.0 785.0 775.1 836.7 9,094 9,646 10,253 10,151 10,256

Total Group revenues

Orders in hand

Net profit

Employees

in EUR million in EUR million

in EUR million in average

1,600

1,200

800

400

0

880

660

440

220

0

*adjusted because of IAS 19 R

12,000

9,000

6,000

3,000

0

-12

-24


Mission & Strategy

Services, equipment & products dealing with ground

and groundwater

Our mission

Our strategy

The world is our market.

World market leadership for foundation technology.

Powerful development of drilling applications and related

services for resources, water and energy markets.

Optimizing worldwide organizational networks and self

controlling structures for the Group.

Growth 5 to 10 % per year.

BG 42 PremiumLine – Munich, Germany


Total Group revenues with EUR 1,109.5 million were 4,4 % above previous year (EUR 1,063.2 million).

The net loss for the first nine month with EUR 21.4 million was well down against the previous year

comparative (EUR +6.6 million) because of some negative one-off effects.

• Following completion of the extensive well construction project executed by the Group's Resources

segment in Jordan, the earnings forecast for the project has had to be adjusted downwards by some

EUR 20 million.

• The Group's third-quarter figures have been further impacted by reduced profit contributions from

the Construction segment resulting from delays on major projects at the start of the year.

• The Equipment segment continues to suffer from weaker margins than last year because fewer large

rigs were sold this year and because of the increased competition.

Order backlog with EUR 836.7 million (previous year: EUR 775.1 million) is still on a high level.

New forecast for 2013: net loss of approximately EUR 20 million, with EBIT of around EUR 25 million.

The forecast for total Group revenues remain unchanged at around EUR 1.5 billion.

The Group is planning to increase total revenues again slightly in 2014. In terms of earnings, the Group

expects to resume the trend seen in 2012. A EUR 20 million cost-cutting programme was initiated.

Main topics

Key Figures 9M 2013


Key Figures 9M 2013

9M 2012*

in EUR million

9M 2013

in EUR million

∆ 9M

in %

Total Group revenues, of which

- Germany

- International

- Construction

- Equipment

- Resources

- Consolidation / Other

1,063.2

280.9

782.3

484.0

444.2

191.3

-56.3

1,109.5

340.0

769.5

529.7

473.6

146.9

-40.7

4.4 %

21.0 %

-1.6 %

9.4 %

6.6 %

-23.2 %

n/a

Sales revenues 933.9 969.3 3.8 %

Orders received 1,088.3 1,161.2 6.7 %

Orders in hand 775.1 836.7 7.9 %

EBITDA 113.4 81.4 -28.2 %

EBIT 45.7 13.4 -70.7 %

EBIT margin in % (of sales revenues) 4.9 1.4 n/a

Net income 6.6 -21.4 n/a

Earnings per share in EUR 0.36 -0.86 n/a

Equity ratio in % 27.3 25.5 n/a

Number of employees (average over the year) 10,151 10,256 1.0 %



Contents

Regional breakdown of revenues 3

Financials 4

Overview BAUER Group 1

BAUER market environment 2

p. 7

p. 14

p. 17

p. 19

5 Guidance 2013

6 Appendix

p. 26

p. 27


1 BAUER Group The three segments

Target: ~ 40 % of

total Group revenues

Market leader in

specialist foundation

equipment

New products for

mining, deep drilling

and offshore drilling

80 % of revenues

from sales abroad

Multi-branding

strategy

Target: ~ 40 % of total Group revenues

Global provider for specialist foundation engineering services

Specialist construction services

Focus on complex, international projects

Target: ~ 20 % of

total Group revenues

Activities in

environmental

technology, mining,

deep drilling, well

construction,

materials


What is specialist foundation? Building an excavation pit

1

Ground Water

Injection Anchor

Sealing Slab

Supporting Wall

Underpinning

Injection

Pile Foundation


What is specialist foundation used for? Applications for projects

1

Foundations Cut-off walls Excavation pits

Buildings Infrastructure Water – Energy Industry

Ground improvement


Resources Segment The three competence areas

1

Environment Exploration & Mining

Services

Materials

Full-line provider for

materials in the field of

well construction

geothermal energy

distribution of gas/water/

geothermal energy

Production drilling

(for example: water wells)

Exploration drilling

Preparative work for the mining

of resources

Complete solutions in the field

of geothermal energy

Special solutions for mining

resources

Disposal of polluted areas

Cleaning of process water

and effluents

Processing of drinking water

Cleaning of extracted air

High purity systems

Brewing technology

High purity water systems * based on figures HY 2013


in EUR million (segment after decucting Other/Consolidation)

11

1

Note: 2000 – 2002 based on HGB figures, from 2003 based on IFRS figures

Resources

260

Equipment

543

Construction

Overseas

478

Total 1,446

Construction

Domestic

165

Total Group Revenues Longstanding healthy business development

German reunification

Far East crisis

Financial crisis


Worldwide network More than 110 subsidiaries in about 70 countries

1

BAUER Manufacturing Inc.

Conroe, Texas, USA

GWE Group, plant Luckau,

Germany

BAUER Maschinen KSM,

Kurgan, Russia

BAUER Equipment Malaysia

Shah Alam, Malaysia

BAUER Tianjin Technologies,

Tianjin, China

BAUER Group, plant Aresing near

Schrobenhausen, Germany

Permanent Offices:

Construction

Equipment sales

Resources

Equipment production

locations


1 BAUER Group Strengths & Chances

Strategic business model with three forward-looking segments

providing high level of synergies.

Global network organisation with flexible, decentralized

management.

World market leader in foundation equipment with innovative

strength in enhancing existing products and designing new

ones.

Strengths

Chances

Construction segment with considerable number of major

projects currently under construction and tendered for

worldwide.

New growth potential in Equipment segment with entirely new

techniques such as deep drilling rigs, powerful foundation

crane series and offshore equipment.

Resources segment with ground-breaking projects, e.g.

biological water treatment plant and promising opportunities

due to its focus on growth markets water, energy and

environment. RB-T 90 / TBA 100 – Small-sized deep drilling rig


+

World construction markets Bauer market potential

2

14

-

Western Europe:

declining markets,

Germany is quite good +

+

++

Far East:

positive development

in all areas, especially

Hongkong, Malaysia

+ Other Americas:

several chances in

Central America

o

Africa:

slight construction activities,

regional growth (Angola, Algeria);

demand for water and resources

Summary: Recovering market conditions worldwide, but generally very unstable; huge pent-up demand.

Specialist foundation construction grows relative to construction market.

Energy sector becomes main booster – also because of energy turnaround (renewable

energies & reduction of energy consumption).

Middle East:

stable, especially

Abu Dhabi, Saudi Arabia;

Qatar very busy

Eastern Europe:

slowly positive development,

especially Russia

Central Asia:

good market

potentials

USA / Canada:

public demand,

power plants, dams, etc.

14

-- weak - slightly weak o stable + growing ++ strong growth

-

+

+


Source: International Monetary Fund, World Economic Outlook Database, October 2013 * CIS = Commonwealth of Independent States (incl. Georgia)

2

15

Global economic situation IMF projection of the real annual GDP growth in %

2013 2014

United States

2013 2014

Latin America

2013 2014

2013 2014

European Union

-0.4 1.0

Brazil

2013 2014

CIS*

2013 2014

China 2013 2014

Developing Asia

2013 2014

Germany

0.5 1.4

2013 2014

Middle East &

North Africa

2013 2014

Sub-Saharan Africa

5.0 6.0

2013 2014

World

2013 2014

Advanced

Economies

1.2 2.0

2013 2014

Emerging Markets &

Develop. Economies

7.6 7.3 1.6

2.6

2.9 3.6

2.7 3.1

2.5 2.5

2.3 3.6

2013 2014

Russia

2.1 3.4

2013 2014

Australia

4.5 5.1

6.3 6.5

1.5

3.0

2.5 2.8


Market environment Orders & Currency risks

2

Order backlog (Orders in hand) Currency Risks

Expected order intake

2013

Construction Germany

Construction International +

Equipment BAUER Maschinen GmbH

Equipment Subsidiaries

Resources

-- weak - slightly weak adequate + well adequate ++ very well adequate

9M 2013 Reach in months

in relation to total

Group revenues

full year 2012

TOTAL

Construction

Equipment

Resources

EUR 836.7 million

EUR 497.7 million

EUR 162.1 million

EUR 176.9 million

6.9 months

9.1 months

3.3 months*

8.0 months

* incl. running small-type orders

Construction

Project size EUR 100,000 up to EUR 70 million

~ 50 / 50 infrastructure / large industrial buildings

~ 600 projects per year

Local financing (natural hedge) for project duration

Translation risk (consolidation) hedged

USD business hedged, e.g. swaps

Equipment

~ 70 % of invoicing in EUR

USD business hedged with permanent translation of

individual machines

Production expansion to US, China and others to

counteract currency risk EUR / USD / RMB and

others


3 Regional breakdown Total Group revenues 9M 2013

in EUR million

Total 1,110 Africa 37 (3 %)

Americas 126 (11 %)

Asia-Pacific,

Far East & Australia

257 (23 %)

Middle East

& Central Asia 111 (10 %)

Germany 340 (31 %)

EU excl. Germany

121 (11 %)

Europe (other)

118 (11 %)

in EUR million

Africa 60 (4 %)

Americas 203 (14 %)

Asia-Pacific,


328 (23 %)

Middle East

& Central Asia 197 (13 %)

Germany 385 (27 %)

EU excl. Germany

143 (10 %)

Europe (other)

130 (9 %)

Total 1,446

Full year 2012


3 Regional breakdown Construction, Equipment, Resources 9M 2013

Figures after deducting Other/Consolidation

in EUR million

Total 534 Total 432 Total 144

Construction segment Equipment segment Resources segment

Africa 23 (4 %)

Americas 56 (11 %)

Asia-Pacific,


146 (27 %)

Middle East &

Central Asia 63 (12 %)

Germany 151 (28 %)

EU excl. Germany

49 (9 %)

Europe

(other)

46 (9 %)

Africa 8 (2 %)

Americas 62 (14 %)

Asia-Pacific,


110 (25 %)

Middle East &

Central Asia 20 (5 %)

Germany 102 (24 %)

EU excl.

Germany

61 (14 %)

Europe (other)

69 (16 %)

Africa 6 (4 %)

Americas 8 (6 %)

Asia-Pacific,


1 (1 %)

Middle East

& Central Asia

28 (19 %)

Germany 87 (60 %)

EU excl. Germany

11 (8 %)

Europe (other)

3 (2 %)


Revenues

Earnings

Financials Revenues, earnings & orders

4

2012 9M 2012

1,600

1,200

800

400

0

1,304 1,132

100

75

50

25

0

88.4

39.8

Orders in hand

880

660

440

220

0

614.9

Order intake

2012 2013

303

446

293

2011

2011

2010

2010

368

1,410

1,372

1,220

750.0

82.3

34.1

364

332

438

373

1,507

+6.9 %

Q1

Q2

Q3

Q4

1,446 1,344

9M 2013

2012* 9M 2012* 2011 2010 9M 2013

72.0

25.8

2012 9M 2012 2011 2010 9M 2013

785.0 775.1

350

Total Group revenues Sales revenues

EBIT Net profit

in EUR million

in EUR million in EUR million

in EUR million

1,063 934

1,110 969

836.7

45.7

6.6 13.4

-21.4 342

389

358

392

1,481 -1.7 %

+6.7 %


458

353

-25


Financials Revenues, earnings & orders per segment

4 C

on

str

uc

tio

n

Eq

uip

me

nt

in EUR '000 Q3 2012* Q3 2013 ∆ Q3 in % 9M 2012* 9M 2013 ∆ 9M in % FY 2012*

Total Group revenues 152,967 162,747 6.4 % 444,188 473,578 6.6 % 596,086

Sales revenues 124,070 127,547 2.8 % 326,126 357,068 9.5 % 520,576

Orders in hand 140,867 162,137 15.1 % 113,084

EBIT 8,620 7,540 -12.5 % 20,361 13,311 -34,6 % 33,976

EBIT margin (in %) 7.0 5.9 n/a 6.2 3.7 n/a 6.5

Net profit 1,486 1,901 27,9 % 2,451 -3,402 n/a 8,896

Re

so

urc

es


Total Group revenues 163,721 182,425 11.4 % 483,993 529,719 9.4 % 656,834

Sales revenues 148,295 182,483 23.1 % 431,518 474,912 10.1 % 579,069

Orders in hand 473,604 497,675 5.1 % 513,087

EBIT 9,724 15,225 56.6 % 16,261 18,497 13.8 % 22,025

EBIT margin (in %) 6.6 8.3 n/a 3.8 3.9 n/a 3.8

Net profit 1,262 3,784 n/a 15 3,988 n/a 8,586


Total Group revenues 67,735 52,709 -22.2 % 191,327 146,854 -23.2 % 263,916

Sales revenues 55,982 50,956 -9.0 % 175,896 136,984 -22.1 % 244,273

Orders in hand 160,675 176,920 10.1 % 158,827

EBIT 7,718 -17,609 n/a 8,710 -19,459 n/a 15,196

EBIT margin (in %) 13.8 n/a n/a 5.0 n/a n/a 6.2

Net profit 5,808 -19,377 n/a 2,169 -23,890 n/a 5,664



Financials Working capital needs & net debt

4

Net financial debt & pensions

Net

fin

an

cia

l

de

bt

Pe

ns

ion

s

520

49

Net working capital

2010 2011

494

800

600

400

200

0

625

645

52

2012 9M 2012 9M 2013

585 738

2010 2011 2012 9M 2012 9M 2013

82*

80*

611 769

Bauer’s business model with its three segments

requires considerably more working capital than

other companies in construction markets.

Changes during the year:

- Levels of working capital in the balance sheet during

the year are typically higher than year-end positions.

Construction segment:

- Construction contracts with short duration need

approx. 2 - 3 months pre-financing

(no advance payments, no front-loading of prices

possible, comparably long time needed for final

account settlement).

Comparison with main contractor: they can finance

their company by a positive cash flow from jobs.

Resources segment:

- A mixture of the Construction and Equipment

segments.

781

85


in EUR million

in EUR million

717


Building construction

positive cash contribution

Specialist foundation engineering

pre-financing need

Financials Working capital needs & cash flow

4

EUR

12 24 months

Positive cash

contribution

Negative cash

contribution

Co

ntr

ac

t va

lue

EUR

Negative cash

contribution

12 24 months

Co

ntr

ac

t va

lue

Equipment segment:

- Due to very special parts being installed, parts need

to be pre-ordered well in advance

approx. 3 months pre-financing of equipment

during production.

- Spare parts store is needed for large customer base.

- A relatively large rental fleet is needed for different

contract types (e.g. rental purchase).

- Deep drilling rigs add large numbers in value.

Special items related to net debt:

- Special effects of 2011 and 2012 are still on-going

and keep net debt position somewhat higher.

- With planned increase in revenues, we do not expect

a lower net debt level end of 2013 compared to 2012.


Financials Income statement 9M 2013

4


in EUR '000 9M 2012 * 9M 2013 ∆ 9M in % FY 2012 *

Consolidated revenues (P&L) 1,027,778 1,057,540 2.9% 1,385,862

Sales revenues (P&L) 933,891 969,326 3.8% 1,344,421

Material costs -518,265 -556,027 7.3% -686,834

Personnel costs -238,497 -257,466 8.0% -324,989

Depreciation and amortization of fixed assets -55,675 -59,446 6.8% -76,403

Write-downs of inventories due to use -11,981 -8,567 -28.5% -15,392

Other operation expenses -157,629 -162,679 3.2% -210,240

EBIT 45,731 13,355 -70.8% 72,004

Financial income 2,588 6,276 n/a 5,972

Financial expenses -36,407 -35,709 -1.9% -44,657

Result from associated entities 25 -429 n/a 5,549

Profit before tax (EBT) 11,937 -16,507 n/a 38,868

Income tax -5,337 -4,862 -8.9% -13,095

Net income 6,600 -21,369 n/a 25,773

of which attributable to shareholders of BAUER AG 6,146 -14,734 n/a 24,739

of which attributable to minority interest 454 -6,635 n/a 1,034


Financials Balance sheet September 30, 2013

4

(a) Other provisions also include short term portion of pension provisions *adjusted because of IAS 19 R

in EUR '000 Sept. 30, 2012 * Sept. 30, 2013 ∆ in % Dec 31, 2012 *

Assets 1,651,668 1,653,661 0.1% 1,529,404

Intangible assets 32,095 31,857 -0.7% 34,567

Property, plant and equipment 469,931 461,864 -1.7% 465,316

Long term financial assets 12,743 21,332 67.4% 23,617

Other long term assets & deferred taxes 33,743 41,419 22.7% 36,758

Receivables from concession arrangements 44,215 37,395 -15.4% 40,770

Inventories 516,414 477,743 -7.5% 429,794

Receivables and other assets 487,409 529,402 8.6% 448,836

Effective income tax refund claims 7,423 4,974 -33.0% 4,514

Cash and cash equivalents 47,695 47,675 0.0% 45,232

Equity and liabilities 1,651,668 1,653,661 0.1% 1,529,404

Equity 450,187 421,111 -6.5% 462,784

Pension provisions 77,988 83,018 6.4% 80,080

Non-current liabilities 470,461 379,410 -19.4% 493,156

Current liabilities 631,258 745,414 18.1% 471,799

Other provisions (a)

/ tax 21,774 24,708 13.5% 21,585


Financials Cash flow statement 9M 2013

4

in EUR '000 9M 2012 9M 2013 ∆ 9M in % FY 2012

Operating cash flow -21,569 -103,759 n/a 165,713

Investing cash flow -62,461 -48,993 n/a -76,187

Financing cash flow 107,769 148,174 37.5% -68,008

Free Cash Flow -84,030 -152,752 n/a 89,526

Changes in liquid funds affecting payments 23,739 -4,578 n/a 21,518

Influence of exchange rate movements on cash -991 7,021 n/a -1,233

Total change in liquid funds 22,748 2,443 -89.3% 20,285

Cash at beginning of reporting period 24,947 45,232 81.3% 24,947

Cash at end of reporting period 47,695 47,675 0.0% 45,232


Guidance 2013 Top-line growth but net loss after tax due to one-off effects

5

2012e* 2012 final 2013e

Total Group Revenues ~ 1,450 EUR million 1,446 EUR million ~ 1,500 EUR million

EBIT ~ 76 EUR million 71.4 EUR million ~ 25 EUR million

Net profit 25 - 30 EUR million 25.3 EUR million ~ -20 EUR million

Merdeka station – Kuala Lumpur, Malaysia Bauma 2013, Munich Water treatment plant – Nimr, Oman

* Guidance published November 14, 2012


Appendix

Equipment programme C

Resources projects D

History of Bauer A

E Market environment Germany

F BAUER share

Construction projects B

p. 28

p. 30

p. 35

p. 40

p. 43

p. 44

G Key Figures Time Line p. 46


1790 · 1900 · 1902 · 1928 · 1948 · 1956 · 1958 · 1967 · 1969 · 1972 · 1975 · 1976 · 1984 · 1990 · 1992 · 1994 · 1998 · 2001 · 2012

History of Bauer Two centuries of experience

End of 1970’s:

Start of

internationalisation

Early 1990’s:

Build up of

specialist construction/

environmental business

FY 2012:

Total Group

revenues

EUR 1.446

billion,

10,253

employees

4. Jul 2006:

IPO

Sept 2006:

Admittance in

SDAX

A

Early 1970’s:

Start of equipment

manufacturing

Company founded as

copper forge

After WW II (1950's):

Start of construction

business

Early 1980’s:

Selling of equipment to

third parties

1790 1900-1970 1980-1990 2000-2012


A Bauer’s home base Headquarters and plant Schrobenhausen, Germany


Construction USA – Remediation works on Center Hill Dam

B


Construction Hong Kong – Foundation of Hong Kong-Zhuhai-Macau bridge

B


B Construction Sydney, Australia – Pile foundation for office complexes

© Sydney Aerial Photography


Construction Munich, Germany – Tunnel for Mittlerer Ring

B


Construction Lenggries, Germany – Strengthening works on Sylvenstein dam

B


Equipment Product range: Drilling rigs (BG-systems)

C

ValueLine The BG ValueLine is a fully dedicated Kelly drilling rig. • Long mast for more drilling depth • Increased drill axis distance for larger

drilling diameter • High line pull of winches • Increased torque • Fuel-efficient diesel engine

PremiumLine The BG PremiumLine comprises multi-purpose drilling rigs for various applications of foundation works. • TIER IVi engines for all rights (optional) • Main winch with high line pull and wide

winch drum • Most advanced electronic systems • Variably stackable counterweight elements • Safety rails upper level and walkway

lower level with rails

The ValueLine and the

PremiumLine were introduced as

two product lines with the goal of

even better satisfying various

requirements of customers. Both

lines of drilling rigs have some basic

principles in common, which are

dealt with utmost priority, such as:

Quality

economic efficiency and

performance

service friendliness

highest safety levels

environmental awareness

long life expectancy


C Equipment Product range: Foundation Cranes

MC 128 MC 96 MC 32


C Equipment Product range: Deep Drilling

RB 50 TBA 100 TBA

300/440

M1


C Equipment Product range: Underwater Drilling


Resources Materials

D

Amman, Jordan – Drilling works and installation of production wells


Resources Exploration and Mining Services

D

Oil drilling rig of Site Goup Tulves, South Tyrol

Canada – Diavik Mine


Resources Environment

D

Oman – Reed Bed Water Treatment Plant

One third of total area visible


West-

Germany

Employees in 1000 560,7 184,2 -43,1 2,1 -0,8 -58,8 -0,5 -1,3

Revenues in EUR billion 72,0 20,6 -8,9 1,2 -2,5 -33,3 -1,9 -2,9

Building construction 47,5 11,7 -9,2 2,3 -2,0 -42,3 1,8 -2,3

Foundation engineering 24,5 9,0 -7,1 -1,0 -3,3 -17,4 -6,3 -3,9

Orders received *

in EUR billion

Housebuilding 8,6 1,8 -46,8 9,4 4,2 -63,0 8,4 5,7

Industrial building 18,5 5,3 -9,4 5,8 1,8 -46,7 3,1 0,5

Public sector

of which

public buildings 2,7 1,0 -45,0 -3,1 5,8 -56,3 8,8 1,5

road building 7,2 2,2 6,1 7,5 4,0 -26,3 1,1 5,5

underground structures 5,6 1,6 -36,7 17,0 9,2 -52,3 6,1 6,7

*) only companies > 20 employees

Jan-Aug

Change in %

West Germany East Germany

2012/2012/

1994 2011

East-

Germany

2012/

42,6 11,9

2013/2012August 2013 2012/ Jan-Aug

2013/2012

3,3-25,3

1994

3,9

2011

7,5 -51,9

4,3 5,2-24,4 8,6

4,3

Absolute Figures

2012

6,1 -46,915,5 4,8

Market environment – Germany German construction market

E

Source: Federal Statistical Office, Statistical Office Bavaria


BAUER share Facts & Figures

5

Bauer family

48.19 %

Free float

51.81 %

Listed on Frankfurt stock exchange,

Prime Standard, since July 4, 2006

Share capital EUR 73,001,420.45

Shares issued 17,131,000

Issue price EUR 16.75

Listed in SDAX (MDAX from 22.09.2008 to 19.09.2010)

Shareholder structure

Share performance (01/2013 – 10/2013)

SDAX

DAX

Trading volume

BAUER AG

in EUR 2009 2010 2011 2012 2013

Earnings per share 2.28 2.04 1.86 1.42* ---

Share price year end 29.25 35.30 21.10 19.32 ---

Share price highest 34.45 36.81 38.49 26.50 23.05

Share price lowest 20.64 27.38 16.04 16.13 17.33

Market Cap (in EUR million)

501.1 604.7 361.5 330.9 ~310



BAUER share Dividend policy

5

2009

Dividend payment (in EUR per share)

2010 2008 2007 2006

0.30

0.00

0.60

0.90

1.20

0.50

1.00 1.00

0.60 0.60

Dividend policy founded on a reasonable

balance between shareholders and

company

fair participation of shareholders

continuity over the years

safeguarding of the equity base

All shareholders shall participate in the

success of the business.

In turbulent times such as the financial crisis

our goal of strategic and safe growth of the

company led to slightly higher profit retention

for the last years.

To secure an adequate equity ratio is an

important aim of the company’s management.

With this we intend to safeguard the long-term

success of the Group.

2011

0.50

2012

0.30


G Key Figures Time Line Q3 2010 – Q3 2013


Total Group Revenues

(in EUR million)

BAUER Group 1.527,2 1.275,8 369,7 341,4 1.304,0 307,4 332,4 369,1 362,9 1.371,8 340,0 361,6 361,7 382,3 1.445,6 331,2 393,3 385,0

Construction 700,9 570,0 176,5 146,1 615,4 124,4 146,1 164,0 172,1 606,6 156,9 163,4 163,7 172,8 656,8 153,6 193,7 182,4

Equipment 780,1 608,5 160,3 169,4 581,7 159,8 154,6 153,9 168,1 636,5 140,7 150,5 153,0 151,9 596,1 152,6 158,2 162,7

Resources 135,1 174,3 47,3 53,1 177,7 39,1 56,4 67,2 48,8 211,5 58,1 65,5 67,7 72,6 263,9 39,2 55,0 52,7

Sales Revenues

(in EUR million)

BAUER Group 1.290,8 1.096,5 315,3 287,3 1.131,7 255,4 294,7 324,8 344,7 1.219,6 286,2 319,2 328,5 410,5 1.344,4 262,6 345,7 361,0

Construction 584,3 487,9 155,4 94,8 505,8 112,8 126,6 136,0 130,8 506,2 138,8 144,4 148,3 147,6 579,1 124,4 168,1 182,5

Equipment 601,2 456,5 118,9 148,3 469,3 108,1 116,7 121,5 165,0 511,4 93,6 108,4 124,1 194,5 520,6 104,1 125,4 127,5

Resources 105,1 152,0 41,0 44,1 156,4 34,4 51,4 67,1 48,6 201,5 53,6 66,3 56,0 68,4 244,3 34,0 52,1 51,0

EBIT

(in EUR million)

BAUER Group 167,5 84,4 28,6 32,6 88,4 6,7 21,6 23,2 30,8 82,3 6,4 13,0 26,3 26,3 72,0 2,3 6,1 5,0

Construction 46,3 25,7 12,9 6,3 28,8 -1,2 4,5 6,6 8,0 17,9 2,3 4,2 9,7 5,8 22,0 0,3 2,9 15,3

Equipment 118,3 51,3 11,6 20,4 48,3 9,2 13,7 11,3 18,7 53,0 5,0 6,8 8,6 13,6 34,0 3,8 2,0 7,5

Resources 4,0 6,0 3,3 3,2 8,1 -0,6 3,4 5,4 2,7 10,9 -0,6 1,6 7,7 6,5 15,2 -2,4 0,5 -17,6

EBIT margin

(in %)

BAUER Group 13,0% 7,7% 9,1% 11,3% 7,8% 2,6% 7,3% 7,1% 8,9% 6,7% 2,3% 4,1% 8,0% 6,4% 5,4% 0,9% 1,8% 1,4%

Construction 7,9% 5,3% 8,3% 6,6% 5,7% -1,1% 3,6% 4,9% 6,1% 3,5% 1,7% 2,9% 6,5% 3,9% 3,8% 0,2% 1,7% 8,4%

Equipment 19,7% 11,2% 9,8% 13,8% 10,3% 8,5% 11,7% 9,3% 11,3% 10,4% 5,3% 6,3% 6,9% 7,0% 6,5% 3,7% 1,6% 5,9%

Resources 3,8% 3,9% 8,0% 7,3% 5,2% -1,7% 6,6% 8,0% 5,6% 5,4% -1,1% 2,4% 13,8% 9,5% 6,2% -7,1% 1,0% -34,5%

Q4 12

Q3 12 Q4 12

Q3 12* Q4 12*

Q2 13

Q2 13

Q2 13

Q2 13

2012*

2010 Q4 11

2010 Q4 11

Q2 11

2011

Q3 10

Q3 11

Q3 11

Q3 11

Q3 112010

Q2 11Q1 11

Q1 11

Q2 11

Q3 10 Q4 102009

Q3 10 Q4 10

2008 2009

2008

2008

2008 2009

2009

Q3 10 Q4 10

2011Q4 10

2010

Q1 11

Q1 11

Q4 11

Q2 11 Q4 11 Q3 12* Q4 12*

Q1 12

Q1 12

Q1 12*

2011

2011

Q1 12*

2012Q2 12 Q3 12

Q2 12

Q2 12*

Q2 12*

Q3 13

Q3 13

Q3 13

Q3 13

2012

2012*

Q1 13

Q1 13

Q1 13

Q1 13


Investor Relations

BAUER Aktiengesellschaft

BAUER-Straße 1

86529 Schrobenhausen

Germany

Tel.: +49 8252 97-1218

Fax: +49 8252 97-2900

[email protected]

www.bauer.de

BAUER Aktiengesellschaft

Financial calendar 2014

Publication Annual Report 2013 April 11, 2014

Annual Press Conference April 11, 2014

Analyst Conference April 11, 2014

Annual General Meeting June 26, 2014

Interim Report to March 31, 2014 May 14, 2014

Half-Year Interim Report to June 30, 2014 August 14, 2014

Interim Report to September 30, 2014 November 14, 2014

Listing SDAX, CDAX, GEX,

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ISIN DE0005168108

Reuters B5AG.DE

Bloomberg B5A GR


Disclaimer

This presentation contains forward-looking statements. Forward-looking statements

are statements that are not historical facts, including statements about our beliefs,

intentions, expectations, predictions and the assumptions underlying them.

These statements are based on factors as they are currently available to the

management of BAUER AG and therefore speak only as of the date they are made.

We assume no liability to update publicly or conform any of them to future events or

future developments.

Forward-looking information is subject to various known and unknown risks and un-

certainties, which could lead to material differences between the actual future results,

financial situation, development or performance of the BAUER Group and those

factors contained in any forward-looking statement. In view of these uncertainties, no

assurance can be given that these forward-looking statements will prove accurate

and correct, or that anticipated and projected future results will be achieved and we

caution you not to place undue reliance on these forward-looking statements.

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