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MBB Industries AG | Berlin
Company presentation
Frankfurt am Main| 13 August 2013
Overview
Company
Finance
Outlook
2
MBB – the Group of German Mittelstand companies
MBB stands for Messerschmitt-Bölkow-Blohm
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 is 75% owned by its founders
MBB stands for long-term, value-driven corporate development
MBB has 1,000 employees generating sales of more than
€200 million in 2012
3
MBB – the business model
MBB acquires profitable German Mittelstand companies (SMEs)
MBB focuses on majorities
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
Value development
in millions of €
2005 2012
5
Share price
Group earnings
Revenues
Net Cash
205
37
13.4
1.7
22
9.5
31
-14
Overview
Company
Finance
Outlook
6
MBB growth also in 2013
More than
205 …and up to
240
7
Revenues in millions of €
MBB – our companies (1/3)
OBO-Werke GmbH & Co. KG (100 %)
Formerly known as Otto Bosse Holzverarbeitung
Polyurethane hard-foam boards (Tooling-Applications)
For customers in model-, mould- and toolmaking business
in particular in the automotive area
Leading international provider in a niche market
Revenues 2012: €11m 46 employees MBB since 2003
Delignit AG (76 %)
200-year corporate history as Blomberger Holzindustrie
Ecological, largely hardwood-based materials and system solutions
Examples of product use: automotive- and railroad-industry, building-
and production-equipment, armouring and securtiy applications
Publicly listed in Entry Standard at Frankfurt Stock Exchange
Revenues 2012: €34m 213 employees MBB since 2003
8
Revenues in millions of €
Net debt in millions of €
Delignit reduces debt and fosters growth
30.6
2010
25.7
2009
22.4
2012
34.1
2011
0.7
1.9
4.0
10.6
9
Delignit share
10
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
70%
80%
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
Delignit AG
MDAX
SDAX
DAX
Prime All Share
12M + 51%
MBB – our companies (2/3)
DTS IT AG (80 %)
IT-services in the field of cloud computing/Hosting for SMEs
Two State-of-the-art data centers, focused on IT-Security
Locations in Herford (HQ), Münster (ICSmedia), Fellbach (eld
datentechnik), Berlin, Bochum, Bremen, Hannover
20% of company shares held by management
Revenues 2012: €33m 130 employees MBB since 2008
Hanke Tissue Sp. z o.o. (97 %)
Tissue-mother rolls and hygienic paper (toilet paper, tissues,
napkins etc.) under the brand name „Aha“
Strong competitive position in Poland and the Ukraine
Doubling of capacities by 2014 with new paper machine is expected
Highest-margin company of MBB
Revenues 2012: €22m 251 employees MBB since 2006
11
2008 - 2010
2012 - 2014
Hanke is investing €10m until 2014
Picture:
Google Earth 2012
12
DTS growth through expansion and cloud focus
13
2012 2011
32.7
28.2
2010
22.1
2009
19.8
DC Herford 1983
Berlin
2012
Hannover
2009
Bremen
2009
Datacenter
DC Münster 2010
Sales- /Service-Office
Bochum
2008
Distribution
Revenues in millions of €
Stuttgart
2011
MBB – our companies (3/3)
14
CT Formpolster GmbH (100 %)
Former part of the Continental Group
Flexible polyether foams manufactured in own foaming plant; block
foams, individualized foams for mattress producers, caravans, office
Processing locations in Worms und Muehlheim
Focussing on development of new markets
Revenues 2012: €19m 85 employees MBB since 2010
MBB Fertigungstechnik GmbH (100 %)*
Former part of the CLAAS Group
Leading German manufacturer of special-purpose welding and
assembling machines
Focused on automotive-customers (OEM/Tier1), furthermore
aviation, renewable energy and other industries
Revenues 2012: €86m 273 employees MBB since 2012
* Since 31 March 2012
2012: CLAAS Fertigungstechnik becomes MBB Fertigungstechnik
former
15
From 2012: MBB Until 2011: CLAAS
Buy & build Global
footprint
CFT
2008
Operational
excellence
Profitable
growth
Stable
foundation
MBB Fertigungstechnik is growing
16
MBB Technologies (China) Ltd., Changzhou
17
Overview
Company
Finance
Outlook
18
yoy + 27 %
in millions of €
H1 2013
114.3
H1 2012
89.8
MBB revenues
19
yoy + 9.6 %
in millions of €
EPS in € 0.89 0.98
MBB group earnings
20
H1 2013 H1 2012
6.3
5.8
Substance wins
21
in millions of €
50 Equity
59
Cash 43
46
Net-Cash 18
19
H1 2013 H1 2012
CAGR + 31 %
in € per share
Dividend increases continuously
IPO 2x
0.25
0.25
2008
0.25
2007
0.25
2011
0.44
2010
0.33
2009
0.50
2006
0.10
0.50
2012
22
Overview
Company
Finance
Outlook
23
-20%
0%
20%
40%
60%
80%
100%
120%
140%
160%
180%
200%
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
MBB Industries AG
MDAX
SDAX
DAX
Prime All Share
MBB share
24
12M + 143%
MBB: 3 x BUY
25
Close Brothers Seydler July 2013 €27 BUY
SRH AlsterResearch July 2013 €26 BUY
Hauck & Aufhäuser July 2013 €29 BUY
0
1
2
3
4
5
6
7
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
Order book turnover
Shareholder structure and liquidity
* As of 31 May 2013
26
73,5%
MBB Capital Group
(Founders)
Own shares
2.2%
Freefloat
24.3%
Market capitalization of freefloat:
MDAX Rank: No. 122*
Order book turnover:
MDAX Rank: No. 108*
in millions of €
in millions of €
Further growth in revenues
2015ᵉ 2014ᵉ
>300ᵉ
2013ᵉ 2012
205
2011
110
2010
100
2009
81
2008
199
2007
114
2006
63
2005
37
27
e EXPERIENCE
ASSETS
NET CASH
OVER 1,000 EMPLOYEES
REFERENCES
GROWTH
CONTINUITY CASH FLOW
DIVIDEND
€300 MILLION IN REVENUES
DIVERSIFICTION
REPUTATION
28
Half-Year Report 2013
WGZ Conference, Düsseldorf
Analyst Conference "German Equity Forum“
Interim Report for Q3
End of fiscal Year
30 August 2013
19 September 2013
11 – 13 November 2013
29 November 2013
31 December 2013
FINANCIAL CALENDAR
29
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-10719 Berlin
web: www.mbb.com
Tel: 030-844 15 330
Fax: 030-844 15 333
E-mail: [email protected]
DISCLAIMER
30
MBB
MBB Industries AG
Joachimstaler Straße 34
D-10719 Berlin
Tel: 030-844 15 330
Fax: 030-844 15 333
Mail: [email protected]
Web: www.mbb.com
CONTACT
