mbb se, berlin hamburg, 5 may 2015 · q1 2011 q4 q4 eps in € 12 . dividend continuously rising...

Company presentation

MBB SE, Berlin

Hamburg, 5 May 2015

Mission

2014

2015

Share

2

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-owned business

3

MBB SE – The Team

Board

Gert-Maria Freimuth

(Chairman)

Dr Peter Niggemann

(Vice Chairman)

Dr Ralf Meinert

Manager Corporate Finance

Steffen Stachna

Analyst & IR

Team

Pia Kramer

Office Manager

Executive

Management

Dr Christof Nesemeier

Chief Executive Officer

Anton Breitkopf

Chief Financial Officer

Klaus Seidel

Chief Technical Officer

Dr Gerrit Karalus

Chief Investment Officer

4

Dr Constantin Mang

Executive Assistent

Acquisitions of new

companies

Acquisitions of new

subsidiaries for our

companies

■ MBB Fertigungstechnik 2012

■ CT Formpolster 2010

■ DTS 2008

■ Hanke 2006

■ OBO-Werke

2014 Huntsman Tolling business

■ Delignit

2013 DHK automotive

2013 HTZ Holztrocknung

■ DTS

2013 ICSmedia

■ MBB Fertigungstechnik:

2014 Training center

2013 MBB Technologies (China)

■ CT Formpolster:

2014 Corporate real estate

2014 Vertical CNC machine

■ Hanke Tissue:

2014 Paper machine

2015 New toilet paper machine

■ DTS:

2014 Real estate property

■ Delignit:

2013 High compression press

Investments in our

companies

Organic Buy & Build M&A New

5

MBB – Growth paths

* Since IPO incl. dividends 6

Value development

2005 2014

237

37

1.7

13.2

24

-14

24

9.5

Share price in €*

Group earnings

Revenues

Net-Cash

Mission

2014

2015

Share

7

in millions of €

MBB annual group revenues

236.7

2013 2014

228.2

yoy 3.7%

8

in millions of €

MBB annual group earnings

13.2

2013 2014

13.5

yoy -2,0%

9

2.09 2.01 EPS in €

Sound financials

23.8

54.9

58.7

Net-Cash

67.8

78.6

24.3

Equity

Cash

2013 2014

in millions of €

10

Soundness succeeds

As of 31 December 2014

59

(30%)

84

(43%)

34

(17%)

79

(40%)

Assets

73

(37%)

197

65

(33%)

Equity and liabilities

197

in millions of €

Non-current assets

Cash

Equity

Financial liabilities

Other liabilities

Current assets

11

Positive quarterly trend

* One time write-off of €1.42 Cildro SA

0.23

Q3

-1.44*

Q2

0.04

Q2

0.49

Q2

0.14

0.02

0.21

0.40

Q4 Q1

2012

Q3

0.31

Q1

2014

0.47

Q4

0.62

0.52

Q3

0.51 0.49 0.50

Q2 Q2 Q4 Q1

2013

0.51 0.48

Q3

0.67

Q3

0.13

Q4

0.08 0.11

Q2 Q1

2009

0.06

Q4 Q3

0.29

0.21

Q1

2010

Q3

0.52

0.14

Q1

2011

Q4 Q4

EPS in €

12

Dividend continuously rising

2013

0.55

2012

0.50

2011

0.25

2008

0.25

0.10

2006

0.33

0.44

2007

0.57

0.25

2014e

0.25

2010 2009

0.50

CAGR + 24%

in € per share

IPO 2x

13

Mission

2014

2015

Share

14

€250 million revenue plan for 2015

Up to

250e

Revenues in million of €

15

MBB Fertigungstechnik Special machinery manufacturer (MBB company since 2012)

Delignit Wood based products (MBB company since 2003)

DTS IT-Services (MBB company since 2008)

Hanke Tissue Tissue products (MBB company since 2006)

CT Formpolster Soft foams (MBB company since 2010)

OBO Tooling products (MBB company since 2003)

MBB Fertigungstechnik – global turnkey machinery partner for the automotive industry

Revenues in millions of €

Origin

Founded as CLAAS tool manufacturing in the 60s

Becoming the leading special purpose machine builder

for the automotive and aviation industry

Company spin off from CLAAS in 2012

Company

Approximately 300 employees plus 35 trainees

Locations in Beelen (D) and Changzhou (CN)

Approx. 80% customers in the automotive industry

Business segments

Assembly technology

Joining technology

Toolmaking

Markets

Automotive

Aviation

General Industries

16

2015e 2010

67.0

+7% p.a.

103.0

2012 2011

102.1

66.5

2014 2013

106.7

2009

96.0

MBB Fertigungstechnik – Business segments

Camshafts

Steering column

and sensors

Chassis

Aviation

Agricultural

technology

Household

appliances

Automotive Further

17

Investments 2013/2014

New CNC center and new assembly robot

Automated veneer-sorting and additional veneer-jointing line

New high compression press

Acquisition of DHK automotive group

New contracts, investments and innovations – Delignit on growth track

New contracts 2014

Light commercial automotive vehicle floor OEM SOP 2014

Building equipment industrial flooring projects 2014

Special rail floor for high speed trains SOP 2015

Innovations 2013/2014

dunacore®, a lightweight honeycomb sandwich construction

from renewable raw materials such as hemp

Light commercial vehicle floor with load securing system

certified under the EN ISO 27956 standard

carbonwood®, a wood-CFK composite material

18


2013

35.2

2011

34.1 30.6

2010

26.7

2009

22.4

2014

+14% p.a.

2015e

42.6

2012

-30%

0%

30%

60%

90%

120%

150%

180%

210%

240%

270%

300%

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 A 14 O 14 D 14 F 15 A 15

Delignit AG

MDAX

SDAX

DAX

Prime All Shares

Delignit share

As of 24 April 2015

3y + 152%

19

Hanke Tissue – investments in high margin growth

20

Output volume 2014 (in t per day)

Logistics center 7,600 sqm

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

Further completed investments

Jul Oct May Apr Feb Jan Mar Sep Aug Jun

60

20

40

80

100

0

PM I

PM II


2014

+11% p.a.

2013

29.9

2015e

23.5

2010

22.7

17.9

2011 2012 2009

22.4 22.8

DTS – continuous growth with focus on technological leadership

DC Herford 1983

Berlin 2012

Hannover 2009

Bremen 2009

Datacenter

DC Münster 2010

Sales- /Service-Office

Bochum 2008

DC Hamburg 2014

Regional development 2008 – 2014

21


34.3 32.7

2011

22.1

2009

19.8

+12% p.a.

35.7

2012 2013 2010

28.2

2015e 2014

Automotive

Other business

30%

Mattresses

CT Formpolster growing with focus on mattresses – Internet drop-shipping as growth area

Revenue split 2009

Revenue split 2015e

thereof Internet resellers

56%

Mattresses Other business

Automotive

22


2015e 2009

18.0

+3% p.a. 20.5

2012

18.5

2011 2013

19.8

18.4

2014 2010

17.7

PU/EP seamless

modeling paste

PU boards

PU/EP liquids

EP boards

OBO-Festholz® (hard wood)

PU boards

OBO has grown organically and by acquiring Huntsman Advanced Materials’ tooling business

Revenue split 2009

Revenue split 2015e

23

Plant II


12.4

2015e

+16% p.a.

2014

13.5

2012

11.8 10.5

8.5

2013

Huntsman

Acquisition

2009

6.5

2010 2011

Promising M&A potential

67

85

41

95

62 56

37

63

Q3

/2

013

Q4

/2

014

Q3

/2

014

Ø 63

Q1

/2

014

Q4

/2

013

Q2

/2

014

Q2

/2

013

Q1

/2

015

MBB M&A „Leads“ M&A trends for MBB

Size

Add-On

Options

Price

expectations

More companies with

€50 to €100 million in

revenues

Increasing number of buy

& build opportunities as

strategic additions

Increased price

expectations by vendors

Importance

of reputation

Large number of

situations in which the

sole criterion of price is

irrelevant; reluctance with

PE-business model

24

Ø ~ 250-300 Leads p.a with

~ 100 detailed analyses

Mission

2014

2015

Share

25

-30%

0%

30%

60%

90%

120%

150%

180%

210%

240%

270%

300%


MBB SE

MDAX

SDAX

DAX

Prime All Shares

As of 24 April 2015

MBB share price development and analyst targets as of April 2015

3Y + 220% Current share price: €24

26

€28 BUY

€27 BUY

€26 BUY

Hauck & Aufhäuser

Oddo Seydler

SRH AlsterResearch

WGZ Bank Research

* The two founders Gert-Maria Freimuth and Dr Christof Nesemeier each hold roughly 35% of outstanding MBB Industries AG shares.

Factsheet

27

COMPANY MBB SUBSIDIARIES

CT Formpolster GmbH

Delignit AG

DTS IT AG

SHAREHOLDER STRUCTURE KEY FIGURES (in million of €) 2006 2007 2008 2009 2010 2011 2012 2013 2014

Revenue 63 114 199 81 100 110 205 228 237

EBITDA 10.6 21.2 19.5 7.9 -3.2 9.2 24.6 22.7 22.0

Group earnings 4.3 13.6 8.0 3.5 -6.8 3.3 13.6 13.5 13.2

EPS in € 0.65 2.07 1.22 0.54 -1.04 0.51 2.11 2.09 2.01

DPS in € 0.1 0.25 0.25 0.5 0.33 0.44 0.5 0.55 0.57e

Total Assets 79.4 131.9 139.9 101.9 91.7 85.8 148.7 177.2 196.7

Equity 35.5 50.5 54.3 55.6 47.4 45.7 57.4 67.8 78.6

Equity ratio 44.7% 38.3% 38.8% 54.5% 51.7% 53.3% 38.6% 38.3% 39.9%

Net Debt (-) / Net Cash (+) 8.9 0.8 -1.0 10.7 14.8 13.7 31.5 23.8 24.3

Employees 1,372 1,792 1,827 1,122 665 714 998 1,066 1,146

CONTACT SHARE DATA

MBB SE ISIN DE000A0ETBQ4

Joachimsthaler Straße 34 WKN A0ETBQ

10719 Berlin Share type Ordinary shares

Germany Reuters Code MBBG.DE

Ticker Symbol MBB

Tel: +49-30-844-153-30 Admission segment Prime Standard

Fax: +49-30-844-153-33 Number of shares 6,600,000

[email protected]

www.mbb.com FINANCIAL CALENDAR

29 May 2015 Quarterly report Q1.2015

30 Jun 2015 Annual General Meeting 2015

31 Aug 2015 Quarterly report Q2.2015

25 Nov 2015 German Equity Forum 2015

30 Nov 2015 Quarterly report Q3.2015

31 Dec 2015 End of fiscal year

Executive Management BOARD

MBB SE 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 (CEO) Gert-Maria Freimuth (Chairman)

Dr Peter Niggemann (Vice Chairman)

Dr Christof Nesemeier

Anton Breitkopf

Dr Gerrit Karalus

Klaus Seidel Hanke Tissue Spolka z o.o.

MBB Fertigungstechnik GmbH

OBO Werke GmbH & Co. KG

SHARE PRICE DEVELOPMENT (3 years)

71%

29%

Founders Freefloat

-30%

0%

30%

60%

90%

120%

150%

180%

210%

240%

270%

300%


MBB SE

MDAX

SDAX

DAX

Prime All Shares

Quarterly report Q1.2015 29 May 2015

Annual General Meeting 2015 30 June 2015

Quarterly report Q2.2015 31 August 2015

Quarterly report Q3.2015 30 November 2015

End of fiscal year 31 December 2015

FINANCIAL CALENDAR

28

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 SE 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 SE 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 SE. For questions, contact:

MBB SE

Joachimsthaler Straße 34

D-10719 Berlin

web: www.mbb.com

Tel: 030-844 15 330

Fax: 030-844 15 333

E-mail: [email protected]

29

DISCLAIMER

30

CONTACT

MBB SE

Joachimsthaler Straße 34

D-10719 Berlin

Tel: 030-844 15 330

Fax: 030-844 15 333

Mail: [email protected]

Web: www.mbb.com

MBB.COM

mbb se, berlin hamburg, 5 may 2015 · q1 2011 q4 q4 eps in € 12 . dividend continuously rising...

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