Aurelius SE & Co. KGaA

Earnings Release • Mar 5, 2014

News Details

Corporate | 5 March 2014 07:30

AURELIUS: Convincing preliminary figures for 2013

AURELIUS AG / Key word(s): Preliminary Results

05.03.2014 / 07:30

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AURELIUS: Convincing preliminary figures for 2013

– Total consolidated revenues up 11 percent to EUR 1,525.2 million

– Operating EBITDA of EUR 106.2 million

– Dividend of EUR 1.05 per share (basic dividend of EUR 0.70 plus a special dividend of EUR 0.35)

– Numerous transactions carried out in 2013 and pipeline still well filled

– Completion of transactions to have a strong impact on results and yield cash inflows in Q1 2014

Munich, March 5, 2014 – The Munich-based AURELIUS Group (ISIN DE000A0JK2A8) enjoyed yet another highly successful year in 2013. According to provisional, unaudited figures, total consolidated revenues rose by eleven percent to EUR 1,525.2 million (2012: EUR 1,378.1 million). Among other things, the total includes the proportionate revenues of the following companies sold during the reporting period: Schleicher Electronic, up to July 2013, and DFA Transport und Logistik, up to December 2013. The annualized consolidated revenues amounted to EUR 1,602.2 million.

Operating EBITDA exceeds EUR 100 million

Despite the very successful disposals in 2012, the AURELIUS Group’s earnings before interest, taxes, depreciation and amortization (EBITDA) totaled EUR 106.2 million, reflecting the good performance and success in restructuring at most AURELIUS Group subsidiaries. The income from the reversal of negative goodwill (bargain purchase) totaled EUR 38.1 million, while restructuring and non-recurring expenses amounted to EUR 58.8 million. The EBITDA of the combined Group totaled EUR 85.5 million.

The AURELIUS Group held cash and cash equivalents of EUR 223.9 million at the reporting date of December 31, 2013 (December 31, 2012: EUR 244.7 million). The gains on the disposal of the healthcare activity of brightONE, which AURELIUS announced in December 2013, are not included in this figure as this transaction was not completed until January 31, 2014.

Basic dividend rises to EUR 0.70, special dividend totals EUR 0.35 this time round

The Executive Board once again wishes to allow the shareholders of AURELIUS AG to share in the company’s success in the last fiscal year and will consequently propose to the Supervisory Board that the annual general meeting of shareholders to be held on May 21, 2014 be asked to approve a resolution to pay a dividend of EUR 1.05 per share out of the distributable profit of AURELIUS AG. This payout consists of a basic dividend of EUR 0.70 per share, up from EUR 0.60 last year, plus a special dividend of EUR 0.35 to be financed out of the most recent gains on disposal. This means that the planned aggregate dividend payout would amount to EUR 33.3 million.

Successful transactions in 2013

Alongside the disposals of Schleicher Electronic and DFA Transport und Logistik, AURELIUS again succeeded in adding interesting companies to its portfolio in 2013. AURELIUS acquired the following enterprises during the reporting period: Studienkreis a provider of extra tuition for children; fidelis HR (formerly known as TDS HR Services & Solutions GmbH), a software and outsourcing service provider for HR departments; and brightONE, an IT services provider (former activities of the Finland-based Tieto Group in Germany, the Netherlands, India and Poland). In addition, AURELIUS reinforced several of its portfolio companies by making add-on acquisitions during the past reporting period: the LD Didactic subsidiary acquired the product portfolio of ELWE(R) Technik, an established premium vendor of education systems and devices; fidels HR acquired HCM Gilde, a consultancy specializing in the field of HR services; the IT subsidiary Getronics purchased the sales activities of the Japan-based NEC Group covering unified communications in the UK, Spain, Portugal and Switzerland; and the compressor manufacturer SECOP completed the biggest add-on deal in the history of AURELIUS with the acquisition of the major assets of ACC Austria (now known as Secop Austria). Furthermore, AURELIUS acquired the rights to the Sealine motor yacht brand in July, with products now being manufactured by the AURELIUS subsidiary HanseYachts under license.

The Executive Board expects transaction activities to remain brisk in 2014. The pipeline for acquisitions and disposals continues to be well filled. AURELIUS is looking to complete further transactions over the coming months.

Key figures
(in EUR millions)	1/1-12/31/2013	1/1-12/31/2012
Total consolidated revenues	1,525.2	1,378.1
Consolidated revenues, annualized	1,602.2	1,583.7
Total consolidated EBITDA	85.5	163.7
– of which bargain purchase income	38.1	107.2
– of which restructuring and non-recurring expenses	58.8	57.7
Consolidated operating EBITDA	106.2	114.0
	12/31/2013	12/31/2012
Cash and cash equivalents	223.9	244.7
Equity ratio	29%	30%

ABOUT AURELIUS

AURELIUS has been successfully operating in the international market for company acquisitions for many years. The focus is on companies and corporate spin-offs in markets with plenty of potential for development. Once under the AURELIUS umbrella, the acquisitions are given a long-term strategic orientation and their potential developed. Building on active operational support, the subsidiaries benefit from the management experience and financial strength of the parent company. This is what makes AURELIUS a “good home” for companies and their employees.

At present, the AURELIUS Group encompasses 17 subsidiaries around the globe with facilities in Europe, Asia and the United States. Among others, these include traditional names like Blaupunkt and Berentzen together with numerous industrial enterprises. Companies are acquired in accordance with strict investment criteria, although there is no specific industry focus. Shares of AURELIUS AG are listed in the m:access segment of the Munich Stock Exchange and are traded on all German stock exchanges under ISIN DE000A0JK2A8.

To find out more, visit www.aureliusinvest.de .

CONTACT

Investor Relations & Corporate Communications

Phone +49 (89) 544799 – 0

Fax +49 (89) 544799 – 55

investor@aureliusinvest.de

End of Corporate News

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