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GRAMMER AG — Investor Presentation 2015
Feb 15, 2015
186_ip_2015-02-15_3a6e39b6-778d-4d59-918a-6f87fb621747.pdf
Investor Presentation
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Investor Presentation
February 2015
CORPORATE OVERVIEW
GROUP – KEY FACTS & FIGURES
Leading global player in the automotive and commercial vehicle industry
Facts
- Leading manufacturer of premium interior components and seating solutions
- Global player with > 10,000 employees
- Broad international manufacturing and R&D network in 20 countries
- Strong market position in core markets
Financials [in € million]
| 2 0 1 3 |
2 0 1 2 |
2 0 1 1 |
|
|---|---|---|---|
| R e e n e s v u |
1, 2 6 6 |
1, 1 3 3 |
1, 0 9 4 |
| G h i % t r o w n |
1 2 % + |
4 % + |
1 8 % + |
| E B I T |
5 8 |
4 9 |
4 9 |
| E B I T M i a r g n - |
4 6 % |
4 3 % |
4 % 5 |
| E P S i € n |
2 6 7 |
2 3 8 |
2 0 2 |
| D i i d d i € e n n v |
0 6 5 |
0 0 5 |
0 4 0 |
Revenues by division [FY 2013]
GROUP – GLOBAL FOOTPRINT
Global player on 4 continents with an international production & R&D network
AUTOMOTIVE – PRODUCT PORTFOLIO
Premium interior components for maximum in safety, comfort & functionality
SEATING SYSTEMS – PRODUCT PORTFOLIO
Highly innovative seating solutions and broad product portfolio for all applications
GRAMMER DIVISIONS – KEY FACTS & FIGURES
Interior components for passenger cars and suspended seats for commercial vehicles
revenues by product segment Seating Systems – revenues by product segment
GROUP – CUSTOMER STRUCTURE & MARKET SHARES
Broad customer base in both divisions – "The who is who of the industry"
Automotive – market shares
| H d t e a r e s |
C l o n s o e s |
|
|---|---|---|
| E r o p e u |
1 # |
2 # |
| N h A i t o r m e r c a |
# 3 |
# 5 |
| S h A i t o u m e r c a |
M k t t a r e e n r y |
/ 2 0 1 4 2 0 1 5 |
| C h i n a |
# 4 |
# 5 |
| No lev ark te: t m et nts re an se g me |
Seating Systems – market shares
| O f f d r o a |
T k r c u |
|
|---|---|---|
| E r o p e u |
1 # |
2 # |
| N h A i t o r m e r c a |
2 # |
2 # |
| S h A i t o u m e r c a |
# 1 |
# 1 |
| C h i n a |
# 3 |
# 5 |
GROUP – GLOBAL GROWTH STRATEGY
GROUP – PILLARS OF OUR GLOBAL GROWTH STRATEGY
Main factors of GRAMMER's global growth strategy
Innovationsand M&A to strengthen our global leadership
1
Globalizationdriven by regional market shift towards emerging markets
GROUP – LONGTERM MARKET GROWTH
Global mega trends as key drivers for long-term growth of automotive and truck markets
GROUP – INNOVATION AS GROWTH DRIVER
Supported by M&A strategy, our passion for new ideas & innovations drive our leadership
GROUP – GLOBALIZATION AS GROWTH DRIVER
Strong global presence as basis for GRAMMER's huge growth potential in all regions
GRAMMER's 5 year growth potential
Strong global presence is key for GRAMMER's successful growth strategy
Future growth will continue to be generated mainly outside of Europe
Global presence allows balancing weaker European markets with strong growth abroad
High number of projects will secure leading position in Europe & boost business in Americas & Asia
PRELIMINARY RESULTS 2014 & MARKET OUTLOOK 2015
Group revenue increased by 7%. EBIT on previous year's level despite up-front costs.
Global car and truck markets continued to grow, but uncertainties remain esp. in Brazil
Global passenger car production[in % vs. previous year]
Global production of heavy trucks[in % vs. previous year]
GROUP – SUMMARY: PILLARS OF SUCCESS
GRAMMER Group is well positioned for profitable growth & value generation
BACKUP INFORMATION
Positive share price development in volatile stock markets
GROUP – EXECUTIVE BOARD
Highly experienced management team driving profitable growth strategy
- joined in 2007
- more than 25 years of automotive experience
- former positions include:
- GM climate control North & Eastern Europe, Valeo S.A.
- CEO & GM power steering systems, Continental AG
Volker WalprechtCFO
- joined in 2012
- 25 years of industry experience
- former positions include:
- CFO Oil & Gas Division, Siemens AG
- CFO Chassis & Safety Division, Continental AG
Manfred PretscherCOO
- joined in 2010
- 30 years of automotive experience
- former positions include:
- GM climate control systems Germany, Valeo S.A.
- Head of R&D for engine cooling systems Germany, Valeo S.A.
GROUP – LONG-TERM GROWTH 2004 – 2014prel
Strong track record of revenue growth
Group revenues in € billion – 10 year development:
GROUP – KEY FIGURES Q3 and 1-9 2014
| 1- 9 2 0 1 4 |
1- 9 2 0 1 3 |
C h g |
Q 3 2 0 1 4 |
Q 3 2 0 1 3 |
C h g |
|
|---|---|---|---|---|---|---|
| G R r o p e e n e s u v u |
9 9 3 8 |
9 2 9 5 |
4 3 % |
3 2 4 2 |
3 1 0 4 |
4 4 % |
| E B I T D A E B I T D A M i a r g n - |
6 9 8 0 % 7 |
6 8 5 2 % 7 |
1. 9 % 0 2 % P - - |
2 1. 8 6 % 7 |
2 1. 9 1 % 7 |
0 5 % - 0 4 % P - - |
| E B I T E B I T M i a r g n - |
4 3 1 4 3 % |
4 3 3 4 % 5 |
0 5 % - 0 2 % P - - |
1 2 2 3 8 % |
1 3 2 4 3 % |
7 6 % - 0 % P 5 - - |
| P f i f t t t r o a e r a x e s E P S i € n |
2 5 8 2 3 7 |
2 3 9 2 1 5 |
7 9 % 1 0 2 % |
7 5 1. 6 7 |
6 6 1. 5 4 |
1 3 6 % 8 4 % |
| T l A t t o a s s e s E i t q u y E i R i t t q u y a o - |
8 0 8 1 2 3 4 8 2 9 % |
6 4 8 7 2 2 5 1 2 9 % |
% 5 7 4 3 % P 0 % - |
8 0 8 1 2 3 4 8 2 9 % |
6 4 8 7 2 2 5 1 2 9 % |
% 5 7 4 3 % P 0 % - |
| N F i i l D b t t e n a n c a e G i R i t e a r n g a o |
1 2 0 6 5 1 % |
1 1 0 5 4 9 % |
9 1 % P 2 % - |
1 2 0 6 5 1 % |
1 1 0 5 4 9 % |
9 1 % P 2 % - |
| C ( / ) M & A a p e o x w D i i t e p r e c a o n |
3 2 2 2 6 7 |
3 1. 0 2 5 2 |
3 9 % 6 0 % |
1 0 4 9 6 |
1 5 5 8 7 |
3 2 9 - 1 0 3 % |
| ( ) E l h- d t m p o e e s m o n e n y |
1 0 4 9 9 , |
9 8 0 5 , |
9 6 % |
1 0 4 9 9 , |
9 8 0 5 , |
9 6 % |
In 2013 GRAMMER once again substantially improved the previous year's good results
| f K i 2 e y g u r e s |
0 1 3 |
|||
|---|---|---|---|---|
| [ I F R S i € i l l i ] n m o n , |
2 0 1 3 |
2 0 1 2 |
C h a n g e |
|
| G R r o p e e n e s u v u |
1, 2 6 5 7 |
1, 1 3 3 0 |
1 1. % 7 |
|
| E B I T D A E B I T D A M i a r g n - |
9 2 3 3 % 7 |
7 8 1 6 9 % |
1 8 2 % 0 4 % P - |
|
| E B I T E B I T M i a r g n - |
5 8 0 4 6 % |
4 9 0 4 3 % |
1 8 4 % 0 3 % P - |
|
| P f i f t t t r o a e r a x e s |
2 9 6 |
2 6 8 |
1 0 4 % |
|
| S E P i € n D i i d d i € e n n v |
2 6 7 0 6 5 |
2 3 8 0 0 5 |
1 2 2 % 3 0 0 % |
|
| E i t q u y E i R i t t q u y a o - |
2 2 4 7 2 9 % |
2 1 0 3 3 1 % |
6 8 % P 2 % - - |
|
| N F i i l D b t t e n a n c a e G i R i t e a r n g a o |
9 3 2 4 1 % |
6 7 5 3 6 % |
2 1. 8 % P 5 % - |
|
| ( ) E l d m p o y e e s y e a r e n |
1 0 0 8 2 , |
8 6 2 0 , |
1 7 0 % |
Note: Prior-year figures 2012 were adjusted to reflect application of IFRS 11 and the amended version of IAS 19
GRAMMER – FINANCIAL CALENDAR & IR CONTACT
Financial Calendar 2015
| A l R 2 0 1 4 t n n a e p o r u : |
M h 3 0 2 0 1 5 a r c , |
|---|---|
| C f A l & P t n a s r e s s o n e r e n c e y |
M h 3 0 2 0 1 5 a r c : , |
| Q / I i R 1 2 0 1 t t 5 n e r m e p o r : |
M 0 6 2 0 1 5 a y , |
| G A l l M i t n n a e n e r a e e n g u : |
M 2 0 2 0 1 5 a y , |
| Q / I i R 2 2 0 1 t t 5 n e r m e p o r : |
A 0 2 0 1 t 5 5 g s u u , |
| Q / I i R 3 2 0 1 t t 5 n e r m e p o r : |
N b 0 4 2 0 1 5 o e m e r v , |
Investor Relations Contact
Ralf Hoppe
VP Investor Relations, Communications,Marketing & Strategic Product Planning
| P h o n e : |
( ) 4 9 0 9 6 2 1 6 6 2 2 0 0 + |
|---|---|
| F a x : |
( ) 4 9 0 9 6 2 1 6 6 3 2 2 0 0 + |
| E i l m a : |
@ i l i t t n v e s o r- r e a o n s g r a m m e r. c o m |
| I t t n e r n e : |
/ i l i t t w w w g r a m m e r. c o m n v e s o r- r e a o n s |
This presentation has been prepared by Grammer AG solely for investor meetings in February 2015. It hasnot been independently verified. It does not constitute an offer, invitation or recommendation to purchase orsubscribe for any shares or other securities issued by Grammer AG. Nor shall any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.
Therefore, neither Grammer AG nor any of its affiliates, advisors or representatives shall have any liabilitywhatsoever (in negligence or otherwise) for any loss that may arise from any use of this document or itscontents, or which otherwise results from this document.
This presentation includes assumptions, estimates, forecasts and other forward-looking statements, includingstatements about our beliefs and expectations regarding future developments as well as their effect on theresults of Grammer. These statements are based on plans, estimates and projections currently available tothe management of Grammer. Therefore, these statements are only valid for the date on which they are made, and we assume no obligation to publicly update them in the light of new information or future events. Furthermore, although management is of the opinion that these statements and their underlying beliefs andexpectations are realistic, no guarantee can be given that the expected developments and effects will actuallyoccur. Many factors may cause the actual development to be materially different from the expectationsexpressed here. Examples of such factors include, but are not limited to, changes in general economic andbusiness conditions, fluctuations in currency exchange rates or interest rates, the launch of competingproducts, the lack of acceptance of new products or servicesand changes in business strategy.