Masterflex SE — Investor Presentation 2015

Aug 13, 2015

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The Masterflex Group

10th August 2015

Masterflex SE at a Glance

• Leading international market position
• Established 1987 in Germany/Ruhr region
• Market presence with 5 product brands
• 13 locations in Europe,
• North-/South America und Asia
• Almost 600 employees worldwide

Good EBIT margin

• Equity-Ratio 47%
• Trading on the Stock Exchange since 2000
• 55% free float, 45% with 5 major shareholders (incl. treasury shares)
• Legal form SE since 2012

The Financial Figures II/2015

Financial Figures –Sales Trend

Turnover

Financial Figures –Operating Result

Group EBIT and Margin

€million and %, continuing business units Temporarily lower profitabilty

• Current EBIT margin: 9.2% (previous year: 11.1%)
• Staff cost ratio: 38.3% (previous year: 36.3%)
• Cost of materials ratio: 31.6% (previous year 32.1%)

Financial Figures –Net Income

Consolidated Net Income

Half-year Profit Satisfying

• Financial result: €-0.5 million (previous year: €-0.6 million)
• Consolidated net income: €1.6 million (previous year: €1.9 million)
• Earnings per share: €0.18 (previous year : €0.21)

Financial Figures –Equity

Equity and Equity Ratio

Financial Figures –Refinancing

Financial Liabilities

Strong Debt Reduction Achieved

• Increasing rate of repayment in 2015
• Group refinancing until 2018
• M&A facility available

Shareholder Structure

Structure Stable since Last Capital Increase

Free flow (54.9%)

• SVB GmbH & Co. KG/ Family Schmidt (19.3%)
• Stichting Administratiekantoor Monolith (11.3%)
• BBC GmbH/ Dr. Bastin, Becks (6.1%)
• Baden-Würtembergische Versorgungsanstalt für Ärzte, Zahnärzte und Tierärzte (3.6%)
• Families Bischoping (3.3%)
• Treasury shares (1.5%)

The Business Model

• Specialist provider of high-tech hoses and connection systems for over 25 years
• Flexible solutions for transporting gases, liquids and solids
• Typical applications:
• High heat or pressure
• Aggressive chemicals or highly abrasive solids
• Microbe-infection or electrostatic charge
• Sterility and torsion-free
• Consultation oriented sale of application-oriented, flexible hoses and connection systems
• Ë Engineering, production and sales of high-tech hoses and connection systems

Masterflex products - a one stop shop

The Business Model –Our Customers

Mechanical engineering

Food manufacturers

Rail industry

Automotive industry

Pharmaceutical

Aviation

Manufacturing industry

Medical technology

Renewable energy

The Business Model –Products and Brands

Our Growth Strategy

Above average,

profitable growth with sustainable earnings

G L O B A L I S A T I O N

I N N O V A T I O N

High-tech hoses and connection systems

Outlook

Forecast for 2015

• Growth above the expected global economy growth rate
• Slightly increasing EBIT → Double-digit EBIT margin
• Confident to fulfil the annual forecast 2015

Short- to medium term perspective

More growth –also through acquisitions in the hose business

Return to dividends

Thank you for your attention!

Annex

Financial Calendar 2015

30 March	Annual report 2014, Financial press and Analysts' conference
11 May	Q 1/2015
16 June	Annual general meeting
10 August	Q 2/2015
9 November	Q 3/2015
23 - 25 November	Equity Forum, Frankfurt
Contacts
CFO	Mark Becks
IR	Dr. Annette Littmann

Annex - y-o-y Comparison of Key Figures

2013 Financial Year versus 2014	31.12.2013*	31.12.2014	Change
Turnover (k€)	57,904	62,466	7.9%
EBITDA (k€)	8,769	9,172	4.6%
EBIT (k€)	6,114	6,317	3.3%
EBT (k€)	4,537	5,194	14.5%
Consolidated result from continuing operations (k€)	2,867	3,232	12.7%
Consolidated result from discontinued operations (k€)	-80	-154	-92.5%
Consolidated result attributable to shareholders (k€)	2,596	3,043	17.2%
Earnings per share (€)	0.29	0.34	17.2%
EBIT margin (%)	10.6	10.1
Number of employees	550	567	3.1%
Consolidated equity (k€)	21,063	23,835	13.2%
Consolidated total assets (k€)	51,730	51,982	0.5%
Consolidated equity ratio (%)	40.7	45.9

* Previous year figures adjusted according to IAS 8

Annex –Disclaimer

This report contains forward-looking statements regarding future developments which are based on current assessments and planning of the management. Such forward-looking statements are characterised by words such as "expect", "would", "up to", "possible", "anticipate"and similar expressions. These statements are subject to risks and uncertainties. Should one of these factors of uncertainty or other imponderables occur or should the assumptions underlying the statements prove to be incorrect, the actual developments could differ significantly from the possible developments specified or implied in these statements. The Company does not intend to and assumes no obligation to update forward-looking statements on an ongoing basis, as these statements are based exclusively on the circumstances at the date of their publication.

Picture credits: All pictures © Masterflex SE except

Slide 11 Automotive: © Nataliya Hora–Fotolia.com , Rail industry © Petair–Fotolia.com, Aviation: © arquiplay77–Fotolia.com , Renewable energy: © F.Schmidt–Fotolia.com Slide 14 © weseetheworld - Fotolia.com