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Masterflex SE Investor Presentation 2017

Mar 27, 2017

276_ip_2017-03-27_b4cd2aa2-4af4-44d8-9004-08f945ac0491.pdf

Investor Presentation

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At a glance

Technology leader for high-tech hoses and connection systems

  • 1987 established in Germany/Ruhr region
  • 13 sites in Europe, North & South America and Asia
  • Award-winning leader in technology for hoses
  • Sustainable good EBIT margin
  • Since 2000 listed in the Prime Standard segment
  • 42% freefloat, more than 58% with 6 major shareholders (thereof a good 5% to the Executive Board)

The Financial Year 2016 in Key Words

Good numbers, ínnovations, building completed

  • Growth of 3.7%
  • Operational EBIT increases by 25%
  • Stock performance by 12%
  • Extension completed as scheduled
  • Improvement of efficiency continued
  • Market launch of smart hoses under the brandAMPIUS
  • Some more product launches
  • New arrangement for the Group financing
  • Acquisition of the fluorpolymer-specialist APT

Financial Figures

In der Medizin nicht

Klasse 6 gefertigt.

wegzudenken: Schläuche, mit

denen Kranke sicher versorgt

Schläuche aus der Masterflex

Group werden nach strengsten

Regeln in Reinräumen bis zur

werden. Die medizinischen

Financial Figures – Sales Trend

Financial Figures – Operational Results

Group EBIT & EBIT Margin

€ million

Profitability increased again

  • Cost of materials ratio: 31.0% (p.y. 31.6%)
  • Staff cost ratio: 39.5% (p.y. 39.4%)
  • EBIT margin: 9.2% (p.y. 7.6%)
  • Ongoing process of optimization at all important sites initiated

Financial Figures – Results

Group Profit

€ million

Consolidated net income 2016 grew by 50%

  • Financial result: € -1.3 million(p.y. € -1.0 million)
  • Net profit: € 2.9 million (p.y. € 1.9 million)
  • Earnings per share: € 0.34 (p.y. € 0.22)
  • Extraordinary charges (€ 0.6 million) caused by court decision made up again

Financial Figures: Solid Balance Sheet

Our business model

The Market for Hoses

  • Total market volume: € 21 billion(Europe, Americas, Asia)
  • Market forspecial hoses: € 2 billion
  • Ourlong-term goal: € 200 million
  • Our solutions: Durable connections fortransport of gases, fluids and solids under special requirements
  • Consultation driven sale and development work

Data: ProdCom/Eurostat; own survey

Masterflex Group products – a one stop shop

Our extended product portfolio

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Our customer sectors

At a glance: APT

Our new subsidiary

  • APT Advanced Polymer Tubing GmbH was established in 2011
  • Product portfolio: tubing from 0.2 to 130 mm diameter and shrink tubing
  • Sales especially in the 'DACH' region
  • Sale to Masterflex Group effective as per1st January 2017 because of improved possibilities for sale and production
  • Property rented in Neuss; approx. 30 employees
  • Mid-single digit million of revenue in 2016 combined with a double-digit EBIT margin
  • Continuity in the management of APT

Our Growth Strategy

M & A in thehose businessGrowth combined with high profitability High-tech hoses & connection systems N NOVATIONENGLOBALSATON

Our growth strategy

Criteria for further acquisitions on the hose market

  • Business model: target company developes or produces hoses, hose systems or connection systems respectively primary products or components
  • Material expertise: focus on hightech plastics and other synthetical polymers
  • Regional focus: regions of our globalisation strategy
  • Customer cluster: focus on so called 'white' industries (medical technique, food, pharmacy)
  • Profitability: focus on sustainable good EBIT-margin
  • Products: good addition to Masterflex Groups portfolio

Outlook

Forecast for 2017

Growth of revenue between 6% and 10% (thus turnover: € 70.5 million - € 73.2 million)

EBIT margin above 10% (thus: EBIT more than € 7 million)

Long term perspective

Market leaderin all addressed markets

Growth also by further acquisitions

Consolidation on the market for hightechhoses

Our share

© Masterflex SE

Our Shareholders after the Capital Increase

Division of the capital of 9.8 million shares

  • Free flow (41.5%)
  • SVB GmbH & Co. KG/ Family Schmidt (18.2%)
  • Stichting Administratiekantoor Monolith (13.1%)
  • J.F. Müller & Sohn (11.9%)
  • BBC GmbH/ Dr. Bastin, Becks (5.6%)
  • Reinhart Zech/ Grondbach GmbH (5.4%)
  • Families Bischoping (3.0%)
  • Treasury shares (1.4%)

Annex

Financial calendar 2017

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The Masterflex Group

Organisation chart of the Group

Annex – Corporate Bodies of the Masterflex SE

Executive Board

CEO

Mark BecksCFO

Supervisory Board

Chairman

Dr. Gerson LinkDeputy Chairman

Member

Annex – Key figures in comparion y/o/y

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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 2 © Handelsblatt-Verlag, www.top-100
  • Slide 10 © zoja-Fotolia.com
  • Slide 12 Automotive: © Nataliya Hora–Fotolia.com, Rail industry © Petair–Fotolia.com, Aviation: © arquiplay77–Fotolia.com , Renewable energy: © F.Schmidt–Fotolia.com
  • Slide 16 © psdesign1–Fotolia.com

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