NORMA Group SE — Earnings Release 2011

May 17, 2011

Presentation of First Quarter Results 2011

NORMA Group AG Maintal, 17 May 2011 Werner Deggim, Chief Executive Officer Dr. Othmar Belker, Chief Financial Officer Andreas Troesch, Director Investor Relations

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Disclaimer

This presentation contains certain future-oriented statements. Future-oriented statements include all statements which do not relate to historical facts and events and contain future-oriented expressions such as "believe", "estimate", "assume", "expect", "forecast", "intend", "could" or "should" or expressions of a similar kind. Such future-oriented statements are subject to risks and uncertainties since they relate to future events and are based on the Company's current assumptions, which may not in the future take place or be fulfilled as expected.

The Company points out that such future-oriented statements provide no guarantee for the future and that actual events including the financial position and profitability of the NORMA Group AG and developments in the economic and regulatory fundamentals may vary substantially (particularly on the down side) from those explicitly or implicitly assumed or described in these statements.

Even if the actual results for the NORMA Group AG, including its financial position and profitability and the economic and regulatory fundamentals, are in accordance with such future-oriented statements in this presentation, no guarantee can be given that this will continue to be the case in the future.

Successful IPO on 8 April 2011

Strong growth in the first quarter of 2011 with an excellent adjusted EBITA margin

Product portfolio for engineered joining solutions addressing key megatrends

Historic organic growth track record

Historic revenue development (1997 – 2010)

Rasmussen as the predecessor of the NORMA Group has shown a solid historical organic growth of 9.0% between 1997 and 2005. With the formation of the new group, NORMA Group switched gears into acquisition mode following the merger with ABA in 2006

NORMA Old pro forma stub financial year 1.1.-30.4.2006 (€89m) and NORMA New pro forma stub financial year 1.5.-31.12.2006 (€188m; including ABA for the period 17.11.-31.12.2006) Source: Rasmussen GmbH consolidated financial statements for 1997-2005 (German GAAP); DNL 1. Beteiligungsgesellschaft mbH pro forma consolidated financial statements for 2006 and consolidated financial statement for 2007 (German GAAP); NORMA Group GmbH IFRS consolidated financial statements for 2008, 2009 and 2010

Market leader in attractive engineering niche markets with strong growth prospects

(2010-15 CAGR)	End-market production unit growth	Joining technology market growth
Passenger vehicles	+6%	9%
Commercial vehicles	+6%	10%
Agricultural equipment	+1%	3%
Construction equipment	+13%	15%
Engines4	+5%	9%
White goods5	+5%	5%
systems6 Drainage	+6%	6%

• NORMA Group expects to grow even faster than its end-markets
• Note: Non-EUR sales converted using average exchange rates of the respective year. Use of different financial years for companies shown above may impact comparability 1 €490m refers to 2010 revenue. Split is based on third party gross revenue as per management accounts
• 2 Chart does not include competitors in fluid segment
• 3 Sales based on filing from Secura Industriebeteiligungen, which owns 100% in Müpro
• 4 Includes engines for industrial, power generation, marine and lawn and garden use
• 5 Includes only dishwashers and home laundry appliances
• 6 Construction / infrastructure / water management

Enhanced stability through broad diversification across products, end-markets and regions

• More than 35,000 products, manufactured in 17 locations and sold to more than 10,000 customers in 80+ countries
• Presence in China, India, Russia, Brazil and South Korea already established
• Top 5 customers account for only ~18% of 2010 sales

Significant growth and value creation opportunity through synergistic acquisitions

Focus on operational excellence

• "Global Excellence" program
• Continuous focus on optimisation of cost structure
• Significant cost savings achieved in 2010, with higher cost saving potential identified for 2011
• Manufacturing footprint substantially streamlined and optimised since 2007
• Closure of 13 sites, mainly in the US and EMEA
• Foundation/acquisition of 7 new sites, mainly in high growth markets

Continuation of growth track after successful management of the economic downturn in 2009

0%

5%

2008 2009 2010

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First quarter results prove strong start into FY 2011

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Strong growth and strict cost management leads to margin improvement in the first quarter

Adjusted¹ EBITA and EBITDA

in € million	Q1/2011	percent of revenue	Q1/2010	percent of revenue
Revenue	150.3	100%	106.1	100%
Changes in inventories of finished goods and work in progress	2.8		2.1
Raw materials and consumables used	- 68.1		- 47.1
Gross profit	85.0	56.6%	61.1	57.5%
Adjusted other operating income and expenses	- 17.3		- 10.3
Adjusted employee benefit expenses	- 35.7		- 28.4
Adjusted EBITDA	32.0	21.3%	22.4	21.1%
Depreciation without PPA depreciation	- 3.6		- 3.1
Adjusted EBITA	28.4	18.9%	19.3	18.2%
Amortisation without PPA amortization	-0.7		-0.4
Adjusted operating profit (EBIT)	27.7	18.4%	18.9	17.8%
Adjusted financial costs – net	- 2.4		- 2.0
Adjusted profit before income tax	25.3	16.8%	16.9	15.9%
Adjusted income taxes	- 7.2		-0.9
Adjusted profit for the quarter	18.1	12.0%	16.0	15.1%

1 Adjusted for one-off expenses in the first quarter of 2011 resulting from the integration of our US acquisitions and adjusted for one-off expenses related to the IPO in the first half of the year, as well as full-year adjustments resulting from purchase price allocations for intangible assets

Balance sheet in the first quarter does not yet reflect the positive effects of the IPO and refinancing

(all amounts in € million)	31 March 2011	31 Dec 2010
Assets
Non-current assets
Goodwill	217.3	221.7
Other intangible assets	73.9	79.3
Property, plant and equipment	92.1	89.4
Other financial and tax assets	8.8	8.8
	392.1	399.2
Current assets
Inventories	66.4	64.7
Other non-financial assets	10.5	9.2
Income tax assets	5.8	4.9
Trade and other receivables	92.7	70.3
Cash and cash equivalents	34.3	30.5
	209.7	179.6
Total assets	601.8	578.8

(all amounts in € million)	31 March 2011	31 Dec 2010
Equity and liabilities
Equity
Subscribed capital	24.9	0.1
Capital reserves	71.8	96.7
Other reserves	-0.7	-1.4
Retained earnings	-20.9	-20.1
Equity attributable to shareholders	75.1	75.3
Non-controlling interests	0.3	3.1
Total equity	75.4	78.4
Non-current and current Liabilities
Retirement benefit obligations	8.9	9.1
Provisions	11.1	7.8
Borrowings and other financial liabilities	389.7	368.9
Other non-financial liabilities	25.0	21.8
Tax liabilities and derivative financial liabilities	36.0	44.5
Trade payables	55.7	48.3
Total liabilities	526.4	500.4
Total equity and liabilities	601.8	578.8

Outlook 2011

• We expect long-term organic growth for the Group in the order of near to 10% (provided the global economic development continues unchanged and the euro does not get any stronger against NORMA Group's trading currencies – particularly the US dollar)
• On top, the consolidation of the Group's two US acquisitions, R.G.Ray and Craig Assembly, will result in additional sales of up to EUR 20 million in 2011 (US dollar depending) as compared with the previous year.
• The Group is aiming to achieve an adjusted EBITA ratio in the order of the previous year's adjusted EBITA ratio of 17.4% (adjusted for one-off expenses in the first quarter of 2011 resulting from the integration of our US acquisitions and adjusted for one-off expenses related to the IPO in the first half of the year, as well as full-year adjustments resulting from purchase price allocations for intangible assets)
• The Global Excellence Program and further increasing productivity will back this profit margin.
• This forecast is based on the condition that the changes of material prices during the rest of the year will not deviate significantly from the rises of material prices that have taken place in the first quarter.

Contact Andreas Troesch
Director Investor Relations
Phone: +49 6181 403 -554
Fax: +49 6181 403 -1554
Mobile: +49 1520 910 3619
E-mail: Andreas.Troesch@normagroup.com

NORMA Group management team

Werner Deggim Chief Executive Officer

Dr. Othmar Belker Chief Financial Officer

Bernd Kleinhens Sales & Business Development

John Stephenson Chief Operating Officer

NORMA Group provides mission-critical products and solutions with clear added-value

A world without NORMA Group Customer impact

Premium pricing through technology and innovation leadership in mission-critical components

	Mission-criticality: Small relative cost –	high impact	Ability to achieve premium pricing
Example: Harvester	Approx. value of joining technology content		Basis for premium pricing:  Market leadership 
Cooling water	c. € 21-26		Technology 
Charged air	c. € 20-25		Quality  Innovation 
Fuel and oil system	c. € 49-60		Tailor-made solutions 
Exhaust system	c. € 62-101		High switching costs for customers  Savings potential for customer 
Standard clamps and connectors	c. € 36-44		mismatches risk of switching supplier
	Total c. € 188-256 (< 0.1%)	Price of harvester: € 350,000

• Basis for premium pricing:
• Market leadership
• Technology
• Quality
• Innovation
• Tailor-made solutions
• High switching costs for customers
• Savings potential for customer mismatches risk of switching supplier

Tighter emission regulations drive increased joining technology content

Environmental awareness continues to drive tightening emission regulations globally

Increasingly tighter emission regulations, including in emerging markets

Low-emission alternatives require significantly higher joining technology content at a substantially increased complexity compared to existing/past technologies

Pro-active FCF management

Operating free cash flow (FCF)

Trade working capital

Capex

1 Including non-trade inventories, eg spare parts Source: NORMA Group GmbH IFRS consolidated financial statements 2008, 2009 and 2010

Operating net cash flow improvement in the first quarter

Adujsted operating net cash flow
Q1/2011	Q1/2010
32.0	22.4
- 16.8	- 14.8
- 8.8	- 3.5
6.5	4.2