Customer Value through Innovation

Highlights Q1 2014

Strong start into 2014 confirms Full Year Guidance

	Sales Development in EUR million
Sales	2013	2014	Change	Change in %	thereof organic	thereof acquistions	thereof currency
Q1	159.3	177.8	+18.5	+11.6%	+12.6%	+1.6%	-2.6%

 	Strong start into 2014 with 12.6% organic growth Growth outperforms the growth of the previous quarter (Q4/2013: +10.6% y-o-y)

Acquisitive growth of 1.6% from 2013 consolidations of Poland and Australia
Strong growth in all 3 regions despite currency translation headwinds
EMEA: including positive EURO 6 impact
Americas: growing strongly y-o-y and compared to previous quarter Q4/2013
APAC: grows organically as well as through acquisitions

Personnel Expenses and Margin improved in Q1/2014

Gross profit improved by 50 basis points
Personnel expenses for permanent employees improved with solid growth
Flat ratio of value added costs (Personnel + OPEX): Q1/2014: 39.9% vs. Q1/2013: 36.7%
Temporary cost impact of 2 plants in built up phase (Brazil and China II)

No Operational Adjustments in Q1/2014

Financial result adjusted by one-off costs due to favourable repayment of SFA

in EUR million	adjusted	PPA adjustments	reported
Sales	177.8	0	177.8
EBITDA	36.7	No operational adjustments	36.7
EBITDA margin	20.6%		20.6%
EBITA	32.6	0.2 (Depreciation PPA)	32.4
EBITA margin	18.4%		18.2%
EBIT	31.4	2.4* (Amortization PPA)	29.0
EBIT margin	17.7%		16.3%
Financial result	3.6	5.4 (Partial SFA repayment)	9.0
Net Profit	19.6	6.0 (post tax impact)	13.6
Net Profit margin	11.0%		7.6%
EPS (in EUR)	0.61	0.19 (EUR 0.05 from PPA & EUR 0.14 from financial result)	0.42

* total PPA adjustments for 2014 at approx. EUR 10 million

Operating Net Cash Flow increased by > 130%

Q1/2014	Q1/2013	Variance
36.7	32.6	+12.7%
-11.7	-20.9	-55.6%
25.0	11.7	+115.6%
-6.4	-4.1	+56.7%
18.6	7.6	+147.6%

Operating net cash flow before investments increased by EUR 13.3 million to a total of EUR 25.0 million
Higher EBITDA and less working capital built up
Capex spending increased to EUR 6.4 million mainly due to new plants in China and Brazil

Net Debt, Financing and Equity Ratios

Leverage first time down to 1.0 (Net debt / EBITDA)

Repayment of EUR 101.4 million SFA funded by low interest rate promissory note improves equity ratio during Q1/2014

Acquisition of Five Star Clamps Inc.

M&A	Acquisition of Five Star in April 2014
Business Model	Distribution and production of high-quality clamps to customers in over 50 different industries.
History	In the market for more than 25 years. Based in Crest Hill, Illinois, USA
Sales	Approx. USD 5 million sales in financial year 2012
Consoli dation	First time consolidation into NORMA Group after closing in May 2014
Adjustments	No operational adjustments planned from acquisition

Margin	Margin of the company including synergies in the range of NORMA Group's margin

Outlook 2014 – Company Guidance

Sales	Solid organic growth of approx. 4% to 7%, plus approx. EUR 8 million from recent acquisitions
EBITA margin	Sustainable margin level as in previous years of more than 17%
Investments in R&D	Approx. 4% of EJT sales
Material ratio	Approx. on the level of the two previous years
Financial result	Approx. EUR -18 million including one-offs due to repayment of SFA in January 2014
Tax rate	Approx. 32%
CAPEX rate	Approx. 4.5% of sales
Dividend	Approx. 30% to 35% of Group adjusted net profit

Proven Business Model Addressing Key Megatrends

Strong Content Growth based on EURO 6

EURO 6 introduction for trucks and passenger vehicles in 2014 triggers new engine generations and ramp-up in 2013
Market for joining technology is expected to outgrow the respective end-markets, driven by megatrends including
Additional components in new engines
Higher value of joining technology content
-> Lead to increased number of units and higher prices per customer end product

EURO 1 EPA '00 EPA '04 EPA '15 EURO 1 EURO 2 EURO 3 EURO 5 EURO 2 EURO 3 JPN '98 JPN '02 JPN '05 Europe NAFTA Japan Brazil Russia India China 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2019 EPA '07 EURO 3 EURO 4 EURO 5 EURO 6 EPA '10 EURO 6 EURO 1 EURO 4 JPN '09 JPN '14 EURO 4 EURO 6 (big cities) J. '19 EURO 4+ EURO 5 EURO 2 EURO 2 EURO 3 EURO 4 EURO 5 (big cities) EURO 3 Today Tighter Emission Regulations Drive Increased Joining Technology Content EURO 4 EURO 1

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

Note: Chart shows emission regulation roadmap for passenger vehicles Source: Integer Research, DieselNet, ACEA, NORMA Group

Convincing Growth Prospects

Sales EUR million (year)

Clear global market leader in clamp/connect Excellent growth outlook across EJT market

163 65 64 60 25 23 21 17 0 100 200 300 400 500 600 700 NORMA Group (2013) Oetiker (2012) Ideal Tridon (2012) Müpro (2012) Caillau (2012) Voss Industries (2008) TJBC (2011) Straub (2011) Mikalor (2008) 636 Clamp (52%) / Connect (22%) ~26% Fluid ~74%

(2013-18 CAGR)	Additional growth for Joining technology market above market growth
Passenger vehicles	add. 2-4%
Commercial vehicles	add. 2-4%
Agricultural equipment	add. 2-4%
Construction equipment	add. 2-4%
Engines	add. 2-4%
White goods	Same level
Drainage systems	Same level

NORMA Group expects to grow even faster than its end-markets

DE CH US DE FR US CN CH ES

Information relying on different non audited sources

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		Basis for premium pricing: 
	content		Market leadership 
Cooling water	c. € 21-26		Technology 
	c. € 20-25		Quality 
Charged air			Innovation 
Fuel and oil system	c. € 49-60		Tailor-made solutions 
Exhaust system	c. € 62-101			High switching costs for customers
Standard clamps and connectors	c. € 36-44		 supplier	Savings potential for customer mismatches risk of switching
	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

Enhanced Stability through Broad Diversification Across Products, End-Markets and Regions

More than 30,000 products, manufactured in 22 locations and sold to more than 10,000 customers in 100 countries Top 5 customers account for only ~18% of 2013 sales

Good Balance in the Two Distinct Ways-to-Market

Unique business model with two distinct ways-to-market

Significant economies of scale in production
Close contact to international EJT customers
Knowledge transfer from EJT to DS

Engineered Joining Technology (EJT) ~70% of 2013 sales

Innovation and product solution partner for customers, focused on engineering expertise with high value-add

Distribution Services (DS) ~30% of 2013 sales

High quality, branded and standardised joining products provided at competitive prices to broad range of

customers

Customised, engineered solutions Patents in nearly 200 patent families B2B

High quality, standardised joining technology products B2C

History of Excellence

2014	Foundation NORMA China II	Acquisition Five Star, USA
2013	Acquisition Davydick & Co, Australia	Acquisition Variant, Poland	Acquisition Guyco, Foundation Australia NORMA Brazil	MDAX listing
2012	Acquisition Connectors Verbindungstechnik, Switzerland	Acquisition 2011 Metalblok, Italy	Nordic Acquisition Chien Acquisition Jin Plastic, Malaysia	Groen Bevestigingsmaterialen, Netherlands
	Acquisition J-V shares Spain	Acquisition J-V shares, India	Opening Sales & Foundation Competence Center, Brazil NORMA Thailand	Foundation NORMA Serbia
2011	IPO 1972	SDAX listing
2010	Acquisition Craig Assembly, USA	Acquisition R.G. Ray, USA	Foundation Foundation NORMA Korea NORMA Malaysia	Foundation NORMA Turkey	Foundation NORMA Russia
2008	Foundation NORMA Japan	Foundation NORMA India	Foundation NORMA Mexico
2007	Acquisition Breeze, USA	Foundation NORMA China
2006	Merger ABA and Rasmussen to NORMA Group

Successful Acquisition Track Record Continues

Sales consolidation effects in	Date of
EUR million	Acquisition	Country	2012	2013	2014**	2015**	Total
Connectors Verbindungstechnik AG	04/12	Switzerland	11.5	5.1	-	-	16.6
Nordic Metalblok S.r.l.	07/12	Italy	2.3	2.9	-	-	5.2
Chien Jin Plastic Sdn. Bhd.	11/12	Malaysia	0.5	7.2	-	-	7.7
Groen Bevestigingsmaterialen B.V.*	12/12	Netherlands	-	3.4	-	-	3.4
Davydick & Co. Pty. Limited	01/13	Australia	-	3.3	0.1	-	3.4
Variant SA *	06/13	Poland	-	1.2	~1	-	~2.2
Guyco Pty. Limited	07/13	Australia	-	3.6	~4	-	~7.6
Five Star Clamps Inc.	05/14	USA	-	-	~2.5	~1.5	~4.0
Total			14.3	26.7	~7.5	~1.5	~50.0
thereof actual Q1/2014					2.6
* External Sales ** Estimates

Acquisition of Connectors Verbindungstechnik AG

M&A	Acquisition of Connectors Verbindungstechnik AG, Switzerland, in April 2012

Business Model	Connectors specialises in connecting systems for the pharmaceutical and biotechnology industry.

History	For more than 25 years the company has been manufacturing and distributing connecting elements that meet the highest purity standards for medical sterile technology.

Sales	Approx. EUR 15 million sales in financial year 2012

Consoli dation	First time consolidation into NORMA Group starting Q2 2012

Adjustments	No operational adjustments planned from acquisition

	Excellent margin of Connectors in the range of NORMA Group's margin;
Margin	Earnings accretive in 2012 already

M&A	Acquisition of Nordic Metalblok S.r.l., Italy in July 2012

Business Model	Company specialises in manufacturing clamps for various applications particularly for the heating, ventilation and air conditioning industry and the agricultural and construction sectors.

History	For more than 40 years the company distributes its products to retailers and wholesalers as well as to manufacturing companies globally.

Sales	Approx. EUR 6 million sales in financial year 2012

Consoli dation	First time consolidation into NORMA Group starting Q3 2012

Adjustments	No operational adjustments planned from acquisition

Margin	Margin of the company including synergies in the range of NORMA Group's margin

Acquisition of Chien Jin Plastic Sdn. Bhd.

M&A	Acquisition of Chien Jin Plastic, Malaysia, in October 2012
	Closing expected toward year end 2012
Business	Specialised in joining elements for plastic and iron pipe systems for different application areas, esp.
Model	drinking and domestic water distribution. Also produces components for sanitary appliances under its brand name Fish. More than 200 customers in 30 countries.
History	In the market for 20 years, the company is based in Ipoh, Malaysia.


Sales	Approx. EUR 7 million sales in financial year 2012

Consoli	First time consolidation into NORMA Group after closing.
dation

Adjustments	No operational adjustments planned from acquisition

Margin	Margin of the company including synergies in the range of NORMA Group's margin

Increase in Ownership in Groen Bevestigingsmaterialen BV

M&A	60% increase in ownership to 90% in Groen Bevestigingsmaterialen B.V. in December 2012
Business Model	Wholesale supplier of hose and pipe clamps and coupling to the industrial, construction, agriculture, plumbing, hardware and automotive sector in Belgium, the Netherlands and Luxembourg. Moreover, extensive supply programme for traffic sign brackets and necessary mounting tools.
History	Partnership between Groen and NORMA Group started in 1993 with ABA hose clamps. The company is based in Purmerend, Netherlands.

Sales	Approx. EUR 5 million sales in financial year 2012 (thereof EUR 2 million additional external sales)

Consoli dation	First time consolidation into NORMA Group after closing on 31st December 2012

Adjustments	No operational adjustments planned from acquisition

Margin	Margin of the company including synergies in the range of NORMA Group's margin

M&A	Acquisition of Davydick & Co. in January 2013
Business Model	Distribution for various elements in the transportation of water in irrigation systems. Specialised in supplying a comprehensive range of rural irrigation fittings, valves, and pumps under the brand PUMPMASTER. More than 700 customers throughout Australia.
History	In the market for more than 20 years. Based in Goulburn, Australia
Sales	Approx. EUR 4 million sales in financial year 2012
Consoli dation	First time consolidation into NORMA Group after closing in early 2013
Adjustments	No operational adjustments planned from acquisition

Margin	Margin of the company including synergies in the range of NORMA Group's margin

M&A	Acquisition of Variant S.A. in May 2013
Business Model	Sells joining products and cable ties to over 1,000 retailers and wholesalers across Poland. End clients include home improvement stores, garages and specialist retailers for automotive supplies.
History	Distribution partner of NORMA Group for more than 20 years. Based in Krakow, Poland
Sales	Approx. EUR 5 million sales in financial year 2012 (thereof ~EUR 1 million external products)
Consoli dation	First time consolidation into NORMA Group after closing in June 2013
Adjustments	No operational adjustments planned from acquisition
Margin	Margin of the company including synergies within 12 months in the range of NORMA Group's margin

Acquisition of Guyco Pty. Limited

M&A	Acquisition of Guyco Pty. Limited in June 2013
Business Model	Specializes in the design, manufacture and distribution of fittings and valves for freshwater distribution, irrigation, agricultural, plumbing and industrial market sectors. It supplies over 700 customers in Australia and New Zealand.
History	Based in Adelaide, Australia

Sales	Approx. EUR 7 million sales in financial year 2012

Consoli dation	First time consolidation into NORMA Group after closing in July 2013

Adjustments	No operational adjustments planned from acquisition

Margin	Margin of the company including synergies until 2014 in the range of NORMA Group's margin

NORMA Group Worldwide

EMEA Czech Republic (P) France (P, D) Germany (P, D) Italy (P, D) Netherlands (D) Poland (P) Russia (P, D) Serbia (P, D) Spain (D) Sweden (P, D) Switzerland (D) Turkey (D) United Kingdom (P, D)

Americas

Brazil (P, D) Mexico (P) USA (P, D)

Asia-Pacific

Australia (D) China (P, D) India (P, D) Indonesia (D) Japan (D) Korea (D) Malaysia (P, D) Philippines (D) Singapore (D) Thailand (P) Vietnam (D) P = production D = distribution, sales, competence center

22 Production sites
23 Countries with Distribution, Sales & Competence Centres
Sales into 100 countries

Historic Growth Track Record

Historic revenue development in EUR million

1997 to 2013: 17 years of a successful growth story

Outlook 2014 - Strategy

1	Continue international expansion of sales network and production footprint
2	Continue to explore business opportunities in APAC
3	Open second China plant to enable expansion into domestic and APAC markets
4	Open plant in Brazil to serve local customers
5	Increase business opportunities in new industries
6	Continue dialogue with potential M&A targets

Sales by regional reporting segments

Weaker European environment is outperformed by higher content due to EURO 6 introduction which leads to +5.6% growth
Americas reported favourable organic growth of +2.4% which translated into slight negative EUR amounts due to weaker USD
Asia-Pacific recorded strongly increased direct sales (+28.1% mainly driven by acquisitions) which represents 9% of total sales in 2013 or ~ 13% including all NORMA Group exports into the region (sales by destination)

Sales by Way-to-Market and by Industries

Stable breakdown by way-to-market: Acquisitions included in Distribution Services
Majority of sales goes to non-automotive industrials, distributors as well as general tiers
Sales to industrial suppliers include various industries , e.g. airplanes, trains, buses, water, plumbing, irrigation, agricultural & construction equipment

No Operational Adjustments 2014

Only minor PPA adjustments in post IPO years on EBITA level

in EUR million	2010	2011	2012	2013	Q1/2014
Reported EBITA	64.9	84.7	105.2	112.1	32.4
+ Restructuring Costs	1.3	1.8	0	0	0
+ Non-recurring/non-period-related items*	15.5	14.8	0	0	0
+ Other group and normalized items	0.7	0.2	0	0	0
+ PPA depreciation	3.0	1.2	0.2	0.5	0.2
Adjusted EBITA	85.4	102.7	105.4	112.6	32.6


* mostly IPO related costs in 2010/2011

Profit & Loss (adjusted & reported)

in EUR million	2012			2013
	reported	adjusted	reported	adjusted
Sales	604.6	604.6	635.5	635.5
Gross Profit	344.4	344.4	371.4	371.4
EBITDA	120.8	120.8	129.3	129.3
EBITA	105.1	105.4	112.1	112.6
in %	17.4	17.4	17.6	17.7
EBIT	94.4	101.9	99.5	107.7
in %	15.6	16.8	15.7	16.9
Financial Result	-13.2	-13.2	-15.6	-15.6
Profit before Tax	81.2	88.7	83.9	92.1
Taxes	-24.6	-26.9	-28.3	-30.0
Net Profit	56.6	61.8	55.6	62.1

EPS – Dividend Proposal EUR 0.70 per share

Dividend proposal to the shareholders at the AGM on 21 May 2014: EUR 0.70 per share (2013: EUR 0.65)
Pay-out of EUR 22.3 million for 31,862,400 shares equals 36.0% of adjusted net income of EUR 62.1 million

Solid development of Balance Sheet

(all amounts in EUR million)	31 Dec 2012	31 Dec 2013
Assets
Non-current assets
Goodwill / Other intangible assets / Property, plant & equipment	436.8	441.5
Other and derivative financial assets / Income tax assets / Deferred income tax assets	8.3	9.1
Total non-current assets	445.1	450.6
Current assets
Inventories	74.3	79.8
Other non-financial assets / Income tax assets	20.7	9.0
Trade and other receivables	79.3	90.1
Cash and cash equivalents	72.4	194.2
Total current assets	246.7	373.1
Total assets	691.8	823.7

(all amounts in EUR million)	31 Dec 2012	31 Dec 2013
Equity and liabilities
Equity
Total equity	289.2	319.9
Non-current and current Liabilities
Retirement benefit obligations / Provisions	21.6	24.5
Borrowings and other financial liabilities	246.6	332.4
Other non-financial liabilities	21.2	23.8
Tax liabilities and derivative financial liabilities	75.5	64.1
Trade payables	37.7	59.0
Total liabilities	402.6	503.8
Total equity and liabilities	691.8	823.7

Working Capital - Historical Low Level of 17.4% of Sales

Successful implementation of reverse factoring and optimizing TWC processes boosts trade accounts payables
Trade receivables on a slightly higher level due to excellent sales in Q4 2013

Equity increased by EUR 31 million due to High Profit even including Dividend Payment

Repayment of the parts of the SFA in January 2014 increases equity ratio to ~ 44.2% on a pro forma basis

Successful Issuance of Promissory Note (Schuldschein) in July 2013

Targets achieved

Maturity: Mid-term oriented well balanced repayment schedule
More diversified mix of financing instruments
Balanced fixed and floating tranches

Schuldschein

Volume EUR 125 million
Interest terms improved by ~2%
Financial result improves starting 2014
Tenor 5, 7 and 10 years (40%/40%/20%)
3fold oversubscribed
BBB+ / A- internal Bank rating achieved

Lenders

Small European banks (e.g. German Sparkassen and Insurance institutions)

Equity Debt Ratios and Maturity Profile

Equity / Debt Ratios

	31.12.2012	31.12.2013	excluding derivatives*	31.12.2012	31.12.2013
Equity Ratio (Equity / Balance Sheet Total)	41.8%	38.8%	Leverage (Net debt* / adjusted LTM EBITDA)	1.4 x	1.1 x
Equity Ratio pro forma (net of repayment of SFA)	41.8%	~ 44.2%	Gearing (Net debt* / equity)	0.5 x	0.4 x

* excludes non cash / non P&L derivative financial liabilities of EUR 15.3 million (31.12.2012: EUR 24.8 million): including leverage = 1.2x; gearing = 0.5x

Solid Balance Sheet

Liquid assets and current liabilities temporarily inflated due to refinancing of SFA
Repayment of EUR 101.4 million in January 2014 already done

Another Record Operating Net Cash Flow in 2013

Operating net cash flow
in EUR million	2011	2012	2013	Variance
EBITDA	117.0	120.8	129.3	+7.0%
Δ ± Working capital	-19.5	-9.8	5.1	n.a.
Operating net cash flow before investments from operating business	97.5	111.0	134.4	21.0%
Δ ± Investments from operating business	-30.7	-30.0	-30.5	+1.6%
Operating net cash flow	66.8	81.0	103.9	28.2%

Operating net cash flow before investments significantly increased by EUR 23.3 million to a total of EUR 134.4 million in 2013 due to higher EBITDA and working capital in flow
2013 CAPEX spending on the same level as in 2012 leads in total to a record cash flow of EUR 103.9 million

Cash Flow Statement

Adjusted operating net cash flow strongly improved by 290 BP to 16.3% of sales (2012: 13.4%)

Continuation of Growth Track and Sustainable Margin into 2012

¹⁰³ ¹⁰⁵ ¹¹³ 14.1% 11.7% 17.4% 17.7% 17.4% 17.7% 0% 10% 20% 30% 2009 2010 2011 2012 2013 Adjusted EBITA (in EUR million) of sales

Pro-active FCF Management to be Continued

Trade working capital (in EUR million)

** at sales run rate of EUR 625 million

Shareholder Structure

Management ~2.5%

Event	Date
Annual General Meeting in Frankfurt / Main	21 May 2014
Publication Interim Results Q2 2014	06 August 2014
Publication Interim Results Q3 2014	05 November 2014
Contact Andreas Troesch Vice President Investor Relations Phone: +49 6181 6102-741 Fax: +49 6181 6102-7641
Email: [email protected]

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 SE 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 SE, 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.

Non audited data is based on management information systems and/or publicly available information. Both sources of data are for illustrative purposes only.