Stabilus SE — Investor Presentation 2014

Aug 18, 2014

Third quarter results FY2014

Disclaimer

Stabilus S.A. (the "Company", later "Stabilus") has prepared this presentation solely for your information. It should not be treated as giving investment advice. Neither the Company, nor any of its directors, officers, employees, direct or indirect shareholders and advisors nor any other person shall have any liability whatsoever for any direct or indirect losses arising from any use of this presentation.

While the Company has taken all reasonable care to ensure that the facts stated in this presentation are accurate and that the opinions contained in it are fair and reasonable, this presentation is selective in nature. Any opinions expressed in this presentation are subject to change without notice and neither the Company nor any other person is under any obligation to update or keep current the information contained in this presentation. Where this presentation quotes any information or statistics from any external source, you should not interpret that the Company has adopted or endorsed such information or statistics as being accurate. This presentation contains forward-looking statements, which involve risks, uncertainties and assumptions that could cause actual results, performance or events to differ materially from those described in, or expressed or implied by, such statements. These statements reflect the Company's current knowledge and its expectations and projections about future events and may be identified by the context of such statements or words such as "anticipate," "believe", "estimate", "expect", "intend", "plan", "project" and "target". No obligation is assumed to update any such statement.

Agenda

1. Financial highlights
2. Industrial business
3. Automotive business
4. Appendix

Third quarter results FY2014

1. Financial highlights 1.

1. 1. 4.

Highlights Q3 FY2014

Fiscal year-end September

Sales	• Sales up by 7.9% to €130.2mm (+€9.5mm vs. Q3 FY13) • Growth in all operating segments / regions with NAFTA (+9.1%), Europe (+7.7%) and Asia / RoW (+4.6%) • Powerise sales up by 47.7%
Adj. EBITDA	• Adj. EBITDA up by 8.4% to €24.5mm (+€1.9mm vs. Q3 FY13) • Adj. EBITDA margin at 18.8% • Strong growth in NAFTA and Europe
Adj. EBIT	• Adj. EBIT up by 13.3% to €17.9mm (+€2.1mm vs. Q3 FY13) • Adj. EBIT margin at 13.7%
Net debt	• Net financial debt at €234mm • €58.9mm of senior secured notes redeemed from IPO proceeds
Guidance	• Forecasts for FY2014 key financial metrics: • Sales of ~€505mm • Adj. EBIT €65-67mm

Stabilus strong operating performance in Q3 FY2014 (y-o-y)

Note: Stabilus fiscal year-end is September

¹ Adj. EBIT/ EBITDA represents EBIT/ EBITDA, as adjusted by management primarily in relation to advisory fees, IPO related costs, restructuring / ramp-up costs and pension interest

²Simplified definition of FCF differs to more detailed presentation in quarterly report

Review of revenue performance by quarter

Review of adj. EBITDA development by quarter

Note: Stabilus fiscal year-end is September

¹ Adj. EBITDA represents EBITDA, as adjusted by management primarily in relation to advisory fees, IPO related costs, restructuring / ramp-up costs and pension interest

Review of adj. EBIT development by quarter

Note: Stabilus fiscal year-end is September

¹ Adj. EBIT represents EBIT, as adjusted by management primarily in relation to advisory fees, IPO related costs, restructuring / ramp-up costs and pension interest

Quarterly revenue and adj. EBITDA growth – by region (y-o-y)

Note: Stabilus fiscal year-end is September; Detailed segmental data reflected in the Q3 report has been rounded for presentational reasons; Growth rates based on actual numbers

¹ Billed-from view

² Adj. EBITDA represents EBITDA, as adjusted by management primarily in relation to advisory fees, IPO related costs, restructuring / ramp-up costs and pension interest

YTD revenue and adj. EBITDA growth – by region (9M ended June 30, 2014)

Note: Stabilus fiscal year-end is September; Detailed segmental data reflected in the Q3 report has been rounded for presentational reasons; Growth rates based on actual numbers

¹ Billed-from view

² Adj. EBITDA represents EBITDA, as adjusted by management primarily in relation to advisory fees, IPO related costs, restructuring / ramp-up costs and pension interest

3.

1.

4.

Third quarter results FY2014

2. Business by market segment

Revenue growth – by business (y-o-y)

actual numbers; ¹Industrial including Swivel Chair revenue

Revenue growth – Automotive business (y-o-y)

Source: IHS Automotive as of July 2014

Note: Stabilus fiscal year-end is September; Detailed segmental data reflected in the Q3 report has been rounded for presentational reasons; Growth rates based on actual numbers

Revenue growth – Industrial business (y-o-y)

Note: Stabilus fiscal year-end is September; Detailed segmental data reflected in the Q3 report has been rounded for presentational reasons; Growth rates based on actual numbers

2.

1.

4.

Third quarter results FY2014

1. Outlook

Outlook FY2014: Financial performance

		FY2014 Guidance
Sales	€460mm	~€505mm
% Growth	3.7%	~10%
Adj. EBIT	€59mm	€65-67mm
% Margin	12.8%	~13%

Comments

• On track to deliver another record year, achieving ambitious revenue and EBIT targets
• Strong European results support solid sector outlook
• Powerise is a clear growth driver going forward

Q&A

Financial calendar

•December 15, 2014	• Publication of full year results for fiscal year 2014 (Annual Report 2014)
•February 18, 2015	• Annual General Meeting for fiscal year 2014

Investor Relations Andreas Schröder Phone: +352 286 770 21 E-Mail: investors@stabilus.com

For further information please visit: www.stabilus.de/investor-relations

Third quarter results FY2014

Balance sheet overview

Balance sheet (€mm)
	September 2013 Actual	June 2014 Actual
Property, plant and equipment	116	115
Goodwill	52	52
Other intangible assets	176	171
Inventories	46	49
Trade receivables	68	51
Other assets3	110	41
Cash	22	22
Total assets	589	500
Equity incl. minorities	80	71
Debt (incl. accrued interest)	320	256
EUSIs1	3	0
Pension plans and similar obligations	39	42
Deferred tax liabilities	58	48
Trade accounts payable	45	45
Other liabilities	44	39
Total equity and liabilities	589	500
Net financial debt2	298	234
Net financial debt / adj. EBITDA LTM	3.4x	2.4x

¹EUSIs were extinguished during the reorganization prior to the IPO and are no longer recognized on the company's balance sheet

² Excluding EUSIs of €3.3mm as of September 2013

3 Includes a €80mm face value upstream shareholder loan, extinguised as part of the IPO reorganization

Stabilus has successfully increased its cash flow generation (9M ended June 30, 2014)

Cash Flow Statement (€mm)
9 Months ended	June 2013	Actual	June 2014 Actual
Cash flows from operating activities		36	58
Cash flows from investing activities		(105)	(26)
Cash flows from financing activities		41	(32)
Net increase / (decrease) in cash		(28)	0
Effect of movements in exchange rates		(0)	(0)
Cash as of beginning of the perod		42	22
Cash as of end of period		13	22