technotrans SE — Investor Presentation 2014

Nov 7, 2014

Presentation

for Q3 2014 2014-11-07

technotrans group of companies

leading system supplier with the core competence of liquid technology customer-specific solutions for temperature control and filtration as well as pumping and spraying technology for/with fluids

extensive range of individual services world-wide

Technology

• 63% of turnover in 2013
• 529 employees

Services

• 37% of turnover in 2013

• 248 employees

• temperature control

• fluid conditioning ink & fluid technology

• spare parts

• services (maintenance, repairs, installations, technical documentation)

BU temperature control

BU fluid conditioning

BU ink & fluid conditioning

Ink supply Spraying technology

Spare parts

Maintenance and repairs

Installations

Installations Installations

Technical documentation (gds)

Segment technology

Products and markets

Product portfolio

• Dampening solution systems
• Ink supply
• Industrial cooling solutions
• Preparation of cooling lubricants
• Spray lubrication systems
• X-ray and scanner temperature control
• Battery/converter cooling

Market overview

• Printing industry
• Laser industry
• Stamping and forming technology
• Tooling industry
• Battery and converter
• Medical and scanner technology

Positioning

• World market leader in printing and laser cooling
• Extension of market share in stamping and forming technology as well as tooling industry
• Additional growth potential in battery, converter, medical and scanner technology
• Exploiting synergies by using overall platform strategies and standardisation of components

Products and markets

Product portfolio

• Spare parts
• Hotline
• Modernisation
• Maintenance
• Installations
• Engineering
• Technical documentation

Market overview

• Printing industry
• Laser industry
• Stamping and forming technology
• Tooling industry
• Battery and converter
• Medical and scanner technology

Positioning

• Continuous expansion of the installed base world-wide
• World market leader for services in the printing industry
• Extension of service activities in the stamping and forming technology as well as the tooling industry
• Additional demand for services and installation within the battery, converter, medical and scanner technology
• Long-term stable business development through own technotrans components

The network

Strategy

product diversification

generating volume:

optimising and summarising > platform strategy

• offset - digital - flexo

Long-term growth strategy

• high investments
• mainly new technology:
• medical care
• safety technology
• storage technology

• semiconductor

• product diversification

• optimising and summarising > platform strategy
• generating volume:
• laser
• turning/milling/grinding/polishing

• cutters/presses

• technical documentation (gds AG)

• new growth markets

of service business

• print

engineering)

Expansion / development

• laser (machinery & plant

Strategy

long-term growth strategy

Group finances - turnover development since 2006

million €

technotrans grows continuously after the crisis with a broader mix of branches

Group finances – EBIT/EBIT-margin development since 2006

stable operational results support the strategic repositioning

EPS – Earnings per Share Equity/Equity ratio

Free Cash Flow

Net debt

Turnover and EBIT by quarters

technotrans grows according to plan

Q3 2014
turnover	+10.2%
EBIT	+129%

print stabilizes strong growth in new markets

Q3 2014

EBIT-margin reaches 6.3%

-0,5 -0,4 -0,9 -0,1 -0,1 -0,1 0,2 1,6 1,6 1,6 1,7 1,5 1,7 1,5 4.1% 4.5% 3.0% 5.8% 5.2% 5.8% 6.3% Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/13

* EBIT-margin in total

Services Technology

Turnover and EBIT by segments

technology (65%)

growth of turnover +11,1% YTD through a successful expansion of activities in the new markets, business from print stabilized

segment result in Q3 slightly positive +0,2 million € YTD breakeven achieved

services (35%) decline of turnover -3.2 % YTD

segment result stable at 4,7 million € (EBIT-margin = 16.6%)

Key figues at a glance

Earning figures (in T€)	Q1-Q3 2013	Q1-Q3 2014	Δ in %
Turnover	77,769	82,179	+5.7
EBITDA	5,465	6,883	+25.9
EBIT	3,026	4,727	+56.2
EBIT-margin in %	3.9%	5.8%
Net profit for the period*	1,756	3,027	+72.4
Net profit per share	0.27	0.47	+74.1

Balance sheet figures (in T€)	Q3 2013	Q3 2014	Δ in %
Balance sheet capital	76,520	77,531	+1.3
Equity	43,098	45,714	+6.1
Equity ratio in %	56.3%	59.0%
Net debt	-1,545	-3,234
Working Capital	27,400	28,687	+4.7

* Profit attributable to technotrans AG shareholders

Cashflow key figures (in T€)	Q1-Q3 2013	Q1-Q3 2014	Δ in %
Operational cashflow	2,220	6,033
CF from investing activities	-5,629	-2,317
CF from financing activities	2,683	-2,761
Free Cash Flow	-3,409	3,716
Cash and cash equivalents page  25	17,967	17,643	-1.8

Other key figures	Q1-Q3	Q1-Q3	Δ
(in €)	2013	2014	in %
Employees	768	769	-0.1

Profit situation on plan, stable equity ratio, free cashflow significantly improved

Stabile financial framework

14,2 10,5 17,6 13,3 3,9 0 5 10 15 20 25 30 financial framework drawdown cash credit line loan long-term portion short-term portion

• comfortable room in order to finance the ongoing business operations as well as potential acquisitions
• at the moment no drawdown of the assured and granted creditlines (no Covenants)
• balanced terms of the loans received (secured)
• net liquidity 3,2 million €
• weighted average borrowing rate 2.9 percent p.a.

million €

technotrans group: outlook 2014

technotrans share

Overview

Key data technotrans share
ISIN/Code	DE000A0XYA7/AOXGA
establishment/IPO	1970/1998
financial year	01.01. – 31.12.
share capital	6.907.665,00
number of shares	6.907.665,00
number of shares (free float)	6.493.474
stock markets	XETRA, Frankfurt
designated Sponsors	Bankhaus Lampe
index	Prime Standard

market capitalisation: as of November 7th, 2014 EUR 61 million

Share performance and analyst estimates

dividend policy: distribution of approx. 50 percent of the consolidated net earnings for the year 2014

Banks as well as investment companies confirm a good potential for the share's development

Research
2014-08-26	Bankhaus Lampe buy	Gordon Schönell price target 11,00
2014-04-29	HSBC overweight	Richard Schramm price target 10,00
2014-08-22	Montega buy	Thomas Rau price target 14,00
2014-08-25	Warburg Research buy	Eggert Kuls price target 10,80

calendar
2014-11-07	Interim Report (1-9/2014)
2015-03-10	Annual Report 2014
2015-05-08	Interim Report (1-3/2015)
2015-05-13	Annual General Meeting 2015

Disclaimer

Any forward-looking statements contained in this presentation represent our best judgement as to what will occur in the future. The Company`s actual results could differ materially from those presented and will depend on a number of competitive and economic factors, some of which will be outside the control of the company.