technotrans SE

Investor Presentation • Aug 22, 2014

Presentation

for Q2 2014 2014-08-22

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

© 2014 technotrans AG – Germany

BU fluid conditioning

BU ink & fluid conditioning

Spare parts

Maintenance and repairs

Installations

© 2014 technotrans AG – Germany

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 broad ermix of banches

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

turnover development 2013/2014 quarters (in million €) 2013 2014

EBIT-development 2013/2014 quarters (in million €) 2013

technotrans grows according to plan

Q2 2014 turnover +3,9%, EBIT +32,9%

turnover share outside the printing industry > 35%

Q2 2014

EBIT-margin reaches 5,8% (previous year: 4,5%)

Turnover and EBIT by segments

Services Technology

turnover development 2013/2014 by quarters (in million €)

technology (64,8%)

growth of turnover +5,3% through a successful expansion of activities in the new markets, business from print continues to decline

segment result almost nearly balanced out -0,2 million € (EBIT-margin -0,7%)

services (35,2%)

turnover of 19,1 million € remains at previous year's level

Segment result stable at 3,2 million € (EBIT-margin = 16,8%)

Key figues at a glance

Earning figures (in T€)	Q1-Q2 2013	Q1-Q2 2014	Δ in %
Turnover	52,450	54,286	+3,5
EBITDA	3,943	4,397	+11,5
EBIT	2,258	2,968	+31,4
EBIT-margin in %	4,3%	5,5%
Net profit for the period*	1,413	1,844	+30,5
Net profit per share	0,22	0,28	+29,9

* Profit attributable to technotrans AG shareholders

Cashflow key figures (in T€)	Q1-Q2 2013	Q1-Q2 2014	Δ in %
Operational cashflow	0,089	3,126
CF from investing activities	-5,110	-1,943
CF from financing activities	2,666	-2,013
Free Cash Flow	-5,021	1,183
Cash and cash equivalents page  25	16,339	15,853	-8,5

Balance sheet figures (in T€)	Q2 2013	Q2 2014	Δ in %
Balance sheet capital	76,521	75,550	-1,3
Equity	42,671	44,360	+4,0
Equity ratio in %	55,8%	58,7%
Net debt	-0,064	-0,8
Working Capital	27.706	27.717	+/-0

Other key figures	Q1-Q2	Q1-Q2	Δ
(in €)	2013	2014	in %
Employees	772	770	-0,3

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

Stabile financial framework

• 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 0,8 million €
• weighted average borrowing rate 2,9 percent p.a.

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 June 30th, 2014 EUR 61 million

technotrans share

Share performance and analyst estimates

• 2013 dividend: 0,20 € previous year: 0,12 €
• 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
18.03.2014	Bankhaus Lampe buy	Gordon Schönell price target 11,00
29.04.2014	HSBC overweight	Richard Schramm price target 10,00
11.03.2014	Montega buy	Thomas Rau price target 13,00
14.08.2014	Warburg Research buy	Eggert Kuls price target 10,50

calendar
2014-08-22	Interim Report (1-6/2014)
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.