Mbb Se · XETR:MBB
Mbb — H1 2022 Earnings Presentation
19 slides from Mbb's earnings presentation, Aug 12, 2022
Slide 1: Half-Year Results 2022
Half-Year Results 2022 MBB SE 12 August 2022
Slide 2: MBB offers long-term succession solutions to sustainable Mittelstand companies
MBB offers long-term succession solutions to sustainable Mittelstand companies Family business Capital Markets Founded in 1995 and family owned Extraordinary growth and value enhancement for the long term potential on the capital market Long-term focus Sustainability Long-term investment horizon wit
Slide 3: Three impressive growth figures from the first half of 2022
Three impressive growth figures from the first half of 2022 +142 % +59 % +32 % 252 166 51 38 104 104 H1/21 H1/22 H1/21 H1/22 H1/21 H1/22 Order intake Order intake Revenue in €m in €m in €m 3
Slide 4: Growing pressure on the energy transition and increasing attention for IT security
Growing pressure on the energy transition and increasing attention for IT security Energy infrastructure for the energy transition IT security for the German Mittelstand Record order intake due to massive tailwind from Accelerated growth due to increased attention increasing pressure on the energy t
Slide 5: Growing investment in e-mobility and recovery from supply bottlenecks
Growing investment in e-mobility and recovery from supply bottlenecks Automation solutions for E-mobility System solutions from ecological raw materials Very strong order intake compared to the already Production interruptions at OEM customers in the high previous year, especially in e-mobility segm
Slide 6: Successful price increases give prospect of significant margin improvements
Successful price increases give prospect of significant margin improvements Tissue products Mattresses for e-commerce Specialty chemicals for tooling Capacity expansion through Growth through the acquisition of USA business grows strongly investment in paper machine new e-commerce customers with new
Slide 7: All three segments achieved double-digit year-on-year growth in the first half year
All three segments achieved double-digit year-on-year growth in the first half year Revenue and adj. EBITDA in €m Service & Technological Consumer Infrastructure Applications Goods +13 % 194 +16 % 171 137 119 +29 % 34 37 48 30 2 5 3 3 H1/21 H1/22 H1/21 H1/22 H1/21 H1/22 7
Slide 8: In the second quarter, margins in two segments were significantly higher than in the first quarter
In the second quarter, margins in two segments were significantly higher than in the first quarter Adj. EBITDA margin in % Service & Technological Consumer Infrastructure Applications Goods 16 % 15 % 9% 5% 2% 0% Q1/22 Q2/22 Q1/22 Q2/22 Q1/22 Q2/22 8
Slide 9: Overall, revenue increased by 16 % in the first half year, but the EBITDA margin declined to 10 %
Overall, revenue increased by 16 % in the first half year, but the EBITDA margin declined to 10 % Revenue Adj. EBITDA +16 % 12 % 10 % 378 + 49 % 327 -6 % 41 38 H1/21 H1/22 H1/21 H1/22 in €m in €m 9
Slide 10: Second quarter growth was higher and EBITDA above previous year
Second quarter growth was higher and EBITDA above previous year Revenue Adj. EBITDA 12 % 11 % + 49 % +17 % 206 176 +11 % 23 21 Q2/21 Q2/22 Q2/21 Q2/22 in €m in €m 10
Slide 11: For the full year 2022, we expect conservative growth at >10 % EBITDA margin
For the full year 2022, we expect conservative growth at >10 % EBITDA margin Revenue Adj. EBITDA +9 % 740 680 > 10 % 80 Margin 362 378 YTD YTD 51 % 10 % margin 2021 2022 2021 2022 Forecast Forecast in €m in €m 11
Slide 12: MBB's balance sheet remains very strong with an equity ratio of 69 % and a high cash position
MBB's balance sheet remains very strong with an equity ratio of 69 % and a high cash position Balance sheet as at June 30, 2022 in €m 1,103 1,103 Fixed assets** 292 756 Current assets** (69%) Equity 313 498 Cash* thereof €353m net cash 419 Mio. € 267 Other liabilities in MBB SE Net Cash 80 Financial
Slide 13: In 2022, another increased dividend of €1.98 per share was distributed
In 2022, another increased dividend of €1.98 per share was distributed Dividend payments per share in € cents 198 176 154 Mio. € 99 132 Dividends and buybacks 122 88 since 2006 66 61 50 25 88 99 17 Mio. € 66 69 70 55 57 59 61 50 33 44 Paid dividend and completed 25 25 25 IPO 10 share buybacks 2022 2
Slide 14: Volatile market environment improves MBB's positioning in the M&A market
Volatile market environment improves MBB's positioning in the M&A market Current framework conditions Positioning MBB Economic uncertainty Succession pressure in German small and medium-sized enterprises Commodity prices and supply chains structurally increasing in times Rising financing costs of de
Slide 15: A large part of the value of MBB is transparent
A large part of the value of MBB is transparent Sum-of-the-parts in €m* 353 365 Market capitalization Holding Fair Cash Value * Market capitalization of listed companies as per June 29, 2022; holding cash as per June 30, 2022 15
Slide 16: Questions & Answers
Questions & Answers Constantin Mang CEO 16
Slide 17: Contact
Contact MBB SE Joachimsthaler Straße 34 D-10719 Berlin Tel: +49 30 84415 330 Fax: +49 30 84415 333 Mail: [email protected] Web: www.mbb.com 17
Slide 18: Disclaimer
DISCLAIMER By accessing this document you agree to abide by the limitations set out hereafter. The information contained in this document relating to MBB SE ("MBB" or the "Company") may not be redistributed. reproduced. published. or passed on to any other person and must not be relied upon for any
Slide 19: MBB.COM
MBB.COM