Mbb Se · XETR:MBB
Mbb — MBB Industries — Non-Deal Roadshow (May 2008)
24 slides from Mbb's roadshow presentation, May 6, 2008
Slide 1: Figures for 2007, Forecast for 2008
Figures for 2007 Forecast for 2008 MBB Industries AG | Berlin Roadshow | London | May 6, 2008 page 1
Slide 2: Agenda
AGENDA ■ Overview ■ Business Development ■ Financials ■ Share Price Development ■ Outlook page 2
Slide 3: Record results for MBB in 2007
Record results for MBB in 2007 OVERVIEW ■ Turnover in 2007 grows by 81% to €113.6m; ■ Net profit for 2007 rises by 220% to €13.6m, or €2.07 per share; ■ Equity capital rises to €51m, with an equity ratio of 38%; ■ Net financial debt falls from €8.9m (Dec. 31, 2006) to €1.2m (Dec. 31, 2007); ■ Board
Slide 4: Agenda
AGENDA ■ Overview ■ Business Development ■ Financials ■ Share Price Development ■ Outlook page 4
Slide 5: Over twelve years of success in the market, including two in the capital market
Over twelve years of success in the market, including two in the capital market MILESTONES ■ 2008e €180m turnover with 1,800 employees Move to PRIME Standard ■ 2007 Sale of Huchtemeier Recycling Acquisition of Reimelt-Henschel-Group Flotation of Delignit AG ■ 2006 Flotation of MBB Industries AG Acqu
Slide 6: MBB lives its business model to the full
MBB lives its business model to the full BUSINESS MODEL AND PERFORMANCE Management Acquisitions Exits of holdings ■ Attractive company Sustained value Realisation of value Goals purchases growth ■ Acquisition of Considerable Sale of Doreg Status Quo Huchtemeier increase in turnover and Acquisition o
Slide 7: We are actively searching for medium-sized industrial companies
We are actively searching for medium-sized industrial companies MARKETSEGMENT MBB Turnover per company MBB selection criteria X > € 500m Large private equity funds • Value growth: Goal Ø IRR> 30% • Profit potential: €100 - 500m Medium private equity funds EBITDA>10% and holdings • Niche market playe
Slide 8: The field is improving; MBB plans more acquisitions for 2008
The field is improving; MBB plans more acquisitions for 2008 MBB ACQUISITIONS FIELD Companies under examination Acquisitions Field (extract) Purchase price • Hardware manufacturers Number of - companies €20m turnover available for sale • Consumer and designer goods + €90m turnover • Timber product m
Slide 9: Reimelt Henschel holds high potential for MBB
Reimelt Henschel holds high potential for MBB REIMELT HENSCHEL FACTS & FIGURES Facts Figures ■ World market leading company in plant construction for ■ Turnover over €80m the foodstuffs industry (75%) and chemicals (25%) ■ Strong growth in the foodstuffs industry in the ■ 562 employees emerging mark
Slide 10: Three areas of concentration for new holdings
Three areas of concentration for new holdings EXAMPLE AREAS OF CONCENTRATION Company structure & top Personnel and overheads Process improvements management measures Prio Prio Prio • Deal structure A • Sites A • Stop wastage & spending A • Business areas A • Wages A • Merging of operative A companie
Slide 11: 2008: further organic growth in our companies
2008: further organic growth in our companies MBB GROUP COMPANIES Delignit Huchtemeier Reimelt OBO Hanke Henschel Market Plywood products Paper trading and Plant Manufacturer of (D, RO) Tissue production construction polyurethane (D, PL) (D) boards(D) Customers Automotive, Wholesale and Food industr
Slide 12: MBB marginal utility defines the willingness to sell companies
MBB marginal utility defines the willingness to sell companies PORTFOLIO STATUS Marginal utility of MBB holding management ld Huchtemeier PO Delignit I S o Recycling OBO Huchtemeier Hanke Reimelt Henschel Duration of holding Exit willingness Very low Ready to Active sales readiness negotiate offers
Slide 13: Agenda
AGENDA ■ Overview ■ Business Development ■ Financials ■ Share Price Development ■ Outlook page 13
Slide 14: MBB with record figures for 2007
MBB with record figures for 2007 MBB GROUP COMPARISON BETWEEN 2005 AND 2007 IN THOUSANDS OF EUROS 2005 2006 2007 (HGB) (IFRS) (IFRS) Turnover 36,858 62,915 113,648 Growth 24.3% 70.7% 80.6% EBITDA 6,074 10,623 21,262 EBITDA margin 16.5% 16.9% 18.7% EBIT 3,835 7,089 14,368 EBIT margin 10.4% * 11.3% 12
Slide 15: MBB business model makes complete contribution to EBITDA
MBB business model makes complete contribution to EBITDA RESULTS ANALYSIS FOR 2007 EBITDA contribution EBITDA contribution Initial consolidation Initial consolidation Reimelt Henschel Acquisitions Reimelt Henschel €6.7m €6.7m Operative EBITDA EBITDA Operative EBITDA EBITDA holding companies holding
Slide 16: Drop in debt and rise in equity capital despite growth
Drop in debt and rise in equity capital despite growth COMPARISONS BETWEEN 2005, 2006 AND 2007 IN THOUSANDS OF EUROS 2005 2006 2007 Balance sheet total 41,563 79,428 131,918 Equity capital 15,484 35,520 50,501 Equity ratio 37% 45% 38% Net financial debt 13,783 8,864 1.237 page 16
Slide 17: Cash rises significantly in 2007
Cash rises significantly in 2007 LIQUIDITY DEVELOPMENT IN MBB GROUP IN MILLIONS OF EUROS Development of cash and cash equivalents 2006 to 2007 + 156% 14.0 26.9 12.9 10.5 2006 2007 Portfolio AG page 17
Slide 18: Agenda
AGENDA ■ Overview ■ Business Development ■ Financials ■ Share Price Development ■ Outlook page 18
Slide 19: Share price rises after publication of operating figures
Share price rises after publication of operating figures SHARE PRICE DEVELOPMENT AND MEASURES ■ Excellent uninterrupted business development ■ Rise in proposed dividend from 10 to 25 cents ■ Preparation for move to Prime Standard segment ■ Management members made additional acquisitions in 2007 and
Slide 20: Agenda
AGENDA ■ Overview ■ Business Development ■ Financials ■ Share Price Development ■ Outlook page 20
Slide 21: MBB continues to grow profitably
MBB continues to grow profitably OUTLOOK >300 >180 114 63 37 >3.00 2.07 1.65 0.27 0.65 2005 2006 2007 2008e 2010e Actual Actual Actual Forecast MBB Goal Turnover in €m EPS in € for 6.6m shares page 21
Slide 22: Financial Calendar
FINANCIAL CALENDAR ■ Annual Report 2007: April 30, 2008 ■ Interim Report for the first quarter: May 30, 2008 ■ Annual Meeting 2008: June 30, 2008 ■ Half-Year Report 2008: September 1, 2008 ■ Interim Report for the third quarter: November 28, 2008 ■ End of business year 2008: December 31, 2008 page 2
Slide 23: Contact
CONTACT ■ IR/PR ■ MBB Dr. Sönke Knop Anne-Katrin Altmann edicto GmbH MBB Industries AG Zeißelstraße 19 Joachimstaler Straße 34 D-60318 Frankfurt D-10719 Berlin Tel: +49-69-90 550 551 Tel: +49-30-844 15 330 Fax: +49-69-90 550 577 Fax: +49-30-844 15 333 Mail: [email protected] Mail: anfrage@mbbindustrie
Slide 24: Disclaimer
DISCLAIMER ■ The information contained in this presentation does not constitute an offer to sell or a solicitation to render an offer to buy or subscribe to shares in MBB Industries AG. The statements contained herein are purely for the purpose of information. German Law The following information is