Mutares SE & Co. KGaA · XETR:MUX
Mutares SE & Co. KGaA — Investor Day (October 2019)
12 slides from Mutares SE & Co. KGaA's investor day presentation, Oct 22, 2019
Slide 1: Capital Markets Day 2019 – Lifecycle Management
Capital Markets Day 2019 – Lifecycle Management Realizing untapped value potential Frankfurt/Main, 22nd October 2019
Slide 2: Outlook on full year results
2 Capital Markets Day 2019 - Lifecycle Management Outlook on full year results Compared to FY2018, acquisitions will affect EBITDA and Adjusted EBITDA in Q3 mEUR 2019H1 FY2019e FY2018 Group revenues 443.2 865.1 Group EBITDA 67.1 49.6 Group Adjusted EBITDA 0.0 4.5 Group cash & equivalents 80.9 108.1
Slide 3: More transparency of Mutares consolidated figures: revenues
2 Capital Markets Day 2019 - Lifecycle Management More transparency of Mutares consolidated figures Existing portfolio vs new acquisitions: Impact of transaction activity on revenues Growth objective of Mutares translates into increasing group revenues and average revenue per portfolio company Group
Slide 4: More transparency of Mutares consolidated figures: Adj. EBITDA
2 Capital Markets Day 2019 - Lifecycle Management More transparency of Mutares consolidated figures Existing portfolio vs new acquisitions: Impact of transaction activity on Adj. EBITDA Objective of Mutares’ portfolio management is to have always sufficient profitable companies to sustain dividend c
Slide 5: Results of organizational initiative become effective
2 Capital Markets Day 2019 - Lifecycle Management Results of organizational initiative become effective Preparation aimed at mastering digitalization, including trends & further growth of group M&A Consulting Assessment process optimized and For holistic approach, ensure key Growth objective require
Slide 6: Value driver M&A – Using network of offices
2 Capital Markets Day 2019 - Lifecycle Management Value driver M&A – Using network of 5 offices Deal sourcing, execution and support of portfolio companies Sales EBITDA Acquisition Realignment Repositioning Buy-&-build Value creation Deal sourcing Negotiation Follow-up International teams in ¬ Negot
Slide 7: Value driver Consulting – Active support
2 Capital Markets Day 2019 - Lifecycle Management Value driver Consulting – Active support Hands-on approach and local support of portfolio companies for fast improvements Sales EBITDA Acquisition Realignment Repositioning Buy-&-build Value creation Due diligence phase Post-acquisition Post-stabiliz
Slide 8: Value driver Portfolio Management
2 Capital Markets Day 2019 - Lifecycle Management Value driver Portfolio Management Integrated approach of Holding, M&A and Consulting as key success factor Sales EBITDA Acquisition Realignment Repositioning Buy-&-build Value creation Due diligence Review / 100 days plan Business development Consult
Slide 9: Active portfolio management throughout lifecycle stages
2 Capital Markets Day 2019 - Lifecycle Management Active portfolio management throughout lifecycle stages For every company, regular re-assessment of potential for strategic development Harvesting Optimization Realignment 2009 2013 2016 2017 2018 2019 Year of entry in portfolio 9
Slide 10: Dividend capacity
2 Capital Markets Day 2019 - Lifecycle Management Dividend capacity Shareholder value and dividend capacity as #1 objective Recent major exits A+F STS Group AG ? Sale Partial IPO EUR 24m proceeds EUR 28m proceeds 2017 2018 2019/2020 ¬ Active portfolio management to sustain and plan for attractive di
Slide 11: Investment case
2 Capital Markets Day 2019 - Lifecycle Management Investment case Why Mutares shares are a good investment ▪ Management committed to let shareholders participate in success Reliable dividend ▪ Business model generates steady stream of income to holding payments ▪ Active portfolio management to gener
Slide 12: Disclaimer
Disclaimer This document has been prepared by Mutares SE & Co. KGaA solely for the use in this presentation. The information contained in this document has not been independently verified. No representation or warranty - whether expressed or implied – is made as to, and no reliance should be placed