Takkt Ag · XETR:TTK

Takkt — Shareholder Meeting (May 2002)

25 slides from Takkt's shareholder meeting presentation, May 7, 2002

  1. Slide 1: 3rd Annual General Meeting of TAKKT AG, 7 May 2002, Ludwigsburg

    3rd Annual General Meeting of TAKKT AG on 7 May 2002 in Ludwigsburg

  2. Slide 2: TAKKT 2001: assertion in a difficult environment

    TAKKT 2001: assertion in a difficult environment ! increase in turnover by 8.0% to EUR 824,1m ! at 10.2%, EBITDA margin remained in target corridor of 10 to 12 percent ! 250,000 new customers ! new foundations assure future growth ! equity ratio strengthened 05/07/2002

  3. Slide 3: TAKKT 2001: changes in forecasting the GDP 2001

    TAKKT 2001: changes in forecasting the GDP 2001 GROWTH GROSS DOMESTIC PRODUCT " 2000 - 2001e in percent 4.0 3.0 Forecast 2001 of: 2.0 March 2001 June 2001 1.0 September 2001 December 2001 actual 2000 Germany Euro countries USA 05/07/2002

  4. Slide 4: TAKKT 2001: impact of recession

    TAKKT 2001: impact of recession diff. GDP in % ! average order value fluctuates with the economic trend AOV t diff. GDP in % ! order frequency fluctuates with the economic trend OF t 05/07/2002

  5. Slide 5: TAKKT 2001: impact of recession

    TAKKT 2001: impact of recession diff. GDP in % ! gross profit margin remains stable gross profit t diff. GDP new in % customers ! independent of economic trends new customers / market shares are acquired t 05/07/2002

  6. Slide 6: TAKKT 2001: growth in group turnover due to Hubert

    TAKKT 2001: growth in group turnover due to Hubert TURNOVER TAKKT GROUP " 1997 – 2001 in million Euro 824.1 800 762.8 700 627.6 600 539.2 500 469.5 400 300 200 100 1997 1998 1999 2000 2001 CAGR: +15% +19.1% +14.8% +16.4% +21.5% +8.0% growth 05/07/2002

  7. Slide 7: TAKKT 2001: almost equal shares from Europe and North America

    TAKKT 2001: almost equal shares from Europe and North America TURNOVER by region " 2001 North America 44.0 % Germany 25.3 % Rest of Europe 30.7 % 05/07/2002

  8. Slide 8: TAKKT 2001: KAISER + KRAFT EUROPA remains strongest division

    TAKKT 2001: KAISER + KRAFT EUROPA remains strongest division TURNOVER by divisions " 2001 KAISER + KRAFT EUROPA 46.5% Topdeq 10.1% K + K America 43.4% 05/07/2002

  9. Slide 9: TAKKT 2001: balanced product portfolio

    TAKKT 2001: balanced product portfolio TURNOVER by product groups " 1998 and 2001 in comparison plant equipment office equipment safety design-oriented business furniture foodservice equipment 1998 2001 05/07/2002

  10. Slide 10: EBITDA: sound margin despite foundations and economic environment

    EBITDA: sound margin despite foundations and economic environment EBITDA " 1997 – 2001 in million Euro 87.6 84.0 80 70.5 65.1 60 52.0 40 20 1997 1998 1999 2000 2001 CAGR: +13% 11.1% 12.1% 11.2% 11.5% 10.2% margin 05/07/2002

  11. Slide 11: EBIT: acquisition of Hubert impairs comparability

    EBIT: acquisition of Hubert impairs comparability EBIT " 1997 – 2001 in million Euro 66.1 60 58.8 56.5 53.8 50 46.2 40 30 20 10 1997 1998 1999 2000 2001 9.8% 10.9% 9.0% 8.7% 6.5% margin 05/07/2002

  12. Slide 12: Profit before tax: affected by depreciation, interest and recession

    Profit before tax: affected by depreciation, interest and recession PROFIT BEFORE TAX " 1997 – 2001 in million Euro 60 57.8 53.8 50.5 45.5 40 33.4 20 1997 1998 1999 2000 2001 9.7% 10.7% 8.0% 7.1% 4.1% margin 05/07/2002

  13. Slide 13: Profit after tax: not comparable to previous years

    Profit after tax: not comparable to previous years PROFIT AFTER TAX " 1997 – 2001 in million Euro 33.6 31.9 30 29.5 25.1 20 18.9 10 1997 1998 1999 2000 2001 5.3% 5.5% 5.1% 4.4% 2.3% margin 05/07/2002

  14. Slide 14: TAKKT share: reflected recession

    TAKKT share: reflected recession SHARE PRICE DEVELOPMENT " in Euro ! market capitalisation total (05/03/2002): EUR 492.1m 12.0 ! free float market 10.7 capitalisation 9.4 (05/03/2002): EUR 105.4m 8.0 ! 72.9 million shares 6.7 5.4 # TAKKT share 4.1 # SDAX (indexed) 1999 2000 2001 05/07/2002

  15. Slide 15: KAISER + KRAFT EUROPA: major part with high profitability

    KAISER + KRAFT EUROPA: major part with high profitability TURNOVER EBITDA " 1997 – 2001 " 1997 – 2001 in million Euro in million Euro 60 55.6 383.3 52.3 400 366.4 50 313.0 326.5 43.6 40.3 300 260.8 40 29.9 30 200 20 100 10 1997 1998 1999 2000 2001 1997 1998 1999 2000 2001 05/07/2002

  16. Slide 16: Topdeq: special and environmental circumstances strain; good start in the USA

    Topdeq: special and environmental circumstances strain; good start in the USA TURNOVER EBITDA " 1997 – 2001 " 1997 – 2001 in million Euro in million Euro 87.1 10 9.3 82.9 80 73.1 8.3 8.4 8 63.0 60 53.3 6 4.6 40 4 20 2 0.4 1997 1998 1999 2000 2001 1997 1998 1999 2000 2001 05/07/2002

  17. Slide 17: K + K America: profitable acquisition and recession

    K + K America: profitable acquisition and recession TURNOVER EBITDA " 1997 – 2001 " 1997 – 2001 in million Euro in million Euro 400 357.9 40 309.3 33.9 33.7 300 30 228.0 23.2 200 163.2 155.4 20 17.5 16.5 100 10 1997 1998 1999 2000 2001 1997 1998 1999 2000 2001 05/07/2002

  18. Slide 18: Cash flow: solid figure and key strength of TAKKT

    Cash flow: solid figure and key strength of TAKKT CASH FLOW " 1997 – 2001 in million Euro 55.1 50 49.1 45.8 40 35.9 30.9 30 20 depreciation 10 amortisation net income 1997 1998 1999 2000 2001 05/07/2002

  19. Slide 19: Free cash flow: positive after years of significant investment

    Free cash flow: positive after years of significant investment FREE CASH FLOW " 1997 – 2001 in million Euro 36.7 25.3 free funds for 30 reduction of liabilities - 37.9 - 75.3 -113.8 0 - 30 financial require- - 60 ments for spin-off and acquisitions - 90 1997 1998 1999 2000 2001 05/07/2002

  20. Slide 20: Capital investment: on a normal level

    Capital investment: on a normal level CAPITAL INVESTMENT " 1997 – 2001 in million Euro 168.9 160 140 121.1 120 100 80 73.8 60 40 20 5.6 12.4 acquisitions ordinary investment 1997 1998 1999 2000 2001 05/07/2002

  21. Slide 21: Consolidated balance sheet: strengthened equity

    Consolidated balance sheet: strengthened equity " in million Euro on on % % ASSETS 31/12/01 31/12/00 fixed assets 371.8 68.3 386.7 67.9 current assets 169.2 31.1 178.8 31.4 prepayments 3.6 0.6 3.8 0.7 544.6 100.0 569.3 100.0 EQUITY AND LIABILITIES shareholder‘s equity 139.5 25.6 128.1 22.5 provision

  22. Slide 22: Employees: increase due to warehouse extension and foundations

    Employees: increase due to warehouse extension and foundations EMPLOYEES " 1997 – 2001 Ø on full time basis 1,973 2,000 1,674 1,497 1,500 1,330 1,165 1,000 full time equivalent at 31/12/ $ 2000: 1,931 500 $ 2001: 1,964 1997 1998 1999 2000 2001 05/07/2002

  23. Slide 23: TAKKT strategy: winning market shares with . . .

    TAKKT strategy: winning market shares with . . . TAKKT CUSTOMERS " 1996 – 2001 ! motivated, trained employees 2.5 in million ! new foundations 2.0 CAGR ! acquisitions 14% ! increase of advertising media 1.5 ! extension of product range ! e-commerce 1.0 ! service 0.5 96 97 98 99 00 01 05/07/2002

  24. Slide 24: Outlook 2002: our objectives in a continuous difficult environment

    Outlook 2002: our objectives in a continuous difficult environment ! changeover to IAS ! roll out of our system business to new regions ! fortification of our core competencies service and offer ! EBITDA margin further over 10 percent % growth presupposes economic recovery 05/07/2002

  25. Slide 25: 3rd Annual General Meeting of TAKKT AG, 7 May 2002, Ludwigsburg

    3rd Annual General Meeting of TAKKT AG on 7 May 2002 in Ludwigsburg

Takkt — Shareholder Meeting (May 2002) on 6ix