Masterflex Se · XETR:MZX
Masterflex — Investor Presentation (April 2021)
31 slides from Masterflex's investor presentation, Apr 7, 2021
Slide 1: Masterflex Investor Presentation
Overview Strategy Figures Outlook Appendix 1 MASTERFLEX Investor Presentation
Slide 2: Agenda
Overview Strategy Figures Outlook Appendix 3 2 Agenda Overview Business Model and Strategy Figures Outlook Appendix
Slide 3: Overview
Overview Strategy Figures Outlook Appendix 3 Overview
Slide 4: Masterflex Group SE – Connecting Values
Overview Strategy Figures Outlook Appendix 4 Masterflex Group SE – Connecting Values 1987 Foundation 613 Employees 13 Worldwide Sites 2020 Revenue: EUR 71.9 million Operative EBIT: EUR 3.2 million
Slide 5: Masterflex specialist for high-tech connection solutions
Overview Strategy Figures Outlook Appendix 5 Masterflex specialist for high-tech connection solutions Masterflex connection solutions Megatrends remain applicable in a wide long-term range of growth drivers industries Masterflex Medical Globalisation & hose systems can be Profiting from demographic
Slide 6: Application examples
Overview Strategy Figures Outlook Appendix 6 Application examples
Slide 7: Broad product portfolio as a result of industry diversification
Overview Strategy Figures Outlook Appendix 7 Broad product portfolio as a result of industry diversification Materials Product Market Participant PU, PVC, Fabric Schauenburg, Norres, Merlett VMQ (Silicone), CMS (Hypalon®) Hutchinson, MST, Flexfab Modenplast, PU, PVC, PA, PE Medi-Line, Raumedic PC AB
Slide 8: Our competitive strengths
Overview Strategy Figures Outlook Appendix 8 Our competitive strengths Technology High Broad leader and Customised Market-leading Outstanding Pioneer in complexity material TOP100 advice image product quality digitalization Management competence innovator Competitive strengths
Slide 9: Business Model and Strategy
Overview Strategy Figures Outlook Appendix 9 Business Model and Strategy
Slide 10: Business model stands for sustainable, long-term and profitable growth
Overview Strategy Figures Outlook Appendix 10 Business model stands for sustainable, long-term and profitable growth Internatio- nalisation Innovation Digital Trans- Operative formation Excellence
Slide 11: Internationalisation
Overview Strategy Figures Outlook Appendix 11 Internationalisation Standorte einzeichnen We want to further expand our presence in America and Asia.
Slide 12: The goal of internationalisation
Overview Strategy Figures Outlook Appendix 12 The goal of internationalisation • Masterflex is represented with its own production on all continents • Distribution of the entire "German product range" also abroad - offers great potential • Growth via acquisitions
Slide 13: Innovation strategy focused on long-term growth drivers
Overview Strategy Figures Outlook Appendix 13 Innovation strategy focused on long-term growth drivers Globalisation Digitalization Sustainability • The population is getting • The trend of increasing • High-tech plastics will older networking of processes substitute conventional • The desire for mor
Slide 14: Awarded as Top Innovator since 2016
Overview Strategy Figures Outlook Appendix 14 Awarded as Top Innovator since 2016
Slide 15: Digital transformation: Industry 4.0-enabled production unstoppable
Overview Strategy Figures Outlook Appendix 15 Digital transformation: Industry 4.0-enabled production unstoppable Assistance system for production plants • Continuous support of the plant operator through intuitive communication • Live simulation • Automated recommendation of optimal process setting
Slide 16: Digital transformation using the example: Ampius®
Overview Strategy Figures Outlook Appendix 16 Digital transformation using the example: Ampius® • Networkable and intelligent hose system • Real-time data from hose operation (in daily operation/contact with thousands of machines and plants) • Implementation of additional digital functions, such as
Slide 17: Operative Excellence
Overview Strategy Figures Outlook Appendix 17 Operative Excellence EBIT targets* from the 'B2DD Program' in 2019: Our claim: • Staff reduction: EUR 1.4 million • Ongoing optimisation of • Innovations: EUR 0.6 million core processes • Material: EUR 0.5 million • Scaling of products Total: EUR 2.5 mil
Slide 18: Summary of our strategic goals
Overview Strategy Figures Outlook Appendix 18 Summary of our strategic goals Internationalisation Innovation Digital Transformation Operative Excellence • Tapping the • Expansion of innovation and • Further automation of • Foundations for very disproportionate potential technology leadership interna
Slide 19: Figures
Overview Strategy Figures Outlook Appendix 19 Figures
Slide 20: The 2020 business year at a glance
Overview Strategy Figures Outlook Appendix 20 The 2020 business year at a glance Forecast exceeded despite corona-related effects • Orientation towards the future-oriented medical technology sector provides stability • Earnings forecast for the 2020 financial year exceeded • Group turnover of EUR 71
Slide 21: 12/2020: Figures
Overview Strategy Figures Outlook Appendix 21 12/2020: Figures Positive earnings situation in a challenging In EUR milion 31/12/2020 31/12/2019 environment Revenue 71.9 80.0 • Corona-related decline in sales of 10.1% (upper end of full-year forecast: minus 10-15%). EBITDA 7.9 9.7 • Stability thanks
Slide 22: Single quarters 2020
Overview Strategy Figures Outlook Appendix 22 Single quarters 2020 Revenue by quarters Operative EBIT by quarters in EUR million in EUR million 25 2,5 21.1 2.1 2.1 20.5 20.8 20.6 2 20 18.4 16.9 17.5 1.6 16.1 1,5 1.4 15 1.0 1 10 0,5 0.4 5 0.0 0 0 -0,5 -0.3 Q1 20 Q1 19 Q2 20 Q2 19 Q3 20 Q3 19 Q4 20 Q4
Slide 23: Equity ratio remains very solid
Overview Strategy Figures Outlook Appendix 23 Equity ratio remains very solid Group equity and equity ratio in EUR million and % 53.5% 51.5% 54.1% 54% 42,0 • Stable Group equity as of 42.0 41.3 51.3% 40.2 31/12/2020 at EUR 41.3 million and 50% simultaneous dividend continuity 37.4 34,0 • Increase in
Slide 24: Masterflex share and dividend information
Overview Strategy Figures Outlook Appendix 24 Masterflex share and dividend information Share price development Dividend/ EPS January 2020 - 2021 7€ 0,4 6€ 0.35 0,35 5€ 0,3 0.26 4€ 0,25 0,2 3€ 0,15 2€ 0,1 0.07 0.07 0.08 0.08 1€ 0,05 0€ 0 Jan. 20 Mrz. 20 Mai. 20 Jul. 20 Sep. 20 Nov. 20 Jan. 21 2018 2
Slide 25: Outlook
Overview Strategy Figures Outlook Appendix 25 Outlook
Slide 26: Outlook 2021
Overview Strategy Figures Outlook Appendix 26 Outlook 2021 • Business development and expectations in the individual target sectors remain highly heterogeneous, but fundamentally positive • Against the backdrop of the ongoing COVID 19 pandemic, Q1/2021 is expected to be below the previous year's lev
Slide 27: Medium-term forecast
Overview Strategy Figures Outlook Appendix 27 Medium-term forecast Masterflex's earnings will grow faster than revenue in the future: • Organic growth in turnover to approx. EUR 100 million by 2024 at the latest • Double-digit EBIT margin from 2022 onwards • Additional growth through acquisitions to
Slide 28: Why invest in Masterflex?
Overview Strategy Figures Outlook Appendix 28 Why invest in Masterflex? 1. Masterflex is a medium-sized global market leader and therefore a clear growth stock. 2. Masterflex is closely linked to its customers - but its broad positioning means that it is largely independent of customers and industri
Slide 29: Appendix
Overview Strategy Figures Outlook Appendix 29 Appendix
Slide 30: Masterflex at a glance
Overview Strategy Figures Outlook Appendix 30 Masterflex at a glance in kEUR 31/12/2015 31/12/2016 31/12/2017 31/12/2018 31/12/2019 31/12/2020 Revenue 64,112 66,486 74,675 77,243 79,969 71,881 EBITDA 7,672 8,811 10,263 9,592 9,656 7,892 EBIT (operative) 4,870 6,097 7,081 6,251 5,058 3,167 Group resu
Slide 31: Financial calendar and contact
Overview Strategy Figures Outlook Appendix 31 Financial calendar and contact Financial calendar 2021 31 March Annual Report 2020 12 April Virtual Roadshow Paris, Metzler 12 May Report Q1/2021 19 May Annual General Meeting 11 August Half-year Report 2021 25 - 26 August Hamburg Investors Day 6 - 7 Sep