ir presentation q1/2014 - bauer · 15-11-13 ir-presentation_9m_2015 ... earnings were impacted by...

© BAUER AG, D-86529 Schrobenhausen 15-11-13 IR-Presentation_9M_2015

BAUER AG

Group Presentation

First nine months 2015

© BAUER AG, D-86529 Schrobenhausen 15-11-13 IR-Presentation_9M_2015 2

Key Figures 9M 2015

9M 2014*

in EUR million

9M 2015

in EUR million

∆ 9M

in %

Total Group revenues, of which

- Germany

- International

- Construction

- Equipment

- Resources

- Other/Consolidation

1,163.2

348.7

814.5

542.6

498.1

160.6

-38.1

1,194.9

356.5

838.4

564.4

496.6

177.2

-43.3

+2.7 %

+2.2 %

+2.9 %

+4.0 %

-0.3 %

+10.4 %

n/a

Sales revenues 1,013.7 1,018.8 +0.5 %

Order intake 1,178.8 1,449.8 +23.0 %

Order backlog 780.8 1,017.6 +30.3 %

EBITDA 105.9 107.0 +1.0 %

EBIT 38.3 36.4 -5.0 %

EBIT margin in % (of sales revenues) 3.8 3.6 n/a

Net result for the period -5.0 -2.7 n/a

Earnings per share in EUR -0.36 -0.24 n/a

Equity ratio in % 24.2 24.5 n/a

Number of employees (average over the year) 10,389 10,679 +2.8 %

*Previous years figures adjusted


Total Group revenues with EUR 1,194.9 million were 2.7 % above previous year (EUR 1,163.2 million). EBIT with EUR 36.4

million was 5.0 % lower than in the previous year (EUR 38.3 million). Net result for the period was EUR -2.7 million

(previous year: EUR -5.0 million).

Revenues of the Construction segment increased by 4.0 % to EUR 564.4 million. EBIT decreased by EUR 4.4 million to

EUR 12.4 million. The net result deteriorated from EUR -1.3 million to EUR -1.4 million. Almost all regions of the world

experienced an upturn in business, but the loss made by our US business made it impossible to increase earnings.

Sales revenues of the Equipment segment increased by 1.5 % to EUR 367.3 million. EBIT decreased by 4.0 % to EUR

24.6 million and net result from EUR 4.3 million to EUR 4.2 million. Earnings were impacted by restructuring measures,

the weak exploration market and lower delivery of large and complex equipment with higher margins. On the other hand,

a one-time income was generated by selling shares of a subsidiary and revaluing the remaining shares.

Revenues of the Resources segment grew by 10.4 % from EUR 160.6 million to EUR 177.2 million. EBIT came to EUR -1.2

million (previous year: EUR -1.9 million). The net result was EUR -7.8 million (previous year: EUR -7.2 million). A lot of

restructuring measures and a weak market for deep drilling services negatively influenced the earnings.

Order backlog with EUR 1,017.6 million (previous year: EUR 780.8 million) increased by 30.3 %. It has broken the billion

barrier for the first time in the history of the company. This growth is mainly due to the Construction and Resources

segments. Numerous projects, including major ones, were acquired.

Forecast for 2015 unchanged: total Group revenues of around EUR 1.6 billion, EBIT of around EUR 75 million and profit

after tax of around EUR 18 to 23 million. As in the previous year, earnings will include non-operating profit, which offset

the negative effects of the restructuring measures and expenses incurred by individual subsidiaries.

Main topics

Key Figures 9M 2015


Contents

Financials 4

Overview BAUER Group 1

Market environment 3

p. 5

p. 12

p. 14

5 Guidance 2015

6 Appendix

p. 23

p. 24

Challenges & Chances 2 p. 9


The BAUER Group is a leading provider of services, equipment &

products dealing with ground and groundwater.

Mission

Strategy

The world is our market.

Global network organization with flexible, decentralized management.

Three forward-looking segments providing high level of synergies:

Construction, Equipment, Resources

World market leadership for foundation technology.

Powerful development of drilling applications and services

for related markets.

Highly innovative products and services related to water, environment

and natural resources.

Railway project – Schwarzkopf Tunnel, Germany

1 BAUER Group Mission & Strategy

EUR 1.56 billion total Group revenues

EUR 76.4 million EBIT

5.6 % EBIT margin

26.6 % equity ratio

10,405

employees FY 2014

Key targets

Revenue growth: 3 - 8 % per year

EBIT margin: 7 - 9 %

Equity ratio: > 30 %


1 BAUER Group The three segments

Construction Equipment Resources

Market leader in specialist

foundation equipment

New products for mining, deep

drilling and offshore drilling

80 % of sales abroad

Full year 2014:

39 % of total Group revenues

EBIT margin: 6.8 %

Key targets:

~ 40 % of total Group revenues


Global provider for specialist

foundation engineering services

Focus on complex, international

projects

~ 50/50 infrastructure / industrial

Full year 2014:

45 % of total Group revenues

EBIT margin: 4.0 %

Key targets:



Products & services related to

water, environment and natural

resources.

Service provider for the oil, gas

and mining industry

Full year 2014:

16 %* of total Group revenues

EBIT margin: 8.1 %*

Key targets:



* Figures include a one-time income in Resources


in EUR million (segment after deducting Other/Consolidation)

7

1

Note: from 2003 based on IFRS figures

Resources

249

Equipment

612

Construction

Overseas

510

Total 1,560

Construction

Domestic

189

Total Group Revenues Longstanding healthy business development

German reunification

Far East crisis

Financial crisis


Worldwide network More than 110 subsidiaries in about 70 countries

1

BAUER Manufacturing Inc.

Conroe, Texas, USA

GWE Group, plant Luckau,

Germany

BAUER Maschinen Kurgan,

Kurgan, Russia

BAUER Equipment Malaysia

Shah Alam, Malaysia

BAUER Tianjin Technologies,

Tianjin, China

BAUER Maschinen Group, plant Aresing near

Schrobenhausen, Germany

Permanent Offices:

Construction

Equipment sales

Resources

Equipment production

locations


BAUER Group Challenges of the world provide chances for the company

2

Urbanization Infrastructure Water

Environment Energy / Oil & Gas Values

The megatrend urbanization leads to

more complex inner-city solutions

High demand for new infrastructure and

for restoration of existing structures

Changing social values influence the

working and corporate environment

The pollution and contamination of soil

require innovative purification solutions

Energy and resource scarcity provide

chances for underwater and deep drilling

The shortage of clean drinking water

is one of the worlds biggest problems


BAUER Group Solutions for the biggest challenges and megatrends

2

Urbanization & Infrastructure

Water

Environment

Energy / Oil & Gas

Leading position in special

foundation engineering.

Global activities with presence

in over 50 countries worldwide.

Construction Equipment

Resources

Market leader in specialist

foundation equipment.

Focus on specialized and

high-end equipment.

Construction

Innovative construction

methods and services with

a special focus on

environmental issues.

Extensive solutions in the

field of decontaminating

polluted ground and

groundwater and for

remediation works.

Equipment Resources

Longstanding experience in

the manufacture of well

drilling rigs.

Innovative products and

services for wells and for

cleaning of drinking and

process water.

Equipment Resources

Customized solutions for

deep drilling, which set new

standards of safety,

efficiency, productivity and

service.

Comprehensive service

provider for clients in the

exploration and mining

fields.


2 BAUER Group Chances

Construction Equipment Resources

Growth potential in new markets

and with specialized machines.

Manufacture of customized deep

drilling solutions, which set new

standards of safety, efficiency,

productivity and service.

Powerful duty-cycle crane series,

which entered new markets.

Innovative offshore equipment for

the foundation of wind farms and

tidal turbines.

Growing construction markets

worldwide.

Huge pent-up demand in

developed countries and in

emerging markets.

Specialist foundation grows

somewhat stronger than

construction markets.

Construction segment with

considerable number of major

projects currently under

construction and tendered for

worldwide.

Full-service provider for products

and solutions related to water.

Ground-breaking projects in the

field of cleaning drinking and

process water, e.g. a biological

water treatment plant in Oman.

Promising opportunities due to

its focus on growth markets

water, environment and natural

resources.

High expertise in exploration and

mining services for the resources

water, oil, gas and geothermal

energy.


3

12

World construction markets Bauer market potential

USA / Canada:

public demand,

power plants, dams, etc.

+

Other Americas:

several chances in

Central America.

Africa:

slight construction

activities, regional

growth (Angola, Algeria);

demand for water and

resources

+ o

Far East:

positive development

in all areas, especially

Hongkong, Malaysia,

Indonesia

+

Western Europe:

weak markets -

Germany:

quite good. + Eastern Europe:

slowly positive

development

Russia:

Crisis regarding Ukraine;

difficult to predict.

Middle East:

stable, especially Qatar

Abu Dhabi, Saudi Arabia;

increasing risk regarding

oil price

+ Central Asia:

good market potentials +

-- weak - slightly weak o stable + growing ++ strong growth

o -


2015 2016

2015 2016

2015 2016

2015 2016

2015 2016

2015 2016

2015 2016

2015 2016

2015 2016

2015 2016 2015 2016 2015 2016

6.8 6.3

2015 2016

2015 2016

China

6.5 6.4

2015 2016

1.9 1.9

1.5 1.6

-3.8 -0.6

3.1 3.6

2.0 2.2

4.0 4.5

2.6 2.8

-0.3 0.8

-3.0 -1.0

3.8 4.3

2.5 3.9

-2.7 0.5

2.4 2.9

Source: International Monetary Fund, World Economic Outlook Database, October 2015 * CIS = Commonwealth of Independent States (incl. Georgia; excl. Russia)

United States

Latin America

European Union

Brazil

CIS*

Developing Asia

Germany

Middle East &

North Africa

Sub-Saharan Africa

World Advanced

Economies

Emerging Markets &

Develop. Economies

Russia

Australia

3 Global economic situation IMF projection of the real annual GDP growth in %

13


4

1,600

1,200

800

400

0

2014 2015 2013 2012

Q1

Q2

Q3

Q4

342

389

358

382

1,471

349

456

351

329

1,485

+1.0 %

Financials Revenues, earnings & orders – Group

Revenues

Earnings

Order backlog

Order intake

in EUR million

in EUR million in EUR million

in EUR million Total Group revenues Sales revenues

EBIT Net profit

334

424

421

379

1,558

+4.9 % 100

75

50

25

0

-25

2014 9M 2014 2013 2012

1,436 1,344

9M 2015

1,163

1,014

1,195

1,019

1,504 1,402

1,560

1,376

2014 9M 2014 2013 2012 9M 2015

785.0 765.2 780.8

1,018

762.7

1,200

900

600

300

0

72.0

25.8 30.1

76.4

-19.4

15.7

38.3

-5.0

2014 9M 2014 2013 2012 9M 2015

36.4

-2.7 494

+23.0 %

405

551


Total Group revenues

EBIT

Financials Revenues, earnings & orders – Segments

4

Order intake

Order backlog

in EUR million

in EUR million in EUR million

in EUR million Construction Resources Equipment

543 564 +4.0 %

-0.3 % 498 497

161 177 +10.4 %

1,163 1,195

9M 2015 9M 2014

Construction Resources Equipment

Q3 2014 Q3 2015

187 195

181 163

60 75

+4.0 %

-9.8 %

+26,0 % 414 415

9M 2015 9M 2014

519 698 +34.4 %

-3.4 %

515

498

183

298 +63.0 % 1,179

1,450


9M 2015 9M 2014

472 584 +23.9 %

+16.5 %

137

160 172

274 +58.9 % 781

1,018


Order book (in months)

Group

Construction

Equipment

Resources

7.8

9.7

3.0

13.0

EBIT 9.3 2.0 16.8 12.4

EBIT margin (in %) 5.6 1.1 3.4 2.5

9M 2014 Q3 2015 Q3 2014 9M 2015

EBIT 12.5 16.2 25.6 24.6

EBIT margin (in %) 8.7 12.5 7.1 6,7

EBIT 1.4 2.0 -1.9 -1.2

EBIT margin (in %) 2.5 3.0 n/a n/a

The totals include Other/Consolidation

Q3 2014 Q3 2015

421

551

228 185

166 187

175

+23.1 %

-11.2 %

n/a

63


4 Financials Regional breakdown – Total Group revenues 9M 2015

in EUR million

Total 1,195

in EUR million

Africa 62 (4 %)

Americas 172 (11 %)

Asia-Pacific,

Far East & Australia

377 (24 %)

Middle East

& Central Asia 232 (15 %)

Germany 440 (28 %)

EU excl. Germany

152 (10 %)

Europe (other)

125 (8 %)

Total 1,560

Full year 2014

Africa 74 (6 %)

Americas 177 (15 %)

Asia-Pacific,


250 (21 %)

Middle East


Germany 356 (30 %)

EU excl. Germany 117 (10 %)

Europe (other)

48 (4 %)


Figures after deducting Other/Consolidation

4 Financials Regional breakdown – Segments 9M 2015

in EUR million

Total 556 Total 465 Total 174

Construction segment Equipment segment Resources segment

Africa 51 (9 %)

Americas 82 (15 %)

Asia-Pacific,


136 (24 %)

Middle East


Germany 141 (25 %)

EU excl. Germany

36 (7 %)

Europe (other)

17 (3 %)

Africa 17 (4 %)

Americas 87 (19 %)

Asia-Pacific,


114 (24 %)

Middle East


Germany 115 (25 %)

EU excl. Germany

66 (14 %)

Europe (other)

29 (6 %)

Africa 6 (4 %)

Americas 8 (5 %)

Middle East

& Central Asia

43 (24 %)

Germany 100 (57 %)

EU excl. Germany

15 (9 %)

Europe (other)

2 (1 %)


Financials Working capital needs & net debt

4

Net financial debt & pensions

Net

fin

an

cia

l

de

bt

Pe

ns

ion

s

Net working capital

800

600

400

200

0

in EUR million

in EUR million

Bauer’s business model with its three segments

requires considerably more working capital than

other companies in construction markets.

Changes during the year:

- Levels of working capital in the balance sheet during

the year are typically higher than year-end positions.

Construction segment:

- Construction contracts with short duration need

approx. 2 - 3 months pre-financing

(no advance payments, no front-loading of prices

possible, comparably long time needed for final

account settlement).

- On some jobs collection of money takes long time

due to disputes with the customer. Bad payment is

frequently used by customers to achieve reductions

in final payments. This can cause law cases.

Comparison with main contractor: they can finance

their company by a positive cash flow from jobs.

2012 2013

580

2014 9M 2014 9M 2015

605 604 736 700

2012 2013 2014 9M 2014

82 84

611 672 646

106

119

778 749

112

9M 2015


Building construction

positive cash contribution

Specialist foundation engineering

pre-financing need

Financials Working capital needs & cash flow

4

EUR

12 24 months

Positive cash

contribution

Negative cash

contribution

Co

ntr

ac

t va

lue

EUR

Negative cash

contribution

12 24 months

Co

ntr

ac

t va

lue

Equipment segment:

- Due to very special parts being installed, parts need

to be pre-ordered well in advance

approx. 3 months pre-financing of equipment

during production.

- Spare parts store is needed for large customer base.

- A relatively large rental fleet is needed for different

contract types (e.g. rental purchase).

- Deep drilling rigs add large numbers in value.

Resources segment:

- A mixture of the Construction and Equipment

segments.


Financials Income statement 9M 2015

4

in EUR '000 9M 2014 9M 2015 ∆ in %

Consolidated revenues (P&L) 1.136.422 1.134.782 -0,1%

Sales revenues (P&L) 1.013.687 1.018.818 0,5%

Material costs -600.828 -549.680 -8,5%

Personnel costs -265.171 -280.915 5,9%

Depreciation and amortization of fixed assets -57.429 -61.022 6,3%

Write-downs of inventories due to use -10.143 -9.638 -5,0%

Other operation expenses -164.559 -197.146 19,8%

EBIT 38.292 36.381 -5,0%

Financial income 3.944 3.261 -17,3%

Financial expenses -35.817 -30.422 -15,1%

Result from associated entities -263 1.450 n/a

Earnings before tax (EBT) 6.156 10.670 73,3%

Income tax -11.109 -13.321 19,9%

Net result for the period -4.953 -2.651 n/a

of which attributable to shareholders of BAUER AG -6.106 -4.197 n/a

of which attributable to non-controlling interest 1.153 1.546 34,1%


Financials Balance sheet September 30, 2015

4

(a) Other provisions also include short term portion of pension provisions *Previous years figures adjusted

in EUR '000 Sept. 30, 2014* Sept. 30, 2015 ∆ in %

Assets 1.700.198 1.710.720 0,6%

Intangible assets 33.871 31.228 -7,8%

Property, plant and equipment 442.649 443.993 0,3%

Long term financial assets 23.491 84.685 n/a

Other long term assets & deferred taxes 41.970 36.179 -13,8%

Receivables from concession arrangements 40.065 0 n/a

Inventories 487.359 470.236 -3,5%

Receivables and other assets 574.231 593.760 3,4%

Effective income tax refund claims 2.647 1.599 -39,6%

Cash and cash equivalents 53.915 49.040 -9,0%

Equity and liabilities 1.700.198 1.710.720 0,6%

Equity 410.606 419.495 2,2%

Provisions for pensions 104.268 109.457 5,0%

Non-current liabilities 473.812 433.325 -8,5%

Current liabilities 683.138 715.335 4,7%

Other provisions (a)

/ tax 28.374 33.108 16,7%


Financials Cash flow statement 9M 2015

4

in EUR '000 9M 2014 9M 2015 ∆ in %

Cash flow from operating activities -22.625 -39.143 n/a

Cash flow from investing activities -24.686 -39.176 n/a

Cash flow from financing activities 41.315 84.874 105,4%

Free Cash Flow -47.311 -78.319 n/a

Changes in liquid funds affecting payments -5.996 6.555 n/a

Influence of exchange rate movements on cash 2.694 650 n/a

Total change in liquid funds -3.302 7.205 n/a

Cash at beginning of reporting period 57.217 41.835 -26,9%

Cash at end of reporting period 53.915 49.040 -9,0%


Guidance 2015 Top-line growth with a slight increase in profitability

5

2014e* 2014 final 2015e

Total Group Revenues ~ 1,550 EUR million 1,560 EUR million ~ 1,600 EUR million

EBIT ~ 75 EUR million 76.4 EUR million ~ 75 EUR million

Net result at lower end of

15-20 EUR million 15.7 EUR million ~ 18-23 EUR million

Bagatelle dam – Mauritius Water treatment plant – Leuna, Germany

* Guidance published November 14, 2014

In-house exhibition 2015 – Schrobenhausen

BAUER Group


Appendix

Equipment programme D

Resources projects E

The BAUER Group A

F Market environment Germany

G BAUER share

Construction projects C

p. 25

p. 30

p. 34

p. 39

p. 45

p. 46

H Key Figures Time Line p. 48

What is specialist foundation? B p. 28


1790 · 1900 · 1902 · 1928 · 1948 · 1956 · 1958 · 1967 · 1969 · 1972 · 1975 · 1976 · 1984 · 1990 · 1992 · 1994 · 1998 · 2001 · 2014

BAUER Group The history – Two centuries of experience

End of 1970’s:

Start of

internationalisation

Early 1990’s:

Build up of

specialist construction/

environmental business

FY 2014:

Total Group

revenues

EUR 1.560

billion,

10,405

employees

4. Jul 2006:

IPO

A

Early 1970’s:

Start of equipment

manufacturing

Company founded as

copper forge

After WW II (1950's):

Start of construction

business

Early 1980’s:

Selling of equipment to

third parties

1790 1900-1970 1980-1990 2000-2014


A BAUER Group The three segments

26 © BAUER AG, D-86529 Schrobenhausen

Target: ~ 40 % of

total Group revenues

Market leader in

specialist foundation

equipment

New products for

mining, deep drilling

and offshore drilling

80 % of revenues

from sales abroad

Multi-branding

strategy

Target: ~ 40 % of total Group revenues

Global provider for specialist foundation engineering services

Specialist construction services

Focus on complex, international projects

Target: ~ 20 % of

total Group revenues

Activities in

environmental

technology, mining,

deep drilling, well

construction,

materials


A BAUER Group Headquarters and plant Schrobenhausen, Germany


What is specialist foundation? Building an excavation pit

B

Ground Water

Injection Anchor

Sealing Slab

Supporting Wall

Underpinning

Injection

Pile Foundation


What is specialist foundation used for? Applications for projects

B

Foundations Cut-off walls Excavation pits

Buildings Infrastructure Water – Energy Industry

Ground improvement


Construction Dubai, VAE – Vibro-compaction work for “Palm Jumeirah”

C


Construction Doha, Qatar – Construction pit for the Mozoon Towers

C


C Construction Istanbul, Turkey – Diaphragm wall for Eurasia tunnel


Construction Zwenkau, Germany – Construction works for Harth canal

C


Equipment Product range: Drilling rigs (BG series) – ValueLine

D

ValueLine The BG ValueLine is a fully dedicated Kelly drilling rig.

BG 30 BG 38 BG 20


Equipment Product range: Drilling rigs (BG series) – PremiumLine

D

BG 42 BG 50 BG 20

PremiumLine Multi-purpose drilling rigs for various applications of foundation works.


D Equipment Product range: Duty-cycle cranes (MC series)

MC 128 MC 96 MC 64


D Equipment Product range: Deep Drilling (PR series)

PR 200 PR 440 M2 In order to meet the upcoming

market challenges, out-of-the-box

thinking is necessary and therefore

customized rig solutions are of

growing importance.

Based on more than 40 years of

experience in engineering and

manufacturing of drilling rigs, Bauer

develops and manufactures

customized drilling solutions which

set new standards of safety,

efficiency, productivity and ease

of service in the deep drilling

business.


D Equipment Product range: Underwater Drilling


Resources Segment Pool of competences from a single hand

E

Industrial Waste Water

Process & Produced Water

NORM

Constructed Wetlands

Modelling & Well Design

Construction Material for Wells

and Geothermal

Water Distribution Management

Irrigation Systems

Remediation

Landfill Restoration

Decommissioning

Demolition

Hazardous Waste Management

Soil Treatment and Waste

Management

Exploration Drilling

Deep Geothermal Drilling

Oil & Gas Drilling

Well Drilling

Blast Hole Drilling

Environment Water Natural Resources


Resources Segment The Competence Centers

E

Environment

Water

Natural

Resources Waste

Treatment

& Disposal

Remediation

Constructed

Wetlands

Water

Treatment

Process

Technology

Beverage &

Biotec

Water Well

Design &

Construction

Drilling

Techno-

logies


Resources Water – Process Water & Water Distribution Management

E


Resources Environment – Soil remediation in Germany

E


Resources Environment – Reed Bed Water Treatment Plant in Oman

E


Resources Natural Resources – Oil and Exploration Drilling in Jordan

E


Absolute Figures

2014

Employees in 1000 757,4

Revenues in EUR billion 99,4

Building construction 64,0

Foundation engineering 35,4

Orders received *

in EUR billion

Housebuilding 11,5

Industrial building 24,3

Public sector

of which

public buildings 3,6

road building 9,8

underground structures 7,0

*) only companies > 20 employees

0,7

-0,9

-2,2

-5,2

-2,5

-1,8

-1,2

-2,9

-46,4

-14,9

-18,8

-6,9

20,4

-43,7

-23,8

-22,0

56,2

-41,3

11,1

-37,5

4,3

-0,2

-3,5

August 2015 2014/ Jan-Aug

1995 2013Germany

Change in %

Germany

2014/

-3,1

0,8

2015/2014

0,1

4,1

4,5

4,4

-28,4 -0,5 1,2

-3,5

3,5

11,4

Market environment – Germany German construction market

F

Source: Federal Statistical Office, Statistical Office Bavaria


BAUER share Facts & Figures

G

Bauer family

Free float

51.81 %

Listed on Frankfurt stock exchange,

Prime Standard, since July 4, 2006

Share capital EUR 73,001,420.45

Shares issued 17,131,000

Issue price EUR 16.75

Shareholder structure

Share performance (01/2015 – 11/2015)

in EUR 2011 2012 2013 2014 2015

Earnings per share 1.86 1.44 -0.99 0.85 ---

Share price year end 21.10 19.32 18.81 13.35 ---

Share price highest 38.49 26.50 23.05 20.04 19.20

Share price lowest 16.04 16.13 17.33 11.75 13.85

Market Cap (in EUR million)

361.5 331.0 322.2 228.7 ~320

48.19 %


BAUER share Dividend policy

G

2009

Dividend payment

2010 2008 2007 2006

0.30

0.00

0.60

0.90

1.20

0.50

1.00 1.00

0.60 0.60

Dividend policy founded on a reasonable

balance between shareholders and

company

fair participation of shareholders

continuity over the years

safeguarding of the equity base

All shareholders shall participate in the

success of the business.

In turbulent times such as the financial crisis

our goal of strategic and safe growth of the

company led to higher profit retention for the

last years.

To secure an adequate equity ratio is an

important aim of the company’s management.

With this we intend to safeguard the long-term

success of the Group.

2011

0.50

2012

0.30

2013

0.00

0.15

2014

in EUR per share


H Key Figures Time Line FY 2008 – Q3 2015

Figures 2014 adjusted

Total Group Revenues

(in EUR million)

BAUER Group 1.527,2 1.275,8 1.304,0 1.371,8 361,7 372,5 1.435,8 330,7 390,7 382,6 400,2 1.504,2 378,1 371,1 413,9 397,1 1.560,2 409,1 371,3 414,5

Construction 700,9 570,0 615,4 606,6 163,7 171,2 655,2 153,5 192,7 183,0 212,5 741,7 178,5 173,0 181,8 192,3 725,6 193,5 176,4 194,5

Equipment 780,1 608,5 581,7 636,5 153,0 144,9 589,1 152,4 157,3 163,9 155,0 628,6 163,8 157,6 186,1 131,7 639,2 173,8 159,6 163,2

Resources 135,1 174,3 177,7 211,5 67,7 71,5 262,8 39,1 54,7 53,2 41,9 188,9 48,4 52,5 59,6 92,3 252,8 54,3 47,8 75,1

Sales Revenues

(in EUR million)

BAUER Group 1.290,8 1.096,5 1.131,7 1.219,6 328,5 410,5 1.344,4 262,6 344,7 361,2 433,7 1.402,2 313,4 332,2 368,1 362,0 1.375,7 299,6 342,4 376,8

Construction 584,3 487,9 505,8 506,2 148,3 147,6 579,1 124,4 167,8 182,4 182,9 657,5 167,8 160,8 163,5 154,5 646,6 156,0 163,9 179,4

Equipment 601,2 456,5 469,3 511,4 124,1 194,5 520,6 104,1 125,5 127,5 204,5 561,6 102,9 120,6 147,4 161,8 532,7 100,5 137,4 129,3

Resources 105,1 152,0 156,4 201,5 56,0 68,4 244,3 34,0 51,4 51,4 45,8 182,6 42,5 50,7 57,2 45,5 195,9 42,9 40,9 67,9

EBIT

(in EUR million)

BAUER Group 167,5 84,4 88,4 82,3 26,3 26,3 72,0 2,3 5,1 5,3 17,4 30,1 4,9 8,7 24,7 38,1 76,4 1,2 14,8 20,4

Construction 46,3 25,7 28,8 17,9 9,7 5,8 22,0 0,3 2,6 15,5 2,8 21,2 1,5 6,0 12,9 5,6 26,0 4,9 5,5 2,0

Equipment 118,3 51,3 48,3 53,0 8,6 13,6 34,0 3,8 2,0 7,5 18,9 32,2 5,6 7,7 12,7 10,0 36,0 -0,9 9,3 16,2

Resources 4,0 6,0 8,1 10,9 7,7 6,5 15,2 -2,4 -0,1 -17,6 -3,9 -24,0 -2,1 -1,2 -2,4 21,6 15,9 -2,9 -0,3 2,0

EBIT margin

(in %)

BAUER Group 13,0% 7,7% 7,8% 6,7% 8,0% 6,4% 5,4% 0,9% 1,5% 1,5% 4,0% 2,1% 1,6% 2,6% 6,7% 10,5% 5,6% 0,4% 4,3% 5,4%

Construction 7,9% 5,3% 5,7% 3,5% 6,5% 3,9% 3,8% 0,2% 1,5% 8,5% 1,5% 3,2% 0,9% 3,7% 7,9% 3,6% 4,0% 3,1% 3,4% 1,1%

Equipment 19,7% 11,2% 10,3% 10,4% 6,9% 7,0% 6,5% 3,7% 1,6% 5,9% 9,2% 5,7% 5,4% 6,4% 8,6% 6,2% 6,8% -0,9% 6,8% 12,5%

Resources 3,8% 3,9% 5,2% 5,4% 13,8% 9,5% 6,2% -7,1% -0,2% -34,2% -8,5% -13,1% -4,9% -2,4% -4,2% 47,5% 8,1% -6,8% -0,7% 2,9%

Q2 15

Q2 15

Q2 15

Q2 15

Q3 15

Q3 15

2014

2014

Q1 15

Q1 15

Q1 15

Q1 15

Q3 13 Q4 13 2013 Q4 14

Q1 14

Q1 14

Q2 14 2014

2014

Q3 13 Q3 14

Q3 14Q1 14 Q2 14

Q4 14

Q2 14

Q3 13 Q4 13 2013 Q4 14

Q3 14Q4 13 Q4 14

Q2 13

Q2 13

Q2 13

Q2 13Q3 12

Q4 12

2011

2010

2009

2009

2008

2008

2008

20092008

2009

2011

2010

2010

2011

2010

2011

2012Q3 12 Q4 12

Q3 12 Q4 12 2012

Q1 13

Q1 13

Q1 13

Q1 13 Q3 13

Q3 14Q2 14

Q4 13 2013

2013

Q3 15

Q3 15

Q3 12

Q4 12

2012

2012 Q1 14


Investor Relations

BAUER Aktiengesellschaft

BAUER-Straße 1

86529 Schrobenhausen

Germany

Tel.: +49 8252 97-1218

Fax: +49 8252 97-2900

[email protected]

www.bauer.de

BAUER Aktiengesellschaft

Financial calendar 2016

Publication Annual Report 2015 April 18, 2016

Annual Press Conference April 18, 2016

Analyst Conference April 18, 2016

Annual General Meeting June 23, 2016

Interim Report to March 31, 2016 May 13, 2016

Half-Year Interim Report to June 30, 2016 August 12, 2016

Interim Report to September 30, 2016 November 14, 2016

Listing CDAX, GEX,

Classic All Share

Prime All Share

DAXplus Family

Get the BAUER App

for Apple and Android

ISIN DE0005168108

Reuters B5AG.DE

Bloomberg B5A GR

www.youtube.com/Bauergruppe

www.facebook.com/BauerAGgroup


Disclaimer

This presentation contains forward-looking statements. Forward-looking statements

are statements that are not historical facts, including statements about our beliefs,

intentions, expectations, predictions and the assumptions underlying them.

These statements are based on factors as they are currently available to the

management of BAUER AG and therefore speak only as of the date they are made.

We assume no liability to update publicly or conform any of them to future events or

future developments.

Forward-looking information is subject to various known and unknown risks and un-

certainties, which could lead to material differences between the actual future results,

financial situation, development or performance of the BAUER Group and those

factors contained in any forward-looking statement. In view of these uncertainties, no

assurance can be given that these forward-looking statements will prove accurate

and correct, or that anticipated and projected future results will be achieved and we

caution you not to place undue reliance on these forward-looking statements.

ir presentation q1/2014 - bauer · 15-11-13 ir-presentation_9m_2015 ... earnings were impacted by...

Documents