BAUER Aktiengesellschaft...2014/12/11 · 12-08-14 IR-Presentation_9M_2012 © BAUER AG, D-86529 Schrobenhausen 2Total Group revenues (in EUR million) 1,600 1,200 800 400 0 Orders

© BAUER AG, D-86529 Schrobenhausen 12-08-14 IR-Presentation_9M_2012

BAUER Aktiengesellschaft

City West project – Zurich, Switzerland

Group Presentation

First nine month 2012

© BAUER AG, D-86529 Schrobenhausen 12-08-14 IR-Presentation_9M_2012 2

Total Group revenues (in EUR million)

1,600

1,200

800

400

0

Orders in hand (in EUR million)

800

600

400

200

0

Net profit (in EUR million)

60

45

30

15

0

Key Figures 9M 2012

Employees (in average)

12,000

9,000

6,000

3,000

0

2009 2010 2011 9M 2011 9M 2012

2009 2010 2011 9M 2011 9M 2012 2009 2010 2011 9M 2011 9M 2012

2009 2010 2011 9M 2011 9M 2012

1,276 1,304 1,372 1,009 1,063 42.0 39.8 34.1 14.2 6.2

508.9 614.9 750.0 740.0 775.1 8,872 9,094 9,646 9,603 10,151


Mission & Strategy

Services, equipment & products dealing with ground

and groundwater

Our mission

Our strategy

The world is our market.

World market leadership for foundation technology.

Powerful development of drilling applications and related

services for resources, water and energy markets.

Optimizing worldwide organizational networks and self

controlling structures for the Group.

Growth 5 to 12 % per year.

MC 128 – Cutter works in Jeddah, Saudi Arabia


Total Group revenues with EUR 1,063.2 million (+5.4 % yoy) fully on target.

The Construction and Resources segments recorded substantial growth, while the Equipment

segment saw a marked decline.

Net profit of the Group with EUR 6.2 million significantly behind planning and previous year (EUR 14.2

million). The figure includes an extraordinary influence: In respect of expected losses from major

projects in the Construction and Resources segments approximately EUR 7.5 million was taken into

account.

Order backlog for the Group increased again to EUR 775.1 million (+4.7 % yoy) and is not far away

from all-time high of HY 2008 (EUR 808.4 million).

The full-year forecast of EUR 1.45 billion total Group revenues and after-tax profit of between EUR 25

and 30 million remain unchanged.

Main topics

Key Figures 9M 2012


Key Figures 9M 2012

9M 2011

in EUR million

9M 2012

in EUR million

∆ HY

in %

Total Group revenues, of which

- Germany

- International

- Construction*

- Equipment*

- Resources

- Consolidation / Other

1,008.9

263.6

745.3

434.5

468.3

162.7

- 56.6

1,063.2

280.9

782.3

484.0

444.2

191.3

- 56.3

5.4 %

6.6 %

5.0 %

11.4 %

- 5.2 %

17.6 %

n/a

Sales revenues 874.9 933.9 6.7 %

Orders received 1,134.0 1,088.3 - 4.0 %

Orders in hand 740.0 775.1 4.7 %

EBITDA 112.5 112.9 0.4 %

EBIT 51.5 45.2 - 12.2 %

EBIT margin in % (of sales revenues) 5.9 4.8 n/a

Net income 14.2 6.2 - 56.3 %

Earnings per share in EUR 0.70 0.34 - 51.4 %

Equity ratio in % 29.5 28.5 n/a

Number of employees (average over the year) 9,603 10,151 5.7 %

* Previous year figures have been adjusted. The Environmental Technology Division of SCHACHTBAU NORDHAUSEN GmbH

has been reassigned from the Equipment to the Construction segment.


Contents

Regional breakdown of Revenues 3

Financials 4

Overview BAUER Group 1

BAUER market environment 2

p. 7

p. 14

p. 16

p. 18

5 Guidance 2012

6 Appendix

p. 26

p. 27


1 BAUER Group The three segments

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


What is specialist foundation? Building an excavation pit

1

Ground Water

Injection Anchor

Sealing Slab

Supporting Wall

Underpinning

Injection

Pile Foundation


What is specialist foundation used for? Applications for projects

1

Foundations Cut-off walls Excavation pits

Buildings Infrastructure Water – Energy Industry

Ground improvement


Resources Segment The three divisions

1

Environment about 40 % of revenues*

Exploration & Mining

Services about 28 % of revenues*

Materials about 32 % of revenues*

Full-line provider for

materials in the field of

well construction

geothermal energy

distribution of gas/water/

geothermal energy

Production drilling

(for example: water wells)

Exploration drilling

Preparative work for the mining

of resources

Complete solutions in the field

of geothermal energy

Special solutions for mining

resources

Disposal of polluted areas

Cleaning of process water

and effluents

Processing of drinking water

Cleaning of extracted air

High purity systems

Brewing technology

High purity water systems * based on figures 9M 2012

© BAUER AG, D-86529 Schrobenhausen 12-08-14 IR-Presentation_9M_2012

in EUR million (segment after decucting Other/Consolidation)

11

1

Note: 2000 – 2002 based on HGB figures, from 2003 based on IFRS figures

Resources

209

Equipment

601

Construction

Overseas

405

Total 1.372

Construction

Domestic

157

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, Peine, Germany

BAUER Maschinen KSM,

Kurgan, Russia

BAUER Equipment Malaysia

Shah Alam, Malaysia

Shanghai BAUER Technologies,

Shanghai, China

BAUER Group, plant Edelshausen near

Schrobenhausen, Germany

Permanent Offices:

Construction

Equipment sales

Resources

Equipment production

locations


1 BAUER Group Strengths & Chances

Strategic business model with three forward-looking segments

providing high level of synergies.

Global network organisation with flexible, decentralized

management.

World market leader in foundation equipment with innovative

strength in enhancing existing products and designing new

ones.

Strengths

Chances

Construction segment with considerable number of major

infrastructure projects currently tendered for worldwide.

New growth potential in Equipment segment with entirely

new techniques such as deep drilling rigs, powerful

foundation crane series and offshore equipment.

Resources segment with ground-breaking projects, e.g.

biological water treatment plant and promising opportunities

due to its focus on growth markets water, energy and

environment. BSD 3000 – Subsea drilling at Orkney Islands, Scotland

© BAUER AG, D-86529 Schrobenhausen 11-11-14 IR-Presentation_9M2011

+

World construction markets Bauer market potential

2

14

-

Western Europe:

declining markets,

Germany is quite good +

+

++

Far East:

positive development

in all areas, especially

Hongkong, Malaysia

+ Other Americas:

several chances in

Central America

o

Africa:

slight construction activities,

regional growth (Angola, Algeria);

demand for water and resources

Summary: Recovering market conditions worldwide, but generally very unstable; huge pent-up demand.

Specialist foundation construction grows relative to construction market.

Energy sector becomes main booster – also because of energy turnaround (renewable

energies & reduction of energy consumption);

Middle East:

stable, especially

Abu Dhabi, Qatar,

Saudi Arabia

Eastern Europe:

slowly positive development,

especially Russia

Central Asia:

good market

potentials

USA / Canada:

public demand,

power plants, dams, etc.

14

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

-

+

+


Market environment Orders & Currency risks

2

Order backlog (Orders in hand) Currency Risks

Expected order intake

2012

Construction Germany

Construction International +

Equipment BAUER Maschinen GmbH –

Equipment Subsidiaries

Resources ++

-- weak - slightly weak adequate + well adequate ++ very well adequate

9M 2012 Reach in months

in relation to total

Group revenues

full year 2011

TOTAL

Construction

Equipment

Resources

EUR 775 million

EUR 473 million

EUR 141 million

EUR 161 million

6.8 months

9.8 months

2.6 months*

9.1 months

* incl. running small-type orders

Construction

Project size EUR 100,000 up to EUR 70 million

~ 50 / 50 infrastructure / large industrial buildings

~ 600 projects per year

Local financing (natural hedge) for project duration

Translation risk (consolidation) hedged

US$ business hedged, e.g. swaps

Equipment

~ 80 % of invoicing in EUR

US$ business hedged with permanent translation of

individual machines

Production expansion to US, China and others to

counteract currency risk Euro / US$ / RMB and

others


3 Regional breakdown Total Group revenues Jan – Sep 2012

in EUR million

Total 1,063 Africa 40 (4 %)

Americas 150 (14 %)

Asia-Pacific,

Far East & Australia

248 (23 %)

Middle East

& Central Asia 142 (14 %)

Germany 281 (26 %)

EU excl. Germany

109 (10 %)

Europe (other)

93 (9%)

in EUR million

Africa 67 (5 %)

Americas 191 (14 %)

Asia-Pacific,


292 (21 %)

Middle East

& Central Asia 171 (13 %)

Germany 370 (27 %)

EU excl. Germany

154 (11 %)

Europe (other)

127 (9 %)

Total 1,372

Full year 2011


3 Regional breakdown Construction, Equipment, Resources Jan – Sep 2012

Figures after deducting Other/Consolidation

Construction segment Equipment segment Resources segment

in EUR million

Total 473 Total 405 Total 185

Africa 20 (4 %)

Americas 65 (14 %)

Asia-Pacific,


161 (34 %)

Middle East &

Central Asia 48 (10 %)

Germany 117 (25 %)

EU excl. Germany

40 (8 %)

Europe (other)

22 (5 %)

Africa 8 (2 %)

Americas 80 (20 %)

Asia-Pacific,


86 (21 %)

Middle East &

Central Asia 25 (6 %)

Germany 83 (21 %)

EU excl. Germany

58 (14 %)

Europe (other)

65 (16 %)

Africa 11 (6 %)

Americas 5 (3 %)

Asia-Pacific,


2 (1 %)

Middle East & Central

Asia 69 (37 %)

Germany 80 (43 %)

EU excl. Germany

12 (7 %)

Europe (other)

6 (3 %)


Revenues (in EUR million)

Earnings (in EUR million)

Financials Revenues, earnings & orders

4

1,276

1,096

2011 9M 2011

1,600

1,200

800

400

0

1,304 1,132

84.4

42.0

100

75

50

25

0

88.4

39.8

Orders in hand (in EUR million)

508.9

800

600

400

200

0

614.9

Order intake (in EUR million)

2011 2012

297

283

293

240

303

446

293

1,113

2010

2010

2009

2009

368

1,410 +26.7 %

1,372

1,220

750.0

82.3

34.1

364

332

438

373

1,507

+6.9 %

Q1

Q2

Q3

Q4

1,009 1,063

875 934

9M 2012

2011 9M 2011 2010 2009 9M 2012

51.5

14.2

45.2

6.2

2011 9M 2011 2010 2009 9M 2012

740.0 775.1

341

-4.0 %

Total Group revenues Sales revenues

EBIT Net profit

389

358


Financials Working capital needs & net debt

4

Net debt (in EUR million)

Net

fin

an

cia

l

de

bt

Pe

ns

ion

s

446 520

46

49

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.

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.

Net working capital (in EUR million)

2009 2010

445 494

720

540

360

180

0

626

645

52

2011 9M 2011 9M 2012

645 738

2009 2010 2011 9M 2011 9M 2012

51

54

667 769


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

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).

Comparison with main contractor: they can finance

their company by a positive cash flow from jobs.

Resources segment:

- A mixture of the Construction and Equipment

segments.

Special items related to net debt 9M 2012:

- The special effects end of 2011 are still on-going and

keep net debt positions high.

- In the last quarter of 2012 we expect to be able to

lower the effects of last year.


Financials Revenues Q3 / 9M 2012

4



in EUR '000 Q3 2011 Q3 2012 ∆ Q3 in % 9M 2011 9M 2012 ∆ 9M in % FY 2011

Total Group revenues 369,076 361,672 -2.0% 1,008,941 1,063,207 5.4% 1,371,831

Sales revenues, Construction* 136,076 148,295 9.0% 375,321 431,518 15.0% 482,658

Sales revenues, Equipment* 121,534 124,070 2.1% 346,381 326,126 -5.8% 534,999

Sales revenues, Resources 67,137 55,982 -16.6% 152,891 175,896 15.0% 201,549

Sales revenues, Other 68 115 69.1% 276 351 27.2% 381

Sales revenues (external) 324,815 328,462 1.1% 874,869 933,891 6.7% 1,219,587

Consolidated revenues (P&L) 352,174 349,119 -0.9% 978,257 1,027,778 5.1% 1,327,085

Orders in hand 740,043 775,146 4.7% 749,968


Financials Earnings Q3 / 9M 2012

4

n/a not applicable (a) of sales revenues (b) pre-minorities



in EUR '000 Q3 2011 Q3 2012 ∆ Q3 in % 9M 2011 9M 2012 ∆ 9M in % FY 2011

EBITDA 44,151 49,490 12.1% 112,482 112,878 0.4% 164,496

Margin (a) 13.6% 15.1% n/a 12.9% 12.1% n/a 13.5%

EBIT 23,208 26,213 12.9% 51,509 45,222 -12.2% 82,300

EBIT margin (a) 7.1% 8.0% n/a 5.9% 4.8% n/a 6.7%

EBIT Construction segment* 6,624 9,687 46.2% 9,884 16,058 62.5% 17,631

EBIT margin, Construction segment (a) 4.9% 6.5% n/a 2.6% 3.7% n/a 3.7%

EBIT Equipment segment* 11,343 8,582 -24.3% 34,292 20,146 -41.3% 53,216

EBIT margin, Equipment segment (a) 9.3% 6.9% n/a 9.9% 6.2% n/a 9.9%

EBIT Resources segment 5,410 7,713 42.6% 8,223 8,687 5.6% 10,897

EBIT margin, Resources segment (a) 8.1% 13.8% n/a 5.4% 4.9% n/a 5.4%

Net income (b) 8,609 9,316 8.2% 14,172 6,236 -56.0% 34,115

Margin (a) 2.7% 2.8% n/a 1.6% 0.7% n/a 2.8%

Earnings per share (in EUR) 0.44 0.47 6.8% 0.70 0.34 -51.4% 1.86


Financials Income statement 9M 2012

4

in EUR '000 9M 2011 9M 2012 ∆ 9M in % FY 2011

Consolidated revenues (P&L) 978,257 1,027,778 5.1% 1,327,085

Sales revenues (P&L) 874,869 933,891 6.7% 1,219,587

Material costs -493,725 -518,265 5.0% -672,807

Personnel costs -222,274 -239,006 7.5% -298,761

Depreciation and amortization of fixed assets -48,743 -55,675 14.2% -66,287

Write-downs of inventories due to use -12,230 -11,981 -2.0% -15,909

Other operation expenses -149,776 -157,629 5.2% -191,021

EBIT 51,509 45,222 -12.2% 82,300

Financial income 9,479 2,588 -72.7% 6,624

Financial expenses -35,992 -36,407 1.2% -40,702

Result from associated entities -1,564 25 n/a -689

Profit before tax (EBT) 23,432 11,428 -51.2% 47,533

Income tax -9,260 -5,192 -43.9% -13,418

Net income 14,172 6,236 -56.0% 34,115

of which attributable to shareholders of Bauer AG 12,063 5,782 -52.1% 31,933

of which attributable to minority interest 2,109 454 -78.5% 2,182


Financials Balance sheet September 30, 2012

4

(a) Other provisions also include short term portion of pension provisions

in EUR '000 Sept. 30, 2011 Sept. 30, 2012 ∆ in % Dec 31, 2011

Assets 1,502,575 1,644,399 9.4% 1,487,450

Intangible assets 24,132 32,095 33.0% 30,303

Property, plant and equipment 444,988 469,931 5.6% 458,572

Long term financial assets 11,265 12,743 13.1% 18,635

Other long term assets & deferred taxes 30,127 26,474 -12.1% 26,285

Receivables from concession arrangements 45,421 44,215 -2.7% 43,975

Inventories 500,936 521,762 4.2% 470,646

Receivables and other assets 410,278 482,061 17.5% 409,301

Effective income tax refund claims 3,913 7,423 89.7% 4,786

Cash and cash equivalents 31,515 47,695 51.3% 24,947

Equity and liabilities 1,502,575 1,644,399 9.4% 1,487,450

Equity 443,314 468,785 5.7% 470,434

Pension provisions 49,247 52,121 5.8% 49,858

Non-current liabilities 368,818 470,461 27.6% 413,027

Current liabilities 612,285 631,258 3.1% 529,692

Other provisions (a)

/ tax 28,911 21,774 -24.7% 24,439


Financials Cash flow statement 9M 2012

4

in EUR '000 9M 2011 9M 2012 ∆ 9M in % FY 2011

Operating cash flow -58,793 -21,569 n/a 8,459

Investing cash flow -50,977 -62,461 n/a -84,656

Financing cash flow 115,423 107,769 -6.6% 73,466

Free Cash Flow -109,770 -84,030 n/a -76,197

Changes in liquid funds affecting payments 5,653 23,739 n/a -2,731

Influence of exchange rate movements on cash -1,751 -991 n/a 65

Total change in liquid funds 3,902 22,748 n/a -2,666

Cash at beginning of reporting period 27,613 24,947 -9.7% 27,613

Cash at end of reporting period 31,515 47,695 51.3% 24,947


Guidance 2012 Top-line growth with a decrease in profitability

5

2011* 2011 final 2012e

Total Group Revenues ~ 1,350 EUR million 1,372 EUR million ~ 1,450 EUR million

EBIT ~ 80 EUR million 82.3 EUR million ~ 76 EUR million

Net profit > 30 EUR million 34.1 EUR million 25 - 30 EUR million

Presidential Palace – Abu Dhabi, U.A.E In-house exhibition, Schrobenhausen Water treatment plant – Nimr, Oman

* Guidance published October 31, 2011


Appendix

Equipment programme C

Resources projects D

History of Bauer A

E Market environment Germany

F BAUER share

Construction projects B

p. 27

p. 29

p. 34

p. 39

p. 42

p. 43

G Key Figures Time Line p. 45


1790 · 1900 · 1902 · 1928 · 1948 · 1956 · 1958 · 1967 · 1969 · 1972 · 1975 · 1976 · 1984 · 1990 · 1992 · 1994 · 1998 · 2001 · 2011

History of Bauer Two centuries of experience

End of 1970’s:

Start of

internationalisation

Early 1990’s:

Build up of

specialist construction/

environmental business

FY 2011:

Total Group

revenues

EUR 1.372

billion,

9,646

employees

4. Jul 2006:

IPO

Sept 2006:

Admittance in

SDAX

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 2000-2011


A Bauer’s home base Headquarters and plant Schrobenhausen, Germany


B Construction Hong Kong – Cutter works for “Express Rail Link”


Construction Kuala Lumpur, Malaysia – Cutter works for underground station

B


Construction Munich, Germany – Tunnel for Mittlerer Ring

B


Construction Lenggries, Germany – Strengthening works on Sylvenstein dam

B


Equipment BAUER Maschinen Group – In-House Exhibition 2012

C


Equipment Product range: Drilling rigs (BG-systems)

C

ValueLine The BG ValueLine is a fully dedicated Kelly drilling rig. • Long mast for more drilling depth • Increased drill axis distance for larger

drilling diameter • High line pull of winches • Increased torque • Fuel-efficient diesel engine

PremiumLine The BG PremiumLine comprises multi-purpose drilling rigs for various applications of foundation works. • TIER IVi engines for all rights (optional) • Main winch with high line pull and wide

winch drum • Most advanced electronic systems • Variably stackable counterweight elements • Safety rails upper level and walkway

lower level with rails

The ValueLine and the

PremiumLine were introduced as

two product lines with the goal of

even better satisfying various

requirements of customers. Both

lines of drilling rigs have some basic

principles in common, which are

dealt with utmost priority, such as:

Quality

economic efficiency and

performance

service friendliness

highest safety levels

environmental awareness

long life expectancy


C Equipment Product range: Foundation Cranes

MC 128 MC 96 MC 32


C Equipment Product range: Deep Drilling

RB 50 TBA 100 TBA

300/440

M1


Resources Materials Division

D

Amman, Jordan – Drilling works and installation of production wells


Resources Exploration and Mining Services Division

D

Jordan – Oil shale exploration Oil drilling rig of Site Goup

Canada – Diavik Mine


Resources Environment Division

D

Oman – Reed Bed Water Treatment Plant

One third of total area visible


West-

Germany

Employees in 1000 549.1 185.1 -44.3 2.7 -0.2 -58.6 2.2 -2.9

Revenues in EUR billion 71.2 21.0 -10.0 12.1 2.5 -32.0 14.1 -1.5

Building construction 46.4 11.5 -11.2 13.7 4.4 -43.3 13.2 1.7

Foundation engineering 24.8 9.6 -6.2 9.2 -1.3 -11.8 15.2 -5.5

Orders received *

in EUR billion

Housebuilding 7.9 1.6 -51.4 18.5 11.2 -65.9 34.3 11.4

Industrial building 17.5 5.1 -14.4 13.9 8.1 -48.3 9.8 -1.5

Public sector

of which

public buildings 2.8 0.9 -43.2 -11.8 -3.6 -59.8 4.6 13.3

road building 6.7 2.2 -1.3 0.1 11.0 -27.1 -3.6 0.2

underground structures 4.8 1.5 -45.9 -4.5 11.6 -55.0 -8.5 11.9

*) only companies > 20 employees

Jan-Aug

Change in %

West Germany East Germany

2011/2011/

1994 2010

East-

Germany

2011/

39.7 11.4

2012/2011August 2012 2011/ Jan-Aug

2012/2011

3.5-30.5

1994

8.8

2010

7.6 -53.9

-3.8 6.5-30.4 -3.9

6.5

Absolute Figures

2011

8.4 -46.914.2 4.6

Market environment – Germany German construction market

E

Source: Federal Statistical Office, Statistical Office Bavaria


BAUER share Facts & Figures

5

Bauer family

48.19 %

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

Listed in SDAX (MDAX from 22.09.2008 to 19.09.2010)

Shareholder structure

Share performance (Jan. – Oct. 2012)

SDAX

DAX

Trading volume

BAUER AG

in EUR 2008 2009 2010 2011 2012

Earnings per share 6.09 2.28 2.04 1.86 ---

Share price year end 29.45 29.25 35.30 21.10 ---

Share price highest 70.12 34.45 36.81 38.49 26.50

Share price lowest 17.64 20.64 27.38 16.04 16.19

Market Cap (in EUR million)

504.5 501.1 604.7 361.5 ~ 290


BAUER share Dividend policy

5

2009

Dividend payment (in EUR per share)

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 slightly 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


G Key Figures Time Line Q3 2009 – Q3 2012

Total Group Revenues

(in EUR million)

BAUER Group 263.5 331.3 1,275.8 261.0 331.9 369.7 341.4 1,304.0 307.4 332.4 369.1 362.9 1,371.8 340.0 361.6 361.7

Construction 127.7 169.1 570.0 125.1 167.7 176.5 146.1 615.4 124.4 146.1 164.0 147.6 582.1 156.9 163.4 163.7

Equipment 106.4 126.9 608.5 113.2 138.8 160.3 169.4 581.7 159.8 154.7 153.9 192.6 661.0 140.7 150.6 153.0

Resources 50.8 49.1 174.3 35.6 41.7 47.3 53.1 177.7 39.1 56.4 67.2 48.8 211.5 58.1 65.5 67.7

Sales Revenues

(in EUR million)

BAUER Group 248.2 314.3 1,096.5 216.0 313.1 315.3 287.3 1,131.7 255.4 294.7 324.8 344.7 1,219.6 286.2 319.2 328.5

Construction 122.6 140.2 487.9 114.0 141.6 155.4 94.8 505.8 112.8 126.5 136.1 107.3 482.7 138.8 144.4 148.3

Equipment 84.2 128.7 456.5 69.9 132.2 118.9 148.3 469.3 108.2 116.7 121.5 188.6 535.0 93.6 108.4 124.1

Resources 41.5 45.4 152.0 32.0 39.3 41.0 44.1 156.4 34.4 51.4 67.1 48.6 201.5 53.6 66.3 56.0

EBIT

(in EUR million)

BAUER Group 15.1 24.4 84.4 5.6 21.6 28.6 32.6 88.4 6.7 21.6 23.2 30.8 82.3 6.2 12.8 26.2

Construction 7.6 5.2 25.7 2.9 6.7 12.9 6.3 28.8 -1.3 4.5 6.6 7.7 17.6 2.2 4.2 9.7

Equipment 5.6 12.6 51.3 2.6 13.7 11.6 20.4 48.3 9.2 13.7 11.4 18.9 53.2 4.9 6.7 8.6

Resources 2.2 3.2 6.0 0.1 1.5 3.3 3.2 8.1 -0.6 3.4 5.4 2.7 10.9 -0.6 1.6 7.7

EBIT margin

(in %)

BAUER Group 6.1% 7.8% 7.7% 2.6% 6.9% 9.1% 11.3% 7.8% 2.6% 7.3% 7.1% 8.9% 6.7% 2.2% 4.0% 8.0%

Construction 6.2% 3.7% 5.3% 2.5% 4.7% 8.3% 6.6% 5.7% -1.2% 3.6% 4.8% 7.2% 3.6% 1.6% 2.9% 6.5%

Equipment 6.7% 9.8% 11.2% 3.7% 10.4% 9.8% 13.8% 10.3% 8.5% 11.7% 9.4% 10.0% 9.9% 5.2% 6.2% 6.9%

Resources 5.3% 7.0% 3.9% 0.3% 3.8% 8.0% 7.3% 5.2% -1.7% 6.6% 8.0% 5.6% 5.4% -1.1% 2.4% 13.8%

Q3 12Q1 12

Q2 12 Q3 12

Q3 12

Q3 12

Q2 12

Q2 12

Q2 12

2011

2011

2011

2011

Q1 12

Q1 12

Q1 12

Q4 10

2010 Q4 11

Q2 112010

Q2 11

Q2 10 Q3 10 Q4 10Q3 09 Q4 09 2009

Q1 11

Q1 11

Q2 11

Q2 11

Q4 09 2009 Q1 10 Q2 10

Q1 11

Q1 11

Q1 10 Q2 10

Q3 09

Q1 10

2009 Q1 10Q3 09 Q4 09

Q4 11

2010 Q4 11

2010 Q4 11

Q3 09 Q4 09 2009

Q3 10

Q3 11

Q3 11

Q3 11

Q3 11

Q2 10 Q3 10 Q4 10

Q3 10 Q4 10


Investor Relations

BAUER Aktiengesellschaft Tel.: +49 8252 97-1218

BAUER-Straße 1 Fax: +49 8252 97-2900

86529 Schrobenhausen

[email protected]

Germany www.bauer.de

BAUER Aktiengesellschaft

Financial calendar 2013

Publication Annual Report 2012 April 11, 2013

Annual Press Conference April 11, 2013

Analyst Conference April 11, 2013

Annual General Meeting June 27, 2013

Interim Report to March 31, 2013 May 15, 2013

Half-Year Interim Report to June 30, 2013 August 14, 2013

Interim Report to September 30, 2013 November 14, 2013

ISIN DE0005168108

Reuters B5AG.DE

Bloomberg B5A GR

Listing SDAX, CDAX, GEX,

Classic All Share

Prime All Share

DAXplus Family


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.

BAUER Aktiengesellschaft...2014/12/11 · 12-08-14 IR-Presentation_9M_2012 © BAUER AG, D-86529 Schrobenhausen 2Total Group revenues (in EUR million) 1,600 1,200 800 400 0 Orders

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