IR presentation Q1/2014 - BAUER...2014/11/14 · 14-11-14 IR-Presentation_9M_2014 © BAUER AG, D-86529 Schrobenhausen 2Key Figures 9M 2014 48 36 24 12 0 2011 2012 2013 9M 2013* 9M

© BAUER AG, D-86529 Schrobenhausen 14-11-14 IR-Presentation_9M_2014

BAUER AG

Group Presentation

First nine months 2014

Cut-off wall for flood prevention – Rennersdorf, Germany

© BAUER AG, D-86529 Schrobenhausen 14-11-14 IR-Presentation_9M_2014 2

Key Figures 9M 2014

48

36

24

12

0

2011 2012 2013 9M 2013* 9M 2014

2011 2012 2013 9M 2013 9M 2014 2011 2012 2013 9M 2013 9M 2014

2011 2012 2013 9M 2013 9M 2014

1,372 1,436 1,104 1,163 34.1 25.8 -19.4 -21.4

750.0 785.0 765.2 836.7 9,646 10,253 10,264 10,256

Total Group revenues

Orders in hand

Net profit

Employees

in EUR million in EUR million

in EUR million in average

1,600

1,200

800

400

0

880

660

440

220

0

12,000

9,000

6,000

3,000

0

1,504

780.8 10,389

-5.0

-12

-24

*Previous years figures adjusted


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 3 to 8 % per year.

MC 96 with cutter – Kuala Lumpur, Malaysia


Total Group revenues with EUR 1,163.2 million were 5.4 % above previous year (EUR 1,103.9 million).

EBIT with EUR 38.3 million was considerably higher than in the previous year with EUR 12.6 million.

Revenues of the Construction segment decreased by 1.7 % to EUR 533.3 million. EBIT with EUR 20.3

million raised against the previous year comparative of EUR 18.0 million.

The Equipment segment saw revenues of EUR 507.5 million, which is 11.4 % higher than in the previous

year (EUR 455.5 million). EBIT was EUR 25.9 million (previous year: EUR 13.3 million).

Revenues of the Resources segment increased from EUR 146.5 million by 9.6 % to EUR 160.6 million.

EBIT of the segment amounted to EUR -5.7 million (previous year: EUR -19.7 million).

The net loss for the first nine month with EUR -5.0 million was caused by some special effects, like the

loss made on our dam project in the USA, which continues to burden Group’s earnings, and the loss of

the Resources segment.

Order backlog with EUR 780.8 million (previous year: EUR 836.7 million) is on a reasonable level.

The full-year forecast predicting total Group revenues of around EUR 1.55 billion, and EBIT of around

EUR 75 million remain unchanged. We estimate after-tax profit will reach the lower end of the range of

EUR 15 to 20 million.

Main topics

Key Figures 9M 2014


Key Figures 9M 2014

9M 2013*

in EUR million

9M 2014

in EUR million

∆ 9M

in %

Total Group revenues, of which

- Germany

- International

- Construction

- Equipment

- Resources

- Consolidation / Other

1,103.9

336.9

767.0

542.7

455.5

146.6

-40.9

1,163.2

348.7

814.5

533.3

507.5

160.6

-38.2

5.4 %

3.5 %

6.2 %

-1.7 %

11.4 %

9.6 %

n/a

Sales revenues 968.6 1,013.7 4.7 %

Orders received 1,155.6 1,178.8 2.0 %

Orders in hand 836.7 780.8 -6.7 %

EBITDA 80.6 105.9 31.4 %

EBIT 12.6 38.3 n/a

EBIT margin in % (of sales revenues) 1.3 3.8 n/a

Net income -21.4 -5.0 n/a

Earnings per share in EUR -0.86 -0.36 n/a

Equity ratio in % 25.5 24.1 n/a

Number of employees (average over the year) 10,256 10,389 1.3 %



Contents

Regional breakdown of revenues 3

Financials 4

Overview BAUER Group 1

BAUER market environment 2

p. 7

p. 14

p. 17

p. 19

5 Guidance 2014

6 Appendix

p. 26

p. 27


1 BAUER Group The three segments

7 © 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


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 competence areas

1

Environment Exploration & Mining

Services

Materials

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


in EUR million (segment after decucting Other/Consolidation)

11

1

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

Resources

196

Equipment

591

Construction

Overseas

532

Total 1,504

Construction

Domestic

185

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 KSM,

Kurgan, Russia

BAUER Equipment Malaysia

Shah Alam, Malaysia

BAUER Tianjin Technologies,

Tianjin, China

BAUER Group, plant Aresing 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

projects currently under construction and 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. TBA 440 M2 – Deep drilling rig


BAUER Group Challenges of the world provide chances for the company

1

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


+

World construction markets Bauer market potential

2

15

-

Western Europe:

weak 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: Growing construction markets 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, Saudi Arabia;

Qatar many projects

Eastern Europe:

slowly positive development,

Russia is difficult to predict

Central Asia:

good market

potentials

USA / Canada:

public demand,

power plants, dams, etc.

15

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

-

+

+


2

16

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

Quelle: International Monetary Fund, World Economic Outlook Database, October 2014 * CIS = Commonwealth of Independent States (incl. Georgia)

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015 2014 2015 2014 2015

7,4 7,1

2014 2015

2014 2015

China

6,5 6,6

2014 2015

2,8 2,9

1,8 2,3

1,4 1,8

1,4 1,5

0,8 1,6

0,2 0,5

3,3 3,8

1,3 2,2

0,3 1,4

1,8 2,3

5.1 5.8

2,7 3,9

4,4 5,0

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


Market environment Orders & Currency risks

2

Order backlog (Orders in hand) Currency Risks

Expected order intake

2014

Construction Germany +

Construction International +

Equipment BAUER Maschinen GmbH

Equipment Subsidiaries +

Resources

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

9M 2014 Reach in months

in relation to total

Group revenues

full year 2013

TOTAL

Construction

Equipment

Resources

EUR 780.8 million

EUR 465.9 million

EUR 142.7 million

EUR 172.2 million

6.2 months

7.6 months

2.7 months*

10.9 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

USD business hedged, e.g. swaps

Equipment

~ 70 % of invoicing in EUR

USD business hedged with permanent translation of

individual machines

Production expansion to US, China and others to

counteract currency risk EUR / USD / RMB and

others


in EUR million

Total 1,163

Africa 51 (4 %)

America 130 (11 %)

Asia-Pacific,

Far East & Australia

276 (24 %)

Middle East

& Central Asia 148 (13 %)

Germany 348 (30 %)

EU excl. Germany

107 (9 %)

Europe (other)

103 (9 %)

3 Regional breakdown Total Group revenues 9M 2014

in EUR million

Africa 58 (4 %)

America 186 (12 %)

Asia-Pacific,


364 (25 %)

Middle East


Germany 410 (27 %)

EU excl. Germany

168 (11 %)

Europe (other)

155 (10 %)

Total 1,504

Full year 2013 (adjusted)

© BAUER AG, D-86529 Schrobenhausen 14-11-14 IR-Presentation_9M_2014 19 Figures after deducting Other/Consolidation

in EUR million

Total 528 Total 481 Total 154

Construction segment Equipment segment Resources segment

Africa 41 (8 %)

America 48 (9 %)

Asia-Pacific,


150 (29 %)

Middle East


Germany 145 (27 %)

EU excl. Germany

28 (5 %)

Europe (other)

52 (10 %)

Africa 7 (1 %)

America 76 (16 %)

Asia-Pacific,


124 (26 %)

Middle East


Germany 113 (24 %)

EU excl. Germany

65 (13 %)

Europe (other)

47 (10 %)

Africa 3 (2 %)

America 6 (4 %)

Asia-Pacific,


2 (1 %)

Middle East

& Central Asia

35 (22 %)

Germany 90 (59 %)

EU excl. Germany

14 (9 %)

Europe (other)

4 (3 %)

3 Regional breakdown Construction, Equipment, Resources 9M 2014


Revenues

Earnings

Financials Revenues, earnings & orders

4

2013 9M 2013

1,600

1,200

800

400

0

100

75

50

25

0

Orders in hand

880

660

440

220

0

Order intake

2013 2014

2012

2012

2011

2011

1,372

1,220

750.0

82.3

34.1

364

332

438

373

1,507

Q1

Q2

Q3

Q4

1,436 1,344

9M 2014

2013 9M 2013 2012 2011 9M 2014

72.0

25.8

2013 9M 2013 2012 2011 9M 2014

785.0 765.2

349

Total Group revenues Sales revenues

EBIT Net profit

in EUR million

in EUR million in EUR million

in EUR million

1,104 969

1,163

1,014

836.7

30.1

12.6

-19.4

342

389

358

392

1,471 +1.0 %

+2.0 %

456

351

-25

1,504 1,402 780.8

-21.4

38.3

-5.0

-1.7 %

329

1,485

334

424

421


Financials Revenues, earnings & orders per segment

4 C

on

str

uc

tio

n

Eq

uip

me

nt

Re

so

urc

es


in EUR '000 Q3 2013* Q3 2014 ∆ Q3 in % 9M 2013* 9M 2014 ∆ 9M in % FY 2013*

Total Group revenues 145,758 186,148 27.7 % 455,540 507,488 11.4 % 628,661

Sales revenues 127,547 147,383 15.6 % 357,068 370,950 3.9 % 561,615

Orders in hand 162,137 142,720 -12.0 % 116,525

EBIT 7,540 12,720 68.7 % 13,311 25,894 94.5 % 32,223

EBIT margin (in %) 5.9 8.6 n/a 3.7 7.0 n/a 5.7

Net profit 1,901 4,434 n/a -3,402 4,341 n/a 5,055


Total Group revenues 196,631 181,805 -7.5 % 542,730 533,253 -1.7 % 731,274

Sales revenues 182,324 163,503 -10.3 % 474,409 492,112 3.7 % 657,920

Orders in hand 497,675 465,917 -6.4 % 498,701

EBIT 15,066 12,900 -14.4 % 17,994 20,318 12.9 % 21,827

EBIT margin (in %) 8.3 7.9 n/a 3.8 4.1 n/a 3.3

Net profit 3.784 4,096 8.2 % 3,988 2,435 -38.9 % 5,472


Total Group revenues 52,936 59,615 12.6 % 146,540 160,571 9.6 % 199,211

Sales revenues 51,376 57,168 11.3 % 136,748 150,334 9.9 % 182,115

Orders in hand 176,920 172,203 -2.7 % 150,020

EBIT -17,189 -2,378 n/a -19,695 -5,659 n/a -24,582

EBIT margin (in %) -0.2 -2.3 n/a n/a -3.8 n/a -13.5

Net profit -19,377 -4,330 n/a -23,890 -10,983 n/a -31,444


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

2011 2012

800

600

400

200

0

625

645

52

2013 9M 2013 9M 2014

580 605

2011 2012 2013 9M 2013 9M 2014

82 84

611 672 781

106

in EUR million

in EUR million

717

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.

736

85

778


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 2014

4


in EUR '000 9M 2013* 9M 2014 ∆ 9M in % FY 2013*

Consolidated revenues (P&L) 1,051,941 1,136,422 8.0% 1,444,561

Sales revenues (P&L) 968,587 1,013,687 4.7% 1,404,169

Material costs -556,027 -600,828 8.1% -755,906

Personnel costs -257,466 -265,171 3.0% -342,815

Depreciation and amortization of fixed assets -59,446 -57,429 -3.4% -79,696

Write-downs of inventories due to use -8,567 -10,143 18.4% -14,196

Other operation expenses -157,819 -164,559 4.3% -224,827

EBIT 12,616 38,292 n/a 27,121

Financial income 6,276 3,944 n/a 7,729

Financial expenses -35,709 -35,817 0.3% -45,541

Result from associated entities 310 -263 n/a 4,734

Profit before tax (EBT) -16,507 6,156 n/a -5,957

Income tax -4,862 -11,109 n/a -13,474

Net income -21,369 -4,953 n/a -19,431

of which attributable to shareholders of BAUER AG -14,734 -6,106 n/a -16,927

of which attributable to minority interest -6,635 1,153 n/a -2,504


Financials Balance sheet September 30, 2014

4

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

in EUR '000 Sept. 30, 2013* Sept. 30, 2014 ∆ in % Dec 31, 2013*

Assets 1,653,672 1,699,628 2.8% 1,585,218

Intangible assets 31,857 33,871 6.3% 35,388

Property, plant and equipment 461,864 442,649 -4.2% 459,537

Long term financial assets 23,304 22,921 -1.6% 21,684

Other long term assets & deferred taxes 40,467 41,970 3.7% 33,863

Receivables from concession arrangements 37,395 40,065 7.1% 36,762

Inventories 477,743 487,359 2.0% 419,352

Receivables and other assets 528,393 574,231 8.7% 517,978

Effective income tax refund claims 4,974 2,647 -46.8% 3,437

Cash and cash equivalents 47,675 53,915 13.1% 57,217

Equity and liabilities 1,653,672 1,699,628 2.8% 1,585,218

Equity 420,867 410,202 -2.5% 419,411

Pension provisions 83,273 104,268 25.2% 81,637

Non-current liabilities 377,976 473,646 25.3% 300,708

Current liabilities 746,848 683,138 -8.5% 757,079

Other provisions (a)

/ tax 24,708 28,374 14.8% 26,383


Financials Cash flow statement 9M 2014

4

in EUR '000 9M 2013 9M 2014 ∆ 9M in % FY 2013

Operating cash flow -103,759 -22,625 -78.2% 38,416

Investing cash flow -48,993 -24,686 -49.6% -67,153

Financing cash flow 148,174 41,315 -72.1% 43,576

Free Cash Flow -152,752 -47,311 -69.0% -28,737

Changes in liquid funds affecting payments -4,578 -5,996 n/a 14,839

Influence of exchange rate movements on cash 7,021 2,694 -61.6% -2,854

Total change in liquid funds 2,443 -3,302 n/a 11,985

Cash at beginning of reporting period 45,232 57,217 26.5% 45,232

Cash at end of reporting period 47,675 53,915 13.1% 57,217


Guidance 2014 Top-line growth with an increase in profitability

5

2013e* 2013 final 2014e

Total Group Revenues ~ 1,500 EUR million 1,504 EUR million ~ 1,550 EUR million

EBIT ~ 25 EUR million 30.1 EUR million ~ 75 EUR million

Net profit ~ -20 EUR million -19.4 EUR million at lower end of

15-20 EUR million

Lakhta Tower – St. Petersburg, Russia Water treatment plant – Nimr, Oman

* Guidance published October 28, 2013

In-house exhibition 2014 – Schrobenhausen


Appendix

Equipment programme C

Resources projects D

History of Bauer A

E Market environment Germany

F BAUER share

Construction projects B

p. 28

p. 30

p. 35

p. 40

p. 43

p. 44

G Key Figures Time Line p. 46


1790 · 1900 · 1902 · 1928 · 1948 · 1956 · 1958 · 1967 · 1969 · 1972 · 1975 · 1976 · 1984 · 1990 · 1992 · 1994 · 1998 · 2001 · 2013

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 2013:

Total Group

revenues

EUR 1.506

billion,

10,264

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 2000-2013


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


Construction St. Petersburg, Russia – Foundation works for Lakhta Tower

B


Construction Hong Kong – Foundation of Hong Kong-Zhuhai-Macau bridge

B


B Construction Panama City, Panama – Pile foundation for Alta Terra project


Construction Germany – Schwarzkopf tunnel bypass

B


Equipment Product range: Drilling rigs (BG-systems) – ValueLine

C

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

BG 30 BG 38 BG 20


Equipment Product range: Drilling rigs (BG-systems) – PremiumLine

C

BG 42 BG 50 BG 20

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


C Equipment Product range: Foundation Cranes

MC 128 MC 96 MC 64


C Equipment Product range: Deep Drilling

RB 50 TBA 100 TBA

440 M1


C Equipment Product range: Underwater Drilling


Resources Materials

D

Amman, Jordan – Drilling works and installation of production wells


Resources Exploration and Mining Services

D

Oil drilling rig of Site Goup Tulves, South Tyrol

Canada – Diavik Mine


Resources Environment

D

Oman – Reed Bed Water Treatment Plant

One third of total area visible


West-

Germany

Employees in 1000 573.1 183.3 -38.3 2.1 -2.1 -62.0 -0.5 -2.2

Revenues in EUR billion 75.1 20.3 -5.2 1.2 4.5 -45.8 -1.9 4.7

Building construction 49.8 11.6 -7.9 2.3 4.7 -53.4 1.8 4.8

Foundation engineering 25.4 8.8 -0.5 -1.0 4.1 -31.0 -6.3 4.3

Orders received *

in EUR billion

Housebuilding 9.1 1.9 -29.0 9.4 3.4 -74.0 8.4 3.2

Industrial building 19.4 5.0 -3.4 5.8 2.2 -58.1 3.1 2.8

Public sector

of which

public buildings 2.8 1.0 -30.9 -3.1 -0.6 -55.0 8.8 -1.8

road building 7.6 2.4 23.0 7.5 2.4 -8.7 1.1 0.5

underground structures 5.8 1.5 -27.2 17.0 -6.4 -51.1 6.1 -5.5

*) only companies > 20 employees

Absolute Figures

2013

-1.3 -38.116.2 4.9 4.3 -2.0-11.0 8.6

4.3

2014/2013

1.0-12.5

1995

1.1

2011

7.5 -56.944.7 11.8

2014/2013August 2014 2012/ Jan-Aug

1995 2011

East-

Germany

2013/ Jan-Aug

Change in %

West Germany East Germany

2012/2013/

Market environment – Germany German construction market

E

Source: Federal Statistical Office, Statistical Office Bavaria


BAUER share Facts & Figures

F

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 (01/2014 – 11/2014)

SDAX

DAX

Trading volume

BAUER AG

in EUR 2010 2011 2012 2013 2014

Earnings per share 2.04 1.86 1.44 -0.99 ---

Share price year end 35.30 21.10 19.32 18.81 ---

Share price highest 36.81 38.49 26.50 23.05 20.04

Share price lowest 27.38 16.04 16.13 17.33 11.75

Market Cap (in EUR million)

604.7 361.5 331.0 322.2 ~220


BAUER share Dividend policy

F

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 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


G Key Figures Time Line Q3 2011 – Q3 2014

* Figures 2013 adjusted

Total Group Revenues

(in EUR million)

BAUER Group 1,527.2 1,275.8 1,304.0 369.1 362.9 1,371.8 340.0 361.6 361.7 372.5 1,435.8 330.7 390.7 382.6 400.2 1,504.2 378.1 749.2 1,163.2

Construction 700.9 570.0 615.4 164.0 172.1 606.6 156.9 163.4 163.7 171.2 655.2 153.5 192.7 183.0 202.1 731.3 176.5 351.4 533.3

Equipment 780.1 608.5 581.7 153.9 168.1 636.5 140.7 150.5 153.0 144.9 589.1 152.4 157.4 163.9 155.1 628.7 165.8 321.3 507.5

Resources 135.1 174.3 177.7 67.2 48.8 211.5 58.1 65.5 67.7 71.5 262.8 39.1 54.6 53.2 52.3 199.2 48.4 101.0 160.6

Sales Revenues

(in EUR million)

BAUER Group 1,290.8 1,096.5 1,131.7 324.8 344.7 1,219.6 286.2 319.2 328.5 410.5 1,344.4 262.6 344.7 361.2 433.7 1,402.2 313.4 645.5 1,013.7

Construction 584.3 487.9 505.8 136.0 130.8 506.2 138.8 144.4 148.3 147.6 579.1 124.4 167.7 182.4 183.4 657.9 165.9 328.6 492.1

Equipment 601.2 456.5 469.3 121.5 165.0 511.4 93.6 108.4 124.1 194.5 520.6 104.1 125.5 127.5 204.5 561.6 104.8 223.6 371.0

Resources 105.1 152.0 156.4 67.1 48.6 201.5 53.6 66.3 56.0 68.4 244.3 34.0 51.4 51.4 45.3 182.1 42.5 93.2 150.3

EBIT

(in EUR million)

BAUER Group 167.5 84.4 88.4 23.2 30.8 82.3 6.4 13.0 26.3 26.3 72.0 2.3 5.1 5.3 17.4 30.1 4.9 13.6 38.3

Construction 46.3 25.7 28.8 6.6 8.0 17.9 2.3 4.2 9.7 5.8 22.0 0.3 2.6 15.5 3.4 21.8 1.4 7.4 20.3

Equipment 118.3 51.3 48.3 11.3 18.7 53.0 5.0 6.8 8.6 13.6 34.0 3.8 2.0 7.5 18.9 32.2 5.6 13.2 25.9

Resources 4.0 6.0 8.1 5.4 2.7 10.9 -0.6 1.6 7.7 6.5 15.2 -2.4 -0.1 -17.6 -4.5 -24.6 -2.1 -3.3 -5.7

EBIT margin

(in %)

BAUER Group 13.0% 7.7% 7.8% 7.1% 8.9% 6.7% 2.3% 4.1% 8.0% 6.4% 5.4% 0.9% 1.5% 1.5% 4.0% 2.1% 1.6% 2.1% 3.8%

Construction 7.9% 5.3% 5.7% 4.9% 6.1% 3.5% 1.7% 2.9% 6.5% 3.9% 3.8% 0.2% 1.6% 8.5% 1.9% 3.3% 0.8% 2.3% 4.1%

Equipment 19.7% 11.2% 10.3% 9.3% 11.3% 10.4% 5.3% 6.3% 6.9% 7.0% 6.5% 3.7% 1.6% 5.9% 9.2% 5.7% 5.3% 5.9% 7.0%

Resources 3.8% 3.9% 5.2% 8.0% 5.6% 5.4% -1.1% 2.4% 13.8% 9.5% 6.2% -7.1% -0.2% -34.2% -9.9% -13.5% -4.9% -3.5% -3.8%

Q4 13 2013

Q1 14

Q1 14

Q2 14

Q2 14

Q3 14

Q3 14

Q3 13 Q4 13 2013

Q1 14

Q1 14

Q2 14

Q2 14

Q4 13 2013

Q3 13 Q4 13 2013

Q3 13 Q3 14

Q3 14Q2 13

Q2 13

Q2 13Q3 12

Q4 12

2012

2012

2012 Q3 13Q1 12

2011

2011

Q4 11

Q2 13Q1 12

Q1 12

Q1 12

2011

2010 Q4 11

Q4 11

2009

20092008

2008

2009

2008

2008

2009

Q3 11

Q3 11

Q3 11

Q3 112010

2010

2010 Q4 11

2011

Q2 12 Q3 12

Q2 12

Q2 12

Q2 12

Q4 12

Q3 12 Q4 12

Q3 12

Q4 12

Q1 13

Q1 13

Q1 13

Q1 13

2012


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 2015

Publication Annual Report 2014 April 10, 2015

Annual Press Conference April 10, 2015

Analyst Conference April 10, 2015

Annual General Meeting June 25, 2015

Interim Report to March 31, 2015 May 13, 2015

Half-Year Interim Report to June 30, 2015 August 14, 2015

Interim Report to September 30, 2015 November 13, 2015

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ISIN DE0005168108

Reuters B5AG.DE

Bloomberg B5A GR


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...2014/11/14 · 14-11-14 IR-Presentation_9M_2014 © BAUER AG, D-86529 Schrobenhausen 2Key Figures 9M 2014 48 36 24 12 0 2011 2012 2013 9M 2013* 9M

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