Dietmar Bichler, CEO · 2019-02-06 · Powertrain and lighweight Safety Driver assistance and...

10th Capital Market Day

Comment on first half FY 2014/2015

Dietmar Bichler, CEO

Ehningen, 20 May 2015

Agenda

1. Business conditions

2. Market conditions for Bertrandt

3. Key figures for the first half of fiscal year 2014/2015

4. Outlook

10th Capital Market Day | Bertrandt AG, May 2015 2015-05 | BI 1

Business conditions

Global economic recovery

Sharp drop in crude oil price

Depreciation in euro exchange rate

Upturn in advanced economies, pace of growth

in emerging economies remains measured

Experts anticipate Germany's GDP

growing by 2.1 percent in 2015

Source: Joint Economic Forecast Project Team “Joint Economic Forecast Spring 2015“


Automotive industry

0

20

40

60

80

100

120

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Source: VDA, OICA, Scotia Bank, Deutsche Bank | NAFTA and World incl. Light Trucks

World

BRIC

NAFTA

Car sales

(millions of units) actual estimated

Western Europe


2014 2033

Civil aviation

6,105

37,463

Source: Airbus „Global Market Forecast 2014 to 2033“ | Passenger aircraft ≥100 seats, Freighter aircraft ≥10 tonnes

Fleet in service

18,460

12,355

19,003

Replaced

Stay in service

and converted

Growth

Demand for

31,358

new aircraft


Technological key sectors

Source: CESifo Group Munich

Industrial

economy

Manufacturing

industry

0

5

10

15

20

25


Ifo

Business Climate Index

Germany(Balances, seasonally adjusted)

Agenda




4. Outlook


294303

317326 333 339

2014 2015 2016 2017 2018 2019

Model diversity increases

Source: Internal calculation | Series including derivatives (Station Wagon, Coupe etc.), no facelifts, no special variants (AMG GmbH/M-GmbH/quattro GmbH)

45 new models without predecessor

Automotive


Potentials in automotive industry

Automotive industry continues

high spending on R&D

Outsourcing in EU shall rise

by 19 percent until 2020

Technological trends in line

Green mobility

Powertrain and lighweight

Safety

Driver assistance and connectivity

Model/variant diversity

Modul and plattform strategies

Source: Roland Berger Strategy Consultants | VDA | Berylls

Automotive

6.2

7.4

0

2

4

6

8

10

2014 2020


European market for engineering

services in the automotive industry(EUR billion)

Regulation increases technological pressure

132

94

75*

2012 2021 2025*

178

132

101*

2012 2021 2025*

169

116

95*

2012 2021 2025*

CO2 targets of major car markets

(g/km)

Source: Roland Berger Strategy Consultants „Mobility 2025 and beyond“ | Average weight-related CO2 emission targets | *planned


Automotive

Potentials in civil aviation

Sustainability and comfort characterize

technological development trends

Alternative materials and

structures for less weight

New engine technologies

for reduced fuel consumption

Hybridization for greater energy efficiency,

e.g. fuel cells for on-board systems

Individualization of cabin design

Connectivity for passengers

during flight operations

Civil aviation

Source: Airbus „Global Market Forecast 2013 to 2032“


Potentials throughout Industry 4.0

Source: The Fraunhofer Institute for Industrial Engineering IAO

Industry

Intelligent networking of products and

processes in the technological value added

For the six key industries in Germany an

additional value creation of EUR 70 billion

is expected until 2025

Potential can only be realized through

close interaction between electrical,

mechanical and IT

343.3

422.1

0,0

100,0

200,0

300,0

400,0

500,0

600,0

2013 2025


Potential for the gross value

added by Industry 4.0 in the

German industry(EUR billion)

Agenda




4. Outlook


Bertrandt: first half of FY 2014/2015

9,7 percent EBIT margin

High Capex

63,2 percent equity ratio

11.859 employees worldwide

2015-05 | BI 1310th Capital Market Day | Bertrandt AG, May 2015

267.8

342.0

375.4

414.0

451.4

2010/2011 2011/2012 2012/2013 2013/2014 2014/2015

Revenues* − Half-year figures (EUR million)

+9.0%

*Financial indicators refer to the group


27,9

36,3 37,2

41,1

43,8

2010/2011 2011/2012 2012/2013 2013/2014 2014/2015

EBIT* − Half-year figures (EUR million)

EBIT-Marge 10.4% 10.6% 9.9% 9.9% 9.7%

+6.7%



27.9

36.3 37.2

41.143.8

19,9

26,0 26,5

28,729,9

2010/2011 2011/2012 2012/2013 2013/2014 2014/2015

+4.2%

EAT* − Half-year figures (EUR million)



19.9

26.0

29.928.7

26.5

37.1 40.1

2013/2014 2014/2015

Sonstige betriebliche Aufwendungen

299.6320.3

2013/2014 2014/2015

Personalaufwand

31.9 41.5

2013/2014 2014/2015

Materialaufwand

Expenses* − Half-year figures (EUR million

Expense

ratio* 72.4% 70.9% 7.7% 9.2% 9.0% 8.9%


+30.1% +8.1%

+6.9%


Personnel expenses Material expenses Other operating

expenses

Equity* − Half-year figures (EUR million)

144,3

175,2

208,4

245,7

286,7

2010/2011 2011/2012 2012/2013 2013/2014 2014/2015

57.8% 55.1% 58.7% 60.0% 63.2%



+16.7%

Equity ratio

286.7

144.3

175.2

208.4

245.7

Capital spending* − Half-year figures (EUR million)

11,1

23,9

14,7

21,6

34,0

2010/2011 2011/2012 2012/2013 2013/2014 2014/2015

+57.4%



11.1

23.9

14.7

21.6

34.0

Overview of investments in the first half of 2014/2015


Infrastructure close to our customers

Expansion and endorsement of

construction and testing facilities

Examples for capex in technical equipment

Testing center for safety in Munich

Testing for systems and moduls

Testing center for drive train in Mönsheim

E-mobility, powertrain, environment simulation

-14,0

2,0

22,523,8

1,0

2010/2011 2011/2012 2012/2013 2013/2014 2014/2015

-14.0

2.0

22.523.8

1.0

2010/2011 2011/2012 2012/2013 2013/2014 2014/2015

Free cashflow* − Half-year figures (EUR million)



Revenues by segment* − Half-year figures (EUR million)

EBIT margin

by segment* 8.8% 11.7% 11.1%8.8% 11.2% 10.8%



241,9

265,6

2013/2014 2014/2015

Digital Engineering

85,7

95,2

2013/2014 2014/2015

Physical Engineering

86,390,6

2013/2014 2014/2015

Elektrik/Elektronik

+9.8%+11.1% +5.0%

Electrics/Electronics

241.985.7 86.3

265.595.2 90.6

Bertrandt – An attractive employer

11,195

1st half

FY 2013/14

1st half

FY 2014/15

11,859

Development employees*

+5.9%

Rank 91 of the top employers in 2015

in the fields of engineering

(trendence Institute Berlin)

Rank 90 of the top employers for graduates

of engineering sciences in 2014

(Universum Student Survey)


*Indicators refer to the group

Recruiting and qualification

Variety of vacancies over the entire range

of qualifications and all hierarchies

Package of measures

Presence at universities and job fairs

Scholarships for students

Presence on online job markets

Over 300 seminars for technical training,

leadership programs and project management

courses available via the "Bertrandt

knowledge portal"

In the first half of the year EUR 5.9 million

invested


Agenda




4. Outlook


The Bertrandt fiscal year 2014/2015 − Outlook (1/2)

Drives in key industries are inline

Investments reflect entrepreneurial opportunities

and prospects of the Group

Basis for sustainable growth

Systematic cost management

Consistent review and optimization of processes

assure our high level of quality and profitability


The Bertrandt fiscal year 2014/2015 − Outlook (2/2)

Assuming that the economic conditions will not

deteriorate and invests in research and

development of new technologies and models

continue, Bertrandt expects ongoing growth in

revenues and earnings


Thank you!

Legal notice


This presentation contains inter alia certain foresighted statements about

future developments, which are based on current estimates of management.

Such statements are subjected to certain risks and uncertainties. If one of

these factors of uncertainty or other imponderables should occur or the

underlying accepted statements proved to be incorrent, the actual results

could deviate substantially from or implicitly from the expressed results

specified in these statements We have neither the intetion nor do we accept

the obligation of updating foresighted statements constantly since these

proceed exclusively from the circumstances on the day of their publication.

As far as this presentation refers to statements of third parties, in particular

analyst estimations, the organisation neither adopts these, nor are these rated

or commented thereby in other ways, nor is the claim laid to completeness in

this respect.

Dietmar Bichler, CEO · 2019-02-06 · Powertrain and lighweight Safety Driver assistance and...

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