IR presentation Q1/2014 - BAUER · 2020-06-03 · 17-04-13 IR-Presentation_FY_2016 © BAUER AG, D-86529 Schrobenhausen BAUER AG BAUER MC 64 duty-cycle crane with cutter BCM 10, Shanghai

© BAUER AG, D-86529 Schrobenhausen 17-04-13 IR-Presentation_FY_2016

BAUER AG

BAUER MC 64 duty-cycle crane with cutter BCM 10, Shanghai

Group Presentation

FY/Q4 2016

© BAUER AG, D-86529 Schrobenhausen 17-04-13 IR-Presentation_FY_2016 2

Key Figures FY 2016

FY 2015*

in EUR million

FY 2016

in EUR million

∆ FY

in %

Total Group revenues, of which

- Germany

- International

- Construction

- Equipment

- Resources

- Other/Consolidation

1,656.4

473.7

1,182.7

742.9

753.1

221.6

-61.2

1,586.1

481.0

1,105.1

722.1

651.7

264.7

-52.4

-4.2 %

+1.6 %

-6.6 %

-2.8 %

-13.5 %

+19.5 %

n/a

Sales revenues 1,379.0 1,396.9 +1.3 %

Order intake 1,811.4 1,598.6 -11.8 %

Order backlog 995.6 1,008.1 +1.3 %

EBITDA 185.1 158.4 -14.4 %

EBIT 90.7 68.3 -24.7 %

EBIT margin in % (of sales revenues) 6.6 4.9 n/a

Earnings after tax 29.0 14.4 -50.3 %

Earnings per share in EUR 1.73 0.66 -61.8 %

Equity ratio in % 27.2 25.5 n/a

Number of employees (average over the year) 10,738 10,771 +0.3 %

* Total Group revenue and EBIT figures of 2015 were influenced by exceptional earnings in the Equipment segment

Due to rounding, numbers presented in the document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.


Total Group revenues decreased by 4.2 % to EUR 1,586.1 million (2015: EUR

1,656.4 million). The figure for 2015 included revenues from the divestment

and revaluation of businesses amounting to EUR 77.8 million. Without this

effect, total Group revenues were roughly on par with the previous year. In

contrast, sales revenues increased by 1.3 % to EUR 1,396.9 million. EBIT

was EUR 68.3 million (2015: EUR 90.7 million). The above-mentioned

additional revenues also had an effect on the previous year's EBIT figure.

Earnings after tax were EUR 14.4 million (2015: EUR 29.0 million).

The main reason for the weaker earnings than projected were our

subsidiaries in Malaysia and Hong Kong. In Hong Kong, a very large special

contract was awarded to a competitor and in Malaysia, the award of three

major projects was delayed further and further. In total, these two effects

resulted in a considerably loss, which explain the difference to the origin

forecast alone.

Order backlog of the Group continued to develop well and grew by 1.3 % to

EUR 1,008.1 million (2015: EUR 995.6 million). All segments contributed to

this good backlog, especially in Q4, when we were awarded several new

specialist foundation engineering projects around the world.

Overall, we can see that our measures of recent years made a good impact,

resulting in much better performance in our core operations in 2016

compared to the previous year.

Forecast 2017: total Group revenues of around EUR 1.7 billion, EBIT of

about EUR 75 million and earnings after tax of about EUR 23 to 28 million.

Highlights FY 2016 – BAUER Group

Excavation pit for HSBC head office – Dubai


Total Group revenues decreased by 2.8 % to EUR 722.1 million (2015: EUR 742.9

million). EBIT was up from EUR 13.9 million to EUR 30.4 million. Earnings after tax

were EUR 9.5 million (2015: EUR -7.3 million). Order backlog, with EUR 585.3 million

(2015: EUR 591.1 million), is still on a very good level.

In 2015, our US subsidiary had a decisive negative impact on the results. The

subsidiaries in Hong Kong and Malaysia had a major negative impact on earnings

in 2016, while our participation Wöhr + Bauer GmbH brought additional earnings.

Highlights FY 2016 – Segments

BG 40 rotary drilling rig – Essen, Germany

Construction

Equipment

Total Group revenues fell by 13.5 % from EUR 753.1 million to EUR 651.7 million. In

2015, revenues from the divestment and revaluation of businesses totaling EUR

77.8 million were included. Therefore, also EBIT fell from EUR 99.4 million to EUR

37.0 million. Sales revenues fell slightly by 1.0 %, from EUR 548.0 million to EUR

542.7 million. Earnings after tax fell from EUR 65.4 million to EUR 10.9 million.

We see growth in our core business of specialist foundation equipment, resulting in

a 12.4 % higher order backlog of EUR 144.0 million (2015: EUR 128.1 million).

Resources Total Group revenues significantly increased by 19.5 % to EUR 221.6 million (2015:

EUR 264.7 million). EBIT increased from EUR -19.8 million to EUR -3.2 million and

earnings after tax were up from EUR -29.4 million to EUR -8.5 million. Order backlog

grew by 0.8 % to EUR 278.8 million (2015: EUR 276.5 million) and is on a good level.

Restructuring processes of the last two years were completed by the end of 2016

and we expect to make this segment profitable again in the next two years.


BAUER Group Final figures vs. forecast and long-term targets

2016 forecast*

Total Group Revenues slightly below

1,650 EUR million 1,586 EUR million

Revenue growth -4.2 % 3 - 8 %

EBIT ~ 65 EUR million 68.3 EUR million

EBIT margin 4.9 % 7 - 9 %

Earnings after tax ~ 10 - 15 EUR million 14.4 EUR million

Equity ratio 25.5 % > 30 %

2016 final Long-term

* Adjusted on November 3, 2016

Tunnel under the Suez Canal – Egypt Soil replacement – Hersbruck, Germany Bauma 2016 – Munich, Germany


Table of Content

BAUER Group – Strategy, Chances & Markets

Appendix

Financials Q4/FY 2016 & Guidance


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.

Ground improvement – Germany

BAUER Group Mission & Strategy

EUR 1.6 billion total Group revenues

EUR 68.3 million EBIT

4.9 % EBIT margin

25.5 % equity ratio

10,771

employees FY 2016

Key targets

Revenue growth: 3 - 8 % per year

EBIT margin: 7 - 9 %

Equity ratio: > 30 %


in EUR million (segment after deducting Other/Consolidation)

8

Note: from 2003 based on IFRS figures

1,600

Equipment

615

Construction

Overseas

493

Total 1,586

Construction

Domestic

216

Total Group revenues Longstanding healthy business development

1,000

1,400

800

600

200

0

1980 1982 1984 1986 1996 1998 2000 2002 2004 2006

Resources

262

1990 1988 1992 1994 2008 2010 2012 2014

1,200

400

1,800

2016


Worldwide network More than 110 subsidiaries in about 70 countries

Schrobenhausen

Kuala Lumpur Conroe Tianjin

Permanent Offices:

Construction

Equipment sales

Resources

Equipment production


BAUER Group Chances

Construction Equipment Resources

Growth potential in new markets

and with specialized machines.

Strong position as a lot of efforts

were made regarding quality,

efficiency and noise reduction

Manufacture of customized deep

drilling solutions in the joint

venture with Schlumberger.

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 natural

resources.


World construction markets Bauer market potential

USA / Canada:

public demand,

infrastructure, power

plants, dams, etc.

+

Other Americas:

several chances in

Central America

Africa:

little construction

activities; some special

projects; demand for

water and resources is

slightly better

o

Far East:

positive development

in all areas, especially

Hongkong, Malaysia,

Indonesia

+

Western Europe:

weak markets with

some positive trends

o

Germany:

very good + Eastern Europe:

slowly positive

development

Russia:

crisis regarding Ukraine;

difficult to predict.

Middle East:

slowing down as a result

of oil price

Central Asia:

good market potentials +

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

o -

o

Last update: April 2017

o


China

Source: International Monetary Fund, World Economic Outlook Database, October 2016 * CIS = Commonwealth of Independent States (incl. Georgia; excl. Russia)

United States

Brazil

CIS*

Germany

Middle East &

North Africa

Sub-Saharan Africa

World Advanced

Economies

Emerging Markets &

Develop. Economies

Russia

Australia

2016 2017

2016 2017

2016 2017

2016 2017 2016 2017 2016 2017

2016 2017

2016 2017

2016 2017

2016 2017

2016 2017

2016 2017

2016 2017

2016 2017

2016 2017

Developing Asia

Latin America

1.6 1.8 3.1

3.4 4.2

4.6

-0.6 1.6

-0.3 1.4

6.5 6.3

-0.8 1.1

6.6 6.2

2.9 2.7

1.6 2.2

-3.3 0.5

1.7 1.5

1.7 1.4

1.4

2.9

3.4 3.4

Europe

12

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


Table of Content


Appendix



349 334 494 389

456 424 405

383

351 421

550

398

329 342

362

429

2013 2014 2015 2016

14

Q1

Q2

Q3

Q4

1,485

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 Earnings after tax

1,521

1,811

1.504 1.560 1.656 1.586

1.402 1.376 1.379 1.397

0

450

900

1.350

1.800

2013 2014 2015 2016

765 763

996 1.008

0

300

600

900

1.200

2013 2014 2015 2016

30,1

76,4 90,7

68,3

-19,4

15,7

29,0

14,4

-25

0

25

50

75

100

2013 2014 2015 2016

1,599


178 206

743 722

BAUER Group Construction segment – Highlights FY 2016

Construction

Global provider for specialist

foundation engineering services

Focus on complex, international

projects

~ 50/50 infrastructure / industrial

Full year 2016:

45 % of total Group revenues

EBIT margin: 4.9 %

Key targets:

~ 40 % of total Group revenues


Total Group revenues in EUR million

2015 2016

FY

Q4

Order backlog in EUR million

EBIT in EUR million

2015 2016 2015 2016

Total Group revenues decreased by 2.8 % to EUR 722.1 million, while EBIT was up

from EUR 13.9 million to EUR 30.4 million and earnings after tax from EUR -7.3

million to EUR 9.5 million.

EBIT margin of 4.9 % reached the mid-term target range of 4 - 6 %.

In 2015, our US subsidiary had a decisive negative impact on the results. The

subsidiaries in Hong Kong and Malaysia had a major negative impact on earnings in

2016, while our participation Wöhr + Bauer GmbH brought additional earnings.

Order backlog with EUR 585.3 million is still on a very good level. The segment has

an order book of 9.7 months. The order backlog in the core business of specialist

foundation engineering increased considerably.

Order intake decreased to EUR 716.3 million (2015: EUR 878.4 million), because of

additional major projects received in 2015, such as in Canada.

591 585

1.5

17.8

13.9

30.4

15


BAUER Group Construction segment – Revenues and order development



Construction

153

193 197 199 178 177 187 183

193 176

195 178

160 172

184 206

0

50

100

150

200

250

Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16

513 531 498 499

436 477 472 455

513 551 584 591 585 575 578 585

0

125

250

375

500

625


16


* Sales revenues of the deep drilling rig business (JV Schlumberger) were included in the figures of 2015, but no longer in 2016.

181 197

548 543

BAUER Group Equipment segment – Highlights FY 2016

Market leader in specialist

foundation equipment

New products for mining, deep

drilling and offshore drilling

About 80 % of sales abroad

Full year 2016:


EBIT margin: 6.8 %

Key targets:



Sales revenues in EUR million

2015 2016

Order intake in EUR million

EBIT in EUR million

2015 2016

Equipment

649 668

2015 2016

74.9

14.2

99.4

37.0

FY

Q4

Total Group revenues fell by 13.5 % from EUR 753.1 million to EUR 651.7 million. In

2015, revenues from the divestment and revaluation of businesses totaling EUR 77.8

million were included. Therefore, EBIT fell from EUR 99.4 million to EUR 37.0 million;

earnings after tax from EUR 65.4 million to EUR 10.9 million. EBIT margin was 6.8 %.

Sales revenues fell only slightly by 1.0 % to EUR 542.7 million.

Considering the inconsistent and difficult market environment, the increase in sales

and earnings in core operations* shows our strength in the market for specialist

foundation equipment and related products.

We see growth in our core business of specialist foundation equipment, resulting in

a 12.4 % higher order backlog of EUR 144.0 million (2015: EUR 128.1 million). The

segment has an order book of 2.7 months. Order intake was almost exactly in line

with the planned level at the end of the year and increased to EUR 667.6 million.

17


BAUER Group Equipment segment – Revenues and order development

Order intake in EUR million

Sales revenues in EUR million

Equipment

104 125 128

205

103 115

143

171

100

137 129

181

108 115 123

197

0

50

100

150

200

250


165 185

154

127

165 163 187

162 177

155 166

152 166 159 163

179

0

50

100

150

200


18


BAUER Group Equipment segment – Market development vs. Bauer

Sales revenues of the Bauer Equipment segment in EUR million

Revenues of 50 largest construction equipment manufacturers in USD billion

Equipment

187 162 157

135

0

50

100

150

200

2012 2013 2014 2015

521 562 545 548

0

150

300

450

600

2012 2013 2014 2015

Source: internationalconstruction (04/2016)

-28 %

+5 %

Revenues of the world’s 50 largest construction

equipment manufacturer saw a tremendous decline

between 2012 and 2015 of 28%.

In China the decline was even worse with a decline

of 50% and therefore the main reason for the

world’s market development.

A second reason was the fall in global commodity

prices, which hit sales of mining equipment.

The very competitive situation because of the

surplus production capacities in China is easing.

Bauer passed through this situation with a small

increase in revenues, which shows the success of

the efforts made regarding, quality, efficiency and

noise reduction of Bauer equipment.

Nonetheless, the market development lead to a

weaker margin situation in Equipment.

19


44 59

222

265

BAUER Group Resources segment – Highlights FY 2016

Products & services related to

water, environment and natural

resources.

Service provider for the oil, gas

and mining industry

Full year 2016:


EBIT margin: n/a

Key targets:




2015 2016


EBIT in EUR million

Resources

2015 2016 2015 2016

FY

Q4

276 279

-18.6

-6.6

-19.8

-3.2

Total Group revenues significantly increased by 19.5 % to EUR 221.6 million. EBIT

increased from EUR -19.8 million to EUR -3.2 million and earnings after tax were up

from EUR -29.4 million to EUR -8.5 million.

Order backlog grew by 0.8 % to EUR 278.8 million and is on a good level. The

segment has a sustainable order book of 12.6 months.

Order intake was EUR 267.0 million, down 22.6 % from the 2015 figure of EUR 345.0

million. This is attributed to the major project awarded in 2015 for the remediation of

the Kesslergrube landfill site in Grenzach-Wyhlen, worth over EUR 100 million.

Once again Resources demanded a great deal of effort from us. Restructuring

processes that were launched in the last two years and that involved a large number

of areas and products were completed by the end of 2016. We expect to make this

segment profitable again in the next two years.

20


BAUER Group Resources segment – Revenues and order development



Resources

39

55 53

42 48

53 60

92

54 48

75

44

72 67 67

59

0

20

40

60

80

100


165 183 177

150 173 169 172

153 173 174

274 276 287 294 290 279

0

70

140

210

280

350


21


in EUR million

Total 1,586

in EUR million

Africa 77 (4 %)

Americas 297 (18 %)

Asia-Pacific,

Far East & Australia

348 (21 %)

Middle East

& Central Asia 227 (14 %)

Germany 474 (29 %)

EU excl. Germany

162 (10 %)

Europe (other)

71 (4 %)

Total 1,656

Full year 2015

Africa 75 (5 %)

Americas 236 (15 %)

Asia-Pacific,


284 (18 %)

Middle East


Germany 481 (30 %)

EU excl. Germany 218 (14 %)

Europe (other)

95 (6 %)

Financials Regional breakdown – Total Group revenues FY 2016


in EUR million

Total 709 Total 615 Total 262

Construction segment Equipment segment Resources segment

Africa 49 (7 %)

Americas 76 (11 %)

Asia-Pacific,


140 (20 %)

Middle East


Germany 216 (30 %)

EU excl. Germany

75 (11 %)

Europe

(other)

45 (6 %)

Africa 20 (2 %)

Americas 172 (23 %)

Asia-Pacific,


154 (23 %)

Middle East


Germany 164 (16 %)

EU excl.

Germany

96 (21 %)

Europe

(other)

39 (8 %)

Africa 11 (4 %)

Americas 18 (7 %)

Asia-Pacific, Far East

& Australia 1 (0 %)

Middle East

& Central Asia

46 (18 %)

Germany 167 (64 %)

EU excl. Germany

16 (6 %)

Europa

(other)

3 (1 %)

Financials Regional breakdown – Segments FY 2016

Figures after deducting Other/Consolidation


Financials Working capital & net debt – requirements and development

Total Group revenues / net debt in EUR million

1.372 1.436

1.504 1.560 1.656 1.586

645 611 672 646 665 677

0

350

700

1.050

1.400

1.750

2011 2012 2013 2014 2015 2016

Working capital / net debt in EUR million

626 580 605 604 629 608

645 611

672 646 665 677

0

150

300

450

600

750

2011 2012 2013 2014 2015 2016

Net debt Working capital

Net debt Total Group revenues

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.


Building construction

positive cash contribution

Specialist foundation engineering

pre-financing need

Financials Working capital needs & cash flow

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 FY 2016

in EUR '000 12M 2015 12M 2016 ∆ in %

Sales revenues (P&L) 1,378,991 1,396,881 1.3%

Consolidated revenues (P&L) 1,587,946 1,488,576 -6.3%

Cost of materials -752,532 -717,992 -4.6%

Personel expenses -376,118 -369,700 -1.7%

Other operation expenses -274,235 -242,495 -11.6%

EBITDA 185,061 158,389 -14.4%

Depreciation of fixed assets -81,143 -74,509 -8.2%

Write-downs of inventories due to use -13,195 -15,532 17.7%

EBIT 90,723 68,348 -24.7%

Financial income 4,972 5,540 11.4%

Financial expenses -41,982 -46,824 11.5%

Share of profit/loss of associated companies (equity method) 2,672 -3,021 n/a

Earnings before tax (EBT) 56,385 24,043 -57.4%

Income tax expense -27,393 -9,629 -64.8%

Earnings after tax 28,992 14,414 -50.3%

of which attributable to shareholders of BAUER AG 29,715 11,302 -62.0%

of which attributable to non-controlling interests -723 3,112 n/a


Financials Balance sheet December 31, 2016

in EUR '000 Dez. 31, 2015 Dez. 31, 2016 ∆ in %

Assets 1,656,908 1,701,418 2.7%

A. Non-current assets 618,244 642,174 3.9%

I. Intangible assets 27,455 25,640 -6.6%

II. Property, plant and equipment and investment property 404,356 407,977 0.9%

III. Investments accounted for using the equity method 132,553 129,252 -2.5%

IV. Participations 3,613 9,730 n/a

V. Other non-current assets & deferred tax assets 50,267 69,575 38.4%

B. Current assets 1,038,664 1,059,244 2.0%

I. Inventories 444,629 447,326 0.6%

II. Receivables and other assets 544,329 554,076 1.8%

III. Effective income tax refund claims 2,300 4,771 n/a

IV. Cash and cash equivalents 47,406 33,463 -29.4%

V. Assets classified as held for sale 0 19,608 n/a

Equity and liabilities 1,656,908 1,701,418 2.7%

A. Equity 451,210 434,131 -3.8%

B. Non-current debt 533,904 356,797 -33.2%

I. Provisions for pensions 112,284 127,081 13.2%

II. Non-current liabilities & deferred tax liabilities 421,620 229,716 -45.5%

C. Current debt 671,794 910,490 35.5%

I. Financial liabilities 318,700 510,497 60.2%

II. Other current liabilities 317,785 370,900 16.7%

III. Effective income tax obligations 16,955 11,213 -33.9%

IV. Provisions 18,354 17,880 -2.6%


Financials Cash flow statement FY 2016

in EUR '000 12M 2015 12M 2016 ∆ in %

Cash flow from operational activity 32,425 124,879 n/a

Cash flow from investment activity -37,492 -66,675 77.8%

Cash flow from financing activity 9,119 -64,172 n/a

Free Cash Flow -5,067 58,204 n/a

Changes in liquid funds affecting payments 4,052 -5,968 n/a

Influence of exchange rate movements on cash 1,519 -7,975 n/a

Total change in liquid funds 5,571 -13,943 n/a

Cash and cash equivalents at beginning of reporting period 41,835 47,406 13.3%

Cash and cash equivalents at end of reporting period 47,406 33,463 -29.4%


BAUER Group Forecast 2017

2016 final

Total Group Revenues 1,586 EUR million ~ 1,700 EUR million

Revenue growth -4.2 % 3 - 8 %

EBIT 68.3 EUR million ~ 75.0 EUR million

EBIT margin 4.9 % 7 - 9 %

Earnings after tax 14.4 EUR million ~ 23 - 28 EUR million

Equity ratio 25.5 % > 30 %

2017 forecast Long-term

Tunnel under Suez Canal – Egypt Soil replacement – Hersbruck, Germany Bauma 2016 – Munich, Germany


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

Annual Report 2016 April 13, 2017

Annual Press Conference April 13, 2017

Analyst Conference April 13, 2017

Annual General Meeting June 29, 2017

Quarterly Statement Q1 2017 May 15, 2017

Half-Year Interim Report to June 30, 2017 August 11, 2017

Quarterly Statement 9M/Q3 2017 November 14, 2017

Listing CDAX, GEX,

Classic All Share

Prime All Share

DAXplus Family

ISIN DE0005168108

Reuters B5AG.DE

Bloomberg B5A GR

www.youtube.com/Bauergruppe www.facebook.com/BauerAGgroup

Investor Relations Financial calendar & contact


Table of Content


Appendix



1790 · 1900 · 1902 · 1928 · 1948 · 1956 · 1958 · 1967 · 1969 · 1972 · 1975 · 1976 · 1984 · 1990 · 1992 · 1994 · 1998 · 2001 · 2016

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 2016:

Total Group

revenues

EUR 1.586

billion,

10,771

employees

4. Jul 2006:

IPO

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 2000-2016


BAUER Group The three segments

33 © 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, deep

drilling, well

construction,

materials


What is specialist foundation? Building an excavation pit

Ground Water

Injection Anchor

Sealing Slab

Supporting Wall

Underpinning

Injection

Pile Foundation


What is specialist foundation used for? Applications for projects

Foundations Cut-off walls Excavation pits

Buildings Infrastructure Water – Energy Industry

Ground improvement


BAUER Group Challenges of the world provide chances for the company

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

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.


Construction Diavik, Canada – Diaphragm wall for Diavik Diamond Mines


Construction Ismailia, Egypt – New road tunnel underneath Suez Canal


Construction Dogern, Germany – Dike remediation with Mixed-in-Place

© euroluftbild.de


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

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

BG 42 BG 50 BG 20

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


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

MC 128 MC 96 MC 64


Equipment Product range: Deep Drilling

PR 440 Joint Venture

of Bauer & Schlumberger

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, NeoRig develops and manufactures

customized drilling solutions which set new standards of safety,

efficiency, productivity and ease of service in the deep drilling

business.


Resources Segment Pool of competences from a single hand

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

Well Drilling

Blast Hole Drilling

Environment Water Natural Resources


Resources Water – Process Water & Water Distribution Management


Resources Environment – Remediation of Kesslergrube landfill, Germany

© Source: Press picture Roche


Market environment – Germany German construction market

Source: Federal Statistical Office, Statistical Office Bavaria

Germany

2016

Employees in 1000

Revenues in EUR billion 107.3

Building construction 69.2

Foundation engineering 38.1

Orders received *

in EUR billion

Housebuilding 15.3

Industrial building 27.5

Public sector

of which

public buildings 4.3

road building 12.0

underground structures 8.7

*) only companies > 20 employees

0.8

-12.3

0.4

1.6

1.4

18.8

16.8

2.9

7.0

2.4

6.3

-3.0

35.9

6.5

-21.9

13.3

1.1

9.3

-25.3

-13.8

-4.3

December 20162015/ 2016/

1995 2014 2015

2016/

11.9

25.0

67.8

-44.7

-8.1

781.4

5.9

9.2

-13.6 5.2 14.6

5.4

1.9

17.0

16.3


BAUER share Facts & Figures

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 (01/2016 – 04/2017)

in EUR 2013 2014 2015 2016 2017

Earnings per share -0.99 0.85 1.73 0.66 ---

Share price year end 18.81 13.35 17.40 11.40 ---

Share price highest 23.05 20.04 19.20 17.16 14.90

Share price lowest 17.33 11.75 13.85 9.45 11.72

Market Cap (in EUR million)

322.2 228.7 298.1 195.3 ~240

48.19 %


BAUER share Dividend policy

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

2015

0.15

2016

0.10*

* Proposed; subject to the consent of the Annual General Meeting to be held on June 29, 2017


Key Figures Time Line FY 2008 – FY 2016

In all three segments, total Group revenues and EBIT figures of Q4 2015 and FY 2015 were influenced by exceptional earnings.

Total Group Revenues

(in EUR million)

BAUER Group 1,527.2 1,275.8 1,304.0 1,371.8 1,435.8 1,504.2 378.1 371.1 413.9 397.1 1,560.2 409.1 371.3 414.5 461.5 1,656.4 383.1 373.8 389.3 439.9 1,586.1

Construction 700.9 570.0 615.4 606.6 655.2 741.7 178.5 173.0 181.8 192.3 725.6 193.5 176.4 194.5 178.5 742.9 159.9 172.0 184.5 205.7 722.1

Equipment 780.1 608.5 581.7 636.5 589.1 628.6 163.8 157.6 186.1 131.7 639.2 173.8 159.6 163.2 256.5 753.1 164.9 147.5 153.3 186.0 651.7

Resources 135.1 174.3 177.7 211.5 262.8 188.9 48.4 52.5 59.6 92.3 252.8 54.3 47.8 75.1 44.4 221.6 71.5 67.4 66.5 59.4 264.7

Sales Revenues

(in EUR million)

BAUER Group 1,290.8 1,096.5 1,131.7 1,219.6 1,344.4 1,402.2 313.4 332.2 368.1 362.0 1,375.7 299.6 342.4 376.8 360.2 1,379.0 317.6 332.2 342.8 404.3 1,396.9

Construction 584.3 487.9 505.8 506.2 579.1 657.5 167.8 160.8 163.5 154.5 646.6 156.0 163.9 179.4 151.5 650.8 143.6 154.9 162.7 153.3 614.5

Equipment 601.2 456.5 469.3 511.4 520.6 561.6 102.9 120.6 147.4 161.8 532.7 100.5 137.4 129.3 180.8 548.0 107.8 115.2 123.0 196.7 542.7

Resources 105.1 152.0 156.4 201.5 244.3 182.6 42.5 50.7 57.2 45.5 195.9 42.9 40.9 67.9 27.6 179.3 65.9 61.6 56.7 54.0 238.2

EBIT

(in EUR million)

BAUER Group 167.5 84.4 88.4 82.3 72.0 30.1 4.9 8.7 24.7 38.1 76.4 1.2 14.8 20.4 54.3 90.7 4.8 13.5 19.7 30.3 68.3

Construction 46.3 25.7 28.8 17.9 22.0 21.2 1.5 6.0 12.9 5.6 26.0 4.9 5.5 2.0 1.5 13.9 1.0 4.3 7.3 17.8 30.4

Equipment 118.3 51.3 48.3 53.0 34.0 32.2 5.6 7.7 12.7 10.0 36.0 -0.9 9.3 16.2 74.8 99.4 5.9 7.5 9.4 14.2 37.0

Resources 4.0 6.0 8.1 10.9 15.2 -24.0 -2.1 -1.2 -2.4 21.6 15.9 -2.9 -0.3 2.0 -18.6 -19.8 -1.6 1.5 3.5 -6.6 -3.2

EBIT margin

(in %)

BAUER Group 13.0% 7.7% 7.8% 6.7% 5.4% 2.1% 1.6% 2.6% 6.7% 10.5% 5.6% 0.4% 4.3% 5.4% 15.1% 6.6% 1.5% 4.1% 5.7% 7.5% 4.9%

Construction 7.9% 5.3% 5.7% 3.5% 3.8% 3.2% 0.9% 3.7% 7.9% 3.6% 4.0% 3.1% 3.4% 1.1% 1.0% 2.1% 0.7% 2.8% 4.5% 11.6% 4.9%

Equipment 19.7% 11.2% 10.3% 10.4% 6.5% 5.7% 5.4% 6.4% 8.6% 6.2% 6.8% -0.9% 6.8% 12.5% 41.4% 18.1% 5.5% 6.5% 7.6% 7.2% 6.8%

Resources 3.8% 3.9% 5.2% 5.4% 6.2% -13.1% -4.9% -2.4% -4.2% 47.5% 8.1% -6.8% -0.7% 2.9% -67.4% -11.0% -2.4% 2.4% 6.2% -12.2% -1.4%

Q4 16

Q4 16

Q4 16

Q4 16

2016

2016

2016

2016

Q3 16

Q3 16

Q3 16

Q3 16

Q2 16

Q2 16

Q2 16

Q2 16

2015

2015

2015

2015

Q2 15

Q2 15

Q2 15

Q2 15

Q3 15

Q3 15

Q3 15

Q3 15

Q1 16

Q1 16

Q1 16

Q1 16

2014

2014

Q1 15

Q1 15

Q1 15

Q1 15

2013 Q4 14

Q1 14

Q1 14

Q2 14 2014

2014

Q4 14

Q3 14 Q4 14

Q3 14

Q3 14Q1 14 Q2 14

Q4 14

2011

2010

2009

2009

2008

2008

2008

20092008

2009

2011

2010

2011

2010

2011 20122010 Q3 14Q2 14

2013

2013 Q2 14

2013

2012 Q1 14

2012 Q4 15

Q4 15

Q4 15

Q4 15

2012


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.

Documents

IR presentation Q1/2014 - BAUER · 2020-06-03 · 17-04-13 IR-Presentation_FY_2016 © BAUER AG, D-86529 Schrobenhausen BAUER AG BAUER MC 64 duty-cycle crane with cutter BCM 10, Shanghai