Pierer Industrie AG Company Presentation August 2021
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Pierer Industrie AG
Company Presentation
August 2021
1
Disclaimer
This document is for information purposes only and shall not be treated as giving any investment advice and/or recommendation whatsoever. This presentation and any information (written or oral) provided to
you does not constitute an offer of securities, nor a solicitation for an offer of securities, nor a prospectus or advertisement or a marketing or sales activity for such securities. This presentation is not directed to, or
intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution or use would be contrary to law or
regulation or which would require any registration or licensing within such jurisdiction.
The securities of Pierer Industrie AG (the “Company”) have not been registered under the U.S. Securities Act of 1933 (the “Securities Act”) nor in Canada, U.K. or Japan. No securities may be offered or sold in the
United States or in any other jurisdiction, which requires registration or qualification. These materials must not be copied or otherwise distributed to “U.S. persons” (according to the definition under Regulation S of
the Securities Act as amended from time to time) or publications with general circulation in the United States. The circulation of this document may be restricted or prohibited in certain jurisdictions.
In member states of the European Economic Area and in the United Kingdom, this presentation is directed exclusively at persons who are “qualified investors” within the meaning of the Prospectus Regulation (EU)
2017/1129 (“Qualified Investors”) and does not constitute and shall not, in any circumstances, constitute an invitation to the public in connection with any offer or constitute any offer to the public, each within the
meaning of the Prospectus Regulation (EU) 2017/1129. In the United Kingdom this announcement is directed exclusively at Qualified Investors (i) who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) who fall within Article 49(2) (a) to (d) of the Order, and
(iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons”); any other persons in the United Kingdom should not take any action on the basis of this
announcement and should not act on or rely on it. The presentation should not be published, reproduced, distributed or otherwise made available, in whole or in part, to any other person without the prior consent
of Pierer Industrie AG.
Certain statements contained herein may be statements of future expectations and other forward-looking statements, which are based on management's current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking
by reason of context, words such as “may”, “will”, “should”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, or “continue” and similar expressions typically identify
forward-looking statements.
By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As such, no
forward-looking statement can be guaranteed. Undue reliance should not be placed on these forward-looking statements. Many factors could cause our results of operations, financial condition, liquidity, and the
development of the industries in which we compete, to differ materially from those expressed or implied by the forward-looking statements contained herein.
Subject to applicable securities law requirements, we disclaim any intention or obligation to update or revise any forward-looking statements set forth herein, whether as a result of new information, future events
or otherwise.
We have exercised utmost diligence in the preparation of this presentation. However, rounding, transmission, printing, and typographical errors cannot be ruled out. We are not responsible or liable for any
omissions, errors or subsequent changes which have not been reflected herein and we accept no liability whatsoever for any loss or damage howsoever arising from any use of this document or its content or third
party data or otherwise arising in connection therewith.
The contents of this presentation are confidential and may not be copied, distributed, published or reproduced in whole or in part, or disclosed or distributed by recipients to any other person.
In receiving any information relating to the Company and its group, including information in this presentation, you will be deemed to have represented and agreed for the benefit of the Company (i) that you will
only use such information for the purposes of discussions with the Company, (ii) to hold such information in strict confidence and not to disclose it (or any discussions with the Company) to any person, except as
may be required by law, regulation or court order, (iii) not to reproduce or distribute, in whole or in part, (directly or indirectly) any information, (iv) that you are permitted, in accordance with all applicable laws,
to receive such information, and (v) that you are solely responsible for your own assessment of the market position of the Company and that you will conduct your own analysis and be solely responsible for
forming your own review of the potential future performance of the Company's business.
In this presentation, stands for KTM AG, which, as the owner of the KTM brand, manufactures and/or distributes motorbikes and motorbike accessories under this brand. To be
distinguished from this is KTM Fahrrad GmbH, which, as the exclusive licensee, manufactures and/or sells bicycles and bicycle accessories under the KTM brand. KTM AG and KTM Fahrrad
GmbH are neither affiliated with each other under corporate law nor intertwined with each other in terms of capital or otherwise.
2
2
Agenda
▪ Pierer Industrie AG at a Glance
▪ Introduction PIERER Mobility Group
▪ Introduction Pankl Group
▪ Key Facts & Sustainability
▪ Appendix
3
3
Pierer Industrie Group
Pierer Industrie at a Glance
Key figures 2020
▪ Pierer Industrie AG is a globally operating Austrian industrial
investment group
▪ Revenues: 2,101 m€
PIERER Mobility Group: 1,530 m€
▪ Family owned by Stefan Pierer (via Pierer
Pankl AG Group: 583 m€
Konzerngesellschaft mbH)
▪ Majority Shareholdings in PIERER Mobility AG – a leading ▪ EBITDA: 281 m€
European Powered Two-Wheeler producer – and Pankl AG – a
high tech automotive components group ▪ Employees: 8,322
24.5% female share
▪ Pierer Industrie AG has a major shareholding in the Austrian
electronics developer abatec GmbH ▪ Investments: 189 m€
▪ R&D expenses: 169 m€
▪ Equity ratio: 34.4%
Source: Pierer Industrie AG 4
4
Pierer Industrie Group
Management
Stefan Pierer Stefan Pierer started his career in 1982 at Hoval, a company for
heating and room climate solutions in Upper Austria. In 1987 he
▪ CEO founded today's PIERER Mobility Group, in 2011 the Pierer Industrie
Group.
Friedrich Roithner After his studies Friedrich Roithner worked for one of the Big Four tax
consulting and auditing firms. From 1992 he worked for Austria Metall
▪ CFO AG. Since 2007 Friedrich Roithner has been a member of the
management of the PIERER Mobility Group. Since 2010 he is CFO.
Wolfgang Plasser Wolfgang Plasser has joined the management board of Pankl Racing
Systems AG in 2004 and has become CEO in 2006. Since June 2018,
▪ CEO Pankl AG Wolfgang Plasser is also the CEO of SHW AG as well as a member of
the board of Pierer Industrie AG and Pankl AG.
Other members of the Board of Directors
(in alphabetical order)
▪ Michaela Friepess
▪ Hannes Haunschmid
▪ Thorsten Hartmann
▪ Alex Pierer
▪ Klaus Rinnerberger 5
5
Group Structure Pierer Industrie AG
Simplified presentation as of August 2021
1) A further 5.68% is held by Pierer Industrie AG and Pierer Konzerngesellschaft mbH respectively. Other shareholdings of PIERER Mobility AG: ACstyria Mobilitätscluster GmbH 12,3%; Platin 1483. Source: Pierer Industrie AG
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GmbH 100%. Other shareholdings of Pierer Industrie AG. Moto Italia SRL 100%; WESS Promotion GmbH 100%; Pierer Beteiligungs GmbH 100%; P Immobilienverwaltung GmbH 100%; KTM Dealer
Participations; A Round Capital GmbH 14,29%; Riser GmbH 25,1%, Leoni AG 15%
PIERER MOBILITY AG
THE LEADING EUROPEAN POWERED TWO-WHEELER COMPANY.
In this presentation, stands for KTM AG, which, as the owner of the KTM brand, manufactures and/or distributes motorbikes and motorbike accessories under this brand. To be distinguished from this is KTM
Fahrrad GmbH, which, as the exclusive licensee, manufactures and/or sells bicycles and bicycle accessories under the KTM brand. KTM AG and KTM Fahrrad GmbH are neither affiliated with each other under 7
corporate law nor intertwined with each other in terms of capital or otherwise.
A Leading European Powered Two-Wheeler Group
simplified Group structure as of April 2021
51,7% 100%
50%
AG
100% 74%
100% 100%
100% 100%
100%
100% 45%
100%
Motorcycles Design, concept
development E-Bikes
& digitalization
Other shareholding: ACstyria Mobilitätscluster GmbH 12.3% 8
Source: PIERER Mobility AG
Twenty-eight years of successful track record
Sales units Motorcycles & e-bikes
~ 400,000
Motorcycles
Sales units CAGR incl. Bajaj 92-20: ~15.3%
Guidance
400 000 since 2018
Sales units CAGR incl. Bajaj 09-20: ~ 15.9%
350 000 326,471 ▪ Sales Unit CAGR of ~15.9% since 2009
300 000 280,099
▪ 326,471 units sold resulted in
261,454 EUR 1.53 bln. revenues in 2020
250 000
▪ Group market share has quadrupled
200 000 since 2009 to ~13% in Europe and ~12%
in North America
150 000
▪ E-bike target of ~ 250k units set to
quadruple from 2020 by 2025 in addition
100 000
to traditional combustion target of 400k
units
50 000
6,976
0
Units KTM Units HQV
Units GASGAS KTM Units India/Indonesia et al. (distributed by Bajaj)
HQV Units India/Indonesia et al. (distributed by Bajaj) E-Bikes
Source: PIERER Mobility AG 9
Estimation E-Bike Market
Development 2020 units vs. 2025 market assumptions leaves significant room for growth
PIERER E-Bikes
NORTH AMERICA
est. market by 2025: ~1 million units EUROPE
est. market by 2025: ~5 million units 2020: Focus DACH-region
dealer acquisition
E-Bikes 2020
E-Bikes 2020
~3,400,000 Units Sales BY 2020:
56.064 E-Bikes, 17.213 Non E-Bikes
~ 300,000 Units
56.064 units sold
by PIERER E-Bikes Sales Q1 2021:
▪ 19.256 E-Bikes (Q1 2020: 9.299)
▪ 6.694 Non E-Bikes (Q1 2020: 2.597)
2021:
▪ Pan-European roll out
▪ Full integration of Motorcycle
OCEANIA dealer network
est. market by 2025: ▪ Introduction of GASGAS
0.2 million units as third E-Bicycle brand
E-Bikes
~ 100,000 Units 2022: Global roll-out
Market penetration
Source: BIA importer wholesales, NPD Data POS, LEVA-EU Briefing 10Retail Registrations - 2020
Relevant Market Environment Motorcycles > 120cc
Solid Market Share
NORTH AMERICA EUROPE Growth in Key Markets:
450,000 643,000 Registrations
+4% ▪ Europe: 13.3% (+10%)
Registrations
+7% 85,000 Registrations KTM & HQV
▪ North America: 11.9% (+22.8%)
53,500 +15%
Registrations ▪ AUS/NZ: 19.3% (+22.4%)
KTM & HQV CHINA
+31% (Oct C)
51,600
Registrations +88%
4,500 Registrations
KTM & HQV +28%
SOUTH AMERICA*
9,200
Registrations
KTM & HQV
India AUSTRALIA/NEW ZEALAND
+12%
730,000 73,000
Registrations -18% Registrations +16%
59,500 14,000 Registrations
Registrations KTM & HQV +43%
KTM & HQV -6%
Source: PIERER Mobility AG | Europe DE, FR, IT, ES, UK, SE, BE, NL, AT, CH, FI, NO, BALTIC): national data providers (w/o MX) | US: MIC (incl. MX) | CA: MMIC (incl. MX) AU, NZ: ERG (incl. MX)
11
IN: Bajaj Market Intelligence (S2 + S3 segment); JP: RICS (>250cc); ZAF: AMID; China: Mainland
Note: Calculations are Registrations Jan - Dec cumulated | Motorcycles >120cc (excl. ATVs, electric motorcycles and scooters), Total includes ZAF; no P&L impactMotorcycle Wholesales - 2020
Deliveries to Motorcycle Dealer Network & General Importers
Units sold 2020
75,758
Source: PIERER Mobility AG 12
Wholesale (B2B): Sale to Dealer Network reflected in P&LBusiness Growth Driver – Dealers & Showrooms
Already more than 3,200 Motorcycle Dealers & more than 1,400 Bicycle Dealers
▪ Vertical and horizontal
integration of motorcycle
and bicycle dealerships
~3,275
▪ Offline experience &
Flagship Store: Wiesing / Austria 290
supported by online bicycle
2,616 810 sales infrastructure
~1,620
674 ▪ Diverse product mix catering
1,420 +200
340 Motorcycle
140 Dealers
all segments of bicycle and
full vertical integration
GASGAS 2020: ~400 planned dealers 2,175 driving superior margins
1,801
1,280 including strong service
share
# of motorcycle dealers # of bicycle dealers
2016 2020 2020 2021
E-Bicycle Brands: Independent bicycle dealers Motorcycle dealers
Husqvarna, GASGAS, R RAYMON
Source: PIERER Mobility AG; Note: Chart includes subsidiaries and importer dealers (including India) 13
~3,275 Motorcycle Dealers (2,175 KTM, 810 Husqvarna & 290 GASGAS), Europe: ~1,300 Dealers; North America:~ 680 Dealers; India/Indonesia:~ 500 KTM; More than 300 dual brand dealers
~1,420 Bicycle Dealers (1,280 independent bicycle dealers, 140 motorcycle dealers)Cooperation with BAJAJ – stronger increase than planned
Production volume is expected to increase to over 200,000 units over the next years
▪ Production of Husqvarna
Unit CAGR 17-22: ~17.1%
model line 125cc in
~200 Chakan/India in 2020
~50 ▪ Production and Launch
of KTM 390 ADVENTURE
~125.5 in 2020
Vitpilen 250 / 401
390 ADVENTURE ~110.5 5.2
Svartpilen 250 /401 ~70 ▪ No capacity restriction in
90.9 94.4 Chakan factory/India
56.4
66.2
47.1 49.6 ▪ US Dollar natural hedge
7.9 ~35
▪ Development of a common
56.0 48 volt electric two-
125/200/250/390 DUKE RC 125/200/390 Units in k wheeler platform in the
2017 2018 2019 2020 22E power range 4 to 11 kW
for planned serial
KTM units distributed by KTM (joint products) production in India
License fee model
Husqvarna units distributed by KTM (joint products) KTM & Husqvarna
KTM units distributed by Bajaj (license fee model)
2019: 4-5%
Husqvarna units distributed by Bajaj (license fee model)
Source: PIERER Mobility AG 14Joint-Venture with CFMOTO - Ready to start SOP Q2/2021
High-end motorcycle market is growing 40% p.a.
Joint venture with long-term Chinese partner CFMOTO
▪ CFMOTO is sole distributor for KTM in China CFMOTO-KTMR2R MOTORCYCLE FACTORY
▪ Sales BY 2020: ~ 7,300 units
▪ Twin-cylinder platform will be available for
CFMOTO and KTM products
▪ SOP first product ‘CFMOTO–MT800’ in Q2 2021
▪ Massive increase of cooperation level:
Production of 750 DUKE, 750 ADVENTURE,
750 SUPERMOTO T for China domestic plus
global markets in the JV factory
▪ 750 cc displacement as additional product
range for KTM
Production capacity of around 50k motorcycles
790 Duke MY2020
Source: PIERER Mobility AG 15Pankl AG Group simplified Group structure as of May 2021 Source: Pankl AG 17
Who are we?
… specializes in developing and … specializes in developing and
manufacturing engine and drivetrain manufacturing pumps and engine
components for racing cars, high components for passenger cars and
performance vehicles and the trucks and off-highway applications
aerospace industry. as well as brake discs.
Source: Pankl AG 18History
Growth into the leading system supplier and development partner of high-performance components
2003 2008
Expansion of the Kapfenberg Construction of the
1985 1998 location Topoľčany factory 2012
Pankl Racing Systems was Initial public offer Acquisition of Acquisition of 51% in
found as a supplier for the (EASDAQ) Northbridge Motorsport Pankl Turbosystems
motorsport industry 1994 2006 GmbH
Extended factory
Second Company Division
Aerospace
1. Expansion in
Bruck/Mur and 2004 Entry of
CROSS Industries space in Bruck an der
beginning of 2. Expansion Bruck/Mur Mur
internationalization Founder sells his shares
Acquisition of Carrillo
Industries
New high performance Pierer Industrie AG
factory in Kapfenberg acquires 98.2% of Pankl Renaming of the „Pankl
Racing Systems AG SHW Industries AG“ to
Majority stake in SHW „Pankl AG“
Acquisition of Krenhof
AG reached after the AG
purchase offer (50.2%) “High-Tech Forging“
Platform for a strategic
cooperation between
New technology at Pankl Pankl and SHW
„Additive Manufacturing“ established Pankl Cooling Systems
Extended factory space at New location in China 2020
New automated forging
press at Pankl Forging in
2017 2017 Pankl Automotive Slovakia (Dalian)
Kapfenberg
2014 2018 2019 2021
2018
Source: Pankl AG 19History
World’s leading manufacturer of CO2 optimized pumps and engine components
1954 1978
1365 1925 Start of brake discs Hydraulic pump
First documented mentioning SHW constructs a production at its plant in production begins in the
of SHW. prototype of a car Tuttlingen-Ludwigstal. new plant in Bad
1921 Schussenried.
Foundation of Schwäbische
Hüttenwerke GmbH (SHW
GmbH). The business 1963
activities initially started in SHW starts sintered
the mining sector, operating component production.
a foundry and trading in raw
materials.
2017 2018 2019 2020
2005 Acquisition of Lust
Pierer Industrie AG
acquires 98.2% of Pankl
In June 2019 SHW AG
moves from the
Legal independence of the
Hybrid-Technik GmbH in brake discs subdivision to
Spin-off of the non-automotive Racing Systems AG
Hermsdorf, Thuringia. regulated market "SHW Brake Systems GmbH"
business units from the SHW Majority stake in SHW (General Standard) of and "SHW Gießerei GmbH &
Group. AG reached after the the Frankfurt Stock Co. KG". Both companies
purchase offer (50.2%) Exchange to the open remain 100% SHW Group
Platform for a strategic market of the Munich companies.
cooperation between Stock Exchange in the
2011 Pankl and SHW m:access segment.
SHW, which operates as SHW established.
AG, goes public.
Source: Pankl AG 20Highlights
Revenues 583 m€
Global footprint 19 factories
3.600 employees worldwide
Innovation leader
Global market leader: titanium connecting rods, driveshafts
Leading manufacturer of pumps, brakes, pistons, driveline systems and main- and tailrotorshafts
High Tech | High Speed | High Quality
Innovative High-Tech solutions
Global distribution network
State-of-the-Art technology
Source: Pankl AG 21Development partner with system competence
and a high level of added value
SINTERING CASTING FORGING ADDITIVE MACHINING HEAT
DEVELOPMENT TECHNOLOGY TECHNOLOGY TECHNOLOGY MANUFACTURING TREATMENT ASSEMBLING TESTING SERVICE
Source: Pankl AG 22Pankl Group Products
Powertrain | Chassis
Cranktrain Motor E-Turbo Sinter Cooler Additive
Pumps Parts Manufactured
76%* Parts
Driveshaft Hub Forged Upright Gearing Transmission
Aluminum Parts Pumps
Brakes
18%*
Lightweight Composite Brake Drum Processed Brake Discs Unprocessed
Brake Discs Brake Discs
Aerospace
6%*
Engine Main Rotorshaft Tail Refuelling Tube
Shaft Rotorshaft
*Revenue distribution by segments 2020 Source: Pankl AG 23Pankl Additive Manufacturing Competence Center
COMPLETE PROCESS Technology USP´s
CHAIN
- EXTREME LIGHTWEIGHT CONCEPTS
- SHORT LEAD TIME
- REDUCED NUMBER OF COMPONENTS
- TOPOLOGY OPTIMIZATION
- INTEGRATED FUNCTIONS & NEW DESIGN POSSIBILITIES
- Powder Development & Atomization
- Design | FEA | Topology Optimization
- Printing
- HIP and Heat Treatment
- Post-Processing
- Material Investigation
- Laboratory Testing
- Components Testing
Partner of the Pankl Additive Manufacturing Competence Center
Source: Pankl AG 24Top Ten Customers 2020 Source: Pankl AG 25
Pankl Group worldwide
Global sales network - 19 production sites and 3,600 employees
Germany Austria
UK
Kapfenberg, Bruck/Mur,
Köflach, Mannheim,
US Topoľčany, Irvine,
Cerritos, Leicester,
Dalian, Tokyo
Canada
Japan
Aalen, Bad Schussenried,
Hermsdorf, Neuhausen
Brazil China
ob Eck, Tuttlingen,
Timişoara, Toronto,
Sao Paulo, Kunshan
Slovakia Romania
Source: Pankl AG 26New factory building - Pankl Aerospace High Tech Park
Ground-breaking ceremony in October 2020
South view
East view
Source: Pankl AG 27Krenhof - Forging Technology since 1686
“A little bit better every day.”
Krenhof is an established medium series forgings supplier for automobile, truck, off highway, motorcycle and construction industry brands.
Capabilities Products Customers
People
240+ forging experts handling the
whole process; from raw material
cutting, pressing tool design and
production, forging, heat treatment, to
quality control
High-Tech Forging
• 9 pressing lines producing app. 12 mil.
parts per year
• In-house heat treatment
Engineering technologies
• CAD Catia
• CAM 3 and 5 axes
• FEA Deform
In-house tool shop & labs
•Anti wear 100% plated tools
• Complex hot steel forgings between 0.2 and 6.0 kg
•Metallography lab
• Parts for engines, transmission, steering, axles,
•Destructive testing lab bevel gears, chassis and parts for formwork
•Measurement lab • Series up to 500,000 pcs
Source: Pankl AG 28Pierer Industrie Group
Key Facts & Sustainability
29Pierer Industrie Group
Key figures
in EURm
∆
Pierer Industrie Group FY 2018 FY 2019 FY 2020 2019 / 2020
Profit & Loss:
Revenues 2,078.7 2,171.1 2,101.3 -69.8
EBITDA 267.3 313.1 280.6 -32.5
EBITDA margin 12.9% 14.4% 13.4% -1.1%
EBIT 138.7 149.4 96.9 -52.5
EBIT margin 6.7% 6.9% 4.6% -2.3%
Earnings 82.2 104.0 49.1 -54.9
Balance sheet:
Balance sheet total 2,204.5 2,468.3 2,737.5 269.2
Equity 943.9 961.8 940.8 -21.0
Equity ratio 42.8% 39.0% 34.4% -4.6%
Net working capital (NWC) 395.0 422.9 303.3 -119.6
Net debt -540.6 -678.8 -732.2 -53.4
Financing:
Gearing 57.3% 70.6% 77.8% 7.2%
Net debt / EBITDA 2.0 2.2 2.6 0.4
Stable capital structure
Source: Pierer Industrie AG 30
30Pierer Industrie Group
Key facts
▪ Leading market position with PIERER Mobility in a growing Powered
Two-Wheeler industry with a scalable business model
▪ Pankl as a leading supplier of engine and drivetrain systems to the
motor racing, luxury automobiles and the aviation industry
▪ Sustainable long-term growth perspectives and business opportunities
▪ Good diversification through geographic regions and product range
▪ Strong and long-lasting customer base
▪ Conservative dividend policy
▪ Solid financing strategy
▪ Stable and committed management/shareholder structure with high sector
expertise
31
31Pierer Industrie Group
Sustainability activities
Main topics and current measures PIERER Mobility AG
▪ Reporting in accordance with "GRI Standards": "Core" option, achieved for the first time
▪ External assurance for the first time (independent limited assurance engagement)
▪ Implementation of ISO 14001:2015 (environmental management system) completed
mid-2021
▪ Expansion of waste management
▪ Successful series transition to the new Euro 5 emissions standard
▪ CO2 balance per vehicle sold improved
▪ Construction of a photovoltaic system on the roof of the KTM logistics center (total area
40,000 m², in 2021 commissioning of the first modules on an area of 24,000 m²)
▪ Completion of the new competence and development center for electromobility in Anif
near Salzburg, up to 300 people will be employed here
▪ Development of a PTW bend warning system in cooperation with Volkswagen to reduce
the risk of collision with a concealed motor vehicle (a patent application was filed)
32
32Pierer Industrie Group
Sustainability activities
Main topics and current measures Pankl AG
▪ Strong focus on additive Manufacturing
▪ Certifications for environmental and energy management system
(ISO 14001, ISO 50001, …)
▪ The product portfolio is consistently focused on CO2-optimizing vehicle components
▪ The Group is one of the world's leading manufacturers of composite brake discs. The
two-piece design is durable and reduces the weight per brake disc.
▪ Development of individual e-pumps together with customers
▪ Development of advanced system modules such as oil cooling units and thermal
management systems
▪ Development of NEW and OWN firing process in the simulation segment (a patent
application was filed)
▪ Resource-saving production at all company locations
▪ Implementation of climate protection strategy started: Focus on CO2 balancing and
on CO2 avoidance.
33
33Pierer Industrie Group
Appendix
34Pierer Industrie Group
Consolidated balance sheet as of 12/31/2020 - ASSETS
12/31/2020 12/31/2019
EURk EURk
Assets:
Non-current assets:
Goodwill 206,364 205,641
Intangible assets 595,717 563,051
Property, plant, and equipment 740,195 628,070
Investment property 7,640 0
Investments accounted for using the equity method 13,261 17,719
Deferred tax assets 39,149 32,221
Other non-current assets 26,767 18,992
1,629,093 1,465,694
Current assets:
Inventories 415,665 453,697
Trade receivables 213,523 253,515
Receivables and other assets 116,488 98,543
Tax refund claims 1,090 6,440
Cash and cash equivalents 352,719 190,409
Assets held for sale 8,906 0
1,108,391 1,002,604
2,737,484 2,468,298
Source: Pierer Industrie AG 35Pierer Industrie Group
Consolidated balance sheet as of 12/31/2021 - EQUITY & LIABILITIES
12/31/2020 12/31/2019
EURk EURk
Equity and liabilities:
Equity:
Share capital 1,000 1,000
Perpetual bond 27,700 37,700
Other reserves including retained earnings 390,179 422,327
Equity of the owners of the parent company 418,879 461,027
Non-controlling interests 521,900 500,758
940,779 961,785
Non-current liabilities:
Financial liabilities 947,448 699,415
Liabilities for employee benefits 66,394 68,589
Deferred tax liabilities 137,891 130,878
Other non-current liabilities 14,985 21,036
1,166,718 919,918
Current liabilities:
Financial liabilities 137,455 169,829
Trade payables 325,889 284,311
Provisions 21,860 21,364
Tax liabilities 14,808 4,897
Other current liabilities 126,975 106,194
Liabilities in connection with assets held for sale 3,000 0
629,987 586,595
2,737,484 2,468,298
Source: Pierer Industrie AG 36
36Pierer Industrie Group
Consolidated income statement January to December 2020
FY 2020 FY 2019
EURk EURk
Revenue 2,101,326 2,171,132
Production costs of the services
provided to generate the revenue -1,582,680 -1,608,377
Gross profit from sales 518,646 562,755
Selling and racing expenses -213,869 -240,623
Research and development expenses -49,621 -52,052
Administration expenses -155,914 -137,607
Other operating expenses -10,739 -5,481
Other operating income 9,580 26,236
Earnings from at-equity holdings -1,225 -3,868
Result from operating activities 96,858 149,360
Interest income 1,809 3,205
Interest expenses -23,407 -23,271
Other financial and investment income (expenses) -4,685 -853
Result before taxes 70,575 128,441
Income taxes -21,433 -24,419
Profit or loss for the financial year 49,142 104,022
thereof owners of the parent company 5,098 39,307
thereof non-controlling shareholders 44,044 64,715
Source: Pierer Industrie AG 37
37Pierer Industrie AG
Contact details
PIERER Industrie AG
Edisonstrasse 1
4600 Wels
Austria
www.piererindustrie.at
E-Mail: info@piererindustrie.at
Phone: +43 7242 / 69 402-0
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