PRESENTATION OF INCOME FOR THE FIRST QUARTER OF 2021 - Bergisch Gladbach, May 12, 2021
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PRESENTATION OF INCOME FOR THE FIRST QUARTER OF 2021
Bergisch Gladbach, May 12, 2021
KEY DEVELOPMENTS Q1 2021
AGILITY OF SMES PAYS OFF
Noticeable recovery (especially in the segments of Engineering and Metals
Technology)
Positive effects from the INTERIM SPRINT package of measures and the
reduction in personnel costs
Strong liquidity position due to capital increase secures ability to make future
acquisitions
Conditions remain uncertain; increasing challenges due to material price
increases and material availability
Forecast for 2021 confirmed
2
INDUS IN FIGURES
INCOME Q1 2021
REVENUE (in EUR million) EBIT (in EUR million) EBIT MARGIN (in %)
-0.2%
401.2 400.4
+56.3% +2.2pp
16.0 25.0
4.0 6.2
Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021
INDUS IN FIGURES
KEY FIGURES Q1 2021
OPERATING CASH FLOW
(in EUR million) NET DEBT (in EUR million) EQUITY RATIO (in %)
-4.6%
518.9 494.9
+1.9 pp
USE OF EMISSION REVENUE FOR FURTHER GROWTH
ACQUISITIONS IN DEFINED GROWTH INDUSTRIES
2021: STRENGTHENING THE PORTFOLIO STRUCTURE
“In the current favorable M&A environment, we want to be able to act ENGINEERING SEGMENT
quickly in order to acquire new hidden champions. We are currently in
promising talks with several companies. In particular, we want to achieve Closed Fully integrated control Acqui-
January 2021 room specialist sition
further progress in the growth industries defined in our
PARKOUR strategy program.” FUTURE FIELD: MEASUREMENT TECHNOLOGY AND CONTROL
Dr. Johannes Schmidt, Chairman of the Board ENGINEERING
CONSTRUCTION SEGMENT
Highly digitalized
Signed Acqui-
manufacturer of plastic and
March 2021 sition
aluminum windows
ADDITIONAL LIQUIDITY ENSURES ROOM FOR MANEUVER FUTURE FIELD: DIGITALIZATION IN THE CONSTRUCTION SECTOR
5
INVESTMENT IN GROWTH INDUSTRIES
SIGNIFICANT INCREASE IN M&A ACTIVITIES SINCE THE BEGINNING OF THE YEAR
AS OF MAY 12, 2021
Automation and Measuring Technology and Control
Engineering
GROWTH Infrastructure and logistics technology Promising transactions currently in progress
INDUS-TRIES
Construction technology Focus on non-cyclical business models to further diversify the portfolio
Safety technology Focus also remains on acquiring second-tier subsidiaries
Medical engineering for the ageing society
Energy and environmental technology
Sales: EUR 20–100 million
Double-digit return on sales Liquidity situation offers room for maneuver
FINANCIAL
Equity ratio > 30% INDUS in demand as a strong partner for hidden champions
CRITERIA
Cash flow orientation Reasonable valuations possible through “INDUS total package”
Low/no bank liabilities
BUY, HOLD & DEVELOP
6
AGENDA
1 OUR DNA
2 PARKOUR - UPDATE
3 INDUS IN FIGURES - Q1 2021
4 OUTLOOK
5 ANNUAL SHAREHOLDERS’ MEETING, SHARE AND DIVIDEND
6 APPENDIX
7
THE SME HOLDING COMPANY
ACQUISITION AND DEVELOPMENT OF MEDIUM-SIZED HIDDEN CHAMPIONS
We predominantly acquire owner-
managed companies from the
manufacturing SME sector. We
support them in their long-term
orientation and entrepreneurial
development.
8
INDUS BUSINESS MODEL
GERMAN SMES ARE OUR PASSION
INDUS – leading specialists for long-term investment
and development of SMEs in the German-speaking market
Investment in medium-sized hidden champions in manufacturing
ʜ Diversified portfolio of 47 companies
Growth and stable earnings through a
sustainable corporate strategy
BUY, HOLD & DEVELOP
9INDUS BUSINESS MODEL
INDUS AS A...
MAJORITY FINANCIAL HOLDING
SHAREHOLDER COMPANY BANK CONSULTANT
Long-term holding Financing tasks relating Company acquisitions Expertise
perspective to the management of Investments in property, Strategic sparring
Operational the portfolio companies plant and equipment partner
responsibility remains Financial statement Development bank for Networking
with the portfolio accounting, taxation, innovations Knowledge transfer
companies legal at holding company Financing of
Preservation of the level internationalization
corporate culture
ON THE SIDE OF THE PORTFOLIO COMPANIES FOR THE LONG TERM
10INDUS BUSINESS MODEL
INDUS PORTFOLIO COMPANIES HAVE AN INTERNATIONAL PRESENCE
Breakdown of sales by region
Germany Europe Rest of world
Employees by region
Germany Europe Rest of world
Sales and employees worldwide THE INDUS GROUP
HAS LOCATIONS IN
32
Sales: EUR 1.56 billion
Employees: 10,644
(As of 31 Dec. 2020)
COUNTRIES WORLDWIDE
Sales and employee figures and locations as of Dec. 31, 2020,
Europe = EU and Switzerland.
11ISS ESG RATING
SUSTAINABILITY AS AN INTEGRAL COMPONENT – AWARDED FOR THE FIFTH TIME
“PRIME” STATUS IN ISS ESG RATING
Top position in ISS ESG rating for the fifth time in a row
INDUS received a “C+” rating in “Corporate ESG Performance”
and hence also “Prime” status
Top position in the international peer group of “Financials /
Multi-Sector Holdings”
12CREATING SUSTAINABLE VALUES
OUR PROMISES TO OUR STAKEHOLDERS
SHAREHOLDERS SELLING
“We preserve people’s life’s
ENTREPRENEURS work and ensure the
They have the opportunity to invest in a broadly
identity, continued existence
diversified managed portfolio of German- and successful further
language SMEs – with a reliable dividend from development of the portfolio
a stable balance sheet. companies.”
Dr. Johannes Schmidt
Chairman of the Board of Management
PORTFOLIO CUSTOMERS,
COMPANIES EMPLOYEES,
SOCIETY AND
THE ENVI-
They get a secure framework for continuous They benefit from INDUS as a sustainable
RONMENT
development in fast-changing markets. member of society.
13AGENDA
1 OUR DNA
2 PARKOUR - UPDATE
3 INDUS IN FIGURES - Q1 2021
4 OUTLOOK
5 ANNUAL SHAREHOLDERS’ MEETING, SHARE AND DIVIDEND
6 APPENDIX
14THE PARKOUR STRATEGY
INCREASE PERFORMANCE
1 STRENGTHEN THE PORTFOLIO
STRUCTURE
2 DRIVE INNOVATION 3 INCREASE PERFORMANCE
151. STRENGTHEN THE PORTFOLIO STRUCTURE
GROWTH THROUGH ACQUISITIONS
2021
GROWTH ACQUISITIONS
At least 2 growth
acquisitions planned
Signing Q4 2020, closed Signing Q1 2021,
January 1, 2021 closed May 18, 2021
2015 2017 2019 2021
202
2016 2018 2020
ESDA MBH ELECTRONIC EQUIPMENT ABILITY PRODUCTS INC.
COMPLEMENTARY ADDITIONS
NEA COMPUTEC OFA acquires trading firm for medical
MURINOX IN-SITU aids
EUMATIC WIESAUPLAST-PMC de México* PORTFOLIO COMPANY acquires
ZWEICOM provider of air conditioners
CAETEC
* Acquisition of the remaining 55% stake.
162. DRIVING INNOVATION
HOW INDUS SUPPORTS INNOVATION
INNOVATION
DEVELOPMENT BANK STRATEGIC PROJECTS KNOWLEDGE NETWORK
Supporting innovation Deriving innovation Market and trend analyses Recruiting experts
projects strategies Managing innovation Universities
Development of new Overcoming anti- processes
technologies and markets Sharing experience and
innovation bias knowledge Group-wide
Innovation portfolios
With max. 80% of the
Technology & innovation
project volume
roadmap
173. IMPROVING PERFORMANCE
HOW INDUS PROMOTES OPERATIONAL EXCELLENCE
OPERATIONAL EXCELLENCE
STATUS CHECK IMPLEMENTATION KNOWLEDGE COOPERATION
Identifying and Support for Platform for sharing Establishing and
prioritizing potential for transformation and knowledge maintaining a partner
improvement optimization projects network
Technical lectures,
Deriving concrete Sparring partner, project workshops, training Deployment of partners in
recommendations for management and courses, networking of the two pillars of
action operational cooperation portfolio companies implementation and
knowledge
183. IMPROVING PERFORMANCE
HOW INDUS PROMOTES FINANCIAL EXCELLENCE
FINANCIAL EXCELLENCE
ˍ
STABILITY & EXPERT FINANCE DIGITALIZATION PROCESS
LIQUIDITY FUNCTION OPTIMIZATION
Ability to act thanks to Training financial Transparency with Consolidation and
significant liquidity buffer managers modern IT and ERP reporting system
landscape landscape which is
Broadly diversified Supporting the portfolio
uniform across the whole
financing basis and long- companies in
Group
standing relationships continuously improving
with lenders the finance function
19OUR GOALS FOR THE COMING YEAR
DIGITALIZATION
DIGITALIZATION
20ADDITIONAL GROWTH AT JUNGMANN
“TACTIC TABLE”: TECHNOLOGY FOR TEAM-BASED SOLUTIONS
MULTICONSOLING
Jungmann Systemtechnik GmbH & Co. KG (JST) FLEXIBLE GESTURE CONTROL
offers comprehensive expertise in the design,
construction and maintenance of control room
solutions.
SAFE HANDLING
Employees:
Approx. 20
ALARM LIGHT FOR VISUAL SIGNALS
Products:
Production control centers, control rooms, IT
control rooms, control centers for crisis
management rooms, security control centers, MAPPING OF EXTERNAL DATA POSSIBLE
traffic control centers, monitoring rooms
FULL ACCESS TO ALL SOURCES
21AGENDA
1 OUR DNA
2 PARKOUR - UPDATE
3 INDUS IN FIGURES - Q1 2021
4 OUTLOOK
5 ANNUAL SHAREHOLDERS’ MEETING, SHARE AND DIVIDEND
6 APPENDIX
22OVERVIEW Q1 2021
SUCCESSFUL START TO THE 2021 FINANCIAL YEAR
KEY EARNING FIGURES (in EUR million) Q1 2021 Q1 2020 ∆ in %
Revenue 400.4 401.2 -0.2
Good business performance despite coronavirus EBITDA 47.7 39.3 21.4
restrictions EBIT 25.0 16.0 56.3
Beginning recovery of the Automotive EBIT margin (in %) 6.2 4.0 2.2pp
EBT 19.8 13.5 46.7
Technology, Engineering and Metals Technology
Earnings after taxes 12.1 8.9 36.0
segments
Reduction in operating cash flow due to CASH FLOW KEY FIGURES
expected increase in working capital due to Operating cash flow -15.0 2.6 < -100
revival of the business Cash flow from operating activities ´ -17.6 0.1 < -100
Cash flow from investing activities -38.3 -7.8 < -100
Cash flow from investing activities influenced by Cash flow from financing activities 118.0 36.7 >100
acquisition of JST of which payment from capital increase 88.4 0.0
Cash and cash equivalents at the end of the period 257.3 163.8 57.1
Exceptionally high cash flow from financing
activities due to capital increase STATEMENT OF FINANCIAL POSITION KEY FIGURES March 31, 2021 Dec 31, 2021 ∆ in %
Slight increase in equity ratio due to capital Total assets 1,890.9 1,728.8 9.4
Equity 775.2 676.4 14.6
increase
Equity ratio (in %) 41.0 39.1 1.9pp
Confirmation of the outlook for the full year 2021 Net debt 494.9 518.9 -4.6
23GENERAL MARKET DEVELOPMENT IN Q1 2021
INCONSISTENT PICTURE OF INDIVIDUAL MARKET SEGMENTS
CONSTRUCTION/ AUTOMOTIVE MEDICAL
INFRASTRUCTURE TECHNOLOGY ENGINEERING ENGINEERING/ METALS TECHNOLOGY
LIFE SCIENCE
No effect from pandemic Demand from the USA Higher number of Development still Noticeable upward
noticeable, construction and China increasing incoming orders negatively affected by trends
sector remains economic coronavirus restrictions
pillar Uncertain impact of Decreasing investment Increasing prices for
chip shortage on sales restraint High regulatory raw materials
Currently rising raw figures expenditure (MDR
material prices Increasing prices for raw certifications)
Increasing prices for materials
Longer delivery times of raw materials Increasing prices for
primary raw materials
materials/availability
24REVENUE BY SEGMENT Q1 2021
INCREASE IN REVENUE IN THREE OUT OF FIVE SEGMENTS
MEDICAL
CONSTRUCTION/ AUTOMOTIVE ENGINEERING/
INFRASTRUCTURE TECHNOLOGY ENGINEERING LIFE SCIENCE METALS TECHNOLOGY
+2.7% -11.4% +9.8% +0.5%
(in EUR million)
-8.0%
93.5 96.0 78.9 92.6 106.1 106.6
69.9 84.3 38.7 35.6
Revenue
Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021
25EBIT BY SEGMENT Q1 2021
SIGNIFICANT IMPROVEMENT IN THREE OUT OF FIVE SEGMENTS
MEDICAL
CONSTRUCTION/ AUTOMOTIVE ENGINEERING/
INFRASTRUCTURE TECHNOLOGY ENGINEERING LIFE SCIENCE METALS TECHNOLOGY
-4.5% >100% +12.2%
EBIT (in EUR million)
0.0%
+19.2%
15.5 14.8 8.9 9.0 10.1
-12.0 -9.7 2.6 3.1 3.1
Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021
26DEVELOPMENT IN THE AUTOMOTIVE TECHNOLOGY SEGMENT
STRUCTURAL IMPROVEMENT AND “INTERIM SPRINT” PACKAGE SHOW PROGRESS
MARKET DEVELOPMENT AUTOMOTIVE TECHNOLOGY SEGMENT
Structural crisis in the automotive sector
Critical businesses are redefining themselves, and
intensifies. Alternative drive forms are becoming Sales (EUR million): 350.3
extensive repositioning is underway to align
2019 more attractive. Series sup-pliers coming under EBIT (EUR million): -35.8
series suppliers with the requirements of future
pressure. Negative market trend is establishing EBIT margin (%): -10.2%
technologies.
itself.
Structural crisis in automotive sector exacerbated Establishment of foreign low-cost production
Sales (EUR million): 269.2
by coronavirus pandemic. facilities and relocation of value creation at SMA
2020 Improvement at the end of the year due to
EBIT (EUR million): -87.8
and Selzer; “INTERIM SPRINT” package of
EBIT margin: -32.6%
strong export performance. measures and sale of KIEBACK.
Successful expansion of foreign production
Sales: strong increase
Automotive suppliers announce improvement, facilities at SMA and Selzer.
2021 good order volumes and increase in call-offs.
EBIT: strong increase
First series ramp-ups in 2021; significant capacity
EBIT margin: negative
utilization and cost recovery only starting in 2022.
27MAKING THE AUTOMOTIVE TECHNOLOGY SEGMENT “FIT FOR THE FUTURE”
UPDATE ON THE PORTFOLIO COMPANIES
INDEPENDENCE OF
PASSENGER CAR SERIES INDEPENDENT CONV.
COMPANY DESCRIPTION PRODUCTION BUSINESS DRIVE TECHNOLOGY FOCUS ON PROMISING DRIVE FORMS, STRATEGY
Significant market potential through the provision of system
Heating and air conditioning systems for vehicles
solutions, especially for electric buses
Innovative cold extrusion parts, turning parts and Specialist for cold extrusion parts with exciting post-processing;
locking screws development potential in general industry
Measurement systems and services for Extensive expertise in thermal management; essential technology
automotive development for e-mobility
Strengthened competitive position due to competitors exiting the
Model and mold construction for the automotive
market, market access to China through joint venture; considerable
and aviation industries
potential for small series outside OEMs
Components and assemblies for transmissions, New projects focused in the area of hybrid drives; development
brakes and engines potential in assemblies for e-mobility
Manufacturer of spikes independent of drive technology;
Tire studs and carbide tools development potential outside of the automotive industry for very
small carbide parts
Broadening of the global manufacturing footprint and expansion of
Products for automotive air-conditioning and
technological expertise for piping systems in the automotive series
servo technology
production business
Specialist for highly stressed safety-critical plastic parts; increasing
Plastic parts for automotive technology
share in e-mobility
2021 TARGET: POSITIVE EBIT CONTRIBUTION FROM ALL PORTFOLIO COMPANIES EXCEPT SMA & SELZER
28CONSTRUCTION/INFRASTRUCTURE Q1 2021
ENCOURAGING EBIT MARGIN OF 15.4%
(in EUR million) Q1 2021 Q1 2020 ∆ in %
Revenue with external third parties 96.0 93.5 2.7
Earnings still very high and in line with expectations
EBITDA 18.9 19.4 -2.6
Majority of portfolio companies record stable performance on par Depreciation/amortization -4.1 -3.9 -5.1
with previous year EBIT 14.8 15.5 -4.5
Individual portfolio companies see slower winter months EBIT margin (in %) 15.4 16.6 -1.2 pp
Investments 3.4 4.1 -17.1
Rising raw material prices and availability of required materials
have an increasing impact (price pass-through and stockpiling)
Revenue EBIT and EBIT margin
Investments in fixed assets below the previous year
+2.7%
16.6% 15.4%
2021 forecast confirmed:
-4.5%
Slight fall in revenue 93.5 96,0
Fall in EBIT 15.5 14.8
EBIT margin: 13–15%
Q1 2020 Q1 2021 Q1 2020 Q1 2021
29AUTOMOTIVE TECHNOLOGY Q1 2021
POSITIVE EFFECTS FROM “INTERIM SPRINT” MEASURES – 2021 A YEAR OF TRANSITION
(in EUR million) Q1 2021 Q1 2020 ∆ in %
Revenue with external third parties 69.9 78.9 -11.4
Improvement of operating income mainly due to positive impact
EBITDA -3.1 -5.0 38.0
INTERIM SPRINT package of measures
Depreciation/amortization -6.6 -7.0 5.7
Restructuring processes proceeding according to plan at two series EBIT -9.7 -12.0 19.2
suppliers EBIT margin (in %) -13.9 -15.2 1.3 pp
Increase to new production sites and start-up of new series Investments 6.0 0.6 >100
Operating income in 2021 (as expected) continues to be clearly negative
Revenue EBIT and EBIT margin
Improved utilization of capacity in 2022 for both companies
undergoing restructuring due to then improved utilization of capacity -11.4%
-15.2% -13.9%
2021 forecast confirmed: 78.9 69.9 +19.2%
Strong rise in revenue
Strong rise in EBIT -12.0 -9.7
Negative EBIT margin Q1 2020 Q1 2021
Q1 2020 Q1 2021
30ENGINEERING Q1 2021
SIGNIFICANT RECOVERY IN Q1 2021 – ACQUISITION OF JST COMPLETED
(in EUR million) Q1 2021 Q1 2020 ∆ in %
Revenue with external third parties 92.6 84.3 9.8
Overcoming weakness of the previous year beginning to become
EBITDA 14.2 7.7 84.4
apparent
Depreciation/amortization -5.3 -5.1 3.9
Positive operating performance due to significant increase in EBIT 8.9 2.6 >100
number of incoming orders EBIT margin (in %) 9.6 3.1 6.5 pp
JST Jungmann Systemtechnik deconsolidated since January 1, 2021 Investments 27.5 0.6 >100
Investments mainly characterised by acquisition of JST besides
investments in fixed assets Revenue EBIT and EBIT margin
+9.8% 9.6%
3.1%
2021 forecast confirmed: 84.3 92.6 >100%
Strong rise in revenue
Rising EBIT 2.6 8.9
EBIT margin: 7–9%
Q1 2020 Q1 2021 Q1 2020 Q1 2021
31MEDICAL ENGINEERING/LIFE SCIENCE Q1 2021
IMPROVED EBIT MARGIN DUE TO REDUCTION OF COST STRUCTURE
(in EUR million) Q1 2021 Q1 2020 ∆ in %
Revenue with external third parties 35.6 38.7 -8.0
Continued negative impact from coronavirus restrictions at most of
EBITDA 5.8 5.6 3.6
the segment companies
Depreciation/amortization -2.7 -2.5 8.0
Reduced demand for medical supply store items and items for EBIT 3.1 3.1 0.0
elective operations EBIT margin (in %) 8.7 8.0 0.7pp
Increasing EBIT margin due to portfolio companies’ efforts to Investments 0.8 0.9 -11.1
improve the cost structure
Further development for the full year 2021 strongly dependent on Revenue EBIT and EBIT margin
further development of coronavirus restrictions
-8.0%
8.0% 8.7%
0.0%
2021 forecast confirmed: 38.7 35.6
Rising revenue 3.1 3.1
Strong rise in EBIT
EBIT margin: 7–9% Q1 2020 Q1 2021 Q1 2020 Q1 2021
32METALS TECHNOLOGY Q1 2021
POSITIVE EFFECTS FROM “INTERIM SPRINT” MEASURES – EBIT MARGIN INCREASES TO 9.5%
(in EUR million) Q1 2021 Q1 2020 ∆ in %
Revenue with external third parties 106.6 106.1 0.5
Declining revenue compensated for by positive market development
EBITDA 14.0 13.6 2.9
thanks to the “INTERIM SPRINT” package of measures
Depreciation/amortization -3.8 -4.7 19.1
Improvement of the operating income at the majority of portfolio EBIT 10.1 9.0 12.2
companies EBIT margin (in %) 9.5 8.5 1.0 pp
Decommissioning of Bacher AG proceeding according to plan, Investments 0.7 1.8 -61.1
current charges already taken into account in the forecast for 2021
Revenue EBIT and EBIT margin
+0.5%
2021 forecast confirmed: 8.5% 9.5%
Falling revenue 106.1 106.6 +12.2%
Strong rise in EBIT
9.0 10.1
EBIT margin: 7–9%
Q1 2020 Q1 2021 Q1 2020 Q1 2021
33AGENDA
1 OUR DNA
2 PARKOUR - UPDATE
3 INDUS IN FIGURES - Q1 2021
4 OUTLOOK
5 ANNUAL SHAREHOLDERS’ MEETING, SHARE AND DIVIDEND
6 APPENDIX
34ECONOMIC ENVIRONMENT – OUTLOOK 2021
CONTINUED HIGH UNCERTAINTY DESPITE SLOW RECOVERY
(Still) subdued recovery of the global economy due to ongoing
COVID-19 pandemic
Uncertainty about further course of the pandemic in view of faltering
progress with vaccinations and mutations
Risk of a wave of insolvencies and job losses – crisis as a catalyst for
structural change
Reduced private consumption
Positive expectations for investment in equipment
Moderately positive outlook, immediate return to pre-crisis levels
deemed unlikely; GDP forecast for 2021:
Global economy +6.1%
Euro area +4.9% — USA +3.7%
Germany +3.1% — China +9.2%
35SECTOR ENVIRONMENT – OUTLOOK 2021
STILL HIGH UNCERTAINTY DESPITE SLOW RECOVERY
CONSTRUCTION/ AUTOMOTIVE MEDICAL
INFRASTRUCTURE TECHNOLOGY ENGINEERING ENGINEERING/ METALS TECHNOLOGY
LIFE SCIENCE
Cautious start to 2021 Despite a recovery in Slight pick-up due to Mixed picture in the Significant
2021, the pre- positive export Medical improvement in order
The industry is coronavirus level from dynamics Engineering/Life Science backlog in sight
expected to see a 2019 will not be segment
nominal decline in 2021 achieved Propensity to invest on Pick-up expected in
the rise again. Effects of the lockdown 2021
Impact on revenue due noticeable
to chip shortage not yet
predictable
36CONFIRMATION OF 2021 FORECAST (PUBLISHED MARCH 23, 2021)
EXPECTED CONSEQUENCES OF CORONAVIRUS PANDEMIC OUTWEIGH THE SEGMENT FORECAST
CONSTRUCTION/ AUTOMOTIVE MEDICAL ENGINEERING/ METALS
SEGMENTS GROUP ENGINEERING
INFRASTRUCTURE TECHNOLOGY LIFE SCIENCE TECHNOLOGY
2020 PLAN 2020 PLAN 2020 PLAN 2020 PLAN 2020 PLAN 2020 PLAN
Group revenue (in EUR
Falling Rising Rising
billion), segment revenue (in 1.56 1.55 to 1.70 384.0 269.2 370 142.1 Rising 393.6 Falling
slightly sharply sharply
EUR million)
Rising Rising
EBIT (in EUR million) 25.1 95 to 110 64.5 Falling -87.8 31.4 Rising 10.2 Rising sharply 14.4
sharply sharply
EBIT margin (in %) 1.6 5.5 to 6.5 16.8 13 to 15 -32.6 Negative 8.5 7 to 9 7.2 7 to 9 3.7 7 to 9
Acquisitions 1 2
Investments in property, plant
and equipment and intangible 52.5 85 to 90
assets (in EUR million)
Equity ratio (in %) 39.1 < 40
Net debt/EBITDA (years) 3.3OUR 7-POINT TARGET FOR 2025 …
... IS CONFIRMED
1 55 to 60 portfolio companies with revenue significantly over EUR 2 billion.
2 EBIT target margin of 10% reliably reached again.
3 Growth industries are clearly reflected in the portfolio.
4 Innovation has established itself as a growth engine in the portfolio companies.
5 Digitalization: Our companies have successfully managed the transition to the “tech generation”.
6 Operational excellence has been implemented in the value-adding core processes of the portfolio companies.
7 Internationalization has been successfully pursued by the portfolio companies.
38AGENDA
1 OUR DNA
2 PARKOUR - UPDATE
3 INDUS IN FIGURES - Q1 2021
4 OUTLOOK
5 ANNUAL SHAREHOLDERS’ MEETING, SHARE AND DIVIDEND
6 APPENDIX
39ANNUAL SHAREHOLDERS’ MEETING 2021
ONLINE AGAIN
The virtual Annual Shareholders’ Meeting will take place on
May 26, 2021
Board of Management and Supervisory Board propose to the
Annual Shareholders’ Meeting the payment of a dividend of
EUR 0.80 per share
All important documents and information on the website at:
www.indus.de/investor-relations/hauptversammlung/
40DIVIDEND FOR FINANCIAL YEAR 2020 AT PREVIOUS YEAR’S LEVEL
(AS OF MARCH 26, 2021, FOLLOWING CAPITAL INCREASE)
Regular participation of shareholders in At least 50% of profits retained to
Up to 50% of profits distributed
business success strengthen the company
60.0%
46.4% 48.0%
3.8% 41.9% 42.7% 43.9%
3.1%
2.7% 2.6% 2.5% 2.5%
2.1% 24.6%
77.20 83.50 76.30 79.60
EUR 1.50 EUR 1.50 63.10 70.10
EUR 1.20 EUR 1.20 EUR 1.35
EUR 0.80 EUR 0.80 35.80
2014 2015 2016 2017 2018 2019 2020 2014 2015 2016 2017 2018 2019 2020
Dividends Dividend yield INDUS Holding AG balance sheet profit* Distribution ratio
* Balance sheet profit in EUR million
41SHAREHOLDER STRUCTURE FOLLOWING CAPITAL INCREASE (MARCH 26, 2021)
ANCHOR SHAREHOLDERS SUPPORT THE LONG-TERM CORPORATE STRATEGY
SHAREHOLDER STRUCTURE OF INDUS HOLDING AG AS OF APRIL 1, 2021
WKN/ISIN 620010/DE 000 620 010 8
Foundation/IPO 1986/1995
Financial year Jan. 1 – Dec. 31 VERSICHERUNGSKAMMER
Share capital EUR 69.9 million BAYERN 17.7%
26,895,559 no-par bearer H. J. SELZER ET AL. 5.7%
Number of shares
shares
Last capital increase March 26, 2021 WIRTGEN INVEST
Free float Around 70% HOLDING 3.7%
XETRA, Düsseldorf, Frankfurt
Stock exchanges EPINA 2.7%
(regulated market)
Tradegate Exchange, Berlin,
Hamburg, Hanover, Munich, FREE FLOAT* 70.2%
Stuttgart
Index SDAX
Commerzbank,
Designated
Hauck & Aufhäuser, * The German Stock Exchange defines free float as all shares not held by major shareholders (share of share capital
sponsors of at least 5%). According to this definition, free float amounts to 76.6%.
ICF Bank AG
Following entry of the capital increase in the commercial register on March 26, 2021, the total number of voting
rights now amounts to 26,895,559 shares.
42AGENDA
1 OUR DNA
2 PARKOUR - UPDATE
3 INDUS IN FIGURES - Q1 2021
4 OUTLOOK
5 ANNUAL SHAREHOLDERS’ MEETING, SHARE AND DIVIDEND
6 APPENDIX
43THANK YOU
FOR YOUR ATTENTION!
From left to right:
Rudolf Weichert (Member of the Board)
Axel Meyer (Member of the Board)
Dr. Johannes Schmidt (Chairman of the Board)
Dr. Jörn Großmann (Member of the Board)
44CONTACT
CORPORATE COMMUNICATIONS
INVESTOR RELATIONS PUBLIC RELATIONS
DAFNE SANAC Nina Wolf
+49 (0) 2204-4000-32 +49 (0) 2204-4000-73
investor.relations@indus.de presse@indus.deFINANCIAL CALENDAR FINANCIAL CALENDAR 2021 DATE EVENT LOCATION May 12, 2021 Interim report Q1 2021 Publication May 26, 2021 Annual Shareholders’ Meeting 2021 Virtual August 11, 2021 Interim report Q2 2021 Publication November 11, 2021 Interim report Q3 2021 Publication
INDUS PORTFOLIO COMPANIES
CONSTRUCTION/INFRASTRUCTURE SEGMENT
COMPANIES DESCRIPTION LOCATIONS
Anchoring and reinforcement technology Dielsdorf (CH), Cologne (DE), Lauchhammer (DE), Rossens (CH)
Anchoring and reinforcement technology Neuss (DE), Halle (DE)
Sealants made of silicone and acrylic Reichshof/Hahn (DE), Korntal-Münchingen (DE)
Hermaringen (DE), Rosenberg (DE), Oensingen (CH), Ajman (VAE),
Innovative sealing systems for cables and pipes Singapur (SG)
Edge and wrapping veneer Melle (DE), Heath (US), Pusztaszabolcs (HU)
Expansion gap profiles for large projects Wülfrath (DE), Dubai (VAE)
High-quality front door panels Oelde (DE), Chociwel (PL), Malacky (SK), Sittensen (DE)
Air-conditioning devices, hot-air heating systems, inverter heat pumps, air dehumidifiers Lage (DE), Luvia (FIN)
Ventilation and air conditioning planning and construction Friedberg (DE)
Special underground construction for planning and laying cable conduits (data, gas,
water, district heating) Bad Königshofen im Grabfeld (DE)
Powder-coating of facades and ceiling and wall elements Oberviechtach (DE)INDUS PORTFOLIO COMPANIES
AUTOMOTIVE TECHNOLOGY SEGMENT
COMPANIES DESCRIPTION LOCATIONS
Mudau (DE), Grand Rapids (US), Istanbul (TR), Nuenen (NL),
Heating and air-conditioning systems for vehicles Oettingen (DE), Shanghai (CN), Weert (NL)
Innovative cold extrusion parts, turned parts and locking screws Hillesheim (DE), Taicang (CN)
Baden-Baden (DE), Bangalore (IN), Düsseldorf (DE), Eichstätt (DE),
Measurement systems and services for automotive development Olching (DE), Schaffhausen (CH), Wixom (US)
Modules and mold construction for the automotive and aviation industries Osnabrück (DE), Mühlhausen (DE), Munich (DE), Shanghai (CN)
Components and assemblies for transmissions, brakes and engines Driedorf (DE), Sarajevo (BA), Kunshan (CN)
Tire studs and carbide tools Aichhalden (DE)
Line systems for automotive air conditioning and servo technology Backnang (DE), East London (ZA), Halle (DE), Oradea (RU), Shenyang (CN)
Plastic components for automotive technology Wiesau (DE), Novi (US), San José Iturbide (MEX)INDUS PORTFOLIO COMPANIES
ENGINEERING SEGMENT
COMPANIES DESCRIPTION LOCATIONS
Robotic hands and automation systems for manufacturers Overath (DE), Plymouth (US), Wörth an der Donau (DE)
Specialist for logistics and material flows Bielefeld (DE), Delmenhorst (DE), Murrhardt (DE), Schmalkalden (DE)
Burbach (DE), Barcelona (ES), Calgary (CD), Casablanca (MA), Mailand (IT),
Energy technology company Newbury (GB), Nur-Sultan (KAZ), Sandton (ZA), Santiago de Chile (CL),
Shanghai (CN), Singapur (SG), Toronto (CD)
Innovative valve technology for highly demanding industrial applications Vlotho (DE)
Flensburg (DE), Humble (USA), Mumbai (IND), Shanghai (CN),
Fueling technology and repair shop solutions Sheffield (GB)
Components for automation technology Furtwangen im Schwarzwald (DE)
Full solutions for setting up the control room, control center and control station Buxtehude (DE)
Special machinery fo vehicle assembly Ebersbach-Neugersdorf (DE), Changchun (CN), Montgomery (US)
Garching (DE), Dresden (DE), Mansfield (GB), Mérignac Cedex (FR), Seoul
Intergas glovebox systems for industry and research (ROK), Shanghai (CN), Stratham (US)
Hanover (DE), Farnham (GB), Montesson (FR), Peking (CN), Verona/New
Measurement and test systems for vibration control and analysis Jersey (US)
Metal and foreign body detection in production processes Kirchberg im Wald (DE), Colmar (FR)
NC rotary tables and NC rotary tilt tables for technology-intensive positioning of
workpieces Remscheid (DE), Morbach (DE), Grand Rapids (US), Taichung (TWN)
International construction of towers Berlin (DE)INDUS PORTFOLIO COMPANIES
MEDICAL ENGINEERING/LIFE SCIENCE
COMPANY DESCRIPTION LOCATION
Packing non-woven products for medicines, cosmetics, cleaning and care +¸VEDFK '( .¸QLJVZDOGH '( /XEDĆ 3/
Miniaturised high-precision optics :LWWHQEDFK &+ .DÉ 65% 6DXHUODFK '(
Bamberg (DE), Glauchau (DE), Maastricht (NL), Salzburg (AT),
Compression stockings, bandages and custom-made orthoses Waldenbuch (DE)
Individual solutions for surgical cover systems, surgical gowns, textile surgical
consumables Ascheberg-Herbern (DE), Cisnadie (RO), Douar Takad/Sidi-Bibi (MA)
Borgholzhausen (DE), Bloomfield (US), Houten (NL), Silkeborg (DK),
Manufacture and trade of wheels, castors, tyres and accessories for rehabilitation Xiamen (CN)INDUS PORTFOLIO COMPANIES
METALS TECHNOLOGY
COMPANY DESCRIPTION LOCATION
Steel and aluminium assemblies for the rail industry Reinach (CH)
Hard metal tools for road construction and mining, tunnel construction and special
underground engineering, agriculture etc. Aichhalden (DE), Charlotte (US), Taicang (CN)
Metal and sheet metal parts, components, switch cabinets, machine casings Dessau-Rosslau (DE)
Housings for medical systems and professional coffee machines Bättwil (CH)
Stud welding technology and cold formed parts (QQHSHWDO '( ĿDFO«ě &=
Hydraulic blocks and systems Münsingen (DE)
Drive technology, stirring technology, plant construction Munderkingen (DE)
Metal processing and forming technology Bad Marienberg (DE), Eichenstruth (DE)
Metal and plastic components and assemblies Aichhalden (DE)
Stainless steel abrasives for treating surfaces Hattingen (DE), Brantford (CD)INDUS HOLDING AG
DISCLAIMER
This presentation was prepared by INDUS Holding AG (hereinafter referred to as “INDUS”) and is for information purposes only. It does not
constitute an offer or a solicitation to buy or sell securities, nor should it be regarded as a sufficient or adequate basis for any decision. All
information in this presentation has been compiled to the best of our knowledge and belief. However, INDUS assumes no liability whatsoever for
the use of this document or its contents or in any other connection with this document. Furthermore, INDUS assumes no responsibility or
guarantee for the accuracy, up-to-dateness or completeness of the information and opinions contained therein. Duplication, distribution or
reproduction of this document or parts thereof is not permissible without the written consent of INDUS.
This presentation may contain forward-looking statements. These statements are based on the current estimates and forecasts of the INDUS Board
of Management and the information currently available. The forward-looking statements should not be understood as guarantees of the future
developments and results of INDUS mentioned therein, which are dependent on a number of factors. They include various risks and uncertainties
and are based on assumptions that may turn out to be incorrect. INDUS does not assume any obligation beyond the legal requirements to update
the forward-looking statements contained in this presentation.
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