bauer aktiengesellschaft
TRANSCRIPT
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011
BAUER Aktiengesellschaft
In-house exhibition in Schrobenhausen, Germany
Analyst Conference
fiscal year 2011 Munich, April 13, 2012
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 2
Total Group revenues (in EUR million)
1,527 1,276 1,304 1,372
2008 2009 2010 2011
1,600
1,200
800
400
0
2008 2009 2010 2011
Orders in hand (in EUR million)
671.6 508.9 614.9 750.0 800
600
400
200
0
Net profit (in EUR million)
107.5 42.0 39.8 34.1
2008 2009 2010 2011
120
90
60
30
0
Key Figures FY 2011
2008 2009 2010 2011
Employees (in average)
8,674 8,872 9,094 9,646 10,000
7,500
5,000
2,500
0
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 3
Mission & Strategy
Services, equipment & products dealing with ground
and groundwater
Our mission
Our strategy
The world is our market.
World market leadership for foundation technology.
Powerful development of drilling applications and related
services for resources, water and energy markets.
Optimizing worldwide organizational networks and self
controlling structures for the Group.
Growth 5 to 12 % per year.
MC 128 – Cutter works in Jeddah, Saudi Arabia
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 4
Key Figures FY 2011
2010
in EUR million
2011
in EUR million
∆ FY
in %
Q4 2011
in EUR million
Total Group revenues, of which
- Germany
- International
- Construction
- Equipment
- Resources
- Consolidation / Other
1,304.0
339.1
964.9
615.4
581.7
177.7
- 70.8
1,371.8
370.3
1,001.5
582.1
661.0
211.5
- 82.8
5.2 %
9.2 %
3.8 %
- 5.4 %
13.6 %
19.0 %
n/a
362.9
106.7
256.2
166.4
173.9
48.8
- 26.2
Sales revenues 1,131.7 1,219.6 7.8 % 348.8
Orders received 1,410.0 1,506.9 6.9 % 344.7
Orders in hand 614.9 750.0 22.0 % n/a
EBITDA 165.5 164.5 - 0.6 % 52.0
EBIT 88.4 82.3 - 6.9 % 30.8
EBIT margin in % (of sales revenues) 7.8 6.7 n/a 8.9
Net income 39.8 34.1 - 14.3 % 19.9
Earnings per share in EUR 2.04 1.86 - 8.8 % n/a
Equity ratio in % 33.2 31.6 n/a n/a
Number of employees (average over the year) 9,094 9,646 6.1 % n/a
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 5
Contents
Regional breakdown of Revenues 3
Financials 2011 4
Overview BAUER Group 1
5 BAUER share
6 Guidance 2012
BAUER market environment 2
p. 6
p. 13
p. 15
p. 17
p. 25
p. 27
7 Appendix: Current projects & investments p. 28
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 6
1 BAUER Group The three segments
Target: ~ 40 % of
total Group revenues
Market leader in
specialist foundation
equipment
New products for
mining, deep drilling
and offshore drilling
80 % of revenues
from sales abroad
Multi-branding
strategy
Target: ~ 40 % of total Group revenues
Global provider for specialist foundation engineering services
Specialist construction services
Focus on complex, international projects
Target: ~ 20 % of
total Group revenues
Activities in
environmental
technology, mining,
deep drilling, well
construction,
materials
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 7
What is specialist foundation? Building an excavation pit
1
Ground Water
Injection Anchor
Sealing Slab
Supporting Wall
Underpinning
Injection
Pile Foundation
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 8
What is specialist foundation used for? Applications for projects
1
Foundations Cut-off walls Excavation pits
Buildings Infrastructure Water – Energy Industry
Ground improvement
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 9
Resources Segment The three divisions
1
Environment about 45 % of revenues*
Exploration & Mining
Services about 23 % of revenues*
Materials about 32 % of revenues*
Full-line provider for
materials in the field of
well construction
geothermal energy
distribution of gas/water/
geothermal energy
Production drilling
(for example: water wells)
Exploration drilling
Preparative work for the mining
of resources
Complete solutions in the field
of geothermal energy
Special solutions for mining
resources
Disposal of polluted areas
Cleaning of process water
and effluents
Processing of drinking water
Cleaning of extracted air
High purity systems
Brewing technology
High purity water systems * based on figures FY 2011
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011
in EUR million (segment after decucting Other/Consolidation)
10
1
Note: 2000 – 2002 based on HGB figures, from 2003 based on IFRS figures
Resources
209
Equipment
601
Construction
Overseas
405
Total 1.372
Construction
Domestic
157
Total Group Revenues Longstanding healthy business development
German reunification
Far East crisis
Financial crisis
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 11
Worldwide network More than 110 subsidiaries in about 70 countries
1
BAUER Manufacturing Inc.
Conroe, Texas, USA
GWE Group, Peine, Germany
BAUER Maschinen KSM,
Kurgan, Russia
BAUER Equipment Malaysia
Shah Alam, Malaysia
Shanghai BAUER Technologies,
Shanghai, China
BAUER Group, plant Edelshausen near
Schrobenhausen, Germany
Permanent Offices:
Construction
Equipment sales
Resources
Equipment production
locations
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 12
1 BAUER Group Strengths & Chances
Strategic business model with three forward-looking segments
providing high level of synergies.
Global network organisation with flexible, decentralized
management.
World market leader in foundation equipment with innovative
strength in enhancing existing products and designing new
ones.
Strengths
Chances
Construction segment with considerable number of major
infrastructure projects currently tendered for worldwide.
New growth potential in Equipment segment with entirely
new techniques such as deep drilling rigs, powerful
foundation crane series and offshore equipment.
Resources segment with ground-breaking projects, e.g.
biological water treatment plant and promising opportunities
due to its focus on growth markets water, energy and
environment. BSD 3000 – Subsea drilling at Orkney Islands, Scotland
© BAUER AG, D-86529 Schrobenhausen 11-11-14 IR-Presentation_9M2011
+
World construction markets Bauer market potential
2
13
-
Western Europe:
declining markets, Germany
weak for big projects +
+
++
Far East:
positive development
in all areas, especially
Hongkong, Singapore
+ Other Americas:
several chances in
Central America
o
Africa:
slight construction activities,
regional growth (Angola, Algeria);
demand for water and resources
Summary: Recovering market conditions worldwide at the end of the crisis; huge pent-up demand.
Specialist foundation construction grows relative to construction market.
Energy sector becomes main booster – also because of energy turnaround (renewable
energies & reduction of energy consumption); exploration and downstreamed stages:
Liquefaction plants (gas), refineries, power plants
Middle East:
stable, especially
Abu Dhabi, Qatar,
downturn in Dubai
Eastern Europe:
slowly positive development,
especially Russia
Central Asia:
India: dynamic
development
USA / Canada:
stimulus packages,
public demand,
power plants, dams, etc.
13
-- weak - slightly weak stable + growing ++ strong growth
-
+
+
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 14
Market environment Orders & Currency risks
2
Order backlog (Orders in hand) Currency Risks
Expected order intake
2012
Construction Germany
Construction International +
Equipment BAUER Maschinen GmbH –
Equipment Subsidiaries
Resources ++
-- weak - slightly weak adequate + well adequate ++ very well adequate
FY 2011 Reach in months
in relation to total
Group revenues
full year 2011
TOTAL
Construction
Equipment
Resources
EUR 750 million
EUR 457 million
EUR 125 million
EUR 168 million
6.6 months
9.4 months
2.3 months*
9.6 months
* incl. running small-type orders
Construction
Project size EUR 100,000 up to EUR 70 million
~ 50 / 50 infrastructure / large industrial buildings
~ 600 projects per year
Local financing (natural hedge) for project duration
Translation risk (consolidation) hedged
US$ business hedged, e.g. swaps
Equipment
~ 80 % of invoicing in EUR
US$ business hedged with permanent translation of
individual machines
Production expansion to US, China and others to
counteract currency risk Euro / US$ / RMB and
others
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 15
3 Regional breakdown Total Group revenues 2011
in EUR million
Total 1,372
in EUR million
Africa 70 (5 %)
Americas 155 (12 %)
Asia-Pacific,
Far East & Australia
252 (19 %)
Middle East
& Central Asia 204 (16 %)
Germany 339 (26 %)
EU excl. Germany
153 (12 %)
Europe (other)
131 (10 %)
Total 1,304
Full year 2010
Africa 67 (5 %)
Americas 191 (14 %)
Asia-Pacific,
Far East & Australia
292 (21 %)
Middle East
& Central Asia 171 (13 %)
Germany 370 (27 %)
EU excl. Germany
154 (11 %)
Europe (other)
127 (9%)
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 16
3 Regional breakdown Construction, Equipment, Resources 2011
Figures after deducting Other/Consolidation
Construction segment Equipment segment Resources segment
in EUR million
Total 562 Total 601 Total 209
Africa 36 (6 %)
Americas 77 (14 %)
Asia-Pacific,
Far East & Australia
138 (25 %)
Middle East &
Central Asia 68 (12 %)
Germany 157 (28 %)
EU excl. Germany
53 (9 %)
Europe (other)
33 (6 %)
Africa 14 (2 %)
Americas 112 (19 %)
Asia-Pacific,
Far East & Australia
153 (25 %)
Middle East &
Central Asia 38 (6 %)
Germany 111 (19 %)
EU excl. Germany
82 (14 %)
Europe (other)
91 (15 %)
Africa 17 (8 %)
Americas 2 (1 %)
Asia-Pacific,
Far East & Australia
1 (1 %)
Middle East & Central
Asia 65 (31 %)
Germany 102 (49 %)
EU excl. Germany
19 (9 %)
Europe (other)
3 (1 %)
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 17
Revenues (in EUR million)
Earnings (in EUR million)
Financials Revenues, earnings & orders
4
1,276
1,096
2010 2011
1,600
1,200
800
400
0
1,304 1,132
Total Group revenues Sales revenues
84.4
42.0
2010 2011
180
135
90
45
0
88.4
39.8
EBIT Net profit
Orders in hand (in EUR million)
508.9
2010 2011
800
600
400
200
0
614.9
Order intake (in EUR million)
2010 2011
297
283
293
240
303
446
293
1,113
2009
1,527
1,291
2009
107.5
167.5
2009
671.6
2009
465
445
342
329
1,581 - 29.6 %
2008
2008
2008
2008
368
1,410 +26.7 %
1,372
1,220
750.0
82.3
34.1
364
332
438
373
1,507 +6.9 %
Q1
Q2
Q3
Q4
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 18
Financials Working capital needs & net debt
4
Net debt (in EUR million)
2008 2009 2010
Net
fin
an
cia
l
de
bt
Pe
ns
ion
s
446 520
46
49
Bauer’s business model with its three segments
requires considerably more working capital than
other companies in construction markets.
Changes during the year:
- Levels in balance sheet and income statement during
the year are typically higher than year-end positions.
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.
Net working capital (in EUR million)
2008 2009 2010
363 445 494
640
480
320
160
0
626
645
52
2011
2011
305
44
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 19
Building construction
Positive cash contribution
Specialist foundation engineering
Pre-financing need
Financials Working capital needs & cash flow
4
EUR
12 24 months
Positive cash
contribution
Negative cash
contribution
Co
ntr
ac
t va
lue
EUR
Negative cash
contribution
12 24 months
Co
ntr
ac
t va
lue
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).
Comparison with main contractor: they can finance
their company by a positive cash flow from jobs.
Special items related to net debt end of 2011:
- New deep drilling rig TBA 440 is finished and ready for
sales: approx. EUR 15 million.
- Special effects increased working capital in FY 2011 by
approx. EUR 60 million:
1) Delays on three big construction projects lead to
higher pre-financing and accounts receivables.
2) Pre-financing for the extension of the water
treatment plant in Oman.
3) Delays in equipment deliveries to customers related
to stoppage of railway projects in China year-end.
4) Overestimation of equipment sales potentials lead to
an higher inventory.
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 20
Financials Revenues Q4 / FY 2011
4
in EUR '000 Q4 2010 Q4 2011 ∆ Q4 in % FY 2010 FY 2011 ∆ FY in %
Total Group revenues 341,402 362,890 6.3% 1,304,017 1,371,831 5.2%
Sales revenues, Construction 94,785 122,528 29.3% 505,758 482,658 -4.6%
Sales revenues, Equipment 148,320 173,427 16.9% 469,252 534,999 14.0%
Sales revenues, Resources 44,117 48,658 10.3% 156,398 201,549 28.9%
Sales revenues, Other 9 105 n/a 265 381 n/a
Sales revenues (external) 287,231 344,718 20.0% 1,131,673 1,219,587 7.8%
Consolidated revenues (P&L) 326,654 348,828 6.8% 1,255,600 1,327,085 5.7%
Orders in hand 614,936 749,968 22.0%
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 21
Financials Earnings Q4 / FY 2011
4
n/a not applicable (a) of sales revenues (b) pre-minorities
in EUR '000 Q4 2010 Q4 2011 ∆ Q4 in % FY 2010 FY 2011 ∆ FY in %
EBITDA 55,339 52,014 -6.0% 165,517 164,496 -0.6%
Margin (a) 19.3% 15.1% n/a 14.6% 13.5% n/a
EBIT 32,527 30,791 -5.3% 88,355 82,300 -6.9%
EBIT margin (a) 11.3% 8.9% n/a 7.8% 6.7% n/a
EBIT Construction segment 6,309 8,247 30.7% 28,798 17,631 -38.8%
EBIT margin, Construction segment (a) 6.7% 6.7% n/a 5.7% 3.7% n/a
EBIT Equipment segment 20,356 18,424 -9.5% 48,283 53,216 10.2%
EBIT margin, Equipment segment (a) 13.7% 10.6% n/a 10.3% 9.9% n/a
EBIT Resources segment 3,144 2,674 -14.9% 8,075 10,897 34.9%
EBIT margin, Resources segment (a) 7.1% 5.5% n/a 5.2% 5.4% n/a
Net income (b) 18,767 19,943 6.3% 39,789 34,115 -14.3%
Margin (a) 6.5% 5.8% n/a 3.5% 2.8% n/a
Earnings per share (in EUR) 1.03 1.16 13.0% 2.04 1.86 -8.8%
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 22
Financials Income statement FY 2011
4
in EUR '000 Dec 31, 2010 Dec 31, 2011 ∆ FY in %
Consolidated revenues (P&L) 1,255,600 1,327,085 5.7%
Sales revenues (P&L) 1,131,673 1,219,587 7.8%
Material costs -626,952 -672,807 7.3%
Personnel costs -282,506 -298,761 5.8%
Depreciation and amortization of fixed assets -64,914 -66,287 2.1%
Write-downs of inventories due to use -12,248 -15,909 29.9%
Other operation expenses -180,625 -191,021 5.8%
EBIT 88,355 82,300 -6.9%
Financial income 4,071 6,624 n/a
Financial expenses -36,400 -40,702 11.8%
Result from associated entities 1,436 -689 n/a
Profit before tax (EBT) 57,462 47,533 -17.3%
Income tax -17,673 -13,418 -24.1%
Net income 39,789 34,115 -14.3%
whereof attributable to shareholders of Bauer AG 35,029 31,933 -8.8%
whereof minority interest 4,760 2,182 -54.2%
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 23
Financials Balance sheet December 31, 2011
4
(a) Other provisions also include short term portion of pension provisions
in EUR '000 Dec 31, 2010 Dec 31, 2011 ∆ FY in %
Assets 1,337,749 1,487,450 11.2%
Intangible assets 23,261 30,303 30.3%
Property, plant and equipment 441,737 458,572 3.8%
Long term financial assets 14,528 18,635 28.3%
Other long term assets & deferred taxes 28,204 26,285 -6.8%
Receivables from concession arrangements 45,874 43,975 -4.1%
Inventories 420,417 470,646 11.9%
Receivables and other assets 329,109 409,301 24.4%
Effective income tax refund claims 7,006 4,786 -31.7%
Cash and cash equivalents 27,613 24,947 -9.7%
Equity and liabilities 1,337,749 1,487,450 11.2%
Equity 443,866 470,434 6.0%
Pension provisions 47,380 49,858 5.2%
Non-current liabilities 400,494 413,027 3.1%
Current liabilities 411,827 529,692 28.6%
Other provisions / tax 34,182 24,439 -28.5%
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 24
Financials Cash flow statement FY 2011
4
in EUR '000 Dec 2010 Dec 2011 ∆ FY in %
Cash flow from operating activities 45,342 8,459 -81.3%
Cash flow from investing activities -75,518 -84,656 n/a
Cash flow from financing activities 17,850 73,466 n/a
Free Cash Flow -30,176 -76,197 n/a
Changes in liquid funds affecting payments -12,326 -2,731 n/a
Influence of exchange rate movements on cash 2,886 65 n/a
Total change in liquid funds -9,440 -2,666 n/a
Cash at beginning of reporting period 37,053 27,613 -25.5%
Cash at end of reporting period 27,613 24,947 -9.7%
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 25
BAUER share Facts & Figures
5
Bauer family
48.19 %
Free float
51.81 %
Number of shares outstanding: 17,131,000
Listed on Frankfurt stock exchange,
Prime Standard since July 4, 2006
Shares issued 17,131,000
Issue price EUR 16.75
Listed in SDAX (MDAX from 22.09.2008 to 19.09.2010)
Earnings per share 2011
EUR 1,86 (2010 EUR 2.04)
Dividend payout 2011 (proposal)
EUR 0.50 per share (2010 EUR 0.60 per share)
Year high / Year low 2011
EUR 38.49 / EUR 16.04 (07.02.2011 / 01.11.2011)
YTD high / YTD low 2012
EUR 26.50 / EUR 19.90 (21.02.2012 / 09.01.2012)
Market capitalisation
around EUR 360 million
Shareholder structure
Share performance (2011 – YTD 2012)
SDAX
DAX
Trading volume
BAUER AG
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 26
BAUER share Dividend policy
5
2009
Dividend payment (in EUR per share)
2010 2008 2007 2006
0.30
0.00
0.60
0.90
1.20
0.50
1.00 1.00
0.60 0.60
* Proposed; subject to the consent of the Annual General Meeting to be held on June 28, 2012
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 slightly 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
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 27
Guidance 2012 Top-line growth with stable profitability
5
2011e* 2011 final 2012e
Total Group Revenues ~ 1,350 EUR billion 1,372 EUR million ~ 1,450 EUR billion
EBIT ~ 80 EUR million 82.3 EUR million ~ 85 EUR million
Net profit > 30 EUR million 34.1 EUR million ~ 35 EUR million
Presidential Palace – Abu Dhabi, U.A.E In-house exhibition, Schrobenhausen Water treatment plant – Nimr, Oman
* Guidance published October 31, 2011
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011
Current BAUER projects & investments
BAUER Equipment Malaysia –
new workshop & service center
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011
Investments – Singapur New service center of BAUER Technologies Far East
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 30
Construction project – Abu Dhabi, U.A.E Foundation works for Presidential Palace
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 31
Construction project – New Brunswick, Canada Bridge foundation for Route 1
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 32
Construction project – Okeechobee, USA (Florida) Remediation of Herbert Hoover Dike
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 33
Construction project – Sochi, Russia Infrastructure works for Olympic Games
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 34
Construction project – Republic of Moldova Expansion of Giurgiulesti Port
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 35
Construction project – Munich, Germany Tunnel for Mittlerer Ring
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 36
Construction project – Bielefeld, Germany Foundation works for the university
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 37
Schachtbau Nordhausen Bridge construction A10 near Brieselang, Germany
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 38
SPESA Spezialbau und Sanierung GmbH Reconstruction of the brick wall of Sengbachtal dam
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 39
In-house exhibition 2011 – Schrobenhausen About 1.700 customers from all over the world
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 40
TBA 300 TBA 300 / 440 M1
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 41
BSD 3000 – Orkney Islands, Scotland Monopile foundation for a tidal energy turbine at EMEC
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 42
BSD 3000 – Orkney Islands, Scotland Monopile foundation for a tidal energy turbine at EMEC
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 43
BSD 3000 – Orkney Islands, Scotland Monopile foundation for a tidal energy turbine at EMEC
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 44
BAUER Resources – Environment BAUER Nimr Oman – Process water treatment – Phase I
Pipeline Corridor
Camp
1,8 km
Evaporation pond /
Production of salt
Buffer zone
Volume of water - 45.000 m³/d
3,3 km
Reed bed
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 45
One third of total area (6 km2) visible
BAUER Resources – Environment BAUER Nimr Oman – Process water treatment
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 46
One third of total area (6 km2) visible
BAUER Resources – Environment BAUER Nimr Oman – Process water treatment
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 47
One third of total area (6 km2) visible
BAUER Resources – Environment BAUER Nimr Oman – Process water treatment
Global Water Award
2011
Industrial Water Project
of the Year
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BAUER Resources – Environment BAUER Nimr Oman – Process water treatment – Phase II
• Volume of water after
extension: ~ 90.000 m³/d
• Building phase until
beginning of 2013
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 49
BAUER Resources – Environment BAUER Nimr Oman – Process water treatment
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 50
BAUER Resources – Exploration & Mining Services Disi Amman, Jordan
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 51
BAUER Resources – Environment Guadalajara, Spain – BASF
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 52
BAUER Resources – Exploration and Mining Services Oil shale exploration in Jordan
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 53
Investor Relations
BAUER Aktiengesellschaft Tel.: +49 8252 97-1218
BAUER-Straße 1 Fax: +49 8252 97-2900
86529 Schrobenhausen
Germany www.bauer.de
BAUER Aktiengesellschaft
Financial calendar 2012
Publication Annual Report 2011 April 13, 2012
Annual Press Conference April 13, 2012
Analyst Conference April 13, 2012
Annual General Meeting June 28, 2012
Interim Report to March 31, 2012 May 15, 2012
Half-Year Interim Report to June 30, 2012 August 14, 2012
Interim Report to September 30, 2012 November 14, 2012
ISIN DE0005168108
Reuters B5AG.DE
Bloomberg B5A GR
Listing SDAX, CDAX, GEX,
Classic All Share
Prime All Share
DAXplus Family
© BAUER AG, D-86529 Schrobenhausen 12-04-13 IR-Presentation_AnalystConference_FY2011 54
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.