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© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016
BAUER AG
Group Presentation
First half-year 2016
Foundation works for new convention center – Jakarta, Indonesia
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 2
Key Figures 6M 2016
6M 2015
in EUR million
6M 2016
in EUR million
∆ 6M
in %
Total Group revenues, of which
- Germany
- International
- Construction
- Equipment
- Resources
- Other/Consolidation
780.4
217.0
563.4
369.9
333.4
102.1
-25.0
757.0
263.1
493.9
331.9
312.4
139.0
-26.3
-3.0 %
+21.3 %
-12.3 %
-10.3 %
-6.3 %
+36.1 %
n/a
Sales revenues 642.0 649.8 +1.2 %
Order intake 899.2 771.6 -14.2 %
Order backlog 881.5 1,010.2 +14.6 %
EBITDA 63.0 62.7 -0.5 %
EBIT 16.0 18.4 +14.8 %
EBIT margin in % (of sales revenues) 2.5 2.8 n/a
Earnings after tax -6.8 -7.9 n/a
Earnings per share in EUR -0.44 -0.56 n/a
Equity ratio in % 25.2 24.3 n/a
Number of employees (average over the year) 10,642 10,609 -0.3 %
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 3
Total Group revenues at the end of the first half of 2016 were EUR 757.0 million, 3.0 % below the previous year
comparative (EUR 780.4 million). Sales revenues grew by 1.2 % to EUR 649.8 million. EBIT increased by 14.8 % from EUR
16.0 million to EUR 18.4 million year-on-year. Earnings after tax were EUR -7.9 million (previous year: EUR -6.8 million).
Total Group revenues for the Construction segment were 10.3 % lower year-on-year at EUR 331.9 million. The start-up
phases of some major projects were delayed and the previous year's figures have not been reached as a result. EBIT
therefore decreased from EUR 10.4 million to EUR 5.3 million for the period. Earnings after tax declined from EUR 1.5
million to EUR -4.2 million. We expect to catch up during the course of the second half of the year in terms of the size of
the orders to be processed as a result of the project progress.
Sales revenues of the Equipment segment fell by 6.3 % from EUR 237.9 million to EUR 223.0 million. EBIT increased
from EUR 8.4 million to EUR 13.4 million. Earnings after tax improved from EUR -2.9 million to EUR -0.1 million. Some
large and special machines were delivered at the beginning of the year resulting in these increased earnings.
Total Group Revenues of the Resources segment amounted to EUR 139.0 million, 36.1 % up year-on-year (EUR 102.1
million). EBIT amounted to EUR -0.1 million (previous year: EUR -3.2 million) and earnings after tax were EUR -4.4
million (previous year: EUR -7.1 million). The segment's performance at the beginning of the year was considerably
better than last year, mainly due to major projects in the environmental business.
Order backlog of the Group increased by 14.6 % year-on-year to EUR 1,010.2 million. This growth is mainly due to the
Construction and Resources segments.
Forecast for 2016 unchanged: total Group revenues of around EUR 1.65 billion, EBIT of around EUR 75 million and
earnings after tax of around EUR 20 to 25 million.
Main topics
Key Figures 6M 2016
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 4
Table of Content
BAUER Group – Strategy, Chances & Markets
Appendix
Financials Q2/6M 2016 & Guidance
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 5
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.
Bagatelle Dam project – Mauritius
BAUER Group Mission & Strategy
EUR 1.66 billion total Group revenues
EUR 90.7 million EBIT
6.6 % EBIT margin
27.2 % equity ratio
10,738
employees FY 2015
Key targets
Revenue growth: 3 - 8 % per year
EBIT margin: 7 - 9 %
Equity ratio: > 30 %
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 6
BAUER Group The three segments
Construction Equipment Resources
Market leader in specialist
foundation equipment
New products for mining, deep
drilling and offshore drilling
80 % of sales abroad
Full year 2015:
43 % of total Group revenues *
EBIT margin: 18.1 % *
Key targets:
~ 40 % of total Group revenues
EBIT margin: 10 - 12 %
Global provider for specialist
foundation engineering services
Focus on complex, international
projects
~ 50/50 infrastructure / industrial
Full year 2015:
44 % of total Group revenues *
EBIT margin: 2.1 % *
Key targets:
~ 40 % of total Group revenues
EBIT margin: 4 - 6 %
Products & services related to
water, environment and natural
resources.
Service provider for the oil, gas
and mining industry
Full year 2015:
13 % of total Group revenues *
EBIT margin: n/a *
Key targets:
~ 20 % of total Group revenues
EBIT margin: 6 - 8 %
* Figures include positive and negative exceptional earnings in all segments
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 7
Note: from 2003 based on IFRS figures
Total Group Revenues Longstanding healthy business development
in EUR million (segment after deducting Other/Consolidation)
Equipment
705
Construction
Overseas
551
Total 1,656
Construction
Domestic
182
Resources
218 1,600
1,000
1,400
800
600
200
0
1980 1983 1985 1987 1997 1999 2001 2003 2005 2007 1991 1989 1993 1995 2009 2011 2013 2015
1,200
400
1,800
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 8
Permanent Offices:
Construction
Equipment sales
Resources
Equipment production
Schrobenhausen 2.027
Kuala Lumpur 129 Conroe 156 Tianjin 215
Worldwide network More than 110 subsidiaries in about 70 countries
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 9
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 AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 10
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.
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 11
BAUER Group Chances
Construction Equipment Resources
Growth potential in new markets
and with specialized machines.
Manufacture of customized deep
drilling solutions, which set new
standards of safety, efficiency,
productivity and service.
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 the resources
water, oil, gas and geothermal
energy.
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 12
World construction markets Bauer market potential
USA / Canada:
public demand,
power plants, dams, etc.
+
Other Americas:
several chances in
Central America.
Africa:
slight construction
activities, regional
growth (Ethiopia,
Algeria); demand for
water and resources
+ o
Far East:
positive development
in all areas, especially
Hongkong, Malaysia,
Indonesia
+
Western Europe:
weak markets o
Germany:
quite good. + Eastern Europe:
slowly positive
development
Russia:
Crisis regarding Ukraine;
difficult to predict.
Middle East:
stable, especially Qatar
Abu Dhabi, Saudi Arabia;
increasing risk regarding
oil price
Central Asia:
good market potentials +
-- weak - slightly weak o stable + growing ++ strong growth
o -
o
Last update: August 2016
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016
China
Source: International Monetary Fund, World Economic Outlook Database, July 2016 * CIS = Commonwealth of Independent States (incl. Georgia; excl. Russia)
United States
European Union
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
1.8 1.8 3.1 3.4
4.1 4.6
-0.4 1.6
-0.6 1.5
6.4 6.3
-1.2 1.0
6.6 6.2
2.5 3.0
2.2 2.5
-3.3 0.5
1.8 1.9
1.6 1.2
1.6
3.3
3.4 3.3
Global economic situation IMF projection of the real annual GDP growth in %
13
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 14
Table of Content
BAUER Group – Strategy, Chances & Markets
Appendix
Financials Q2/6M 2016 & Guidance
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 15
1,800
1,350
900
450
0
2015 2016 2014 2013
Q1
Q2
Q3
Q4
349
456
351
329
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
334
424
421
342
1,521 +2.5 % 100
75
50
25
0
-25
1,000
750
500
250
0
494
+19.1 %
405
550
1,811
362
2015 6M 2015 2014 2013 6M 2016
780 642
757 650
1,504 1,402
1,560
1,376
1,656
1,379
2015 6M 2015 2014 2013 6M 2016
765.2
995.6
881.5
762.7
1,010.2
389
-14.2 % 30.1
76.4
-19.4
15.7 16.0
-6.8
2015 6M 2015 2014 2013 6M 2016
90.7
29.0
18.4
-7.9
383
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 16
Revenues
Earnings
Financials Revenues, earnings & orders – Segments
Order intake
Order backlog
in EUR million
in EUR million in EUR million
in EUR million Construction Resources Equipment Construction Resources Equipment
6M 2016 6M 2015
470
316
-32.8 %
-1.9 % 332
325
123
166
+35.3 %
899
772
Construction Resources Equipment
6M 2016 6M 2015
551 575 +4.4 %
-10.1 % 157 141
174 294 +69.4 % 882
1,010
Construction Resources Equipment
Order book (in months)
Group
Construction
Equipment
Resources
7.7
9.3
2.5
15.9
The totals include Other/Consolidation
Q2 2015 Q2 2016
405 383
162 214
159
155
75
-24.2 %
+2.8 %
+54.4 % 48
370 332 -10.3 %
-6.3 % 333
312
102 139
+36.1 % 780
757
6M 2016 6M 2015 Q2 2015 Q2 2016
176 172
160 147
48 67
-2.5 %
-7.5 %
+41.0 % 371 374
EBIT 5.5 4.3 10.4 5.3
EBIT margin (in %) 3.4 2.8 3.3 2.8
EBIT 9.3 7.5 8.4 13.4
EBIT margin (in %) 6.8 6.5 3.5 6.5
EBIT -0.3 1.5 -3.2 -0.1
EBIT margin (in %) n/a 2.5 n/a n/a
6M 2015 Q2 2016 Q2 2015 6M 2016
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 17
Financials Regional breakdown – Total Group revenues 6M 2016
in EUR million
Total 757
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 44 (6 %)
Americas 101 (13 %)
Asia-Pacific,
Far East & Australia
115 (15 %)
Middle East
& Central Asia 101 (13 %)
Germany 263 (35 %)
EU excl. Germany 95 (13 %)
Europe (other)
38 (5 %)
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 18
Figures after deducting Other/Consolidation
Financials Regional breakdown – Segments 6M 2016
in EUR million
Total 325 Total 293 Total 139
Africa 27 (8 %)
Americas 31 (10 %)
Asia-Pacific,
Far East & Australia
60 (18 %)
Middle East
& Central Asia 57 (18 %)
Germany 101 (31 %)
EU excl. Germany
30 (9 %)
Europe (other)
19 (6 %)
Africa 10 (3 %)
Americas 63 (22 %)
Asia-Pacific,
Far East & Australia
55 (19 %)
Middle East
& Central Asia 15 (5 %)
Germany 75 (26 %)
EU excl. Germany
57 (19 %)
Europe (other)
18 (6 %)
Africa 7 (5 %)
Americas 7 (5 %)
Asia-Pacific,
Far East & Australia 0 (0 %)
Middle East
& Central Asia
29 (21 %)
Germany 87 (63 %)
EU excl.
Germany
8 (5 %)
Europe (other)
1 (1 %)
Construction segment Equipment segment Resources segment
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 19
Financials Working capital needs & net debt
Net financial debt & pensions
Net
fin
an
cia
l
de
bt
Pe
ns
ion
s
Net working capital
800
600
400
200
0
in EUR million
in EUR million
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.
2013 2014 2015 6M 2015 6M 2016
605 604 629 701 709
2013 2014 2015 6M 2015
84
672 646 665
119
752 762
112
6M 2016
115
139
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 20
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.
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 21
Financials Income statement 6M 2016
in EUR '000 6M 2015 6M 2016 ∆ in %
Sales revenues (P&L) 641.990 649.767 1,2%
Consolidated revenues (P&L) 740.674 720.162 -2,8%
Cost of materials -362.195 -353.412 -2,4%
Personel expenses -184.836 -182.918 -1,0%
Other operation expenses -130.615 -121.111 -7,3%
EBITDA 63.028 62.721 -0,5%
Depreciation of fixed assets -40.819 -36.785 -9,9%
Write-downs of inventories due to use -6.218 -7.576 21,8%
EBIT 15.991 18.360 14,8%
Financial income 2.940 2.174 -26,1%
Financial expenses -19.531 -21.763 11,4%
Share of profit/loss of associated companies (equity method) 933 63 n/a
Earnings before tax (EBT) 333 -1.166 n/a
Income tax expense -7.093 -6.696 -5,6%
Earnings after tax -6.760 -7.862 n/a
of which attributable to shareholders of BAUER AG -7.484 -9.574 n/a
of which attributable to non-controlling interests 724 1.712 n/a
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 22
Financials Balance sheet June 30, 2016
in EUR '000 June 30, 2015 June 30, 2016 ∆ in %
Assets 1.688.736 1.715.896 1,6%
A. Non-current assets 600.482 615.823 2,6%
I. Intangible assets 33.013 26.041 -21,1%
II. Property, plant and equipment and investment property 457.660 398.301 -13,0%
III. Investments accounted for using the equity method 42.426 128.890 n/a
IV. Participations 3.613 3.460 -4,2%
V. Other non-current assets & deferred tax assets 63.770 59.131 -7,3%
B. Current assets 1.088.254 1.100.073 1,1%
I. Inventories 476.146 498.005 4,6%
II. Receivables and other assets 568.640 540.195 -5,0%
III. Effective income tax refund claims 2.464 2.902 17,8%
IV. Cash and cash equivalents 41.004 42.621 3,9%
V. Assets classified as held for sale 0 16.350 n/a
Equity and liabilities 1.688.736 1.715.896 1,6%
A. Equity 425.226 417.328 -1,9%
B. Non-current debt 518.495 428.701 -17,3%
I. Provisions for pensions 110.229 136.408 23,7%
II. Non-current liabilities & deferred tax liabilities 408.266 292.293 -28,4%
C. Current debt 745.015 869.867 16,8%
I. Financial liabilities 403.300 542.702 34,6%
II. Other current liabilities 313.924 297.622 -5,2%
III. Effective income tax obligations 9.362 11.348 21,2%
IV. Provisions 18.429 18.195 -1,3%
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 23
Financials Cash flow statement 6M 2016
in EUR '000 6M 2015 6M 2016 ∆ in %
Cash flow from operational activity -58.473 -41.896 n/a
Cash flow from investment activity -27.157 -25.779 n/a
Cash flow from financing activity 83.172 65.167 -21,6%
Free Cash Flow -85.630 -67.675 n/a
Changes in liquid funds affecting payments -2.458 -2.508 n/a
Influence of exchange rate movements on cash 1.627 -2.277 n/a
Total change in liquid funds -831 -4.785 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 41.004 42.621 3,9%
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 24
Guidance 2016 Business year without exceptional earnings expected
2015e 2015 final 2016e
Total Group Revenues ~ 1,600 EUR million 1,656 EUR million ~ 1,650 EUR million
EBIT ~ 75 EUR million 90.7 EUR million ~ 75 EUR million
Earnings after tax ~ 18 – 23 EUR million 29.0 EUR million ~ 20 – 25 EUR million
Bagatelle dam – Mauritius Water treatment plant – Leuna, Germany In-house exhibition 2015 – Schrobenhausen
BAUER Group
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 25
Investor Relations
BAUER Aktiengesellschaft
BAUER-Straße 1
86529 Schrobenhausen
Germany
Tel.: +49 8252 97-1218
Fax: +49 8252 97-2900
www.bauer.de
BAUER AG
Financial calendar 2016
Publication Annual Report 2015 April 18, 2016
Annual Press Conference April 18, 2016
Analyst Conference April 18, 2016
Annual General Meeting June 23, 2016
Quarterly Statement Q1 2016 May 13, 2016
Half-Year Interim Report to June 30, 2016 August 12, 2016
Quarterly Statement 9M/Q3 2016 November 14, 2016
Listing CDAX, GEX,
Classic All Share
Prime All Share
DAXplus Family
Get the BAUER App
for Apple and Android
ISIN DE0005168108
Reuters B5AG.DE
Bloomberg B5A GR
www.youtube.com/Bauergruppe
www.facebook.com/BauerAGgroup
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 26
Table of Content
BAUER Group – Strategy, Chances & Markets
Appendix
Financials Q2/6M 2016 & Guidance
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 27
1790 · 1900 · 1902 · 1928 · 1948 · 1956 · 1958 · 1967 · 1969 · 1972 · 1975 · 1976 · 1984 · 1990 · 1992 · 1994 · 1998 · 2001 · 2015
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 2015:
Total Group
revenues
EUR 1.656
billion,
10,738
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 2000-2015
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 28
BAUER Group The three segments
28 © 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, mining,
deep drilling, well
construction,
materials
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 29
BAUER Group Headquarters and plant Schrobenhausen, Germany
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 30
What is specialist foundation? Building an excavation pit
Ground Water
Injection Anchor
Sealing Slab
Supporting Wall
Underpinning
Injection
Pile Foundation
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 31
What is specialist foundation used for? Applications for projects
Foundations Cut-off walls Excavation pits
Buildings Infrastructure Water – Energy Industry
Ground improvement
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 32
Construction Ismailia, Egypt – New road tunnel underneath Suez Canal
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 33
Construction Doha, Qatar – Construction pit for the Mozoon Towers
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 34
Construction Munich, Germany – Construction pit for wastewater treatment plant
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 35
Construction Zwenkau, Germany – Construction works for Harth canal
© euroluftbild.de
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 36
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
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 37
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.
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 38
Equipment Product range: Duty-cycle cranes (MC series)
MC 128 MC 96 MC 64
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 39
Equipment Product range: Deep Drilling (PR series)
PR 200 PR 440 M2 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, Bauer
develops and manufactures
customized drilling solutions which
set new standards of safety,
efficiency, productivity and ease
of service in the deep drilling
business.
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 40
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
Oil & Gas Drilling
Well Drilling
Blast Hole Drilling
Environment Water Natural Resources
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 41
Resources Segment The Competence Centers
Environment
Water
Natural
Resources Waste
Treatment
& Disposal
Remediation
Constructed
Wetlands
Water
Treatment
Process
Technology
Beverage &
Biotec
Water Well
Design &
Construction
Drilling
Techno-
logies
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 42
Resources Water – Process Water & Water Distribution Management
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 43
Resources Environment – Soil remediation in Germany
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 44
Resources Environment – Remediation of Kesslergrube landfill, Germany
© Source: Press picture Roche
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 45
Resources Natural Resources – Oil and Exploration Drilling in Jordan
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 46
Market environment – Germany German construction market
Source: Federal Statistical Office, Statistical Office Bavaria
Employees in 1000
Revenues in EUR billion 101.0
Building construction 65.0
Foundation engineering 36.0
Orders received *
in EUR billion
Housebuilding 13.1
Industrial building 24.6
Public sector
of which
public buildings 4.0
road building 10.1
underground structures 7.5
*) only companies > 20 employees
763.4
4.2
3.7
0.8
-17.6
-5.1
22.0
23.8
2.9
7.0
0.9
4.1
-41.3
11.1
-37.5
13.3
1.1
9.3
-43.7
-23.8
-22.0
March 20162015/ Jan-Mar
1995 2014 2016/2015
2015/
6.6
1.6
1.4
Germany
21.5
59.1
-45.9
-13.6
8.7
-28.4 5.2 13.9
5.4
1.9
18.0
20.2
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 47
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 (07/2015 – 08/2016)
in EUR 2012 2013 2014 2015 2016
Earnings per share 1.44 -0.99 0.85 1.73 ---
Share price year end 19.32 18.81 13.35 17.40 ---
Share price highest 26.50 23.05 20.04 19.20 17.16
Share price lowest 16.13 17.33 11.75 13.85 11.71
Market Cap (in EUR million)
331.0 322.2 228.7 298.1 ~220
48.19 %
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 48
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
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 49
Key Figures Time Line FY 2008 – Q2 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 1.656,4 383,2 373,8
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
Equipment 780,1 608,5 581,7 636,5 589,1 628,6 163,8 157,6 186,1 131,7 639,2 173,8 159,6 163,2 256,5 753,1 165,0 147,5
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 67,5
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
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
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
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
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 13,6
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
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
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
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%
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%
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%
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%
Q4 15
Q4 15
Q4 15
Q4 15
2012
2012 Q1 14
2012
Q3 14Q2 14
2013
2013 Q2 14
2013
20122010
2011
2010
2011
2011
2010
2009
2008 2009
2008
2008
2008 2009
2009
2011
2010 Q4 14
Q3 14 Q4 14
Q3 14
Q3 14Q1 14 Q2 14
Q4 14
2013 Q4 14
Q1 14
Q1 14
Q2 14 2014
2014
2014
2014
Q1 15
Q1 15
Q1 15
Q1 15
Q3 15
Q3 15
Q1 16
Q1 16
Q1 16
Q1 16
Q2 15
Q2 15
Q2 15
Q2 15
Q3 15
Q3 15
Q2 16
Q2 16
Q2 16
Q2 16
2015
2015
2015
2015
© BAUER AG, D-86529 Schrobenhausen 16-08-12 IR-Presentation_Q2_2016 50
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.