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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 %


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


Table of Content

BAUER Group – Strategy, Chances & Markets

Appendix

Financials Q2/6M 2016 & Guidance


The BAUER Group is a leading provider of services, equipment &

products dealing with ground and groundwater.

Mission

Strategy

The world is our market.

Global network organization with flexible, decentralized management.

Three forward-looking segments providing high level of synergies:

Construction, Equipment, Resources

World market leadership for foundation technology.

Powerful development of drilling applications and services

for related markets.

Highly innovative products and services related to water, environment

and natural resources.

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 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


Global provider for specialist

foundation engineering services

Focus on complex, international

projects

~ 50/50 infrastructure / industrial

Full year 2015:


EBIT margin: 2.1 % *

Key targets:



Products & services related to

water, environment and natural

resources.

Service provider for the oil, gas

and mining industry

Full year 2015:


EBIT margin: n/a *

Key targets:



* Figures include positive and negative exceptional earnings in all segments


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


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 Group Challenges of the world provide chances for the company

Urbanization Infrastructure Water

Environment Energy / Oil & Gas Values

The megatrend urbanization leads to

more complex inner-city solutions

High demand for new infrastructure and

for restoration of existing structures

Changing social values influence the

working and corporate environment

The pollution and contamination of soil

require innovative purification solutions

Energy and resource scarcity provide

chances for underwater and deep drilling

The shortage of clean drinking water

is one of the worlds biggest problems


BAUER Group Solutions for the biggest challenges and megatrends

Urbanization & Infrastructure

Water

Environment

Energy / Oil & Gas

Leading position in special

foundation engineering.

Global activities with presence

in over 50 countries worldwide.

Construction Equipment

Resources

Market leader in specialist

foundation equipment.

Focus on specialized and

high-end equipment.

Construction

Innovative construction

methods and services with

a special focus on

environmental issues.

Extensive solutions in the

field of decontaminating

polluted ground and

groundwater and for

remediation works.

Equipment Resources

Longstanding experience in

the manufacture of well

drilling rigs.

Innovative products and

services for wells and for

cleaning of drinking and

process water.

Equipment Resources

Customized solutions for

deep drilling, which set new

standards of safety,

efficiency, productivity and

service.

Comprehensive service

provider for clients in the

exploration and mining

fields.


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.


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


Table of Content


Appendix



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


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


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,


115 (15 %)

Middle East


Germany 263 (35 %)

EU excl. Germany 95 (13 %)

Europe (other)

38 (5 %)


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,


60 (18 %)

Middle East


Germany 101 (31 %)

EU excl. Germany

30 (9 %)

Europe (other)

19 (6 %)

Africa 10 (3 %)

Americas 63 (22 %)

Asia-Pacific,


55 (19 %)

Middle East


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


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


Building construction

positive cash contribution

Specialist foundation engineering

pre-financing need

Financials Working capital needs & cash flow

EUR

12 24 months

Positive cash

contribution

Negative cash

contribution

Co

ntr

ac

t va

lue

EUR

Negative cash

contribution

12 24 months

Co

ntr

ac

t va

lue

Equipment segment:

- Due to very special parts being installed, parts need

to be pre-ordered well in advance

approx. 3 months pre-financing of equipment

during production.

- Spare parts store is needed for large customer base.

- A relatively large rental fleet is needed for different

contract types (e.g. rental purchase).

- Deep drilling rigs add large numbers in value.

Resources segment:

- A mixture of the Construction and Equipment

segments.


Financials Income statement 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


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%


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%


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


Investor Relations

BAUER Aktiengesellschaft

BAUER-Straße 1

86529 Schrobenhausen

Germany

Tel.: +49 8252 97-1218

Fax: +49 8252 97-2900

[email protected]

www.bauer.de

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


Table of Content


Appendix



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 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 Group Headquarters and plant Schrobenhausen, Germany


What is specialist foundation? Building an excavation pit

Ground Water

Injection Anchor

Sealing Slab

Supporting Wall

Underpinning

Injection

Pile Foundation


What is specialist foundation used for? Applications for projects

Foundations Cut-off walls Excavation pits

Buildings Infrastructure Water – Energy Industry

Ground improvement


Construction Ismailia, Egypt – New road tunnel underneath Suez Canal


Construction Doha, Qatar – Construction pit for the Mozoon Towers


Construction Munich, Germany – Construction pit for wastewater treatment plant


Construction Zwenkau, Germany – Construction works for Harth canal

© euroluftbild.de


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

ValueLine The BG ValueLine is a fully dedicated Kelly drilling rig.

BG 30 BG 38 BG 20


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

BG 42 BG 50 BG 20

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


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

MC 128 MC 96 MC 64


Equipment Product range: Deep Drilling (PR 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.


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


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


Resources Water – Process Water & Water Distribution Management


Resources Environment – Soil remediation in Germany


Resources Environment – Remediation of Kesslergrube landfill, Germany

© Source: Press picture Roche


Resources Natural Resources – Oil and Exploration Drilling in Jordan


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 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 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


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


Disclaimer

This presentation contains forward-looking statements. Forward-looking statements

are statements that are not historical facts, including statements about our beliefs,

intentions, expectations, predictions and the assumptions underlying them.

These statements are based on factors as they are currently available to the

management of BAUER AG and therefore speak only as of the date they are made.

We assume no liability to update publicly or conform any of them to future events or

future developments.

Forward-looking information is subject to various known and unknown risks and un-

certainties, which could lead to material differences between the actual future results,

financial situation, development or performance of the BAUER Group and those

factors contained in any forward-looking statement. In view of these uncertainties, no

assurance can be given that these forward-looking statements will prove accurate

and correct, or that anticipated and projected future results will be achieved and we

caution you not to place undue reliance on these forward-looking statements.

Documents

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