IR presentation Q1/2014 · FY 2014 . in EUR million ∆ FY in % Total Group revenues, of which - Germany - International - Construction - Equipment - Resources - Other/Consolidation

© BAUER AG, D-86529 Schrobenhausen 15-04-10 IR-Presentation_FY_2014

BAUER AG

Group Presentation Full year 2014

© BAUER AG, D-86529 Schrobenhausen 15-04-10 IR-Presentation_FY_2014 2

Key Figures FY 2014

FY 2013* in EUR million

FY 2014 in EUR million

∆ FY in %

Total Group revenues, of which - Germany - International - Construction - Equipment - Resources

- Other/Consolidation

1,504.2 410.4

1,093.8 741.7 628.6 188.9

-55.0

1,560.2 440.2

1,120.0 713.0 651.8 252.8

-57.4

3.7 % 7.3 % 2.4 %

-3.9 % 3.7 % 33.9 %

n/a

Sales revenues 1,402.2 1,375.7 -1.9 % Orders received 1,484.5 1,557.7 4.9 % Orders in hand 765.2 762.7 -0.3 % EBITDA 124.0 171.0 37.9 % EBIT 30.1 76.4 n/a EBIT margin in % (of sales revenues) 2.1 5.6 n/a Net income -19.4 15.7 n/a Earnings per share in EUR -0.99 0.85 n/a Equity ratio in % 26.5 26.6 n/a Number of employees (average over the year) 10,264 10,405 1.4 %

*Previous years figures adjusted


Total Group revenues with EUR 1,560.2 million were 3.7 % above previous year (EUR 1,504.2 million). EBIT with EUR 76.4 million was considerably higher than in the previous year with EUR 30.1 million. Net profit was EUR 15.7 million (previous year: EUR -19.4 million).

Revenues of the Construction segment decreased by 3.9 % to EUR 713.0 million. EBIT with EUR 25.1 million raised against the previous year comparative of EUR 21.2 million. Net profit decreased markedly from EUR 5.5 million to EUR 1.9 million due to economic problems with a dam project in USA.

Sales revenues of the Equipment segment fell by 2.9 % to EUR 545.2 million. EBIT increased by 14.6 % from EUR 32.2 million to EUR 36.9 million. Net profit increased from EUR 5.1 million to EUR 9.5 million.

Revenues of the Resources segment grew significantly by 33.9 % from EUR 188.9 million to EUR 252.8 million. EBIT with EUR 15.9 million was significantly positive after the loss 2013 (EUR -24.0 million). Net profit was EUR 4.3 million (previous year: EUR -31.4 million). The results of the segment were significantly influenced by a one-time income. The increase in revenues includes a profit of EUR 36.5 million from the sale of 21 % of the shares in the subsidiary in Oman.

Order backlog with EUR 762.7 million (previous year: EUR 765.2 million) is on a reasonable level.

Forecast for 2015: total Group revenues of around EUR 1.6 billion, an EBIT of around EUR 75 million and a profit after tax of around EUR 18 to 23 million.

Main topics

Key Figures FY 2014


Contents

Financials 4

Overview BAUER Group 1

Market environment 3

p. 5

p. 12

p. 14

5 Guidance 2015

6 Appendix

p. 23

p. 24

Challenges & Chances 2 p. 9


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.

Railway project – Schwarzkopf Tunnel, Germany

1 BAUER Group Mission & Strategy

EUR 1.56 billion total Group revenues EUR 76.4 million EBIT 5.6 % EBIT margin 26.6 % equity ratio 10,405 employees FY 2014

Key targets

Revenue growth: 3 - 8 % per year

EBIT margin: 7 - 9 %

Equity ratio: > 30 %


1 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 2014:

39 % of total Group revenues

EBIT margin: 6.8 %

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 2014:

45 % of total Group revenues

EBIT margin: 4.0 %

Key targets:



Products & services related to water, environment and natural resources.

Service provider for the oil, gas and mining industry

Full year 2014:

16 %* of total Group revenues

EBIT margin: 8.1 %*

Key targets:



* Figures include a one-time income in Resources


in EUR million (segment after deducting Other/Consolidation)

7

1

Note: from 2003 based on IFRS figures

Resources 249

Equipment 612

Construction Overseas 510

Total 1,560

Construction Domestic 189

Total Group Revenues Longstanding healthy business development

German reunification

Far East crisis

Financial crisis


Worldwide network More than 110 subsidiaries in about 70 countries

1

BAUER Manufacturing Inc. Conroe, Texas, USA

GWE Group, plant Luckau, Germany

BAUER Maschinen Kurgan, Kurgan, Russia

BAUER Equipment Malaysia Shah Alam, Malaysia

BAUER Tianjin Technologies, Tianjin, China

BAUER Maschinen Group, plant Aresing near Schrobenhausen, Germany

Permanent Offices: Construction Equipment sales Resources Equipment production locations


BAUER Group Challenges of the world provide chances for the company

2

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

2

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.


2 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.


3

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 (Angola, Algeria); demand for water and resources

+ o Far East: positive development in all areas, especially Hongkong, Malaysia, Indonesia

++

Western Europe: weak markets

- Germany: quite good. + Eastern Europe:

slowly positive development

- Russia: Crisis regarding Ukraine; difficult to predict.

o

Middle East: stable, especially Abu Dhabi, Saudi Arabia; Qatar many projects

+ Central Asia: good market potentials +

-- weak - slightly weak o stable + growing ++ strong growth


3

13

Global economic situation IMF projection of the real annual GDP growth in %

Source: International Monetary Fund, World Economic Outlook Database, October 2014 * CIS = Commonwealth of Independent States (incl. Georgia)

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015

2014 2015 2014 2015 2014 2015

7.4 7.1

2014 2015

2014 2015

China

6.5 6.6

2014 2015

2.8 2.9

1.8 2.3 1.4 1.8

1.4 1.5

0.8 1.6

0.2 0.5

3.3 3,8

1.3 2.2

0.3 1.4

1.8 2.3

5.1 5.8

2.7 3.9

4.4 5.0

United States

Latin America

European Union

Brazil

CIS*

Developing Asia

Germany

Middle East & North Africa

Sub-Saharan Africa

World Advanced Economies

Emerging Markets & Develop. Economies

Russia

Australia


4

1,600

1,200

800

400

0

800

600

400

200

0

2013* 2014 2012 2011

364

332

438

373

1,507

Q1

Q2

Q3

Q4

342

-2.4 %

389

358

2013* 2014 2012 2011

1,372 1,220

1,436 1,344

2013 2014 2012 2011

750.0 785.0

82.3

34.1

72.0

25.8

382

1,471

1,504 1,402 765.2

30.1

-19.4 349

456

351

329

1,485 +1.0 %

Financials Revenues, earnings & orders – Group

Revenues

Earnings

Orders in hand

Orders received

in EUR million

in EUR million in EUR million

in EUR million Total Group revenues Sales revenues

EBIT Net profit

1,376

1,560 762.7

334

424

421

379

1,558 +4.9 % 100

75

50

25

0

-25

76.4

15.7

* Previous years figures adjusted 2013* 2014 2012 2011


Total Group revenues

EBIT

Financials Revenues, earnings & orders – Segments

4

Orders received

Orders in hand

in EUR million

in EUR million in EUR million

in EUR million

742 713 -3.9 %

+3.7 % 629 652

189 253 +33.9 % 1,504 1,560

Construction Resources Equipment

Q4 2013* FY 2014* FY 2013* Q4 2014*

199 180

173 144

42 92

-9.7 %

-16.6 %

n/a


400 397

Q4 2013* FY 2014* FY 2013* Q4 2014*

727 665 -8.5 %

+9.8 % 632 694

180 256 +42.2 % 1,484 1,558


329 379

165 200

160 127

73

-17.6 %

+25.8 %

n/a

FY 2014* FY 2013*

499 451 -9.6 %

+36.2 % 116 159

150 153 +2.0 %

765 763


Order book (in months)

Group

Construction

Equipment

Resources

5.9

7.6

2.9

7.3 EBIT 21.2 25.1 3.2 4.8

EBIT margin (in %) 3.2 4.0 1.8 3.3

Q4 2013* FY 2014* FY 2013* Q4 2014*

EBIT 32.2 36.9 18.9 11.0

EBIT margin (in %) 5.7 6,8 9.2 6.3

EBIT -24.0 15.9 -4.3 21.6

EBIT margin (in %) -13.1 8.1 n/a n/a

The totals include Other/Consolidation

15

* Previous years figures adjusted; 2014 Resources figures include a one-time income


4 Financials Regional breakdown – Total Group revenues 2014

in EUR million Total 1,560

in EUR million

Africa 58 (4 %) Americas 186 (13 %)

Asia-Pacific, Far East & Australia 364 (24 %)

Middle East & Central Asia 163 (11 %)

Germany 410 (27 %)

EU excl. Germany 168 (11 %)

Europe (other) 155 (10 %)

Total 1,504

Full year 2013 (adjusted)

Africa 62 (4 %)

Americas 172 (11 %)



Germany 440 (28 %)




4 Financials Regional breakdown – Segments (FY 2014)

in EUR million Total 699 Total 612 Total 249

Construction segment Equipment segment Resources segment

Africa 49 (7 %)

Americas 68 (10 %)



Germany 189 (27 %)



Africa 9 (1 %)

Americas 96 (16 %)



Germany 118 (19 %)



Africa 4 (2 %) Americas 8 (3 %)



Germany 133 (54 %)



Figures after deducting Other/Consolidation


Financials Working capital needs & net debt

4

Net financial debt & pensions

Net

fina

ncia

l de

bt

Pens

ions

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.

626 580 605

2011 2012 2013 2014

604

2011 2012 2013 2014

645

52

611

82

672

84

646

119


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

Con

trac

t val

ue

EUR

Negative cash contribution

12 24 months

Con

trac

t val

ue

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 FY 2014

4

*Previous years figures adjusted

in EUR '000 FY 2013* FY 2014 ∆ FY in %

Consolidated revenues (P&L) 1.447.525 1.506.019 4,0%

Sales revenues (P&L) 1.402.173 1.375.679 -1,9%

Material costs -755.906 -749.247 -0,9%

Personnel costs -342.815 -355.250 3,6%

Depreciation and amortization of fixed assets -79.696 -78.781 -1,2%

Write-downs of inventories due to use -14.196 -15.789 11,2%

Other operation expenses -224.827 -230.526 2,5%

EBIT 30.085 76.426 n/a

Financial income 7.729 7.096 -8,2%

Financial expenses -45.541 -45.149 -0,9%

Result from associated entities 1.770 -572 n/a

Profit before tax (EBT) -5.957 37.801 n/a

Income tax -13.474 -22.075 63,8%

Net income -19.431 15.726 n/a

of which attributable to shareholders of BAUER AG -16.927 14.481 n/a

of which attributable to non-controlling interest -2.504 1.245 n/a


Financials Balance sheet December 31, 2014

4

(a) Other provisions also include short term portion of pension provisions *Previous years figures adjusted

in EUR '000 Dec 31, 2013* Dec 31, 2014 ∆ in %

Assets 1.585.788 1.575.083 -0,7%

Intangible assets 35.388 34.440 -2,7%

Property, plant and equipment 459.537 446.909 -2,7%

Long term financial assets 22.282 74.939 n/a

Other long term assets & deferred taxes 33.863 38.465 13,6%

Receivables from concession arrangements 36.762 0 n/a

Inventories 419.352 439.184 4,7%

Receivables and other assets 517.950 496.650 -4,1%

Effective income tax refund claims 3.437 2.661 -22,6%

Cash and cash equivalents 57.217 41.835 -26,9%

Equity and liabilities 1.585.788 1.575.083 -0,7%

Equity 419.815 418.925 -0,2%

Pension provisions 81.637 116.358 42,5%

Non-current liabilities 300.874 406.898 35,2%

Current liabilities 757.079 605.559 -20,0%

Other provisions (a) / tax 26.383 27.343 3,6%


Financials Cash flow statement FY 2014

4

in EUR '000 FY 2013* FY 2014 ∆ FY in %

Cash flow from operating activities 38.416 115.398 n/a

Cash flow from investing activities -67.153 -47.452 -29,3%

Cash flow from financing activities 43.576 -86.891 n/a

Free Cash Flow -28.737 67.946 n/a

Changes in liquid funds affecting payments 14.839 -18.945 n/a

Influence of exchange rate movements on cash -2.854 3.563 n/a

Total change in liquid funds 11.985 -15.382 n/a

Cash at beginning of reporting period 45.232 57.217 26,5%

Cash at end of reporting period 57.217 41.835 -26,9%*Previous years figures adjusted


Guidance 2015 Top-line growth with a slight increase in profitability

5

2014e* 2014 final 2015e

Total Group Revenues ~ 1,550 EUR million 1,560 EUR million ~ 1,600 EUR million

EBIT ~ 75 EUR million 76.4 EUR million ~ 75 EUR million

Net profit at lower end of 15-20 EUR million 15.7 EUR million ~ 18-23 EUR million

Bagatelle dam – Mauritius Water treatment plant – Leuna, Germany

* Guidance published November 14, 2014

In-house exhibition 2014 – Schrobenhausen

BAUER Group


Appendix

Equipment programme D

Resources projects E

The BAUER Group A

F Market environment Germany

G BAUER share

Construction projects C

p. 25

p. 30

p. 34

p. 39

p. 43

p. 44

H Key Figures Time Line p. 46

What is specialist foundation? B p. 28


1790 · 1900 · 1902 · 1928 · 1948 · 1956 · 1958 · 1967 · 1969 · 1972 · 1975 · 1976 · 1984 · 1990 · 1992 · 1994 · 1998 · 2001 · 2014

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 2014: Total Group

revenues EUR 1.560

billion, 10,405

employees

4. Jul 2006: IPO

Sept 2006: Admittance in

SDAX

A

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 2000-2014


A BAUER Group The three segments

26 © 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


A BAUER Group Headquarters and plant Schrobenhausen, Germany


What is specialist foundation? Building an excavation pit

B

Ground Water

Injection Anchor

Sealing Slab

Supporting Wall

Underpinning Injection

Pile Foundation


What is specialist foundation used for? Applications for projects

B

Foundations Cut-off walls Excavation pits

Buildings Infrastructure Water – Energy Industry

Ground improvement


Construction Mauritius – Diaphragm wall for Bagatelle dam

C


Construction Bhutan – Diaphragm wall for hydroelectric power plant

C


C Construction Aswan, Egypt – Offshore pile foundation for Nile bridge


Construction Germany – Foundation works for Schwarzkopf Tunnel bypass

C


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

D

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

D

BG 42 BG 50 BG 20

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


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

MC 128 MC 96 MC 64


D 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.


D Equipment Product range: Underwater Drilling


Resources Segment The three competence areas

E

Environment Exploration & Mining Services

Materials

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


Resources Materials

E

Amman, Jordan – Drilling works and installation of production wells


Resources Exploration and Mining Services

E

Oil drilling rig of Site Goup Tulves, South Tyrol

Canada – Diavik Mine


Resources Environment

E

Oman – Reed Bed Water Treatment Plant


West-Germany

Employees in 1000 574.6 182.8 -38.2 2.2 0.3 -62.1 -0.5 -0.3

Revenues in EUR billion 78.3 21.2 -1.3 4.4 4.2 -43.6 -1.4 4.1Building construction 51.8 12.3 -4.1 4.8 4.1 -50.6 -0.9 6.0Foundation engineering 26.5 8.9 4.8 3.4 4.2 -30.0 -2.0 1.5

Orders received *in EUR billion

Housebuilding 9.4 2.1 -26.6 5.2 3.3 -72.1 11.1 9.0Industrial building 19.3 5.0 -3.9 4.8 -0.5 -57.7 -6.1 1.0Public sectorof which

public buildings 2.7 0.9 -33.4 4.9 -3.6 -56.4 -5.4 -3.3road building 7.6 2.2 22.6 5.9 -0.3 -16.0 6.7 -8.0underground structures 5.4 1.5 -31.8 3.3 -6.4 -51.5 -1.5 -0.8

*) only companies > 20 employees

Absolute Figures2014

-3.1 -41.115.7 4.7 1.5 -4.8-13.7 4.8

-0.4

2014/2013

-0.1-13.1

1995

-0.6

2012

4.8 -56.944.4 11.8

2014/2013December 2014 2013/ Jan-Dec

1995 2012East-

Germany2014/ Jan-Dec

Change in %West Germany East Germany

2013/2014/

Market environment – Germany German construction market F

Source: Federal Statistical Office, Statistical Office Bavaria


BAUER share Facts & Figures

G

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

Listed in SDAX (MDAX from 22.09.2008 to 19.09.2010)

Shareholder structure

Share performance (01/2014 – 03/2015)

SDAX DAX

Trading volume

BAUER AG

in EUR 2011 2012 2013 2014 2015

Earnings per share 1.86 1.44 -0.99 0.85 ---

Share price year end 21.10 19.32 18.81 13.35 ---

Share price highest 38.49 26.50 23.05 20.04 18.00

Share price lowest 16.04 16.13 17.33 11.75 13.85

Market Cap (in EUR million)

361.5 331.0 322.2 228.7 ~300

48.19 %


BAUER share Dividend policy

G

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

* Proposed; subject to the consent of the Annual General Meeting to be held on June 25, 2015

in EUR per share


H Key Figures Time Line FY 2011 – FY 2014

* Figures 2013 adjusted

Total Group Revenues(in EUR million)BAUER Group 1.527,2 1.275,8 1.304,0 1.371,8 340,0 361,6 361,7 372,5 1.435,8 330,7 390,7 382,6 400,2 1.504,2 378,1 371,1 413,9 397,1 1.560,2

Construction 700,9 570,0 615,4 606,6 156,9 163,4 163,7 171,2 655,2 153,5 192,7 183,0 212,5 741,7 176,5 174,9 181,8 179,8 713,0Equipment 780,1 608,5 581,7 636,5 140,7 150,5 153,0 144,9 589,1 152,4 157,3 163,9 155,0 628,6 165,8 155,6 186,1 144,3 651,8Resources 135,1 174,3 177,7 211,5 58,1 65,5 67,7 71,5 262,8 39,1 54,7 53,2 41,9 188,9 48,4 52,5 59,6 92,3 252,8

Sales Revenues(in EUR million)BAUER Group 1.290,8 1.096,5 1.131,7 1.219,6 286,2 319,2 328,5 410,5 1.344,4 262,6 344,7 361,2 433,7 1.402,2 313,4 332,2 368,1 362,0 1.375,7

Construction 584,3 487,9 505,8 506,2 138,8 144,4 148,3 147,6 579,1 124,4 167,8 182,4 182,9 657,5 165,9 162,7 163,5 142,0 634,1Equipment 601,2 456,5 469,3 511,4 93,6 108,4 124,1 194,5 520,6 104,1 125,5 127,5 204,5 561,6 104,8 118,7 147,4 174,3 545,2Resources 105,1 152,0 156,4 201,5 53,6 66,3 56,0 68,4 244,3 34,0 51,4 51,4 45,8 182,6 42,5 50,7 57,2 45,5 195,9

EBIT(in EUR million)BAUER Group 167,5 84,4 88,4 82,3 6,4 13,0 26,3 26,3 72,0 2,3 5,1 5,3 17,4 30,1 4,9 8,7 24,7 38,1 76,4

Construction 46,3 25,7 28,8 17,9 2,3 4,2 9,7 5,8 22,0 0,3 2,6 15,5 2,8 21,2 1,4 6,0 12,9 4,8 25,1Equipment 118,3 51,3 48,3 53,0 5,0 6,8 8,6 13,6 34,0 3,8 2,0 7,5 18,9 32,2 5,6 7,6 12,7 11,0 36,9Resources 4,0 6,0 8,1 10,9 -0,6 1,6 7,7 6,5 15,2 -2,4 -0,1 -17,6 -3,9 -24,0 -2,1 -1,2 -2,4 21,6 15,9

EBIT margin(in %)BAUER Group 13,0% 7,7% 7,8% 6,7% 2,3% 4,1% 8,0% 6,4% 5,4% 0,9% 1,5% 1,5% 4,0% 2,1% 1,6% 2,6% 6,7% 10,5% 5,6%

Construction 7,9% 5,3% 5,7% 3,5% 1,7% 2,9% 6,5% 3,9% 3,8% 0,2% 1,5% 8,5% 1,5% 3,2% 0,8% 3,7% 7,9% 3,4% 4,0%Equipment 19,7% 11,2% 10,3% 10,4% 5,3% 6,3% 6,9% 7,0% 6,5% 3,7% 1,6% 5,9% 9,2% 5,7% 5,3% 6,4% 8,6% 6,3% 6,8%Resources 3,8% 3,9% 5,2% 5,4% -1,1% 2,4% 13,8% 9,5% 6,2% -7,1% -0,2% -34,2% -8,5% -13,1% -4,9% -2,4% -4,2% 47,5% 8,1%

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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 Aktiengesellschaft Financial calendar 2015

Publication Annual Report 2014 April 10, 2015 Annual Press Conference April 10, 2015 Analyst Conference April 10, 2015 Annual General Meeting June 25, 2015 Interim Report to March 31, 2015 May 13, 2015 Half-Year Interim Report to June 30, 2015 August 14, 2015 Interim Report to September 30, 2015 November 13, 2015

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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

IR presentation Q1/2014 · FY 2014 . in EUR million ∆ FY in % Total Group revenues, of which - Germany - International - Construction - Equipment - Resources - Other/Consolidation