m-u-t AG - Meßgeräte für Medizin- und Umwelttechnik2017/12/12 · Avantes Holding B.V....

Copyright by m-u-t AG

m-u-t AG

- Meßgeräte für Medizin- und Umwelttechnik -

24. MKK - Münchner Kapitalmarkt Konferenz

12. Dezember 2017

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m-u-t AG

- Meßgeräte für Medizin- und Umwelttechnik -

24. MKK - Münchner Kapitalmarkt Konferenz

Maik Müller I Fabian Peters 12. Dezember 2017

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m-u-t Group

▪ Company Profile

▪ Group Structure

▪ Finance KPI’s

▪ Share m-u-t AG

▪ Products, Technologies & Markets

▪ Conclusion and Outlook

3


Overview m-u-t AG

20 Years

Innovation Technology

Leader

Stock

Segment

“Scale”Sales* FC 2017

~59,0 Mio. EUR

>300

Employees

Optical

Measurement

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* sales without LayTec AG


Key Facts – m-u-t AG

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▪ Headquarters in Wedel; Northern Germany

near Hamburg

▪ Strategic Financial Holding

▪ Management Board

Maik Müller

Fabian Peters

▪ Stock listed since 2007 / 5,070,000 shares*

▪ WKN A0MSN1

▪ Approx. 300 employees; thereof

about 30 % engineers

▪ 54.5 Mio. EUR revenue in 2016

▪ 6.8 Mio. EUR EBIT in 2016

▪ www.mut.ag

*after capital increase - acquisition LayTec AG


m-u-t Group

▪ Company Profile

▪ Group Structure

▪ Finance KPI’s

▪ Share m-u-t AG



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Powerful Brands within the Group

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m-u-t AG

m-u-t GmbH

Wedel, DE

tec5 AG

Oberursel, DE

Avantes Holding

Apeldoorn, NL

APOS GmbH

Wedel, DE

LayTec AG

Berlin, DE

Fabian Peters

Maik Müller

Fabian Peters

Heinrich UnlandMaik Müller Benno Oderkerk Thomas Zettler

Notes: The acquisition of LayTec AG was signed Nov. 2017; closing expected early 2018


Key Facts – LayTec AG

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LayTec fulfilled the perfect technology and strategic fit for the m-u-t Group.

This acquisition broadens the portfolio of the group on the upper end of the

value chain and level of integration.

▪ Development and manufacturing of

metrology-based solutions

▪ In-situ and in-line measurement

solutions for compound (LED, VCSEL), Si

and PV (OPV and Si)

▪ www.laytec.de

▪ Headquarters in Berlin; Germany

▪ CEO: Dr. Thomas Zettler

▪ Approx. 70 employees; thereof

about 30 % engineers

▪ Approx. 6.5 Mio. EUR revenue (FC)

in 2017

Acquisition structured via stock swap (appropriate capital increase m-u-t shares:

285,000) plus cash.



Structure m-u-t Group

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The set-up of the corporate structure as well as the reduction in minority

interests are constantly brought into focus and pushed forward.

▪ The share in tec5 AG has been increased from 95.0 % to 100.0 % in 2016

▪ The share in Avantes Holding B.V. will increase by 25.04 % early 2018 (Call-Option executed)

▪ tec5 China was founded in the third quarter 2017

▪ Acquisition of LayTec AG end of November 2017

m-u-t AG

(Holding)

Wedel, DE

100% 74.96% 100%

100% 100% 100% 60% 60%51%

m-u-t GmbHWedel, DE

Avantes Holding B.V.Apeldoorn, NL

tec5 AGOberursel, DE

Avantes UK Ltd.Leatherhead , UK

Avantes Inc.Colorado, US

Avantes China Ltd.Peking, CN

Avantes Hongkong Ltd.Hongkong, HK

tec5 USA Inc.New York, US

Avantes B.V.Apeldoorn, NL

APOS GmbHWedel, DE

55%

tec5 China Ltd.Peking, CN

80%

LayTec AGBerlin, DE

95.60%



m-u-t Group

▪ Company Profile

▪ Group Structure

▪ Finance KPI’s

▪ Share m-u-t AG



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Finance KPI’s - Sales

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▪ Increase in sales to another new record of approx. 59.0 Mio. EUR

▪ Medium term target is a revenue level of approx. 100.0 Mio. EUR

2013 2014 2015

49.552.1+21 %

+8.5 Mio. EUR

2016

41.0

54.5

+5 %

+2.6 Mio. EUR

+5 %

+2.4 Mio. EUR

2017 FC

+8 %

+4.5 Mio. EUR

59.0

Notes: values in million EUR; without acquisition LayTec AG


Finance KPI’s - Sales by segment

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In 2016 increase of sales in segment Life Science and Green Tech

8.0

34.7

5.4

4.0

Life Science

Clean Tech

Green Tech

Other segments

Business year 2015

12.7

33.1

7.2

1.4

Life Science

Clean Tech

Green Tech

Other segments

Business year 2016



Finance KPI’s - EBIT

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▪ Not only sales, but also operating income will increase to a

new record in 2017

▪ The current level of double digit EBIT margins continue to be

the target for the coming years

2.43.0

5.9

2013 2014 2015 2016

9.0+15 %

+0.9 Mio. EUR

2017 FC

6.8

+26 %

+0.6 Mio. EUR

+32 %

+2.2 Mio. EUR

+96 %

+2.9 Mio. EUR



Finance KPI’s - Overview

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Strong increase in all Finance KPI’s confirms again the right

company’s strategic direction.

P&L

Financial Figures 2014 2015 2016 FC 2017 +/-

Revenue 49.5 52.1 54.5 59.0 +8 %

EBIT 3.0 5.9 6.8 9.0 +32 %

Balance Sheet

Financial Figures 2014 2015 2016 HY 2017 +/-

Equity 6.8 10.9 13.6 17.3 +27 %

Equity ratio 28 % 42 % 48 % 53 % +12 %

Total assets 24.1 26.2 28.7 32.4 +13 %

Cash 6.4 8.3 10.6 12.9 +22 %

Liabilities to banks 8.5 6.2 5.3 4.5 -16 %



m-u-t Group

▪ Company Profile

▪ Group Structure

▪ Finance KPI’s

▪ Share m-u-t AG



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Share m-u-t AG

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Source: www.ariva.de / 07.12.2017

The m-u-t AG share price shows a significant uptrend.

▪ As from 1 March 2017 a switch

to the new SME Segment

“Scale” has taken place

▪ The m-u-t AG share price has

established a sustained

presence and is considerably

higher than the Index

▪ Additional requirements due to

the EU Market Abuse

Regulation (MAR) have been

successfully installed

http://www.ariva.de/


m-u-t Group

▪ Company Profile

▪ Group Structure

▪ Finance KPI’s

▪ Share m-u-t AG



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Five Brands - one Product Portfolio

The whole spectrum of non-destructive optical measurement!

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Fiber optic spectroscopy for OEM and scientific applications

▪ Spectrometers

▪ Fiber-optics & Probes

▪ Light sources and Accessories

High-grade measurement systems for process applications

▪ Spectrometer & photometer / Process integrated systems

▪ Electronics for spectral sensors and detector arrays

▪ OEM subassemblies

System solutions based on non-contact measurement systems

▪ Mathematic algorithms / Mechanical integration

▪ Control technology / Fire detection

▪ Lab automation / Medical devices

Optical online and atline measurement applications for the wood

processing industry, power generation and more

▪ Wood reception control, wood yard management, QC, billing

▪ Process Applications for optimized board production

Optical in-situ and in-line metrology systems with automated data analysis

and interfacing to MES, SPC and feed-back control applications

▪ Control of multilayer epitaxial growth and etching in semiconductor industry

▪ Combining optical methods for yield optimization in large-area coating


Process Applications

for wood industry

From Component to System

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Avantes:

Spektrometer / opt.

Baugruppen /

Komponenten

to all Markets

Valu

e C

reation /

Level of

Inte

gra

tion

Spectral Benches

Spectrometers

Components

to all MarketsUnits

Systems

Electronics

System Solutions

Integration

Data Processing

Integrated metrology for

advanced processes

Selected

Markets

Turn-key

Solutions


Markets – Semiconductor

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Production Control of Integrated Circuits, LEDs und Displays

▪ Highest requirements to measure-

ment rate (high speed) and signal

quality

▪ High availability - 24/7

▪ Copy exact philosophy -

any measurement system has to be

exactly equal, down to the last screw

Clean Tech


Markets – Photovoltaic

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Production Control for Photovoltaic

▪ Inline measurement in coating

processes (CIGS)

▪ Up to 10 channels simultaneous

▪ Online data prediction

Solar cell manufacturing with roll-to-roll methods. Courtesy: GTM Research

Clean Tech


Markets – Agriculture / Farming

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Measurement Systems for Precision Farming

▪ Analysis of vegetation for selective

nitrogen fertilization

▪ Online calculation of the optimum

amount of fertilizer

▪ Analysis of slurry content during output

▪ Sorting of vegetables and fruits

Green Tech


Markets – Industrial Processes

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Production and Quality Control – Industry 4.0

▪ Inline control of process parameters in

rough environments with 24/7

▪ Integrated data processing

▪ Process communication direct with PCS

(process control system)

Clean Tech


Markets – Train and Transportation

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Control and Monitoring in Trains

▪ Optical measurement systems with

highly integrated electronics

▪ Long-term life cycle management –

in train business up to 30 years and

more

▪ Determination of specifications, product

development, validation and production

as one-stop shop

▪ Regulatory requirements (SIL) –

e.g. EN 50155, EN 45545

Clean Tech


Markets – Fire Detection

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Insurance Protection needs Fire Detection

▪ Integrated visual camera for plant

operator

▪ Integrated distance measurement to

guide fire fighting and water cannon

▪ Detection of very small hot-spots

▪ Big heat sources allowed (e.g. wheel loader) –

stationary or moving

▪ 24/7 in rough environments (e.g. waste sites)

Clean Tech


Markets – Medical and Diagnostics

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▪ Diagnostics in tubes or in-situ in

blood vessels – many

parameters are measurable

▪ Point-of-Care and patient

monitoring – trends in health

care

▪ Online measurement

(quantitative and qualitative)

with spectroscopy or photonics

Point-of-Care – Measurement in Blood

Life Science


Markets – QSP

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▪ QSP is a technology capable of

addressing a large variety of

applications in each of our

addressed market segments

▪ QSP is capable of detecting

bacteria and toxins very fast and

with a low detection threshold

▪ Example applications include

toxins in industrial food

processing, bacteria

concentration measurement in

water or blood analysis for early

heart attack detection

QSP – Quantitative highest Sensitivity Particle measurement

Life Science


Markets – Wood Processing Industry

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▪ Online/Atline Analysis during material

reception for quality monitoring and

more in real time – pay by quality

▪ Online measurement of wood in

panel-/OSB/particle board

Production – save costs, achieve

higher output

▪ Biomass Power Plant optimisation:

calorific value driven combustion

management – higher output

▪ Monitoring and optimisation of

various industrial drying processes –

save energy

Incoming Goods inspection, production optimization applications

Clean Tech


m-u-t Group

▪ Company Profile

▪ Group Structure

▪ Estimated Finance KPI’s 2016

▪ Share m-u-t AG



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Outlook Technology

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We are experts in non-destructive optical measurement!

▪ High-precision dissection, measurement and processing of light

▪ Spectroscopy and photometry – from UV to Infrared & RAMAN

▪ Analysis and mathematical processing with complex algorithms

▪ Easy to use for the end customer: “Smart Sensors“

▪ Process communication, combined with further challenging technologies,

e.g. handling systems

▪ Integration in machines, plants und vehicles – robust and reliable


Outlook Markets & Applications

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What will be the challenges in the future?

▪ Environmental Protection -

Management of resources & regulatory

▪ Industry 4.0 -

From quality monitoring to production control

▪ Point of Measurement / Sensor to the Spot -

Integration in machines, plants, devices

▪ Population Growth -

Best usage of our natural resources

▪ Health -

Point-of-Care diagnostics

▪ Consumer Applications -

Miniaturization


m-u-t AG Meßgeräte für Medizin- und Umwelttechnik

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Disclaimer

This document includes forward looking statements on m-u-t AG, its subsidiaries and

associates, and on the economic and political conditions that may influence the business

performance of m-u-t AG.

All these statements are based on assumptions made by the Executive Board using

information available to it at the time.

Should these assumptions prove to be wholly or partly incorrect, or should further risks

arise, actual business performance may differ from that expected.

The Executive Management Board therefore cannot assume any liability for the

statements made.

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Contact Details

m-u-t AG

Am Marienhof 2

D-22880 Wedel

Fon: +49 (0)4103 9308-0

E-Mail: [email protected]

Internet: www.mut.ag

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Investor Relations

Jochen Fischer

Fon: +49 (0)40 822186380

E-Mail: [email protected]

m-u-t AG - Meßgeräte für Medizin- und Umwelttechnik2017/12/12 · Avantes Holding B.V....

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Transcript of m-u-t AG - Meßgeräte für Medizin- und Umwelttechnik2017/12/12 · Avantes Holding B.V....