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CONFERENCE CALL
RESULTS JANUARY – JUNE 2015
DÜRR AKTIENGESELLSCHAFT
Bietigheim-Bissingen, August 6, 2015
WELCOME
Ralf W. Dieter, CEO
Ralph Heuwing, CFO
DISCLAIMER
This presentation has been prepared independently by Dürr AG (“Dürr”).
The presentation contains statements which address such key issues as Dürr´s strategy, future financial
results, market positions and product development. Such statements should be carefully considered,
and it should be understood that many factors might cause forecast and actual results to differ from
these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations,
developments in raw material and personnel costs, physical and environmental risks, legal and
legislative issues, fiscal, and other regulatory measures. Stated competitive positions are based on
management estimates supported by information provided by specialized external agencies.
2© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
522.2
924.4
Sales revenues
FINANCIAL HIGHLIGHTS
© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 3
Q2 2015 vs. Q2 2014, in € m
-18.4
-28.6
Cash flow from
operating
activities
45.0
67.2
Operating
profit1
+49.3%
8.6%
7.3%
Strong improvement in Q2 earnings
Expected increase in NWC led to a cash flow decrease
+77.0%
28.7
36.5
Net profit
+27.2%
5.5%
4.0%
Margin
1EBIT before extraordinary effects HOMAG Group (PPA, termination of employee participation program)
STRONG INCREASE IN BUSINESS VOLUME
4
Strong increase in sales in Q2: +77%; +29% on a like-for-like basis
Catch-up effects in sales realization; FX with positive impact on business volume
Small decline in order intake on a like-for-like basis due to a large single order in Q2 2014, but Q2
order intake at Q1 level
Project pipeline has not declined in Q2; no signs of weakness in H2
© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
in € m H1 2015 H1 2014 Δ Q2 2015 Q2 2014 Δ
Incoming orders 1,795.5 1,271.5 41.2% 900.0 707.1 27.3%
Sales revenues 1,773.5 1,060.4 67.2% 924.4 522.2 77.0%
Orders on hand (06/30) 2,828.0 2,351.6 20.3% 2,828.0 2,351.6 20.3%
1,271.5
275.6 233.4 225.5
480.0
57.1
1,795.5
419.1 456.3
258.9
543.6
117.6
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
Total China America Germany Europe w/o Germany Asia (w/o China),
Africa, Australia
2014 2015
+15%
+106%
+52% +96%
+41%
5
INCOMING ORDERS
H1 2015 VS. H1 2014
© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
in € m
Healthy demand in North America
China with strong performance in Q2
+13%
OPERATING PROFIT1 Q2 2015: +49%
6© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
Sequential earnings increase: Operating profit Q2 compared to Q1: +14%
Operating profit margin in H1 at 7.1% weaker HOMAG margin compared to Dürr, different
sales mix
HOMAG integration impacted financial result by more than € -13 m; tax ratio normalized in Q2
in € m H1 2015 H1 2014 Δ Q2 2015 Q2 2014 Δ
Gross profit on sales 380.0 233.6 62.7% 198.5 117.9 68.3%
EBITDA 146.7 102.5 43.1% 75.9 51.7 46.8%
EBIT 108.0 89.2 21.0% 60.5 45.0 34.5%
Operating profit1
126.2 89.2 41.4% 67.2 45.0 49.3%
Net income 53.5 57.9 -7.6% 36.5 28.7 27.3%
1EBIT before extraordinary effects HOMAG Group (PPA, termination of employee participation program)
2015 AND 2016 FINANCIAL IMPACT FROM
HOMAG TAKEOVER1
© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 7
in € m H1 2015 FY 2015e FY 2016e
EBIT HOMAG Group 27.32
57.02,3
67.03
Optimization costs -4.4 -10.0 -
PPA -13.8 -17.9 -8.7
EBIT at Dürr level 9.1 29.1 58.3
Financial result impact4
-8.3 -11.8 -7.0
Financial result HOMAG (incl. refinancing syn loan) -6.3 -8.0 -3.0
EBT at Dürr level -5.5 9.3 48.3
1simplified overview
2before termination of employee participation program and before interest on employee participation program
3consensus estimates
4domination and profit & loss transfer agreement
EXPECTED INCREASE IN NWC AND
DIVIDEND CAUSED A DECLINE IN NFS
8© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
in € m H1 2015 H1 2014
EBT 90.8 80.1
Depreciation and amortization of non-current assets 38.7 13.3
Interest result 18.7 9.6
Income taxes paid -39.6 -19.7
Δ Provisions 20.8 -11.3
Δ Net working capital -86.5 -26.0
Other -32.0 -21.8
Cash flow from operating activities 10.9 24.2
Interest paid (net) -11.1 -1.1
Capital expenditures -36.0 -17.8
Free cash flow -36.2 5.3
Others (e.g. currency effects) -42.9 -58.6
Change net financial status -79.1 -53.3
WIP BALANCE: SIGNIFICANT DECLINE, BUT
STILL ABOVE USUAL LEVEL
© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 9
in € m 06/30/2015 12/31/2014 06/30/2014
Assets
WIP in excess of billings 417.7 366.3 315.8
Liabilities
Billings in excess of WIP 610.0 675.2 543.4
Machinery business
Progress billings 115.9 88.1 20.4
Billings in excess of WIP 19.9 7.3 -31.0
Balance
Total WIP less total progress billings -212.3 -316.2 -196.6
Prepayments (liabilities) 726.0 763.3 563.82 3+
4
1
2
3
1 2 4- -
ROCE ON THE RISE IN Q2
10© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
Equity ratio at 21% due to changed profit entitlement of HOMAG´s free shareholders
( guarantee dividend) and due to dividend payout
Equity ratio should reach 25% at year end 2015
Lower cash due to negative free cash flow and optimization of financial structure
1 annualized
06/30/2015 12/31/2014 06/30/2014
Equity in € m 604.2 725.8 513.7
Equity ratio in % 20.5 24.4 23.0
Net financial status in € m 88.7 167.8 227.2
Cash in € m 391.6 522.0 393.5
Gearing in % -17.2 -30.1 -79.3
ROCE1
in % 40.9 38.7 58.0
WOODWORKING MACHINERY AND SYSTEMS
© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 11
Operational development fully on track
Strong growth in H1 (HOMAG Group): incoming orders +11%; sales +17%; EBIT +44%
Book-to-bill at 1.1
H1 EBIT margin WMS (before extraordinary effects) at 5.4%
FOCUS program started; employee participation program terminated; new organization
structure implemented; new CEO (Mr. Pekka Paasivaara) on board
in € m H1 2015 Q2 2015
Incoming orders 557.4 270.3
Sales revenues 504.1 249.8
EBIT 9.1 8.1
PAINT AND FINAL ASSEMBLY SYSTEMS
Incoming orders at previous year´s level despite a large single order in Q2 2014
Strong China business
Sales increase of 34% after project delays in the previous year
12© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
EBIT +22% in H1
in € m H1 2015 H1 2014 Q2 2015 Q2 2014
Incoming orders 588.1 608.9 309.2 354.9
Sales revenues 637.9 477.1 340.0 225.5
EBIT 48.0 39.4 24.9 18.4
EBIT +11% in H1
Incoming orders in Q2 at Q1 level; Q2 2014 impacted by a large single order
New industrial products business with small sales contribution
EBIT margin stable in Q2 despite start-up costs for the new industrial products business
13© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
APPLICATION TECHNOLOGY
in € m H1 2015 H1 2014 Q2 2015 Q2 2014
Incoming orders 268.7 305.6 135.2 170.3
Sales revenues 279.0 249.2 148.9 121.8
EBIT 28.9 26.1 15.9 13.3
MEASURING AND PROCESS SYSTEMS
Order intake growth at 8%; book-to-bill at 1.1
Ongoing good margin situation in balancing business, cleaning business with further improvement in
H1 and additional potential
14© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
Positive development continues
in € m H1 2015 H1 2014 Q2 2015 Q2 2014
Incoming orders 308.5 285.5 146.6 146.9
Sales revenues 283.9 272.4 147.3 144.1
EBIT 26.6 25.6 14.1 13.9
CLEAN TECHNOLOGY SYSTEMS
Full project pipeline in the US and China, clear improvement in sales and incoming orders in Q2
Small loss in Q2, but strong earnings in H2 expected
15© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
Weak European market conditions & disappointing business in energy efficiency technology
in € m H1 2015 H1 2014 Q2 2015 Q2 2014
Incoming orders 72.2 71.6 38.6 35.1
Sales revenues 68.0 61.7 38.1 30.8
EBIT 0.2 2.3 -0.3 1.4
SERVICE BUSINESS
16
Positive effects from group initiative CustomerExcellence@Dürr
launched in 2013
Sales revenues up 19% on a comparable basis
HOMAG’s service margins are on the same level as in
Dürr’s machinery businesses
Significant service growth
40%
42%
18%
Modifications and upgrades
Spare parts and repair
Maintenance, assessments, seminars
Service mix H1 2015
© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
in € m H1 2015 H1 2014 Δ
Sales revenues (in € m) 425.3 257.5 65.2%
In % of group sales 24.0 24.3 -0.3 ppt
20.9 20.7 24.4
20.0 20.6
23.7
21.4 21.3
24.6
22.1 23.9
30.41.9 2.1
2.5
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
110.0
2014 2015 2019
Americas Europe Asia (w/o China) China Others
+4%
+5%
+4%
+4%
+6%
+11%
+8%
+3%
-1%
-1%
FURTHER GROWTH IN THE CAR MARKET
© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 17
Chinese market weakness expected to be temporary
CAGR
Source: own estimates, PwC
Last update: July 2015
in m units LV
Ʃ 86.3
Ʃ 88.6
Ʃ 105.6
+5%
+3%
1,261
1,922
2,400
2,407
2,575
3,400-
3,500
2010 2011 2012 2013 2014 2015e
1,642
2,685 2,597 2,387
2,793
3,200-
3,500
2010 2011 2012 2013 2014 2015e
2.9
5.5
7.4
8.4
8.6 7.0-7.5%
2010 2011 2012 2013 2014 2015e
EBIT margin in %
OUTLOOK UNCHANGED
EBIT margin between 7.0 and 7.5%1 due to HOMAG
Incoming orders in € mSales in € m
18© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
1after extraordinary effects HOMAG Group
SUMMARY
© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 19
H1 with strong underlying growth in sales revenues
Q2 order intake on the high level of Q1
Earnings development in line with expectations, Q2 clear improvement vs. Q1 and
Q2 2014
HOMAG´s integration fully on track; further steps initiated
China will remain one of our core markets in the future; weakness in the car market
should be short-lived
FINANCIAL CALENDAR
© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 20
09/09/2015 Commerzbank Sector Conference, Frankfurt
09/10/2015 Morgan Stanley Industrials and Natural Resources Summit, London
09/14/2015 UBS The Future of Auto Capex Conference, Frankfurt
09/15/2015 Deutsche Bank IAA Cars 2015 Conference, Frankfurt
09/17/2015 UBS Best of Germany Conference, New York
09/21/2015 Berenberg German Corporate Conference, Munich
09/22/2015 Baader Investment Conference, Munich
11/03/2015 Interim report for the first nine months of 2015
Contact Dürr Aktiengesellschaft
Corporate Communications & Investor Relations
Günter Dielmann / Mathias Christen / Stefan Tobias Burkhardt
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Germany
Phone: +49 7142 78-1785 / -1381 / -3558
Telefax: +49 7142 78-1716
E-mail: investor.relations@durr.com
www.durr.comwww.durr.com
CONFERENCE CALL
RESULTS JANUARY – JUNE 2015
DÜRR AKTIENGESELLSCHAFT
Bietigheim-Bissingen, August 6, 2015
Ralf W. Dieter, CEO
Ralph Heuwing, CFO

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Dürr AG Conference Call Q2 / H1 2015

  • 1. www.durr.comwww.durr.com CONFERENCE CALL RESULTS JANUARY – JUNE 2015 DÜRR AKTIENGESELLSCHAFT Bietigheim-Bissingen, August 6, 2015 WELCOME Ralf W. Dieter, CEO Ralph Heuwing, CFO
  • 2. DISCLAIMER This presentation has been prepared independently by Dürr AG (“Dürr”). The presentation contains statements which address such key issues as Dürr´s strategy, future financial results, market positions and product development. Such statements should be carefully considered, and it should be understood that many factors might cause forecast and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, physical and environmental risks, legal and legislative issues, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. 2© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015
  • 3. 522.2 924.4 Sales revenues FINANCIAL HIGHLIGHTS © Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 3 Q2 2015 vs. Q2 2014, in € m -18.4 -28.6 Cash flow from operating activities 45.0 67.2 Operating profit1 +49.3% 8.6% 7.3% Strong improvement in Q2 earnings Expected increase in NWC led to a cash flow decrease +77.0% 28.7 36.5 Net profit +27.2% 5.5% 4.0% Margin 1EBIT before extraordinary effects HOMAG Group (PPA, termination of employee participation program)
  • 4. STRONG INCREASE IN BUSINESS VOLUME 4 Strong increase in sales in Q2: +77%; +29% on a like-for-like basis Catch-up effects in sales realization; FX with positive impact on business volume Small decline in order intake on a like-for-like basis due to a large single order in Q2 2014, but Q2 order intake at Q1 level Project pipeline has not declined in Q2; no signs of weakness in H2 © Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 in € m H1 2015 H1 2014 Δ Q2 2015 Q2 2014 Δ Incoming orders 1,795.5 1,271.5 41.2% 900.0 707.1 27.3% Sales revenues 1,773.5 1,060.4 67.2% 924.4 522.2 77.0% Orders on hand (06/30) 2,828.0 2,351.6 20.3% 2,828.0 2,351.6 20.3%
  • 5. 1,271.5 275.6 233.4 225.5 480.0 57.1 1,795.5 419.1 456.3 258.9 543.6 117.6 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 Total China America Germany Europe w/o Germany Asia (w/o China), Africa, Australia 2014 2015 +15% +106% +52% +96% +41% 5 INCOMING ORDERS H1 2015 VS. H1 2014 © Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 in € m Healthy demand in North America China with strong performance in Q2 +13%
  • 6. OPERATING PROFIT1 Q2 2015: +49% 6© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 Sequential earnings increase: Operating profit Q2 compared to Q1: +14% Operating profit margin in H1 at 7.1% weaker HOMAG margin compared to Dürr, different sales mix HOMAG integration impacted financial result by more than € -13 m; tax ratio normalized in Q2 in € m H1 2015 H1 2014 Δ Q2 2015 Q2 2014 Δ Gross profit on sales 380.0 233.6 62.7% 198.5 117.9 68.3% EBITDA 146.7 102.5 43.1% 75.9 51.7 46.8% EBIT 108.0 89.2 21.0% 60.5 45.0 34.5% Operating profit1 126.2 89.2 41.4% 67.2 45.0 49.3% Net income 53.5 57.9 -7.6% 36.5 28.7 27.3% 1EBIT before extraordinary effects HOMAG Group (PPA, termination of employee participation program)
  • 7. 2015 AND 2016 FINANCIAL IMPACT FROM HOMAG TAKEOVER1 © Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 7 in € m H1 2015 FY 2015e FY 2016e EBIT HOMAG Group 27.32 57.02,3 67.03 Optimization costs -4.4 -10.0 - PPA -13.8 -17.9 -8.7 EBIT at Dürr level 9.1 29.1 58.3 Financial result impact4 -8.3 -11.8 -7.0 Financial result HOMAG (incl. refinancing syn loan) -6.3 -8.0 -3.0 EBT at Dürr level -5.5 9.3 48.3 1simplified overview 2before termination of employee participation program and before interest on employee participation program 3consensus estimates 4domination and profit & loss transfer agreement
  • 8. EXPECTED INCREASE IN NWC AND DIVIDEND CAUSED A DECLINE IN NFS 8© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 in € m H1 2015 H1 2014 EBT 90.8 80.1 Depreciation and amortization of non-current assets 38.7 13.3 Interest result 18.7 9.6 Income taxes paid -39.6 -19.7 Δ Provisions 20.8 -11.3 Δ Net working capital -86.5 -26.0 Other -32.0 -21.8 Cash flow from operating activities 10.9 24.2 Interest paid (net) -11.1 -1.1 Capital expenditures -36.0 -17.8 Free cash flow -36.2 5.3 Others (e.g. currency effects) -42.9 -58.6 Change net financial status -79.1 -53.3
  • 9. WIP BALANCE: SIGNIFICANT DECLINE, BUT STILL ABOVE USUAL LEVEL © Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 9 in € m 06/30/2015 12/31/2014 06/30/2014 Assets WIP in excess of billings 417.7 366.3 315.8 Liabilities Billings in excess of WIP 610.0 675.2 543.4 Machinery business Progress billings 115.9 88.1 20.4 Billings in excess of WIP 19.9 7.3 -31.0 Balance Total WIP less total progress billings -212.3 -316.2 -196.6 Prepayments (liabilities) 726.0 763.3 563.82 3+ 4 1 2 3 1 2 4- -
  • 10. ROCE ON THE RISE IN Q2 10© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 Equity ratio at 21% due to changed profit entitlement of HOMAG´s free shareholders ( guarantee dividend) and due to dividend payout Equity ratio should reach 25% at year end 2015 Lower cash due to negative free cash flow and optimization of financial structure 1 annualized 06/30/2015 12/31/2014 06/30/2014 Equity in € m 604.2 725.8 513.7 Equity ratio in % 20.5 24.4 23.0 Net financial status in € m 88.7 167.8 227.2 Cash in € m 391.6 522.0 393.5 Gearing in % -17.2 -30.1 -79.3 ROCE1 in % 40.9 38.7 58.0
  • 11. WOODWORKING MACHINERY AND SYSTEMS © Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 11 Operational development fully on track Strong growth in H1 (HOMAG Group): incoming orders +11%; sales +17%; EBIT +44% Book-to-bill at 1.1 H1 EBIT margin WMS (before extraordinary effects) at 5.4% FOCUS program started; employee participation program terminated; new organization structure implemented; new CEO (Mr. Pekka Paasivaara) on board in € m H1 2015 Q2 2015 Incoming orders 557.4 270.3 Sales revenues 504.1 249.8 EBIT 9.1 8.1
  • 12. PAINT AND FINAL ASSEMBLY SYSTEMS Incoming orders at previous year´s level despite a large single order in Q2 2014 Strong China business Sales increase of 34% after project delays in the previous year 12© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 EBIT +22% in H1 in € m H1 2015 H1 2014 Q2 2015 Q2 2014 Incoming orders 588.1 608.9 309.2 354.9 Sales revenues 637.9 477.1 340.0 225.5 EBIT 48.0 39.4 24.9 18.4
  • 13. EBIT +11% in H1 Incoming orders in Q2 at Q1 level; Q2 2014 impacted by a large single order New industrial products business with small sales contribution EBIT margin stable in Q2 despite start-up costs for the new industrial products business 13© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 APPLICATION TECHNOLOGY in € m H1 2015 H1 2014 Q2 2015 Q2 2014 Incoming orders 268.7 305.6 135.2 170.3 Sales revenues 279.0 249.2 148.9 121.8 EBIT 28.9 26.1 15.9 13.3
  • 14. MEASURING AND PROCESS SYSTEMS Order intake growth at 8%; book-to-bill at 1.1 Ongoing good margin situation in balancing business, cleaning business with further improvement in H1 and additional potential 14© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 Positive development continues in € m H1 2015 H1 2014 Q2 2015 Q2 2014 Incoming orders 308.5 285.5 146.6 146.9 Sales revenues 283.9 272.4 147.3 144.1 EBIT 26.6 25.6 14.1 13.9
  • 15. CLEAN TECHNOLOGY SYSTEMS Full project pipeline in the US and China, clear improvement in sales and incoming orders in Q2 Small loss in Q2, but strong earnings in H2 expected 15© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 Weak European market conditions & disappointing business in energy efficiency technology in € m H1 2015 H1 2014 Q2 2015 Q2 2014 Incoming orders 72.2 71.6 38.6 35.1 Sales revenues 68.0 61.7 38.1 30.8 EBIT 0.2 2.3 -0.3 1.4
  • 16. SERVICE BUSINESS 16 Positive effects from group initiative CustomerExcellence@Dürr launched in 2013 Sales revenues up 19% on a comparable basis HOMAG’s service margins are on the same level as in Dürr’s machinery businesses Significant service growth 40% 42% 18% Modifications and upgrades Spare parts and repair Maintenance, assessments, seminars Service mix H1 2015 © Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 in € m H1 2015 H1 2014 Δ Sales revenues (in € m) 425.3 257.5 65.2% In % of group sales 24.0 24.3 -0.3 ppt
  • 17. 20.9 20.7 24.4 20.0 20.6 23.7 21.4 21.3 24.6 22.1 23.9 30.41.9 2.1 2.5 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0 110.0 2014 2015 2019 Americas Europe Asia (w/o China) China Others +4% +5% +4% +4% +6% +11% +8% +3% -1% -1% FURTHER GROWTH IN THE CAR MARKET © Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 17 Chinese market weakness expected to be temporary CAGR Source: own estimates, PwC Last update: July 2015 in m units LV Ʃ 86.3 Ʃ 88.6 Ʃ 105.6 +5% +3%
  • 18. 1,261 1,922 2,400 2,407 2,575 3,400- 3,500 2010 2011 2012 2013 2014 2015e 1,642 2,685 2,597 2,387 2,793 3,200- 3,500 2010 2011 2012 2013 2014 2015e 2.9 5.5 7.4 8.4 8.6 7.0-7.5% 2010 2011 2012 2013 2014 2015e EBIT margin in % OUTLOOK UNCHANGED EBIT margin between 7.0 and 7.5%1 due to HOMAG Incoming orders in € mSales in € m 18© Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 1after extraordinary effects HOMAG Group
  • 19. SUMMARY © Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 19 H1 with strong underlying growth in sales revenues Q2 order intake on the high level of Q1 Earnings development in line with expectations, Q2 clear improvement vs. Q1 and Q2 2014 HOMAG´s integration fully on track; further steps initiated China will remain one of our core markets in the future; weakness in the car market should be short-lived
  • 20. FINANCIAL CALENDAR © Dürr Aktiengesellschaft, CCI, Conference Call – H1/Q2, August 6, 2015 20 09/09/2015 Commerzbank Sector Conference, Frankfurt 09/10/2015 Morgan Stanley Industrials and Natural Resources Summit, London 09/14/2015 UBS The Future of Auto Capex Conference, Frankfurt 09/15/2015 Deutsche Bank IAA Cars 2015 Conference, Frankfurt 09/17/2015 UBS Best of Germany Conference, New York 09/21/2015 Berenberg German Corporate Conference, Munich 09/22/2015 Baader Investment Conference, Munich 11/03/2015 Interim report for the first nine months of 2015 Contact Dürr Aktiengesellschaft Corporate Communications & Investor Relations Günter Dielmann / Mathias Christen / Stefan Tobias Burkhardt Carl-Benz-Str. 34 74321 Bietigheim-Bissingen Germany Phone: +49 7142 78-1785 / -1381 / -3558 Telefax: +49 7142 78-1716 E-mail: investor.relations@durr.com
  • 21. www.durr.comwww.durr.com CONFERENCE CALL RESULTS JANUARY – JUNE 2015 DÜRR AKTIENGESELLSCHAFT Bietigheim-Bissingen, August 6, 2015 Ralf W. Dieter, CEO Ralph Heuwing, CFO