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

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1 1 m-u-t AG - Meßgeräte für Medizin- und Umwelttechnik MKK - Münchner Kapitalmarkt Konferenz 12. Dezember 2017

2 2 m-u-t AG - Meßgeräte für Medizin- und Umwelttechnik MKK - Münchner Kapitalmarkt Konferenz Maik Müller I Fabian Peters 12. Dezember 2017

3 3 m-u-t Group Company Profile Group Structure Finance KPI s Share m-u-t AG Products, Technologies & Markets Conclusion and Outlook

4 4 Overview m-u-t AG 20 Years Innovation >300 Employees Technology Leader Optical Measurement Sales* FC 2017 ~59,0 Mio. EUR Stock Segment Scale * sales without LayTec AG

5 Key Facts m-u-t AG Headquarters in Wedel; Northern Germany near Hamburg Strategic Financial Holding Management Board Maik Müller Fabian Peters Stock listed since 2007 / 5,070,000

5 5 Key Facts m-u-t AG 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 Mio. EUR EBIT in *after capital increase - acquisition LayTec AG

6 6 m-u-t Group Company Profile Group Structure Finance KPI s Share m-u-t AG Products, Technologies & Markets Conclusion and Outlook

LayTec AG Berlin, DE Fabian Peters Maik Müller Benno Oderkerk Heinrich Unland Thomas

7 7 Powerful Brands within the Group m-u-t AG Maik Müller Fabian Peters 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 Benno Oderkerk Heinrich Unland Thomas Zettler Notes: The acquisition of LayTec AG was signed Nov. 2017; closing expected early 2018

8 8 Key Facts LayTec AG 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) 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. Notes: The acquisition of LayTec AG was signed Nov. 2017; closing expected early 2018

9 Structure m-u-t Group The set-up of the corporate structure as well as the reduction in minority interests are constantly brought into focus and pushed forward.

9 9 Structure m-u-t Group 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 % in 2016 The share in Avantes Holding B.V. will increase by % 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% 100% 74.96% 55% 95.60% tec5 AG Oberursel, DE m-u-t GmbH Wedel, DE Avantes Holding B.V. Apeldoorn, NL APOS GmbH Wedel, DE LayTec AG Berlin, DE 51% 80% 100% 100% 100% 60% 60% tec5 USA Inc. New York, US tec5 China Ltd. Peking, CN Avantes B.V. Apeldoorn, NL Avantes UK Ltd. Leatherhead, UK Avantes Inc. Colorado, US Avantes China Ltd. Peking, CN Avantes Hongkong Ltd. Hongkong, HK Notes: The acquisition of LayTec AG was signed Nov. 2017; closing expected early 2018

10 10 m-u-t Group Company Profile Group Structure Finance KPI s Share m-u-t AG Products, Technologies & Markets Conclusion and Outlook

11 11 Finance KPI s - Sales Increase in sales to another new record of approx Mio. EUR Medium term target is a revenue level of approx Mio. EUR +21 % +8.5 Mio. EUR +5 % +2.6 Mio. EUR % +2.4 Mio. EUR % +4.5 Mio. EUR FC Notes: values in million EUR; without acquisition LayTec AG

12 12 Finance KPI s - Sales by segment In 2016 increase of sales in segment Life Science and Green Tech Business year Business year 2016 Life Science Clean Tech Green Tech Other segments Life Science Clean Tech Green Tech Other segments Notes: values in million EUR; without acquisition LayTec AG

13 Finance KPI s - EBIT 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

13 13 Finance KPI s - EBIT 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 +15 % +0.9 Mio. EUR +32 % +2.2 Mio. EUR % +0.6 Mio. EUR % +2.9 Mio. EUR FC Notes: values in million EUR; without acquisition LayTec AG

14 Finance KPI s - Overview Strong increase in all Finance KPI s confirms again the right company s strategic direction. P&L Financial Figures FC /- Revenue % EBIT % Balance Sheet Financial Figures HY /- Equity % Equity ratio 28 % 42 % 48 % 53 % +12 % Total assets % Cash % Liabilities to banks % Notes: values in million EUR; without acquisition LayTec AG Copyright by m-u-t AG 14

15 15 m-u-t Group Company Profile Group Structure Finance KPI s Share m-u-t AG Products, Technologies & Markets Conclusion and Outlook

16 16 Share m-u-t AG 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 Source: /

17 17 m-u-t Group Company Profile Group Structure Finance KPI s Share m-u-t AG Products, Technologies & Markets Conclusion and Outlook

Five Brands - one Product Portfolio Fiber optic spectroscopy for OEM and

Accessories High-grade measurement systems for process applications

sensors and detector arrays OEM subassemblies System solutions based on

Control technology / Fire detection Lab automation / Medical devices Optical

power generation and more Wood reception control, wood yard management, QC,

in-line metrology systems with automated data analysis and interfacing to MES,

and etching in semiconductor industry Combining optical methods for yield

18 Five Brands - one Product Portfolio 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 The whole spectrum of non-destructive optical measurement! Copyright by m-u-t AG 18

19 Value Creation / Level of Integration From Component to System System Solutions Integration Data Processing Process Applications for wood industry Integrated metrology for advanced processes Selected Markets Turn-key Solutions Units Systems Electronics to all Markets Avantes: Spektrometer Spectral Benches / opt. Baugruppen Spectrometers / Komponenten Components to all Markets Copyright by m-u-t AG 19

20 20 Markets Semiconductor Production Control of Integrated Circuits, LEDs und Displays Clean Tech Highest requirements to measurement 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

to 10 channels simultaneous Online data prediction Solar cell

21 21 Markets Photovoltaic Production Control for Photovoltaic Clean Tech 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

22 22 Markets Agriculture / Farming Measurement Systems for Precision Farming Green Tech 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

23 23 Markets Industrial Processes Production and Quality Control Industry 4.0 Clean Tech Inline control of process parameters in rough environments with 24/7 Integrated data processing Process communication direct with PCS (process control system)

24 Markets Train and Transportation Control and Monitoring in

integrated electronics Long-term life cycle management in

specifications, product development, validation and

24 24 Markets Train and Transportation Control and Monitoring in Trains Clean Tech 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

25 25 Markets Fire Detection Insurance Protection needs Fire Detection Clean Tech 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) Integrated visual camera for plant operator Integrated distance measurement to guide fire fighting and water cannon

26 Markets Medical and Diagnostics Point-of-Care Measurement in Blood Life Science Diagnostics in tubes or in-situ in blood vessels many parameters

26 26 Markets Medical and Diagnostics Point-of-Care Measurement in Blood Life Science 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

detecting bacteria and toxins very fast and with a low detection threshold Example applications include toxins in

27 27 Markets QSP QSP Quantitative highest Sensitivity Particle measurement Life Science 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

28 Markets Wood Processing Industry Clean Tech Incoming Goods

Online/Atline Analysis during material reception for quality

measurement of wood in panel-/osb/particle board Production

optimisation: calorific value driven combustion management

28 28 Markets Wood Processing Industry Clean Tech Incoming Goods inspection, production optimization applications 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

29 29 m-u-t Group Company Profile Group Structure Estimated Finance KPI s 2016 Share m-u-t AG Products, Technologies & Markets Conclusion and Outlook

30 30 Outlook Technology 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

0 - From quality monitoring to production control Point of Measurement / Sensor to the Spot -

31 31 Outlook Markets & Applications What will be the challenges in the future? Environmental Protection - Management of resources & regulatory Industry 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

32 32 m-u-t AG Meßgeräte für Medizin- und Umwelttechnik

33 33 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.

34 34 Contact Details m-u-t AG Am Marienhof 2 D Wedel Fon: +49 (0) info@mut.ag Internet: Investor Relations Jochen Fischer Fon: +49 (0) jfischer@mut.ag

The Unlimited World of Applications for Nano & Photonics. Benno Oderkerk CEO Avantes BV, Apeldoorn, The Netherlands

The Unlimited World of Applications for Nano & Photonics Benno Oderkerk CEO Avantes BV, Apeldoorn, The Netherlands Contents Avantes Introduction Photonics NL Introduction TKI Chemie Nanotechnology and