Company Presentation. Ticker symbol: cew3 WKN: A0JCY3 ISIN: DE000A0JCY37

Transcription

1 Company Presentation Ticker symbol: cew3 WKN: A0JCY3 ISIN: DE000A0JCY37 State: 24. September 2014

2 Content Company Figures Shares Business activities Management Customer References Investment case 2

3 Historical base of HPI AG Zentraleinkauf founded 1996 C-Teile-Logistik founded 1863 founded 1890 founded 1976 founded 2002 founded 2005 Over 150 years of industry und 36 years history of electronics result in the HPI AG 3

4 Company - HPI AG Hoechst Procurement Intl. (Definition) Formed by a merger of three procurement companies: the former ce Consumer Electronic, HPI Hoechst Procurement Intl. and 3KV GmbH. Followed by a majority interest in the C-parts manager Mannesmannröhren Logistic GmbH (MRL) and the acquisition of IT-procurement service provider TND AG as well as a majority stake in REW Technology AG - a purchasing and logistics service provider for energetic refurbishment HPI emerged from the central purchasing Hoechst AG, MRL emerged from the material economy of Mannesmann AG In Europe HPI is leading provider of procurement and processing services with highly specialized industry know how HPI AG optimizes the procurement, supply chain management processes and value creation HPI manages a purchasing volume of over 4 billion Euros in more than 200 material groups with thousands of framework agreements All customers (more than 3,800 customers) are manufacturing companies in virtually all industry sectors, as well as trading companies and buying groups Meanwhile TND AG was merged with the 3KV GmbH and ce Global Sourcing GmbH was sold 4

5 Content Company Figures Shares Business activities Management Customer References Investment case 5

6 Development of turnover in million EUR ,1 115, * ** e* 2013e* 2014e* * planed ** partial conversions are deconsolidated 6

7 Content Company Figures Shares Business activities Management Customer References Investment case 8

8 HPI AG Hoechst Procurement Intl. stock number of HPI-shares: shares market capitalization : approx. 4,0m EUR (5,44m US$) Consolidated Financial Statement ** Institutio-nelle Anleger (Pioneer) 3,5% Shareholder structure Free Float 36,5% M. Negel* 28% Equity: 7,6 million EUR / 10,33 million US$ Balance Sheet Total: Equity Ratio: 17,5% 43,4 million EUR 59,02 million US$ F. Raudies* 12% * Indirectly through management company M. Boden-meier / J. Pause* 20% Share Capital: 7,249,490 EUR / 9,859,306 US$ ** before minorities 8

9 Content Company Figures Shares Business activities Management Customer References Investment case 10

10 Growth path at HPI AG Following the main MEGATRENDS: Outsourcing Cloud Computing IT-Security & Storage Renewable Energies HPI is a procurement and logistic provider for energetic refurbishment. HPI supplies security and storage products for highspeed-it-netwerks, security solutions, energy-management, availablibility of applications etc. HPI supplies internetbased communication for Cloud. HPI is outsourcing-partner for procurement, logistic, storage and processes. 10

11 HPI AG Hoechst Procurement Intl. Buying Storage Delivering for the manufacturing industry electronic components IT-security-, netwerk-, and storage products durable and consumable products for the manufacruring industry Online-Warehouse of the Industry procurement and developmentsoftware HPI HPI - procurement entrepreneur - logistic - Einkaufsdienstleister / storage - supply chain - Logistik / Lager - outsourcing-partner - Supply Chain products for renewable energy systems chemicals + pharmaceutical base materials production and machines electrotechnical components mechanical equipment 11

12 HPI AG Hoechst Procurement Intl. Successful brands in the procurement market Devision IT & Electronics* Devision Industrial & Renewables GmbH VCE no consolidation due to minority 12

13 Divisions and customer industries of HPI AG Buying Storage Delivering for the manufacturing industry HPI IT & Electronics IT-products electronic components brands: 3KV, VCE Supply of production companies in the following segments HPI Industrial & Renewables electrotechnic mechanical products chemicals, metals, pharmaceutical base material production technology consumables and commodities for manufacturers products for innovative energy systems brands: HPI Hoechst Procurement, MRL Mannesmannröhren Logistic, REW Technology AG automobile / commercial vehicles and suppliers machine and plant engineering automation chemicals and pharmaceuticals recycling / disposal Green - Tec ITK: IT and Telekom consumer industry wholesale trade B2C 13

14 Content Company Figures Shares Business activities Management Customer References Investment case 16

15 HPI-Management and board CEO Michael Negel 30 years intl. Purchsing/ Sales holding approx. 28% of the company shares Vice President Finance Chairman of the Supervisory Board Deputy Chairman of the Board Board member Bernd Geißendörfer 14 years Accounting/ Finance Boris Dürr > 14 years company law lawyer & partner Kanzlei HEUKING KÜHN LÜER WOJTEK Markus Bodenmeier Management- Consultant holding approx. 19% of the company shares Stefan Fleissner 25 years Accounting/ Finance Director BENDO GmbH 15 15

16 HPI AG globale presence HPI AG employs in 7 countries over 180 employees at 24 locations REW Technology AG/ Hertfordshire TND London HPI Group Deutschland Mitarbeiter: 200 REW Technology AG/ Italia 3KV Miami VCE Montreal/ Brossard VCE USA/ Hauppauge REW Technology AG/ LLC New York REW Technology AG Hellas/ Griechenland 16

17 Content Company Figures Shares Business activities Management Customer References Investment case 19

18 HPI procurement agent for future industries one partner for each producing company for many products Industry Examples of customers Electronic components (ce) Chemicals (HPI) Pharmaprocess materials (HPI) Procurement and logistics services (HPI) Purchasing -software (ce) IT- Products (3KV) C-aticles for production (MRL) Recycling Electronics X X X X X X Daimler Automobil X X X X X X Benz Defense & Aerospace X X X X X X Special raw materials X X X X X X Pharma / Medtech X X X X X X X Chemicals X X X X X X Cleantech X X X X X X Telecom X X X X X X 18

19 HPI AG Hoechst Procurement Intl. customer reference Buying Storage Delivering for the manufacturing industry 21

20 Content Company Figures Shares Business activities Management Customer References Investment case 22

21 Advantages for industry customers: SAVINGS lower purchase prices lower cost of processing larger range of products fewer suppliers warehouse capacity will be set free procurement capacity in house will be set free lower logistic costs outsourcing of warehouse excess inventory can be sold Savings of over 20% even for DAX companies possible based on product group. 21

22 Forecast Investment Case Most important growth factors of the HPI AG Hoechst Procurement Intl. Organic B and C components site supply Outsourcing of material areas to HPI AG MEGATREND CLOUD MEGATREND IT-SECURITY Business expansion/ Cross Selling more customer / more products/ more presence Marketing of excess inventory electronical components IT-products Refurbished products for renewable energy systems Acquisition Use M&A opportunities in HPI business areas for expanding the product, service and customer portfolio: buy-and-build strategy Strategic partners Leading companies in the industry e.g.: Alcatel-Lucent, KEMP Technologies, Vallourec Mannesmann, Hüttenwerke Krupp Mannesmann, Enterasys, IBM and others 24

23 Target prices for HPI AG Research-Institutions Proposed share price Date of publication GBC AG 1,75 EUR 25th November 2013 Sphene Capital 1,50 EUR 7th August

24 Contact Michael Negel CEO HPI AG Central Tower Landsbergerstr München Phone: 089/ Fax: 089/