Project Bridge Company overview. September 2013

Transcription

1 Project Bridge Company overview September 2013

2 Contact information 1 IKB has exclusively been mandated by the shareholders of Bridge as financial advisor in order to evaluate strategic options in relation to the company. In case you have, after your review of this document, further interest to pursue this opportunity, such interest shall only be addressed to one of the following persons at IKB: Marcel Straßburg Managing Director; Mergers & Acquisitions Phone: +49 (69) Marcel.Strassburg@ikb.de Dr. Joachim Koch Director; Industrials & Automotive Phone: +49 (69) Joachim.Koch@ikb.de Malte Maier Analyst Phone: +49 (69) Malte.Maier@ikb.de

3 Bridge operates as exclusive supplier to OEMs and Tier 1 automotive suppliers for complex tubular parts 2 Company overview Customers (examples) Technologically leading German niche supplier, focusing on complex tubular parts for automotive applications, primarily for power train and chassis, and to a less extend for structural components and engine applications Well-invested, state-of-the-art production facility in Germany, including latest bending machines, laser cutting cells, laser welding cells and hydroforming presses, enabling the Company to produce high strength steel parts in small and large batch sizes Covering all steps of the value chain for the production and processing of tubular modules, from individual product development and development project management to automated serial production Approximately 150 employees with sales of c. 35m and an EBITDA margin of about 20% Technological competencies Single tube manufacturing Bending Hydroforming Ends forming Laser cutting Laser welding Cleaning Quality assurance Single tube laser welding line Tailored tubes laser welding line Compression bending machines CNC bending machines 130,000 kn hydroforming presses 50,000 kn hydroforming presses End trimming machines Axial and radial converters 3D laser cutting Pipe and profile laser cutting 3D laser welding Tailored tube laser welding and multistage forming Conveyer belt washing 3D coordinate measuring Expanding tests Source: Company information

4 The product portfolio comprises high quality tubular parts for power train/chassis, structural and engine applications as well as lightweight tubes 3 Powertrain and chassis applications Share of sales ~ 95% Other applications Share of sales ~ 5% Structural parts Longitudinal SUVlead frames Side tubes for rear axle Side tubes for front axle Swing arms A-pillars Diagonal braces Firewall cross member Tubes for cowl Engine applications Rear crossbeam Front crossbeam Side rails Coolant pipes Charge-air hoses Coolant water modules Lightweight A-pillar left & A-pillar right Longitudinal and transverse tubes from high-strength steels Source: Company information

5 Bridge is a technologically leading niche supplier for complex tubular automotive applications, combining most modern production technology and advanced engineering know-how Key company highlights 4 Focused niche player in the production of complex tubular parts for automotive applications with the ability for fast-moving market reaction through a highly flexible development and production set-up Favorable market environment with macro growth drivers, such as lightweight vehicle construction and increasing demand for complex chassis parts Product supply into market outperforming OEM series State-of-the-art production facilities with significant recent investments in most modern production technology, utilized by a high engineering and process competence of experienced employees Direct development and supply relationships to selected OEMs and successfully broadened customer base to key Tier 1 suppliers Experienced management team with proven track-record of successful growth and business development in combination with an outstanding financial performance Further growth potential in existing products and abroad

6 Disclaimer 5 Copyright: 2013 Published by: IKB Deutsche Industriebank AG, Wilhelm-Bötzkes-Straße 1, Düsseldorf Public limited company under German law Registered office: Düsseldorf, Germany Registered at the Düsseldorf District Court, Commercial Register no. HR B 1130 Chairman of the Supervisory Board: Bruno Scherrer Chairman of the Board of Managing Directors: Hans Jörg Schüttler Members of the Board of Managing Directors: Dr. Dieter Glüder, Claus Momburg, Dr. Michael H. Wiedmann This document has been prepared by IKB Deutsche Industriebank AG ( IKB ) in its capacity as M&A adviser to the company presented in this document (the Company ) and based on information obtained from public sources or supplied by the Company. It shall be used for information and discussion purposes only. All information presented in this document is strictly confidential. Neither the contents of this document nor the document itself can be disclosed to any third party without the prior written consent of IKB. This document may only be used by the intended recipient to evaluate its interest in the presented investment opportunity and for no other reason whatsoever. Neither the information in this document nor the document itself constitute IKB's binding offer or commitment, or recommendation for the acquisition of the company presented in this document. No representation or warranty, express or implied, is made by IKB or any of its officers or directors as to the accuracy or completeness of the information contained in this document. IKB is not liable for the correctness and/or completeness of and is not responsible to update or correct any information contained herein. The liability of IKB is limited to gross negligence and willful misconduct. IKB has exclusively been retained by the Company to solicit interest in this project. All inquiries must only be directed at the IKB representatives listed in this document and under no circumstances may the Company or any other party be contacted with regard to this information with the sole exception of any advisor the intended recipient may wish to contact in order to evaluate this opportunity, subject to these advisors themselves being subject to confidentiality obligations. IKB is acting as M&A adviser to the Company for purposes of the envisaged sale and will not regard any other person as its customer in relation to such transaction. Any prospective purchaser interested in acquiring an interest in the Company should seek their own financial, legal, business and tax advice. By retaining this document, recipients acknowledge that they have read, understood and accepted the terms of this notice. This notice shall be governed by and construed in accordance with German law.