BAYWA GROUP CORPORATE PRESENTATION 2018 - AS OF MAY 2018 - BAYWA RE SOLAR ...
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
BayWa Group Corporate Presentation 2018 As of May 2018
The BayWa Group
At a Glance
OUR COMPANY
Leading trading and services group
Core segments of Agriculture, Energy
and Building Materials
Corporate culture based on cooperative
roots
Founded in Munich in 1923
Initial Public Offering in 2000
Approximately 17,500 employees
Over 3,000 locations in 41 countries
Worldwide 323 affiliated companies
BayWa AG, Investor Relations May 2018 2
The BayWa Group
Segment Breakdown
OUR STRUCTURE
BayWa Konzern
BayWa Group
Agriculture Energy Building Materials Innovation & Digitalisation
BAST Conventional Building Digital Farming
(BayWa Agri Supply & Energy Materials & E-Business
Trade)
Agri Trade & Renewable
Supply Energy
Agri
Equipment
Global
Produce
BayWa AG, Investor Relations May 2018 3
The BayWa Group
Management Board
OUR EXECUTIVES
Prof. Andreas Helber Roland Schuler Matthias Taft Reinhard Wolf
Klaus Josef Lutz Chief Financial Management Board Management Board Management Board
Officer Member Member Member
Chief Executive
Joined BayWa in 2000 Joined BayWa in Joined BayWa in Joined BayWa in 2013
Officer
as head of finance; 2002 as a member of 2015 as a member of as a member of the
Appointed CEO of CFO since 2010 the executive board the executive board executive board
BayWa in 2008 Degree in business Degree in business Degree in Mechanical Degree in agricultural
Degree in law from the from the Universität from the Universität Engineering from the economics from the
Ludwig-Maximilians- Siegen Stuttgart Technische Universität Wien
Universität in Munich Previously served as a Previously served as Universität München Additionally serves as
Previously served as tax advisor and member of the board Additionally serves as CEO at Raiffeisen Ware
managing director at accountant at KPMG at WLZ Raiffeisen CEO at BayWa r.e. Austria AG and board
Süddeutscher Verlag Deutsche-Treuhand- AG, Stuttgart renewable energy member at Raiffeisen-
GmbH Gesellschaft AG GmbH Holding NÖ-Wien
BayWa AG, Investor Relations May 2018 4
90 Years of BayWa
Milestones
OUR HISTORY
1923 1920s 1950s 1960s 1970s
Founding in Mechanisation of the First Agri. Equip. Increasing meat consumption: First DIY & Garden
Munich farming industry sales locations feed factories expanded Centres; Investment in
petrol stations
2011 2009 2002 1999 1980s
Carve-out of DIY & Founding Acquisition of Strategic alliance New Business Segment:
Garden Centres in JV. WLZ Raiffeisen AG Building Materials
2012 2013 2014/15 2016 2017
Acquisition Acquisitions Expansion New Segment Growing focus on
Agri-Trading Innovation & Digitalisation project business
BayWa Agrar
International
BayWa AG, Investor Relations May 2018 5
The BayWa Group
Business Model and Corporate Strategy
OUR DIRECTION
Business Model Strategic Imperatives
Business New business
Customers Markets 1 continuity: 2 growth:
Farmers Agriculture
Improve competitiveness Drive customer centric
End customers Energy/ renewable
Industry and protect leadership in and innovative business
energies
core business models
Commerce Building Materials
Trade
Financial investors 3 Digital transformation:
Increase digitization in business models and
organisation
Operating activities Unique selling
4 Operations and brand excellence:
Trade proposition Excel at all customer touchpoints beyond sales
Logistics Customer proximity
Services
Finance
through full-coverage 5 Organisational excellence:
network for sales and
Project development logistics Foster performance through team and collaboration
6 Corporate value creation:
Maintain a visionary group portfolio management
BayWa AG, Investor Relations May 2018 6
The BayWa Group
Group strategy: Project business is a key driver throughout the BayWa-Group
in the future
OUR DIRECTION
ENERGY
From a supplier
BayWa will concentrate of energy and heating ...
increasingly on more valuable
customer and project solutions
in the future
BUILDING ... to a project developer
for renewable energy
MATERIALS
From a retailer of building materials…
GLOBAL ... to cooperation partner for concepts
of innovative buildings
PRODUCE
From a system supplier of dessert pome
fruits for food wholesale and retail …
FARMING … to an international project developer of
greenhouses
BUSINESS
From a wholesaler for the agricultural sector…
…to a provider of digital farming backed projects
and customer solutions
BayWa AG, Investor Relations May 2018 7
The BayWa Group
Strategic positioned in Europe
OUR PRESENCE
Germany Germany Germany Germany Germany
PC Agrar: BayWa r.e.: BayWa Obst GmbH & Co KG: Acquisition of BayWa Spin-off of CLAAS companies
Takeover of systems and Acquisition of rights for 31 Carve-out of German BayWa Agrarhandel (formerly
software company Wind proj. (375MW) from juwi Fruit organisation Bohnhorst)
Germany
JV Landhandel Knaupp
Netherlands
Agrimec:
JV of Agri machinery business Germany
Evergrain: Takeover of
international malting barley
Netherlands trade company
Tropical Fruit Company:
Takeover of specialties trader Poland
BayWa Agro Polska: Development of
Netherlands business in operating resources
Cefetra B.V.: Acquisition of
Cefetra with activities in NL, Hungary, Romania,
UK, PL, HU Serbia, Bulgaria
Danube region:
UK Evaluation of core sourcing-regions in
Europe: Taking advantage of options to
Cefetra Ltd: expand market position and tap into new
Takeover of Wessex Grain markets
France, UK,
Spain/Portugal Romania, Croatia,
Spain, etc. Italy
BayWa r.e. Cefetra Iberica SL: Serbia, etc.
Expansion of intern. project Establishment of Spanish Cefetra SpA:
business Wind & Solar in trading and service company Establishment of Italian Further development of
10 European countries trading and service company CEE activities by RWA
BayWa AG, Investor Relations May 2018 8
The BayWa Group
Globally positioned
OUR PRESENCE
China
USA VAE
BayWa r.e. T&G: Opening of Sales-Rep-
JV with Al Dahra to produce Office in Shanghai
Development of project business Wind & Solar in USA; Sale premium vegetables
of project Beethoven with 80MW
Canada
Thailand
Sales
cooperation for
BayWa r.e., BayWa Obst,
agricultural
T&G: Opening of a Rep-
machinery with
Office in Bangkok
Claas
Japan
BMTI – BayWa r.e.: Opening of an
BayWa Marketing and office in Japan
Trading International
Australia
Australia
Establishment of int. trading Asparagus:
network with offices in NL, RUS BayWa r.e.: Opening T&G-JV with Vizzari
and UKR of an office in Perth
New Zealand
Peru/Chile Zambia / South Africa New Zealand
Acquisition of fruit dealer
T&G: Extension of activities in JV with Barloworld for agricultural Acquisition of Apollo Apples Turners & Growers
South America engineering Ltd. by T&G
BayWa AG, Investor Relations May 2018 9
The BayWa Group
Brand Values
OUR VALUES
Trust: the basis for
a strong partnership
Solidity: the firm
foundation for Innovation: the
sustainable growth development of new
products and
solutions for a
partnership that is fit
for the future
BayWa AG, Investor Relations May 2018 10The BayWa Group
Key Financial Figures
OUR DATA
Revenues 2017 [in EUR bn] Operating EBIT 2017* [in EUR m]
1.6 3.6 10.8 16.1 30.1 85.0 82.1 197.3
42%
22% 43%
Building Energy Group Building Energy
Agriculture Agriculture Group
Materials Materials
10% 22% 68% 15% 43% 42%
* Excluding Innovation & Digitalisation Segment and Other Activities
BayWa AG, Investor Relations May 2018 11The BayWa Group
Key Financial Figures
MULTI-YEAR COMPARISON
Revenues EBIT Dividend
Revenue increase especially Earnings growth y/y in Steady increase in dividend
through international Agriculture, Energy and payment over the years
expansion of renewable Building Materials
energy Dividend yield of around 2.8%
Extraordinary income from in 2017
≈ 59% of revenues generated the disposal of the remaining
abroad in the year 2017 shares in BayWa Hochhaus
GmbH & Co. KG
IN EUR BN IN EUR M IN EUR
15.9 15.2 14.9 15.4 16.1 137.4 152.1 158.1 144.7 171.3 0.75 0.80 0.85 0.85 0.90
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
BayWa AG, Investor Relations May 2018 12The BayWa Group
Share
OUR DATA Dividend 2017: € 0.90
Share Price Development 2016/2017/2018 Shareholder Structure
35 €
Bayerische Raiffeisen-
Freefloat
33 € Beteiligungs AG
40.12%
34.87%
31 €
29 €
27 €
25 €
Mar-16 Jul-16 Nov-16 Mar-17 Jul-17 Nov-17 Mar-18
BayWa (WKN 519 406)
Stock exchanges Frankfurt, Munich, Xetra
Segment Official Market/Prime Standard
Sec. Code no. 519406 & 519400 Raiffeisen Agrar Invest GmbH
ISIN DE0005194062 und DE0005194005 25.01%
Share capital EUR 89,632,783.36
Number of shares 35,012,806
BayWa AG, Investor Relations May 2018 13Industry Trends & Business Segments BayWa AG, Investor Relations May 2018 14
Agriculture Segment GRAIN OILSEED SEED FEEDSTUFF CROP PROTECTION FERTILISERS FRUIT AGRICULTURAL EQUIPMENT
Global Challenge in the Agriculture Segment:
High-Quality Food for Everyone
OUR WORLD
The Facts:
By 2050, the world’s population will grow by another
2 billion, reaching 9 billion people.
Increasing prosperity in newly industrializing
countries is leading to changes in eating habits and
increasing demand for food.
The global arable land per person will decrease from
0.3 to 0.2 hectares between 2000-2050.
BayWa‘s Role:
Supplying the agricultural industry:
With new and modern cultivation methods that
increase agricultural productivity
By providing all operating materials for farming
and cultivation
By securing the supply of raw materials through
the formation of an interconnected, global
stream of commerce
BayWa AG, Investor Relations May 2018 16Agriculture Segment
One-Stop Expertise
OUR BUSINESS IN 2017 € 10.8 bn Revenues, 10,613 Employees, 68% of Group Revenues
Trading and sales of agricultural products, input
resources, agricultural equipment and fruit.
Significant position as a full-line supplier:
Largest agricultural trader in Germany
Worldwide among the top 10
Nearly full coverage of the agricultural value chain
Organized into four business units:
BAST Agri Trade & Service
(BayWa Agri Supply & Trade)
Grain collection and trade
Grain trading Seed
Oilseed trading Fertiliser
Co-Products Crop protection
Logistics Feedstuff
Supply Chain Management Cultivation services
Agricultural Equipment Global Produce
Agricultural machinery & Pome fruit
equipment Soft & stone fruit
Agricultural buildings Organic pome fruit
Workshop services Tropical fruit
Spare parts Vegetable fruit
BayWa AG, Investor Relations May 2018 17Agriculture Segment
BAST (BayWa Agri Supply & Trade)
OUR SUCCESS
Procurement and sale of agricultural products
worldwide
Product portfolio comprises grain, oilseed and
supplementary products
Expansion of specialties trading: malting barley,
hops, beans, organic grain…
Trading of approximately 33 million tons of grain
and oilseed per year
Global supply chain management and logistics
services
Import and export of agricultural products through
own domestic and deep-water ports
Largest soy importer for the European feedstuff
industry
BayWa AG, Investor Relations May 2018 18Agriculture Segment
Agri Trade & Service
OUR SUCCESS
Collection, screening, processing, drying,
storage and national trade of agricultural products
Dense network with ca 210 locations in
Germany
Cooperation with around 460 warehouses in
Austria
Provision of own storage capacities for products
and input resources in excess of 4.4 million tons
Important sales partner for the fertiliser industry
and seed sector
Germany’s number one in the trading of crop
protection products
Sale of feedstuff under the Bonimal brand
Supplier of 3 premium house brands: Planterra
(seed), InnoFert (fertliser) and InnoProtect (crop
protection)
BayWa AG, Investor Relations May 2018 19Agriculture Segment
Global Produce
OUR SUCCESS
One of the leading fruit traders worldwide
Year-round supplier of pome fruit from all over the
world
Diversified fruit portfolio with focus on soft & stone
fruit, tropical fruit and vegetable fruit
Entry into vegetable fruit cultivation in United Arab
Emirates; Planned greehouse projects in New
Zealand, Australia, USA and Japan
Global trademark rights for the apple varieties
Kanzi®, Greenstar®, Jazz® and Envy®
Guaranteed just-in-time delivery thanks to state-of-
the-art packing and sorting technology
Own cold stores and mature chambers
Largest German supplier of pome fruit from organic
contract farming
Access to producers in northern and southern
hemisphere
BayWa AG, Investor Relations May 2018 20Agriculture Segment
Agricultural Equipment
OUR SUCCESS
Leading agricultural equipment trader:
One of the largest in Europe
No. 1 in Germany
Exclusive sales rights for the AGCO Group brands
(Fendt, Massey Ferguson, Valtra and Challenger) in
Southern Germany, parts of Eastern Germany and
the southern part of The Netherlands as well as
CLAAS in Southern Germany and John Deere in
Austria
Expansion of activities to Canada, South Africa
and Zambia
Dense service network with 692 mobile service
vehicles and 275 workshops
Largest national spare parts trader with access to
over 10 million articles
Spare parts distribution via own internet platform
(www.tecparts.com)
BayWa AG, Investor Relations May 2018 21Energy Segment BAYWA R.E. HEATING OIL LUBRICANTS SOLID BIOFUELS FUELS
Global Challenge in the Energy Segment:
Clean Energy to Combat Climate Change
OUR WORLD
The Facts:
A growing world population combined with a rising
standard of living in newly industrializing countries is
leading to increasing demand for energy.
Climate protection needs decarbonisation with at the
same time increasing demand.
Within the past 40 years, global CO2 emissions have
doubled.
Goal: 80% of power generation in Germany originate
from renewable energy sources until 2050.
BayWa’s Role:
Provision of an ecological and sustainable energy
supply.
Being a strong partner for renewable energy projects
through the founding of BayWa r.e.
Offering renewable energy products, even in the
conventional energy sector.
BayWa AG, Investor Relations May 2018 23Energy Segment
Sustainable Solutions for a Brighter Future
OUR BUSINESS IN 2017 € 3.6 bn Revenues 2,079 Employees 22% of Group Revenues
Organised into the business units of Conventional
Energy and Renewable Energy
Conventional Energy encompasses energy-related
services as well as the sale of wood pellets, fossil-
based heating materials, fuels, lubricants and
AdBlue
Renewable energy activities are bundled in the
holding company BayWa r.e. renewable energy
Position as a project developer and trader in the
areas of solar, wind and biomass energy
Largest independent solar trader in Germany
Conventional Energy Renewable Energy
Logistics, Sales, Trade, Service, Trade, Project Development &
Petrol Stations Financing, Consulting, Service
Heating contracting Solar energy
Wood pellets Wind energy
Heating oil Biomass energy
Fuels
AdBlue
Lubricants
BayWa AG, Investor Relations May 2018 24Energy Segment
Conventional Energy
OUR SUCCESS
Strong position in the heating oil trade:
Largest independent trader in southern
Germany
One of the largest in Austria
Market leader in Germany with regard to
lubricants for biogas CHP-engines and
multifunctional-oils
Market leader in wood pellets in southern
Germany
Extensive e-shop product range
Own network of petrol stations and fuel card
with >1,500 participating stations in Germany;
supplier of roughly 460 petrol stations in Austria
24/7 fuel delivery service for building sites and
key accounts
Energy contracting with in-depth expertise in
renewable energies
BayWa AG, Investor Relations May 2018 25Energy Segment
BayWa r.e. renewable energy
OUR SUCCESS
Full supplier for the renewable energies business
Presence in the most important markets in Europe
as well as Australia, North America and Southeast
Asia
About 2 GW capacity added to the grid (wind farms,
solar parks and biogas facilities)
Project rights for 4.6 GW of wind and solar energy
secured
Technical and commercial operation of solar and
wind farms with an output of more than 4.5 GW
Trading of PV-components: more than 1,680 MWp of
solar modules sold
Premium provider of green electricity and green
gas as well as contracting solutions; more than 5.6
TWh Biomethane traded
BayWa AG, Investor Relations May 2018 26Building Materials Segment BUILDING MATERIALS
Global Challenge in the Building Materials Segment:
Building Efficiently, Ecologically and Healthy
OUR WORLD
The Facts:
The average person spends 90% of his or her time in
enclosed spaces
The air pollution indoors can be up to 50 times higher
than outside
Construction is changing – worldwide there is a
stronger tendency towards energy-efficient and
sustainable building
BayWa’s Role:
Increasing quality of life
Offering premium building materials and services for
new construction, renovation and modernisation to
achieve energy-efficient and sustainable solutions
Supporting innovative research projects such as the
Effizienzhaus Plus (energy-efficient house) in
Burghausen, Germany, and the Effizienzhaus village
in Friedberg-Hügelshart
BayWa AG, Investor Relations May 2018 28Building Materials Segment
BayWa Building Materials - Always a Great Sense of Building
OUR BUSINESS IN 2017 €€ 1.5
1.6 bn
bn Revenues
Revenues 4,178
4,113 Employees
Employees 10%
10% of
of Group
Group Revenues
Revenues
Selling and supplying building materials of all
kinds to commerical and private customers
Finding qualified craft businesses and taking over
modern construction site logistics
Supplying system solutions such as full facades
Additional services such as funding and energy
consultation
Construction activities through own building
services engineering
Supervision and support of franchise partners in
Germany and abroad
Building Materials
Garden, terrace, driveway Cellar, brickwork, roof
Windows, doors, gates Building equipment, tools
Parquet, laminate, vinyl Heating, air condition,
Wooden flooring, tiles sanitary
Dry construction, insulation Prefabricated building parts
Renders, paints
BayWa AG, Investor Relations May 2018 29Building Materials Segment
Building Materials
OUR SUCCESS
Second-largest building materials trader in
Germany
199 locations in South & East Germany and
Austria
Highly qualified specialists: 100+ trained energy
consultants
Efficiency: over 2,000 truck deliveries per day, on
average
Implementation of plumbing services
More than 290,000 satisfied customers
Expansion of online offering: B2B online portal,
interior designer, home configurator ‚Mr+Mrs
Homes‘
Expertise going back decades in the building
materials sector
Always close to the customer: locally and online
Customised expert advice and requirements-
based service
BayWa AG, Investor Relations May 2018 30Innovation & Digitalisation Segment INNOVATION & DIGITALISATION
Global challenge in the Innovation & Digitalisation
Segment
Continuous world population growth
OUR WORLD
World population growth (bn): Fed people per farmer:
9.1
6.9 1900
4
3.7
1970 2010 2050
1950 10
Global farming conditions:
300% 3.2 t/ha
250%
200% Yield per hectare
129
150% 2012
1.1 t/ha
100%
2,300 m²Innovation & Digitalisation Segment
Innovative technology raises productivity and sustainability
OUR BUSINESS IN 2017 € 6.9 m revenues 158 employees
e-Business Digital Farming
Digital service offerings (advisory services, BayWa as Smart Farming enabler for system
apps, telemetry) solutions encompassing the entire agricultural
value chain: e.g. site-specific fertilizer application,
Digital fullfillment and e-commerce sowing, irrigation
Consistent omnichannel processes Sensor technology, drone flights and Smart
Farming consultancy services
Bundeling of e-business activities in the Business unit Farm Management – information
BayWa Online World systems and digital advisory services
Analogous services (e.g. soil analysis)
BayWa AG, Investor Relations May 2018 33Innovation & Digitalisation Segment
Digital Farming
OUR SUCCESS
Active shaping of digitalisation in agriculture, with
vendor-neutral solutions for Smart Farming and
Precision Farming
With the “AO Agrar Office” software, BayWa is a
leading supplier in Farm Management Information
Systems for large-scale farms as well as for small
and mid-sized farms with “NEXT Farming”, the new
cloud-based product generation
Development of integrated and site-specific
solutions, e.g. for optimised organic and mineral
fertiliser application, sowing, grassland care and
irrigation using satellite or sensor data
Prize-winning innovations: “Connected Nutrient
Management”, an integrated solution for organic
and mineral fertilisation, as well as “ICA-Wireless”
irrigation management
Development of telemetry solutions
Second Level Support and machine connectivity
International Smart Farming advisory services
BayWa AG, Investor Relations May 2018 34Agro Innovation Lab
Global Investment Activities in Ag-Tech
OUR SUCCESS
Top 6 startups out of 265 applications in 2017 Innovation hub of BayWa & RWA
First corporate Ag-Tech startup Accelerator
in Europe
Looking for high-potential startups
Providing selected services and resources for
startups
Developing go-to-market strategies for
innovative technologies
Building strategic partnerships
252 applications in 2018
BayWa AG, Investor Relations May 2018 35Sustainability NEW HORIZONS ACTING RESPONSIBLY
Acting Responsibly
Strategic Framework
OUR SUSTAINABILITY APROACH
Implementation of economic, ecological and social activities through 4 strategic
fields of action: environment / climate, market, employees and quality of life
BayWa AG, Investor Relations May 2018 37Acting Responsibly
Sustainability at BayWa
OUR FOUR STRATEGIC FIELDS OF ACTION AND ACTIVITIES
Environment & Climate Market Employees Quality of Life
BayWa pays special BayWa supports its BayWa offers a safe and BayWa creates added value
attention to the intelligent customers with innovative appreciative work for society by:
use of natural resources by: products and services by: environment by:
Promoting educational
Recycling of packing Providing healthy living Training as needed and projects in the field of
materials goods and energy thus providing young healthy nutrition with the
Using of green electricity efficient products people with a career entry BayWa Foundation
at the group Providing organic Considering occupational Sponsoring sport events,
headquarters and at products safety and health environmental protection
various locations Promoting the expansion protection the highest and education
Training their employees of renewable energies priority Awarding grants for
on environmental issues Enabling the compatibility students
Changing their vehicle of family and work
fleet to CO2-saving
models
BayWa AG, Investor Relations May 2018 38BayWa Foundation GIVING SOMETHING BACK MAKING THE DIFFERENCE TO OTHERS
20 Years BayWa Foundation
Educate. Support. Make a difference.
The BayWa Foundation
120 63
has been involved in School gardens Educational
promoting educational
projects in the fields of
have been built at projects
primary schools in
healthy nutrition and
Germany in order to have been realized in
renewable energy
promote practical the last 20 years
nutritional education
among children
In 10 40.000
Countries Children
the BayWa will study with the
foundation is new book „nutrition
education among compass“ in 2018
children
BayWa AG, Investor Relations May 2018 40Corporate Goals THE GROUND FOR THE NEXT 100 YEARS IS PREPARED
Outlook
Corporate Goals
OUR FUTURE
Enhance Independence and Competitiveness
Use of the best portfolio of international business
and brands
Remain true to its cooperative roots while
continuing to evolve
Ensuring Sustainable Entrepreneurship
Profitable and sustainable business in the long
term in all current and new fields
Responsible Corporate Conduct
Keep a long-term focus shaped by the company‘s
responsibility towards customers, employees,
other stakeholders and the society as a whole
The connection between BayWa and its customers
is the basis of shared success
BayWa AG, Investor Relations May 2018 42Investor Relations Contact JOSKO JULIUS RAPHAELA RENATE RADELJIC BLERSCH DA COSTA VON GEHLEN LORENZ Head of Investor Relations Investor Relations Manager Junior Investor Relations Manager Assistant Telefon +49 (089) 92 22 3887 Telefon +49 (089) 92 22 3151 Telefon +49 (089) 92 22 2873 Telefon +49 (089) 92 22 3881 Mobil +49 162 2828671 Mobil +49 162 2828410 Mobil +49 151 44024858 renate.lorenz@baywa.de josko.radeljic@baywa.de julius.blersch@baywa.de raphaela.dacostavongehlen@baywa.de BAYWA AG Arabellastraße 4 81925 Munich, Germany investorrelations@baywa.de Homepage: www.baywa.com BayWa AG, Investor Relations May 2018 43
Thank you for your attention The information in this presentation is partly made up of forward-looking statements which are based on assumptions and are subject to unforeseeable risks. In as much as the assumptions on the successful integration of acquisitions and on the internal growth of the company should prove to be inaccurate, or should other unforeseeable risks occur, the possibility of the assets, financial position and results of operations of the Group diverging negatively from the target figures cited in this presentation should not be discounted. BayWa AG can therefore undertake no guarantee that the actual development of the net worth, financial position and results of operations of the Group will concur with the target figures described in this presentation.
Appendix: Strategically Relevant Affiliated Companies BayWa AG, Investor Relations May 2018 45
Affiliates
BayWa r.e. renewable energy GmbH
OUR GROWTH
Company: BayWa r.e. renewable energy GmbH North America
Headquarters: Munich, Germany
Revenues: ca. EUR 1.370 m
Employees: approx. 1.100
BayWa stake: 100%
Locations: Australia, Austria, Croatia, Denmark,
France, Germany, Greece, Hungary, Italy, Japan,
Luxembourg, Malaysia, Poland, Romania, Singapore,
Spain, Sweden, Switzerland, Thailand, UK, USA Southeast Asia
Business fields: wind, solar, biomass & Australia
Founded: 2009
Europe
Company purpose: project planning, trade and
services in the renewable energies sector
Business activities BayWa r.e.
BayWa AG, Investor Relations May 2018 46Affiliates
BayWa Agri Supply & Trade B.V. (BAST)
OUR GROWTH
Company: BayWa Agri Supply & Trade B.V.
BayWa Agri Supply
Headquarters: Rotterdam, The Netherlands & Trade B.V.
Revenues: ca. EUR 6.02 bn
Employees: ca. 410
Evergrain
BayWa stake: 100% Cefetra Germany Tracomex
BMTI B.V.
Group* GmbH & B.V.**
Locations: Co. KG
BayWa Marketing & Trading International B.V.,
Rotterdam, The Netherlands
Cefetra Group, Rotterdam, The Netherlands
Tracomex B.V., Oosterhout, The Netherlands
Evergrain Germany GmbH & Co. KG, Hamburg,
Germany
Founded: April 2014 Citrus Purée
Oil Cake
Company purpose: holding for affiliates in Tapioca
international trading of agricultural commodities & Grain
Soya
supply chain management Rapeseed
* Cefetra Group combines Cefetra B.V., Cefetra Feed Service B.V., Cefetra
Ltd., Cefetra Polska Sp z o.o, Cefetra Hungary Kft., Cefetra Spa and
Cefetra Ibérica S.L.
** Tracomex B.V. combines Thenergy B.V., Riveka B.V.B.A. and Bio Core
BayWa AG, Investor Relations B.V. May 2018 47Affiliates
Cefetra Group
OUR GROWTH
Cefetra Group
Cefetra
Cefetra Feed Cefetra Cefetra Italy Cefetra
Cefetra B.V. Cefetra Ltd. Polska
Service Hungary Kft. Spa Ibérica S.L.
Sp z o.o
Revenues: ca. EUR 5.16 bn Subsidiaries:
Employees: ca. 320 Cefetra B.V., Rotterdam, The Netherlands
BayWa stake: 100%
Cefetra Feed Service B.V., Rotterdam, The
Main products: Oilseeds, grains and co-products Netherlands
Consolidated since: January 2013 Cefetra Ltd., Paisley, Scotland
Company purpose: International trading of Cefetra Polska Sp z o.o, Gdynia, Poland
agricultural commodities & supply chain Cefetra Hungary Kft., Budapest, Hungary
management for the feed, food/drink and fuel
industries Cefetra Spa, Rome, Italy
Cefetra Ibérica S.L., Madrid, Spain
BayWa AG, Investor Relations May 2018 48Affiliates BayWa Marketing & Trading International (BMTI) OUR GROWTH Company: BayWa Marketing & Trading International B.V. Headquarters: Rotterdam, The Netherlands Revenues: ca. EUR 506 m Employees: 25 BayWa stake: 100% Trading volume: ca. 3 mln. MT per year Sales area: Blacksea region, MENA, etc. Founded: October 2014 Product portfolio: Grains & Oilseeds Company purpose: Trading outside BAST group’s traditional markets with a focus on functional flows BayWa AG, Investor Relations May 2018 49
Affiliates
Evergrain Germany GmbH & Co. KG
OUR GROWTH
Company: Evergrain Germany GmbH & Co. KG
Headquarters: Hamburg, Germany
Revenues: ca. EUR 166 m
Employees: approx. 12
BayWa stake: 100%
Trading activities: In over 35 countries worldwide
Collection volume: ca. 270,000 tons per year
Trading volume: ca. 750,000 tons per year
Consolidated since: January 2016
Company purpose: Global sourcing, collection and
trading of malting barley
Malting barley trading Evergrain Malting barley trading BayWa
BayWa AG, Investor Relations May 2018 50Affiliates Tracomex B.V. OUR GROWTH Company: Tracomex B.V. Headquarters: Oosterhout, The Netherlands Revenues: ca. EUR 190 m Employees: approx. 24 BayWa stake: 100% Trading volume: approx. 1 million tons per year Countries: BeNeLux, Poland BayWa AG Susidiaries: BayWa Agri Supply & Trade B.V. Thenergy B.V., Oosterhout, Netherlands Riveka BVBA, Boom, Belgium 100% BioCore B.V., Weesp, Netherlands Tracomex B.V. Consolidated since: January 2017 The Netherlands Company purpose: International trading of grain specialities, agricultural niche products & organic produce (e.g. buckwheat, legumes, oat, rice, rye, Thenergy B.V. Riveka B.V.B.A. Biocore B.V. millet…) The Netherlands Belgium The Netherlands BayWa AG, Investor Relations May 2018 51
Affiliates
BayWa Agrarhandel GmbH
OUR GROWTH
Company: BayWa Agrarhandel GmbH
Headquarters: Nienburg, Germany Agrarhandel GmbH
Revenues: ca. EUR 191 m
Employees: approx. 70
BayWa stake: 100%
Port locations: seaports in Mukran and Vierow;
inland ports on the Weser and Midland Canal
Business regions: Northeastern Germany and
Poland
Storage capacity: approx. 83,000 tons (incl. Ketzing)
Consolidated since: Q2 2013
Company purpose: agricultural trade with
international activities
Locations BayWa Agrarhandel GmbH
BayWa AG, Investor Relations May 2018 52Affiliates T&G Global Ltd. OUR GROWTH Company: T&G Global Ltd. Headquarters: Auckland, New Zealand Revenues: ca. EUR 700 m Employees: approx. 2,700 BayWa stake: 73.99% Locations: Australia, Belgium, Canada, Cayman Islands, Chile, China, Fiji, Japan, New Zealand, Peru, Thailand, UK, USA Main products: apples, kiwis, tomatoes, citrus fruit Consolidated since: April 2012 Company purpose: collection, processing and sale of fruits; international fruit and vegetable trading BayWa AG, Investor Relations May 2018 53
Affiliates TFC Holland B.V. OUR GROWTH Company: TFC Holland B.V. Headquarters: Maasdijk, The Netherlands Revenues: ca. EUR 63 m Employees: approx. 50 BayWa stake: 68.4% Stategic success factors: global sourcing network (40 countries); focus on ready-to-eat fruits prepared in own cold stores and mature chambers Main products: avocado, mango, ginger, citrus fruits, lime Consolidated since: March 2016 Company purpose: international sourcing, processing and sale of fruits BayWa AG, Investor Relations May 2018 54
Affiliates BayWa Obst GmbH & Co. KG OUR GROWTH Company: BayWa Obst GmbH & Co. KG Headquarters: Munich, Germany Obst GmbH & Co. KG Revenues: ca. EUR 45 m Employees: approx. 100 BayWa stake: 100% Locations: 6 locations in the regions of Lake Constance and Neckar Main products: dessert pome fruit (apples, pears), soft and stone fruit Consolidated since: January 2015 Company purpose: collection, processing, packaging and sale of fruits BayWa AG, Investor Relations May 2018 55
Affiliates RWA Raiffeisen Ware Austria AG OUR GROWTH Company: RWA Raiffeisen Ware Austria AG Headquarters: Vienna, Austria Revenues: ca. EUR 2.8 bn Employees: approx. 2,165 BayWa stake: 50% + 1 share Locations: 881 Business areas: agriculture, agricultural equipment, building materials, DIY & garden centres, energy Consolidated since: 1999 Company purpose: wholesale and service activities for the Lagerhaus cooperatives in Austria BayWa AG, Investor Relations May 2018 56
Affiliates „Unser Lagerhaus“ WHG mbH OUR GROWTH Company: „Unser Lagerhaus“ WHG mbH Headquarters: Klagenfurt, Austria Revenues: ca. EUR 490 m Employees: approx. 1,030 BayWa stake: 51.1% Locations: 104 Business areas: agriculture, agricultural equipment, energy, DIY & garden centers, building materials Consolidated since: 1995 Company purpose: wholesale and retail activities for the Lagerhaus cooperatives in Austria BayWa AG, Investor Relations May 2018 57
Affiliates BayWa Vorarlberg HandelsGmbH OUR GROWTH Company: BayWa Vorarlberg HandelsGmbH Headquarters: Lauterach, Austria Revenues: ca. EUR 79 m Employees: approx. 206 BayWa stake: 51% Business areas: agricultural products, DIY & everyday products, building materials, petroleum products, farming and municipal machinery plus repairs and services Founded: 1995 Company purpose: wholesale and retail in Austria BayWa AG, Investor Relations May 2018 58
Affiliates RI Solution GmbH OUR GROWTH Company: RI Solution GmbH Headquarters: Munich, Germany Revenues: ca. EUR 9 m Employees: approx. 250 BayWa stake: 89.66% Business areas: IT consulting, IT project planning, IT development and implementation, rollout, operation and maintenance of software solutions, strategic hardware and software purchasing Founded: 2002 Company purpose: project planning, implementation, installation, operation and support of highly diverse application solutions BayWa AG, Investor Relations May 2018 59
Affiliates
FarmFacts GmbH
OUR GROWTH
Company: FarmFacts GmbH
Headquarters: Pfarrkirchen, Germany
Revenues: ca. EUR 6 m
Employees: approx. 100
BayWa stake: 100%, konsolidated since March 2015
Countries: Germany, Austria, Switzerland, Poland,
Hungary, Romania, Czech Republic, Baltic States,
The Netherlands, Southern Africa
Main products/services:
– Farm Management - information systems:
software AO Agrar-Office and NEXT Farming
– Digital advisory services (e.g. mapping services)
– Soil analysis, drone flights
– FarmFacts Academy: Smart Farming enabling
external and internal (advisory services for farmers,
technical support for product development and sales)
USP: Solution provider, independent from
manufacturers (interconnection of software, support and
services), guarantee for compatibility of machines,
market leader in Germany for farms > 300 ha
BayWa AG, Investor Relations May 2018 60Affiliates
Wessex Grain Ltd.
OUR GROWTH
Company: Wessex Grain Ltd.*
Headquarters: Templecombe, Somerset, United
Kingdom
Revenues: ca. EUR 80 m
Employees: approx. 20
BayWa stake: 100%
Sales area: Southeast of England
Trading volume: ca. 450,000 tons per year
Storage capacity: ca. 65,000 tons
Consolidated since: November 2015
Company purpose: Collection, logistics, marketing
and trading of grain & oilseed
Sales area Headquarters
* Part of Cefetra Group
BayWa AG, Investor Relations May 2018 61Affiliates
Agrimec Group B.V.
OUR GROWTH
Company: Agrimec Group B.V.
Headquarters: Apeldoorn, The Netherlands
Revenues: ca. EUR 89 m
Employees: approx. 200
BayWa stake: 100%
Locations: 17 locations in the south and one
location in the north of The Netherlands
Important brands: Fendt, Massey Ferguson,
Challenger, Lemken, Krone, Merlo, Joskin, Agrifac
Consolidated since: July 2016
Company purpose: Import, sales and service of
agricultural equipment and machinery (new and
used machinery)
Locations Agrimec Group
BayWa AG, Investor Relations May 2018 62Affiliates Premium Crops Ltd. OUR GROWTH Company: Premium Crops Ltd.* Headquarters: Waterlooville, England Revenues: ca. 26 m Employees: approx. 15 BayWa stake: 100% Trading volume: approx. 70,000 tons per year Location: England Consolidated since: March 2018 Main products: Linseed, red wheat, canary seed, millet, oats, rapeseed with high erucic acid content... Company purpose: Leading supplier, distributor and supplier of cereal specialties with a focus on sustainable, traceable and fully risk-controlled supply chains for niche oil crops and cereals * Part of Cefetra Group BayWa AG, Investor Relations May 2018 63
Affiliates GroenLeven B.V. OUR GROWTH Company: GroenLeven B.V.* Headquarters: Heerenveen, The Netherlands Revenues: ca. 80 m Employees: approx. 30 BayWa stake: 70% Founded: 2011 Trading activities: The Netherlands Consolidated since: 1 half-year 2018 Record of success: 127 MW of solar projects have been developed and built in the Netherlands; Market leader with around 25% market share Project pipeline: around 2 GW of solar projects (floating, open space, rooftop) Company purpose: design and development of solar energy projects * Part of BayWa r.e. Group BayWa AG, Investor Relations May 2018 64
Appendix: Group Financials BayWa AG, Investor Relations May 2018 65
Group Financials Income Statement OUR BUSINESS IN 2017 in EUR m 2013 2014 2015 2016 2017 ∆16/17 (%) Revenues 15,957.6 15,201.8 14,928.1 15,409.9 16,055.1 4.2% EBITDA 281.4 279.8 288.3 272.6 318.4 16.8% % of Revenues 1.8% 1.8% 1.9% 1.8% 2.0% EBIT 137.4 152.1 158.1 144.7 171.3 18.4% % of Revenues 0.9% 1.0% 1.1% 0.9% 1.1% EBT 75.1 80.4 88.1 69.6 102.4 47.1% % of Revenues 0.5% 0.5% 0.6% 0.5% 0.6% Consolidated net income 54.3 80.7 61.6 52.7 67.2 27.5% Tax rate 27.7% -0.4% 30.1% 24.3% 34.4% Share of minority interest 23.1 19.3 13.4 21.6 27.9 29.2% as % of net income 42.5% 23.9% 21.8% 41.0% 41.5% Share of owners of parent company 31.2 61.4 48.2 31.1 39.3 26.4% as % of net income 57.5% 76.1% 78.2% 59.0% 58.5% Earnings per share (EPS) in EUR 0.91 1.78 1.39 0.90 1.13 25.6% BayWa AG, Investor Relations May 2018 66
Group Financials Balance Sheet OUR BUSINESS IN 2017 in EUR m 2013 2014 2015 2016 2017 ∆16/17 (%) Total assets 5,199.3 5,652.0 6,036.7 6,474.9 6,488.0 0.2% Equity 1,115.0 1,050.4 1,075.9 1,098.3 1,435.5 30.7% Equity ratio 21.4% 18.6% 17.8% 17.0% 22.1% Equity ratio adjusted* 23.8% 22.4% 21.4% 20.8% 25.7% in EUR m 2013 2014 2015 2016 2017 ∆16/17 (%) Non-current assets 2,094.0 2,261.7 2,287.2 2,355.7 2,396.9 1.8% Current assets 3,061.8 3,371.8 3,739.7 4,094.2 4,077.4 -0.4% Provisions 772.5 921.2 913.8 956.2 951.6 -0.5% Non-current financial liabilities 788.4 1,107.9 1,223.2 1,269.3 1,042.3 -17.9% Current financial liabilities 1,140.6 1,175.1 1,321.0 1,520.8 1,446.9 -4.9% * Adjusted for the reserve formed for actuarial profits and losses BayWa AG, Investor Relations May 2018 67
Group Financials Cash Flow Statement OUR BUSINESS IN 2017 in EUR m 2013 2014 2015 2016 2017 ∆16/17 (%) Consolidated net income 54.3 80.7 61.6 52.7 67.2 27.5% Cash flow from operating activities 230.3 -90.6 19.0 208.6 -170.2 > -100% Cash flow from investing activities 84.5 -227.6 -143.5 -123.6 -60.5 51.1% Cash flow from financing activities -297.0 334.4 98.7 -63.0 235.9 > +100% Cash & cash equivalents at the start of the period 83.2 92.1 108.4 84.5 104.4 23.6% Cash & cash equivalents at the end of the period 92.1 108.4 84.5 104.4 105.5 1.1% BayWa AG, Investor Relations May 2018 68
You can also read
