www.durr.comwww.durr.com
ANNUAL GENERAL MEETING 2014
DÜRR AKTIENGESELLSCHAFT
Bietigheim-Bissingen, 04/30/2014
WELCOME
Ralf W. Dieter, CEO
DÜRR STOCK: 1990 UNTIL TODAY
© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014 2
REPORT OF THE BOARD OF MANAGEMENT
© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014 3
1. Business development 2013
2. Refinancing
3. Dividend
4. Agenda items
5. Capital expenditure
6. Strategy
7. Outlook
EBIT ABOVE € 200 MILLION FOR THE FIRST TIME
-20
10
40
70
100
130
160
190
220
0
500
1000
1500
2000
2500
3000
2005 2006 2007 2008 2009 2010 2011 2012 2013
€ million € million
4© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014
SALES ORDER INTAKE EBIT
Europe without Germany
€ 566.3 million (742.0)
STRONG DEMAND IN THE AMERICAS
© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014 5
Order intake 2013 (2012)
Reife Märkte
46% (45%)
Germany€ 323.1 million (387.1)
Americas€ 732.0 million (483.6)
Asia (ex China), Africa, Australia
€ 114.6 million (130.0)
China € 651.1 million (854.1)
27.3%
4.8%
30.6%
13.6%
23.7%
FINANCIAL POSITION FURTHERIMPROVED
© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014 6
2011 2012 2013 Change
Cash flow € million 127.9 117.6 329.1 +179.8%
Cash € million 298.6 349.3 458.5 +31.3%
Net financial status € million 51.8 96.7 280.5 +190.1%
Equity € million 364.3 432.1 511.4 +18.4%
Equity ratio % 21.9 23.9 25.7+1.8 ppts
ROCE % 28.4 43.9 66.2 +22.3 ppts
MARCH 2014:SUCCESSFUL REFINANCING
© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014 7
Total volume: € 600 million
€ 300 million Corporate bond
€ 300 millionSyndicated loan
€ 100 million cash line
€ 200 million guarantee line
Term: up to 7 years
Fully funded until 2021
2.88% coupon
99.2% issue price
Term: 7 years
CREDIT STANDING STRONGLYIMPROVED
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9.75%
7.25%
2.88%
0
2
4
6
8
10
12
2004 2010 2014
Decrease of nominal interest rates since 2004 bond emission
DIVIDEND: 1.45 € PER SHARE*
2007 2008 2009 2010 2011 2012 2013
0.35 €
0.00 €0.15 €
0.60 €
1.13 €
1.45 €*
* proposal9© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014
0.20 €
Total distribution of € 50.2 million proposed
SUCCESS FACTOR: STAFF
10© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014
5,712 5,9156,823
7,652 8,142
2009 2010 2011 2012 2013
Number of employees (Dec. 31)
DÜRR CHALLENGE: ADDRESSING YOUNG TALENT
11© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014
FOCUS MAGAZINE: BEST EMPLOYER IN OUR INDUSTRY
12© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014
SHAREHOLDER STRUCTURE
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25.1%
3.5%71.4%
Heinz Dürr GmbHInstitutional and private investors
Heinz und Heide Dürr Stiftung
71.4% free float
0.7% held by Dürr AG´s board of management
AGENDA ITEMS 7 TO 10Anticipatory resolutions
Item 7 – Contingent capital: authorization for corpor ate actions
Item 8 – Authorized capital: authorization for capita l increases
Control / profit and loss transfer agreements
Item 9 – Adaption to new legal requirements
Changes in the articles of incorporation
Item 10 – Simplified adoption of resolutions within the supervisory board and the board of management
14
Adaption to market conventions,20% limit for exclusion of subscription rights (tot al)
© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014
CAPEX AT RECORD LEVEL
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26.5 24.3 21.416.6
23.4
32.5
51.2
0
10
20
30
40
50
60
2007 2008 2009 2010 2011 2012 2013
Capex (property, plant & equipment/intangible assets)
Capacities adjusted to increased business volume
13 business locations newly built or upgraded
€ million
NEW BUSINESS LOCATION IN SHANGHAI-BAOSHAN
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All mechanical engineering activities at one business location
FURHTER NEW FACILITIES: CHINA, KOREA, SOUTH AFRICA, MEXICO
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Expanded capacities
Shanghai Qingpu
Querétaro
Port ElizabethSeoul
EXPANSION OF 6 FACILITIES
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Expansion investments: e.g. robot assembly and glui ng technology
Bietigheim-Bissingen
Rheineck
Wolfsburg
Radom
Warwick
São Paulo
EXPANSION IN SOUTH EAST ASIA AND JAPAN
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4.2
6.0
0
2
4
6
8
2013 2018e
Light vehicle production South East Asia*
* Thailand, Indonesia, Malaysia
million
2 acquisitions / new technology center in Tokyo
Dürr Indonesia + Malaysia
DÜRR 2017 STRATEGY
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Targets:
€ 2.8 to 3.0 billion sales
≥ 8% EBIT margin
> 30% ROCE
Customer orientation and service quality
Service
Globalization
Efficiency
Innovation
LEADING INPRODUCTION EFFICIENCY
STRATEGIC FIELD: GLOBALIZATION
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14 2646
614440
37
43
0
20
40
60
80
100
120
2003 2008 2013 2018e
Light vehicle production: strong increase in the emerging markets
million
Established markets
Emerging markets
5866
83
104
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STRATEGIC FIELD: EFFICIENCYWorldwide optimization program
Customersatisfaction
Servicequality
STRATEGIC FIELD: SERVICE
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More than 40 optimization measures defined
E.g. accelerated spare parts delivery, training, staff increase, new IT systems
Large installed base provides good growth perspectives
INNOVATION YEAR 2014
24© Dürr Aktiengesellschaft, CCI, AGM 2014, 04/30/2014
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20.3 21.1 21.1 20.525.5 25.9 25.8
29.5
37.243.0
0
10
20
30
40
50
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
STRATEGIC FIELD: INNOVATIONR&D expenses at record level€ million
STRATEGIC FIELD: INNOVATION
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Growth drivers
CORE BUSINESS
Innovation
Customer proximity
Service expansion
NEW BUSINESS SEGMENTS
NEW MARKETS
ACQUIRED ACTIVITIES DEVELOP WELL
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Gluing Ultra-fine cleaning Energy efficiency Balancin g systemstechnology technology technology for turbochargers
ACQUISITIONS 2013
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Environmental technology: LTB acquisition
Filling technology:100% in Agramkow
Strengthens market position in exhaust-air purification technology
Dürr + Agramkow: Worldwide number 1
€ 34.8 million equity investments
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OUTLOOK
Targets for 2014
Order intake: € 2.3 to 2.5 billion
Sales: € 2.4 to 2.5 billion
EBIT margin: 8.0 to 8.5%
www.durr.comwww.durr.com
ANNUAL GENERAL MEETING 2014
DÜRR AKTIENGESELLSCHAFT
Bietigheim-Bissingen, 04/30/2014
WELCOME
Ralf W. Dieter, CEO