Every day counts - Deutsche Beteiligungs AG

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58 Portfolio according to investment size Geographic dissemination of portfolio Portfolio according to business fields Larger investment size per investee business The share of the portfolio (measured at acquisition cost) attributable to smaller investments again decreased in the reporting year. Some 86 percent (previous year: 85 percent) of the capital was invested in projects valued at more than five million euros each. Investments valued at acquisition cost of more than ten million euros account for nearly 60 percent of the portfolio (previous year: 55 percent). Portfolio according to investment size Volume Number Less than Volume € 2.5 million Number Less than _ 2.5 million € 2.5 to 5 million _ 2.5 to 5 million € _ 5 5 to to 10 10 million million 6.6 % 16 7.2 % 5 26.9 % 11 6.6% 7.2% 26.9% 16 5 11 € _ 10 10 to to 15 15 million million 29.5 % 7 29.5% 7 More than than € _ 15 15 million 29.8 % 4 29.8% 4 Apportionment domestic/international constant Geographic dissemination of our invested capital is consistent with our investment target, with nearly two thirds (65.2 percent; previous year: 64.4 percent) invested in Germany and other German-speaking countries. The greater part of our international portfolio remains focused on the United States (27.1 percent; previous year: 28.3 percent). Volume Number Germany 61.1% 21 International 38.9% 22 thereof • German-speaking countries 4.1% 4 • USA 27.1% 10 • Europe 3.9% 3 • other countries 3.9% 5 Development of business fields The apportionment of the portfolio among the Company’s three business fields moved in line with our strategy this financial year. At 39.1 percent, expansion financing lost in importance (previous year: 40.3 percent). Majority investments structured as management buyouts are the focus of our investing activity. Volume Number Management buyouts 38.7% 16 Investments in buyout funds 22.2% 12 Expansion financing 39.1% 15
Industrial profile of portfolio balanced Our portfolio is diversified across different sectors of industry. That allows us to achieve a better risk spread. We changed the depiction of the industrial profile this financial year. To augment transparency, the break-down now includes eight industrial sectors. Furthermore, we have classified the holdings of our material fund investments to the respective categories. Minor fund investments are contained in “Others”. Industry profile of portfolio Machine and plant construction (14.3 %) Automotive supplies (6.2 %) Construction (17.6 %) Chemicals (6.6 %) Printing, media, packaging (9.7%) Deutsche Beteiligungs AG · Annual Report 2002/2003 Corporate Review – Investments Portfolio profile Others (6.1%) Consumer goods (13.1%) Industrial services and logistics (11.0 %) Trade (15.4 %) 59
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Annual Report 2002/2003 Every day c
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Deutsche Beteiligungs AG · Annual
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Deutsche Beteiligungs AG · Annual
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Wilken Freiherr von Hodenberg born
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Changes to the Board of Management
Page 11 and 12: November 1, 2002 to December 31, 20
Page 13 and 14: Shares of Deutsche Beteiligungs AG:
Page 15 and 16: Weak dollar curtails valuation rese
Page 17 and 18: Pro-active investor relations Deuts
Page 19 and 20: Prospects for our shares Capital ma
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Page 23 and 24: DEUTSCHE BETEILIGUNGS AG - MARKET P
Page 25 and 26: This performance is founded on six
Page 27 and 28: We build on an established network
Page 29 and 30: Platform for growth - Opportunities
Page 31 and 32: OUR PORTFOLIO - GOOD CROSS SECTION
Page 33 and 34: Volume November 1, 2002 € 313.1 m
Page 35 and 36: Deutsche Beteiligungs AG · Annual
Page 37 and 38: MANAGEMENT BUYOUTS - PARTNERSHIPS F
Page 45 and 46: Hochtemperatur Engineering GmbH Mai
Page 47 and 48: EXPANSION FINANCING - REACHING FOR
Page 49 and 50: Bauer AG Schrobenhausen Deutsche Be
Page 51 and 52: Hucke AG Lübbecke (through Bowa Be
Page 53 and 54: Otto Sauer Achsenfabrik Keilberg Be
Page 55 and 56: INTERNATIONAL BUYOUT FUNDS - BALANC
Page 57 and 58: Accessing opportunities in eastern
Page 59 and 60: Unternehmens Invest AG Vienna Deuts
Page 61: PORTFOLIO - BALANCED ACROSS INDUSTR
Page 65 and 66: MANAGEMENT’S REPORT I. Market dev
Page 67 and 68: Investments during the year under r
Page 69 and 70: IV. 5. Appropriation of the distrib
Page 71 and 72: Our support for the development of
Page 73 and 74: IX. Events subsequent to the closin
Page 75 and 76: Liabilities and shareholders’ equ
Page 81 and 82: D. Accounting policies Deutsche Bet
Page 89 and 90: AUDITORS’ REPORT We have audited
Page 91 and 92: The financial statements of Deutsch
Page 95 and 96: Statutory offices Comparable office
Page 97 and 98: Statutory offices Comparable office
Page 99 and 100: MBO Multiples method Official Marke
Page 101 and 102: FIVE-YEAR FINANCIAL SUMMARY in mill
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