Mühlbauer Group

Mühlbauer GroupInternational sitesProduction on three continents– Technology centers in USA,Slovakia, Serbia and MalaysiaKnow-how transfer from Germanyguarantees a high qualitystandard in the whole worldMore than 30 sales and servicelocations worldwideMühlbauer GroupP.4

Mühlbauer GroupCorporate culture - Our valuesWe……fulfill our obligations and expectations.As a competent and reliable partner we take over full responsibility forour products and services.…are solution-oriented.Our customers appreciate us as a business partner who satisfies all theirneeds by offering complete solutions from one single source.…set new standards.As a global technology leader we always think one step ahead anddevelop cutting-edge solutions on the highest level.…promote sustainable growth.Efficient process management allows us to generate sustainable growthfor our customers and our company.…relay on our values.High speed, openness, confidence, reliability and continuous learningform the basis of our business and success.Mühlbauer GroupP.5

Business LinesMühlbauer GroupCards &TECURITY ®Semiconductor RelatedProductsPrecision Parts &SystemsMühlbauer GroupP.6

Cards & TECURITY ®CompetenciesBooklet / Card productionInlay productionIC module productionID Document PersonalizationID Document MailingData Management & SecurityData EnrollmentBorder crossingData verificationIndependentsystem partnerMarket Know HowTechnology Know HowMühlbauer GroupP.7

Cards & TECURITY ®ID-CardsMühlbauer GroupP.9

Cards & TECURITY ®PassportsMühlbauer GroupP.10

Semiconductor Related ProductsProduct portfolioThe only companyin the worldto offer a turnkey factoryfor the production ofRFID smart labels usedfor the identification ofproducts and flowsof goods.RFID/ SmartLabelSemiconductorBackend► RFID Inlay Production► Label Converting► Test & Personalization► Chip Module Production► Die Sorting► Carrier Tape Forming► Flip Chip BondingTraceability► Marking & Laser► Automation & Board handlingSolar► Flexible thin layer solar technology► Concentrator solar technologyMühlbauer GroupP.12

Semiconductor Related ProductsMarket positionRFID/Smart LabelOnly company in the world to offer the “RFIDfactory“ as a complete solution for theproduction of smart labels & smart tickets with aworld market share of more than 80%SemiconductorBackendConcentration on promising niches of thesemiconductor marketProvider of advanced packages (from rawmaterial via machines up to software)SolarPioneer in the development and production ofthin film solar technologyMühlbauer GroupP.13

Precision Parts and SystemsMarket positionIndependent andcompetent partnerof several sensitiveindustries such asaerospace, motorsports,medical andsemiconductor industryCompact solutions in full responsibility, from raw materials viaparts manufacturing, surface treatment and system assembly upto logisticsHigh flexibility due to production in three different locations andovernight manufactureHighest quality products and systemsInnovation, competence and supreme quality from one singlesourceState of the art machines and high qualified staff form thebasis for the competenceMühlbauer GroupP.15

Mühlbauer Group2011 - Order incomeIn million EURNegative numbers inparentheses20112010+ / -C&T 170.4 199.9 (29.5 / 14.8%)SRP 60.7 75.4 (14.7 / 19.5%)PPS 29.7 26.3 3.4 / 12.9%total order income 260.8 301.6 (40.8 / 13.5%)Project business in the field of Cards & TECURITY ® and weaker demand forsemiconductor backend products in the second half of the year responsible for decliningorder incomeOrder backlog with million 201.4 EUR marks new record high (2010: million 159.9 EUR)Mühlbauer GroupP.16

Mühlbauer Group2011 – Result developmentIn million EURNegative numbers inparentheses2011 2010+ / -Gross profit82.382.4(0.1 / 0.1%)EBIT28.1 38.2(10.1 / 26.4%)Net earnings 22.0 30.3 (8.3 / 27.4%)EPS 1.51 2.09 (0.58 / 27.8%)Gross profit approx. on last year's level. Gross profit margin at 38.6%, against 39.8% inthe previous yearEBIT impaired by distinct rise in selling expenses as well as research an developmentexpensesEBIT margin 13.2% (previous year 18.4%)Mühlbauer GroupP.18

Mühlbauer GroupQ2/2012 & 1HY/2012 - Order incomeIn million EURNegative numbers inparenthesesQ2/2012Q2/2011+ / -1 HY./20121 HY./2011+ / -C&T 39.7 70.7 (31.0 / 43.8%)74.4 95.2 (20.8 / 21.8%)SRP 32.3 16.4 15.9 / 97.0%48.7 31.6 17.1 / 54.1%PPS 6.3 7.4 (1.1 / 15.0%)13.2 15.9 (2.7 / 17.0%)total 78.3 94.5 (16.2 / 17.1%)136.3 142.7 (6.4 / 4.5%)Due to the concentration of further government orders of a total approx. EUR 45 million atthe beginning of July, order income in Q2/2012 million 31 EUR lower than in Q2/2011 inthe field of Cards & TECURITY ®Booming Tablet PC and Smartphone market, as well as the strong demand for technologysolutions for the production of RFID Smart Labels responsible for huge increase of orderincome in the field of Semiconductor Related ProductsMühlbauer GroupP.19

Mühlbauer GroupQ2/2012 & 1HY/2012 - SalesIn million EURNegative numbers inparenthesesQ2/2012Q2/2011+ / -1 HY/20121 HY/2011+ / -C&T 34.5 20.6 13.9 / 67.2%67.0 50.5 16.5 / 32.6%SRP 20.0 14.3 5.7 / 39.9%31.0 26.2 4.8 / 18.0%PPS 7.0 7.0 0.0 / 0.0%13.9 14.7 (0.8 / 5.7%)total 61.5 41.9 19.6 / 46.5%111.9 91.5 20.4 / 22.3%Increase of sales in the field of Cards & TECURITY ® by continually clearing its order backlogMassive growth in the field of Semiconductor Related Products due to strong demand ofsemiconductor backend equipment for smart devicesMühlbauer GroupP.20

Cards & TECURITY ®Market potential and driversSecurity and flexibility, e.g. by ePassport, eGovernment,innovative security featuresProgressing reduction of bureaucracy via eGovernmentNew standards, e.g. biometric, contactless identificationNew laws and regulations, e.g. US-Visa-Waiver-Program, ICAOStandards, EU RegulationEMV standard is driving many bank to issue smart cards forcontactless paymentFurther growth in GSM/SIM cards due to high demandin developing and emerging countriesePassport und ID Cards become a standard worldwide:Governments and authorities replace conventionalID Documents by innovative smart cardsor ePassportsMühlbauer GroupP.22

Semiconductor Related ProductsMarket potential and driversRFID: Optimization of logistics, security and the flow of goods,increased flexibilityNFC: Hugh growth potential in the field of near fieldcommunicationBackend: Continuous trend regarding to miniaturize of chips(dice)Traceability: More product safety and improvement of efficiencythrough automationSolar: Change towards flexible thin film solar technologyexpected in the long runMühlbauer GroupP.23

Mühlbauer GroupOutlookShort termprospects►Due to the current risks in worldwide economy and the sharp downturn in demand ofSemiconductor Equipment for smart devices Mühlbauer is more cautions and hasadjusted its risk management in inventory. As a result, in 2012 even sales are expectedto be higher than PY, EBIT margin is anticipated to be in a mid- to high-singe-digit rangeMedium- andlong termprospects►The markets relevant to Mühlbauer continuing to gain more and more importance.As a company that offers the complete technology portfolio and market know-howfrom a single source, Mühlbauer is in a pole position to benefit above average fromthe market potentialInvestments►Mühlbauer has done enormous investments in the past two years and considers itselfwell positioned to manage the expected growth without any need of huge investmentswithin the next two to three yearsDividend►As in the past, we do not intend to change our dividend policyMühlbauer GroupP.24

Mühlbauer GroupDisclaimerThis information is provided without guaranty or warranty. While theinformation provided is believed to be accurate, it may include errors orinaccuracies. In no event shall Mühlbauer be liable to any person for anyspecial, indirect or consequential damages relating to this material.This presentation contains statements that are projected into the future;statements that are based not on historic facts but rather on currentplans, assumptions and estimates. Future-oriented statements are onlyapplicable to the period in which they are established. Mühlbauer acceptsno liability to revise these once new information becomes available.Future-oriented statements are always subject to risk and uncertainty. Wetherefore wish to point out that a range of factors can impact the actualresults and situation to the extent that these deviate considerably frommentioned figures, estimates and statements.Mühlbauer Group P.25

Mühlbauer GroupJosef-Mühlbauer-Platz 193426 Roding, GermanyPhone: +49 9461 952 - 0Fax: +49 9461 952 - 1101Email: info@muehlbauer.deWeb: www.muehlbauer.deAustralia | Brazil | China | France | Germany | India | Malaysia | Mexico Russia | Serbia | Slovakia |South Africa | South Korea | Taiwan | Turkey | Uganda | United Arab Emirates | U.S.A.Mühlbauer Group