No power train without Miba technology

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Miba Sinter Group 2009 was a turbulent year for the automotive industry. In Europe 14.5 million new passenger cars and light commercial vehicles were registered, 1.6 percent fewer than in 2008 and 9.5 percent fewer than in 2007. In December 2009 demand for new vehicles was up 16 percent in comparison to the same month the previous year. Production figures for passenger cars in the 27 EU countries fell by 12 percent compared to 2008, while light commercial vehicles were down by 42 percent. This means that in 2009 almost 15 million passenger cars and light commercial vehicles were produced in the 27 EU countries. Late in the 2008-2009 business year, Miba Sinter Group became the first business unit hit by the effects of the financial and economic crisis. The economic stimulus measures introduced in many countries around the world, such as “cash for clunkers” programs, had a stabilizing effect. A series of new projects made it possible for Miba Sinter Group, with revenues of EUR 125.7 million (compared to EUR 135.4 million the previous year), to post a decrease of only seven percent, relatively low in industry comparison. Profitability increased thanks to the consistent implementation of measures introduced early to raise profitability despite declining revenue. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved from EUR 18.6 to 19.7 million. Also in this business area, investment activity focused on the sustainable development of technology leadership. More than half of the EUR 11.2 million in investments (compared to EUR 17.4 million the previous year) went to preparing the new sinter site in McConnelsville, Ohio. This site will open in June 2010. Technologically advanced, energyefficient components for engines and transmissions will be produced there in the future. 51
52 One of the world’s leading producers of hydraulic and vacuum pumps for the automotive industry, honored the Sinter Group for the second time in a row in 2009 as the best supplier for sintered components. The deciding factors in this award were the high quality standard of Miba Sinter products, the low defect rate and reliable and timely delivery. Miba Sinter Group rises to the challenges Current business activities remain marked by a high level of planning uncertainty and order call-offs by customers on short notice. Although the international automotive markets began the new year with a slight increase in sales, the sustainability of this trend remains to be seen. For this reason the trend of the current year (especially the second half of the year) cannot be reliably estimated from the current perspective. Miba Sinter Group is meeting these challenges with competitive cost structures and highly qualified employees. 2009-2010 2008-2009 Sales in EUR million 125.7 135.4 Investments 11.2 17.4 Number of employees, yearly average 1,037 1,143
Page 1 and 2: Miba Annual Report 2009I10
Page 3 and 4: Key Figures 2009-2010 Income Statem
Page 5 and 6: 2 Miba 2015 Who we are: Miba is an
Page 7 and 8: 4 Ladies and Gentlemen, dear Shareh
Page 9 and 10: 6 7 Wolfgang Litzlbauer “Our succ
Page 11 and 12: Dr. Wolfgang Litzlbauer, CEO Miba B
Page 13 and 14: Dkfm. Dr. Wolfgang C. Berndt Indepe
Page 15 and 16: 14 The Miba Share The Miba share wa
Page 17 and 18: 16 Development of the Miba share du
Page 19 and 20: 18 in China and successful initiati
Page 21 and 22: 20 Sales volume according to market
Page 23 and 24: 22 In the 2009-2010 business year M
Page 25 and 26: 24 Changes in Corporate Structure T
Page 27 and 28: 26 Section 243a (5) UGB There are n
Page 29 and 30: 28 productivity improvement program
Page 31 and 32: 30 Overall risk The Miba Group’s
Page 33 and 34: 32 Organization of financial report
Page 35 and 36: 34 Sintered gears for fuel-efficien
Page 37 and 38: 36 Research & Development Miba cons
Page 39 and 40: 38 Manager development Miba Leaders
Page 41 and 42: 40 Employees Our success as a compa
Page 43 and 44: 42 Safety - Quality - Behavior Miba
Page 45 and 46: 44 Corporate Social Responsibility
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Page 49 and 50: 48 Miba Bearing Group In the past b
Page 51: 50 Encouraging development in the F
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Page 62 and 63: Rule 18 Internal auditing Internal
Page 64 and 65: Dr. Wolfgang Litzlbauer, born in 19
Page 66 and 67: Wilfried Heinzel AG, Zellstoff Pöl
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Page 90 and 91: age for the (preliminary) retiremen
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Contract manufacturing TEUR For all
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new share buyback plan for 20,000 p
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(22) Interest-bearing liabilities T
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(26) Current portion of interest-be
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Cash and cash equivalents, trade re
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Financial assets evaluated at fair
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Derivatives and Hedging Derivatives
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On the assets side, an interest rat
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Sensitivity analysis for interest r
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(32) Events after the balance sheet
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Expenditures for severance payments
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(36) Earnings per share According t
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M i b a A k t i e n g e s e l l s c
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2010, as well as the Group’s fina
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Accumulated Depreciation Net value
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Accumulated Depreciation Net value
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Other Consolidation Total Group 200
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Direct and indirect equity Type of
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ABM Advanced Bearing Materials Miba
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www.miba.com
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