Wacker Neuson Group`s formulas for success
Transcription
Wacker Neuson Group`s formulas for success
Image brochure 2015 Wacker Neuson Group’s formulas for success At a glance Wacker Neuson can trace its roots back to 1848, when Johann Christian Wacker founded a blacksmith’s shop in the city of Dresden. In 1930, we registered our first patent for an electric rammer designed to compact soil. Today, the Wacker Neuson Group has over 400 patents and utility models. Weidemann GmbH joined the Group in 2005, adding compact equipment for the agricultural industry to our portfolio. Following this, the Group became a German stock corporation (Aktiengesellschaft). Since May 2007, the company is listed on the stock exchange. In the same year, Wacker Construction Equipment AG merged with the Austrian company Neuson Kramer Baumaschinen AG, which was itself the result of a 2001 merger between Neuson Baumaschinen GmbH and Kramer-Werke GmbH. Sixty-seven percent of our SDAX-listed shares are owned by the Wacker and Neunteufel families. Hans Neunteufel is Chairman of the Supervisory Board and Cem Peksaglam is Chairman of the Executive Board. We are a leading manufacturer of light and compact equipment across the globe. We are a leading manufacturer of light and compact equipment across the globe. Revenue trends 2010 – 2014 in € million Revenue growth (absolute) since 2010 + 70 % 1.284 1.092 992 1.160 + 11% + 6% + 10% + 31% 758 2010 2011 2012 2013 2014 We are a leading manufacturer of light and compact equipment across the globe. Our history We are a leading manufacturer of light and compact equipment across the globe. Services: Repairs, maintenance and spare parts Rental in selected European markets Leasing, fi nancing, hire-purchase Mobile services Workshops and training courses at the Wacker Neuson Academy www.wackerneusongroup.com Compact equipment: Track excavators, mobile excavators Wheel loaders Telescopic handlers Skid steer loaders Four-wheel and track dumpers Our products are used across a wide range of industries such as construction, agriculture, gardening, landscaping, rail track construction, municipal services and industry. The Group is headquartered in Munich and has more than 50 subsidiaries, over 140 sales and service stations and a global network of over 12,000 dealers the world over. The Wacker Neuson Group employs around 4,500 people and currently has more than 120 trainees in Germany alone. Our production and development sites are located in Germany, Austria, the US, the Philippines and Serbia. In 2014, Wacker Neuson generated revenue of around EUR 1.28 billion. Thanks to our strong financial position, market reach and strategic focus, we are ideally placed to capitalize on further sustainable growth. www.wackerneusongroup.com Light equipment: Concrete technology Compaction Worksite technology About the Group www.wackerneusongroup.com Business segments www.wackerneusongroup.com The Wacker Neuson Group develops, manufactures and distributes light and compact equipment the world over. As a global market leader, the Group offers innovative products under the Wacker Neuson, Kramer and Weidemann brands. The group complements this product offering with a broad portfolio of services. 1 Welcome! Dear ladies, gentlemen and friends of the Wacker Neuson Group, Creating something of lasting value is always a source of pride. The Group’s long tradition and countless innovations have changed the way our customers work, build and transport goods – the world over. We channel our vast experience into every one of our products. From compaction and demolition equipment, through compact excavators and wheel loaders to pumps, generators and light towers, our extensive portfolio of products and services makes us the partner of choice for professional users across the globe. Cem Peksaglam CEO We have remained true to our roots as a family-run business to this day, guided by clear values that place our customers at the heart of everything we do. Our customers rely on the quality and innovative technology in our light and compact equipment as well as our uncompromising commitment to first-class service. Moving forward, we will continue to inspire our customers. Wacker Neuson SE We will do this by building on our strengths and developing new competencies. Rising to the challenges of our time, our vision focuses on extending our international reach and shortening our innovation cycles. Ultimately, the ability to identify trends early on, maintain extremely flexible organizational structures and motivate our people provides a solid foundation of trust in the future longterm success of the company. Welcome to Wacker Neuson. Best regards, Cem Peksaglam 2 Eight-ton Wacker Neuson excavator. 3 Core market: agriculture Strong Group brands Rising global demand for food, fodder, biofuels and other renewable raw materials are increasing the degree of specialization among agricultural holdings. Farmyard work must be completed as efficiently as possible on holdings of all sizes. This efficiency trend is fueling demand for machinery and specifically for WEIDEMANN- and KRAMER-brand equipment. The Weidemann portfolio includes articulated and compact Hoftracs®, wheel loaders, telescopic handlers, all-wheel drive telescopic handlers and an extensive range of attachments. In central Europe, Weidemann is one of the leading manufacturers of equipment for agriculture. www.weidemann.de Our all-wheel drive wheel loaders, tele wheel loaders and telescopic handlers are developed specifically to meet the needs of users. Kramer equipment is in everyday use on many agricultural holdings. Wheel loaders and tele wheel loaders are used for a variety of tasks, including harvesting, storage, livestock feeding and much more. The standard hydraulic quick-hitch system makes these loaders an extremely flexible option. www.kramer.de Versatile deployment spectrum Property development Infrastructure (road and bridge construction) Stable management Renovation/redevelopment Light equipment weighing up to 3 tons and compact equipment weighing up to 14 tons: Our diverse portfolio and customer base enable us to maximize synergies across industries and product segments. Livestock management Cargo handling and port logistics Gardening and landscaping Demolition Maintenance/repairs Industry, e.g. recycling Residential construction Oil and gas (energy sector) Events Municipal services Selling everything from electric breakers to 14-ton excavators, more and more dealers around the world are signing exclusive distribution agreements for our products. The dynamic nature Today, our commitment to quality, expertise and flexibility is more important than of our business ever and will enable us to open up new demands stability opportunities for our sales affiliates and absorb fluctuations in different industries. These success factors give us a stable foundation for future growth. Wacker Neuson offers an exceptionally broad product portfolio of light and compact equipment, backed by a global service network. In recent years, we have achieved growth in all business segments. We capitalized even further on synergies, successfully harnessing our existing light equipment sales network to distribute our compact offering in Central Europe and beyond. The construction industry is subject to various cycles, which in turn are dependent on factors such as public spending. Stability hinges on diversification and the ability to spread risks across industries beyond construction. Today, a significant share of our revenue stems from industries other than construction – such as landscaping, gardening and agriculture. In a highly volatile landscape, our targeted diversification strategy and use of synergies across business segments have a stabilizing effect on the Wacker Neuson Group and – even more importantly – open up global growth opportunities. Our product philosophy: PROCESS KNOW-HOW By combining concrete, compaction and worksite products with compact equipment and end-to-end services, the Wacker Neuson Group supports and optimizes its customers’ daily work. The Group is market leader in many product areas. LIGHT EQUIPMENT Selection CONCRETE TECHNOLOGY Internal vibrators External vibrators Converters Trowels Rebar technology COMPACTION Rammers Vibratory plates Remote control compaction equipment Rollers WORKSITE TECHNOLOGY Cut-off saws Pumps Gasoline breakers Generators Floor saws Lighting sytems Electric breakers Hydronic heaters COMPACT EQUIPMENT SERVICES Selection USED EQUIPMENT1 EXCAVATORS Compact excavators Zero-tail excavators Mobile excavators DUMPERS PARTS EXCHANGE Track dumpers Four-wheel dumpers Four-wheel dumpers with cabs REPAIR & MAINTENANCE1 SKID STEER LOADERS Skid steer loaders Skid steer loaders Track skid steer loaders RENTAL SERVICE1 WHEEL LOADERS All-wheel-drive wheel loaders All-wheel-drive tele wheel loaders Articulated wheel loaders Hoftracs® models and All-wheel-drive wheel loaders for the wheel loaders for the agricultural industry agricultural industry FINANCING TELESCOPIC HANDLERS Compact telescopic handlers Telescopic handlers Telescopic handlers for the agricultural industry Telescopic handlers for the agricultural industry 1 in selected countries. Example: The “one-man hole” – utility work in confined spaces* 1 The construction team starts work. First of all, a floor saw is used to make incisions in the asphalt or concrete surface. 2 The hard surface can then be broken up piece by piece using a breaker. 3 A powerful compact excavator breaks down the chunks of asphalt and stone further and removes them from the site. 9 The wheel loader ensures that the trench is evenly filled. 8 Rammers are also the perfect tool for densely compacting the subsequent layers of backfill material. 10 The sandy surface is thoroughly compacted and smoothed with a vibratory plate to prevent the earth from subsequently subsiding. 11 A skid steer loader transports hot asphalt to the site and distributes it evenly over the dense, sandy surface. * “One-man holes” may be the smallest sites in underground construction, but they are dug thousands of times each year. With an average size of around 1x2 meters, these trenches provide just enough space for one person to work below ground level on utility connections such as electricity and telephone lines or gas and water pipes. UP T 15 GR O OU PROD UCTS P ON A SI CONS NGLE TRUC T SITE ION 4 Now the real excavation work gets underway. A dumper removes the excavation material from the site. 5 A supply pipe has been damaged. The construction site is drained using an electric pump, driven by a generator if a power connection is not available. 7 Vibratory rammers are ideal for compacting material around the lower section of the repaired pipe, ensuring it is firmly positioned. 6 A telescopic handler lifts the damaged pipe from the trench, allowing it to be repaired. 12 The asphalt/vibratory plate is then deployed to compact and create a smooth surface. 13 As night falls, a powerful light tower allows construction work to continue. 14 A wheel loader equipped with a flexible broom attachment then clears the finished asphalt, leaving behind a clean surface. To fuel steady growth, we have identified further potential for synergies in our sales organization. Here our focus lies on increasing our presence in core markets, using our international sales channels more intensively for the compact equipment business and proactively leveraging cross-selling opportunities across our product segments. We tailor our products to the needs of various industries in order to diversify risks more effectively and absorb economic fluctuations in specific industries. We are ideally positioned to achieve these goals. Revenue 2014 as a % 32 47 21 Light equipment Compact equipment Services 64 15 21 Construction and other industries Agriculture Services Total revenue: EUR 1.28 billion A well-balanced revenue mix puts the company in a strong position with light and compact equipment accounting for 32 and 47 percent respectively and services at a stable 21 percent. In 2014, the agricultural sector already accounted for 15 percent of Group revenue. The lion’s share of revenue (over 64 percent) no longer stems exclusively from the construction industry but is diversified across various sectors including gardening, landscaping, energy and recycling. 4 Utility products in action (pump and generator) together with compact equipment (excavator, skid steer loader). 5 Global presence Our global sales organization guarantees professional, all-round support for our customers at local level. 60 0 sales and service stations in Germany Norton Shores, US Pfullendorf, Germany Korbach, Germany Munich, Germany Menomonee Falls, US Reichertshofen, Germany • Group headquarters • 140 sales and service stations • Production sites Kragujevac, Serbia Hörsching, Austria Manila, Philippines Wacker Neuson’s sophisticated logistics concept for new equipment and spare parts means customers get what they need – when they need it. Wacker Neuson: Partner of choice for customers the world over “We also use light equipment from Wacker Neuson in our country, in particular vibratory plates and rammers. It’s the quality that sets them apart from other brands.” “We work with Wacker Neuson products every day. The outstanding innovations in user safety enable my colleagues and me to get the job done quickly and reliably.” “I’ve been using Wacker Neuson products for many years now. I’m really impressed with their long lifespans. For me, there is simply no other choice.” “We experience huge temperature differences in our country – but with our durable Wacker Neuson equipment, we always get the job done.” “The outstanding reliability and quality of Wacker Neuson products are important for me. They make even the hardest of jobs fun.” “We’ve been using light equipment from Wacker Neuson in highway construction every day for five years now. They enable us to deliver high-quality results every time. Rapid customer service rounds the package off perfectly – we’ll be staying with Wacker Neuson.” Revenue trends in the services segment in € million (as a % of total revenue) 2010 2011 2012 2013 2014 192 (25%) 216 (22%) 239 (22%) Our services segment perfectly rounds off our extensive product portfolio. We continually expand the scope of our offering and the services we provide at regional level. The services segment boasts steady growth rates, accounting for around one fifth of our total revenue. All of our activities and measures are geared toward gaining and retaining the no. 1 ranking among our customers. 249 (2 (21%) 2 273 (21%) If equipment on a construction site breaks down, it brings work to a halt. This costs time, raises stress levels and – if it leads to delays – can also be very expensive. Today, customers are looking for more than just reliProven brands and able product quality. Rapid, easily accustomer loyalty are cessible repair and maintenance service key success factors is becoming an increasingly important criteria in the purchase decision. Our proven brands and the customer loyalty they inspire are key success factors for Wacker Neuson. We keep a close eye on changing customer expectations in order to identify and meet evolving demands for speed, precision, continuity of operations and efficiency. Our name has been a by-word for outstanding product and service quality for generations. It is this uncompromising approach to quality that makes Wacker Neuson, Weidemann and Kramer such world-renowned, highly valued brands. Our brands promise consistently high standards of quality. Our customers find the premium solutions they need at all 140 stations in our own global sales and service network, as well as at the 12,000 stations run by our sales and service partners. Our efficient logistics concept enables us to deliver spare parts rapidly, for example within 24 hours inside of Europe. Our extensive portfolio of repair and maintenance services plus our wide-ranging training program guarantee optimum customer support. Smart financing options, a large rental fleet in Central Europe and our used equipment offering round out our services. Overview of our service offering* Insurance Financing Spare parts Wacker Neuson Club Used equipment Academy Rental Repair and maintenance Fleet management with telematics * In selected countries. AROUND THE WORLD Global distribution via affiliates plus own stations and partners for sales and services. Canada Toronto US Menomonee Falls US Menomonee Falls US Norton Shores The Netherlands Ammersfoort UK London France Paris Spain Madrid Mexico Mexico City European affiliates, sales and service stations Colombia Bogota Affiliates Sales and service stations Peru Lima Brazil Juniai (near São Paulo) Chile Santiago de Chile Headquarters of Wacker Neuson SE (holding company) Affiliates Associated companies Germany Munich Germany Reichertshofen Germany (Weidemann) Korbach Germany (Kramer) Pfullendorf Production sites Reichertshofen, Korbach, Pfullendorf (Germany), Linz/ Hörsching (Austria), Kragujevac (Serbia), Menomonee Falls, Norton Shores (US), Manila (Philippines) Production Site Affiliate Headquarters Sales China Site Norway Oslo Denmark Karlslunde Sweden Malmö Russia Moscow Poland Warsaw Czech Republic Prague Hungary Budapest China Shanghai Turkey Istanbul China Shenzhen Serbia Kragujevac China Hong Kong Philippines Manila Austria Vienna Thailand Bangkok Austria Linz/Hörsching Italy Bologna Singapore Singapore Switzerland Zurich South Africa Johannesburg India Bangalore Australia Melbourne We see every sale of a new machine as the start of a long-term business relationship. To provide the best possible service experience, we optimize every interface between Wacker Neuson and our customers. We continually improve the order process, user training, maintenance agreements, the repair workflow and the return of used equipment. Everything we do is aimed at securing our status as the partner of choice among our customers – long term. Which is why we are upping our investments in international expansion and our global sales and service network. Our brand strategy The Group serves a number of different industries, distributing its products and services under the three separate brands, namely Wacker Neuson, Kramer and Weidemann, serving a number of branches. Construction industry, gardening and landscaping, municipal bodies, recycling, rail track construction, rescue services, energy sector, etc. Agricultural industry, equine industry, municipal bodies, tree nurseries 6 Wacker Neuson employees, US. 7 Corporate culture of a family-owned company Corporate values We increased headcount over the past few years as a result of the company’s strong performance. Johannes Schulze Vohren, Sales, US Marina Brzović, Human Resource Marketing, Munich Franz Hörtenhuber, Project Manager, Austria We can trace our roots back Looking within company walls, more than 165 years to the performance and character th “What we want to achieve” mid-19 century, are defining values where our story for both our embegan with a ployees and our blacksmith’s shop. organization as a Innovation Quality The customer is whole. These valCustomer at the heart of our ues are part of our value wheel. Qualcompany DNA, Character Performance ity and innovation uniting employees are an integral part and management of our corporate alike. They steer identity. Our cusour success and “How we will achieve it” Our value wheel tomers experience shape the way we these values directly through do business both within and our products and services. beyond the company. Our Vision We have set ourselves ambitious goals for the coming years. We will focus above all on sustainable growth rather than short-term profit. Demand for light and compact equipment is rising, fueled primarily by global trends such as the world’s growing population, increased demand for food, and global infrastructure and urbanization projects. These developments offer enormous potential for us to expand our business in industrialized and emerging economies alike. With our “GIPI” vision, we will continue to focus on the four pillars of Growth, Internationalization, Professionalization and Integration in the future. 1. Growth 2. Internationalization We aim for profitable growth and healthy return on capital employed. We do not believe in revenue growth at any cost. We want to establish our company as a global player with a strong position in our target markets. To achieve this, we employ qualified people whose diverse cultural backgrounds are an invaluable asset to our company. 3. Professionalization We strive for excellence in everything we do. 4. Integration Our company is the result of mergers between various family-run enterprises – each with a unique corporate culture. We have set down our values in writing and live by them. We actively integrate all of our companies into the Group and will continue to do so in the future. Our employees and managers are the key to our success. The way we behave, do business and interact with stakeholders plays a huge role in shaping our corOur values are at the heart of porate image. Shared values underlie everything we do and everything we do and every shape our attitudes, convictions decision we make and beliefs. Our values are at the heart of everything we do and every decision we make. The passion and commitment of our people helps us move a step closer to our goals every day. Our company is geared toward sustainable growth and continuity. This strategy has been confirmed in recent years through our above-average participation in the global economic recovery. In recent years, we have proven that we can manage this dynamic growth while generating profit. Enduring values are at the heart of everything we do and every decision we make, with strong roots stretching back to a mid-19th century blacksmith’s workshop. The customer is placed at the heart of our value wheel. Quality and innovation are an integral part of our corporate identity. Customers experience these values directly through our products and services, in their dealings with us and through our corporate identity. Our corporate philosophy is built on our performance and character – in other words the very essence of our employees and organization as a whole. 1930: Wacker introduces the world’s first electric rammer. 1933: Kramer is the first company to switch to diesel motors in its tractors. 1984: Neuson launches the first hydraulic mini excavator. We are in a strong position and will continue to follow our growth strategy and the principles that have shaped the way we do business thus far. In all of our future undertakings, we will maintain our streamlined structures and efficient processes. These include direct customer contact, flat hierarchical structures and low administrative overhead. The real secret of our success, however, is our employees. Their commitment and ideas drive our growth. And they will enable us to make the most of our strengths in the future. Our company is therefore firmly positioned on the path to success, powered by robust financials and assets. Expanding our Group-wide sustainability management system Key aspects of our sustainability strategy Waste and wastewater Energy and emissions Product stewardship Environmental protection Occupational health and safety Compliance Education and training programs Supply chain sustainability More Information: www.wackerneusongroup.com/en/sustainability The ability to harmonize social, ecological and financial goals is a key success factor for longterm growth. For us, this means stepping up to our responsibilities – towards the environment and society as a whole. Our sustainability strategy provides us with a global framework to achieve this. We are currently developing a professional sustainability management system, which will allow us to assess the impact of our value-added process on the environment and build on these insights to develop appropriate resource-efficiency measures. Our mission is to continue to deliver the same high-quality, reliable, innovative products and services that add value to society. 8 Weidemann GmbH production facility for compact equipment, Korbach, Germany. 9 Our ECO products* As a company, we are responsible for protecting our environment and resources. At the same time, our customers are paying more and more attention to the economic efficiency and environmental friendliness of the products they use. With our ECO seal, we want to highlight products that create added value for customers and prove just how well environmental protection and cost efficiency can go hand in hand. *Selection EH 75 and EH 100 electric rammers: The EH 75 and EH 100 electric rammers drastically cut fuel consumption while delivering the same power as significantly heavier jackhammers. Vertical Digging System (VDS) for compact excavators: VDS compensates for slopes of up to 27 % at the touch of a button, making excavators more efficient and easier to operate. WL20e electric wheel loader: This zero-emissions powerhouse has a battery life of up to five hours and delivers the same high performance as the conventional WL20 model. DPU 130 vibratory plate: The DPU 130 can be operated at a safe distance via infrared remote control. AS50 battery-powered rammer: The first battery-powered rammer on the market protects operators and the environment by completely eliminating harmful emissions. 803 dual power excavator with HPU 8 electrohydraulic generator: Operators can bypass the standard diesel engine and connect to the electric HPU8 generator for zero-emissions operations. Megatrends fuel demand for our products 2050: Global population expected to exceed 9 billion by 2050 1 Over two-thirds of the world’s population live in cities in billion 2010 6.9 7.7 2020 2030 8.3 8.9 2040 9.3 2050 The global population is expected to exceed 9.3 billion in 40 years, a rise of over 33 percent compared with today’s figure. It is a trend that will fuel demand for living space. Ongoing urbanization will see two out of three people living in cities, or even megacities with populations in excess of several million in the future. This will result in investments in infrastructure projects including roads, airports and rail networks, utility services (energy, waste and water), public buildings such as schools, universities and hospitals, and telecommunication networks. This trend is undoubtedly linked to rising wealth in emerging markets and the need to draw level with more established economies. Urbanization Two-thirds of the world’s population will be living in cities2 as a % 2010 51 55 2020 2030 59 2040 63 2050 68 The agricultural sector is developing along similar lines. Global demand for foodstuffs and animal feed is on the increase and agricultural holdings are becoming larger. The need for cost efficiency is rising, as is the level of automation. Food and animal feed production 3 We believe that demand for compact, versatile products in the construction and agricultural industries is set to rise at a faster rate than the general market and are aligning our business segments with this expected trend. 2010 Grain production in billion tons 2.1 2050 3.1 Meat production in million tons 2010 2050 1 270 470 United Nations, World Population Prospects: The 2010 Revision. United Nations, World Urbanization Prospects: The 2009 Revision. 3 Food and Agriculture Organization of the United Nations (FAO): Agriculture World Census 2010. 2 Megatrends are extremely important for long-term corporate planning. High-growth countries are playing a key role here. China, in particular, is leading the way and is currently the largest construction equipment marChina is currently the largest construction ket in the world. equipment market in the world. Emerging H i g h g r o w t h rates are also markets are expected to be the most projected for dynamic growth drivers other emerging markets in regions such as South America, South-East Asia and Africa. However, there is also plenty of scope for sustainable growth in more established markets, especially for technology leaders. We have a global organization. Emerging markets account for a relatively low share of total revenue (one eighth). The Asia-Pacific region currently only accounts for around 3 percent of revenue. And so part of our strategy includes expanding our global footprint. To do this, we have to offer products tailored to specific market requirements. In China, we significantly expanded our Value Line portfolio in recent years. These products appeal specifically to price-sensitive customers. Innovative drive is the hallmark of our products. Over 365 registered patents and utility models as well as numerous acclaimed international prizes for innovation underscore our strong position here. Wacker Neuson Value Line products in action in China. Over the coming years, the Wacker Neuson Group’s strategy will focus on establishing and expanding sales and service structures in Europe and North America, as well as in emerging geographies such as South America and Asia. Proactively cross-selling our products across all business segments will enable us to leverage global sales synergies. This growth strategy is based on a strong foundation comprising our healthy financial position, innovative leadership and strong market position with a high level of brand awareness in our core markets. Strong company ethics as efficient basis for sustainable growth Only legally and ethically correct behavior ensures sustainable business success. The key to this sustainability lies in our corporate culture, which is characterized by our corporate values of innovation, quality, performance and character. The corporate value of character also includes the commitment to integrity and honesty as well as the commitment to consistent compliance with legal and regulatory requirements. Both our employees as well as our business partners adhere to this standard. Our goal is to efficiently utilize the global economic challenges in a value-oriented manner as an opportunity to solidify and further expand our successful market position together. The Wacker Neuson Group has created a code of conduct that contains the compliance policies of our company and the guidelines for behavior in day-to-day work. More information: www.wackerneuson.com/en/the-group/compliance 10 Contact /Publishing Details Contact Publishing details Wacker Neuson SE Issued by: Preussenstrasse 41 Wacker Neuson SE 80809 Munich, Germany June 2015 Phone +49 - (0)89 - 35 402 - 0 Fax +49 - (0)89 - 35 402 - 390 ir@wackerneuson.com www.wackerneusongroup.com Disclaimer This brochure contains forward-looking statements which are based on the current estimates and assumptions by the corporate management of Wacker Neuson SE. Forwardlooking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate and similar formulations. Such statements are not to be understood as in anyway guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Wacker Neuson SE and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside the Company’s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. The Company neither plans nor undertakes to update any forward-looking statements. At a glance Wacker Neuson can trace its roots back to 1848, when Johann Christian Wacker founded a blacksmith’s shop in the city of Dresden. In 1930, we registered our first patent for an electric rammer designed to compact soil. Today, the Wacker Neuson Group has over 400 patents and utility models. Weidemann GmbH joined the Group in 2005, adding compact equipment for the agricultural industry to our portfolio. Following this, the Group became a German stock corporation (Aktiengesellschaft). Since May 2007, the company is listed on the stock exchange. In the same year, Wacker Construction Equipment AG merged with the Austrian company Neuson Kramer Baumaschinen AG, which was itself the result of a 2001 merger between Neuson Baumaschinen GmbH and Kramer-Werke GmbH. Sixty-seven percent of our SDAX-listed shares are owned by the Wacker and Neunteufel families. Hans Neunteufel is Chairman of the Supervisory Board and Cem Peksaglam is Chairman of the Executive Board. We are a leading manufacturer of light and compact equipment across the globe. We are a leading manufacturer of light and compact equipment across the globe. Revenue trends 2010 – 2014 in € million Revenue growth (absolute) since 2010 + 70 % 1.284 1.092 992 1.160 + 11% + 6% + 10% + 31% 758 2010 2011 2012 2013 2014 We are a leading manufacturer of light and compact equipment across the globe. Our history We are a leading manufacturer of light and compact equipment across the globe. Services: Repairs, maintenance and spare parts Rental in selected European markets Leasing, fi nancing, hire-purchase Mobile services Workshops and training courses at the Wacker Neuson Academy www.wackerneusongroup.com Compact equipment: Track excavators, mobile excavators Wheel loaders Telescopic handlers Skid steer loaders Four-wheel and track dumpers Our products are used across a wide range of industries such as construction, agriculture, gardening, landscaping, rail track construction, municipal services and industry. The Group is headquartered in Munich and has more than 50 subsidiaries, over 140 sales and service stations and a global network of over 12,000 dealers the world over. The Wacker Neuson Group employs around 4,500 people and currently has more than 120 trainees in Germany alone. Our production and development sites are located in Germany, Austria, the US, the Philippines and Serbia. In 2014, Wacker Neuson generated revenue of around EUR 1.28 billion. Thanks to our strong financial position, market reach and strategic focus, we are ideally placed to capitalize on further sustainable growth. www.wackerneusongroup.com Light equipment: Concrete technology Compaction Worksite technology About the Group www.wackerneusongroup.com Business segments www.wackerneusongroup.com The Wacker Neuson Group develops, manufactures and distributes light and compact equipment the world over. As a global market leader, the Group offers innovative products under the Wacker Neuson, Kramer and Weidemann brands. The group complements this product offering with a broad portfolio of services. Image brochure 2015 Wacker Neuson Group’s formulas for success