TRIMET SE – AT A GLANCE 2013/14 1 200 Years of Industry Experience TRIMET SE At a glance 2013/14 TRIMET SE – AT A GLANCE 2013/14 3 AT A GLANCE TRIMET SE GROUP IN € MILLION 2014 2013 2012 2011 2010 FINANCIAL PERFORMANCE Sales 1,276.4 1,201.6 1,342.9 1,419.5 872.5 EBITDA 74.7 * 44.1 –6.5 79.1 62.2 Depreciation 31.9 30.4 23.5 21.9 20.2 Interest result –8.1 –9.7 –8.9 –5.9 –2.6 Net income 32.3 * 3.2 –42.3 32.6 34.6 FINANCIAL POSITION Total assets 769.4 459.3 471.8 568.8 523.7 Shareholders’ equity 331.5 170.2 167.0 209.3 182.7 Ratio of equity to total assets in percent 43.1 37.1 35.4 36.8 34.9 Net debt to banks (–) Net receivables to banks (+) –48.3 –83.8 –96.7 –49.3 87.3 Capex 48.7 45.1 40.5 35.3 30.6 EMPLOYEES Employees at year end (number) 2,694 1,924 1,875 1,833 1,693 - thereof trainees (number) 135 113 110 108 96 Personnel expenses 120.4 95.3 90.0 89.5 81.5 * Including 21.5-million-euro consolidation effect of TRIMET France SAS (partial reversal of negative goodwill arising from consolidation pursuant to Article 301 Paragraph 3 German Commercial Code HGB) 4 TRIMET UNITES 200 YEARS OF INDUSTRY COMPETENCE LOCATIONS WITH LONG TRADITIONS IN METAL PROCESSING Where sophisticated aluminium die castings for the automotive, electrical, and mechanical engineering industries are manufactured today, a metal goods factory started up production in 1817. TRIMET’s Sömmerda location looks back on nearly 200 years of expertise in manufacturing innovative metal products. In 1907, the aluminium smelter in Saint-Jean-de-Maurienne was a pioneer in industrial metal extraction using fused-salt electrolysis. It subsequently set technological standards in aluminium production. The historical developments of TRIMET’s production plants are as varied as the application areas for aluminium. This experience, gained from the entire aluminium industry value chain, coupled with the customer focus, adaptability, and innovative spirit of a family-owned company, is the engine for our successful development. The cradle of today’s TRIMET Group is located in Düsseldorf behind this door TRIMET SE – AT A GLANCE 2013/14 5 TRIMET ESSEN 1966 Leichtmetall-Gesellschaft mbH (LMG) is founded 1995 TRIMET acquires 100% of the shares TRIMET HAMBURG 1969 Reynolds Aluminium Hamburg GmbH is founded 2006 TRIMET signs the purchase contract for the previously closed plant TRIMET GELSENKIRCHEN 1936 Plant founded by Hermann Jacobs, production of casting alloys and desoxaluminium 1993 TRIMET takes over the plant from the Sommer Group TRIMET HARZGERODE 1873 Founded as Eisenwerke L. Meyer jun. & Co., art castings for domestic use are produced here 2001 Acquisition by TRIMET TRIMET SÖMMERDA 1817 The Dreyse & Kornbiegel Metal Goods Factory is founded, invention and production of firing pins 2002 The factory is purchased by TRIMET AG Düsseldorf TRIMET VOERDE 1966 Kaiser and Preussag sign a contract on February 21 for the construction and operation of an aluminium smelter on the site in Voerde / Lower Rhine. 2014 TRIMET becomes the new owner of the plant TRIMET Castelsarrasin 1849 Plant is founded 2013 TRIMET acquires the plant from Rio Tinto Alcan TRIMET Saint-Jean-de-Maurienne 1907 The plant is founded in the French Alps 2013 TRIMET acquires the plant from Rio Tinto Alcan 6 FROM INTERIOR OUTFITTER TO ENGINE BUILDER TRIMET HARZGERODE: MORE THAN 140 YEARS OF EXPERIENCE Along with the Sömmerda location, the production plant in Harzgerode is the heart of TRIMET’s Automotive Division. Some 650 employees and more than 40 trainees provide automotive manufacturers and suppliers with sophisticated pressure and gravity die-casting products made of aluminium. The foundry, which has Europe’s most advanced gravity die-casting facility, manufactures a variety of different products, ranging from engine blocks and clutch and transmission housings to control and valve plates. Custom- ized materials are developed in the adjoining smelting laboratory. And the smelting and recycling plant supplies the foundry and its partners from the automotive industry with liquid metal from the recyclable resources process. The Harzgerode production plant has been part of the TRIMET family since 2001. However, its history goes back more than 140 years. It was founded in 1873 as “Eisenwerke L. Meyer jun. Co. Aktiengesellschaft” – and even then, it drew on centuries of experience in metal The monument of a “young processing. engineer” was erected in 1931 to celebrate the 75th anniversary of VDI in Alexisbad. After World War Metal processing follows mining II, the statue was first placed in storage, before coming to Düsseldorf in 1981 on the occa- Metal processing in Harzgerode and its environs originated in ore mining. The Harz sion of the association’s 150th anniversary. Today, it stands in the area is Europe’s oldest mining region. The earliest traces of mining date back to courtyard of VDI’s main office in Düsseldorf. the Bronze Age, 3,000 years ago. In the third century, metal ores were extracted in the Harz region through surface mining before being smelted. Mining experienced its first heyday at the time of the Ottonian and Salian emperors in the tenth and eleventh centuries. In his Saxon Chronicle, the monk Widukind of Corvey reported in the year 968 that Emperor Otto was tapping the Harz Mountains for ore veins. Otto and his successors made the Harz foreland the center and starting point of their empire. Silver mining formed the basis of its economy. Mining and process- ing silver, copper, and iron ores shaped not only the economy, but also the early phase of industrialization in the Harz region, which became a center of attraction in the world of science, technology, and inventions. Alfred Nobel conducted explosive experiments with dynamite in the Harz region. The Mining Superintendent Julius Albert developed wire rope in Clausthal. And James Watt, the inventor of the steam engine, traveled to the Harz area in search of inspiration. Even Goethe’s famous Harz Journey in Winter sprang from an “unpoetic” source. As a minister in Weimar, the poet was also responsible for mining in the duchy, and traveled to the Harz region to gain information on the state of the art. TRIMET SE – AT A GLANCE 2013/14 7 Ore was also mined in the immediate vicinity of Harzgerode. Mining was first of- ficially mentioned in a document dating back to 1300. Otto I, Prince of Anhalt- Aschersleben, granted three monasteries in the region the right to mine for ore. After ore mining had come to a virtual standstill in the late Middle Ages, the rulers of the 16th century provided incentives for its revival. The right to mine was proclaimed in 1538 in Harzgerode. This enabled entrepreneurs to mine for mineral resources, even if they didn’t own the land on which the mine was operated. 8 Why VDI was founded in Harzgerode Milestones in the industrial history of the Harzgerode region A century later, enterprises of the metallurgic sector were estab- 1300: Prince Otto I grants mining rights to three monasteries in the region – the first lished in Harzgerode, and have continued their work right up to documented evidence of mining in the present day. In 1693, a silver smelting works was inaugurat- Harzgerode ed. It gave what was to become the town of Harzgerode its name 1538: Right to mine proclaimed to revitalize the local mining and was run up until 1909. The ironworks founded by Frederick, 1646: Construction of an ironworks in Selke- Prince of Anhalt-Bernburg-Harzgerode, in 1646, in today’s district tal – the origin of Mägdesprung district 1693: Founding of a silver smelting works, of Mägdesprung proved to be more durable and, above all, influ- which lent its name to the current district ential. “Mägdesprung bar iron” manufactured here was a highly 1856: Founding of the Association of Ger- man Engineers in Alexisbad sought-after product in the 18th century, used for the production 1873: Founding of the “Eisenwerk L. Meyer of horseshoes and cart wheels, among other things. jun. & Co.,” the origin of TRIMET’s Harzgerode plant today 1936: Founding of the “Mitteldeutsche In the 19th century, the ironworks was expanded with a machine Leichtmetallwerke” 1960: The plants in Sömmerda and factory as well as a workshop for manufacturing special metal- Harzgerode are consolidated into the “VEB working machinery. The head of the ironworks, Carl Bischof, was a Druckguss- und Kolbenwerke,” becoming the pioneer of metal casting technology. He made a name for himself key piston manufacturer of the GDR 1993: Privatization of the formerly in the professional world with groundbreaking scientific research state-owned operation and inventions in furnace technology. Bischof was also an honorary 2001: TRIMET takes over the plants in Harzgerode and Sömmerda member of a student association that sought the input of engineers and practitioners. Thus, the idea of founding an engineering asso- ciation came into being. Bischof suggested Alexisbad, now a Harzgerode district, as the location for the inaugural meeting. There, the Association of German Engineers (VDI) was founded on May 12, 1856. Today, VDI is the largest engineering associa- tion in the world, with more than 150,000 members. Carl Bischof’s machine factory also impressed Lipmann Meyer, who traded in sheet metal goods in Harzgerode at the time. In 1873, Meyer founded “Eisenwerke L. Meyer jun. Co. Aktiengesellschaft” and had a cupola furnace built – the origin of TRIMET’s Harzgerode plant today. The company initially produced art castings for domestic use, for items such as chandeliers, table lamps, and hanging lamps.