Mutares SE Deep Dive | Inside Mutares’ 2025 Roadmap

Mutares SE Deep Dive: Key Takeaways🧩 Segment-by-Segment Strategic Outlook1. Automotive & MobilityFocus on consolidation and exit readiness for two major portfolio groups. Selected expansion will occur only where highly accretive. The segment remains a major revenue contributor (~€2.8 billion annualized).2. Engineering & TechnologyDescribed by Laumann as benefiting from the “Trump effect”, this segment rides the wave of infrastructure and energy capex, including investments in both traditional and renewable energy sectors. Exposure to high-demand fields like defense, chemicals, and logistics positions Mutares for deep value creation here.3. Infrastructure & Special IndustryDubbed the “home run” segment, this unit has proven resilient and profitable, especially through recent geopolitical shifts. With growing demand for logistics and defense equipment, Mutares is expanding its industrial presence in this vertical, with about €1.4 billion in annualized revenue across 7 companies.4. Goods & ServicesThis segment is viewed as non-cyclical and plannable, delivering recurring revenues from industrial services. The team continues to scale existing operations, dominate niche markets, and consolidate fragmented sub-sectors across Europe.🌍 Global Reach & Portfolio DiversificationWith offices in Tokyo, Shanghai, Mumbai, Chicago, and Helsinki, Mutares now boasts over 35 companies across 4 continents, creating a balanced and diversified platform. Annualized group revenue is now over €7 billion, and the firm’s average holding period of 3–5 years allows for deep operational turnaround and exit readiness.Mutares follows an active ownership model focused on: - Deep operational engagement - Cost transformation and synergy creation - Exit multiple enhancement (ROIC target of 7–10x)💰 Capital Structure & Dividend PolicyMutares offers investors access to the private equity space through: - An attractive dividend strategy: €2.00 base dividend plus performance dividend - Listed bonds maturing in 2027 and 2029 - A goal to grow market cap to €1 billion - A long-term net income target of €200 millionThe company also pursues sustainable management practices, operating as a family- and owner-managed enterprise, with strong alignment between management and shareholders.✅ Key Takeaways - €130–160 million net income targeted for 2025 - €6.5–7.5 billion in group revenue guidance - Over €200 million in exit proceeds expected - Expansion in North America and Asia - New growth from infrastructure, defense, chemicals, and logistics - Strategic consolidation in Automotive & Mobility - Mutares aims for €10 billion in revenues and €200 million in profitLaumann concluded by reiterating Mutares’ unwavering commitment to growth, value creation, and a shareholder-aligned model. With its buy-build-exit approach and sector-diversified structure, Mutares is positioning itself as a global leader in special situations and distressed carve-outs, ensuring a secure and prosperous future for all stakeholders.▶️ Other videos: Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/ Company Presentation: https://seat11a.com/investor-relations-company-presentation/ Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/ Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ ESG Presentation: https://seat11a.com/investor-relations-esg/ T&C This publication is intended solely for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions as outlined on www.seat11a.com/legal and www.seat11a.com/imprint.