Schaltbau Holding AG: Schaltbau closes Bubenzer deal as scheduled

CORPORATE NEWS
Issued by Schaltbau Holding AG, Munich, Germany
German SIN 717030 – ISIN DE0007170300

Schaltbau closes Bubenzer deal as scheduled

• Bridge financing redeemed prior to maturity
• Pintsch Bubenzer sold as previously announced

Munich (Germany), 1 March 2018. Following the successful completion of its multiple times oversubscribed capital increase, Schaltbau Holding AG paid back a bridge financing and further financial liabilities totalling around EUR 32.5 million, already a couple of days prior to maturity. Also, as expected, Schaltbau received the announced cash inflow from the scheduled sale of Pintsch Bubenzer in the amount of around EUR 30 million.

Since the beginning of 2017, the management team of Schaltbau has been driving a comprehensive restructuring and repositioning programme for the Group. In order to gain financial headroom, in the beginning of 2018 a capital increase was completed with great success, resulting in net cash inflows of around EUR 46 million. Since 19 February 2018, a total of 2,242,420 new shares of Schaltbau Holding AG can be traded on-exchange.

In addition to the newly gained equity capital, Schaltbau now has available the cash inflow from the completed sale of the non-core Pintsch Bubenzer business. Also, the Company possesses more than EUR 16 million from a capital increase carried out in the spring of 2017, funds which so far had been held on a separate bank account. With the bridge financing already redeemed, the management team can now draw on extensive liquid funds and thus further substantially improve the financing situation of the Group.

Schaltbau holds leading market positions in its core businesses, which are strengthened further by the management team under the current restructuring programme. Profitable and sustainably successful business activities will continue to be pursued, with improved efficiency. At the same time, the high degree of complexity seen so far at Schaltbau Group will be lowered, and the Company will become more competitive.

2017 Group earnings reported by Schaltbau will be impacted significantly by negative special effects driven by the impairment taken on the valuation of Sepsa, as already announced in November. On the basis of stabilised order backlog, the management team strives for better operational earnings in the financial year 2018 compared to the previous year.

Contact
Wolfgang Güssgen
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstrasse 5
81829 Munich
Germany
P +49 89 93005-209
guessgen@schaltbau.de
www.schaltbau.com

About Schaltbau
With annual sales of over EUR 500 million and more than 3,000 employees, the Schaltbau Group is a leading supplier of components and systems in the field of transportation technology and the capital goods industry. The companies of the Schaltbau Group supply complete level crossing systems, train formation and signal technology, door and boarding systems for buses, trains and commercial vehicles, sanitary systems and interior fittings for railway vehicles, and also high- and low-voltage components for rolling stock as well as for other fields of application. Its innovative and future-oriented products make Schaltbau a key industrial business partner, particularly in the field of transportation technology.

Disclaimer
This announcement contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of Schaltbau Holding AG and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described herein due to factors affecting Schaltbau Holding AG such as, among other things, changes in the general economic and competitive environment, capital market risks, currency exchange rate fluctuations and competition from other companies, and changes in international and national laws and regulations, in particular with respect to tax laws and regulations. Schaltbau Holding AG does not assume any obligation to update any forward-looking statements.