DGAP-News: UNIWHEELS AG: ITF: UNIWHEELS AG INTENDS TO PROCEED WITH INITIAL PUBLIC OFFERING AND TO LIST SHARES ON WARSAW STOCK EXCHANGE (news with additional features)


DGAP-News: UNIWHEELS AG / Key word(s): IPO
UNIWHEELS AG: ITF: UNIWHEELS AG INTENDS TO PROCEED WITH INITIAL PUBLIC
OFFERING AND TO LIST SHARES ON WARSAW STOCK EXCHANGE (news with
additional features)

30.03.2015 / 08:30

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INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL
For immediate release

Bad Dürkheim, 30th March 2015: 

UNIWHEELS AG (the "UNIWHEELS" or the "Company" and together with its
subsidiaries the "Group" or the "UNIWHEELS Group"), one of Europe's largest
OEM wheel suppliers to the automotive industry and the leading European
manufacturer of aftermarket alloy wheels, announces today, that the Company
intends to proceed with a public offering and to apply for listing and
trading of the Company's shares on Warsaw Stock Exchange.

The Offering

The planned initial public offering will consist of up to 2,400,000 newly
issued shares by the Company, as well as of up to 2,400,000 shares offered
by the existing shareholder UNIWHEELS Holding (Malta) Ltd. (these values
are of indicative nature and the final structure of the offering may differ
depending on, among others, demand). Currently UNIWHEELS Holding (Malta)
Ltd. is the sole shareholder of the Company holding 10,000,000 shares
representing 100% of capital and 100% of voting rights. Mr Ralf Schmid who
is a founder and CEO of the Company holds 92% of voting rights and Mr
Michael Schmid holds 8% of voting rights in UNIWHEELS Holding (Malta) Ltd.

The offering will consist of a public offering to retail and institutional
investors in Poland and a private placement for institutional investors
outside the United States (excluding Poland) in reliance on Regulation S
under the U.S. Securities Act of 1933. There will be no public offering
outside of Poland. The Company plans to use the net proceeds of the
offering to partly finance construction of a new production plant in
Poland.

The offering is planned to be conducted in 2Q 2015, however the final
decision on the date of the offering will depend on market conditions. All
details of the offering will be available in the prospectus following
approval by the German Federal Financial Supervisory Authority (BaFin) and
passporting of the prospectus to the Polish Financial Supervisory Authority
(KNF).

Dom Maklerski mBanku S.A. is acting as Global Coordinator, Joint Bookrunner
and Joint Offering Agent, mCorporate Finance S.A. is acting as a Corporate
Finance Advisor, mBank S.A. is acting as Underwriter and Bank Zachodni WBK
S.A. is acting as a Joint Bookrunner, Joint Offering Agent and Underwriter.

 
About UNIWHEELS

The UNIWHEELS Group is one of Europe's largest OEM wheel suppliers to the
automotive industry and the leading European manufacturer of aftermarket
alloy wheels (well-known brands ATS, RIAL, ALUTEC and ANZIO). Currently,
the Group has three production plants, two of them are based in Poland
(Stalowa Wola), and one in Germany (Werdohl).

The UNIWHEELS Group is one of the leading suppliers of alloy wheels for
passenger cars in Europe and one of the few technology leaders in the
aluminium wheels business. The Company believes that in 2014 the Group was
the third largest alloy wheel producer in Europe in terms of revenues with
a market share of approximately 11% and the leader in the aftermarket
sector with a market share of approximately 13% in terms of volumes sold.
The Company believes that in 2013 the UNIWHEELS Group was the third largest
market player in the European OEM sector in terms of revenues from sale to
light weight car manufacturers in Europe.

In 2014, the UNIWHEELS Group sold 7.2 million wheels (an increase of 5.2%
over the previous year). The sales of wheels increased substantially both
in the automotive industry segment and in the accessory market segment.

In 2014, the UNIWHEELS Group delivered 5.8 million wheels to the OEM
(Original Equipment Manufacturer) customers - renowned car manufacturers
like Audi, BMW/MINI, Mercedes/AMG, Jaguar/Land Rover, PSA, Volvo and others
and 1.4 million of wheels to the aftermarket customers under the brands
ATS, RIAL, ALUTEC and ANZIO.

Two UNIWHEELS Group factories based in Stalowa Wola are responsible for
approx. 83% of the total Group production. In 2014 over 6 million wheels
were sold from Poland-based factories. UNIWHEELS Group employs over 1800
employees in Poland. The Group's German plant in Werdohl has approx. 370
employees and had an output of approx. 1.2 million high-end wheels sold in
2014.

The Company recently announced its plans of expanding its production in
Poland by building a third plant there, which allows to increase capacities
of the Polish factories by approx. 1.9 million wheels by the end of 2017.

 

UNIWHEELS Group financial results 2013-2014

(in EUR million unless otherwise stated, audited)  
        2014 2013 +/-
Revenue 362.6 337.2 +7.5%
Sales volume (million pieces) 7.2 6.9 +5.2%
Gross profit 146.7 128.3 +14%
EBITDA 46.8 38.3 +22%
EBITDA margin (% to total operating performance*) 12.6% 11.3% +1.3PP
EBIT 32.6 23.6 +38%
EBIT margin (% to total operating performance*) 8.8% 7.0% +1.8PP
Group consolidated profit 22.8 13.2 +73%
Personnel (# persons) 2,366 2,141 +10%
The audited consolidated financial statements have been prepared in
accordance with International Financial Reporting Standards as adopted by
the European Union ("IFRS")
* Total operating performance = revenue + changes in inventories of
finished and work in progress + own work capitalised

For more information please contact:

Oliver Madsen 
Head of Investor Relations 
o.madsen@de.uniwheels.com
UNIWHEELS AG
Gustav-Kirchhoff-Str. 10 
67098 Bad Dürkheim 
Germany 
www.uniwheels.com


Piotr Piotrowski 
Corporate Communications 
p.piotrowski@ccgroup.com.pl
CC Group sp. z o.o.
Tel (+48) 22 440 1 440, 697 613 010
 


This announcement is not an offer of securities for sale in Australia,
Canada, Japan or the United States. Securities may not be offered or sold
in the United States absent registration under the U.S. Securities Act of
1933, as amended (the "Securities Act") or an exemption from registration.
The securities referred to herein have not been and will not be registered
under the Securities Act. No public offering of the securities will be made
in the United States.

This announcement is for promotional purposes only and under no
circumstances shall constitute the basis for a decision to invest in the
shares of UNIWHEELS AG (the "Company"). The Company has submitted a
prospectus (the "Prospectus") prepared in connection with the public
offering and admission of the Company's shares to trading on the Warsaw
Stock Exchange ("WSE") for approval to Bundesanstalt für
Finanzdienstleistungsaufsicht ("BaFin"). Once approved by the BaFin, the
Prospectus will be the sole legally binding announcement containing
information on the Company and the offering of its shares in Poland (the
"IPO"). The Company will be authorized to carry out the IPO to the public
in Poland once the Prospectus has been approved by the BaFin, the German
Federal Financial Supervisory Authority, and once Komisja Nadzoru
Finansowego, the Polish Financial Supervisory Authority, has been notified
by BaFin of the approval of the Prospectus and has received a certificate
of the approval of the Prospectus along with a translation of its summary
into Polish language, and once the Company has made the prospectus publicly
available. For the purposes of the IPO and admission of the Company's
shares to trading on the WSE, the Company will make the Prospectus
available on the Company's website www.uniwheels.com
Statements contained herein may constitute "forward-looking statements".
Forward-looking statements are generally identifiable by the use of the
words "is likely to", "aim", "may", "will", "should", "plan", "expect",
"anticipate", "estimate", "believe", "intend", "project", "goal" or
"target" or the negative of these words or other variations on these words
or comparable terminology. Forward-looking statements involve a number of
known and unknown risks, uncertainties and other factors that could cause
the Company's or its industry's actual results, levels of activity,
performance or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or
implied by such forward-looking statements. The Company does not undertake
publicly to update or revise any forward-looking statement that may be made
herein, whether as a result of new information, future events or otherwise.

It may be unlawful to distribute this announcement in certain
jurisdictions. This announcement is not for distribution in Canada, Japan
or Australia. The information in this announcement does not constitute an
offer of securities for sale in Canada, Japan or Australia.

The Global Coordinator, Joint Bookrunners Joint Offering Agents or
Underwriters do not intend to disclose the extent of any individual
investments or transactions otherwise than in accordance with any legal or
regulatory obligations to do so. None of the Global Coordinator, Joint
Bookrunners, Joint Offering Agents or Underwriters or any of their
respective subsidiary undertakings, affiliates or any of their respective
directors, officers, employees, advisers, agents or any other person
accepts any responsibility or liability whatsoever for, or makes any
representation or warranty, express or implied, as to the truth, accuracy,
completeness or fairness of the information or opinions in this
announcement  or any other information relating to the Company, its
subsidiaries or associated companies, whether written, oral or in a visual
or electronic form, and howsoever transmitted or made available, or for any
loss howsoever arising from any use of this announcement or its contents or
otherwise arising in connection therewith.



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Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=KKDIVPJFBL
Document title: UNIWHEELS ITF

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30.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
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338853 30.03.2015