UNIWHEELS Group publishes preliminary financial results

In 2011, UNIWHEELS was again able to show significant growth rates. The renowned manufacturer of high quality alloy wheels strengthens its market position both in the business with automotive manufacturers and in the accessories sector.

Group turnover up 18% to ca. € 345 mio.

Bad Dürkheim, 14th February 2012: With Group revenues of around € 345 mio, a plus of 18% year on year (2010: € 293 mio), the UNIWHEELS Group showed stronger growth rates than market average in 2011, according to preliminary evaluations. The amount of units sold also increased by 18% to just below 7 million wheels per year. This was due to a continuing positive development both in the accessories business with the own wheel brands ATS, RIAL, ALUTEC and ANZIO, and the activities with the original equipment manufacturing (OEM) sector, resulting in full capacity utilisations in all the Group’s locations.

The Group also recorded an all-time high regarding its development contracts for upcoming wheel projects in the automotive industry which provides a sound basis for further growth in this segment. Rolf Graf, Chairman of the Managing Board, comments: “For several consecutive years we have now been successful in generating high growth rates that were significantly above the average market development. Thus, UNIWHEELS has strengthened and expanded its world-wide market position in both the accessories business and the OEM business.”

The operating EBITDA margin (before extraordinary effects) for fiscal year 2011 amounted to approximately 9%, after UNIWHEELS has made significant investments in its sales channels abroad as well as in new innovative business segments, e. g. the entry in the forged wheel technology. Overall, the Group still aims at sustainably stabilising the operating EBITDA margin at around 10%. The Group’s EBITDA was affected by some extraordinary effects, including the costs of the corporate bond issue as well as non-cash effective provisions for contingent losses related to currency hedging transactions which were concluded for the Group’s Polish locations, some of which will mature only in 2013. Due to the counter-development in the EUR/PLN exchange rate since the beginning of 2012, the major part of these provisions may already be reversed by the end of January.

The net finance result is additionally affected by costs and expenses related to the refinancing of the syndicated credit facility which has already been addressed in the previous reporting.

For fiscal year 2012, UNIWHEELS expects further growth both in sales units and revenues, as the company is still recording a strong order backlog for wheel deliveries to the OEMs and the demand for wheel products of the Group’s brands ATS, RIAL, ALUTEC and ANZIO is continuing to increase. Thus, for fiscal year 2012, the Group aims at revenues of approximately € 400 mio.

In April 2011, UNIHWEELS Holding (Germany) GmbH (issuer) issued a corporate bond with an annual coupon of 7.5% (WKN A1KQ36) in the Bondm trading segment of the Stuttgart Stock Exchange. The bond is guaranteed by Rasch Holding Ltd. (guarantor) which acts as the parent company of the UNIWHEELS Group. For further information, including the half yearly report for the first half of 2011, please refer to www.uniwheelsbond.com. The publication of the UNIWHEELS consolidated yearly financial statements as well as the audited company financial statements of the issuer is planned for April 2012.

About us:

The UNIWHEELS Group is a leading European manufacturer of alloy wheels in the accessories market as well as one of the largest wheel manufacturers in the automotive industry. In addition, the group also equips professional motorsport series with high-tech wheels.

For more than 40 years, the company has been producing high-quality aluminium wheels using the low-pressure casting technique.

With the global brands of ATS, RIAL, ALUTEC and ANZIO, UNIWHEELS possesses comprehensive knowledge in the accessories market and technical expertise as an original equipment manufacturer in the automotive industry. Furthermore, with its wide range of brands, the UNIWHEELS Group offers wheels for all target groups, from premium to economy.

With the global brands of ATS, RIAL, ALUTEC and ANZIO, UNIWHEELS possesses comprehensive knowledge in the accessories market and technical expertise as an original equipment manufacturer in the automotive industry. Furthermore, with its wide range of brands, the UNIWHEELS Group offers wheels for all target groups, from premium to economy.


Disclaimer
This press release does not represent an offer to purchase or subscribe securities of the UNIWHEELS Group, neither does it represent a request for submission of an offer to obtain such securities. The purchase of or subscription to partial debentures of UNIWHEELS Holding (Germany) GmbH is carried out solely on the basis of the prospectus approved by the German Federal Financial Supervisory Authority. The approved prospectus is available free of charge from the company website at www.uniwheelsbond.com and from UNIWHEELS Holding (Germany) GmbH, Bruchstr. 34, 67098 Bad Dürkheim, Germany.