technotrans SE

Investor Presentation • May 7, 2021

power to transform

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	. Meeting 2021 __ May 7, 2021

technotrans today

50 years - A good foundation to build on

• Leading products and technologies for cooling & temperature control solutions
• In-depth knowledge of various markets/industries
• High customer satisfaction & loyalty
• Broad customer base

This has been our basis for success and will continue to be pillars for our future profitable growth.

Solid results in a challenging year

		Results 2020	Forecast 1 March 10, 2020 (withdrawn on April 30, 2020 due to COVID-19)		Forecast 2 November 10, 2020
Revenue	Mio. $\in$	190.5	$204 - 214$	-	185
EBIT	Mio. $\in$	6.8	$6.0 - 10.7$		$4.6 - 5.6$
EBIT Magin	%	3.6	$3.0 - 5.0$	$\checkmark$	$2.5 - 3.0$
Equity Ratio	$\%$	53.6	> 50		> 50
Free Cashflow	Mio. $\in$	3.9	positive		positive

• Profitability maintained despite structural costs $\overline{\phantom{m}}$
• With the exception of group sales, even the withdrawn forecast No. 1 was achieved $\overline{\phantom{m}}$

Key Figures 2020

€ 190.5 $m$ Technology $\in$ 137.7 m Services € 52.8 $m$	$\epsilon$ 6.8 m Technology $\epsilon$ –0.2 m Services $\epsilon$ 7.0 m (adjusted: $\in$ 9.4 m)	3.6 % Technology $-0.1%$ Services 13.2 % $4.9\%$ (adjusted: EBIT margin	€ 0.72 / (previus year: $\in$ 0.88) $\epsilon$ 0.36 EPS/dividend
Revenue 53.6 % (previus year: 51.4 %)	EBIT $\epsilon$ 21.5 m (previus year: $\in$ 24.2 m)	$\epsilon$ 3.9 m (previus year: $\in$ 7.6 m)	proposal 2020 1,409 (previus year: 1,474)
Equity ratio	Net debt	Free Cashflow	Employees as per Dec. 31, 2020

Revenue and EBIT

Adjusted EBIT margin above prior-year figure generated

• Consolidated sales of €190.5 million only 8.4% below prioryear figure
• Fourth quarter of 2020 significantly better than expected
• Operating result (EBIT) at $\epsilon$ 6.8 million (previous year: $\epsilon$ 8.3 million)
• EBIT margin at 3.6 % (previous year: 4.0 %)
• The decline in earnings is due to the Corona effect and the following non-recurring effects:
• $\rightarrow$ structural costs: $\in$ 3.2 million $>$ income: $€0.6$ million
• EBIT adjusted at $\epsilon$ 9.4 million (previous year: $\epsilon$ 9.7 million)
• Adjusted EBIT margin of 4.9% above the adjusted EBIT margin of 4.7% in the previous year

Financial year 2020 Balance Sheet ratios

Equity / Equity ratio on a solid base

Investment & Depreciation

• The financial situation of the technotrans group remained solid and ordered even during the Corona crisis.
• Despite the new building, the production facility in Holzwickede, the balance sheet total increased only moderately by 1.4 % to $\in$ 148.1 million (previous year: $\in$ 146.0 million).

Financial year 2020 Financial position

Operating cash flow impacted by lower net profit for the year

Financial liabilities & cash equivalents show solid financial position

Net working capital ratio slightly above 20 % target

Free cash flow remains positive despite Corona

All figures in€ million unless otherwise stated

Segment Technology

EBIT 2019/2020 by quarters

• Sales in the Technology segment of $\epsilon$ 137.7 million (previous year: €148.4 million)

• Due to strong sales in the fourth quarter, only 7.2% below previous year level

• Segment EBIT of €-0.2 million almost at previous year's level (€+0.05 million) despite lower sales

• Segment return at -0.1% (previous year: 0.0%)
• Adjusted for non-recurring effects of €2.0 million, $\qquad \qquad$ segment EBIT reached €1.8 million. Profitability was at 1.3 %.

All figures in€ million unless otherwise stated

Segment Services

Revenue 2019/2020 by quarters

• Segment sales of €52.8 million (previous year: €59.5 million)
• Decrease of 11.4% compared to the previous year, $\overline{\phantom{m}}$ caused by Corona-related travel restrictions.
• Segment EBIT of €7.0 million robust as expected (PY: €8.3 million)
• Segment profitability at 13.2 % (previous year: 13.9 %)
• Adjusted for non-recurring items ( $\epsilon$ 0.6 million), the segment's $\overline{\phantom{m}}$ EBIT margin remained at the previous year's level of 14.4%.

All figures in€ million unless otherwise stated

Management Summary

Key figures 1. Quarter 2021

$\epsilon$ 52.8 m $+1.3%$ Technology € 38.9 $m$ € 13.9 $m$ Services Revenue	$\epsilon$ 2.9 m $+63%$ Technology $\in$ 0.8 m Services $\epsilon$ 2.1m EBIT	5.4% (p.y 3.4 %) Technology 2.1% Services 14.9% EBIT margin	$\in 0.27$ $+67%$ Earnings per share
51.9% (Dec 31, 2020: 53.6 %)	$\epsilon$ 17.1 m $-21%$	$\epsilon$ 4.9 m $> +100%$	1,410 $-3%$
Equity ratio	Net debt	Free cash flow	Employees at Dec 31, 2020

technotrans^•

Dynamic target markets

Plastics

New generation of temperature control units hit the market

High demand from film extrusion

Healthcare & Analytics

• Strong start in Healthcare & Analytics
• Sustained high demand for baggage scanner cooling

Energy Management Increasing demand for BTMS (Battery Thermal Management Systems)
Laser & Machine Tools Focus on special requirements is bearing fruit Markets for standard lasers remain competitive
Print Revenue still below previous year

First signs of improvement are visible

Technical Documentation

moderate growth in evidence

$++$

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Performance

Solid share price performance

Date: May 3, 2021

Share Price:	$\epsilon$ 27.00
Market cap:	$\in$ 186.5 Mio.

Performance since January 2021:

Share Price:1	$+8.0\%$
Market cap:	$+$ $\in$ 13.8 Mio

• магкет сар:

Current Analyst Recommendations:

- Bandwidth:	$\epsilon$ 31.00 - 32.00
- Recommendation:	$2x$ buy / 1x hold

Dividend proposal to the Annual General Meeting on May 7, 2021:

$\epsilon$ 0.36

≈50 % of the net consolidated profit of the group

Sales success

Business Sector Highlights 2020

It's time to transform

The world is changing we're also changing.

Automation & Robotics

New Work

Digitalisation

Data Security

Electrification

Urbanisation

Individualisation

Sustainability

Covid-19

Focus on key markets

Bubble size = planned revenue m $\in$ 2025 * Incl. Pharma, Chemistry/Biology ** E-mobility rail & road, charging stations, data centres

Future Ready 2025:

$2021 - 2022$ Phase I: Stability & Profitability $2023 - 2025$ Phase II: Profitable growth & Investment

• Continuation of the initiated change process based on existing core competencies
• Merger of individual group companies
• Use of group-wide synergy effects through central control of the functional areas
• Strengthening technotrans as one brand

Accelerated growth based on:

• Focus on key markets (Plastics, Print, Energy Management, Healthcare & Analytics)
• New technologies
• International business expansion

Outlook

Medium-term planning 2025

Our Vision: If there is a challenge in the field of thermal management, we develop and build the better solution.

Consolidation of group companies

Consolidation in terms of:

• organisational merging to increase efficiency
• market focus, through technological and sales competence for our customers

Consolidation of group companies

Profit and growth potential		gds	gwk & Reisner technotrans SE & klh termotek
			Bubble size = revenue in $m \in$
	2020	Time	2025

Company	Markets
ttSE/KLH	Print, Energy Managment, Laser & Machine Tools
gwk/Reisner	Plastics
termotek	Healthcare & Analytics, Laser & Machine Tools (small size)
gds	Technical Documentation

How will technotrans look in the future? One brand for all.

What we care about

ESG criteria	We preserve and promote	Our Targets/KPIs
1. Electricity	Continuous expansion of electricity purchasing and/or production from renewable resources	share 2025: 100 % "green power"
2. Fleet consumption	Reducing consumption of fuel	5% p.a. reduction
3. Diversity	Continuously uphold a share of female/divers employees group-wide	min. 20 %
4. Personnel development	Increase expenses for personnel development	5% p.a. increase
5. Packaging waste reduction	Increase recycling quota of packaging material	share 2025: 100 %

Sustainability

New building Holzwickede

Basic information:

• Property area: approx. 9000 m²
• Office space: 900 m² (expandable)
• Production space 2000 m² (expandable)
• Energy standard: KfW-55
• Construction time: 9 months
• Commissioning: Feb 2, 2021
• Investment volume: approx. € 5.5 m

Time has core to focus the wer to transfolda

technotrans"

power to transform

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	Simulational
	Annual General
	. Meeting 2021 __ May 7, 2021
	THANK YOU FOR YOUR PARTICIPATION!
					the control of the control
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