va-Q-tec AG

Investor Presentation • May 23, 2017

va-Q-tec – Always the right temperature Company presentation

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Key Investment Highlights

Leading technological innovator First class thermal insulation technology platform

Significant growth opportunity in multiple end markets Disruptive product portfolio opening numerous potential applications

Control of the critical steps of the value chain Selective vertical integration to secure technology and cost advantage

Market leading healthcare logistics services Superior service offering for the high growth healthcare market

Strong financial track record Dynamic growth trajectory and sustained profitability

Experienced management team with clear strategic vision Significant scientific and operational experience

Mission statement

– alwaysthe righttemperature.

va-Q-tec at a glance

Note: (1) Excl. building applications, (2) Based on customer feedback from shipments made by our customers in our products; (3) as of 31/12/2016 Source: luxresearch (2015)

Pioneering the evolution in vacuum thermal insulation

We have taken the mastery of best physical insulation to the next level

Notes: (1) Compared to insulation materials like mineral wool or aged PU foam in a range from 5x-15x

Notes: (1) Compared to insulation materials like mineral wool or aged PU foam in a range from 5x-15x (2) PCMs store energy 10x more efficiently at a given temperature compared to thermal energy storage with pure liquid water Sources: (1, 2) BINE Informationsmanagement

Key drivers defining our context

c.60% of primary energy consumption in Germany is used for thermal purposes Thermal energy efficiency By 2020, 27 of the top 50 best-selling global drug products will Product safety and regulation

require 2-8°C cold-chain storage and handling

Increasing globalization and outsourcing of clinical research and manufacturing creates huge requirements for efficient pharma cold chain packaging

Source: AG Energiebilanzen e.V., IMARC (2015)

Our products, systems and services are tailored to markets which require excellent

thermal insulation and have space restrictions

Selective coverage of critical parts of the value chain

va-Q-tec's geographic footprint as the step stone for global expansion

va-Q-tec's healthcare logistics service offering

va-Q-tec UK Ltd. (Container rental)

Massive revenue growth 2013-2016

Global container rental

• Launched in 2011
• 1 st passive, reusable fleet in the market combining price advantage with superior performance
• Global transportation of bulk goods for commercial distribution and clinical trials
• 23 network stations and >500 drop points via airline partnerships

Fulfillment centers and logistics partners

Box rental

Continental box rental

• Kicked off in 2015, pioneering box rental services for pharma and biotech customers
• Continental / Regional distribution
• Clinical trials logistics for Clinical Research Organisations
• Distribution of commercial goods
• Last-mile shipments from wholesalers to pharmacies
• Massive growth potential in next 4 years

Current situation and va-Q-tec's solution Key highlights of Swiss post partnership

• In 06/2015 Switzerland one of the major pharma manufacturer countries – adopted Good Distribution Practices (GDP) for pharma logistics and manufacturing
• So far, Swiss Post lacked a GDP-compliant solution for pharma shipments in the ambient temperature range
• Swiss Post selected an advanced thermobox branded "ThermoCare Ambient" based on vQt's va-Q-med® technology for last mile distribution

ThermoCare Box

• One of the largest single orders in va-Q-tec's history
• va-Q-tec to supply multi-use thermal box fleet
• va-Q-tec to provide services for preconditioning, processing and dispatching of boxes in Switzerland, initially out of Swiss post's parcel center in Härkingen
• Foundation laid for strategic partnership between va-Qtec and Swiss Post for temperature-controlled logistics in Swiss market

va-Q-tec's operations in Härkingen, CH

Gross profit

Adj. EBITDA(1)

Notes: EBITDA and EBIT adjusted for non-recurring items, namely one-off cost associated with the offering like accrued IPO compensation in the form of employee stock options (worth €168k) and issuance costs (2016: €1.57m, 2015: €0,06m)