technotrans SE

Investor Presentation • May 24, 2024

Robin Schaede | CFO

Webcast 1st quarter 2024

POWER TO TRANSFORM - Michael Finger | CEO STRATEGY INTO RESULTS

Sassenberg 14 May 2024

Power to transform

Overview Focus markets Financials Strategy & Outlook

Power to transform

BUSINESS DEVELOPMENT

markets

Overview 1st quarter 2024

Power to transform

Overview Focus markets Financials Strategy & Outlook

OUR MARKETS

Focus on growth

PRINT Weak economy weighs on Print | Investment restraint in the run-up to drupa as expected | Recovery expected for 2 nd half year

PLASTICS

Investment restraint in large-scale refrigeration due to high interest rates | increasing momentum expected due to positive order intake

LASER

Particularly strong economic and cyclical effects noticeable | Slight increase in order backlog indicates recovery in 2nd half year.

HEALTHCARE & ANALYTICS

1st quarter at planned level | stable 2nd quarter expected

Sales Q1 2024 19.4 m€ -14 %

Sales Q1 2024 12.5 m€ -22 %

Sales Q1 2024 10.0 m€ -39 %

Sales Q1 2024 3.5 m€ -21 %

OUR MARKETS

Focus on growth

ENERGY MANAGEMENT

Market development independent of the economic environment | Main drivers are datacenters and increasing electrification in rail and road transport

Sales Q1 2024 7.6 m€

+38 %

E-MOBILITY

Volume business in the area of Battery Thermal Management Systems (BTMS) | Close to concluding a first series order for e-buses

E-MOBILITY

Major order for ADS-TEC Energy charging stations | ChargePost fast-charging station | Follow-up order in the seven-figure euro range

DATACENTERS

Exponential growth expected | Liquid cooling becomes key function to support performance increase in data centers

Energy management drives growth!

→ Equipped for further growth with new location in Steinhagen

Artificial intelligence | Market size worldwide

Market size in million US dollars

*Forecast Source: statista

Liquid Cooling DATACENTER

Series-ready products for

• New Datacenters
• Conversion by retrofit

Power to transform

Overview Focus markets Financials Strategy & Outlook

Revenue & EBIT in Q1 impacted by economic downturn

• Decline in sales in all markets except Energy Management
• Economic headwinds lead to postponed customer orders

▪ Less favorable cost degression due to the decline in sales

1.1

2.0%

• One-off expenses for transformation of 0.7 million € in Q1
• Adjusted EBIT margin 2.0%

Segment Technology

• Decline in sales in Print, Plastics, Laser and Healthcare & Analytics due to weak economy in Germany.
• Energy Management as growth driver (+38% vs. Q1-2023).
• EBIT margin impacted by decline in sales.
• 0.3 million € restructuring costs included.
• Short-time work, cost cuts and postponed investment as stabilizing measures.

Segment Services

▪ General economic uncertainty results in customers' reluctance to invest in spare parts and repairs (especially in Print & Laser)

• EBIT margin down due to decline in sales, compensation measures initiated
• 0.4 million € restructuring costs included
• Adjusted EBIT margin 11.6%

ROCE and free cash flow

• ROCE down due to low EBIT and slight increase in working capital ahead of higher order volume
• Free cash flow: weak earnings performance and slight increase in inventories have a negative impact
• Improvement expected in course of the year

Earnings performance

• Gross margin falls by 0.8 percentage points due to weak sales performance, leading to unfavorable cost degression.
• EBITDA declined in line with the development of EBIT.
• Consequently, earnings per share down to € 0.01

Net assets

• Equity ratio improves to 56.9% balance sheet remains strong.
• Net debt increases due to negative cash flow, remaining on investment grade level.
• Solid balance sheet and free credit lines provide sufficient financial headroom.

Sales expected to gain momentum during the year

• Low point in sales in Q1-2024.
• Better sales performance expected in the upcoming quarters sales guidance for 2024 will be achieved.
• Energy Management, Plastics and Print as drivers for Q2-Q4.

ttSprint efficiency program progressing according to plan

• New organizational setup currently defined
• Cost optimizations and synergies identified
• First transformation measures implemented
• Restructuring expenses of EUR 0.7 million in Q1, additional one-off costs expected in 2024
• Details in Q2 webcast

Illustrative chart from Webcast Financial Year 2023

Power to transform

Overview Focus markets Financials Strategy & Outlook

POWER TO TRANSFORM

ttSprint: Organization of the new technotrans

*planned improvement in earnings

4 Divisions

✓ Full operational

responsibility

✓ Responsibility for

results

NEW ORGANIZATION

Decentral Organization with 4 Divisions

Accountability Transparency Speed

NEW ORGANIZATION

Introduction of a decentralized organization

Guidance 2024 - 2025 OUTLOOK

Successful in the long term

	2024e	2025e
Revenue (€ m)	245 – 270	265 - 285
EBIT-margin (%)	5.5 - 7.5	9.0 – 12.0*
ROCE (%)	14.0 – 16.0	> 15.0

Disclaimer

• This presentation contains statements on the future development of the technotrans Group.
• These reflect the current views of the management of technotrans SE and are based on the corresponding plans, estimates and expectations. We point out that the statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated.

CONTACT

Investor Relations

Frank Dernesch

Manager Investor Relations & Corporate Finance

Tel. +49 (0)2583 301-1868 Fax +49 (0)2583 301-1054 frank.dernesch@technotrans.de