Cherry AG

Investor Presentation • Aug 16, 2021

ANALYST PRESENTATION

H1 2021 – INVESTOR & ANALYST CONFERENCE CALL

DRAFT V6

Analyst Presentation – 3 May 2021 August 16, 2021

TODAY'S PRESENTERS

Rolf Unterberger - CEO

Bernd Wagner - CFO & COO

CHERRY AT A GLANCE

OUR BUSINESS UNITS H1 2021

(1) Under the premise that, during the portion of fiscal year 2021 remaining as of June 30, 2021, the Company´s business will not be negatively affected by an economic downturn, shortage of supplies or other unforeseeable impacts and events.

OUR GROUP STRATEGY

BRAND RECOGNITION

Innovative Leadership

• New products
• New technology

Retain Premium Position

• Through continued quality leadership

Organic Growth

Geographic Expansion

• Geographic expansion: Asia (Japan, Indonesia, Malaysia)
• Europe (Nordic & CEE)

• Complement product portfolio
• Complement know how / skills
• Regional presence

Inorganic Growth

PERFORMANCE H1 2021 OVERVIEW

ORGANIC SALES GROWTH IN LINE WITH AMBITIOUS PLANS FOR 2021

H1 2021 was marked by the successful IPO and implementation of the growth strategy for dynamic organic growth at 34.4% yoy.

Corporate Transactions, loan repayments and IFRS-required accounting caused high non-recurrent one-off effects

IN EUR MILLION	H1 2021	H1 2020
Revenue	80.3	59.8
EBITDA adj.	24.3	15.8
EBITDA	18.9	15.7
EBITDA Margin adj.	30.2%	26.4%
EBITDA Margin	23.5%	26.2%
EBIT adj.	17.0	10.9
EBIT	11.7	10.7
EBIT Margin adj.	21.2%	18.2%
EBIT Margin	14.5%	18.0%

REVENUE GROWTH

Growing continuously and at pace

REVENUE GROWTH AT 34.4% YOY IN H1 2021

Traditionally, the second half year is slightly stronger in revenue.

Revenue growth is expected to continue H2 2021 in line with the guidance given for full year 2021 (+30-40 % yoy)

ADJUSTED PERFORMANCE MEASURES

H1 2021 was marked by high non-recurrent one-off effects

IN KEUR	H1 2021	H1 2020
Consolidated profit/loss	-2,539	8,575
+ Income taxes	824	1,857
- Financial result	13,401	302
EBIT	11,686	10,734
+/- Staff expenses (incl. share-based staff expenses) / (income)	3,659	-
+ Expenses in connection with capital market transactions	988	-
+ Expenses in connection with M&A transactions	777	20
+ Expenses in connection with natural disaster and pandemic	12	-
+ Other one-off cost	-87	102
Total operating result adjustments	5,349	122
Adjusted EBIT	17,035	10,856

IN KEUR	H1 2021	H1 2020
Adjusted EBIT	17,035	10,856
+ Depreciation and amortization	7,217	4,938
Adjusted EBITDA	24,252	15,794
EBIT	11,686	10,734
+ Depreciation and amortization	7,217	4,938
EBITDA	18,903	15,672
Consolidated profit/loss	-2,539	8,575
+/- Total operating result adjustments	5,349	122
+/- Financial cost for early loan repayment (cash)	7,784	-
+/- Financial cost for early loan repayment (non-cash / effective interest method)	2,123	-
Tax effects on adjustments*	-1,777	-35
Adjusted consolidated profit/loss	10,940	8,662

YOUR QUESTIONS

Rolf Unterberger - CEO

Bernd Wagner