First Sensor AG — Interim / Quarterly Report 2020

Aug 13, 2020

SENSING INNOVATIONS

6M INTERIM REPORT 2020 AUGUST 13, 2020

6M INTERIM REPORT 2020 Sales Moderately Impacted by Effects of Covid-19 Pandemic

Comments

Despite the effects on customers and supply chains largely stable business development in the first half with only minor sequential changes from Q1 to Q2 2020

Year-on-year decline in line with expectations following the Covid-19 pandemic

6M INTERIM REPORT 2020 Strong Variances in Target Markets

in € million

Comments

6M 2020 Industrial sales -9.6% YoY in line with general economic conditions

6M 2020 Medical sales +13.4% YoY; surge in demand for ventilators driven by the pandemic

6M 2020 Mobility sales

-13.9% YoY; sales reduction caused by corona-related production shut-downs by automotive manufacturers

6M INTERIM REPORT 2020 International Sales Also Influenced by Covid-19 Pandemic

6M INTERIM REPORT 2020 Sequential Improvement in Profitability

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Comments

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12,0 %

10,0 % Adjusted Q2 EBIT shows significant sequential improvement, margin amounts to 5.1%

Adjusted 6M EBIT margin reached 3.0%

Cost-cutting measures implemented in previous months are gradually taking effect

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6M INTERIM REPORT 2020 Balance Sheet Total Reduced by 4.7 Percent

Assets

Increased inventories and receivables due to effects of Covid-19 pandemic; additionally, cash reduction due to dividend payment and payments in connection with the business combination

Liabilities

Equity declined by 7.6% as a result of dividend payment and lower profitability

6M INTERIM REPORT 2020 Order Situation Comparatively Stable at Half-Year

Incoming orders totaled €75.1m for 6M 2020 (PY: €77.9m), book-to-bill ratio at 0.98 (PY: 0.96)

Backlog at €91.6 (PY: €94.2m); slightly more than half of this amount scheduled for 2020

First signs of a normalization of the business situation expected at the end of Q3 / beginning of Q4

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6M INTERIM REPORT 2020 Management Confirms Guidance 2020

*related to operating business and adjusted for transaction costs and provisions in connection with the planned business combination with TE Connectivity Sensors Germany Holding AG

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BUSINESS COMBINATION Integration Status With TE Connectivity Sensors Germany Holding AG

Date	Step
July 8, 2019	Publication of a voluntary public takeover offer by TE
December 10, 2019	Entry into negotiations on the conclusion of a domination and profit and loss transfer agreement (DPLTA)
March 12, 2020	Completion of the takeover offer: TE is new major shareholder with 71.87 percent of the share capital and voting rights
April 14, 2020	Conclusion of DPLTA
April 16, 2020	Annual General Meeting of TE approves DPLTA
April 30, 2020	First Sensor welcomes new shareholder representatives to the Supervisory Board
May 26, 2020	Annual General Meeting of First Sensor approves DPLTA
July 7, 2020	Commercial registry of DPLTA

SENSING INNOVATIONS

6M Interim Report 2020

August 13, 2020

First Sensor AG prepares its interim consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS). However, this report was not prepared in accordance with IAS 34 "Interim Financial Reporting" and has been neither audited nor subjected to any other formal audit examination. In addition to the key figures according to IFRS, key figures adjusted for transaction costs and provisions in connection with the planned combination with TE Connectivity Sensors Germany AG are shown for the presentation of earnings. In the presentation, rounding differences to the mathematically exact values may occur. This report contains statements of a predictive nature. All future-oriented specifications in this consolidated financial report were produced on the basis of a probability-based plan and represent statements regarding the future which cannot be guaranteed.

First Sensor AG, Investor Relations T +49 30 63 99 23 760 E ir@first-sensor.com