Hexagon Composites — Earnings Release 2016

Oct 5, 2016

xperion Energy & Environment | Pro-forma financials

Pro-forma income statement		FY 2015	H1 2016
Sales	EURk	38 963	17 852
EBITDA (adjusted)	"	5 236	739
EBITDA (reported)	"	2 048	109
Depreciation & amortization	"	-1 320	-496
EBIT	"	728	-387
Net financials	"	-672	-292
Extra-ordinary items	"	70	-
EBT	"	126	-679
Taxes	"	483	-13
Net profit	"	609	-692

Pro-forma balance sheet		Dec-15	Jun-16
Intangible assets	EURk	36	26
Tangible assets	"	5 990	6 208
Total non-current assets	"	6 026	6 234
Inventory	"	3 775	6 594
Trade receivables	"	2 808	4 302
Other assets	"	122	159
Cash & cash equivalents	"	6 235	348
Deferred tax assets	"	1 250	1 229
Total non-current assets	"	14 190	12 632
Total assets	"	20 216	18 866
Total equity	EURk	-358	-1 064
Payables to associated companies	"	8 235	9 258
Financial leasing	"	1 118	948
Other loans	"	1 164	1 437
Total non-current liabilities	"	10 517	11 643
Trade payables	"	5 009	3 649
Provisions	"	4 290	3 976
Other liabilities	"	499	403
Tax provisions	"	259	259
Total current liabilities	"	10 057	8 287
Total equity & liabilities	"	20 216	18 866

Note: Separate financial reporting for the years 2013 and 2014 on the same carved-out basis is not available due to complexity reasons.