Masterflex SE — Earnings Release 2017

Nov 6, 2017

At a glance

Technology leader for high-tech hoses and connection systems

• 1987 established in Germany/Ruhr region
• 13 sites in Europe, North & South America and Asia
• Award-winning leader in technology for hoses
• Sustainable good EBIT margin
• Since 2000 listed in the Prime Standard segment
• 42% freefloat, more than 58% with 6 major shareholders (thereof a good 5% to the Executive Board)

Financial Figures – Sales Trend

Consolidated Turnover

€ million

Stronge growth in first 9 months

• Plus in revenue of 12.7% to € 57.6 m (p.y. +4.2%)
• thereof by acquisition APT: 8.0%
• thereof by organical growth: 4.7%
• Good business at nearly all of our sites

Financial Figures – Operational Results

Profitability improved Cost of materials ratio: 32.7% (p.y. 31.3%) Staff cost ratio: 37.0% (p.y. 38.2%) EBIT margin: 10.1% (p.y. 9.5%) Sligth shift of cost ratios caused by APT Group EBIT & EBIT Margin € million 6.1 6.3 4.9 6.1 5.8 10.6% 10.1% 7.6% 9.2% 10.1% 2013 2014 2015 2016 2017 - III

Financial Figures – Results

Outlook

Forecast for 2017

• Growth of revenue between 6% and 10% ( → turnover: between € 70.5 million til € 73.2 million)
• EBIT margin above 10% ( → EBIT more than € 7 million)
• After Q3/2017: outlook confirmed

Future dividend strategy

• Continuity: at least equivalent to the amount paid at previous year
• Appropriate dividend in line with the requirements of the company's growth

The Market for Hoses

• Total market volume: € 21 billion (Europe, Americas, Asia)
• Market for special hoses: € 2 billion
• Our long-term goal: € 200 million
• Our solutions: Durable connections for transport of gases, fluids and solids under special requirements
• Consultation driven sale and development work

Masterflex Group products – a one stop shop

Data: ProdCom/Eurostat; own survey

Our extended product portfolio

Brand	Product	Materials	Market Participants
		PU, PVC, textiles	Schauenburg, Norres, Merlett
		VMQ (silikone), CMS (Hypalon®)	Hutchinson, MST, Flexfab
		PU, PVC, PA, PE	Modenplast, Medi-Line, Raumedic
		PC ABS, PVC	Borla, Promepla
		PU, PVC, metals	Hi-tech Duravent, Flexaust, Kanaflex
		FEP, PFA, PTFE	Optinova, Saint Gobain

© Masterflex SE 9

Our customer sectors

Our refined strategy

Our Shareholders

Division of the subscribed capital of 9.8 million shares

• Free flow (41.8%)
• SVB GmbH & Co. KG/ Family Schmidt (17.6%)
• Stichting Administratiekantoor Monolith (13.1%)
• J.F. Müller & Sohn (11.9%)
• BBC GmbH/ Dr. Bastin, Becks (5.6%)
• Reinhart Zech/ Grondbach GmbH (5.6%)
• Families Bischoping (3.0%)
• Treasury shares (1.4%)

Annex

Financial calendar 2017/2018

27th March	Financial Press Conference, Annual Report
31th March	DFVAAnalysts conference
5th May	Release for Q1/2017
27th June	AGM, Gelsenkirchen
7th August	Half Year Report 2017
6th November	Release for Q3/2017
27th til 28th November	Gernan Equity Forum
29th March 2018	Financial Press Conference for FY 2017
Contact – ir@masterflexgroup.com
CFO	Mark Becks
IR	Dr. Annette Littmann

The Masterflex Group

Organisation chart of the Group

Annex – Corporate Bodies of Masterflex SE

Executive Board

CEO

Mark Becks CFO

Supervisory Board

Chairman

Dr. Gerson Link Deputy Chairman

Annex – Disclaimer

This report contains forward-looking statements regarding future developments which are based on current assessments and planning of the management. Such forwardlooking statements are characterised by words such as "expect", "would", "up to", "possible", "anticipate" and similar expressions. These statements are subject to risks and uncertainties. Should one of these factors of uncertainty or other imponderables occur or should the assumptions underlying the statements prove to be incorrect, the actual developments could differ significantly from the possible developments specified or implied in these statements. The Company does not intend to and assumes no obligation to update forward-looking statements on an ongoing basis, as these statements are based exclusively on the circumstances at the date of their publication.

Picture credits: All pictures © Masterflex SE except

• Slide 2 © Handelsblatt-Verlag, www.top-100
• Slide 7 © psdesign1–Fotolia.com
• Slide 8 © zoja-Fotolia.com
• Slide 10 Automotive: © Nataliya Hora–Fotolia.com, Rail industry © Petair–Fotolia.com,

Aviation: © arquiplay77–Fotolia.com , Renewable energy: © F.Schmidt–Fotolia.com