Masterflex SE — Investor Presentation 2023

Aug 9, 2023

Earnings-Call-Presentation HY/2023

09 August 2023

01 _ Overview

02 _ Key Figures HY/2023 03 _ Outlook 2023 04 _ Appendix

AGENDA

Highlights in HY/2023

01

Slight improvement of operative Group-EBIT by 1.2% to EUR 6.8 million (HY/2022: EUR 6.7 million)

03

02

Group equity increases by 4.0% to EUR 54.1 million (31.12.2022: EUR 52.0 million) despite economic headwinds

Page 04

Revenue increase by 7.3% to EUR 52.7 million despite declining economic momentum (HY/2022: EUR 49.1 million)

The second edition of the HERO@ZERO programme for the future is an important factor in the growth strategy

04

Partnership with Remondis for the joint development of business models for the circular economy

Solid demand dynamics in the aerospace, life science, semiconductor and medical technology sectors

06

05

07 Operative EBIT-Margin at 12.9% (HY/2022: 13.6%) despite special effects at subsidiary APT (EUR 0.9 million) that reduced earnings

02 KEY FIGURES

Key Figures in HY/2023

Page

06

§ Revenue increases by 7.3% in the first six months due to volume increases and price effects despite noticeably declining economic dynamics

§ EBITDA grows by 2.7% to EUR 9.4 million

§ Group operating EBIT slightly improved by 1.2% - one-time effects at APT amounting to EUR 0.9 million counteracted positive volume and price effects

§ Group result of EUR 4.3 million 8.5% below the previous year's value due to one-off effects (APT) and higher financing costs due to rising interest rates

in EUR million	HY/2023	HY/2022	Change
Revenue	52.7	49.1	+7.3%
EBITDA	9.4	7.1	+2.7%
EBIT (operative)	6.8	6.7	+1.2%
Group Result	4.3	4.7	-8.5%
EPS (in EUR)	0.44	0.49	-10.2%

Revenue increase in HY 2023

-

-

Rising Group Equity in HY/2023

Page 07

§ Group equity increases by EUR 2.1 million to EUR 54.1 million (31.12.2022: EUR 52.0 million) due to positive earnings situation

§ Decrease in cash and cash equivalents as at 31.06.2023 to EUR 5.0 million (31.12.2022: EUR 9.6 million) - reflects working capital build-up, payments of management bonuses, bonuses, insurance premiums and, in particular, dividends of EUR 1.9

§ Increase in cash flow to EUR 1.2 million as of 31.06.2023 (Q2/2022: EUR 1.0 million)

§ Earnings per share decrease by 10.2% to EUR 0.44 (previous year: EUR 0.49) due to one-time effect

Equity Ration increases further

Group Equity and Equity Ratio in EUR million

30,0

34,0

38,0

42,0

46,0

50,0

54,0

58,0

62,0

Group Equity Equity Ratio

Masterflex-Share EPS and Dividend

Montega Research 09.05.2023 BUY – EUR 16.00

SMC Research 05.07.2023 BUY – EUR 14.20

Metzler 21.03.2023 BUY – EUR 12.50

Dividend/EPS

in EUR

Share price development from January 2023 to June 2023 in EUR (on Xetra basis)

Outlook 2023

Page 10

Positive price effects in the second half of the year due to subsequent price adjustments at individual subsidiaries with a corresponding effect on revenue and results

Stable growth in business thanks to broad industry expertise

Solid order backlog and robust order intake currently around 6.6% above the weekly average of the first half of the year

For 2023: continued growth in revenue to EUR 103 million to EUR 110 million expected (2022: EUR 100.3 million )

Operating EBIT to increase to between EUR 11 million and EUR million in 2023 (2022: EUR 11.4 million) - Stabilisation and further expansion of the yield level achieved

Recessionary trends in traditional customer industries are (over)compensated by medical technology, food & pharma, semiconductor technology and aviation

No cost -burdening special effects as expected at APT in the 2nd half -year

Continuous and sustainable implementation of further measures to increase efficiency

Outlook Mid-term Forecast

Page 11

"The corporate phase ahead of us is marked by growth."

§ Increasing digitalisation and further internationalisation, coupled with a mix of organic and inorganic growth, form the strategic basis for long-term growth

EUR 200 million by 2030 - focus shifted towards organic growth thanks to robust

• § Further increase in profitability thanks to the use of economies of scale
• § Additional leverage through organic growth and acquisitions to revenue level of growth perspective
• § Growth strategy including future programme HERO@ZERO (transformation of
• § Focus on megatrends such as green energy, semiconductors, life science, growth

Masterflex products into the circular economy) underpins industry leadership

medical technology and appropriate range of solutions ensures sustainable

Outlook Future Programme HERO@ZERO

Page 12

"By transforming towards a circular economy, we actively contribute to the protection of our

environment and become more efficient ourselves."

§ Step-by-step transformation of the hose and connection systems business into a

connection technology with predictable sales revenues and reduced resource

§ Design and manufacture of hose and connection systems that can be returned,

• circular economy by 2035
• § Expansion of the business model to include services related to digitalised consumption
• processed and reused after use können à Cooperation with recycling specialist REMONDIS
• advantages

§ Significant reduction of the CO2 footprint for customers through Masterflex products à Increased customer attractiveness and customer loyalty through ecological

Masterflex at a Glance

in kEUR	31.12.2018	31.12.2019	31.12.2020	31.12.2021	31.12.2022	30.06.2023
Revenue	77,243	79,969	71,881	79,068	100,274	52,684
EBITDA	9,592	9,656	7,892	10,670	16,436	9,371
EBIT (operative)	6,251	5,058	3,167	5,764	11,395	6,779
Group Result	3,373	2,532	793	3,282	7,777	4,268
EPS (in EUR)	0.35	0.26	0.08	0.34	0.81	0.44

Financial Calendar 2023

Page 15

23 August Hamburg Investors Day

8 November Quarterly Report Q3/2023

Contakt

IR-Contact

Page 16

Address

Masterflex SE

Mark Becks, CFO Willy-Brandt-Allee 300 45891 Gelsenkirchen

CROSS ALLIANCE communication GmbH Susan Hoffmeister Bahnhofstraße 98 82166 Gräfelfing/München

Telephone

Tel.: +49 209 97077 0 Fax: +49 209 97077 33

Tel.: +49 89 125 09 03 33

Online

ir@masterflexgroup.com sh@crossalliance.de