technotrans SE

Investor Presentation • May 4, 2021

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	Future Ready									$\bullet$
					Webcast Q1 2021
		- May 4, 2021

Agenda

• Management Summary $\mathbf{1}$
• Development of relevant markets $2.$
• Business performance $3.$
• Outlook $\overline{4}$ .
• Conclusion 5.

Contact/Disclaimer

Annex

• $\mathbf{1}$ Balance, income statement, Cash flow statement
• $2.$ Company profile
• 1. Why invest? / Share performance

Strategy & operations

on track

100 % on track overcompensate weak print market went live operations started above pre-corona level 2020 substantially increased solid and in order confirmed

Management Summary

Key figures 1. Quarter 2021

$\epsilon$ 52.8 m $+1.3%$ Technology $\in$ 38.9 m $\epsilon$ 13.9 m Services	$\epsilon$ 2.9 m $+63%$ Technology $\in 0.8$ m Services $\epsilon$ 2.1m	5.4% (p.y 3.4 %) Technology 2.1% Services 14.9%	$\epsilon$ 0.27 $+67%$
Revenue	EBIT	EBIT margin	Earnings per share
51.9% (Dec 31, 2020: 53.6 %)	$\epsilon$ 17.1 m $-21%$	$\epsilon$ 4.9 m $> +100%$	1,410 $-3%$
Equity ratio	Net debt	Free cash flow	Employees at Dec 31

technotrans^•

Sales focus 1st Quarter 2021

Dynamic target markets

Plastics

• New generation of temperature control units hit the market
• High demand from film extrusion

Healthcare & Analytics

• Strong start in Healthcare & Analytics
• Sustained high demand for baggage scanner cooling

Energy Management Increasing demand for BTMS (Battery Thermal Management Systems)
Laser & Machine Tools Focus on special requirements is bearing fruit Markets for standard lasers remain competitive
Print Dougnup still below providue your

• Revenue suil below previous yea
• First signs of improvement are visible

Technical Documentation

moderate growth in evidence

$+ +$

$+ +$

$\mathbf{O}$

Business Performance

Increase in Revenue & EBIT

Revenue

Revenue in Q1 2021 of $\in$ 52.8 million and thus 1.3 % above prior year figure (pre-Corona level 2020)

• Operating result (EBIT) increases by 63.3 % to $\in$ 2.9 million
• EBIT margin improved to 5.4 % (previous year: 3.4 %)

Segment Technology

• Segment revenue almost reaches pre-Corona 2020 level.
• The focus markets fully compensate for the weak print business.
• Third quarter with increasing segment revenue.
• Segment EBIT positive again at $\in$ 0.8 million due to improved fixed cost degression.
• Effectiveness of cost reduction measures implemented in the previous year noticeable.
• Segment return reaches 2.1 %. (previous year $-0.5\%$ )

Segment Services

• Continued recovery in business development due to slight easing of travel restrictions.

• Segment revenue up 6.2 % compared to previous year.

• Segment-EBIT improved again (+5 % vs. previous year).

• Segment return remains robust as expected at 14.9 % (previous year: 15.2 %).

Balance Sheet ratios

Investment & Depreciation

• The equity ratio remained solid at 51.9 %. $\overline{\phantom{0}}$ It decreased slightly by 1.7 percentage points due to the balance sheet extension at the reporting date.
• Net debt decreased by approximately 21 % $\overline{\phantom{0}}$ compared to the end of 2020.

Business Performance

Solid financial position

Operating cash flow reflects good start to the year

Financial liabilities & cash equivalents reflect a solid financial position

Positive free cash flow in the first quarter

Our markets in 2021

Plastics

• Stable performance expected
• Merger of gwk/Reisner increases value for customers

Energy Management

• Stability through medium-term project orders
• Improved market position offers additional potential for further projects

Healthcare & Analytics

• Continue sales successes of the year 2020 in medical technology
• Stable development expected for baggage scanners

Print

• Sideways movement expected
• Target: Support customers as a preferred development partner

Laser & Machine Tools

• Markets will remain challenging
• Focus on specialized segments

Future Ready 2025: Strategic plan

$2021 - 2022$ Phase I: Stability & Profitability

• Continuation of the initiated change process based on existing core competencies
• Merger of individual group companies
• Use of group-wide synergy effects through central control of the functional areas
• Strengthening technotrans as one brand

$2023 - 2025$ Phase II: Profitable growth & Investment

Accelerated growth based on:

• Focus on key markets (Plastics, Print, Energy Management, Healthcare & Analytics)
• New technologies
• International business expansion

Financial targets 2021: Forecast confirmed

Medium-term planning 2025

Conclusion of the Board of Management

• Strategy Future Ready 2025 will be further $\qquad \qquad$ implemented consistently.
• Key measures 2021/2022: $\qquad \qquad -$ Mergers KLH/technotrans and Reisner/gwk.
• Sales drivers: $\overline{\phantom{m}}$ Plastics, Energy Management as well as Healthcare & Analytics.
• Forecasts 2021 and 2025 confirmed. $\overline{\phantom{0}}$

Peter Hirsch Michael Finger Dirk Engel CFO CTO/COO CEO

Contact

Investor Relations

Frank Dernesch Manager Investor Relations & Corporate Finance

Tel. +49 (0)2583 301-1868 Fax +49 (0)2583 301-1054 frank.dernesch@technotrans.de

This presentation contains statements on the future development of the technotrans Group.

These reflect the present views of the management of technotrans SE and are based on the corresponding plans, estimates and expectations. We point out that the statements are subject to certain risks and uncertainties which could mean that the actual results differ considerably from those expected.

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Consolidated Balance Sheet as of March 31, 2021

ASSETS	31/03/2021	31/12/2020
	€ '000	€ '000
Non-current assets
Property, plant and equipment	37,458	36,781
Right-of-use assets	3,070	3,210
Goodwill	23,513	23,513
Intangible assets	6,710	7,016
Other financial assets	148	151
Deferred tax	1,142	1,142
	72,041	71,813
Current assets
Inventories	28,658	26,702
Trade receivables	25,695	21,082
Income tax receivable	115	103
Other financial assets	1,055	546
Other assets	2,499	2,122
Cash and cash equivalents	26,989	25,749
	85,011	76,304
Total assets	157,052	148,117

EQUITY AND LIABILITIES	31/03/2021	31/12/2020
	€ '000	€ '000
Equity
Issued capital	6,908	6.908
Capital reserve	19,097	19.097
Retained earnings	60,418	55,461
Other reserves	$-6,727$	$-6.999$
Net profit for the period	1,890	4,956
Total equity attributable to technotrans SE shareholders	81,586	79,423
Non-controlling interests in equity		$-5$
	81,582	79,418
Non-current liabilities
Borrowings	29,537	31,043
Employee benefits	767	686
Other financial liabilities (incl. IFRS 16)	1,465	1,680
Deferred tax	358	448
	32,127	33,857
Current liabilities
Borrowings	11,367	12,960
Trade payables	9,468	4,606
Prepayments received	5,725	3,210
Employee benefits	5,585	5,309
Provisions	3,915	3.490
Income tax payable	722	274
Other financial liabilities (inkl. IFRS 16)	2,759	2,715
Other liabilities	3,802	2,278
	43,343	34,842
Total equity and liabilities	157,052	148,117

Consolidated Income Statement Jan 1, 2021 - Dec 31, 2021

	$01/01 -$	$01/01 -$
	31/03/2021	31/03/2020
	€ '000	€ '000
Revenue	52,833	52,161
of which Technology	38,951	39,083
of which Services	13,882	13.078
Cost of Sales	$-37,698$	$-37,232$
Gross profit	15,135	14,929
Distribution costs	$-5,893$	$-5,974$
Administrative expenses	$-4.893$	$-5,212$
Development costs	$-1,308$	$-2,432$
Net impairment losses on financial and contract assets	$-43$	$-76$
Other operating income	338	1.022
Other operating expenses	$-470$	$-501$
Earnings before interest and taxes (EBIT)	2,866	1,756
Financial income		0
Financial charges	$-166$	$-167$
Net finance costs	$-166$	$-167$
Profit before tax	2,700	1.589
Income tax expense	$-809$	$-454$
Net profit for the period	1.891	1,135
Earnings per share $(\epsilon)$
basic / diluted	0.27	0.16

Consolidated Cash Flow Statement Jan 1, 2021 - Dec 31, 2021

	01/01 31/03/2021	$01/01 -$ 31/03/2020		$01/01 -$ 31/03/2021	$01/01 -$ 31/03/2020
	$\epsilon$ '000	€ '000		$\epsilon$ '000	€ '000
Cash flow from operating activities			Cash flow from investing activities
Net profit for the period	1,891	1.135	Cash payments for investments in property, plant and equipment and in intangible assets	$-1.71$	$-2.343$
Adjustments for:
Depreciation and amortisation	1,762	1,763	Proceeds from the sale of property, plant and equipment	9	20
Income tax expenses	809	454	Net cash used for investing activities	$-1,614$	$-2,323$
Gain (-)/loss (+) on the disposal of property, plant and equipment		$-3$
Foreign exchange losses (+)/gains (-)		$-68$
Net finance costs		167	Cash flow from financing activities
Other non-cash changes		0	Cash receipts from the raising of short-term and		$\circ$
Cash flow from operating activities before	4.876	3.448	long-term loans
working capital changes			Cash payments from the repayment of loans	$-3,100$	$-1,311$
			Distribution to investors		$\circ$
Change in:			Cash payments from the repayment of lease liabilities	$-479$	$-592$
Inventories	$-1,956$	$-1,755$	Net cash used in financing activities	$-3,579$	$-1,903$
Receivables and other current assets	$-5,494$	$-2.632$
Liabilities and prepayments	8,83	1.501
Provisions and employee benefits	782	1.144	Net increase/decrease in cash and cash	1,272	$-4,003$
Cash from operating activities	7,043	1.706	equivalents Cash and cash equivalents at start of period	25,749	20,910
			Net effect of currency translation in cash and cash equivalents		61
Interest received		0	Cash and cash equivalents at end of period	26,989	16,968
Interest paid		$-146$
Income taxes paid/income tax rebates		$-1.337$
Net cash from operating activities	6.465	223

The technotrans group

Establishment:	1970
IPO:	1998
Locations:	17 worldwide
Number of employees:	1,409 (Dec. 31, 2020)

Global technology and service group.

Core Competence: Application-specific thermal management solutions.

Wide range of services worldwide.

technotrans – an attractive investment

· Profitable growth strategy · Technological leadership • Clear market focus · Diversified customer base · International network · Sustainability committment • Attractive dividend policy	$\in$ 186.5 M + 8.0 % in 2021 $(25.00 \in up to 27.00 \in)$	up to $50\%$ of consolidated net profit	Gerlin/Midlin/Luxempart 25.1% Objectif Small Cap 5.3% Allianz Vie 5.1% LOYS Investment 4.7 % Universal Investment 3.4% 3.0% MONOLITH FREE FLOAT 53.4 %	Commerzbank HOLD 31.00€ Hauck & Aufhäuser BUY 32.00€ BUY 31.80€ Warburg
Equity	Market Cap	Dividend	Shareholder	Research
Story	May 3, 2021	Policy	structure	Coverage

Share price at May 3, 2021 (Xetra close): $\epsilon$ 27.00

Dividend proposal for the Annual General Meeting 2021: $\epsilon$ 0.36

Solid share price performance

Date: May 3, 2021

Share Price:	$\in 27.00$
Market cap:	$\epsilon$ 186.5 Mio.

Performance since January 2021:

Share Price:	$+8.0%$
Market cap:	$+$ $\in$ 13.8 Mio

• магкет сар:

Current Analyst Recommendations:

- Bandwith:	$\epsilon$ 31.00 - 32.00
- Recommendation:	$2x$ buy / 1x hold

Dividend proposal to the Annual General Meeting on May 7, 2021:

$\epsilon$ 0.36

≈50 % of the net consolidated profit of the group