technotrans SE

Investor Presentation • Aug 19, 2024

Webcast H1 2024

Michael Finger | CEO
Robin Schaede | CFO

POWER TO TRANSFORM -
STRATEGY INTO RESULTS

Sassenberg, 14th August 2024

Power to transform

Overview

Focus markets

Financials

Strategy \& Outlook

Power to transform

Overview

Focus markets

Financials

Strategy \& Outlook

Overview 1st half-year 2024

Power to transform

Overview
Focus markets
Financials
Strategy \& Outlook

Focus on growth

DRUPA 2024

technotrans reports positive drupa results

• High and positive response to Trade Fair presence
• Future-proof cooling and liquid technology presented
• technotrans focussed on energy efficiency and cost-effectiveness
• New product generation with natural refrigerants with high customer demand
• Major printing press manufacturers report high order intake
• Print business expected to pick up in the second half of the year
  

DATACENTER COOLING

technotrans expands its portfolio

• Product range expanded to include liquidbased cooling solutions for existing datacenters (retrofit solution)
• Initial order in the single-digit million euro range won for the conversion of US highperformance servers, with follow-up orders expected
• Series production started
• technotrans taps additional potential in the rapidly growing market for liquid cooling of datacenters
  

MAJOR ORDER

Battery cooling systems for new e-buses

• Large-volume order in the high single-digit million euro range
• Series production of battery thermal management systems (BTMS) for several ebus series
• Delivery to 3 European locations
• Growth accelerator in technotrans' focus market Energy Management
• Milestone in the road vehicles segment
  

Power to transform

Overview

Focus markets

Financials

Strategy \& Outlook

Revenue and EBIT

• Significant EBIT increase Q2 vs. Q1
• Decline in earnings compared to previous year driven by sales
• Restructuring costs of 0.8 million $€$ included in H1
• Adjusted EBIT 4.8 million $€$ and EBIT margin 4.2\%

Segment Technology

• Increase in revenue Q2 vs Q1 shows slight upturn in business
• H1 significantly below previous year due to economic conditions
• Energy Management remains a growth driver

EBIT (m€) | EBIT margin (in \%):

• Lack of economies of scale after decline in revenue
• Restructuring costs of 0.4 million $€$ as additional burden
• Short-time work at various locations only compensates to a limited extent

Segment Services

• Slight increase in service revenue in Q2 compared to Q1
• H1 1.8 million $€$ below previous year due to overall economic conditions
• Decline in spare parts business in Print

EBIT (m€) | EBIT margin (in \%):

• Profitability increased despite decline in revenue
• Restructuring costs of 0.4 million $€$ have a negative impact
• Margin increase to $14.1 \%$ (adjusted 15.2\%)

ROCE and free cash flow

• ROCE suffers from EBIT decline
• Free cash flow improved compared to previous year
• Reporting date effects in receivables and inventories prevent positive FCF figure

Earnings performance

Gross margin (\%) | Gross profit (m€)

EBITDA (m€)

Profit for the period (m€) Earnings per share (€)

• Improvement in gross margin despite decline in revenue
• Sales development and restructuring costs impact EBITDA and net profit
• Earnings per share down year-on-year, significantly increased compared to Q1

Net assets

• Equity ratio increases slightly to $57.0 \%$.
• Net debt and net debt / EBITDA ratio increased due to decrease in liquidity (e.g. due to dividend distribution) and weaker earnings situation

Revenue expected to pick up in H2 2024

• Revenue in Q2 slightly improved compared to Q1 and within the target corridor
• Increasing upturn in revenue expected in the coming quarters | Revenue guidance 2024 confirmed
• Energy Management, Plastics and Print will drive development over the rest of the year

Power to transform

Overview
Focus markets
Financials
Strategy \& Outlook

Future Ready 2025 \& ttSprint on track

Future Ready 2025

ttSprint: Significant increase in earnings in 2025

• All projects on track and generating the planned increases in earnings | Full-year effects effective in 2025
• Earnings contributions from cost savings for 2025 already identified
• Transformation into a market-oriented \& decentralized organization proceeding according to plan
• Approx. $0.8 \mathrm{~m} €$ restructuring expenses included in H1 | Expectation for full year 2024: 1.5 - $2.0 \mathrm{~m} €$

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

Disclaimer

• This presentation contains statements on the future development of the technotrans Group.
• These reflect the current 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 that could cause actual results to differ materially from those anticipated.