WashTec AG — AGM Information 2021

Apr 28, 2021

Q1 2021 report | April 28, 2021

Dr. Ralf Koeppe | CEO Dr. Kerstin Reden | CFO Stephan Weber | CSO

Update on pandemic measures

Health and safety of our employees and securing business continuation is our priority No 1

• Ramp up: Secure supply and maintaining high flexibility of production output by additional efforts in forecast and preparation.

• Implementation of all relevant safety measures: Successful execution of self-test campaign for employees.

• Reduced travel, home office

• Digital office and white boards
• Bi-weekly communication of Board: with Management team, country units
• Leadership: convey trust, execute agile process for remote teams
• International task force teams

WashTec on Air: SmartCare – car wash live

SmartSite – smart is when everything is simple to control via remote access

Social Media live streaming event to present SmartSite

Q1 2021 at a glance – EBIT doubled despite slight revenue decline; strong order intake in March

Revenue impacted by harsh weather conditions in January and February. Prior year not fully impacted by pandemic

EBIT doubled driven by cost reductions and efficiency measures taken last year

Positive cash flow generation, primarily driven by lower tax payments YoY

Revenue	Guidance updated
€ 85 m down 3 %	High order
EBIT	intake in March
	resulting in very healthy order
€ 4 m up > 100 %	backlog
	Key Accounts
FCF	placed
€ 4 m up > 100 %	significant orders in NA

Q1 EBIT improvements primarily driven by less staff cost, reduced travel and less risk allowances for receivables

Strong direct business, decline due to less revenue from Key Accounts

Stable revenue development in Europe while NA continues to be hit by investment reluctance of Key Accounts

• Europe: First quarter without revenue decline since outbreak of pandemic
• NA: Heavily hit by investment freeze by Key Accounts. Harsh winter conditions over longer period of time
• Asia-Pacific: Positive development in Australia. Challenging market conditions in China

EBIT in Europe only down because of FX, EBIT up in NA and APAC

Positive cash flow development compared to PY primarily driven by lower tax payments

	Q1 2020	Q1 2021	Δ
Cashflow from operating activities	2.0	6.3	4.3
Cashflow from investing activities	-0.6	$-0.4$	0.2
Finance lease	$-2.0$	$-2.0$	0.0
FCF after lease payments	$-0.6$	3.9	4.5
Cashflow from financing activities	$-0.1$	$-0.2$	$-0.1$
FX	$-1.0$	0.4	1.4
Change in cash & cash equivalents	$-1.7$	4.1	5.8
	Dec-20	Q1 2021
Cash and cash equivalent	19.9	16.5	$-3.4$
Bank liabilities	$-19.1$	$-11.6$	7.5
Net debt / cash position	0.8	4.9	4.1

Guidance 2021 – revenue outlook updated

	2020	Guidance 2021*
Revenue	€ 378.7m	significant increase
EBIT	€ 20.1m	significant increase
FCF after lease payments	€ 36.9m	significant decrease
ROCE	10.5%	significant increase

* stable < 3 %; slight ≥ 3 – < 5; significant ≥ 5 %

Annual General Meeting 2021

• Annual General Meeting (AGM) will be held on Tuesday, 18 May 2021 at 10 a.m.
• The virtual AGM can be viewed live by shareholders via the AGM portal.
• Guest access can be provided for interested press representatives and analysts. Please contact WashTec Investor Relations.
• All further information and documents for the Annual General Meeting 2021 can be found on our website.

Addition to the agenda for the Annual General Meeting

Resolution on a capital increase from Company funds without issuance of new shares and a subsequent ordinary capital reduction together with the related amendments to the Articles of Association

• The shareholder's request for addition of the agenda was duly published on April 22, 2021.
• You will find the Addition to the agenda together with the other documents for the Annual General Meeting on our website.
• The statement by the Management Board and the Supervisory Board is also published on the website.

April 28, 2021	Quartely statement Q1 2021
May 18, 2021	Annual General Meeting 2021
July 28, 2021	Q2 Report 2021
October 27, 2021	Quartely statement Q1 - 3 2021
November 22 – 24, 2021	Equity Forum, Frankfurt

Disclaimer

No offer:

This document does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract or commitment whatsoever. neither this document nor any copy of it may be taken or transmitted into the united states or provided or transmitted to any U.S. person (within the meaning of regulations under the U.S. securities act of 1933, as amended).

Confidentiality:

This document is strictly confidential to the recipient, is being supplied to you solely for your information, may not be distributed to the press or other media (including information vendors and wire services) and may not be reproduced in any form or redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose.

Cautionary Note Regarding Forward-Looking Statements:

This document refers to statements relating expressly and implicitly to the future. Such forward-looking statements are based on current expectations, estimates, forecasts and prognoses concerning the development of the market as well as management estimates and assumptions. Such forward-looking statements are no guarantee that events or results will actually materialize in the future and are subject to risks, uncertainties, assumptions and other factors that could lead to actual events or results deviating substantially from those anticipated in these forward-looking statements. The company assumes no obligation to update any forward-looking information.