WashTec AG — Earnings Release 2015

Mar 31, 2016

Maximum Customer Benefit

Conference call March 31, 2016

Milestones 2015: our main objectives…..

Happy customers around the globe

Strong increase in revenues and earnings in 2015

Comments:

• FX adjusted revenue increase of 9.9 %
• Net Cashflow impacted by higher working capital and tax payments of Mil. € 5

Equipment & Service business as major driver of revenue increase

in Mil. €
Rounding differences possible	2015	2014	Change	in %
Equipment & Service	290.2	255.7	+34.5	+13.5
Chemicals	37.6	34.3	+3.3	+9.6
Operations & other	13.1	12.6	+0.5	+4.0
Total	340.9	302.6	+38.3	+12.7

All segments with increases in revenues and operating income vs. 2014

Revenues in Mil. €

EBIT in Mil. €

Rounding differences possible, consolidation effects not included

High revenues drive an EBIT-Ratio of 13,8 % in Q4

Revenues in Mil. €

EBIT in Mio. €

Rounding differences possible, consolidation effects not included

High revenue increase in combination with disproportionally low cost development leads to doubled profits

	2015	2014	Goal 2016
Revenue	340.9	302.6	3-5% increase
Gross margin	205.1 (60.2%)	182.6 (60.3%)	Changed product & region mix
Personnal expenses	(113.2) [33.2%]	(111.1) [36.7%]	Investments into sales structures
Other operating expenses	(50.6) [14.8%]	(47.5) [15.7%]	Fairs, trainings, renovation
EBITDA	46.1	28.6
Depreciation	(9.6)	(10.3)	Investments
EBIT	36.4 [10.7%]	18.4 [6.1%]	Double digit margin
Financial result	(0.5)	(0.7)	Dividend effect
EBT	35.9	17.7
Tax expenses	(11.4)	(5.0)	Stable tax rate
Net profit	24.6	12.7

After dividends and share buyback still a very solid balance sheet structure

	Dec. 31, 2015	Dec. 31, 2014
Balance sheet total	190.0	185.8
Goodwill	42.3	42.3
Equity	80.3	90.9	Equity ratio 42.2%
Net debt	1.9	-9.8	Net debt position due to high dividend and share buyback
Net Cashflow	32.9	29.2	Tax expenses
Net working capital	78.1	71.2	Higher inventories and A/R due to revenue increase
Cash outflow from investing activities	(6.7)	(4.1)
Free Cashflow	26.2	25.1

145 % Total Shareholder Return in 2015

Analyst Coverage
Analyst (+ Date)	Empfehlung	Preisziel (€)
Hauck & Aufhäuser (02/16)	Buy	35,00
HSBC (02/16)	Hold	31,00
MM Warburg (03/16)	Buy	32,30
Bankhaus Lampe	Buy	33,00
	Durchschnitt	32,83

Trade Volume (Xetra)
Zeitraum	Volumen (pcs.)
	2016	2015
Jan.-Feb.	514.022	276.905

Comment:

• Coverage by Bankhaus Lampe, Hauck & Aufhäuser, HSBC und MM Warburg
• Dividend proposal 1.70 €
• Inclusion into SDAX per March 2016
• Invitation to AGM on website since 31.3.16

10 | Conference Call, March 31, 2016 1) Setanta Asset Management 2) Leifina GmbH & Co. KG et al.

3) Nmás1 Asset Management, SGIIC, S.A

Our measures and initiatives for sustainable growth

Corporate philosophy– leadership principles – global processes
2016 - 2017	2018 - ++
 Investments  Showroom Augsburg and extension Grebenau  SAP North America and hardware service technicians  Sales Excellence  Investments into sales structures e. g. USA  Market penetration  Export activities  Fairs Stuttgart and Frankfurt  Employee development  Roll out corp. Philosophy and leadership training  Employee bonus and increased trainee programs  Efficiency  Productivity service and production plants	 Products  Continuos development of complete product portfolio  Fundamental research  Digitalisation  Markets  Market penetration developed markets  North America  China and "Missionary Markets"