WashTec AG — Earnings Release 2017

Jul 28, 2017

Conference Call July 28, 2017

1 | WashTec | Conference Call | July 28, 2017

Activities H1 2017

Growth

Shows in Münster, Bologna, Munich,

Las Vegas

Functional & regional Excellence Centralisation of sales & service offices in GER

Linear technology tunnel NA presented

Leadership & Employees

Innovation

Worldwide entrepreneur

workshops

Strong H1 2017 with revenue + 24.1% and EBIT + 61.3%

Comments:

• All customer groups develop positively; key account business drives development in NA
• Yoy growth Q1 2017 31.8% and Q2 2017 of 17.5%
• EBIT ratio Q2 adjusted by non recurring effects @ 12.8%
• CF adjusted by tax payments etc. + €1.8m

All products grew in H1 2017

in €m
Rounding differences possible	H1 2017	H1 2016	Change	in %
Equipment & Service	178.7	142.6	+36.1	+25.3
Chemicals	23.9	20.4	+3.5	+17.2
Operations & other	7.3	6.2	+1.1	+17.7
Total	209.9	169.2	+40.7	+24.1

Significant increases in EU and North America, Asia/Pacific below PY

EPS improved by 62.5%

in €m	H1 2017	H1 2016
Revenue	209.9	169.2
Gross margin	120.2 (57.3%)	101.7 [60.1%]
Personnal expenses	(65.3) [31.1%]	(59.5) [35.2%]
Other operating expenses	(28.6) [ 13.6 %]	(25.4) [15.0%]
EBITDA	29.8	20.0
Depreciation	(4.8)	(4.5)
EBIT	25.0 [11.9%]	15.5 [9.2%]
Financial result	(0.2)	(0.1)
EBT	24.7	15.5
Tax expenses	(7.3)	(4.8)
Net profit	17.4	10.7
EPS	1.30	0.80

Solid Balance sheet structures

	June 30, 2017	Dec. 31, 2016
in €m
Balance sheet total	229.1	218.1
Goodwill	42.3	42.3
Equity	75.6	87.4	Equity ratio 33.0%
Net financial debt	31.0	4.5	Dividend payment €28.1m
Net Cashflow	7.5	39.9
Net working capital	93.1	91.5
Cash outflow from investing activities	5.1	19.1	Full year capex 2017 expected to be below 2016
Free Cashflow	2.4	20.8

Strong share performance in H1 2017

Comments:

• WashTec share performance in H1 2017 +36.04% compared to +12.92% SDAX index
• All time high in June 2017
• Quarterly reporting will be adapted to quarterly statements from Q3

Positive Outlook

	Annual report 2016	Q1 / 2017	H1 / 2017
Revenue	> 6% growth	>10% growth >€410m	>10% growth >€420m
EBIT Ratio	> 11.8%	>12%	>12%
Cash flow vs PY	Improved	Improved	Improved
Segments	All Substantial increase in revenue and earnings	All Substantial increase in revenue and earnings	EUR/NA Substantial increase in revenue and earnings APAC Revenue stable earnings <py< td=""></py<>

Financial calendar

September 07,2017	Bankhaus Lampe Conference, Düsseldorf
September 20-22, 2017	Baader Bank Investment Conference, Munich
October 27, 2017	Publication of Q3 Report
November 21-23, 2017	Equity Capital Forum, Frankfurt

Thank you for your questions

11 | WashTec | Conference Call | July 28, 2017

Backup: the shareholders

Disclaimer

No offer:

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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 materialise 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.