WashTec AG — Earnings Release 2019

Oct 25, 2019

October 25, 2019

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Q1 - Q3 2019 Performance

Q1 – Q3 2019 – Results by Products

7 Conference Call Q3 2019 Rounding differences may occur, without consolidation effects.

PROFIT AND LOSS STATEMENT

in €m	Q1 – Q3 2019	Q1 – Q3 2018
Revenue	309.1	312.7
Gross Margin	175.3 [56.7%]	180.8 [57,8%]
Personnel expenses	(107.3) [34.7%]	(102.3) [32.7%]
Depreciation	(12.3)	(7.4)
EBIT	20.3 [6.6%]	33.2 [10.6%]
Financial result	(0.4)	(0.6)
EBT	19.9	32.7
Income taxes	(8.3)	(11.3)
Net income	11.6	21.3
EPS (in €)	0.87	1.59
ROCE (in %)	19.8	26.1

SOLID BALANCE SHEET STRUCTURE

in €m	Sept 30, 2019	Dec 31, 2018
Balance Sheet Total	271.0	237.2
Goodwill	42.3	42.3
Equity	74.2	95.4
Net Operating Working Capital	96.2	82.6
Net Cash Outflow from investing activities (balanced)	(6.1)	(6.0)
Free Cash Flow	(0.5)	32.3

WASHTEC SHARE PERFORMANCE

Stable, value-oriented shareholder base

GUIDANCE 2019 - adjusted

	Annual report 2018	Q1 2019	H1 2019	Q3 2019
Revenue	Significant increase	Significant increase	Stable	Stable
EBIT	Significant increase	Significant increase	Significant decrease	Significant decrease
EBIT margin			at least 10 %	around 9 %
FCF	Slight increase	Slight increase	Slight decrease	Slight decrease
Regions	EU Slight increase in revenue and significant increase in earnings	EU Slight increase in revenue and significant increase in earnings	EU Stable revenue and significant decrease in earnings	EU Stable revenue and significant decrease in earnings
	NA Significant increase in revenue and earnings	NA Significant increase in revenue and earnings	NA Significant increase in revenue and earnings	NA Slight increase in revenue and significant increase in earnings
	APAC Significant increase in revenue and earnings	APAC Significant increase in revenue and earnings	APAC Slight increase in revenue and significant decrease in earnings	APAC Stable revenue & significant decrease in earnings

FINANCIAL CALENDAR

October 25, 2019 Publication of Q3 Statement / Q3 Report

November 25 - 27, 2018 Eigenkapitalforum, 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 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.