WashTec AG — Earnings Release 2022

Apr 28, 2022

Q1 Statement | April 28th, 2022

Dr. Ralf Koeppe | CEO Dr. Kerstin Reden | CFO

Update on WashTec

1

Car wash as a resilient & sustainable business model

WashTec is the leading supplier of innovative vehicle wash solutions worldwide. The product range includes all types of vehicle washing systems as well as associated peripheral equipment, washing chemicals and water recovery systems. As specialists in environmentally friendly car wash, we are continuously working on innovations as a contribution to a sustainable mobility today and tomorrow.

In addition, WashTec offers comprehensive service packages and digital smart service solutions over the entire life cycle of the products - these include maintenance, chemical supply, equipment take-back, as well as services for arranging financing or operator management of equipment. The main revenue drivers are the product areas of machinery, service and chemicals.

CO2 footprint reduction

Our goal is a 30% percent reduction in CO2 emissions per million € turnover in our business activities by 2025 on the base of the year 2019.

We are considering Scope 1 and 2 in Germany, the Czech Republic, the USA and China, countries in which we operate plants.

Future steps:

• Establish systematic data collection
• Integrate other national subsidiaries
• Include Scope 3 emissions ^{4 |}

Q1 2022 | April 28, 2022 | WashTec AG

Sustainability Report 2021

Sustainability strategy

Economic sustainability

Environmental sustainability

Social sustainability

We are committed to integrate sustainability in our business model

Strategy and first goals have been set internally and measures have been implemented within the last years

Time to communicate:

WashTec's first extensive sustainability report to be published in Q2, 2022

Unity expo 17 – 19 May 2022 Stuttgart, Germany

WashTec at the leading retail petroleum and car wash trade fair in Europe under the motto:

$$\frac{\text{mywæðte} - \text{gyæð eru ösre}}{\text{digitál. næðhætig. ertógreicð:}}$$

2 Q1 2022 results

7 | Q1 2022 | April 28, 2022 | WashTec AG

Q1 2022 at a glance – strong business growth

Strong revenue growth across all major segments and products

From a revenue perspective, one of the strongest Q1 in the company's history

(Adjusted) EBIT margin at 4.6 % impact by increase in material cost

Cashflow impacted by increase in inventories and tax payments

Revenue

€ 101.0 m up 19%

(Adjusted) EBIT

€ 4.6m up 31%

FCF after lease payments

€ -5.8 down > 100 %

Driven by high order backlog and order intake, revenue reached € 101m in Q1. Higher material cost impact GP by approx. € 2m

Key accounts and Chemicals are main driver of revenue growth

in million Euro

Machines and service Q1	Chemicals Q1	Other Q1
+13.3
(+18.8%) 83.9 72.5 70.6	+2.9 (+22.8%) 15.6 13.0 12.7
		-0.1 (-6.3%) 1.9 1.6 1.5
2020 2021 2022	2020 2021 2022	2020 2021 2022

Q1 2022 | April 28, 2022 | WashTec AG 10 |

Strong revenue growth across all segments; EBIT US impacted by disruption in supply chain and inflation

in million Euro

EBIT Q1 impacted by rise of material cost; increase in selling expenses relates to higher freight cost and higher marketing expenses in million Euro

Cashflow impacted by increase inventories, tax payments and higher investment

in million Euro

	Q1 2021	Q1 2022	∆
Cashflow from operating activities	6 3	-2 4	-8 7
Cashflow from investing activities	-0 4	-1 2	-0 8
lease Finance	-2 0	-2 2	-02
after lease FCF payments	3 9	-5 8	-9 7
Cashflow from financing activities	0 2 -	0 2 -	0 0
FX	0 4	0 4	0 0
Change cash & cash equivalents in	4 1	-5 6	9 7 -
	Dez 2021	Q1 2022	∆
Cash and cash equivalents	18 1	18 0	0 1 -
Bank liabilities	13 5 -	19 1 -	-5 6
/ debt cash Net position	4 6	-1 1	-5 7

Guidance 2022 confirmed*

	2021	Guidance 2022*
Revenue	€ 430.5m	€ 450-470m
Adjusted EBIT	€ 43.0m	€ 45-48m
FCF after lease payments	€ 34.5m	€ 28-32m
ROCE	25.8%	25-27%

* Guidance does not reflect any further repercussions from the war in Ukraine

Financial Calendar 2022

May 16, 2022

Annual General Meeting 2022

July 28, 2022

Q2 Report 2022

October 27, 2022

Quartely Statement Q1–3 2022

November 28 – 30, 2022

Equity Forum, Frankfurt

Disclaimer

Cautionary note with regard to forward-looking statements: This document contains forward-looking statements and statements of future expectations that reflect management's current views and assumptions with respect to future events. Such statements are subject to known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied and that are beyond WashTec AG's ability to control or estimate precisely. In addition to statements which are forward-looking by reason of context, the words 'may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue' and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those statements due to, without limitation, (i) general economic conditions, (ii) future performance of financial markets, (iii) interest rate levels (iv) currency exchange rates (v) the behaviour of other market participants (vi) general competitive factors (vii) changes in laws and regulations (viii) changes in the policies of central banks, governmental regulators and/or (foreign) governments (ix) the ability to successfully integrate acquired and merged businesses and achieve anticipated synergies (x) reorganization measures, in each case on a local, national, regional and/or global basis. WashTec AG does not assume any obligation and does not intend to update any forward-looking statements to reflect events or circumstances after the date of these materials.

No obligation to update information: Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. WashTec AG does not assume any obligation and does not intend to update any information contained herein.

No investment advice: This presentation is for information only and shall not constitute investment advice. It is not intended for solicitation purposes but only for use as general information. All descriptions, examples and calculations contained in this presentation are for illustrative purposes only.

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.