WashTec AG — Interim / Quarterly Report 2013

Nov 6, 2013

Q3 2013 Report

Conference Call

Positive business development in Q3 despite of difficult general conditions

*Comparative figures adjusted as per IAS 8

Q3 Facts & Figures

• Revenues of € 218.3m (Q1-3/12: 217.1m) Strong Q3 with revenues of € 78.4m (Q3/12: € 74.5m) due to stronger business in Core Europe and North America
• EBIT of € 8.9m (Q1-3/12: € 8.2*m) Increase of EBIT in Q3 to € 6.1m (Q3/12: € 2.4m) particularly from Core Europe
• Due to higher revenues and improved product mix
• Despite higher personnel costs due to tariff increases
• Due to lower operating expenses because of cost savings
• Positive net Cash flow of € 12.3m (Q1-3/12: € 15.6m) Strong net cashflow of € 12.3m in spite of lower advance payments
• Order backlog below prior year Weaker Q4 expected as Q4/2012 was extraordinarily positive
• Outlook 2013 confirmed Revenue around prior year's level, EBIT margin of 5 – 6%

*Comparative figures adjusted as per IAS 8

Q3 Facts & Figures Higher revenues in Q1-3 across all segments

Consolidation: 2013 = -11.7/2012= -10.4 Rounding differences possible

Consolidation: 2013 = 0.0/2012= 0.2 Rounding differences possible

*Comparative figures adjusted as per IAS 8

Q3 Facts & Figures Sound balance sheet structure

• Net finance debt decreased despite dividend payment (compared to end Q3/12)
• Low Gearing

Q3 Facts & Figures	Profit/Loss Statement Q3 2013			Rounding differences possible * Comparative figures adjusted as per IAS 8
In €m		Q3 2013		Q3 2012*
Revenues		218.3		217.1
Gross margin		128.9 [59.0%]		126.3 [58.2%]	Different product mix
Personnel expenses		(79.2) [36.3%]		(76.4) [35.2%]	Scaled wage increases
Other operating expenses		(36.5)		(38.4)
EBITDA		16.3		15.5
Depreciation		(7.4)		(7.4)
EBIT		8.9 [4.1%]		8.2 [3.8%]
Financial Result		(1.0)		(1.6)
EBT		8.0		6.5
Taxes		(2.4)		(3.3)
Net income		5.6		3.2
Earnings per share (in €)		0.40		0.23

	Rounding differences possible
In €m	Sept 30, 2013		Dec 31, 2012
Balance sheet total	179.7		183.6
Equity	82.0		84.4	Equity ratio at 45.6% due to dividend payment
Net finance debt	9.7		8.3	Net finance debt higher due to dividend payment
Net current assets	67.6		73.1

	Sept 30, 2013	Sept 30, 2012
Net cash flow	12.3	15.6	Lower advance payments by customers
Cash outflow from investing activities	(4.0)	(3.6)
Free cash flow	8.3	12.0

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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.