WashTec AG — Interim / Quarterly Report 2018

Jul 27, 2018

Conference Call H1 2018

July 27, 2018

HIGHLIGHTS

in €m

H1 PERFORMANCE

H1 RESULTS BY PRODUCTS

in €m
Rounding differences may occur	H1 2018	H1 2017	Change abs.	in %
Equipment & Service	168.4	178.7	-10.3	-5.8
Chemicals	24.8	23.9	0.9	3.8
Operations business and others	6.9	7.3	-0.4	-5.5
Total	200.1	209.9	-9.8	-4.7

H1 RESULTS BY SEGMENTS

Rounding differences may occur, without consolidation effects

PROFIT AND LOSS STATEMENT

in €m	H1 2018	H1 2017
Revenue	200.1	209.9
Gross Margin	116.6 [58.3%]	120.2 [57.3%]
Personnel expenses	67.7 [33.8%]	65.3 [32.5%]
Other operating expenses *	28.9 [14.4%]	28.6 [13.6%]
EBITDA	23.2	29.8
Depreciation	4.9	4.8
EBIT	18.3 [9.2%]	25.0 [11.9%]
Financial result	(0.3)	(0.2)
EBT	18.0	24.7
Tax expenses	6.6	7.3
Net income	11.4	17.4
EPS	0.85	1.30

* including taxes

SOLID BALANCE SHEET STRUCTURE

	Jun 30, 2018	Dec 31, 2017
in €m
Balance Sheet Total	243.0	233.9
Goodwill	42.3	42.3
Equity	72.5	94.2
Net Financial Debt	45.7	7.1
Net Operating Working Capital	89.9	86.7
Cash Outflow from investing activities	4.0	5.1
Free Cash Flow	(4.4)	2.4
ROCE (in %)	25.2	31.8

THE SHARE

July 2017 June 2018 in % Dec` 2017 WASHTEC SHARE PERFORMANCE SDAX 0.0

Trade Volume (Xetra)
		June
Period	2018	2017	2016
pcs (Jan-June)	3,070,931	2,242,556	1,707,272
in T€	18,667.7	29,965.7	9,984.3
T€ per day in average	888.9	1,426.9	453.8

• Notifications without significant changes in shareholder structure
• Still high trading volumes
• Dividend yield 3%

OUTLOOK H2 2018

ACTIVITIES H2 2018

• ➢ Market implementation of "Easy Carwash"
• ➢ Disproportionate growth in business with independent customers
• ➢ Ongoing initiatives with focus on operational excellence
• ➢ Finalisation of new Financing Agreements

GUIDANCE 2018 CONFIRMED

• ➢ Revenue increase of about 3%
• ➢ Significant EBIT increase
• ➢ Significant Free Cash Flow increase
• ➢ ROCE >25%

NEW CFO AXEL JAEGER

VITA AXEL JAEGER (*1966)

• ➢ Diplom Degree in Business Administration, WP, StB, CPA and CIA
• ➢ Most recently Member of the Management Board at ZEISS Semiconductor Manufacturing GmbH
• ➢ Member of the Management Board of WashTec since July 2018
• ➢ Responsible for IT & Finance

FINANCIAL CALENDAR

September 24-25, 2018	Baader Investment Conference, Munich
October 26, 2018	Q3 Report
November 26-27, 2018	Equity Forum, Frankfurt

BACKUP: THE SHAREHOLDERS

Source: Notifications pursuant to WpHG

1) Wellington Management Group LLP 2) Fidelity Management & Research Company 3) Carne Global Fund Managers (Luxembourg) S.A 4) Leifina GmbH & Co. KG et al.

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.