WashTec AG — Interim / Quarterly Report 2021

Jul 28, 2021

Q2 Report | July 28, 2021

Dr. Ralf Koeppe | CEO Dr. Kerstin Reden | CFO Stephan Weber | CSO

myWashtec is THE PLATFORM that gives our customers access to WashTec's digital offers

Project progress and supply chain situation – tense but still manageable

Q2 at a glance – Revenue on pre-corona level; very strong EBIT performance

• Double-digit revenue growth in all main product segments; strong contribution from direct sales
• EBIT margin at 13%; EBIT up more than three times driven by strong revenue performance as well as efficiency and cost measures
• Positive cash flow development driven by strong earnings

Revenue
€ 110.2 m up 25 %
EBIT
€ 14.5 m up 314 %
FCF (after lease expenses)
€ 10.3 m up 2 %

Q2 – Equipment, service and chemicals up over 20%

Q2 development by region – Strong performance driven by Europe

Q2 – Revenue and EBIT outperform prior years

Q2 YTD - Revenue & EBIT close to 2018 pre-crisis level; FCF significantly improved

Q2 YTD – Revenue growth driven by Equipment, Service & Chemicals

Q2 YTD – Europe

• Revenue up 16% compared to the prior year, however, still approx. 3% below pre-crisis level
• Direct sales significantly above prior year
• Double-digit EBIT ratio of 11%
• Guidance for 2021: Significant revenue and EBIT growth

Q2 YTD – North America

• Revenue 12% down driven by lower sales to key accounts
• Direct sales significantly above prior year
• Significant EBIT improvement
• Guidance for 2021: Significant revenue and EBIT growth

Q2 YTD – APAC

• Revenue 2% up. Positive performance in AUS overcompensate decline in China
• Significant EBIT improvement
• Guidance for 2021: Revenue and EBIT stable

June 2021 Balance Sheet – Significant improvement of NOWC; solid balance sheet structure

Guidance 2021*

	2020	Guidance 2021**
Revenue	€ 378.7m	significant increase of over 9%
EBIT	€ 20.1m	significant increase, with an EBIT-Ratio of round 10%
FCF after lease payments	€ 36.9m	significant decrease
ROCE	10.5%	significant increase

• * This guidance is subject to uncertainties
• ** stable < 3 %; slight ≥ 3 – < 5; significant ≥ 5 %

Financial Calendar 2021

July 28, 2021

Q2 Report 2021

October 27, 2021

Quarterly statement Q1 – 3 2021

November 22 – 24, 2021

Equity Forum, online