WashTec AG — Investor Presentation 2015

Aug 5, 2015

WASHTEC AG H1 2015 Report

Conference Call

WashTec AG H1 2015 Report, Conference Call August 05, 2015 .

H1 2015: Facts & Figures Strongest H1 in WashTec's history

WashTec AG H1 2015 Report, Conference Call August 05, 2015

H1 2015: Facts & Figures Revenues and earnings improved in all segments

Revenues by segment (H1) in €m

EBIT total (H1) in €m

EBIT by segment (H1) in €m

WashTec AG H1 2015 Report, Conference Call August 05, 2015 ³

Higher revenues combined with moderate cost increase lead to significantly improved EBIT and EPS

	H1 2015	H1 2014
Revenues	160.6	141.9
Gross margin	96.7 (60.2%)	86.3 (60.8%)
Personnel expenses	(55.6) [34.6%]	(54.6) [38.5%]
Other operating expenses	(25.3) [15.8 %]	(22.5) [15.5%]
EBITDA	18.6	11.0
Depreciation	(4.8)	(5.1)
EBIT	13.8 [8.6%]	5.9 [4.2%]
Financial Result	(0.3)	(0.3)
EBT	13.5	5.6
Tax Expenses	(4.8)	(1.9)
Net income	8.8	3.7
Earnings per share (in €)	0.63	0.27

Rounding differences possible

WashTec AG H1 2015 Report, Conference Call August 05, 2015 ⁴

Still very solid balance sheet structure despite reduced equity

	June 30, 2015	Dec 31, 2014
Balance sheet total	187.6	185.8
Goodwill	42.3	42.3
Equity	77.3	90.9
Net finance debt	3.8	-9.8
Net current assets	70.2	71.2

	H1, 2015	H1, 2014
Net cash flow	12.9	7.3
Cash outflow investments	(2.4)	(2.0)
Free cash flow	10.5	5.4

Rounding differences possible WashTec AG H1 2015 Report, Conference Call August 05, 2015 ⁵

WashTec Group: significant increase in revenues and earnings

• revenues increase of more than 5 %, adjusted for currency effects
• half-year EBIT ratio of 8.6% confirmed for fy 2015
• Stronger Q3 2015 expected compared to €74,2m in 2014
• Q4 in 2014 was already extraordinary, limited chance to report higher revenues in Q4 2015
• Core Europe: significant increase in revenues and earnings (forecast improved compared to annual report 2014)
• Eastern Europe: significant increase in revenues and earnings
• North America: significant increase in revenues and earnings
• Asia/Pacific: significant increase in revenues and earnings

H1 2015: Facts & Figures

WashTec was positively mentioned in many publications in the last 6 months

Analyst Coverage
Analyst (+ Date)	Recommen dation	Target Price (€)
Hauck & Aufhäuser (06/15)	Hold	20.00
HSBC (06/15)	Buy	22.00
MM Warburg (06/15)	Buy	22.70

Trade Volume (Xetra)
Period	Volume (pcs.)
	2015	2014
Jan.- Jun.	1,642,291	481,612
SDAX-Ranking	Turnover
Jun.	114	131

WashTec AG H1 2015 Report, Conference Call August 05, 2015 ⁷

4) Nmás1 Asset Management , SGIIC, S.A

Source: Notifications pursuant to WpHG

H1 2015: Facts & Figures What makes WashTec different?

• Easy to understand business model
• Only stock listed carwash provider

• 2* bigger than next competitor

• Largest installed machine base
• High share of recurring revenues
• Solid balance sheet structures
• Attractive dividend policy
• Further growth potential

… and therefore we are convinced to be an attractive investment

H1/15 Report
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3Q/15 Report
Equity Forum

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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.