WashTec AG — Investor Presentation 2019

Jul 26, 2019

Conference Call H1 2019

July 26, 2019

ALL AROUND CLEAN CARS

H1 2019 Performance

H1 2019 – Results by Regions

H1 2019 – Results by Products

Rounding differences may occur, without consolidation effects.

PROFIT AND LOSS STATEMENT

in €m	H1 2019	H1 2018
Revenue	199.1	200.1
Gross Margin	113.7 [57.1%]	116.6 [58.3%]
Personnel expenses	(71.7) [36.0%]	(67.7) [33.8%]
Depreciation	(8.1)	(4.9)
EBIT	9.3 [4.7%]	18.3 [9.2%]
Financial result	(0.3)	(0.3)
EBT	9.0	18.0
Tax expenses	(4.6)	(6.6)
Net income	4.4	11.4
EPS (in €)	0.33	0.85
ROCE (in %)	22.3	25.2

SOLID BALANCE SHEET STRUCTURE

in €m	June 30, 2019	Dec 31, 2018
Balance Sheet Total	262.6	237.2
Goodwill	42.3	42.3
Equity	66.5	95.4
Net Financial Debt	79.1	10.1
Net Operating Working Capital	94.4	82.6
Net Cash Outflow from investing activities (balanced)	(4.8)	(6.0)
Free Cash Flow	(15.7)	32.3

WASHTEC SHARE PERFORMANCE

• Stable, value-oriented shareholder base
• Dividend yield 3.6 %

GUIDANCE 2019 - revised

	Annual report 2018	Q1 2019	H1 2019	Q3 2019
Revenue	Significant increase	Significant increase	Stable
EBIT	Significant increase	Significant increase	Significant decrease
EBIT margin			at least 10 %
FCF	Slight increase	Slight increase	Slight decrease
Regions	EU Slight increase in revenue and significant increase in earnings	EU Slight increase in revenue and significant increase in earnings	EU Stable revenue and significant decrease in earnings
	NA Significant increase in revenue and earnings	NA Significant increase in revenue and earnings	NA Significant increase in revenue and earnings
	APAC Significant increase in revenue and earnings	APAC Significant increase in revenue and earnings	APAC Slight increase in revenue and significant decrease in earnings

NEW CEO AND CTO

Dr. Günter Blaschke, CEO

July 15, 2019 – December 31, 2019

• PhD in the field of industrial management after having passed his studies of Business Administration at the University of Cologne
• 2000-2013 CEO of Rational AG
• Since May 2014 Chairman of the Supervisory Board of WashTec AG

Dr. Ralf Koeppe, CTO

• Dipl. and M.S. Degree in Mechanical Engineering and a doctorate from ETH Zurich
• 2014-2019 CTO of the Automation & Electrification Business Unit at Bosch Rexroth AG
• Member of the Management Board of WashTec since July 2019; CEO beginning January 2020
• Responsible for Supply Chain, Research and Development, Service, Quality and Purchasing

FINANCIAL CALENDAR

July 26, 2019	Publication of half-year Report
September 23–26, 2019	Baader Bank Investment Konferenz, Munich
October 25, 2019	Publication of Q3 Statement / Q3 Report
November 25 - 27, 2018	Eigenkapitalforum, Frankfurt

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.