WashTec AG — Investor Presentation 2020

Jul 28, 2020

Conference Call: First-half-year report, July 28, 2020

Dr. Ralf Koeppe | CEO

Conference Call: Half-year report

• Car wash data January June 2020
• Economic situation
• Financials First-half-year results 2020
• WashTec Performance Program
• Guidance 2020

Car wash data from January to June 2020

Economic situation Financials – First-half-year 2020

Economy – CAPEX slowdown in machinery industry since mid-2018

Machines

Service

Chemicals

Investment Expenditure / CAPEX

IFO Juni 2020

Business expenses / OPEX

• Service and Repairs
• Consumer goods

First-half-year 2020 – Business in second quarter affected by impacts of Covid-19-pandemic

First-half-year 2020 - Revenue by region

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First-half-year 2020 - EBIT by region

⁸ | Conference Call: First-half-year report 2020 | WashTec AG

First-half-year 2020 – Revenue by product

Consolidated Income Statement

	H1 2020	H1 2019	in €m change absolute
Revenue	175.4	199.1	-23.7
Gross profit	100.7	113.7	-13.0
Gross profit margin (in %)	57.4	57.1	-
Personnel expenses	66.6	71.7	-5.1
Personnel expenses ratio	38.0	36.0	-
Other operating expenses*	23.2	27.3	-4.1
Amortization, depreciation and impairment	8.2	8.1	0.1
EBIT	5.2	9.3	-4.1
EBIT margin (in %)	3.0	4.7	-
EBT	4.8	9.0	-4.2
Tax expenses	2.7	4.6	-
Net income	2.1	4.4	-2.3
EPS (€)	0.16	0.33	-0.17
ROCE (in %)	16.1	22.3	-

*Including expense from impairments of trade receivables and other taxes

Consolidated Balance Sheet		in €m
	June 30, 2020	Dec 31,2019
Balance Sheet Total	260.9	274.9
Goodwill	42.3	42.3
Equity	86.0	84.5
Equity ratio at reporting date (in %)	33.0	30.7
Net Financial Debt	46.4	56.4
Net Operating Working Capital	86.5	96.2
Net cash flow from investing activities	-1.5	-6.8
Free cash flow	13.6	15.0
Employees at reporting date (people)	1,795	1,874

Operational excellence at WashTec

Digital transformation – Innovation SmartCare

• Monday or Saturday, summer or winter, rain or shine: optimum flexibility for maximum carwash custom every day
• Automated metering according to wash program for chemicals
• For operators: Remote access to easily manage system settings from any location – no special knowledge required
• For end users: Easy and efficient wash program selection and payment
• Equipment connected to online service system for rapid troubleshooting

Guidance 2020

		Annual Report 2019	Q1 2020	H1 2020	Q3 2020
Revenue		stable	April 4th, 20:	decrease 15% - 20%
EBIT		slight increase	Ad-hoc disclosure WashTec	decrease EBIT margin: 3% - 5%
Free cash flow		significant increase	withdraws outlook 2020 due to the effects of the	increase
Regions	Europe	Europe
		Revenue stable and EBIT slight increase	COVID-19 pandemic on business	Revenue and EBIT decrease
		North America		North America
	Revenue and EBIT slight increase	Compared to the prior year, WashTec presumably anticipates an unforeseeable	Revenue decrease and EBIT increase
		Asia/Pacific	decline in revenue and EBIT.	Asia/Pacific
		Revenue stable and EBIT slight increase		Revenue and EBIT increase

Publication of half-year report
Baader Investment Conference, Munich
Publication of Q3 Statement
Eigenkapital Forum Online

| Conference Call: First-half-year report 2020 | WashTec AG

WashTec performance

▪ The negative effects of the COVID-19 pandemic were also very clearly reflected in the development of the share indices.

▪ The SDAX also deteriorated significantly by 7,8%.

19 | Conference Call: First-half-year report 2020 | WashTec AG