WashTec AG — Investor Presentation 2020

Apr 28, 2020

Conference Call Q1 Statement 2020 April 28, 2020

COVID-19 situation as of today: Impact in Q2 expected - Pandemic and regulatory implications too early to assess finally

Current situation

Management priorities

• Top priority: protect the health and safety of employees
• Ensure business continuity
• Focus on Cash Management
• Accelerate operational excellence and innovation

Supply chain

• Continuous monitoring of supplier base
• Managing plant productivity and working capital under installation restrictions

China

• Production resumed and "normal operation"
• Sold machines almost at last year's level
• Service activity at over 90% due to few travel restrictions

Challenges

Machines & installation

• Installation of machines by key-account customers postponed
• Customer sites closed due to authority order

Service business

• service delivery delays due to customer demand / access
• Authority & travel restrictions
• thus partial decline in number of washes

Strengths

• Global footprint as strength to counterbalance risks
• Strong balance sheet
• Digitalization

WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020

WashTec's factors of success

• Business model
• Customer benefit, Entrepreneurship, Digitalization
• WashTec Performance Program
• Digital transformation

Business model

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Customer benefit, Entrepreneurship, Digitalization

WashTec Performance Program

Operational Excellence	Sales & Service Excellence	Engineering Excellence	Supply Chain Excellence
	Performance based sales & service	Innovative customer centric solutions	Connected and agile value stream
Digital Excellence	Digitalization	of value chain, product & service	portfolio
Simplicity	Lean product	portfolio, lean values	streams, easy to sell

Headcount
reduction /
restructering

• Overall HC Reduction accelerated
• Strong restructuring program North America in preparation
• Supply chain temporary workers released / Preparation for short-time work implemented

Example: Evaluation of the wash figures in Q1 2020 [avg. washes]

Germany:

China:

Financials

Effects of the COVID-19 pandemic clearly noticeable at the end of the first quarter

Free cash flow significantly increased by 10.8 Mio.€

*Change Q1 2019 vs Q1 2020

Q1 – Revenue per region

WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020 12

Q1 – Revenue by product segement

Consolidated Income Statement

	Q1 2020	Q1 2019	ﺍﻟﻠﻪ ﺍﻟﻠ change absolute
Revenue	87.3	92.3	-5.0
Gross profit	51.2	53.7	-2.5
Gross profit margin (in %)	58.6	58.2	-
Personnel expenses	34.8	35.7	-0.9
Personnel expenses ratio	39.9	38.7	-
Other operating expenses*	13.2	13.3	-0.1
Amortization, depreciation and impairment	4.0	4.1	-0.1
EBIT	1.7	2.6	-0.9
EBIT margin (in %)	1.9	2.8	-
EBT	1.6	2.5	-0.9
Tax expenses	1.8	2.0	-0.2
Net income	-0.2	0.5	-0.7
EPS (€)	-0.02	0.04	-0.7
ROCE (in %)	17.6	26.4	-

Consolidated Balance Sheet

Guidance 2020

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

WashTec Performance

in % Share Performance 0.0 WashTec SDax

• 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 26.09%.

Mar`19

Oct`19

Apr19 Mar20

Jun19 Dec19

April 28, 2020	Publication of Q1 Statement
July 28, 2020	Publication of half-year report
October 27, 2020	Publication of Q3 Statement
November 16-18, 2020	Eigenkapital Forum, Frankfurt

WashTec AG | Conference Call Q1 Statement 2020 | Augsburg, April 28, 2020

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 materialize 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.