WashTec AG — Investor Presentation 2021

Mar 31, 2022

Annual report 2021 | March 31, 2022

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

Update on WashTec

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2 | Annual report 2021 | March 31, 2022 | WashTec AG

Potential impact of the Russia-Ukraine war and shut-downs in China

• Revenue with Russia, Belarus and Ukraine below 1%, planned projects stopped
• Supply chains are not directly affected, since WashTec has no tier 1 suppliers in this region

Supply chains may be indirectly affected as indicated in the daily news:

• risk of supply shortage of components for steel production leading to price increases
• bottlenecks in the transport sector, due to Ukrainians truck drivers returning to their country
• short term shutdowns in China due to SARS-CoV-2

We will act proactive and secure the supply chain as done successfully in 2021

Year 2021 – Results and selected achievements

Year 2021 – Results and selected achievements

Data! - Sahara dust effect on washes per week / equipment in Germany

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Annual report 2021 | March 31, 2022 | WashTec AG Source: Machine Database WashTec, 2022

Tunnel business – Activities and projects in North America and Europe

SL 1 Tunnel Washington State

ICA Show November 2021 newsletter

Annual report 2021 | March 31, 2022 | WashTec AG 7 |

Quarterly

SL 2 Tunnel Waschpark Kaiserslautern with inclusion concept for handicapped employees

2 FY 2021 results

8 | Annual report 2021 | March 31, 2022 | WashTec AG

2021 at a glance – recovery to pre-crisis level

Strong revenue growth across all major segments and products

Q4 revenue was one of the strongest in the company's history

Adjusted EBIT margin at 10% - impact of material price increase visible in Q4

Continuing strong cash despite WC ramp up due to significant down payments

Revenue
€ 430.5m up 13.7%
Adjusted EBIT
€ 43.0m up 68.0%
FCF after lease payments
€ 34.5m down 6.5%

After a soft start into the year, strong growth in Q2 - Q4 across all major segments and customer types

Revenue performance in € million by quarter and for the full year

Q4 EBIT margin impacted by material price increases. Time lag between own sales price increase and inflation

Strong revenue growth in all product groups

in € million

Annual report 2021 | March 31, 2022 | WashTec AG 12 |

EBIT increase driven by revenue growth and improvements

One-off income in 2021 relates to subsidies in the US

Strong growth in Europa and the US

• Europe: Strong recovery, both in direct business as in Key Account business
• NA: Strong recovery in particular in key account business
• Asia-Pacific: Impacted by lockdown in Australia and challenges in direct sales in China

Strong EBIT margin in Europe. US impacted by supply chain disruptions

High cash flow generation despite volume increase of business

	2020	2021	∆
Cashflow from operating activities	46 3 ,	45 7 ,	-0 6 ,
Cashflow from investing activities	-0 7 ,	-3 4 ,	-2 7 ,
lease Finance	-8 7 ,	8 -7 ,	0 9 ,
after lease FCF payments	36 9 ,	34 5 ,	-2 4 ,
Cashflow from financing activities	-0 8 ,	-31 6 ,	-30 8 ,
FX	-0 6 ,	0 9 ,	1 5 ,
Change cash & cash equivalents in	35 5 ,	3 8 ,	-31 7 ,
	Dec 2020	Dec 2020	∆
Cash and cash equivalent	19 9 ,	18 1 ,	-1 9 ,
Bank liabilities	-19 1 ,	-13 5 ,	5 6 ,
/ debt cash Net position	0 8 ,	4 5 ,	3 7 ,

Year-to-date (December)

AR and Inventory increase nearly offset by higher liabilities

WC as a % of revenue down 1%. ROCE over 25%. Equity ratio at 37%

Guidance 2022 – following our growth strategy*

	2021	Guidance 2022*
Revenue	€ 430.5m	€ 450 - 470m
Adjusted EBIT	€ 43.0m	€ 45 - 48m
FCF after lease payments	€ 34.5m	€ 28 - 32m
ROCE	25.8%	25 - 27%

* Guidance does not reflect any further repercussions from the war in Ukraine

| Annual report 2021 | March 31, 2022 | WashTec AG

Financial Calendar 2022

April 7, 2022

Investor Day

April 28, 2022

Quartely Statement Q1 2022

July 28, 2022

Q2 Report 2022

October 27, 2022

Quartely Statement Q1–3 2022

May 16, 2022

Annual General Meeting 2022

November 28 – 30, 2022

Equity Forum, Frankfurt

Disclaimer

Cautionary note with regard to forward-looking statements: This document contains forward-looking statements and statements of future expectations that reflect management's current views and assumptions with respect to future events. Such statements are subject to known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied and that are beyond WashTec AG's ability to control or estimate precisely. In addition to statements which are forward-looking by reason of context, the words 'may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue' and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those statements due to, without limitation, (i) general economic conditions, (ii) future performance of financial markets, (iii) interest rate levels (iv) currency exchange rates (v) the behaviour of other market participants (vi) general competitive factors (vii) changes in laws and regulations (viii) changes in the policies of central banks, governmental regulators and/or (foreign) governments (ix) the ability to successfully integrate acquired and merged businesses and achieve anticipated synergies (x) reorganization measures, in each case on a local, national, regional and/or global basis. WashTec AG does not assume any obligation and does not intend to update any forward-looking statements to reflect events or circumstances after the date of these materials.

No obligation to update information: Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. WashTec AG does not assume any obligation and does not intend to update any information contained herein.

No investment advice: This presentation is for information only and shall not constitute investment advice. It is not intended for solicitation purposes but only for use as general information. All descriptions, examples and calculations contained in this presentation are for illustrative purposes only.

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.