WashTec AG — Investor Presentation 2023

Feb 8, 2023

Driving customer success in the car wash business: Sustainability and digitalization

Dr. Ralf Koeppe CEO/CTO, Andreas Pabst CFO

Hamburger Investorentage Hamburg | February 8th, 2023

Our Mission: Sustainable Car Wash

Smart Machines

Clean Cars

Water Recycling

Green Chemicals

Digital Platform

We serve global and local customers

We are entrepreneurs at WashTec: Our goal no 1 customer benefit is driving sustainable growth and profitability

We are professionals in our area of expertise, set ourselves the highest standards and are constantly developing our skills.

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WashTec is world market leader with an installed base of 40,000 units.

2022 at a glance – preliminary figures

New all-time high Revenue: +12% vs. PY; tailwind from own price increase and FX; market share enlarged

EBIT Margin with 8% below PY (11%). Caused mainly by material price increases and productions inefficiencies to secure customer delivery needs

Free Cashflow influenced by result and higher inventories

Revenue

€ 482m (PY € 431m)

EBIT

€ 38m (PY € 46m)

Free Cashflow

€ 16m (PY € 42m)

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

• Seasonality: WashTec normally shows low first quarter and high fourth quarter
• 2022: in terms of Revenue each quarter exceeded PY
• Q4/22 best quarter ever
• Strong growth in North-America (2022 revenue first time > € 100m)

EBIT* performance in € million by quarter and for the full year preliminary figures

• Overall material price increases and productions inefficiencies due to disruption of supply chain gives pressure on margins in 2022
• 2022: quarterly increase of EBIT margin
• Q4/22 EBIT margin back on PY level

Car wash as a resilient & sustainable business model

Global car wash markets – basic data and market position

CAR WASH MARKET

1) UNECE, eurostat, etc. 2019 2) Market development, WT estimate	Europe	North America	Asia/Pacific	Others
Numbers of cars1	337 Mio.	326 Mio.	469 Mio.*	195 Mio.
Installed base	>55,000	>50,000	~40,000	~2,500
Market growth²
Market stage	Volume markets demanding regarding quality and convenience	Volume markets more new sites/convenience – oriented	CN: >90% hand wash/ AUS, NZ see core Europe JP, KOR not contestible	(<1%)

*thereof 300 Mio. cars in China (2021) https://autonews.gasgoo.com/china\_n ews/70019540.html

CAR WASH MARKET POTENTIAL³/ 2030 Vision (CMD April 2022)

3) Including Equipment, Service, Chemicals	Europe	North America	Asia/Pacific	Others	Global
Total potential (Mio. EUR)	1,380	1,710	1,010	300	4,450
Actual market (Mio. EUR)	980	1180	490	100	2,410
WashTec sales (Mio. EUR)	349 / 435	77 / 230	18 / 135	included in Europe	431* / 800
WashTec market share	34%* / 35-40%	7-10% / 15-20%	4% / 10-20%	~5%

Source: WashTec market intelligence *consolidated number / base

We are committed to integrating sustainability into our business model

• 1. Comprehensive sustainability reporting
• 1. Prepared for EU Taxonomy and Corporate Sustainability Reporting Directive (CSRD)
• 1. WashTec Sustainability Report 2021

Innovation & leadership in sustainable car wash

Digital Transformation Connectivity & Smart Services

Connected machines deliver valuable data

Covid lockdown-effects (expected wash numbers above actual wash numbers)

A look into actual wash behaviour*

mywashtec.com is THE NEW PLATFORM that gives our customers access to WashTec's digital offers.

mywashtec.com thus forms the bridge to the digital services ...

Gain efficiency insights thanks to smart, data-driven reports about your connected machines

Thanks to subscriptions, you can increase your wash business and profit regardless of the weather and increase customer loyalty.

Order conveniently and at lightning speed: around the clock access to all products and spare parts - on personal terms

Control your wash park for more convenience and more profit

WashTec has the biggest own service network in core markets

WashTecs' SmartCare – the first digital carwash machine

Remote connectivity and diagnostics Individual control of all settings: pricing, chemical dosing or washing programs Wash program configuration simple and perfectly adaptable to the wash business. Intelligent control: For maximum wash quality, speed and revenue Customizable

Global Tunnel Program based on 2 scalable world platforms

* Source: WashTec analysis

Green Car Care – Own tailored made Chemicals for advanced cleaning results and eco-friendliness

Sustainable along the entire value chain from the selection of raw materials to production and product use to waste prevention and recycling.

Water Treatment enables substancial Fresh Water savings per wash

RECYCLED WATER

FOR BRUSH WASH, HIGH PRESSURE & UNDER CHASSIS WASH

RECYCLED WATER

FRESH

WATER

FRESH WATER FOR WAX, POLISH, DRYING AID & RINSING

19 | Hamburger Investorentage | February 8th, 2023 | WashTec AG Source: WashTec analysis

Water Treatment

Water consumption of fresh water (in liters per wash)*

20 | Hamburger Investorentage | February 8th, 2023 | WashTec AG

Water Treatment is more prevalent in certain regions than in others.

Source: WashTec Market Intelligence

Installed Base WashTec Rollover with Water Treatment without Water Treatment vs. with Water Treatment

Source: WashTec Market Intelligence

Water Costs are rising. 2022 vs. 2017 in EUR per cubic metre (1 m³ = 1000 Liters)

Combined tariff for fresh water and waste water for private households. Source: International Benchmarking Network for Water and Sanitation Utilities (IBNET)

Global Trends make Water Treatment more relevant in the future.

HIGHER COSTS

FRESH WATER WASTE WATER

Hamburger Investorentage | February 8th, 2023 |

23 |

WashTec AG

STRICTER LAWS

DISCHARGE LIMITS (RE-)USE OF WATER

CUSTOMER DEMANDS

RESULTS SUSTAINABILITY

Dedicated to eco-efficiency

Care for people & culture Social

Financial Calendar 2023

Date	Event
March 30, 2023	Annual Report Financial press conference
May 4, 2023	Q1 Statement
May 15, 2023	Annual General Meeting
August 3, 2023	Half-yearly financial statement
November 2, 2023	Q3 Statement

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.