Slide 1: FY 2022 Results
-_< FY 2022 Results Brenntag SE March 8, 2023 BRENNTAG
Slide 2: 1. Highlights 2022
FY 2022 Results 1. Highlights 2022 Presentation
Slide 3: Highlights FY 2022
Highlights FY 2022 SALES (fx adj.) +28% EUR 19.4 bn FREE CASH FLOW > EUR 1bn +129% vs. 2021 OPERATING GROSS PROFIT (fx adj.) +20% EUR 4.3 bn PROJECT BRENNTAG OVERACHIEVED ~EUR 250m Op. EBITDA One year ahead of plan OPERATING EBITDA (fx adj.) +27% EUR 1.8 bn SHARE BUYBACK EUR 750m = Program to start
Slide 4: FY 2022 recap
FY 2022 recap = 2022 was dominated by a highly challenging macroeconomic environment = Brenntag managed to maintain flawless operations and largely uninterrupted supply = Geopolitical uncertainties and various cumulating regional factors impacted global supply chains = Long-standing, well-establishe
Slide 5: Successful delivery of Project Brenntag ahead of schedule
Successful delivery of Project Brenntag ahead of schedule Operating Go-to-market Site network People & model approach optimization change Right sizing headcount nar? Two distinct world Clear customer P A Key objective aeons segmentation Reduced complexity and refreshing leadership Successfully . . .
Slide 6: Enabling future growth through sustained M&A execution in line with our strategy
Enabling future growth through sustained M&A execution in line with our strategy Strong M&A track record and increased budget... ... to focus on our growth pillars Accelerate growth in Life Science globally €400-500m Enhance strategic capabilities and market positions €200-250m -¢225m 2020-2022 Avg.
Slide 7: Leading the creation of a sustainable ecosystem with significant progress made on 2022 targets
Leading the creation of a sustainable ecosystem with significant progress made on 2022 targets 2022 target achievements and additional highlights Key 2023 targets = =e a I » I ie _aaaag i yn 4 ; fy Hn ; ; Lis ie L Et = Brenntag = COze emissions = Living Wages = Establishment received the reduction o
Slide 8: 2. Financial performance 2022
FY 2022 Results Presentation 2. Financial performance 2022
Slide 9: Operating EBITDA bridges
Financials FY 2022: Operating EBITDA bridges” Reconciliation - Operating EBITDA growth (FX-adj.) inEURm +27% 325 a a 83 Ea | FY 2021 FX translation M&A Organic FY 2022 contribution growth FX translation Hl M&A contribution Segment - Operating EBITDA growth (FX-aqdj.) inEURm +32% +28% +27% -59 mot 7)
Slide 10: Brenntag Specialties
Financials FY 2022: Brenntag Specialties Operating EBITDA growth” EMEA +24% Focus industries (GP dev.) Nutrition Pharma Personal Care/HI&l Water treatment Material Science DVR |D > Lubricants ) 10 “Growth rates are adjusted for translational FX-effects AMERICAS +48% APAC +24% Brenntag Specialties de
Slide 11: Brenntag Essentials
Financials FY 2022: Brenntag Essentials Operating EBITDA growth” EMEA LATIN AMERICA +43% +3% NORTH AMERICA APAC +25% -15% G) 11 Growth rates are adjusted for translational FX-effects Brenntag Essentials showed a strong performance and achieved substantial growth in FY 2022 Strong Op. Gross Profit of
Slide 12: Income statement
Financials FY 2022: Income statement in EURMm FY 2021 A AFX adjusted Sales 19,429.3 14,382.5 35.1% 27.7% Cost of materials -15,110.3 -11,003.5 37.3% - 4,319.0 3,379.0 27.8% 20.3% Operating expenses -2,510.4 -2,034.4 23.4% 16.1% 1,808.6 1,344.6 34.5% 26.7% Depreciation -296.9 -262.7 13.0% 6.6% 1,511.
Slide 13: Free cash flow
Financials FY 2022: Free cash flow in EURm FY 2022 Operating EBITDA Payments to acquire intangible assets and property, plant and equipment A Working capital) Principal and interest payments on lease liabilities Free cash flow () 13 Based on average fx. rate excl. M&A 1,808.6 - 267.2 - 385.7 - 150.6
Slide 14: Working capital
Financials FY 2022: Working capital in EURm 30Sep 2022 30Jun2022 31Mar2022 31Dec 2021 Inventories 1,773.8 2,019.8 2,015.8 1,807.8 1,621.9 + Trade receivables 2,676.8 3,029.6 3,081.1 2,796.9 2,290.2 _/. Trade payables 1,862.0 2,108.0 2,240.8 2,109.4 1,802.3 2,588.6 2,946.3 2,856.1 2,495.3 2,109.8 Wor
Slide 15: Balance sheet and maturity profile
Financials FY 2022: Balance sheet and maturity profile in EURm 31 Dec 2022 [EMD eral inEURM = ee 1 I v Financial liabilities 2,661.5 2,329.7 I ESG- linked , Eurobond & SSD Synd. Loan? I Lease liabilities 434.3 445.6 | Syndicated Eurobond & SSD Loan? ./. Cash and cash equivalents 1,046.1 705.0 SsD Ne
Slide 16: Total shareholder return of €1.06bn planned for 2023, including both dividend and share buyback
Total shareholder return of €1.06bn” planned for 2023, including both dividend and share buyback Consistently growing dividends since IPO Introducing share buyback program in EUR per share 135 145 9 1.00 1.05 1.10 2.00 2 1.20 1.25 0.87 0.9 0.67 0.80 a L L i UJ 2010 2011 2012 2013 2014 2015 2016 2017
Slide 17: 3. Horizon - Strategy to win
FY 2022 Results Presentation 3. Horizon 2 - “Strategy to win”
Slide 18: Strategy to win - shaping the future of sustainable chemical & ingredients distribution
“Strategy to win” - shaping the future of sustainable chemical & ingredients distribution Accelerate growth through differentiated steering of BSP and BES toleverage innovation and global reach i aw : i : Hardwire excellence to sustain 6 2 ] market outperformance y Be a frontrunner in Digital & . Da
Slide 19: Update on Management Board
Update on Management Board Special Expertise: = Executive with broad international leadership experience in General Management, Sales, Commercial Excellence, M&A and Procurement within the chemical industry Career highlights: = 2021-2023: Chief Commercial Officer Performance Coatings and member of t
Slide 20: 4. Outlook
FY 2022 Results Presentation 4. Outlook
Slide 21: Outlook 2023
Outlook 2023: Well positioned in an exceptionally challenging environment Operating © EBITA Guidance [ [ i Comments Macro environment Additional 1 information Qa FY 2023 operating EBITA guidance of EUR 1.3-1.5bn This is equivalent to an operating EBITDA of EUR 1.6-1.8bn Guidance includes the potenti
Slide 22: Christian Kohlpaintner CEO, Kristin Neumann CFO
Christian Kohlpaintner Kristin Neumann CEO CFO
Slide 23: 5. Appendix
FY 2022 Results Presentation 5. Appendix
Slide 24: Recapping our FY 2022 Guidance
Recapping our FY 2022 Guidance | March 2022 June 2022 Y Operating EBITDA EUR 1,450 - 1,550m EUR 1,750 -1,850m Guidance achieved ) ) ) ) Maintaining Capital allocation supply was key to according to success promise at CMD Guidance raised in Business model June 2022 proofed resilience 24
Slide 25: Segments (1/2)
Financials FY 2022: Segments (1/2) inEURm Operating Gross Profit! FY 2021 Brenntag Essentials 2,608.6 2,066.9 Brenntag Specialties 1,678.3 1,283.2 Allother segments 32.1 28.9 Brenntag up. 4,319.0 3,379.0 inEURm Operating EBITA FY 2021 Brenntag Essentials 910.8 619.6 Brenntag Specialties 738.0 534.9
Slide 26: Segments (2/2)
Financials FY 2022: Segments (2/2) in EURm Essentials EMEA 969.6 Essentials North America 1,342.5 Essentials Latin America 176.9 Essentials APAC 119.6 Specialties EMEA 725.0 Specialties Americas 664.3 Specialties APAC 289.0 Operating Gross Profit» External sales less cost of materials 21Segment Oper
Slide 27: Cash flow statement
Financials FY 2022: Cash flow statement in EURm FY 2022 FY 2021 Profit after tax 902.5 461.4 Loss on the net monetary position 16.3 - Depreciation & amortization 406.4 373.5 Income taxes 332.4 188.9 Income tax payments - 344.9 - 222.5 Interest result 92.1 59.5 Interest payments (net) - 110.6 -49.5 (
Slide 28: Cash flow statement (continued)
Financials FY 2022: Cash flow statement (continued) in EURm FY 2022 FY 2021 Proceeds from the disposal of other financial assets Proceeds from the disposal of intangible assets and property, plant and equipment Payments to acquire consolidated subsidiaries and other business units Payments to acquir
Slide 29: Operating EBITDA bridges Q4 2022
Financials Q4 2022: Operating EBITDA bridges” Reconciliation - Operating EBITDA growth (FX-adj.) inEURm -3% 16 -12 a Q4 2021 FX translation M&A Organic Q4 2022 contribution growth FX translation J Hl M&A contribution Segment - Operating EBITDA growth (FX-aqdj.) inEURm -12% +17% -3% 12 -30 4 37 | a |
Slide 30: Income statement Q4 2022
Financials Q4 2022: Income statement in EUR m Q4 2022 Q4 2021 A A FX adjusted Sales 4,734.5 4,041.7 17.1% 11.3% Cost of materials -3,704.3 -3,128.2 - 1,030.2 913.5 12.8% 7.0% Operating expenses -678.1 -667.2 19.6% 13.0% 352.1 3463 17% 2.9% Depreciation -80.6 -70.8 13.8% 8.3% 215 2756 1.5% 6.8% Net i
Slide 31: Segments (1/2) Q4 2022
Financials Q4 2022: Segments (1/2) inEURm Operating Gross Profit! Q42024 Brenntag Essentials 653.8 661.1 Brenntag Specialties 370.7 355.7 Allother segments 5.7 6.7 Brenntag up. 1,030.2 913.5 inEURm Operating EBITA Q42021 Brenntag Essentials 191.0 148.5 Brenntag Specialties 125.0 141.4 Allother segme
Slide 32: Segments (2/2) Q4 2022
Financials Q4 2022: Segments (2/2) in EURm Operating Gross Profit Operating EBITDA” Conversion Ratio Q4 2022 Q42021 4 adjusted Q4 2022 Q42021 4 adjusted Q4 2022 Q42021 Specialties EMEA 168.0 153.8 2.7% 6.2% 51.6 70.7 -27.0% -22.9% 32.7% 46.0% Specialties Americas 148.5 136.6 8.7% -3.0% 60.0 51.8 15.
Slide 33: Free cash flow Q4 2022
Financials Q4 2022: Free cash flow in EURm Q4 2022 Payments to acquire intangible assets and property, plant and equipment -118.4 A Working capital 261.8 Principal and interest payments on lease liabilities -44.3 Free cash flow 451.2 Q4 2021 346.3 -89.4 -132.3 -33.2 775 A 1.7% 32.4% -297.9% 33.4% 48
Slide 34: Cash flow statement Q4 2022
Financials Q4 2022: Cash flow statement in EURm Q4 2022 Q4 2021 Profit after tax 105.6 63.0 Effect from IAS 29 on profit/loss after tax 74 - Depreciation & amortization 137.8 89.9 Income tax expense 42.3 25.9 Income taxes paid -85.5 -68.3 Net interest expense 27.3 18.2 Interest paid (netted against
Slide 35: Cash flow statement (continued) Q4 2022
Financials Q4 2022: Cash flow statement (continued) in EURm Q4 2022 Q4 2021 Proceeds from the disposal of other financial assets Proceeds from the disposal of intangible assets and property, plant and equipment Payments to acquire consolidated subsidiaries and other business units Payments to acquir
Slide 36: Financial calendar / contact
Financial calendar / contact ~ Date Event May 10, 2023 Interim Report Q1 2023 Brenntag SE June 15, 2023 General Shareholders’ Meeting Corporate Investor Relations Phone: +49 (0) 201. 6496 2100 Fax: +49 (0) 201 6496 2003 August 9, 2023 Interim Report Q3 2023 E-mail: ir@brenntag.de Web: www.brenntag.c
Slide 37: Disclaimer
Disclaimer This presentation may contain forward-looking statements based on current assumptions and forecasts made by Brenntag SE and other information currently available to the company. Various known and unknown risks, uncertainties and other factors could lead to material differences between the