Brenntag Se · XETR:BNR
Brenntag — Q3 2023 Earnings Presentation
92 slides from Brenntag's earnings presentation, November 2023
Slide 1: Investor Presentation November 2023
uy — | ~ Investor Presentation November 2023 BRENNTAG
Slide 2: 1. Introduction to Brenntag
Investor 1. Introduction to Brenntag Presentation
Slide 3: Brenntag is the undisputed and resilient leader in chemicals and ingredients distribution
Brenntag is the undisputed and resilient leader in chemicals and ingredients distribution delivering consistent growth S03 Our unique platform... |... is outperforming” P . ~3x Op. EBITA si IPO ivalent t Global market leader with superior offering Operating Gross Profit “nn aren since equivalent to
Slide 4: Two global divisions: Brenntag Specialties and Brenntag Essentials
Two global divisions: Brenntag Specialties and Brenntag Essentials Brenntag Specialties Brenntag Essentials EUR 1.7bn EUR 738m FY 2022 Op. Gross Profit FY 2022 Operating EBITA 1,000’s ~100k Suppliers Customers 81 >400 Application labs Sites Highly specialized performance chemicals & ingredients Indu
Slide 5: Brenntag is the only true global player in both Specialties and Industrial markets
Brenntag is the only true global player in both Specialties and Industrial markets in 2022 Sales FY22 — . in EUR bn Brenntag’s differentiato: Brenntog |S 7.9 Technical expertise delivered via 81 IMCD 4.6 We are the largest application laboratories Specialties specialties player Azelis AL leveraging
Slide 6: Sustainable track record of compounding growth
Sustainable track record of compounding growth Operating EBITA , ; in EURm CAGR Profit growth consistently above ~9% chemicals manufacturing growth Ability to protect margins even in macro downturns Operating EBITA margin remains stable across cycle 805 699 695 717 754 758 572 S11 507 627 399 398 32
Slide 7: Distributors perform a value-added function with economies of scale
Distributors perform a value-added function with economies of BD BRENNTAG Purchase ' Sourcing from various suppliers, leveraging global scale and regional network Storing and inventory management Provide logistics solutions Managing transportation complexity Filling, Packaging & L ing Repackaging fr
Slide 8: Comparison of different ecosystem key constituents
Comparison of different ecosystem key constituents “What we are” “What we are not” BRENNTAG Chemical Producer Manufacturing Product portfolio Narrow L Customer base Narrow Customer o ize Large Delivery method Truckload and larger Fixed assets High intensity ed asset flexibility Narrow purpose Raw ma
Slide 9: Purpose
Purpose Connecting with products, knowledge and innovation Fostering a sustainable future Caring for human needs Vision 2030 We shape the future of our industry by empowering our partners within networks driving collaboration, excellence and shared success We are guided by our purpose and vision bas
Slide 10: ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
Slide 11: 2. Horizon 2: Strategy to win
Investor Presentation 2. Horizon 2: “Strategy to win”
Slide 12: Brenntag is undergoing a significant and multidimensional transformation
Brenntag is undergoing a significant and multidimensional transformation Brenntag empowers divisions for accelerated strategy execution by evolving operating model and governance structure - Ewout van Jarwaarde and Michael Friede appointed as divisional CEOs Old Model Horizont; “Project Brenntag i)
Slide 13: Increasing specialisation of suppliers requires an evolution in distributors' capabilities
Increasing specialisation of suppliers requires an evolution in distributors’ capabilities = ARKEM\A AsahiKASE] = °/' Ashland CLARIANT®™ <> Gosm DUPONT) «= Gevonik = ExonMobil <> Formosa Plastics! Reubach — LANXESS. «= @LGChem — LOMZE—Wondellbasell WAL PP wciooncs Nouryon QD) — Msnoctem (WACKER “Tor
Slide 14: Leadership in both markets requires two tailored strategies
Leadership in both markets requires two tailored strategies Key industry requirements Reinforce supplier strategies to drive growth Offer specific customized solutions Master Digital & Data driven business models Foster sustainability trends Drive market consolidation and efficiency gains Source: BC
Slide 15: Customer needs are becoming more differentiated, requiring tailored propositions
Customer needs are becoming more differentiated, requiring tailored propositions Application Industrial customers = Focus on “no frills” Specialties customers = Focus on technical expertise and innovation = Delivery with seamless Specialties operational integration = Comprehensive product portfolio
Slide 16: Brenntag connects key stakeholders across the distribution ecosystem
Brenntag connects key stakeholders across the distribution ecosystem Employees Politics/ regulator Customers Supply partners Local A communities Indirect suppliers Service & technology partners End consumers (broader public) Product-, knowledge- and innovation-driven interconnected ecosystem of part
Slide 17: Strategy to win - shaping the future of sustainable chemical & ingredients distribution
“Strategy to win” - shaping the future of sustainable chemical & ingredients distribution Accelerategrowththrougn ace DiDEXY differentiated steering of i BSP and BES to leverage Hardwire excellence to sustain innovation and global reach : aN market outperformance C y Be a frontrunner in Digital & .
Slide 18: Horizon leads to BSP and BES with specific strategies
Horizon 2 leads to BSP and BES with specific strategies, differentiated core capabilities and shifting operating models Brenntag Specialties Brenntag Essentials Telleieesigetcehm™ Global go-to service partner Local strengths, global expertise, reliable partner NX’ N~ = Value-added services = Cost-ef
Slide 19: Differentiated steering of BSP and BES reflected in management and organizational structures
Differentiated steering of BSP and BES will be further reflected in management and organizational structures Amongst others: * Strategic direction of the group JERE Group * Investor Relations Overarching umbrella Capital and Top Leadership/Talent allocation Governance, Compliance, and Policies 507 B
Slide 20: Brenntag Specialties: Be the global specialties go-to-service partner
Brenntag Specialties: Be the global specialties go-to-service partner for innovative and sustainable solutions BRENNTAC aa Increase Offer the most D B R E N N TAG value-added comprehensive service and sustainable folti . . ..to a global specialties partner food andatrong offering portfolio leading i
Slide 21: Operating in highly attractive end markets with a well diversified portfolio
Operating in highly attractive end markets with a well diversified portfolio Segment Attractiveness) Growth potential % Op. Gross Profit FY22 Food Ss | Market leading Specialties Persone Cre portfolio diversified across 5 3 Phi P| key end markets Science arma >» GDP +++ 60% HI&l J | AnimalNutiton Hi
Slide 22: Global network of application labs
Global network of application labs to deliver value-added and innovative solutions Application labs by end market Lubricants Material Science Life Science 9f Environmental ay Science Application labs by geographical coverage Americas EMEA Asia 81 laboratories Diversified across BSP end industries Gl
Slide 23: Strategically partnering with suppliers and customers in a solutions ecosystem
Strategically partnering with suppliers and customers ina solutions ecosystem External innovation partners? Comprehensive portfolio of >35k (ep) products from leading suppliers Ca] ( vs Customer and Value added + supplier support services B BRENNTAG Deep understanding of markets, products and consum
Slide 24: Brenntag Specialties strategic priorities to achieve our ambition
Brenntag Specialties strategic priorities to achieve our ambition Strategic ambition Be the global go-to-service partner for innovative and sustainable products 1 Increase Offer the most Expand global 4. Develop with Accelerate value-added comprehensive footprint high-growth M&A Strategic service an
Slide 25: BSP organized by global business units
BSP organized by global business units to better address its industry, customer and supplier environment BSP Executive Committee Michael Friede CEO BSP Strategy and M&A BSP. fl 1 Supplier & ' aan 1 Personal ' Pharma Care & Excellence BSP 1 Hla i i} ene Tee Global setup Services BSP @) 25. +Household
Slide 26: BSP will be externally reported in two segments
BSP will be externally reported in two segments - Life Science and Material Science effective January 15*, 2024 1 | Water Treatment 1 Stronger P&L 1 + Willbe accountability I transferred to l BES 1 1 * Combines the 1 I complete Water BSP steered . I Treatment through global business l product portfo
Slide 27: Brenntag Specialties: Sustainably delivering above market growth
Brenntag Specialties: Sustainably delivering above market growth Expanding into high growth regions | | and optimizing our portfolio and a | solutions capabilities 77 | Above market growth in Gross | 7 Profit is complemented by further selective acquisitions Streamlined industry focus and &© deep un
Slide 28: Brenntag Essentials: Connecting local strengths with global scale and expertise
Brenntag Essentials: Connecting local strengths with global scale and expertise BRENNTAG Am Local Global DB, BRENNTAG Efficient inland From a regional supply networks Interregional Global sourcing ..to strengthened global capabilities with regional leader in the and service product flows and supplie
Slide 29: Highly diversified geographic, industry and product spread make Essentials resilient
Highly diversified geographic, industry and product spread make the Essentials business resilient Op. Gross Profit (EUR m, 2022) Various APAC. manufacturing Energy Acids Services Performance North America Energy Materials Chemical Services Processing Other end 150k markets >5,000 EMEA customers <5%
Slide 30: Brenntag Essentials has unrivalled foundational strengths
Brenntag Essentials has unrivalled foundational strengths resulting in a clear competitive advantage wy 4 Ss A = i Unique localand Superior “Last mile” Professional and Globalsourcing of Strong geographic, Industry leading regional service excellence, experienced products across product, industry, s
Slide 31: Key strategic priorities for Essentials
A st Key strategic priorities to achieve accelerated, above market growth and strong cash conversion Strategic ambition Strengthen local and regional distribution networks in under- represented areas (i.e. NA, LA, APAC) Strategic priorities accelerated above market growth with strong cash conversion
Slide 32: BES will deliver last mile excellence and leverage global reach
BES will deliver last mile excellence and leverage our unique global reach to better serve our customers and suppliers ‘e Comm Truly leveraging Brenntag’s #1 market position and global presence Strengthening local execution, driving regional harmonization and excellence Ewout van Jarwaarde CEO BES B
Slide 33: Brenntag Essentials: Industry leading growth, profitability and cash generation
Brenntag Essentials: Industry leading growth, profitability and cash generation Medium term targets I Sustainable Gross Profit and EBITA I | hotter Organic Operating to) ) 1 os Gross Profit CAGRY 3% - 4% 7\ Product portfolio optimization focusing on profitability Organic Operating ° O, Improved inla
Slide 34: Brenntag digitally connects the industry ecosystem
17,500 Employees + \=¥ G oe am Several o 1,000s Si L pay gy Ea ja & 2 % Technology ol partners Cj 13,500,000+ Transactions 34 Note: Figures as of FY 2022 180,000 Customers Service and innovation partners Brenntag digitally connects the industry ecosystem Key connectors Unrivalled access to transacti
Slide 35: Brenntag to become the data- and tech-driven industry leader
Brenntag to become the data- and tech-driven industry leader with strong focus on operational excellence (a) Becoming easiest to do business with | Unlocking the value from our data ay Creating a scalable technology platform E31 Building capabilities to attract and retain talent [| Driving value del
Slide 36: Digital.Data.Excellence.
Digital.Data.Excellence. Becoming easiest Unlocking value Creating a scalable to do business with from our data technology platform Excellence through harmonized, Data- and Al-driven real-time Modular architecture, cloud first, industry-leading processes insights and decisions API first, and securit
Slide 37: Benefit of DiDEX will result in net annual EBITA uplift of EUR 200m by 2026
Benefit of DiDEX will result in net annual EBITA uplift of EUR 200m by 2026 Program is already delivering benefits ILLUSTRATIVE EUR 200m 80% Net annual EBITA uplift by From bottom line 2026 measures Benefits ~65% EUR ~350m OPEX Total investment until Costs 2026 to develop Digital & Data capabilities
Slide 38: Leading the creation of a sustainable ecosystem across the industry
Leading the creation of a sustainable ecosystem across the industry Circularity Sustainable product Selected mid- to long-term targets portfolio 100% green energy by 2025 and net 204: Clean zero by 2045 tech . 100% portfolio steering towards Suppliers Customers sustainability by 2025 Supply chain de
Slide 39: Brenntag well ahead of sector average in ESG
Brenntag well ahead of sector average and further strengthening its leading ESG position Memberships ; ~ " vauue andinitiatives er ee oor Bios, & N 500, ease TCFD| = Stitioaros UN Responsible “Together for Global inclusion DAX60 DAXESG Reporting Reporting Joined TCFD reporting Global Care/Distributi
Slide 40: Clear M&A strategy as an enabler of future growth
Clear M&A strategy as an enabler of future growth Key pillars of growth... ... translating into strategic plans Accelerate growth in Life Science globally Continued financial and integration discipline Enhance strategic capabilities and market positions Expand position in emerging markets in Special
Slide 41: Group financial 2026 targets at a glance
Group financial 2026 targets at a glance Digital.Data.Excellence / Self-help program Planned investments Growth and profitability 4% - 6% EUR 400-500m Organic Operating Gross Profit CAGR Annual M&A spend 6% - 8% EUR 200m EUR 300-350m Organic Operating EBITA CAGR Net annual EBITA uplift by 2026 Annua
Slide 42: 3. Key investment highlights
Investor Presentation 3. Key investment highlights
Slide 43: Investment highlights
Investment highlights ntag is the undisputed and resilient leader ga Two global market leaders with Itt superior offering: Brenntag mums Specialties & Brenntag Essentials Unparalleled product portfolio, . . . Tae Leading consolidator ina application know-how and -E , = : . ae highly fragmented marke
Slide 44: Resilient service and distribution platform with high diversification
Resilient service and distribution platform with high geographical and operational diversification ~600 Brenntag Group Brenntag Group Several thousands ~ 180,000 > 10,000 Operating Gross Profit 2022 Operating Gross Profit 2022 Various manufacturing APAC Americas Other end = Top 10 Top 102) Top 10%)
Slide 45: Distribution is an attractive and indispensable market
Distribution is an attractive and indispensable market, growing faster than chemical manufacturing Distributors are an indispensable channel... Chemical suppliers Reinforce suppliers’ strategy, e.g., brand proposition, value versus volume strategies, new product introduction and sustainability Compl
Slide 46: Brenntag is the undisputed global leader in a highly fragmented market
Brenntag is the undisputed global leader in a highly fragmented chemical and ingredients distribution market Chemical and ingredients distribution sales-based market share (%), 2021” . Top 6 have 12% market share USD 290 bn 88% Ss 1.3% 1.2% ee — 100% 5.0% | LJ D Univar Kolmar IMCD Sinochem Azelis Re
Slide 47: Brenntag is the leading consolidator in the industry
Brenntag is the leading consolidator in the industry M&A activity 2017-2022... ... with compounding value creation over time Number of deals EUR @ oe oe @ oe @ pa. 4.9bn Acquired revenue 2010 - 2022 ~3% Average share of M&A contribution ° to annual Op. EBITDA from 2010 - 2022 EUR M&A spend via 91 ac
Slide 48: Our capital allocation framework
Our capital allocation framework Capital allocation priorities = Brenntag’s capital structure and targeted investment grade credit rating define the boundaries of discretionary capital spending 7\ Reinvest in the business to support the strategy and long-term growth = We maintain a target leverage D
Slide 49: 4. Financials Q3 2023
Investor Presentation 4. Financials Q3 2023
Slide 50: Highlights Q3 2023
Highlights Q3 2023 SALES EUR 4.1 bn - 15.4% vs. PY (fx adj.) FREE CASH FLOW EUR 442 m Significantly higher vs. prior-year OPERATING GROSS PROFIT EUR 1 bn - 4.3% vs. PY (Fx adj.) SHARE BUYBACK 1st tranche executed A total of ~7m shares acquired and close to EUR 500 m spent OPERATING EBITA EUR 303 m -
Slide 51: Brenntag continued to manage challenging macroeconomic conditions well in Q3 2023
Brenntag continued to manage challenging macroeconomic conditions well in Q3 2023 Macroeconomic environment remains challenging Ongoing inflationary trends and geopolitical uncertainties Continued sluggish demand in certain end markets Slower demand pickup and normalized supply chains lead to declin
Slide 52: Brenntag continues its successful M&A strategy execution
Brenntag continues its successful M&A strategy execution YTD achievements Brenntag acquired 7 companies YTD More than EUR 370 m JA EV spent YTD “~G— Overall, 7 acquisitions in 2023 YTD M&A remains a key strategic mw! pillar for us and an enabler of future growth Well on track to reach our SY planned
Slide 53: Financials Q3 2023: Operating EBITA bridges
Financials Q3 2023: Operating EBITA bridges” Operating EBITA growth Segment - Operating EBITA growth inEURm inEURm - 15% - 20% -13% -15% Bay Pa 14 —+— -35 ‘ ea 384 384 ony 303 igs i : i : Q3 2022 FX translation M&A Organic Q3 2023 Q3 2022 Brenntag Brenntag Allother Q3 2023 contribution growth Specia
Slide 54: Financials Q3 2023: Brenntag Specialties
Financials Q3 2023: Brenntag Specialties Operating EBITA growth vs. PY) AMERICAS EMEA - 34.2% - 2.9% Focus industries (GP dev.) Nutrition APAC - 23.6% Pharma Personal Care/HI&l Water treatment Material Science Sh ole 1 Ae Lubricants ©) 54 1) Growthrates are adjusted for translational FX-effects Bren
Slide 55: Financials Q3 2023: Brenntag Essentials
Financials Q3 2023: Brenntag Essentials Operating EBITA growth vs. PY )) Brenntag Essentials continued to demonstrate its resilience in adverse market conditions and against a very strong Q3 2022 Op. Gross Profit of EUR 622.9 million, a decline of 3.5% vs. PY NORTH AMERICA EMEA - 3.8% - 24.5% Op. EB
Slide 56: Financials Q3 2023: Income statement
Financials Q3 2023: Income statement in EURMm | 982028 | Q3 2022 A AFX adjusted Sales 4,088.3 5,100.5 -19.8% -15.4% Cost of materials -3,087.7 -3,994.4 -22.7% - 1,000.6 1,106.1 -9.5% -4.3% Operating expenses -619.7 -646.4 -4.1% 0.8% 380.9 459.7 17.1% “11.5% Depreciation -78.2 -76.2 2.6% 7.8% 302.7 3
Slide 57: Financials Q3 2023: Free cash flow
Financials Q3 2023: Free cash flow Payments to acquire intangible assets and property, plant and equipment -60.5 A Working capita 160.2 Principal and interest payments on lease liabilities -39.0 Free cash flow 441.6 Working capital turnover (annualized)?) 7.2x Q D Based on average fx. rate excl. M&A
Slide 58: Financials Q3 2023: Working capital
Financials Q3 2023: Working capital in EURM 30Jun2023 31Mar2023 31Dec2022 30 Sep 2022 Inventories 1,459.8 1,547.6 1,661.8 1,773.8 2,019.8 + Trade receivables 2,481.0 2,519.4 2,693.1 2,676.8 3,029.5 ./. Trade payables 1,716.7 1,744.7 1,902.0 1,862.0 2,103.0 2,224.1 2,322.3 2,452.9 2,588.6 2,946.3 Wor
Slide 59: 5. Outlook
Investor Presentation 5. Outlook
Slide 60: Outlook 2023: Well positioned in a continuously challenging environment
Outlook 2023: Well positioned in a continuously challenging environment Operating (@) EBITA Guidance I [ j Comments Macro environment Additional 1 information @ 0 Brenntag specified its FY 2023 operating EBITA guidance range in Q2 2023 (EUR 1.3bn to EUR 1.4bn, equivalent to an operating EBITDA of EU
Slide 61: Our mid-term targets will deliver industry outperformance
Our mid-term targets will deliver industry outperformance Group Organic 4-6% Operating Gross Profit CAGR® ° Organic Gross 5 Profit growth BSP 6 - 8% BES 3-4% Group Organic _ go Operating EBITA CAGR® Stee Organic Operating 5 EBITA growth BSP 7-9% BES 4-5% DiDEX improvement program Net annual EBITA up
Slide 62: 6. Appendix
Investor Presentation 6. Appendix
Slide 63: Brenntag history
Brenntag history: Longstanding history of more than 140 years 2006 2004 202 2000 to fats to 2006 2008 > Philipp Brenntag Brenntag Private- Private- Towards greater Initiation of © Announcement Mihsam becomes becomes Equity owned Equity owned sustainability: “Project of “Horizon 2” founds the interna
Slide 64: Remuneration System
Remuneration System: Current remuneration of the Board of Management ILLUSTRATIVE Preliminary Payout Amount (0-200% of target amount) Short-Term 60% 20% 20% Varia Remun Individual performance multiplier (0.8x - 1.2x) - * Organicop.EBITA + Working Capital 4 Earnings per defined annually by the Annual
Slide 65: Future Sustainable Brenntag picture
Based on our strengths and high ambitions, we developed a “Future Sustainable Brenntag” picture Responsible distribution... ... of sustainable chemicals and ingredients “4 Brenntag’s operations & suppliers ib) w Brenntag’s products & services Climate protection Strive for zero CO, emissions Certifie
Slide 66: Key mid-/long-term sustainability targets
For each strategic focus area, we defined key mid-/long-term targets directing towards the future sustainable Brenntag picture Strategic focus areas Mid- to long-term targets Cc ite prote emissions reduction ource efficiency & A‘ ular economy s 2023 - 2025 2030 - 2045 age by 2023 Environment Social
Slide 67: 2023 ESG Scorecard
2023 ESG Scorecard eileen) CERI U Sen ELS Led wnieou yay Responsibility assigned for 80% of high-risk suppliers 80% Transition towards circular economy by constituting a pipeline for Each Regional President develop three business cases for circular business mi circular business models models includi
Slide 68: ESG: Operating sustainably to minimize energy consumption and CO2 emissions
ESG: Operating sustainably to minimize energy consumption and CO, Emissions CO, Emissions in 2022” in thousand tonnes Scope1 0.96% a2 Scope 2 0.04% Scope 3 99% 21,855 fo Main sources of emissions Company facilities, company trucks & vehicles Purchased electricity, heating and cooling for own use Pur
Slide 69: ESG: Safety and Diversity
ESG: Safety and Diversity Group Accident Rate Diversity - Key figures TRIRD2) Proportion of women in the 41 4.2 4.0 9 9 Supervisory Board Cees 38.3% 3.2 3.1 Proportion of women in the - 9 9 27 Board of Management * BOG 0.0% Proportion of women in 9 oy TRIR management positions®) SHOE 31.0% Proportio
Slide 70: ROCE: Increasing value added and returns
ROCE: Increasing value added and returns in EURM 2021 2020-2019 «2018 «= «2017-2016 «= «2015 2014 += 2018-2012 EBITA 14919 853.2 7681 7665 7709 6683 6945 6987 6275 56966 6108 Average carrying amount of equity 4,543.1 3,802.8 3,582.9 3,427.3 3,111.6 2,969.2 2,753.8 2,534.6 2,190.1 2,008.4 1,860.3 Ave
Slide 71: Sound financial profile: Compounding growth track record and resilience
Sound financial profile: Compounding growth track record and resilience Aan Sales (EUR bn) 19.4 144 126 128 a7 98 100 103 105 17 118 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 02: 2022 Operating EBITA (EUR m) 1,512 754 . 7 699 695 663 sig 872 G11 596 628 bk 2 2 oH aM tf BD
Slide 72: Cash flow: Strong cash generation over the past years
Cash flow: Strong cash generation over the past years inEURm | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Op. EBITDA 1,808.6 1,344.6 1,057.7 1,001.5 875.5 836.0 810.0 8074 726.7 696.8 707.0 6588 597.6 CAPEX -267.2 -199.3 -201.9 -205.2 -172.2 -148.1 -1411 -130.1 -104.8 -97.2 -94
Slide 73: Strong dividend track record
Strong dividend track record in EURMm } 2022 | Profit after tax 902.5 Less minority interests 15.7 Profit after tax (consolidated) attributable to shareholders of 886.8 Brenntag SE Proposed dividend payment 309.0 2021 461.4 13.1 448.3 224.0 1.45 50% Dividend in EUR 2010 2011 2012 2013 2014 2015 2016
Slide 74: Leverage: Net Debt / Operating EBITDA
Leverage: Net Debt / Operating EBITDA
Slide 75: Financials Q3 2023: Segments (1/2)
Financials Q3 2023: Segments (1/2) inEURm Operating Gross Profit) Q3 2023 Q3 2022 Brenntag Specialties 371.0 420.0 Brenntag Essentials 622.9 679.3 Allother segments 6.7 6.8 Brenntag Group 1,000.6 1,106.1 inEURm Operating EBITA _ Q3 2022 Brenntag Specialties 135.0 182.0 Brenntag Essentials 198.8 241.
Slide 76: Financials Q3 2023: Segments (2/2)
Financials Q3 2023: Segments (2/2) inEURm Operating Gross Profit) Pe, Q3 2022 Specialties EMEA 171.5 Specialties Americas 136.8 Specialties APAC 62.7 Essentials EMEA 214.6 Essentials North America 343.3 Essentials Latin America 38.1 Essentials APAC 26.8 Note: The difference between the total of the
Slide 77: Financials Q3 2023: Cash flow statement
Financials Q3 2023: Cash flow statement in EUR P2025 32022 Profit after tax 177.6 248.8 Effect from IAS 29 on profit/loss after tax 68 17 Depreciation & amortization 97.2 92.8 Income tax expense 61.3 87.8 Income taxes paid -64.1 -90.3 Net interest expense 25.3 25.6 Interest paid (netted against inte
Slide 78: Financials Q3 2023: Cash flow statement (continued)
Financials Q3 2023: Cash flow statement (continued) Proceeds from the disposal of other financial assets 01 0.5 Proceeds from the disposal of intangible assets and property, plant and equipment 3.8 6.1 Payments to acquire consolidated subsidiaries and other business units - 63.4 -29.7 Payments to ac
Slide 79: Financials Q3 2023: Balance sheet and maturity profile
Financials Q3 2023: Balance sheet and maturity profile in EURm RET PvKM 31 Dec 2022 in EUR m Financial liabilities 2,203.0 2,661.5 - i Eurobond & SSD eae Lease liabilities 469.1 434.3 Eurobond & SSD ./. Cash and cash equivalents 541.9 1,046.1 726 ssp Net Debt 2,130.2 2,049.7 420 Net Debt/Operating E
Slide 80: Bond data
Bond data Bond 2025 Bond 2029 Issuer Brenntag Finance B.V. Brenntag Finance B.V. Listing Luxembourg Stock Exchange Luxembourg Stock Exchange ISIN XS1689523840 XS2394063437 Aggregate principal amount EUR 600,000,000 EUR 500,000,000 Denomination EUR 1,000 EUR 100,000 Minimum transferable amount EUR 10
Slide 81: Financials 9M 2023: Operating EBITA bridges
Financials 9M 2023: Operating EBITA bridges” Operating EBITA growth Segment - Operating EBITA growth inEURm inEURm -18% -27% -8% -18% -39 = -24° -229 1.240 1,240 —i- 980 980 i i i i 9M 2022 FXtranslation M&A Organic 9M 2023 9M 2022 Brenntag Brenntag All other 9M 2023 contribution growth Specialties
Slide 82: Financials 9M 2023: Income statement
Financials 9M 2023: Income statement Sales 12,872.0 Cost of materials -9,805.0 Operating expenses -1,856.0 Depreciation -231.0 Net income / expense from sp. items -36.3 Amortization -49.9 Financial result -99.2 EBT 794.6 EPS 3.80 a 82 9M 2022 14,694.8 -11,406.0 3,288.8 -1,832.3 1,456.5 -216.3 1,240.
Slide 83: ∆ ∆ ∆
∆ ∆ ∆
Slide 84: ∆ ∆ ∆ ∆ ∆ ∆
∆ ∆ ∆ ∆ ∆ ∆
Slide 85: ∆ ∆ ∆ ∆
∆ ∆ ∆ ∆
Slide 86: Financials 9M 2023: Cash flow statement
Slide 87: 0.6 18.3 -30.4 -148.8 -160.3
0.6 18.3 -30.4 -148.8 -160.3
Slide 88: Performance Indexed (Jan. 1st 2021 = 100)
Performance Indexed (Jan. 1st 2021 = 100)
Slide 89: Analyst recommendations: Sell, Hold, Buy
Sell 2 Hold 4 Buy 15
Slide 90: Relevant links & documents
Slide 91: Financial calendar / contact
Slide 92: Disclaimer