Brenntag Se · XETR:BNR

Brenntag — Investor Presentation (September 2023)

81 slides from Brenntag's investor presentation, September 2023

  1. Slide 1: Investor Presentation September 2023

    uy — | ~ Investor Presentation September 2023 BRENNTAG

  2. Slide 2: 1. Introduction to Brenntag

    Investor 1. Introduction to Brenntag Presentation

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. Slide 10: ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

    ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

  11. Slide 11: 2. Horizon 2: Strategy to win

    Investor Presentation 2. Horizon 2: “Strategy to win”

  12. 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)

  13. 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

  14. 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

  15. 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

  16. 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

  17. 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 & .

  18. 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

  19. 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

  20. 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

  21. 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

  22. 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

  23. 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

  24. 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

  25. 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

  26. Slide 26: BSP will be externally reported in two segments - Life Science and Material Science

    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

  27. 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

  28. 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

  29. 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%

  30. 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

  31. 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

  32. Slide 32: BES will deliver last mile excellence and leverage our unique 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

  33. 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

  34. 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

  35. 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

  36. 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

  37. 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

  38. 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

  39. Slide 39: Brenntag well ahead of sector average in ESG position

    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

  40. 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

  41. 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

  42. Slide 42: 3. Key investment highlights

    Investor Presentation 3. Key investment highlights

  43. 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

  44. Slide 44: Resilient service and distribution platform with high geographical and operational 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%)

  45. Slide 45: Distribution is an attractive and indispensable market, growing faster than chemical manufacturing

    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

  46. 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

  47. 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

  48. 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

  49. Slide 49: 4. Financials Q2 2023

    Investor Presentation 4. Financials Q2 2023

  50. Slide 50: Highlights Q2 2023

    Highlights Q2 2023 SALES EUR 4,257m - 18.7% vs. PY (fx adj.) FREE CASH FLOW ~EUR 432m Significantly higher vs. prior-year OPERATING GROSS PROFIT EUR 1,021m - 8.5% vs, PY (fx adj.) OPERATIONAL UPDATE Evolved operating model announced Go-live 1st January 2024 OPERATING EBITA EUR 332.2m - 25.8% vs. PY

  51. Slide 51: Brenntag continued to manage challenging macroeconomic conditions well in Q2 2023

    Brenntag continued to manage challenging macroeconomic conditions well in Q2 2023 = Brenntag results emphasize resilience of the chemical = Macroeconomic environment remains challenging distriuticulntnnecstnocell = Ongoing geopolitical uncertainties and inflationary trends = Benefits from high diver

  52. Slide 52: Financials Q2 2023: Operating EBITA bridges

    Financials Q2 2023: Operating EBITA bridges” Reconciliation - Operating EBITA growth (FX-adj.) Segment - Operating EBITA growth (FX-adj.) in EURm in EURm - 26% -33% -13% - 26% 14 y -95 -120 462 462 a= 332 332 Q22022 FX translation M&A Organic Q2 2023 Q2 2022 Brenntag Brenntag Allother Q2 2023 contri

  53. Slide 53: Financials Q2 2023: Brenntag Specialties

    Financials Q2 2023: Brenntag Specialties Operating EBITA growth” EMEA AMERICAS - 33.9% -32.1% Focus industries (GP dev.) Nutrition APAC - 30.2% Pharma Personal Care/HI&l Water treatment Material Science Slr ol Lubricants ©) 53. 1) Growthrates are adjusted for translational FX-effects Brenntag Specia

  54. Slide 54: Financials Q2 2023: Brenntag Essentials

    Financials Q2 2023: Brenntag Essentials eratin row’ renntag Essentials continued to demonstrate its resilience in adverse {e) ting EBITA th) Bi E L dtod I d market conditions and against a very strong Q2 2022 Op. Gross Profit of EUR 638.3 million, a decline of 3.1% EMEA LATIN AMERICA - 13.9% - 78.6%

  55. Slide 55: Containment measures to counterbalance cost inflation in 2023

    Containment measures to counterbalance cost inflation in 2023 Initiate and intensify various cost control measures in 2023 to safeguard results while not jeopardizing our Horizon 2 strategy execution Headcount reductions Discretionary expenses and strict hiring control and indirect procurement Site

  56. Slide 56: 5. Outlook

    Investor Presentation 5. Outlook

  57. Slide 57: 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 1 Additional information Q 57 As of August 9t" 2023 Guidance confirmed and specified to the lower range of the original Guidance due to challenging market environment

  58. Slide 58: 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

  59. Slide 59: 6. Appendix

    Investor Presentation 6. Appendix

  60. Slide 60: 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

  61. Slide 61: 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

  62. Slide 62: 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

  63. Slide 63: Key mid-/long-term ESG targets for each strategic focus area

    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

  64. Slide 64: 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

  65. Slide 65: 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

  66. Slide 66: 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

  67. Slide 67: 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

  68. Slide 68: Sound financial profile: Compounding growth track record and resilience

    Sound financial profile: Compounding growth track record and resilience @ 68 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 B

  69. Slide 69: 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

  70. Slide 70: 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

  71. Slide 71: Leverage: Net Debt / Operating EBITDA

    Leverage: Net Debt / Operating EBITDA

  72. Slide 72: Financials Q2 2023: Balance sheet and maturity profile

    Financials Q2 2023: Balance sheet and maturity profile in EURm RNP 31 Dec 2022 in EUR m Financial liabilities 2,492.4 2,661.5 ESG- linked Eurobond & SSD gyn. Loan Lease liabilities 456.7 434.3 Eurobond & SSD ./. Cash and cash equivalents 622.6 1,046.1 724 ssp Net Debt 2,326.5 2,049.7 416 Net Debt/Op

  73. Slide 73: 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

  74. Slide 74: Financials H1 2023: Operating EBITA bridges

    Financials H1 2023: Operating EBITA bridges” Reconciliation - Operating EBITA growth (FX-adj.) Segment - Operating EBITA growth (FX-adj.) in EURm in EURm - 20% - 29% -5% - 20% eZ —j— -9> -173 fon) a x fon) a x H1 2022 FX translation M&A Organic H1 2023 H1 2022 Brenntag Brenntag All other H1 2023 con

  75. Slide 75: Financials H1 2023: Income statement

    Financials H1 2023: Income statement Sales 8,783.7 Cost of materials - 6,717.3 Operating expenses - 1,236.3 Depreciation - 162.8 Net income / expense from sp. items -12.6 0847 Amortization - 34.6 Financial result - 74.4 EBT 555.7 EPS 2.62 a 75 H1 2022 9,594.3 - 7,411.6 2,182.7 - 1,185.9 996.8 - 140.

  76. Slide 76: Financials H1 2023: Free cash flow

    Financials H1 2023: Free cash flow Payments to acquire intangible assets and property, plant and equipment - 100.8 A Working capita 227.5 Principal and interest payments on lease liabilities - 75.9 () 76 Based on average fx. rate excl. M&A H1 2022 996.8 - 96.3 - 624.9 - 69.3 206.3 A -16.7% 4.7% - 13

  77. Slide 77: Performance Indexed (Jan. 1st 2021 = 100)

    Performance Indexed (Jan. 1st 2021 = 100)

  78. Slide 78: Brenntag Share & Shareholder Structure

    Brenntag Share & Shareholder Structure Share data Analysts’ Opinions” ISIN; Stock Symbol; Listed since DEOOOA1DAHHO; BNR; 29 March 2010 Click to vi ick to view Subscribed capital; Outstanding Shares EUR 154,500,000; 154,500,000 Sell2 | ° | sic consensus Class of shares; Free float Registered shares;

  79. Slide 79: Relevant links & documents

    Relevant links & documents Financial Publications Brenntag Share Current Consensus Financial News Click to visit website

  80. Slide 80: Financial calendar / contact

    Financial calendar / contact November 9, 2023 Quarterly Statement Q3 2023 Brenntag SE December 5, 2023 Capital Markets Day 2023 in London Corporate Investor Relations Phone: +49 (0) 201 6496 2100 Fax: +49 (0) 201 6496 2003 March 7, 2024 Annual Report 2023 E-mail: ir@brenntag.de Web: www.brenntag.com

  81. Slide 81: 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

Brenntag — Investor Presentation (September 2023) on 6ix