Slide 1: Annual report 2021 | March 31, 2022
Annual report 2021 | March 31, 2022 Dr. Ralf Koeppe | CEO Stephan Weber | CSO Dr. Kerstin Reden | CFO
Slide 2: Update on WashTec
1 Update on WashTec 2 | Annual report 2021 | March 31, 2022 | WashTec AG
Slide 3: Potential impact of the Russia-Ukraine war and shut-downs in China
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 th
Slide 4: Year 2021 – Results and selected achievements
Year 2021 – Results and selected achievements Revenue € 430.5m EBIT 10.6% Reliable delivery to our customers ROCE 25.8% despite of the global supply chain crisis Sustainability strategy developed and first standalone voluntary report (in Q2, 2022) 4 | Annual report 2021 | March 31, 2022 | WashTec AG
Slide 5: Year 2021 – Results and selected achievements
Year 2021 – Results and selected achievements Largest product changeover in AUWA‘s history: 90% recipes as Green Car Care Digital platform mywashtec First delivery in operation SmartCare US New features First certified every 3 month machinery to new UL standard 5 | Annual report 2021 | March 31, 202
Slide 6: Data! - Sahara dust effect on washes per week / equipment in Germany
Data! - Sahara dust effect on washes per week / equipment in Germany Record wash figures for operators Source: Wetter.de, 15. März 2022 Short term orders of wash chemicals covered by inventory 6 | Annual report 2021 | March 31, 2022 | WashTec AG Source: Machine Database WashTec, 2022
Slide 7: Tunnel business – Activities and projects in North America and Europe
Tunnel business – Activities and projects in North America and Europe SL 1 Tunnel SL 2 Tunnel Washington Waschpark State Kaiserslautern with inclusion concept for Quarterly handicapped newsletter employees ICA Show November 2021 7 | Annual report 2021 | March 31, 2022 | WashTec AG
Slide 8: FY 2021 results
2 FY 2021 results 8 | Annual report 2021 | March 31, 2022 | WashTec AG
Slide 9: 2021 at a glance – recovery to pre-crisis level
2021 at a glance – recovery to pre-crisis level Strong revenue growth across all major Revenue segments and products € 430.5m up 13.7% Q4 revenue was one of the strongest in the company’s history Adjusted EBIT Adjusted EBIT margin at 10% - impact € 43.0m up 68.0% of material price increase visible i
Slide 10: After a soft start into the year, strong growth in Q2 - Q4
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 13.7% +13.6% 430.5 +18.5% 378.7 +25.1% -2.9% 124.2 109.3 110.2 111.3 93.9 87.3 88.1 84.8 Q1 ’20 Q2 ’20 Q3 ’20 Q4 ’20 Q1 ’21 Q2 ’21
Slide 11: Q4 EBIT margin impacted by material price increases
Q4 EBIT margin impacted by material price increases. Time lag between own sales price increase and inflation in € million Adjusted EBIT margin Adjusted EBIT margin 2% 4% 7% 13% 4% 13% 11% 10% 6.8% 10% -8.5% 68.0% +79.4% 43.0 +100.0% +9.7% 14.2 14.4 12.2 13.0 25.6 6.8 3.1 3.4 1.7 Q1 ’20 Q2 ’20 Q3 ’20
Slide 12: Strong revenue growth in all product groups
Strong revenue growth in all product groups in € million Equipment and service Chemicals Other -14,9% 15,2% 380,6 373,2 +9% 324,0 -1% 51.0 47.1 46.6 -7% -22% 8.7 8.1 6.3 FY 2019 FY 2020 FY 2021 FY 2019 FY 2020 FY 2021 FY FY FY 2019 2020 2021 12 | Annual report 2021 | March 31, 2022 | WashTec AG
Slide 13: EBIT increase driven by revenue growth and improvements
EBIT increase driven by revenue growth and improvements in € million +17.4 (+68%) 43.0 2.5 2.7 0.9 1.4 1.6 2.0 14.9 25.6 Adj. impact GM Selling Cost R&D AR FX other Adj. EBIT increase increase allowance EBIT 2020 revenue (29.4%) 2021 @ PY GM (28.9%) 13 | Annual report 2021 | March 31, 2022 | WashTec
Slide 14: One-off income in 2021 relates to subsidies in the US
One-off income in 2021 relates to subsidies in the US in € million 2021 2020 2.7 0.4 -0.4 2.7 1.4 -1.8 -5.2 subsidies other Restructuring Total -5.6 USA subsidies one-offs Subsidies Restructuring Impairment Total one-offs 14 | Annual report 2021 | March 31, 2022 | WashTec AG
Slide 15: Strong growth in Europa and the US
Strong growth in Europa and the US in € million Revenue by region Europe North America Asia-Pacific € 348.7m € 77.5m € 18.1m Asia-Pacific 3% up 14.1 % up 16.9 % up 2.3 % NA 17% ▪ Europe: Strong recovery, both in direct business as in Key Account business ▪ NA: Strong recovery in particular in key ac
Slide 16: Strong EBIT margin in Europe. US impacted by supply chain disruptions
Strong EBIT margin in Europe. US impacted by supply chain disruptions Europe North America Asia Pacific Revenue Revenue Revenue +43.2 (14.1%) +11.2 (16.9%) +0.4 348.7 (+2%) 305.5 66.3 77.5 17.7 18.1 NA APAC 2020 2021 2020 2021 2020 2021 Adjusted EBIT Adjusted EBIT Adjusted EBIT +3.9 +0.9 +14.9 > 100
Slide 17: High cash flow generation despite volume increase of business
High cash flow generation despite volume increase of business in € million 2020 2021 ∆ Cashflow from operating activities 46,3 45,7 -0,6 Cashflow from investing activities -0,7 -3,4 -2,7 Finance lease -8,7 -7,8 0,9 FCF after lease payments 36,9 34,5 -2,4 Cashflow from financing activities -0,8 -31,6
Slide 18: AR and Inventory increase nearly offset by higher liabilities
Year-to-date (December) AR and Inventory increase nearly offset by higher liabilities in € million +3.7 14.5 4.3 17.5 14.3 6.4 5.3 30.8 31.1 2.5 4.5 0.8 Net debt Net income Depr. Inventories Trade Trade Advance Investments Dividend Other Net Debt @Dec 20 AR AP Payments @Dec 21 18 | Annual report 202
Slide 19: WC as a % of revenue down 1%. ROCE over 25%. Equity ratio at 37%
WC as a % of revenue down 1%. ROCE over 25%. Equity ratio at 37% in € million NOWC ROCE Equity Ratio NOWC turnover in % 21.3 % 20.2 % 25.8% 39.4% 36.9% 86.9 80.7 57.1 Inventories 38.5 10.5% Receivables 63.6 71.5 Payables -10.5 -16.1 -10.9 Advance payments -25.6 Dec 2020 Dec 2021 Dec 2020 Dec 2021 De
Slide 20: Guidance 2022 – following our growth strategy
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 20 | Annual report 2021 | Ma
Slide 21: 21 | Annual report 2021 | March 31, 2022 | WashTec AG
21 | Annual report 2021 | March 31, 2022 | WashTec AG
Slide 22: Financial Calendar 2022
Financial Calendar 2022 April 7, 2022 July 28, 2022 Investor Day Q2 Report 2022 April 28, 2022 October 27, 2022 Quartely Statement Q1 2022 Quartely Statement Q1–3 2022 May 16, 2022 November 28 – 30, 2022 Annual General Meeting 2022 Equity Forum, Frankfurt 22 | Annual report 2021 | March 31, 2022 | W
Slide 23: Disclaimer
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