Slide 1: Brenntag
2 BRENNTAG
Slide 2: Q3 2023 Results: 1. Highlights Q3 2023
Q3 2023 Results 1. Highlights Q3 2023 Presentation
Slide 3: 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 4: 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 5: 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 6: Q3 2023 Results: 2. Financial performance Q3
Q3 2023 Results Presentation 2. Financial performance Q3 2023
Slide 7: Operating EBITA bridges
Financials Q3 2023: Operating EBITA bridges” Operating EBITA growth Segment - Operating EBITA growth inEURm inEURm - 15% - 20% -13% -15% Bh ,- Pa 14 —+— -35 ‘ ea 384 384 =e 303 igs i : i : Q3 2022 FX translation M&A Organic Q3 2023 Q3 2022 Brenntag Brenntag Allother Q3 2023 contribution growth Speci
Slide 8: 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 © 8 12) Growthrates are adjusted for translational FxX-effeots Br
Slide 9: 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 10: 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 11: 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 12: 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 13: Q3 2023 Results: 3. Outlook
Q3 2023 Results Presentation 3. Outlook
Slide 14: 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 Au 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 EUR
Slide 15: Christian Kohlpaintner CEO, Kristin Neumann CFO
Christian Kohlpaintner Kristin Neumann CEO CFO
Slide 16: Q3 2023 Results: 4. Appendix
Q3 2023 Results Presentation 4. Appendix
Slide 17: 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 18: 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 19: 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 20: 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 21: 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 22: 9M 2023: Segments (1/2)
Financials 9M 2023: Segments (1/2) inEURm Operating Gross Profit) Operating EBITDA” OFX 9M 2022 4 adjusted 9M 2022 Brenntag Specialties 1,134.0 1,307.6 -13.3% -10.3% 466.1 Brenntag Essentials 1,909.3 1,954.8 -2.3% -0.4% 835.3 Allother segments 23.7 26.4 -10.2% -10.2% -90.4 Brenntag Group 3,067.0 3,2
Slide 23: 9M 2023: Segments (2/2)
Financials 9M 2023: Segments (2/2) inEURm Operating Gross Profit) Ss 9M 2022 Specialties EMEA 519.0 Specialties Americas 423.2 Specialties APAC 191.8 Essentials EMEA 695.2 Essentials North America 1,029.2 Essentials Latin America 110.5 Essentials APAC 144 Note: The difference between the total of th
Slide 24: 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 25: 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 25 9M 2022 14,694.8 -11,406.0 3,288.8 -1,832.3 1,456.5 -216.3 1,240.
Slide 26: 9M 2023: Cash flow statement
Financials 9M 2023: Cash flow statement in EUR 2842025 9m 2022 Profit after tax 583.8 796.9 Effect from IAS 29 on profit/loss after tax 14.5 8.9 Depreciation & amortization 284.6 268.6 Income tax expense 210.8 290.1 Income taxes paid -212.8 -259.4 Net interest expense 774 64.8 Interest paid (netted
Slide 27: 9M 2023: Cash flow statement (continued)
Financials 9M 2023: Cash flow statement (continued) Proceeds from the disposal of other financial assets 0.2 0.6 Proceeds from the disposal of intangible assets and property, plant and equipment 10.8 18.3 Payments to acquire consolidated subsidiaries and other business units - 98.1 -30.4 Payments to
Slide 28: 9M 2023: Free cash flow
Financials 9M 2023: Free cash flow Payments to acquire intangible assets and property, plant and equipment -161.3 A Working capita 387.7 Principal and interest payments on lease liabilities -114.9 Free cash flow 1,322.5 (A) 28 Based on average fx. rate excl. M&A 9M 2022 1,456.5 -148,8 -647.5 -106.3
Slide 29: Financial calendar / contact
Financial calendar / contact December 5, 2023 Capital Markets Day 2023 Brenntag SE Corporate Investor Relations March 7, 2024 Annual Report 2023 Phone: +49 (0) 201 6496 2100 Fax: +49 (0) 201 6496 2003 ; E-mail: ir@brenntag.de May 23, 2024 Annual General Meeting 2024 Web: www.brenntag.com/investor_re
Slide 30: 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