Slide 1: Q3 Report | October 27th, 2022
Q3 Report | October 27th, 2022 Dr. Ralf Koeppe, Andreas Pabst, Stephan Weber Board of Management WashTec AG
Slide 2: Experienced Management Board with proven track record in various disciplines and markets
Experienced Management Board with proven track record in various Disciplines and markets Dr. Ralf Koeppe Andreas Pabst Stephan Weber CEO / CTO CFO CSO ▪ Corporate Development ▪ Finance / Accounting ▪ Sales & Service ▪ Human Resources ▪ IT ▪ Product Management ▪ Research & Development ▪ Purchasing an
Slide 3: Update WashTec
Update 1 WashTec 3 | Q3 report | October 27, 2022 | WashTec AG
Slide 4: Car wash as a resilient & sustainable business model
Car wash as a resilient & sustainable business model WashTec is the leading supplier of innovative vehicle wash solutions worldwide. The product range includes all types of vehicle washing systems as well as associated peripheral equipment, washing chemicals and water recovery systems. As specialist
Slide 5: Sustainability Report - Additional energy saving measures of approx. 20%
Sustainability Report - Add. energy saving measures of approx. 20% Download https://ir.washtec.de/en/sustainability 5 | Q3 report | October 27, 2022 | WashTec AG
Slide 6: ESG Award for WashTec AG
ESG Award for WashTec AG The Steinbeis Augsburg Business School awards WashTec the prize WashTec – ESG Company of the Year Other award winners are: • Hansgrohe GmbH • Nürnberger Wach- und Schließgesellschaft mbH 6 | Q3 report | October 27, 2022 | WashTec AG
Slide 7: WashTec ESG program
WashTec ESG program Economic sustainability Leadership in sustainable carwash Energy Saving Changing JetWash from warm to cold wash Enormously reduced energy consumption with consistent wash quality Example: 2 space JetWash site One time invest 1200 € Yearly savings* 1.624 € (gas) / 2.072 € (heating
Slide 8: First US customer installations of SmartCare & water retreatment system
First US customer installations of SmartCare & water retreatment system First Installation SmartCare at US customer site First installation Aqua Pur Modular 8 | Q3 report | October 27, 2022 | WashTec AG
Slide 9: Q3 2022 results
Q3 2022 2 results 9 | Q3 report | October 27, 2022 | WashTec AG
Slide 10: Q3 – Strong revenue growth; EBIT ratio at 8.2%; positive FCF development
Q3 – Strong revenue growth; EBIT ratio at 8.2%; positive FCF development 118.6 10.1% 7.8% 13.5% 8.2% 110.1 111.3 93.9 15.0 13.0 11.1 9.4 9.7 7.6 7.3 5.2 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022 Revenue EBIT FCF including lease expense 10 | Q3 re
Slide 11: Q3 Revenue: strong development of the machinery and service segment
Q3 Revenue: strong development of the machinery and service segment Equipment and service Chemicals Other +8% 105.4 97.2 -3% 12.4 12.0 -29% 1.7 1.2 Q3 Q3 Q3 Q3 Q3 Q3 2021 2022 2021 2022 2021 2022 11 | Q3 report | October 27, 2022 | WashTec AG
Slide 12: Q3 Revenue: growth in Europe and North America; all segments impacted by material cost increase
Q3 Revenue: growth in Europe and North America; all segments impacted by material cost increase Europe North America Asia-Pacific Asia-Pacific 4% Revenue Revenue Revenue NA 90.6m€ 27.6m€ 4.7m€ 23% up 2.7% up 23.8% 0% EBIT EBIT* EBIT 9.8m€ 0.0m€ -0.1m€ 73% Europe *EBIT 2021 includes a positive one-of
Slide 13: Q3 YTD – Strong revenue growth; FCF impacted by planned increase in inventories
Q3 YTD – Strong revenue growth; FCF impacted by planned increase in inventories to safeguard delivery capability 338.6 6.6% 4.6% 10.8% 6.7% 309.1 306.3 269.3 19.4 19.0 33.0 22.6 20.3 0.8 12.5 -7.2 Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD 2019 2020 2021 2022
Slide 14: Q3 YTD EBIT - affected by time lag between material price rises and own price increases
Q3 YTD EBIT - affected by time lag between material price rises and own price increases, higher portion of key-account business and increase in selling cost due to volume growth and exhibition expenses in million Euro -10.8 (-33%) 4.3 5.5 33.0 9.8 11.3 2.7 2.1 5.4 22.2 0.5 0.2 EBIT Subsidies impact
Slide 15: Q3 YTD – double digit growth in equipment/service and chemicals
Q3 YTD – double digit growth in equipment/service and chemicals Carwash management Equipment and service Chemicals business and others +11% 290.9 263.2 +14% 43.5 38.2 -14% 4.9 4.2 Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD 2021 2022 2021 2022 2021 2022 15 | Q3 report | October 27, 2022 | WashTec AG
Slide 16: Q3 YTD – Europe
Q3 YTD – Europe Revenue ▪ Revenue up by 6%; over first nine months growth in 256 251 265 all product groups. Increase in machines and 217 service is mainly driven by key-accounts Q3 YTD Q3 YTD Q3 YTD Q3 YTD ▪ EBIT still impacted by increased costs of materials, 2019 2020 2021 2022 logistics and ener
Slide 17: Q3 YTD – North America
Q3 YTD – North America Revenue ▪ Significant revenue growth in first nine months 71 (38%, FX adjusted 22%); all customer segments 50 48 52 contributed with double digit growth. Slower growth in Q3/22 (+24%, FX adjusted 6%) Q3 YTD Q3 YTD Q3 YTD Q3 YTD 2019 2020 2021 2022 ▪ Loss mainly due to cost inc
Slide 18: Q3 YTD – APAC
Q3 YTD – APAC Revenue ▪ Revenue negatively impacted by the lockdowns in 12.3 13.4 12.3 12.5 China ▪ EBIT at 0.4m€ and 3% EBIT ratio Q3 YTD Q3 YTD Q3 YTD Q3 YTD 2019 2020 2021 2022 EBIT EBIT in % -12% 0% 7% 3% 0.9 0.0 0.4 -1.5 Q3 YTD Q3 YTD Q3 YTD Q3 YTD 2019 2020 2021 2022 18 | Q3 report | October 2
Slide 19: Sep 2022 Balance Sheet – increase in NOWC driven by planned increase in inventories
Sep 2022 Balance Sheet – increase in NOWC driven by planned increase in inventories to safeguard delivery capability; Equity ratio after dividend payment at 27% 104.5 35.5 34.0 48.1 96.2 86.4 88.0 27.4 27.0 32.2 17.0 10.7 Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep 2019 2020 2021 2022 2019 2020
Slide 20: Guidance 2022
Guidance 2022 2021 Adjusted Guidance 2022 Revenue 430.5m€ 476m – 484m€ Adjusted EBIT 43.0m€ 38m – 43m€, EBIT-Ratio 8%-9% FCF after lease payments 34.5m€ 10m – 20m€ ROCE 25.8% below prior year 20 |Q3 report | October 27, 2022 | WashTec AG
Slide 21: 21 | Q3 report | October 27, 2022 | WashTec AG
21 | Q3 report | October 27, 2022 | WashTec AG
Slide 22: Financial Calendar 2022/2023
Financial Calendar 2022/2023 Date Event November 28 - 30, 2022 Equity Forum, Frankfurt March 30, 2023 Annual Report | Financial press conference May 4, 2023 Q1 Statement May 16, 2023 Annual General Meeting August 3, 2023 Half-yearly financial statement November 2, 2023 Q3 Statement 22 | Q3 report |
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