Slides
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Conference Call on the Report of the First Half Year 2026 Andreas Pabst (CFO) August 4th, 2026
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Update on WashTec Andreas Pabst (CFO) 1
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Optimization of the manufacturing in the Czech Republic Investor Relations | August 2026 | WashTec AG3 | › Successful completion of logistics in Plant III Goods receipt, goods dispatch, production supply and other logistics processes are now handled via the new areas. › Successful commissioning of assembly in Plant III Assembly areas from Plant II have been fully integrated in Plant III. The SmartCare pre-assembly and electrical production areas from Plant I were incorporated into the new structure. Plant I is now being developed into a dedicated pre-assembly site. › New manufacturing Equipment A central sheet metal warehouse ensures short transport distances, a new press brake is already in operation, and the new punch-laser combination machine is currently being installed and commissioned. This enables us to create additional capacity and strengthen our manufacturing expertise at the site.
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SmartCare Connect WashTec AG | Conference Call on Results of FY 2025 | March 2026 | Investor Relations4 | 19% 24% 32% 39% 41% 54% 81% 76% 68% 61% 59% 46% Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Revenue - Softcare Revenue - SmartCare Development of Roll-Over revenue Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 0.0% 0.0% +0.6% +0.1% +0.2% +0.3% Increase of installation cost per Roll-Over Equivalent First prototype with height of 2.90m Already 1,500 SmartCare machines built
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H1 2026 Results Andreas Pabst (CFO) 2
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(in €m) Longterm H1 2026: Record revenue of €247.8m mainly driven by Equipment business line Investor Relations | August 2026 | WashTec AG6 | › Revenue up on prior year Revenue of €247.8m significantly exceeding the prior-year figure by 6.6%. Revenue increased in both the Europe and Other segment and the North America segment, mainly due to higher sales volumes in the Equipment business line. › EBIT at prior-year level EBIT of €17.7m on par with the prior year. While EBIT in the North America segment improved significantly on the prior year, additional expenditure relating to the implementation of efficiency programs continued to weigh down EBIT performance in the Europe and Other segment. › Free cash flow below prior year The free cash flow came to €13.7m, €6.3m lower than the prior year (€20.0m). This was mainly due to the rise in trade receivables in line with the significantly higher revenue in the second quarter. H1 Revenue, EBIT and free cash flow H1 2023 H1 2024 H1 2025 H1 2026H1 2022 247.8 236.2 220.2220.0 232.5 17.7 (7.1%) 13.7 (5.5%) 17.6 (7.6%) 20.0 (8.6%) 20.1 (9.1%)15.4 (6.5%) 6.5 (2.8%) 12.9 (5.9%) -2.5 (-1.1%) 16.6 (7.5%) +6.6% +0.6% -31.5% Revenue EBIT (margin) Free cash flow (ratio1) Note: 1) Free cash flow ratio defined as free cash flow to total revenue.
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(in €m) Longterm Q2 2026: Revenue increase of 10.4% on prior year, with EBIT up 9.4% Investor Relations | August 2026 | WashTec AG7 | › Second-quarter revenue up on prior year Record revenue of €136.5m in the second quarter, up a significant 10.4% on the prior year (€123.6m). As in the first quarter, the revenue performance reflects increased equipment sales volumes in both segments. › Second-quarter EBIT up on prior year EBIT increased by 9.4% to €13.9m. EBIT in the North America segment is already positive in second quarter (Q1/25: €-0.1m). The EBIT margin remained stable at 10.2% (prior year:10.3%) which is remarkable as the first quarter EBIT margin war clearly below prior year. › Second-quarter free cash flow significantly above prior year Free cash flow significantly above prior year by 91.4%, due to the increase in net income and a reimbursement of investment income tax. Q2 Revenue, EBIT and free cash flow Q2 2023 Q2 2024 Q2 2025 10.8 (9.0%) 123.6 12.7 (10.3%) 3.5 (2.8%) 136.5 13.9 (10.2%) 6.7 (4.9%) 119.4 4.6 (3.6%) 9.9 (7.8%) 127.1 1.2 (1.0%) 8.3 (7.0%) 119.0 11.5 (9.7%) Q2 2022 Q2 2026 +10.4% +9.4% +91.4% Revenue EBIT (margin) Free cash flow (ratio1)
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Revenue by business lines Strong revenue growth the Equipment business lines Investor Relations | August 2026 | WashTec AG8 | › Equipment Equipment business line revenue of €128.1m in the first half-year was up 13.4% on the prior-year figure (€113.0m). The revenue in both the Europe and Other segment and the North America segment was significantly higher than at the end of the first half of the prior year. › Service Revenue in the Service business line rose by 3.2%, from €78.3m to €80.8m. › Consumables Consumables revenue totaled €36.1m, 5.0% lower than the prior year (€38.0m), mainly due to a weather-related fall in carwash volumes. On the positive side, the fall in revenue was less pronounced than the fall in average wash volumes per equipment. H1 2025 H1 2026 Change Q2 2025 Q2 2026 Change absolute in % absolute in % Equipment €m 113.0 128.1 15.1 13.4 63.7 75.6 11.9 18.7 Service €m 78.3 80.8 2.5 3.2 38.9 41.1 2.2 5.7 Consumables €m 38.0 36.1 – 1.9 – 5.0 19.3 18.4 – 0.9 – 4.7 Other €m 3.2 2.8 – 0.4 – 12.5 1.8 1.5 – 0.3 – 16.7 Equipment 55.3% (PY: 51.5%) Service 30.1% (PY: 31.4%) Consumables 13.5% (PY: 15.6%) Other 1.1% (PY: 1.5%) Equipment 51.7% (PY: 48.6%) Service 32.6% (PY: 33.7%) Consumables 14.6% (PY: 16.3%) Other 1.1% (PY: 1.4%) Revenue share H1 2026 Revenue share Q2 2026
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Revenue and earnings by segments North America with 18.1% revenue growth and 153.3% higher EBIT Investor Relations | August 2026 | WashTec AG9 | › Europe and Other Following modest first-quarter revenue growth, revenue increased significantly in the second quarter. The shortfall from the first quarter has not yet been made up for, despite the positive performance in the second quarter. The efficiency programs have not yet had their full impact due to delays and additional implementation costs. Further action was consequently taken in the second quarter to counter the negative effects. › North America The positive revenue trend is largely due to higher sales figures with key accounts. In contrast, the Service and Consumables business lines recorded lower revenue. Due to the higher revenue, the segment EBIT of €0.8m in the first six months was significantly up the prior year. H1 2025 H1 2026 Change Q2 2025 Q2 2026 Change absolute in % absolute in % Europe and Other Revenue €m 202.8 212.8 10.0 4.9 107.5 116.9 9.4 8.7 EBIT €m 19.0 16.9 – 2.1 – 11.1 12.7 13.1 0.4 3.1 EBIT margin % 9.4 7.9 – 150 bps – 11.8 11.2 – 60 bps – North America Revenue €m 31.0 36.6 5.6 18.1 16.7 20.6 3.9 23.4 EBIT €m -1.5 0.8 2.3 153.3 -0.1 0.8 0.9 900.0 EBIT margin % -4.8 2.2 700 bps – -0.6 3.9 450 bps – Europe & Other 85.0% (PY: 86.6%) North America 15.0% (PY: 13.4%) Europe & Other 85.3% (PY: 86.7%) North America 14.7% (PY: 13.3%) Revenue share H1 2026 Revenue share Q2 2026
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EBIT margin development Investor Relations | August 2026 | WashTec AG10 | What drives currently our EBIT margin? › Product mix: strong improvement in business line Equipment Contribution margin 3 (meaning gross profit + selling expenses) is highest in consumables, followed by service and equipment. In the first six months we see significant growth in equipment (+13.4%), in service (+3.2%), whereas consumables was behind prior year (-5.0%) (for details ref. slide 8) › Geographical mix: Strong improvement of business in North America Topline in North America is growing significantly stronger than in Europe and others. Despite very good EBIT growth in North America the EBIT margin is still below Europe and others (for details ref. slide 9) › Efficiency programs In general, we are satisfied with the overall development of the programs. Nonetheless, some programs show higher costs than expected or kick in later. This currently hits our P/L with a low single digit million EUR amount. › Administrative costs Administrative expenses rose in the first half-year primarily due to higher IT expenses for ongoing projects, such as S4/HANA. Group Equipment Service Consumables 15.6% (in %) CMW3 (Contribution Margin 3) = Gross Profit + SellEx North America: REV +18.1% EBIT Margin 2.2% Europe and others: REV +4.9% EBIT Margin 7.9% Revenue & EBIT margin by Segment
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Net income, Net financial debt, NOWC and Net cash outflow from investing activities Net income & earnings per share Net operating working capital (NOWC) Net cash outflow from investing act. (in €m, € per share) Net financial debt (in €m) (in €m) (in €m) 11.3 11.3 H1 2025 H1 2026 €0.84 €0.85 Net income remained stable compared to the previous years first six months. Slightly higher EPS due to Share Buy Back program Net financial debt increased mostly due to higher interest- bearing loans. NOWC increased mainly due to higher trade receivables resulting from the high Q2 revenue. Also, critical inventories were increased as response to the geopolitical situation. CAPEX in H1 2026 was focused on the expansion of the CZECH site and on the development of digital products. 64.8 81.6 H1 2025 H1 2026 83.5 104.2 H1 2025 H1 2026 4.2 3.5 H1 2025 H1 2026 Investor Relations | August 2026 | WashTec AG11 |
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Equity ratio, fixed asset ratio, and employees at reporting date Equity ratio (in %) Fixed asset ratio1) (in %) The decrease mainly relates to the €33.2m dividend payment and the share buyback program which concluded in March 2026, totaling €4.8m. The fixed asset ratio remained largely stable. Note: 1) Fixed asset ratio = (property plant & equipment + intangible assets) / total assets Increase of employees mainly in Service and Sales areas. H1 2025 H1 2026 15.8% 15.4% 1,808 1,883 H1 2025 H1 2026 +75 H1 2025 H1 2026 22.8% 20.0% Investor Relations | August 2026 | WashTec AG12 | Service +25 Sales +27 Other Business Areas +23 +75 employees Jun. ’26 vs. Jun. ’25 @Andreas: ich kann auch noch Supply Chain aufnehmen (+26) dann wären die „Other Business Areas“ bei -3 Das machen wir dann auf der Tonspur Employees at the reporting date (in persons)
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Development of order backlog Order backlog indicates strong future business Investor Relations | August 2026 | WashTec AG13 | › Equipment orders received were higher in the first six months than in the same period of the prior year. The positive growth in orders received is mainly due to the North America segment, which posted double-digit percentage growth in the first half-year, while orders received in the Europe and Other segment were slightly down on the prior year. › Equipment order backlog at the end of H1 2026 was up 2% on the prior year and 13% up on Q4 2025 underscoring the continued strong demand. › Over the last 5 years, WashTec shows a stable or slightly growing order backlog level. 2022 2023 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 100% 89% 89% 101% 107% 107% 96% 111% Q2 2026 109% +2% +13%
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Guidance 2026* Investor Relations | August 2026 | WashTec AG14 | 2025 Guidance 2026 Revenue €498.6m Mid single-digit percentage increase EBIT €48.9m Disproportionate increase in excess of revenue growth Free Cash Flow €41.9m €35m – €45m ROCE 24.8% Continuous increase, by 0.5–2.0 percentage points Accident rate (accidents / million hours worked ) 8.4 (2024: 6.4) Below the (low) level of fiscal year 2024 * The forecast does not make allowance for any further significant worsening of the economic situation due to the situation in the Middle East, any further increase in the high volatility of the commodities markets, or any significant rise in uncertainty regarding the future course of the conflict and the resulting indirect economic impacts. This outlook is subject to uncertainties.
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Q&A
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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 and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied and that are beyond WashTec AG's ability to control or estimate precisely. In addition to statements which are forward-looking by reason of context, the words 'may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue' and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those statements due to, without limitation, (i) general economic conditions, (ii) future performance of financial markets, (iii) interest rate levels (iv) currency exchange rates (v) the behaviour of other market participants (vi) general competitive factors (vii) changes in laws and regulations (viii) changes in the policies of central banks, governmental regulators and/or (foreign) governments (ix) the ability to successfully integrate acquired and merged businesses and achieve anticipated synergies (x) reorganization measures, in each case on a local, national, regional and/or global basis. WashTec AG does not assume any obligation and does not intend to update any forward-looking statements to reflect events or circumstances after the date of these materials. No obligation to update information: Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. WashTec AG does not assume any obligation and does not intend to update any information contained herein. No investment advice: This presentation is for information only and shall not constitute investment advice. It is not intended for solicitation purposes but only for use as general information. All descriptions, examples and calculations contained in this presentation are for illustrative purposes only. Investor Relations | August 2026 | WashTec AG17 |