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KENDRION ● ● ● Kendrion continues revenue and profitability growth in a volatile market environment ● KENDRION N.V. Key figures Reported ( in EUR million ) Revenue PRESS RELEASE EBITDA EBITA Net profit 2 November 20 21 Revenue increased by 15 % to EUR 113.2 million compared with EUR 98.6 million in Q3 2020 Growth driven by all three Business Groups ; Industrial revenue exceeds pre - COVID levels Impact of semiconductor shortages , supply chain constraints , demand volatility and increasing raw material prices managed effectively Normalized Q3 EBITDA increase of 9 % to EUR 12.4 million ( Q3 2020 : 11.4 million ) Normalized Q3 EBITA of EUR 6.5 million , 30 % higher than Q3 2020 Further expansion of Industrial business through the acquisition of 3T ; integration on track Normalized net profit before amortization over the first nine months of EUR 16.5 million , 88 % higher than the same period in 2020 ( EUR 8.8 million ) Normalized ( in EUR million ) ² Revenue EBITDA EBITA EBITDA as a % of revenue EBITA as a % of revenue Return on invested capital¹ ( 12 months rolling ) Net profit before amortization EBITDA as a % of revenue EBITA as a % of revenue Return on invested capital¹ ( 12 months rolling ) Q3 2021 113.2 11.9 6.0 2.9 10.5 % 5.3 % Q3 2021 113.2 12.4 6.5 4.0 11.0 % 5.7 % Q3 2020 98.6 10.9 4.5 1.6 11.1 % 4.6 % Q3 2020 98.6 11.4 5.0 3.0 11.6 % 5.1 % delta 15 % 9 % 33 % 81 % PRECISION . SAFETY . MOTION . delta 15 % 9 % 30 % 33 % YTD 2021 YTD 2020 347.8 293.3 43.9 31.1 25.7 11.9 14.2 4.6 - The quarterly results are not audited - 12.6 % 7.4 % 13.8 % YTD 2021 347.8 44.3 26.1 16.5 12.7 % 7.5 % 15.2 % 10.6 % 4.1 % 5.0 % YTD 2020 293.3 33.2 14.0 8.8 11.3 % 4.8 % 8.4 % Invested capital excluding intangibles arising from acquisitions . 2 Normalized for one - off costs and benefits : - Q3 2021 : EUR 0.1 million ( EUR 0.0 million after tax ) restructuring costs and EUR 0.4 million ( EUR 0.3 million after tax ) acquisition costs . -Q3 2020 : EUR 0.5 million ( EUR 0.4 million after tax ) restructuring costs and EUR 0.4 million interest expense related to tax audit . - YTD 2021 : EUR 0.4 million ( EUR 0.3 million after tax ) restructuring costs , EUR 0.4 million ( EUR 0.3 million after tax ) acquisition costs and EUR -0.4 million tax claim receipt . - YTD 2020 : EUR 1.6 million ( EUR 1.2 million after tax ) restructuring costs , EUR 0.5 million ( EUR 0.4 million after tax ) acquisition costs and EUR 0.4 million interest expense related to tax audit . delta 19 % 41 % 116 % 209 % delta 19 % 34 % 86 % 88 % Page 1 of 8