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February 15, 2018

Preliminary results 2017

TAKKT AG

Chartfolie mit Headline: Calibri Regular, 24 pt Farbe Dunkelgrau

283.3 270.7

Q4/16 Q4/17

33.9 30.6

12.0% 11.3%

Q4/16 Q4/17

Q4 2017: TAKKT Group

February 15, 2018 Earnings call preliminary results 2017 2

Sales (in EUR million)

• Sales decrease by 4.4% mainly due to negative currency effects (-4.6 %). Slightly positive portfolio effect from Mydisplays acquisition (+0.3%).

• Organic sales decline by -0.1%. • Lower number of working days had negative sales impact of

just above 1%. • Order intake with significantly better growth than sales.

• EBITDA margin at 11.3% (12.0%). • Decrease in profitability due to lack of sales growth and

increased digital agenda costs.

EBITDA (in EUR million) and margin (in %)

TAKKT AG


149.4 151.8

Q4/16 Q4/17

25.2 23.0

16.9% 15.2%

Q4/16 Q4/17

Q4 2017: TAKKT Europe



• Sales increase of 1.6% with negative currency effects (-1.1%) as well as a positive acquisition effect from Mydisplays acquisition (+0.5%).

• Organic sales growth of 2.2%. BEG with low single-digit, PSG with mid single-digit organic growth.

• Lower number of working days had negative sales impact of ca. 2%.

• EBITDA margin at 15.2% (16.9%). • Decrease in profitability mainly due to lower gross profit

margin and increased digital agenda costs.


TAKKT AG


133.9 118.9

Q4/16 Q4/17

11.8 10.9

8.8% 9.2%

Q4/16 Q4/17

Q4 2017: TAKKT America



• Sales decrease by 11.2%, mainly due to negative currency effects (-8.6%).

• Disappointing organic sales development (-2.6%) despite growth in order intake.

• While order intake showed growth at both REG and OEG, sales development was negative as a result of a shift in project business.

• MEG with stable development and DPG with slight growth.

• EBITDA margin at 9.2% (8.8%). • Positive effect on profitability from lower marketing and

bonus costs overcompensating higher digital agenda costs and lack of sales growth.


TAKKT AG


1,125.0 1,116.1

2016 2017

171.3 150.3

15.2% 13.5%

2016 2017

2017: TAKKT Group



• Sales decrease by 0.8% with negative currency effects (-1.3%) as well as a positive acquisition effect from Mydisplays acquisition (+0.1%).

• Organic sales growth with 0.4% in the middle of the adjusted guidance corridor of 0% to 1%.

• EBITDA margin at 13.5% (15.2%). • Positive effect in previous year from adjustments of variable

purchase price liabilities for Post-Up Stand and BiGDUG totaling EUR 8.6 million.

• Adjusted EBITDA margin at 13.5% (14.5%). • Decreased profitability due to slow sales growth as well as

increased digital agenda costs (-0.5%). • Overall digital agenda costs of EUR 7.7m (EUR 2.4m)


TAKKT AG


563.3 575.0

2016 2017

107.1 97.1

19.0% 16.9%

2016 2017

2017: TAKKT Europe



• Sales increase of 2.1% with negative currency effects (-0.8%) as well as a positive acquisition effect from Mydisplays acquisition (+0.3%).

• Organic sales growth of 2.6%. • PSG with slightly higher growth than BEG.

• EBITDA margin at 16.9% (19.0%). • Positive effect in the previous year from adjustments of

outstanding variable purchase price liabilities for BiGDUG totaling EUR 4.5 million.

• Adjusted EBITDA margin at 16.9% (18.2%). • Declining profitability mainly due to increased digital agenda

costs and pricing initiative at PSG in Germany.


TAKKT AG


562.0 541.4

2016 2017

77.1

64.8

13.7% 12.0%

2016 2017

2017: TAKKT America



• Sales decrease by 3.7% with negative currency effects (-1.8%).

• Organic sales decrease by 1.9%. • MEG with high single-digit decline due to weak customer

demand in food service and food retail industries. Low single-digit organic growth for REG, DPG and OEG.

• EBITDA margin at 12.0% (13.7%). • Positive effect in previous year from adjustments of

outstanding variable purchase price liabilities for Post-Up Stand totaling EUR 4.1 million.

• Adjusted EBITDA margin at 12.0% (13.0%). • Declining profitability due to negative sales growth and

increased digital agenda costs.


TAKKT AG


in EUR million 2016 2017

profit 91.4 96.3

+ depreciation +29.2 +27.1

+/- deferred taxes expense/income +5.0 -14.4

TAKKT cash flow 125.6 109.1

2017: TAKKT cash flow


125.6

109.1

11.2% 9.8%

2016 2017

TAKKT cash flow (in EUR million) and margin (in %)


EBITDA 171.3 150.3

- financial result -9.5 -8.2

- current taxes -36.2 -33.0

TAKKT cash flow 125.6 109.1 • Decrease in TAKKT cash flow in line with EBITDA

development.

TAKKT AG


Cash flow generation



TAKKT cash flow 125.6 109.1

Change in net working capital as well as other adjustments

-8.9 -8.7

Cash flow from operating activities 116.7 100.4

Capital expenditure in non-current assets -17.4 -27.8

Proceeds from disposal of non-current assets +0.5 +0.4

Proceeds from disposal of consolidated companies

+1.6 +0.0

Free TAKKT cash flow (for acquisitions, payout to shareholders and loan repayments)

101.4 73.0

• Increase comparable to prior year.

• Increase in capital expenditures due to investments into the digital agenda of EUR 13.2 million in 2017.

TAKKT AG


177.5

135.2

12/31/2016 12/31/2017

55.2% 61.2%

12/31/2016 12/31/2017

Balance sheet


Net financial debt (in EUR million)

• Free TAKKT cash flow was mainly applied to • dividend payment, • repayment of financial liabilities.

• Change in currency rates with positive impact on

net financial debt.

• Profit for the period leads to an increased equity ratio.

Equity ratio (in %)

TAKKT AG

Organic sales growth

Earnings call preliminary results 2017 11

Organic growth 2014 2015 2016 Q1/17 Q2/17 Q3/17 Q4/17 2017

TAKKT Group +5.5% +4.7% +5.2% +4.1% -2.3% -0.1% -0.1% +0.4%

TAKKT Europe +3.3% +0.7% +3.5% +6.6% -2.5% +4.6% +2.2% +2.6%

TAKKT America +8.1% +10.0% +7.0% +1.5% -2.2% -3.8% -2.6% -1.9%

February 15, 2018

Inhaltsfolie mit Bild rechts: Positionierung innerhalb des Inhaltsrasters. Bildmaße: Bild halbe Seite mit Rand: (B x H) 15,2 x 13,3 cm

TAKKT AG

First glance into 2018

• Beneficial market environment for European sales brands in the coming months.

• Picture for the US is less clear at the moment, still uncertainty in some market segments.

• TAKKT expects better year 2018 than 2017.

Earnings call preliminary results 2017 12 February 15, 2018

TAKKT AG


Appendix: Structure of sales growth


in % Q1/17 Q2/17 Q3/17 Q4/17 2017

TAKKT Group in EUR +5.5% -1.5% -2.5% -4.4% -0.8%

organic +4.1% -2.3% -0.1% -0.1% 0.4%

currency +1.4% +0.8% -2.7% -4.6% -1.3%

acquisition/divestment - - +0.3% +0.3% +0.1%

TAKKT Europe in EUR +5.9% -3.2% +4.2% +1.6% +2.1%

organic +6.6% -2.5% +4.6% +2.2% +2.6%

currency -0.7% -0.7% -1.0% -1.1% -0.8%

acquisition/divestment - - +0.6% +0.5% +0.3%

TAKKT America in EUR +5.0% +0.3% -7.9% -11.2% -3.7%

organic +1.5% -2.2% -3.8% -2.6% -1.9%

currency +3.5% +2.5% -4.1% -8.6% -1.8%

acquisition/divestment - - - - -

TAKKT AG


TAKKT investor relations


IR Contact

Christian Warns / Benjamin Bühler Phone: +49 711 3465-8222 / -8223 Fax: +49 711 3465-8100 e-mail: [email protected] www.takkt.com TAKKT AG is headquartered in Stuttgart, Germany.

Upcoming Events

Basic data TAKKT share Historic share price development (Xetra)

ISIN / WKN / Ticker DE0007446007 / 744600 / TTK

No. shares 65,610,331

Type No-par-value bearer shares

Share capital EUR 65,610,331

Listing September 15, 1999

Index SDAX, prime standard

Designated sponsors Equinet, Oddo Seydler, Hauck & Aufhäuser

TAKKT AG

March 21. Publication of the annual report 2017 and analysts' conference 22. Crédit Mutuel CIC ESN Conference, Paris April 10.-12. Spring Roadshow

22.45

15

17

19

21

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25

Jan Mar May Jul Sep Nov Jan

mailto:[email protected]

http://www.takkt.com/

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