s&t ag | q2 2018 results - ir.snt.at

Hannes Niederhauser, CEORichard Neuwirth, CFO

January/February 2020 Update

COMPANY PRESENTATION

*Source: IMS Report, ABI Research, Oracle, MarketsandMarkets Analysis

1 S&T provides globally IoT 4.0 technology

S&T offers IoT solutions for Industrial & Transportation IoT grows fast: The whole Industry 4.0 market is

expected to grow at a CAGR of ~15% by 2022*

3 S&T in figures

2018: EUR 991 Mio. revenues and EUR 90,5 Mio. EBITDA Target 2019: ~ EUR 1.145 Mio. revenues and EUR 105 Mio. EBITDA 4.880 employees in 30 countries

4 Listed in Frankfurt and member of the TecDAX® & SDAX®

Headquarter in Linz, Austria, listed in Frankfurt, Germany ~EUR 1.4 Bn. market cap 2018 trading volume of ~1,4 Bn.

2 S&T is an IT service provider with regional focus

Germany, Austria, Switzerland (DACH) East Europe

S&T AT A GLANCE

SAN DIEGO

MONTREAL

AUGSBURG

LINZ

TOULON

PENANG

BEIJING

TAIPEI

MOSCOWWARSAW

2

S&T HIGHLIGHTS

Revenue 9M 2019 (9M 2018): +14,1% EUR 753,2 Mio. (EUR 660,0 Mio.) EBITDA 9M 2019 (9M 2018): +25,3% EUR 71,7 Mio. (EUR 57,2 Mio.) Net income after NCI 9M 2019 (9M 2018): +13,5% EUR 29,0 Mio. (EUR 25,6 Mio.)

Manufacturing cooperation and IoT cooperation with Foxconn in progress Alliance with Microsoft and Intel for Industry 4.0 Cloud Solutions IoT software framework SUSiEtec expanded by AIS acquisition

ESG rating improvements ongoing Continuous dividend increase: 2014 - 2018: 7ct; 8ct; 10ct; 13ct; 16ct 2019: Share buyback program II 2019 executed with ~EUR 15 Mio. and ~788T shares

Profit Focus

Shareholder Focus

Leading IoT alliance

Cash and cash equivalents of EUR 261,0 Mio. at hand (31.9.2019) Sufficient liquidity available to finance organic and an-organic growth Working Capital Optimization progressing well through PEC program

Finance Growth

3

9M 2019: GOOD RESULTS IN ALL PARAMETERS

660.0

237.3

753.2

279.4

9M 2019 comparison Q3 2019 comparison

2018

2019

Revenue (in EUR Mio.)

+ 14%

+ 18%

57.2

20.5

71.7

27.4


2018

2019

EBITDA (in EUR Mio.)

235.9

81.1

279.9

105.4


2018

2019

Gross profit (in EUR Mio.)

25.6

9.3

29.0

10.8


2018

2019

Net income after NCI (in EUR Mio.)

4

+ 19%

+ 30%

+ 25%+ 34%

+ 14%+ 16%

(35,7%)

(37,2%)

(34,2%)(37,7%)

FY 2019 Preliminary: S&T on track for revenue target while exceeding initial EBITDA guidance

S&T BUSINESS MODEL

* incl. I/C revenues | **before MGMT fee distribution

Communications

IoT Solutions America

Revenue plan 2020: EUR 175 Mio.*

Mid-term targets: EBITDA** > 12% GM > 40% Growth p.a.: 12%

Avionics

IT Services | Europe

DACH RegionEastern Europe



Services DACHServices EE Services DACH

5



Industrial MedicalMedical Smart Energy

IoT Solutions Europe

Transportation Asia

EBITDA9M 2018 vs 9M 2019

14.7

24.5

IT Services

17,5*

+7,0**

3.6%

5.4%

IT Services

Adj. EBITDA margins 9M***

9M 2019: “IT SERVICES” SEGMENT

*3rd party revenues including IC | ** Difference based on charged management fees to S&T AG (part of IT Services Segment)***HQ-fee adjusted EBITDA margins in % of external revenue

Macroeconomic situation: Eastern Europe grows stronger than Western Europe

299.6

337.6

IT Services

Revenue9M 2018 vs 9M 2019*

6

LEFT: 9M 2018 | RIGHT: 9M 2019

Eastern Europe economy grows at +5% p.a.; thus stronger than Western Europe/Germany

EBITDA rise based in

improved operations additional HQ-fees IFRS 16-effect

Part of the Kapsch acquisition in Eastern Europe incorporated into IT Services

Good growth of SAP Hana and SI Business (Rohrer, GMG, etc.)


Adj. EBITDA margins 9M***

9M 2019: “IOT SOLUTION EUROPE” SEGMENT

*3rd party revenues including IC | ** Difference based on charged management fees to S&T AG (part of IT Services Segment)***HQ-fee adjusted EBITDA margins in % of external revenue

“Iot Solutions Europe” segment drives profitability


7

LEFT: 9M 2018 | RIGHT: 9M 2019

Highest EBITDA contribution to the group of 58% after 9M 2019

Profit growth continues due to increased share of software products in the S&T portfolio

Part of Kapsch consolidated since 1st of June 2019, still dilutive to EBITDA but turnaround faster then planned

Software portion to be increased further by R&D (SUSiEtec Rollout) and M&A (AIS)

300.2

382.1


34.541.4


14.0%

14.0%


44,8**

-3,4**


Adj. EBITDA margins 9M****

9M 2019: “IOT SOLUTION AMERICA” SEGMENT

*3rd party revenues including IC | ** USD FX effect ~ EUR 2,2 Mio. | *** Difference based on charged management fees to S&T AG (part of IT Services Segment)****HQ-fee adjusted EBITDA margins in % of external revenue

Upswing in USA ongoing


8

LEFT: 9M 2018 | RIGHT: 9M 2019

Two largest customers (~ 50% of revenues, but low margin) phasing out

New projects are not yet fully compensating phase out, as of 2020 double-digit growth expected

Negative impact of restructuring in Q3 2019 approx. EUR 0,5 Mio.

EBITDA would have reachedEUR 9,3 Mio. excl. HQ-fees

122.8

116.5**


7.95,7


9.3%

8.6%


-3,6***

Isolated Q3 2019 EBITDA margin improved to 10,7%

9,3***

ITP PROGRAM (`IMPROVE TECHNOLOGY PENETRATION´): PROGRAM TO BOOST S&T’S GROWTH AND MARGINS

1. Smart factory: SUSiEtec IoT software framework: Enabling machine learning (AI)

Improve software product portfolio: Embedded SW, Soft PLC, TSN (real time networks) EUR 80 Mio. software revenues planned by 2023 + triggering additional IoT product sales

2. Smart Energy: IoT-ready Smart Grids: From hardware (meter) up to data management software

Revenue plan of EUR 100 Mio. until 2023

3. Avionics technologies: In-Flight-Entertainment & Connectivity technologies

Revenue plan of min. EUR 120 Mio. until 2023

4. Train control systems: Mission critical control systems for high speed trains

Revenue plan of EUR 140 Mio. until 2023

9

Excellent pool of engineers Cost efficient in-house

resources in Eastern Europe

2018: EUR 122,8 million R&D costs (12,4% of revenues)

Around 3.000 engineering heads worldwide

2,619

467

669

1125

Engineering Field Engineers

Sales Others

ITP Program: Expected revenue development until 2023

FY 2019 FY 2023

1. SUSiEtec EUR 19 Mio. EUR 80 Mio.

2. Smart energy EUR 45 Mio. EUR 100 Mio.

3. Avionics technologies EUR 36 Mio. EUR 120 Mio.

4. Train control systems EUR 99 Mio. EUR 140 Mio.

TECHNOLOGY SMART FACTORY

Our offering for a Smart Factory: from Edge to Cloud

Cooperation with Foxconn

Roll out of IoT Software together in Asia

Cooperate on leading Industry 4.0 production standards and technologies

Create a global Industry 4.0 factory

Customer Examples Driverless transport vehicles for production and logistics operations

Enabling IoT navigation software for sensor-based tracking Printing industry

IoT Industry Computer Platforms to operate printing presses Manufacturer of injection molding machines

Modern user experience and process control in factory environment

Edge Devices Gateways / PLC FOG Cloud

Cooperation with Microsoft Azure

Embedded Softwarecustomized

IoT interfacesecurity

On premise computing & storage

“Real-Time Networks”

10

TECHNOLOGY AI FOR AUTONOMOUS DRIVING

Use Cases

For professional vehicles, car prototypes (Level 4)

Automated Guided Vehicles (AGV)

Cooperation with Intel (Mobileye)

USD 28 Mio. revenue in 2018

Smart Vehicles Embedded Edge Server

Facts and customer projects

US, Europe and China lead customers

High-growth potential

Design wins with three major car manufacturers to boost revenues to

USD 50 Mio. in 2019

11

TECHNOLOGY FOR CONNECTIVITY IN AVIONICS

Use Cases

Secure wireless connectivity for Commercial Airlines and Aviation

Solutions for BYOD devices enabling cost savings

Ethernet based solutions for line-fit or retro fit installation

Increasing software content

Secure wireless connectivity S&T outperforms TecDaxComprehensive solution offering

Facts

Used in 4.500+ airplanes worldwide

US certification ‘FAA’s PMA Supplement’ for worldwide deployment

Customers: EasyJet, Lufthansa, Pegasus Airlines, Immfly

Global Eagle Entertainment, Gogo, Ameco, Air China, New: Aircom

12

SUSiEtec in avionics: New product in development for IoT control of airplane equipment

13

STATUS PEC PROGRAM (PROFITABILITY | EFFICIENCY | CASHFLOW)

* Former working capital target for 2020 was 15%

Gain 2% EBITDA margin by 2023, reduce working capital from 22% (6M 2019) to 13%* (12M 2020)

Profitability

GOAL: INCREASE EBITDA MARGIN MID TERM BY 2%

Better ROI: Global roll out of new technologies: ITP program initiated for 2020, 2020 separate P&L reporting

Intensify Manufacturing cooperation with Foxconn and further benefit from their supply chain power: Implemented, visible in Q4, US tariffs addressed

Achieve savings of EUR 20 Mio. pa. within 12 months: Measures identified – visible in H1 2020 like for like

Efficiency

GOAL: OPTIMIZATION AND EFFICIENCY GAINS ACROSS THE GROUP

Reduce/merge number of legal entities Status: Minus 8 legal entities in 2019, 2020 further reduction of 16 entities

Process improvements measured by extensive reporting. Status: Reporting partially established, ITP, Divisions, working capital → fully running 2020

General tax optimization: Status: Implemented and visible as of today

Cashflow

GOAL: GENERATE EUR 60 MIO. CASH ACROSS THE GROUP

Reduction in inventory and working capital Status: despite revenue growth inventory reduced by EUR 7,5 Mio., additional reduction of EUR > 20 Mio. in Q4

Adjustment of supplier contracts (VMI) Status: Renegotiations partially completed, first improvements in Q4 2019 (EUR 10 Mio. working capital reduction)

Strict Accounts Receivable management Status: Q3 A/R outstanding improved from 83 to 77 days

14

STATUS PEC PROGRAM (PROFITABILITY | EFFICIENCY | CASHFLOW)

PEC program: Significant improvements in operating cash flow in Q3 2019

26.7

61.4

44.9

35.5

~60

2015 2016 2017 2018 2019

Operating cash flow (in EUR Mio.)

EUR 26 Mio. one-time effect

0

-5.8

-8.4

-19.9

4.5

9M 2015 9M 2016 9M 2017 9M 2018 9M 2019

Operating cash flow 9 months (in EUR Mio.) in EUR Mio.

Q2 2019 Q3 2019

Revenues 248,7 279,4

Inventory95 days (167 Mio.)

84 days (161 Mio.)

A/R gross83 days (228 Mio.)

77 days (237 Mio.)

in EUR Mio.Dec. 31, 2018 Sep. 30, 2019

Factoring 55,8 Mio. 50,3 Mio.

ONE-TIME EFFECTS ON PROFIT IN Q3 2019

No major impacts of one time effects on Q3 results

in TEUR One time effects

+1.649 Release purchase price consideration

-396 Restructuring – close Fremont office

-103 FX losses

-312 Expenses on stock options

-289 Side costs from M&A

+549 Total impact on Q3 results

in TEUR R&D capitalization Q3

+4.193 Capitalization R&D in Q3*

-3.882 Amortization of R&D in Q3

+311 Impact R&D Capitalization

15

in TEUR PPA

1.394 Q3 2018 Amortization

2.084 Q3 2019 Amortization

+690 Increase in PPA Amort.

* Only 13,6% of R&D&E cost capitalized

KAPSCH M&A: TURNAROUND FASTER THAN EXPECTED

Kapsch forecast 2018* 2019** 2020 2021

Revenues 124 ~50 100 110

EBITDA -16,9 -1,5 10 13,6

Status Turnaround measures 2019 2020 2021

Revenues / Growth

Revenues: 2019: stop EUR 20 Mio. unprofitable biz, 2021: 10% growth

- - 4,8 Mo.

Sales Synergies

Sales channel synergies 1,0 Mio. 3,2 Mio. -

SynergiesTechnology

Use Kapsch Software in Kontron 1,2 Mio. 2,3 Mio.

SynergiesEngineering

Insource engineers to cost efficient S&T

2,0 Mio.4,2 Mio. -

Cost savings Reduce 70 FTE, space, better GM 3,5 Mio. 2,9 Mio. - 2,5 Mio.

Improvement Total improvement per year +6,5 Mio. +11,5 Mio. +4,6 Mio.

Turnaround of Kapsch goes faster and better than expected

EUR 100 Mio. profitable biz remains (2018: EUR 124 Mio.), 470 employees reduce to < 400

Q3 2019 was profitable, FY 2019 incl. restructuring charges: EUR 1,5 Mio. (before 4,9 Mio.) of loss

For 2020 we expect ~ 10% of EBITDA, 2021: 12% of EBITDA and 10% growth

*FY: 4/2018 – 3/2019; **consolidated in S&T16

20202018

Synergies

Savings

One time effect: majority MAV Hungary

2019Savings

Synergies S&T

Increase Decrease Sum

S&T GROUP BALANCE SHEET

PEC Program to increase balance sheet ratios*From 2019 onwards new calculation of net cash based on IFRS 16: Cash and cash equivalents less non-current and current financial liabilities (incl. liabilities from leasing) ** WC= Inventories + AR (trade) + Contract Assets – AP (trade)

Mio. EUR 30.09.2019 31.12.2018 30.09.2019 31.12.2018

NON-CURRENT ASSETS 447,3 292,5 CAPITAL AND RESERVES 370,1 367,3

Fixed Assets 407,6 262,7 Equity 370,1 367,3

Other Assets 39,8 29,8 NON-CURRENT LIABILITIES 340,1 131,9

CURRENT ASSETS 711,7 555,5 Long-term loans and borrowings 225,0 79,4

Inventories 160,7 130,8 Other Non-Current Liabilities 115,2 52,4

Trade accounts receivable 186,8 202,7 CURRENT LIABILITIES 448,8 348,8

Contract Assets from Customers 24,0 4,4 Trade accounts payable 146,1 177,0

Cash and cash equivalents 261,0 171,8 Contract Liabilities from Customers 67,5 37,5

Other receivables and prepayments 79,2 46,0 Short-term loans and borrowings 85,0 39,6

Other Current Liabilities 150,4 94,7

Total Assets 1.159,1 847,9 Total Liabilities & Equity 1.159,1 847,9

Equity Ratio 31,9% 43,3%

Net Cash -105,4 44,6

Working Capital 225,4 160,8**

17

*

607

1633

815

1989

0

400

800

1200

1600

2000

Backlog Project pipeline

12M 2018

9M 2019

18

BACKLOG & DESIGN-WIN DEVELOPMENT REMAINS STRONG IN 2019

Backlog development remains positive

In 2020 we expect 5 of our new design wins to be from the Top 10 customers

+34%

+22%

Some major new design wins 9M 2019 Country Volume €

Global leader in social media platforms USA 50 Mio.

Control for high-speed train UK 35 Mio.

Avionics: Chinas largest airline increased China 34 Mio.

Autonomous driving: car manufacturer GER 32 Mio.

Edge computer: blood analysis system FR 26 Mio.

Industrial IoT scale systems GER 25 Mio.

American avionics supplier USA 18 Mio.

Industrial smart automation CH 18 Mio.

Embedded defense controller FR 16 Mio.

Smart grid: LINZ AG AT 10 Mio.(in EUR Mio.)

2020: S&T WILL EXCEED FIRST TIME 10% EBITDA-MARGIN

* 9M 2019

Guidance FY 2019: We increase the guidance from EUR 100 Mio. to EUR 105 Mio. EBITDA Guidance FY 2020: ~EUR 1,250 Bn. revenues at ~EUR 130 Mio. EBITDA →margin exceeds 10%

EBITDA(in EUR Mio.)

22.9 28.334.4

68,1

90,5

105

130

-10

10

30

50

70

90

110

130

2014 2015 2016 2017 2018 2019fc 2020p

+ 24%

Backlog EURMio.

12/14 12/15 12/16 12/17 12/18 09/19

Project Pipeline 644 701 1.002 1.105 1.632 1.988

Scheduled Orders 157 181 306 474 607 815

GM 33,0 % 33,9 % 33,5% 35,7 % 35,0% 37,2%*

EBITDA 5,9% 6,0% 6,8% 7,7% 9,1% 9,5%*

2014 2015 2016 2017 2018 2019fc 2020p

IoT Solutions | America

IoT Solutions | Europe

IT Services

385504468

882991

Revenue(in EUR Mio.)

1.145

19

1.250

AGENDA 2023: EBITDA GUIDANCE INCREASED

* Joint Venture with Foxconn | ** old Agenda 2023 guidance was EUR 200 Mio.

Organic growth in line with market growth per segment

Additional organic growth potential from the ITP programs

Inorganic growth via start-ups & acquisitions

EUR 2 Bn.

2023

2018

IT Services

420

IoT Solutions

450

EUR 1 Bn.

Growth in Asia*Acquisitions

Embedded ODM Services

Edge Server

Smart Meter

IoT Technologies

Potential up to EUR 300 Mio.






20

5yrs plan 2018a 2023p growth

Revenues 990 Mio. 2000 Mio. +102%

EBITDA 90,5 Mio. 220 Mio.** +143%

EPS 70 cent 175 cent +150%

Agenda 2023: plan of average annual growth of appr. 20% in profits and 15% in revenues We are on track → 2020 guidance confirms 44% growth in EBITDA within 2 years

21

ACQUISITION STRATEGY – AGENDA 2023: 2 BN OF REVENUES

M&A focus on restructuring cases with low multiples and technology/synergy potential

EUR 220 Mio. and EUR 17 Mio. in shares (buy back) for M&A → add EUR 100 Mio. revenues p.a.

EUR 100 Mio. for organic growth → add EUR 100 Mio. revenues p.a.

Agenda 2023: Achieve 2 Bn. of revenues without major capital increases, focus on cash generation (PEC program)

Acquisition targets:

Dedicated acquisition department installed at S&T responsible for: Due diligence

Technology synergies

1 year integration phase

No. 1: “Volume companies” – 2019: Kapsch Buy synergetic loss companies at reasonable prices (multiples <6)

Turnaround by synergies, savings and reduction of unprofitable biz

Increase GM from 25% to 40% and 10% EBITDA under S&T ownership

No. 2: “Technology Pearls” – 2019: Kapsch + AIS Complement our technology with focus on Software at reasonable prices (e.g. AIS)

Increase GM constantly by replacing low margin HW biz by SW enabled IoT biz

Target opportunities at reasonable prices

0.00

5.00

10.00

15.00

20.00

25.00

30.00

0

100

200

300

400

500

600

SDAX S&T AG EUR

22

THE S&T SHARE - TECDAX & SDAX MEMBER; TARGET: MDAX

Share buyback program II finalized: ~788K bought back shares, ~EUR 15 Mio. executed, program ended Dec. 2019 | ESG rating improvements ongoing

Ennoconn Corporation -27%

Freefloat - 73% - includes as follows:

Investec Asset Management Ltd - 5%

BNP Paribas Asset Management - 5%

Allianz Global Investors GmbH - 4%

Morgan Stanley Investment Management 4%

Dorval Asset Management - 3%

Hannes Niederhauser - 2%

Coverage Hauck & Aufhäuser | Buy: EUR 30,00

HSBC | Buy: EUR 30,00

Kepler Cheuvreux | Buy: EUR 27,00

Pareto Securities | Buy: EUR 27,00

Warburg Research | Buy: EUR 26,00

Raiffeisen Centrobank | Hold: EUR 20,00

Share liquidity

Two new analysts will take on coverage of S&T AG

Shareholder Structure S&T share: A TecDAX® & SDAX® member

0

500,000,000

1,000,000,000

1,500,000,000

2012 2013 2014 2015 2016 2017 2018 2019

SUMMARY

PEC Program boosts CF and EBITDA

Growth areas America + China Leading technologies in the high

growing IIoT marketOpportunities

2019 EBITDA guidance exceeded: EUR 105 Mio. instead of EUR 100 Mio.

Q3 2019: Revenue growth of 14% and EBITDA growth of 25%

PEC in Q3: EUR 16 Mio. operating cash flow and 37,7% Gross Margin

Achievements

Big players enter our niches in Industry 4.0

US-Dollar development Address right technology trends Risks

Guidance 2020: 1,250 Mio. revenues and ~ 130 Mio. EBITDA

2 Bn. revenues at > 11% EBITDA in 2023

Ongoing Working Capital improvement

MDAX membership

Targets

23

DISCLAIMER

This document includes 'forward-looking statements'. Forward-looking statements are all statements, which do not describe facts of the past, but containing the words "believe", "estimate","expect", "anticipate", "assume", "plan", "intend", "could", and words of similar meaning. These forward-looking statements are subject to inherent risks and uncertainties since they relate tofuture events and are based on current assumptions and estimates of S&T AG, which might not occur at all or occur not as assumed. They therefore do not constitute a guarantee for theoccurrence of future results or performances of S&T AG. The actual financial position and the actual results of S&T AG, as well as the overall economic development and the regulatory environmentmay differ materially from the expectations, which are assumed explicitly or implicitly in the forward-looking statements and do not comply to them. Analysts and investors, and any other person orentity that may need to take decisions, or prepare or release opinions about the shares / securities issued by S&T AG are cautioned not to place undue reliance on those forward-lookingstatements, which speak only as of the date of this document. Past performance cannot be relied upon as a guide to future performance.

Except as required by applicable law, S&T AG undertakes no obligation to revise these forward-looking statements to reflect events and circumstances after the date of this presentation, including,without limitation, changes in S&T’s business or strategy or to reflect the occurrence of unanticipated events. The financial information and opinions contained in this document are unaudited andare subject to change without notice. This document contains summarized information or information that has not been audited. In this sense, this information is subject to, and must be read inconjunction with, all other publicly available information, including if it is necessary, any fuller disclosure document published by S&T AG. None of the Company, its subsidiaries or affiliates or by anyof its officers, directors, employees, advisors, representatives or agents shall be liable whatsoever for any loss however arising, directly or indirectly, from any use of this document its content orotherwise arising in connection with this document.

This document or any of the information contained herein do not constitute, form part of or shall be construed as an offer or invitation to purchase, subscribe, sale or exchange, nor a request for anoffer of purchase, subscription, sale or exchange of shares / securities of S&T AG, or any advice or recommendation with respect to such shares / securities. This document or a part of it shall notform the basis of or relied upon in connection with any contract or commitment whatsoever.

This document does not constitute an offer to purchase securities in the United States, Canada, Australia, South Africa and Japan. Securities, including the bond of S&T AG may not be sold oroffered for sale within the United States or to or for the account of / in favor of US citizens (as defined in Regulation S under the U.S. Securities Act of 1933 in the current version (the "SecuritiesAct") unless they are registered under the regulations of the Securities Act or unless they are subject to an exemption from registration. Neither S&T AG nor any other person intend to register theoffer or a part thereof in the United States or to make a public offer of the securities in the United States.

24

APPENDIXEXPERIENCED MANAGEMENT TEAM

Executive Board

Hannes Niederhauser Richard Neuwirth Peter Sturz Michael Jeske Carlos Queiroz

CEO CFO COO Services EE COO Services DACH COO IoT Europe

25

Extended Management

BoardMichael Riegert Olga Sinenko Steve Chen Robert Courteau

EVP Transportation EVP Smart Energy EVP Asia EVP America

Vice Presidents

Christoph Neumann Andy Mason Bernhard Günthner

VP Technology VP Avionics VP Smart Factory

APPENDIX S&T KEY FIGURES

*From 2019 onwards new calculation of net cash based on IFRS 16: Cash and cash equivalents less non-current and current financial liabilities (incl. liabilities from leasing)

In Mio. EUR 2016 2017 2018 9M 2018 9M 2019 Q3 2018 Q3 2019

Revenues 503,7 882,0 990,9 660,0 753,2 237,3 279,4

Gross Profit (Margin)168,9

(33,5%)315,0

(35,7%)346,5

(35,0%)235,9

(35,7%)279,9

(37,2%)81,1

(34,2%)105,4

(37,7%)

EBITDA (Margin) 34,4 (6,8%)

68,1(7,7%)

90,5 (9,1%)

57,2 (8,7%)

71,7 (9,5%)

20,5 (8,6%)

27,4(9,8%)

EBIT before PPA amortization 28,2 47,9 67,3 40,6 42,4

Net Income 20,4 29,4 48,5 27,3 28,0 10,1 10,7

EBITDA Interest Coverage Ratio 7,9 9,8 14,5 12,6 12,4 17,9 10,1

Net Cash* 32,0 101,8 44,6 -7,3 -105,4 -7,3 -105,4

Working Capital 119,2 121,5 160,8 192,0 225,4 192,0 225,4

Equity Ratio 36,0% 41,2% 43,3% 45,7% 31,9% 45,7% 31,9%

Operating Cashflow 61,4 44,9 35,5 -19,9 4,5 -4,0 16,2

Employees 3.786 3.918 4.335 4.286 4.880

26

S&T AGIndustriezeile 35

A-4021 Linz

www.snt.at

IR Contact:

[email protected]

+49 821 4086 114

s&t ag | q2 2018 results - ir.snt.at

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