KLINGELNBERG AG
Precision gearing champion with Swiss and German heritage

Presentation for Analysts and Investors
Financial Report H1 2021/22
Zürich, November 2021
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Presentation for Analysts and Investors  Slide 2

November 2021

Disclaimer
This presentation may contain specific forward-looking statements, e.g., statements including terms like "believe", "assume","expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject toknown and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actualresults, financial situation, development or performance of KLINGELNBERG Group and those explicitly or implicitly presumed inthese statements. Such factors include, but are not limited to, future global economic conditions, changed market conditions,competition from other companies, effects and risks of new technologies, costs of compliance with applicable laws, regulations
and standards, diverse political, legal, economic and other conditions affecting markets in which the KLINGELNBERG Group
operates, and other factors beyond its control. Against the background of these uncertainties, readers should not rely on forwardlooking statements. KLINGELNBERG Group assumes no responsibility to up-date forward-looking statements or to adapt them tofuture events or developments.
This presentation may contain certain measures that are not measures defined by Swiss GAAP FER. These non-Swiss GAAP
FER financial measures have limitations as analytical tools and should not be viewed as indicators of, or alternatives to, theGroup’s results or any performance or liquidity measures under Swiss GAAP FER, as set forth in its consolidated financialstatements. The non-Swiss GAAP FER financial measures should therefore be considered as supplementary information to, andread only in conjunction with, the consolidated financial statements of the Group. Since not all companies compute these or othernon-Swiss GAAP FER financial measures in the same way, the manner in which the KLINGELNBERG Group’s management haschosen to compute the non-Swiss GAAP FER financial measures presented herein may not be comparable with similarly definedterms used by other companies. As a result, you are cautioned not to place undue reliance on any non-Swiss GAAP FER
financial measures and ratios included herein.

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Presentation for Analysts and Investors  Slide 3

November 2021

Agenda1Introduction

2

Financial results

3Flood4

Outlook

5

Q&A

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Presentation for Analysts and Investors  Slide 4

November 2021

1 Introduction
1

Order intake remains at a good level

2

Order backlog at record high3

KLINGELNEBRG was well on track to even exceed theplanning before the force majeure event occurred on 14th July

4

Interruption of operations for nearly 8 weeks

5

KLINGELNBERG Group expects a total cost of around
EUR 55 million to EUR 65 million

6Liquidity secured

7

Government support is promised, but the amount and timingof payments are still unknown

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Presentation for Analysts and Investors  Slide 5

November 2021

2 Net sales down due to floods – strong recovery in order intake
KLINGELNBERG Group – Net sales, order intake and order backlog (in M€)
Net sales declined by EUR 6,6 million
compared with the prior-year period, a reductionof 10,6%.

Order intake significantly increased by
EUR 31,1 million from the same period last
financial year, a rise of 37,1%.

The KLINGELNBERG Group's order backlog
amounted to EUR 217,5 million, the highest
level in the company's history.

Net sales
100,080,060,040,088,461,755,1

H1 2020/21

H1 2021/22

20,00,0H1 2019/20

Order backlog

Order intake
140,0250,0120,0200,0100,0150,080,060,0105,340,0114,9217,5100,083,850,020,0135,1122,9

H1 2019/20

H1 2020/21

0,00,0H1 2019/20H1 2020/21

H1 2021/22

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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H1 2021/22

Presentation for Analysts and Investors  Slide 6

November 2021

2 Due to floods, sales and result below previous year's level
KLINGELNBERG Group – Income statement (in M€)

Net sales from goods and services
Other operating income
Change in inventory of finished and unfinished goods
Material expense
Personnel expense
Depreciation on tangible fixed assets
Amortization on intangible assets
Other operating expense
Share of result from joint ventures
Operating result
Financial result
Loss before income taxes
Income taxes
Net loss

H1 2020/21

H1 2021/22

Deviations

61,7
1,20,4-21,2-37,6-2,3-0,2-13,0
0,4-10,6
1,2-9,5-1,5-10,955,1
9,5
14,7-43,3-47,1-2,2-0,2-26,7
0,2-40,0-1,3-41,3-1,6-42,9-6,6
8,3
14,3-22,2-9,50,20,0-13,7-0,2-29,3-2,5-31,8-0,1-31,9

100%
2%
1%
-34%
-61%
-4%
0%
-21%
1%
-17%2%-15%
-2%
-18%

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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100%
17%
27%
-79%
-85%-4%
0%
-49%
0%
-72%
-2%
-75%
-3%
-78%

-11%

-105%
-25%
7%
2%-105%-51%-8%

Presentation for Analysts and Investors  Slide 7

November 2021

2 Increase in performance-related costs
KLINGELNBERG Group – Income and cost development (in M€)
Material expenseMaterial expense rose disproportionately to total
operating performance due

50,543,3in relation tototal operating
performance
in %

21,2

45,5%

H1 2019/20

Personnel expense

34,1%

H1 2020/21



62,0%

H1 2021/22

EBIT

1.340,3

to the significant increase in change in inventory.

to property damage incurred as a result of the floods(EUR 10,4 million).

Personnel expense increased by
EUR 9,5 million as a result of


discontinuation of short-time work (previous financial
half-year EUR 5,4 million).

increased costs for external personnel ofEUR 1,8 million.

rose number of FTEs from 1.176 to 1.181.

1.181,3Number ofFTEs

1.176,050,947,137,645,8%

H1 2019/20

60,5%

H1 2020/21

67,4%

in relation tototal operating
performancein %H1 2021/22

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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Presentation for Analysts and Investors  Slide 8

November 2021

2 Other operating expense ratio increased
KLINGELNBERG Group – Income and cost development (in M€)
Other operating incomeOOI was EUR 8,3 million higher than in thecomparable period of the previous financialyear. This was due to advance payments fordamages of EUR 8,6 million made by theinsurer in connection with damages caused bythe flood.

The increase in OOE was mainly due to repairs,
clean-up work and losses from the disposal ofproperty, plant and equipment, all of which wereflood-related.

9,50,91,2

H1 2019/20

H1 2020/21

H1 2021/22

Other operating expense
26,7
18,0
13,0

16,2%

H1 2019/20

in relation tototal operating
performance
in %

21,0%

H1 2020/21

38,3%

H1 2021/22

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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Presentation for Analysts and Investors  Slide 9

November 2021

2 EBIT significantly below previous year’s figure
KLINGELNBERG Group – EBITDA & EBIT development (in M€)
EBITDA-8,1%-7,1-13,1%

KLINGELNBERG Group had expected a clearly
positive result for the 2021/22 financial year.

Before the flood disaster, the company was wellon its track.

Following the floods, the company sufferedproperty damage totaling EUR 25,3 million as
well as a loss of sales into the millions.

Accordingly, the operating result fell significantly
by EUR 29,4 million to EUR -40,0 million
compared to the same period of the previous
financial year.

-68,2%-8,1
EBITDA in
relation to
net sales
in %-37,6
H1 2019/20

H1 2020/21

H1 2021/22

EBIT-11,3%-10,0-17,3%-72,5%-10,6
EBIT inrelation to
net sales
in %-40,0H1 2019/20

H1 2020/21

H1 2021/22

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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Presentation for Analysts and Investors  Slide 10

November 2021

2 Equity ratio significantly decreased
KLINGELNBERG Group – Balance sheet ratios (in M€)
Equity capital

Equity fell by EUR 37,6 million compared to H1
2020/21. As a result, the equity ratio decreased
by 15,3 percentage points compared with theprior-year period, to 35,8%.

Net change in cash was EUR -2,4 million in thefirst half of the 2021/22 financial year, andecrease of EUR 4,8 million compared to H1
2020/21.

148,9117,9Equity
capital ratio

80,359,5%

H1 2019/20

51,1%

H1 2020/21

35,8%

H1 2021/22

Cash flow statement

Financing structure
22,641,2

7,3
1,4

2,4

20,2

8,7-0,3-5,8-2,4-19,0-37,5-29,7

H1 2020/21

H1 2021/22-24,9

H1 2020/21

H1 2021/22

CF from operating activities
CF from financing activities

CF from investing activities
Net change in cash

H1 2019/20

Cash and cash equivalents

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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Financial liabilities

Presentation for Analysts and Investors  Slide 11

November 2021

3 Flood
14.07.2021

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Presentation for Analysts and Investors  Slide 12

November 2021

3 Flood…3 months in between…

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Presentation for Analysts and Investors  Slide 13

November 2021

4 Outlook
KLINGELNBERG Group The annual result for 2021/22 is expected to be EUR -30 million to EUR -40
million based on an estimated damage of EUR 40 million to EUR 50 million (net ofinsurance payments).

 Company collective agreement in negotiations
 Strong position in the market for renewable energy (Wind) Successful entry in E-Mobility applications

Financial Year 2022/23: Significant return to profitability

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Presentation for Analysts and Investors  Slide 14

November 2021

5 Q+A
KLINGELNBERG GroupCOMPACT, FLEXIBLE AND HIGHLY ACCURATE TESTING TECHNOLOGYThe Höfler Roll Testing Machine R 300 is covering the same component spectrum as the Speed Viper series in terms of axis traversing paths. Wheelcomponents can be tested up to an outside diameter of 300 mm. In conjunction with the optional counter support, shafts up to 800 mm long in extreme
cases can be analyzed to determine their running performance and noise behavior.

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Presentation for Analysts and Investors  Slide 15

November 2021

Appendix

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Presentation for Analysts and Investors  Slide 16

November 2021

Net debt is increased by EUR 13,1 million
KLINGELNBERG Group – Balance sheet (in M€)
2020-09-30
ACTUAL Q2

2021-09-30
ACTUAL Q2

Deviations

Cash and cash equivalents

41,218%20,29%-21,0-51%

Receivables from goods and services

33,515%

24,611%-8,8-26%

Inventories

88,538%

108,748%

20,223%

Other current assets

8,03%

11,35%

3,240%

Non-current assets

59,426%59,727%0,30%

Total assets

230,6100%

224,4100%-6,2-3%

Short-term financial liabilities

34,815%29,013%-5,8-17%Long-term financial liabilities

2,71%

0,70%

-2,0-75%

Payables from goods and services

6,83%

31,614%24,8

Other liabilities

68,430%82,937%

14,521%

Total equity

117,951%

80,336%-37,6-32%

Total liabilities and equity

230,6100%

224,4100%-6,2-3%

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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