JOST Werke : Annual Group Report 2020

ANNUAL GROUP REPORT 2020

DRIVINGGROWTH

JOST AT A GLANCE

Key figures

in €million

Consolidated sales

thereof: Sales, Europe thereof: Sales, North America thereof: Sales, Asia, Pacific and Africa (APA)

Adjusted EBITDA1

Adjusted EBITDA margin (%) Adjusted EBIT 1

Adjusted EBIT margin (%) Equity rao (%)

Net debt2

Leverage3, 9

Capex4 ROCE (%)5, 9

Cash conversion rate (%)6 Profit aſter taxes Earnings per share (in €) Proposed dividend (€ per share) Adjusted profit aſter taxes7 Adjusted earnings per share (in €)8

Change 7.9% 11.7% 6.5% -2.1% 1.9% -0.8%-points -4.7% -1.2%-points -12.9%-points 348.6% 335.2% 18.4% -6.2%-points -2.8%-points

-42.5%

-42.7%

-

-6.9%

-6.7%

• ¹ Adjustments for PPA effects and exceponals

• ² Interest bearing loans (excl. accrued financing costs) - liquid assets

• ³ Net debt/LTM adj. EBITDA

• ⁴ Gross presentaon (capex; without taking into account divestments)

• ⁵ LTM adj. EBIT/interest-bearing capital employed; interest-bearing capital: shareholders' equity + financial liabilies (except for refinancing costs) - liquid assets + provisions for pensions

• ⁶ (Adj. EBITDA - capex)/adj. EBITDA

• ⁷ Profit aſter taxes adjusted for exceponals in accordance with note 8

• ⁸ Adjusted profit aſter taxes/14,900,000 (number of shares as of December 31)

• ⁹ LTM figures for comparison purposes also include figures for Ålö before the January 31, 2020 acquision date

Sales by application 2020, in %

Sales by customer type 2020, in %

Emplyees by functions

2020 (2019)

Producon

TrailerTruckTractorAſtermarket (AM) and TradingOriginal Equipment (OE)

Sales

R & D

Administraon

Regional sales by destination 2020 (2019), in €million

Regional sales by origin 2020 (2019), in €millionOrganic sales development 2020, in €million, share in %

+23.9%

794.4

Europe 51% (51%)	Europe 61% (59%)
North America 24% (23%)	North America 22% (22%)	Sales revenues	Sales revenues
APA 25% (26%)	APA 17% (19%)	2019	2020

DRIVING GROWTH

JOST is a leading global producer and supplier of safety-crical systems for the commercial vehicle industry with the core brands JOST, ROCKINGER, TRIDEC, Edbro and Quicke.

JOST's global leadership posion is driven by the strength of its brands, its long-standing client relaonships serviced through its global distribuon network as well as by its efficient and asset-light business model. With sales and producon facilies in 25 countries across five connents, JOST has direct access to all major truck, trailer and agricultural tractor manufacturers worldwide as well as relevant end customers in the commercial vehicle industry.

JOST currently employs more than 3,000 staff across the world.

The holding company JOST Werke AG has been listed on the Frankfurt Stock Exchange since July 20, 2017.

CONTENT

• 2 Interview with the Executive Board

  • 25 Combined management report

• 6 Driving Growth

• 25 Fundamental information about the group

• 29 Report on economic

  • 12 To our shareholders

• position for 2020

  • 12 Equity markets and share price performance

• 40 Report on opportunities and risks

• 49 Report on expected developments

  • 14 Report of the Supervisory Board

• 51 JOST Werke AG (HGB -

  • 18 Members of the Supervisory Board

• German Commercial Code)

• 52 Corporate Governance

  • 20 Sustainability

  • 24 JOST worldwide

• 58 Consolidated financial statements

• 65 Notes to the consolidated financial statements

• 116 Responsibility statement

• 117 Independent auditor's report

• 124 Further information