Group

Interim Report

Third Quarter 2021

Koenig & Bauer Group in figures

01.01. - 30.09.

in €m

2020*

2021

Order intake

712.8

978.6

Revenue

764.5

787.4

Order backlog at 30.09.

634.2

823.2

Export level in %

84.7

86.1

Earnings before interest and taxes (EBIT)

-74.1

16.7

Earnings before taxes (EBT)

-77.8

8.8

Net profit/loss

-86.9

5.5

Balance sheet total at 30.09. (prior year: 31.12.)

1,321.1

1,290.3

Equity at 30.09. (prior year: 31.12.)

342.2

359.4

Investment in intangible assets,

property, plant and equipment

27.3

19.3

Depreciation on intangible assets,

property, plant and equipment

25.4

27.6

Payroll at 30.09.

5,635

5,410

- thereof apprentices/trainees

339

323

Cash flows from operating activities

-47.8

33.3

Earnings per share in €

-5.28

0.31

* adjusted

2

Contents

Letter to shareholders

4

Koenig & Bauer shares

9

Group management report 10

10

Macroeconomic and

industry conditions

10

Business performance

12

Earnings, finances and assets

14

Segment performance

16

Risks and Opportunities

17

Outlook

Interim accounts

21

21

Group balance sheet

22

Group income statement

22

Statement of changes in

Group equity

23

Statement of comprehensive

Group income

24

Group cash flow statement

25

Notes

Key financial dates

28

3

Letter to shareholders

Dear shareholders,

The first nine months of 2021 were favourable for the Koenig

  • Bauer Group in several respects. Operating earnings continued to improve, while we registered a historically high order backlog of €823.2m at the end of September. Our customers ordered around 56% more in the third quarter and around 37% more for the first nine months of 2021 than in the previous year. This performance was particularly underpinned by the increase of around 54% in the Special segment. Orders were up on the previous year in all parts of this segment, especially driven by securities business. This shows that the banknote has retained its rightful place as a means of payment, especially in the pandemic, and will also remain relevant in the virtual world. Order intake was also up in the Sheetfed segment again, rising by around 36%, with the sharply expansionary and more pandemic-resistant packaging printing market accounting for the bulk of this growth. In mid-October we were able to combine the best of both worlds in the Sheetfed segment with the world premiere of the Koenig & Bauer Durst VariJET 106. This is because, with an output of 5,500 sheets per hour, the B1 press combines

4

Letter to shareholders

from left to right: Dr Andreas Pleßke

CEO - Board member Special segment Dr Stephen M. Kimmich

CFO

Michael Ulverich

COO - Production, Purchasing & Logistics

Ralf Sammeck

CDO - Board member Sheetfed segment

Christoph Müller

Board member Digital & Webfed segment

digital inkjet and classic offset printing. It features the basic technologies specifically required for automated, efficient, food-compliant printing systems and offers the shortest response times, variant diversity as well as individualization and enables efficient short-run printing capabilities. In this way, it is addressing growing customer demand for sustainability and focusing on the ability to meet brand- name companies' requirements with respect to multichannel communications, including e-commerce. The beta test is to commence under the guidance of Koenig & Bauer and Durst in the coming weeks. The first VariJET 106 units are expected to be installed at customer sites in Europe and America in the second half of 2022. The target groups are folding carton manufacturers for the pharmaceutical, cosmetics, tobacco and food industries. This shows that our customers' spending reticence is beginning to dissipate in many areas. Nevertheless, some new investments are being postponed due to the uncertainty surrounding the Covid-19 pandemic. In the first nine months of 2021, this mainly relates to order intake in the Digital & Webfed segment, although there were first signs of

5

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KBA - Koenig & Bauer AG published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 05:40:04 UTC.