Q3 Results 2021, 28.10.2021

We print

your world.

9M 2021

Dr. Andreas Pleßke, CEO | Dr. Stephen Kimmich, CFO

28 October 2021, Würzburg

1	we're on it.

Koenig & Bauer at a glance.

1.	Business performance at a glance.
2.	Figures 9 months 2021.
3.	Segments.
4.	P24x efficiency programme.
5.	Market Outlook & Forecast.

• Further improvement in operating result achieved.
• Historically high order backlog and order intake.
• Business performance still affected by pandemic, supply bottlenecks and associated material price increases.
• Sales with 3.0 % YOY above previous year's figures for the first time in 2021.
• EBIT margin increases from -9.7 % to 2.1 % after nine months.
• Improvement in FCF and net financial position.
• Sheetfed and Special increase again in Q3 at a high level.
• Digital & Webfed in Q3 with first recovery tendencies in order intake due to growth in corrugated printing with CorruCUT.
• P24x "on track" - around 60% of the planned measures will be implemen- ted in 2021, which have had a positive impact on earnings development.
• Savings effects from the use of short-time work in the previous year replaced by long-term and sustainable measures.
• Fundamentally intact end markets with different growth opportunities.
• Forecast for 2021: 2 % EBIT margin on sales of € 1,100 - 1,135m and medium-term targets confirmed.

2

Koenig & Bauer | 9M figures 2021

28/10/2021

Business performance at a glance.

Classification of the first 9 months and Q3 2021 - Big Picture*.

// Historically high order backlog and order intake.	€m
1000		823.2
800
600
400	<	363.3
200
0
Order backlog	Order intake

// EBIT with sequential recovery in 2021.	€m

60

30

0

<

10.3

-30

-60

Q1 18

Q2 18

Q3 18

Q4 18

Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

Q4 20

Q1 21

Q2 21

Q3 21

EBIT

// Sales with sequential recovery in 2021.	€m

500

400

294.2

300

<<<<<<<<<<

200

100

0

Q1 18

Q2 18

Q3 18

Q4 18

Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

Q4 20

Q1 21

Q2 21

Q3 21

Revenue

• Book-to-billratio in 2021 constant >1.

	1.53
1.60													1.32	1.24
1.15				1.20								1.17
			1.08			1.03
1.20									0,99
					0.92			0.93
	0.87
				<<<<<<<<<<	0.83
0.80			0.64				0.67
0.40
Q1 18	Q2 18	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q2 21	Q3 21

Book-to-Bill-Ratio

3

Koenig & Bauer | 9M figures 2021

28/10/2021

* New revenue guideline in 2020; quarterly figures for 2018 and 2019 not adjusted.

Business performance at a glance.

Special segment with strong order intake - especially security printing.

Order intake

Special segment

The banknote retains its rightful position as a mean of payment, especially in the pandemic, and will continue to connect with the virtual world.

also contribute to this with order intake above the previous year's figures

4

Koenig & Bauer | 9M figures 2021

28/10/2021

Business performance at a glance.

Current status of the digital printing offensive and news from the corrugated board market.

Our client faces many	CorruCUT | High-Board-Line Rotary Punch
challenges
	Sustainability	CorruFLEX | Flexo post printer
	Traceability	CorruJET | Digital corrugated sheetfed printing

• electronic commerce

	Individualisation	>
	Brand protection
 Shortage of skilled workers
	Digitalisation of processes	RotaJET | Digital web printing
	Reliability of production
		VariJET
				>
	Change in business models			celebrates
	Partial shift in supply chains			world
VariJET	| Digital sheetfed printing	premiere

5

Koenig & Bauer | 9M figures 2021

28/10/2021