Krones : Präsentation Conference Call First Half Year 2021

Krones Conference Call 1st HY 2021

Krones First Half Year 2021

Conference Call 03 August 2021

Christoph Klenk, CEO

Norbert Broger, CFO

Krones 1st HY 2021

After a strong second quarter, Krones raises full-year guidance for 2021

• The upward trend in Krones' order intake continued in the second quarter. In total between January and June 2021, the volume of orders increased by 40.3% to €2,044.3 million.
• Krones increased revenue in the first half of 2021 by 1.3% to €1,720.1 million. Second-quarter revenue was up 11.7% year on year, to €845.5 million.
• The first half of 2021 saw Krones significantly improve its profitability. Earnings before interest, taxes, depreciation and amortisation (EBITDA) went up 16.2% to €137.7 million. The EBITDA margin was 8.0% in the reporting period (previous year: 7.0%).
• Based on the positive first-half trend, Krones is raising its full-year guidance for 2021. The company now expects revenue growth of 7% to 9% (previously 2.5% to 3.5%) and an EBITDA margin of 7% to 8% (previously 6.5% to 7.5%).

2 | Krones AG | Conference Call 03 August 2021

Krones highlights 1st HY 2021

Order intake RevenueEBITDA margin Free cash flow

+40.3%	+1.3%	8.0%	€35million
€2.04 billion	€1.7 billion	(PY 7.0%)	(PY € -65 million)

3 | Krones AG | Conference Call 03 August 2021

Order intake and orders on hand 1st HY 2021 (€ million)

Q4

Q3

4,084

+3.2%

1,126

919

1,386

3,307

-19.0%

1,006

Q4 -10.7%

844

Q3 -8.2%

2,044

+40.3%

1,536

Strong and sustainable market recovery in 2021 after Covid-19 crisis 2020

◼ Order intake with more than €2 billion

on pre Covid-19 level. For 2nd half-

year order intake will be below this

level - based on a more selective

approach

◼ Very high orders on hand level (with an

Q2

997 +9.9%

Q2 616

1,211

-12.6%

Q2

+58.3%

increase of 27% since beginning of the

year) gives a full utilisation till year-end

Order intake

Q1

Orders on hand

1,042

Full year

2019

-38.2%

841

Q1 -19.3%

Full year

2020

1,069

Q1 +27.1%

30.06.

2021

4 | Krones AG | Conference Call 03 August 2021

Revenue development by quarter (€ million)

3,959

+2.7%

Q4 1,069

Q3 1,000

Q2 906

Q1 984

3,323

-16.1%

874

Q4 -18.2%

750

Q3 -25.0%

Q2 757

-16.5%

942

Q1 -4.2%

1,720

+1.3%

845

Q2 11.7%

Q1 875

-7.2%

2nd half-year of 2020 just partly hit by Covid-19 crisis, so increase in revenue of 1.3% in line with expectations

• Revenue and performance still influenced in 1st half-year by Covid-19 regulations
• Higher revenue in 2nd half-year expected. Full year growth estimated between 7%-9%, which will be still below pre Covid-19 level

20192020

2021

5 | Krones AG | Conference Call 03 August 2021