NOVEMBER 08, 2022 - MARTIN DRASCH, CEO / MANFRED HOCHLEITNER, CFO

FINANCIAL FIGURES 9M 2022

FINANCIAL FIGURES 9M 2022

Conference Call Financial Figures 9M 2022

INCOME STATEMENT 9M 2022

In EUR m

9M/2022

9M/2021 *

Change in %

Revenues

191.4

163.6

+17.0

Total Operating Performance

211.5

171.0

+23.7

Other Operating Income

19.4

20.0

-3.0

Cost of Materials

-127.9

-92.8

-37.9

Personnel Expenses

-60.2

-56.8

-6.0

Other Operating Expenses

-35.1

-23.5

-49.5

Result from equity accounted investments

-0.8

-0.1

-468.1

EBITDA

6.8

17.7

-61.7

Amortization/Depreciation

-8.6

-9.0

+4.8

EBIT

-1.8

8.7

-120.9

EBT

-3.0

7.6

-139.4

Consolidated net profit

-4.3

4.2

-202.6

* Previous year's figures were positively influenced by the sale of shares in Talus Manufacturing Ltd. amounting to EUR 14.5 million

  • Growth in revenues of 17% compared to prior-year period
  • Other operating income positively impacted by currency effects
  • Strong increase in material costs as a result of make-or- buy strategy and thus increasingly purchased external services for individual projects
  • Higher personnel costs due to recruitment of highly specialized staff for the further development of the battery technology
  • EBITDA of EUR 6.8 million corresponds to an EBITDA margin of 3.2% (previous year *: 10.4 %)
  • EBIT of EUR -1.8 million corresponds to EBIT margin of -0.9% (previous year *: 5.1 %)

Conference Call Financial Figures 9M 2022

BALANCE SHEET

In EUR m

Current Assets

Non-

Current

Assets

341.2 341.2

240.2

199.2

70.4%

58.4%

31.1

9.1%

101.0

110.9

29.6%

32.5%

Assets

Liabilities &

Equity

Current

Liabilities

Non-Current liabilities

Equity

Sept 30,

Dec. 31,

Change

Definition

2022

2021*

Equity Ratio

Equity ÷

32.5%

30.3%

+2.2pp

Balance sheet total

Net Working Capital

Current assets

(in EUR m)

./. Liquid funds

48.7

24.2

+101.0%

./. Non-interest-bearing

current liabilities

Net Debt

Interest bearing liabilities

15.7

13.2

+18.7%

(in EUR m)

./. Liquid funds

  • Increase of balance sheet total to EUR 341.2 million as of September 30, 2022 (Dec. 31, 2021: EUR 285.7 million) mainly due to increase in down payments for projects and increased purchase prices for running projects (increase of inventories)
  • Increase of equity ratio to 32.5% (Dec. 31, 2021: 30.3%) reflects acquisition of stake in Manz of Daimler Truck AG
  • Net debt increased to EUR 15.7 million (Dec. 31, 2021: EUR 13.2 million) due to increase in short term loans for 2 subsidiaries

* Previous year's figures were adjusted after restatement due to additional impairment made on a contract asset.

08.11.2022 4

Conference Call Financial Figures 9M 2022

CASH FLOW

In EUR m

36.1

37.1*

-14.1

31.2

-17.0

+2.8%

Cash

CF from Operating

CF from Investing

CF from Financing

Cash

Jan. 1, 2022

Activities

Activities

Activities

Sept. 30, 2022

69.7

-30.8

32.6

-20.7

51.7**

Jan. 1, 2021

Sept. 30, 2021

  • Increase of Cash Flow from operating activities due to effect of sale of shares in Talus Manufacturing Ltd in previous year.
  • Decrease of Cash flow from investing activities results from the investment in intangible assets. Previous year's figures were positively influenced by the sale of shares in Talus Manufacturing Ltd.
  • Increase of Cash flow from financing activities reflect acquisition of stake in Manz of Daimler Truck AG in the course of a capital increase
  • The change in cash equivalents from Jan. 1, 2022 to Sept 30, 2022 results from the items net change in cash funds EUR m 0,1 and effect of exchange rate movements on cash EUR m 0,9.
  • The change in cash equivalents from Jan. 1, 2021 to Sept 30, 2021 results from the items net change in cash funds EUR m -18,9 and effect of exchange rate movements on cash EUR m 0,9.

08.11.2022 5

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Manz AG published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 10:33:02 UTC.