Schaffner : Presentation of Half-Year Results 2022/23

Half-year 2022/23 Result presentation

Marc Aeschlimann CEO / Christian Herren CFO

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Caution regarding forward-looking statements

This communication contains statements that constitute "forward-looking statements", including, but not limited to, statements relating to the implementation of strategic initiatives, and other statements relating to our future business development and economic performance.

While these forward-looking statements represent our judgments and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations.

These factors include, but are not limited to, (1) general market, macro-economic, governmental and regulatory trends, (2) movements in currency exchange rates and interest rates, (3) competitive pressures, (4) technological developments, (5) changes in the financial position or credit worthiness of our customers, and counterparties and developments in the markets in which they operate, (6) legislative developments, (7) management changes and changes to our Business structure and (8) other key factors that we have indicated could adversely affect our business and financial performance which are contained in other parts of this document and in our past and future filings and reports, including those filed with the SIX Swiss Exchange.

More detailed information about those factors is set forth elsewhere in this document and in documents furnished by Schaffner Group, including Schaffner Holding's Annual Report for the year ended 30 September 2022 and the Interim Report for the period ended 31 March 2023 Schaffner Group is not under any obligation to (and expressly disclaims any such obligations to) update or alter its forward-looking statements whether as a result of new information, future events, or otherwise.

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Agenda

1.	Business Review	Marc Aeschlimann
2.	Financials H1 2022/23	Christian Herren
3.	Outlook	Marc Aeschlimann

4. Q&A

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Schaffner with substantially increased profitability

Order intake

Net sales

76.0 84.8

in CHF million

in CHF million

EBIT

10.7 12.6%

in CHF millionof net sales

Net profit
9.8	11.6%
in CHF million	of net sales
Free cash flow	Equity ratio

10.7 68.6%

in CHF million

of total assets

• Schaffner delivered very successful first half-year
• Sales growth achieved above medium-term target despite unfavorable exchange rates
• Order intake lower due to widespread uncertainty
• Supply chain and logistics challenges reduced, and costs largely stabilized
• EBIT margin increased to record level
• High free cash flow generated
• Equity base further strengthened

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Schaffner Group: Highest EBIT margin since going public

	H1	H1	∆ in %
in CHF million	2022/23	2021/22
Order intake	76.0	91.0	-16.5%
Net sales	84.8	78.9	7.4%
EBIT	10.7	7.1	50.5%
EBIT margin	12.6%	9.0%	n.a.
Net result	9.8	5.1	89.9%
Net margin	11.6%	6.5%	n.a.

• Net sales increased by 7.4% to CHF 84.8 million (in lc 11%)
• Europe achieved strongest growth, Asia and Americas mostly stable
• Opening of China has given positive signal
• Material and logistics costs normalized but partially still at a high level
• Achieved highest EBIT margin of 12.6% since going public
• Proof that strategic realignment towards filter solutions for growth-oriented markets is paying off

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