LEONI Investor Presentation — November 2020

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Aldo Kamper, CEOFinancial results

Ingrid Jägering , CFO

11 November 2020Stabilization of business performance –VALUE 21 gross cost savings target achieved ahead of plan

›Q3 sales remain down y/y but negative momentum fading;

operating income in both divisions increased y/y due to

improved operational performance

›FCF up y/y on the back of favourable working capital

development including positive effects from factoring and

›Robust restart after the summer break and call -offs by

customers are in plan

›VALUE 21 progressing clearly ahead of plan: already

implemented measures expected to yield targeted gross cost

savings of €500m by 2022. However, phasing of scheduled

savings is dependent on volume recovery

›Covid -19 will continue to burden LEONI’s top -and bottom -line

as well as cash flow development during the remainder of the

year. Future performance will materially depend on

development of the pandemic as well the macroeconomic

Q3 2019 Copper price

growthQ3 2020Negative sales momentum has started to fade

›Q3 sales down ( -8% y/y) due to Covid -19 impact but

negative momentum fading (9M 2020: -22% y/y)

›Robust restart after the summer break, call -offs by

customers in plan; plant utilisation currently approx. 95%

4Q3 sales down 8% on the back of Covid -19

›Following the pandemic wave, Q3 sales in Asia are

slightly up by 1.6%, but Americas ( -14% y/y) and

EMEA ( -8%) are still down but negative momentum

has clearly faded across all regions€ million

Q4 2019 Q1 2020 Q2 2020 Q3 2020Organic sales growth development (in % y/y)

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