LEONI Investor Presentation — September 2019

Document content

Ingrid Jägering›Sales and EBIT characterised by weak market environment,

lower volumes, operational performance issues in WSD and

increased personnel expenses

›VALUE21 on track to deliver sustained gross savings of

EUR500m from 2022 onwards; measures with an effect of more

than EUR150m already implemented*

›Q3 EBIT prior to exceptional items as well as VALUE21 costs**

of EUR -15m; VALUE21 costs of EUR53m booked in Q3, mainly

related to headcount reduction

›Continued significant free cash flow improvement

year-over-year and sequentially at EUR -12m in Q3 (Q3/18:

EUR -141m )Q3 at a glance

3Free cash flow significantly improved, sales and EBIT impacted by challenging market environment

* Gross savings excluding structural headwinds; full run -rate from FY 2022 onwards

** Also referred to as “EBIT before exceptional items as well as before V21 costs” or “EBIT prior to special items as well as V21 costs”-1.8%

Q4 2018 Q1 2019 Q2 2019 Q3 2019Organic sales growth development

(in % y/y)Q3 characterised by weak market environment

4Q3 2018 Consolidation

growthQ3 2019in Euro million

›Top-line continues to decrease year -on-year, even

though previous year’s Q3 was already weak ›Both divisions affected by challenging market

›Weaker demand in almost all end customer industries-4 -5 -56

Rounding differences may for arithmetical reasons occur versus the mathematically precise figures Reported Q3 EBIT impacted by VALUE21 progress

Operating income development year -on-year

Q3 2018 Volume, mix &

price reductionsOperational

performanceSalary inflation Ramp-up costs Others Q3 2019 prior to

VALUE21 costsExceptional items

VALUE21 costsQ3 2019in Euro million

›Volume reduction reflects weaker market environment,

Preview truncated — download the full document for the complete content.