Masterflex : Consolidated non-financial Statement 2022

Consolidated non-financial statement 2022 of the Masterflex Group for the

Group and Master-flex SE

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About this report

This non-financial statement covers Masterflex SE as the parent company of the Masterflex Group and its subsidiaries. This report presents the mandatory non-financial information in accordance with the CSR Directive Implementation Act and is based on the DNK criteria.

The Business Model

Masterflex SE, Gelsenkirchen, is the parent company of the Masterflex Group (referred to here as Masterflex Group). The business activities of Masterflex SE and the Group focus on the development, production and marketing of sophisticated connection and hose systems made of high-performance plastics and fabrics. This business has been the continuously profitable mainstay of the Masterflex Group since its foundation over 30 years ago.

Six strong corporate brands and 14 operating subsidiaries worldwide make up the Masterflex Group. Our products and solutions secure demanding and essential functions in high-tech industries such as aerospace, medical technology, mechanical and plant engineering, chemical industry, food and pharmaceutical technology and other important industries. In addition, the Masterflex Group also offers consulting and order-related development services for hoses and connection systems as part of its engineering services.

Production sites of the Masterflex Group are Gelsenkirchen (Masterflex), Neuss (APT), Halberstadt (Novoplast), Wald-Michelbach (Fleima-Plastic), Norderstedt (Matzen & Timm), Houston, USA (Masterduct) and Kunshan (PR China). In addition, the Masterflex Group has subsidiaries at various locations in Europe, America and Asia, some of which have small production lines and sales partnerships.

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The brands

The six corporate brands of the Masterflex Group also represent the most important operating companies with their own production capacities and, with their respective product portfolios, are part of the unified market presence under the umbrella brand MASTERFLEX GROUP. In addition to these brand companies, there are eight other operating subsidiaries in Europe, the USA and Asia, which distribute products of these brands and in some cases also manufacture them locally.

Our slogan "Connecting Values" expresses our core competence: holistic connection solutions that are adapted to customer-specific requirements - combined with German engineering that is used in worldwide production, with a high level of reliability and safety as well as with pronounced customer proximity in terms of advice and service. In summary, "Connecting Values" means: We connect values with added value for our customers.

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MASTERFLEX

The spiral hose business is the core competence of the Masterflex brand with its production focus in Gelsenkirchen. In addition to extruded spiral hoses, clip hoses and film hoses are developed, produced and distributed. Connecting elements such as couplings, flanges, threaded connectors, clamps and other accessories round off the range of solutions for flexible connecting tasks and in some cases create unique system solutions.

The extensive range offers products that fulfil individual requirements and demanding tasks. Regardless of whether very abrasive solids, aggressive chemicals, gaseous media up to +1,100 degrees Celsius or, for example, foodstuffs have to be transported: The hoses made from high-tech plastics and fabrics always represent an application- and customer-oriented, flexible solution.

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The brand company Matzen & Timm is a renowned and international manufacturer of special hoses, bellows and molded parts made of high-quality synthetic rubber materials such as silicone. The products are largely manufactured by hand on an industrial scale and are used wherever precision and particular resilience are required. These include in particular the aviation industry, the automotive sector and rail transport. Production takes place in Norderstedt near Hamburg.

The special hoses can be found, for example, in the air-conditioning systems of aircraft, such as at Airbus, under the bonnet of a racing car at the DTM or in modern train systems. As a manufacturer with its own development department, the value chain includes all sub-steps from design, simulation (FEM) and qualification at the customer's premises to the production of prototypes and series production.

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For more than 50 years, Matzen & Timm has been one of the most important suppliers for the aerospace industry, special vehicles and mechanical engineering, not least because of its experienced handling of a wide range of qualification requirements and its high level of development competence. Innovative products, such as the weight-reduced and/or electrically conductive hose or the protective hose for the fuel line in aircraft, meet the highest requirements for safety and function.

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The brand company Novoplast Schlauchtechnik GmbH in Halberstadt specialises in the extrusion of hoses and profiles in the diameter range 0.1 to 50 mm for industrial and medical applications. Sometimes these products are also processed further, for example by heat- setting or by other special assembly and moulding processes. With heat-setting, moulded hoses with complex geometries and bending radii can be produced according to customer requirements and with high precision in 2D or 3D variants. It is precisely these capabilities that open up hitherto little-known fields of application, for example in the substitution of metal pipes with low-noise or vibration-free plastic connections.

Tube and profile extrusion is carried out on state-of-the-art equipment. Other special materials are regularly added to the wide range of materials. Clean rooms of ISO classes 6, 7 and 8 are set up for production in medical technology.

Novoplast Schlauchtechnik works closely with its sister company FLEIMA-PLASTIC GmbH, a manufacturer of medical technology precision injection moulded parts. This makes it possible to offer customers complete medical solutions from a single source, consisting of tubing and medical components, such as luerlock connectors, drip chambers or roller clamps.

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The brand company FLEIMA-PLASTIC GmbH from Wald-Michelbach/Odenwald, founded in 1974, has been part of the Masterflex Group since 2004. The company produces high-quality injection moulded parts and assembled components made of plastics, mainly for the medical technology, cosmetics and food technology sectors. In the modern plant, injection moulded components - also in multi-component technology - are manufactured, assembled or finished, among other things in clean rooms of ISO classes 7 and 8. In addition, there is a great deal of experience in the construction of precision injection moulding tools in the company's own mould making department and in the creation of prototypes in all common rapid prototyping processes..

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HVAC hoses & clip hoses

In North and South America, the Masterflex Group is represented by Masterduct Holding, Inc. a wholly owned subsidiary of Masterflex SE. Masterduct Holding includes three

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operating subsidiaries: Masterduct Inc. as well as Flexmaster U.S.A. Inc. both located in Houston, Texas, and Masterduct Brasil Com6rcio de Dutos LTDA in Sao Paulo, Brazil.

Masterduct and Flexmaster U.S.A., which operate in North and South America, also function as brand companies with a corresponding product portfolio.

Flexmaster U.S.A. is established as a hose specialist for heating, ventilation and air conditioning (HVAC for short) in the air conditioning and ventilation sector and is a leader in applications in public construction, such as in hospitals, schools, sports facilities and universities. Flexmaster U.S.A. is a preferred supplier in the healthcare sector because its products contain no adhesives or solvents. In addition, sound-insulating hoses are used for soundproofing instead of metal joints because they are cheaper, more flexible and more sound-absorbent.

Masterduct distributes the portfolio of the Masterflex and Novoplast Schlauchtechnik brands in the American market under its brand. The customer base ranges from the timber industry, mechanical engineering and the plastics industry to the aviation and service industry.

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APT Advanced Polymer Tubing GmbH from Neuss specialises in smooth and shrinkable tubing made of fully or partially fluorinated plastics. APT hoses can be used permanently at temperatures from 200 to +260 degrees Celsius. They are also resistant to many chemicals used in industrial processes. APT products owe these capabilities to the processed raw materials FEP (fluorinated ethylene propylene), PFA (perfluoroalkoxy) and PTFE (polytetrafluoroethylene). These fluoroplastics require very specialised processing know-how as well as high-quality machinery designed for this purpose. The Masterflex Group has had this specialist knowledge since the acquisition of APT in 2017. On the sales side, companies from the medical technology sector are also increasingly being addressed.

AMPIUS

We are the first hose manufacturer ever to launch a complete operator system consisting of hose, sensor technology, engineering and data processing: under the name AMPIUSO we offer hose systems with integrated life cycle tracking functions as well as a matching app.

This also includes solutions for digital twins of our products, which can be managed or supplemented in their data stock with the help of AMPIUS® asset management, which was developed in 2022. Digital twins, i.e. virtual images of products, are the basis for Industry 4.0 and digital business models of the future at the Masterflex Group.

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