TAKKT : D Earnings Call presentation

Relaunch of kaiserkraft and integration of FS leading to steadily increasing cross-sellingrevenues

Good growth development of eProcurement in I&P and more efficient marketing spend due to brand harmonization

Smart pricing capabilities developed and in implementation in I&P

Further reduction and integration of tech platforms across all divisions initiated

Supply chain integration supporting freight saving

Joint purchasing within divisions leading to GP margin improvements

Centralized steering approach of net working capital with significant inventory release and cash contribution

Very positive customer feedback on sustainable enkelfähig products which have grown to 24% of order intake

TAKKT's commitment to sustainability was recognized by winning the

German Sustainability Award 2024

50% women in extended executive leadership team

3

15.02.2024

Guidance

Results

Mid single-digit

organic sales

decline

EURm 1,240.0

(-5.9%)

Improvement to

around 40%

39.8%

(2022: 39.3%)

Between EUR 107

and 117 million

EURm 111.9

(-15.3%)

Significant

increase

EURm 91.9

(+30.5%)

4

15.02.2024

Cautious expectations confirmed

by very weak environment

Continuation of top-line trend

Tight management of gross profit and costs pays off in Q4

Continued strong cash

generation

Goodwill impairment at

Displays2Go

Stagnation and negative sentiment in

Europe, soft markets in the US

Organic sales decline of 11.3%

1.7%points increase in gross profit margin

and significantly lower cost base

Free TAKKT cashflow

of EUR 31.5m

EUR 37.0m non-cash goodwill

impairment due to rising interest rates and structural change in post-covid displays market; countermeasures initiated

Q4: TAKKT Group

Sales (in EUR million)

329.2

Q4/22Q4/23

Sales 13.3% below prior year, 2.0% negative currency effects

Organic growth at minus 11.3% in a very challenging environment

FS continues to perform more stable than other two divisions

Q4/22Q4/23

EBITDA of EUR 24.6 (27.0) million only slightly below prior year, EBITDA margin improved to 8.6% (8.2%)

Strong increase in gross profit margin to 39.9% compared to the weak Q4/22 (38.2%)

Strict cost management pays off with lower cost base in marketing, personnel and other costs

One‐time expenses and gains with a positive net

impact of around EUR 1 million in both periods

Q4/22Q4/23

Sales 11.3% below prior year

Weak environment in European manufacturing results in organic sales of minus 11.5%

Certeo phase-out has negative impact of three percentage points

EBITDA almost stable at EUR 23.2 (23.4) million despite much lower sales volume

EBITDA margin improved to 14.2% (12.8%)

Strong improvement in gross profit margin, lower marketing and other costs, including positive one-time gain of around EUR 1.5 million from sale of real estate

Sales decreased by 19.4%, negative currency effects of 4.7%

Organic sales development at minus 14.7%

NBF and D2G both with low double-digit organic sales decline

EBITDA was EUR 5.0 (5.6) million, EBITDA margin at 8.1% (7.4%)

Strong improvement in gross profit margin of more than 4 percentage points compensates lower sales

Lower cost base due to cost management, especially in marketing and personnel costs

One-time gain of less than EUR 2 million in Q4/22

Q4: FoodService

Sales decrease by 11.7% with negative currency impact of 4.9%

Organic sales development at minus 6.8%

Hubert with slightly positive growth in Q4 while Central is clearly below prior year

EBITDA at EUR 2.4 (4.5) million, EBITDA margin at 3.8% (6.5%)

Profitability decrease mostly a result of the lower gross profit margin with some impact from other costs