H1 2020 Results Christian Buhl, CEO Roland Iff, CFO 18 August 2020 - PowerPoint PPT Presentation

H1 2020 Results Christian Buhl, CEO Roland Iff, CFO 18 August 2020

Agenda • H1 2020 at a glance • Outlook 2020 SLIDE 2 H1 2020 RESULTS AUGUST 18, 2020

Key figures H1 2020 Net sales growth (in CHF) Net sales growth (currency adj.) EBITDA margin -4.5% -9.8% 31.5% +70 bps vs PY EPS growth (in CHF) Share buyback (in CHF) COVID-19 impact Negative impact since 2 nd half of • March -13.5% 116 million • Improvement since mid of May • Intact supply chain during crisis 262’000 shares bought back in H1 2020 SLIDE 3 H1 2020 RESULTS AUGUST 18, 2020

Net sales H1 2020 – Negative impact from COVID-19 crisis and currencies In CHF million Total variance: CHF -159 million (-9.8%) 1′627 73 87 1′468 Net sales Growth Currency Net sales H1 2019 in local currency effect H1 2020 -4.5% -5.3% SLIDE 4 H1 2020 RESULTS AUGUST 18, 2020

H1 2020 net sales Net sales in million CHF Variance to PY in CHF Variance to PY in c.a. 1’468 Geberit Group -9.8% -4.5% By region 1’352 Europe -8.7% -3.3% Far East / Pacific 40 -24.2% -18.5% America 47 -8.6% -5.4% Middle East / Africa 29 -31.6% -25.9% By product area Installation & Flushing Systems 556 -10.3% -4.8% Piping Systems 448 -9.0% -3.8% Bathroom Systems 464 -9.9% -4.6% SLIDE 5 H1 2020 RESULTS AUGUST 18, 2020

H1 2020 net sales – COVID-19 lockdown countries severely impacted Share of net sales Net sales , CHF million Net sales growth , % c.a. Total -4.5% Germany 34% 495 2,9% Switzerland 10% 150 0,5% Nordic Region 10% 148 2,2% Eastern Europe 10% 143 1,4% Benelux 9% 130 0,2% Europe Austria 6% 82 0,4% Italy 6% 82 -25,1% France 76 5% -19,2% UK / Ireland 2% 36 -34,1% Iberian Peninsula 1% 10 -20,9% America 3% 47 -5,4% Inter- Far East / Pacific 3% 40 -18,5% national Middle East / Africa 2% 29 -25,9% SLIDE 6 H1 2020 RESULTS AUGUST 18, 2020

Q2 2020 net sales Net sales in million CHF Variance to PY in CHF Variance to PY in c.a. Geberit Group 671 -15.9% -10.7% By region Europe 613 -14.9% -9.7% Far East / Pacific 23 -22.6% -16.1% America 22 -14.7% -11.3% Middle East / Africa 12 -42.2% -36.8% By product area Installation & Flushing Systems 243 -17.9% -12.6% Piping Systems 206 -15.1% -10.1% Bathroom Systems 221 -14.2% -9.0% SLIDE 7 H1 2020 RESULTS AUGUST 18, 2020

Key figures H1 2020 – Operational profitability on PY level • EBIT margin on previous year level despite CHF million H1 2020 H1 2019 % YoY substantial COVID-19 driven sales decline 1’468 1’627 Net sales -9.8% − Fast and targeted cost containment measures EBITDA 462 501 -7.8% − High flexibility in production and logistics Margin 31.5% 30.8% EBIT 386 431 -10.5% − Lower raw material prices Margin 26.3% 26.5% − Sales price increases Net income 315 365 -13.9% Margin 21.4% 22.4% • Higher depreciation due to increased investments in EPS (CHF) 8.77 10.14 -13.5% previous years Free cashflow 174 257 -32.3% • Increased tax rate Margin 11.9% 15.8% • Decline of FCF due to base effect and negative NWC impact SLIDE 8 H1 2020 RESULTS AUGUST 18, 2020

Key figures Q2 2020 – Operational profitability slightly below PY • EBIT margin slightly below previous year despite CHF million Q2 2020 Q2 2019 % YoY substantial COVID-19 driven sales decline Net sales 671 797 -15.9% − Fast and targeted cost containment measures EBITDA 202 239 -15.5% − High flexibility in production and logistics Margin 30.1% 30.0% EBIT 162 203 -20.4% − Lower raw material prices Margin 24.1% 25.5% − Sales price increases Net income 131 173 -24.4% Margin 19.5% 21.7% • Higher depreciation due to increased investments in EPS (CHF) 3.65 4.81 -24.1% previous years Free cashflow 181 252 -28.1% • Increased tax rate Margin 27.0% 31.6% • Decline of FCF due to base effect and negative NWC impact SLIDE 9 H1 2020 RESULTS AUGUST 18, 2020

EBITDA margin H1 2020 – Increase of margin by 70 bps 31.5% +0.7% -0.2% 30.8% +1.8% -1.6% EBITDA Volume and Price effects, Other cost Currency effect EBITDA margin H1 2019 product mix effect net effects margin H1 2020 • Negative volume effect due to COVID-19 driven volume decline • Positive net price effect due to lower raw material prices and price increases • Limited other cost effect despite substantial sales decline due to fast and targeted cost containment measures and increased flexibility in operations • Only minor negative currency effect due to effective natural currency hedge SLIDE 10 H1 2020 RESULTS AUGUST 18, 2020

Agenda • H1 2020 at a glance • Outlook 2020 SLIDE 11 H1 2020 RESULTS AUGUST 18, 2020

Outlook Geberit 2020 • The outlook is based on the assumption of no second lockdown wave − Further normalization of building construction industry during the second half of the year − Net sales in local currencies in the second half of 2020 slightly below second half of 2019 − Full year EBITDA margin 2020 slightly below previous year SLIDE 12 H1 2020 RESULTS AUGUST 18, 2020

Disclaimer While Geberit is making great efforts to include accurate and up-to-date information, we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this handout and disclaim any liability for the use of it. The statements in this presentation relating to matters that are not historical facts are forward-looking statements that are not guarantees of future performance and involve risks and uncertainties, including but not limited to: future global economic conditions, foreign exchange rates, regulatory rules, market conditions, the actions of competitors and other factors beyond the control of the company. All financial information included is unaudited and is prepared under the same recognition and measurement principles applied for the audited annual financial statements. SLIDE 13 H1 2020 RESULTS AUGUST 18, 2020