Presentation for the Analyst Conference Call on FY 2023 Results. Date: 5 March 2024 @ 14.30 CET (13.30 BST)

€ Million

FY 23

% sales

FY 22

% sales % 23/22

Sales

EBITDA

D&A

EBIT

Fin. income (expense), incl. from investments

Taxes

Tax rate

Net Result

3,849.2	100.0%	3,629.0	100.0%	6.1%
665.8	17.3%	625.2	17.2%	6.5%
(251.7)	6.5%	(242.4)	6.7%	3.9%
414.1	10.8%	382.8	10.5%	8.2%
(22.1)	0.6%	(0.6)	0.0%	3518.4%
(84.8)	2.2%	(88.2)	2.4%	-3.8%
21.6%		23.1%
305.0	7.9%	292.8	8.1%	4.2%

€ Million

Q4 23

% sales

Q4 22

% sales % 23/22

Sales

EBITDA

D&A

EBIT

Fin. income (expense), incl. from investments

Taxes

Tax rate

Net Result

930.2	100.0%	900.8	100.0%	3.3%
165.6	17.8%	142.9	15.9%	15.9%
(64.3)	6.9%	(63.2)	7.0%	1.8%
101.3	10.9%	79.7	8.9%	27.1%
(19.4)	2.1%	(9.9)	1.1%	96.5%
(7.6)	0.8%	(11.5)	1.3%	-33.3%
9.3%		16.4%
74.0	8.0%	58.0	6.4%	27.5%

+ € 220.2 mio (+6.1%)

+7.9%

+0.1%

-1.9%

-20,9 MIO IN 4Q 2023

FY 22

FY 23

Δ% FY

23/22

Δ% Q4 23/22

Δ% FY

23/22

Δ% Q4 23/22

Net FX:	Net FX:	Net FX:	Net FX:	Net FX:
2.2% yoy	15.0% yoy	2.8% yoy	23.9% yoy	7.6% yoy
7.8% qoq	13.3% qoq	5.1% qoq	8.7% qoq	2.6% qoq

FY 22

FY 23

+ € 40.6 mio (+6.5%)

€ Million

Net financial charges - fin. debt

Net financial charges - IFRS 16

Net exchange rate differences *

Financial income from investments

Total net financial income (expense)

Cost of net fin. debt of which:

Cost of financial debt

FY 23	FY 22	Δ 23/22
(14.9)	(7.3)	(7.6)
(5.4)	(5.8)	0.4
(14.0)	4.6	(18.6)
12.3	7.9	4.4
(22.1)	(0.6)	(21.5)
3.3%	1.9%
3.4%	1.6%

Cost of IFRS16

3.2%

2.4%

* Includes fair value valuation of forward currency derivatives

€ Million	FY 23	FY 22	Δ 23/22
Current taxes	111.3	105.7	5.6
Deferred taxes	(26.4)	(17.5)	(8.9)
Total taxes	84.8	88.2	-3.4
Pre-tax profit	392.0	382.2	9.8
Tax rate	21.6%	23.1%
Other	10.0	(4.0)	14.0
Total taxes net of extraordinary effects	94.8	94.3	0.5
Tax rate net of extraordinary effects	24.2%	24.7%