Evotec SE (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, ISIN: DE0005664809) announced its financial results for the first half-year of 2022.

HIGHLIGHTSEVOTEC CONTINUES ITS STRONG ORGANIC REVENUE GROWTH IN ALL BUSINESS AREAS

Group revenues increased by 24% to EUR 336.9 m (H1 2021: EUR 271.3 m) driven by strong demand for its base business; like-for-like revenue growth (excluding fx-effects) 19%

Continued strong revenue growth momentum: Total EVT Execute revenues (incl. intersegment revenues) up 26% to EUR 351.0 m (H1 2021: EUR 279.5 m); EVT Innovate revenues due to a strong growth in Q2 up 36% to EUR 78.0 m (H1 2021: EUR 57.3 m)

Reported adjusted Group EBITDA totalled EUR 33.6 m (H1 2021: EUR 36.2 m); excellent Group gross margin increasing by 270 bps to 27.3% excluding Just - Evotec Biologics, which is in its build up phase; lower contribution from milestones, upfronts and licenses as well as continued expenses for capacity expansion; higher energy costs, higher costs along the supply chain and costs related to the acquisition of Rigenerand Srl; negative effects partially offset by positive fx-effects

Other non-operating result of EUR (89.8) m (H1 2021: EUR 106.1 m) explained by the non-cash fair value adjustments of the equity investment in publicly listed Exscientia plc.

NEW AND EXTENDED ALLIANCES REFLECT SUCCESS OF GROWTH STRATEGY

Significant operational and scientific step-up of targeted protein degradation alliance with Bristol Myers Squibb ('BMS')

Several new integrated drug discovery collaborations signed, including INDiGO, CMC and DMPK agreements

New collaborations signed, based on unique, data-driven platforms with Almirall (dermatology), Boehringer Ingelheim (iPSC), Eli Lilly (E.MPD), Janssen (TargetAlloMod) and Sernova (iPSC)

Just - Evotec Biologics: Just -Evotec Biologics is currently in its initial build up phase. Strategic investments into disruptive technology platform show good progress - foundation laid for accelerated revenue growth; multiple new development and manufacturing agreements, e.g., among others with Alpine Immune Sciences (after period-end)

Co-owned pipeline projects progressing well, e.g. Phase II start of BAY 2395840 (diabetic neuropathic pain), expansion with JingXin for EVT201, submission for approval in China

Successful expansion of the EVOequity portfolio with new strategic equity stakes in several promising companies such as Centauri, IMIDomics, Sernova and Tubulis

Launch of Aurobac Therapeutics, a joint venture with Boehringer Ingelheim and bioMerieux, to create the next generation of antimicrobials along with actionable diagnostics to fight Antimicrobial Resistance ('AMR')

CORPORATE

Effective May 2022, Dr Matthias Evers joins Management Board as Chief Business Officer ('CBO'), responsible for business development, digital technology and strategy

Signing of definitive agreement to acquire the cell technology company Rigenerand Srl, a leader in the field of cGMP manufacturing of cell therapies, which will operate as Evotec (Modena) Srl

Annual General Meeting 2022: Approval of all proposed agenda items; Camilla Macapili Languille elected to the Supervisory Board

BUSINESS OUTLOOK FOR FULL-YEAR 2022 REFINED AND MID-TERM TARGETS 2025 CONFIRMED

Group revenues now expected to be in a range of EUR 715 - 735 m versus EUR 700 - 720 m previously (unchanged at EUR 690 - 710 m at constant exchange rates) (2021: EUR 618 m)

Adjusted Group EBITDA expected to be unchanged in the range of EUR 105 - 120 m (new guidance range at constant exchange rates of EUR 85 - 100 m versus EUR 95 - 110 m previously) (2021: EUR 107 m)

Unpartnered research and development expenses expected to be in a range of EUR 70 - 80 m (2021: EUR 58 m)

Mid-term goals target revenue growth to more than EUR 1,000 m, adjusted EBITDA of at least EUR 300 m and unpartnered research and development expenses of more than EUR 100 m

The forecast takes in account - as far as possible - the current increased global uncertainties related to e.g. the COVID-19 pandemic and the war in Ukraine, resulting in uncertainty around the global price and supply situation for energy, other raw materials and supplies as well as logistics relevant to the business.

More detailed information and financial tables are available in our half-year report published on the Evotec website under the following link: https://www.evotec.com/en/investor-relations/publications

Webcast/Conference Call

The Company is going to hold a conference call to discuss the results as well as to provide an update on its performance. The conference call will be held in English.

Conference call details

Date: Thursday, 11 August 2022

Time: 02.00 pm CEST (08.00 am EDT, 01.00 pm BST)

From Germany: +49 69 20 17 44 220

From France: +33 170 709 502

From Italy: +39 023 600 6663

From UK: +44 20 3009 2470

From USA: +1 877 423 0830

Access Code: 37893553#

A simultaneous slide presentation for participants dialling in via phone is available at https://www.webcast-eqs.com/evotec20220811/no-audio.

Webcast details

To join the audio webcast and to access the presentation slides you will find a link on our homepage www.evotec.com shortly before the event.

The on-demand version of the webcast will be available on our website: https://www.evotec.com/en/investor-relations/publications.

FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements concerning future events, including the proposed offering and listing of Evotec's securities. Words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'might,' 'plan,' 'potential,' 'should,' 'target,' 'would' and variations of such words and similar expressions are intended to identify forward-looking statements. Such statements include comments regarding Evotec's expectations for revenues, Group EBITDA and unpartnered R&D expenses. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Evotec at the time these statements were made. No assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Evotec. Evotec expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Evotec's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact:

T: 49 (0)40 56081-222

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