Group financial results H1 2016

Analysts’ conference call, 11th August

2

Agenda

Business Highlights

2 Group Financial Results

3 Outlook

H1 2016

3

Business Highlights H1 2016

Success in LED

lighting business

Complete portfolio of

LED lights

Growth in lighting

despite prevailing

market trend

Sales-partnership

R. STAHL Camera

Systems GmbH

and Videotec

Enhancement of the

camera product

portfolio

Investor-friendly

divdend policy

continued

Annual General Meeting approved dividend of EUR 0.60 per share

4

Agenda

1 Business Highlights

2 Group Financial Results

3 Outlook

H1 2016

5

Financial Overview H1 2016

in million € H1 2016 H1 2015 ∆ in %

Order Intake 150.2 166.6 -9.9

Order Backlog 100.0 95.4 +4.9

Sales 142.5 164.0 -13.1

EBIT 5.3 6.8 -22.8

� Order intake slightly exceeding expectations – expectations were at EUR 140 – 145 million

� Strong order backlog – about one third will be delivery and invoiced in 2017

� Sales down 13,1% on previous year and yet within forecasted range for 2016

� EBIT at EUR 5.3 million- despite decline in sales of EUR 21.5 million

VARIED PICTURE IN THE FIRST HALF-YEAR

� Encouraging increase

of 10.6% in Europe

due to partial delivery

call for large projects

� Unexpected decline in

Asia/Pacific region

due to restrictive

market behaviour of

clients in downstream

industry

6

Order Intake – Better than expected

34.2

65.3

26.8

40.4

31.6

72.2

18.9

27.5

Germany Europe w/oGermany

America Asia/Pacific

H1 2015 H1 2016

(7.6) %

10.6 %

(29.7) %

(31.9) %

in million €

7

Group Sales - within Forecasted Range

31.8

65.3

28.2

38.7

31.9

66.2

16.1

28.3

Germany Europe w/oGermany

America Asia/Pacific

H1 2015 H1 2016

0.2 %

1.4 %

(42.7) %

(27.0) %

in million € � Sales in Germany on

par with previous year

� Europe due to strong

base of customers in

the chemical and

pharmaceutical

industry

� Sales in Americas

reflect consistently

weak market demand

� Asia/Pacific region

above the half-year

figures in 2014 –

despite lower oil price

8

EBIT – Influenced by Tense Market Situation

� Different regional sales composition and product mix affected EBIT

� Tense market situation increased pressure on margins

� Thanks to cost saving programme decline in sales mostly compensated

EBIT REFLECTS DECLINE IN SALES AND EFFECTS FROM COST SAVING INITIATIVE

6.8

5.3

H1 2015 H1 2016

EBIT in million €

4.23.7

H1 2015 H1 2016

EBIT-Margin in %

9

Cash Flow – Continuous Improvement

0.5

(11.6) (11.1)

1.3

(5.7)(4.4)

Cash flow from operatingactivities

Capex Free cash flow

H1 2015

H1 2016

� Cash flow from operating activities increased - despite decline in sales

� Capex reduced: investment programme completed in 2015 back to replacement purchases

� Free cash flow improved

CASH FLOW CONTINUOUSLY IMPROVED

in million €

10

Agenda

1 Business Highlights

2 Group Financial Results

3 Outlook

H1 2016

Oil corporations disclose reduced earnings in Q2/2016 reports

11

Concerning Development in Downstream Industry

Q2/2016 vs. Q2/2015

- 45%

12

Outlook 2016

313

280

275

290285

2015 2016e(previous)

2016e(adapted)

in million €

11,4

14

11

20

15

2015 2016e(previous)

2016e(adapted)

Order Intake and Sales Operating EBIT

in million €

� Pressure on margins in downstream industry expected to impact R. STAHL‘s margin

� Forecast for order intake, sales and operating EBIT reduced due to lower demand

� Initiated cost-saving programm will be consequently pursued

OUTLOOK ADAPTED

Bernd Marx (CFO)

Am Bahnhof 3074638 Waldenburg, GermanyT +49 7942 943-1271F +49 7942 943-401271

Carmen Kulle (Investor Relations)

Am Bahnhof 3074638 Waldenburg, GermanyT +49 7942 943-1395F +49 7942 943-401395email: investornews@stahl.de

This presentation was prepared by R. STAHL AG and is solely for information purposes. It may

not be reproduced, distributed or published without the prior consent of R. STAHL AG. This

presentation contains forward-looking statements. Such forward-looking statements are based on

certain assumptions and expectations at the time they are first made available. They are

therefore connected with risks and uncertainties and the actual results may deviate significantly

from those described in the future-oriented statements. A number of these risks and uncertainties

are determined by factors outside of the realm of influence of R. STAHL AG and cannot be

estimated with certainty as of today. These include future market conditions and economic

developments, the conduct of other market participants, the achievement of unexpected synergy

effects, as well as legal and political decisions. R. STAHL AG is also not obliged to publish

corrections to these forward-looking statements in order to reflect results or circumstances

arising after the publication date of these materials. It constitutes neither an offer to sell nor a

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does not include a public offer of shares; a sales prospectus is not being published.

14

Disclaimer