1
Wacker Neuson Group – Working side by side with our customers
Why Wacker Neuson? 01
What makes us strong? 02
Where are we heading? 03
Appendix: Financial results 04
2
Why Wacker Neuson?
Maximum productivity & machine uptime
Comfortable & intuitive machine handling
Operator health & safety
Service, Partnership, Reliability
Attractive total cost of ownership
We align growth with our customers’ needs
4
We drive innovation to improve our customers’ processes
5
Dual View Dumper Zero emissionVertical Digging System Onsite Box – mobile shop
Connected products Remote-control steeringHand-arm vibrations Modular design
Wireless handling with no
emissions
Cockpit rotatable by 180°
Shorter process
times due to exact vertical digging
On-site support for
our customers
Flexibility with one battery fitting 7
products
Give your machines a
voice!
Operating equipmentwithout any
time restrictions
Maximizing operator comfort
We see our customers as our partners
6
Strong customer involvement in R&D
Sophisticated value engineering
Voice
of Customer
Technical
benchmarking
Early involvement
of all functions
Front Loading
With our accelerated
customer-oriented
product development
process, we provide our
customers with the right
features and the best
quality at the best price.
Teamwork at every step of the value chain
Research & Development
We are a one-stop provider with an unrivaled offering
7
Light Equipment (LE) Compact Equipment (CE)
Different product groups
same customers
25%of Group sales1
55%of Group sales1
AcademyUsed Machines2Repair2 &
Maintenance2Rental Service2 Genuine PartsConcrete
solutions
Financial Solutions E-Store2 Telematics
Services
20%of Group sales1
1 FY 2019. 2 In selected countries.
Competitors include
Ammann
Bomag
Husqvarna
Weber MT
Customers trust in our longstanding expertise in LE
8
Demolition
Light Equipment (LE)
25%of Group sales1
CompactionConcrete technology
Power & Lighting Pumps
Heaters
€ 2,000Average price of an LE product1
In 1930, Wacker invented
the electric rammer. The
term "wacker packer" is still
used on construction sites.
1 FY 2019.
Customers opt for the advantages of compact equipment
9
Telehandlers Wheel loaders
Compact Equipment (CE)
55%of Group sales2
Dumpers Backhoe loaders Skid steers / Compact track loaders
Excavators
€ 36,000Average price of a CE product2
Urbanization,
limited space and
mechanization are
driving demand for
compact equipment
in construction and
agriculture.
Competitors include
Kubota
Takeuchi
Yanmar
Manitou
JCB
Bobcat (Doosan)
1 own estimates, based on underlying data from CECE and Off-Highway Research 2 FY 2019.
EUR 18 Bnexpected value of global compact
construction equipment market
accessible to Wacker Neuson in 20251
Market leaders trust in the WN Group’s high quality products
10
OEM (APAC)OEM (global2)Sales (EMENA & CIS1)
Wacker Neuson produces
for Caterpillar2
Kramer3 distributes
via JD’s dealer network
Wacker Neuson produces
for John Deere
1 Commonwealth of Independent States. 2 Not in Japan, phasing out. 3 Kramer “green line” only.
Service is key to our customers’ success
Academy
Used Machines2Repair2 &
Maintenance2
Financial Solutions
Rental Service2
E-Store2
Genuine Parts
Telematics
Concrete Solutions
Comprehensive services Collaborative relationship
We are there for our customers, listening,
sharing our expertise and working closely
with them to find the best solutions.
150 sales
and service
locations
Service, Partnership,Reliability
Customer proximity
20%of Group sales1
>550service technicians
in close proximity
to our customers
111 FY 2019. 2 In selected countries.
12
What makes us strong?
We serve our markets with three strong brands
13
Construction, gardening/landscaping, maintenance/repairs, etc. Agriculture, horse breeders, tree nurseries, etc.
Our diversified sales organization responds to regional needs
Direct sales &
rent to sell1 DealersKey accounts
& rental firmseCommerce1
Country-specific sales with long-standing customer relationships
1 In selected countries.14
We drive electrification in our industry
EZ17e
DW15e
DT10e
AP1840e AP2560e
AS60e
AP1850e
ACBe
Full portfolio of zero emission products
ChangeWe are well prepared for the
shift to zero emission
construction sites
“If we learn early enough that
ambitious climate demands will
be imposed, we can drive
innovation forward by
demanding zero-emission
solutions from machinery
manufacturers, equipment
suppliers and contractors.”1
1 Ole Henrik Ystehede, director of EBA (Contractors Association - Building and Construction) for Oslo/Akershus/Østfold.
Through a smart and
innovative procurement
strategy, the City of Oslo
reduces climate gas
emissions at
construction sites.
15
Digitalization creates new opportunities for our business
Connected products –
always a step ahead
Pinpointing location –
connected jobsites
Give your machines a voice
Increasing runtime –
predictive maintenance
Transparency –
Real-time data analysis
Increasing efficiency –
smart products
Optimizing utilization
16
Our diversified business balances out cyclical fluctuations
17
Focus on maintenance & repair
of infrastructure large infrastructure
projects have no major impact on our
business
Rental equipment as buffering alternative to purchasing new
machines maximum flexibility for customers
Only small investment volumes
required
Broad customer base, diversified target industries
Different cycles in agriculture & construction
Resilience to cyclical
fluctuations
1 Source: Off-Highway Research, August 2019. 2 FY 2019
16%of Group sales
from agriculture2
>10different target
industries
0
400
800
1,200
1,600
2,000
0
200,000
400,000
600,000
800,000
1,000,000
Global equipment sales (units) Revenue WN Group (€ million)
-33%
1
+39%
[units] [€ m]
Where are we heading?
We are on a steady growth path
Revenue development
758
992 1,0921,160
1,2841,375 1,361
1,5341,710
1,901
CAGR +10.8%[€ m]
19
>2 Bnrevenue
Strategy
2022targets
2 timesmarket growth
+15%
Internationalization – plenty of room to grow
20
357.5
401.3
459.5
2017 2018 2019
1,129.8 1,248.9
1,379.0
2017 2018 2019
46.6
59.862.6
2017 2018 2019
+10%
+5%
73%of Group sales1
3%of Group sales124%
of Group sales1
AMERICAS
EUROPE
APAC
[€ m]
[€ m]
[€ m]
1 FY 2019.
Financing programs set up to enable future growth
Extension of anchor dealer network for LE
& CE
Skid steers as door opener for compact equipment
Large potential for
further market share gains
Americas – Anchor dealer strategy to accelerate our growth
21
Light Equipment
Compact Equipment
Services
1 Source: CECE, 2020. 2 John McClelland, ARA vice president, Nov. 2019.
Skid steer market North America1 (units)
60 yearsin the US light equipment market with
high market shares
“The equipment [...] rental industry is growing
and continues to expand faster than the
overall economy. […] In the U.S.,
construction equipment rental revenue is
expected to grow another 2.3 percent in
2020, 3.0 percent in 2021, 3.7 percent in
2022 and 3.1 percent in 2023 to reach
$43.9 billion.”2
2019
103,000
109,000
2018 2019
Europe – We are striving to increase market shares
22
Light Equipment
Compact Equipment
Services
2019
Further strengthening of
our market position
Gaining significant market shares in UK &
France (i.a.)
Expansion in agriculture with Weidemann and
Kramer
Game changer
We have redefined
safety and accelerated our
customers’ processes with
our Dual View dumpers
“The 2019 Market Report shows
encouraging growth across
Europe. A key driver being the
increasing pressure on the
industry to improve their CSR
credentials, with the
sustainability benefits of
equipment rental being realised
across industries. […].”1
1 Michel Petitjean, Secretary-General of the ERA, ERA Market Report 2019.
Major market shares in DACH –
plenty of room for growth
in other regions
Europe – We are growing our business in the ag sector
23
All-wheel steering
Articulated steering
Our customers are mainly dairy and
cattle farmers who work in confined
spaces such as stables.
They require small, highly
maneuverable machines with a
minimal turning radius and
outstanding stability.
Development of revenues in the ag sector1
Revenue in MIO. €
1 FY 2019.
+21%growth in CE for the
agricultural sector1
16%of Group sales
from agriculture1
0
100
200
300
2015 2016 2017 2018 2019
+12.6% CAGR
Ramping up production at
plant in Pinghu, China
Partnership with John Deere will
help improve utilization rate in
new plant
Even small market shares would leverage
our sales significantly
APAC – We benefit from structural market changes in China
24
Light Equipment
Compact Equipment
Services
1 Source: Off-Highway Research, Feb. 2020.
0%
20%
40%
60%
80%
100%
Crawler Excavators Wheeled LoadersMini Excavators Mobile CranesCompactors & Pavers Graders & Dozers
Changing market structure in China – compact equipment on the rise1
Mini excavator market China 2019(units)1
2019
Cooperation with John Deere for the sale of
“Deere”-brand mini and compact excavators
initially in China, Australia and selected Southeast
Asian countries.
85,000
2019
1 March 2020
APAC – In the region for the region
>20 yearsin the Chinese
light equipment market
Our R&D team in
China comprises
20engineers
working on
solutions tailored
to the region1
Excavator: EZ17.Key Chinese players Key International players
Sany
XuGong
(XCMG)
LiuGong
Caterpillar
Volvo
Hitachi
Kobelco
Kubota
Doosan
Hyundai
China – divided competitive landscape
Production and R&D center in Pinghu, China
25
We benefit from megatrends
- Maintenance of
infrastructure
- Limited space
- Clean air
regulations
- Noise pollution
- Growing
middle class
- Food
- Mechanization
- Infrastructure
- Housing
- Energy efficiency
- Waste
management
- Process
optimization
- Telematics
- Smart products
- Building Infor-
mation Modeling
(BIM)
26
Solid Balance Sheet Structure
271 As at December 31, 2019.
56%Equity ratio1
1.7Net financial debt/
EBITDA1
Excellent basis
for further profitable growth
Clear-cut strategy and experienced management team
28
Martin Lehner
CEO
Responsible for strategy, procurement,
production, technology, quality, investor
relations, corporate communication,
sustainability, compliance, HR and legal
matters.
Alexander Greschner
CSO
Responsible for sales, service and
marketing.
Wilfried Trepels
CFO
Responsible for finance, controlling, audit,
IT & organization, Supply Chain and real
estate.
Customer-focused strategy
- Streamlining
production sites
29
- Focus on core
areas of expertise
- China as a
growth market
- Development of
digital solutions for
our customers
- Investment in
growth fund for
Industry 4.0
startups
- Expansion of zero
emission product
portfolio
- Employee
development
programs
- Better integration
of sales and
production
- Streamlining the
Group’s internal
supply chain
CUSTOMER CENTRICITY
25
50
75
100
125
150
175
Wacker Neuson SDAX DAX Peer group
1.30
0.940.81
1.25
2.06
1.26
0.50 0.50 0.500.60
1.10
0.60
38%53% 62%
48% 43% 48%
-200%
-150%
-100%
-50%
0%
50%
-0.20
0.30
0.80
1.30
1.80
2.30
2.80
2014 2015 2016 2017 2018 2019
EPS in € Dividend per share in € Payout ratio
Share Development
30
The share in 2019/20201
Key figures per share
Dividend payout
1 As at Apr. 7, 2020 2 Peer group: Ashtead, Atlas Copco, Bauer, Caterpillar, Cramo, Deutz, DoosanBobcat, Haulotte,
Husqvarna, John Deere, Komatsu, Manitou, Palfinger, Terex, United Rentals, Volvo. 3 As at Apr. 8, 2020.
Family 58%
Free float 42%
(Total shares: 70,140,000)
Coverage3 Shareholder structure
in € 2019 2018
Earnings per share 1.26 2.06
Book value per share 17.47 17.41
Share price at end of period 17.05 16.52
Market capitalization (€ m) 1,195.9 1,158.7
0.50
0.60
Special dividend in €
Suggestion
for AGM
% +3%
2
-37%
Bank TP (€) Recom. Date
Jefferies 21.00 Buy Mar 16, 2020
Warburg 17.50 Buy Mar 18, 2020
Hauck & Aufhäuser 17.00 Buy Mar 09, 2020
Bankhaus Lampe 17.00 Buy Jan 23, 2020
Berenberg 13.00 Buy Mar 26, 2020
Metzler 13.00 Buy Apr 08, 2020
Commerzbank 10.00 Hold Mar 25, 2020
Kepler Cheuvreux 8.00 Reduce Mar 17, 2020
Wrap up
31
Resilience to cyclicality
Focus on maintenance & repair of
infrastructure
Broad customer base, diversified target
industries
Solid base
Growth potentialMegatrends as
business driversGlobal trend towards compact equipment
Growth opportunitiesin Europe, North
America and APAC
Sales channelsDirect sales & rent
to sellDealers
Key accounts & rental firms
eCommerce
Products
Innovation- and market-leading position in light and compact equipment
Future-proof product portfolio
driven by innovation
One-stop shopPioneers in zero
emissionsolutions
Focus on theright products forthe right markets
High equity ratio, family as anchor
shareholders
32
Appendix – Financial results
Key Figures
33
Revenue yoy
+11.2%
EBIT yoy
-5.7%
FCF
€ -115.7 m
(margin: 8.1%)
FY 2019
NWC1 ratio: 42.7%
(+5.0 PP yoy)
DIO2: 154 days
(-7 days yoy)
Equity ratio: 55.8%
(-8.0 PP yoy)
December 31, 2019
(€ 1,901 m)
(2018: € -0.3 m)
EPS
€ 1.26
(2018: € 1.41)3
1 Net working capital / revenue. 2 Days inventory outstanding = (inventory / cost of sales)*365 days.3 Adjusted for the extraordinary income from the sale of a real estate in Munich in Q2/18.
Revenue yoy
+3.0%
EBIT yoy
-32.2%
FCF
€ 87.0 m
(margin: 5.9%)
Q4 2019
(€ 483 m)
(Q4/18: € -9.1 m)
EPS
€ 0.12
(Q4/18: € 0.32)
FY 2019: Continued growth in revenue and earnings
34
Income statement (condensed)
Comments on FY 2019
Revenue +11.2% yoy (adj. for FX effects: +9.8%)
▪ Growth in all regions and segments
▪ Positive development in ag business
Gross profit +3.6% yoy (gross profit margin -1.8 PP)
▪ Reduction of production programs due to the
targeted inventory streamlining
▪ Restructuring of the North American production plant
▪ Inventory sell-offs, especially in the US and Scandinavia
EBIT -5.7% yoy (EBIT margin: -1.4 PP)
▪ Increased sales and service expenses due to a higher business
volume, increased personnel as well as trade fair costs
▪ Change in reporting in connection with income from customer financing:
reallocation from financial result and other income to revenue line.
Effect on EBIT 2019: € +3.5m, effect 2018: € +2.6m
Earnings per share -38.8% yoy (adj. -10.6%)
▪ Financial result below PY with € -15.6m (2018: € -14.1m), primarily due
to increased interest expenses
▪ Group tax rate at 35.6% (2018: 28.8%); increase as a result of
depreciation or non-capitalization of deferred tax assets
€ m Q4/19 Q4/18 2019 2018
Revenue 483.2 469.1 1,901.1 1,710.0
Gross profit 110.1 119.4 474.9 458.4
as a % of revenue 22.8% 25.5% 25.0% 26.8%
Op. costs (excl. other income/expenses) -87.9 -81.6 -337.5 -309.3
as a % of revenue -18.2% -17.4% -17.8% -18.1%
EBIT 28.4 41.9 153.1 162.3
as a % of revenue 5.9% 8.9% 8.1% 9.5%
Financial result -6.7 -6.2 -15.6 -14.1
Taxes on income -13.3 -13.1 -49.0 -58.4
Profit for the period 8.4 22.6 88.5 144.6
EPS (in €) 0.12 0.32 1.26 2.06
Adj. profit for the period1 8.4 22.6 88.5 98.8
Adj. EPS (in €)1 0.12 0.32 1.26 1.411 Adjusted for the extraordinary income from the sale of a real estate in Munich
in the value of EUR 45.8 million after tax.
Revenue remains on growth path
Revenue
[€ m]
EBIT
margin
1,375 1,3611,534
1,7101,901
7.4% 6.5%8.6% 9.5%
8.1%
0%
5%
10%
15%
20%
0
500
1,000
1,500
2,000
2015 2016 2017 2018 2019Revenue EBIT-margin
+11.2%
+8.4% CAGR
Compact equipment continues to drive growth
1,901.1
62.6
459.5
1,379.0
FY 2019
Asia-Pacific
Americas
Europe
FY 2019: Development by Region and Business Segment
35
Growth in all regions
Revenue Europe +10.4 % (adj. for FX effects +10.3%)
▪ Growth supported by most European countries;
double-digit growth in England despite a difficult market environment
▪ Agriculture business revenue +21.2% (Kramer and
Weidemann brands)
▪ EBIT development impacted by reduction of production program
Revenue Americas +14.5% (adj. for FX effects +9.1%)
▪ High demand for products of worksite technology
▪ Significantly higher sales of skid steer loaders and other compact
machines such as excavators, dumpers and telehandlers
▪ Progress in expanding dealer network
▪ Earnings above PY, however still negative as a result of restructuring
costs as well as difficulties in rolling out newly developed processes
and inventory sell-offs
Revenue Asia-Pacific +4.7% (adj. for FX effects +4.7%)
▪ Continuing expansion of portfolio of locally produced machines
▪ Higher pressure on prices China and Australia
73%
24%
3%
100%
+10%
+15%
+5%
+11%
share
161.5
-2.9
-1.9
153.1
EBIT1
Comments on FY 2019
Revenue [€ m]
1,920.6
382.5
1,052.8
485.3
FY 2019
Services
Compact equipment
Light equipment 25%
55%
20%
100%
+6%
+14%
+9%
+11%
share
1 EBIT by region before consolidation.2 Revenue by segment before cash discounts.
Revenue [€ m]2
FY 2019: Net working capital increased significantly
36
Inventories
Trade payables
Trade receivables
1 Days inventory outstanding = (Inventories/cost of sales)/4*365 days; 2 Days sales outstanding =
(trade receivables/revenue)/4*365 days; 3 Days payables outstanding = (trade payables/cost of sales)/4*365 days.
Comments
Trade payables
[€ m]
Inventories
[€ m]DIO1
[days]
Trade receivables
[€ m]
DPO3
[days]
DSO2
[days]
▪ Inventories remain above plan despite clear stock reduction in the
fourth quarter
▪ Increase in trade receivables yoy due to increased business volume
and expansion of dealer network in North America
▪ Decrease in trade payables in connection with reduced production
output in the second half of the year
▪ Net working capital significantly increased (see next slide)
434 459 462500
553
633 645 663603
141 153130
151 144
179155
173147
0
100
200
300
400
0
100
200
300
400
500
600
700
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19
235273
320 304 303
371413 400
359
5567 64 67
59
78 73 7868
0
50
100
150
200
0
100
200
300
400
500
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19
134149
163 167
213 208 199
164150
43 50 46 50 56 59 48 43 37
0
100
200
300
400
0
100
200
300
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19
FY 2019: Reversal of cash flow trends in Q4
37
Net Working Capital
Free cash flow
Cash flow from operating activities
Comments
Free cash flow
[€ m]
Cash flow from operating
activities [€ m]
Net working capital
[€ m]
Net working capital
as a % of revenue1
▪ Increased net working capital yoy due to increase in inventory and
trade receivables as well as reduced trade payables (see previous
slide)
▪ Clear improvement of free cash flow in Q4/19 due to progress in
reduction of inventories and reduced trade receivables
▪ Investments2 above PY at EUR 89.2m (2018: EUR 73.3m). Significant
investments into future growth, most notably into the expansion of the
European production sites
536583 620 638 644
797858 899
812
34%39%
34%38%
34%
46%42%
48%42%
0%
20%
40%
60%
80%
100%
0
200
400
600
800
1000
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19
63
-41
6 10 10
-116
-29
2
122
-150
-100
-50
0
50
100
150
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19
46
-45
57
-3 -9
-143
-43 -17
87
-160
-120
-80
-40
0
40
80
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19
1 Net Working Capital/annualized quarterly revenue. 2 Investments in property, plant and equipment and intangible assets.
Balance Sheet Structure
38
Net financial debt
[€ m]
Comments
Equity [€ m]
Gearing1 increased yoy
Equity ratio
Net financial debt/EBITDA2
1 Net financial debt/equity. 2 Net financial debt/annualized EBITDA for the quarter; also depreciation
and rights of use according to IFRS 16 are included in depreciation and amortization since Q1/19.
Gearing1
Equity ratio
Net financial debt/
EBITDA2 [x]
▪ Net financial debt and gearing have increased significantly yoy
▪ Promissory note (Schuldschein) of € 150m placed in Q2/19
at attractive conditions
▪ Ratio of net financial debt to EBITDA above plan
▪ Equity ratio reduced structurally by 2 percentage points due to the first-
time application of IFRS 16
148193 188 193 205
358
484513
439
13% 17% 16% 16% 17%
29%
41% 42%36%
0%
20%
40%
60%
80%
100%
0
100
200
300
400
500
600
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19
0.7
1.2
0.60.8 0.7
1.61.5
1.9
1.7
0.0
0.5
1.0
1.5
2.0
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19
1,115 1,122 1,170 1,200 1,221 1,241 1,188 1,217 1,225
69%65% 65% 65% 64%
58%53% 54% 56%
0%
20%
40%
60%
80%
100%
0
200
400
600
800
1,000
1,200
1,400
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19
Cost reduction and efficiency enhancement program
39
Key provisions
Reduction on material costs
Underabsorption
Purchasing costs
Restructuring costs (production affiliate USA)1
Discounts and impairment 1
Restructuring sales organization
Shipping costs
Restructuring costs (sales affiliate USA)
Reduction of inventory levels
1 Topics which burdened profitability in 2019. Impact in 2020 is estimated to fade.
Cost reduction and efficiency enhancement program covers all Group divisions.
4 focus topics each in production & purchasing and sales & administration
Production & Purchasing Sales & Administration
Outlook
40
Revenue and earnings guidance for 2020
Construction: Business barometer Agriculture: Business barometer
Comments
▪ Large uncertainties w.r.t. the continued spread of the coronavirus
and the effects of the related measures by states and institutions alike
▪ Related consequences on customer demand as well as global supply
chains of the Group not quantifiable
▪ Approved guidance, as at March 9, 2020:
Revenue between € 1,700 and 1,900m
EBIT margin between 6.5 and 8.5%
Investments of around € 80 to 100m
Net working capital as a % of revenue to be stagnant or to
improve slightly relative to December 31, 2019
1,901
8.1%
6%
7%
8%
9%
10%
0
500
1,000
1,500
2,000
FY 2019 Outlook 2020
1,700-1,900
6.5 – 8.5%
Source: CECE, March 2020. Source: CEMA, March 2020.
-11% to -0%Revenue [€ m] EBIT
margin
2012 2013 2014 2015 2016 2017 2018 2019 2020
Financial calendar and contact
41
Publication of the 2019 Annual Report
Hauck & Aufhäuser eRoadshow
Publication of Q1 report 2020
Metzler Roadshow, Frankfurt
Berenberg Roadshow, Benelux
Commerzbank Roadshow, Zurich
Jefferies Roadshow, Milan/Lugano
Hauck & Aufhäuser Roadshow, London
March 16, 2020
April 9, 2020
May 7, 2020
May 11, 2020
May 12, 2020
June 16, 2020
June 17, 2020
June 23, 2020
June 24, 2020 MainFirst Roadshow, Paris
July 21, 2020 Annual General Meeting, MunichDisclaimer
This report contains forward-looking statements which are based on current estimates and assumptions made by corporate management at Wacker Neuson SE. Forward-looking statements are
characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate and similar formulations. Such statements are not to be understood as in any way
guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Wacker Neuson SE and its affiliated companies depend on a number of risks
and uncertainties and may therefore differ materially from forward-looking statements. Many of these factors are outside the Company's control and cannot be accurately estimated in advance, such as
the future economic environment and the actions of competitors and market players. The Company neither plans nor undertakes to update any forward-looking statements.
All rights reserved. Valid March 2020. Wacker Neuson SE accepts no liability for the accuracy and completeness of information provided in this brochure. Reprint only with the written approval of
Wacker Neuson SE in Munich, Germany. The German version shall govern in all instances.
Contact
Wacker Neuson SE
IR contact: +49 - (0)89 - 354 02 - 427
www.wackerneusongroup.com
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