#1VARTA AG Financial Statements 2017 Investor Presentation VARTA CR 1/2 AA Lithium MADE IN GERMANY ✓ VARTA + + ✔ VARTA VARTA VARTA VARTA AVKLY VARTA Microbattery VARTA Storage#2Content 1. Net Sales 2. 3. Net Sales by Region Segment Reporting 4. Adj. EBITDA 5. EBIT 6. Consolidated Result 7. Total Assets 8. Trade Working Capital 9. Net Debt 10. Equity 11. Cashflow 12. Outlook 13. Contact Details ✔ VARTA VARTA Microbattery VARTA Storage " Our Brands M VARTA power one 2#3Net Sales Third year in a row with CAGR above 10% • Net Sales in mEUR and change y-o-y in % +13,3% 242,2 213,8 195,1 159,3 169,0 13% 15% 10% 6% 2013 2014 2015 2016 2017 Highlights Growth in all segments and in all regions. Developement mirrows continous concentration on growth strategy VARTA Microbattery VARTA Storage " ✔ VARTA Our Brands M VARTA power one 3#4Net Sales per Region Growth in all regions Net Sales per Region in '000 EUR 2017 4.266 55.811 63.394 118.686 52.462 54.266 ■ Europe Asia ■N. America ■ Other 2016 4.085 ✔ VARTA 103.002 Highlights Growth of 17% in Asian markets followed by strong growth in Europe with over 15% y-o-y Growth in Asian markets reflects strong demand for batteries used for hearables & wearables " VARTA Microbattery VARTA Storage Our Brands M VARTA power one 4#5VARTA Microbatteries Segment Continous growth and economies of scale effects In mEUR 177,4 Net Sales +14,8% 203,6 33,7 2016 2017 EBITDA +29,7% 43,7 2016 2017 ✔ VARTA Highlights Mid teen growth in sales, mostly influenced by hearing aid batteries and small lithium ion cells Growth reflects strong demand from market EBITDA margin with 21,5% clearly over 20% hurdle " VARTA Microbattery VARTA Storage Our Brands M VARTA power one 5#6VARTA Power & Energy Segment Continous growth but still negative in EBITDA In mEUR 34,6 Net Sales +9,0% 37,7 2016 2017 EBITDA -12,8% ✔ VARTA -3,9 -4,4 2016 2017 Highlights Growth reflects strong demand for storage solutions 2018 goal for changing from negative to positive EBITDA " VARTA Microbattery VARTA Storage Our Brands M VARTA power one 6#7Adjusted EBITDA Overproportional growth in adjusted EBITDA Adj. EBITDA in mEUR and in % of Net Sales +50% 39,1 26.1 22,9 19.4 16,7 16% 10% 11% 12% 12% 2013 2014 2015 2016 2017 ✔ VARTA Highlights Economies of scale business let adjusted EBITDA grow by more than 50% Adjusted EBITDA margin with 16% just under a third higher than in 2016 Reflects strategy of continous concentration on high margin growth " VARTA Microbattery VARTA Storage Our Brands M VARTA power one 7#8EBIT Overproportional growth in EBIT EBIT in MEUR and in % of Net Sales +59% 22,5 23,6 14,8 12,6 8% 13,4 12% 10% 8% 7% 2013 2014 2015 2016 2017 ✔ VARTA Highlights 2017 show two digit EBIT margin level although reduced by one time effects (adjustments) EBIT reflects concentration on strengthen paybacks of capex spendings. VARTA Microbattery VARTA Storage " Our Brands M VARTA power one 8#9Consolidated Result Positive developement in all result figures Consolidated Result in mEUR and in % of Net Sales 11,6 9,4 8,1 7,9 +44% 13,5 6% 6% 5% 5% 4% 2013 2014 2015 2016 2017 ✔ VARTA Highlights Taxrate due to good results in 2017 higher than in 2016 Highest consolidated result since 2013 even though lowered by one time effects ongoing with IPO " VARTA Microbattery VARTA Storage Our Brands M VARTA power one 9#10Total Assets IPO effects shape developement of total assets Total Assets in m EUR 158,5 158,1 155,7 164,9 +101,0% +166,6 331,5 2013 2014 2015 2016 2017 Highlights Net Proceeds of around 147 Mio. EUR shape balance sheet in 2017 Net cash position of over EUR 130,1 million at the end of 2017 VARTA Microbattery VARTA Storage " ✔ VARTA Our Brands M VARTA power one 10#11Trade Working Capital TWC ratio with 17% stable Trade Working Capital in mEUR and in % of Net Sales +5,2 24% +14% 41,4 38,5 17% 36,2 28,5 22,8 17% 17% 12% 2013 2014 2015 2016 2017 ✔ VARTA Highlights TWC ratio stable at level of 2016 TWC impacted by developement of invetories Inventories rose to 55,8 Mio. EUR to enable deliverability in early 2018 following strong market demand VARTA Microbattery VARTA Storage " Our Brands M VARTA power one 11#12Net Debt Change from Net Debt to Net Cash in 2017 Net Debt in mEUR 158,2 60,5 42,6 30.7 36,2 -122,0 2013 2014 2015 2016 2017 Highlights IPO proceeds and positive results in 2017 shape Net Debt Net Cash position of over EUR 130 million at the end of 2017 " VARTA Microbattery VARTA Storage ✔ VARTA Our Brands M VARTA power one 12#13Equity Positiv result and IPO let equity ratio boost Equity in mEUR and in % of total assets +165,2 230,5 70% 65.3 52,2 53,5 54,9 40% 33% 34% 35% 2013 2014 2015 2016 2017 ✔ VARTA Highlights Equity ratio increased to 70% due to IPO and the positive developement of the results VARTA Microbattery VARTA Storage " Our Brands M VARTA power one 13#14Cashflow In mEUR Cashflow from operating activities 24,2 -23,4% 18,5 ✔ VARTA Cashflow from investing activities +37,9% Cashflow from financing activities +10 147,7% -13,4 121,6 -21,6 -1,2 2016 2017 2016 2017 2016 2017 Highlights Cash flow from operating activities highly affected by one time effects of IPO related costs and increase in inventories to ensure deliverability in early 2018 VARTA Microbattery VARTA Storage " Our Brands M VARTA power one 14#15Outlook 2018#16Outlook 2018 ✔ VARTA Highlights Business is expected to continue on its growth path Overall sales are expected to show a significant growth over the course of next year (at constant exchange rates) A significant increase over the previous year is also expected for 2018 for the adjusted EBITDA - because of economies of scale " VARTA Microbattery VARTA Storage Our Brands M VARTA power one 16#17Contact Investor Relations Dr. Michael Pistauer Vorstand VARTA AG Daimlerstraße 1 73479 Ellwangen E-Mail: [email protected] Financial Calender ✔ VARTA 25.04.2018 Interim Statement Q1 2018 19.06.2018 Annual General Meeting 28.08.2018 Half-year Report 2018 25.10.2018 Interim Statement Q3 2018 VARTA Microbattery VARTA Storage " Our Brands M VARTA power one 17