Gurit H1 2023 Results

Cash flow management initiatives are bearing fruit Trade net working capital CAPEX Free cash flow Gurit 30% 250 30 23.5% 25% 22.4% 22.4% 21.1% 200 25 19.1% 20% 20 22 20 10 10 30 21.7 20 13.9 6.5 4.3 129.3 150 117.2 15% 110.5 104.8 107.2 13.8 15 0 100 11.2 11.8 10% 10 -10 6.7 5.5 50 5% 5 -20 -19.3 0% 0 0 -30 2019 2020 2021 2022 H1 2023 H1 19 H1 20 H121 H1 22 H1 23 H1 19 H1 20 H121 H1 22 H1 23 NWC (LTM) -in % of LTM net sales ■ Focus on NWC reduction is bearing fruit ■ Investments into India Improved EBITDA ■ Lower net working capital Gurit H1 2023 Results | 16/08/2023 | 13

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