Rheinmetall : Corporate Presentation, Januar 2021

Rheinmetall Group Corporate Presentation

January 2021

Rheinmetall Group

Mobility and security form the DNA of the business model

Business Model

Market

driver

RHEINMETALL GROUP

INTEGRATED TECHNOLOGY GROUP FOR SECURITY AND MOBILITY

Automotive Our heart beats for your engine	Defence Force protection is our mission
 Tier 1 supplier	 System house for land based operations
 High-tech products for global markets	 Leading provider of innovative solutions
 Gaining powertrain neutrality	 Internationalization focused on home
	markets

 Megatrend mobility	 Increasing demand for security
 Growing demand for clean mobility	 Geostrategical powershifts
 Global LV production with growth	 Constantly changing conflict situations
 Increased regulation	 Rising defence/security budgets

Corporate Presentation January 2021

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Rheinmetall Group

Highlights

Group performance indicator

Strategy roadmap

Grow sales around 8%

Targeted 2-4% Cash on sales

AUTOMOTIVE

Op. margin

6.7%

~8% op.	RHEINMETALL
margin
30-35%		GROUP
payout ratio
Our heart beats for your engine	2019	DEFENCE
€2,736m	44%	Sales	56%
€184m	35%	Oper. Result	65%
*€447m		Order backlog
11,405	49%	Headcount**	51%

Organic	International
growth	expansion
Leading by	Targeted
innovations	acquisitions

Force protection is our mission

€3,522m	Op. margin
€343m	9.8%
€10,399m
12,100

* Short-term;**Headcount at capacities;

Corporate Presentation January 2021

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Rheinmetall Group

Financial overview - Growth in all relevant KPI

Sales, operating result and operating margin

In €m
6.500				6.148	6.255	12
			5.896		10
6.000
	5.602				8
5.500
5.183			8,0%	8,1%	6
		6,3%	6,8%
	5,5%			4
500	353	400	491	505
287			2
0	2015	2016	2017	2018	2019	0
	Op. Margin	Sales	Op. Result

Operating FCF and operating FCF to Sales

In €m / in %			4,7%		5,0%
400					5
				314
300			276		4
				2-4%
200		161				3	OFCF
					TARGET
	2,9%				2
100
29					1
0	0,6%					0
			-0,6%
-100					-1
			-35
	2015	2016	2017	2018	2019
oFCF		oFCF/Sales

Earnings and dividend per share

Net financial debt and Net debt to EBITDA

	In € / in %							In €m
12		30,9%	32,4%	29,6%	30,9%	40	Payout Ratio	Cash	0.17x
10	28,4%		300
				30-35%
			7,77	30
8				7,10	of EPS	200
6	3,88	4,69	5,24			20		100
4
			2,10	2,40	10
2	1,10	1,45	1,70		0
				-81
0	2015	2016	2017	2018	2019	0		-100	2015
			Debt

		0.04x	0.07x	0.1
	230
19		-30	-52	0.0
2016	2017	2018	2019

Payout Ratio		EPS		DPS		Net debt to EBITDA		Net debt

Corporate Presentation January 2021

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