HEIDELBERG confirms forecast in challenging climate - Seite 2

sites since January 2024.

Value creation program will deliver positive effects of around EUR60 million by
the end of Q3 2023/24

Since April last year, HEIDELBERG has identified around 250 initiatives for the
coming three years as part of the value creation program. These initiatives will
help generate sustainably positive free cash flow moving forward. In the current
financial year, the measures are already playing a key role in achieving the
positive free cash flow figure that is expected at the end of the financial
year.

"HEIDELBERG is facing up to the changed underlying conditions, acting quickly to
counter rising costs and the weaker order situation. What's more, the value
creation program will already make a positive contribution to free cash flow
amounting to around EUR 60 million in this financial year," said CFO Tania von
der Goltz. The cash generated from operating activities (operating cash flow)
has improved substantially, in particular thanks to more efficient management of
inventories and receivables (working capital) in the reporting period.

At EUR -54 million, free cash flow after nine months was lower than in the
previous year (EUR - 16 million), when it was supported by positive special
items such as land sales totaling some EUR 72 million. There were no such
effects in the current financial year.

Forecast confirmed

The forecast for financial year 2023/2024 remains as published on June 14, 2023.
Assuming the global economy develops as predicted by the economic research
institutions, the company is still expecting sales in financial year 2023/2024
to match the previous year's figure. The adjusted EBITDA margin is also
anticipated to remain at the previous year's level.

Figure 1: With a printing speed of 21,000 sheets per hour, the Speedmaster XL
106 from HEIDELBERG makes it possible to increase net output in folding carton
production by up to ten percent compared to the standard configuration.

Image material and further information about the company are available in the
Investor Relations (https://www.heidelberg.com/global/de/about_heidelberg/invest
or_relations/overview_1.jsp) portal and Press Lounge (https://www.heidelberg.com
/global/en/about_heidelberg/press_relations/press_release/ov_press_lounge.jsp#%3
B1475%3B0%3B0%3B0%3B%3Bscore%3B0) of Heidelberger Druckmaschinen AG at
http://www.heidelberg.com .

HEIDELBERG at drupa 2024:

drupa 2024 | HEIDELBERG (https://drupa.heidelberg.com/en?utm_source=website&utm_
medium=marketingurl&utm_campaign=drupa2024&utm_content=corporate_de/#welcome-to-
drupa-2024)

Drupa Interview Dr. Monz | HEIDELBERG (https://www.heidelberg.com/global/en/abou
t_heidelberg/company/company_profile/insights/drupa_presentation.jsp)

Further information:

Corporate Communications
Florian Pitzinger
Phone: [phone]
E-mail: [e-mail]

Thomas Fichtl
Phone: [phone]
E-mail: [e-mail]

Investor Relations
Maximilian Beyer
Phone: [phone]
E-mail: [e-mail]

Important note:

This release contains forward-looking statements based on assumptions and
estimates by the management of Heidelberger Druckmaschinen Aktiengesellschaft.
Even though the management is of the opinion that these assumptions and
estimates are accurate, the actual future development and results may deviate
substantially from these forward-looking statements due to various factors,
such as changes in the overall economic situation, in exchange and interest
rates, and within the print media industry. Heidelberger Druckmaschinen
Aktiengesellschaft provides no guarantee and assumes no liability for future
developments and results deviating from the assumptions and estimates made in
this press release.

Additional content: http://presseportal.de/pm/6678/5708693
OTS: Heidelberger Druckmaschinen AG
ISIN: DE0007314007

Die Heidelberger Druckmaschinen Aktie wird zum Zeitpunkt der Veröffentlichung der Nachricht mit einem Minus von -4,63 % und einem Kurs von 1,030EUR auf Tradegate (07. Februar 2024, 12:02 Uhr) gehandelt.