SAF-HOLLAND

KEY FIGURES

	2014	2015	2016	2017	2018

Results of operations (in EUR millions)
Sales	959.7	1,060.7	1,042.0	1,138.9	1,300.6
Gross profit	174.6	202.9	206.5	205.1	199.3
Gross profit margin in %	18.2%	19.1%	19.8%	18.0%	15.3%
EBIT	56.7	81.6	78.4	72.7	78.0
EBIT margin in %	5.9%	7.7%	7.5%	6.4%	6.0%
Adjusted EBIT	70.7	91.2	90.4	94.0	89.6
Adjusted EBIT margin in %	7.4%	8.9%	8.7%	8.0%	6.9%
Result for the period	32.7	51.7	43.5	41.0	48.1
Adjusted result for the period	43.7	62.2	53.7	52.7	55.5
Undiluted earnings per share	0.72	1.14	0.98	0.95	1.06
Adjusted undiluted earnings per share	0.96	1.37	1.18	1.16	1.22
Dividend per share	0.32	0.40	0.44	0.45	0.45¹

Net assets (in EUR millions)
Balance Sheet total	645.2	888.5	1,014.0	998.1	977.4
Equity	248.6	287.8	304.9	301.0	332.6
Equity ratio in %	38.5%	32.4%	30.1%	30.2%	34.0%
Cash and cash equivalents	44.2	145.7	344.6	278.8	155.0
Net debt	137.1	122.4	97.1	105.5	213.4
Net working capital	102.7	116.6	110.3	120.6	172.5
Net working capital / sales in %	10.9%	12.0%	10.9%	11.0%	13.5%

Financial position (in EUR millions)
Cash flow from operating activities before income tax paid	48.8	79.5	106.4	74.1	66.5
Cash conversion rate² in %	69.0%	84.6%	117.7%	81.3%	74.2%
Net cash flow from operating activities	36.0	63.1	92.7	56.8	40.8
Cash flow from investing activities	-29.5	-139.1	89.8	-84.3	-39.6
Purchase of property, plant and equipment and intangible assets	-30.1	-28.1	-25.0	-27.1	-40.8
Free cash flow³	11.3	35.0	67.7	29.7	0.0

Yield (in %)
Dividend yield	2.9%	3.2%	3.2%	2.5%	4.0%
Return on capital employed (ROCE)⁴	11.0%	10.7%	9.1%	9.5%	9.7%

Employees
Employees (average)	3,346	3,325	3,259	3,565	4,293
Sales per employee (kEUR)	286.8	319.1	319.7	319.5	302.9
¹ To be proposed at Annual General Meeting 2019 ² Cash flow from operating activities before income tax paid divided by adjusted EBIT ³ Net cash flow from operating activities less investments in property, plant and equipment and intangible assets ⁴ ROCE = EBIT / (total assets-current liabilities)