SFC ENERGY AG INTERIM

Statement of Financial Position

4 INTERIM REPORT ON THE BUSINESS DEVELOPMENT 7 OF THE FIRST QUARTER 2020 Earnings, balance sheet, guidance 15 FINANCIAL CALENDAR 2020/SHARE INFORMATION/ INVESTOR-RELATIONS/IMPRINT EARNINGS, BALANCE SHEET, GUIDANCE Earnings figures Management considers the overall profitability of the SFC Energy Group in the first three months of the 2020 financial year can be described as satisfactory, and in line with expectations given the emerging COVID-19 pandemic and OPEC+ crisis. Gross profit was down 8.2 % year-on-year in the first quarter of the current financial year at € 5,245k (previous year: € 5,716k). At 32.5 %, the gross margin was below the previous year’s level of 34.7 %. The anticipated margin reduction in the Defense & Security segment was not entirely offset by the absolute improvement in the Clean Energy & Mobility segment. EBITDA was positive at € 375k in the first three months of 2020 compared with € 778k in the same period of the previous year. EBITDA adjusted for non-recurring effects amounted to a positive € 820k (previous year: € 1,553k). In the first three months of the current financial year, EBIT was negative at minus € 432k compared with minus € 19k in the same period of the previous year. EBIT adjusted for non-recurring effects was positive at € 13k in the reporting period (previous year: € 756k). Non-recurring effects amounted to € 446k in total (previous year: € 775k): in k€ 01/01 – 03/31/2020 01/01 – 03/31/2019 Expenses for the SAR program 282 775 Expenses for acquisition-related costs 164 0 Earnings after taxes went from minus € 320k in the first three months of the previous year to minus € 630k in the same period of 2020. IFRS earnings per share (basic and diluted) amounted to minus € 0.05 in the 2020 reporting period. By comparison, earnings per share (basic and diluted) in the same period of the previous year were minus € 0.03. Effect of IFRS 16 on earnings figures The application of IFRS 16 had the following effects: in k€ 01/01 – 03/31/2020 01/01 – 03/31/2019 Effect on EBITDA 573 560 Effect on EBIT 39 37 Effect on net income – 15 – 25 SFC ENERGY Quarterly release Q1/2020 4 INTERIM REPORT ON THE BUSINESS DEVELOPMENT 8 OF THE FIRST QUARTER 2020 Earnings, balance sheet, guidance 15 FINANCIAL CALENDAR 2020/SHARE INFORMATION/ INVESTOR-RELATIONS/IMPRINT Balance sheet and employees Available cash and cash equivalents amounted to € 18,531k as