KHD HUMBOLDT WEDAG INTERNATIONAL AG INTERIM

Financial Statements

INTERIM GROUP FINANCIAL STATEMENT 1 GROUP INCOME STATEMENT of KHD Humboldt Wedag International AG for the Period from January 1 to June 30, 2019 Jan. 1 - Jan. 1 - in €thousand June 30, 2019 June 30, 2018 Revenue 82,853 64,122 Cost of sales (76,099) (57,035) Gross profit 6,754 7,087 Other operating income 1,118 1,979 Sales expenses (6,737) (6,446) General and administrative expenses (5,912) (6,369) Other expenses (9,502) (2,736) Earnings before interest and taxes (EBIT) (14,279) (6,485) Finance income 4,431 4,135 Finance expenses (754) (680) Net finance income 3,677 3,455 Earnings before tax (EBT) (10,602) (3,030) Income tax expense (2,141) (1,561) Group net result for the period (12,743) (4,591) Of which are attributable to: Parent company shareholders (12,748) (4,598) Non-controlling interests 5 7 (12,743) (4,591) EARNINGS PER SHARE Jan. 1 - Jan. 1 - June 30, 2019 June 30, 2018 Net profit attributable to shareholders (in €thousand) (12,748) (4,598) Weighted average number of shares outstanding 49,703,573 49,703,573 Basic (undiluted) and diluted earnings per share in € (0.26) (0.09) 16 2 GROUP STATEMENT OF COMPREHENSIVE INCOME for KHD Humboldt Wedag International AG for the Period from January 1 to June 30, 2019 Jan. 1 - Jan. 1 - in €thousand June 30, 2019 June 30, 2018 Group net loss for the period (12,743) (4,591) Items that will be reclassified subsequently to profit or loss when specific conditions are met Currency translation differences 604 (1,396) Items that will not be reclassified subsequently to profit or loss Actuarial gains and losses related to defined benefit obligations less - deferred taxes related thereto (1,117) (117) Effect from the first-time adoption of IFRS 16 (357) - Other comprehensive income (870) (1,513) Group comprehensive income (13,613) (6,104) Of which attributable to: Parent company shareholders (13,618) (6,111) Non-controlling interests 5 7 (13,613) (6,104) As in the previous year, no income taxes on currency translation differences were applicable. There are also, as in the previous year, no deferred tax assets or liabilities related to actuarial gains and losses. 17 3 GROUP BALANCE SHEET of KHD Humboldt Wedag International AG as of June 30, 2019 ASSETS June 30, 2019 Dec. 31, 2018 in €thousand Non-current assets Property, plant and equipment 9,732 9,613 Goodwill 5,162 5,162 Other intangible assets 1,371 1,298 Right of use *