CYCLING

MOVES THE WORLD FORWARD

FY 2021

RESULTS

Ton Anbeek, CEO Ruben Baldew, CFO

4 March 2022

Ton Anbeek

CEO

KEY MESSAGES FY 2021

1.

2.

Demand for bikes and

Accell brands continue to

parts remains strong

win innovation awards.

across regions and

Our order portfolio

categories.

remains strong.

3.

4.

Global supply shortages and

Added value % recovering

logistical issues have

(up 269 bps) thanks to

hampered sales as

lower discounts and

expected. Growth 2021

pricing actions taken.

6.2%.

4

KEY MESSAGES FY 2021

5.

EBIT reported up 47% to € 110 mln (8.0%). Underlying EBIT up 34% to € 107 mln (7.7%).

7.

Due to higher TWC%, free cash flow negative at € 127 mln leading to net debt of € 217 mln.

6.

TWC at 33.1% increased vs. PY (1367 bps). Driven by delay of critical components.

8.

Execution strategy continues according to plan and 2022 targets are in sight.

5

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Disclaimer

Accell Groep NV published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 08:28:05 UTC.