TRIPLAN AG contineous growth trend Quarterly report March 31, 27 January 1, - March 31, 27
Financial figures Financial figures of the first quarter 27 Balance Sheet 31.3.27 31.3.26 +/- % 31.12.26 Balance sheet total 21.164 15.946 5.218 32,7 18.768 Total equity 1.112 7.94 3.18 42,5 9.824 Liabilities 1.764 7.768 2.996 38,6 8.597 Payables 7.589 5.349 2.24 41,9 5.37 Equity ratio 47,7 44,5 3,2 7,2 52,3 Cash and cash equivalants 4.799 1.78 3.91 181, 4.45 Cash Flow 31.3.27 31.3.26 +/- % 31.12.26 C ash-flow 937 24 697 29,4 2.765 Free C ash-flow 945-231 1.176 k.a. 813 Net cash provided by operating activities 1.35-73 1.18 k.a. 1.382 Net cash used in investing activities -9-158 68-43, -569 Net cash provided by financial activities -8 471-479 k.a. 1.952 Income 31.3.27 31.3.26 +/- % 31.12.26 Revenues 13.199 9.737 3.462 35,5 4.13 Operating income / loss 615 354 261 73,7 1.562 Financial result 11-8 19-243, 25 Net income / loss 225 213 12 5,7 1.261 EBITDA 1.365 558 87 144,6 2.528 EBIT 615 354 261 73,7 1.562 EBT 626 346 28 81,1 1.587 Personnel expenses 5.18 4.78 31 6,6 19.11 Number of employees 297 277 2 7, 285 TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 2
Index Foreword by the Management > Page 4 In the Reporting Period > Page 6 Economic Sectors > Page 7 Engineering Technology Services Business Development > Page 8 The TRIPLAN-Share > Page 1 Share Price Development In Dialog with the Capital Market Quarterly Closing March 31, 27 > Page 11 Income Statement Balance Sheet Statement of Changes in Shareholders Equity Cash Flow Statement Segment Reporting After the Reporting Period > Page 16 Additional Explanations / Legal Remarks > Page 17 Financial Calendar / Imprint > Page 18 TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 3
Foreword of the Board TRIPLAN contineous positive growth trend Dear Shareholders, Dear Madam or Sir, We are happy that we can present to you the report for the first quarter of 27. The past quarter was the most successful quarter in the company's history thus far. TRIPLAN AG was able to further expand and strengthen its international market position in the two business segments Engineering and Technology Services. The core business field of TRIPLAN AG, Engineering, continued to develop dynamically in the first three months of 27. Implementation of the industry center concept, begun in 26, has led to a permanent improvement in the image of TRIPLAN AG and has enhanced the company's degree of recognition as a European engineering services provider with an international orientation. The industry center concept positions TRIPLAN AG as an integrated engineering group with competence and multinational expertise in the areas of chemistry, petrochemicals and life science. This image has also been sharpened though the founding in 26 of the TRIPLAN subsidiary, TREVIS Ingenieure AG, headquartered in Switzerland. The positive development of TRIPLAN AG is reflected especially in the acquisition of new projects. TRIPLAN AG is increasingly entering the focus of large, international corporations that increasingly rely on the competence of TRIPLAN AG and are convinced of the capability of this group of companies with around 47 employees. This status results in a continuously increasing demand for our company's engineering services and outstanding utilization of our employees' capacity. In the Engineering division, we were able to achieve total operating performance of EUR 11.734 million (previous year: EUR 8.721 million). In the second business segment, Technology Services, we have also achieved important milestones. In March, we signed a memorandum of understanding with the Indian Neilsoft Ltd. In the course of our cooperation, after the reporting period, we founded a joint company that holds the rights to the product areas CADISON, TRICAD Original and PIPE M. Neilsoft Ltd. participates in this company with 6 percent ownership. But TRIPLAN AG has wide-ranging rights to participate in decisions about the company over the next four years. The jointly managed company serves primarily to expand international sales activities. TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 4
Foreword of the Board TRIPLAN contineous positive growth trend The expertise in the Automotive area remains in the TRIPLAN Group. The Technology Services division contributed EUR 1.67 million to consolidated gross performance. TRIPLAN was able to successfully continue the dynamic development of financial year 26 and strengthen its market position in both business segments. The TRIPLAN Group's internationalization is also moving forward positively. The Group's total operating performance effective 31 March 27 was EUR 13.457 million (previous year: EUR 1.334 million). That equals an increase of 3.2 percent. EBIT was EUR 615 thousand (previous year: EUR 354 thousand), while net income for the period was EUR 225 thousand (previous year: EUR 213 thousand). We are convinced we can exceed the good results of 26 and are sticking with our budgeted total operating performance of EUR 42 million with an EBIT of EUR 2 million for the year. We thank our shareholders for their confidence and our employees and business partners for their always partner-like cooperation. Walter Nehrbass Managing Board Chairman Heinz Braun Member of the Managing Board Finance TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 5
In the Reporting Period Milestones of the first quarter 27 Memorandum of understanding with Neilsoft Ltd. In March 27, TRIPLAN AG and Neilsoft Ltd. of India signed a memorandum of understanding for the Technology Services division to realign the products CADISON, TRICAD-Original and PIPE-M. The goal of the partnership is to internationalize all development and sales activities of ITandFactory, a subsidiary of TRIPLAN AG. The TRIPLAN expertise in the automotive area, which is covered 1% by our subsidiary Venturis GmbH, will remain 1% in the Group as a core business. Neilsoft Ltd. participates with 6 percent ownership in the newly founded company, which holds the rights to the products. TRIPLAN AG has great influence rights in the new company through the contractual design of the cooperation. Expansion of activities in the Czech Republic and countries of the former CIS. TRIPLAN AG drove its internationalization forward in the first quarter of 27. In this connection, the Czech subsidiary of TRIPLAN AG will be reoriented and expanded. In addition, there are project-based cooperative arrangements with companies from the former CIS. Large-scale projects in the Engineering division TRIPLAN AG acquired additional large-scale projects in the reporting period. Particularly in the area of regenerative energies, TRIPLAN AG was entrusted by a German chemical group with the planning for an industrial plant. Acquisition of large-scale projects is especially outstanding for the utilization of employees' capacity. In addition, large-scale projects such as these increase the company's degree of recognition within the industry and permanently improve the reputation of TRIPLAN AG. TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 6
Economic Sectors Positive frame conditions force TRIPLANs growth Engineering The German Chemical Industry Association expects positive developments for German chemical companies in 27. The companies were able to carry the dynamic trend of 26 over into 27. Sales revenue in the first quarter rose 4.5 percent compared to the previous year's quarter. The German Chemical Industry Association expects revenue to increase 4.5 percent. The sector's readiness to invest is correspondingly high. This trend is significant for Engineering, the core sector of TRIPLAN AG. The good market situation of the chemical industry affects our company as well. Besides the good positioning of TRIPLAN AG, the continued positive general economic indicators are responsible for the positive developments in our Engineering sector. Technology Service The ITC sector in the past few years has showed modest but continuous growth rates of between four and five percent per year in the software and IT services segment. This trend will continue in the coming years as well, according to a current analysis by the ITC industry association BITKOM. In these segments, a total investment volume of EUR 17.9 billion (previous year: EUR 17 billion) and EUR 3.5 billion (previous year: EUR 29.1 billion), respectively, is forecast for 27. Especially because the products offered by the TRIPLAN Group are niche products, we are optimistic that we will profit from the market trend. In particular, our partnership with Neilsoft Ltd. will positively affect development and sale of our products. TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 7
Business development Contineous fortification of the financial figures Total operating performance rises 3.2 percent / period result and EBIT improve The TRIPLAN Group was able to improve its total operating performance in the first three months of the 26 business year by EUR 3.123 million, from EUR 1.334 million (previous year's period) to EUR 13.457 million. This is an increase of 3.2 percent. The EBIT was EUR 615 thousand, versus EUR 354 thousand for the comparable prior year's period. The resulting net income for the period was EUR 225 thousand, compared to EUR 213 thousand as of 31 March 26. The high tax burden resulted from local income taxes as part of an international project. Dynamic development of the Engineering business segment The Engineering business segment has developed outstandingly in the first quarter of 27 and has continued seamlessly the developments of the previous year. Total operating performance in the Engineering division was EUR 11.734 million in the first three months (previous year, EUR 8.721 million). This is an increase of EUR 3.13 million, or 34.5 percent, over the previous year's period. EBIT was raised by 77.5 percent from EUR 751 thousand to EUR 1.333 million. Technology Services business segment The Technology Services business segment also developed positively. This segment generated a total operating performance of EUR 1.67 million (previous year: EUR 1.371 million). That is a percentage rise of about 21.8 percent. EBIT improved 15.5 percent from EUR 58 thousand to EUR 67 thousand. Expenses Materials costs increased in the reporting period to EUR 6.77 million, compared to EUR 3.786 million in the previous year's period. That equals an increase of approximately 6.5 percent. In addition, personnel costs rose to EUR 5.18 million from EUR 4.78 million as of the previous year's reporting date. That is an increase of 6.6 percent. The increases in both material and personnel costs are directly related to the positive development of the operating business. Personnel Development TRIPLAN had 297 employees in the reporting period, compared to 277 employees in the comparable previous year's period. This is an increase of 2 employees. The TRIPLAN Group currently employs around 47 (including freelance employees). The growth is due to the increase in business. TRIPLAN is also a popular employer. This is advantageous for the company's future expansion. TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 8
Business development Contineous fortification of the financial figures Equity ratio improves again TRIPLAN's equity ratio improved by around three percentage points, from 44.5 to 47.8 percent. Payables/receivables The increase in payables and receivables goes together with the marked expansion of business activities in the first quarter of 27. Payables rose by EUR 2.24 million, from EUR 5.349 million to EUR 7.589 million. In the same period, receivables rose by EUR 2.996 million, from EUR 7.768 million to EUR 1.764 million. Liquidity improves markedly TRIPLAN also succeeded in markedly improving liquidity in the first three months of the business year. Cash and equivalents on the reporting date grew by EUR 3.91 million, from EUR 1.78 million to EUR 4.799 million. Atypical expenses from restructuring of the Technology Services division Atypical, one-time expenses from write-downs of EUR 674 thousand, which were largely borne by Group administration, resulted from the reorganization of the Technology Services division and the resulting partnership with Neilsoft Ltd. Income from the shareholding by Neilsoft Ltd. will result as part of an earn-out within the next few years. TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 9
The share Triplan share mirrors business success Share price development The TRIPLAN AG share performed very positively in the reporting period. The closing price on 2 January 27 was EUR 2.19. The closing price on the reporting date was EUR 2.29. That is an increase of around 4.5 percent. After the reporting date, the share continued to rise and found its corridor at about EUR 2.5. TRIPLAN share (Jan. 1, Mar. 31, 27) In dialogue with the capital market As part of our investor relations activities, we hold regular talks with investors, analysts and financial journalists to present our company's positive developments. Particularly the developments of the past months have given us reason to address the financial community. Deutsche Börse AG Besides institutional investors, we are always available to our private investors as well. In particular, our Internet site gives interested persons information about the TRIPLAN share. All information can be accessed there. TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 1
Profit and loss statement TRIPLAN group (1.1.-31.3.27) Income Statement TRIPLAN-group Jan. 1, - Mar. 31, 27 31.3.27 31.3.26 +/- % 31.12.26 Revenues 13.199 9.737 3.462 36 4.13 Changes in inventories 133 214-81 -38-1 Other capitalized internal services 5 1-5 -5 25 Other operating income 74 283-29 -74 62 Net sales 13.457 1.334 3.123 3 4.873 Cost of purchased materials and services 6.77 3.786 2.291 61 14.795 Personnel expenses 5.18 4.78 31 7 19.11 Amortization (and impairment) of goodwill, depreciation and amortization 75 24 546 267 966 Other operating expenses 998 1.282-284 -22 4.44 Operating income / loss 615 354 261 74 1.562 Financials result 11-8 19-243 25 Result before income taxes 626 346 28 81 1.587 Income tax -41-133 -268 22-326 Net income / net loss 225 213 12 6 1.261 Profit shares minority shareholders 7 7 21 Annual surplus pursuant to other shareholder's profit share 218 218 1.282 - Net income per share in EUR (diluted),2,3,15 Net income per share in EUR (undiluted),2,3,14 TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 11
Balance sheet TRIPLAN-group march 31, 27 Balance Sheet TRIPLAN-group ASSETS EUR 31.3.27 31.3.26 +/- % 31.12.26 A. Non Current Assets I. Intangible assets 3.86 4.927-1.67-21,7% 4.654 II. Properties, plant and equipment 456 438 18 4,% 559 III. deferred taxes 462 46 2,5% 493 Total Non Current Assets 4.778 5.825-1.47-18,% 5.76 B. Current Assets I. Inventories 554 645-91 -14,1% 42 II. Trade accounts receivable 1.764 7.768 2.996 38,6% 8.597 III. Cash and cash equivalents 4.799 1.78 3.91 181,% 4.45 Total Current Assets 16.117 1.121 5.996 59,2% 13.62 C. Long-term assets for disposal 268 268 n.a. Total Assets 21.164 15.946 5.218 32,7% 18.768 LIABILITIES AND SHAREHOLDERS' EQUITY EUR 31.3.27 31.3.26 +/- % 31.12.26 A. Shareholders' Equity I. Share capital 9.564 8.565 999 11,7% 9.564 II. Additional pay-in capital 6.322 5.523 799 14,5% 6.322 III. Foreign currency translation -41 75-116 -155,3% -14 IV. Retained earnings / accumulated loss -5.781-7.69 1.288-18,2% -5.999 Sum 1.63 7.94 2.969 41,8% 9.783 I. Minority Interest 49 49 n.a. 41 Total Shareholders' Equity 1.112 7.94 3.18 42,5% 9.824 B. Non-Current Liabilities I. Long-term debt 32 317-285 -89,8% 54 II. Deferred taxes 637 76-69 -9,7% 99 III. Pension obligations 48 413-5 -1,1% 48 IV. Other long-term liabilities 86 86 n.a. Total Non-Current Liabilities 1.164 1.436-272 -18,9% 1.371 C. Current Liabilities I. Trade and other payables 7.589 5.349 2.24 41,9% 5.37 II. Short-term-loans 59 95-36 -37,8% 7 III. Other provisions 2.239 1.972 267 13,5% 2.259 Total Current Liabilities 9.888 7.416 2.472 33,3% 7.573 Total Liabilities and Shareholders' Equity 21.164 15.946 5.218 32,7% 18.768 TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 12
TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 13 Statement of changes in the shareholders equity of the TRIPLAN group Number Sub- Capital Currency Consolidated Minority of shares scribed reserves Conv. Balance Interest issued Capital Comp Items Loss/Profit Total EUR EUR EUR EUR EUR EUR Shareholders' Equity as at 31.12.25/1.1.26 8.21.691 8.22 5.366 79-7.281 6.366 C urreny translation differences -183-183 Non-cash capital increase in January 26 363.265 363 177 54 C osts of capital increase -1-1 Shares from the stock option plan 34.9 35 35 C ash capital increase September 26 691.952 692 83 1.522 C osts of capital increase -24-24 Shares from conversion of convertible bonds 272.57 272-17 255 Minority interests 63 63 Period result 1.282-21 1.261 Shareholders' capital as at 31.12.26 9.563.865 9.564 6.322-14 -5.999 42 9.825 Sharesholders' capital as at 31.12.26/1.1.27 9.563.865 9.564 6.322-14 -5.999 42 9.825 C urrency conversion differences 63 63 Minority interests Period result 218 7 225 Shareholders' equity as at 31.3.27 9.563.865 9.564 6.322-41 -5.781 49 1.112 Statement of changes in shareholders equity TRIPLAN-group (1.1.-31.3.27)
Cash flow statement TRIPLAN-Gruppe march 31, 27 Cash Flow Statement TRIPLAN-group Cash Flows from operating activities 31.3.27 31.3.26 EUR EUR EBIT 615 354 Adjustments for: Depreciation and amortization 75 24 Production of own fixed assets capitalized -5-1 Gains on asset sales -1 Losses on asset sales Increase / decrease in provisions and accruals Operating income / loss before changes in net working capital 1.314 458 Changes in inventories -135-213 Changes in trade accounts receivable -1.857-1.844 Changes in other current assets -31 44 Changes in trade accounts payable 384 15 Changes in other current liabilities 1.687 1.386 Net cash provided by operating activities before income taxes 1.83-64 Interest payable/interest yield -11-8 paid income taxes -37-1 Net cash provided by operating activities 1.35-73 Cash Flows from investing activities Purchase of properties, plant and equipment -177-158 Proceeds of properties, plant and equipment 87 Net cash used in investing activities -9-158 Cash Flows from financing activities Capital increase 54 Income from long-term loans C apital procurement costs before deferred taxes, miscellaneous -33 Loan amortization -8-36 Net funds from investment activities -8 471 Changes in liquidity 937 24 C hanges in the accumulated exchange rate differences -183 5 Liquidity as of the start of the business year 4.45 1.463 Liquidity as of the end of the period 4.799 1.78 TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 14
Segment reporting TRIPLAN Gruppe Segement Report Engineering EUR 31.3.7 31.3.6 +/- in % 31.12.26 Net sales and other operating income 9.812 8.51 1.32 15,3% 33.443 Revenues from long-term comissioned production 1.788 1.788 k.a. 1.111 Changes in inventories 134 211-77 -36,5% 3 Production of own fixed assets capitalized,% - Cost of purchased materials and services -5.835-3.62-2.233 62,% -14.134 Personel expenses -3.936-3.647-289 7,9% -15.171 Depreciation and amortization -82-58 -24 41,4% -321 Other operating expenses -548-663 115-17,3% -2.5 EBITDA 1.415 89 66 74,9% 2.779 Engineering (EBIT) 1.333 751 582 77,5% 2.458 Segment Report Technology Services EUR 31.3.7 31.3.6 +/- in % 31.12.26 Net sales and other operating income 1.621 1.268 353 27,8% 5.744 Changes in inventories -1 3-4 -133,3% -4 Production of own fixed assets capitalized 5 1-5 -5,% 25 Cost of purchased materials and services -22-184 -36 19,6% -798 Personel expenses -84-725 -79 1,9% -2.83 Depreciation and amortization -262-144 -118 81,9% -69 Other operating expenses -317-26 -57 21,9% -1.79 EBITDA 329 22 127 62,9% 1.247 Technology Services (EBIT) 67 58 9 15,5% 638 Group EUR 31.3.7 31.3.6 +/- in % 31.12.26 Engineering (EBIT) 1.333 751 582 77,5% 2.458 Technology Services (EBIT) 67 58 9 15,5% 638 Cost of group-administration, others -785-455 -33 72,5% -1.534 EBIT Group 615 354 261 73,7% 1.562 Financial result 11-8 19 k.a. 25 EBT 626 346 28 8,9% 1.587 Income taxes -41-133 -268 21,5% -326 Net income / loss 225 213 12 5,6% 1.261 Minority interests 7 7 k.a. 21 Profit shares for investors 218 213 5 2,3% 1.282 TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 15
After the Reporting Period Partnership with Neilsoft raises international awareness TRIPLAN sells part of its Technology Services division to Neilsoft Ltd. After signing the memorandums of understanding with Neilsoft Ltd., India, TRIPLAN AG entered into a partnership and sold a part of the Technology Services division to Neilsoft Ltd. Involved were the product areas CADISON, TRICAD Original and PIPE M. For this purpose, Neilsoft Ltd. participates with a 6 percent ownership in a newly founded company, which holds the rights to the products CADISON, TRI- CAD Original and PIPE M. The concluded agreements will further strengthen and drive forward our internationalization and product development under the cooperative management of Neilsoft Ltd. The TRIPLAN expertise in the automotive area with our own software house Venturis will remain 1% in the Group as a core business. Neilsoft is a software and engineering services company with a total of around 7 employees with headquarters in Pune and locations in U.S.A., Asia and Europe. The Managing Board sees further valuecreating potential with this partnership to expand our international engineering activities. TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 16
Additional explanations / Legal remarks Additional explanations Accounting principles The interim report follows the international accounting standard IAS 34. The interim financial statements employ the same accounting and valuation assumptions as were used in preparing the 26 consolidated financial statements. Amortization of goodwill and other assets In accordance with IFRS 3, goodwill is no longer amortized, starting with business year 25. With the value impairment test, a write-down may result from the comparison between fair value and book value. As part of the reclassification of long-term assets (disposal group) due to the participation of Neilsoft Ltd., write-downs of the assets related to the product area were made as needed. The volume of the write-downs taken was EUR 674 thousand. The corresponding effect on deferred taxes was taken into account. Other long-term liabilities The other long-term liabilities are obligations from leasing contracts. Due to the stipulations of IFRS/ IAS, these leasing contracts are valued as financial leases. As a result, the leased items are recorded in the company's long-term assets. A liability is also recorded as an offsetting item. The leasing installment is divided into an interest and a principal component, which are recorded as an expense or reduction of the liability. The capitalized goods are written off over their useful life. Legal remarks This report contains future-oriented statements that reflect the current views of TRIPLAN's management regarding future events. Every statement in this report that reflects intentions, assumptions, expectations or predictions, as well as the assumptions on which they are based, is such a future-oriented statement. These statements are based on plans, estimates and forecasts currently available to TRIPLAN's management. They therefore only apply to the day on which they are made. By their nature, future-oriented statements are subject to risks and uncertainty factors that can result in actual developments deviating considerably from the future-oriented statements or the events implicitly expressed in them. TRIPLAN is not obligated, nor does it intend, to update such statements in view of new information or future events. TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 17
Financial Calenda / Imprint Financial Calendar Annual General Meeting July 3, 27 Mid-term-report 27 / Conference call August 23, 27 Analyst Conference (Deutsches Eigenkapitalforum) November 14, 27 Nine-month-report 27 / Conference Call November 22, 27 Imprint TRIPLAN AG Auf der Krautweide 32 65812 Bad Soden Germany Telefon: +49 / () 61 96 / 6 92 Fax: +49 / () 61 96 / 6 92 23 www.triplan.com info@triplan.com Registergericht: Amtsgericht Königstein HRB: 5174 Vorstand: Walter Nehrbaß, Heinz Braun Conception TRIPLAN AG Investor Relations Arno Hausburg arno.hausburg@triplan.com TRIPLAN AG quarterly report Jan. 1, Mar. 31, 27 Page 18