VORWERK CORPORATE PRESENTATION. Status: November 22, 2018

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1 VORWERK CORPORATE PRESENTATION Status: November 22, 2018

2 Company

Company portrait 1/2 Vorwerk has been a family-owned company since its foundation in 1883.

3 Company portrait 1/2 Vorwerk has been a family-owned company since its foundation in Vorwerk stands for the direct route to the customer, a consistent commitment to service, and outstanding quality. Sales in 2017: 2.9 billion euros, Business volume 2017: 3.7 billion euros, of which 2.3 billion euros came from direct sales

Company portrait 2/2 Vorwerk has 645,461 people around the world, of whom about 60,000 are independent sales advisors in the business of selling household appliances and more than 572,000 are

4 Company portrait 2/2 Vorwerk has 645,461 people around the world, of whom about 60,000 are independent sales advisors in the business of selling household appliances and more than 572,000 are JAFRA Cosmetics Consultants Subsidiaries and distributors in more than 70 countries Partners equity: 59 percent (akf group at equity) Subsidiaries significant Distributors and Export countries

5 Corporate Structure Vorwerk Group Vorwerk Facility Management Holding KG Vorwerk Branded divisions Vorwerk Engineering

6 Executive Board The Managing Partners of the Vorwerk Group (from left to right): Frank van Oers, Reiner Strecker and Rainer Christian Genes

He first joined the Vorwerk Supervisory Board in May 2011. Dr.

7 Supervisory Board Rainer Baule has been Chairman of the Supervisory Board of Vorwerk & Co. KG since January 2013 and came to the post straight from that of CEO of Fresenius Kabi AG. He first joined the Vorwerk Supervisory Board in May Dr. Jörg Mittelsten Scheid, a member of the Vorwerk owner family, headed the company from 1966 through He went on to chair the Supervisory Board in 2006 and retained that office through 2012 before assuming his present office of Honorary Chairman.

Owner family Carl (photo) and Adolf Vorwerk found the original

was appointed Managing Partner in 1969, which post he held

8 Owner family Carl (photo) and Adolf Vorwerk found the original company, Barmer Teppichfabrik Vorwerk & Co, in Wuppertal in Dr. Erich (photo) and Werner Mittelsten Scheid take charge of the company in August Mittelsten Scheid, Carl Vorwerk s son-in-law, becomes sole Managing Partner in Dr. Jörg Mittelsten Scheid joined the Executive Board in 1966 and was appointed Managing Partner in 1969, which post he held until From 2006 until the end of 2012, he chaired the Supervisory Board, on which he continues to sit today as a member and as Honorary Chairman. Werner Mittelsten Scheid introduces direct sales in 1930.

9 Vision Our superior products and services elevate the quality of life everywhere you call home.

10 Mission We create passionate, loyal customers by simplifying homes with high-quality, long-lasting solutions. Our superior products and services come with the human touch, from the way we develop them and sell them, to the way they are used. As a trusted family business, we are committed to act in a socially and environmentally responsible way. We strive to achieve economic success as a means to ensure family ownership of Vorwerk for many generations to come. Our unique direct selling capabilities empower people across the globe, elevating lives for the better.

11 Our Principles A stubborn commitment to the highest quality Our family company takes the long view Fostering an openness to innovate Designed for human connection We create opportunity

12 Company History 1/ The brothers Carl and Adolf Vorwerk found the carpet factory Barmer Teppichfabrik Vorwerk & Co August Mittelsten Scheid joins the company 1929 Invention of the Kobold hand-held vacuum cleaner 1930 Start of the Vorwerk direct sales organization

13 Company History 2/ Dr. Erich and Werner Mittelsten Scheid take over management of the company 1966 Dr. Jörg Mittelsten Scheid joins the Executive Board 1968 akf bank is founded 1971 The original Thermomix VM 2000 is launched in France

14 Company History 3/3 2o01 Lux Asia Pacific becomes part of the Vorwerk Group 2004 JAFRA Cosmetics joins the Vorwerk Group 2009 The Kobold sales organization in Germany begins switching to a multichannel system 2011 Launch of a new Corporate Design and changeover of the Kobold vacuum cleaner products to the new design line 2015 Launch of power tools under the new brand name of Twercs

Social Committment to SOS Children s Villages The Vorwerk family-owned company set up the Vorwerk Family Fund to raise money for SOS Children s Villages.

15 Social Committment to SOS Children s Villages The Vorwerk family-owned company set up the Vorwerk Family Fund to raise money for SOS Children s Villages. To date, the concerted efforts of employees, sales advisors, the Executive Board and the owner family have raised donations to the tune of 2,200,000 euros for the fund. Vorwerk s social commitment has so far helped SOS Children s Villages in Hyderabad (India), Moín (Costa Rica) and is currently providing for Quy Nhon (Vietnam).

Social Committment Through the anstiftung & ertomis Foundation Jens Mittelsten Scheid, a member of the owner family and founding member of the

The anstiftung & ertomis foundation sponsors projects that promote independence and initiative, the peaceful coexistence of cultures, and also

16 Social Committment Through the anstiftung & ertomis Foundation Jens Mittelsten Scheid, a member of the owner family and founding member of the anstiftung & ertomis foundation, received the Deutscher Stifterpreis (German donors award) in May 2010 for his social commitment. The anstiftung & ertomis foundation sponsors projects that promote independence and initiative, the peaceful coexistence of cultures, and also scientific, charitable and cultural projects. Key focuses of the foundation are historical awareness, self-determination and a profound and lasting understanding of social prosperity.

17 Products and Services Thermomix Kobold JAFRA Cosmetics Lux Asia Pacific Twercs Temial Vorwerk flooring akf group Vorwerk Direct Selling Ventures

18 Group sales 2017: billion euros

19 Thermomix Cooking at your fingertips! Cooking with Thermomix so easy, every day. Thermomix combines twelve functions in one. The Guided Cooking innovation takes users step by step through recipes Thanks to Cook-Key, Recipe Platform Cookidoo, Thermomix App, cooking classes in Thermomix cooking studios, and the personal demonstration in the comfort of your home, you will discover the variety of recipes with success guarantee Sales 2017: EUR billion Self-employed sales advisors: about 45,000 Subsidiaries: 14 + several distributors

Kobold Kobold stands for the very best in cleaning appliances that not only

technology with an integrated odor and hygiene microfilter.

20 Kobold Kobold stands for the very best in cleaning appliances that not only meet the highest technical standards, but are extremely user friendly and look great, too. Particularly ideal for allergy sufferers, thanks to their sophisticated filter technology with an integrated odor and hygiene microfilter. First-rate consultation, even in the comfort of your own home Sales 2017: EUR 792 million Self-employed sales advisors: about 14,700 Subsidiaries: 10 + several distributors

JAFRA Cosmetics JAFRA Cosmetics is one of the world s leading manufacturers of beauty products, offering a complete range of skincare, fragrance, makeup and bath & body.

21 JAFRA Cosmetics JAFRA Cosmetics is one of the world s leading manufacturers of beauty products, offering a complete range of skincare, fragrance, makeup and bath & body. JAFRA creates beauty products and business opportunities that cater to all that women need, allowing them to explore, discover, reinvent and reveal their true potential. With the slogan freedom to be you JAFRA celebrates the unique spirit within every woman, and all the things that make her imperfectly perfect and individually beautiful. Sales 2017: EUR 364 million Self-employed sales advisors: about 572,600 Subsidiaries: 8 + several distributors

Lux Asia Pacific Lux Asia Pacific focuses primarily on high-quality water filters, vacuum cleaners, and air filters in the Asian Pacific region.

22 Lux Asia Pacific Lux Asia Pacific focuses primarily on high-quality water filters, vacuum cleaners, and air filters in the Asian Pacific region. Quality and personal consultation a key factor for our success in Asia, too. Sales 2017: EUR 25 million Sales advisors: about 700 Subsidiaries: 4 + several distributors

What s more, the tools are always ready to use because the Twercs case is a storage box and a charging station rolled

23 Twercs The Twercs case brings together four high-quality, cordless tools: hot-glue gun, drill driver, jigsaw and stapler. What s more, the tools are always ready to use because the Twercs case is a storage box and a charging station rolled into one. The package is completed by an accessories folder and an ideas book. As part of a great creative experience, the Twercs tools allow you to realize many projects yourself. And Twercs also supplies the Kreativ Kits to match.

of this world in a world of innovative products.

24 Temial Temial the new authentic tea culture experience. With the slogan Made as intended for the past 2000 years, Temial celebrates respect for tea and unites the tea cultures of this world in a world of innovative products. In addition to the innovative tea maker, the Temial world offers a selection of premium-quality, loose-leaf organic teas and a range of accessories, such as teapots and tea bowls. Launch date: May 16, 2018 Sales launch: Late summer 2018 in Germany and China

25 akf group akf bank, akf leasing, akf servicelease and ERNST factoring are reliable partners to mostly small and medium-sized enterprises. Product portfolio: Leasing or loan financing of moveable investment goods, sales financing, factoring, fleet management, secure and transparent financial investment products New business 2017: EUR 1.2 billion, Sales 2017: EUR 446 million Employees: 451 Subsidiaries: 3

Vorwerk flooring With its products, Vorwerk flooring has stood for a unique blend of superior quality, sustainable innovations and international award-winning design since 1883.

26 Vorwerk flooring With its products, Vorwerk flooring has stood for a unique blend of superior quality, sustainable innovations and international award-winning design since For more than 130 years, millions of satisfied customers have been furnishing their homes and offices with the flooring products of the old-established German manufacturer. In that time, Vorwerk has consistently redefined the limits of floor coverings and brought new products to market that lose nothing of their relevance or quality even after many years. Product development, production and quality assurance all take place at the division s headquarters in Hamelin and guarantee that the all-encompassing brand promise It s a Vorwerk! is met by perfect performance. When millions of possibilities make fulfilling millions of wishes possible. Sales 2017: EUR 58 million Employees: 381

Vorwerk Direct Selling Ventures Vorwerk Direct Selling Ventures is an investment company operating within the Vorwerk Group Investment focus: direct-to-consumer business models and

27 Vorwerk Direct Selling Ventures Vorwerk Direct Selling Ventures is an investment company operating within the Vorwerk Group Investment focus: direct-to-consumer business models and enabling technologies Investment philosophy: long-term, temporary minority shares Investment volume per investment: EUR 1 million to EUR 10 million Investments in companies in Europe and the USA

28 Made by Vorwerk

Research, Development and Production At Vorwerk,

The customer gets what he has grown to expect

29 Research, Development and Production At Vorwerk, research, development and production are united in a single enterprise. Vorwerk sets high standards in all areas. The customer gets what he has grown to expect from Vorwerk: an innovative product that is practical, useful and extraordinarily durable.

30 Vorwerk production sites Cloyes, France Production of the Thermomix TM5 Westlake, USA Research & Development for JAFRA Cosmetics Wuppertal, Germany Research & Development and the Vorwerk Group s largest production site, which turns out a range of products, including the Kobold VK200, the Thermomix TM5 and the Twercs TS100 T. Hamelin, Germany Carpet and carpet tiles production Querétaro, Mexico Production of the entire product portfolio of JAFRA Cosmetics Shanghai, China Production of other Kobold products and the Alva water purifier Production sites Subsidiaries significant Distributors and Export countries

31 Awards for Thermomix Thermomix TM5

32 Awards for Kobold Products 1/4 Kobold VK200 Upright vacuum cleaner + EB400 Automatic electric brush Kobold VK200 Upright vacuum cleaner + SP600 Vacuum Wiper Kobold VK200 Upright vacuum cleaner + HD60 Hard Floor Nozzle

33 Awards for Kobold Products 2/4 Kobold VK200 Upright vacuum cleaner + VF200 Carpet Freshener Kobold VK200 Upright vacuum cleaner + MP440 Mattress freshener + MR440 Mattress vacuumer Kobold VT300 Canister vacuum cleaner

34 Awards for Kobold Products 3/4 Kobold VR200 robot vacuum cleaner

35 Awards for Kobold Products 4/4 Kobold VG100 window cleaner Kobold VC100 handheld vacuum cleaner

36 Awards for JAFRA Cosmetics

37 Awards for Lux Asia Pacific Lux Hera air cleaner Lux Ventus air cleaner

38 Awards for Twercs Twercs TS100 T

39 Awards for Vorwerk flooring Awards and certifications for Vorwerk carpets Sustaining member Certifications for Vorwerk carpets and RE/COVER green Awards and certifications for Vorwerk carpets Awards and certifications for elastic floor covering RE/COVER green For Vorwerk carpets and RE/COVER green

40 VORWERK FACILITY MANAGEMENT HOLDING KG

HECTAS HECTAS Facility Services is a provider of

Core competencies: cleaning, supporting facility

industrial, administrative, financial, health care, and

41 HECTAS HECTAS Facility Services is a provider of high-quality infrastructural facility services. Core competencies: cleaning, supporting facility services, and security services Customers in the industrial, administrative, financial, health care, and retail and logistics sectors Sales 2017: EUR 207 million Employees: about 9,700 Subsidiaries: 3

42 Awards for HECTAS Certification for HECTAS Facility Services Certification for HECTAS Security Services

43 Vorwerk & Co. KG Corporate Communications Mühlenweg Wuppertal Germany Tel.: Fax.:

VORWERK CORPORATE PRESENTATION

VORWERK CORPORATE PRESENTATION Company Products and Services Made by Vorwerk Company Company portrait 1/2 Vorwerk has been a family-owned company since its foundation in 1883. Vorwerk stands for the direct