Kion Group Ag · XETR:KGX
Kion — Q1 2025 Earnings Presentation
25 slides from Kion's earnings presentation, Apr 30, 2025
Slide 1: KION GROUP AG Q1 2025 Update Call
KION GROUP AG Q1 2025 Update Call Rob Smith (CEO), Christian Harm (CFO) Frankfurt, 30 April 2025
Slide 2: Agenda
Agenda 1. Summary Q1 2025 & Business Update 2. Financial Update 3. Outlook 2025 & Key Takeaways 2 KION GROUP AG | Q1 2025 Update Call | 30 April 2025
Slide 3: Q1 2025 Key Financial Figures
Q1 2025 Key Financial Figures Solid customer demand amidst increasing global geopolitical uncertainties Order intake Revenue Adj. EBIT1 Free cash flow EPS €2.7bn €2.8bn €196m €30m -€0.36 +11% yoy -2% yoy -14% yoy -€36m yoy (PY: €0.83) 7.0% adj. EBIT Margin -90bp yoy Good start to the year, in line w
Slide 4: Business Update Q1 2025: Highlights from Key Trade Fairs
Business Update Q1 2025 Highlights from Key Trade Fairs Linde and STILL present physical AI KION presents AI Control Tower Dematic features innovative and mobile automation solutions at at NVIDIA GTC in San José, Supply Chain Solutions at LogiMAT in Stuttgart, Germany California ProMat in Chicago, I
Slide 5: Agenda
Agenda 1. Summary Q1 2025 & Business Update 2. Financial Update 3. Outlook 2025 & Key Takeaways 5 KION GROUP AG | Q1 2025 Update Call | 30 April 2025
Slide 6: ITS – Key Financials
ITS – Key Financials Adj. EBIT and adj. EBIT margin impacted mainly by lower volumes 1 Change Change (in €m) Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 yoy qoq Order intake (in ‘000 units) 59.3 63.9 51.7 70.0 65.2 +10% -7% Order intake 1,804 1,966 1,797 2,199 1,958 +9% -11% Order book 2,877 2,602 2,321
Slide 7: SCS – Key Financials
SCS – Key Financials Service drives order growth and continued improvement in profitability 1 Change Change (in €m) Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 yoy qoq Order intake 642 677 636 624 756 +18% +21% of which E-commerce (%)2 38% 61% 30% 57% 42% - - Order book 2,778 2,732 2,542 2,424 2,375 -15
Slide 8: KION Group – Key Financials
KION Group – Key Financials Solid customer demand amidst increasing global geopolitical uncertainties 1 Change Change (in €m) Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 yoy qoq Order intake 2,439 2,640 2,427 2,815 2,706 +11% -4% Order book 5,588 5,272 4,804 4,635 4,430 -21% -4% Revenue 2,859 2,877 2,69
Slide 9: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income Net income significantly impacted by expenses for efficiency program Q1 Q2 Q3 Q4 Q1 Change Change (in €m) 2024 2024 2024 2024 2025 yoy qoq Comments Adj. EBITDA 474 474 471 526 459 -3% -13% D&A -248 -254 -251 -275 -263 -6% +4% 1 Non-recurring items include Adj. EBIT 227
Slide 10: Cash Flow Statement
Cash Flow Statement FCF impacted by usual seasonal increase in NWC Free cash flow Q1 2025 Comments (in €m) -28 125 98 1 Net working capital reflects -57 -85 usual seasonality 133 30 1 2 -10 -22 -65 -36 0 -1 2 Higher provisions for the EBIT D&A on NWC Taxes and Net change CF from Operating Others Fre
Slide 11: Net Debt
Net Debt Stable leverage ratios Indebtedness and leverage1 ratios as at 31 March 2025 Comments (in €m) 1 1.3x 1 Leverage ratios remained unchanged despite slight 2,499 increase in net financial debt 768 Liab. from procurement leases 1 1 0.5x 0.5x 782 Liab. from STR 913 949 financing 36 949 Net finan
Slide 12: Agenda
Agenda 1. Summary Q1 2025 & Business Update 2. Financial Update 3. Outlook 2025 & Key Takeaways 12 KION GROUP AG | Q1 2025 Update Call | 30 April 2025
Slide 13: Outlook for 2025 confirmed
Outlook for 2025 confirmed Subject to no significant deterioration in the overall economic environment The KION Group has made a good start to fiscal year 2025, in line with its expectations. Looking ahead, the economic environment is characterized by considerable uncertainty Due to the escalati
Slide 14: FY 2025 Outlook
FY 2025 Outlook “Look-through” year for ITS while SCS to improve further on self-help measures KION Group Industrial Trucks & Services Supply Chain Solutions (in €m) FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 Actuals Outlook Actuals Outlook Actuals Outlook Revenue 11,503 10,900 – 11,700 8,609 8
Slide 15: Key Takeaways
Key Takeaways Good start to fiscal year 2025, in line with our expectations. Looking ahead, the economic environment remains characterized by considerable uncertainty KION’s innovative AI and automation solutions are well received by customers We have prepared for shifting current geopolitical scena
Slide 16: Q & A Session
Q & A Session 16 KION GROUP AG | Q1 2025 Update Call | 30 April 2025
Slide 17: Appendix
Appendix 17 KION GROUP AG | Q1 2025 Update Call | 30 April 2025
Slide 18: Assumptions for Outlook 2025
Assumptions for Outlook 2025 Market expectations (measured in order intake) Industrial truck market in units to grow slightly year-on-year across all regions – slowdown of growth in EMEA and stable growth rates in APAC compared to 2024e. In Americas, market recovery is expected. However, in value
Slide 19: FY 2025 Expectation – Housekeeping Items
FY 2025 Expectation – Housekeeping Items Non recurring items¹ Non Operating Capex² ... between -€240m to -€275m ... between -€400m to -€450m PPA ... around -€85m to -€90m R&D spending³ ... Around 3% of group revenue Net Financial expenses … between -€170m to -€190m Dividend policy … 25% to 40% of co
Slide 20: Key Financials
Key Financials Group figures Industrial Trucks & Services Supply Chain Solutions Q1 FY Q4 Q3 Q2 Q1 FY Q1 FY Q4 Q3 Q2 Q1 FY Q1 FY Q4 Q3 Q2 Q1 FY (in €m) 2025 2024 2024 2024 2024 2024 2023 2025 2024 2024 2024 2024 2024 2023 2025 2024 2024 2024 2024 2024 2023 Order intake1 2,706 10,321 2,815 2,427 2,64
Slide 21: Leverage Development and Maturity Profile
Leverage Development and Maturity Profile Leverage ratios on low level of prior quarter Leverage development1,2 Maturity profile and free liquidity as at 31 March 2025 (in €m) 3.2x Self-help returns leverage ratios to levels even lower than last seen post Dec. 2020 capital increase 4.0 3.5 2.3x 2,13
Slide 22: ITS Order Intake
ITS Order Intake Share of electrified products at 93% in Q1 2025 Development of KION ITS segment Change Order intake Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Change yoy Change qoq FY 2021 FY 2022 FY 2023 FY 2024 yoy Order intake (in ‘000 units) 59.3 63.9 51.7 70.0 65.2 +10% -7% 299.4 268.2 241.7 245.
Slide 23: Industrial Truck Market and ITS Order Intake
Industrial Truck Market and ITS Order Intake KION global market FY 2024 share slightly below PY level Industrial Truck Market1 Development of KION ITS segment Regional growth Region Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 (Change in units Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 (Change in un
Slide 24: Financial Calendar
Financial Calendar Date Event 14 May 2025 KION @ Kepler Cheuvreux Virtual SMID CEO-CFO Week 20-21 May 2025 KION @ Berenberg European Conference, New York City, USA 20 May 2025 KION @ Bernstein The Nice Conference, Nice, France 27 May 2025 Annual General Meeting, Frankfurt, Germany 28 May 2025 KION @
Slide 25: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”, and together with its consolidated subsidiaries, the "KION Group") solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral p