Slide 1: 2025/26 Results
2025/26 Results Till Reuter, CEO René Peter, CFO
Slide 2: Business highlights
New picture Business highlights Till Reuter, CEO 1 September 2026 2
Slide 3: Milestone reached - setting the stage for next chapter
Business highlights Milestone reached - setting the stage for next chapter Targeted go -to -market Adj. EBITDA margin of 16.1% Ownership structure delivering results achieved for the first time , margin simplification Global verticals approach gaining expansion in both business Steps to simplify leg
Slide 4: Two years of consistent delivery and disciplined execution
Business highlights Two years of consistent delivery and disciplined execution Elevate Performance Reduce complexity Innovate & Grow S4G overachieved Active portfolio management Focused and targeted go - to - market savings of CHF 235m realized, 4 divestments & exit from Russia strengthened vertical
Slide 5: Driving growth through a focused and targeted approach
Business highlights Driving growth through a focused and targeted approach American Airlines New Aker hospital DFW hub, US Norway Airports Healthcare Frankfurt, Munich, Strategic partnership Düsseldorf airports, Germany With two major healthcare systems, US >7.000 clients >35 project wins in the las
Slide 6: Expanding through targeted acquisitions
Business highlights Expanding through targeted acquisitions Access Solutions service for Access Automation automatic doors United States Germany January 2026 December 2025 Key & Wall Solutions Access Solutions Movable Walls Germany Access Control / Access Control United Kingdom July 2025 Lodging sys
Slide 7: Building momentum to accelerate US growth
Business highlights Building momentum to accelerate US growth Organic First transactions +5.5% New leadership established Critical product gaps closed Access Control bolt -on +1.0% Strengthened go - to - market in key verticals H1 25/26 H2 25/26 + Access bolt -on Automation Hardware Automatics Acces
Slide 8: Organic growth while unlocking the margin potential
Business highlights Organic growth while unlocking the margin potential +3.0% 16.1% 12.5% Organic net sales growth Adj. EBITDA margin Adj. op. cash flow margin +60 bps +80 bps 1 September 2026 8
Slide 9: First time adj. EBITDA margin of 16.1% – milestone reached
Business highlights First time adj. EBITDA margin of 16.1% – milestone reached Savings delivered CHF 235 m 16.1% Cumulative from FY 2023/24 15.5% 14.7% + 13.5% 13.5% Well onWell track on track by 2027/28by 2027/28 CHF 40 m CHF 40 m Commercial transformation Commercial transformation 10mm CHF 10 CHF
Slide 10: Transforming today, innovating for tomorrow
Business highlights Transforming today, innovating for tomorrow EasyAssist System Argus Air XS Ambiance Cloud Skyra Door closer with electric opening & Ultra compact electronic gate for Cloud -based hotel access Cloud and API -based access solution closing assistance automated passenger access manag
Slide 11: Financial performance
Financial performance René Peter, CFO 1 September 2026 11
Slide 12: Delivering growth, margin expansion & solid cash
Financial performance Delivering growth, margin expansion & solid cash CHF 2,792.4m +60 bps +40 bps + 3.0 % 16.1 % 31.0 % Net sales Adj. EBITDA margin ROCE -1.5% +80 bps -0.0% CHF 185.2 m 12.5 % CHF 358.1 m Net profit Adj. operating cash flow margin Net debt 1 September 2026 12
Slide 13: Organic growth fueled by pricing & volume recovery in H2
Financial performance Organic growth fueled by pricing & volume recovery in H2 2,870.1 -4.9% +0.4% 2,792.4 +0.4% +2.6% 11.1 -1.0% 2,700.3 - 141.7 70.2 - 28.1 10.8 +3.0 % organic growth FY 2024/25 Currency Divested / Currency / Volume Price Acquisitions FY 2025/26 translation discontinued divestment
Slide 14: Organic growth & margin expansion in both segments
Financial performance Organic growth & margin expansion in both segments Net sales CHF 2,792.4m Access Solutions - growth by market Access Solutions KWO Total change o/w organic Net sales (CHF m) 2,377.2 468.6 Organic +4.6% +4.8% growth 2 +3.1% +2.2% +3.3% +2.7% +3.4% +3.5% +1.3% Adj. EBITDA 16.7% 2
Slide 15: Price increase and cost savings drive adj. EBITDA margin
Financial performance Price increase and cost savings drive adj. EBITDA margin 15.5% 16.1% 445.0 31.6 449.0 -2.0 418.0 1.4 -24.8 -2.2 FY 2024/25 Currency Divested / Currency / Volume Price over cost 1) Acquisitions FY 2025/26 translation discontinued divestment adjusted In CHF m % Adj. EBITDA margin
Slide 16: Broad-based Profit & Loss improvement
Financial performance Broad -based Profit & Loss improvement FY 2025/26 FY 2024/25 Change In CHF m Adjusted IAC 1 Reported Adjusted (adjusted) Net sales 2,792.4 2,792.4 2,870.1 -2.7% Gross margin 1,167.8 -12.3 1,155.5 1,193.1 -2.1% Gross margin % 41.8% 41.4% 41.6% +20+30bps bps Functional expenses 8
Slide 17: Building momentum in cash generation
Financial performance Building momentum in cash generation FY 2025/26 FY 2024/25 Change In CHF m Adj. EBITDA 449.0 445.0 +4.0 Change in NWC (excl. IAC) -4.5 -12.2 +7.7 Change in other assets/liabilities (excl. IAC) -18.1 4.9 -23.0 Financial expenses paid, net -33.0 -37.9 +4.9 Tax expenses paid, net
Slide 18: Maintaining strong financial profile
Financial performance Maintaining strong financial profile 1.9x Net debt stable year -on - year at CHF 358.1m 1.6x 1.1x Strong balance sheet with leverage ratio of 0.8x 0.8x 0.8x S&P Global Ratings assigned a first -time investment grade rating of FY 21/22 FY 22/23 FY 23/24 FY 24/25 FY 25/26 BBB wit
Slide 19: ROCE: creating value, year after year
Financial performance ROCE: creating value, year after year 31.0% 30.6% Net debt reduced to CHF 458.1m ( -1.8%) 29.0% S&P Global Ratings 25.1% assigned a first -time 24.4% investment grade rating of BBB with a stable outlook FY 21/22 FY 22/23 FY 23/24 FY 24/25 FY 25/26 1 September 2026 19
Slide 20: Attractive shareholder remuneration
Financial performance Attractive shareholder remuneration Board proposes a dividend of CHF 0.95 (increase of 3.3% ) per share at Annual General Meeting on October 20 th , 2026 Dividend to be paid out of statutory retained earnings of the parent entity 1 September 2026 20
Slide 21: Leading in Sustainability
Financial performance Leading in Sustainability Good progress External recognition EcoVadis “Platinum” Placing the company among the top 1% of >150,000 companies assessed for sustainability People Climate Waste CDP Climate A List & - 40% - 26% - 74% Leadership in climate transparency and action Reco
Slide 22: Outlook
New picture Outlook Till Reuter, CEO 1 September 2026 22
Slide 23: Outlook 2026/27
Outlook Outlook 2026/27 >3% >11% 10.5 -11.5% Organic net sales growth Operating profit margin Operating cash flow margin All targets provided for 2026/27 are based on IFRS18 1 September 2026 23
Slide 24: Upcoming Events & Contact
Upcoming Events & Contact Annual General Meeting Q1 Trading Update Capital Markets Day Half year results 2026/27 20 October 2026 28 October 2026 18 November 2026 2 March 2027 dormakaba Investor Relations: investor@dormakaba.com 1 September 2026 24
Slide 25: Annex
dormakaba Annex
Slide 26: Access Solutions - Net sales FY & H2 2025/26
Annex Access Solutions - Net sales FY & H2 2025/26 2,440.7 57.0 11.1 2,377.2 -4.8% 116.1 12.6 +2.5 % +0.5% -1.2% 2,296.5 - 116.1 +0.5% - 28.1 +3.0 % organic growth FY 2024/25 Divested / Currency / Volume Price Acquisitions FY 2025/26 discontinued divestment adjusted 1,235.7 28.0 8.3 1,216.1 -4.6% 12
Slide 27: Key & Wall Solutions and OEM - Net sales FY & H2 2025/26
Annex Key & Wall Solutions and OEM - Net sales FY & H2 2025/26 488.4 -6.0 % 13.1 0.0 468.6 0.0 459.0 2.9 % -0.8 % - 29.4 - 3.5 +2.1 % organic growth FY 2024/25 Currency Divested / Currency / Volume Price Acquisitions FY 2025/26 translation discontinued divestment adjusted 242.3 7.9 0.0 240.0 -6.2 %
Slide 28: Net Sales bridge H2 2025/26
Annex Net Sales bridge H2 2025/26 1,448.8 -4.8% +0.6% 1,429.7 +1.4% +2.6% 8.3 -0.8% 1,367.2 - 70.1 - 11.5 36.0 18.2 +4.0 % organic growth H2 2024/25 Currency Divested / Currency / Volume Price Acquisitions H2 2025/26 translation discontinued divestment adjusted Net sales, in CHF m 1 September 2026 2
Slide 29: Adj. EBITDA bridge H2 2025/26
Annex Adj. EBITDA bridge H2 2025/26 15.8% 16.6% 19.3 237.1 228.9 -1.1 0.3 216.6 2.3 -12.6 H2 2024/25 Currency Divested / Currency / Volume Price over cost 1) Acquisitions H2 2025/26 translation discontinued divestment adjusted In CHF m % Adj. EBITDA margin 1) Price over cost is defined as the sum of
Slide 30: IFRS restatement - preliminary FY2025/26 impact
Annex IFRS restatement - preliminary FY2025/26 impact FY 2025/26 In CHF m Swiss GAAP FER IFRS impact IFRS Net Sales 2,792.4 34.5 2,826.9 Operating Profit 286.5 -2.6 283.9 Operating Profit margin 10.3% -30bps 10.0% Net Profit 185.2 8.7 193.9 Operating cash flow 289.7 34.5 324.2 Operating cash flow ma
Slide 31: Disclaimer
Disclaimer This communication contains certain forward -looking statements including, but not limited to, those using the words “believes”, “assumes”, “expects” or formulations of a similar kind. Such forward -looking statements reflect the current judgement of the company, involve risks and uncerta