R&s Group Holding Ag Pref Class A · SIX:RSGN
R&s Group Holding Ag Pref Class A — R&S Group — FY2025 Earnings Presentation
37 slides from R&s Group Holding Ag Pref Class A's earnings presentation, Apr 8, 2026
Slide 1: R&S Group Full-year 2025 results
R&S Group Full-year 2025 results Presentation for investors, analysts and media 8 April 2026
Slide 2: Disclaimer
2 Disclaimer This presentation contains certain forward- Should such risks or uncertainties materialize, or looking statements. Such forward-looking should underlying assumptions prove incorrect, statements reflect the current views of actual results may vary materially from those management and are
Slide 3: Company representatives
3 Company representatives Eduardo Matthias P. Doris Terzi Weibel Rudischhauser Group CEO Group CFO Investor Relations Officer
Slide 4: Table of contents
4 Table of contents 1. Introduction and highlights 2. Full-year 2025 financials 3. Strategic progress 4. Guidance and Conclusion 5. Q&A 6. Appendix
Slide 5: Introduction and highlights
Introduction and highlights
Slide 6: Business highlights 2025
Introduction / FY2025 highlights 6 Business highlights 2025 Record order backlog Bochnia oil distribution Łódź new power transformer driven by renewables, transformer plant: Inaugurated, plant: Groundbreaking and infrastructure and data center Phase 1 of production ramp-up start of construction of n
Slide 7: Strategic highlights 2025
Introduction / FY2025 highlights 7 Strategic highlights 2025 Integration of Kyte Powertech completed Market position in key markets strengthened Capacity ramp-up Bochnia to targeted level Progress on further capacity expansion on track (new greenfield power transformers plant) Governance a
Slide 8: Full-year 2025 financials
Full-year 2025 financials > R&S
Slide 9: Key figures per December 2025 in MCHF
FY 2025 financial results 9 Key figures per 31 December 2025 in MCHF 325.7 414.8 86.7 Order backlog Net sales EBITDA +17.2 % +8.6%*) 20.9% EBITDA margin 58.1 48.1 1’328 Profit after tax Free cash flow Number of full-time equivalent 14.0 % 11.6 % employees Profit margin FCF margin *) Like for like co
Slide 10: Key figures per December 2025 in MCHF
FY 2025 financial results 10 Key figures per 31 December 2025 in MCHF Consolidated Key Financials 2025 reported 2024 reported 1 2024 adjusted 1 Change in reported figures MCHF MCHF MCHF in% Order intake 476.8 305.5 305.5 56% Order backlog 325.7 278.0 278.0 17% Net sales 414.8 282.6 282.6 47% EBITDA
Slide 11: Consolidated profit & loss statement
FY 2025 financial results 11 Consolidated profit & loss statement A Net sales - Higher net sales compared to prior year with power and cast resin transformers A - Slightly higher share of sales in Western Europe and Asia B - FX impact of -1.1% (stronger PLN not fully offsetting negative impact of we
Slide 12: Continued positive market momentum leads to high order intake
FY 2025 financial results 12 Continued positive market momentum leads to high order intake MCHF ▪ Monthly book-to-bill ratio has been > 1 for the last 12 months, providing visibility and a positive outlook for the future. ▪ Continuous high monthly order intake from key markets (especially Poland, It
Slide 13: Sales mix by country (I)
13 FY 2025 financial results Sales mix by country (I) ▪ R&S Group has a balanced sales mix by country but also by product group. ▪ Positive sales mix (see pie chart on the right side) with 78% net sales in Western Europe (vs. 72% throughout 2024). ▪ With additional capacities, further expansion of m
Slide 14: Sales mix by country (II)
FY 2025 financial results 14 Sales mix by country (II) R&S Group sales mix FY2024 by country (%) R&S Group sales mix FY2025 by country (%) (4 months of Kyte only) Switzerland Italy UK Poland Germany Other Europe Ireland Middle East Nordics Baltics Czech Republic France RoW Asia
Slide 15: Healthy profitability despite portfolio effect from Kyte acquisition
FY 2025 financial results 15 Healthy profitability despite portfolio effect from Kyte acquisition MCHF ▪ Due to Kyte’s greater vertical integration, the Group’s gross margin (value added) reduced to 46% following the acquisition. ▪ This was expected and had been communicated. ▪ The Group has success
Slide 16: Solid operational cash flows generated
FY 2025 financial results 16 Solid operational cash flows generated MCHF Cash Flow from Operations continuingly Akquisition increased compared to previous year von Kyte and reached a new record in Q4/2025. Overall CHF 65.9 Mio cash generated. 21.4 MCHF Required Net Working Capital in 2025 Advance pa
Slide 17: Non-Financial Report 2025 – Group Key Targets
Sustainability 17 Non-Financial Report 2025*) – Group Key Targets 33% reduction of Operation Carbon (Scope 1 & 2) by 2033 1 Net-Zero by 2050 2 Achieve Group ESG Rating (EcoVadis) by Q4 2026 3 Conform to frequently changing regulatory requirements 4 *) Separately published report
Slide 18: Impact Materiality
Sustainability 18 DMA Result: R&S Group Material Topics *) PLANET Human and Labour Rights Decent Work & in the supply chain Social Dialogue Climate change Customer Health & Safety Biodiversity and ecosystem Climate change Transparent Resource use and Clean Energy & Efficiency Communication circular
Slide 19: Our Path to Sustainability - ESG Roadmap (2026–2028)
Sustainability 19 Our Path to Sustainability - ESG Roadmap (2026–2028) Completed In progress Yet to start Yet to start TCFD & climate risk Groupwide Ecovadis ISO 22301, 26000, Annual ESRS assessment, Double rating; Continuing 27001, 31000, 37001 reporting, EURD & Materiality of ISO 50001 & introduce
Slide 20: Strategic progress
Strategic =) fl: |¢-1 5 > R&S
Slide 21: Capturing structural demand for long-term value creation
Strategic progress 21 Capturing structural demand for long-term value creation Structural growth market Scalable set-up in the Go-to-market capturing sweet spot high growth and high margin Transformer demand is structural and Close customer proximity, international R&S targets the right product x cu
Slide 22: Structural megatrends drive sustained transformer demand
Strategic progress 22 Structural megatrends drive sustained transformer demand Demand Growth Massive investments in grid reinforcement after decades of energy-saving initiatives 1 MW of new power capacity leads to at least ~3 MVA in Decarbonisation Expansion of renewables, e-mobility, transformer ca
Slide 23: Product portfolio positioned to address attractive customer segments
Strategic progress 23 Product portfolio positioned to address attractive customer segments R&S Group key products Customer segments served Oil-immersed Industry Distribution Transformers (ODT) Ship & Harbor Industrial parks Datacenters up to 36 kV, 10 MVA Infrastructure Cast Resin Distribution Trans
Slide 24: Winning in the sweet spot combining international footprint with customer proximity
Strategic progress 24 Winning in the sweet spot combining international footprint with customer proximity ▪ Close customer proximity in focus market segments ▪ Robust operational footprint with nine facilities providing scale advantage over local players ▪ Right-sized with agility advantage over con
Slide 25: Driving profitability with the right product-customer focus in each market
Strategic progress 25 Driving profitability with the right product-customer focus in each market Product Customer segment Focus on high growth and high Examples: margins ▪ Gain market share with CRT in harbor electrification in Southern Europe ▪ Increase market share with Market Power Transformers i
Slide 26: Strategic levers translating growth into strong profitability and cash generation
Strategic progress 26 Strategic levers translating growth into strong profitability and cash generation Focus: Market segmentation & targeting high-margin and high-growth (Country x Product x Customer) Go-to-Market Actions: Oil DTs: Grow with Utilities markets, diversify to Data Centers, BESS and PV
Slide 27: Execution priorities 2026: a lot to be achieved this year
Strategic progress 27 Execution priorities 2026: a lot to be achieved this year Oil DT plant in Bochnia/PL: Continued ramp up PT plant in Łódź/PL: Construction on track, SoP planned Q4 2026, first deliveries in 2027 CRT expansion in Abu Dhabi/UAE, Italy and Poland Oil DT factory in Cavan/IR (Kyte):
Slide 28: Guidance and Conclusion
Guidance and Conclusion a R&S
Slide 29: Capacity expansion for accelerated growth starting in 2027+
Guidance and conclusion 29 Capacity expansion for accelerated growth starting in 2027+ Capex planning 2026 2027 2028 Cash Capex for mainentance and expansion in % of net sales (approx.) 7.0% ≈3.5% ≈3.0% New groupwide ERP in % on net sales (approx.) 1.0% 1.0% Investment waves Ramp-up of new Oil DT pl
Slide 30: Continued profitable growth while investing for future capacity
Guidance and conclusion 30 Continued profitable growth while investing for future capacity Mid-term outlook * Commentary ▪ Mid-term organic growth rate in reporting currency CHF Net sales growth 8%-12% ▪ Structural demand supported by electrification, decarbonization, decentralization and grid renew
Slide 31: Well-positioned to convert structural demand into sustained value creation
Guidance and conclusion 31 Well-positioned to convert structural demand into sustained value creation Structural growth market Differentiated market strategy capturing high growth and high margins Focused execution, operational excellence, disciplined capital allocation People and culture, proven le
Slide 32: Appendix
Appendix
Slide 33: Consolidated profit & loss statement
FY 2025 financial results 33 Consolidated profit & loss statement A Net sales - Higher net sales compared to prior year with power and cast resin transformers A - Slightly higher share of sales in Western Europe and Asia B - FX impact of -1.1% (stronger PLN not fully offsetting negative impact of we
Slide 34: Consolidated Balance Sheet as of 31 December 2025
FY 2025 financial results 34 Consolidated Balance Sheet as of 31 December 2025 A B B E B C D D EE A Increased cash balance (+9.3%) due to strong cash conversion and higher advance payments from customers. Particularly strong cash flows in H2 2025 after self- financing of a payout of dividend from th
Slide 35: Consolidated Cash Flow Statement as of 31 December 2025
FY 2025 financial results 35 Consolidated Cash Flow Statement as of 31 December 2025 A Strong increase driven by higher volume and profitability. «Other non-cash items» include receivables of 4.5 MCHF from the disposal of the non-core electrical switches & connectors business in December 2025. A B C
Slide 36: Financial calendar | Contact
Shareholder information 36 Financial calendar | Contact Financial Calendar Annual General Meeting 7 May 2026 Trading update half-year 2026 5 August 2026 Semi-annual Report 2026 16 September 2026 Capital Markets Day, Łódź/PL 4 November 2026 Contact Investor and Media Relations Doris Rudischhauser Pho
Slide 37: We guarantee energy
=x s R&S We guarantee energy