Slide 1: Krones Q3 2025 Conference Call
Krones Q3 2025 Conference Call November 07, 2025 Christoph Klenk, CEO Uta Anders, CFO
Slide 2: drinktec exhibition in Munich from September 15-19
drinktec exhibition in Munich from September 15-19 2 Krones Conference Call November 07, 2025
Slide 3: Krones profitable growth and 2025 targets
Krones continues its profitable growth in third quarter and confirms financial targets for 2025; Krones markets are generally Revenue growth in 9 months EBITDA margin in Q3 Targets for 2025 confirmed less affected by economic 2025 by 6.0% and in line with 2025 increased from and follow the profitabl
Slide 4: Krones highlights Q1 – Q3 2025
Krones highlights Q1 – Q3 2025 €4.10 billion +6.0% 10.5% +€80 million Order intake Revenue EBITDA margin Free cash flow w/o M&A (PY €4.12 billion) €4,107 million (PY 10.1%) (PY +€145 million) 4 Krones Conference Call November 07, 2025
Slide 5: Order intake
Order intake (€ million) Order intake (€ million) Order intake increases significantly in the third quarter; pipeline is still 5,377 5,461 robust -7.0% +1.6% 1,263 1,345 − Order intake rose significantly from Q4 4,105 July to September 2025, reaching €1.3 -0.3% billion, which is 6.2% higher than in
Slide 6: Order backlog
Order backlog (€ million) Order backlog (€ million) − With a book-to-bill ratio of 1,0x in the 4,290 4,287 third quarter and after 9 months 2025, 4,122 +4.1% -0.1% the order backlog remained at its very +18.9% high level at €4.3 billion − After 9 months of 2025 the order backlog was only slightly lo
Slide 7: International customer and revenue split
Krones’ internationally balanced customer and revenue split in industrialized (51%) and emerging markets (49%) is one of its strategic strengths. Share of revenues (Q1 – Q3) Europe Eastern Europe/ Central Asia North and 29.9% Central America 28.6% 27.5% 4.7% 7.3% 7.2% 26.1% 23.3% 21.4% 2023 2024 202
Slide 8: Revenue development by quarter
Revenue development by quarter (€ million) Krones increases as expected the 5,294 revenue by 6.0% in the 9 months of +12.1% 2025 4,721 +12.2% 1,419 − Despite challenging macroeconomic 4,107 conditions, the revenue increased in 1,235 +6.0% Q3 2025 by 4.7% and mainly reflects Q4 1,381 volume effects 1
Slide 9: Krones strengthens profitability
Krones significantly strengthens profitability EBITDA (€ million) (€ million and %) EBITDA margin 30.09. in % 537.1 +17.5% EBITDA margin in 9 months 2025 at 146.0 457.3 10.5% with EBITDA at €431 million 430.7 +22.5% (+10.1%) +10.1% 125.0 − EBITDA margin for 9 months 2025 improved 142.2 significantly
Slide 10: EBT and EBT margin by quarter
EBT and EBT margin by quarter (€ million and %) EBT (€ million) EBT margin 30.09. in % 381.6 EBT margin increased in 9 months 2025 +22.9% to 7.4% vs. 7.1% prior year 106.0 − After 9 months in 2025, EBT also 310.5 302.3 increased by 10% up to €302 million +28.3% +9.7% and a EBT margin of 7.4% 75.1 96
Slide 11: Personnel and material expenses
Personnel and material expenses Q1 – Q3 (€ million and %) − As a result of an increasing number of Personnel costs Q1 – Q3 (€ million) Material costs Q1 – Q3 (€ million) employees (+6%) in the last 12 months and raised wages and salaries in 2025 the personnel costs increased by 10%. 1,909 1,966 So,
Slide 12: Krones employees worldwide
Krones employees worldwide – Germany Workforce expands 3.4% in 2025; outside of Germany headcount increased by 4.1%. Total headcount in the USA is around 1,600. Total Germany RoW 20,379 21,133 Thereof KAG 18,513 11,312 11,694 10,654 9,067 9,439 7,859 9,845 9,056 9,539 31.12.2023 31.12.2024 30.09.202
Slide 13: Revenue and EBITDA per segment (1/3)
Revenue and EBITDA per segment (1/3) Filling and Packaging Technology Revenue development Q1 – Q3 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 – Q3 − As expected, the revenue increased by 6.2%; to achieve the growth target a 3,479 stronger increase in the fourth quarter is 3,277 e
Slide 14: Revenue and EBITDA per segment (2/3)
Revenue and EBITDA per segment (2/3) Process Technology Revenue development Q1 – Q3 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 – Q3 − Revenues in the third quarter increased by 2.9% yoy. Revenue in units and components business (pumps and valves) developed well, whereas customer
Slide 15: Revenue and EBITDA per segment (3/3)
Revenue and EBITDA per segment (3/3) Intralogistics Revenue development Q1 – Q3 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 – Q3 − Despite challenging conditions on the international markets for intralogistics, revenue continued to develop well in the first 9 months 2025 and incr
Slide 16: Krones strengthens its financial position
Krones strengthens its financial position; maintaining a robust capital base is essential to manage global economic volatility − With €€363 million in Liquidity reserves Equity (€ million) and equity ratio (in %) cash and €877 million in 30.09.2025 free credit lines, Krones 2,029 holds a solid finan
Slide 17: Working Capital Q3
Working Capital Q3 (in %) Working Capital stabilized at 17.2% (vs. Working Capital of revenue Q3 Part of Working Capital in % 17.1% prior year) (%, average over four quarters) of revenue (last 12 months) − In absolute terms receivables/POC increased by 3.5%, with a revenue growth of Receivables/PoC
Slide 18: Free cash flow Q1 – Q3
Free cash flow Q1 – Q3 With an operative cash flow 9 months 2025 (€ million) 2025 2024 of €174 million the free cash flow (w/o M&A) was at €80 million Earnings before taxes (EBT) 302.3 275.6 − The positive earnings performance +/– Other non-cash changes +212.1 +166.7 contributed to €174 million in c
Slide 19: Free cash flow
Free cash flow Growth in free cash flow after 9 months Free cash flow (without M&A) in € million 2025, in line with expectations − After 9 months the free cash flow has developed as expected. Considering the 398 seasonal effects throughout the year and the traditionally strong cash generation in the
Slide 20: ROCE
ROCE − ROCE reached 19.5% in the first 9 months ROCE Q1 – Q3 2023 – 2025* in % of 2025, aligning with the full-year target range of 18% to 20%, and exceeding the 18.3% of prior year − This positive improvement is primarily 19.5 driven by an 11% increase in EBIT during 18.3 17.5 the period − The rise
Slide 21: Outlook 2025
Outlook 2025 21 Krones Conference Call November 07, 2025
Slide 22: Krones Outlook 2025 – Confirmed
Krones Outlook 2025 – CONFIRMED further growth and improvement of profitability 7% – 9% 10.2% – 10.8% 18% – 20% Revenue growth EBITDA margin ROCE There are various unpredictable factors that could affect the company’s business processes and production. These include geopolitical risks in Europe, the
Slide 23: Krones Outlook 2025 – Segment targets
Krones Outlook 2025 – Segment targets – CONFIRMED Filling and Packaging Process Intralogistics Technology Technology Revenue 7% – 9% 0% – 5% 15% – 20% growth EBITDA 10.5% – 11.0% 9.0% – 10.0% 6.5% – 7.5% margin 23 Krones Conference Call November 07, 2025
Slide 24: Mid term targets 2028
Mid term targets 2028 ~7.0 bn 5.3 bn Revenue, bn € +7% Revenue CAGR 2024 2028 target 11-13% 10.1% EBITDA margin, % +0.9-2.9 ppt EBITDA 2024 2028 target >20% 18.2% >1.8 ppt ROCE ROCE, % 2024 2028 target 24 Krones Conference Call November 07, 2025
Slide 25: Key take aways
Key take aways 1. Krones continues its path of profitable growth and significantly improving profitability 2. In the first 9 months of 2025, revenue increased by 6.0%, and the EBITDA margin reached 10.5%, so completely in line with expectations 3. With a strong order backlog of €4.3 billion, Krones
Slide 26: Questions and Answers
Questions and Answers 26 Krones Conference Call November 07, 2025
Slide 27: Conference Call Q3 2025
Conference Call Q3 2025 27 Krones Conference Call November 07, 2025
Slide 28: Thank you for your attention!
Thank you for your attention! 28 Krones Conference Call November 07, 2025
Slide 29: Financial calendar 2026
Financial calendar 2026 February 19, 2026 Conference Call Group Preliminary figures for the period from 1 January to December 31, 2025 May 8, 2026 Conference Call Group Quarterly statement for the period from 1 January to March 31, 2026 June 9, 2026 Annual General Meeting in Regensburg July 29, 2026
Slide 30: Disclaimer
Disclaimer This investor presentation contains forward-looking statements that are based on current estimates, forecasts and assumptions made by Krones AG management to the best of its knowledge and other information currently available to Krones AG. The forward-looking statements of this presentati
Slide 31: Solutions Beyond Tomorrow
SOLUTIONS BEYOND TOMORROW