Aebi Schmidt Holding Ag · NASDAQ:AEBI
Aebi Schmidt — Q1 2026 Earnings Presentation
33 slides from Aebi Schmidt's earnings presentation, May 14, 2026
Slide 1: Q1 2026 Earnings Call
Q1 2026 Earnings Call May 14, 2026 public
Slide 2: Today’s presenters and agenda
Today’s presenters and agenda 1 Highlights 2 North America Barend Fruithof Marco Portmann Group CEO Group CFO 3 Europe and Rest of World (RoW) 4 Q1 2026 Financials 5 Outlook & Concluding Remarks Henning Schröder Steffen Schewerda CEO Europe and CEO North America Rest of World Q1 2026 Earnings Call
Slide 3: Safe Harbor: Basis of presented financials and forward-looking statements
Safe Harbor: Basis of presented financials and forward-looking statements Basis of presented financials ▪ Financial results up until June 30, 2025, provided as basis for comparison to our first quarter 2026 performance, include results for Aebi Schmidt and The Shyft Group on a combined basis inclusi
Slide 4: Highlights
Highlights Barend Fruithof, Group CEO public
Slide 5: Q1 2026 marked by strong order momentum, increased sales and profitability
Q1 2026 marked by strong order momentum, increased sales and profitability, especially in Europe and Rest of World Q1 2026 top 5 achievements From integration to execution — building the foundation for a $3B company +9% +23% +7% +6% +7% Q1 2026 End of Q1 2026 Q1 2026 Q1 2026 Q1 2026 Order Intake Ord
Slide 6: Q1 2026 operational and commercial performance positions Aebi Schmidt for strong 2026
Q1 2026 operational and commercial performance positions Aebi Schmidt for strong 2026, on track to deliver full-year guidance Q1 2026 performance ▪ Participation in Work Truck Week marked the debut of new products and brand architecture, simplifying 20+ brands to eleven and eliciting positive custom
Slide 7: North America
North America Steffen Schewerda, CEO North America public
Slide 8: Strong Order Intake across markets supports growth expectations
Strong Order Intake across markets supports growth expectations, with integration progressing on commercial trucks North America Market Update Airport and Chassis ▪ More than $30m in awarded airport customer contracts for MB brands ▪ Yeti partnership advancing airport and winter fleet automation in
Slide 9: Growing order momentum setting the stage for strong Walk-in-Van conversion in Q2
Growing order momentum setting the stage for strong Walk-in-Van conversion in Q2 North America Financials ($m) Backlog ($m) 885 1’031 1’056 819 833 +29.0% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 ▪ Continued momentum in Order Intake and Order Order Intake ($m) Backlog driven by Airport/Chassis and Mu
Slide 10: Europe and Rest of the World (RoW)
Europe and Rest of the World (RoW) Henning Schröder, CEO Europe and Rest of World public
Slide 11: Continued growth driven by Airport and Municipal, with After Sales delivering strong profitability
Continued growth driven by Airport and Municipal, with After Sales delivering strong profitability Europe and RoW Market Update Airport ▪ Expecting larger tenders in 2026, especially from major civil and military airports ▪ Landmark €40m strategic win with Aéroports de Paris, for up to 29 airport ma
Slide 12: Strong momentum carried into Q1 2026, driven by solid volume execution and margin expansion
Strong momentum carried into Q1 2026, driven by solid volume execution and margin expansion, supporting the ongoing improvement trajectory Europe and RoW Financials ($m) Backlog ($m) 206 235 243 201 181 -2.2% ▪ Backlog stabilized in Q1 2026 following strong Q4 2025 net sales, returning to a more man
Slide 13: Q1 2026 Financials
Q1 2026 Financials Marco Portmann, Group CFO public
Slide 14: Solid order momentum underpinning consistent backlog growth despite market challenges
Solid order momentum underpinning consistent backlog growth despite market challenges Order intake and backlog ($m) Order intake ($m) +9.1% ▪ Order intake increased 9% year-over-year, with 632 466 444 518 126 508 significant growth in Europe and RoW 130 143 127 134 506 ▪ Main drivers remain Airport/
Slide 15: Net Sales in line with Q1 2025 with like-for-like growth of 7%
Net Sales in line with Q1 2025 with like-for-like1 growth of 7%, demonstrating resilience in a challenging environment Net Sales ($m) Net Sales ($m) +6.6%1 +0.4% 528 ▪ Net Sales in line with Q1 2025 against a challenging 471 environment, with like-for-like1 growth of 7% 454 454 456 183 ▪ Outstanding
Slide 16: Solid profitability growth, maintaining strong momentum toward 2026 target
Solid profitability growth, maintaining strong momentum toward 2026 target with an expected stronger second half of the year Adjusted EBITDA ($m) Adjusted EBITDA ($m) +6.0% ▪ Adjusted EBITDA of $33.1m or 7.3% margin, up 6.0% 48.1 year-over-year with a 40 basis-point margin 42.2 31.2 34.5 7.9 18.1 33
Slide 17: Solid working capital improvement; leverage stable at 2.88x
Solid working capital improvement, balancing growth investments with underlying efficiency gains; leverage stable at 2.88x Net Working Capital and Net Debt ($m) Net Working Capital ($m) -1.0% ▪ Net Working Capital (NWC) of $449m, improved by 466 $4m year-over-year 453 451 423 449 88 61 67 76 69 ▪ Wo
Slide 18: Outlook & Concluding Remarks
Outlook & Concluding Remarks Barend Fruithof, Group CEO public
Slide 19: Q1 performance aligned with expected stronger second half, reinforcing 2026 outlook
Q1 performance aligned with the expected stronger second half of the year versus the first half, reinforcing our 2026 outlook and full-year trajectory Financial outlook 2026 Commentary Net Sales ($m) ▪ Strong Q1 performance ~55% $1.95 to $2.15b ▪ Exceptional performance in Europe and RoW ~45% ▪ Soli
Slide 20: Execution Priorities Supporting Full-Year Guidance
Execution Priorities Supporting Full-Year Guidance North America Europe and Rest of World ▪ Accelerate backlog conversion and revenue realization ▪ Implement factory efficiency programs ▪ Walk-in-Van orders to drive revenue growth starting Q2 2026 ▪ Former Arctic Machine production in the Nordics fu
Slide 21: Aebi Schmidt Group confirms full-year 2026 guidance
Aebi Schmidt Group confirms full-year 2026 guidance Guidance and Summary FY2026 Guidance ✓ Strong order intake growth of 9% vs Q1 2025 and further expanding backlog Sales North America set for significant growth beginning in Q2 2026, supported $1.95 to $2.15b ✓ by strong order momentum, optimized fo
Slide 22: Thank you for your time and interest!
Thank you for your time and interest!
Slide 23: Appendix 1: Supplemental Financial Information
Appendix 1: Supplemental Financial Information public
Slide 24: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures To supplement its reporting of financial measures determined in accordance with generally accepted accounting principles in the United States ("GAAP"), Aebi Schmidt utilizes certain non-GAAP financial measures. Aebi Schmidt utilizes Adjusted EBITDA, Adju
Slide 25: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Aebi Schmidt Group - Combined Financial Summary (Non-GAAP, unaudited) - (in thousands) Financial results up until June 30, 2025, provided as basis for comparison to our first quarter 2026 performance, include results for Aebi Schmidt and The Shyft Group
Slide 26: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Aebi Schmidt Group - Combined Financial Summary (Non-GAAP, unaudited) - (in thousands) Financial results up until June 30, 2025, provided as basis for comparison to our first quarter 2026 performance, include results for Aebi Schmidt and The Shyft Group
Slide 27: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Aebi Schmidt Group - Combined Financial Summary (Non-GAAP, unaudited) - (in thousands) Financial results up until June 30, 2025, provided as basis for comparison to our first quarter 2026 performance, include results for Aebi Schmidt and The Shyft Group
Slide 28: Appendix 2: Company Information
Appendix 2: Company Information public
Slide 29: Aebi Schmidt Group is the trusted global partner in specialty vehicles
Aebi Schmidt Group is the trusted global partner delivering intelligent, cutting-edge solutions in targeted markets of the specialty vehicles industry Represented by our own sales and service organizations in 17 countries and through established partners in more than 90 further countries. Manufactur
Slide 30: Commanding leadership positions across all business lines and markets
Commanding leadership positions across all business lines and markets, which remain key targets for Aebi Schmidt's continued growth Business Line Airport & Chassis Commercial Trucks Goods Transport Municipal Agriculture Value Keeping Airport Runways Providing Custom Truck Manufacturing Walk-In Vans
Slide 31: Aebi Schmidt has grown organically and through successful acquisitions
Aebi Schmidt has grown organically and through successful acquisitions 1883 (founding year) 2007 2015 2018 2020 2021 2024 2025 M&A history +18.3% 1,907 Historical CAGR sales 1,016 1,086 develop- 896 ment 580 572 532 354 380 455 473 ($m) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source:
Slide 32: The Group has become an industry leader with a very strong balance sheet
The Group has become an industry leader with a very strong balance sheet Equity 2.2 1.9 1.6 1.6 1.5 1.2 >$800m Net Sales (~40%) 2025 FY 0.6 ($b) The combined company has a strong balance sheet with an equity of over $800m, representing an equity ratio of approximately 40%. Source: Company Informatio
Slide 33: Aebi Schmidt is well-positioned to accelerate growth toward becoming a $3b company
Aebi Schmidt is well-positioned to accelerate growth toward becoming a $3b company, leveraging its unique strengths Merger Execution Scale and Presence Customer Centricity Excellence ▪ Scaled-up global specialty vehicles leader ▪ Expanded portfolio, shared innovation, and ▪ Positioned to achieve ann