Slide 1: Half-Year Results 2025
Half-Year Results 2025 MBB SE 14 August 2025
Slide 2: MBB offers long-term succession solutions to sustainable Mittelstand companies
MBB offers long-term succession solutions to sustainable Mittelstand companies Family business Founded in 1995 and family-owned for the long term Capital Markets Extraordinary growth and value creation potential due to capital market access Long-term focus Long-term investment horizon without intent
Slide 3: H1 2025 was marked by strong top- and bottom-line growth
H1 2025 was marked by strong top- and bottom-line growth Revenue Adj. EBITDA +17 % 12,0% 14,1% 546 + 49 % 467 +37 % 76 56 H1/24 H1/25 H1/24 H1/25 in €m in €m 3
Slide 4: Q2 2025 contributed especially to the bottom-line
Q2 2025 contributed especially to the bottom-line Revenue Adj. EBITDA +9 % 12,8% 16,4% 285 + 49 % 262 +40 % 46 33 Q2/24 Q2/25 Q2/24 Q2/25 in €m in €m 4
Slide 5: Q2 was driven by a very strong development of the S&I Segment
Q2 was driven by a very strong development of the S&I Segment Revenue and adj. EBITDA in €m Service & Technological Consumer Infrastructure Applications Goods +19 202 144 95 -4 64 -1 40 22 10 22 19 6 1 0 Q2/24 Q2/25 Q2/24 Q2/25 Q2/24 Q2/25 5
Slide 6: Energy transition and IT security are the driving force behind the S&I Segment
Energy transition and IT security are the driving force behind the S&I Segment Energy infrastructure for the energy transition IT security for the German Mittelstand High productivity and execution on major projects Strong dynamic also in Q2 driven by better outlook drove EBITDA margins by 6 pp y-o-
Slide 7: Moderate investments in automation and renewable materials affect the TA Segment
Moderate investments in automation and renewable materials affect the TA Segment Automation solutions for E-mobility System solutions from ecological raw materials Q2 order intake and revenues reflect temporary Q2 still affected by volatile call-off behavior in LCV delay of e-mobility roll-out by OE
Slide 8: Mixed consumer demand and capacity ramp-up affect the CG Segment
Mixed consumer demand and capacity ramp-up affect the CG Segment Tissue products Mattresses for e-commerce Ramp-up costs for the new converting capacity as well Low consumer demand in the furniture market leads as soft consumer demand temporarily impacted H1 to soft H1 Investment in expansion of con
Slide 9: For 2025 we expect to reach the upper end of the revenue and EBITDA margin ranges
For 2025 we expect to reach the upper end of the revenue and EBITDA margin ranges Revenue Adj. EBITDA 14% 11-14% 1,068 1,000-1,100 + 49 % 149 H1: 546 FY 24 FY 25 FC FY 24 FY 25 FC in €m in €m 9
Slide 10: MBB's balance sheet remains more than robust
MBB's balance sheet remains more than robust Balance sheet as at 30 June 2025 in €m 1,226 1,226 Fixed assets** 349 797 (65%) Equity Current assets** 358 Cash* 519 61 Financial liabilities thereof €292m net cash 457 in MBB SE Net Cash 367 Other liabilities Assets Equity & Liabilities * Liquidity & Se
Slide 11: MBB – exceptional value but not expensive
MBB – exceptional value but not expensive Sum-of-the-parts in €m* ∼ 220 €/share 1.600 1.400 74 15 1.185 1.200 804 1.000 Current Mcap 800 167 €/share 600 400 292 200 0 Holding Liquid Fair Cash Portfolio Value * Cash as of 30.06.2025, Market Caps as of 14.08.2025 11
Slide 12: Questions & Answers
Questions & Answers 12
Slide 13: Contact
Contact MBB SE Kurfürstendamm 188 D-10707 Berlin Tel: +49 30 84415 330 Fax: +49 30 84415 333 Mail: ir@mbb.com Web: www.mbb.com 13
Slide 14: Disclaimer
DISCLAIMER By accessing this document you agree to abide by the limitations set out hereafter. The information contained in this document relating to MBB SE ("MBB" or the "Company") may not be redistributed. reproduced. published. or passed on to any other person and must not be relied upon for any
Slide 15: MBB.COM
MBB.COM