Iochpe Maxion S.a. · BMFBOVESPA:MYPK3
Iochpe Maxion — Q1 2026 Earnings Presentation
19 slides from Iochpe Maxion's earnings presentation, Apr 30, 2026
Slide 1: Iochpe-Maxion 1Q26 Earnings
Iochpe-Maxion 1Q26 Earnings April 30, 2026 ADR: IOCJY
Slide 2: 1Q26 Executive Overview
1Q26 Executive Overview • Relatively Stable sales − Despite YoY reduction in NA and EU CV, market shows signs of recovery − Maxion globally performing solid, LV + CV • Profitability increases − Consistent modest increases reflect NA restructuring, Europe resilience and Asia outperformance • Flexible
Slide 3: Market – Global Vehicle Production
Market – Global Vehicle Production Light Vehicles¹ Commercial Vehicles² (Unit in millions) (Unit in thousands) +1% +1% +5% -3% +1% -2% +2% +1% +2% +9% 97 98 +4% 4.140 4.014 4.048 93 93 94 96 +1% 3.948 91 3.615 3.454 3.489 2025 2026 2027 2028 2029 2030 2031 2025 2026 2027 2028 2029 2030 2031 Global p
Slide 4: 1Q26 Highlights
1Q26 Highlights Gross Profit Leverage² Net Revenue R$ 441.5 million EBITDA 2.49x R$ 3.8 billion with a margin of R$ 357.0 million compared to 11.6% with a margin of Sustained sales levels 2.65x despite significant YoY an increase of 9.4% in 4Q25 declines in North and South America 0.3 p.p.¹ an incre
Slide 5: Revenue by Product
Revenue by Product Structural Components LV 3% 3% Structural Components CV 19% 17% 24% Steel Wheels LV 24% 20% Steel Wheels CV 20% Aluminum Wheels LV 33% 36% 1Q25 1Q26 Strong demand for aluminum wheels in the light vehicle segment across South America, North America, and Asia partially offsets the s
Slide 6: Revenue by Customer
Revenue by Customer Customer 1Q25 1Q26 Top 1 14% 13% 14.1% Top 5 50% 49% 13.0% Top 10 77% 77% 1Q25 1Q26 10.2% 9.8% 9.6% 9.3% 8.8% 8.7% 8.3% 8.4% 8.0% 8.0% 7.9% 7.7% 6.2% 5.5% 5.5% 4.6% 4.8% 4.3% 4.1% 3.1% 2.6% 2.5% 2.8% 2.3% 2.0% 1.8% 1.7% 1.4% 1.6% 1.5% 1.5% 1.4% 1.4% 1.4% 1.0% 1.2% 1.0% 1.0% After
Slide 7: Operational Performance America – South America
Operational Performance America South America Share of Consolidated Net Operating Revenue – (%) Net Operating Revenue 1Q25 1Q26 1Q26 Stable revenue despite R$ 1.0 billion Brazilian truck market contraction stable vs 1Q25 Brazilian Market Performance¹ – Vehicles Produced (in thousands) 1Q25 1Q26 Var.
Slide 8: Operational Performance America – North America
Operational Performance America North America Share of Consolidated Net Operating Revenue – (%) Net Operating Revenue 1Q25 1Q26 Solid 1Q 2026 margin 1Q26 after restructuring, R$ 950 million preparing for truck 11.2% vs 1Q25 market rebound Market Performance¹ – Vehicles Produced (in thousands) NA Com
Slide 9: Operational Performance – EMEA
Operational Performance America EMEA¹ Share of Consolidated Net Operating Revenue – (%) Net Operating Revenue Light vehicle portfolio 1Q25 1Q26 1Q26 clean up, Maxion mitigating through R$ 1.5 billion strong truck Market Performance² – 2.4% vs 1Q25 performance Vehicles Produced (in thousands) EU Comm
Slide 10: Operational Performance – Asia
Operational Performance America Asia Share of Consolidated Net Operating Revenue – (%) Net Operating Revenue Solid 1Q 2026 1Q25 1Q26 1Q26 encouraged by R$ 321 million underlying momentum Market Performance² – 9.8% vs 1Q25 in the business Vehicles Produced (in thousands) 1Q25 1Q26 Var. + 18.2% light
Slide 11: Gross Profit and Gross Margin (%)
Gross Profit and Gross Margin (%) 11.3% 11.6% -0.5% The impact of lower fixed cost absorption was mitigated by repricing, a more favorable sales mix, and higher operational 444 442 efficiency. 1Q25 1Q26 Note: Financial information reported in Brazilian Reais (R$) millions. 11
Slide 12: EBITDA and EBITDA Margin (%)
EBITDA and EBITDA Margin (%) 9.0% 9.4% +0.8% EBITDA margin improved despite North 354 357 and South America Truck. 1Q25 1Q26 Note: Restructuring costs amounted to R$ 6.0 million in 1Q26 compared to R$ 2.8 million in 1Q25 Financial information reported in Brazilian Reais (R$) millions. 12
Slide 13: Net Income
Net Income 0,3% 0,1% 10.892 3.920 1Q25 1Q26 Note: Financial information reported in Brazilian Reais (R$) thousands. 13
Slide 14: Investments
Investments Capex was mostly allocated to projects in Europe and Brazil, with a focus on portfolio initiatives, operational efficiency, automation, +10.6% process improvements, and new business. 101 112 1Q25 1Q26 Note: Financial information reported in Brazilian Reais (R$) millions. 14
Slide 15: Leverage – Net Debt / EBITDA
Leverage – Net Debt¹/ EBITDA Net Debt EBITDA LTM² Net Debt/ EBITDA 2.93 2.55 2.65 2.39 2.38 2.49 2.34 3,675 3,637 3,661 3,867 3,932 3,959 3,719 1,253 1,524 1,562 1,679 1,625 1,493 1,496 2023 2024 1Q25 2Q25 3Q25 4Q25 1Q26 ¹ Considers net debt + derivative financial instruments ² LTM : last 12 months
Slide 16: Gross Debt
Gross Debt Composition Maturity¹ (in millions) 1% 3.311 2.626 20% 760 Dollar 32% Reais 1.866 809 665 Euro 242 390 Other currencies 170 Cash 2026 2027 2028 2029 2030 47% 2031 to 2040 Undrawn credit lines Term Cost 1Q25 1Q26 8.7% 4.9% Cost (BRL) CDI + 1.4% CDI + 0.7% Cost (EUR) 3.5% 3.5% 1Q25 1Q26 91.
Slide 17: Teamwork Converts into Bottomline Results
Teamwork Converts into Bottomline Results Annual Award Program Recognizes Sustained Value Creation 1,700+ Projects – Wheels and Components – 34 plants - 19 Team Winners! 17
Slide 18: Delivering Value in a Complex Global World
Delivering Value in a Complex Global World Customer Awards and New Wins Confirm Our Execution AMERICAS AMERICAS ASIA EMEA 18
Slide 19: Slide 19