Slide 1: Q2 2026 Earnings Call
Q2 2026 Earnings Call August 13, 2026 public
Slide 2: Today's presenters and agenda
Today’s presenters and agenda 1 Highlights 2 North America Barend Fruithof Marco Portmann Chairman and Group Group CFO CEO 3 Europe and Rest of World (RoW) 4 Q2 2026 Financials 5 Outlook & Concluding Remarks Henning Schröder Steffen Schewerda CEO Europe and CEO North America Rest of World Q2 2026 Ea
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, include results for Aebi Schmidt and The Shyft Group on a combined basis inclusive of the period prior to the acquisition on July 1, 2025. This also app
Slide 4: Highlights
Highlights Barend Fruithof, Chairman and Group CEO public
Slide 5: Q2 2026 with over-proportional profitability gains
Q2 2026 with over-proportional profitability gains Q2 2026 Top 5 Achievements +16% +20% +9% +22% +$18m Q2 2026 End of Q2 2026 Q2 2026 Q2 2026 Q2 2026 Order Intake Order Backlog Net Sales Adj. EBITDA Net Income increase vs Q2 increase vs end of increase vs Q2 2025 increase vs Q2 2025 increase vs Q2 2
Slide 6: Q2 2026 progress on strategic, operational and sales execution reinforces growth trajectory
Q2 2026 progress on strategic, operational and sales execution reinforces Aebi Schmidt Group's growth trajectory and full-year outlook Q2 2026 performance ▪ One year after the acquisition, Aebi Schmidt Group has successfully delivered on its integration commitments while advancing key strategic grow
Slide 7: Look-back: One year after the Shyft acquisition, Aebi Schmidt is delivering
Look-back: One year after the Shyft acquisition, Aebi Schmidt is delivering on strategic and financial commitments Key financials ($m) Delivering on our investment thesis Realized integration operational synergies ▪ Combined business operating from Day 1 12 months 12 months Increase pre-acquisition
Slide 8: Executing on innovation roadmap across all business lines
Executing on innovation roadmap across all business lines, anticipating customer needs and expanding addressable markets Municipal Airport and Chassis Goods Transport Commercial Trucks Agriculture ▪ Cleango 550: Higher ▪ MB7BT MB6P: Compact ▪ Advantic Truck Body: ▪ ServicePRO Truck Body: ▪ TT 212 Te
Slide 9: North America
North America Steffen Schewerda, CEO North America public
Slide 10: Sales wins and operational execution reinforcing North American momentum
Sales wins and operational execution reinforcing North American momentum North America Market Update Airport and Chassis ▪ AtlasCare service network expanded to 670+ locations through Love's Travel Stops partnership ▪ Strong airport order momentum, including a ~$4m Canadian award and a ~$9m project
Slide 11: Walk-in Van backlog conversion and strong Airport and Municipal performance
Walk-in Van backlog conversion and strong Airport and Municipal performance drove top-line and over-proportional profitability growth North America Financials ($m) Backlog ($m) Q2 2026 vs 1,031 1,056 1,059 Q2 2025 833 885 +27.2% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 ▪ Continued strong order moment
Slide 12: Europe and Rest of the World (RoW)
Europe and Rest of the World (RoW) Henning Schröder, CEO Europe and Rest of World public
Slide 13: Europe and RoW Q2 driven by major deal wins across all segments
Europe and RoW Q2 driven by major deal wins across all segments Europe and RoW Market Update Airport ▪ Major UK airport group selected Aebi Schmidt as its preferred supplier for winter maintenance and airfield sweeping, transitioning to a 100% Aebi Schmidt fleet ▪ Successfully cross-sold LADOG multi
Slide 14: Continued sales momentum and sustained margin expansion in Europe and RoW
Continued sales momentum and sustained margin expansion reinforce Europe and RoW's profitable growth trajectory Europe and RoW Financials ($m) Backlog ($m) Q2 2026 vs 235 243 201 220 Q2 2025 181 -6.6% ▪ Order intake increased, supported by strong Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 performance a
Slide 15: Q2 2026 Financials
Q2 2026 Financials Marco Portmann, Group CFO public
Slide 16: Continued significant order momentum reinforces outlook
Continued significant order momentum reinforces outlook, including further recovery in Walk-in Van in North America Order intake and backlog ($m) Order intake ($m) +16.2% ▪ Order intake increased 16% year-over-year, 632 with significant growth in both segments 444 518 508 516 126 ▪ Strong momentum a
Slide 17: Strong backlog beginning to translate into higher Net Sales
Strong backlog beginning to translate into higher Net Sales, driven by improved production efficiency and higher capacity Net Sales ($m) Net Sales ($m) +9.4% 528 ▪ Net Sales grew over 9% year-over-year, driven by 496 454 471 456 production ramp-ups and strong sales execution 183 across the Group 140
Slide 18: Profitability growing more than twice the pace of sales
Profitability growing more than twice the pace of sales, demonstrating strong operating leverage and margin expansion Adjusted EBITDA ($m) Adjusted EBITDA ($m) +22.1% ▪ Adjusted EBITDA of $42.1m or 8.5% margin, up 22.1% year-over-year with a 90 basis-point 48.1 42.2 42.1 margin improvement 34.5 18.1
Slide 19: Net working capital efficiency improvements absorbed growth investments
Net working capital efficiency improvements absorbed growth investments, underscoring cash discipline and supporting further deleveraging Net Working Capital and Net Debt ($m) Net Working Capital ($m) ▪ Net Working Capital at $449m, improved by $17m -3.6% year-over-year despite continued sales growt
Slide 20: Outlook & Concluding Remarks
Outlook & Concluding Remarks Barend Fruithof, Chairman and Group CEO public
Slide 21: Aebi Schmidt Group confirms full-year 2026 guidance
Aebi Schmidt Group confirms full-year 2026 guidance Guidance and Summary Strong order momentum, with Order Intake up 16% and Order Backlog up FY2026 Guidance1 ✓ 20% Net Sales Net Sales up 9%, driven by completed production ramp-up, particularly in $1.95 to $2.15b ✓ Walk-in Van Adjusted EBITDA Adjust
Slide 22: Aebi Schmidt Group positioned as a global specialty vehicles leader
Aebi Schmidt Group positioned as a global specialty vehicles leader with strong growth tailwinds and resilient fundamentals AEBI key performance drivers1 2030 strategic target Established customer relationships across our two Group Net Sales ($m) Global >400 >3,000 home markets, leading brands, and
Slide 23: Thank you for your time and interest!
Thank you for your time and interest!
Slide 24: Appendix: Supplemental Financial Information
Appendix: Supplemental Financial Information public
Slide 25: 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 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, include results for Aebi Schmidt and The Shyft Group on a combined basis inclusive of the period prior to the acquisition on
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, include results for Aebi Schmidt and The Shyft Group on a combined basis inclusive of the period prior to the acquisition on
Slide 28: 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, include results for Aebi Schmidt and The Shyft Group on a combined basis inclusive of the period prior to the acquisition on