Slide 1: FY 2025 Analyst Presentation
TRUSTED PARTNER. FY 2025 Analyst Presentation Dr. Alexander Sagel, CEO Anja Mänz-Siebje, CFO 5 March 2026
Slide 2: Highlights
FY 2025 OVERVIEW Record Total Order Backlog & proven strong execution: scaling new all-time highs in FY 2025 Key order intakes FY 2025 Highlights THOR III / transmissions ~ €254m RENK once again demonstrated strong execution in the International customer / Q4 2025 year-end race – guidance clearly ac
Slide 3: RENK Group maintains strong order momentum and profitable growth
FY 2025 OVERVIEW RENK Group maintains strong order momentum and profitable growth ORDER INTAKE REVENUE ADJ. EBIT ADJ. EBIT PROPOSED FY 2025 FY 2025 FY 2025 MARGIN DIVIDEND FY 2025 FY 2025 €1,571m €1,366m €230m 16.9% €0.58 +9% YoY +20% YoY +22% YoY +0.3pp YoY +38% YoY Order intake – new record level
Slide 4: Defense business is driving the topline performance
FY 2025 OVERVIEW Defense business is driving the topline performance Order intake (Defense, €m) Revenue (Defense, €m) +19% ~1,370 +24% 2 1,015 +4% 1 1,172 819 1,131 FY-24 FY-25 FY-25 FY-2024 FY-2025 (incl. shifts) 1 International MBT program, shift to HY1 2026 2 International Navy programs, shift to
Slide 5: Vehicle Mobility Solutions
FY 2025 OVERVIEW Vehicle Mobility Solutions • Revenue growth of 25% • Ongoing strong order momentum in FY 2025 (book-to-bill ratio: 1.3x) ; RAM achieved >550m USD order intake • First spare parts contract with Ukrainian MoD in Q4 • Modular production concept, launched during Q3, up and running at VT
Slide 6: Marine & Industry
FY 2025 OVERVIEW Marine & Industry • Revenue growth of 15% • Market related headwinds of industry segment overcompensated by strong navy business • Successful PMI of RAMI • Shift of three order intake relevant navy programs towards HY1 2026 Revenue, €m 15.3% 380 330 296 Order intake FY 327 €m FY-23
Slide 7: Slide Bearings
FY 2025 OVERVIEW Slide Bearings • 3% revenue growth despite headwinds from the industrial market • December 2025 strongest month in segment´s history in terms of revenues • Operational measures & recruitment campaign show effects Revenue, €m 2.5% 125 128 111 Order intake FY 126 €m FY-23 FY-24 FY-25
Slide 8: Record Total Order Backlog of €6.7bn supports continued strong growth
FY 2025 OVERVIEW Record Total Order Backlog of €6.7bn supports continued strong growth Total Order Backlog (FY-25), €bn LTM revenue 1.7x 0.6x 2.6x 4.9x coverage(1) 2.2 (FY-24) 5.0 (FY-24) 3.6 6.7 0.6 (FY-24) 0.9 2.1 (FY-24) 2.3 Additional recurring aftermarket business outside of framework contracts
Slide 9: Financial Summary
TRUSTED PARTNER. Financial Summary Anja Mänz-Siebje, CFO
Slide 10: Defense momentum and execution led to further strong performance
FINANCIAL SUMMARY RENK Group: Defense momentum and execution led to further strong performance Order intake, €m Revenue, €m Fixed order backlog(2), €m 1.3x 1.2x 1.6x 0.7x 8.7% 2,260 9.0% 2,080 19.8% 1,571 1,442 1,366 1,141 -44.3% 21.1% 584 438 325 362 FY-24 FY-25 Q4-24 Q4-25 FY-24 FY-25 Q4-24 Q4-25
Slide 11: Operational leverage and robust cost controls driving higher profit margins
FINANCIAL SUMMARY RENK Group: Operational leverage and robust cost controls driving higher profit margins Adj. gross profit(1), €m Adj. EBIT(2), €m Net debt(3), €m 28.7% 28.6% 30.5% 29.6% 16.6% 16.9% 21.2% 20.4% 1.7x 1.5x 4.3% 391 375 19.3% 391 21.7% 327 230 17.8% 189 16.3% 130 110 89 77 FY-24 FY-25
Slide 12: RENK Group dividend grows by 38%
FINANCIAL SUMMARY RENK Group dividend(1) grows by 38% Adj. Earnings per share, in € Dividend per share, in €, payout ratio in % 37.9% 38.1% 1.42 0.58 1.03 0.42 40.7% 40.9% FY-24 FY-25 FY-24 FY-25 11 RENK Group AG | FY 2025 Conference Call Trusted Partner
Slide 13: VMS: Translating addressable defence market into profitable growth
FINANCIAL SUMMARY VMS: Translating addressable defence market into profitable growth Segment financials, €m Order intake Revenue Adj. EBIT(1) 20.2% 20.0% 20.4% 26.6% 25.1% 11.3% 1,129 27.8% 24.8% 1,015 178 872 699 140 -51.7% 17.5% 24.8% 467 74 293 63 225 235 FY-24 FY-25 Q4-24 Q4-25 FY-24 FY-25 Q4-24
Slide 14: M&I: Strong and navy-driven contribution to revenue and profitability
FINANCIAL SUMMARY M&I: Strong and navy-driven contribution to revenue and profitability Segment financials, €m Order intake Revenue Adj. EBIT(1) 10.6% 11.9% 11.9% 12.4% 15.3% 29.6% 380 6.3% 45 330 327 35 307 14.9% 19.7% -21.6% 98 BER300 113 - EBIT 14 92 12 72 FY-24 FY-25 Q4-24 Q4-25 FY-24 FY-25 Q4-2
Slide 15: Slide Bearings: Growth in Naval activity and strong Q4 offset headwinds
FINANCIAL SUMMARY Slide Bearings: Growth in Naval activity and strong Q4 offset headwinds in Industrial Segment financials, €m Order intake Revenue Adj. EBIT(1) 17.2% 17.9% 15.9% 22.6% 2.5% 6.9% -4.8% 23 125 128 21 133 126 55.8% 14.0% 9.7% 8 33 36 30 5 26 FY-24 FY-25 Q4-24 Q4-25 FY-24 FY-25 Q4-24 Q4
Slide 16: Decrease in non-recurring items while other reconciling items stay stable
FINANCIAL SUMMARY Decrease in non-recurring items while other reconciling items stay stable For the period, €m FY-24 FY-25 Operating profit 116.0 169.4 Purchase price allocation effects 1 43.9 45.5 Operating profit before PPA depreciation and amortization as well as income / losses from 159.9 214.9
Slide 17: Higher customer receivables as primary contributor to NWC increase
FINANCIAL SUMMARY Higher customer receivables as primary contributor to NWC increase Customer receivables(1) Inventories Net working capital, €m Trade payables Prepayments received(2) % of LTM revenue 26.8% 24.9% 25.2% 345 284 248 375 268 249 391 436 326 -124 -117 -144 -204 -258 -322 Dec-23 Dec-24 D
Slide 18: Operating performance strongly outpaces NWC increase
FINANCIAL SUMMARY Operating performance strongly outpaces NWC increase Change in NWC, €m Key Free Cash Flow items FY-25, €m (80.1) -15 (120.8) Customer receivables -80 (43.1) Inventories -39 264 -33 94 +29.4 Trade payables -3 -27 67 +54.3 Prepayments received 94 67 CCR (%) Adj. Adjustments(2) Change
Slide 19: RENK's Capital Allocation Framework to drive Shareholder Value Creation
FINANCIAL SUMMARY RENK’s Capital Allocation Framework to drive Shareholder Value Creation FY 2025 1 Invest in growth Core Business and R&D (organic & ▪ Long-term avg. Capex of ~3% of turnover to drive CAPEX 2.8% inorganic) growth ▪ One time Capex push in 2026/2027 Net Debt 1.5x ROCE 2 Balance Sheet
Slide 20: Impact on ROCE
FINANCIAL SUMMARY Impact on ROCE Midterm FY 2025 ROCE Calculation €230m adj. EBIT ROCE1 >20% 23.5% = €981m Capital Employed CapEx CCR2 NWC Leverage as % of revenues as % of revenues ratio3 Additional Avg 2024-30 Over-time Over-time Over-time financial building ~3% ~80% ~20% <1.5x blocks FY 2025 FY 2
Slide 21: Outlook
TRUSTED PARTNER. OUTLOOK Dr. Alexander Sagel, CEO
Slide 22: 2026 guidance keeps RENK on track towards its mid-term targets
OUTLOOK 2026 guidance keeps RENK on track towards its mid-term targets 2025A Guidance 2026 Mid-term 2030 Revenue €1.37bn >€1.5bn €2.8-3.2bn1 Adj. EBIT2 / margin €230m €255-285m >20% 21 RENK Group AG | FY 2025 Conference Call Trusted Partner
Slide 23: Operations: Delivering on our business plan and securing growth
OUTLOOK Operations: Delivering on our business plan and securing growth Operations Priorities 2026 Production & delivery according to customer delivery schedule (global) Consequent execution of defined capacity ramp-up & investment strategy (Augsburg / Rheine) Continuous growth of supply chain resil
Slide 24: Operations: Consequent execution of our capacity ramp-up plan Germany
OUTLOOK Operations: Consequent execution of our capacity ramp-up plan Germany for land transmissions 3x G350 Operational Measures 2026 1x Test Rig 1x G550T Modular production (final assembly) running 1x Kellenberger Augsburg Installation of new machining equipment & heat treatment during Q2/Q3 05|06
Slide 25: RENK is positioned for strong order intake growth in 2026
OUTLOOK Key OE order intake 2026 (examples) RENK is positioned for strong order intake growth in 2026 Puma 2nd Batch Order Intake Development 2026 (in €m) Vehicle Mobility Solutions Boxer Arminius Marine & Industry ~2,000 Slide Bearings PzH2000 Leopard MBT + family, IMBT and int. customer 549 Thor I
Slide 26: Clear focus on 2026 priorities
OUTLOOK Clear focus on 2026 priorities Operationalisation & Key Order Intakes Portfolio Aftermarket Business Financial Performance • Investment & capacity • Secure targeted order • Further concentration on the • Review & define aftermarket expansion according to intake programs & core business strat
Slide 27: Key takeaways
OUTLOOK Key takeaways RENK delivered a record FY 2025 with strong profitable growth, 1 record order intake and further total order backlog expansion supported by a strong year-end delivery performance Defense remained the key growth driver, supported by sustained 2 strong demand and continued moment
Slide 28: Financial Calendar H1 2026
OUTLOOK Financial Calendar H1 2026 • UBS Roadshow, Zurich/Geneva • Q1 2026 Release (6 May) (9-10 March) • Berenberg Roadshow, Frankfurt (7 May) • BofA Global Industrials Conference, • Berenberg European Conference, London (19 March) New York (19-20 May) • Jefferies MidCap Conference, London • Jeffer
Slide 29: Q&A Session
TRUSTED PARTNER. Q&A Session RENK Group / Company presentation / March 2023
Slide 30: Your contact
TRUSTED PARTNER. Your contact Events Publications Investor Relations: Julia Brand, Senior IR Manager Phone: +49 821 5700 735 E-Mail: investors@renk.com Maximilian König, Senior IR Manager Phone: +49 821 5700 9302 E-Mail: investors@renk.com Christian Weiß, Senior IR Manager Phone: +49 821 5700 9279 E
Slide 31: Disclaimer
Disclaimer By accessing this presentation, you agree to be bound by the following limitations. This presentation has been prepared for information and background purposes only. It does not constitute or form part of, and should not be construed as, an offer of, a solicitation of an offer to buy, or
Slide 32: Appendix
TRUSTED PARTNER. APPENDIX
Slide 33: Income statement
Financial Appendix Income statement For the period, €m 2024 2025 Revenue 1,140.5 1,366.2 Cost of sales (860.8) (1,027.3) Gross profit 279.7 338.9 Distribution expenses (61.8) (69.5) General and administrative expenses (96.9) (96.4) Net allowances on financial assets (1.4) 0.7 Other income 9.6 10.7 O
Slide 34: Balance sheet – Total assets
Financial Appendix Balance sheet – Total assets As of, €m Dec 31, 2024 Dec 31, 2025 Intangible assets 360.5 310.0 Property, plant and equipment 320.7 339.8 Investments 0.8 0.8 Deffered tax assets 22.4 29.2 Other non-current financial assets 0.1 0.4 Other non-current receivables 12.7 22.7 Non-current
Slide 35: Balance sheet – Total equity and liabilities
Financial Appendix Balance sheet – Total equity and liabilities As of, €m Dec 31, 2024 Dec 31, 2025 Share capital 100.0 100.0 Capital reserves 172.7 174.5 Retained earnings 134.9 193.3 Cumulative other comprehensive income 33.3 17.0 Equity attributable to shareholders of RENK Group AG 440.9 484.7 Eq
Slide 36: Cash flow statement
Financial Appendix Cash flow statement For the period, €m 2024 2025 Cash and cash equivalents at beginning of period 102.2 164.3 Profit/loss before tax (including profit/loss attributable to non-controlling interests) 94.7 124.2 Income taxes paid (24.0) (33.5) Depreciation, amortization and impairme
Slide 37: Adjustments
FINANCIAL APPENDIX Adjustments For the period, €m FY-24 FY-25 Operating profit 116.0 169.4 Purchase price allocation effects 1 43.9 45.5 Operating profit before PPA depreciation and amortization as well as income / losses from 159.9 214.9 PPA asset disposals M&A activity related costs 1.9 2.2 2 Capi
Slide 38: Endnotes (1/2)
Endnotes (1/2) p.7 (1) Defined as total order backlog as of December-25 / LTM revenue for the period ended December 31, 2025. Total order backlog comprised of fixed order backlog, frame order backlog and soft order backlog (2) Fixed order backlog represents with respect to binding customer contracts
Slide 39: Endnotes (2/2)
Endnotes (2/2) p.17 (1) Adj. EBITDA is defined as operating profit before depreciation, amortization and impairment losses on intangible assets and property, plant and equipment, the PPA depreciation and amortization as well as income / losses from PPA asset disposals and adjusted for certain items