Hms Bergbau Ag · XETR:HMU
Hms Bergbau — Investor Presentation (February 2026)
21 slides from Hms Bergbau's investor presentation, February 2026
Slide 1: Company Presentation February 2026
Company Presentation February 2026 HMS Bergbau Group not to be copied or distributed without written consent
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is strictly confidential. It is intended only for the respective addressee and may not be distributed or disclosed without the prior consent of HMS Bergbau AG (the "Company"). The information in this presentation does not constitute an offer
Slide 3: HMS Bergbau AG at a glance
2 HMS Bergbau AG at a glance Established International Logistics- and Focused participation Growing and commodity trading business with a financing expertise in mining projects incl. sustainably company focusing on strong focus on with clear focus on offtake agreements profitable, low-risk energy co
Slide 4: Management
Management 3 Supervisory Board Heinz Schernikau, Chairman Founder HMS Bergbau AG Dennis Schwindt, CEO Jens Moir, CFO Dr. h.c. Michael Bärlein Henry Werkmeister ▪ Since 07/2020: CEO, HMS Bergbau AG ▪ Since 09/2020: CFO, HMS Bergbau AG ▪ Since 2018: COO, HMS Bergbau AG ▪ 2016-2020: CFO various start-u
Slide 5: Business Units of HMS Bergbau AG
Business Units of HMS Bergbau AG 4 Core Business Marine Fuels & International Coal Mining & Processing Lubricants Trade HMS Bergbau Group not to be copied or distributed without written consent © HMS Bergbau Group | not to be copied or distributed without written consent Seite 4
Slide 6: Well positioned internationally
Well positioned internationally 5 Physical Commodity Trading & Project Developments HMS Bergbau AG Berlin, Germany Headquarters Subsidiary/Company shareholding Subsidiary/Company shareholding in establishment Representative office HMS Bergbau Group not to be copied or distributed without written con
Slide 7: Current highlights of the investment case
Current highlights of the investment case Record revenue 6 and earnings in − EUR 70m bond placement 2025 FY 2024 Funding Revenue − Expansion of our liquid fuels business +5.2% Growth drivers to approx. EUR 1.4 billion − Start of production at our High-quality Vertical integration initiatives metallu
Slide 8: Financing as a growth driver
Financing as a growth driver 7 Good growth opportunities Trade finance facilities of USD Deploying trade finance in the commodities business 450m, provided by 16 Banks in facilities six times per year by constant expansion of Europe, Middle East and Asia based on an average margin of trade finance f
Slide 9: Global demand for coal remains stable
Global demand for coal remains stable HMS Bergbau ideally Global demand for Demand Growth driver: Emerging Seaborne coal trade accounts for positioned to profit from coal remains at peak expected to Markets & Developing around 16% of global coal continuing growth in South levels increase further Nat
Slide 10: HMS Trade Flows coal worldwide 2025
HMS Trade Flows coal worldwide 2025 Other Asia Others 4 % Others Kazachstan 3 % Europe 3% Australia 3 % Indonesia 4% 5% 27 % China 6% Bangladesh 9 South 8% Africa 16 % South East India Asia 17 % 58 % USA 18 % Mozambique 26 % Global deliveries with a strong focus on Southeast Asia and India Origins D
Slide 11: Expansion of business activities: Global trade in liquid fuels offers high potential
Expansion of business activities: Global trade in liquid fuels offers high potential Acquisition of an experienced, globally operating trading team with approx. 30 employees • More than 10 years of experience as a team in trading • Extensive expertise and strong network • Team has traded volumes of
Slide 12: Seaborne trade remains indispensable for the global economy
Seaborne trade remains indispensable for the global economy, Asia in particular is driving growth Continuously rising global transport volumes and increasingly longer transport routes are driving growth in the fuel market* Global container traffic Increase in average distances travelled due to disru
Slide 13: Horizontal & vertical expansion of the value chain is progressing
Horizontal & vertical expansion of the value chain is progressing HMS secures access to commodities through stakes in mining projects worldwide Kazakhstan Lithium/Cobalt Exclusive off-take agreements Initial test drillings at a very early stage Primarily metallurgical coal, but also other commoditie
Slide 14: State-of-the-art metallurgical coal mine
State-of-the-art metallurgical coal mine Prodution ramp-up under way Maatla Resources, Botswana (51% HMS) 13 ▪ Total licensed area: 44,8 km² ▪ Excellent logistics connection for export to South Africa ▪ Licensed area located within an established coal mining region with an estimated total volume of
Slide 15: Operating mine with attractive upside potential
Operating mine with attractive upside potential On-site production facility ensures high-margin product Botswana considered as stable; coal mining encouraged Maatla Resources, Botswana (51% HMS) Start as an open-cast mine On-site processing plant increases added value 94+ million tons of coal resour
Slide 16: Financials H1-2025
Financials H1-2025 Revenue in €m EBITDA in €m 1600 10 7.9 8.3 1400 1200 8 6.3 1000 656.7 731.4 6 800 642.9 600 4 400 2 200 0 0 H1/23 H1/24 H1/25 H1/23 H1/24 H1/25 Net Income in €m EPS in € 15 10 2,0 8 5.8 1,5 1.12 1.22 1.26 6 5.1 5.5 1,0 4 0,5 2 0 0,0 H1/23 H1/24 H1/25 H1/23 H1/24 H1/25 HMS Bergbau
Slide 17: Strong Financials 2024
Strong Financials 2024 Revenue in €m EBITDA in €m Net Income in €m 39.0 21.2 40 22 2000 1,885.5 1800 35 1600 ~1,500.0 17 14.5 1,363.7 30 1400 1,296.2 13.2 12.4 25 1200 20.1 ~20.0 12 10.4 971.9 1000 20 15.4 15.7 800 15 7 16 600 427.7 10 400 5.6 3.2 2 5 200 0 0 2021 2022 2023 2024 2025e*2026e* 2021 20
Slide 18: Excellent operational performance also reflected by the share price development
Excellent operational performance also reflected by the share price development Share price/Revenue development* (01/2024-01/2026) EPS/Dividend development per share (in €) (in € / in € million) 90 1,8 4,0 80 target € 81,00 1,6 3,5 3.15 70 target € 70,00 1,4 3,0 2.74 2.89 60 1,2 2,5 2.29 50 1,0 2,0
Slide 19: Share & Shareholders
Share & Shareholders Free Float 23.4 % ERAG Energie & Rohstoff AG # of shares: 4,590,588 (Schernikau Family) 37.0 % ISIN: DE0006061104 Treasury Shares 1.0 % WKN: 606110 Schernikau Family Designated MWB Fairtrade 4.4 % Sponsor: Wertpapierhandelsbank AG LaVo Verwaltungs- Schernikau Family Frankfurter
Slide 20: Investment Highlights Recap
Investment Highlights Recap Decades of experience and Expansion of the value chain Proven track record of success extensive expertise delivering high-margin contributions Strategic diversification in the liquid Well-positioned to expand market Experienced management team fuels and mining sectors ope
Slide 21: Company Contact
Company Contact Investor Relations Manager: edicto GmbH HMS Bergbau AG Ralf Droz/ Doron Kaufmann An der Wuhlheide 232 T: +49 69 905 505 51 12459 Berlin E-Mail: hms-bergbau@edicto.de Germany T: +49 (30) 65 66 81-0 F: +49 (30) 65 66 81-15 E-Mail: hms@hms-ag.com www.hms-ag.com 20 HMS Bergbau Group not