28 slides from TKH Group N.V. Cert's earnings presentation, Aug 11, 2026
Slide 1: H1 2026 Analyst Presentation
H1 2026 Analyst Presentation 11 August 2026
Slide 2: Important information – disclaimer
Important information – disclaimer Cautionary note regarding forward looking statements Statements included in this presentation that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic perfor
Slide 3: Key Messages
Key Messages Automation Electrification Separation process Vision Technologies Automated Machinery • Turnover +12.1% and • Turnover down 5.7% in H1 • Turnover +33.3% and EBITDA +90.0% • Separation process on track EBITA +27.5% in H1 2026 and EBITA down 21.1% in H1 2026 • Dual track process • Strong
Slide 4: H1 2026 Results
H1 2026 Results TKH Group NV H1 2026 Analyst Presentation 11 AUGUST 2026 4
Slide 5: Q2 2026 Key Figures
Q2 2026 Key Figures €507.6 €67.3 13.3% • Automation’s Adjusted EBITA showed a marked organic growth compared to Q2 2025, Turnover Adjusted EBITA ROS as well as sequential quarterly growth compared to Q1 2026 +18.0% +67.5% Q2 2025: 9.2% • Electrification’s Adjusted EBITDA showed a very sharp organic
Slide 6: H1 2026 Performance
H1 2026 Performance Turnover Added Value Adjusted EBITA* ROS +14.0% +43.5% €955.9 50.7% 50.2% €113.7 11.9% €858.1 9.3% €80.2 H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 • One-off net expenses in H1 2026 amounted to €4.5 million (H1 2025: €16.3 million) All growth rates are organi
Slide 7: H1 2026 Performance
H1 2026 Performance 15.8% €1,031.2m €502.4m ROCE Orderbook Net debt H1 2025: 13.4% Dec 2025: €1,027.8m Dec 2025: €461.4 16.1% 75% Innovation rate Turnover linked to Obtained by VMI H1 2025: 16.4% SDGs H1 2025: 67% TKH Group NV H1 2026 Analyst Presentation 11 AUGUST 2026 7
Slide 8: Separation Electrification activities on track
Separation Electrification activities on track Automation Electrification • Asset light, technology driven • Capital intensive, capacity driven • Multiple end-markets • Offshore market dynamics • Global • Regional • Scalability • Investments for future scaling • Strong organic value creation potenti
Slide 9: Vision Technologies H1 2026 performance
Vision Technologies H1 2026 performance Highlights H1 2026 Security Vision Key figures • Growth driven by the delivery of several larger projects In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % • Including parking-related projects in the US and other regions Turnover 270.0
Slide 10: Automated Machinery H1 2026 performance
Automated Machinery H1 2026 performance Highlights H1 2026 • As anticipated, Automated Machinery’s performance in H1 2026 was Key figures affected by lower order intake in Tire Building systems in previous quarters In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Turnover 2
Slide 11: Electrification H1 2026 performance
Electrification H1 2026 performance Highlights H1 2026 Key figures • In Q2 2026, turnover up by 36.9% vs Q2 2025 and 19.2% vs Q1 2026 In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % • LTM H1 2026 Adjusted EBITDA to €73.8 million Turnover 328.2 246.3 33.3% 33.3% Offshore En
Slide 12: Other H1 2026 performance
Other H1 2026 performance Highlights H1 2026 Divestments reduced turnover by 11.9%, related to Dewetron in H2 2025 and Alphatronics in H1 2026 Key figures In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Digitalization (75% of segment turnover) Turnover 144.9 140.2 3.4% 15.
Slide 13: Electrification: Medium term guidance
Electrification: Medium term guidance ELECTRIFICATION: Medium term guidance • Medium term guidance provided • Revenue guidance updated on > 9% organic turnover guidance for Electrification on a back of robust order backlog and growth (CAGR) standalone basis. Referencing turnover stronger demand in M
Slide 14: Highlights & Financial Performance H1 2026
Highlights & Financial Performance H1 2026 TKH Group NV H1 2026 Analyst Presentation 11 AUGUST 2026 14
Slide 15: Changes to segmentation
Changes to segmentation Previous Segmentation New Segmentation Longer term Vision Technologies 29% Vision Technologies 29% Machine & Security Vision • Machine & Security Vision Smart Vision TKH systems Automation Other Smart Vision 1% Automated Machinery 27% Automation • Incl Tire Building systems S
Slide 16: Geographical distribution of turnover
Geographical distribution of turnover H1 H1 NETHER- LANDS 2026 2025 Netherlands 26.0% 23.3% NORTH AMERICA Europe (other) 33.7% 33.6% EUROPE (OTHER) Asia 26.2% 24.1% ASIA North America 8.8% 16.6% Other 5.3% 2.4% Vision Technologies Automated Machinery OTHER Electrification Other TKH Group NV H1 2026
Slide 17: Profit and Loss account
Profit and Loss account € million H1 2026 H1 2025 Δ in % 1 € million Turnover 1 Turnover 955.9 858.1 11.4% H1 2025 858.1 Raw materials and Acquisitions & divestments - 16.6 - 1.9% -475.8 -423.3 subcontracted work Currency translation - 5.4 - 0.6% 2 Added value 1) 480.1 50.2% 434.8 50.7% 10.4% Organi
Slide 18: Profit and Loss account
Profit and Loss account € million H1 2026 H1 2025 Δ in % 5 One-off expenses related to Turnover 955.9 858.1 11.4% • acquisitions and divestments, including carve-out of Electrification Raw materials and -475.8 -423.3 • 2025: one-off transportation costs due to delayed ramp-up of subcontracted work E
Slide 19: Balance sheet
Balance sheet 1 Changes in working capital (in € million) (in € million) 360 (in € million) June 30, 2026 Dec. 31, 2025 2.9 44.1 0.8 Intangible assets and goodwill 594.1 597.7 341.0 340 -2.6 -2.9 -0.9 Property, plant and equipment 502.6 501.1 Right-of-use assets 82.8 77.8 Other non-current assets 45
Slide 20: Changes to Net Debt
Changes to Net Debt (in € million) Net debt / EBITDA • June 30, 2026: 1.8 • December 31, 2025: 1.9 • June 30, 2025: 2.6 TKH Group NV H1 2026 Analyst Presentation 11 AUGUST 2026 20
Slide 21: Free cash flow
Free cash flow (in million € H1 H2 H1 1 FCF conversion is affected by developments in working capital. unless stated otherwise) 2026 2025 2025 2025 2024 Working capital ratio for the period-end included in the overview Operating result 75.8 73.7 29.3 103.0 130.6 are: Depreciation, amortization and •
Slide 22: Outlook
Outlook TKH Group NV H1 2026 Analyst Presentation 11 AUGUST 2026 22
Slide 23: Outlook 2026
Outlook 2026 TKH reiterates its outlook communicated at the publication of its Q1 2026 results. Barring unforeseen circumstances, TKH expects organic growth in both turnover and Adjusted EBITA in 2026. TKH Group NV H1 2026 Analyst Presentation 11 AUGUST 2026 23
Slide 24: Q&A
Ta Q&A TZ o al < - he += SMART TECHNOLOGIES < A al
Slide 25: APPENDIX
APPENDIX TKH Group NV H1 2026 Analyst Presentation 11 AUGUST 2026 25
Slide 26: TKH Automation
TKH Automation Machine Vision • Top 5 global player in Machine Vision 2D 3D 45.5% • Global market leader in 3D Machine Vision • Wide product offering of 2D, 3D Vision, hardware and software H1 2026 • Solutions based approach, broad technology base with many Turnover Strong Market Market leader in un
Slide 27: TKH Electrification
TKH Electrification Offshore 14% Energy • Leading player in Europe • Innovative, sustainable and robust dry cable design with #1 market position HV>66kV- <132kV Based on 2024-26 H1 2026 ease of installation at lower cost tenders participated Turnover • Production site strategically located to North
Slide 28: Our sustainable value chain
Our sustainable value chain Our Focus on SDGs How we do it How we are rated 75% of turnover linked to SDGs non-financial KPIs H1 2026 rating agencies CO2e Footprint reduction LTFR Satisfaction score (scopes 1&2) Target < 0.7 Customers Electrification Compared to 2019 Target Average score above Energ