Slide 1: Publication of Results Q1/2025
PUBLICATION OF RESULTS Q1/2025 Bergheim, April 25, 2025
Slide 2: Number 1 in the World
NUMBER 1 IN THE WORLD Global market leader for crane and lifting 1 solutions with revenues of EUR 2.36 billion in 2024. Present in all regions with 30 production sites and a global, comprehensive sales and service network. Around 12,360 employees1) end of Q1/2025 1) Excluding equity investments and
Slide 3: High order intake provides solid foundation for the full year
HIGH ORDER INTAKE PROVIDES Q1/2025 SOLID FOUNDATION FOR THE FULL YEAR DECLINES IN REVENUE INCREASED ORDER FURTHER REDUCTION IN AND PROFIT AS INTAKE SINCE Q4/2024, FINANCIAL DEBT FORECASTED ESPECIALLY IN EMEA 3
Slide 4: Significant events in Q1/2025
SIGNIFICANT EVENTS IN Q1/2025 PALFINGER MARINE secures order to equip Royal Caribbean's Icon Class with innovative rescue equipment. PALFINGER at bauma 2025: Innovative lifting solutions with exclusive world premieres and more than 100,000 visitors. Annual General Meeting approves dividend of EUR 0.
Slide 5: Resilience through industry diversity
RESILIENCE THROUGH INDUSTRY DIVERSITY 7% 13% RENTAL TRANSPORT & LOGISTICS 10% FORESTRY 12% MARINE 12% PUBLIC SECTOR & RAILWAY 13% 11% INFRA- WASTE STRUCTURE MANAGEMENT & RECYCLING 10% 12% PRIVATE BUILDING HOUSING CONSTRUCTION 5
Slide 6: Innovative and powerful product portfolio
INNOVATIVE AND POWERFUL PRODUCT PORTFOLIO LOADER TIMBER / TAIL LIFTS MARINE DAVITS CRANES RECYCLING CRANES PASSENGER AERIAL WORK TURNKEY DIGITAL OFFSHORE BOATS SYSTEMS PLATFORMS SOLUTIONS SOLUTIONS CRANES HOOK LIFTS & TRUCK-MOUNTED RAILWAY WIND WINCHES SKIPLOADERS FORKLIFTS SYSTEMS CRANES 6
Slide 7: Sustainability is a key component of the strategy and a driver of further growth
SUSTAINABILITY IS A KEY COMPONENT OF THE STRATEGY AND A DRIVER OF FURTHER GROWTH High Low working safety carbon emissions2 Accident rate (TRIR1) 8.48 CO2e 10,913 + 14% vs. Q1/2024 - 1% vs. Q1/2024 1) (total reportable injuries / 1 million working hours) 2) Scope 1 and 2 emissions (direct and indirec
Slide 8: Segment Sales & Service
SEGMENT SALES & SERVICE Vision and Strategy 2030 8
Slide 9: Positive global development
Sales & Service segment POSITIVE GLOBAL DEVELOPMENT NAM: slight growth but subdued demand, Trump’s tariff policy is causing great unrest and uncertainty. APAC: Growth in the emerging Indian market. Modest recovery in Chinese market. MARINE: Earnings and revenue at a high level – good demand in servi
Slide 10: Rising order book since Q4/2024 and a significant increase in service share
Sales & Service segment RISING ORDER BOOK SINCE Q4/2024 AND A SIGNIFICANT INCREASE IN SERVICE SHARE in EUR million Q1/20231) Q1/2024 Q1/2025 Δ% External revenue 530.0 513.3 495.2 -3.5% EBITDA 50.4 64.6 58.4 -9.6% EBIT 44.6 59.6 53.0 -11.1% EBIT margin 8.4% 11.6% 10.7% – in EUR million Q1/20231) Q1/2
Slide 11: Segment Operations
SEGMENT OPERATIONS Vision and Strategy 2030 11
Slide 12: Growth in order intake requires capacity increase in EMEA
Operations segment GROWTH IN ORDER INTAKE REQUIRES CAPACITY INCREASE IN EMEA Reduced external revenue in production for third parties due to the difficult economic environment. Capacity expansion in LATAM as a result of high order intake in Brazil and Argentina. Increase in production capacity in EM
Slide 13: Performance impacted by lower utilization
Operations segment PERFORMANCE IMPACTED BY LOWER UTILIZATION in EUR million Q1/2023 Q1/2024 Q1/2025 Δ% External revenue 47.5 38.2 34.4 -9.9% EBITDA 27.5 23,3 11.0 -52.8% EBIT 17.1 11.5 -1.3 -111.3% 13
Slide 14: Segment Other Non-Reportable Segments
SEGMENT OTHER NON-REPORTABLE SEGMENTS Vision and Strategy 2030 14
Slide 15: Continued positive earnings contribution from Tail Lifts
Other non-reportable segments CONTINUED POSITIVE EARNINGS CONTRIBUTION FROM TAIL LIFTS in EUR million Q1/20231) Q1/2024 Q1/2025 Δ% External revenue 14.1 27.1 23.0 -15.1% EBITDA -8.3 -11.3 -6.3 +44.2% EBIT -12.8 -16.4 -11.6 +29.3% 1) The carve-out of Tail Lift NAM took place in the 2024 fiscal year.
Slide 16: Palfinger Group
PALFINGER GROUP Vision and Strategy 2030 16
Slide 17: Revenue and earnings in Q1 currently below previous year
PALFINGER Group REVENUE AND EARNINGS IN Q1 CURRENTLY BELOW PREVIOUS YEAR in EUR million Q1/2023 Q1/2024 Q1/2025 Δ% Revenue 591.6 578.5 552.5 -4.5% EBITDA 69.6 76.6 63.0 -17.8% EBIT (operating result) 48.9 54.7 40.1 -26.7% EBIT margin 8.3% 9.5% 7.3% - Consolidated net result 25.6 32.5 22.0 -32.3% In
Slide 18: Improvement in gearing and equity – further reduction in financial debt
PALFINGER Group IMPROVEMENT IN GEARING AND EQUITY – FURTHER REDUCTION IN FINANCIAL DEBT in EUR million 31.03.2023 31.03.2024 31.03.2025 Equity 675.6 739.2 806.0 Equity ratio 33.6% 33.9% 36.3% Net debt 641.4 698.5 639.7 xx Gearing 94.9% 94.5% 79.4% Net debt/EBITDA 2.57 2.25 2.43 ROCE*) 9.6% 11.5% 9.2
Slide 19: EUR 21 million free cash flow already in Q1
PALFINGER Group EUR 21 MILLION FREE CASH FLOW ALREADY IN Q1 in EUR million Q1/2023 Q1/2024 Q1/2025 EBTDA 63.8 66.7 54.4 +/- non-cash income from at-equity 2.5 1.0 1.2 companies +/- change in working capital -29.9 -44.3 -11.6 +/- cash flow from tax payments -0.7 -11.0 -7.6 Cash flow from operating ac
Slide 20: Potential sale of treasury shares
POTENTIAL SALE OF TREASURY SHARES Based on an agreement with Sany to dissolve the cross-shareholding: Repurchase of treasury shares in July 2022, purchase price of EUR 35.20 per share. Ad hoc announcement dated April 1, 2025: Start of the evaluation of a private placement of the 2,826,516 treasury s
Slide 21: Outlook
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Slide 22: APAC – Growth Strategy
APAC – GROWTH STRATEGY Target: EUR 300 million in revenue by 2030. Tailored strategies for India, China, and the rest of the Asian region, including exports to other regions. Construction of an assembly plant in India for loader cranes, hookloaders and aerial work platforms. Investments of more than
Slide 23: We are aiming for the second-best financial year in the company's history
WE ARE AIMING FOR THE SECOND-BEST FINANCIAL YEAR IN THE COMPANY'S HISTORY Recovery in order intake in the European core markets - positive earnings development expected from Q2 onwards. The target for 2025 is to increase revenue and EBIT compared to the previous year. Positive momentum in share pric
Slide 24: Financial targets for 2027 – significant increase in revenue targeted
FINANCIAL TARGETS FOR 2027 – SIGNIFICANT INCREASE IN REVENUE TARGETED #1 Market leader in crane and lifting solutions € 2.7 billion Revenue from organic growth 10% >12% EBIT margin ROCE 24
Slide 25: Q&A
Q&A
Slide 26: Investor Relations Contact
INVESTOR RELATIONS CONTACT ANDREAS KLAUSER FELIX STROHBICHLER HANNES ROITHER CEO CFO VP IR +43 662 2281-81008 +43 662 2281-81006 +43 662 2281-81100 a.klauser@palfinger.com f.strohbichler@palfinger.com h.roither@palfinger.com PALFINGER AG Lamprechtshausener Bundesstraße 8 This presentation contains f