Slide 1: Full-Year Results 2024
Full-Year Results 2024 Media and Investor Presentation, March 13, 2025 Thomas Oetterli, Group CEO Oliver Streuli, Group CFO
Slide 2: Agenda
Agenda 01 Key Messages 02 Market 03 Strategy Execution 04 Financials 05 Outlook 2025 Full-Year Results 2024 . Media & Investor Presentation . March 13, 2025 Page 2
Slide 3: Key Messages
1 Key Messages Full-Year Results 2024 . Media & Investor Presentation . March 13, 2025 Page 3
Slide 4: Rieter Group – Key Messages
Rieter Group – Key Messages Order Intake Leadership Team Share in Renewable Energy Used CHF 725.5 million (+34%) Strengthened 28.6% (+5.7pp) Sales Market Outlook Females in Management CHF 859.1 million (-39%) Remains challenging 15.3% (+2.7pp) EBIT Competitive Position Occupational Accidents CHF 28.
Slide 5: Group Leadership Changes
Group Leadership Changes Rieter has strengthened and extended its Group Executive Committee to six members Thomas Oetterli Roger Albrecht Alexander Özbahadir Chief Executive Officer Head Machines & Systems Division Head After Sales Division Joined January 2025 Oliver Streuli Serge Entleitner Emmanue
Slide 6: Market
2 Market Full-Year Results 2024 . Media & Investor Presentation . March 13, 2025 Page 6
Slide 7: Global Economic and Textile Indicators
Global Economic and Textile Indicators 2024 was a year of retail sales growth in major economic regions, while spinners’ revenues remained unchanged Retail sales (apparel and clothing) Spinning mill sales USD billion Index (2020: 100) 474 487 139.9 141.5 442 1 415 123.9 119.1 394 100.0 303 307 314 2
Slide 8: Capacity Utilization and Profitability in Spinning Mills
Capacity Utilization and Profitability in Spinning Mills Spinning mill utilization Spinner’s margin (cotton) Average in % CHF/kg 96 1.44 87 1.32 82 84 85 80 1.07 1.07 67 68 68 1.03 0.94 0.96 0.94 61 60 55 56 0.86 51 50 0.77 0.74 0.70 0.74 0.73 0.63 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 R
Slide 9: Current Market Situation
Current Market Situation Market recovery continues to be spearheaded by Asia RoW India China ‒ Africa ‒ Increasing volumes ‒ Continued positive investment Market ‒ Asian countries1 ‒ Increasing mill utilization sentiment ‒ Europe ‒ Still rather low margins ‒ Remains strongest market ‒ North and Sout
Slide 10: Strategy Execution
3 Strategy Execution Full-Year Results 2024 . Media & Investor Presentation . March 13, 2025 Page 10
Slide 11: Rieter Makes the Difference
Rieter Makes the Difference What we aspire to achieve… Vision Rieter in every spinning mill What we do… Mission Rieter provides leading technology for fiber processing Where we win… Technology Customer Automation Innovative Solutions Financing Leadership Service and Digitization How we win… Sales Co
Slide 12: Innovative Solutions – Update
Innovative Solutions – Update Project portfolio on track, promising pipeline for ITMA 2027 in Hannover Technology Leadership Customer Service Automation and Digitization Card 81 benchmarking Distribution network AI applications ‒ Mill comparison against competitor ‒ Strong focus on improvement of ‒
Slide 13: Investments Into Innovation
Investments Into Innovation Agile structure achieved in R&D Research and development expenses CHF million 77.9 76.8 ‒ Investments into research and development in the financial year 2024 amounted to CHF 50.0 million (5.8% of sales) 58.4 52.5 ‒ Rieter successfully and sustainably adapted its cost 50.
Slide 14: Financials
4 Financials Full-Year Results 2024 . Media & Investor Presentation . March 13, 2025 Page 14
Slide 15: Financials – Key Messages
Financials – Key Messages Sales Cost Base Order Intake CHF 859.1 million (-39%) Significantly reduced CHF 725.5 million (+34%) EBIT Free Cash Flow Order Backlog CHF 14.1 million CHF 28.0 million (-73%) (2023: 118.7 million) CHF 530 million (-18%) Net Profit Net Debt Dividend Proposal CHF -230.3 mill
Slide 16: Order Intake
Order Intake Increase in order intake driven by strong rebound in order momentum in Machines & Systems Division CHF million +34% -17.9 8.1 -21.5 725.5 215.0 541.8 2023 Machines & Systems Components After Sales FX impact 2024 (in local currencies) (in local currencies) (in local currencies) Full-Year
Slide 17: Sales
Sales Decline in sales due to lower volumes in Machines & Systems Division CHF million -39% 1’418.6 -536.6 -14.7 4.8 859.1 -13.0 2023 Machines & Systems Components After Sales FX impact 2024 (in local currencies) (in local currencies) (in local currencies) Full-Year Results 2024 . Media & Investor P
Slide 18: Order Backlog
Order Backlog Order backlog remained in line with the long-term average CHF million 1’840 ‒ Order cancellations in 2024 on a normal level ‒ Order backlog by the end of 2024 amounts to 1’540 roughly half of a “low” scenario sales volume 650 560 530 2020 2021 2022 2023 2024 Full-Year Results 2024 . Me
Slide 19: EBIT
EBIT Volume impact almost compensated by cost measures EBIT EBIT b.r.a.i.1 CHF million CHF million 20 120 104.8 00 100 86.9 80 80 60 60 40 -18.2 40 33.8 31.5 28.0 -152.1 20 20 0 26.8 0 7.4% 3.3% 6.1% 3.9% 20 -20 35.2 40 -40 60 -60 2023 Gross Profit Gross Profit R&D SG&A Other 2024 20232 2024 (Volume
Slide 20: Cash Conversion
Cash Conversion Cash flow conversion well above 100% despite cash-outs related to the “Next Level” performance program Free cash flow Cash flow impact from NWC CHF million CHF million 9.5 -2.7 Receivables 63.8 -34.5 Inventories 39.7 54.9 -25.6 -3.1 Payables 14.1 10.4 2.1 Advance payments -90.9 and o
Slide 21: Capex and Depreciation
Capex and Depreciation Rieter pursued a very disciplined approach regarding capital expenditures Capital expenditures Depreciation and amortization (excl. PPA) CHF million CHF million 80 80 14 122.5 123.2 70 70 12 60 60 93.8 88.5 10 50 46.7 50 43.9 80 41.2 40.3 40 38.6 40 37.9 32.3 31.5 60 30 28.6 3
Slide 22: Financial Position
Financial Position Rieter has successfully strengthened its equity position Net debt Equity CHF million CHF million 33.7% 41.0% 28.8% 410.4 -2.9 230.3 376.7 9.1 33.5 41.3% 191.2 -14.1 13.5 2023 Free Dividend Recognition of M&A effects Other (net) 2024 2023 2024 Gearing cash flow lease liabilities Eq
Slide 23: Dividend Proposal to the Shareholders
Dividend Proposal to the Shareholders Dividend per share CHF 4.00 ‒ Board of Directors’ proposal: Dividend of CHF 2.00 4.0 240 per share 220 3.5 3.00 200‒ Payout ratio of 85.8% 3.0 180 160‒ Rieter aims to achieve an equity ratio of >35% 2.5 140 2.00 2.0 120 1.50 85.8 100 1.5 56.8 55.6 80 1.0 60 18.2
Slide 24: Outlook 2025
5 Outlook 2025 Full-Year Results 2024 . Media & Investor Presentation . March 13, 2025 Page 24
Slide 25: Outlook 2025
Outlook 2025 ‒ Rieter expects a challenging first half in 2025 with regard to sales volume and a stronger second half-year depending on the further market recovery. ‒ As a consequence, Rieter anticipates a sales volume at the previous year’s level for the full year 2025. ‒ Despite this exceptionally
Slide 26: Q&A
Q&A Full-Year Results 2024 . Media & Investor Presentation . March 13, 2025 Page 26
Slide 27: Disclaimer
Disclaimer Rieter is making great efforts to include accurate and up-to-date information in this document, however we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoever
Slide 28: Appendix
Appendix Full-Year Results 2024 . Media & Investor Presentation . March 13, 2025 Page 28
Slide 29: Order Intake by Division
Order Intake by Division Difference in CHF million 2023 2024 Difference local currency Rieter 541.8 725.5 34% 38% Machines & Systems 159.4 364.2 128% 135% Components 229.0 206.6 -10% -8% After Sales 153.4 154.7 1% 5% Difference in CHF million HY1 2024 HY2 2024 Difference local currency Rieter 403.4
Slide 30: Sales by Division
Sales by Division Difference in CHF million 2023 2024 Difference local currency Rieter 1 418.6 859.1 -39% -39% Machines & Systems 965.0 424.9 -56% -56% Components 266.2 247.6 -7% -6% After Sales 187.4 186.6 0% 3% Difference in CHF million HY1 2024 HY2 2024 Difference local currency Rieter 421.0 438.
Slide 31: Sales by Region
Sales by Region Difference in CHF million 2023 2024 Difference local currency Rieter 1 418.6 859.1 -39% -39% Asian countries1 361.8 166.2 -54% -54% China 188.0 172.8 -8% -6% India 224.5 121.2 -46% -45% Türkiye 221.3 158.9 -28% -27% North and South America 182.5 118.7 -35% -34% Europe 75.7 48.6 -36%
Slide 32: Financial Key Figures
Financial Key Figures CHF million FY 2023 HY1 2024 HY2 2024 FY 2024 Order Intake 541.8 403.4 322.1 725.5 Sales 1 418.6 421.0 438.1 859.1 Gross profit 380.3 122.2 141.2 263.4 EBITDA 163.5 35.7 47.2 82.9 EBIT 104.8 8.9 19.1 28.0 Net profit 74.0 1.7 8.7 10.4 Free cash flow 118.7 -1.1 15.2 14.1 Net debt
Slide 33: Key Data per Share
Key Data per Share Rieter registered shares of CHF 5 nominal value Bloomberg: RIEN SW, Thomson Reuters: RIEN.S 31/12/2023 30/06/2024 31/12/2024 Shares issued 4 672 363 4 672 363 4 672 363 (end of period) Treasury shares 180 549 166 962 151 962 (end of period) Shares outstanding 4 491 814 4 505 401 4
Slide 34: Financial Calendar
Financial Calendar Annual General Meeting 2025 April 24, 2025 Semi-Annual Report 2025 July 18, 2025 Investor Update 2025 October 22, 2025 Results press conference 2026 February 26, 2026 Deadline for proposals regarding the agenda of the Annual General Meeting March 3, 2026 Annual General Meeting 202