Slide 1: Interim report 1 January to 30 June 2024
Krones Group Interim report for the period from 1 January to 30 June 2024 H124
Slide 2: Contents of the interim report
1 To our shareholders 2 INTERIM CONSOLIDATED MANAGEMENT REPORT 3 Interim consolidated financial statements for the period ended 30 JUNE 2024 4 Other information
Slide 3: To our shareholders
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT 1 To our shareholders Highlights and key figures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Letter from the
Slide 4: Highlights and key figures
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information Highlights and key figures MANAGEMENT REPORT STATEMENT 1|4 Highlights and key figures Krones reports very good first half year – significant increase in Key figures for H1 2024 1 Jan – 30 Jun 1
Slide 5: Letter from the Executive Board
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information Letter from the MANAGEMENT REPORT STATEMENT Executive Board 1|5 Letter from the Executive Board Dear shareholders and friends of Krones, Investment and a strong team: the basis for a successful
Slide 6: The Krones strategy
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information Strategy MANAGEMENT REPORT STATEMENT 1|6 The Krones strategy Shaping a sustainable and successful future Krones adopts mid-term financial targets to 2028 Krones developed a new, ambitious target
Slide 7: Sustainability: net zero greenhouse gas emissions by 2040
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information Strategy MANAGEMENT REPORT STATEMENT 1|7 Sustainability: net zero greenhouse gas emissions by 2040 Krones has also set itself ambitious targets for its non-financial performance indicators. In a
Slide 8: The Krones share
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information The Krones share MANAGEMENT REPORT STATEMENT 1|8 The Krones share Positive first half year on the stock markets in 2024 Krones share price compared with the MDAX from 1 January to 30 June 2024 F
Slide 9: Analyst recommendations and shareholder structure
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information The Krones share MANAGEMENT REPORT STATEMENT 1|9 On March 26, our share price surpassed its 2018 all-time high of €122.80 and Shareholder structure at 30 June 2024 closed at €123.40. At the end
Slide 10: Interim consolidated management report
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT 2 INTERIM CONSOLIDATED MANAGEMENT REPORT Economic environment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slide 11: Economic environment
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Economic environment 2 | 11 Economic environment Global economy expected to grow 3.2% in 2024 pects increasingly dynamic growth in the Middle East/Central Asia region
Slide 12: Revenue
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Revenue 2 | 12 Revenue Krones increases revenue by 10.1% in first half of 2024 In the first six months of 2024, Krones’ revenue climbed by 10.1% year on year, from €2
Slide 13: Revenue by region
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Revenue 2 | 13 Revenue by region In the large North and Central America sales region and in South America/Mex- ico, business picked up in the second quarter. From Jan
Slide 14: Order intake and order backlog
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Order intake and order backlog 2 | 14 Order intake and order backlog Strong demand for Krones products and services Order intake from 1 Jan to 30 Jun (€ million) Orde
Slide 15: Order backlog of €4.36 billion
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Order intake and order backlog 2 | 15 The company has a very large order backlog of €4.36 billion Order backlog at 30 Jun (€ million) Krones’ order backlog as of As f
Slide 16: Earnings
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Earnings 2 | 16 Earnings Krones continues profitable growth – EBITDA up 15.7% Earnings before taxes (EBT) increased by 15.3% year on year, from €161.1 million to €185
Slide 17: Krones Group earnings structure
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Earnings 2 | 17 Krones Group earnings structure € million 2024 2023 Change Earnings per share from 01 Jan to 30 June (€) Earnings per share in Q (€) 1 Jan – 30 Jun 1
Slide 18: Goods and services purchased and personnel expenses
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Earnings 2 | 18 Goods and services purchased and material expense ratio from 1 Jan to 30 Jun (€ million, %) Personnel expenses and personnel expense ratio from 1 Jan
Slide 19: Other operating expenses and net income
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Earnings 2 | 19 At €378.0 million, other operating expenses were 3.8% higher in the reporting Net income from 1 Jan to 30 Jun (€ million) Net income in Q2 (€ million)
Slide 20: Statement of cash flows
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Consolidated cash flow 2 | 20 Statement of cash flows € million 2024 2023 Krones Group working capital to revenue at 30 June (%, average over four quarters) 1 Jan – 3
Slide 21: Significant improvement in free cash flow
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Consolidated cash flow 2 | 21 Significant improvement in free cash flow The company had a total cash outflow from financing Despite M&A activities, high- er investmen
Slide 22: Assets and capital structure
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Assets and capital structure 2 | 22 Assets and capital structure € million 30 Jun 2024 31 Dec 2023 30 Jun 2023 31 Dec 2022 Cash and cash equivalents at 30 June (€ mil
Slide 23: Equity ratio and ROCE
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Assets and capital structure 2 | 23 Equity ratio Krones group at 30 June (%) ROCE in %, from 1 January to 30 June 41.2 38.7 40.1 38.5 18.8 38.0 40 20.0 17.3 30 15.0 1
Slide 24: Filling and Packaging Technology
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Report from the segments 2 | 24 Report from the segments Filling and Packaging Technology Segment revenue Segment earnings In the first six months of In Filling and P
Slide 25: Process Technology
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Report from the segments 2 | 25 Process Technology Segment revenue Segment earnings At 18.6%, revenue growth After a good first quarter (revenue increase of The profi
Slide 26: Intralogistics
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Report from the segments 2 | 26 Intralogistics Segment revenue Segment earnings Krones expects business in The international market environment for intralogis- The fo
Slide 27: Employees
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Employees 2 | 27 Employees Krones employees worldwide at 30 June Krones employs 19,534 people worldwide Employees in Germany: 10,861 Krones increased the number Krone
Slide 28: Risk and opportunity report
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Risk and opportunity report Events after the reporting period 2 | 28 Risk and opportunity report | Events after the reporting period Krones’ risk management system In
Slide 29: Summary assessment and events after the reporting period
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Risk and opportunity report Events after the reporting period 2 | 29 Summary assessment From today’s perspective, Krones is not exposed to any risks that threaten the
Slide 30: Report on expected developments
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Report on expected developments 2 | 30 Report on expected developments Krones confirms full-year financial targets for 2024 All forecast figures for 2024 include the
Slide 31: Interim consolidated financial statements
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT 3 Interim consolidated financial statements for the period ended 30 June 2024 Condensed consolidated statement of profit or loss . . . . . . . . . . . . . . . 32 Cond
Slide 32: Statement of profit or loss, 1 January to 30 June 2024
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Condensed consolidated statement of profit or loss 3 | 32 Condensed consolidated statement of profit or loss from 1 January to 30 June 2024 € million 2024 2023 Change
Slide 33: Statement of profit or loss, 1 April to 30 June 2024
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Condensed consolidated statement of profit or loss 3 | 33 Condensed consolidated statement of profit or loss from 1 April to 30 June 2024 € million 2024 2023 Change 1
Slide 34: Statement of financial position – Assets
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Condensed consolidated statement of financial position 3 | 34 Condensed consolidated statement of financial position – Assets € million 30 June 2024 31 Dec 2023 Intan
Slide 35: Statement of financial position – Equity and liabilities
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Condensed consolidated statement of financial position 3 | 35 Condensed consolidated statement of financial position – Equity and liabilities € million 30 June 2024 3
Slide 36: Condensed consolidated statement of cash flows
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Condensed consolidated statement of cash flows 3 | 36 Condensed consolidated statement of cash flows € million 2024 2023 1 Jan – 30 Jun 1 Jan – 30 Jun Earnings before
Slide 37: Statement of changes in equity
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Condensed consolidated statement of changes in equity 3 | 37 Condensed consolidated statement of changes in equity Parent company Non-controlling Group equity interes
Slide 38: Statement of comprehensive income
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Consolidated statement of comprehensive income 3 | 38 Consolidated statement of comprehensive income € million 2024 2023 1 Jan – 30 Jun 1 Jan – 30 Jun Consolidated ne
Slide 39: Consolidated segment reporting
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Consolidated segment reporting 3 | 39 Consolidated segment reporting First half year Filling and Packaging Process Technology Intralogistics Krones Group € million Te
Slide 40: General disclosures
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT General disclosures 3 | 40 General disclosures Legal basis non-controlling interests is presented where applicable as a component of consolidated net income. The sh
Slide 41: Netstal acquisition
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT General disclosures 3 | 41 Netstal Group is a strategic milestone. As a leading supplier of injection The goodwill recognised for Netstal also relates to the integrat
Slide 42: Acquisition accounting and currency translation
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT General disclosures 3 | 42 Acquisition accounting is performed in accordance with IFRS 3 (Business This also applies for inter-company profits or losses from trade be
Slide 43: Exchange rates
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT General disclosures 3 | 43 In the separate financial statements of Krones AG and its subsidiaries, Closing rate Average rate receivables and liabilities in foreign c
Slide 44: Accounting policies and financial instruments
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT General disclosures 3 | 44 Accounting policies Other disclosures relating to financial instruments The separate financial statements of Krones AG and its domestic
Slide 45: Financial instruments, June 2024
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT General disclosures 3 | 45 30 Jun 2024 Measurement under IFRS 9 Measurement hierarchy € million Carrying Of which At amortised At fair value At fair value Measurement
Slide 46: Financial instruments, December 2023
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT General disclosures 3 | 46 31 Dec 2023 Measurement under IFRS 9 Measurement hierarchy € million Carrying Of which At amortised At fair value At fair value Measurement
Slide 47: Segment reporting
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT General disclosures 3 | 47 Segment reporting Krones reports on three operating segments, which are the strategic busi- ness units. These are organised by product di
Slide 48: Members of the Supervisory Board and the Executive Board
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT General disclosures 3 | 48 Members of the Supervisory Board and the Executive Board Pursuant to Section 8 (1) of the articles of association, eight members of the Sup
Slide 49: Shareholdings
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Shareholdings 3 | 49 Shareholdings Name and location of the company Share in capital held by Krones ag (%*) Ampco Pumps GmbH, Herxheim, Germany 90.00 Dekron GmbH, Kel
Slide 50: Shareholdings (continued)
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Shareholdings 3 | 50 Name and location of the company Share in capital held by Krones ag (%*) System Ltd., London, U.K. 80.00 Kosme S.r.l., Roverbella (Mn), Italy 100
Slide 51: Shareholdings (continued)
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Shareholdings 3 | 51 Name and location of the company Share in capital held by Krones ag (%*) Krones Surlatina S.a., Buenos Aires, Argentinia 100.00 Krones Pacific Pt
Slide 52: Shareholdings (continued)
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Shareholdings 3 | 52 Name and location of the company Share in capital held by Krones ag (%*) Systemlog De Mexico S.a. De C.v., Santa Caterina, Nuevo Leon, Mexico 80.
Slide 53: Other information
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT 4 Other InFormation Responsibility statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 Financial glossary .
Slide 54: Responsibility statement
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Responsibility statement 4 | 54 Responsibility statement “To the best of our knowledge, and in accordance with the applicable reporting principles for interim financi
Slide 55: Financial glossary
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Financial glossary 4 | 55 Financial glossary Cash flow All inflows and outflows of cash and cash equivalents during a Net cash Cash and highly liquid securities under
Slide 56: Contact, publishing information and financial calendar
1 | TO OUR SHAREHOLDERS 2 | INTERIM CONSOLIDATED 3 | INTERIM CONSOLIDATED FINANCIAL 4 | OTHER Information MANAGEMENT REPORT STATEMENT Contact Publishing information Financial calendar Krones ag Published by Krones ag This English language report is a 5 November 2024 Quarterly statement for the perio