Mutares Se & Co. Kgaa · XETR:MUX

Mutares Se & Co. Kgaa — FY 2025 Earnings Presentation

18 slides from Mutares Se & Co. Kgaa's earnings presentation, Apr 28, 2026

1. Slide 1: Global leader in PE turnarounds

   Global leader in PE turnarounds FY 2025 Earnings Call April 28, 2026

2. Slide 2: Agenda

   Agenda 1 Management Summary & Business Model 2 FY 2025 Financials 3 Portfolio Update 4 Outlook 2

3. Slide 3: Management Summary

   Management Summary  Holding Net Income at EUR 130.4 million and Group Revenues at EUR 6.5 bn for FY 2025; mid-term target of +25% growth per year by 2030  Minimum Dividend of EUR 2.00 per share  Successful capital increase with high demand in over subscription and internationalization of investor

4. Slide 4: Investment highlights

   Asia North America Investment highlights Tokyo Chicago Mumbai Shanghai Global leader in PE turnarounds Helsinki Stockholm Strong track record of acquisitions & divestments London Amsterdam Warsaw Frankfurt Financial profile combining Paris growth & profitability Munich (HQ) Vienna Milan Operating mo

5. Slide 5: Agenda

   Agenda 1 Management Summary & Business Model 2 FY 2025 Financials 3 Portfolio Update 4 Outlook 5

6. Slide 6: Key financials

   Key financials Revenues EBITDA Adjusted EBITDA FY 2025 of Mutares Group EUR 6.5 bn EUR 675.3 m EUR -31.2 m and Holding (previous year: EUR 5.3 bn) (previous year: EUR 117.1 m) (previous year: EUR -85.4 m) Group Acquisition Acquisition Realignment/Optimization Positive impact through buy-side Positiv

7. Slide 7: Portfolio segmentation redefined to drive strategic alignment and growth

   Portfolio segmentation redefined to drive strategic alignment and growth  Increase in revenues due to new add-on FY 2025 FY 20241) acquisitions made in FY 2025 for Amaneos, SFC and FerrAl United Automotive & Mobility  Focus on consolidation of the two large Revenues 2,506.6 2,223.2 groups (Amaneos

8. Slide 8: Well diversified portfolio across lifecycle stages (as of December 31, 2025)

   Well diversified portfolio across lifecycle stages (as of December 31, 2025) Revenues (EURm)1) Adj. EBITDA (EURm)1) Harvesting FY 2025 FY 2024 FY 2025 FY 2024 1,804.8 116.7 680.2 39.2 Optimization 3,626.1 10.1 2,674.8 Realignment -14.7 2,008.7 Holding period approx. 3-5 years 958.3 1) Financials inc

9. Slide 9: Agenda

   Agenda 1 Management Summary & Business Model 2 FY 2025 Financials 3 Portfolio Update 4 Outlook 9

10. Slide 10: Current status of new segmentation with well diversified portfolio

    Current status of new segmentation with well diversified portfolio with annualized revenues of EUR >10 bn Automotive & 4 Engineering & 11* Infrastructure & 5 Mobility Companies Technology Companies Special Industry Companies Early cyclical, Late cyclical, Non-cyclical, annualized rev. EUR ~3.1 bn an

11. Slide 11: Efacec

    Case Study Engineering & Technology Efacec Provider of energy, engineering and mobility Porto (HQ) solutions Helsinki Stockholm Silkeborg Key Facts Helsinki Headquarters Porto, Portugal Company Overview Employees ca.1,660 FTEs  Established in 1948, Efacec is a Portuguese integrated engineering Foun

12. Slide 12: NEM Energy Group

    Case Study Engineering & Technology NEM Energy Group Leading global heat transfer technology Zoeterwoude company Zoeterwoude (HQ) Key Facts Helsinki Zoeterwoude, the Headquarters Netherlands Company Overview Employees ca. 400 FTEs  NEM Energy B.V. (founded in 1929) and NEM Balcke Dürr GmbH Founded

13. Slide 13: Magirus

    Case Study Infrastructure & Special Industry Magirus Firefighting, disaster control, and protected special vehicles Company Overview Ulm (HQ) Key Facts Headquarters Ulm, Germany Company Overview Employees > 1650 FTEs  Magirus is a leading provider of mission-critical firefighting, disaster Founded

14. Slide 14: Agenda

    Agenda 1 Business Model 2 FY 2025 Financials 3 Portfolio Update 4 Outlook 14

15. Slide 15: Borealis Wärtsilä Gas Solutions

    Case Study Engineering & Technology Borealis Wärtsilä Gas Solutions Provider of engineering and supply services to the maritime and onshore LNG, LPG, Bio-LNG and Biogas industries Asker (HQ) Key Facts Helsinki Headquarters Asker, Norway Employees ca. 485 FTEs Signed in 2025 (closing Acquired by Muta

16. Slide 16: Jadeed The ETP Business

    Case Study Chemicals & Materials Jadeed The ETP Business Provider of engineered thermoplastics Houston (HQ) Key Facts Helsinki Headquarters Houston, Texas, US Company Overview Employees ca. 2,900 FTEs  Jadeed - The ETP Business is a leading global provider of Acquired by Mutares Signed in 2026 (clo

17. Slide 17: Geschäftsmodell

    Geschäftsmodell

18. Slide 18: Thank you for your participation!

    Thank you for your participation! This document has been prepared by Mutares SE & Co. KGaA solely for the use in this presentation. The information contained in this document has not been independently verified. No representation or warranty - whether expressed or implied – is made as to, and no rel

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