Exasol Ag · XETR:EXL
Exasol — H1 2026 Earnings Presentation
25 slides from Exasol's earnings presentation, Aug 19, 2026
Slide 1: Investor Call – H1 2026 Unaudited Figures
Investor Call – H1 2026 Unaudited Figures Jörg Tewes (CEO), Jan-Dirk Henrich (CFO) W e bc a s t – 1 9 A u g u s t 20 2 6 Exasol - Internal
Slide 2: Topics for today
Topics for today Jörg Tewes, CEO Jan-Dirk Henrich, CFO 2 Exasol - Internal
Slide 3: Disclaimer
Disclaimer This presentation contains future-oriented, forward-looking statements (“Forward- looking Statements”), estimates, opinions, projections and forecasts representing the current assessments and views with respect to anticipated future performance of Exasol AG. These assessments, views and F
Slide 4: Business Update H1 2026
Business Update H1 2026 Exasol - Internal
Slide 5: Summary Current Trading H1 2026
Summary Current Trading H1 2026 Y-o-Y Recurring Revenue slightly up driven by substantial churn reduction • ARR churn-rate decreased to 10% (FY25: 24%); FY26 churn/downsell of app. 10% expected vs Revenue: ARR total: >20% in FY25 19.0m EUR 37.9m EUR Revenue and EBITDA development continued to be aff
Slide 6: Reduced downsell/churn benefits not fully harvested due to slower upsell
Benefits of significantly reduced downsell/churn dynamic could not be fully harvested due to slowdown in upsell dynamic In EUR million, in percent H1 2026 H1 2025 4.1 3.7 -3.59 (-9%) 41.7 0.4 -0.47 4.4 0.8 (-1%) 38.4 1.1 0.3 1.2 37.9 38.1 11 new Thereof 86% customers, from focus- thereof 8 in vertic
Slide 7: Strategy Update: Promising results for sovereign AI
Strategy Update: Promising results for sovereign AI Deployment type On-prem Own-cloud Hybrid SaaS Data Warehousing Continue to pursue growth with core offering to customers in focus-industries Analytics Acceleration Use Case Enable sovereign AI tooling and agent orchestration for our Sovereign AI cu
Slide 8: Exasol's technology - delivering customer benefits for Agentic AI
Exasol’s technology - delivering customer benefits for Agentic AI installments Exasol - Internal
Slide 9: What is driving Exasol's market opportunities
What is driving Exasol's market opportunities ▪ Data Sovereignty increases the demand for European database infrastructure solutions ▪ Agentic AI results in exploding data analytics and number of data requests 9
Slide 10: Exasol database positioned for the new world of Agentic AI applications
Exasol database positioned for the new world of "Agentic AI" applications We are the Sovereign Agentic Database for the new world of AI agents... AI agents will take over and automate a wide range of processes and analyses within organizations. AI applications and AI agents will not replace data ana
Slide 11: Sovereign Agentic Database addresses challenges posed by AI agents
...as our Sovereign Agentic Database addresses the challenges posed by AI agents with ist umatched speed, massive compute power, and excellent price- performance. Sovereign by design Built for AI agents Faster to production Control where data runs, how Handle many AI agents, applications, Build, val
Slide 12: Agentic AI use cases
Agentic AI use cases Telecommunications Healthcare Pharmaceutical Financial/Insurance T-Mobile US Piedmont Healthcare US compmany Helsana Use Case: Use Case: Use Case: Use Case: Forecasts for network usage and Bed, capacity and patient Data analysis of patient studies Data Warehouse | Analytics | in
Slide 13: Capital Markets Day in October 2026
Capital Markets Day in October 2026 A comprehensive AI strategy deep-dive for investors is coming up ahead of the Capital Markets on October 15th, 2026. 13
Slide 14: Trading update H1 2026
Trading update H1 2026 Exasol - Internal
Slide 15: Focus-vertical growth and lower non-focus churn stabilized net ARR change in Q2
Focus-vertical growth and lower non-focus vertical churn stabilized net ARR change in Q2 ARR in mEUR, at const. FX and methodology, in percent, # of customers 2026 figures are preliminary and unaudited 41.7 Comments 2.5 1.1 38.4 37.9 • Focus-verticals remained stable 0.3 0.0 0.6 0.1 YoY, with slight
Slide 16: ARR bridge Q2 2026
ARR bridge Q2 2026 – Improvement in y-o-y growth dynamic driven by recovery in churn rate ARR in mEUR, at const. FX and methodology, in percent, # of customers 2026 figures are preliminary and unaudited Focus and Non-Focus Verticals -0.2 (-0.5%) Comments • Gross upsell rate at 106% (vs. 113% in prev
Slide 17: 12-month rolling churn-rate now back to end 2023 levels
12-month rolling churn-rate now back to end 2023 levels EoP value, LTM churn in percent of ARR 12 months before 27 25 -15 24 LTM Churn rate 20 19 = Total 15 15 15 business lost in LTM 11 vs. 10 9 Total 8 6 7 business 12 months ago 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 25Q2 25Q3 25Q4 26Q1 26Q2
Slide 18: Focus vertical share remained stable YoY due to reduced upsell dynamic
Focus vertical share remained stable YoY due to reduced upsell dynamic ARR in mEUR, at const. FX, in percent of total 2026 figures are preliminary and unaudited -0.5% 28.9 38.4 37.9 38.1 37.9 100% Focus 11.5 Verticals (40%) 26.2 26.3 26.1 26.3 +1% (68%) (69%) (69%) (69%) Non-Focus 17.4 Verticals (60
Slide 19: Sustained path of profitability on EBITDA and Net Income level
Sustained path of profitability on EBITDA and Net Income level In mEUR 2026 2025 2026 figures are preliminary and unaudited Q2 2026 Q2 2025 Change ytd ytd Change Revenue 9.5 9.1 +0.4 19.0 21.5 -2.5 - thereof recurring revenue 9.4 9.1 +0.3 18.9 18.6 +0.3 - thereof non-recurring revenue 0.1 0.0 +0.1 0
Slide 20: Liquid funds (net cash) at 22.2m EUR as of end Q2 2026
Liquid funds (net cash) at 22.2m EUR as of end Q2 2026 Liquid Funds* in mEUR -0.6 +3.7 +1.7 +0.6 22.2 21.6 18.7 15.0 12.7 13.3 End 2022 End 2023 End 2024 End 2025 Q2 2025 Q2 2026 * incl. short- & long-term financial assets 20
Slide 21: Outlook & Summary
Outlook & Summary Exasol - Internal
Slide 22: Financial Outlook 2026 (updated)
Financial Outlook 2026 (updated) In mEUR, in percent 2026 Guidance 2026 Guidance 2025 Actuals (old) (updated) Growth in mid-single- ARR growth -8.0% +/- 2.0% digit percentage range Decline in mid-single- Decline in upper-single- Revenue Growth +5.7% digit percentage range digit percentage range EBIT
Slide 23: Financial Calendar 2026
Financial Calendar 2026 February 3 FY ‘25 preliminary results (Webcast) February 4 HIT Conference (Hamburg) March 19 Annual Report 2025 May 7 FY ‘25 final results & Q1 ‘26 trading update (Webcast) May 11/12 Spring Conference (Frankfurt) June 11 Annual General Meeting (virtual) 2026 August 19 H1 ‘24
Slide 24: Key takeaways
Key takeaways • H1 2026 with mixed results: While cutomer growth is gaining momentum and churn-rate declined substantially, existing customers postponing expected and planned investments in the extension of their data infrastructure systems • Y-o-Y Recurring Revenue grew slightly and net profit of E
Slide 25: Thank you! Q&A Session
Thank you! Q&A Session Exasol - Internal