Slide 1: KION GROUP AG Q2 2026 Update Call
KION GROUP AG Q2 2026 Update Call 30 July 2026 Rob Smith (CEO), Christian Harm (CFO) Frankfurt
Slide 2: Agenda
Agenda 01 Business Update Q2 2026 02 Financial Update 03 Outlook 2026 & Key Takeaways KION GROUP AG | Q2 2026 Update Call | 2026-07-30 2
Slide 3: Positive Q2 2026 with increase in Revenue and Adj. EBIT
Positive Q2 2026 with increase in Revenue and Adj. EBIT Order intake Revenue Adj. EBIT 1 Adj. EBIT margin1 Free cash flow2 EUR EUR EUR EUR 2.8 2.9 224 7.7 -25 bn. bn. m. % m. -20% YoY +8% YoY +18% YoY +70bp YoY -€157m YoY 1. Adjusted for PPA items and → Positive performance in Q2 2026 non-recurring
Slide 4: Business Update Q2 2026
Business Update Q2 2026 Investment in next-generation supply chain robotics AI driven Spare Parts Logistics KION is accelerating the development and industrialization of next-generation KION's spare parts distribution center supply chain robotics with a focus on autonomous pallet trucks which naviga
Slide 5: Agenda
Agenda 01 Business Update Q2 2026 02 Financial Update 03 Outlook 2026 & Key Takeaways KION GROUP AG | Q2 2026 Update Call | 2026-07-30 5
Slide 6: ITS – Key Financials
ITS – Key Financials Order intake impacted by pre-buying in Q1 – improvement in adj. EBIT margin 1 Change Change (in €m) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 QoQ YoY Order intake (in ’000 units) 70.0 60.3 70.6 72.6 69.1 -1% -5% Order intake 2,070 1,942 2,177 2,041 1,941 -6% -5% Order book 2,052 2
Slide 7: IAS – Key Financials
IAS – Key Financials Strong increase in revenue and adj. EBIT margin 1 Change Change (in €m) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 QoQ YoY Order intake 1,445 740 658 951 873 -40% -8% of which E-commerce (%)2 87% 24% 25% 50% 46% - - Order book 2,944 2,936 2,688 2,917 2,953 +0% +1% Revenue 698 769 9
Slide 8: KION Group – Key Financials
KION Group – Key Financials Strong order intake growth – improvement in adj. EBIT margin 1 Change Change (in €m) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 QoQ YoY Order intake 3,500 2,676 2,823 2,985 2,809 -20% -6% Order book 4,963 4,944 4,8922 5,139 5,070 +2% -1% Revenue 2,708 2,704 3,097 2,771 2,916
Slide 9: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income (in €m) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Change YoY Change QoQ ❶ Adj. EBITDA 457 456 495 472 497 +9% +5% Positive NRI mainly D&A –267 –266 –282 –267 –273 -2% -2% driven by release of a Adj. EBIT 189 190 213 205 224 +18% +9% provision, partially offset Non-recurri
Slide 10: Free Cash Flow
Free Cash Flow Free cash flow impacted by cash out for M&A, additional pension funding and efficiency program 1 (in €m) 142 -50 Increase in NWC due 210 -161 3 to higher trade -49 92 receivables in IAS 1 2 -91 -26 -25 -52 2 EBIT D&A on NWC Taxes and Net change CF from Operating Others -81 reported no
Slide 11: Net Debt and Leverage
Net Debt and Leverage Indebtedness and leverage1 ratios as at 30 June 2026 ❶ 1 (in €m) The calculation of 1.2x 2,299 industrial net operating debt as 775 of June 30, 2026, Liab. from procurement leases was adjusted and 0.3x 0.6x deducts the €495m 775 +657 1,244 Liab. from STR financial debt used fin
Slide 12: Agenda
Agenda 01 Business Update Q2 2026 02 Financial Update 03 Outlook 2026 & Key Takeaways KION GROUP AG | Q2 2026 Update Call | 2026-07-30 12
Slide 13: Updated FY 2026 Outlook
Updated FY 2026 Outlook Intelligent Automation → ITS: adj. EBIT guidance KION Group Industrial Trucks & Services includes savings from efficiency Solutions program; the range in revenue FY 2026 FY 2026 FY 2026 FY 2026 FY 2026 FY 2026 and adj. EBIT outlook reflects (in €m) Outlook (old) Outlook (new)
Slide 14: Key Takeaways
Key Takeaways KION had a positive first half 2026 with a moderate increase in revenue driven by growth in IAS. Adjusted EBIT and the corresponding EBIT margin improved in both operating segments KION is accelerating the development and industrialization of next-generation supply chain robotics and c
Slide 15: Questions & Answers
Questions & Answers KION GROUP AG | Q2 2026 Update Call | 2026-07-30 15
Slide 16: Appendix
Appendix KION GROUP AG | Q2 2026 Update Call | 2026-07-30 16
Slide 17: Assumptions for Outlook 2026
Assumptions for Outlook 2026 Market expectations1 (measured in order intake) • Increased macroeconomic uncertainty, particularly related to developments in the Middle East, continues to weigh on investment decisions. Nevertheless, industrial truck demand remains resilient, with impacts limited to se
Slide 18: Basis for Outlook
Basis for Outlook Amended Free Cash Flow definition • Given expected strong growth in Leasing and KION’s good access to capital markets we intend to broaden the financing of the leasing business to include debt capital market instruments with general corporate purpose. We have issued such an instrum
Slide 19: FY 2026 Expectation – Housekeeping Items
FY 2026 Expectation – Housekeeping Items Non-recurring items ¹ Operating Capex ² ... between – € 40m and – € 60m ... between – € 370m and – € 400m (from previously – € 40m and – € 70m) R&D spending ³ PPA ... Around 3% of group revenue ... around – € 85m to – € 90m Dividend policy Net Financial expen
Slide 20: Leverage Development and Maturity Profile
Leverage Development and Maturity Profile Leverage development 1 Maturity profile and free liquidity Self-help returned leverage ratios to below post Dec. 2020 capital increase levels as at 30 June 2026 (in €m) 2.3x 1.4x 1,776 1.4x 1.2x 2 2,000 1.5x 3 1.3x 390 1,500 1.1x 0.9x 0.6x 2 1,000 0.7x 507 1
Slide 21: KION ITS: Electrification Rate
KION ITS: Electrification Rate Development of KION ITS segment Change Order intake Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Change YoY Change QoQ FY 2022 FY 2023 FY 2024 FY 2025 YoY 2025 Order intake (in ’000 units) 70.0 60.3 70.6 72.6 69.1 -1% -5% 268.2 241.7 245.0 266.1 +9% Thereof IC-trucks 5.1 4.
Slide 22: Industrial Truck Market and ITS Order Intake
Industrial Truck Market and ITS Order Intake Industrial Truck Market 1 Development of KION ITS segment Region Regional growth Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 (Change in units YoY) (Change in units yoy) EMEA +4% +2% +5% +2% +3% +24% EMEA
Slide 23: Financial Calendar
Financial Calendar Date Event 03 September 2026 JP Morgan Capital Goods Back-to-School Series, virtual event 08 September 2026 Morgan Stanley Industrial CEOs Unplugged 2026, London, UK 09 September 2026 Jefferies Industrials Conference, New York, USA 09 September 2026 Kepler Cheuvreux Autumn Confere
Slide 24: Key Financials
Key Financials Group figures Industrial Trucks & Services Intelligent Automation Solutions Q2 Q1 FY Q4 Q3 Q2 Q1 Q2 Q1 FY Q4 Q3 Q2 Q1 Q2 Q1 FY Q4 Q3 Q2 Q1 (in € m) 2026 2026 2025 2025 2025 2025 2025 2026 2026 2025 2025 2025 2025 2025 2026 2026 2025 2025 2025 2025 2025 Order intake 2,809 2,985 11,705
Slide 25: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”, Certain industry, market and competitive position data contained in this and other factors because they relate to events and depend on circumstances and together with its consolidated subsidiaries, the "KION Group"). This Pr
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