Rheinmetall Ag · XETR:RHM
Rheinmetall — Investor Presentation (March 2026)
74 slides from Rheinmetall's investor presentation, March 2026
Slide 1: Closing Gaps – Investor Presentation March 2026
CLOSING GAPS INVESTOR PRESENTATION March 2026
Slide 2: Content
Content 1 Rheinmetall at a glance 2 Markets & Drivers 3 Five segments 4 Financials 5 Outlook 6 Appendix 2 © Rheinmetall AG I March 2026
Slide 3: Rheinmetall at a glance: Selected key business highlights
Rheinmetall at a glance Selected key business highlights Sales by segment Result by segment In €m, FY 2025 In €m, FY 2025 -8% -11% 36% 32% 9,935 1,841 56% 50% 18% 7% 8% 12% Weapon and Ammunition Digital Air Defence Vehicle Systems Consolidation Business Model Market Driver ▪ All domain defence syste
Slide 4: Rheinmetall connects all domains
Rheinmetall at a glance Rheinmetall connects all domains Digitization ➢ Traditional key player in LAND ➢ Focused access to AIR ➢ Developing NVL to prime status in SEA ➢ Partnering with ICEYE to conquer SPACE 4 © Rheinmetall AG I March 2026
Slide 5: Significant progress already made on the growth path
Rheinmetall at a glance Significant progress already made on the growth path RHM BACKLOG SALES OPERATING MARGIN In €bn, CAGR In €bn, CAGR In % ~135.0 >35% 14.0 – 14.5 ~19.0 ~70% 18.5 9.9 18.0 7.7 63.8 46.9 2024 2025 2026e 2024 2025 2026e 2024 2025 2026e ▪ Increased defence spending ▪ Sales still gro
Slide 6: New organizational structure from 2026 onwards
Rheinmetall at a glance New organizational structure from 2026 onwards Weapon and Vehicle Systems Air Defence Digital Systems Naval Systems Ammunition 6 © Rheinmetall AG I March 2026 Note: new structure as of January 1st, 2026.
Slide 7: Rheinmetall addresses all capability gaps
Rheinmetall at a glance Rheinmetall addresses all capability gaps* Artillery Drones and Military Maritime systems drone defence mobility systems ▪ Modern artillery systems ▪ EU-wide ▪ Strengthening Naval systems ▪ Complete transport forces for maritime ▪ „Deep precision range of UxVs network securit
Slide 8: Rheinmetall as European player and consolidator
Rheinmetall at a glance Rheinmetall as European player and consolidator Germany (largest location) ▪ Unterlüss: Vehicles, Ammunition ▪ Kassel: Vehicles ▪ Kiel: Vehicles, Electronics ▪ Bremen: Soldier Systems, Electronics, Air Defence, GB Vehicles, “Gun hall” Poland Vehicles Shipbuilding (NVL) Active
Slide 9: Highlights of our sustainability strategy
Rheinmetall at a glance Responsible management Highlights of our sustainability strategy ESG Factbook Established compliance processes Export control Security needs of our customers Global whistleblower system Respect for and protection of Focus on corruption prevention human rights Sustainable and
Slide 10: Successfully growing the employee base
Rheinmetall at a glance Successfully growing the employee base in thousand HC, continuing operations only ~70 ▪ Soft labor market especially in comparable job profiles ▪ Rheinmetall recognised as “global employer of choice” ▪ Applications exceeded 300,000 in 2025 ▪ Professional recruitment lowers ti
Slide 11: Risk is under control, execution clear focus
Rheinmetall at a glance Risk is under control, execution clear focus Market Market ▪ NATO is lifting the core spending target to 3.5% by 2035 7 ▪ Germany is starting to order now to achieve 6 3.5% already in 2029 5 Execution 4 ▪ “Speed” building of Ammo and F-35 sites 3 ▪ Transition from “manufactur
Slide 12: Russia threatens further escalation
Cold war NATO- border Markets & Drivers Russia threatens further escalation Scenarios and timetable: 1 Local war or attack on neighbouring 2 1 countries possible in about 6 months 1 2 Regional war in the Baltic Sea region within 1 approximately two years 3 Large-scale war on the European 3 continent
Slide 13: Germany upgrades – we can deliver!
Markets & Drivers Germany upgrades – we can deliver! ~€35bn ~€80bn Digitization Ammunition ~€35bn ~€80bn Satellites Navy >€50bn ~€10bn 40,000 vehicles Air defence 2/3 logistic vehicles ~€10bn Drones 13 © Rheinmetall AG I March 2026 Market potentials.
Slide 14: Success through partnering
Markets & Drivers Success through partnering Rockets & missiles JV Space JV 60% share for Rheinmetall 60% share for Rheinmetall Production start 2027 Production start Q2 2026 Using existing technology and Speeding-up time to market knowledge Soft consolidation by Partnerships with companies formatio
Slide 15: German spending underpins aspiration to build largest European army
Markets & Drivers: German budget German spending underpins aspiration to build largest European army by 2029 In €bn 50.2 62.4 82.7 93.4 136.5 152.8 ~180 Base budget 17 24 26 Special fund ▪ 2025 and 2026 still benefitting from German special fund ▪ Increasing general defence budget from 2027 onwards
Slide 16: Lead times differ depending on product type and complexity
Rheinmetall at a glance Lead times differ depending on product type and complexity Sourcing & Production & €25m decision Order intake Quality control Delivery planning assembly Ammunition 6-12 months Logistic vehicles ~12 months Medium weight wheeled 12-18 months Main battle tanks 24 months Soldier
Slide 17: Significant reduction in export risk due to high NATO order backlog
Markets & Drivers Significant reduction in export risk due to high NATO order backlog ▪ NATO and related countries* FY 2025 ▪ Rest of World FY 2024 FY 2023 6% FY 2022 8% 11% 12% 89% 94% 92% 88% €15.1bn €29.9bn €47.3bn €63.8bn 17 © Rheinmetall AG I March 2026 * includes 32 NATO member states, global
Slide 18: New Italian JV increased market potential tenfold
Markets & Drivers: Italy New Italian JV increased market potential tenfold MBT program A2CS* program in total ~€8bn ITALY in total ~€15bn SUPPORT VEHICLES ~140 vehicles + EXPORT LYNX ~1,050 vehicles + AMMUNITION In total €50bn over next 10 years Number of vehicles p.a. 200 PANTHER ~132 vehicles 150
Slide 19: Markets & Drivers: USA – Numerous promising potentials
Markets & Drivers: USA Possible decision as early as Q4’26 Numerous promising potentials XM30 CV Artillery Air Defence/ Down selected Ecosystem C-UAS ~$45bn ~$30bn Propulsion New potentials ~$1bn+ ~$2bn HX3 CTT S-MET II Soldier Combat Lethality vehicle ~$16bn $800m+ mission systems ~$2-3bn ~$1bn+ 19
Slide 20: Ukraine's strategic industrial partner
Markets & Drivers Ukraine´s strategic industrial partner Combat Special Ammo vehicles Forces Sales €1.0bn UxV Backlog €2.2bn Air Monitoring Support vehicles SAN Defence & Com. 20 © Rheinmetall AG I March 2026 Note: FY 2025 figures, direct sales only.
Slide 21: Successful cooperation with Lockheed Martin enters next phase
Markets & Drivers: Cooperations Successful cooperation with Lockheed Martin enters next phase & Expansion of existing collaboration to new technological areas Estimated market potential over the next ten years ~€5bn ~€7bn ~€0.5bn ~€0.5-1bn ~€4bn ~€1bn Simulation & Aeronautic F-35 GMARS Laser weapons
Slide 22: Vehicle Systems
Segment VEHICLE SYSTEMS 2030 Sales potential €13-15bn 22 © Rheinmetall AG I March 2026
Slide 23: Vehicle Systems: Multiple programs enter ramp-up phase
Five segments: Vehicle Systems Multiple programs enter ramp-up phase and create leverage SALES OPERATING MARGIN In €bn ~25% ~13-15 ~2pp 13-15% 5.0 5.9 – 6.0 11.7% 12 – 13% 2025 2026e 2030e 2025 2026e 2030e TOP PROJECTS MARKET PROFILE ▪ Boxer Arminius Germany Key competitors Differentiators Value pro
Slide 24: Move from manufacturing to mass production translating into sales
Five segments: Vehicle Systems Move from manufacturing to mass production translating into sales 13-15 Sales in €bn ▪ Germany as the driving growth customer ▪ Boxer will be the dominant tactical platform ▪ Tracked IFV driven by international Lynx demand 5.0 ▪ Sustainable demand for logistical vehicl
Slide 25: Vehicle Systems: Selected product overview
Five segments: Vehicle Systems Selected product overview Heavy weight Medium weight Medium weight Artillery Logistic 4x4 tracked tracked wheeled systems vehicles vehicles TG-MIL Lynx Panzerhaubitze 2000* Survivor R Panther KF51 Boxer* HX81 with Load Handling System Puma* Wheeled Howitzer HX 8x8 Exca
Slide 26: The LYNX – our IFV with star potential
Five segments: Vehicle Systems The LYNX – our IFV with star potential Numbers up to 3800 Numbers 209 Numbers up to 300 Est. Project Short-term Est. Project today Est. Project started start start start Numbers 298 Est. Project Short-term start Numbers 143 Est. Project Mid-term start Numbers 143 Numbe
Slide 27: Boxer will be the backbone of the German army
Five segments: Vehicle Systems Boxer will be the backbone of the German army ▪ Rheinmetall expects a total potential of ~€38bn from Project Arminius until 2035 ▪ Majority of the workshare will be kept in Germany ▪ Advance payments between 20% to 30% expected, enabling next level of automation First
Slide 28: Our way to 1,000 IFVs per year
Five segments: Vehicle Systems Our way to 1,000 IFVs per year VEHICLE CAPACITY Current Future 1.000 BOXER 900 • Extension of current footprint 800 • More efficient manufacturing at large scale 700 • Ramping-up new locations 600 500 LYNX 400 300 200 100 PUMA 0 2025 2026 2027 2028 2029 2030 Output cap
Slide 29: Weapon and Ammunition
Segment WEAPON AND AMMUNITION 2030 Sales potential €14-16bn 29 © Rheinmetall AG I March 2025
Slide 30: Transforming backlog into profitable sales
Five segments: Weapon and Ammunition Transforming backlog into profitable sales SALES OPERATING MARGIN In €bn ~35% ~14-16 ~2pp 29-31% 3.5 4.9 – 5.0 29-30% 29.3% 2025 2026e 2030e 2025 2026e 2030e TOP PROJECTS MARKET PROFILE ▪ Large-scale 155mm artillery ammunition Key competitors Differentiators Valu
Slide 31: New capacities enable growth
Five segments: Weapon and Ammunition New capacities enable growth 14-16 Sales in €bn ▪ Ramp-up to ~1.5m artillery rounds by 2030 ▪ Rocket motor facility live from Q3 2026 ▪ First missile revenues in 2027 ▪ Increasing need for med-caliber due increasing number of turreted platforms 3.5 2.8 2024 2025e
Slide 32: Weapon and Ammunition: Selected product overview
Five segments: Weapon and Ammunition Selected product overview Med & large Med & large Explosives & Protection caliber ammo caliber weapons propulsion systems 155mm Passive 120mm 40mm 35mm 20-30mm Active Mortar 32 © Rheinmetall AG I March 2026
Slide 33: Strengthening Europe's full shot capacity for 155mm artillery
Five segments: Weapon and Ammunition Strengthening Europe's full shot capacity for 155mm artillery Scaling footprint Artillery Ammunition Systems with 30 to 75km+ in range Fuzing Energetic material Propulsion systems Igniting Pre war capacity and upgrade New capacity implemented since the war starte
Slide 34: Rheinmetall is one of the world's leading ammunition manufacturers
Five segments: Weapon and Ammunition Rheinmetall is one of the world‘s leading ammunition manufacturers 2022 70,000 ARTILLERY 2027 ~1,100,000 155mm 2030 ~1,500,000 TANK 2022 60,000 120mm 2027 ~240,000 2030 ~240,000 MED-CAL 2022 1,000,000 2027 >3,400,000 20-35mm 2030 ~4,000,000 2022 5,000 t PROPULSIO
Slide 35: Rheinmetall is closing the gap on the missile market
Five segments: Weapon and Ammunition Rheinmetall is closing the gap on the missile market Rocket Motors Missiles ▪ Total production capacity of up to 3,500 t ▪ Production with partners in JVs rocket motor propellants p.a. ▪ JV will market and assemble ▪ Production start in Q3 2026 ▪ Expansion also i
Slide 36: Increasing gun production
Five segments: Weapon and Ammunition Increasing gun production 120mm smoothbore gun 30mm 155mm LYNX or equivalent RHEINMETALL MEDIUM CALIBER MANUFACTURING 2022 2025 Future Weapons 92 >140 >420 Barrels 160 330 900 IN PROGRESS RHEINMETALL LARGE CALIBER MANUFACTURING 2022 2025 2027 Weapons 60 150 200 B
Slide 37: Air Defence
Segment AIR DEFENCE 2030 Sales potential €3-4bn 37 © Rheinmetall AG I March 2026
Slide 38: Air defence is a significant driver for margin expansion
Five segments: Air Defence Air defence is a significant driver for margin expansion SALES OPERATING MARGIN In €bn ~35% ~3-4 >6pp 24-26% 0.8 0.9-1.0 ~19% 17.4% 2025 2026e 2030e 2025 2026e 2030e TOP PROJECTS MARKET PROFILE ▪ European Sky Shield Initiative / Skyranger Key Competitors Differentiators Va
Slide 39: Obvious capability gap triggers massive demand surge
Five segments: Air Defence Obvious capability gap triggers massive demand surge Sales in €bn 3-4 ▪ Drone attacks changed the battlefield ▪ Localisation of drones at western infrastructure shows missing protection capabilities ▪ European Sky Shield aims to improve air defence capabilities ▪ Rheinmeta
Slide 40: Air Defence as key to drone protection
Five segments: Air Defence Air Defence as key to drone protection KEY FACTS Air defence systems in high demand Significant Ramp-up of production capacities Diversification of supplier base to ensure needed material SUI capacity of ~140 p.a. under installment with SOP in Q1/26 ITA capacity of ~140 p.
Slide 41: Over 90% of attacks can be stopped with gun based air defence
Five segments: Air Defence Over 90% of attacks can be stopped with gun based air defence The war in Ukraine shows Our Skyranger solution 90% of attacks 10% of attacks ▪ Up to 4km protection radius ▪ Gun based air defence ▪ Turret is platform agnostic Gun based ▪ 30mm / 35mm AHEAD ammunition Missile
Slide 42: Market leading gun technology is set for VSHORAD
Five segments: Air Defence Rheinmetall’s market leading gun technology is set for VSHORAD Strong interest in ESSI and beyond! Air defence layers visualized 42 © Rheinmetall AG I March 2026 Note: Graphic shows combination of orders and further potentials.
Slide 43: Protecting critical infrastructure creates huge potential
Five segments: Air Defence Protecting critical infrastructure creates huge potential 1.926 Critical Infrastructure Facilities** 116 Skynex (~€60m) Skyranger (~€60m) Skyspotter (~€7m) 4xRGMK3, 1xMSU, 1xCN1, 4x SR35 on Lynx, Passive Emitter Locator, Interceptor Drones Interceptor Drones 1xMSU 275 Info
Slide 44: Fictional seamless air defence wall
Five segments: Air Defence Fictional seamless air defence wall ~ €1.9bn Costs for securing 100km ~ €24.6bn Costs for securing Germanys Eastern Border (1.286km) The example shows how many systems would be needed to provide seamless protection (Air Defense/Drone Wall) over a length of 100 km. Seamless
Slide 45: Digital Systems
Segment DIGITAL SYSTEMS 2030 Sales potential €8-10bn 45 © Rheinmetall AG I March 2026
Slide 46: Digitalization drive sales to new heights
Five segments: Digital Systems Digitalization drive sales to new heights SALES OPERATING MARGIN In €bn ~40% ~8-10 >4pp 17-19% 1.8 2.2 – 2.3 13.0% ~12% 2025 2026e 2030e 2025 2026e 2030e TOP PROJECTS MARKET PROFILE Key Competitors Differentiators Value proposition ▪ Digitalization of the Army in Germa
Slide 47: Efficient sensor to shooter chain requires full digitization
Five segments: Digital Systems Efficient sensor to shooter chain requires full digitization Sales in €bn 8-10 ▪ Digital solutions and soldier systems are key drivers for growth led by German contracts ▪ Drone and space business already with significant contribution in 2030 ▪ First F-35 center fusela
Slide 48: Digital Systems: Selected product overview
Five segments: Digital Systems Selected product overview Digitalization Mission systems Aeronautical systems Next generation Soldier Systems Stabilized sighting system SEOSS IT system integration D-LBO (GER), further programs in HUN and AUS Driver vision Trailblazer Unmanned systems Drones & Mission
Slide 49: F-35 center fuselage as nucleus to grow domain air
Five segments: Digital Systems F-35 center fuselage as nucleus to grow domain air CCA as further potential (factory already technically equipped) CCA Center fuselage is the entry gate for additional F-35 parts Other avionic parts Qualified to become 25mm ammunition supplier for F-35 Ammo RHM in the
Slide 50: Evolution of warfare will drive growth in digitalization business
Five segments: Digital Systems Evolution of warfare will drive growth in the digitalization business Potential until 2030 “We sense the “We connect the “We automate & battlefield” battlefield” dominate the battlefield” D-LBO ✓ Reconnaissance & ✓ Target TaWAN Classification IdZ ✓ Weapon Assignment To
Slide 51: Digital superiority wins wars – not just tanks and ammo
Five segments: Digital Systems Digital superiority wins wars – not just tanks and ammo ▪ Decisive edge in modern warfare is digital: information, speed, and connectivity beat armor ▪ Ukraine shows: software-defined warfare outpaces hardware-heavy doctrines ▪ Battlefield effectiveness is driven by da
Slide 52: Ramping up our drone production in Italy
Five segments: Digital Systems Ramping up our drone production in Italy KEY FACTS Drone production is key for the future battlefield Loitering munition is a market ready solution Production line in Italy to tackle large demand CAPACITY CAPACITY CAPACITY CAPACITY & POTENTIAL HERO 30 HERO 120 HERO 400
Slide 53: Drone & Loitering munition portfolio for the modern battlefield
Five segments: Digital Systems Drone & Loitering munition portfolio for the modern battlefield Barracuda 500M Cruise Missile | 45kg / 85kg Warhead LUNA NG Reconnaissance & Strike | +30kg Payload HERO 400 Loitering Munition | 10kg Warhead FV-014 Loitering Munition | 6kg TRITON Warhead HERO 120 Loiter
Slide 54: Germany spends €35bn to create a resilient space structure
Five segments: Digital Systems Germany spends €35bn to create a resilient space structure until 2030* “We need … resilient Communication structures comprising satellites, ground Intelligence, Surveillance and stations, launch capabilities and Reconnaissance services”* Navigation First contract signe
Slide 55: Naval Systems
Segment NAVAL SYSTEMS 2030 Sales potential ~€5bn 55 © Rheinmetall AG I CMD © Rheinmetall 2025 2026 AG I March
Slide 56: Systems house concept to generate profitable growth
Five segments: Naval Systems Systems house concept to generate profitable growth in line with RHM targets SALES OPERATING MARGIN In €bn >35% >3pp ~5.0 >15% 1.3 – 1.5 11 – 13% 2026e 2030e 2026e 2030e TOP PROJECTS MARKET PROFILE Key Competitors Differentiators Value proposition ▪ Frigates: F126 (DE),
Slide 57: All domains now under one roof
Five segments: Naval Systems All domains now under one roof ▪ Acquisition of Naval Vessels Lürssen closed on February 27, 2026 ▪ Takeover of 9 sites and ~2,100 employees ▪ Expected consolidated sales of €1.3-1.5bn for 10 months in 2026 ▪ Potential sales in 2030 ~€5bn with >15% Margin ▪ Acquired back
Slide 58: Naval covers 100% of the surface vessels demand
Five segments: Naval Systems NAVAL covers 100% of the surface vessels demand Marine Zielbild 2035 with relevance for Naval 2025 Until 2029 Until 2035 Fleet size 2026 German 2035+** order intake potential Intelligence ships A423 A424 3 Fleet tankers A704 A707 3 Support ships A404 A405 6 A702 3 Korvet
Slide 59: Capital allocation prioritizes growth
Financials Capital allocation prioritizes growth Working Dividend Buyback Capex Capital M&A ▪ Adding more ▪ Increasing ▪ Continue on ▪ 11.50€ p/s for ▪ Buybacks as last capacities to inventories of strong track FY25 and optionality meet demand critical raw record expected to rise ▪ Investing > €8bn
Slide 60: Investing today to build the Rheinmetall of tomorrow
Financials Investing today to build the Rheinmetall of tomorrow Main drivers for growth capex drivers in the short-term: ▪ Large scale vehicle programs with much higher degree of production automation ▪ Higher share of capex heavy chemical plants to expand the energetics capacity (e.g. Romania, Bulg
Slide 61: Active M&A is a key element of growth over the next years
Financials Active M&A is a key element of growth over the next years ▪ Autonomous & robotics ▪ Acquisition ▪ Digitization & connectivity ▪ Joint-Ventures ▪ Weapon & ammunition ▪ Strategic partnerships ▪ Electrification & new energy ▪ Financing rounds ▪ Services Type ▪ Fabrication & assembly Cluster
Slide 62: Low leverage ratio allows us to stay opportunistic
Financials Low leverage ratio allows us to stay opportunistic Equity ratio Net debt / EBITDA >30% <3 Net financial position2 (33.5%)1 (below zero)1 in €m 45 5 369 40 4 35 3 comfort zone 30 2 comfort zone 25 1 20 0 -1,292 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 12/31/2024 12/31/20
Slide 63: Strong dividend growth rate over the last decade
Financials Strong dividend growth rate over the last decade ▪ 11.50 Euro dividend proposal to the AGM 2025 ▪ Dividend expected to grow 11.5 8.1 26% 5.7 4.3 3.3 2.1 2.4 1.7 2.0 1.5 1.1 DPS in € 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025e 63 © Rheinmetall AG I March 2026
Slide 64: Guidance 2030 applies to the new organization
Outlook Guidance 2030 applies to the new organization Guidance 2030 including M&A excl. US order wins in €bn 2025 (continued business only) 2026 2030 14.0-14.5 SALES 9.9 Growth: +40 - 45%, ~50 thereof organic +28 - 31% OPERATING MARGIN 18.5% ~19.0% >20% CASH CONVERSION RATE 66.2% >40% >50%2 1 update
Slide 65: Operating margin targets on group level and by segment
Outlook Operating margin targets on group level and by segment Operating result margin by segment Sales ~€50bn Group targets Operating margin >20% CCR* >50% 20% 29-31% 24-26% 17-19% 13-15% >15% Weapon and Ammunition Air Defence Digital Systems Vehicle Systems Naval Systems Sales in €bn ~14-16 ~3-4 ~
Slide 66: Unfolding the next chapter of growth!
Outlook Unfolding the next chapter of growth! in €bn ▪ Weapon and Ammunition grows into its capacity ~50 M&A ▪ Vehicle Systems profits from >35% CAGR large vehicle programs, led by ~5 Naval Systems Germany ~8-10 Digital Systems ▪ Air Defence reflects increasing ~3-4 Air Defence threats especially fr
Slide 67: Rheinmetall's Investor Relations team, upcoming events and documents
Outlook Rheinmetall’s Investor Relations team, upcoming events and documents Dirk Winkels, Head of Investor Relations Tel: +49 162 2688921 Email: dirk.winkels@rheinmetall.com Events Documents Anika Marker, Investor Relations Manager Tel: +49 171 4174060 Email: anika.marker@rheinmetall.com Carl-Phili
Slide 68: Statement of financial position
Appendix Statement of financial position 68 © Rheinmetall AG I March 2026
Slide 69: Income Statement
Appendix Income Statement 69 © Rheinmetall AG I March 2026
Slide 70: Cashflow Statement
Appendix Cashflow Statement 70 © Rheinmetall AG I March 2026
Slide 71: Derivation of diluted earnings per share
Appendix Derivation of diluted earnings per share 1 Of which: Net interest of €-65 million (previous year: €-43 million), net income taxes of €-351 million (previous year: €-157 million) 71 © Rheinmetall AG I March 2026 2 The previous year was adjusted due to reclassification.
Slide 72: Adjusted PnL
Appendix Adjusted PnL 19.36 EUR 72 © Rheinmetall AG I March 2026
Slide 73: Disclaimer
Disclaimer This presentation contains “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995 with respect to Rheinmetall’s financial condition, results of operations and businesses and certain of Rheinmetall’s plans and objectives. These forward-lo
Slide 74: Taking responsibility in a changing world
TAKING RESPONSIBILITY IN A CHANGING WORLD 74 © Rheinmetall AG I March 2026