Deutz Ag · XETR:DEZ
Deutz — Deutz Ag Akt — Q1 2026 Earnings Presentation
28 slides from Deutz's earnings presentation, May 7, 2026
Slide 1: DEUTZ Q1 2026 results
DEUTZ Q1 2026 results May 7th, 2026 DEUTZ AG | Q1 2026 results | May 7, 2026
Slide 2: Disclaimer
Disclaimer The details given in this document are based on the information available at the time it was prepared. This presents the risk that actual figures may differ from forward-looking statements. Such discrepancies may be caused by changes in political, economic, or business conditions, a decre
Slide 3: Agenda: Overview & current development
AGENDA Overview & current development Dr. Sebastian Schulte Dr. Sebastian C. Schulte | CEO 3 DEUTZ AG | Q1 2026 results | May 7, 2026
Slide 4: Transformation successes Q1 2026
Transformation successes Q1 2026 MDAX promotion next milestone Above-market share price performance DEUTZ +16.8% MDAX -0.1% 30.12.2025 – 30.04.2026 Frerk closing with strong order intake impact Positive momentum in relevant markets +€145 million Construction Agricultural Agricultural 4 DEUTZ AG | Q1
Slide 5: Q1 2026: Best quarter since start of downturn
Q1 2026: Best quarter since start of downturn New orders Revenue EBIT margin1 €771 million €530 million 7.0% + 41% yoy + 8% yoy +1.8pp yoy 1 Before exceptional items. Exceptional items include effects from purchase price allocations (PPA) since FY 2026; the figure for the prior-year period has been
Slide 6: Structure follows strategy: Business led set-up since January 2026
Structure follows strategy: Business led set-up since January 2026 Group-wide Business Marco Herre Dr. Sebastian Up to 800 kW CEO Business Unit Defense Defense Schulte Defense engine portfolio CEO Chairman of the David Evans Executive Board 3 kVA-10 MW CEO Business Unit Energy Energy Genset portfoli
Slide 7: Positive EBIT contribution and new orders uptake
DEUTZ ENGINES Positive EBIT contribution and new orders uptake 7 DEUTZ AG | Q1 2026 results | May 7, 2026
Slide 8: DEUTZ Engines: revenue & new orders
DEUTZ ENGINES REVENUE & NEW ORDERS (€ million) HIGHLIGHTS & OUTLOOK Revenue New orders ▪ Strong fundamentals: New orders up 26% yoy driven 26.0% by recovery across construction and agriculture 5.3% segments 364.5 373.2 291.3 296.1 328.0 319.2 287.8 272.7 325.2 306.7 ▪ Solid growth dynamics in all re
Slide 9: First time monthly revenue significantly above €50 million in March
DEUTZ SERVICE First time monthly revenue significantly above €50 million in March 9 DEUTZ AG | Q1 2026 results | May 7, 2026
Slide 10: DEUTZ Service: revenue and adjusted EBIT
Strengthening footprint in the global defense tech ecosystem DEUTZ SERVICE REVENUE (€ million) HIGHLIGHTS & OUTLOOK +7.1% ▪ Reliably strong growth across all regions driven by 148.1 strong parts and aftersales business and integration of 138.3 131.6 138.9 138.8 acquisitions ▪ Monthly service revenue
Slide 11: Strong growth momentum with Frerk
DEUTZ ENERGY Strong growth momentum with Frerk 11 DEUTZ AG | Q1 2026 results | May 7, 2026
Slide 12: DEUTZ Energy: revenue and adjusted EBIT
DEUTZ ENERGY REVENUE (€ million) HIGHLIGHTS & OUTLOOK +30.6% ▪ Closing of Frerk Aggregatebau acquisition with immediate impact: ~€145 million of order intake 50.8 43.8 45.7 ▪ New orders record of €207 million and order backlog at €239 38.9 40.4 million ▪ Good progress to becoming a global business w
Slide 13: Growth option with positive dynamics
DEUTZ NEWTECH Growth option with positive dynamics 13 DEUTZ AG | Q1 2026 results | May 7, 2026
Slide 14: DEUTZ NewTech: revenue and adjusted EBIT
Strengthening footprint in the global defense tech ecosystem DEUTZ NEWTECH REVENUE (€ million) HIGHLIGHTS & OUTLOOK ▪ New orders of €5 million, order backlog at €8 million, +64.3% driven by UMS business in construction sector 4.8 ▪ Significantly improved earnings through tighter focus 3.3 of R&D act
Slide 15: Increasing relevance and business model
DEUTZ DEFENSE Increasing relevance and business model 15 DEUTZ AG | Q1 2026 results | May 7, 2026
Slide 16: DEUTZ Defense & Other: revenue and adjusted EBIT
Strengthening footprint in the global defense tech ecosystem DEUTZ DEFENSE & OTHER REVENUE (€ million) HIGHLIGHTS & OUTLOOK ▪ New orders of €26 million, strong order backlog at €39 +15.7% million, including first orders relating to drone package 28.9 for the German army 22.1 19.1 19.5 ▪ Further ramp
Slide 17: Q1 2026 in detail
Q1 2026 in detail Oliver Neu DEUTZ AG | Q1 2026 results | May 7, 2026
Slide 18: Q1 2026 proves continuous momentum in margin growth
Q1 2026 proves continuous momentum in margin growth Adjusted EBIT1 in € million, margin in % +11.7 (+46%) 7.0% 40 37.3 7 35 5.8% 6.3% 5.6% 6 6.1% 30.1 31.2 30.5 30 27.7 5.2% 25.6 5 5.3% 25 22.4 3.8% 4 20 19.4 3 15 1.7% 2 10 7.2 5 1 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2024 20252 2026 18 Note: Relates to con
Slide 19: DEUTZ Group – Q1 2026 business figures
DEUTZ Group – Q1 2026 business figures New orders Revenue Adjusted EBIT1 in € million In € million in € million (margin in %) +41.2% +8.4% +45.7% 771.0 530.0 37.3 489.0 7.0% 546.1 25.6 5.2% Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 ▪ New orders increased organically (~€80 million) and due to 1
Slide 20: R&D spending, capital expenditure, and working capital
R&D spending, capital expenditure, and working capital Net R&D spending1 Capital expenditure1,2 Working capital in € million in € million in € million -4.0% +12.6% +36.6% 22.6 21.7 431.3 22.4 382.9 3.3 20.7% 4.6% 16.4 18.7% 4.1% 1.0 Q1 2025 Q1 2026 Q1 2025 Q1 2026 31.12.2025 31.03.2026 R&D ratio The
Slide 21: Cash flow and net debt
Cash flow and net debt Cash flow from Free cash flow1 Net debt2 in € million in € million operating activities in € million +115.5 -25.0 385.0 -30.6 50.9 23.4 78.0 269.5 78.1 25.9 Thereof leases Thereof leases -7.2 Q1 2025 Q1 2026 Q1 2025 Q1 2026 31.12.2025 31.03.2026 ▪ Operating cash flow: Decrease
Slide 22: Balance sheet, financing and dividend
Balance sheet, financing and dividend Equity Leverage Dividend per share in € million Net debt1/EBITDA LTM2 in € 2,131 1,912 0.18 0.17 0.17 51.3% 47.3% 1.7 0.15 1.3 1.2 980 1,008 31.12.2025 31.03.2026 2024 2025 Q1 2026 2022 2023 2024 20253 Total assets Equity % Equity ratio ▪ Equity ratio slightly l
Slide 23: Agenda: Guidance & outlook
AGENDA Guidance & outlook Dr. Sebastian Schulte Dr. Sebastian C. Schulte | CEO 23 DEUTZ AG | Q1 2026 results | May 7, 2026
Slide 24: Guidance 2026 confirmed
Guidance 2026 confirmed Guidance 2026 ▪ Guidance initially given on market visibility as of end of February €2.3 billion to €2.5 billion 2026, as of now no substantial Revenue thereof (midpoint) Engines €1.330 m, impact of Iran conflict Service €635 m, Energy €290 m, NewTech €35 m, Defense & Other €
Slide 25: Confident outlook for 2026 driven by strategic value transformation and market signals
Confident outlook for 2026 driven by strategic value transformation and market signals Market perspective ▪ Continued macro and geopolitical volatility and uncertainty ▪ But: Emerging signs of a market recovery in core markets such as construction or agricultural machinery Next DEUTZ Above-market gr
Slide 26: Next DEUTZ: Strong Q1 momentum pushing 2026 performance
Next DEUTZ: Strong Q1 momentum pushing 2026 performance Strong growth – across businesses Positive dynamics based on organic (positive market uptake) and inorganic growth (strong M&A pipeline) Increasing margins – quality before volume Margin push based on performance focus (engines) and profitable
Slide 27: Thank you for your attention! Any questions?
Thank you for your attention! Any questions? DEUTZ AG | Q1 2026 results | May 7, 2026
Slide 28: Financial calendar and contact details
Financial calendar and contact details Financial calendar Annual General Meeting May 13, 2026 2026 H1 2026 interim report August 6, 2026 Q3 2026 quarterly statement November 5, 2026 Contact Investor Relations Follow us on +49 (0) 221 822-3600 ir@deutz.com DEUTZ AG | Q1 2026 results | May 7, 2026