Slide 1: Q1 2026 Analyst Presentation
TRUSTED PARTNER. Q1 2026 Analyst Presentation Dr. Alexander Sagel, CEO Anja Mänz-Siebje, CFO 6 May 2026
Slide 2: Q1 2026 summary – solid start into the year
Q1 2026 OVERVIEW Q1 2026 summary – solid start into the year Key order intakes Q1 2026 Highlights International MBT / transmissions ~ €157m Strongest order intake for a first quarter ever of €582m Puma 2nd batch / transmissions + (Q1 2025: €549m) with book-to-bill at 2.1x (Q1 2025: suspensions 2.0x)
Slide 3: RENK Group maintains strong order momentum and profitable growth
Q1 2026 OVERVIEW RENK Group maintains strong order momentum and profitable growth ORDER INTAKE REVENUE ADJ. EBIT ADJ. EBIT Q1 2026 Q1 2026 Q1 2026 MARGIN Q1 2026 €582m €284m €42m 15.0% +6% YoY +4% YoY +10% YoY +0.9pp YoY Order intake – new record level for a first quarter of a year Civil underpinnin
Slide 4: Defense business is driving the Group performance
Q1 2026 OVERVIEW Defense business is driving the Group performance Order Intake (Defense, €m) Revenue (Defense, €m) +14% +27% +3% ~232 495 203 209 390 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2026 Missing Israel volumes compared to Q1 2025 3 RENK Group AG | Q1 2026 Conference Call Trusted Partner
Slide 5: Vehicle Mobility Solutions
Q1 2026 OVERVIEW Vehicle Mobility Solutions • Revenue growth of 11% in line with customer contracts and delivery schedules • Record Q1 order intake of €478m (+21% YoY) - book-to- bill ratio at 2.5x driven by international MBT and PUMA 2nd batch • Modular production concept supporting ongoing margin
Slide 6: Marine & Industry
Q1 2026 OVERVIEW Marine & Industry • Revenue growth of -11% • Revenue conversion impacted by customer-induced delays in outbound logistics & supplier schedule issues – will be recovered in Q2/Q3 • Industrial business still under market pressure Revenue, €m -10.8% 79 73 65 Order intake Q1 70 €m Q1 20
Slide 7: Slide Bearings
Q1 2026 OVERVIEW Slide Bearings • Flat revenue growth with headwinds from industrial markets • Less favorable product mix in the current quarter and negative US-tariff impact (unlike in Q1 2025) Revenue, €m -1.3% 31 30 29 Order intake Q1 35 €m Q1 2024 Q1 2025 Q1 2026 6 RENK Group AG | Q1 2026 Confer
Slide 8: Total Order Backlog is growing steadily due to demand for military propulsion solutions
Q1 2026 OVERVIEW Total Order Backlog is growing steadily due to demand for military propulsion solutions Total Order Backlog (Q1-26), €bn LTM revenue 1.9x 0.6x 2.5x 5.0x coverage(1) 3.6 (FY-25) 6.7 (FY-25) 3.5 0.9 (FY-25) 6.9 0.9 2.3 (FY-25) 2.6 Additional recurring aftermarket business outside of f
Slide 9: Financial Summary
TRUSTED PARTNER. Financial Summary Anja Mänz-Siebje, CFO
Slide 10: RENK Group: Solid start into the year with record-high Q1 order intake
FINANCIAL SUMMARY RENK Group: Solid start into the year with record-high Q1 order intake Order intake, €m Revenue, €m Fixed order backlog(2), €m 2.0x 2.1x 14.0% 2,576 6.1% 2,260 582 549 4.0% 273 284 Q1-25 Q1-26 Q1-25 Q1-26 Dec-25 Mar-26 YoY growth Book-to-bill ratio(1) 9 RENK Group AG | Q1 2026 Conf
Slide 11: RENK Group: Profitable growth supports stable net debt
FINANCIAL SUMMARY RENK Group: Profitable growth supports stable net debt Adj. gross profit(1), €m Adj. EBIT(2), €m Net debt(3), €m 28.7% 29.7% 14.1% 15.0% 1.5x 1.5x -0.1% 391 391 7.4% 84 78 10.4% 42 38 Q1-25 Q1-26 Q1-25 Q1-26 Dec-25 Mar-26 YoY growth Adj. gross profit margin Adj. EBIT margin Net deb
Slide 12: VMS remains the Group's growth driver
FINANCIAL SUMMARY VMS remains the Group’s growth driver Segment financials, €m Order intake Revenue Adj. EBIT(1) 20.2% 16.6% 18.3% 20.5% 478 22.3% 397 35 29 11.2% 191 172 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 YoY growth Adj. EBIT margin 11 RENK Group AG | Q1 2026 Conference Call Trusted Partner
Slide 13: M&I: Temporary softness while naval fundamentals intact
FINANCIAL SUMMARY M&I: Temporary softness while naval fundamentals intact Segment financials, €m Order intake Revenue Adj. EBIT(1) 10.2% 6.7% -41.2% -42.8% 7 122 -10.8% 73 65 4 70 BER300 - EBIT Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 YoY growth Adj. EBIT margin 12 RENK Group AG | Q1 2026 Conference Call
Slide 14: Slide Bearings: Flattish revenue with continued industrial market headwinds
FINANCIAL SUMMARY Slide Bearings: Flattish revenue with continued industrial market headwinds Segment financials, €m Order intake Revenue Adj. EBIT(1) 17.3% 13.3% -23.9% -5.8% -1.3% 5 37 35 31 30 4 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 YoY growth Adj. EBIT margin 13 RENK Group AG | Q1 2026 Conference
Slide 15: Minor adjustments, mainly relating to purchase price allocations
FINANCIAL SUMMARY Minor adjustments, mainly relating to purchase price allocations For the period, €m Q1-25 Q1-26 Operating profit 24.4 26.6 Purchase price allocation effects 1 11.0 11.0 Operating profit before PPA depreciation and amortization as well as income / losses from 35.4 37.6 PPA asset dis
Slide 16: Net working capital developed in line with production activity
FINANCIAL SUMMARY Net working capital developed in line with production activity Customer receivables(1) Inventories Net working capital, €m Trade payables Prepayments received(2) % of LTM revenue 24.9% 25.2% 27.6% 344.9 380.2 284.2 356.3 375.0 267.7 436.0 495.5 391.2 (117.0) (143.9) (128.9) (257.8)
Slide 17: Strong operating performance outperforms NWC increase
FINANCIAL SUMMARY Strong operating performance outperforms NWC increase Change in NWC, €m Key Free Cash Flow items Q1-26, €m (31.3) (4.8) (15.6) Trade payables (31.4) (56.2) Inventories 51.0 +22.7 Customer receivables (5.1) +17.7 Prepayments received 7.6 (9.9) (6.4) 7.7 7.6 1.2 1.2 CCR (%) Adj. Adju
Slide 18: Outlook
TRUSTED PARTNER. OUTLOOK Dr. Alexander Sagel, CEO
Slide 19: 2026 guidance confirmed
OUTLOOK 2026 guidance confirmed Main operational levers Strict delivery and revenue conversion based on customer contracts Guidance 2026 Stronger backend loaded H2 >€1.5bn Full focus on operational and capacity expansion in Augsburg and Rheine Revenue Roll out of RENK production system (VTA, RAM, Ho
Slide 20: RENK is positioned for strong order intake growth in 2026
OUTLOOK Key OE order intake 2026 (examples) RENK is positioned for strong order intake growth in 2026 Leopard MBT + family, IMBT and int. customers Order Intake Development 2026 (in €m) Vehicle Mobility Solutions Boxer Arminius Marine & Industry ~2,000 Slide Bearings PzH2000 IFV (AICS, ROM, AUT) ~40
Slide 21: R&D projects in the land and sea domain
OUTLOOK R&D projects in the land and sea domain Expanding the core Digitalization HSWL 354B ESM280 Heavy tracked UGV ASV Development contract for new Development of high-performing Development of first heavy Development contract for Leopard 2 transmission transmission for heavy wheeled class UGV con
Slide 22: Key takeaways
OUTLOOK Key takeaways RENK is off to a solid start into 2026 with the highest-ever Q1 order 1 intake of €582m and total order backlog at a new all-time high of €6.9bn VMS is the clear growth engine – record Q1 order intake (book-to-bill 2 2.5x) and the modular production concept in Augsburg deliveri
Slide 23: Financial Calendar H1/H2 2026
OUTLOOK Financial Calendar H1/H2 2026 • Berenberg Roadshow, Frankfurt (7 May) • Berenberg European Conference, New York (19-20 May) • Jefferies Roadshow US/CAN (18/21-22 May) • db access European Champions Conference Frankfurt (26 May) • Metzler Roadshow, Cologne (8 July) • Erste Group The finest CE
Slide 24: Q&A Session
TRUSTED PARTNER. Q&A Session RENK Group / Company presentation / March 2023
Slide 25: Your contact
TRUSTED PARTNER. Your contact Events Publications Investor Relations: Julia Brand, Senior IR Manager Phone: +49 821 5700 735 E-Mail: investors@renk.com Maximilian König, Senior IR Manager Phone: +49 821 5700 9302 E-Mail: investors@renk.com Christian Weiß, Senior IR Manager Phone: +49 821 5700 9279 E
Slide 26: Disclaimer
Disclaimer By accessing this presentation, you agree to be bound by the following limitations. This presentation has been prepared for information and background purposes only. It does not constitute or form part of, and should not be construed as, an offer of, a solicitation of an offer to buy, or
Slide 27: Appendix
TRUSTED PARTNER. APPENDIX
Slide 28: Income statement
Financial Appendix Income statement For the period, €m Q1-2025 Q1-2026 Revenue 272.6 283.6 Cost of sales (206.3) (212.1) Gross profit 66.3 71.6 Distribution expenses (16.8) (17.7) General and administrative expenses (22.3) (26.5) Net allowances on financial assets 0.1 (0.1) Other income 3.3 7.8 Othe
Slide 29: Balance sheet – Total assets
Financial Appendix Balance sheet – Total assets As of, €m Dec 31, 2025 Mar 31, 2026 Intangible assets 310.0 302.5 Property, plant and equipment 339.8 338.4 Other and financial investments 0.8 0.8 Deferred tax assets 29.2 30.5 Other non-current financial assets 0.4 0.3 Other non-current receivables 2
Slide 30: Balance sheet – Total equity and liabilities
Financial Appendix Balance sheet – Total equity and liabilities As of, €m Dec 31, 2025 Mar 31, 2026 Share capital (subscribed capital in previous year) 100.0 100.0 Capital reserves 174.5 175.2 Retained earnings 193.3 208.7 Cumulative other comprehensive income 17.0 22.9 Equity attributable to shareh
Slide 31: Cash flow statement
Financial Appendix Cash flow statement For the period, €m Q1-2025 Q1-2026 Cash and cash equivalents at beginning of period 164.3 152.1 Profit/loss before tax (including profit/loss attributable to non-controlling interests) 4.8 23.8 Income taxes paid (6.5) (9.9) Depreciation, amortization and impair
Slide 32: Adjustments
FINANCIAL APPENDIX Adjustments For the period, €m Q1-25 Q1-26 Operating profit 24.4 26.6 Purchase price allocation effects 11.0 11.0 Operating profit before PPA depreciation and amortization as well as income / losses from 35.4 37.6 PPA asset disposals Implementation of Process Standards 0.0 0.4 Sev
Slide 33: Endnotes
Endnotes p.7 (1) Defined as total order backlog as of March-26 / LTM revenue for the period ended March 31, 2026. Total order backlog comprised of fixed order backlog, frame order backlog and soft order backlog (2) Fixed order backlog represents with respect to binding customer contracts and purchas