Slide 1: Results presentation H1 2025
RESULTS PRESENTATION | H1 2025 Results presentation H1 2025
Slide 2: Disclaimer
RESULTS PRESENTATION | H1 2025 This document is for information purposes only and shall not be treated as giving any investment advice and/or By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to recommendation whatsoever. This presentat
Slide 3: Facts of H1 2025
Facts of H1 2025 • Restructuring proceedings successfully completed €425M (-58%) Revenue H1 2025 • Efficiency improvement program launched − Sale of MV Agusta and KTM X-BOW − Bicycle business to be discontinued by the end of 2025 €1,003M EBITDA H1 2025 − Reduction of cost base − Significantly reduce
Slide 4: KTM – Successful restructuring
RESULTS PRESENTATION | H1 2025 KTM – Successful restructuring The KTM Group is the core of the PIERER Mobility Group • Liabilities > €2B • November 29, 2024: Opening of restructuring proceedings with self-administration (KTM AG, KTM Components GmbH, KTM Forschungs & Entwicklungs GmbH) • February 25,
Slide 5: KTM – Successful restructuring: main reasons for insolvency
RESULTS PRESENTATION | H1 2025 KTM – Successful restructuring Main reasons for the KTM insolvency The causes can be traced back to a series of several circumstances and cannot be reduced to a single fact: • Loss-making business areas: PIERER New Mobility and MV Agusta • High inventories at dealers d
Slide 6: KTM – Successful restructuring: measures
RESULTS PRESENTATION | H1 2025 KTM – Successful restructuring Measures • Significant reduction in production volumes in Mattighofen, Austria, from 2025 to 2026 • Greater focus on production at partner sites to take advantage of lower procurement costs • Adjustment of the workforce, particularly in A
Slide 7: Motorcycle retail market environment in H1 2025
RESULTS PRESENTATION | H1 2025 Motorcycle – retail market environment in H1 2025 In a challenging environment, dealers sold more than 100,000 motorcycles to retail Registrations Market Main motorcycle (>120c) markets in H1 2025 in 1,000 Market share Europe: 9.5% share 900 (rolling 12 months) 14% • E
Slide 8: Motorcycle unit sales in H1 2025
RESULTS PRESENTATION | H1 2025 Motorcycle unit sales in H1 2025 Total wholesale: 85,284 units – PIERER Mobility with 50,334 units & via Bajaj Auto 34,950 units 400,000 Husqvarna 13% 292,497 GASGAS 4% 300,000 KTM MV Agusta & 78% CFMOTO 200,000 5% 147,496 100,000 85,284 H1 2024 North Asia Europe Ameri
Slide 9: Retails
RESULTS PRESENTATION | H1 2025 Retails Weekly Trend 7,000 6,000 5,000 4,000 3,000 2,000 1,000 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 PIERER Mobility AG | Edisonstraße 1, 4600 Wels 201
Slide 10: KTM AG Stock Development
RESULTS PRESENTATION | H1 2025 KTM AG Stock Development AG STOCK LAGERMAX STOCK 87,659 89,374 85,900 83,871 81,255 78,758 78,021 77,648 78,663 Stock Stock Stock Stock 80,000 76,291 73,659 LMX LMX NL NL Model Struct. 30.06.2025 23.06.2025 ∆ 30.06.2025 23.06.2025 ∆ 66,251 Overall Result 11 328 12 288
Slide 11: Dealer/Importer Stock Development 2025
Dealer/Importer Stock Development 2025 240,000 216,288 214,824 211,314 202,024 199,231 196,828 197,048 196,233 196,055 200,000 192,939 189,961 182,011 175,263 165,840 153,799 DEALER/IMP STOCK CW26: 160,000 44,567 143,823 41,998 135,237 132,856 120,000 39,207 39,550 ➔ 132,856 38,336 40,491 + 779 ab
Slide 12: Results H1 2025
RESULTS PRESENTATION | H1 2025 North America Results H1 2025 32% Other 21% P&L Revenue split Europe in H1 2025 47% in €m 2024 H1 2024 H1 2025 Revenue 1,879 1,007 425 Revenue -57.8%: limited production, demanding environment Production costs (-1,930) (940) (439) Production costs -53.3%: reduced varia
Slide 13: Results H1 2025
RESULTS PRESENTATION | H1 2025 Results H1 2025 No goodwill in balance sheet Balance sheet Inventories reduced by €223M Trade receivables lower by €135M Trade payables down by €236M → Working capital employed Dec 31, June 30, Dec 31, June 30, reduced by €122M to €403M in €m 2024 2025 in €m 2024 2025
Slide 14: Segment results H1 2025
RESULTS PRESENTATION | H1 2025 Segment results H1 2025 Key figures Adj. Total thereof (excluding restructuring restructuring Motorcycle segment profit profi) accounts for H1 2025, in €m Motorcycle Bicycle Other * Group total Revenue external 372 52 1 425 425 88% EBITDA 1,038 (11) (24) 1,003 1,187 (1
Slide 15: Employees
RESULTS PRESENTATION | H1 2025 Employees As of June 30, 2025 • 4,303 employees, including 185 apprentices • 25% female employees • After making substantial staff cuts, the Group is again looking to recruit qualified specialists and managers, especially for its headquarters in Upper Austria. 6,088 6,
Slide 16: Shareholder structure
RESULTS PRESENTATION | H1 2025 Shareholder structure August 2025 Call option • Bajaj Auto International Holdings B.V. has a call option to acquire all shares Share of Pierer Industrie AG characteristics in Pierer Bajaj AG • 33.796.535 • Can be exercised bearer shares until the end of May • No shares
Slide 17: Outlook
RESULTS PRESENTATION | H1 2025 Outlook New cost base allows for sustainable value creation in the long term FY 2025 Beyond 2025 • Revenue significantly below the level of the • Some of the cost-cutting measures introduced previous financialy year, due to will take more time to implement and take eff
Slide 18: Appendix
Appendix
Slide 19: Motorcycle wholesales in H1 2025
RESULTS PRESENTATION | H1 2025 Motorcycle wholesales in H1 2025 North South Africa & Europe America Asia America Oceania 66,745 18,344 15,833 41,716 5,738 3,653 units sold units sold units sold units sold units sold -72% (-46,634) -49% (-15,362) +11% (+4,228) -30% (-2,413) -36% (-2,031) KTM | 11,556