Slide 1: Half-Year FY 2025 Earnings Presentation
Half-Year FY 2025 Earnings Presentation Peter Mainz | Chief Executive Officer Davinder Athwal | Chief Financial Officer October 28, 2025
Slide 2: Disclaimer
Disclaimer Forward-looking Information This presentation includes forward-looking information and statements, including statements concerning the outlook for Landis+Gyr Group AG and its affiliates, together referred to as Landis+Gyr Group, and hereinafter as “Landis+Gyr”. These statements are based
Slide 3: Highlights H1 FY 2025
Highlights H1 FY 2025 Order intake Order backlog ▪ Continued strong order intake and book-to-bill USD 595m USD 3,980m ratio >1 driven by key Grid Edge technology wins Book-to-bill 1.1 +30.5% vs Sept-24 in Americas ▪ Record backlog of USD 4 billion providing strong Net revenue Adjusted EBITDA foundat
Slide 4: Divestment of EMEA and Share Buyback
Divestment of EMEA and Share Buyback Divestment of EMEA Share Buyback ▪ Definitive agreement signed to sell ▪ Return net proceeds from operations in EMEA for an enterprise divestment to shareholders value of USD 215 million ▪ Buyback of up to USD 175 million ▪ 13.4x FY 2024 Adjusted EBITDA or max. 1
Slide 5: Executing on Strategic Initiatives
Executing on Strategic Initiatives Strategic Focus on Working Review of Americas Towards a EMEA Business US Listing ▪ Divestment of EMEA for ▪ Focused, high-quality, global ▪ Accessing a larger pool of an enterprise value of business centered on Grid capital and facilitating USD 215 million Edge int
Slide 6: US Power Demand is Expected to Increase
US Power Demand is Expected to Increase US Power Demand by sector1, ’000s TWh Green hydrogen production Data Centers Buildings xx Peak demand2, GW Transport Industry Historicals Key Takeaways 8.3 +2.8% p.a. 7.6 0.3 Data center remain the key 0.3 0.8 6.6 0.6 demand growth engine in the 0.4 0.2 US, du
Slide 7: Order Intake / Backlog – H1 FY 2025
Order Intake / Backlog – H1 FY 2025 USD in millions Order Intake Backlog 3’980 1.0x Book-to-Bill 1.1x 154 +30.5% 637 3’050 595 71 82 45 3’826 (6.5)% 566 2’968 550 H1 FY 2024 H1 FY 2025 September 30, 2024 September 30, 2025 Americas APAC Americas APAC ▪ Record backlog of USD ~4.0 billion o/w approx.
Slide 8: Consolidated Results
Consolidated Results USD in millions ,700.0 80.0% 639.4 70.0% ▪ Revenue impacted in Americas by ,600.0 early achievement of performance 535.9 60.0% milestones and a project conclusion ,500.0 483.3 in APAC. 50.0% 36.0% ▪ Adjusted EBITDA compression ,400.0 33.9% 40.0% driven by reduced operating 31.6%
Slide 9: Americas Segment – H1 FY 2025
Americas Segment – H1 FY 2025 USD in millions 600.0 80.0% 558.7 ▪ Revenue decline of 16.0% due to prior 550.0 70.0% year benefit from early achievement of 500.0 performance milestones in Japan. 469.3 60.0% 450.0 ▪ Adjusted EBITDA margin decreased 405.9 400.0 50.0% primarily due to lower operating le
Slide 10: APAC Segment – H1 FY 2025
APAC Segment – H1 FY 2025 USD in millions 120.0 80.0% 70.0% 100.0 60.0% ▪ Revenue impacted by project 80.7 timing in Hong Kong and 80.0 77.4 42.6% 66.7 50.0% Bangladesh. 37.5% 60.0 33.0% 40.0% ▪ Adjusted EBITDA impacted by 27.9% lower operational leverage and mix; 25.1% 30.0% 40.0 prior periods bene
Slide 11: Net Debt – H1 FY 2025
Net Debt – H1 FY 2025 USD in millions ▪ Maintained solid Balance 1.1x 1.4x Sheet position. 41.1 12.9 10.1 209.3 ▪ 1.4x leverage ratio with a net 182.9 debt position of USD 209.3 37.7 million. ▪ Cash from operating activities of USD 37.7 million reflects continued focus on optimizing OWC. ▪ Other pri
Slide 12: Focused High-Quality Business
Focused High-Quality Business USD in millions Net revenue FY 2024 Adjusted EBITDA FY 2024 1’729.3 10.2% up 300 bps 13.2% 175.2 147.7 1’122.7 (27.5) (606.6) FY 2024 Discontinued FY 2024 ex FY 2024 Discontinued FY 2024 ex Operations Disc. Ops. Operations Disc. Ops. Unaudited restated financials 12 | ©
Slide 13: Updated Guidance FY 2025
Updated Guidance FY 2025 Net Revenue Net revenue growth of between 5% and 8% - unchanged from initial guidance - compared to FY 2024 net revenue of USD 1,122.7 million Adjusted EBITDA Adjusted EBITDA margin between 13.0% and 14.5% of net revenue - compared to initial guidance of 10.5% to 12.0% - inc
Slide 14: Landis+Gyr Investment Thesis
Landis+Gyr Investment Thesis Smart Trusted Robust Strong Align. Energy Platform & Backlog Financial Focus. Leader Customers Profile Deliver. 14 | © Landis+Gyr 2025 | H1 FY 2025 Results
Slide 15: Q&A
Q&A Landis+Gyr
Slide 16: Dates & Contacts
Dates & Contacts Important Dates Contact January 28, 2026 Trading Update on Q3 FY 2025 Christian Waelti Head Investor Relations May 7, 2026 Release of FY 2025 Results &Corporate Communications May 29, 2026 Publication of Annual Report 2025 Phone +41 41 935 6331 and Invitation to AGM 2026 Christian.W
Slide 17: Appendix
Appendix Landis+Gyr
Slide 18: Consolidated Results (unaudited)
Consolidated Results (unaudited) USD in millions Change H1 2024 H2 2024 FY 2024 H1 2025 vs H124 Net revenue 639.4 483.3 1’122.7 535.9 (16.2)% Change in constant currency (16.4)% Adjusted Gross Profit 230.1 152.7 382.7 181.7 (21.0)% Adjusted Gross Profit % 36.0% 31.6% 34.1% 33.9% (210) bps Adjusted O
Slide 19: Americas Segment – H1 FY 2025
Americas Segment – H1 FY 2025 Change vs USD in millions H1 2024 H2 2024 H1 2025 H1 2024 Order intake 565.5 1,180.1 549.5 (2.8)% Committed Backlog 2,968.2 3,761.9 3,826.4 28.9% Change in constant currency 28.2% Net revenue 558.7 405.9 469.3 (16.0)% Change in constant currency (16.4)% Adjusted Gross P
Slide 20: APAC Segment – H1 FY 2025
APAC Segment – H1 FY 2025 Change vs USD in millions H1 2024 H2 2024 H1 2025 H1 2024 Order intake 71.0 176.5 45.4 (36.1)% Committed Backlog 81.6 171.8 154.0 88.7% Change in constant currency 93.1% Net revenue 80.7 77.4 66.7 (17.3)% Change in constant currency (16.2)% Adjusted Gross Profit 34.4 29.1 2
Slide 21: Adjustments to EBITDA – H1 FY 2025
Adjustments* to EBITDA – H1 FY 2025 Change vs USD in millions H1 2024 H2 2024 H1 2025 H1 2024 ▪ Restructuring Charges of USD 3.1 Reported EBITDA 111.2 21.4 62.6 (43.7)% million are primarily related to OPEX Adjustments 0.1 15.1 6.6 n/m efficiency initiatives in the Americas. Restructuring Charges 0.
Slide 22: Investing in the Future
Investing in the Future #decarbonizethegrid