Oc Oerlikon Corporation Ag · SIX:OERL
Oc Oerlikon — H1 2026 Earnings Presentation
19 slides from Oc Oerlikon's earnings presentation, Aug 6, 2026
Slide 1: Half-year 2026 Financial Results
Half-year 2026 Financial Results 6 August 2026
Slide 2: H1'26 summary
H1’26 summary Strong financials supported by Aviation, Energy and General Industries Financials CHF 920m CHF 790m 19.7% 9.8% Order intake Sales Op. EBITDA margin Op. EBIT margin ▪ Order intake and sales increased YoY, driven by Aviation, Energy (industrial gas turbines) and General Industries, succe
Slide 3: Improving end markets in H1'26
Improving end markets in H1’26 1 2 3 4 General Industries Tooling Automotive Aviation Energy Luxury 25% of H1’26 total sales 18% 27% 15% 5% 10% H1’26 markets H2’26E markets H1’26 markets H2’26E markets H1’26 markets H2’26 markets H1’26 markets H2’26 markets ▪ Industrial PMIs improving across major ▪
Slide 4: Oerlikon delivers strong financials in first half 2026
Oerlikon delivers strong financials in first half 2026 Markets Orders Sales Profitability ▪ Improving PMIs in all 3 main regions, to ▪ H1 increased 19% FX adjusted YoY ▪ H1 increased 6.7% FX adjusted YoY ▪ Strong increase in the EBITDA margin above neutral level supporting Tooling +19% H1’26 YoY ▪ Q
Slide 5: Coating services: global coating activities for demanding applications
Coating services: global coating activities for demanding applications 38% of H1’26 sales Order intake & sales Profitability ▪ H1’26 sales up 5.5% YoY FX adjusted vs H1’25 ▪ Margin improvement supported by volume / operational leverage, business mix and pricing ▪ All regions contributing to the grow
Slide 6: Materials & Equipment: coating systems, aftersales and materials
Materials & Equipment: coating systems, aftersales and materials 34% of H1’26 sales Order intake & sales Profitability ▪ Sales up 19.7% YoY at constant FX, mainly driven by materials; strong ▪ Margin significantly higher versus H1’25 order intake in equipment, expected to support sales in the second
Slide 7: Components: precision parts manufacturing
Components1: precision parts manufacturing 28% of H1’26 sales Order intake & sales Profitability ▪ Sales down 4.4% YoY at constant FX ▪ Margin affected by hot runners and frictions systems performance, actions launched to support the margin ▪ Friction systems and hot runners (HRSflow) businesses imp
Slide 8: Strong cash flow management contributing to absorb higher raw materials inventories
Strong cash flow management contributing to absorb higher raw materials inventories Pro forma1 cash flow from operating activities +80m Cash flow from operating 1512 activities before change in net current assets ▪ Reported cash flow from operating activities (CHF -8m) includes CHF -42m2 from discon
Slide 9: Ahead of plan on deleveraging and strengthening capital structure
Ahead of plan on deleveraging and strengthening capital structure Positive leverage development (Net debt to EBITDA) Strengthening of capital structure ▪ Achieving 2.5x in H1’26, 6 months ahead of schedule ▪ Repayment of CHF 475m term loan ▪ Continue deleveraging towards below 2x in the mid-term ▪ R
Slide 10: Outlook for full year 2026 increased
Outlook for full year 2026 increased ▪ Mid-single digit % organic growth (previously low single digit % organic growth) 1 Sales ▪ Reflecting strong H1, especially in Aviation, Energy and General Industries, as well as encouraging outlook for H2 ▪ 18.5% to 19.5% (previously ~17.5%) EBITDA ▪ Building
Slide 11: H1'26 conclusion – strong performance and encouraging outlook
H1’26 conclusion – strong performance and encouraging outlook Aviation, Energy and General Industries drove performance with Oerlikon successfully leveraging strong demand and pricing power in materials business despite geopolitical uncertainties On-track with efficiency measures and cost-out action
Slide 12: Join our Capital Markets Day 8 September 2026
Join our Capital Markets Day 8 September 2026 sign up here Page 12
Slide 13: cerlikon YEARS
cerlikon 150 YEARS
Slide 14: Appendix
Surface One™ Surface Two™ ENGINEERED FOR PERFORMANCE. DESIGNED FOR THE FUTURE.
Slide 15: Return on Capital Employed (ROCE)
Return on Capital Employed (ROCE) 2025 H1'26 LTM Operational EBIT 107 138 + Amortization of acquired intangibles 34 32 - Total current income tax -58 -58 1 - Total deferred income tax -1 0 NOPAT excluding amort/imp of acquired intangibles 82 113 Net Operating Assets (only third-party) 2,015 2,092 -
Slide 16: H1 reconciliation of profitability measures – Oerlikon
H1 reconciliation of profitability measures – Oerlikon EBITDA to EBIT bridge Total continuing operations H1 26 H1 25 EBITDA 157 122 Depreciation -44 -48 Impairments -1 -19 EBITA 112 54 Amortization of Acquired Intangibles -16 -18 Other Amortization -18 -18 Impairments -0 -23 EBIT 78 -5 Operational p
Slide 17: Segment Information – quarterly view (continuing operations)
Segment Information – quarterly view (continuing operations) Group CHFm Q1'25 Q2'25 Q3'25 Q4'25 2025 Q1'26 Q2'26 Order intake 421 405 396 433 1655 455 465 Sales 391 395 380 401 1568 378 412 Coating Services CHFm Q1'25 Q2'25 Q3'25 Q4'25 2025 Q1'26 Q2'26 Order intake 153 154 146 145 599 150 156 Sales
Slide 18: Investor Relations
Investor Relations Aymeric Jamin Aymeric.jamin@oerlikon.com +41 58 360 96 59 ir@oerlikon.com www.oerlikon.com/en/investors
Slide 19: Disclaimer
Disclaimer OC Oerlikon Corporation AG, Pfäffikon, (together with its affiliates hereinafter referred to as “Oerlikon”) has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the trut