Heidelberger Druckmaschinen Ag · XETR:HDD
Heidelberger Druckmaschinen — Q1 FY2025/26 Earnings Presentation
29 slides from Heidelberger Druckmaschinen's earnings presentation, Jul 31, 2025
Slide 1: Q1 FY 2025/26 Analysts' and Investors' conference
Experience ∙ Evolution ∙ Excellence Heidelberger Druckmaschinen AG – Q1 FY 2025/26 Analysts’ and Investors’ conference Dr. David Schmedding, CSO/CTO | Volker Herdin, Head of Finance | July, 31 2025
Slide 2: Disclaimer
Disclaimer This release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future devel
Slide 3: Highlights / Financial review / Outlook
Highlights Financial review Q1 FY 2025/26 Outlook FY 2025/26 3 © Heidelberger Druckmaschinen AG
Slide 4: High level of loyalty towards HEIDELBERG
High level of loyalty towards HEIDELBERG. Our 2025 Family Day was a success showing the right culture, spirit & mindset. © Heidelberger Druckmaschinen AG 4
Slide 5: Basis for FY 2025/26
Basis for FY 2025/26. Last fiscal year, HEIDELBERG took decisive steps for its further development. Implementation of New leadership & Growth- & strategic Initial success „Zukunftsplan“ organizational setup measures “Zukunftsplan” covering Introduction of “Product Comprehensive and precise Achieveme
Slide 6: First quarter at a glance
First quarter at a glance. Profitability improvement is setting a solid foundation for the entire fiscal year. Incoming orders Net sales Adj. EBITDA in % Net sales € 559m € 466m 4.4 % (PY: € 701m) (PY: € 403m) (PY: -2.3%) // Key developments of the first quarter FY 2025/26: Q1 incoming orders laid a
Slide 7: Q1 FY 2025/26 – Stable basis for the FY
Q1 FY 2025/26 – Stable basis for the FY. Higher book-to-bill ratio quarter-over-quarter signals decent market demand. Key takeaways: 1.74 in million € Book-to-bill ratio A book-to-bill ratio greater than one 1.20 indicates a stable market and potential for further sales growth. 0.79 Book-to-bill exp
Slide 8: U.S. tariffs update
U.S. tariffs update. HEIDELBERG with manageable exposure. FY 2024/25 U.S. Net sales split HEIDELBERG’s U.S. exposure: U.S. Net sales amounted to approx. 13% of total group Net sales in FY 2024/25. Thereof, approx. 1/2 were generated with products imported (predominantly Germany). 150 Up to 50% of to
Slide 9: Our goal: Systems Integrator Packaging
Our goal: Systems Integrator Packaging. Best End-to-End Workflow ! Integrated, interconnected and automated.
Slide 10: HEIDELBERG acquires Polar Mohr brand rights and technology
HEIDELBERG acquires Polar Mohr brand rights and technology. Position as systems integrator in packaging market strengthened. Acquisition of technology HEIDELBERG exclusively obtains technology for Polar Mohr postpress products, including patents, IP rights, know-how and brand. Continued partnership
Slide 11: Technology segment uses competencies of the core business
Technology segment uses competencies of the core business. 80% reuse for high-growth, profitable areas. Know-how, resources and megatrends from core business HEIDELBERG Technology HEIDELBERG Amperfied (Emobility) - DC Fast charging stations New - Wallboxen Industry business - Machinery & plant engin
Slide 12: HEIDELBERG enters the defense industry
HEIDELBERG enters the defense industry. MoU regarding system partnership with VINCORION marks start of strategic cooperation. Partnership goals Development, industrialization Technological & industrialization Technology specialist in power and serial-production of power partner offering to the defen
Slide 13: Highlights / Financial review / Outlook
Highlights Financial review Q1 FY 2025/26 Outlook FY 2025/26 13 © Heidelberger Druckmaschinen AG
Slide 14: Group key performance indicators (Q1 FY 2025/26)
Group key performance indicators (Q1 FY 2025/26). Significant increase in sales and profitability. Key takeaways: in million € Q1 FY 2024/25 Q1 FY 2025/26 change y/y 701 Q1 orders laid a solid foundation for the entire fiscal year; also // Incoming orders -20% compared to very strong prior year drup
Slide 15: New segmentation starting April 1st, 2025
New segmentation starting April 1st, 2025. Effective governance will bring our growth and value opportunities to light. Product view Segment Structure starting April 1st, 2025 Customer view // Print&Packaging // Digital // HEIDELBERG Equipment Solutions&Lifecycle Technology Segment Structure till Ma
Slide 16: Segment split (Q1 FY 2025/26)
Segment split (Q1 FY 2025/26). Strong improvement in sales and profitability in Print & Packaging Equipment. in million € Q1 FY 2024/25 Q1 FY 2025/26 Incoming orders Net sales Adj. EBITDA Key takeaways: -27.6% Orders down in Print & Packaging Equipment +13.6 pps +41.6% and Digital Solutions & Lifecy
Slide 17: Regions (Q1 FY 2025/26)
Regions (Q1 FY 2025/26). Increased sales in Europe and Asia lead to enhanced profitability. in million € Q1 FY 2024/25 Q1 FY 2025/26 change y/y Key takeaways: Incoming 339 -15.2% Incoming orders 15% below previous year's quarter. Impacted by orders 288 fx-adj. –15.4% EMEA orders which are carried ov
Slide 18: EBITDA bridge (Q1 FY 2025/26)
EBITDA bridge (Q1 FY 2025/26). Solid EBITDA growth due to higher sales & better efficiency execution. in million € Key takeaways: Q1 2024/25 reported EBITDA -9 Non-recurring items 0 No adjustments in Q1 FY 2024/25. Q1 2024/25 -9 adjusted EBITDA + Higher sales volume along with higher corresponding Δ
Slide 19: Operating Cashflow (Q1 FY 2025/26)
Operating Cashflow (Q1 FY 2025/26). Improved EBITDA leads to better operating Cashflow. Adj. EBITDA to Operating Cashflow Q1 FY 2025/26 Change y/y Comments on y/y changes: in million € EBITDA improved, mainly due to higher EBITDA 20 30 volume and better capacity utilization. (adjusted figures) Tax &
Slide 20: Free Cashflow (Q1 FY 2025/26)
Free Cashflow (Q1 FY 2025/26). FCF benefits from improved operating cash flow. Change y/y Operating to Free Cashflow Q1 FY 2025/26 excl. non-rec. items Comments on y/y changes: in million € Operating 43 Cashflow -58 Investments on previous year's level, however shifting towards growth-oriented Inves
Slide 21: Balance Sheet (Q1 FY 2025/26)
Balance Sheet (Q1 FY 2025/26). Equity remains on a solid level, Net financial position lower due to negative FCF. 25,1% Equity (equity ratio in %) Net financial position1 25.1% 24.0% in million € Equity fell to €517m, due in million € The Net financial position 546 to the quarterly loss and 91 remai
Slide 22: Key takeaways financials
Key takeaways financials. Incoming orders provide a solid foundation for positive financial development throughout the year. Despite a challenging market environment, HEIDELBERG's sales grew by 16%. Cost and efficiency measures starting to show an impact on profitability. © Heidelberger Druckmaschin
Slide 23: Highlights / Financial review / Outlook
Highlights Financial review Q1 FY 2025/26 Outlook FY 2025/26 23 © Heidelberger Druckmaschinen AG
Slide 24: Guidance FY 2025/26
Guidance FY 2025/26. HEIDELBERG to report solid progress, both strategically and margin-wise. in million € y/y comparison after Q1 Guidance FY 2025/26 Key takeaways: Q1 Q1 Δ y/y FY 2024/25 FY 2025/26 Net sales guidance supported by solid order situation. // Net sales 403 466 16% ~ € 2,350m Quarter-o
Slide 25: Key takeaways
Key takeaways. Heidelberg has made a positive start to the new financial year and has confirmed its guidance for FY 2025/26. Implementation of the “Zukunftsplan” will lead to continuously improving cost basis over the coming quarters. HEIDELBERGs Technology segment makes inroad to the defense indust
Slide 26: Financials. P&L
Financials. P&L Figures in € millions Q1 Q1 absolute change 2024/2025 2025/2026 Net sales 402.5 466.2 63.7 Change in inventories/other own work capitalized 98.7 85.8 -12.9 Total operating performance 501.2 552.0 50.8 0.0 Other operating income 16.8 18.6 1.8 Cost of materials 239.1 250.9 11.8 Staff c
Slide 27: Financials. Reported to adjusted EBITDA
Financials. Reported to adjusted EBITDA. Figures in € millions Q1 2024/2025 Q1 2025/2026 Change in % Reported EBITDA -9.1 20.5 n/a Reported EBITDA in % of Net sales -2.3% 4.4% +6.7 pps Legal Dispute 0 0 / Provisions personal costs 0 0 / Adjusted EBITDA -9.1 20.5 n/a Adjusted EBITDA in % of Net sales
Slide 28: Financials. Balance sheet
Financials. Balance sheet. Assets Equity and Liabilities Figures in € millions 31.3.2025 30.6.2025 Figures in € millions 31.3.2025 30.6.2025 Non-current assets Equity Intangible assets 218.1 219.8 Issued capital 779.1 779.1 Property, plant and equipment 675.3 664.1 Capital reserves, retained earning
Slide 29: Financials. Segments: Quarterly overview
Financials. Segments: Quarterly overview. Print & Packaging Equipment Digital Solutions & Lifecycle HEIDELBERG Technology Figures in € millions Q1 Q1 Figures in € millions Q1 Q1 Figures in € millions Q1 Q1 2024/2025 2025/2026 2024/2025 2025/2026 2024/2025 2025/2026 Incoming orders 416.3 301.2 Incomi
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