Hms Bergbau Ag · XETR:HMU
Hms Bergbau — Investor Presentation (June 2026)
22 slides from Hms Bergbau's investor presentation, June 2026
Slide 1: Company Presentation June 2026
Company Presentation June 2026 HMS Bergbau Group not to be copied or distributed without written consent
Slide 2: Disclaimer
1 Disclaimer The information contained in this presentation is strictly confidential. It is intended only for the respective addressee and may not be distributed or disclosed without the prior consent of HMS Bergbau AG (the "Company"). The information in this presentation does not constitute an offe
Slide 3: Diversified commodities company with its own reserves, production, and global trading
Diversified commodities company with its own reserves, production, and global trading 2 Diversified business model reduces risks and creates growth opportunities across all segments Core business: Mining operations/ Liquid fuels and international coal commodity lubricants trading production Strong f
Slide 4: Growth momentum continues to accelerate in the first few months of 2026
Current highlights of the investment case: Growth momentum continues to accelerate in 3 the first few months of 2026 ► Tangible results demonstrate the transformation into a broadly diversified commodities firm Mining operations Significant expansion of launched in the first half Global demand for c
Slide 5: HMS Bergbau AG: Diversified, established, high-growth
HMS Bergbau AG: Diversified, established, high-growth 4 Established International Logistics- and Focused Growing and commodity trading business with a financing expertise participation in sustainably company focusing strong focus on with clear focus on mining projects incl. profitable, low-risk on e
Slide 6: HMS Bergbau AG: Diversified, established, high-growth
HMS Bergbau AG: Diversified, established, high-growth 5 Supervisory Board Heinz Schernikau, Vorsitzender Founder HMS Bergbau AG Dennis Schwindt, CEO Jens Moir, CFO Dr. h.c. Michael Bärlein Henry Werkmeister ▪ Since 07/2020: CEO, HMS Bergbau AG ▪ Since 09/2020: CFO, HMS Bergbau AG ▪ Since 2018: COO,
Slide 7: Well positioned internationally
Well positioned internationally Physical Commodity Trading & Project Developments 6 HMS Bergbau AG Berlin, Germany Headquarter Subsidiary / Company shareholding Subsidiary / Company shareholding in establishment Representative office HMS Bergbau Group not to be copied or distributed without written
Slide 8: Financing as a driver of growth
Financing as a driver of growth: capital inflows as a catalyst for increased turnover with attractive margins across the respective business segments 7 Trade finance facilities of USD On-balance-sheet capital If financing can be utilised six Good growth opportunities 550m, provided by 16 Banks in en
Slide 9: Global demand for coal remains stable
Global demand for coal remains stable HMS Bergbau is ideally Global coal Growth drivers: Emerging Seaborne coal trade accounts positioned to profit from demand reached Markets & Developing for around 16% of global coal continuing growth in record levels in Nations (excluded from production. HMS Berg
Slide 10: At home in growth markets
At home in growth markets HMS Trade Flows coal worldwide 2025 Asia Others Other 4% Others Kazakhstan 3% Europe 3% Australia 3% Indonesia 4% 9 5% 27% China 6% Bangladesh South Africa 8% 16% Southeast India Asia 17% 58% USA 18% Mozambique 26% Global deliveries with a strong focus on Southeast Asia and
Slide 11: Liquid fuels: a new business segment growing rapidly
Liquid fuels: a new business segment growing rapidly Commodities trading and project investments An experienced, globally active trading team with around 30 employees, acquired in Q3 2025: • Over 10 years’ experience as a trading team • Extensive expertise and a strong network 10 • The team has prev
Slide 12: Seaborne trade remains indispensable for the global economy
Seaborne trade remains indispensable for the global economy, Asia in particular is driving growth Continuously rising global transport volumes and increasingly longer transport routes are driving growth in the fuel market Global container traffic Increase in average distances travelled due to disrup
Slide 13: Own coal mines in South Africa and Botswana have commenced operations
Own coal mines in South Africa and Botswana have commenced operations Vertical expansion of the value chain is progressing HMS secures access to raw materials through investments in mining projects worldwide Kazakhstan Exclusive off-take agreements Lithium/cobalt – Initial test drilling at a very ea
Slide 14: Highly modern metallurgical coal mine
Highly modern metallurgical coal mine Production has started, full production from H2/2026 Maatla Resources, Botswana (51% HMS) 13 ▪ Total licence area: 44.8 km² ▪ Ideal logistics links for exports to South Africa ▪ The licence area is situated in a well-known and developed coal mining region with a
Slide 15: Operational mine with attractive upside potential
Operational mine with attractive upside potential Own processing plant for high-margin end products Maatla Resources, Botswana (51 % HMS) Botswana is considered stable; coal mining is encouraged Start as an open-cast mine 14 On-site processing plant increases added value 94+ million tons of coal res
Slide 16: Hoshoza Resources: Mine in South Africa has started production
Hoshoza Resources: Mine in South Africa has started production High-calorific coal and our own processing plant ensure profitability HMS has acquired a 75% stake In the initial phase, raw coal will be sold – expansion for further processing is planned (implementation expected in 2026) 15 ▪ Total lic
Slide 17: Information preliminary figures 2025
Information preliminary figures 2025 Accounting in accordance with IFRS Revenue in €m EBITDA in €m 59,4 1500 1,364 1,224 60 37m Maatla 1000 40 first-time 21,7 consolidation 500 20 effect 0 0 FY 2024 FY 2025p FY 2024 FY 2025p Net Income in €m Equity in €m 54,8 132,6 16 60 150 (37%) 84m Maatla first-t
Slide 18: Strong Financials 2025
Strong Financials 2025 Figures for 2024 and 2025 in accordance with IFRS Revenue in €m EBITDA in €m 2,000.0 59.4 2000 60 55.0 1800 1600 50 20m first-time 1,363.7 consolidation 1400 1,296.2 37m first-time Hoshoza 1,224.5 40 consolidation 1200 Maatla 971.9 1000 30 800 21.7 20 15.4 15.7 600 427.7 17 40
Slide 19: Financial Indicators
Financial Indicators (Group, local GAAP (HGB), 2025 IFRS) Balance Sheet 2021 2022 2023 2024 2025p Total assets €m 98.8 130.5 281.6 220.1 357.6 Equity €m 21.1 32.2 40.7 51.1 132.6 Equity ratio % 21.4 24.7 14.5 23.2 37.1 Financial liabilities €m 11.6 16.3 16.5 26.4 92.7 Cash balance €m 26.0 31.0 36.0
Slide 20: Share & Shareholders
Share & Shareholders Free Float 23.4 % ERAG Energie & Rohstoff AG # of shares: 4,590,588 (Schernikau Family) 37.0 % ISIN: DE0006061104 Treasury Shares WKN: 606110 1.0 % Schernikau Family Designated MWB Fairtrade Wertpapierhandels- 4.4 % Sponsor: bank AG LaVo Verwaltungs- Schernikau Family Frankfurte
Slide 21: Investment Highlights Recap
Investment Highlights Recap Decades of experience and High-margin mining business Proven track record of success extensive expertise launched Strategic diversification in the liquid Well positioned to expand market Experienced management team fuels sector is already showing share and tap into new ma
Slide 22: Company Contact
Company Contact Investor Relations Manager: edicto GmbH HMS Bergbau AG Ralf Droz/ Doron Kaufmann An der Wuhlheide 232 T: +49 69 905 505 51 12459 Berlin E-Mail: hms-bergbau@edicto.de Germany T: +49 (30) 65 66 81-0 F: +49 (30) 65 66 81-15 E-Mail: hms@hms-ag.com www.hms-ag.com 21