Kion Group Ag · XETR:KGX
Kion — Q2 2025 Earnings Presentation
24 slides from Kion's earnings presentation, Jul 30, 2025
Slide 1: KION GROUP AG Q2 2025 Update Call
KION GROUP AG Q2 2025 Update Call Rob Smith (CEO), Christian Harm (CFO) Frankfurt, 30 July 2025
Slide 2: Agenda
Agenda 1. Summary Q2 2025 2. Financial Update 3. Outlook 2025 & Key Takeaways 2 KION GROUP AG | Q2 2025 Update Call | 30 July 2025
Slide 3: Q2 2025 Key Financial Figures
Q2 2025 Key Financial Figures Solid revenue & adj. EBIT in line with expectations - record quarterly order intake in SCS Order intake Revenue Adj. EBIT1 Free cash flow EPS €3.5bn €2.7bn €189m €132m €0.72 +33% yoy -6% yoy -14% yoy -4 yoy +38% yoy 7.0% adj. EBIT Margin -70bp yoy A good second quarter,
Slide 4: Agenda
Agenda 1. Summary Q2 2025 2. Financial Update 3. Outlook 2025 & Key Takeaways 4 KION GROUP AG | Q2 2025 Update Call | 30 July 2025
Slide 5: ITS – Key Financials
ITS – Key Financials Adj. EBIT and adj. EBIT margin impacted mainly by lower volumes 1 Change Change (in €m) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 yoy qoq Order intake (in ‘000 units) 63.9 51.7 70.0 65.2 70.0 +9% +7% Order intake 1,966 1,797 2,199 1,958 2,070 +5% +6% Order book 2,602 2,321 2,246 2
Slide 6: SCS – Key Financials
SCS – Key Financials Business solutions drives order growth. Continued improvement in profitability 1 Change Change (in €m) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 yoy qoq Order intake 677 636 624 756 1,445 +114% +91% of which E-commerce (%)2 61% 30% 57% 42% 87% - - Order book 2,732 2,542 2,424 2,37
Slide 7: KION Group – Key Financials
KION Group – Key Financials Strong increase in orders. Solid revenue and EBIT in line with expectations 1 Change Change (in €m) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 yoy qoq Order intake 2,640 2,427 2,815 2,706 3,500 +33% +29% Order book 5,272 4,804 4,635 4,430 4,963 -6% +12% Revenue 2,877 2,699 3
Slide 8: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income Net income increased year-over-year mainly due to lower ppa and tax expenses Q2 Q3 Q4 Q1 Q2 Change Change (in €m) 2024 2024 2024 2025 2025 yoy qoq Comments Adj. EBITDA 474 471 526 459 457 -4% -0% D&A -254 -251 -275 -263 -267 -5% -1% 1 Non-recurring items did not Adj. EB
Slide 9: Cash Flow Statement
Cash Flow Statement FCF benefited from further NWC release Free cash flow Q2 2025 Comments (in €m) 103 -169 1 Improvement in net working 218 169 131 -15 capital driven by both operating -88 132 1 2 2 segments -49 -108 -12 2 Includes €108m paid taxes and -37 €15m additional pension EBIT D&A on NWC Ta
Slide 10: Net Debt
Net Debt Stable leverage ratios Indebtedness and leverage1 ratios as at 30 June 2025 Comments (in €m) 1 1.3x 1 Leverage ratios remained unchanged despite slight 2,511 increase in net financial debt 747 Liab. from procurement leases 1 1 0.5x 0.5x 778 Liab. from STR 949 986 financing 37 986 Net financ
Slide 11: Agenda
Agenda 1. Summary Q2 2025 2. Financial Update 3. Outlook 2025 & Key Takeaways 11 KION GROUP AG | Q2 2025 Update Call | 30 July 2025
Slide 12: Outlook for 2025 confirmed
Outlook for 2025 confirmed Subject to no significant disruption to our supply chains The KION Group has made a good start to fiscal year 2025, in line with its expectations. Looking ahead, the economic environment is still characterized by considerable uncertainty Due to the ongoing trade confli
Slide 13: FY 2025 Outlook
FY 2025 Outlook “Look-through” year for ITS while SCS to improve further on self-help measures KION Group Industrial Trucks & Services Supply Chain Solutions (in €m) FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 Actuals Outlook Actuals Outlook Actuals Outlook Revenue 11,503 10,900 – 11,700 8,609 8
Slide 14: Key Takeaways
Key Takeaways Good H1 2025, in line with our expectations. The economic environment remains characterized by considerable uncertainty. In particular, the ongoing trade conflict could potentially have negative impacts on our value chains and our markets Self-help measures - completion of legacy proje
Slide 15: Q & A Session
Q & A Session 15 KION GROUP AG | Q2 2025 Update Call | 30 July 2025
Slide 16: Appendix
Appendix 16 KION GROUP AG | Q2 2025 Update Call | 30 July 2025
Slide 17: Assumptions for Outlook 2025
Assumptions for Outlook 2025 Market expectations (measured in order intake) Industrial truck market in units to grow slightly year-on-year across all regions – slowdown of growth in EMEA and stable growth rates in APAC compared to 2024. In Americas, market recovery is expected. However, in value t
Slide 18: FY 2025 Expectation – Housekeeping Items
FY 2025 Expectation – Housekeeping Items Non recurring items¹ Non Operating Capex² ... between -€240m and -€275m ... between -€400m and -€450m PPA R&D spending³ ... around -€85m to -€90m ... Around 3% of group revenue Net Financial expenses Dividend policy … between -€170m and -€190m … 25% to 40% of
Slide 19: Key Financials
Key Financials Group figures Industrial Trucks & Services Supply Chain Solutions Q2 Q1 FY Q4 Q3 Q2 Q1 Q2 Q1 FY Q4 Q3 Q2 Q1 Q2 Q1 FY Q4 Q3 Q2 Q1 (in €m) 2025 2025 2024 2024 2024 2024 2024 2025 2025 2024 2024 2024 2024 2024 2025 2025 2024 2024 2024 2024 2024 Order intake1 3,500 2,706 10,321 2,815 2,42
Slide 20: Leverage Development and Maturity Profile
Leverage Development and Maturity Profile Leverage ratios on low level of prior quarter Leverage development1,2 Maturity profile and free liquidity as at 30 June 2025 (in €m) 3.2x Self-help returns leverage ratios to levels even lower than last seen post Dec. 2020 capital increase 2.3x 2,004 2.7x 2,
Slide 21: ITS Order Intake
ITS Order Intake Share of electrified products at 93% in Q2 2025 Development of KION ITS segment Change Order intake Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Change yoy Change qoq FY 2021 FY 2022 FY 2023 FY 2024 yoy Order intake (in ‘000 units) 63.9 51.7 70.0 65.2 70.0 +9% +7% 299.4 268.2 241.7 245.0
Slide 22: Industrial Truck Market and ITS Order Intake
Industrial Truck Market and ITS Order Intake KION global market Q1 2025 share on a stable level compared to PY Industrial Truck Market1 Development of KION ITS segment Regional Region (Change in Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 growth Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 (Change in
Slide 23: Financial Calendar
Financial Calendar Date Event 03 – 04 September 2025 KION @ Jefferies Global Industrials Conference, New York City, USA 04 September 2025 KION @ ODDO BHF / Commerzbank German Corporate Conference, Frankfurt, Germany 05 September 2025 KION @ BofA Back to School Industrials Fieldtrip, virtual 08 Septe
Slide 24: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”, and together with its consolidated subsidiaries, the "KION Group") solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral p