Jungheinrich Ag Pref · XETR:JUN3
Jungheinrich Ag Pref — Jungheinrich — Investor Presentation (August 2026)
59 slides from Jungheinrich Ag Pref's investor presentation, August 2026
Slide 1: Capital market presentation
Capital market presentation Hamburg, August 2026
Slide 2: Agenda
Agenda 1 Highlights 2 Strategy 2030+ 3 Key figures for H1 2026 4 Outlook 5 Additional information
Slide 3: Facts & Figures 2025
Facts & Figures 2025 Incoming orders (€5.4 billion) Strategy 2030+ successfully and revenue (€5.5 billion) launched in first year robust EBIT, adjusted for one-off Transformation effects, of €448 million programme largely (EBIT ROS 8.1%) implemented Free cash flow is strong Market entry into Mid-Tec
Slide 4: Integrated, resilient business model
Integrated, resilient business model Customer centricity – all services from a single source One-brand strategy – Jungheinrich stands for quality across the entire product and service spectrum Comprehensive, complete life cycle management Measurable added value and tailored solutions for the custome
Slide 5: Complete solutions for warehouse logistics
Complete solutions for warehouse logistics Warehouse trucks Electric counter-balanced trucks Energy systems Warehouse equipment Fully automated systems Semi-automated systems Manually operated systems 5
Slide 6: Strong position in Europe, balanced customer structure
Strong position in Europe, balanced customer structure 7% (7%) 12% (10%) APAC Americas Food industry Mechanical, automotive (production) and electrical engineering Revenue by region 22% Chemical industry 9% 11% 61% (61%) 4% Logistics EMEA excluding 20% (22%) 13% Germany Germany Customer structure2 T
Slide 7: One of the world's leading solutions providers for material handling
Jungheinrich is one of the world’s leading solutions providers for the material handling sector 1 6 2 7 3 8 4 9 5 10 Sources: Top 20 Lift Truck Suppliers 2025 – Modern Materials Handling; Top 20 Systems Suppliers 2023 – Modern Materials Handling; annual reports 7
Slide 8: Strategy 2030+
2 Strategy 2030+
Slide 9: A clear destination: €10 billion revenue, 10% EBIT ROS
A clear destination: We will become a 10 I 10 company Revenue €10 billion 10% EBIT ROS Targets based on organic growth 9
Slide 10: 2025: Important successes in our strategic fields of action
2025: Important successes in our strategic fields of action Global Portfolio expansion Automation extension Transformation Successful integration of US Significant customer Market entry into Transformation programme acquisition Invar into projects for warehouse Mid-Tech segment launched, personnel a
Slide 11: Global Expansion: North America and APAC
Global Expansion: Become truly global by driving expansion in North America and APAC OBJECTIVE Develop North America into the second core market alongside Europe 2030 & become a leading market player for material handling in APAC North America Increasing market penetration for industrial trucks
Slide 12: Global Expansion: Additional M&A activities
Global Expansion: Additional M&A activities with a strategic focus on North America and APAC Clear criteria for M&A Europe North America APAC Enhancement of Opportunistic Strategic Focus market presence Build upon synergy To become truly global, we are committed to achieve effects additional > €1 bi
Slide 13: Transformation programme strengthens global competitiveness
The ongoing transformation programme strengthens global competitiveness and ensures sustainable profitability Transformation programme Response to more intense global competition and increasing cost pressure to make the company fit for the future €100 million cost savings p.a. Sustainable cost s
Slide 14: AntOn by Jungheinrich
anton BY JUNGHEINRICH Made to rely on. .—— 2 (= a = ie | ee le fnton i \ mE € £ | — (ee q i r a (' 2 . _ - \\ eee 14
Slide 15: Strategic partnership positions Jungheinrich in attractive growth segment
Strategic partnership positions Jungheinrich in attractive growth segment New portfolio as entry into Mid-Tech market Global industrial trucks market1 May 2025: Jungheinrich and EP Equipment agree on strategic partnership ~ 2.2 million Pooling of both companies’ strengths to increase efficiency,
Slide 16: Heavy load meets high voltage: FalcOn
Heavy load meets high voltage: Jungheinrich looks to tomorrow with FalcOn Press release 16
Slide 17: Innovations and world premieres in 2026
Innovations and world premieres in 2026 Maximum bandwidth: our new electric counterbalanced trucks EFG 2i EFG 3i EFG 5 FalcOn Low-lift and double-decker Mobile robot Reach trucks High-lift mobile robot IF Design Awards equipment master control Series 1i ETV 4i EAC 212a EAE 212a & ETV 216i Press rele
Slide 18: Our goals and capital allocation priorities
Our goals and capital allocation priorities set the clear framework for our ambitions Targets for 2030 Capital allocation Revenue EBIT ROS €10 billion 10% Investments M&A Shareholder Cash conversion Corporate returns rate1 Carbon Footprint2 R&D expenditure Maintaining capital Continued -30%3 ~3-4% o
Slide 19: Outlook for 2026: focal points of strategic fields of action
Outlook for 2026: focal points of strategic fields of action Global Portfolio expansion Automation extension Transformation Acceleration of regional Targeted market development in Market penetration with full liner Completion of transformation expansion in North America growth sectors: trade, logist
Slide 20: Key figures for H1 2026
JUNGHEINRICH Key figures for H1 2026
Slide 21: H1 2026 at a glance
H1 2026 at a glance Incoming orders up significantly by 8% on previous year to €2,954 million Revenue of €2,669 million at previous year’s level EBIT of €145 million far below previous year, EBIT ROS at 5.4% Negative one-off effects of €34 million: Russian subsidiary sale, consequential effects of s
Slide 22: Highlights following the first quarter of 2026
Highlights following the first quarter of 2026 Interest in EP Equipment Interest in Navflex Acquisition of All Lift Forklifts 4.9% stake acquired in Chinese ~7% stake in specialist for Physical AI Full acquisition of Australian rental material handling partner and automation of truck loading a
Slide 23: Group: Incoming orders and revenue
Group: Incoming orders and revenue Incoming orders Revenue in € million in € million +5%2 +3%2 1,3571 1,419 1,3511 1,397 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Incoming orders influenced by increased demand in AWE Slight revenue growth – increases in both segments segment (+27%) (ITS: +1%, AWE: +17%) 1 Inc
Slide 24: Group: Earnings indicators far below previous year
Group: Earnings indicators far below previous year EBIT EBT Profit or loss Earnings per preferred share in € million in € million in € million in € –10% –6% –33% –33% –17% –13% 106.01 70.0 0.70 95.5 98.71 93.0 7.1 6.8% 7.1 6.7% 47.0 0.47 EBIT 88.4 EBT 85.9 7.8% ROS 6.3% 7.3% ROS 6.1% Q2 2025 Q2 2026
Slide 25: Industrial Trucks & Services segment (ITS)
Industrial Trucks & Services segment (ITS) Incoming orders Revenue EBIT in € million in € million in € million +0%3 +1%3 –9% –17% 1,1401 1,142 1,1521 1,162 98.22 89.0 7.1 7.7% 81.9 8.5% EBIT ROS 7.0% Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 One-off effects of €7.1 million included Incoming or
Slide 26: Automation & Warehouse Equipment (AWE) segment
Automation & Warehouse Equipment (AWE) segment Incoming orders Revenue EBIT in € million in € million in € million +27% +17% >–100% 311 Q2 2025 Q2 2026 266 245 228 -0.1 EBIT –0.1% ROS –0.8% -2.2 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Growth in both business fields Revenue growth in both business fields Res
Slide 27: Decline in capital expenditure, increase in R&D expenditure
Decline in capital expenditure, increase in R&D expenditure Capital expenditure1 Research and development expenditure in € million in € million +7% –15% 91 97 41 35 Capital Capitalisation 1.5% expenditure 1.3% 32% 34% ratio ratio H1 2025 H1 2026 H1 2025 H1 2026 Capital expenditure includes a partial
Slide 28: Free cash flow lower than previous year as a result of acquisitions
Free cash flow lower than previous year as a result of acquisitions Cash flow from operating activities Cash flow from investing activities Free cash flow in € million in € million in € million €–46 €–110 €–156 million million million 131 H1 2025 H1 2026 57 85 -74 H1 2025 H1 2026 H1 2025 H1 2026 -18
Slide 29: Decline in ROCE, increase in working capital
Decline in ROCE, increase in working capital Average capital employed Group working capital in ITS and AWE segments in € million in € million –6% 2,518 2,374 +7% 393 EBIT in ITS and AWE segments 253 961 1,024 15.6% ROCE1 in % 10.7% H1 2025 H1 2026 31/12/2025 30/06/2026 ROCE reduced by significantly
Slide 30: Changes in number of Group employees
Changes in number of Group employees –540 –3% 21,438 20,898 in FTE1 –297 8,419 –4% 8,122 492 +243 735 +49% 12,527 12,041 –486 –4% 31/12/2025 Abroad Business Excellence Centres Germany 30/06/2026 Main drivers: Departure of around 600 employees in connection with the deconsolidation of the Russian sub
Slide 31: Outlook
JUNGHEINRICH
Slide 32: Continued challenging market environment
Continued challenging market environment Risks Opportunities Weak European economic Innovations and environment disruptive technologies Geopolitical conflicts Global expansion in particular trade tariffs, opportunities GDP1 in % 2025 2026 forecast Iran war and Russia-Ukraine war World 3.5 3.0 Intact
Slide 33: New segment structure improves control and transparency
New segment structure improves control and transparency Separate segments as a basis for From financial year 2026: growth and profitability Intralogistics becomes ITS and AWE Own P&L and management Industrial Trucks & Services Automation & Warehouse organisation strengthen (ITS) Equipment (AWE) acco
Slide 34: Group forecast for 2026 adjusted
Group forecast for 2026 adjusted Adjusted Previous 2026 Updated Actual 2025 20251 forecast 2026 forecast2 Effects included Incoming orders in € billion 5.4 5.2 5.4 – 6.0 5.5 – 6.1 1 1 Incoming orders and revenue each Revenue in € billion 5.5 5.4 5.2 – 5.8 5.3 – 5.9 adjusted by around €150 million fo
Slide 35: 2026 segment forecast: ITS updated, AWE unchanged
2026 segment forecast: ITS updated, AWE unchanged Adjusted Previous 2026 Updated Industrial Trucks & Services Actual 2025 20251 forecast 2026 forecast3 2026 forecast updated: ITS Incoming orders in € billion 4.5 4.4 4.4 – 4.8 4.5 – 4.9 Lost incoming orders and revenue from Russia offset (2025 contri
Slide 36: Additional information
JUNGHEINRICH Additional information
Slide 37: Group key figures H1 2026
Group key figures H1 2026 H1 2025 H1 2026 Change % Incoming orders in € million 2,743 2,954 7.7 Revenue in € million 2,656 2,669 0.5 EBIT in € million 210.5 144.9 –31.2 excluding one-off effects 178.7 EBIT ROS in % 7.9 5.4 – excluding one-off effects 6.7 EBT in € million 195.8 132.2 –32.5 excluding
Slide 38: Group: Incoming orders and revenue
Group: Incoming orders and revenue Incoming orders Revenue in € million in € million +8%3 +1%3 2,9542 2,7431 2,6561 2,6692 H1 2025 H1 2026 H1 2025 H1 2026 Incoming orders up significantly due to intensive sales activities in Significant revenue growth in AWE segment offsets decline in the ITS and AW
Slide 39: Group: Earnings indicators far below previous year
Group: Earnings indicators far below previous year EBIT EBT Profit or loss Earnings per preferred share in € million in € million in € million in € –15% –15% –31% 195.81 –33% 210.51 –47% –47% 178.72 166.02 33.8 6.7% 33.8 6.2% 139.0 1.37 73.2 0.73 144.9 132.22 EBIT EBT 7.9% ROS 5.4% 7.4% ROS 5.0% H1
Slide 40: Industrial Trucks & Services segment (ITS)
Industrial Trucks & Services segment (ITS) Incoming orders Revenue EBIT in € million in € million in € million +5%5 –2%5 –18% –35% 2,3051 2,4172 2,2851 2,2412 204.23 168.24 34.7 7.5% 133.5 8.9% EBIT ROS 6.0% H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 One-off effects of €34.7 million included (s
Slide 41: Automation & Warehouse Equipment (AWE) segment
Automation & Warehouse Equipment (AWE) segment Incoming orders Revenue EBIT in € million in € million in € million +23% +13% +–0% +12% 588 H1 2025 H1 2026 480 471 417 EBIT -1.8% ROS –1.4% –6.7 0.9 –1.6% H1 2025 H1 2026 H1 2025 H1 2026 -7.6 –7.6 Increases in both business fields Revenue growth partic
Slide 42: One-off effects in Q2 2026
One-off effects in Q2 2026 2.6 4.5 95.5 88.4 6.3% 6.8% EBIT ROS EBIT ROS EBIT Q2 2026 Strike at Transformation EBIT Q2 2026 Lüneburg plant programme excluding one-off effects1 Expenses for the Consequential effect transformation programme, on earnings of strike that which was approved in July ended
Slide 43: One-off effects in H1 2026
One-off effects in H1 2026 7.4 5.9 178.7 177.7 20.5 -1.0 144.9 5.4% 6.7% 6.7% EBIT ROS EBIT ROS EBIT ROS EBIT H1 2026 Sale of Russian Strike at Transformation EBIT H1 2026 EBIT H1 2026 Operating EBIT subsidiary Lüneburg plant programme excluding one-off effects1 excluding Russia business2 Expenses f
Slide 44: 2026 forecast for Group and ITS adjusted, for AWE maintained
2026 forecast for Group and ITS adjusted, for AWE maintained9 Industrial Trucks & Automation & Group Services Warehouse Equipment Actual 2026 forecast6 Actual 2026 forecast7 Actual 2026 forecast8 20251,2,3 20251,4 20255 Incoming orders in € billion 5.4 5.5 – 6.1 4.5 4.5 – 4.9 0.9 1.0 – 1.2 Revenue i
Slide 45: Segment view – development by quarters in 2025
Segment view – development by quarters in 2025 in € million Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Group ITS AWE Group ITS AWE Group ITS AWE Group ITS AWE Group ITS AWE Orders on hand 1,521 888 633 1,510 879 631 1,483 836 647 1,329 749 580 1,329 749 580 Order intake 1,386 1,165 235 1,357 1,140 245
Slide 46: Segment view – development by quarters in 2026
Segment view – development by quarters in 2026 in € million Q1 2026 Q2 2026 Group ITS AWE Group ITS AWE Orders on hand 1,590 939 651 1,629 928 701 Order intake 1,535 1,275 277 1,419 1,142 311 Revenue 1,272 1,079 205 1,397 1,162 266 EBIT 56.5 51.6 -4.5 88.4 81.9 -2.2 EBIT ROS 4.4% 4.8% -2.2% 6.3% 7.0
Slide 47: One-off effects & acquisition effects – 2025
One-off effects & acquisition effects – development by quarter in 2025 in € million Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Total one-off effects -163 -57 -220 One-off ITS -141 -56 -197 effects therein holding company -6 -6 AWE -22 -1 -23 Sale of Russian subsidiary -85 -24 -109 ITS -85 -24 -109 therein
Slide 48: One-off effects & acquisition effects – 2026
One-off effects & acquisition effects – development by quarter in 2026 in € million Q1 2026 Q2 2026 2026e Total one-off effects -27 -7 -40 One-off ITS -28 -7 -41 effects therein holding company -1 -1 AWE +1 +1 Sale of Russian subsidiary -21 -21 ITS -21 -21 therein holding company AWE Transformation
Slide 49: Dividend policy: Distribution ratio between 25% and 30%
Dividend policy: Distribution ratio between 25% and 30% 81 75 Total dividend 68 68 in € million 28 Reliable distribution ratio 26% 25% 25% 28% 28% 2021 2022 2023 2024 2025 Dividend per preferred share 0.68 0.68 0.75 0.80 0.29 in € 49
Slide 50: Quarterly figures at a glance
Quarterly figures at a glance Q3 24 Q4 24 Q1 25 Q2 25 Q3 245 Q4 25 Q1 26 Q2 26 1,535 1,419 1,380 1,386 1,357 1,334 1,310 Incoming orders 1,266 in € million 1,469 1,494 1,397 1,351 1,352 Revenue 1,301 1,305 in € million 1,272 106 114 105 106 88 68 57 EBIT -50 in € million 50
Slide 51: Jungheinrich key figures 2021–2025 (I)
Jungheinrich key figures 2021–2025 (I) in € million 2021 2022 2023 2024 2025 Incoming orders 4,868 4,791 5,238 5,311 5,387 Group revenue 4,240 4,763 5,546 5,392 5,502 thereof Germany 1,014 1,106 1,205 1,168 1,119 thereof abroad 3,226 3,657 4,341 4,224 4,383 EBIT 360 386 430 434 228 EBIT ROS 8.5% 8.1
Slide 52: Jungheinrich key figures 2021–2025 (II)
Jungheinrich key figures 2021–2025 (II) in € million 2021 2022 2023 2024 2025 Equity ratio (Intralogistics) 48% 50% 47% 52% 51% Equity ratio (Group) 31% 33% 32% 34% 33% Net credit (–) / net debt (+)1 −222 75 262 −22 −160 Tax ratio 23% 22% 25% 28% 47% Profit or loss 267 270 299 289 104 Employees (FTE
Slide 53: Jungheinrich share: Key figures and analyst coverage
Jungheinrich share: Key figures and analyst coverage Share structure Analyst coverage1 Ordinary shares Hold 3 48 Total: 54 102 million shares Preferred shares 12 Buy Key figures for the share 2020 2021 2022 2023 2024 Earnings per preferred share €1.49 €2.62 €2.65 €2.94 €2.84 Dividend per preferred s
Slide 54: Long-term performance of the Jungheinrich share
Long-term performance of the Jungheinrich share 2021 2022 2023 2024 2025 Dividend yield preferred share in % 1.5 2.6 2.3 3.1 0.8 Market capitalisation in € million 4,578 2,711 3,388 2,617 3,613 Share price performance in % 23 −41 25 −23 38 Investment period 10 years 5 years 3 years Investment date 0
Slide 55: Sustainability efforts paying out in Ratings
Sustainability efforts paying out in Ratings Rating Agency Current rating Previous rating Platinum Platinum (Top 1% of assessed companies) (Top 1% of assessed companies) Climate change: A Climate change: B (nine-step scale from A to F) (nine-step scale from A to F) B- (Prime) B- (Prime) (twelve-step
Slide 56: Board of Management team
Board of Management team Dr Lars Brzoska Nadine Despineux Chairman of the Board of Management, Member of the Board of Management, Sales Corporate & Finance Dr Tobias Harzer Maik Manthey Member of the Board of Management, Member of the Board of Management, Technics 56 Automation & Warehouse Equipment
Slide 57: Remuneration system
Remuneration system Basic Short-term Long-term remuneration variable remuneration variable remuneration Fixed ~40 to 50%, Target bonus Virtual performance share plan non-performance-related (~15 to 25%) (~20 to 30%) 60% Return on capital employed (ROCE) 45% Group EBT return on sales remuneration pai
Slide 58: Disclaimer
Disclaimer The explanations in this presentation are uncertainties or unknown factors apply or the partially forward-looking statements that are assumptions on which these statements are based on the company management’s based prove false, actual results may deviate current expectations, assumptions
Slide 59: 2026 financial calendar and IR contact
2026 financial calendar and IR contact Financial calendar IR contact Date Event Andrea Bleesen Head of Corporate Investor Relations 27/03/2026 Balance sheet press conference (virtual) Jungheinrich Aktiengesellschaft 27/03/2026 Analyst conference (virtual) Friedrich-Ebert-Damm 129 22047 Hamburg, Germ