Slide 1: Full Year 2025 Earnings Presentation
Full Year 2025 Earnings Presentation Peter Mainz | Chief Executive Officer Davinder Athwal | Chief Financial Officer May 7, 2026
Slide 2: Disclaimer
Disclaimer Forward-looking Information This presentation includes forward-looking information and statements, including statements concerning the outlook for Landis+Gyr Group AG and its affiliates, together referred to as Landis+Gyr Group, and hereinafter as “Landis+Gyr”. These statements are based
Slide 3: Delivered on our Commitments in FY25
Delivered on our Commitments in FY25 Heightened execution focus Book-to-Bill Total Backlog Divestiture of the EMEA business, repositioning Landis+Gyr as a more 0.95x $3.9b focused, higher-margin business. Order Intake: $1.1b Software: ~43% Revenue growth and margin expansion driven by Revelo momentu
Slide 4: Order Intake and Backlog
Order Intake and Backlog New order intake continues to support backlog stability In USD millions $1’107 ($841) $3,933 ($325) $3,893 APAC $19 APAC Americas Americas FY24 Backlog Order Intake Revenue Book-and-Ship Other (FX, etc.) FY25 Backlog Conversion ▪ ~43% of ending backlog is software and softwa
Slide 5: FY25 Results: Consolidated
FY25 Results: Consolidated Return to growth with expanding margins in the second half Revenue Adj Gross Margin Adj EBITDA Margin $1,166.2m 34.7% 14.4% +4.2% Y/Y +60bps Y/Y +90bps Y/Y FY24: $1,119.7m FY24: 34.1% FY24: 13.5% ▪ Material profitability expansion, with FY Adjusted EBITDA margin up year-ov
Slide 6: 4Q25 Results: Consolidated
4Q25 Results: Consolidated Strong exit to FY25 with record revenue Order Entry Revenue Adj Gross Margin $346.3m $352.4m 36.7% Book-to-Bill: 1.0x +24.8% Y/Y +460 bps Y/Y 4Q24: $1,141.4m 4Q24: 282.3m 4Q24: 32.1% ▪ New orders kept pace with revenue, showing sustained demand alongside significant year-o
Slide 7: FY25 Results: Americas
FY25 Results: Americas Growth led by growing adoption of Revelo platform Revenue Adj Gross Margin Adj EBITDA Margin $1,040.1m 34.1% 18.8% +7.8% Y/Y +80bps Y/Y +260bps Y/Y FY24: $964.6m FY24: 33.3% FY24: 16.2% ▪ Revenue and margin expansion driven by adoption of the Revelo platform. 7 | © Landis+Gyr
Slide 8: 4Q25 Results: Americas
4Q25 Results: Americas Order Entry Revenue Adj Gross Margin $324.2m $322.8m 37.0% Book-to-Bill: 1.0x +31.6% Y/Y +660bps Y/Y 4Q24: $1b 4Q24: $245.3m 4Q24: 30.4% ▪ Revenue growth driven primarily by adoption of Revelo and mix shift towards software and software-enabled services. 8 | © Landis+Gyr 2026
Slide 9: FY25 Results: APAC
FY25 Results: APAC Results impacted by conclusion of large-scale project Revenue Adj Gross Margin Adj EBITDA Margin $126.0m 33.7% 17.6% -18.8% Y/Y -690bps -1080bps FY24: $155.1m FY24: 40.6% FY24: 28.4% ▪ FY24 Gross Margin and Adjusted EBITDA reflect a non-recurring gain on sale of real estate; on a
Slide 10: Net Debt and Leverage
Net Debt and Leverage Cash generation funded shareholder returns while leverage declined USD in millions Net debt and leverage, March 31, 2025 $182.9 1.1x Operating cash flow (98.3) Capex 38.7 Returned to shareholders 69.8 Dividend $41.2 + Shares Repurchased $28.6 Other changes, net 5.8 Net debt and
Slide 11: Guidance FY26
Guidance FY26 ▪ A category-defining contract for Revelo completes field deployment in FY26, then drives mix shift to higher-margin software/services revenue. ▪ A $0.7B FY24 award begins deployment phase in 2H26, ramping through 4Q26. ▪ Timing between these deployments results in an expected revenue
Slide 12: Expectations for FY27 & FY28
Expectations for FY27 & FY28 Record FY25 backlog drives re-acceleration in revenue growth beginning of FY27 ▪ $0.7B contract in existing backlog is fully ramped and runs through FY28, contributing ~5% growth per annum. ▪ 4Q25 order intake converts to revenue over a multi-year period, contributing ~3
Slide 13: Capital Markets Day 2026
Capital Markets Day 2026 When Where: June 1, 2026 Nasdaq MarketSite in 9 am -12:30 pm EDT New York City ▪ Strategy and market update ▪ Technology roadmap and role in grid-edge intelligence ▪ Capital allocation, financial framework and new business segments ▪ Q&A with executive management ▪ Product d
Slide 14: Q&A
Q&A Landis+Gyr
Slide 15: Dates and Contacts
Dates and Contacts Important Dates Contact Publication of Annual Report Christian Waelti May 29, 2026 2025 and Invitation to AGM 2026 Head of Investor Relations & Corporate Communications June 1, 2026 Capital Markets Day (New York) Phone +41 41 935 6331 Christian.Waelti@landisgyr.com June 26, 2026 A
Slide 16: Appendix
Appendix 16 | © Landis+Gyr 2026 | FY 2025 Results
Slide 17: Consolidated Results 4Q / FY2025
Consolidated Results 4Q / FY2025 USD in millions Change FY 2024 H1 2025 Q3 2025 Q4 2025 H2 2025 FY 2025 vs FY24 Net revenue 1’119.7 535.3 278.5 352.4 630.9 1,166.2 4.2% Change in constant currency 3.8% Adjusted Gross Profit 382.2 182.0 92.9 129.5 222.3 404.3 5.8% Adjusted Gross Profit % 34.1% 34.0%
Slide 18: Americas Segment – 4Q / FY 2025
Americas Segment – 4Q / FY 2025 Change vs USD in millions FY 2024 H1 2025 Q3 2025 Q4 2025 FY 2025 FY 2024 Order intake 1,745.6 549.5 135.5 324.2 1,009.2 (42.2)% Committed Backlog 3,761.9 3,826.4 3,729.6 3,744.6 3,744.6 (0.5)% Change in constant currency (0.9)% Net revenue 964.6 469.3 248.1 322.8 1,0
Slide 19: APAC Segment – 4Q / FY 2025
APAC Segment – 4Q / FY 2025 Change vs USD in millions FY 2024 H1 2025 Q3 2025 Q4 2025 FY 2025 FY 2024 Order intake 244.3 44.6 30.9 22.1 97.6 (60.0)% Committed Backlog 171.5 153.5 154.2 148.2 148.2 (13.6)% Change in constant currency (19.1)% Net revenue 155.1 66.1 30.4 29.5 126.0 (18.8)% Change in co