Basler Ag · XETR:BSL
Basler — 9M 2025 Earnings Presentation
27 slides from Basler's earnings presentation, Nov 6, 2025
Slide 1: 9-Months Report 2025
9-Months Report 2025 November 6th, 2025 Dietmar Ley | CEO Hardy Mehl | CCO/COO
Slide 2: Disclaimer
Disclaimer This document includes forward looking statements on Should these views or assumptions prove to be wholly or Basler AG, its subsidiaries and associates („Group“), and on partly incorrect, or should further risks arise, actual business the economic, political and/or legal conditions that m
Slide 3: Agenda
Agenda 01 Executive Summary 02 Financials 03 Share 04 Outlook 05 Q&A
Slide 4: New Management Constellation from January 2026 onwards
Executive Summary New Management Constellation from January 2026 onwards Hardy Mehl Ines Brückel Dr. Kai Jens Ströder Dr. Dietmar Ley CEO from Jan. 1st, 2026 CFO CTO CEO until Dec. 31st, 2025 – with Basler since 1999 - with Basler since 2025 – starts on Jan. 1st, 2026 – with Basler since 1993 Respon
Slide 5: Market Environment 9 Months 2025
Executive Summary Market Environment 9 Months 2025 German Industry for Vision Components: Bookings yoy -1 %, billings yoy +9 % (VDMA*) ▪ Still low demand across all verticals, despite semicon (advanced nodes, AI related), logistics/warehouse automation and consumer electronics battery. Industrial PM
Slide 6: Basler Situation 9 Months 2025
Executive Summary Basler Situation 9 Months 2025 Q3 2025 vs. Q3 2024: Bookings yoy +29 %, billings yoy +23 % ▪ Basler has clearly outperformed the market ▪ Order momentum continued in seasonal weak Q3 ▪ Strongest regions: US, China and Europe picking up since m/o year ▪ Gross profit margin improveme
Slide 7: Team
Executive Summary Team FTEs e/o Q3/2024 FTEs e/o Q3/2025 22 % 23 % Operations Operations 39 % 37 % Sales & Sales & Marketing 869 Marketing 814 14 % 16 % Administration Administration 25 % 24 % R&D R&D R&D quota from sales: 15.5 % R&D quota from sales: 12.4 % Public | © Basler AG 7
Slide 8: Progress in Full-Range Provider Strategy
Executive Summary Progress in Full-Range Provider Strategy Software Computer Vision Full-Range Provider Processing Product Portfolio Lenses Cables Factory Medical & ITS Logistics Retail Agriculture Automation Life Science Cameras Markets/Applications Public | © Basler AG 8
Slide 9: New M&A Transaction: Establish direct market access in India
Executive Summary New M&A Transaction: Establish direct market access in India China Distribution Korean Distributors Italian Distributor Alpha TechSys Automation ~20 years distribution for Basler ~20 years distribution for Basler ~20 years distribution for Basler (stake of 76%) ~120 employees ~50 e
Slide 10: Agenda
Agenda 01 Executive Summary 02 Financials 03 Share 04 Outlook 05 Q&A
Slide 11: Total Sales and Distribution by Region
Financials Total Sales and Distribution by Region Global Organization 1 Headquarters, Germany 2 U.S 3 Taiwan 1 4 Singapore 2 9 5 China 8 6 7 5 6 Korea 3 7 Japan 8 Italy 22% (PY: 16%) 4 Americas 9 France 46% Sales Offices TOTAL (PY: 48%) Asia 168.0 mill. € 32% (PY: 36%) EMEA Public | © Basler AG 11
Slide 12: Bookings and Billings
Financials Bookings and Billings Bookings +43 %, billings +29 % Q3-o-Q3 Public | © Basler AG 12
Slide 13: Gross Profit and Gross Profit-Margin
Financials Gross Profit and Gross Profit-Margin Public | © Basler AG 13
Slide 14: EBT and EBT-Margin
Financials EBT and EBT-Margin Public | © Basler AG 14
Slide 15: P&L Q3/2025 vs. Q3/2024
Financials P&L Q3/2025 vs. Q3/2024 (in mill. €*) 9M-2024 in € m* 9M-2025 (adjusted) +/- Order Entry 171.8 133.5 29% Sales 168.0 136.7 23% Gross Profit 80.4 63.5 27% Gross Profit Margin 47.8% 46.4% 1.4 Pp. EBITDA 27.2 9.0 >100% EBIT 14.8 -4.4 >100% EBT 13.4 -4.9 >100% EBT-Margin 8.0% -3.6% 11.6 Pp. N
Slide 16: Free Cashflow FCF
Financials Free Cashflow FCF OCF mill. € ICF mill. € FCF mill. €* 11.4 8.6 9.2 8.3 5.4 4.9 3.6 1.2 2.2 -1.1 -0.2 0.4 -2.2 -3.2 -2.5 -2.4 -2.6 -2.2 -2.1 -3.7 -5.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 *excluding foreign exchange effects Public | © Basler AG 16
Slide 17: Liquidity and Cashflow e/o Q3-2025 vs. Q3-2024
Financials Liquidity and Cashflow e/o Q3-2025 vs. Q3-2024 (in mill. €) Cash Flow 9M-2024 in € m 9M-2025 (adjusted) +/- Cash b/o period 21.3 32.2 -34% Cashflow from Operations 20.1 12.7 58% Cashflow from Investments -7.3 -11.2 35% Exchange rate effects cash holdings -0.5 -0.1 <100% Free Cashflow 12.4
Slide 18: Agenda
Agenda 01 Executive Summary 02 Financials 03 Share 04 Outlook 05 Q&A
Slide 19: Basler Shareholder Structure
Share Basler Shareholder Structure 5% Universal Investment 4% Norges Bank 53 % Norbert Basler Holding GmbH 3% Union Investment 4% Dr. Dietmar Ley (CEO) 2% Treasury Shares 29 % Free Float *as of 10/30/2025 Public | © Basler AG 19
Slide 20: Basler Share versus TecDax 2025
Share Basler Share versus TecDax 2025 € 17.80 closing price on Sept. 30, 2025 € 6.09 opening price on January 2, 2025 Public | © Basler AG 20
Slide 21: Agenda
Agenda 01 Executive Summary 02 Financials 03 Share 04 Outlook 05 Q&A
Slide 22: Impact of US import tariffs
Outlook Impact of US import tariffs We manage what we can influence: There are aspects we can’t control: ▪ The export volume exposure (Germany to US) ▪ Uncertainty on overall macroeconomic is appr. 30 mill. € but highly dependent on development product mix and demand ▪ FX volatility ▪ We expect to s
Slide 23: 2025 Assumptions
Outlook 2025 Assumptions In line with trade associations, we expect the market to develop sideways on an annual base. We assume for the upcoming months: ▪ industrial PMIs for capex goods to stay around 50 ▪ trade and geopolitical conflicts continue to mute the investment climate ▪ larger project opp
Slide 24: Forecast 2025
Outlook Forecast 2025 With our YTD performance, the good order momentum in the recent months and considered market assumptions, we have increased our guidance for 2025: Revenue: 220 – 225 mill. € (before: 202 - 215 mill. €) EBT-Margin: 5.5 % - 7.5 % (before: 2 % - 6 %) Public | © Basler AG 24
Slide 25: Financial Mid-term Plan
Outlook Financial Mid-term Plan ~15 % >12 % CAGR EBT Margin Assumptions: 2028 2027 ▪ Computer vision market will grow again – mid € 275 mill. 70 % to high single digit long-term CAGR expected Revenue CCR* ▪ Successful execution of Basler’s strategy to address a bigger market ▪ Market recovery begins
Slide 26: Agenda
Agenda 01 Executive Summary 02 Financials 03 Share 04 Outlook 05 Q&A
Slide 27: Questions & Answers
Questions & Answers Dr. Dietmar Ley Hardy Mehl Phone +49 4102 463 0 hardy.mehl@baslerweb.com Public | © Basler AG 27