TKH Group N.V. Cert · EURONEXT:TWEKA
TKH Group N.V. Cert — TKH Group — Investor Presentation (September 2026)
79 slides from TKH Group N.V. Cert's investor presentation, September 2026
Slide 1: General Investor Presentation September 2026
General Investor Presentation September 2026
Slide 2: Important information – disclaimer
Important information – disclaimer Cautionary note regarding forward looking statements Statements included in this presentation that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic perfor
Slide 3: We create next generation technologies
“We create next generation technologies that make the world more efficient and more sustainable” TKH Group NV General Investor Presentation 3
Slide 4: Included
Included Highlights Capital Allocation Automation | Vision Technologies Automation | Automated Machinery Electrification Financial Performance – H1 2026 & Q2 2026 Outlook TKH Group NV General Investor Presentation September 2026 4
Slide 5: Highlights
Highlights TKH Group NV General Investor Presentation 5
Slide 6: Investment highlights
Investment highlights 1 2 3 TKH’s future is Automation Electrification Separation of Electrification activities on track • Global market leader in vision and automated • Established player with scaled European platform • Dual track process machinery • Specialised market positions with leading • Sepa
Slide 7: TKH at a glance
TKH at a glance Innovative technologies that make the world more efficient and more sustainable Headcount Turnover Customer and technology focused ESG 6,600 FTEs H1 2026 €955.9 m >1,400 patents 75% of which 750 in R&D and software (FY2025: €1,761m) of turnover linked to SDGs development The Netherla
Slide 8: Built on innovation, accelerated by AI
Built on innovation, accelerated by AI Innovations as % of turnover Cleans voice from noise 25% Algorithm for voice signals HUNDREDS 20% • Efficient network algorithms for adaptive 16.1% 15% artificial intelligence 10% 5% • Ensuring that the voice signal in intercom 0% systems is perfectly cleaned o
Slide 9: Transitioning to high growth markets Automation & Electrification
Transitioning to high growth markets Automation & Electrification Investments into capacity Today we are expansions a successful in Electrification business Divested ~€460m positioned for >€200 million Acquired turnover in Connectivity and capex to triple growth, capacity in Growing ~€130m Manufactu
Slide 10: Separation Electrification activities on track
Separation Electrification activities on track Automation Electrification • Asset light, technology driven • Capital intensive, capacity driven • Multiple end-markets • Offshore market dynamics • Global • Regional • Scalability • Investments for future scaling • Strong organic value creation potenti
Slide 11: TKH Automation
TKH Automation Machine Vision • Top 5 global player in Machine Vision 2D 3D 45.5% • Global market leader in 3D Machine Vision • Wide product offering of 2D, 3D Vision, hardware and software H1 2026 • Solutions based approach, broad technology base with many Turnover Strong Market Market leader in un
Slide 12: TKH Electrification
TKH Electrification Offshore 15% Energy HV>66kV- <132kV • Leading player in Europe • Innovative dry cable design with ease of installation at lower #1 Market position based on LTM cost than traditional semi-wet array cables 2024-26 tenders participated1 H1 2026 • Production site strategically in clo
Slide 13: Changes to segmentation
Changes to segmentation Previous Segmentation New Segmentation Longer term Vision Technologies 29% Vision Technologies 29% Machine & Security Vision • Machine & Security Vision Smart Vision TKH systems Automation Other Smart Vision 1% Automated Machinery 27% Automation • Incl Tire Building systems S
Slide 14: Electrification: Medium term guidance
Electrification: Medium term guidance ELECTRIFICATION: Medium term guidance • Medium term guidance provided > 9% organic Revenue guidance updated on back of guidance for Electrification on a turnover growth robust order backlog and stronger demand standalone basis. Referencing turnover in MV & HV ca
Slide 15: Our sustainable value chain
Our sustainable value chain Our Focus on SDGs How we do it How we are rated 75% of turnover linked to SDGs non-financial KPIs H1 2026 rating agencies CO2e Footprint reduction LTFR Satisfaction score (scopes 1&2) Target < 0.7 Customers Electrification Compared to 2019 Target Average score above Energ
Slide 16: Capital allocation
Capital allocation TKH Group NV General Investor Presentation September 2026 16
Slide 17: Execution
Execution 1 2 3 4 Execute on separation Execute on portfolio Focus on cash flow Disciplined capital of electrification optimization generation allocation Substantial steps A further €250m in Disciplined capex Clear priorities expected in 12 to 18 turnover of non-core spend months activities to be di
Slide 18: Execution: Portfolio Optimization
2 Execution: Portfolio Optimization 2019 2020 2021 2022 2023 2024 2025 2026 Acquisitions into higher margin Acquisitions and automation support Approx. €250m operations to drive the in turnover value add of non-core activities to be divested, Approx. €470m including Digitalization Divestments in tur
Slide 19: Execution: Disciplined Capex Spend
3 Execution: Disciplined Capex Spend Disciplined Capex Following €200m strategic capex spend, no large capex programs Capex spend only on core activities – no disruptive innovations R&D Capex (mainly Automation) PP&E Capex (mainly Electrification) 1.7 1.7 1.4 1.4 1.2 1.3 1.4 1.4 1.3 1.6 1.1 1.0 1.1
Slide 20: Execution: Disciplined Capital Allocation
4 Execution: Disciplined Capital Allocation 1 Capex 2 Bolt on acquisitions In million € Strategic Investments 150 200 No large capex 100 Bolt-on programs acquisitions 150 50 Capex to be to 0 100 reduced to strengthen amortization -50 Automation 50 portfolio & depreciation -100 0 levels -150 2018 201
Slide 21: Automation
fe) | i] ~ Automat
Slide 22: Addressing the strategic shifts
Addressing the strategic shifts NSITION 30% TER IAL ST RA 59% A Rise in global materials demand by 2050, By 2050, the share of people of M driven by new materials development, working age in developed economies material substitution (net-zero emissions will fall to 59% from 67% today 2 LA BO goals)
Slide 23: Automation Financial Performance H1 2026
Automation Financial 9% 45% 16% 29% Performance H1 2026 Turnover 55% H1 2026 Turnover Turnover automation (in million €) 42% NL Europe Automated Machinery Asia North Anerica 1,200 Vision Technology RoW 1,100 6.2% Q2 2026 Turnover Vision Technologies average annual organic turnover Q2 2026 Turnover +
Slide 24: Moving towards autonomous production beyond human limitations
Moving towards autonomous production beyond human limitations TKH has the building blocks in place to build one-ecosystem to meet the challenges of autonomous production Yesterday Today Tomorrow Manual labor Semi-automated Fully autonomous Eyes-Off Vision systems systems operations Breadth of machin
Slide 25: Automation well positioned for the future
Automation well positioned for the future Vision Technologies Automated Machinery Machine Vision Security Vision • Top 5 player globally • Wide product offering • The leading global player in tire building • Leading global player in 3D • Differentiated technologies machines • Differentiated technolo
Slide 26: Targets 2028
Targets 2028 Vision Technology > 5 - 7% organic turnover growth (CAGR) Automation Automated Machinery 5 - 7% organic EBITA margin ROCE turnover 17 - 19% 25 - 30% < 5 - 7% organic turnover growth (CAGR) growth (CAGR) Segments and target ratios are excluding the unallocated support and head office cos
Slide 27: Vision Technologies
Vision Technologies
Slide 28: Vision Technologies H1 2026 performance
Vision Technologies H1 2026 performance Highlights H1 2026 Security Vision Key figures Growth driven by the delivery of several larger projects In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % • Including parking-related projects in the US and other regions Turnover 270.0 2
Slide 29: Vision Technologies: market position & end markets
Vision Technologies Technologies, market position & end markets Main take-aways 2D Vision 3D Vision Broad technology Strong market share in Top 5 global player base with many unique many key segments with in Machine Vision; 3D capabilities. Mid to upper tier high customer intimacy Machine Vision glo
Slide 30: Vision Technologies: Broad technology base
Vision Technologies: Broad technology base What does Machine Vision achieve? Present in all major Production / R&D locations geographical markets Service & Sales Hubs Allowing complex tasks to be performed Excluding external Automation autonomously by robots, machines or vehicles sales partners Auto
Slide 31: Capturing market growth
Capturing market growth Market Growth forecast Organizational consolidation Unified Software Ecosystem 5.6% Combined sales approach CAGR Commercial Combined sales offices Reduced company brands AI Algorithms Human Machine Interface €5.9 Combined production sites €4.9 bn Industrial €4.6 Operational J
Slide 32: Growing addressable market
Growing addressable market Solutions approach New segment: smart cameras New end markets Yesterday: Trains AI algorithms Security & Defense Manual Available as an open platform for OEM Cannot function individually or custom development, or fast Requires other components Vision deployment with GoPxL
Slide 33: Security Vision
Security Vision Existing Business Diversity: managing and controlling the urban infrastructure Product offering Market growth forecast Growth drivers Wide product offering of security and • Rising security awareness Total Addressable Market surveillance systems, intelligent traffic systems, and park
Slide 34: Automated Machinery
Automated Machinery Tire Building TKH Group NV 34
Slide 35: Automated Machinery H1 2026 performance
Automated Machinery H1 2026 performance Highlights H1 2026 • As anticipated, Automated Machinery’s performance in H1 2026 was Key figures affected by lower order intake in Tire Building systems in previous quarters In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Turnover 2
Slide 36: Automated Machinery Tire Building Systems
Automated Machinery Main take-aways Technologies, market position & end market The leading global player in Strong innovation track Focus on increasing tire building machines, +/- record with developments Assembly Machines autonomous production 70% share of outsourced for new applications “hands off
Slide 37: Tire Building systems
Tire Building systems Building a vulcanized tire: from tire component machines to assembly Tire components Tire component prep machines Tire building machines: assembly Non-TKH produced 3. Cap Strip 4. Tread 5. Tread base 6. Wingtips MAXX MILEXX 7 . Bead Tire building systems 9. Innerliner 10. Rim c
Slide 38: Consistent outperformance of the tire market
Consistent outperformance of the tire market Drivers of outperformance Current market outsourced tire building machines Annual 2025 Passenger Tires turnover Truck Tires order intake 2000 – 2025 Services CAGR 9.5% Introduction MAXX Outsourcing Tiers 1s 10% 12% 15% Outsourcing Tiers 2s Capex Tier 1 to
Slide 39: Drivers for Tire Building Machine demand growth
Drivers for Tire Building Machine demand growth Tire market Ultra high performance tires Growth in outsourcing Addressable market ~1.5% 8.5% €0.9 - €1.1bn CAGR CAGR Tier 3 €0.6 - €0.85bn 100% 63% Tier 3 Tier 2 76% 75% 75% 50% Tier 2 37% 24% Tier 1 Tier 1 2024a 2030e 2024 2030 Tier 1 Tier 2 Tier 3 To
Slide 40: Drivers for Tire Building Machine demand growth
Drivers for Tire Building Machine demand growth Increased complexity Technological developments Services Current estimated Rim size up >18” Sustainable materials Increasing Revenue per TBM sold Enhance service & product portfolio Extending our Service & Sales hubs TKH installed 30-35% base of total
Slide 41: Innovations: UNIXX revolutionize TBM
Innovations: UNIXX revolutionize TBM UNIXX Technology highly automated, meeting demand for complexity Addressable market growth UNIXX’ strip winding Very high level of automation UNIXX Technology adapted UNIXX technology allows for assembly Highly flexible platform and component production in one Sh
Slide 42: Electrification
Electrification General Investor Presentation
Slide 43: Entering the next phase of electrification demand
Entering the next phase of electrification demand Key Electrification demand drivers Share of Electricity as an energy carrier in the total final energy consumption (EMEA) Structural growth in electricity consumption 56% European autonomy and resilience Grid expansion & replacement 22% Carbon neutra
Slide 44: TKH Electrification – at a glance
TKH Electrification – at a glance North America1 RoW 1 Specialty cables1 Asia1 1% 2% 15% Offshore Energy and Onshore Energy footprint 8% Onshore Energy¹ NL1 Distribution countries Europe1 59% 56% Established player with a 30% Offshore Energy¹ scaled European platform Production facilities 29% €474mm
Slide 45: Connectivity solutions across the electricity transmission value chain
TKH Electrification’s connectivity solutions play across the electricity transmission value chain Power generation Power transmission Power distribution Power utilization Building & Energy Substation Grid Infrastructure grid cables connection TKH Electrification focus Inter-array Offshore cable >66k
Slide 46: Differentiated solution suite
Rising electrification demand is addressed by a differentiated solution suite HV cables MV and LV cables Specialty cables2 Offshore Energy Onshore Energy Specialty HV >66kV – 132kV HV >50kV – <220kV MV / LV >1kV – <50kV LV <1kV ◼ Innovative, sustainable and ◼ Tailored technical specifications to ◼ H
Slide 47: Rich legacy of nearly 100 years of electrification excellence
Rich legacy of nearly 100 years of electrification excellence TKH Electrification transformed from a local cables business into a focused European electrification player TKF listed on the Amsterdam Twentsche Kabel Holding Divestments mainly comprised of Stock Exchange becomes TKH Group: an commodity
Slide 48: Leading player in well-secured targeted markets
Leading player in well-secured targeted markets – well-invested asset base driving profitable growth 1 Critical energy transition enabler directly exposed to structurally growing end markets 2 Differentiated and leading player in Western Europe in the mission-critical power cables market 3 Customer-
Slide 49: Long term grid investment needs translate to strong MV cable growth
1 Long term grid investment needs in NL translate to strong growth in MV cable demand Onshore Energy cables Significant investment in grid High ‘congestion’ in NL grid Steady growth, in line with construction infrastructure, including MV cables Announced CAPEX investments in Onshore Cable spend as %
Slide 50: Increasing European TSO investment fuels Onshore Energy HV cable growth
1 Increasing European TSO investment fuels Onshore Energy HV cable growth Significant investment plans in Dutch electrical infrastructure Additional growth in broader European market TSO announced CAPEX investments in onshore NL electrical infrastructure Annual grid investments in selected European
Slide 51: Multiple drivers supporting demand for European offshore wind
1 Multiple drivers supporting demand for European offshore wind energy Offshore wind to be a higher share of energy mix Translating into demand for inter-array cables Offshore Wind Energy forecast - New Build1 New build array cable demand2 (2025-40, GW, EMEA) (2025-40, K km, EMEA) Decreasing cable n
Slide 52: Leading player in well-secured targeted markets
2 Leading player in well-secured targeted markets Offshore Energy Onshore Energy Specialty Share of #1 ~30-35% #1 supply in Market position based on tenders won in which segment Share of supply in Dutch MV cables (2025) For customized customers6 participated from 2024-261 ◼ European majors2 structur
Slide 53: Deep customer relationships and high satisfaction
3 Recognized reliability have led to deep customer relationships and high satisfaction HIGHLY TRUSTED BRAND CUSTOMER-CENTRIC ORGANIZATION WITH A DIVERSIFIED CUSTOMER BASE 14 Avg. NPS1 Illustrative customer overview “ Good business relationship with a long history is important, we have been working w
Slide 54: Unique dry cable design expertise
3 Unique dry cable design expertise supports scalable growth opportunities WELL-POSITIONED TO TRANSITION TO 132KV AND UNIQUE CABLE DESIGN FLOATING WIND Offshore Energy No use ▪ Sustainable design and environmentally friendly of lead or ▪ Significantly reduced risk of chemicals contamination bitumen
Slide 55: TKH Electrification is focused on continuous innovation
3 TKH Electrification is focused on continuous innovation FAST INNOVATION AND COMMERCIALIZATION FURTHER R&D PROJECTS IN THE MAKING Sales p.a. from innovations1 13% High Voltage portfolio expansion Plug-Grid Further innovations >150kV Avg. 2023 - H1-26 ▪ High voltage portfolio expansion ▪ Increase sp
Slide 56: Well-invested asset base with agile production set up
4 Well-invested asset base with an agile production set up – driving future growth Primary Secondary Strategically located production facilities Equipped to meet current demand with potential for expansion Offshore Energy and Onshore Energy footprint Lochem Eemshaven Haaksbergen Distribution countri
Slide 57: Eemshaven – Strategic location with state-of-the-art capabilities
4 Eemshaven – Strategic location with state-of-the-art capabilities KEY FACTS driving Offshore Energy growth Invested >€150mm in Eemshaven manufacturing facility as part of Strategic Investment Program ◼ Inter-array offshore cable, with HV and MV capabilities ◼ Strategically located heavy loading qu
Slide 58: Strong growth momentum with clear further potential
5 Strong growth momentum with clear further potential REVENUES Adjusted EBITDA2 CAPITAL EXPENDITURES Strong revenue momentum Profitability inflection point PP&E capex profile normalizing Growth period-on-period (%) Adjusted EBITDA (%) Strategic capex program to total capex (%) n.a. (4.9)% 24.0% 35.5
Slide 59: Customer relationships supporting a substantial pipeline
5 Customer relationships supporting a substantial pipeline Growth and margin outlook supported by framework …and orderbook agreements… 1,600ongoing Several discussions for Framework agreement2 Offshore Other 1,400 extension 73 2023 – 2027 TKH Electrification Offshore 474 Energy customers for near-te
Slide 60: Attractive profitability supported by differentiated market position
5 Attractive profitability supported by differentiated market position Strong margin profile vs. listed cable manufacturers… … with further upside Reported 2025 EBITDA margin (%) for peers and Adjusted1 EBITDA margin (%) for TKH Electrification TKH Electrification Offshore ramp-up expected to medium
Slide 61: Why TKH Electrification is well positioned for the future
6 Why TKH Electrification is well positioned for the future OFFSHORE ENERGY ONSHORE ENERGY SPECIALTY ◼ Leading player in Europe ◼ Leading player in NL with EU expansion ◼ Market specialisation plans ◼ Substantial orderbook ◼ Design and technical know-how ◼ Framework agreements ◼ Differentiated techn
Slide 62: Full potential to be unlocked
Full potential to be unlocked MARKET CURRENT GROWTH INITIATIVES FURTHER GROWTH LEVERS 1 6 INNOVATIONS: PLUG-GRID1 & DEVELOP 132KV CABLE INTER-ARRAY MONITORING CABLES SYSTEMS FURTHER MV & CAPITALIZE ON TREND TO & HV CAPACITY FLOATING WIND MARKET INCREASED PENETRATION EXPANSIONS EFFICIENCY OF >150KV L
Slide 63: Financial Performance H1 2026
Financial Performance H1 2026
Slide 64: Q2 2026 Key Figures
Q2 2026 Key Figures €507.6 €67.3 13.3% • Automation’s Adjusted EBITA showed a marked organic growth compared to Q2 2025, Turnover Adjusted EBITA ROS as well as sequential quarterly growth compared to Q1 2026 +18.0% +67.5% Q2 2025: 9.2% • Electrification’s Adjusted EBITDA showed a very sharp organic
Slide 65: H1 2026 Performance
H1 2026 Performance Turnover Added Value Adjusted EBITA* ROS +14.0% +43.5% €955.9 50.7% 50.2% €113.7 11.9% €858.1 9.3% €80.2 H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 • One-off net expenses in H1 2026 amounted to €4.5 million (H1 2025: €16.3 million) All growth rates are organi
Slide 66: H1 2026 Performance
H1 2026 Performance 15.8% €1,031.2m €502.4m ROCE Orderbook Net debt H1 2025: 13.4% Dec 2025: €1,027.8m Dec 2025: €461.4 16.1% 75% Innovation rate Obtained Turnover linked to by VMI H1 2025: 16.4% SDGs H1 2025: 67% TKH Group NV General Investor Presentation September 2026 66
Slide 67: Vision Technologies H1 2026 performance
Vision Technologies H1 2026 performance Highlights H1 2026 Security Vision Key figures Growth driven by the delivery of several larger projects In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % • Including parking-related projects in the US and other regions Turnover 270.0 2
Slide 68: Automated Machinery H1 2026 performance
Automated Machinery H1 2026 performance Highlights H1 2026 • As anticipated, Automated Machinery’s performance in H1 2026 was Key figures affected by lower order intake in Tire Building systems in previous quarters In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Turnover 2
Slide 69: Electrification H1 2026 performance
Electrification H1 2026 performance Highlights H1 2026 Key figures • In Q2 2026, turnover up by 36.9% vs Q2 2025 and 19.2% vs Q1 2026 In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % • LTM H1 2026 Adjusted EBITDA to €73.8 million Turnover 328.2 246.3 33.3% 33.3% Offshore En
Slide 70: Other H1 2026 performance
Other H1 2026 performance Highlights H1 2026 Divestments reduced turnover by 11.9%, related to Dewetron in H2 2025 and Alphatronics in H1 2026 Key figures In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Digitalization (75% of segment turnover) Turnover 144.9 140.2 3.4% 15.
Slide 71: Geographical distribution of turnover
Geographical distribution of turnover H1 H1 NETHER- LANDS 2026 2025 Netherlands 26.0% 23.3% NORTH AMERICA Europe (other) 33.7% 33.6% EUROPE (OTHER) Asia 26.2% 24.1% ASIA North America 8.8% 16.6% Other 5.3% 2.4% Vision Technologies Automated Machinery OTHER Electrification Other TKH Group NV General
Slide 72: Profit and Loss account
Profit and Loss account € million H1 2026 H1 2025 Δ in % 1 € million Turnover 1 Turnover 955.9 858.1 11.4% H1 2025 858.1 Raw materials and Acquisitions & divestments - 16.6 - 1.9% -475.8 -423.3 subcontracted work Currency translation - 5.4 - 0.6% 2 Added value 1) 480.1 50.2% 434.8 50.7% 10.4% Organi
Slide 73: Profit and Loss account
Profit and Loss account € million H1 2026 H1 2025 Δ in % 5 One-off expenses related to Turnover 955.9 858.1 11.4% • acquisitions and divestments, including carve-out of Electrification Raw materials and -475.8 -423.3 • 2025: one-off transportation costs due to delayed ramp-up of subcontracted work E
Slide 74: Balance sheet
Balance sheet 1 Changes in working capital (in € million) (in € million) 360 (in € million) June 30, 2026 Dec. 31, 2025 2.9 44.1 0.8 Intangible assets and goodwill 594.1 597.7 341.0 340 -2.6 -2.9 -0.9 Property, plant and equipment 502.6 501.1 Right-of-use assets 82.8 77.8 Other non-current assets 45
Slide 75: Changes to Net Debt
Changes to Net Debt (in € million) Net debt / EBITDA • June 30, 2026: 1.8 • December 31, 2025: 1.9 • June 30, 2025: 2.6 TKH Group NV General Investor Presentation September 2026 75
Slide 76: Free cash flow
Free cash flow (in million € H1 H2 H1 1 FCF conversion is affected by developments in working capital. unless stated otherwise) 2026 2025 2025 2025 2024 Working capital ratio for the period-end included in the overview Operating result 75.8 73.7 29.3 103.0 130.6 are: Depreciation, amortization and •
Slide 77: Outlook
TKH Group NV SMART TECHNOLOGIES < 77
Slide 78: Outlook 2026
Outlook 2026 TKH reiterates its outlook communicated at the publication of its Q1 2026 results. Barring unforeseen circumstances, TKH expects organic growth in both turnover and Adjusted EBITA in 2026. TKH Group NV General Investor Presentation September 2026 78
Slide 79: Thank you
Ta SMART TECHNOLOGIES <