Heidelberger Druckmaschinen Ag · XETR:HDD

Heidelberger Druckmaschinen — Q1 2027 Earnings Presentation

35 slides from Heidelberger Druckmaschinen's earnings presentation, Aug 19, 2026

  1. Slide 1: Q1 FY 2026/27 Analysts' and Investors' conference call

    DRIVING Heidelberger Druckmaschinen AG – Q1 FY 2026/27 Analysts’ and Investors’ conference call Jürgen Otto, CEO/CFO | Dr. David Schmedding, CTO/CSO | Volker Herdin, Head of Finance | August 19, 2026

  2. Slide 2: Disclaimer

    Disclaimer This release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future devel

  3. Slide 3: Agenda

    Agenda 1 HIGHLIGHTS 2 FINANCIAL REVIEW Q1 FY 2026/27 3 OUTLOOK FY 2026/27 © Heidelberger Druckmaschinen AG 3

  4. Slide 4: Basis for FY 2026/27

    Basis for FY 2026/27 Last year achievements setting the direction We achieved We achieved We achieved disciplined optimization of our successful build-up of a strategic expansion of our digital cost base while driving security & defense business, driving growth through efficiency and accelerating bu

  5. Slide 5: First quarter at a glance

    First quarter at a glance Market environment remains unchanged; challenging start to the year in line with expectations Order intake Net sales Adj. EBITDA in % Net sales € 537m € 404m 0.2 % (-4,0%) (-13,3%) (-420 bps) vs. Q1 2025/26 Key developments of the first quarter FY 2026/27 − Phase-out of inc

  6. Slide 6: Driving High Tech

    DRIVING IGH TECH ENERGY SYSTEMS PRINT & HEIDELBERG brings together expertise, products, and partners Sustainable Energy for Today and Tomorrow for a safe and sustainable future. PACKAGING AMPERFIED – Charging Infrastructure World-leading printing technology OVERLAPPING TECHNOLOGIES & EXPERTISE • Fas

  7. Slide 7: Driving High Tech

    DRIVING IGH TECH ENERGY SYSTEMS PRINT & HEIDELBERG brings together expertise, products, and partners Sustainable Energy for Today and Tomorrow for a safe and sustainable future. PACKAGING AMPERFIED – Charging Infrastructure World-leading printing technology OVERLAPPING TECHNOLOGIES & EXPERTISE • Fas

  8. Slide 8: Expanding lifecycle reach and recurring revenues

    Expanding lifecycle reach and recurring revenues Access to >3,000 customers strengthens lifecycle reach & customer proximity Customer Access >3,000 manroland sheetfed customers worldwide Expanded global service footprint Lifecycle Expansion Service, spare parts & consumables More recurring revenue s

  9. Slide 9: Lifecycle expansion with earnings upside

    Lifecycle expansion with earnings upside A recurring revenue base, clear integration path and tangible synergies RECURRING INTERGRATION SYNERGIES ADJ. EBITDA REVENUE Targeted integration into UPSIDE Cross selling, cost Established lifecycle Add. Net sales and HEIDELBERG efficiencies and business wit

  10. Slide 10: Strengthening position in the packaging and labeling market

    Strengthening position in the packaging and labeling market Integration of POLAR machines and systems Complete acquisition of POLAR: Integration of POLAR machines and systems into the HEIDELBERG organization and ecosystem © Heidelberger Druckmaschinen AG 10

  11. Slide 11: Strengthening Core | Regional Growth

    Strengthening Core | Regional Growth Strengthening the regions China: On track: Strong order intake with promising prospects for the coming years. Japan: A century of market Africa: presence and >30% Expanding share provide a strong Infrastructure & foundation for further Driving Growth growth in Ja

  12. Slide 12: Efficiency & Cost Optimization | LCC

    Efficiency & Cost Optimization | LCC Reducing manufacturing costs across selected product lines New entity Foundation of HEIDELBERG Industrial Solutions DOO in North Macedonia beginning of 2026 Initial production scope Assembly of postpress equipment and further assembly content Advantageous cost si

  13. Slide 13: Driving High Tech

    DRIVING IGH TECH ENERGY SYSTEMS PRINT & HEIDELBERG brings together expertise, products, and partners Sustainable Energy for Today and Tomorrow for a safe and sustainable future. PACKAGING AMPERFIED – Charging Infrastructure World-leading printing technology OVERLAPPING TECHNOLOGIES & EXPERTISE • Fas

  14. Slide 14: Entry into the sodium-ion battery storage market

    Entry into the sodium-ion battery storage market Strategic partnership with PHENOGY Industrial Manufacturing of complete Energy Storage Systems from procurement and production through to rollout, installation, service and maintenance New Development of Sodium-Ion Battery Cells based on PHENOGY’s cel

  15. Slide 15: Defense

    Defense ONBERG launches live hub at the Brandenburg site Demonstration center for integrated Counter-UAS Solutions Insight into Functionality and Interoperability Counter-UAS technologies Focused on critical infrastructure protection Enhancing Europe’s defense preparedness Rising Demand & Pressure f

  16. Slide 16: Key Highlights Q1 FY 2026/27

    Key Highlights Q1 FY 2026/27 CORE HD ADVANCED TECHNOLOGIES AMPERFIED − Manroland sheetfed integration and − Kickoff for automated drone defense − First international charging POLAR acquisition progressing; first from Brandenburg: ONBERG-JV begins infrastructure service contracts VLF cross-selling su

  17. Slide 17: Financial Review Q1 FY 2026/27

    Agenda 1 HIGHLIGHTS 2 FINANCIAL REVIEW Q1 FY 2026/27 3 OUTLOOK FY 2026/27 © Heidelberger Druckmaschinen AG 17

  18. Slide 18: HEIDELBERG Performance Report: Group

    HEIDELBERG Performance Report Q1 FY 2026/27 Group Performance Report fx-adj. -3.9% fx-adj. -13.1% -420 bps -14% -2% -4% -13% 9,228 560 466 4.4% 9,019 537 404 -68 0.2% -77 Employees Order intake Net sales Adj. EBITDA margin FCF in €m in €m in % of Net sales in €m Order intake: Phase-Out of incentive

  19. Slide 19: HEIDELBERG Performance Report: Segment Split

    HEIDELBERG Performance Report Q1 FY 2026/27 Segment Split in €m ACT Q1 FY 2025/26 ACT Q1 FY 2026/27 Order intake Net sales Adj. EBITDA margin in €m in €m in % of Net sales Print & Packaging Equipment Phase-out of incentive program in Italy Print & Packaging -13% -30% -580bps becomes visible in Order

  20. Slide 20: HEIDELBERG Performance Report: Regional Split

    HEIDELBERG Performance Report Q1 FY 2026/27 Regional Split in €m ACT Q1 FY 2025/26 ACT Q1 FY 2026/27 Order intake Net sales in €m in €m EMEA 288 252 Italy incentive phase-out weighed on Order EMEA 241 -16% 195 -23% intake; niche growth partly offset. Net sales (including Eastern Europe) fx-adj. -16.

  21. Slide 21: EBITDA bridge (Q1 FY 2026/27)

    EBITDA bridge (Q1 FY 2026/27) Lower volumes drove EBITDA decline in €m FY2025/26 Reported EBITDA 20 No adjustments in Q1 FY 2025/26 Non-recurring items 0 FY2025/26 - Absolute contribution margin reduction Adjusted EBITDA 20 from lower sales volumes primarily driven Δ Sales volume & capacity -26 by S

  22. Slide 22: Operating Cash Flow (Q1 FY 2026/27)

    Operating Cash Flow (Q1 FY 2026/27) Influenced by acquisitions & customs duty refund; prepayments improved significantly in €m Adj. EBITDA to Operating Cash Flow Q1 FY 2026/27 Change y/y excl. non-rec. items Tax & interest stable y/y EBITDA 1 -20 NWC improved y/y through lower inventories (adjusted

  23. Slide 23: Free Cash Flow (Q1 FY 2026/27)

    Free Cash Flow (Q1 FY 2026/27) Impacted by strategic investments in manroland sheetfed and growth businesses in €m Operating to Free Cash Flow Q1 FY 2026/27 Change y/y excl. non-rec. items Operating Cash Flow -55 2 Manroland sheetfed acquisition of approximately € 11m as well as Onberg Investments -

  24. Slide 24: Balance Sheet (Q1 FY 2026/27)

    Balance Sheet (Q1 FY 2026/27) Net loss and FCF outflow weigh on Equity and Net financial position Equity (Equity ratio in %) Net financial position1 in €m in €m 27.2% 24.3% 568 Negative Net income of € - Net financial position 536 -6% 32m; Unfavorable effects 39 contracts driven by a from pension ra

  25. Slide 25: Key takeaways Q1 FY 2026/27

    Key takeaways Q1 FY 2026/27 Margin Recovery Recovery of Contribution margin ratio and ongoing focus on cost & efficiency measures International growth Resilience in APAC & Americas underscores the strategic imperative of international expansion Investing for future growth Seasonal negative FCF addit

  26. Slide 26: Outlook FY 2026/27

    Agenda 1 HIGHLIGHTS 2 FINANCIAL REVIEW Q1 FY 2026/27 3 OUTLOOK FY 2026/27 © Heidelberger Druckmaschinen AG 26

  27. Slide 27: Group Guidance FY 2026/27

    Group Guidance FY 2026/27 Guidance confirmed vs. FY 2025/26 Q1 Q1 Guidance LEVERS FY 2025/26 FY 2026/27 FY 2026/27 − Focus on dedicated regional & portfolio expansion (partly-) NET SALES € 466m € 404m STABLE counters challenging macro (-13%) (FY 2025/26 € 2,293m) environment − Ongoing cost disciplin

  28. Slide 28: Segment Guidance FY 2026/27

    Segment Guidance FY 2026/27 Guidance confirmed PRINT & PACKAGING DIGITAL SOLUTIONS & HEIDELBERG EQUIPMENT LIFECYCLE TECHNOLOGY NET SALES NOTICABLE SLIGHT SIGNIFICANT DECLINE INCREASE INCREASE ADJUSTED SIGNIFICANT SLIGHT SIGNIFICANTLY EBITDA-MARGIN INCREASE DECLINE IMPORVED Challenging environment (w

  29. Slide 29: Growth Drivers

    Growth Drivers Our strategy pillars for sustainable stakeholder value creation Dual-use strategy System integration Efficiency & cost control packaging forced by digitalization Expansion into supply-driven, Offering turnkey end-to-end Ongoing strong execution of high-growth areas through solutions t

  30. Slide 30: Publications, Roadshow and Conferences

    Publications, Roadshow and Conferences Looking forward to continuing the conversation Financial calendar 2026/2027 Roadshow & Conferences August 19, 2026 August 25, 2026 Press Conference, Analysts’ and Investors’ Conference on Q1 FY 2026/27 results mwb German Select November 12, 2026 September 22, 2

  31. Slide 31: How to contact us

    How to contact us Looking forward to continuing the conversation Contact External Data Platforms/ Research Portals Investor Relations Curation Connect Tel.: +49 6222 - 82 67120 mwb_research investorrelations@heidelberg.com Investor Resources Investor Relations Website © Heidelberger Druckmaschinen A

  32. Slide 32: Financials: Key figures

    Financials Key figures Figures in € millions Q1 Q1 2025/2026 2026/2027 Results of operations Incoming orders 559.5 536.9 Order backlog1) 788.9 762.4 Net sales 466.2 404.3 Adjusted EBITDA2) 20.5 0.9 in percent of sales 4.4 0.2 EBITDA2) 20.5 0.9 Result of operating activities (EBIT) 1.9 -18.5 Net resu

  33. Slide 33: Financials: Balance sheet

    Financials Balance sheet Assets Equity and liabilities Figures in € millions 31-Mar-2026 30-Jun-2026 Figures in € millions 31-Mar-2026 30-Jun-2026 Non-current assets Equity Intangible assets 228.5 227.9 Issued capital 779.1 779.1 Property, plant and equipment 671.0 666.6 Capital reserves, retained e

  34. Slide 34: Financials: P&L

    Financials P&L Figures in € millions Q1 Q1 2025/2026 2026/2027 Net sales 466.2 404.3 Change in inventories/other own work capitalized 85.8 109.1 Total operating performance 552.0 513.4 Other operating income and expenses 72.9 72.0 Cost of materials 250.9 243.9 Staff costs 207.7 196.5 EBITDA1) 20.5 0

  35. Slide 35: Financials: Segments

    Financials Segments Print & Packaging Equipment Figures in € millions Q1 Q1 2025/2026 2026/2027 Incoming orders 301.2 262.0 Order backlog 527.7 488.3 Sales 211.2 147.7 Adjusted EBITDA1) 12.6 0.3 EBITDA1) 12.6 0.3 Digital Solutions & Lifecycle Figures in € millions Q1 Q1 2025/2026 2026/2027 Incoming

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