Slide 1: 9M 2025 Analyst Presentation
TRUSTED PARTNER. 9M 2025 Analyst Presentation Dr. Alexander Sagel, CEO Anja Mänz-Siebje, CFO 13 November 2025
Slide 2: Highlights
9M 2025 OVERVIEW On track and prepared for upcoming years Key order intakes 9M 2025 Highlights THOR III / transmissions ~ €235m (Q3: €56m) • Strong 9M 2025 order intake of €1,246m (9M 2024: International customer / €858m) with book-to-bill at 1.3x (9M 2024: 1.1x) transmissions + engines ~ €130m • To
Slide 3: RENK Group maintains strong order momentum and profitable growth
9M 2025 OVERVIEW RENK Group maintains strong order momentum and profitable growth ORDER INTAKE REVENUES ADJ. EBIT ADJ. EBIT #1 9M 2025 9M 2025 9M 2025 MARGIN 9M 2025 in mission-critical drive technologies €1,246m €928m €141m 15.2% +45% YoY +19% YoY +25% YoY +0.8pp YoY • Order intake – momentum remai
Slide 4: Going-live of new modular production line concept VTA
9M 2025 OVERVIEW Going-live of new modular production line concept VTA 3 RENK Group AG | 9M 2025 Conference Call Trusted Partner
Slide 5: Unveiling of two new transmission types as part of our roadmap
9M 2025 OVERVIEW Unveiling of two new transmission types as part of our roadmap HSWL 076 HSWL 406 Transmission for <20to Tracked Platforms MBT Transmission DSEI, London, 9 September 2025 Media Round Table, Augsburg, 25 August 2025 4 RENK Group AG | 9M 2025 Conference Call Trusted Partner
Slide 6: Defense business is driving the Group performance
9M 2025 OVERVIEW Defense business is driving the Group performance Order Intake (Defense, €m) Revenue (Defense, €m) +48% +25% 932 690 551 631 9M 2024 9M 2025 9M 2024 9M 2025 5 RENK Group AG | 9M 2025 Conference Call Trusted Partner
Slide 7: Vehicle Mobility Solutions
9M 2025 OVERVIEW Vehicle Mobility Solutions • Ongoing strong order momentum with book-to-bill ratio of 1.6x (9M 2025) • Implementation of new modular production line concept at VTA – key milestone for meeting future capacity requirements • Execution of key customer programs according to schedules Re
Slide 8: Marine & Industry
9M 2025 OVERVIEW Marine & Industry • Very solid revenue development • Navy business remains the main driver for order intake and revenues; industrial business with ongoing GDP related headwind • Aftermarket growth supported by RAMI integration Revenue, €m YoY +15.5% 268 232 212 Order Intake 9M 255 €
Slide 9: Slide Bearings
9M 2025 OVERVIEW Slide Bearings • Ongoing market related headwinds from industrial sector • Q3 operational issues addressed, stabilization expected during Q4 2025 Revenue, €m YoY -0.2% 92 92 83 Order Intake 9M 96 €m 9M 2023 9M 2024 9M 2025 8 RENK Group AG | 9M 2025 Conference Call Trusted Partner
Slide 10: Strong military demand pushes total order backlog above €6 billion
9M 2025 OVERVIEW Strong military demand pushes total order backlog above €6 billion despite solid revenue conversion Total order backlog (Sep-25), €bn LTM revenue 1.8x 0.6x 2.5x 5.0x coverage(1) 2.2 (FY-24) 3.2 5.0 (FY-24) 0.6 (FY-24) 6.4 0.8 2.1 (FY-24) Additional recurring aftermarket business 2.4
Slide 11: Financial Summary
TRUSTED PARTNER. Financial Summary Anja Mänz-Siebje, CFO
Slide 12: Strong steady upward trend in Q3 reflecting our growth strategy
FINANCIAL SUMMARY RENK Group: Strong steady upward trend in Q3 reflecting our growth strategy Order intake, €m Revenue, €m Fixed order backlog(2), €m 1.1x 1.3x 0.9x 1.1x 14.6% 45.2% 2,383 2,080 1,246 19.2% 928 858 778 41.0% 14.8% 325 308 230 268 9M-24 9M-25 Q3-24 Q3-25 9M-24 9M-25 Q3-24 Q3-25 Dec-24
Slide 13: Operational leverage and cost discipline driving higher profit margins
FINANCIAL SUMMARY RENK Group: Operational leverage and cost discipline driving higher profit margins Adj. gross profit(1), €m Adj. EBIT(2), €m Net debt(3), €m 27.9% 28.1% 29.6% 29.1% 14.4% 15.2% 16.2% 16.8% 1.7x 1.7x 16.0% 435 375 20.1% 261 217 25.5% 13.1% 141 112 19.3% 79 90 43 52 9M-24 9M-25 Q3-24
Slide 14: VMS: Momentum continued through the first nine months of 2025
FINANCIAL SUMMARY VMS: Momentum continued through the first nine months of 2025 Segment financials, €m Order intake Revenue Adj. EBIT(1) 20.2% 16.6% 18.1% 18.3% 20.0% 65.0% 904 36.2% 24.8% 105 548 579 77 464 22.8% 62.3% 12.2% 38 223 31 169 190 138 9M-24 9M-25 Q3-24 Q3-25 9M-24 9M-25 Q3-24 Q3-25 9M-2
Slide 15: M&I: Navy business remains a reliable and steady contributor
FINANCIAL SUMMARY M&I: Navy business remains a reliable and steady contributor Segment financials, €m Order intake Revenue Adj. EBIT(1) 10.0% 11.6% 9.9% 13.4% 15.5% 34,6% 18.3% 268 31 255 232 215 23 31.4% 77,8% 23.2% 92 12 70 BER300 - EBIT 72 7 59 9M-24 9M-25 Q3-24 Q3-25 9M-24 9M-25 Q3-24 Q3-25 9M-2
Slide 16: Slide Bearings: Resilient revenue despite decline in orders and EBIT
FINANCIAL SUMMARY Slide Bearings: Resilient revenue despite decline in orders and EBIT Segment financials, €m Order intake Revenue Adj. EBIT(1) 17.6% 16.1% 16.8% 14.9% -8.9% -0.1% -9.4% 16 106 15 92 92 96 -17.1% -5.5% -16.3% 36 31 5 30 29 4 9M-24 9M-25 Q3-24 Q3-25 9M-24 9M-25 Q3-24 Q3-25 9M-24 9M-25
Slide 17: PPA adjustments remain stable, while non-recurring item adjustments decline
FINANCIAL SUMMARY PPA adjustments remain stable, while non-recurring item adjustments decline For the period, €m 9M-24 9M-25 Operating profit 58.3 95.5 Purchase price allocation effects 1 33.1 33.6 Operating profit before PPA depreciation and amortization as well as income / losses from 91.4 129.1 P
Slide 18: NWC increase is driven by inventory build-up
FINANCIAL SUMMARY NWC increase is driven by inventory build-up Customer receivables(1) Inventories Net working capital, €m Trade payables Prepayments received(2) % of LTM revenue 26.8% 24.9% 26.6% 343 284 248 311 268 249 478 326 391 (124) (117) (129) (204) (258) (317) Dec-23 Dec-24 Sep-25 17 RENK Gr
Slide 19: Ongoing strong positive Free Cash Flow in 9M-25 despite further NWC build up
FINANCIAL SUMMARY Ongoing strong positive Free Cash Flow in 9M-25 despite further NWC build up Change in NWC, €m Key Cash Flow items 9M-25, €m -12 (70.8) (50.0) Customer receivables -71 (80.7) Inventories 166 -16 -9 +14.3 Trade payables -12 45 -19 26 +45.6 Prepayments received 45 26 Adj. Adjustments
Slide 20: Outlook
TRUSTED PARTNER. OUTLOOK Dr. Alexander Sagel, CEO
Slide 21: 2025 Guidance confirmed based on 9M 2025 performance
OUTLOOK 2025 Guidance confirmed based on 9M 2025 performance Revenue growth Adjusted EBIT(1) >€1.3bn €210m-235m (unchanged) (unchanged) The definition of the 2030 mid-term targets will be presented at the CMD on 20 November 2025 20 RENK Group AG | 9M 2025 Conference Call Trusted Partner
Slide 22: Overview key order intake programs
OUTLOOK Overview key order intake programs Q4 2025 H1 2026 Land Puma (CR) Transmissions Var. Frigates Leopard 2 TRACKX VTA spare parts Kodiak AVDS Engines Puma IMBT VTA spare parts PzH 2000 AICS . Gov funded K2 Family Naval R&D MBT Test Rigs THOR IV Boxer Vehicles 21 RENK Group AG | 9M 2025 Conferen
Slide 23: Clear focus on Q4 2025 priorities
OUTLOOK Clear focus on Q4 2025 priorities 1 FY 2025 • Full focus on Q4 operational performance, output & financial KPIs • Secure pending 2025 OI programs & proceed on future key OI projects Key OI and business 2 development projects • Ongoing R&D efforts in key technology areas (e.g. autonomy/UGV, N
Slide 24: Key takeaways
OUTLOOK Key takeaways RENK delivered a strong 9M performance, improved on a record total 1 order backlog level of €6.4bn and confirmed the FY 2025 guidance Defense with +48% OI, +25% revenues and a book-to-bill ratio 2 of ~1.4 as main driver of Group 9M performance Full focus on execution of product
Slide 25: Financial Calendar Q4 2025 / Q1 2026
OUTLOOK Financial Calendar Q4 2025 / Q1 2026 • BNP MidCap CEO Conference, • ODDO BHF Forum, Lyon (8-9 January) Paris (17 November) • GIS, New York (12/13 January) • Capital Markets Day, • Roadshow US, Redburn (14-16 January) Augsburg (20 November) • GCC, Frankfurt (20-21 January) • Eigenkapitalforum
Slide 26: Q&A Session
TRUSTED PARTNER. Q&A Session RENK Group / Company presentation / March 2023
Slide 27: Your contact
TRUSTED PARTNER. Your contact Events Publications Investor Relations: Julia Brand, Senior IR Manager Phone: +49 821 5700 735 E-Mail: investors@renk.com Maximilian König, Senior IR Manager Phone: +49 821 5700 9302 E-Mail: investors@renk.com Christian Weiß, Senior IR Manager Phone: +49 821 5700 9279 E
Slide 28: Disclaimer
Disclaimer By accessing this presentation, you agree to be bound by the following limitations. This presentation has been prepared for information and background purposes only. It does not constitute or form part of, and should not be construed as, an offer of, a solicitation of an offer to buy, or
Slide 29: Appendix
TRUSTED PARTNER. APPENDIX
Slide 30: Income statement
FINANCIAL APPENDIX Income statement For the period, €m 9M 2024 9M 2025 Revenue 778.3 927.7 Cost of sales (597.2) (705.1) Gross profit 181.1 222.7 Distribution expenses (45.5) (51.1) General and administrative expenses (72.4) (72.7) Net allowances on financial assets 0.3 0.2 Other income 3.1 11.3 Oth
Slide 31: Balance sheet – Total assets
FINANCIAL APPENDIX Balance sheet – Total assets As of, €m Dec 31, 2024 Sep 30, 2025 Intangible assets 360.5 322.0 Property, plant and equipment 320.7 326.5 Other and financial investments 0.8 0.8 Deferred tax assets 22.4 29.1 Other non-current financial assets 0.1 0.6 Other non-current receivables 1
Slide 32: Balance sheet – Total equity and liabilities
FINANCIAL APPENDIX Balance sheet – Total equity and liabilities As of, €m Dec 31, 2024 Sep 30, 2025 Share capital 100.0 100.0 Capital reserves 172.7 173.4 Retained earnings 134.9 148.0 Cumulative other comprehensive income 33.3 10.3 Equity attributable to shareholders of RENK Group AG 440.9 431.7 Eq
Slide 33: Cash flow statement
FINANCIAL APPENDIX Cash flow statement For the period, €m 9M 2024 9M 2025 Cash and cash equivalents at beginning of reporting period 102.2 164.3 Profit / loss before tax (including profit / loss attributable to non-controlling interests) 24.8 59.5 Income tax paid (18.4) (9.4) Depreciation, amortizat
Slide 34: Adjustments
FINANCIAL APPENDIX Adjustments For the period, €m 9M-24 9M-25 Operating profit 58.3 95.5 Purchase price allocation effects 1 33.1 33.6 Operating profit before PPA depreciation and amortization as well as income / losses from 91.4 129.1 PPA asset disposals M&A activity related costs 1.0 2.5 2 Capital
Slide 35: Endnotes (1/2)
Endnotes (1/2) p.9 (1) Defined as total order backlog as of September-25 / LTM revenue for the period ended September 30, 2025. Total order backlog comprised of fixed order backlog, frame order backlog and soft order backlog (2) Fixed order backlog represents with respect to binding customer contrac
Slide 36: Endnotes (2/2)
Endnotes (2/2) p.18 (1) Adj. EBITDA is defined as operating profit before depreciation, amortization and impairment losses on intangible assets and property, plant and equipment, the PPA depreciation and amortization as well as income / losses from PPA asset disposals and adjusted for certain items