Slide 1: Krones Preliminary Figures 2024
Krones Preliminary Figures 2024 Conference Call February 20, 2025 Christoph Klenk, CEO Uta Anders, CFO
Slide 2: Krones with a successful year 2024; revenue and profitability increased again
Krones with a successful year 2024; Revenue and profitability increased again and follow the profitable growth strategy Order intake in 2024 at Revenue growth in Q4 2024 EBITDA margin in 2024 Targets for 2025 follow the €5.5 billion as a result of by 14.8% yoy, in full year 2024 increased from 9.7%
Slide 3: Krones highlights Q1 – Q4 2024
Krones highlights Q1 – Q4 2024 €5.46 billion +12.1% 10.1% +€293 million Order intake Revenue EBITDA margin Free cash flow w/o M&A (PY €5.38 billion) €5,294 million (PY 9.7%) (PY +€13 million) 3 Krones Conference Call February 20, 2025
Slide 4: Targets 2024 achieved
Targets 2024 achieved Revenue growth EBITDA margin ROCE Targets 9% – 13% 9.8% – 10.3% 17% – 19% Actuals 12.1% 10.1% 18.2% All three key figures for 2024 were fully achieved 4 Krones Conference Call February 20, 2025
Slide 5: Order intake (€ million)
Order intake (€ million) Order intake (€ million) Market demand in the filling and 5,783 packaging industry continues to be +34.0% 5,377 5,461 stable and pipeline is robust 1,183 -7.0% +1.6% Q4 1,263 1,345 − In Q4 2024 order intake increased as expected by 6.5% 1,493 Q3 1,328 1,323 − In 2024 the val
Slide 6: Order backlog (€ million)
Order backlog (€ million) Order backlog (€ million) − As forecasted, the book-to-bill ratio 4,289 4,122 was with 1.03x slightly above 1x +18.9% +4.1% − For 2025 a book-to-bill ratio of around 3,466 +83.1% 1x is expected − Despite strong revenue growth (12.1%) order backlog of €4.3 billion increased
Slide 7: Revenue split in industrialized and emerging markets
The well-balanced revenue split in industrialized (51%) and emerging markets (49%) reflects the strong resilience of Krones Share of revenues (Q1 – Q4) Europe Eastern Europe/ Prag 33.2% Central Asia North and 28.3% 28.3% Central America 5.6% 5.1% 7.2% 25.3% 23.1% 2022 2023 2024 21.9% China 2022 2023
Slide 8: Revenue development by quarter (€ million)
Revenue development by quarter (€ million) Krones' revenue growth in 2024 accelerated 5,294 as expected significantly by 12.1% +12.1% 4,721 − In Q4 the revenue growth was at 14.9% +12.2% 1,419 with an overproportional increase in the 4,209 +15.8% 1,235 new equipment business 1,165 − The acquisition
Slide 9: EBITDA and EBITDA margin further improved
EBITDA and EBITDA margin further improved EBITDA (€ million) (€ million and %) EBITDA margin 31.12. in % 537.1 +17.4% EBITDA margin in 2024 at 10.1% with 125.0 146.0 457.3 EBITDA at €537 million (+17%) +22.5% − EBITDA margin in 2024 increased from 125.0 9.7% to 10.1% and is fully in line with our 37
Slide 10: EBT and EBT margin by quarter
EBT and EBT margin by quarter (€ million and %) EBT (€ million) EBT margin 31.12. in % 381.6 EBT margin increased in 2024 to 7.2% +22.9% vs. 6.6% prior year 106.0 − In 2024 EBT also increased by 23% 310.5 up to €382 million and a EBT margin +28.3% of 7.2% 75.1 242.1 − EBT was influenced by a financi
Slide 11: Personnel and material expenses Q1 – Q4
Personnel and material expenses Q1 – Q4 (€ million and %) − Personnel costs increased by 14% as a Personnel costs Q1 – Q4 (€ million) Material costs Q1 – Q4 (€ million) result of increasing number of employees 2,603 (+10.1%) in the last 12 months. Also wages and salaries raised but all in all the 2,
Slide 12: Krones employees worldwide
Krones employees worldwide – Growth in Germany in 2024 (+6.2%) also includes hiring of service engineers and trainees; further global growth (+15.4%) mainly related to M&A (Netstal) and emerging markets. Krones increased the number of its employees in the USA by 15% to close to 1,600. Total Germany
Slide 13: Revenue and EBITDA per segment (1/3)
Revenue and EBITDA per segment (1/3) Filling and Packaging Technology Revenue development Q1 – Q4 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 – Q4 − Revenue growth (+13.5%) is above the growth of the group and slightly above 4,454 464.3 the target 2024 (9% to 13%). 3,925 − Despit
Slide 14: Revenue and EBITDA per segment (2/3)
Revenue and EBITDA per segment (2/3) Process Technology Revenue development Q1 – Q4 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 – Q4 − Revenue increased in 2024 by 12%. Based on less turnkey projects in second half of 2024 sales was below the growth target for 2024 (15% to 20%) −
Slide 15: Revenue and EBITDA per segment (3/3)
Revenue and EBITDA per segment (3/3) Intralogistics Revenue development Q1 – Q4 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 – Q4 − After a strong Q4 in revenue with an increase by 47% to €113 million, the full year amount slightly decreased by 3%. The share of this segment in gro
Slide 16: Krones expands its financial strength
Krones expands its financial strength; resilient strong capital position of Krones to withstand volatile world economy developments − Despite of payment for Liquidity reserves Equity (€ million) and equity ratio (in %) M&A activities (€179 million) 31.12.2024 and dividends (€70 million) net cash of
Slide 17: Working Capital Q4 (in %)
Working Capital Q4 (in %) Working Capital continued to improve Working Capital of revenue Q4 Part of Working Capital in % to 17.0% (vs. 17.8% prior year) (%, average over four quarters) of revenue (last 12 months) − The receivables/POC decreased by 3.1% relating to the revenues. In Euro amount Recei
Slide 18: Free cash flow Q1 – Q4
Free cash flow Q1 – Q4 With a very strong operating cash flow in (€ million) 2024 2023 2024 the free cash flow (w/o M&A) improved significantly to €292 million Earnings before taxes (EBT) 381.6 310.5 − The positive development of the earnings +/– Other non-cash changes +207.8 +129.9 compensated the
Slide 19: Free cash flow
Free cash flow Very strong free cash flow and cash Free cash flow (without M&A) in € million conversion rates in 2024 − After a strong development in Q4 2024 (+€148 million) the free 398 cash flow was above expected amount 293 − As a consequence of the high free cash flow in 2024 the cash 221 conver
Slide 20: ROCE
ROCE − ROCE, as the third target figure, is at ROCE Q1 – Q4 2022 – 2024* in % 18.2% within our expectations for FY 2024 (17% to 19%) and better than 17.3% of 2023 18.2 17.3 − The positive development is mainly based on higher EBIT (+27%) in 2024 14.1 − This increase in earnings will compensate the f
Slide 21: Outlook 2025
Outlook 2025 21 Krones Conference Call February 20, 2025
Slide 22: Krones Outlook 2025 – further growth and improvement of profitability
Krones Outlook 2025 – further growth and improvement of profitability 7% – 9% 10.2% – 10.8% 18% – 20% Revenue growth EBITDA margin ROCE There are various unpredictable factors that could affect the company’s business processes and production. These include geopolitical risks in Europe, the Middle Ea
Slide 23: Krones Outlook 2025 – Segment targets
Krones Outlook 2025 – Segment targets Filling and Packaging Process Intralogistics Technology Technology Revenue 7% – 9% 0% – 5% 15% – 20% growth EBITDA margin 10.5% – 11.0% 9.0% – 10.0% 6.5% – 7.5% 23 Krones Conference Call February 20, 2025
Slide 24: Mid-term targets 2028
Mid-term targets 2028 Revenue, € billion EBITDA and EBT margin, % ROCE, % ~7.0 bn EBITDA EBT 5.3 bn >20% 18.2% 11-13% 8-10% 10.1% 7.2% 2024 2028 target 2024 2028 target 2024 2028 target Growth drivers Profitability drivers ROCE drivers 3% Global Beverage Market Pricing power Increase in EBIT
Slide 25: Key take aways
Key take aways 1. Krones with very good results in 2024. Revenue and profitability increased significantly 2. The ambitious targets for 2024 are achieved and expectations met. Free Cash flow increased significantly in 2024 3. Despite critical overall economic conditions, the beverage markets are rob
Slide 26: Questions and Answers
Questions and Answers 26 Krones Conference Call February 20, 2025
Slide 27: Conference Call Preliminary Figures 2024
Conference Call 27 Krones Conference Call February 20, 2025 Preliminary Figures 2024
Slide 28: Thank you for your attention!
Thank you for your attention! 28 Krones Conference Call February 20, 2025
Slide 29: Financial calendar 2025
Financial calendar 2025 May 9, 2025 Conference Call Group Quarterly statement for the period from 1 January to March 31, 2025 May 27, 2025 Annual General Meeting in Regensburg July 30, 2025 Conference Call Group Quarterly statement for the period from 1 January to June 30, 2025 November 7, 2025 Conf
Slide 30: Disclaimer
Disclaimer This investor presentation contains forward-looking statements that are based on current estimates, forecasts and assumptions made by Krones AG management to the best of its knowledge and other information currently available to Krones AG. The forward-looking statements of this presentati
Slide 31: Solutions Beyond Tomorrow
SOLUTIONS BEYOND TOMORROW