Kion Group Ag · XETR:KGX
Kion — Q1 2026 Earnings Presentation
26 slides from Kion's earnings presentation, Apr 30, 2026
Slide 1: KION GROUP AG Q1 2026 Update Call
KION GROUP AG Q1 2026 Update Call 30 April 2026 Rob Smith (CEO), Christian Harm (CFO) Frankfurt
Slide 2: Agenda
Agenda 01 Summary & Business Update Q1 2026 02 Financial Update 03 Outlook 2026 & Key Takeaways KION GROUP AG | Q1 2026 Update Call | 2026-04-30 2
Slide 3: Positive Q1 2026 with strong growth in order intake
Positive Q1 2026 with strong growth in order intake Order intake Revenue Adj. EBIT 1 Adj. EBIT margin1 Free cash flow EUR EUR EUR EUR 3.0 2.8 205 7.4 47 bn. bn. m. % m. +10% YoY – 1% YoY +5% YoY + 40bp YoY + € 17m YoY → Positive start into 2026 in line with our expectations and no material adverse i
Slide 4: Business Update Q1 2026
Business Update Q1 2026 Lighthouse physical AI project World premiere at LogiMAT Expanding our technology portfolio Next step of the strategic collaboration At LogiMAT in Stuttgart our brands ZIKOO Robotics is a leading, highly between KION, NVIDIA, and Accenture, demonstrated how intelligent supply
Slide 5: Agenda
Agenda 01 Summary FY 2025 & Business Update Q1 2026 02 Financial Update 03 Outlook 2026 & Key Takeaways KION GROUP AG | Q1 2026 Update Call | 2026-04-30 5
Slide 6: ITS – Key Financials
ITS – Key Financials Order intake benefited from pre-buying – improvement in adj. EBIT margin 1 Change Change (in €m) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 QoQ YoY Order intake (in ’000 units) 65.2 70.0 60.3 70.6 72.6 +11% +3% Order intake 1,958 2,070 1,942 2,177 2,041 +4% -6% Order book 2,082 2,0
Slide 7: IAS – Key Financials
IAS – Key Financials Strong order intake growth in Business Solutions – improvement in adj. EBIT margin 1 Change Change (in €m) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 QoQ YoY Order intake 756 1,445 740 658 951 +26% +45% of which E-commerce (%)2 42% 87% 24% 25% 50% - - Order book 2,375 2,944 2,936 2
Slide 8: KION Group – Key Financials
KION Group – Key Financials Strong order intake growth – improvement in adj. EBIT margin Change Change (in €m) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 QoQ YoY Order intake 2,706 3,500 2,676 2,823 2,985 +10% +6% Order book 4,430 4,963 4,944 4,8922 5,139 +16% +5% Revenue 2,788 2,708 2,704 3,097 2,771
Slide 9: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income (in €m) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Change YoY Change QoQ ❶ Adj. EBITDA 459 457 456 495 472 +3% -5% Includes approx. €5m D&A –263 –267 –266 –282 –267 -1% +5% expenses relating to Adj. EBIT 196 189 190 213 205 +5% -4% efficiency program Non-recurring items PP
Slide 10: Free Cash Flow
Free Cash Flow Free cash flow impacted by seasonal working capital build-up and cash out for efficiency program and incentive payments as well as lower capex (in €m) -88 ❶ 177 143 Increase in NWC due -114 -1 117 3 to typical seasonality ❷ 1 2 -63 47 -7 -51 0 1 -3 EBIT D&A on NWC Taxes and Net change
Slide 11: Stable Net Debt and Leverage
Stable Net Debt and Leverage Indebtedness and leverage1 ratios as at 31 March 2026 ❶ 1 (in €m) Leverage ratio 1.1x 2,140 based on INOD improved by 0.1x 767 due to lower Liab. from liabilities from short- procurement leases term rental business 0.3x 0.3x 786 584 +3 587 Liab. from STR financing New €5
Slide 12: Agenda
Agenda 01 Summary FY 2025 & Business Update Q1 2026 02 Financial Update 03 Outlook 2026 & Key Takeaways KION GROUP AG | Q1 2026 Update Call | 2026-04-30 12
Slide 13: FY 2026 Outlook confirmed
FY 2026 Outlook confirmed Intelligent Automation → ITS: adj. EBIT guidance KION Group Industrial Trucks & Services includes savings from efficiency Solutions program; the range in revenue FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 and adj. EBIT outlook reflects (in €m) Actuals Outlook Actuals O
Slide 14: Key Takeaways
Key Takeaways KION had a positive start to fiscal year 2026. We are actively steering the organization to limit potential impacts from the war in Iran with operational and commercial agility measures KION is making significant advances in developing innovative, physical AI solutions. With GXO, we pr
Slide 15: Questions & Answers
Questions & Answers KION GROUP AG | Q1 2026 Update Call | 2026-04-30 15
Slide 16: Appendix
Appendix KION GROUP AG | Q1 2026 Update Call | 2026-04-30 16
Slide 17: Assumptions for Outlook 2026
Assumptions for Outlook 2026 Market expectations1 (measured in order intake) • Based on information available to date, no material adverse effects from the war in Iran on the global industrial truck market have been observed. We therefore maintain our current assessment. • Globally, the industrial t
Slide 18: Basis for Outlook
Basis for Outlook Amended Free Cash Flow definition • Given expected strong growth in Leasing and KION’s good access to capital markets we intend to broaden the financing of the leasing business to include debt capital market instruments with general corporate purpose. We have issued such an instrum
Slide 19: FY 2026 Expectation – Housekeeping Items
FY 2026 Expectation – Housekeeping Items Non-recurring items ¹ Operating Capex ² ... between – € 40m and – € 70m ... between – € 370m and – € 400m PPA R&D spending ³ ... around – € 85m to – € 90m ... Around 3% of group revenue Net Financial expenses Dividend policy … between – € 150m and – € 170m …
Slide 20: Leverage Development and Maturity Profile
Leverage Development and Maturity Profile Leverage development 1 Maturity profile and free liquidity Self-help returned leverage ratios to below post Dec. 2020 capital increase levels as at 31 March 2026 (in €m) 2.3x 2,353 1.4x 1.4x 2,000 1.5x 2 967 1.1x 0.9x 1.3x 1,500 1.2x 0.7x 1,000 0.3x 508 500
Slide 21: KION ITS: Electrification Rate
KION ITS: Electrification Rate Development of KION ITS segment Change Order intake Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Change YoY Change QoQ FY 2022 FY 2023 FY 2024 FY 2025 YoY 2025 Order intake (in ’000 units) 65.2 70.0 60.3 70.6 72.6 +11% +3% 268.2 241.7 245.0 266.1 +9% Thereof IC-trucks 4.7 5
Slide 22: Industrial Truck Market and ITS Order Intake
Industrial Truck Market and ITS Order Intake Industrial Truck Market 1 Development of KION ITS segment Region Regional growth Q4 2024 FY 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 (Change in units YoY) (Change in units yoy) EMEA +9% +10% +4% +2% +5%
Slide 23: Financial Calendar
Financial Calendar Date Event 30 April 2026 Quarterly Statement for the period ended 31 March 2026 (Q1 2026) and analyst call 13 May 2026 UBS Pan European Small and Mid-Cap Conference 2026, London, UK 19 May 2026 European Conference 2026, New York, USA 26 May 2026 dbAccess European Champions Confere
Slide 24: Key Financials
Key Financials Group figures Industrial Trucks & Services Intelligent Automation Solutions Q1 FY Q4 Q3 Q2 Q1 FY Q1 FY Q4 Q3 Q2 Q1 FY Q1 FY Q4 Q3 Q2 Q1 FY (in € m) 2026 2025 2025 2025 2025 2025 2024 2026 2025 2025 2025 2025 2025 2024 2026 2025 2025 2025 2025 2025 2024 Order intake 2,985 11,705 2,823
Slide 25: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”, Certain industry, market and competitive position data contained in this and other factors because they relate to events and depend on circumstances and together with its consolidated subsidiaries, the "KION Group"). This Pr
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