Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational Ag Lndsberg — Q2 2026 Earnings Presentation
19 slides from Rational Aktiengesellschaft's earnings presentation, Aug 6, 2026
Slide 1: 50 years of combi ovens
50 years of combi ovens 50 years of global market leadership for professional cooking systems. Earnings Call Q2 2026 Landsberg am Lech, 6 August 2026
Slide 2: iHexagon solving space and speed restrictions
Loft 56 iHexagon solving space and speed restrictions
Slide 3: National Restaurant Association Show 2026 - Chicago
National Restaurant Association Show 2026 - Chicago The most important event for the American foodservice industry ~130 team ~ 3 months 55,000 members of moderation training for 325 m² visitors at the NRA show involved Arena Demonstration booth space 30 units 52 Arena shows 14 units in the Arenas &
Slide 4: RATIONAL and Sodexo continue to drive forward sustainable cuisine
Cook for Change! Sustainable Chef Challenge 2026 RATIONAL and Sodexo continue to drive forward sustainable cuisine Facts and figures Goals Results − Sodexo has 426,000 employes − Promote sustainable, climate- − ‘Cook for Change! Chef of the in 43 countries friendly and plant-based cuisine Year’ awar
Slide 5: RATIONAL honoured for the fourth time
Best Managed Companies Award RATIONAL honoured for the fourth time RATIONAL achieved top ratings across all evaluation categories: − Strategy − Productivity & Innovation − Culture & Commitment − Governance & Finance Recognition of RATIONAL’s customer- centric approach, entrepreneurial culture, and l
Slide 6: RATIONAL named among the world’s leading quality stocks
Handelsblatt Quality Stock Screening RATIONAL named among the world’s leading quality stocks Resilient Revenue business growth model Dividend Earnings growth growth Criteria High Attractive profitability valuation Strong balance sheet | RATIONAL AG | Earnings Call Q2 2026 06.08.2026 6
Slide 7: Culture as a competitive advantage
RATIONAL U.i.U. Culture as a competitive advantage
Slide 8: Good results. Numbers. Data. Facts.
Good results. Numbers. Data. Facts. HY 2026
Slide 9: Sales revenues up 6% - organic growth rate of 8%
Sales revenue development Sales revenues up 6% - organic growth rate of 8% +6% +4% +4% +23% 642 606 +21% 581 561 +27% 458 379 298 HY 2020 HY 2021 HY 2022 HY 2023 HY 2024 HY 2025 HY 2026 Sales revenues in million euros | Revenue growth compared to the previous year. | RATIONAL AG | Earnings Call Q2 2
Slide 10: Q2 2026 – Sales revenues impacted by pull-forward effects
Sales revenues Q2 2026 – Sales revenues impacted by pull-forward effects +6% 642 606 +8% +4% 318 311 324 295 2025 2026 2025 2026 2025 2025 2026 Q1 Q2 HY Sales revenues in million euros | Revenue growth compared to the previous year. | RATIONAL AG | Earnings Call Q2 2026 06.08.2026 10
Slide 11: Europe and Germany remain the key growth drivers
Sales revenues by region Europe and Germany remain the key growth drivers Germany North America Asia +9% +4% -2% 60 66 148 154 67 65 HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 Europe (ex. Germany) +9% 285 262 Rest of the World Latin America -11% +18% 35 31 34 40 HY 2025 HY 2026 HY 2025 HY 2026
Slide 12: iVario maintains strong double-digit growth
Sales revenues by product group iVario maintains strong double-digit growth iCombi +5% 562 537 iVario +14% 70 79 HY 2025 HY 2026 HY 2025 HY 2026 Sales revenues in million euros | Revenue growth compared to the previous year. | RATIONAL AG | Earnings Call Q2 2026 06.08.2026 12
Slide 13: EBIT benefited significantly from tariff refunds
EBIT EBIT benefited significantly from tariff refunds 26.5% 24.3% 25.6% 25.3% 22.3% 20.3% +11% +3% +10% +46% 170 9.2% 153 149 136 +10% +206% 93 84 28 HY 2020 HY 2021 HY 2022 HY 2023 HY 2024 HY 2025 HY 2026 EBIT in million euros | EBIT growth compared to the previous year. EBIT margin | RATIONAL AG |
Slide 14: High profitability in HY 2026
High profitability in HY 2026 Healthy sales revenue growth; margins affected by tariff refunds HY HY HY 2025 vs. HY 2026 in m EUR 2025 2026 Change Margin Impact Sales revenues 606 642 +6% --- + Sales revenues growth COGS -248 -258 +4% +75 bps in line with expectations Gross Profit 358 383 +7% --- CO
Slide 15: High equity ratio and liquidity
Balance sheet High equity ratio and liquidity in m EUR 30.06.2025 31.12.2025 30.06.2026 Balance sheet at a glance: Non-current assets 282 289 295 – 7% growth in total assets Inventories 116 124 136 – 39% Liquidity ratio1 Trade receivables 191 200 200 – 49 DSO (days) Other assets 308 383 256 Liquid f
Slide 16: Forecast unchanged after HY 2026
Sales revenue and earnings forecast for 2026 Forecast unchanged after HY 2026 Sales revenue growth Gross profit margin Operating costs EBIT margin in the mid to high single- on a slightly lower level are rising slightly faster between 25% and 26%. digit percentage range. than in the previous year. t
Slide 17: Q&A session Please send your questions
Earnings Call Q2 2026 Q&A session Please send your questions via the chat Please subscribe for the IR follow-up talk (11 August 2026 at 2:00 pm CET) Dr Peter Stadelmann Jörg Walter CEO CFO | RATIONAL AG | Earnings Call Q2 2026 06.08.2026 17
Slide 18: Disclaimer
Disclaimer This presentation serves the single purpose of introducing the RATIONAL Group and providing a brief overview. The information contained is not intended to be exhaustive and does not provide a basis for corporate decisions or serve as investment advice. We assume no warranty, guarantee or
Slide 19: RATIONAL
RATIONAL