Wacker Neuson Se · XETR:WAC
Wacker Neuson — Wacker Neuson Se Namen Ak — Q2 2026 Earnings Presentation
17 slides from Wacker Neuson's earnings presentation, Aug 13, 2026
Slide 1: Wacker Neuson Group – H1/2026 Earnings Call & Webcast
Wacker Neuson Group – H1/2026 Earnings Call & Webcast Dr. Karl Tragl (CEO), Christoph Burkhard (CFO) August 13, 2026
Slide 2: Overview Q2/2026 and H1/2026
Overview Q2/2026 and H1/2026 Q2/2026 H1/2026 Revenue Revenue H1/2026 revenue +17 YoY, driven by a solid € 665.1 m € 1,256.5 m order book in Europe and North America (+14.4% YoY) (+16.9% YoY) in Q1/2026. EBIT margin EBIT margin Significant EBIT margin improvements in 9.5% 8.3% Q2/2026 and H1/2026 dri
Slide 3: Growth driven by both Europe and North America
Growth driven by both Europe and North America Americas: Europe: Asia-Pacific: 20% of Group revenue1 78% of Group revenue1 2% of Group revenue1 in € m in € m in € m +18%2 983.1 +16%2 835.2 252.7 217.8 -5%2 21.9 20.7 H1/2025 H1/2026 H1/2025 H1/2026 H1/2025 H1/2026 1 H1/2025: Americas 20%; Europe 78%;
Slide 4: Compact Equipment grew 26% YoY
Compact Equipment grew 26% YoY Compact Equipment: Light Equipment: Services: 59% of Group revenue1 20% of Group revenue1 21% of Group revenue1 in € m in € m in € m +26%2 742.5 589.7 +9%2 +3%2 259.6 254.2 262.8 238.9 H1/2025 H1/2026 H1/2025 H1/2026 H1/2025 H1/2026 1 H1/2025: Compact Equipment 54%, Li
Slide 5: Net working capital ratio is improving further
Net working capital ratio is improving further As of June 30, 2026 NWC ratio (annualized)1 29.7% 31.4% 27.2% 30.0% 25.9% NWC ratio (LTM)2 32.8% 32.4% 29.2% 30.7% 28.7% [€ m] 750.0 700.0 650.0 600.0 550.0 500.0 450.0 400.0 Inventories Net working capital 30.06.2025 30.09.2025 31.12.2025 31.03.2026 30
Slide 6: Strong free cash flow and low net financial debt
Strong free cash flow and low net financial debt € 76 m € 173 m Free cash flow Net financial debt1 0.5 Net financial debt/ EBITDA (LTM)2 1 Net financial debt = Non-current financial liabilities + Current liabilities to banks + Current portion of non-current liabilities - Cash and cash equivalents.
Slide 7: Guidance 2026 raised after a strong H1/2026
Guidance 2026 raised after a strong H1/2026 Solid order book in H1/2026 Wacker Neuson Group B2B-ratio >1.0, while order momentum softened in Q2/2026. Guidance 2026 raised Construction market gradually recovering CECE index1 positive despite recent geopolitical headwinds. Revenue EBIT margin Mixed ag
Slide 8: Key takeaways H1/2026
Key takeaways H1/2026 We delivered a strong first half-year 2026 and carried on the positive 1 momentum from Q1/2026 into Q2/2026. We significantly improved profitability, showing our operating leverage in 2 the business. Net working capital ratio and free cash flow developed strongly, 3 underlining
Slide 9: Nobody is perfect, but a team can be!
Nobody is perfect, but a team can be! Wacker Neuson SE, H1/2026 Earnings Call & Webcast, August 13, 2026 9
Slide 10: Financial calendar and contact
Financial calendar and contact September 22, 2026 Berenberg Goldman Sachs German Corporate Conference, Munich November 12, 2026 Publication of Nine-month Statement 9M/2026, Earnings Call November 23-24, 2026 German Equity Forum, Frankfurt Disclaimer Contact This document contains forward-looking sta
Slide 11: Appendix
Appendix Wacker Neuson SE, H1/2026 Earnings Call & Webcast, August 13, 2026 11
Slide 12: Revenue and profitability – Q2/2026 and H1/2026
Revenue and profitability – Q2/2026 and H1/2026 Strong revenue growth with essentially unchanged operating costs Comment Revenue EBIT Revenue: [€ m] +16.9% margin • Revenue growth driven by volume effects 800 20% 700 665 • Positive demand trends in Europe and North America; 581 594 591 600 550 15% g
Slide 13: Development of regions and business segments – H1/2026
Development of regions and business segments – H1/2026 Solid development in Europe and North America Comment Revenue Share YoY EBIT1 Revenue Europe (EMEA) +17.7% YoY [€ m] (adj. for FX effects: +17.9%) Europe 983.1 78% +18% 93.4 • Significant market recovery in Europe with regional differences Ameri
Slide 14: Development of NWC components – H1/2026
Development of NWC components – H1/2026 Inventories Trade receivables Inventories DIO1 Trade receivables DSO2 [€ m] [Days] [€ m] [Days] 1,000 400 500 200 800 400 345 616 612 614 647 300 328 317 329 150 594 603 298 600 300 269 146 200 100 123 132 122 131 400 110 200 55 51 53 51 47 41 100 50 200 100 0
Slide 15: NWC and cash flow development – H1/2026
NWC and cash flow development– H1/2026 Net working capital (LTM) Cash flow from operating activities Net working capital Net working [€ m] capital ratio1 [€ m] 1,000 100% 200 € 101 m 800 710 80% € 100 m 700 691 692 690 150 647 600 60% 108 92 100 33% 33% 32% 31% 400 29% 29% 40% 63 61 50 36 200 20% 9
Slide 16: Financial structure development – H1/2026
Financial structure development – H1/2026 Net financial debt and gearing Net financial debt / EBITDA (LTM)3 Net financial debt1 Gearing2 [€ m] 500 100% 1.6 1.4 400 80% 1.1 1.1 299 1.2 298 300 258 60% 1.0 0.9 185 196 173 0.8 0.6 0.6 200 40% 0.5 20% 20% 0.6 17% 12% 13% 11% 0.4 100 20% 0.2 0 0% 0.0 Q1/
Slide 17: The Wacker Neuson SE share
The Wacker Neuson SE share Share price development vs. relevant indices1 Dividend payout 300% 4.00 41% -23% 53% 48% 42% 58% 61% 0% 45% 3.50 120% 3.00 2.73 110% 2.50 2.10 3 2.06 1.99 100% 2.00 0.65 90% 1.50 1.26 1.15 1.14 1.10 1.00 1.04 1.00 0.50 0.90 0.70 80% 0.60 0.60 0.501.41 0.20 70% 0.60 0.00 0.
Wacker Neuson Se Namen Ak — Q2 2026 Earnings Presentation on 6ix