Slide 1: Publication of Results
PUBLICATION OF RESULTS Vienna, July 29, 2022 1
Slide 2: Andreas Klauser, CEO
PALFINGER ANDREAS KLAUSER CEO
Slide 3: PALFINGER at a Glance
PALFINGER at a Glance NUMBER 1 IN THE WORLD 1 Global market leader with revenues of EUR 1.84 billion in 2021 Represented in all regions with 31 production sites and around 5,000 service centers Over 12,000 employees in the 1st half year 2022 Revenue split (1st HY/2022): 61% EMEA 22% NAM 6% LATAM 6%
Slide 4: Innovative and Powerful Product Portfolio
About PALFINGER INNOVATIVE AND POWERFUL PRODUCT PORTFOLIO LOADER HOOKLIFTS & TAIL TURNKEY TIMBER/RECYCLING CRANES SKIPLOADERS LIFTS SOLUTIONS PASSENGER ACCESS TRUCK MOUNTED BRIDGE INSPECTION RAILWAY SYSTEMS PLATFORMS FORKLIFTS & MAINTENANCE SYSTEMS MARINE OFFSHORE WIND DAVITS BOATS WINCHES CRANES CR
Slide 5: Industry Diversity Ensures Success
The right solution for every challenge INDUSTRY DIVERSITY ENSURES SUCCESS Construction Industry Railway Offshore Wind Aquaculture & Fishing Forestry & Agriculture Transport & Logistics Waste Mgmt. & Recycling Passenger Cargo infrastructure Public Sector Offshore / Oil and Gas 5
Slide 6: Sustainability Council Implements Sustainability Strategy
Sustainability SUSTAINABILITY COUNCIL IMPLEMENTS SUSTAINABILITY STRATEGY FOR THE LIVING PLANET WE FOR ALL THE PEOPLE FOR THE FUTURE-FORWARD ALL DEPEND ON WE TOUCH WAY OF DOING BUSINESS Fewer emissions Safe & healthy on all levels Committed to our values Positive impact on Qualified & diverse Focus o
Slide 7: Strong Performance Despite a Volatile Environment
2021 1st HY/2022 At a Glance at a Glance STRONG PERFORMANCE DESPITE A VOLATILE ENVIRONMENT THE UNSTABLE SUPPLY CHAIN ENVIRONMENT MARKED BY RECORD REVENUE AND LEADS TO HIGH UKRAINE WAR AND RISING RECORD ORDER BACKLOG STOCK LEVELS MATERIAL COSTS 29/07/22 PALFINGER Publication of Results 1st HY/2022 7
Slide 8: Operational Highlights in the 1st Half Year
Key events 1st HY/2022 OPERATIONAL HIGHLIGHTS IN THE 1ST HALF YEAR Acquisition of minority shares in the French Guima Palfinger S.A.S. and in the Portuguese Comercio e Aluguer de Maquinas, S. A. supports GLOBAL PALFINGER ORGANIZATION (GPO) PALFINGER 90th anniversary event week with 6,000 visitors Ne
Slide 9: Felix Strohbichler, CFO
FELIX STROHBICHLER CFO 29/07/22 PALFINGER Publication of Results 1st HY/2022
Slide 10: Segment Sales & Service
SEGMENT SALES & SERVICE Vision and Strategy 2030 29/07/22 PALFINGER Publication of Results 1st HY/2022
Slide 11: Record Order Backlog Despite Slower Markets
Segment Sales & Service RECORD ORDER BACKLOG DESPITE SLOWER MARKETS 1 Record order backlog for the first half of the year, market demand slows due to global economic developments in the 2nd quarter 1 2 Revenue growth impacted by price increases and exchange rate effects 2 From January 2023, the dyna
Slide 12: All-Time High Half Year Revenue
Segment Sales & Service ALL-TIME HIGH HALF YEAR REVENUE in EUR million 1st HY/2020 1st HY/2021 1st HY/2022 Δ% External revenue 683.0 823.9 931.4 +13.0% EBITDA 75.1 99.7 72.3 -27.4% EBIT 49.9 82.5 60.8 -26.3% EBIT margin 7.3% 10.0% 6.5% – 29/07/22 PALFINGER Publication of Results 1st HY/2022 12
Slide 13: Segment Operations
SEGMENT OPERATIONS Vision and Strategy 2030 29/07/22 PALFINGER Publication of Results 1st HY/2022
Slide 14: Unstable Supply Chain Limits Production
Segment OPERATIONS UNSTABLE SUPPLY CHAIN LIMITS PRODUCTION Material, personnel, and capacity bottlenecks lead to temporary production 1 cuts in the EMEA region, output still at a good level 2 Ukraine war leads to increased material costs and sharpens supply chain problems 3 Unstable supply chain lea
Slide 15: Strong Performance in Production for Third Parties
Segment OPERATIONS STRONG PERFORMANCE IN PRODUCTION FOR THIRD PARTIES in EUR million 1st HY/2020 1st HY/2021 1st HY/2022 Δ% External revenue 46.8 60.2 107.6 +78.7% EBITDA 20.0 44.8 50.3 +12.3% EBIT 2.2 27.6 31.0 +12.3% 29/07/22 PALFINGER Publication of Results 1st HY/2022 15
Slide 16: Unit Holding
UNIT HOLDING Vision and Strategy 2030 29/07/22 PALFINGER Publication of Results 1st HY/2022
Slide 17: Earnings Positively Driven by Exchange Rates and One-Off Effects
HOLDING Unit EARNINGS POSITIVELY DRIVEN BY EXCHANGE RATES AND ONE-OFF EFFECTS in EUR million 1st HY/2020 1st HY/2021 1st HY/2022 Δ% EBITDA -10.2 -11.3 -4.3 +61.9% EBIT -13.4 -18.0 -11.6 +35.6% 29/07/22 PALFINGER Publication of Results 1st HY/2022 17
Slide 18: PALFINGER Group
PALFINGER GROUP Vision and Strategy 2030 29/07/22 PALFINGER Publication of Results 1st HY/2022
Slide 19: Record Revenues — EBIT Impacted by Cost Increase and Deferred Price Effects
PALFINGER Group RECORD REVENUES — EBIT IMPACTED BY COST INCREASE AND DEFERRED EFFECT OF PRICE INCREASES Δ% in EUR million 1st HY/2020 1st HY/2021 1st HY/2022 2021/22 Revenue 729.8 884.1 1,039.0 +17.5% EBITDA 84.9 133.5 119.5 -10.5% EBITDA margin 11.6% 15.1% 11.5% - EBIT (operating income) 38.7 92.1
Slide 20: Investments Significantly Above Previous Year's Level
PALFINGER Group INVESTMENTS SIGNIFICANTLY ABOVE PREVIOUS YEAR’S LEVEL 29/07/22 PALFINGER Publication of Results 1st HY/2022 20
Slide 21: High Stock Levels Lead to Sharp Rise in Financing Volume
PALFINGER Group HIGH STOCK LEVELS LEAD TO SHARP RISE IN FINANCING VOLUME – HIGHLY ATTRACTIVE INTEREST RATE STRUCTURE in EUR million 06/30/2020 06/30/2021 06/30/2022 Financial liabilities 1) 572.0 491.2 686.6 Ø interest debt 2) 1.49%2) 1.35% 1.25% Ø Remaining term debt 4.43 years 3.55 years 3.02 year
Slide 22: Reversal of Cross-Holding and Acquisition of Minority Interests Reduce Equity
PALFINGER Group REVERSAL OF CROSS-HOLDING AND ACQUISITION OF MINORITY INTERESTS REDUCE EQUITY 06/30/2020 06/30/2021 06/30/2022 Equity ratio 38.8% 39.3% 34.6% Gearing 79.4% 57.7% 88.2% Net debt/EBITDA 2.62 1.63 2.63 ROCE 6.8% 11.1% 9.0% In accordance with IFRS, slight rounding differences possible. 2
Slide 23: Massively Increased Working Capital Leads to High Negative Free Cash Flow
PALFINGER Group MASSIVELY INCREASED WORKING CAPITAL LEADS TO HIGH NEGATIVE FREE CASH FLOW 1st 1st 1st in EUR million HY/2020 HY/2021 HY/2022 EBTDA 76.5 129.0 114.3 +/- non-cash income from at-equity companies -1.5 -4.5 9.9 +/- change in working capital -6.3 -28.9 -110.5 +/- cash flow from tax paymen
Slide 24: Outlook 2022
OUTLOOK 2022 ANDREAS KLAUSER CEO 24
Slide 25: Revenue of EUR 2 Billion Targeted
Outlook 2022 REVENUE OF EUR 2 BILLION TARGETED Order backlog extends into Q2 2023 and enables revenue target of EUR 2 billion Further price increases will be effective in the 2nd half year Extremely high volatility and uncertainties continue due to geopolitical situation and macroeconomic developmen
Slide 26: Financial Targets 2024
Outlook 2024 FINANCIAL TARGETS 2024 #1 Market Leader for Crane and Lifting Solutions EUR 2.3 billion 10% 12% Revenue from EBIT margin ROCE organic growth 29/07/22 PALFINGER Publication of Results 1st HY/2022 26
Slide 27: The Key Pillars of Our Vision 2030
Vision and Strategy 2030 THE KEY PILLARS OF OUR VISION 2030 — REVENUE TARGET EUR 3 BILLION #1 Market Leader for Crane and Lifting Solutions Go for Solutions Go Digital STRONG STRONG COMMITMENT TO Based on: ROOTS BRAND SUSTAINABILITY 29/07/22 PALFINGER Publication of Results 1st HY/2022 27
Slide 28: Stay Healthy!
STAY HEALTHY! 29/07/22 PALFINGER Publication of Results 1st HY/2022
Slide 29: Investor Relations and Press Contact
INVESTOR RELATIONS AND PRESS CONTACT ANDREAS KLAUSER FELIX STROHBICHLER HANNES ROITHER CEO CFO GROUP SPOKESPERSON +43 662 2281-81008 +43 662 2281-81006 +43 662 2281-81100 a.klauser@palfinger.com f.strohbichler@palfinger.com h.roither@palfinger.com PALFINGER AG Lamprechtshausener Bundesstraße 8 This