Wacker Neuson Se · XETR:WAC
Wacker Neuson — Wacker Neuson Se Namen Ak — Q4 2025 Earnings Presentation
20 slides from Wacker Neuson's earnings presentation, Mar 26, 2026
Slide 1: Full Year 2025 Earnings Call & Webcast
Wacker Neuson Group – Full Year 2025 Earnings Call & Webcast Dr. Karl Tragl (CEO), Christoph Burkhard (CFO) March 26, 2026
Slide 2: Overview Q4/2025 and Fiscal year 2025
Overview Q4/2025 and Fiscal year 20251 Q4/2025 FY/2025 Revenue Revenue Revenue on previous year‘s level as expected. € 593.6 m € 2,218.8 m Recovery in Europe in H2/2025. (+15.8% YoY) (-0.7% YoY) EBIT margin EBIT margin EBIT margin at 6.0% above previous year due to lower operating costs; adjusted 5.
Slide 3: YoY-Growth of the segments Light Equipment and Services
YoY-Growth of the segments Light Equipment and Services Compact Equipment: Light Equipment: Services: 56% of Group revenue1 21% of Group revenue1 23% of Group revenue1 in € m -2% in € m in € m 1,284.6 +2% +1% 1,254.6 513.2 520.7 452.7 460.2 FY/2024 FY/2025 FY/2024 FY/2025 FY/2024 FY/2025 1 FY/2024:
Slide 4: Signs of recovery in the Europe region
Signs of recovery in the Europe region Americas: Europe: Asia-Pacific: 19% of Group revenue1 79% of Group revenue1 2% of Group revenue1 in € m in € m +1% in € m -6% -16% 1,731.7 1,753.1 450.7 52.5 421.6 44.1 FY/2024 FY/2025 FY/2024 FY/2025 FY/2024 FY/2025 1 FY/2024: Americas 20%; Europe 77%; APAC 2%
Slide 5: Net working capital ratio in line with strategic target
Net working capital ratio in line with strategic target As of December 31, 2025 NWC ratio (annualized)1 34.6% 35.5% 29.7% 31.4% 27.2% NWC ratio (LTM)2 31.7% 32.8% 32.8% 32.4% 29.2% [€ m] 750 700 650 600 550 500 Inventories Net working capital 31.12.2024 31.03.2025 30.06.2025 30.09.2025 31.12.2025 1
Slide 6: Again sound free cash flow generation
Again sound free cash flow generation € 202 m € 185 m Free cash flow Net financial debt1 0.6 Net financial debt/ EBITDA2 1 Net financial debt = Non-current financial liabilities + Current liabilities to banks + Current portion of non-current liabilities - Cash and cash equivalents. 2 Net financial
Slide 7: Commitment to sustainable and attractive dividend payouts
Commitment to sustainable and attractive dividend payouts Dividend per share and payout ratio 6.00 58% 61% 5.00 42% 4.00 3.00 2.73 2.00 1.15 1.04 1.14 1.00 0.60 0.70 0.00 0% 2023 2024 2025 Earnings per share in € Dividend per share in € Payout ratio ▪ Dividend policy with focus on offering our share
Slide 8: Operational highlights 2025
Operational highlights 2025 100 years of Kramer Trade fairs and events: closer to John Deere cooperation: further New Wacker Neuson, Weidemann the customer milestones completed and Kramer products successfully launched in 2025 ▪ Kramer celebrated 100 years and ▪ High number of visitors at the ▪ Firs
Slide 9: Outlook 2026
Outlook 2026 Current order intake and order book above previous year Wacker Neuson Group Guidance 2026 Investments in infrastructure and residential construction lead to recovery in EU construction industry in the medium-term Revenue EBIT margin CECE business climate index for the European construc
Slide 10: The Wacker Neuson Group Strategy 2030
The Wacker Neuson Group Strategy 2030 What we want to achieve – in figures > 11 % € 4 bn ≤ 30 % EBIT margin Strategy 2030: How we plan on achieving it – strategic levers Revenue NWC ratio 1 Reassessment Light Equipment Market Leadership 2 Solutions of the underlying zero emission 3 Time to Market an
Slide 11: Key takeaways
Key takeaways Action taken: with improved working capital management and 1 operational efficiency prepared to benefit in the expected upswing Outlook 2026: moderate revenue increase and EBIT margin improvement, 2 markets still influenced by US tariff policy and geopolitical uncertainties Focus on in
Slide 12: Driving Progress – Building Success
Nobody is perfect, but a team can be! Driving Progress – Building Success Wacker Neuson SE, FY/2025 Earnings Call & Webcast, March 26, 2026 12
Slide 13: Financial calendar and contact
Financial calendar and contact May 7, 2026 Publication of Quarterly Statement Q1/2026, Earnings Call May 13, 2026 Annual General Meeting, Munich August 13, 2026 Publication of Half-Year Report H1/2026, Earnings Call November 12, 2026 Publication of Nine-month Statement 9M/2026, Earnings Call Disclai
Slide 14: Appendix
Appendix Wacker Neuson SE, FY/2025 Earnings Call & Webcast, March 26, 2026 14
Slide 15: Revenue and profitability – Q4/2025 and FY/2025
Revenue and profitability – Q4/2025 and FY/20251 Profitability in Q4/2025 burdened by one-off effects Comments Revenue EBIT [€ m] margin Revenue: 700 20% • Q4/2025 revenue increased by 15.8% compared to previous year 593 612 581 594 600 550 518 513 494 • FY/2025 revenue nearly on previous year‘s lev
Slide 16: Development of regions and business segments – FY/2025
Development of regions and business segments– FY/2025 Recovery in the region Europe Comments Revenue Share YoY EBIT1 Revenue Europe (EMEA) +1.2% YoY [€ m] (adj. for FX effects: +1.3%) Europe 1,753.1 79% +1% 102.5 • Higher revenues in H2/2025 compared to previous year Americas 421.6 19% -6% 4.9 • Dem
Slide 17: Development of NWC components – FY/2025
Development of NWC components – FY/2025 Inventories Trade receivables Inventories DIO1 Trade receivables DSO2 [€ m] [Days] [€ m] [Days] 1,000 400 500 200 780 387 384 800 726 400 665 622 300 318 328 317 150 616 594 612 614 298 600 300 254 269 157 143 152 142 146 200 100 123 132 122 60 400 200 57 56 5
Slide 18: NWC and cash flow development – FY/2025
NWC and cash flow development – FY/2025 Net working capital (LTM) Cash flow from operating activities Net working capital Net working € 305 m [€ m] capital ratio1 € 268 m 1,000 918 906 100% 200 808 133 800 709 80% 150 700 691 692 110 108 647 100 63 600 60% 61 61 50 36 36% 36% 34% 33% 33% 32% 32% 1 4
Slide 19: Financial structure development – FY/2025
Financial structure development – FY/2025 Net financial debt and gearing Net financial debt / EBITDA (LTM)3 Net financial debt1 Gearing2 [€ m] 500 466 100% 1.6 1.4 402 390 1.4 1.3 400 80% 1.1 1.1 1.1 1.1 311 299 1.2 298 300 258 60% 1.0 0.9 185 0.8 0.6 200 32% 40% 26% 26% 0.6 21% 20% 20% 17% 100 12%
Slide 20: The Wacker Neuson SE share
The Wacker Neuson SE share Share price development vs. relevant indices1 Dividend payout 300% 4.00 41% +68% 53% 48% 42% 58% 61% 0% 45% 3.50 200% 3.00 2.73 180% 160% 2.50 2.10 3 2.06 1.99 140% 2.00 0.65 120% 1.50 1.26 1.15 1.14 2 1.10 1.00 1.04 100% 1.00 0.50 0.90 0.70 2 0.60 0.60 80% 0.501.41 0.20 6
Wacker Neuson Se Namen Ak — Q4 2025 Earnings Presentation on 6ix