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Vincorion — H1 2026 Earnings Presentation
18 slides from Vincorion's earnings presentation, Aug 13, 2026
Slide 1: H1 2026 Results
H1 2026 RESULTS 13 AUGUST 2026 Kajetan von Mentzingen Dieter Holst CEO CFO WE POWER YOUR MISSION
Slide 2: Disclaimer
DISCLAIMER By accessing this presentation, you agree to be bound by the following limitations. This presentation has been prepared for information and background purposes only. It does not constitute or form part of, and should not be construed as, an offer of, a solicitation of an offer to buy, or
Slide 3: Business Update
01 BUSINESS UPDATE Kajetan von Mentzingen CEO
Slide 4: Two Strong Quarters Drive H1
TWO STRONG QUARTERS DRIVE H1 H1 2026 in a nutshell 1 Continued revenue momentum shows successful ramp-up € ~€1.2b +€ 131m vs. year-end 2025 Total order backlog FY 2026 revenue trending towards 2 upper end of guidance range 3 Strong adj. Q2 EBIT at upper end of €150.2m guidance range +42% vs. H1 2025
Slide 5: Highlights Q2 - Our Systems Are at the Heart of Modern Warfare
HIGHLIGHTS Q2 26 - OUR SYSTEMS ARE AT THE HEART OF MODERN WARFARE Vehicle Systems Power Systems Aviation H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 Revenue111 €42.2m €72.6m Revenue1 €32.7m €46.2m Revenue1 €32.7m €33.2m +72% +41% +1.5% ▪ Delivering on ramp-up – Industrialization efforts ▪ Delive
Slide 6: Financial Overview
02 FINANCIAL OVERVIEW Dieter Holst CFO
Slide 7: Vincorion's Financial Snapshot
VINCORION’S FINANCIAL SNAPSHOT Financial KPIs Key highlights €m Q2-25 Q2-26 H1-25 H1-26 ▪ Fixed order backlog increased, driven by large customer awards for stabilization products Order intake 33.9 180.9 72.7 330.2 ▪ Q2 topline growth accelerated further, Revenue 56.2 81.2 105.5 150.2 underpinned
Slide 8: Strong Order Backlog Reflecting High Demand and Contract Conversion
STRONG ORDER BACKLOG REFLECTING HIGH DEMAND AND CONTRACT CONVERSION Total order backlog (€m) Comment Total order backlog to revenue ratio1 ▪ Continued strengthening of the ~4.2x total order backlog vs. Q1 2026 174 1.205 ▪ Fixed order backlog benefiting +22 vs. Q1-26 from strong order conversion, led
Slide 9: Winning New Business. Delivering for Customers
WINNING NEW BUSINESS. DELIVERING FOR CUSTOMERS Order Entry (€m) Revenue (€m) Comment ▪ Exceptionally strong Order Entry +354% +42% from contract awards for 330 150 stabilization products in the Vehicles Segment that converted from soft into fixed order backlog +434% +44% 105 ▪ Substantial top-line g
Slide 10: Profit Growth Driven by Strong Business Execution
PROFIT GROWTH DRIVEN BY STRONG BUSINESS EXECUTION Adjusted Gross Profit1 (€m) Adjusted EBIT (€m) Comment Adj. Gross Profit margin Adj. EBIT margin ▪ Profit expansion driven by 32.9% 29.5% 31.2% 29.3% 21.1% 19.7% 20.3% 18.9% Revenue growth +34% +33% ▪ YoY variance in adjusted Gross Profit margin attr
Slide 11: Strong Segment Development with Solid Gross Profit Performance
STRONG SEGMENT DEVELOPMENT WITH SOLID GROSS PROFIT PERFORMANCE Revenue (€m) Adj. Gross Profit (€m) Comment ( ) adj. GP margin in % of Revenue segment revenue ▪ Vehicle Systems: growth led by +42% stabilization products for Leopard 2 +34% 44 (29%) 150 ▪ Power Systems: growth fueled by 7 power generat
Slide 12: Seasonal Cash Profile with Q2 Tailwind from Customer Advances
SEASONAL CASH PROFILE WITH Q2 TAILWIND FROM CUSTOMER ADVANCES Key cash flow items (€m) Comment Q2-25 Q2-26 H1-25 H1-26 ▪1 Strong Adj. EBITDA expansion reflecting continued Adj. EBITDA1 1 13.9 18.2 25.5 32.7 business growth Reversal of (1.2) (0.0) (1.9) 0.6 ▪ CAPEX increased to enable the ramp-up and
Slide 13: FY2026 Guidance
FY2026 GUIDANCE FY 2026 Guidance Mid-term target1 Revenue €280-320m (at upper end) >15% CAGR Adj. EBIT2 ~18-19% ~20% Margin (confirmed) 13 1. 2026 onwards; 2. Adjusted EBIT is defined as earnings before interest and tax (EBIT), adjusted to exclude PPA Effects and certain items that management consid
Slide 14: Conclusion
CONCLUSION VINCORION delivering profitable growth Strong order backlog providing revenue visibility FY 2026 revenue targeting towards upper end of guidance 14
Slide 15: Q&A
Q&A
Slide 16: Key Take-Aways
KEY TAKE-AWAYS VINCORION delivers We’re at heart of modern warfare We’re onboarding great talent and have a committed team that is filled with purpose
Slide 17: Contact
Contact Upcoming IR Events 13 August 2026 H1 2026 Interim Report 11 November 2026 Q3 2026 Quarterly Statement FELIX ZANDER HEAD OF INVESTOR RELATIONS More Information IR@VINCORION.COM https://ir.vincorion.com/en
Slide 18: Appendix
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