Iochpe Maxion S.a. · BMFBOVESPA:MYPK3
Iochpe Maxion — Q2 2026 Earnings Presentation
23 slides from Iochpe Maxion's earnings presentation, Aug 6, 2026
Slide 1: Iochpe-Maxion 2Q26 Earnings
Iochpe-Maxion 2Q26 Earnings August 06, 2026 ADR: IOCJY
Slide 2: 2Q26 Executive Overview
2Q26 Executive Overview • Resilient performance − Disciplined execution of cost savings − North America recovery supported by improving CV demand and strong aluminum wheel performance • Financial discipline and shareholder focus − Solid liquidity and lower net debt reinforce financial flexibility an
Slide 3: Market – Global Vehicle Production
Market – Global Vehicle Production Light Vehicles¹ Commercial Vehicles² (Unit in millions) (Unit in thousands) +2% +1% +4% -2% 0% +2% +7% -2% +1% +1% +4% +3% 4.137 95 97 98 3.982 4.061 4.060 93 91 92 93 3.709 3.464 3.608 2025 2026 2027 2028 2029 2030 2031 2025 2026 2027 2028 2029 2030 2031 Global pr
Slide 4: 2Q26 Highlights
2Q26 Highlights Gross Profit Leverage¹ Net Revenue R$ 485.5 million EBITDA 2.52x R$ 4.0 billion with a margin of R$ 417.5 million compared to 12.1% with a margin of Sustained revenue 2.49x levels despite FX 10.4% in 1Q26 headwinds and softer Solid margin but still CV demand in Brazil, some lower fix
Slide 5: Revenue by Product
Revenue by Product Structural Components LV 3% 3% 3% 3% Structural Components CV 18% 17% 19% 17% Steel Wheels LV 25% 24% 25% 24% 20% 20% Steel Wheels CV 20% 20% Aluminum Wheels LV 34% 36% 33% 36% 2Q25 2Q26 1H25 1H26 Growth in LV products and aluminum wheels helped offset (still) softer CV demand, re
Slide 6: Revenue by Customer
Revenue by Customer Customer 2Q25 2Q26 Top 1 12% 12% 12.2% Top 5 49% 51% 11.7% Top 10 76% 78% 10.0% 10.1% 9.9% 10.0% 9.9% 9.6% 2Q25 2Q26 9.3% 8.7% 8.5% 8.4% 8.3% 8.2% 5.6% 4.9% 4.5% 4.6% 4.5% 4.0% 3.9% 3.3% 2.6% 2.6% 2.7% 2.6% 2.1% 1.8% 1.7% 1.7% 1.6% 1.5% 1.3% 1.3% 1.2% 1.0% 1.1% 0.9% 1.1% 1.0% Aft
Slide 7: Operational Performance – South America
Operational Performance America South America Share of Consolidated Net Operating Revenue – (%) Net Operating Revenue 2Q25 2Q26 2Q26 Strong LV demand supported revenue R$ 1.1 billion growth despite weaker 4.6% vs 2Q25 CV markets in Brazil. Brazilian Market Performance¹ – Vehicles Produced (in thousa
Slide 8: Operational Performance – North America
Operational Performance America North America Share of Consolidated Net Operating Revenue – (%) Net Operating Revenue Aluminum wheel 2Q25 2Q26 2Q26 performance and R$ 1.0 billion improving CV activity 0.6% vs 2Q25 support profitability Market Performance¹ – improvement. Vehicles Produced (in thousan
Slide 9: Operational Performance – EMEA
Operational Performance America EMEA¹ Share of Consolidated Net Operating Revenue – (%) Net Operating Revenue 2Q25 2Q26 2Q26 CV gains offset softer R$ 1.4 billion European vehicle production environment. 6.2% vs 2Q25 Market Performance² – Vehicles Produced (in thousands) 2Q25 2Q26 Var. - 8.8% light
Slide 10: Operational Performance – Asia
Operational Performance America Asia Share of Consolidated Net Operating Revenue – (%) Net Operating Revenue India remains Maxion's 2Q25 2Q26 2Q26 key growth engine, R$ 353 million supported by new 22.3% vs 2Q25 launches and increasing Market Performance² – markets. Vehicles Produced (in thousands)
Slide 11: Gross Profit and Gross Margin (%)
Gross Profit and Gross Margin (%) 13.0% 12.1% 12.2% 11.9% -5.2% -9.2% 978 927 Margins impacted by lower 535 486 CV volumes in in Americas 2Q25 2Q26 1H25 1H26 Note: Financial information reported in Brazilian Reais (R$) millions. CV: commercial vehicles 11
Slide 12: EBITDA and EBITDA Margin (%)
EBITDA and EBITDA Margin (%) 11.0% 10.4% 10.0% 9.9% -3.8% -7.3% Disciplined cost management helped 805 775 mitigate gross margin pressure and 450 418 preserve profitability. 2Q25 2Q26 1H25 1H26 Note: Restructuring costs amounted to R$ 5.3 million in 2Q26 compared to R$ 7.0 million in 2Q25, and an Im
Slide 13: Net Income
Net Income 2.1% 2.2% 1.2% 1.2% 97,714 90,789 86,822 86,869 2Q25 2Q26 1H25 1H26 Note: Financial information reported in Brazilian Reais (R$) thousands. 13
Slide 14: Investments
Investments -20.9% -43.4% 244 193 Capex in line with full year targets. 143 Managing timing between 1H and 2H. 81 2Q25 2Q26 1H25 1H26 Note: Financial information reported in Brazilian Reais (R$) millions. 14
Slide 15: Leverage – Net Debt / EBITDA
Leverage – Net Debt¹/ EBITDA Net Debt EBITDA LTM² Net Debt/ EBITDA 2.93 2.55 2.65 2.49 2.52 2.39 2.34 2.38 3,675 3,637 3,661 3,867 3,932 3,959 3,719 3,685 1,253 1,524 1,562 1,679 1,625 1,493 1,496 1,459 2023 2024 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26³ ¹ Considers net debt + derivative financial instruments
Slide 16: Gross Debt
Gross Debt Composition Maturity¹ (in millions) 1% 3.299 2.628 21% 760 Dollar 32% Reais 807 1.868 665 Euro 424 191 168 Other currencies Cash 2026 2027 2028 2029 2030 2031 to 2040 Undrawn credit lines 46% Average Debt Maturity: 3.1 years Term Maturity¹ Pro forma² (in millions) 4.7% 2.721 2.723 6.3% 76
Slide 17: Castaños, Mexico, Components
Castaños, Mexico, Components Ready for North America truck growth Expansion strengthens our ability to meet the growing demand and better support our customers, while creating room for new business. Automation boosts competitiveness across the value chain, improving our cost position while supportin
Slide 18: Cruzeiro Structural Components
Cruzeiro Structural Components New business and automation Co-develop for new business ● Automation for increasing competitiveness ● Execution 2027-2028 18
Slide 19: India Truck
India Truck Growing at the existing location in Pune Capacity expansion to address already sold additional volume ● Execution in 2H26-1H27 19
Slide 20: India Light Vehicle Aluminum
India Light Vehicle Aluminum Further expanding the new factory Capacity expansion to address already realized new business wins ● Growing shares in premium LV ● Execution in 2H26 – 1H27 LV: light vehicles 20
Slide 21: South Africa Light Vehicle Aluminum
South Africa Light Vehicle Aluminum New business and solar energy Many new product launches planned for next 18 months, capacity is in place ● Energy efficient heat treatment ● Solar energy for sustainability and stability 21
Slide 22: 2Q26 Business Summary
2Q26 Business Summary GLOBAL Disciplined execution, cost competitiveness RESILIENCE and operational flexibility enabled Maxion + DISCIPLINE to navigate dynamic market conditions North America coming back, Maxion very well positioned REGIONAL South America LV strong and truck stabilizing, MOMENTUM Ma
Slide 23: MAXION
MAXION