Kone Oyj Class B · OMXHEX:KNEBV
Kone Oyj Class B — Merger or Acquisition (April 2026)
17 slides from Kone Oyj Class B's merger presentation, April 2026
Slide 1: KONE and TKE – Rise together
KONE and TKE= Rise together ] i
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only. This presentation does not constitute a notice to an extraordinary general meeting, an offer document, or a prospectus and as such, does not constitute or form part of and should not be construed as, an offer to sell, or the solicitation
Slide 3: Creating a world-class company in the Elevator & Escalator industry
Creating a world- class company in the Elevator & Escalator industry KONE and TKE to Significant customer Attractive shareholder Unified leadership combine in a cash and benefits driven by returns underpinned by and ownership share transaction, complementary compelling industrial continuity secure a
Slide 4: Accelerated execution of Rise to Lead strategy
Accelerated execution of Rise to Lead strategy Core market drivers Urbanization • Digitalization • Sustainability Rise to Lead Accelerate Drive Win Cut Digital Modernization Residential Carbon Aligned strategic ambition #1 for Employees & Customers • Innovation & Sustainability • Growth & Profitabil
Slide 5: TKE – a global leader with service at its core
TKE – a global leader with service at its core Strong performance track record ~65% of sales from Service and Modernization (1) +8 pts Growth in share of Service and Modernization sales (2) +3.7 pts Improvement in adj. EBIT-% (2) >1.4m E&E units under maintenance Sales (bn) 8.5 9.2 Adjusted EBIT (EU
Slide 6: Compelling industrial logic
Compelling industrial logic Balanced global ~45% KONE’s presence in Asia complemented by TKE’s presence of total sales in Americas(1) footprint in North America Enhanced innovation Industry’s 1st Combined scale and innovation accelerates development and digital capabilities Two-shaft elevator TWIN o
Slide 7: Meaningful value creation and scalable growth from synergies
Meaningful value creation and scalable growth from synergies Pre-Tax Run-Rate Synergies (EURm) Productivity from higher density of Field combined service networks Simplification of platforms and efficiencies in Product R&D and procurement Improved non-personnel spend, fixed cost absorption, SG&A and
Slide 8: An industry-revitalizing combination
An industry-revitalizing combination Combined Group (Illustrative financials, excl. synergies) Sales (EURbn) 11.2 9.2 20.5 Adj. EBIT margin 12.2% 14.8% 13.4% Serviced units (m) 1.8m 1.4m 3.2m Number of employees >60k >50k >100k NOTE:FINANCIALS ARESHOWN AS OF FY2025 , DEC-YE FOR KONE AND SEP -YE FOR
Slide 9: Increased exposure to resilient Service growth and the attractive Americas market
Increased exposure to resilient Service growth and the attractive Americas market Combined Group (Illustrative financials) Sales by business 21 % 17 % 19% FY 2025 36 % 35 % 35% New equipment Service 42% 48 % 45% 45% Modernization Sales by geography 25% 5% FY 2025 40% 45% 27% 35% 35% 35% Europe APMEA
Slide 10: Delivering significant customer benefits
Delivering significant customer benefits Competitiveness in the Best-in-class Elevating Advancing safe, volume markets high-rise offering everyday living sustainable modernization Affordable, high-quality Exceptional space efficiency Safe, independent mobility Minimized disruption and platforms with
Slide 11: Creating a stronger, more diverse global team
Creating a stronger, more diverse global team Strong cultural compatibility grounded in safety, integrity, customer focus and operational excellence Broader development opportunities across a truly global company Shared strong traditions of employee consultation and co-determination 11
Slide 12: Attractive returns for KONE shareholders
Attractive returns for KONE shareholders Resets long-term targets: combining scalable growth with an ambition of adj. EBIT margin substantially beyond current 16% target Adj. EPS accretion in first full year post-closing (1) Solid investment grade profile post completion, supported by ongoing cash g
Slide 13: Unified leadership and governance with aligned interests to drive value creation
Unified leadership and governance with aligned interests to drive value creation Leadership expertise Ownership continuity Strong governance framework • Combined group to be led by • Antti Herlin will retain control • Antti Herlin will continue as KONE’s CEO Philippe Delorme with more than 50% of th
Slide 14: Clear and ready execution model
Clear and ready execution model Strong Board-level oversight Organizational setup Defined organizational structure in place to manage integration and disciplined approach support New Head of Integration role successful integration to drive synergy realization 14
Slide 15: Overview of transaction terms
Overview of transaction terms Transaction consideration • TKE shareholders to receive EUR 5bn in cash and max. 270m newly issued class B shares valued at EUR 15.2bn (1), representing 33.8% of issued shares and 18.3% of total votes (2) in KONE • TKE’s existing net financial indebtedness of approximat
Slide 16: Pathway and timeline
Pathway and timeline April 2026 June 2026 Within 12-18 months Post completion • Signing and • Extraordinary • Expected • Integration announcement General regulatory execution and Meeting approvals synergy realization • Integration planning • Expected completion earliest Q2 2027 16
Slide 17: Shaping cities Moving people Creating value
Shaping cities Moving people Creating value Forming a world-class Best-positioned to develop Ambition to achieve elevator and escalator the next generation of industry-leading growth company to redefine the digitally-enabled and and profitability fueled by future of urban mobility. sustainable solut