Deutz Ag · XETR:DEZ
Deutz — Q1 2025 Earnings Presentation
27 slides from Deutz's earnings presentation, Apr 30, 2025
Slide 1: DEUTZ Q1 2025 results
DEUTZ Q1 2025 results April 30, 2025
Slide 2: Disclaimer
Disclaimer Unless stated otherwise, all the figures given in this presentation refer to continuing operations. The details given in this document are based on the information available at the time it was prepared. This presents the risk that actual figures may differ from forward-looking statements.
Slide 3: Agenda: Overview & current development
AGENDA Overview & current development Dr. Sebastian C. Schulte Dr. Sebastian C. Schulte | CEO 3 DEUTZ Geschäftszahlen FY 2024 | 20. März 2025
Slide 4: Q1 2025: Robust performance in continuously challenging environment
Q1 2025: Robust performance in continuously challenging environment New orders Revenue EBIT margin1 FCF2 €546.1 million €489.0 million 4.3% €23.4 million +30.3% year-on-year, +7.5% y-o-y -1.8pp y-o-y, negative scale +€18.3 million y-o-y, driven by contribution of due to strong service effects signif
Slide 5: Dual+ strategy progressing – environment remains volatile
Dual+ strategy progressing – environment remains volatile ▪ Business Unit Energy continues excellent performance driven by Blue Star Power Systems ▪ Acquisition of UMS, announced beginning of Q2, will substantially broaden the footprint of the New Technology business ▪ HJS Emission Technology consol
Slide 6: US business is a cornerstone of our Dual+ strategy
US business is a cornerstone of our Dual+ strategy DEUTZ revenues in the USA ▪ DEUTZ’ US business expected to show significant continuing growth in the upcoming years Energy ▪ Longer-lasting need for combustion engines in US work 26% equipment to prevail due to large geography, partially Q1 2025: re
Slide 7: Acquisition of Urban Mobility Systems – UMS
Acquisition of Urban Mobility Systems – UMS Application examples ▪ Innovation leader in battery-electric drives primarily for the off-highway sector Excavators & Articulated Loaders Asphalt & Rollers ▪ Purchase of 100% stake in UMS by DEUTZ signed on April 6, 2025; closing expected in Q2 – all regul
Slide 8: UMS enables electrification in on- and off-road applications
UMS enables electrification in on- and off-road applications Overview Revenue breakdown 2024, in % ▪ Development and assembly of electrification Business 16 14 Prototyping area solutions for on- and off-highway vehicles 11 Conversion/ Pilot Series Electrification kits ▪ >200 machines such as excavat
Slide 9: UMS offers opportunities in the defense sector
UMS offers opportunities in the defense sector ▪ Opportunity for new defense applications ▪ Initial feasibility studies launched with relevant partners ▪ Idea: Equipping military vehicles like the Bushmaster troop transporter with a hybrid solution for tactical reasons – electric drive allows for lo
Slide 10: Q1 2025 in numbers
Q1 2025 in numbers Oliver Neu DEUTZ Geschäftszahlen FY 2024 | 20. März 2025
Slide 11: Future Fit cost program: >€20 million to be achieved in current year
Future Fit cost program: >€20 million to be achieved in current year Cost program (in € million) 50 50 ▪ On track in measure implementation ▪ Overall reduction of ~300 FTE planned, I Classic R&D 20 20 in thereof ~50 FTE outside Germany 2025 ▪ As of now, already ~75 termination contracts in Germany a
Slide 12: DEUTZ Group – Q1 2025 business figures
DEUTZ Group – Q1 2025 business figures New orders Revenue Adjusted EBIT1 in € million In € million in € million (margin in %) +30.3% +7.5% -24.2% 546.1 489.0 27.7 454.7 419.2 21.0 6.1% 4.3% Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 ▪ New orders driven by portfolio development; book-to-bill rat
Slide 13: Segment DEUTZ Engines & Services
Segment DEUTZ Engines & Services Engines & Services ▪ Engines in € million Q1 2024 Q1 2025 ▪ 30,630 units sold (-19.2% y-o-y) ▪ Significantly lower production volume (-25.7% y-o-y) New orders 408.7 475.9 resulting into negative economies of scale ▪ HJS2 consolidated from beginning of January 2025 Re
Slide 14: Segment DEUTZ Solutions
Segment DEUTZ Solutions Solutions ▪ Energy in € million Q1 2024 Q1 2025 ▪ Positive order momentum, including major order, resulting in book-to-bill ratio for Energy of 1.7 New orders 10.5 70.2 ▪ Revenue of €38.9 million (Q1 2024: €3.9 million) ▪ Adjusted EBIT of €3.5 million2 Revenue 5.0 40.9 ▪ New
Slide 15: R&D spending, capital expenditure, and working capital
R&D spending, capital expenditure, and working capital Net R&D spending1 Capital expenditure1,2 Working capital in € million in € million in € million -11.0% -2.0% 25.4 -18.0% 383.0 375.5 22.6 20.0 5.6% 4.9 16.4 21.1% 1.0 20.3% 4.6% Q1 2024 Q1 2025 Q1 2024 Q1 2025 31.12.2024 31.03.2025 R&D ratio The
Slide 16: Cash flow and net debt
Cash flow and net debt Cash flow from Free cash flow1 Net debt2 in € million in € million operating activities in € million +24.7 -15.4 225.6 50.9 +18.3 210.2 23.4 86.9 83.1 26.2 Thereof leases 5.1 Thereof leases Q1 2024 Q1 2025 Q1 2024 Q1 2025 31.12.2024 31.03.2025 ▪ Operating cash flow: Working Ca
Slide 17: Balance sheet, financing and dividend
Balance sheet, financing and dividend Equity1 Leverage2 Dividend per share in € million Net debt3/EBITDA LTM4 in € 1,754 1,683 0.17 0.17 50.4% 1.3 1.3 0.15 47.4% 848 832 0.8 0.6 31.12.2024 31.03.2025 2022 2023 2024 Q1 2025 2022 2023 20245 Total assets Equity % Equity ratio ▪ Equity ratio lower at 47
Slide 18: Agenda: Guidance for 2025
AGENDA Guidance for 2025 Dr. Sebastian C. Schulte Dr. Sebastian C. Schulte | CEO 18 DEUTZ AG | Q1 2025 results | April 30, 2025
Slide 19: Guidance 2025 confirmed despite macroeconomic uncertainty
Guidance 2025 confirmed despite macroeconomic uncertainty Guidance 2025 ▪ Economic recovery expected in the second half of 2025 €2.1 to €2.3 billion thereof €2.0 to €2.2 billion in the DEUTZ Revenue ▪ Sustainable cost savings of at Engines & Services segment and €150 to €200 least €20 million from F
Slide 20: Upcoming Annual General Meeting 2025
Upcoming Annual General Meeting 2025 ▪ Virtual AGM on May 8, 2025 ▪ Dividend proposal of €0.17 per share (in line with new dividend policy) ▪ Proposals for capital authorizations largely renew previous status prior to capital increase 2024 ▪ AGM 2026 will be held as an in-person meeting in Cologne 2
Slide 21: Thank you for your attention! Any questions?
Thank you for your attention! Any questions?
Slide 22: Financial calendar and contact details
Financial calendar and contact details Financial calendar Contact Annual General Meeting (virtual) May 8, 2025 Investor Relations H1 2025 interim report August 7, 2025 +49 (0) 221 822-3600 2025 Q3 2025 quarterly statement November 6, 2025 ir@deutz.com Follow us on ANNUAL REPORT 2024 DEUTZ 2024 – THE
Slide 23: Appendix
— Appendix
Slide 24: Q1 2025: Revenue breakdown by application and region
Q1 2025: Revenue breakdown by application and region Revenue by application segment1 Revenue by region1 Q1 2025 (Q1 2024) Q1 2025 (Q1 2024) Stationary Equipment Miscellanous Africa/Middle East Europe (ex Germany) 11.7% (6.2%) 9.0% (3.1%) 4% (4%) 32% (35%) €56.9 million €44.0 million €19.2 million €1
Slide 25: Future Fit: Potential confirmed in all areas
Future Fit: Potential confirmed in all areas Field Details I R&D costs in the €20 million Flexibilization and reduction of capacities and costs – through Classic segment offshoring, nearshoring and reduction of jobs in Cologne II More focused spending €10 million Alignment of product development bud
Slide 26: Dual+ strategy incorporates mid-term targets 2028 and ambitions 2030
Dual+ strategy incorporates mid-term targets 2028 and ambitions 2030 Mid-term revenue ambition (in € billion) ▪ Solutions expected to grow at 30% CAGR until 2030; more than €500 +13% CAGR ~4.0 million in revenue expected from Energy 3.2-3.4 21% Solutions – growth driven both organically and by acqui
Slide 27: DEUTZ AG | Q1 2025 results
DEUTZ AG | Q1 2025 results | April 30, 2025