TKH Group N.V. Cert · EURONEXT:TWEKA
TKH Group N.V. Cert — TKH Group — Investor Presentation (May 2026)
72 slides from TKH Group N.V. Cert's investor presentation, May 2026
Slide 1: General Investor Presentation May 2026
General Investor Presentation May 2026
Slide 2: Important information – disclaimer
Important information – disclaimer Cautionary note regarding forward looking statements Statements included in this presentation that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic perfor
Slide 3: We create next generation technologies
“We create next generation technologies that make the world more efficient and more sustainable” TKH Group NV General Investor Presentation May 2026 3
Slide 4: Agenda
Included Highlights Capital Allocation Automation | Vision Technologies Automation | Automated Machinery Electrification Financial Performance – Q1 2026 & FY2025 Outlook Appendix TKH Group NV General Investor Presentation May 2026 4
Slide 5: Highlights
Highlights TKH Group NV General Investor Presentation May 2026 5
Slide 6: Investment highlights
Investment highlights 1 2 3 4 5 6 Advanced Strong Value creation TKH’s future Electrification Solid financial technology leader fundamentals through sustainable is Automation foundations across Automation growth model and Electrification Differentiating Innovation is our Strategy focused on Global m
Slide 7: TKH's future is Automation
TKH’s future is Automation Automation Electrification • Asset light, technology driven • Capital intensive, capacity driven • Multiple end-markets • Offshore market dynamics U A T • Global AC O M • Regional M HI AT E D • Scalability NE • Investments for future scaling RY • Strong organic value creat
Slide 8: TKH at a glance
TKH at a glance Innovative technologies that make the world more efficient and more sustainable Headcount Turnover Customer and technology focused ESG 6,500 FTEs FY2025 €1,761m >1,400 patents 75.3% of which 750 in R&D and software (2024: €1,713m) of turnover linked to SDGs development The Netherland
Slide 9: Built on innovation, accelerated by AI
Built on innovation, accelerated by AI Innovations as % of turnover Cleans voice from noise 25% Algorithm for voice signals HUNDREDS 20% 17.0% • Efficient network algorithms for adaptive 15% artificial intelligence 10% 5% • Ensuring that the voice signal in intercom systems is perfectly cleaned of a
Slide 10: Transitioning to high growth markets Automation & Electrification
Transitioning to high growth markets Automation & Electrification Investments into capacity Today we are expansions a successful in Electrification business Divested ~€460m positioned for €150 million capex Acquired turnover in Connectivity and to triple capacity in growth, offshore cables, Growing
Slide 11: Automation
Automation Vision Technologies 2025 turnover Machine Vision Security Vision Vision technologies Strong Global Market Market market leader in high positions Leader end markets % Automation % Vision 2D Vision 3D Vision Integrated Intercom, ITS, Surveillance, Parking Guidance Automated Machinery 2025 t
Slide 12: Electrification
Electrification Electrification 2025 turnover Onshore Offshore Specialty Cables Electification High voltage Medium voltage Market Market leader leader Market leader high grade special cables % Electrification Low voltage Inter-array Digitalization 2025 turnover Fibre Optic Cable Accessories Digitali
Slide 13: Our Capitalize & Execute 2028 Strategy
Our Capitalize & Execute 2028 Strategy Capitalize on building blocks: (addressable) market growth / innovations Automated machinery: ultra high performance tire market 8.5% CAGR; UNIXX technology & components Vision Technologies: market 5.6% (CAGR); software ecosystem, solutions approach, smart came
Slide 14: Targets 2028
Targets 2028 Automation Electrification 5 - 7% organic EBITA margin ROCE >7% organic EBITA margin ROCE turnover 17 - 19% 25 - 30% turnover 12 - 15% 18 - 23% growth (CAGR) growth (CAGR) • Segments and target ratios are excluding the unallocated support and head office costs • The possible impact of i
Slide 15: Our sustainable value chain
Our sustainable value chain Our Focus on SDGs How we do it How we are rated 75.0% of turnover linked to SDGs non-financial KPIs 2025 rating agencies CO2e Footprint reduction LTFR Satisfaction score (scopes 1&2) Target < 0.7 Customers Electrification Compared to 2019 Target Average score above Energy
Slide 16: Capital allocation
Capital allocation TKH Group NV General Investor Presentation May 2026 16
Slide 17: Execution
Execution 1 2 3 4 Execute on separation Execute on portfolio Focus on cash flow Disciplined capital of electrification optimization generation allocation Material steps expected A further €250m of Disciplined capex Clear priorities in 12 to 18 months non-core activities spend to be divested Bolt on
Slide 18: Execution: Execute on separation
11 Execution: Execute on separation Intended Segmentation Longer term (turnover share 2025) Vision Technologies Machine & security Vision 29% Material steps in TKH Automation AUTOMATION separation process Automated Machinery 26% Incl Tire Building systems within 12-18 Months following CMD (Sept 2025
Slide 19: Execution: Portfolio Optimization
2 Execution: Portfolio Optimization 2019 2020 2021 2022 2023 2024 2025 Acquisitions into higher margin 2025 - 2028 Acquisitions and automation support operations to drive the Approx. €250m value add turnover of non-core activities Approx. €460m to be divested, Divestments in turnover of ZTC lower ma
Slide 20: Execution: Disciplined Capex Spend
3 Execution: Disciplined Capex Spend Disciplined Capex Following €200m strategic capex spend, no large capex programs Capex spend only on core activities – no disruptive innovations R&D Capex (mainly Automation) PP&E Capex (mainly Electrification) 1.7 1.7 1.4 1.4 1.2 1.3 1.4 1.4 1.6 1.1 1.0 1.1 1.6
Slide 21: Execution: Disciplined Capital Allocation
4 Execution: Disciplined Capital Allocation 1 Capex in automation 2 Bolt on acquisitions in automation Strategic Investments 150 In million € 200 No large capex 100 Bolt-on programs acquisitions 50 150 to strengthen Capex to be 0 Automation 100 reduced to amortization & -50 portfolio 50 depreciation
Slide 22: Automation
fe) | i] ~ Automat
Slide 23: Addressing the strategic shifts
Addressing the strategic shifts NSITION 30% TER IAL ST RA 59% A Rise in global materials demand by 2050, By 2050, the share of people of M driven by new materials development, working age in developed economies material substitution (net-zero emissions will fall to 59% from 67% today 2 LA BO goals)
Slide 24: Automation: the building blocks
Automation: the building blocks Vision 2025 turnover Machine Vision Security Vision Vision technologies Strong Global Market Market market leader in high positions Leader end markets % Automation % Vision 2D Vision 3D Vision Integrated Intercom, ITS, Surveillance, Parking Guidance Automated Machiner
Slide 25: Moving towards autonomous production beyond human limitations
Moving towards autonomous production beyond human limitations TKH has the building blocks in place to build one-ecosystem to meet the challenges of autonomous production Yesterday Today Tomorrow Manual labor Semi-automated Fully autonomous Eyes-Off Vision systems systems operations Breadth of machin
Slide 26: Targets 2028
Targets 2028 Vision Technology > 5 - 7% organic turnover growth (CAGR) Automation Automated Machinery 5 - 7% organic EBITA margin ROCE turnover 17 - 19% 25 - 30% < 5 - 7% organic turnover growth (CAGR) growth (CAGR) Segments and target ratios are excluding the unallocated support and head office cos
Slide 27: Vision Technologies
Vision Technologies
Slide 28: Vision Technologies FY2025 performance
Vision Technologies FY2025 performance Highlights 2025 Growth mainly driven by Machine Vision Key figures 2D Machine Vision In € million unless otherwise stated FY 2025 FY 2024 ∆ in % Organic ∆ in % Growth across most end markets Turnover 522.6 498.6 6.8% 6.7% Further progress in the defense sector
Slide 29: Vision Technologies
Vision Technologies Main take-aways Turnover split Technologies, market position & end markets Other 2D Vision 3D Vision Broad technology Mid to upper tier 12% base with many unique focus with high-value capabilities products Machine Vision Strong market share in Top 5 global player many key segment
Slide 30: Vision Technologies: Broad technology base
Vision Technologies: Broad technology base What does Machine Vision achieve? Present in all major Production / R&D locations geographical markets Service & Sales Hubs Excluding external sales partners Allowing complex tasks to be performed Automation autonomously by robots, machines or vehicles Auto
Slide 31: Capturing market growth
Capturing market growth Market Growth forecast Organizational consolidation Unified Software Ecosystem 5.6% Combined sales approach CAGR Commercial Combined sales offices Reduced company brands AI Algorithms Human Machine Interface €5.9 Combined production sites €4.9 bn Industrial €4.6 Operational J
Slide 32: Growing addressable market
Growing addressable market Solutions approach New segment: smart cameras New end markets Yesterday: Trains AI algorithms Security & Defense Manual Available as an open platform for OEM Cannot function individually or custom development, or fast Requires other components Vision deployment with GoPxL
Slide 33: Security Vision
Security Vision Existing Business Diversity: managing and controlling the urban infrastructure Product offering Market growth forecast Growth drivers Wide product offering of security and • Rising security awareness Total Addressable Market surveillance systems, intelligent traffic systems, and park
Slide 34: Automated Machinery
Automated Machinery Tire Building TKH Group NV General Investor Presentation 34
Slide 35: Automated Machinery FY2025 performance
Automated Machinery FY2025 performance Highlights 2025 Tire Building systems • Decline in turnover in line with expectations Key figures ‐ Strong comparison base with 2024 In € million unless otherwise stated FY 2025 FY 2024 ∆ in % Organic ∆ in % ‐ Lower order intake during the year Turnover 522.6 6
Slide 36: Automated Machinery
Automated Machinery Main take-aways Turnover split Technologies, market position & end market Other 4% The leading global player in Strong innovation track tire building machines, +/- record with developments Assembly Machines 70% share of outsourced for new applications market Tire Building 96% Pas
Slide 37: Tire Building systems
Tire Building systems Building a vulcanized tire: from tire component machines to assembly Tire components Tire component prep machines Tire building machines: assembly Non-TKH produced 3. Cap Strip 4. Tread 5. Tread base 6. Wingtips MAXX MILEXX 7 . Bead Tire building systems 9. Innerliner 10. Rim c
Slide 38: Consistent outperformance of the tire market
Consistent outperformance of the tire market Drivers of outperformance Current market outsourced tire building machines Annual order intake 1994 – 2024 CAGR 10.5% 2025 Passenger Tires turnover Truck Tires Services Introduction MAXX Outsourcing Tiers 1s 10% 12% 15% Outsourcing Tiers 2s Capex Tier 1 t
Slide 39: Drivers for Tire Building Machine demand growth
Drivers for Tire Building Machine demand growth Tire market Ultra high performance tires Growth in outsourcing Addressable market ~1.5% 8.5% €0.9 - €1.1bn CAGR CAGR Tier 3 €0.6 - €0.85bn 100% 63% Tier 3 Tier 2 76% 75% 75% 50% Tier 2 37% 24% Tier 1 Tier 1 2024a 2030e 2024 2030 Tier 1 Tier 2 Tier 3 To
Slide 40: Drivers for Tire Building Machine demand growth
Drivers for Tire Building Machine demand growth Increased complexity Technological developments Services Current estimated Rim size up >18” Sustainable materials Increasing Revenue per TBM sold Enhance service & product portfolio Extending our Service & Sales hubs TKH installed 30-35% base of total
Slide 41: Innovations: UNIXX revolutionize TBM
Innovations: UNIXX revolutionize TBM UNIXX Technology highly automated, meeting demand for complexity Addressable market growth UNIXX’ strip winding Very high level of automation UNIXX Technology adapted UNIXX technology allows for assembly Highly flexible platform and component production in one Sh
Slide 42: Electrification
_ Electrification ps rf Sel Sy \ ) “ A 1 i Ee ; SMART TECHNOLOGIES <
Slide 43: Electrification drives cable industry growth
Electrification drives cable industry growth Y POW NERG > 42.5% W AB LE E ER GR ID TR > €100bn p/y NE RE REPowerEU binding target Annual EU investments to raise AN SF for 2030 to 42.5% to > €100 billion annually till 2050 G TIN OR ERA MA TION ACCEL D MAN DE 2x by 2050 SU Net zero ITY ST IC AI TR NA
Slide 44: Electrification FY2025 performance
Electrification FY2025 performance Highlights 2025 • Added value % decreased – higher share of outsourced services • In Q4 2025, marked improvement in Electrification results Key figures • Winning of new offshore inter-array contracts increased orderbook In € million unless otherwise stated FY 2025
Slide 45: Electrification Financial Performance
Electrification Financial Performance Turnover (in million €) Increased focus and acceleration of electrification led to shift in portfolio 4% 6.5% 19% 46% 24% average annual Electrification Electrification 1% organic turnover Digitalization growth (CAGR) Digitalization 2021 2025 Other 800 Other €16
Slide 46: Powering the sustainable future of energy
Powering the sustainable future of energy Electrification TKH Group NV General Investor Presentation May 2026 46
Slide 47: TKH invested in electrification capacity expansion
TKH invested in electrification capacity expansion to meet strong market demand Divestments Investments 2019 2020 2021 2022 2023 2024 2025 €380m in turnover divested of commodity €150m invested in capacity expansions related activities Eemshaven – new production facility Offshore energy ZTC Inter-ar
Slide 48: Offshore wind inter-array cables: unique design
Offshore wind inter-array cables: unique design Application: connecting wind-turbines Unique Dry Inter-Array Cable Design No use of lead or bitumen Unique sustainable design and environmentally friendly No risk of leaching chemicals or metals into the marine environment Efficient and unsoiled recove
Slide 49: TKH is involved in 16,500 km of European tenders up to 2032
TKH is involved in 16,500 km of European tenders up to 2032 7,000 6,000 5,000 Inter-array 4,000 Contract for Difference being adopted in EU cable demand 3,000 European commitment remains strong & supply 2,000 Required km inter-array cables in Europe 6x by 2030 (in km excl. 1,000 compared to 2024 Chi
Slide 50: Increased demand of Dutch DSOs leads to market growth
Increased demand of Dutch DSOs leads to market growth, European high value opportunities arise The Netherlands remains our core market and strategic focus >95% of turnover International opportunities Market Position within NL Dutch DSOs scaling up and accelerating their operations arise due to capac
Slide 51: Capitalize strong fundament to accelerate niche market position
Capitalize strong fundament to accelerate niche market position on international opportunities Attractive niche market strategy combined with competitive positioning Strong fundament to excel within the Netherlands leads to major international expansion potential Strengthen local position Accelerate
Slide 52: Financial Performance Q1 2026 Market Update
Financial Performance Q1 2026 Market Update
Slide 53: Q1 2026 Market Update
Q1 2026 Market Update Growth in turnover and results; Improved performance Electrification • Automation Turnover €448.3m • Vision Technologies: recorded growth from delivery larger projects; order intake in particular in Q1 2025: €419.6m Machine Vision grew substantially + 9.6% organically • Automat
Slide 54: Q1 2026 Market Update
Q1 2026 Market Update Vision Technologies • Security Vision performed well, benefiting from delivery of a number of larger projects • 3D Machine Vision performed well on back of growth in consumer electronics and semicon Turnover AUTOMATION • Orderbook Machine Vision at the end of Q1 2026 substantia
Slide 55: Financial Performance FY 2025
Financial Performance FY 2025
Slide 56: Q4 2025 Key Figures
Q4 2025 Key Figures €483.7 €70.5 14.6% • Vision Technologies’ turnover compares to a strong Q4 2024 • Electrification strong turnover Turnover EBITA ROS growth, due to increasing output Up 8.7% organically Up 8.1% organically Q4 2024: 14.6% levels at Eemshaven factory & continued strong demand in on
Slide 57: FY2025 Performance
FY2025 Performance Turnover Added Value Adjusted EBITA ROS +4.9% -7.2% €1,712.7 €1,761.2 €203.9 51.9% €189.5 11.9% 51.0% 10.8% FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 * One-off net expenses in 2025 amounted to €16.8 million (2024: €4.0 million) TKH Group NV General Investor Presentat
Slide 58: FY2025 Performance
FY2025 Performance 13.8% €1,027.8m €461.4m ROCE Orderbook Net debt 2024: 15.2% 2024: €1,135.0m 2024: €496.0 17.0% 75.3% Obtained by TKF & VMI Innovation rate Turnover linked to SDGs 2024: 17.6% A- (from B) 2024: 71.6% TKH Group NV General Investor Presentation May 2026 58
Slide 59: Vision Technologies FY2025 performance
Vision Technologies FY2025 performance Highlights 2025 Growth mainly driven by Machine Vision Key figures 2D Machine Vision In € million unless otherwise stated FY 2025 FY 2024 ∆ in % Organic ∆ in % Growth across most end markets Turnover 522.6 498.6 6.8% 6.7% Further progress in the defense sector
Slide 60: Automated Machinery FY2025 performance
Automated Machinery FY2025 performance Highlights 2025 Tire Building systems • Decline in turnover in line with expectations Key figures ‐ Strong comparison base with 2024 In € million unless otherwise stated FY 2025 FY 2024 ∆ in % Organic ∆ in % ‐ Lower order intake during the year Turnover 522.6 6
Slide 61: Electrification FY2025 performance
Electrification FY2025 performance Highlights 2025 • Added value % decreased – higher share of outsourced services • In Q4 2025, marked improvement in Electrification results Key figures • Winning of new offshore inter-array contracts increased orderbook In € million unless otherwise stated FY 2025
Slide 62: Geographical distribution of turnover
Geographical distribution of turnover 2025 2024 NETHER- LANDS Netherlands 23.4% 24.1% NORTH Europe (other) 35.7% 34.7% AMERICA Asia 23.7% 21.5% EUROPE (OTHER) North America 14.5% 14.7% ASIA Other 2.7% 5.0% Vision Technologies Automated Machinery OTHER Electrification TKH Group NV General Investor Pr
Slide 63: Profit and Loss account
Profit and Loss account Δ in % € million FY 2025 FY 2024 Δ in % Organic 1 € million Turnover 1 Turnover 1,761.2 1,712.7 2.8% 4.9% FY 2024 1,712.7 Raw materials and Acquisitions & divestments - 26.8 - 1.6% - 862.3 - 824.2 subcontracted work 2 Currency translation - 8.4 - 0.5% Added value 1) 898.9 51.
Slide 64: Profit and Loss account
Profit and Loss account Δ in % € million FY 2025 FY 2024 Δ in % Organic 5 One-off expenses related to Turnover 1,761.2 1,712.7 2.8% 4.9% • acquisitions and divestments Raw materials and • one-off transportation costs due to delayed ramp-up of Eemshaven - 862.3 - 824.2 subcontracted work • restructur
Slide 65: Balance sheet
Balance sheet 1 Changes in working capital (in € million) (in € million) Dec 31, 2025 Dec. 31, 2024 Intangible assets and goodwill 597.7 611.1 Property, plant and equipment 501.1 486.2 Right-of-use assets 77.8 78.0 Other non-current assets 45.1 47.5 Total non-current assets 1,221.7 1,222.8 1 Current
Slide 66: Changes to Net Debt
Changes to Net Debt (in € million) 600 500 496.0 17.2 4.7 461.4 59.9 0.1 0.9 400 Net debt / EBITDA 69.0 60.1 • December 31, 2025: 1.9 28.9 13.0 300 -54.2 • June 30, 2025: 2.6 -234.2 • December 31, 2024: 2.0 200 100 0 TKH Group NV General Investor Presentation May 2026 66
Slide 67: Free cash flow
Free cash flow (in million € H2 H1 unless stated otherwise) 2025 2025 2025 2024 2023 1 FCF conversion is affected by developments in working capital. Operating result 103.0 73.7 29.3 130.6 174.5 Working capital ratio for the period-end included in the overview are: Depreciation, amortization and • 2
Slide 68: Outlook
Outlook TKH Group NV General Investor Presentation 68
Slide 69: Outlook 2026
Outlook 2026 TKH reiterates its outlook as communicated on March 5, 2026. Barring unforeseen circumstances, we expect organic growth in both turnover and Adjusted EBITA in 2026 TKH Group NV General Investor Presentation May 2026 69
Slide 70: Appendix
Appendix TKH Group NV General Investor Presentation 70
Slide 71: Changes to segmentation
Changes to segmentation Current segmentation “New” segmentation Intended Segmentation Future (turnover share FY2025) (turnover FY2025) Vision 26% Smart Vision Vision 29% Technology Systems Focus on Automation Automated Machinery 25% Tire Building Automation (incl. Tire Building) 26% Smart Manufactur
Slide 72: Thank you
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