SAF-Holland SE · XETR:SFQ
SAF-Holland — Q3 2026 Earnings Presentation
22 slides from SAF-Holland's earnings presentation, Nov 5, 2026
Slide 1: Conference Call Presentation Q3 2026
Conference Call Presentation Q3 2026 Prepared for tomorrow Alexander Geis (CEO) & Frank Lorenz-Dietz (CFO) November 5, 2026
Slide 2: Highlights and regional performance Q3/9M 2026
01 Highlights and regional performance Q3/9M 2026 Q3 2026 Call Presentation 2
Slide 3: Q3 2026 Financial highlights
Q3 2026 Financial highlights Outlook Sales Outlook for fiscal year 2026 confirmed EUR 456.6 mn (PY: EUR 417.2 mn) Strong recovery of major OE markets result in organic growth of 8.8% Leverage Adj. EBIT margin 2.0x (Dec 2025: 2.3x) 9.7% (PY: 9.1%) Improved leverage due to increased Solid margin devel
Slide 4: Growth momentum supported by strong performance in almost all major OE markets
Growth momentum supported by strong performance in almost all major OE markets +4.1% Sales Group sales (in EUR mn) 1,308.8 1,362.3 • Group sales increased by 9.4% yoy in Q3 and by 4.1% in first 9 months, driven by strong organic growth of 8.8% and 6.0% respectively +9.4% 600 451.7 454.0 456.6 • Grow
Slide 5: Sales split by region and customer segment
Sales split by region and customer segment Group sales split • EMEA remained the Group’s largest region and further (by region, by customer category) 10.9% 12.4% expanded its share of Group sales, driven by continued solid trailer demand in Europe EMEA • Americas represented 36.9% of Group sales in
Slide 6: EMEA maintains growth momentum and improves profitability
EMEA maintains growth momentum and improves profitability +6.1% EMEA sales Sales (in EUR mn) 658.7 699.2 • Strong trailer customer demand and solid aftermarket performance supported sales growth in Q3 2026 +7.0% • Organic growth accelerated to 7.0% yoy in Q3 300 225.6 236.2 231.0 231.9 216.8 10 200
Slide 7: Resilient earnings supported by recovering OE demand
Resilient earnings supported by recovering OE demand -1.7% Sales Americas sales (in EUR mn) 501.5 492.8 • Strong recovery in North American Class 8 truck demand, combined with improved trailer market demand, drove OE sales and supported +8.5% organic growth of 6.4% yoy in Q3 200 155.0 147.6 156.9 16
Slide 8: Significant demand growth and margin expansion
Significant demand growth and margin expansion +14.6% APAC sales Sales (in EUR mn) 170.3 • Strong trailer customer demand, particularly in India, Australia and 148.6 China, drove organic sales growth of 25.8% yoy in Q3, partly offset +24.1% by FX headwinds of 1.6% 52.4 58.6 55.3 56.4 • Strong moment
Slide 9: Financials Q3/9M 2026
02 Financials Q3/9M 2026 Q3 2026 Call Presentation 9
Slide 10: EBIT to adjusted EBIT reconciliation for the Group
EBIT to adjusted EBIT reconciliation for the Group in EUR mn Q3 2026 Q3 2025 Q1-3 2026 Q1-3 2025 EBIT 1 38.1 28.9 31.6% 113.6 99.3 14.4% 1 EBIT driven by the positive business environment as EBIT margin in % 8.3 6.9 8.3 7.6 well as an improved cost Additional depreciation & structure and quality of
Slide 11: Solid earnings from higher sales drive EPS growth
Solid earnings from higher sales drive EPS growth in EUR mn Q3 2026 Q3 2025 Q1-3 2026 Q1-3 2025 1 Finance result of EUR -9.0 mn in Q3 reflects financial expenses in EBIT 38.1 28.9 31.6% 113.6 99.3 14.4% connection with loans and leases Finance result 1 -9.0 -7.9 1 -20.0 -40.2 • Q1-3 2025 was impacte
Slide 12: Equity ratio above PY level, supported by solid net profit
Equity ratio above PY level, supported by solid net profit Equity ratio (in %) • Despite the dividend payment and the ongoing share buyback program, equity rose by 5.6% compared to 31 December 2025, 30.8% 31.2% mainly due to the result for the period 28.7% 29.6% 29.3% 29.1% 29.3% 27.7% 26.9% • Balan
Slide 13: NWC ratio slightly improved despite temporary inventory build-up
NWC ratio slightly improved despite temporary inventory build-up Net working capital (in % of sales) • NWC ratio improved slightly to 16.6% as of September 2026 18.7% (Dec 2025: 16.8%), as higher inventories and trade receivables 17.6% 18.2% 17.1% were largely offset by increased trade payables 16.6
Slide 14: Strong cash flow based on operating performance and NWC improvement
Strong cash flow based on operating performance and NWC improvement 1 Improved NWC drove lower cash outflow compared to PY in EUR mn Q3 2026 Q3 2025 Q1-3 2026 Q1-3 2025 2 Capex amounted to 2.3% of Group sales during first nine EBITDA 58.8 51.1 176.3 166.5 months of 2026 Investments focused on furthe
Slide 15: Improved leverage ratio based on solid operating performance
Improved leverage ratio based on solid operating performance Net debt/EBITDA • Net debt/EBITDA ratio amounted to 2.0x at the end of September 2026 2.4 2.4 2.3 2.3 2.2 • Solid net debt development despite EUR 28.8 mn dividend 2.0 2.0 payment and EUR 19.4 mn of share buybacks 1.9 1.9 • Leverage excl.
Slide 16: Outlook FY 2026 and key takeaways
03 Outlook FY 2026 and key takeaways Q3 2026 Call Presentation 16
Slide 17: 2026 Market outlook – Positive momentum across key end markets continues
2026 Market outlook – Positive momentum across key end markets continues Q1-3 2026 Q1-3 2026 FY 2026e FY 2026e Trailer market Truck market Trailer market Truck market EMEA ~ +5 to +10% ~ +5 to +10% ~ 5 to +10% ~ +5 to +10% North America -5% +2% ~ -5 to +5% ~ 0 to +10% Brazil 0% -6% ~ -10 to -5% ~ -1
Slide 18: Outlook 2026 confirmed – sales expected to be in the upper third of guidance corridor
Outlook 2026 confirmed – sales expected to be in the upper third of guidance corridor Group Group • Macroeconomic environment remains characterized by geopolitical uncertainties and elevated volatility in energy and FY 2025 FY 2026 raw material markets Results Outlook as of March 2026 Sales EUR 1,70
Slide 19: Key takeaways
Key takeaways 1 Strong organic growth driven by recovery across key OE markets 2 Resilient margins supported by operating leverage and continued cost discipline 3 Strong cash generation supports continued deleveraging 4 Solid momentum provides confidence in FY 2026 outlook Q3 2026 Call Presentation
Slide 20: Contact and additional information
04 Contact and additional information Q3 2026 Call Presentation 20
Slide 21: Investor relations contact & financial calendar
Investor relations contact & financial calendar Issuer & contact Financial calendar and roadshow activities SAF-HOLLAND SE Hauptstrasse 26 63856 Bessenbach November 5, 2026 Publication Quarterly Statement Q3 2026 Dana Unger November 17, 2026 BNP Paribas MidCap CEO Conference, Paris Vice Presiden
Slide 22: Disclaimer
Disclaimer This presentation has been prepared by SAF-HOLLAND SE (“SAF-HOLLAND”) and comprises written materials concerning SAF-HOLLAND. It is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. It contains summary inform