Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — Shareholder Meeting (May 2025)
28 slides from Rational Aktiengesellschaft's shareholder meeting presentation, May 14, 2025
Slide 1: 25 years of success on the stock exchange.
25 years of success on the stock exchange. Through innovation and stability 28th Ordinary General Meeting of Shareholders of RATIONAL AG on 14 May 2025.
Slide 2: Slide 2
Slide 3: Slide 3
Slide 4: iHexagon. Boost your Business.
iHexagon. Boost your Business.
Slide 5: ConnectedCooking – advantages through digitalisation
ConnectedCooking – advantages through digitalisation 100,000 connected RATIONAL cooking systems – a major milestone!
Slide 6: The home of the iVario, Wittenheim, France
The home of the iVario Wittenheim, France Inauguration of the new plant The first relocation in spring 2024 included: › the innovative customer centre › offices for around 100 U.i.U.s › a modern staff restaurant Relocation of production A capacity of 25,000 iVario systems a year is anticipated in th
Slide 7: Road to China: a combi-steamer tailored to the Chinese market
Road to China A combi-steamer tailored to the Chinese market What has happened so far › Modernisation and expansion of the premises › Equipment with production machinery such as punch lasers › Development of the cooking system, including extensive testing
Slide 8: The new distribution centre for service parts
The new distribution centre for service parts The biggest investment in RATIONAL’s history Project completion Project kick-off Winter 2026 Spring 2023
Slide 9: We want to be a company that people want to exist
We want to be a company that people want to exist 9
Slide 10: Combi-Steamer CD 101 historical brochure
‘An energy-saving top steamer with a giant capacity for vegetables, potatoes, The superior capaci of the CD 101: steaming - braising - roasting - baking - ariling - gratnating, Separatsly or in combination. Or in whatever sequence desired. The Combi-Steamer CD 101 is @ technical first creating new s
Slide 11: Combi-Steamer CD 101 historical brochure
ith a giant capacity for vegetables, potatoes, asta and rice . feamer for product-specific preparatio g to finish; steaming and gratinating A hot air mg The superior steaming - raising - roasting - baking P. Separatsly or (Or in whatever The Combi-Siel new standards in kit Rring, Patents are pending
Slide 12: Our climate goal – working together to reduce emissions
Our climate goal – working together to reduce emissions We will be greenhouse gas neutral by 2050 10.8% Scope 3.1 Scope 1 and 2 Reduction in our absolute GHG emissions (CO2e) versus 2023 87.8% 2024 1.2% by 42% by 2030 and 90% by 2050. Scope 3.11 3,601,073 tCO2e Scope 3 Scope 3 Reduction in our absol
Slide 13: Facts and figures FY 2024
Facts and figures FY 2024
Slide 14: Strong sales revenue performance in 2024
Strong sales revenue performance in 2024 Sales revenues rose by 6% to 1,194 million euros in 2024 +6% +10% +31% 1.194 1.126 –23% 1.022 +20% 844 780 650 2019 2020 2021 2022 2023 2024 Sales revenues in million euros | Sales revenue growth vs. 2023
Slide 15: Sales revenues by region
Sales revenues by region North America and Europe as growth drivers North America +7% Germany Asia 262 281 –2% +2% 156 153 122 124 2023 2024 2023 2024 2023 2024 Europe +7% 491 461 Latin America Rest of World +17% +15% 68 79 57 66 2023 2024 2023 2024 2023 2024 Sales revenues in million euros | Sales
Slide 16: iVario back on growth path
iVario back on growth path iCombi exceeds high sales revenues of the previous year iCombi +5% iVario 1.056 1.008 +16% 137 118 2023 2024 2023 2024 16 Sales revenues in million euros | Sales revenue growth vs. 2023
Slide 17: iVario back on growth path
iVario back on growth path iCombi exceeds high sales revenues of the previous year iCombi +5% 1.056 1.008 iVario +16% 118 137 2023 2024 2023 2024 17 Sales revenues in million euros | Sales revenue growth vs. 2023
Slide 18: EBIT grows faster than sales revenues
EBIT grows faster than sales revenues EBIT margin returns to pre-crisis level sooner than expected +13% +17% 314 +48% 277 -52% 238 223 +50% 160 26,5% 26,3% 24,6% 107 23,2% 20,5% 16,5% 2019 2020 2021 2022 2023 2024 EBIT in mEUR EBIT margin
Slide 19: Investments
Investments Forward-looking investments with solid financial position Key projects Completion of the new plant in Wittenheim 40 37 37 “Road to China” project 35 33 32 31 30 31 29 26 Expansion of 25 demonstration kitchens at our subsidiaries Start of construction of the new distribution centre for se
Slide 20: Solid balance sheet ensures security and flexibility
Solid balance sheet ensures security and flexibility High equity ratio and liquidity in mEUR 31 Dec 2023 31 Dec 2024 The balance sheet at a glance: Non-current assets 287 292 growth in total assets +12% Inventories 107 108 Trade receivables 172 181 Other assets 285 373 77% equity ratio Liquid funds
Slide 21: 25 years on the stock exchange
25 years on the stock exchange. From a “hotpot” to a “pearl on the stock market” Congratulations from Deutsche Börse in March 2025 Pictures from the IPO in March 2000 © Deutsche Börse
Slide 22: Share 33 times higher than the issue price
25 years on the stock exchange. Share 33 times higher than the issue price
Slide 23: RATIONAL shares: Strong performance
RATIONAL shares Strong performance Worldwide in 2024 in 2025 put shares under tariff discussions 50% 40% +40% 30% +19% 20% +18% +10% 10% +9% 0% -6% -10% -20% Jun 24 Sep 24 Okt 24 Jan 25 Jan 24 Mai 24 Aug 24 Mai 25 Feb 24 Mrz 24 Nov 24 Feb 25 Mrz 25 Jul 24 Dez 24 Apr 24 Apr 25 RATIONAL MDAX DAX Based
Slide 24: Dividend for 2024
Dividend for 2024 Dividend of 15.00 euros proposed 22.03 18.82 16.33 €15.00 dividend per share 15.09 15.00 10.88 2.50 13.50 68% overall payout ratio 11.00 7.04 2.50 7.50 5.70 4.80 1.8% ^dividend yield1 2019 2020 2021 2022 2023 2024 Dividend per share Special dividend per Earnings per share in euros
Slide 25: Successful start to 2025
Successful start to 2025 High level of sales revenues maintained in the first quarter Sales revenues in mEUR Germany Share of sales revenues 10% (growth: +2%) North +3% America 23% (+11%) 286 295 31 34 Latin America 5% (+1%) iVario iCombi 256 262 Asia Europe 11% (–20%) 44% (+7%) Rest of world Q1 202
Slide 26: Sales revenue and profit forecast confirmed for 2025
Sales revenue and profit forecast confirmed for 2025 Cautiously optimistic – despite economic challenges Sales revenue growth Gross margin Operating expenses EBIT margin in the mid-single-digit to increase a little faster of around 26%. to be at a slightly lower level percentage range. than in 2024
Slide 27: RATIONAL
RATIONAL
Slide 28: Disclaimer
Disclaimer This presentation is intended solely to introduce the RATIONAL Group and provide a brief overview. The information contained herein does not claim to be complete and is not intended as a basis for business decisions or investment recommendations. We do not assume any warranty, guarantee o