Kontron Ag · XETR:KTN
Kontron — Q1 2026 Earnings Presentation
27 slides from Kontron's earnings presentation, May 7, 2026
Slide 1: Q1 2026 Investor Presentation
Q1 2026 Investor Presentation Hannes Niederhauser, Clemens Billek 7th May 2026, Linz Kontron AG | www.kontron.com 1
Slide 2: Kontron: Results & Company Highlights Q1 2026
Kontron: Results & Company Highlights Q1 2026 Results Highlights Company Highlights › Strong Growth Transportation and › GreenTec Restructuring Defense Savings of EUR 30m expected on run-rate Transportation: 28%; Defense: 25% basis (339 FTE reduced in Q1 out of target 500 FTE) › Further Increased Ba
Slide 3: KPIs Q1 2026
KPIs Q1 2026 Revenues EBITDA Net Result after NCI (in EUR m) (in EUR m) (in EUR m) + 1.7% + 1.7% 30 Cent EPS adj. + 6.7% 32 Cent 385 45 46 358 364 38 20 18 14 3M 2025 | 3M 2025* | 3M 2026 3M 2025* | 3M 2026 | 3M 2026 adj. 3M 2025* | 3M 2026 | 3M 2026 adj. Order Entry vs. Revenues Gross Profit** Oper
Slide 4: Kontron Group Balance Sheet Q1 2026
Kontron Group Balance Sheet Q1 2026 in EUR m 31.03.2026 31.12.2025 in EUR m 31.03.2026 31.12.2025 NON-CURRENT ASSETS 803,7 833,9 EQUITY 746,3 746,1 Tangible assets 229,5 236,3 Accumulated results 641,0 626,9 Intangible assets 172,1 166,4 as of treasury shares -30,7 -22,4 Goodwill 255,2 255,1 NON-CUR
Slide 5: Additional Disclosures
Additional Disclosures Q1 2026 Revenues Growth Breakdown in EUR m EBITDA Growth Breakdown in EUR m Reported 3rd party revenues Q1 2025 385 Reported EBITDA Q1 2026 37.6 Deconsolidation COM 19 Restructuring Program CSP 8.5 Sold IT BG + HU 9 EBITDA ADJUSTED 46.1 ORGANIC GROWTH 1,7% Delinquent Backlog i
Slide 6: Kontron: Major KPIs
Kontron: Major KPIs Solid Development in Q1 2026 in Challenging Environment in EUR m Q1 2024 Q1 2025 Q1 2026 Comment Revenues 356 358* 364 EUR 28m of divested entities Gross Margin (in %) 41.3% 44.0% 41.9% Improvements expected to come based on more S + S revenues EBITDA 35 45* 46* Ongoing improveme
Slide 7: Record Backlog of EUR 2,544m
Record Backlog of EUR 2,544m Design Wins impacted by COM deconsolidation Design Wins Backlog (in EUR m) 8,076 (in EUR m) 7,559 2,495 2,544 6,643 2,078 1,686 4,100 1,460 3,407 1,160 2,970 2,353 804 2020 2021 2022 2023 2024 2025 2026 2020 2021 2022 2023 2024 2025 2026 Backlog Coverage 2026 in EUR m Op
Slide 8: Smart IoT
Smart IoT Reduce Low Margin Biz Revenue & About the Segment & Strategy EBITDA* › Combination of former Europe and Global Segment Order Entry › IoT products not dedicated to vertical market applications › Burdened by soft Katek EMS revenues 261 22 › Revenues adjusted for 2025 deconsolidated entities
Slide 9: Software + Solutions: Fast Growing – Our Focus
Software + Solutions: Fast Growing – Our Focus Strongest EBITDA Contributor, Just Started in 2020 About the Segment & Strategy › Consists of IoT technology specialized for defense + trains + cybersecurity Revenue & EBITDA* › Q1 burdened by GreenTec -> need to solve in 2026 Order Entry › 56% of Kontr
Slide 10: Segment Structure 2026
Segment Structure 2026 New Setup: 8 Divisions in 2 Segments Smart IoT Software & Solutions Industrial Telecom North Asia Cyber Solutions Transportation America Reduce 9 entities and split GreenTec into Industrial, ODM, Cyber Solutions ODM GreenTec Aerospace & Defense Target FC 2030 Target FC 2030 EU
Slide 11: Cybersolutions
Cybersolutions KPI-Update for Q1 2026 In EUR m Q1 2025 Q1 2026 Revenues 31.8 37.8 IC Revenues 0.8 0.8 EBITDA 2.8 4.0 Backlog 408.1 443.6 About the Technology Global rise in cyber threats and › KontronOS layer to enable CRA compatible products, AI-Shield to protect data traffic stricter regulations l
Slide 12: Defense
Defense KPI-Update for Q1 2026 In EUR m Q1 2025 Q1 2026 Revenues 37.7 43.4 IC Revenues 5.4 3.0 EBITDA 5.5 6.4 Backlog 94.6 109.1 About the Technology › VPX enables high speed data communication among military equipment Global increase in defense spendings › Strong encryption to protect sensitive dat
Slide 13: Transportation
Transportation KPI-Update for Q1 2026 In EUR m Q1 2025 Q1 2026 Revenues 53.5 65.9 IC Revenues 7.8 7.8 EBITDA 12.0 10.4 Backlog 498.3 668.4 About the Technology Growth momentum building from › Sensitive rail communication at 5G speed 2026, supported by 50% market › Technology leader in FRMCS standard
Slide 14: Restructuring Program CSP
Restructuring Program CSP Target: − Achieve annual savings of >EUR 30m − Reduction of 500 FTE (mainly GreenTec); Globally EUR 25m in restructuring costs − Restructuring completed Q3/2026; Back to profits in Q4/2026 Achievements Q1/2026: − Headcount (FTE) reduced by 339 − 12/2026: 6,696 FTE -> Q1/202
Slide 15: GreenTec Strategy
GreenTec Strategy Adjust 950 FTE to 500 FTE Solar: − Adjust cost and staff to actual biz − No new solar designs - maintain biz but no major new investments − Focus on IOT connected inverters with HEMS Software (target: technology leader in this niche) − Integrate solar into Div industrial for more s
Slide 16: Ennoconn's long-term Commitment to Kontron
Ennoconn’s long-term Commitment to Kontron Partnership ◼ Ennoconn Corporation (6414.TW) has put in tremendous resources to Kontron since 2016, showcasing Ennoconn’s real commitment to Kontron’s long-term development. ◼ During the past nine years, Ennoconn clearly sees the momentum and potential for
Slide 17: Strategic Planning for Stake Increase
Strategic Planning for Stake Increase Approval and Timeframe of Ennoconn Corporation (6414.TW) ◼ Approval by Ennoconn’s Board of Directors − Ennoconn’s Board of Directors has approved the Ennoconn management to increase the stake in Kontron beyond the 30% threshold for a tender offer. − The tender o
Slide 18: History and 2026 Forecast
History and 2026 Forecast Continuous Strong Organic Growth in Profitability Expected 2,000 250 9,000 divest IT 7,500 200 1,500 6,000 150 divest IT 1,000 4,500 100 3,000 500 50 1,500 0 0 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026e 2020 2021 2022 2023 2024 2025 3M2026 Revenue (left scale) EBI
Slide 19: Appendix
Appendix Kontron AG | www.kontron.com 19
Slide 20: The Kontron Share
The Kontron Share Price target clearly above current share price Shareholder Structure Analyst Recommendations Cantor Fitzgerald Buy: EUR 34.00 Jefferies Buy: EUR 27.00 Ennoconn - 28.8% ERSTE Group Buy: EUR 30.90 Kepler Cheuvreux Buy: EUR 30.00 Swedbank AB - 2.1% mwb research Buy: EUR 34.00 Kontron
Slide 21: Deep Dive: Cybersecurity
Deep Dive: Cybersecurity Cybersecurity as Regulatory Necessity - Software as Monetization Engine The Drivers: NIS2 & Cyber Resilience Act (CRA) Starting in 2027, stricter cybersecurity requirements for digital components - including obligations for updates, security patches, and attack detection - a
Slide 22: Deep Dive: VPX Defense Platform
Deep Dive: VPX Defense Platform Driven by Rising NATO Budgets and Modernization Programs Technology Focus: VPX - Ruggedized Communication Mission-critical VPX-based routers and servers engineered for extreme environments - resistant to shock, vibration, dust, water, and temperature extremes. Fast an
Slide 23: Deep Dive: Transportation & FRMCS
Deep Dive: Transportation & FRMCS Rail Enters the 5G Era: FRMCS as Structural Growth Driver Products • High-performance onboard servers for trains • IFEC (In-Flight Entertainment & Connectivity) systems adapted for rail connectivity Technology Shift • Migration from GSM-R (2G) to FRMCS (5G-derived)
Slide 24: Update on ESG: Achievements
Update on ESG: Achievements Recognition of Kontron’s ESG efforts › MSCI: A (previously BBB) › EcoVadis: 50 (rated above industry average) › Sustainalytics: 17.9 (low risk) › Moody’s: 38 (improvement by 4 points since 2022) › ISS ESG: C (previously C-) › Double Materiality Analysis (CSRD requirement)
Slide 25: Update on ESG: Outlook & Targets
Update on ESG: Outlook & Targets › Corporate Carbon Footprint (Full disclosure on Scope I, II, III) › Climate Risk Analysis › EU Taxonomy alignment › CSRD compliance – Sustainability Statement 2024 (ESRS) based on Double Materiality Analysis › Kontron’s Green Products – communicating our products be
Slide 26: Mid-Term Guidance 2030
Mid-Term Guidance 2030 Revenues EBITDA EUR 2.6bn 420m KPIs #1 in Cybersecurity - S + S = 50% of Total Revenues - S + S = 75% of Total EBITDA 80m Installations KOS/CRA - Rev EUR 500m Transportation - Rev EUR 400m Defense - 2m Devices 5G NADs p.a. Kontron AG | www.kontron.com 26
Slide 27: Disclaimer
Disclaimer This document includes 'forward-looking statements'. Forward-looking statements are all statements, which do not describe facts of the past, but containing the words "believe", "estimate", "expect", "anticipate", "assume", "plan", "intend", "could", and words of similar meaning. These for