Slide 1: 25 years of success on the stock exchange
25 years of success on the stock exchange. . Thanks to Innovation and stability. Earnings Call FY 2024 Landsberg am Lech, 27 March 2025
Slide 2: Agenda
Agenda RATIONAL AG | FY 2024 Earnings Call 03 Looking back 11 Figures. Facts. Data. 21 Outlook 2025 21 Appendix
Slide 3: RATIONAL celebrates 25 years IPO anniversary
RATIONAL celebrates 25 years IPO anniversary RATIONAL shares write stock market history. Congratulations from the German stock exchange in March 2025 Pictures of the IPO in March 2000 © Deutsche Börse
Slide 4: 25 years on the stock exchange. More bull than bear.
25 years on the stock exchange. More bull than bear. Check out rat.ag/share-25 for more info. 27 March 2025 | RATIONAL AG | Earnings Call FY 2024 4
Slide 5: iHexagon. Boost your Business.
iHexagon. Boost your Business.
Slide 6: The iHexagon presents itself to the public
The iHexagon presents itself to the public. Find out more on our website. Catex (Ireland) Internorga (Germany) NAFEM Show (USA) 27 March 2025 | RATIONAL AG | Earnings Call FY 2024 6
Slide 7: Connected Cooking – Empower your kitchen
Connected Cooking – Empower your kitchen 100,000 connected RATIONAL units – a major milestone! 27 March 2025 | RATIONAL AG | Earnings Call FY 2024 7
Slide 8: RATIONAL's sustainability strategy
RATIONAL‘s sustainability strategy Vision We want to be a company that people want to exist. Players Our Our Our Our infrastructure products partners employees and mobility Innovative solutions that Tackling global challenges People, in all their diversity, A prerequisite for sustainable make an imp
Slide 9: Update on strategic projects
Update on strategic projects Investing in the future of RATIONAL New home for the iVario Road to China Service parts distribution centre Location Wittenheim, France Suzhou, China Landsberg, Germany Next steps • Admin building in use • SOP: End 2025 Move planned for end of • Move of assembly planned
Slide 10: Figures. Facts. Data.
Figures. Facts. Data. FY 2024
Slide 11: Strong sales performance in 2024
Strong sales performance in 2024 Sales revenues increased 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 27 March 2025 | RATIONAL AG | Earnings Call FY 2024 11 Sales revenues in m EUR | Year-on-year sales growth
Slide 12: Sales revenues by quarter
Sales revenues by quarter Q4 2024 – sales revenues reach another all-time high +9% +6% +8% +1% 318 286 295 294 293 282 278 272 2023 2024 2023 2024 2023 2024 2023 2024 Q1 Q2 Q3 Q4 27 March 2025 | RATIONAL AG | Earnings Call FY 2024 12 Sales revenues in m EUR | Year-on-year sales growth
Slide 13: Sales Revenues by region
Sales Revenues by region Americas and Europe spur growth 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 the World +17% +15% 68 79 57 66 2023 2024 2023 2024 2023 2024 27 March 2025 | RATIONAL AG | Earnings Call FY
Slide 14: iVario back to growth
iVario back to growth iCombi surpasses previous year’s high sales level iCombi iVario +5% 1,056 1,008 +16% 118 137 2023 2024 2023 2024 27 March 2025 | RATIONAL AG | Earnings Call FY 2024 14 Sales revenues in m EUR | Year-on-year sales growth
Slide 15: EBIT grows faster than sales revenues
EBIT grows faster than sales revenues EBIT margin back on pre-crisis level earlier than expected +13% +17% 314 +48% 277 -52% 238 223 +50% 160 26.5% 26.3% 23.2% 24.6% 107 20.5% 16.5% 2019 2020 2021 2022 2023 2024 27 March 2025 | RATIONAL AG | Earnings Call FY 2024 15 EBIT in m EUR EBIT margin
Slide 16: High profitability in FY 2024
High profitability in FY 2024 Healthy sales revenue performance and favourable COGS 2023 vs. 2024 2023 2024 in m EUR Change Margin Impact Sales revenues 1,126 1,194 +6% --- COGS -487 -487 0% +250 bps + Sales revenues remain on high level Gross Profit 639 707 +11% +250 bps Gross Margin 56.7% 59.2% --
Slide 17: Solid balance sheet provides security and flexibility
Solid balance sheet provides security and flexibility High equity ratio and liquidity in m EUR 31.12.20231 31.12.2024 Key balance sheet KPIs Non-current assets 287 292 +12% Growth in total assets Inventories 107 108 Trade receivables 172 181 Other assets 285 373 45% Liquidity ratio2 Liquid funds 138
Slide 18: Investments
Investments Future-oriented investments thanks to solid financial position 40 37 37 35 33 32 31 30 31 29 25 26 2019 2020 2021 2022 2023 2024 27 March 2025 | RATIONAL AG | Earnings Call FY 2024 18 Depreciation/amortisation (incl. IFRS16) Investments in m EUR
Slide 19: Dividend 2024
Dividend 2024 Dividend of 15.00 euros per share proposed 22.03 18.82 16.33 15.00 € Dividend per share proposed 15.09 15.00 10.88 2.50 13.50 68% Total payout ratio 11.00 7.04 2.50 7.50 5.70 1,8% Dividend yield2 4.80 1 2019 2020 2021 2022 2023 2024 1 The previous year’s comparative figures have been r
Slide 20: Sales revenue and profit outlook for 2025
Sales revenue and profit outlook for 2025 Cautiously optimistic – despite challenging economical environment Sales growth Gross profit margin Operating costs EBIT margin in the mid single-digit slightly lower than previous rise slightly faster than at around 26%. percentage range. year. sales revenu
Slide 21: Appendix
Appendix 21 Appendix 23 Statement of Comprehensive Income 25 Cash Flow Statement 29 Disclaimer 27 March 2025 | RATIONAL AG | Earnings Call FY 2024 21
Slide 22: Statement of Comprehensive Income RATIONAL Group Q4
Statement of Comprehensive Income RATIONAL Group 1 October to 31 December| in thousands of euros Q4 2023* Q4 2024 YoY % Sales revenues 292,762 318,047 9% Cost of Sales -125,083 -127,409 2% Gross profit 167,679 190,638 14% Sales and service expenses -64,666 -67,822 5% Research and development expense
Slide 23: Statement of Comprehensive Income RATIONAL Group FY
Statement of Comprehensive Income RATIONAL Group 1 January to 31 December | in thousands of euros FY 2023* FY 2024 YoY % Sales revenues 1,125,838 1,193,529 6% Cost of Sales -487,217 -486,901 0% Gross profit 638,621 706,628 10% Sales and service expenses -254,348 -264,825 4% Research and development
Slide 24: Cashflow statement RATIONAL Group (1/4)
Cashflow statement RATIONAL Group (1/4) 1 October to 31 December | in thousands of euros Q4 2023 Q4 2024 YoY Earnings before taxes 78,313 90,796 12,483 Depreciation and amortisation 8,683 10,066 1,383 Other -3,179 4,630 7,809 Net interest -2,782 -3,052 -270 Changes in Inventories 9,622 -392 -10,014
Slide 25: Cashflow statement RATIONAL Group (2/4)
Cashflow statement RATIONAL Group (2/4) 1 October to 31 December | in thousands of euros Q4 2023 Q4 2024 YoY Capital expenditures in intangible assets and PP&E -11,199 -9,532 1,667 Proceed from asset disposals 406 1 -405 Change in fixed deposits -38,408 -28,498 9,910 Interest received 2,034 2,072 38
Slide 26: Cashflow statement RATIONAL Group (3/4)
Cashflow statement RATIONAL Group (3/4) 1 January to 31 December | in thousands of euros FY 2023 FY 2024 YoY Earnings before taxes 284,036 325,916 41,880 Depreciation and amortisation 32,619 37,394 4,775 Other 1,551 4,371 2,820 Net interest -6,752 -11,298 -4,546 Changes in Inventories 12,106 -482 -1
Slide 27: Cashflow statement RATIONAL Group (4/4)
Cashflow statement RATIONAL Group (4/4) 1 January to 31 December | in thousands of euros FY 2023 FY 2024 YoY Capital expenditures in intangible assets and PP&E -34,632 -31,618 3,014 Proceed from asset disposals 561 78 -483 Change in fixed deposits -133,203 -82,219 50,984 Interest received 5,560 11,0
Slide 28: RATIONAL
RATIONAL
Slide 29: Disclaimer
Disclaimer This presentation serves the single purpose of introducing the RATIONAL Group and providing a brief overview. The information contained is not intended to be exhaustive and does not provide a basis for corporate decisions or serve as investment advice. We assume no warranty, guarantee or