Huber + Suhner Ag · SIX:HUBN
Huber + Suhner — H1 2025 Earnings Presentation
32 slides from Huber + Suhner's earnings presentation, Aug 19, 2025
Slide 1: HUBER+SUHNER
HUBER+SUHNER
Slide 2: 2025 half-year results
2025 half-year results 19 August 2025 | Half-year media and analysts' webcast 2025 2
Slide 3: Agenda
Agenda Overview H1/2025 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2025 Urs Ryffel (CEO) Q&A Financial calendar 19 August 2025 | Half-year media and analysts' webcast 2025 3
Slide 4: Sales and profit increase in H1/2025
Sales and profit increase in H1/2025 Good result under challenging conditions MCHF Continued demand for connectivity solutions • High book-to-bill rate of 1.16 (PY 1.21), as orders H1/2025 H1/2024 Δ% almost on par with exceptionally strong prior-year level Order intake 516.6 521.0 (0.8) • Order back
Slide 5: Industry segment
Industry segment Sales and order growth supported by Aerospace & Defense MCHF Key aspects • Positive order momentum continued from H2/2024 H1/2025 H1/2024 Δ% • Order intake up 3.0% year-over-year Order intake 170.7 165.7 3.0 • Double-digit sales growth primarily attributable to the strong developmen
Slide 6: Communication segment
Communication segment Significant contribution from Data Center growth initiative and improved profitability MCHF Key aspects • Order decline of 6.8% smaller than anticipated after H1/2025 H1/2024 Δ% end of mobile infrastructure project in India, as Data Center growth initiative recorded strong orde
Slide 7: Transportation segment
Transportation segment Higher order intake driven by positive impulse from Railway business MCHF Key aspects • Order intake up 3.8% H1/2025 H1/2024 Δ% • Railway subsegment with solid development due to Order intake 145.8 140.4 3.8 continued demand in Rail Communications growth initiative Net sales 1
Slide 8: Net sales by market segment
Net sales by market segment Industry up by double digits MCHF 200 Δ 15.0% Δ (1.2%) 150 31% Δ (2.2%) 35% 100 H1/2025 50 34% 0 Industry Communication Transportation Industry H1/2024 H1/2025 Communication Transportation 19 August 2025 | Half-year media and analysts' webcast 2025 8
Slide 9: Net sales by region
Net sales by region Shift from Asia-Pacific to the Americas, EMEA remained at prior-year level MCHF 300 250 Δ 1.7% 23% 200 150 H1/2025 54% Δ 31.6% Δ (11.4%) 100 23% 50 0 EMEA Americas Asia-Pacific EMEA H1/2024 H1/2025 Americas Asia-Pacific 19 August 2025 | Half-year media and analysts' webcast 2025
Slide 10: Agenda
Agenda Overview H1/2025 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2025 Urs Ryffel (CEO) Q&A Financial calendar 19 August 2025 | Half-year media and analysts' webcast 2025 10
Slide 11: Profitable growth compared to H1/2024
Profitable growth compared to H1/2024 Continued upward trend since second half of 2023 MCHF 600 12% 9.8% 10.1% 500 9.6% 9.7% 10% 8.2% 400 8% 300 6% 200 4% 100 2% 453 477 368 374 521 431 387 463 517 446 0 0% H1/23 H2/23 H1/24 H2/24 H1/25 Order intake Net sales EBIT-margin 19 August 2025 | Half-year m
Slide 12: Factors impacting order intake
Factors impacting order intake Strong organic growth partially offset by weakening foreign currencies MCHF 550 IND COM TRA -4.4 MCHF -0.8% +9.4 MCHF -7.0 MCHF +6.5 MCHF +5.7% -3.2% +4.6% 500 521.0 516.6 450 Organic development Currency & copper +8.9 MCHF -13.3 MCHF +1.7% -2.5% 400 Order intake H1/24
Slide 13: Factors impacting net sales
Factors impacting net sales Organic growth fuelled by Industry segment and partially offset by exchange rate effect MCHF 500 IND COM TRA +15.3 MCHF 450 +3.6% +24.1 MCHF +4.5 MCHF -2.0 MCHF +17.9% +2.9% -1.4% 400 445.9 430.6 Organic growth Currency & copper +26.6 MCHF -11.3 MCHF +6.2% -2.6% 350 Net s
Slide 14: Gross margin
Gross margin Improved due to business mix and higher load in production MCHF Gross profit Gross margin 200 37.7% 40% 35.8% 36.2% 34.9% 34.6% 150 30% 100 20% 50 10% 167 134 156 160 168 0 0% H1/23 H2/23 H1/24 H2/24 H1/25 19 August 2025 | Half-year media and analysts' webcast 2025 14
Slide 15: Operating expenses
Operating expenses Increase due to R&D investments, high sales commissions and IT costs MCHF 160 28.3% 28.1% 30% 26.9% 140 25.3% 25.2% 126 121 117 120 115 106 28 29 25 24 20% 100 21 80 28 32 29 28 28 60 10% 40 62 62 65 66 57 20 0 0% H1/23 H2/23 H1/24 H2/24 H1/25 S&M R&D Admin in % of net sales 19 Au
Slide 16: EBIT by market segment
EBIT by market segment EBIT increase of 8.4% driven by Industry and Communication MCHF H1/2025 In % H1/2024 In % Industry 26.2 16.9 22.9 17.0 Communication 12.3 8.0 10.4 6.7 Transportation 11.5 8.4 12.4 8.9 Corporate (5.0) (4.3) Total EBIT 45.0 10.1 41.5 9.6 19 August 2025 | Half-year media and anal
Slide 17: Currency situation 2025
Currency situation 2025 Swiss franc strengthened against all relevant currencies during H1/2025 FX / CHF 5% 30.06.2025 vs. 31.12.2024 Ø H1/2025 vs. Ø H1/2024 0.5% 0% -0.2% -0.3% -1.0% -2.5% -2.8% -5% -4.4% -4.2% -6.5% -6.5% -7.4% -10% -9.4% -10.5% -10.9% -15% AUD INR RMB USD EUR GBP PLN Ø H1/2025 0.
Slide 18: Financial result
Financial result Lower interest rate income and higher FX losses led to lower financial result MCHF 2 Net currency effects Other financial result 1 1.0 0.7 0 -1.1 -1.8 -1 -2 -0.4 -0.9 H1/2024 H1/2025 19 August 2025 | Half-year media and analysts' webcast 2025 18
Slide 19: Group tax rate
Group tax rate Less favourable country mix and withholding taxes led to higher tax rate 25% 20% 19.4% 16.8% 17.0% 15.3% 15% 10% 5% 0% H1/2024 H1/2025 Expected tax rate Effective tax rate 19 August 2025 | Half-year media and analysts' webcast 2025 19
Slide 20: Overview of balance sheet
Overview of balance sheet Solid structure MCHF 30.06.2025 31.12.2024 30.06.2024 Cash and cash equivalent / marketable securities 178 184 (3%) 152 Other current assets 351 397 (12%) 372 Non-current assets 310 308 1% 301 Financial liabilities - - - Other liabilities 200 233 (14%) 202 Equity* 639 657 (
Slide 21: Overview of cash flow
Overview of cash flow Free operating cash flow strongly improved MCHF H1/25 H1/24 Cash flow from operating activities 63.3 37.8 Cash flow from investing activities (excl. marketable securities) (28.0) (18.4) Free operating cash flow 35.3 19.4 Dividend payment (35.1) (31.4) Dividend payment to minori
Slide 22: Financial assessment of first half-year 2025
Financial assessment of first half-year 2025 Overall solid operational performance despite headwinds • Organic growth in orders and sales • FX development • Improved gross margin • Tariffs • Increase in EBIT • Strong free operating cash flow 19 August 2025 | Half-year media and analysts' webcast 202
Slide 23: Agenda
Agenda Overview H1/2025 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2025 Urs Ryffel (CEO) Q&A Financial calendar 19 August 2025 | Half-year media and analysts' webcast 2025 23
Slide 24: Market trends in Industry
Market trends in Industry Positive or improving dynamics in most submarkets • Aerospace & Defense with good demand amid rising defense budgets and continued investments in commercial satellite programmes – opportunities for cross-technology solutions General Industrial Aerospace & Defense • Test & M
Slide 25: Market trends in Communication
Market trends in Communication Generally soft demand countered by positive trends in submarkets • Data Center with strong demand that indicates significant sales growth potential – investments in hyperscaler infrastructure driven Data Center CEM Components by continuous data traffic growth, opening
Slide 26: Market trends in Transportation
Market trends in Transportation Sluggish demand in Automotive offset by Railway • Railway market continues to be supported by investments in rail infrastructure, enabling ecological mobility – Rolling Stock in Rail Communications growth mode again after dip following Covid Rolling Stock • Rail Commu
Slide 27: Outlook 2025
Outlook 2025 Guidance confirmed for full year Business outlook for 2025 and beyond Sales and EBIT guidance FY 2025 • Strong book-to-bill and order backlog in first half of 2025 represent base for • Due to the limited visibility, continued solid sales development HUBER+SUHNER refrains from narrowing
Slide 28: Agenda
Agenda Overview H1/2025 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2025 Urs Ryffel (CEO) Q&A Financial calendar 19 August 2025 | Half-year media and analysts' webcast 2025 28
Slide 29: Q&A
Q&A 19 August 2025 | Half-year media and analysts' webcast 2025 29
Slide 30: Financial calendar
Financial calendar Sales / order intake (9 months) 2025 21.10.2025 Sales / order intake (12 months) 2025 22.01.2026 Annual Report 2025 10.03.2026 Media and analysts’ conference FY 2025 10.03.2026 Annual General Meeting (Rapperswil SG) 01.04.2026 Figures are available online at www.hubersuhner.com/en
Slide 31: Connecting – today and beyond
Connecting – today and beyond
Slide 32: Disclaimer
Disclaimer This document is for presentation purposes only. It contains certain forward-looking statements including, but not limited to, those using the words “believes”, “assumes”, “expects” or formulations of a similar kind. Such forward-looking statements are made on the basis of assumptions and