Palfinger Ag · VIE:PAL
Palfinger — H1 2025 Earnings Presentation
26 slides from Palfinger's earnings presentation, Jul 25, 2025
Slide 1: Lifting Value – Creating Momentum
LIFTING VALUE – CREATING MOMENTUM PUBLICATION OF RESULTS 1ST HALF YEAR 2025 Vienna, July 25, 2025
Slide 2: Global Market Leader with Growth and Earnings Potential
GLOBAL MARKET LEADER WITH GROWTH AND EARNINGS POTENTIAL Equity Story: What sets us apart. As a market and innovation leader, PALFINGER creates Market added value for its customers every day with smart leader technologies. Broad product portfolio, global presence, industry diversity, Resilience and c
Slide 3: Global Leader with Unmatched Coverage
GLOBAL LEADER WITH UNMATCHED COVERAGE CIS2) 1 Market leader in crane Present in all APAC 7% 4% and lifting solutions regions Revenues of 30 production sites LATAM EUR 2.36 billion in 2024 worldwide 5% Revenue distribution EMEA Maximum A strong 59% by region 1st HY2025 customer proximity team Compreh
Slide 4: Positive Market Development
POSITIVE MARKET DEVELOPMENT Significant events in the 1st half year 2025 Order Higher order intake since Q4/2024, especially in EMEA. intake Increased Due to increased order intake, PALFINGER began output increasing capacity in the first half of the year. Strengthening our presence in Europe and Asi
Slide 5: "In the Region for the Region" Strategy Is Working
“IN THE REGION FOR THE REGION” STRATEGY IS WORKING The top-selling products in the USA − Loader cranes − Tail lifts NAM HQ SCHAUMBURG − Service cranes − Aerial work platforms Impact of tariff policy on PALFINGER − Tariff-related costs are being passed on to the market. − Volatile demand Actions to c
Slide 6: Resilience through Industry Diversity
RESILIENCE THROUGH INDUSTRY DIVERSITY 7% 13% RENTAL TRANSPORT & LOGISTICS 10% FORESTRY 12% MARINE 12% PUBLIC SECTOR & RAILWAY 13% 11% INFRA- WASTE STRUCTURE MANAGEMENT & RECYCLING 10% 12% PRIVATE BUILDING HOUSING CONSTRUCTION 6
Slide 7: Innovative and Powerful Product Portfolio
INNOVATIVE AND POWERFUL PRODUCT PORTFOLIO LOADER TIMBER / TAIL LIFTS MARINE DAVITS CRANES RECYCLING CRANES PASSENGER AERIAL WORK TURNKEY DIGITAL OFFSHORE BOATS SYSTEMS PLATFORMS SOLUTIONS SOLUTIONS CRANES HOOK LIFTS & TRUCK-MOUNTED RAILWAY WIND WINCHES SKIPLOADERS FORKLIFTS SYSTEMS CRANES 7
Slide 8: Segment Sales & Service
SEGMENT SALES & SERVICE Felix Strohbichler, CFO
Slide 9: Global Positioning as a Growth Driver
Segment Sales & Service GLOBAL POSITIONING AS A GROWTH DRIVER EMEA Higher order intake compared to the previous year. Despite the ongoing tariff conflict, order intake in the NAM NAM region is developing positively. LATAM The LATAM region was stable during the reporting period. Positive order develo
Slide 10: Significant Increase in Service Share
Segment Sales & Service SIGNIFICANT INCREASE IN SERVICE SHARE In EUR million 1st HY/20231) 1st HY/2024 1st HY/2025 Δ% External revenue 1,096.3 1,045.5 1,026.5 -1.8 % EBITDA 105.5 132.9 115.3 -13.2 % EBIT 93.9 122.7 104.5 -14.8 % EBIT margin 8.6 % 11.7 % 10.2 % - In EUR million 1st HY/20231) 1st HY/2
Slide 11: Segment Operations
SEGMENT OPERATIONS
Slide 12: Capacity Increases in EMEA Driven by Higher Order Intake
Segment Operations CAPACITY INCREASES IN EMEA DRIVEN BY HIGHER ORDER INTAKE Production for Reduced external revenue in production for third parties due third parties to the difficult economic environment. Capacity increase in production in EMEA initiated due to EMEA positive order intake development
Slide 13: Performance Impacted by Lower Utilization
Segment Operations PERFORMANCE IMPACTED BY LOWER UTILIZATION In EUR million 1st HY/2023 1st HY/2024 1st HY/2025 Δ% External revenue 91.4 73.2 66.3 -9.4 % EBITDA 66.8 39.9 33.8 -15.3 % EBIT 45.9 15.8 9.0 -43.0 % 13
Slide 14: Segment Other Non-Reportable Segments
SEGMENT OTHER NON-REPORTABLE SEGMENTS
Slide 15: Challenging Market Environment for Tail Lifts Leads to Decline in Revenue
Other non-reportable segments CHALLENGING MARKET ENVIRONMENT FOR TAIL LIFTS IN EUROPE AND USA LEADS TO A DECLINE IN REVENUE In EUR million 1st HY/20231) 1st HY/2024 1st HY/2025 Δ% External revenue 27.2 56.7 46.7 -17.6 % EBITDA -14.4 -16.4 -12.4 24.4 % EBIT -28.5 -26.4 -23.1 12.5 % 1) The carve-out o
Slide 16: PALFINGER Group
PALFINGER GROUP
Slide 17: Revenue and Earnings in First Half Year Still Significantly Below Previous Year
PALFINGER Group AS FORECAST, REVENUE AND EARNINGS IN FIRST HALF YEAR STILL SIGNIFICANTLY BELOW PREVIOUS YEAR In EUR million 1st HY/20231) 1st HY/2024 1st HY/2025 Δ% Revenue 1,214.9 1,175.4 1,139.5 -3.1 % EBITDA 157.9 156.4 136.7 -12.6 % EBIT (operating result) 111.3 112.2 90.4 -19.4 % EBIT margin 9.
Slide 18: Improvement in Equity, Net Financial Debt and Gearing
PALFINGER Group IMPROVEMENT IN EQUITY, NET FINANCIAL DEBT AND GEARING In EUR million 30.06.2023 30.06.2024 30.06.2025 Equity 674.7 752.7 767.9 Equity ratio 33.1 % 34.3 % 36.2 % Net debt 722.9 763.3 687.7 Gearing 107.2 % 101.4 % 89.6 % Net debt/EBITDA 2.70 2.53 2.67 ROCE*) 10.2 % 11.0 % 8.5 % *) ROCE
Slide 19: On Track to Reach Free Cash Flow Target
PALFINGER Group ON TRACK TO REACH TARGET OF > EUR 100 MILLION FREE CASH FLOW FOR THE FULL YEAR In EUR million 1st HY/2023 1st HY/2024 1st HY/2025 EBTDA 143.1 134.8 118.7 +/- non-cash income from at-equity -2.1 -6.5 -1.9 companies +/- change in working capital -105.5 -57.7 -48.3 +/- cash flow from ta
Slide 20: Potential Sale of Treasury Shares Creates Growth Potential
POTENTIAL SALE OF TREASURY SHARES CREATES GROWTH POTENTIAL Ad hoc announcement Start of the evaluation of a private placement of 2,826,516 dated April 1, 2025 treasury shares. Among other things, expansion of service structures, Planned use of the exploitation of growth opportunities – especially in
Slide 21: Strong Price Increase in the First Half Year
STRONG PRICE INCREASE IN THE FIRST HALF YEAR 75,00% 50,00% Free float Palfinger 36,0% family Shareholder 56,5% 25,00% structure 0,00% Treasury January-25 March-25 May-25 shares 7,5% PALFINGER AG ATX -25,00% Share price Market capitalization Share price Tenfold increase December 30, 2024 June 30, 202
Slide 22: Outlook
OUTLOOK Andreas Klauser, CEO
Slide 23: Market Potential in the Global Investment Environment Exceeds EUR 2 Trillion
MARKET POTENTIAL IN THE GLOBAL INVESTMENT ENVIRONMENT EXCEEDS EUR 2 TRILLION PALFINGER participates in investment programs worldwide. Fiscal Package Germany RePower Europe Budget: EUR 500 billion Budget: EUR 210 billion Europe rearmament USA Stargate Project Budget: over EUR 800 billion Budget: USD
Slide 24: Compensation for Decline in Revenue and EBIT Expected in Second Half
COMPENSATION FOR THE DECLINE IN REVENUE AND EBIT EXPECTED IN THE SECOND HALF OF THE YEAR Anticipated Further recovery of the markets in Europe and the USA and market therefore a further increase in order intake expected. development In the second half of the year, PALFINGER is aiming to Target for c
Slide 25: EUR 2.7 bn Financial Targets
FOCUS ON REVENUE GROWTH AND SUSTAINABLE EARNINGS EUR 2.7 bn revenue through organic growth FINANCIAL TARGETS 10% EBIT margin 2027 >12% ROCE CAPITAL MARKETS DAY 10.10. New group strategy and ambitious financial targets for 2030 25
Slide 26: Lifting Value – Creating Momentum
LIFTING VALUE – CREATING MOMENTUM If you have any questions, please contact: Andreas Klauser Felix Strohbichler Hannes Roither CEO CFO VP Investor Relations +43 662 2281-81008 +43 662 2281-81004 +43 662 2281-81100 a.klauser@palfinger.com f.strohbichler@palfinger.com h.roither@palfinger.com PALFINGER