Wacker Neuson Se · XETR:WAC
Wacker Neuson — Wacker Neuson Se Namen Ak — Q3 2025 Earnings Presentation
18 slides from Wacker Neuson's earnings presentation, Nov 13, 2025
Slide 1: Wacker Neuson Group – Q3/2025 Earnings Call & Webcast
Wacker Neuson Group – Q3/2025 Earnings Call & Webcast Dr. Karl Tragl (CEO), Christoph Burkhard (CFO) November 13, 2025
Slide 2: Overview – Q3/2025 and 9M/2025
Overview – Q3/2025 and 9M/2025 Q3/2025 9M/2025 Q3/2025 revenue increases compared Revenue Revenue to Q3/2024, 9M/2025 revenue € 550.3 m € 1,625.2 m characterized by low revenue in (6.3% YoY) (-5.6% YoY) Q1/2025 and persistently low demand in the US Profitability further stabilized: EBIT EBIT margin
Slide 3: Light Equipment and Services segment on previous year's level
Light Equipment and Services segment on previous year's level Compact Equipment: Light Equipment: Services: 55% of Group revenue1 22% of Group revenue1 23% of Group revenue1 in € m in € m in € m -10% +1% 1,002.6 -1% 377.2 381.4 903.9 354.0 352.1 9M/2024 9M/2025 9M/2024 9M/2025 9M/2024 9M/2025 1 9M/2
Slide 4: All regions down YoY
All regions down YoY Americas: Europe: Asia-Pacific: 20% of Group revenue1 78% of Group revenue1 2% of Group revenue1 in € m in € m -4% in € m 1,323.5 1,269.3 -21% -10% 356.5 42.4 322.4 33.5 9M/2024 9M/2025 9M/2024 9M/2025 9M/2024 9M/2025 1 9M/2024: Americas 21%; Europe 77%; APAC 2%. Wacker Neuson S
Slide 5: Net working capital development
Net working capital development As of September 30, 2025 NWC ratio (annualized) 39.0% 34.6% 35.5% 29.7% 31.4% NWC ratio (LTM) 34.2% 31.7% 32.8% 32.8% 32.4% [€ m] 850 800 750 700 650 600 550 500 Inventories Net working capital 30.09.2024 31.12.2024 31.03.2025 30.06.2025 30.09.2025 1 Net Working Capit
Slide 6: Net financial debt further down and leverage consequently below 1
Net financial debt further down and leverage consequently below 1 € 116 m € 258 m Free cash flow Net financial debt1 0.9 Net financial debt / EBITDA2 1 Net financial debt = Non-current financial liabilities + Current liabilities to banks + Current portion of non-current liabilities - Cash and cash e
Slide 7: Milestones in the implementation of the Strategy 2030
Milestones in the implementation of the Strategy 2030 Americas Growth Strategy: Time to Market and Innovation: John Deere cooperation on track further development of our LE portfolio zero emission Solutions: expansion of our sustainable solutions Wacker Neuson SE, Q3/2025 Earnings Call & Webcast, No
Slide 8: Outlook 2025
Outlook 2025 Stable order book in the course of the year Wacker Neuson Group Guidance 2025 narrowed Recovery in EU construction industry in the medium-term, but slower than initially expected Revenue EBIT margin CECE business climate index for the European construction1 stagnated € 2,150 m – € 2,250
Slide 9: Key takeaways 9M/2025
Key takeaways 9M/2025 1 Revenue is in line to reach full-year guidance. Narrowed margin guidance is driven by underlying US-tariff impact 2 and geopolitical uncertainties. We are ready to seize the opportunities in the years ahead presented by 3 the German Special Fund. Our strong balance sheet is o
Slide 10: Nobody is perfect, but a team can be!
Nobody is perfect, but a team can be! Wacker Neuson SE, Q3/2025 Earnings Call & Webcast, November 13, 2025 10
Slide 11: Financial calendar and contact
Financial calendar and contact November 24-26, 2025 German Equity Forum, Frankfurt Disclaimer Contact This document contains forward-looking statements which are based on the current estimates and assumptions by the corporate management of Wacker Neuson Group. Forward-looking statements are characte
Slide 12: Appendix
Appendix Wacker Neuson SE, Q3/2025 Earnings Call & Webcast, November 13, 2025 12
Slide 13: Revenue and profitability – Q3/2025 and 9M/2025
Revenue and profitability – Q3/2025 and 9M/2025 Profitability stabilizes despite slow market recovery Comments Revenue EBIT [€ m] margin Revenue: 700 20% • Q3/2025 revenue increased by 6.3% compared to previous year 593 612 581 600 550 518 513 494 • 9M/2025 revenue decreased by 5.6% compared to prev
Slide 14: Development of regions and business segments – 9M/2025
Development of regions and business segments – 9M/2025 All regions down compared to previous year Comments Revenue Share YoY EBIT1 Revenue Europe (EMEA) -4.1% YoY [€ m] (adj. for FX effects: -4.1%) Europe 1,269.3 78% -4% 75.7 • Higher revenues in Q3/2025 compared to previous year Americas 322.4 20%
Slide 15: Development of NWC components – 9M/2025
Development of NWC components – 9M/2025 Inventories Trade receivables Inventories DIO1 Trade receivables DSO2 [€ m] [Days] [€ m] [Days] 1,000 400 500 200 780 387 384 800 726 400 665 622 300 318 328 317 150 616 594 612 298 600 300 254 157 143 152 142 146 200 100 123 132 60 400 200 57 56 55 51 53 45 1
Slide 16: NWC and cash flow development – 9M/2025
NWC and cash flow development – 9M/2025 Net working capital (LTM) Cash flow from operating activities Net working capital Net working € 173 m [€ m] capital ratio1 € 160 m 1,000 918 906 100% 150 133 808 110 800 709 700 691 692 80% 100 61 63 61 600 60% 50 36 36% 36% 34% 1 32% 33% 33% 32% 400 40% 0 Q1/
Slide 17: Financial structure development – 9M/2025
Financial structure development – 9M/2025 Net financial debt and gearing Net financial debt / EBITDA (LTM)3 Net financial debt1 Gearing2 [€ m] 500 466 100% 1.6 1.4 402 390 1.4 1.3 400 80% 1.1 1.1 1.1 1.1 311 299 1.2 298 300 258 60% 1.0 0.9 0.8 200 32% 40% 26% 26% 0.6 21% 20% 20% 17% 100 20% 0.4 0.2
Slide 18: The Wacker Neuson SE share
The Wacker Neuson SE share Share price development vs. relevant indices1 Dividend payout 300% 4.00 +48% 53% 41% 48% 42% 58% 0% 45% 3.50 200% 3.00 2.73 180% 160% 2.50 2.10 3 2.06 1.99 140% 2.00 0.65 120% 1.50 1.26 1.15 1.10 1.00 1.03 100% 1.00 0.50 0.90 0.60 0.60 80% 0.501.41 0.20 60% 0.60 0.00 0.00
Wacker Neuson Se Namen Ak — Q3 2025 Earnings Presentation on 6ix