Huber + Suhner Ag · SIX:HUBN
Huber + Suhner — H1 2026 Earnings Presentation
33 slides from Huber + Suhner's earnings presentation, Aug 18, 2026
Slide 1: HUBER+SUHNER
HUBER+SUHNER
Slide 2: Half-year results 2026
Half-year results 2026 Media and analyst webcast 18 August 2026 | Half-year media and analyst webcast 2026 2
Slide 3: Agenda
Agenda Overview H1/2026 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2026 Urs Ryffel (CEO) Q&A 18 August 2026 | Half-year media and analyst webcast 2026 3
Slide 4: Increase in order intake and sales in H1/2026
Increase in order intake and sales in H1/2026 MCHF Key aspects • Continued strong book-to-bill rate of H1/2026 H1/2025 Δ% 1.19 (PY 1.16) • High order backlog of CHF 516.7 Order intake 542.8 516.6 5.1 million as of 30 June • Net sales up 2.6%, mostly driven by Net sales 457.4 445.9 2.6 development in
Slide 5: Industry records strong growth overall
Industry records strong growth overall MCHF Key aspects • Momentum further accelerated, with H1/2026 H1/2025 Δ% double-digit growth in order intake, net sales and EBIT Order intake 241.8 170.7 41.7 • Result driven primarily by strong demand in Aerospace & Defense and Net sales 189.4 155.1 22.1 Test
Slide 6: Communication sees profitability impacted by OCS ramp-up
Communication sees profitability impacted by OCS ramp-up MCHF Key aspects • Order intake decreased by 30.0% H1/2026 H1/2025 Δ% amid weaker demand in traditional communication end markets Order intake 140.0 200.2 (30.0) • Net sales fell by 14.1%, however first contribution from OCS in Data Center Net
Slide 7: Transportation increases order intake and margin
Transportation increases order intake and margin MCHF Key aspects • Order intake rose 10.4% thanks to H1/2026 H1/2025 Δ% demand in Rail Communications and Electric Vehicle growth initiatives Order intake 161.0 145.8 10.4 • Automotive generally saw slight recovery in business volumes, while Net sales
Slide 8: Net sales shift to EMEA, as APAC and Americas decrease
Net sales shift to EMEA, as APAC and Americas decrease MCHF 300 +13.3% 250 19% 200 150 H1/2026 21% 60% -4.4% 100 -15.6% 50 0 EMEA Americas Asia-Pacific EMEA H1/2025 H1/2026 Americas Asia-Pacific 18 August 2026 | Half-year media and analyst webcast 2026 8
Slide 9: Agenda
Agenda Overview H1/2026 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2026 Urs Ryffel (CEO) Q&A 18 August 2026 | Half-year media and analyst webcast 2026 9
Slide 10: Record order backlog at the end of H1/2026
Record order backlog at the end of H1/2026 MCHF 600 517 500 432 400 323 320 291 300 272 247 230 214 195 200 177 100 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1/2026 18 August 2026 | Half-year media and analyst webcast 2026 10
Slide 11: Topline grows while EBIT margin decreases amid OCS ramp-up
Topline grows while EBIT margin decreases amid OCS ramp-up MCHF 600 12% 500 10% 400 8% 300 6% 200 4% 100 2% 521.0 430.6 387.0 463.3 516.6 445.9 515.4 418.2 542.8 457.4 0 0% H1/24 H2/24 H1/25 H2/25 H1/26 Order intake Net sales EBIT-margin 18 August 2026 | Half-year media and analyst webcast 2026 11
Slide 12: Factors impacting order intake
Factors impacting order intake MCHF 700 81.2 600 13.9 542.8 +5.1% 516.6 -51.0 -17.9 500 400 Organic: +8.5% -3.4% 300 200 100 0 H1/2025 Industry Communication Transportation FX, copper & portfolio H1/2026 18 August 2026 | Half-year media and analyst webcast 2026 12
Slide 13: Factors impacting net sales
Factors impacting net sales MCHF 600 500 42.4 445.9 -13.8 457.4 +2.6% -2.0 -15.1 400 Organic: +6.0% -3.4% 300 200 100 0 H1/2025 Industry Communication Transportation FX, copper & portfolio H1/2026 18 August 2026 | Half-year media and analyst webcast 2026 13
Slide 14: Gross margin declines due to Communication segment
Gross margin declines due to Communication segment MCHF Gross profit Gross margin 200 37.7% 38.1% 40% 36.2% 36.6% 34.6% 150 30% 100 20% 50 10% 156 160 168 159 167 0 0% H1/2024 H2/2024 H1/2025 H2/2025 H1/2026 18 August 2026 | Half-year media and analyst webcast 2026 14
Slide 15: Slight increase of operating expenses
Slight increase of operating expenses MCHF 150 28.1% 27.8% 28.2% 30% 26.9% 25.2% 28.2 30.4 25.7 23.6 26.0 100 20% 27.8 31.5 32.6 28.3 30.0 50 10% 61.9 65.1 65.7 60.5 65.8 0 0% H1/2024 H2/2024 H1/2025 H2/2025 H1/2026 S&M R&D Admin in % of net sales 18 August 2026 | Half-year media and analyst webcast
Slide 16: EBIT decline caused by Communication segment
EBIT decline caused by Communication segment MCHF EBIT bridge EBIT margin 60.0 25% 10.9 50.0 19.6% 20% 45.0 16.9% 0.7 41.2 -13.3 40.0 -2.1 15% 10.1% 30.0 10% 9.0% 9.0% 8.0% 8.4% 20.0 5% 10.0 0% -0.8% 0.0 -5% H1/2025 Industry Communication Transportation Corporate H1/2026 Total Industry Communication
Slide 17: Lower FX losses lead to better financial result
Lower FX losses lead to better financial result MCHF 2 Net currency effects Other financial result 1 1.0 0.8 0 -1.2 -1.8 -1 -0.4 -2 -0.8 H1/2025 H1/2026 18 August 2026 | Half-year media and analyst webcast 2026 17
Slide 18: Reduced tax rate thanks to geographic mix
Reduced tax rate thanks to geographic mix 25% 20% 19.4% 18.1% 17.0% 15% 14.4% 10% 5% 0% H1/2025 H1/2026 Expected tax rate Effective tax rate 18 August 2026 | Half-year media and analyst webcast 2026 18
Slide 19: Increase in balance sheet due to higher net working capital
Increase in balance sheet due to higher net working capital MCHF 30.06.2026 31.12.2025 Δ% 30.06.2025 Cash and cash equivalent / marketable securities 146 211 (31) 178 Other current assets 435 337 29 351 Non-current assets 327 319 3 310 Financial liabilities 0 0 0 Other liabilities 237 192 23 200 Equ
Slide 20: Rise in net working capital impacts free cash flow
Rise in net working capital impacts free cash flow MCHF H1/2026 H1/2025 Cash flow from operating activities 2.9 63.3 Cash flow from investing activities (excl. marketable securities) (28.1) (28.0) Free operating cash flow (25.2) 35.3 Dividend payment (36.9) (35.1) Dividend payment to minorities 0.0
Slide 21: Financial assessment H1/2026
Financial assessment H1/2026 • Record order intake and order backlog • EBIT margin in Communication segment impacted by OCS ramp-up cost • Organic growth in sales • Negative free operating cash flow • Improved EBIT margins in Industry and Transportation segments • FX development 18 August 2026 | Hal
Slide 22: Agenda
Agenda Overview H1/2026 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2026 Urs Ryffel (CEO) Q&A 18 August 2026 | Half-year media and analyst webcast 2026 22
Slide 23: Highly attractive markets across all three segments
Highly attractive markets across all three segments Industry Communication Transportation Growth Growth Growth Aerospace & initiative Test & Data initiative Mobile Rail initiative Rolling Defense Measurement Center Network Communications Stock Growth High Power General Fixed Access CEM Electric init
Slide 24: Market outlook in Industry
Market outlook in Industry • Aerospace & Defense continues to benefit from elevated defence spending, while commercial satellite and “New Space” programmes support demand for communication solutions; increasing cross- General Industrial Aerospace & Defense technology offering creates opportunities •
Slide 25: Acquisition of Ingun announced in July
Acquisition of Ingun announced in July Multiple applications • Ingun is a leading provider of high-precision test and electrical contacting solutions • Headquartered in Constance (Germany), with more than 400 employees worldwide, production sites in Europe and Asia, and global sales and service netw
Slide 26: Market outlook in Communication
Market outlook in Communication • Data Center benefits from AI-driven investments in data centre infrastructure, rapidly growing data traffic, and expanding cloud Data Center CEM Components and co-location markets – OCS becoming important enabling technology Mobile Network • Fixed Access Network and
Slide 27: Market outlook in Transportation
Market outlook in Transportation • Electric Vehicle adoption in the commercial space gradually progressing – long-term growth supported by economical viability, Rail Communications regulatory requirements and the continued roll-out of charging Rolling Stock infrastructure • Advanced Driver Assistanc
Slide 28: Outlook
Outlook Guidance confirmed for full-year 2026 • Through its diversified portfolio, HUBER+SUHNER is well-positioned to benefit from key global megatrends such as electrification, artificial intelligence and security • Acquisition of Ingun starts to contribute as of fourth quarter 2026 • Strong book-t
Slide 29: Financial calendar
Financial calendar Capital Market Day 2026 (Pfäffikon ZH) 18.09.2026 Order intake and net sales 2026 (9 months) 20.10.2026 Order intake and net sales 2026 (12 months) 21.01.2027 Annual Report 2026 16.03.2027 Media and analyst conference and webcast 16.03.2027 Annual General Meeting (Rapperswil SG) 0
Slide 30: Agenda
Agenda Overview H1/2026 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2026 Urs Ryffel (CEO) Q&A 18 August 2026 | Half-year media and analyst webcast 2026 30
Slide 31: Q&A
Q&A 18 August 2026 | Half-year media and analyst webcast 2026 31
Slide 32: Connecting – today and beyond
Connecting – today and beyond
Slide 33: 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