Durr Ag · XETR:DUE
Durr — Dürr Aktiengesellschaft — Q2 2025 Earnings Presentation
31 slides from Durr's earnings presentation, Jul 24, 2025
Slide 1: Conference call
Conference call Dr. Jochen Weyrauch, CEO of Dürr AG Dietmar Heinrich, CFO of Dürr AG July 24, 2025 Bietigheim-Bissingen
Slide 2: Disclaimer
Disclaimer This publication has been prepared independently by Dürr AG/Dürr Group. It may contain statements which address such key issues as strategy, future financial results, events, competitive positions and product developments. Such forward-looking statements are subject to a number of risks,
Slide 3: Challenging environment impacts performance in Q2
Challenging environment impacts performance in Q2 ▪ Second quarter impacted by geopolitical environment and tariff conflicts ▪ Significant investment uncertainty ▪ Development of e-mobility slower than anticipated ▪ Sale of environmental technology important milestone in the Dürr Group’s strategic t
Slide 4: Trading update (Continued operations)
1 Trading update (Continued operations) 4
Slide 5: Actuals and guidance for continued operations
1. Actuals and guidance for continued operations Business slowdown in Q2, positive and negative extraordinary effects to impact FY results Dürr Group continued operations (ex environmental technology) Q2 H1 FY 2025 forecast Comments 2025 2024 Δ 2025 2024 Δ OLD NEW Order intake Impacted by tariff con
Slide 6: Order intake
1. Order intake Tariff conflicts impacted customers´capex spending in Q2 after a very decent start to the year Book-to-bill Order intake Key aspects ▪ Weakening order intake in Q2 in all divisions due to economic uncertainty 1.36 -33.5% -25.3% ▪ Short-term capex interruptions/cost saving measures at
Slide 7: Sales revenues
1. Sales revenues Sales in Q2 on Q1 level, sales acceleration expected in H2 Sales revenues in € m Key aspects -7.7% -0.6% ▪ Singular customer induced project execution delays in Automotive ▪ Sales in Industrial Automation and Woodworking affected by low orders on hand Sales per region H1 2025 1,084
Slide 8: EBIT margin before extraordinary effects
1. EBIT margin before extraordinary effects Improvement in Q2 compared to Q1 EBIT margin bef. e. e.* in % EBIT bef. e. e.* in € m Key aspects ▪ Good gross margins in equipment business reflecting value 5.1 before volume strategy 4.7 ▪ Temporarily lower earnings contribution from service business 4.4
Slide 9: Free cash flow
1. Free cash flow Strong free cash flow in Q2 as a result of our tight NWC management Free cash flow in € m Key aspects ▪ High prepayments ▪ Contract assets on a low level 56 49 46 18 7 1 Q1 Q2 Q3 Q4 Q1 Q2 2024: €130 m H1 2025: €47 m Strong basis laid for achieving the FY target www.durr-group.com ©
Slide 10: Divisions: Automotive
1. Divisions: Automotive Earnings resilience: strong margin in Q2 despite muted sales H1 H1 Q2 Q2 2025 2024 Δ 2025 2024 Δ Incoming orders in € m 904.7 1,525.4 -40.7% 402.0 698.1 -42.4% Sales revenues in € m 981.7 957.7 2.5% 499.3 511.3 -2.4% EBIT before extraordinary effects in € m 70.9 66.5 6.7% 37
Slide 11: Divisions: Industrial Automation
1. Divisions: Industrial Automation Muted business in Q2 after promising Q1 H1 H1 Q2 Q2 2025 2024 Δ 2025 2024 Δ Incoming orders in € m 324.1 379.4 -14.6% 130.2 202.9 -35.8% Sales revenues in € m 367.0 447.3 -17.9% 169.2 223.4 -24.3% EBIT before extraordinary effects in € m 8.8 21.1 -58.1% 1.7 8.5 -7
Slide 12: Divisions: Woodworking
1. Divisions: Woodworking Economic uncertainty delays market recovery H1 H1 Q2 Q2 2025 2024 Δ 2025 2024 Δ Incoming orders in € m 671.1 698.6 -3.9% 279.9 321.3 -12.9% Sales revenues in € m 674.0 705.9 -4.5% 339.0 358.9 -5.5% EBIT before extraordinary effects in € m 29.2 21.5 35.9% 15.7 10.7 46.8% EBI
Slide 13: Outlook: Guidance 2025
1. Outlook: Guidance 2025 Continued operations Actual 2024 Targets 2025 (March) Targets 2025 (July) Incoming orders in € m 4,745.7 4,300 – 4,700 3,800 – 4.100 Sales revenues in € m 4,290.9 4,200 – 4,600 4,200 – 4.600 EBIT margin before extraordinary effects in % 4.6 4.5 – 5.5 4.5 – 5.5 EBIT margin i
Slide 14: Goodwill impairment: Production Automation Systems
1. Goodwill impairment: Production Automation Systems Development of e-mobility slower than anticipated Establishing ourselves as a global Goodwill impairment automation player ▪ Acquisition of BBS Automation in June ▪ €110 to 130 million impairment on 2023 created a leading global goodwill (non-cas
Slide 15: Progress towards Sustainable Automation
2 Progress towards Sustainable Automation 15
Slide 16: Clear strategic focus on Sustainable Automation
2. Clear strategic focus on Sustainable Automation Full focus on core business: Sustainable.Automation Trans- Simplified Group structure: 3 instead of 5 divisions formation Agile divisions, lean admin processes targets Reduce debt leverage, active portfolio management www.durr-group.com © Dürr AG, C
Slide 17: Disposal of the environmental technology business
2. Disposal of the environmental technology business Stellex Capital acquires Dürr‘s Clean Technology Systems Environmental Key facts ▪ Enterprise value: ~ €385 m (€407 m sales in 2024) ▪ Buyer: Stellex Capital ▪ Dürr retains 25% re-investment share ▪ Net proceeds: ~ €250 m expected (after cost for
Slide 18: Transformation completed: 3 instead of 5 divisions
2. Transformation completed: 3 instead of 5 divisions Lean organization and full focus on core business Dürr Group. Sustainable. Automation. Divisions Automotive Industrial Automation Woodworking Paint shops, Production automation, Major final assembly lines, balancing technology, Woodworking tech
Slide 19: Adjustment of Group administrative structure
2. Adjustment of Group administrative structure Working towards making Dürr more robust, efficient and focused ▪ Reduction of around 500 employees in administration planned [central functions and divisions] by the end of 2026 ▪ More entrepreneurial autonomy of divisions; key performance guidance by
Slide 20: Sustainable Automation: Actions taken
2. Sustainable Automation: Actions taken Milestones of our transformation process From 08/2025 Adjustment 06/2025 of admin Sale of structure environmental 04/2025 technology (signing) New structure for 07/2024 06/2025 HOMAG established Targets reached Sale of Agramkow 06/2025 ▪ Lean Group structure
Slide 21: View on the coming months
2. View on the coming months Underlying trends remain intact; Dürr well positioned in major markets Dürr Group. Sustainable. Automation. Divisions Automotive Industrial Automation Woodworking • Solid pipeline extending into 2026 • E-mobility lagging behind due to • Substantial restructuring has put
Slide 22: Outlook
2. Outlook Clear strategic focus: sustainable automation of production processes Taking proactive measures against global economic uncertainties and subdued situation in our core markets Establishing leaner, more efficient administrative structure Self help: well prepared for next upswing due to opt
Slide 23: Appendix
3. Appendix www.durr-group.com © Dürr AG, Conference call, July 24, 2025 23
Slide 24: Overview: KPIs H1 continued operations
3. Overview: KPIs H1 continued operations in € m H1 2024 Margin -27% -8% H1 2025 2,587 -4% 88 81 2,093 2,008 1,887 +92% 4.2% 47 4.0% 25 Incoming orders Sales revenues EBIT before Free cash flow extraord. effects ▪ Incoming orders: subdued capex spending due to tariff conflicts in Q2, huge paint shop
Slide 25: Overview: KPIs H1 Dürr Group as a whole
3. Overview: KPIs H1 Dürr Group as a whole in € m H1 2024 Margin -26% -7% H1 2025 2,792 -4% 114 106 2,281 2,193 2,066 +40% 5.0% 62 4.8% 44 Incoming orders Sales revenues EBIT before Free cash flow extraord. effects ▪ Incoming orders below H1 2024: subdued capex spending due to tariff conflicts in Q2
Slide 26: Divisions: Clean Technology Systems Environmental
3. Divisions: Clean Technology Systems Environmental Sale to Stellex Capital expected to be closed in Q4 H1 H1 Q2 Q2 2025 2024 Δ 2025 2024 Δ Incoming orders in € m 179.2 204.7 -12.5% 90.2 90.6 -0.5% Sales revenues in € m 184.2 188.8 -2.4% 88.7 98.9 -10.3% EBIT before extraordinary effects in € m 25.
Slide 27: Overview: H1 order intake
3. Overview: H1 order intake (continued operations) Good development in Europe (excl. Germany) and Asia in € m -27% ▪ Intake of larger orders shows broad 2.587 international spead ▪ H1 2024: large orders mainly in Europe 1.887 -72% -5% -20% -36% 751 +58% 656 665 635 523 314 319 202 208 202 Total Chi
Slide 28: Divisions: Service business
3. Divisions: Service business (continued operations) % of group sales Service sales in € m Key aspects ▪ H1 2025: 27.1% sales share of service business 28.1 27.6 29.1 27.8 ▪ Lower volume in Q2 due to short-term spending restrictions at 25.5 26.3 customers Service mix H1 2025 332 +1 pp 284 277 291 2
Slide 29: Overview key financial indicators
3. Overview key financial indicators Continued business H1 2025 H1 2024 Δ Q2 2025 Q2 2024 Δ Sales revenues in € m 2,008.3 2,092.5 -4.0% 1,000.9 1,084.0 -7.7% Gross profit on sales in € m 452.2 439.0 3.0% 226.0 220.7 2.4% Gross margin in % 22.5 21.0 +1.5 pp 22.6 20.4 +2.2 pp EBIT before extraordinary
Slide 30: Financial calendar
3. Financial calendar August 2025 September 2025 ▪ 08/07/2025 Interim financial report for the first half of 2025 ▪ 09/03/2025 Commerzbank & ODDO BHF Conference, Frankfurt ▪ 08/28/2025 BofA’s Back to school Field trip, virtual ▪ 09/04/2025 Morgan Stanley Industrial CEOs Unplugged, London ▪ 09/11/202
Slide 31: Conference call
Conference call Dr. Jochen Weyrauch, CEO of Dürr AG Dietmar Heinrich, CFO of Dürr AG July 24, 2025 Bietigheim-Bissingen
Dürr Aktiengesellschaft — Q2 2025 Earnings Presentation on 6ix