Slide 1: Krones Q1 2025 Conference Call
Krones Q1 2025 Conference Call May 09, 2025 Christoph Klenk, CEO Uta Anders, CFO
Slide 2: Krones starts with success in the year 2025
Krones starts with success in the year 2025; Revenue and profitability increased again and follow the profitable growth strategy. However, uncertainties are rising due to tariffs and implications on world trade. Order intake in Q1 2025 at Revenue growth in Q1 2025 EBITDA margin in Q1 Targets for 202
Slide 3: Krones highlights Q1
Krones highlights Q1 €1.44 billion +13.1% 10.6% +€165 million Order intake Revenue EBITDA margin Free cash flow w/o M&A (PY €1.48 billion) €1,410 million (PY 10.1%) (PY +€184 million) 3 Krones Conference Call May 09, 2025
Slide 4: Order intake (€ million)
Order intake (€ million) Order intake (€ million) Market demand in the filling and packaging industry still stable and 5,377 5,461 the order pipeline is robust -7.0% +1.6% Q4 1,263 1,345 − In Q1 2025 order intake increased as expected by 6.8% vs. Q4 2024 Q3 1,328 1,323 − For 2025 a more balanced ord
Slide 5: Order backlog (€ million)
Order backlog (€ million) Order backlog (€ million) − Despite strong revenue growth after 4,315 3 months 2025 (+13.1%) the order 4,289 4,122 +0.6% backlog of €4.3 billion increased +4.1% +18.9% again by 0.6% compared to the end of 2024 and just slightly decreased by 1.0% compared to the previous yea
Slide 6: Revenue split by region: industrialized and emerging markets
The well-balanced revenue split in industrialized (48%) and emerging markets (52%) reflects the strong resilience of Krones Share of revenues (Q1) Europe Eastern Europe/ Prag Central Asia North and 30.9% 29.3% 29.0% Central America 5.5% 7.8% 8.0% 24.5% 22.9% 19.5% 2023 2024 2025 China 2023 2024 2025
Slide 7: Revenue development by quarter (€ million)
Revenue development by quarter (€ million) Krones' revenue growth in 2025 accelerated 5,294 as expected significantly by 13.1% +12.1% 4,721 − In Q1 the revenue had an overproportional +12.2% 1,419 increase in the new equipment business 1,235 − No Supply chain shortages in 2025 and efficiency in prod
Slide 8: EBITDA and EBITDA margin further improved
EBITDA and EBITDA margin further improved EBITDA (€ million) (€ million and %) EBITDA margin Q1 in % 537.1 +17.4% EBITDA margin in 3 months 2025 at 10.6% 146.0 457.3 with EBITDA at €149 million (+19%) +22.5% − EBITDA margin in 2024 increased from 125.0 10.1% to 10.6% and is in line with our Q4 profi
Slide 9: EBT and EBT margin by quarter
EBT and EBT margin by quarter (€ million and %) EBT (€ million) EBT margin Q1 in % 381.6 EBT margin increased in 3 months +22.9% 2025 to 7.7% vs. 7.1% prior year 106.0 − After three months in 2025, EBT also 310.5 increased by 21% up to €108 million +28.3% and a EBT margin of 7.7% 75.1 Q4 − EBT was j
Slide 10: Personnel and material expenses Q1
Personnel and material expenses Q1 (€ million and %) − Personnel costs increased by 15% as a Personnel costs Q1 (€ million) Material costs Q1 (€ million) result of increasing number of employees (+6.4%) in the last 12 months. Also wages and salaries and the provision for 664 outstanding vacation in
Slide 11: Krones employees worldwide
Krones employees worldwide – Slightly increased employee amount in Germany in 2025 (+0.7%) and also a small global growth (+1.1%) including 1,600 employees in the USA. Total Germany RoW 20,379 20,583 Thereof KAG 18,513 11,312 11,386 10,654 9,067 9,197 7,859 9,594 9,056 9,539 31.12.2023 31.12.2024 31
Slide 12: Revenue and EBITDA per segment (1/3)
Revenue and EBITDA per segment (1/3) Filling and Packaging Technology Revenue development Q1 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 − Increase in revenue (+14.5%) is above the growth of the group and above the 1,193 target 2025 (7% to 9%). − The EBITDA margin was at 10.9% an
Slide 13: Revenue and EBITDA per segment (2/3)
Revenue and EBITDA per segment (2/3) Process Technology Revenue development Q1 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 − As expected, revenue in Process Technology increased with 2.2% only slightly in the first three months of 2025. Revenue in single machines and components b
Slide 14: Revenue and EBITDA per segment (3/3)
Revenue and EBITDA per segment (3/3) Intralogistics Revenue development Q1 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 − Revenue continued to develop well in the first three months of 2025 and increased by 12.1% − Due to the high order backlog, revenue growth will accelerate in t
Slide 15: Krones expands its financial strength
Krones expands its financial strength; a resilient strong capital position is obligatory to withstand volatile world economy developments − With €592 million cash Liquidity reserves Equity (€ million) and equity ratio (in %) and €851 million free 31.03.2025 credit lines Krones has a very strong fina
Slide 16: Working Capital Q1 (in %)
Working Capital Q1 (in %) Working Capital continued to improve Working Capital of revenue Q1 Part of Working Capital in % to 17.1% (vs. 17.7% prior year) (%, average over four quarters) of revenue (last 12 months) − The receivables/POC decreased just slightly by minus 0.2% relating to the Receivable
Slide 17: Free cash flow Q1
Free cash flow Q1 With a strong operative cash flow in (€ million) 2025 2024 Q1 2025 the free cash flow (w/o M&A) Earnings before taxes (EBT) 107.9 89.0 was strong at €165 million +/– Other non-cash changes +118.2 +99.3 − The positive development of the earnings and the stable working capital, resul
Slide 18: Free cash flow
Free cash flow Very strong free cash flow and cash Free cash flow (without M&A) in € million conversion rates after 3 months in 2025 − After a strong development in FY 2024 (+€293 million) the free cash flow was 398 again on a very high level of €165 million after 3 months 2025 − As a consequence of
Slide 19: ROCE Q1
ROCE Q1 − ROCE, as the third target figure, in Q1 ROCE Q1 2023 – 2025* in % 2025 is at 20.5% slightly above our expectations for FY 2025 (18% to 20%) and better than Q1 2024 (19.0%) 20.5 − The positive development is mainly based on higher EBIT (+21%) in Q1 2025 19.0 17.8 − This increase in earnings
Slide 20: Outlook 2025
Outlook 2025 20 Krones Conference Call May 09, 2025
Slide 21: Krones Outlook 2025 – CONFIRMED
Krones Outlook 2025 – CONFIRMED further growth and improvement of profitability 7% – 9% 10.2% – 10.8% 18% – 20% Revenue growth EBITDA margin ROCE There are various unpredictable factors that could affect the company’s business processes and production. These include geopolitical risks in Europe, the
Slide 22: Krones Outlook 2025 – Segment targets
Krones Outlook 2025 – Segment targets Filling and Packaging Process Intralogistics Technology Technology Revenue 7% – 9% 0% – 5% 15% – 20% growth EBITDA margin 10.5% – 11.0% 9.0% – 10.0% 6.5% – 7.5% 22 Krones Conference Call May 09, 2025
Slide 23: Mid-term targets 2028 - CONFIRMED
Mid-term targets 2028 - CONFIRMED Revenue, € billion EBITDA and EBT margin, % ROCE, % ~7.0 bn EBITDA EBT 5.3 bn >20% 18.2% 11-13% 8-10% 10.1% 7.2% 2024 2028 target 2024 2028 target 2024 2028 target Growth drivers Profitability drivers ROCE drivers 3% Global Beverage Market Pricing power Increa
Slide 24: Key take aways
Key take aways 1. Krones had a good start into 2025 and continues its profitable growth path 2. With revenue growth (+13.1%) and EBITDA margin (10.6%) in the first quarter 2025, Krones is in line with the ambitious targets for 2025. Also, the free cash flow was high in Q1 2025 3. With a very high or
Slide 25: Questions and Answers
Questions and Answers 25 Krones Conference Call May 09, 2025
Slide 26: Conference Call Q1 2025
Conference Call Q1 2025 26 Krones Conference Call May 09, 2025
Slide 27: Thank you for your attention!
Thank you for your attention! 27 Krones Conference Call May 09, 2025
Slide 28: Financial calendar 2025
Financial calendar 2025 May 27, 2025 Annual General Meeting in Regensburg July 30, 2025 Conference Call Group Quarterly statement for the period from 1 January to June 30, 2025 November 7, 2025 Conference Call Group Quarterly statement for the period from 1 January to September 30, 2025 Olaf Scholz
Slide 29: Disclaimer
Disclaimer This investor presentation contains forward-looking statements that are based on current estimates, forecasts and assumptions made by Krones AG management to the best of its knowledge and other information currently available to Krones AG. The forward-looking statements of this presentati
Slide 30: SOLUTIONS BEYOND TOMORROW
SOLUTIONS BEYOND TOMORROW