Jost Werke Se · XETR:JST
Jost Werke — Investor Presentation (May 2026)
25 slides from Jost Werke's investor presentation, May 20, 2026
Slide 1: Investor Presentation – JOST Werke SE – May 2026
INVESTOR PRESENTATION JOST WERKE SE – May 2026
Slide 2: Disclaimer
DISCLAIMER THIS PRESENTATION IS CONFIDENTIAL AND MUST NOT BE RELEASED, PUBLISHED, TRANSMITTED OR DISTRIBUTED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. This presentation
Slide 3: Wide range of mission critical systems for on- and off-highway commercial vehicles
WIDE RANGE OF MISSION CRITICAL SYSTEMS FOR ON- AND OFF-HIGHWAY COMMERCIAL VEHICLES Agricultural & Construction industry Transport industry Construction & Mining & Environmental industry (Hydraulics) JOST Werke SE I INVESTOR PRESENTATION – May 2026 3
Slide 4: Trusted partner to OEMs, dealers and end users; global market leader for core products
TRUSTED PARTNER TO OEMs, DEALERS AND END USERS GLOBAL MARKET LEADER FOR CORE PRODUCTS Results EUROPE Landing leg: #1 5th wheel: #1 2025 NORTH Front loaders: #1 FY 2025 » 1,534 Hydraulic cylinders: #1 AMERICA SALES m€ Landing leg: #1 5th wheel: #2 ASIA Front loaders: #1 FY 2025 » 27.7 Landing leg: #1
Slide 5: High global market shares, strong brands, high customer loyalty
STRONG BRANDS HIGH CUSTOMER LOYALTY PUSH & PULL SALES STRATEGY THROUGH STRONG BRANDS HIGH QUALITY & RELIABILITY LOW COSTS OF OWNERSHIP & EASY TO REPAIR SYSTEMS BEST-OF-CLASS SPARE PARTS AVAILABILITY LONG-TERM VALUE FOR CUSTOMERS HIGH BARRIERS TO ENTRY DUE TO NETWORK EFFECTS HIGH GLOBAL MARKET SHARES
Slide 6: Asset-light and flexible business model
ASSET-LIGHT & FLEXIBLE BUSINESS MODEL LOCAL-FOR-LOCAL REGIONAL CORE WITH GLOBAL REACH Asset-light Value chain Purchased Mech. Assembly Commercial Design/ Forging and Quality Logistics materials/ processing/ Coating & Painting vehicle engineering casting control integration pre-products machining Rob
Slide 7: JOST strategy: key foundations for future growth
JOST STRATEGY KEY FOUNDATIONS FOR JOST’S FUTURE GROWTH STRATEGY Our objective: be #1 supplier to our clients while creating superior value for shareholders 1 2 3 4 MISSION CRITICAL LOCAL STRENGTH & FUNCTIONALLY GROWTH RESILIENCE WITH GLOBAL INTEGRATED REACH COMPONENTS ▪ JOST to maintain relevance fo
Slide 8: Resilience through balance: geographies, industries and customers
RESILIENCE THROUGH BALANCE WIDE RANGE OF GEOGRAPHIES, INDUSTRIES AND CUSTOMERS SALES BY DESTINATION FY 2025 SALES BY INDUSTRIES FY 2025 SALES BY CHANNEL FY 2025 SALES BY CUSTOMER FY 2025 (in % of sales) (in % of sales) (in % of sales) (in % of sales) 4% 4% 4% 26% 28% Top 3% 31% < 30 10 c % 3% us f s
Slide 9: Replicating success in adjacent industries
REPLICATING SUCCESS IN ADJACENT INDUSTRIES SEIZING NEW OPPORTUNITIES FOR PROFITABLE GROWTH 2025→2030 OEM earnings power by end markets (Ø EBIT margin) Balancing Efficiency trends end markets Off-highway (50%) Automation and Mining Up to 2024 ~ 50% electrification Off-highway Infrastructure investmen
Slide 10: Our target: Ambition 2030
OUR TARGET COMMITMENT TO DRIVE VALUE CREATION Ambition 2030 SALES ADJ. ADJ. EBIT REVENUE EPS MARGIN 10.0% > € 2bn > €10 to per share 12.0% Shifting margin corridor CAGR: >5% p.a. CAGR: >10% p.a. up by 0.5pp JOST Werke SE I INVESTOR PRESENTATION – May 2026 10
Slide 11: Advancing technology: driving digital transformation for mission critical systems
ADVANCING TECHNOLOGY DRIVING DIGITAL TRANSFORMATION FOR MISSION CRITICAL SYSTEMS Leveraging digital and automation know-how in R&D to develop smart solutions for our customers across business lines. Transport agriculture hydraulics DIGITAL COUPLING SOLUTIONS (DCS) DIGITAL LOADING SOLUTIONS (DLS) DIG
Slide 12: Investment highlights
Investment JOST STRATEGY CREATES SHAREHOLDER VALUE HIGHLIGHTS Technology leader with strong brands and high market shares worldwide Flexible and asset light business model with proven resilience through industry cycles Wide diversification by product, customer and region with high aftermarket shares
Slide 13: Business Lines
bi o Ls |
Slide 14: Market development expectations for 2026 (industry volume)
MARKET DEVELOPMENT EXPECTATIONS FOR 2026 (INDUSTRY VOLUME) EMEA AMERICAS APAC 0–5% 5 – 10 % 0–5% TRUCK Demand expected to remain Higher Class 8 orders signal an Truck demand in APAC expected stable on prior year’s level expected production growth in H2 to grow driven by India recovery driven by spot
Slide 15: Outlook FY 2026 confirmed
OUTLOOK FY 2026 CONFIRMED Single digit growth Sales (2025: €1,534m) Mid-to-high single digit growth Adj. EBIT (2025: €145m) Adj. EBIT margin Higher than prior year (2025: 9.5%) Capex Approx. 2.8% of sales 2026 (in % of sales) 1 (2025: 2.8%) 1: Excluding M&A Working Between 17.5% - 18.5% of sales Out
Slide 16: Strong performance: development of sales and earnings by region
STRONG PERFORMANCE +44% DEVELOPMENT OF SALES AND EARNINGS BY REGION group + Sales up +12% to €417m in Q1 2026, organic sales Growth (%) CAGR: 14 % up by +9%, driven by all regions and business lines. 1,534 1,265 1,250 417 + Agriculture BL grew by +27% (organic: +28%), Sales (€m) 394 +136% +12% 1,049
Slide 17: Balance sheet: ROCE, equity ratio and leverage development
ROCE, EQUITY RATIO AND LEVERAGE DEVELOPMENT 0.2pp BALANCE SHEET + Further sequential improvements to ROCE as adj. EBIT grows through 15.9% ROCE1 15.7% synergies and financial liabilities decline (%) + ROCE up by 0.2pp to 15.9% compared to year-end and up 2.4pp vs. Q1 2025 Dec 31, 2025 March 31, 2026
Slide 18: Cash flow and working capital development
CASH FLOW AND WORKING CAPITAL DEVELOPMENT CASH FLOW - FCF impacted by Working Capital increase as receivables went up Free cash flow1 Cash conversion 1.6 -0.1 rate2 vs. year- end by €56m due to growing activity level q-o-q as well as (€m) 38.8 inventory increase +21m vs. year-end (incl. safety stock
Slide 19: Historical seasonality: sales and adjusted EBIT by quarter
HISTORICAL SEASONALITY DEVELOPMENT OF JOST’S SALES AND ADJUSTED EBIT BY QUARTER Sales (€m) Adj. EBIT (€m) / Adj. EBIT Margin (%) 417 391 383 387 374 342 330 322 327 44 312 304 292 286 299 298 40 273 266 37 37 37 257 252 35 36 35 246 34 33 34 226 32 30 30 30 30 27 27 24 21 10.6% 11.6% 11.6% 11.3% 11.
Slide 20: Acquisitions
Acquisi TIONS
Slide 21: JOST successful M&A track record
JOST SUCCESSFUL M&A TRACK RECORD JOST has defined clear path to increase growth based on its targeted and successful M&A strategy Commercial vehicles Relevant addition/expansion to products and systems in transport, agriculture, mining and infrastructure industry Alö (Quicke) – 2020 (no passenger ca
Slide 22: JOST's well-defined M&A playbook to drive value creation
JOST’S WELL-DEFINED M&A PLAYBOOK TO DRIVE VALUE CREATION M&A guardrails geared towards driving future value-accretive acquisitions Key guardrails for transactions Key focus area 26/27 after HYVA deal completion1) Bolt-on acquisitions Best owner principle Mid-term value accretive post-synergies High
Slide 23: Shareholder structure and share information
SHAREHOLDER STRUCTURE AND SHARE INFORMATION Shareholder structure Share information as of May 18, 2026 FMR LLC 10% Kempen ISIN DE000JST4000 5% Union 5% Trading symbol JST Investment 4% Allianz Global German Sec. Code Number (WKN) JST400 Investors Other Shares in issue 16,390,000 Index SDAX 76% Liste
Slide 24: Investor events 2026 and investor relations contact
INVESTOR EVENTS 2026 May 21, 2026 Berenberg European Conference 2026, Manhattan, New York/USA June 11, 2026 ODDO BHF NEXTCAP FORUM, Paris/France Aug 13, 2026 Publication Interim Report H1 2026/Q2 2026 Nov 12, 2026 Publication Interim Report 9M 2026/Q3 2026 INVESTOR RELATIONS CONTACT ROMY ACOSTA JOST
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