Brockhaus Technologies Ag · XETR:BKHT
Brockhaus Technologies — Q3 2025 Earnings Presentation
13 slides from Brockhaus Technologies's earnings presentation, Nov 14, 2025
Slide 1: Elevating Champions
Elevating Champions Earnings Call Q3 2025 November 14, 2025
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as guarantee that the assumptions underlying the forward-looking statements in this presentation are giving investment advice and does not constitute or form part of, and should not be construed a
Slide 3: Summary 9M 2025
Summary 9M 2025 Selected group financials Summary (€ million) +3.6% 175.3 181.6 Revenue growth mainly driven by the Revenue significant increase in revenue from the resale of bikes at the end of the lease term at Bikeleasing -28.4% Bikeleasing is investing in its long-term 68.0 Adjusted 48.7 growth
Slide 4: Revenue by quarter
Revenue by quarter -1.3% +11.5% +10.9% 62.4 61.6 56.4 62.8 32.4 35.9 21.4 Q1 Q2 Q3 Q4 -30.4% +12.6% -10.6% 10.0 7.9 7.5 7.3 7.0 6.9 6.5 Q1 Q2 Q3 Q4 (€ million) IHSE Bikeleasing Prior-year period 4
Slide 5: Revenue by region
Revenue by region +6.1% 160.3 151.1 - - - - EMEA Americas APAC -13.6% 15.0 13.0 +17.1% 6.4 -49.1% 5.5 3.7 1.9 EMEA Americas APAC (€ million) IHSE Bikeleasing Prior-year period 5
Slide 6: KPIs by segment
KPIs by segment Central Functions BKHT HR Benefit & Mobility Platform Security Technologies and Consolidation Group (€ thousand) 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 Revenue 160,297 151,104 21,320 24,235 - - 181,616 175,339 Revenue growth 6.1% (12.0%) - 3.6% Gross Profit 9
Slide 7: Leverage well below the target level
Leverage well below the target level Net debt calculation as per 9M 2025 Highlights (€ million) ~0.99x Leverage ratio of 0.99x well 69.2 Net debt / adj. EBITDA (LTM) below target value of ~2.5x 18.8 45.0 (5.2) Net debt from loans slightly decreased compared to 31.4 € Dec 31, 2024, while adj. LMT (37
Slide 8: Bikeleasing – Operational deep dive
Bikeleasing – Operational deep dive Seasonally skew towards Q2/Q3 has increased the last years Corporate customers @ Bikeleasing increased to ~81,000 (+15% YoY) with 14% 11% 3.9 million connected employees (+7% YoY) 16% Q4 86% 89% 9M 84% ~111,000 bikes facilitated in 9M 2025, reflecting a YoY declin
Slide 9: Bikeleasing internationalization: Continued – Operational deep dive USA
Bikeleasinginternationalization: Continued – Operational deep USA dive Company overview ▪ Ridepanda is the leading provider of micro-mobility employee benefits in the US ▪ Through its digital platform, Ridepanda enables corporates to offer their employees the flexible rental of bike, e-bikes and e-s
Slide 10: IHSE – Operational deep dive
IHSE – Operational deep dive Revenue down -12% YoY due to project- (€ million) related shifts and a general reluctancy to 35,00 invest in many industries, however at a 29,5 broadly stable gross profit 30,00 24,1 24,2 21,3 25,00 20,2 While EMEA and APAC were down YoY, 20,00 Americas saw a rebound on
Slide 11: Group Forecast FY 2025
Revenue €225m - €235m Group (2024: €204m | +10% to +15%) Forecast FY 2025 Adj. EBITDA €50m - €55m (2024: €65m | -15% to -23%) 11
Slide 12: Happy to answer your questions
Q&A Happy to answer your questions 12
Slide 13: BROCKHAUS TECHNOLOGIES AG
BROCKHAUS TECHNOLOGIES AG Thurn-und-Taxis-Platz 6 60313 Frankfurt am Main, Germany Phone: +49 69 20 43 40 90 Fax: +49 69 20 43 40 971 E-Mail: ir@brockhaus-technologies.com Web: www.brockhaus-technologies.com IR Distribution List | Newsletter | Follow us on Executive Board: Marco Brockhaus (Chair), D
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