Kion Group Ag · XETR:KGX
Kion — Q3 2025 Earnings Presentation
24 slides from Kion's earnings presentation, Oct 30, 2025
Slide 1: KION GROUP AG Q3 2025 Update Call
KION GROUP AG Q3 2025 Update Call Rob Smith (CEO), Christian Harm (CFO) Frankfurt, 30 October 2025
Slide 2: Agenda
Agenda 1. Summary & Business Update Q3 2025 2. Financial Update 3. Outlook 2025 & Key Takeaways 2 KION GROUP AG | Q3 2025 Update Call | 30 October 2025
Slide 3: Q3 2025 Key Financial Figures
Q3 2025 Key Financial Figures Solid third quarter Order intake Revenue Adj. EBIT1 Free cash flow EPS €2.7bn €2.7bn €190m €231m €0.87 +10% yoy flat yoy -13% yoy +€2m yoy +58% yoy -24% qoq flat qoq +1% qoq +€99m qoq +21% qoq 7.0% adj. EBIT Margin -110bp yoy, flat qoq Order intake continues to increase
Slide 4: Customers – Sustainability – Innovation
Business Update Q3 2025 Customers – Sustainability – Innovation Key partner in automating Airbus' Sustainability: CeMAT Shanghai: Showcasing logistics EcoVadis awards KION Group physical AI turning real-time data Platinum rating for the first time into real-world warehouse performance 4 KION GROUP A
Slide 5: Update on Efficiency Program
Update on Efficiency Program Significant progress and lower than expected expenses • KION announced an efficiency program in February 2025 to achieve sustainable annual cost savings of around €140- €160m from 2026 onwards. For the implementation of the cost saving measures non-recurring items of app
Slide 6: Agenda
Agenda 1. Summary & Business Update Q3 2025 2. Financial Update 3. Outlook 2025 & Key Takeaways 6 KION GROUP AG | Q3 2025 Update Call | 30 October 2025
Slide 7: ITS – Key Financials
ITS – Key Financials Sequential increase in adj. EBIT margin due to good gross margin development 1 Change Change (in €m) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 yoy qoq Order intake (in ‘000 units) 51.7 70.0 65.2 70.0 60.3 +17% -14% Order intake 1,797 2,199 1,958 2,070 1,942 +8% -6% Order book 2,32
Slide 8: SCS – Key Financials
SCS – Key Financials Revenue starting to benefit from OI recovery since beginning of 2025 1 Change Change (in €m) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 yoy qoq Order intake 636 624 756 1,445 740 +16% -49% of which E-commerce (%)2 30% 57% 42% 87% 24% - - Order book 2,542 2,424 2,375 2,944 2,936 +16
Slide 9: KION Group – Key Financials
KION Group – Key Financials Solid development in all segments 1 Change Change (in €m) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 yoy qoq Order intake 2,427 2,815 2,706 3,500 2,676 +10% -24% Order book 4,804 4,635 4,430 4,963 4,944 +3% -0% Revenue 2,699 3,068 2,788 2,708 2,704 +0% -0% of which service (
Slide 10: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income Net income increased yoy mainly due to lower net financial and tax expenses Q3 Q4 Q1 Q2 Q3 Change Change (in €m) 2024 2024 2025 2025 2025 yoy qoq Comments Adj. EBITDA 471 526 459 457 456 -3% -0% 1 Non-recurring items include D&A -251 -275 -263 -267 -266 -6% +1% approx.
Slide 11: Cash Flow Statement
Cash Flow Statement FCF benefited from further NWC release Free cash flow Q3 2025 Comments (in €m) -21 64 -39 334 1 Improvement in net working -91 231 153 -12 capital driven by ITS 178 -50 168 -3 -10 1 2 2 Includes €47m paid taxes and EBIT D&A on NWC Taxes and Net change CF from Operating Others Fre
Slide 12: Net Debt
Net Debt Slightly improved leverage ratios Indebtedness and leverage1 ratios as at 30 September 2025 Comments (in €m) 1 1 Leverage ratios improved by 1.2x 0.1x due to substantial 2,354 improvement in net financial debt 756 Liab. from procurement leases 1 1 0.5x 0.4x 779 986 Liab. from STR 818 financ
Slide 13: Agenda
Agenda 1. Summary & Business Update Q3 2025 2. Financial Update 3. Outlook 2025 & Key Takeaways 13 KION GROUP AG | Q3 2025 Update Call | 30 October 2025
Slide 14: FY 2025 Outlook
FY 2025 Outlook Guidance narrowed for Revenue, adj. EBIT and ROCE and increased for FCF KION Group Industrial Trucks & Services Supply Chain Solutions (in €m) FY 2025 FY 2025 FY 2025 FY 2025 FY 2025 FY 2025 Outlook (old) Outlook (new) Outlook (old) Outlook (new) Outlook (old) Outlook (new) Revenue 1
Slide 15: Key Takeaways
Key Takeaways Another solid quarter, completing 9M 2025 in line with expectations. Both the industrial trucks as well as the warehouse automation markets have passed their troughs and are on a recovery path amidst geopolitical challenges. KION is growing order intake in both operating segments Follo
Slide 16: Q & A Session
Q & A Session 16 KION GROUP AG | Q3 2025 Update Call | 30 October 2025
Slide 17: Appendix
Appendix 17 KION GROUP AG | Q3 2025 Update Call | 30 October 2025
Slide 18: FY 2025 Expectation – Housekeeping Items
FY 2025 Expectation – Housekeeping Items Non recurring items¹ Non Operating Capex² ... between -€210m and -€230m ... between -€400m and -€450m (from previously -€240m to -€275m) PPA R&D spending³ ... around -€85m to -€90m ... Around 3% of group revenue Net Financial expenses Dividend policy … betwee
Slide 19: Key Financials
Key Financials Group figures Industrial Trucks & Services Supply Chain Solutions Q3 Q2 Q1 FY Q4 Q3 Q2 Q3 Q2 Q1 FY Q4 Q3 Q2 Q3 Q2 Q1 FY Q4 Q3 Q2 (in €m) 2025 2025 2025 2024 2024 2024 2024 2025 2025 2025 2024 2024 2024 2024 2025 2025 2025 2024 2024 2024 2024 Order intake 2,676 3,500 2,706 10,321 2,815
Slide 20: Leverage Development and Maturity Profile
Leverage Development and Maturity Profile Leverage ratios improved further Leverage development1,2 Maturity profile and free liquidity as at 30 September 2025 (in €m) 3.2x Self-help returned leverage ratios to levels even lower than last seen post Dec. 2020 capital increase 2.3x 1,727 2.7x 2.0x 3423
Slide 21: ITS Order Intake
ITS Order Intake Share of electrified products at 93% in Q3 2025 Development of KION ITS segment Change Order intake Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Change yoy Change qoq FY 2021 FY 2022 FY 2023 FY 2024 yoy 2024 Order intake (in ‘000 units) 51.7 70.0 65.2 70.0 60.3 +17% -14% 299.4 268.2 241.
Slide 22: Industrial Truck Market and ITS Order Intake
Industrial Truck Market and ITS Order Intake KION global market share improved in Q2 2025 compared to Q1 2025 Industrial Truck Market1 Development of KION ITS segment Regional Region (Change in Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 growth Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 Q3 2025 (Change in
Slide 23: Financial Calendar
Financial Calendar Date Event 12 November 2025 UBS European Conference, London, UK 26 November 2025 Deutsche Börse Eigenkapitalforum, Frankfurt, Germany 03 December 2025 Bernstein The Premium Review, Paris, France 08 December 2025 BofA “Christmas Market“ Call, virtual 08 January 2026 ODDO-BHF Lyon F
Slide 24: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”, and together with its consolidated subsidiaries, the "KION Group") solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral p