Slide 1: FY 2024 Investor & Analyst Presentation
TRUSTED PARTNER. FY 2024 Investor & Analyst Presentation 26 March 2025
Slide 2: Update on FY-24 performance; Summary and Outlook
1. Update on FY-24 performance 2. Summary and Outlook 1 Trusted Partner
Slide 3: RENK Group with strong performance & commitment
FY 2024 CONFERENCE CALL RENK Group with strong performance & commitment Civil #1 72% 28% REVENUES BY END MARKETS in mission-critical Defence drive technologies ORDER INTAKE TOTAL ORDER REVENUES ADJ. EBIT ADJ. EBIT BACKLOG MARGIN APAC APAC EMEA 23% 54% REVENUES BY 1,442bn ~€5bn €1,141bn €189m 16.6% 2
Slide 4: Total order backlog at €5.0bn
FY 2024 CONFERENCE CALL Total order backlog at €5.0bn – strong order intake leads to an increase of fixed order backlog Total order backlog (FY-24), €bn Commentary LTM revenue 1.8x 0.6x 2.0x 4.3x 1 Fixed order backlog: Increased by coverage(1) €266m vs. Q3-2024 despite strong Q4- output mainly due
Slide 5: Group: Strong order intake and revenue growth driven by VMS
FY 2024 CONFERENCE CALL Group: Strong order intake and revenue growth driven by VMS Order intake, €m Revenue, €m Fixed order backlog(2), €m Commentary 1.4x 1.3x 1.3x 1.6x Q4 order intake at very high level reflecting 16.8% three large order wins with a total volume of €372m Book-to-bill at 1.6x
Slide 6: Group: Adj. EBIT at the very top end of guidance
FY 2024 CONFERENCE CALL Group: Adj. EBIT at the very top end of guidance Adj. gross profit(1), €m Adj. EBIT(2), €m Net debt(3), €m Commentary 27.9% 28.7% 26.6% 30.5% 16.2% 16.6% 16.9% 21.2% 2.4x 1.7x • Translation of strong revenue growth into considerable increase in adj. gross profit: -15.1% − Sol
Slide 7: VMS: Outstanding revenue growth translated into profitability
FY 2024 CONFERENCE CALL VMS: Outstanding revenue growth translated into profitability Segment financials, €m Commentary Order intake Revenue Adj. EBIT(1) Order intake of Q4 FY-24 driven by three large order wins, uplifting FY-24 by 27.2% 20.1% 20.0% 20.2% 26.6% compared to FY-23 27.2% Significan
Slide 8: M&I: Order intake robust, profitability increase beyond revenue growth
FY 2024 CONFERENCE CALL M&I: Order intake robust, profitability increase beyond revenue growth Segment financials, €m Commentary Order intake Revenue Adj. EBIT(1) FY-24 order intake still at a high level albeit decrease YoY and Q4-23 vs. Q4-24 due to 9.6% 10.6% 13.5% 11.9% shifts towards FY25 Re
Slide 9: Slide Bearings: Steady growth of OI and revenue, higher margins
FY 2024 CONFERENCE CALL Slide Bearings: Steady growth of OI and revenue, higher margins Segment financials, €m Commentary Order intake Revenue Adj. EBIT(1) Strong demand for e-bearings (electrification trend) and aftermarket (spare 15.6% 17.2% 17.3% 15.9% parts) Revenue growth following the sust
Slide 10: Adjustments mainly related to PPA, listing and RAMup
FY 2024 CONFERENCE CALL Adjustments mainly related to PPA, listing and RAMup For the period, €m Commentary FY-23 FY-24 Q4-23 Q4-24 1 Adjustments are mainly attributable to effects of purchase price allocation, which Operating profit 89.0 116.0 31.9 57.7 mainly relate to depreciation and amortization
Slide 11: Favourable development of net working capital
FY 2024 CONFERENCE CALL Favourable development of net working capital Customer receivables(1) Inventories Net working capital, €m Trade payables Prepayments received(2) Commentary NWC as a percentage of sales decreased % of LTM revenue 26.0% 26.8% 24.9% by 190bps − Favourable development of net wo
Slide 12: Free cash flow improvement supported by good operating performance and NWC reduction
FY 2024 CONFERENCE CALL Free cash flow improvement supported by good operating performance and NWC reduction Key cash flow items, €m Commentary FY-23 FY-24 Q4-23 Q4-24 1 2023 tax payments include an aperiodic real estate tax payment (€2.8m) Adj. EBITDA(1) 181.7 222.3 54.5 86.1 2 Q4-Cash inflow mai
Slide 13: ROCE – Significant increase, in-line with medium-term target objective
FY 2024 CONFERENCE CALL ROCE(1) – Significant increase, in-line with medium-term target objective (in %) Commentary Significant increase in ROCE by 380bps YoY − driven by strong operating result 19.7% coupled with a (marginal) expansion in invested capital given RENK´s fully 15.9% invested platfor
Slide 14: Update on FY-24 performance; Summary and outlook
1. Update on FY-24 performance 2. Summary and outlook 13 Trusted Partner
Slide 15: The new geopolitical reality will drive defence spendings in NATO Europe
FY 2024 CONFERENCE CALL The new geopolitical reality will drive defence spendings in NATO Europe „There is a new sheriff in town“ NATO Europe Implications for Next Steps [J.D. Vance, Vice President USA] Defence Spent RENK in €bn • Additional new • Follow defence >900 platforms budget allocation (e.g
Slide 16: Trading Update Q1 2025: good start into 2025
FY 2024 CONFERENCE CALL Trading Update Q1 2025: good start into 2025 • Continuation of strong order intake situation from Q4/24 1 Order Intake • Several major orders from European, US & International customers successfully contracted (army/navy) 2 Operational • Good operational performance of VTA an
Slide 17: Narrowed guidance 2024 achieved, 2025 guidance supporting medium-term targets
FY 2024 CONFERENCE CALL Narrowed guidance 2024 achieved, 2025 guidance supporting medium-term targets 2024A 2025 Guidance Medium-term target Revenue / growth ~€1,1bn >€1,3bn ~15% CAGR Adj. EBIT(1) ~€175m-190m €210m-235m ~€300m by 2027 16 Trusted Partner
Slide 18: Clear focus on 2025 priorities
FY 2024 CONFERENCE CALL Clear focus on 2025 priorities • Continue with excellence programs along entire value chain Operational • 1 Enforce efficiency improvements in lead plants (e.g. RAM & VTA) Excellence • Capacity/supply chain scenarios for pot. volume increases (“3% GDP”) Key Order Intake • Sec
Slide 19: Patria Artic Event 2025 – New FAMOUS APC Concept revealed
FY 2024 CONFERENCE CALL Patria Artic Event 2025 (19 March) – New FAMOUS APC Concept revealed 18 Trusted Partner
Slide 20: Financial Calendar H1 2025
FINANCIAL CALENDAR H1 2025 March 2025: June 2025: • Jefferies Pan-European Mid-Cap Conference (27 March) • Annual General Meeting (4 June, virtual) • JP Morgan Industrials Conference, London (11 June) April 2025: • Roadshow London/Zurich (7/8 April) May 2025: • Q1 2025 Quarterly Statement (14 May) •
Slide 21: Q&A Session
TRUSTED PARTNER Q&A Session RENK Group / Company presentation / March 2023
Slide 22: Your contact
TRUSTED PARTNER Your contact Investor Relations: RENK Group AG Julia Brand, Senior IR Manager Goegginger Straße 73 Phone: +49 821 5700 735 D-86159 Augsburg E-Mail: investors@renk.com Germany www.renk.com Christian Weiß, Senior IR Manager Management Board: Dr. Alexander Sagel (Chairman), Anja Mänz-Si
Slide 23: Disclaimer
Disclaimer By accessing this presentation, you agree to be bound by the following limitations. This presentation has been prepared for information and background purposes only. It does not constitute or form part of, and should not be construed as, an offer of, a solicitation of an offer to buy, or
Slide 24: Income statement
Financial Appendix Income statement For the period, €m Note: Due to commercial rounding of amounts on the basis of € million, minor deviations may occur on addition 23 23 Trusted Partner
Slide 25: Balance sheet – Total assets
Financial Appendix Balance sheet – Total assets As of, €m Dec 31, 2023 Dec 31, 2024 Intangible assets 383.9 360.5 Property, plant and equipment 319.0 320.7 Other and financial investments 9.4 0.8 Deffered tax assets 18.2 22.4 Other non-current financial assets 0.4 0.1 Other non-current receivables 4
Slide 26: Balance sheet – Total equity and liabilities
Financial Appendix Balance sheet – Total equity and liabilities As of, €m Dec 31, 2023 Dec 31, 2024 Share capital (subscribed capital in previous year) 100.0 100.0 Capital reserves 223.8 172.7 Retained earnings 57.6 134.9 Cumulative other comprehensive income 22.5 33.3 Equity attributable to shareho
Slide 27: Cash flow statement
Financial Appendix Cash flow statement For the period, €m 2023 2024 Cash and cash equivalents at beginning of period 158.7 102.2 Profit (+) / loss(-) before tax 46.6 94.7 Income taxes paid (28.2) (24.0) Depreciation, amortization and impairment losses on intangible assets and property, pland and equ
Slide 28: Adjustments
Update on FY-24 performance Adjustments For the period, €m FY-23 FY-24 Q4-23 Q4-24 Operating profit 89.0 116.0 31.9 57.7 PPA depreciation and amortization as well as income / losses from PPA asset 46.9 43.9 11.8 10.9 disposals Operating profit before PPA depreciation and amortization as well as inco
Slide 29: Operational Excellence - Increasing efficiency and higher output
FY 2024 CONFERENCE CALL Operational Excellence - Increasing efficiency and utilizing the RENK production network lead to higher output Achievements VTA 2024 Further efficiency & capacity increase Monthly Output, [#] Production System • Efficiency & output increase by implementing new production Outp
Slide 30: M&A - value-accretive M&A as key element of future capital allocation
FY 2024 CONFERENCE CALL M&A - value-accretive M&A as key element of future capital allocation M&A a key pillar of RENK‘s growth strategy with a defined approach Strategic Criteria Financial Criteria Regional Product Accessing Size & Sales Return on 1 Selection Criteria footprint portfolio technology
Slide 31: Endnotes (1/2)
Endnotes (1/2) p.3 (1) Defined as total order backlog as of December-24 / LTM revenue for the period ended December 31, 2024. Total order backlog comprised of fixed order backlog, frame order backlog and soft order backlog (2) Fixed order backlog represents with respect to binding customer contracts
Slide 32: Endnotes (2/2)
Endnotes (2/2) p.11 (1) Adj. EBITDA is defined as operating profit before depreciation, amortization and impairment losses on intangible assets and property, plant and equipment, the PPA depreciation and amortization as well as income / losses from PPA asset disposals and adjusted for certain items