Slide 1: KAP AG – 2025 Full Year Figures
KAP AG We build market leaders! 2025 Full Year Figures
Slide 2: Table of contents
Table of contents 1 Company overview & business model 2 Financials 2025 3 Outlook 2
Slide 3: Company overview & business model
Company overview & business model
Slide 4: Experienced executive with clear strategic footprint
Experienced executive with clear strategic footprint KAP at a glance Ralph Rumberg, CEO/CRO Responsibilities: Strategy, M&A, Finance, Human Resources, Legal, Investor Relations, Internal Audit, Transformation Overall, >25 years relevant experience in the industrial sector, including transformati
Slide 5: Focus on attractive niche markets in selected industrial sectors
Focus on attractive niche markets in selected industrial sectors KAP at a glance Industrial holding focused on midsize niche markets Revenue 2025 EBITDA 2025 (normalized) € 241.4m € 21.9m Long-term segment strategy for developing market leaders with sustainable growth potential (-4.4%) (-4.6%) C
Slide 6: We develop industrial products and technological solutions for international clients
We develop industrial products and technological solutions for international clients KAP Group – Segment overview flexible films engineered products surface technologies One of the leading specialists of PVC Leading manufacturer of technical textiles with Leading market position in surface technolog
Slide 7: Segment attractiveness
Segment attractiveness… ….underpinned by mega trends, defensible barriers to entry, and strong customer base flexible films engineered products surface technologies Mega trends such as global warming Mega trends support significant growth in Light-weight trend and electrification in and demogr
Slide 8: Synergistic buy-and-build platform with active portfolio management and value creation
Synergistic buy-and-build platform with active portfolio management and value creation Business model KAP operates a professional holding structure that enables its portfolio companies to seize attractive market opportunities Buy-and-build platform: Acquisition of medium-sized family businesses that
Slide 9: Financials 2025
kap.. EXCELLENCE
Slide 10: Operating performance weighed down by challenging market environment
Operating performance weighed down by challenging market environment KAP Group – Highlights 2025 Revenue down 4.4% to € 241.4m, mainly due to persistently weak demand in automotive and industrial markets Normalized EBITDA down 4.6% to € 20.9m, margin at 8.7% unchanged Segment flexible films co
Slide 11: Refinancing agreement provides framework for ongoing restructuring process
Refinancing agreement provides framework for ongoing restructuring process KAP Group – Refinancing and restructuring update Agreement on a new refinancing concept with its financing banks and extension of the existing syndicated loan Financing package amounts to € 96.0m and runs until 30 March 2
Slide 12: Earnings impacted by weak demand in key end markets
Earnings impacted by weak demand in key end markets FY 2025 – KAP Group Revenue Normalized EBITDA Revenue declined by 4.4% to € 241.4m, (in €m) (in €m / margin in %) reflecting continued weakness in key -4.4% -4.6% markets, particularly automotive and industrial sectors Normalized EBITDA decreas
Slide 13: Strong market demand enabled revenue growth and higher profitability
Strong market demand enabled revenue growth and higher profitability FY 2025 – flexible films Revenue Normalized EBITDA Revenues up 4.8% to € 85.4m, driven by (in €m) (in €m / margin in %) strong customer demand, especially for +4.8% +22.4% premium 3D pool films Normalized EBITDA up 22.4% to € 1
Slide 14: Lower demand led to lower revenue, while profitability stayed broadly stable
Lower demand led to lower revenue, while profitability stayed broadly stable FY 2025 – engineered products Revenue Normalized EBITDA Revenue down 10.2% to € 99.2m, driven by (in €m) (in €m / margin in %) weaker demand from key customer groups -10.2% -1.5% Normalized EBITDA nearly stable at € 6.4
Slide 15: Challenging environment – Segment continued to be severely affected by weak demand
Challenging environment – Segment continued to be severely affected by weak demand FY 2025 – surface technologies Revenue Normalized EBITDA Revenue down 6.5% to € 56.0m, reflecting (in €m) (in €m / margin in %) subdued demand for surface coatings, -6.5% -59.2% especially from the automotive sector
Slide 16: Outlook
Outlook
Slide 17: Progress achieved is at least partially offset by weak overall economic environment
Progress achieved is at least partially offset by weak overall economic environment Outlook Results FY 25 Guidance 2026 KPIs Revenues: € 241.4m Revenues: € 230.0m – € 250.0m Normalized EBITDA: € 20.9m Normalized EBITDA: € 19.0m – € 23.0m The overall economic environment is expected to remain
Slide 18: Disclaimer
Disclaimer This presentation was prepared by KAP AG exclusively for the benefit and internal use of the recipient and solely as a basis for discussion of certain issues described herein. This presentation is strictly confidential and may not be reproduced, summarized or disclosed, in whole or in par
Slide 19: IR contact
IR contact KAP AG Kai Knitter Head of Investor Relations & Corporate Communications Edelzeller Str. 44 36043 Fulda P +49 661 103 327 E investorrelations@kap.de Please feel free to visit our Investor Relations website: www.kap.de/investor-relations