Heidelberger Druckmaschinen Ag · XETR:HDD
Heidelberger Druckmaschinen — FY2025/26 Earnings Presentation
33 slides from Heidelberger Druckmaschinen's earnings presentation, Jun 10, 2026
Slide 1: FY 2025/26 Analysts' and Investors' conference
DRIVING Heidelberger Druckmaschinen AG – FY 2025/26 Analysts’ and Investors’ conference Jürgen Otto, CEO/CFO | Dr. David Schmedding, CTO/CSO | Volker Herdin, Head of Finance | June 10, 2026
Slide 2: Disclaimer
Disclaimer This release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future devel
Slide 3: Agenda
Agenda 1 PERFORMANCE REPORT 2 STRATEGY 3 GUIDANCE FY 2026/27 10.06.2026 | © Heidelberger Druckmaschinen AG | FY 2025/26 Analysts’ and Investors’ conference 3
Slide 4: Major achievements in FY 2025/26
Major achievements in FY 2025/26 Setting the direction We achieved We achieved We achieved disciplined optimization of successful build-up of a strategic expansion of our our cost base while driving security & defense digital business, driving efficiency and accelerating business as a further pillar
Slide 5: HEIDELBERG in figures FY 2025/26 Performance Report
HEIDELBERG in figures FY 2025/26 Performance Report fx-adj. -4.8% fx-adj. +3.6% +1% -50 bps +200% -8% 2,433 2,293 7.1% 6.6% 15 2,246 2,280 5 Order intake Net sales Adj. EBITDA-margin Net result in €m in €m in % of Net sales in €m Orders came in as expected while Slightly above prior year despite Aff
Slide 6: HEIDELBERG in figures FY 2025/26 Performance Report
HEIDELBERG in figures FY 2025/26 Performance Report Equity (Equity ratio in %) Net financial position1 in €m in €m 25.1% 27.2% +2,1% Positive Net income of € 15m Net financial position 568 Favorable effects from contracts driven by a negative 546 -57% pension rate uplift partly offset FCF yoy. 91 by
Slide 7: Order intake as expected below prior year following drupa-driven peak
FY 2025/26 Order intake as expected below prior year following drupa-driven peak in €m Book-to-bill ratio 0.96 1.07 0.98 Challenging environment with geopolitical uncertainty, including tariff discussions and the 2,433 Iran conflict, weighing on investment behavior 2,288 2,246 Underlying demand rema
Slide 8: Guidance Achievement: Satisfactory performance in FY 2025/26
Guidance Achievement Satisfactory performance in FY 2025/26 Net sales of € 2,293m slightly above prior year, but 2.4% below guidance due to FX. +0.6% 2,350 At constant currency: € 2,362m, in line with 2,280 2,293 expectations Net sales (in mio. €) Adj. EBITDA margin reached 6.6%, falling short Adj.
Slide 9: Strategy
Agenda 1 PERFORMANCE REPORT 2 STRATEGY 3 GUIDANCE FY 2026/27 10.06.2026 | © Heidelberger Druckmaschinen AG | FY 2025/26 Analysts’ and Investors’ conference 9
Slide 10: Strengthening Core | System Integration in Packaging
Strengthening Core | System Integration in Packaging Driving connected value across the packaging ecosystem LUXURY Strengthened positioning as end-to-end packaging PHARMA systems integrator HEIDELBERG expanded its packaging strategy beyond printing and converting into upstream and downstream process
Slide 11: interpack 2026 – Strategic approach announced
Strengthening Core | System Integration in Packaging interpack 2026 – Strategic approach announced Integrated ecosystem approach combining materials, production, and logistics into seamless workflows Digital capabilities enable serialization, traceability and data-driven packaging solutions Strong f
Slide 12: Strengthening Core | Digital Solutions: Hybrid production systems
Strengthening Core | Digital Solutions Hybrid production systems for new industrial standards Hybrid production combining offset and digital technologies enables flexibility in a changing print landscape AI-driven workflows with Prinect Touch Free enable autonomous, cost-optimized production Expandi
Slide 13: Strengthening Core | Digital Solutions: Bringing integration to life
Strengthening Core | Digital Solutions Bringing integration to life The Prinect Ecosystem Integrating various printing technologies with prepress and postpress into a comprehensive system “HEIDELBERG’s technology — whether offset, digital, or flexographic printing — continues to impress us with its
Slide 14: Strengthening Core | Regional Growth
Strengthening Core | Regional Growth Strengthening the regions China: On track: Strong order intake (FY 303.7 m€) with a positive outlook for the coming years. Africa: Expanding Infrastructure & Driving Growth Vietnam: Through Packaging, Expand market Services presence, capitalize on growth opportun
Slide 15: Efficiency & Cost Optimization | LCC
Efficiency & Cost Optimization | LCC Reducing manufacturing costs across selected product lines New entity Foundation of HEIDELBERG Industrial Solutions DOO in North Macedonia beginning of 2026 Initial production scope Assembly of postpress equipment and further assembly content Advantageous cost si
Slide 16: Activating Growth Pillar | High Tech Agenda
Activating Growth Pillar | High Tech Agenda HEIDELBERG positioned for future markets AI & Robotics Climate neutral mobility Micro- electronics HEIDELBERG addresses AI-Software (Prinect & Service-backend) as Sensor & automated control systems High Tech components for 3 of 6 basis for automation
Slide 17: HD AT: World class technology for Rapid Scaling
Activating Growth Pillar | HD AT Our USP: World class technology for Rapid Scaling Infrastructure & Skilled Workforce Technologies Expertise Existing modular production From precision engineering to End-to-end systems with strong infrastructure for rapid scalability software-defined systems lifecycl
Slide 18: Energy technology partnership: VINCORION
Activating Growth Pillar | HD AT Strategic business area energy technology: VINCORION Partnership with VINCORION, running since spring 2025 Initial sales realized this fiscal year 10.06.2026 | © Heidelberger Druckmaschinen AG | FY 2025/26 Analysts’ and Investors’ conference 18
Slide 19: KRITIS: Large, regulated market with over 2,100 operators
Activating Growth Pillar | HD AT KRITIS: Large, regulated market with over 2,100 operators 373 516 233 309 Municipal waste Energy Increasing geopolitical tensions & conflicts new manage- ment 97 214 drive security and defense needs Transport Space & Transportation This, in turn, means: IT & Tele- KR
Slide 20: HD AT & Ondas establish JV for drone defense
Activating Growth Pillar | HD AT HD AT & Ondas establish JV for drone defense American-Israeli German specialists in drone defense Industrialization & Market Goal: System provider for drone defense – modular, integrated, and autonomous systems for the reliable protection of critical infrastructure 1
Slide 21: Strong partnerships: ONBERG will sign MoU at ILA
Activating Growth Pillar | HD AT Strong partnerships: ONBERG will sign MoU at ILA Scalable End For Germany and Europe Markets Cutting-edge technology, industrialized and scalable for the armed forces and critical infrastructure Technology Partnership USA & Israel Strategic partners with cutting-edge
Slide 22: 10.06.2026 | © Heidelberger Druckmaschinen AG | FY 2025/26 Analysts’ and Investors’ conference
10.06.2026 | © Heidelberger Druckmaschinen AG | FY 2025/26 Analysts’ and Investors’ conference 22
Slide 23: Energy technology: AMPERFIED
Activating Growth Pillar | HD AT Strategic business area energy technology: AMPERFIED Broader market positioning through a three-tier business model 1) Operations management for corporate clients: >10% organic growth per year 2) Operations management for public charging stations and logistics sites:
Slide 24: Guidance FY 2026/27
Agenda 1 PERFORMANCE REPORT 2 STRATEGY 3 GUIDANCE FY 2026/27 10.06.2026 | © Heidelberger Druckmaschinen AG | FY 2025/26 Analysts’ and Investors’ conference 24
Slide 25: Group Guidance FY 2026/27
Group Guidance FY 2026/27 vs. FY2025/26 FY 2026/27 FY 2025/26 LEVERS Guidance Actuals Focus on dedicated NET SALES STABLE € 2,293m regional & portfolio expansion (partly-) counters challenging macro environment ADJUSTED NOTICEABLE Ongoing cost discipline 6.6% EBITDA-MARGIN IMPROVEMENT Benefits of “Z
Slide 26: Segment Guidance FY 2026/27
Segment Guidance FY 2026/27 vs. FY2025/26 PRINT & PACKAGING DIGITAL SOLUTIONS & HEIDELBERG EQUIPMENT LIFECYCLE TECHNOLOGY NOTICEABLE SLIGHT SIGNIFICANT NET SALES DECLINE INCREASE INCREASE D ADJUSTED SIGNIFICANT SLIGHT SIGNIFICANTLY EBITDA-MARGIN INCREASE DECLINE IMPROVED Challenging environment (wea
Slide 27: Growth Drivers
Growth Drivers Efficiency & cost control forced Dual-use strategy System integration packaging by digitalisation Expansion into supply-driven, Offering turnkey end-to-end Ongoing strong execution of high-growth areas through solutions that span the entire efficiency and cost measures will HD Advance
Slide 28: Publications, Roadshow and Conferences
Publications, Roadshow and Conferences Looking forward to continuing the conversation Financial calendar 2026/2027 Roadshow & Conferences June 10, 2026 June 22, 2026 Press Conference, Analysts’ and Investors’ Conference on FY2025/26 results mwb Industrial Technology July 23, 2026 June 25, 2026 Annua
Slide 29: How to contact us
How to contact us Looking forward to continuing the conversation Contact External Data Platforms/ Research Portals Investor Relations Curation Connect Tel.: +49 6222 - 82 67120 mwb_research investorrelations@heidelberg.com Investor Resources Investor Relations Website 10.06.2026 | © Heidelberger Dru
Slide 30: Financials: Key figures
Financials Key figures Figures in € millions 2024/2025 2025/2026 Change in % Results of operations Incoming orders1) 2,433 2,246 -8 Order backlog at financial year-end1) 722 639 -11 Net sales 2,280 2,293 +1 EBITDA2) 137 145 +6 151 Adjusted EBITDA2) 162 -7 in percent of sales 7.1 6.6 -7 Result of ope
Slide 31: Financials: Balance sheet
Financials Balance sheet Assets Equity and Liabilities Figures in € millions 31-Mar-2025 31-Mar-2026 Figures in € millions 31-Mar-2025 31-Mar-2026 Equity Non-current assets Issued capital 779 779 Intangible assets 218 228 Capital reserves, retained earnings and other reserves -239 -226 Net result af
Slide 32: Financials: P&L
Financials P&L Figures in € millions 1-Apr-2024 1-Apr-2025 to to 31-Mar-2025 31-Mar-2026 Net sales 2,280 2,293 Change in inventories 5 -33 Other own work capitalized 34 23 Total operating performance 2,320 2,283 Other operating income 63 58 Cost of materials 1,052 1,052 Staff costs 818 770 Depreciat
Slide 33: Financials: Segments
Financials Segments Print & Packaging Equipment Figures in € millions 2024/20251) 2025/2026 Incoming orders 1,282 1,135 Order backlog 460 384 Sales 1,162 1,182 Adjusted EBITDA2) 107 93 EBITDA2) 89 91 Digital Solutions & Lifecycle Figures in € millions 2024/20251) 2025/2026 Incoming orders 1,096 1,05
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