Kion Group Ag · XETR:KGX
Kion — Investor Presentation (February 2026)
19 slides from Kion's investor presentation, February 2026
Slide 1: Leasing Business Deep Dive Update FY 2025
Leasing Business Deep Dive Update FY 2025 February 2026 Frankfurt
Slide 2: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”, Certain industry, market and competitive position data contained in this and together with its consolidated subsidiaries, the "KION Group") solely for Presentation, if any, come from official or third-party sources. Third pa
Slide 3: Agenda
Agenda 01 Business Model and Strategy 02 Funding 03 Risk Management 04 Lease Accounting & Reporting 05 Key takeaways KION GROUP AG | Leasing Business Deep Dive | February 2026 3
Slide 4: Integrated Business Model within Industrial Trucks & Services
Integrated Business Model within Industrial Trucks & Services Leasing is an important component growing the business • Technology and innovation • Sales support vehicle with benefit New truck sales Financial services leadership for aftermarket and service • Tailor-made solutions and Around half of n
Slide 5: Leasing and Rental Strategy
Leasing and Rental Strategy Integrated approach to drive profitable growth • Full support of life cycle management (Leasing, rental, service, used trucks) • Serve customers’ needs • Strong customer focus to optimized • Full integration into regional Profit & penetration and retention sales structure
Slide 6: Lease Accounting – KION’s Leasing and Rental Business
Lease Accounting – KION’s Leasing and Rental Business Contract and financing structure overview Rental business (Short-Term) Leasing business (Long-Term) Direct business Indirect business Refinancing KION Customer partner Sale Lease contract Vendor contract Financial Lease KION Customer liability co
Slide 7: Agenda
Agenda 01 Business Model and Strategy 02 Funding 03 Risk Management 04 Lease Accounting & Reporting 05 Key takeaways KION GROUP AG | Leasing Business Deep Dive | February 2026 7
Slide 8: Funding Structure of Leasing & Rental Business
Funding Structure of Leasing & Rental Business Increasing share of ABS / RCF optimizing funding condition Maturity Matched Interest Instrument Balance Sheet Position in €m1 Funding Matched Funding 1,905 ABS 1,731 1,503 (Asset-backed securities) 1,809 SALB 1,891 (Sale-and-Leaseback) 1,673 114 Indirec
Slide 9: Agenda
Agenda 01 Business Model and Strategy 02 Funding 03 Risk Management 04 Lease Accounting & Reporting 05 Key takeaways KION GROUP AG | Leasing Business Deep Dive | February 2026 9
Slide 10: Risk Management Categories
Risk Management Categories All risk categories are actively managed and mitigated • Conservative residual value strategy in place since FY 2001 Residual Value • Leasing residual values allow for attractive profit margins in our used truck business Risk • KION has never recorded significant aggregate
Slide 11: Agenda
Agenda 01 Business Model and Strategy 02 Funding 03 Risk Management 04 Lease Accounting & Reporting 05 Key takeaways KION GROUP AG | Leasing Business Deep Dive | February 2026 11
Slide 12: Lease Accounting – Balance Sheet
Lease Accounting – Balance Sheet Increase in (lease) liabilities resulting from growth of leasing business Overview • Many of KION Group’s balance sheet items are related to leasing business, especially: • Leased assets • Rental assets • Lease receivables • Liabilities from lease business • Liabilit
Slide 13: Lease Accounting – Balance Sheet
Lease Accounting – Balance Sheet Direct leasing business drives KION’s balance sheet Leasing and rental balances as at Dec 31, 2025 (2024) Direct vs. indirect leasing as at Dec 31, 2025 (2024) Leasing business Leased assets Leased assets Liabilities from lease €1,726.4m (€1,631.5m) (operating lease)
Slide 14: Lease Accounting – Income Statement
Lease Accounting – Income Statement Leasing business contributes 16% to total KION revenue Leasing (FL) = €1,171m (2024: €1,190m) Leasing (OL) = €666m (2024: €619m) Rental (OL) = €557m (2024: €571m) Leasing & Rental business accounts for 21% of total KION revenue and 29% of total ITS revenue Lea
Slide 15: Lease Accounting – Income Statement
Lease Accounting – Income Statement Timely recognition of income differs between finance and operating Lease FY 2025 Leasing (FL) Leasing (OL) Rental (OL) Finance lease (FL) vs. operating lease (OL) New Rental Rental Business line (In-) direct leasing business classified as a finance lease generat
Slide 16: Lease Accounting – Cash Flow Statement
Lease Accounting – Cash Flow Statement Leasing business is operating cash flow accretive Understanding the cash flow statement KION’s leasing business is presented as operating cash flow 1. EBIT is the basis for the (indirect) calculation of the operating cash flow (OCF) incl. EBIT from leasing & re
Slide 17: Agenda
Agenda 01 Business Model and Strategy 02 Funding 03 Risk Management 04 Lease Accounting & Reporting 05 Key takeaways KION GROUP AG | Leasing Business Deep Dive | February 2026 17
Slide 18: Key takeaways
Leasing Business Deep Dive Key takeaways 1. Leasing business is an important component of the integrated ITS business model 2. Well managed risk profile with resilient income streams 3. Optimized refinancing structure supports competitive funding costs 4. Leasing operations are EBIT and operating ca
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