Slide 1: Full-year results 2024
Acce//eron Full-year results 2024 Accelleron performed strongly, establishing the baseline for future growth and profitability Zurich, March 13, 2025 Daniel Bischofberger, CEO Adrian Grossenbacher, CFO Accelleron Switzerland Ltd. All rights reserved.
Slide 2: Important notices
Important notices This presentation has been prepared for information purposes only and may in Particular not be used in making any investment decision. Copies of this presentation May not be sent to countries, or distributed in or sent from countries, in which this is barred ‘or prohibited by law.
Slide 3: Agenda
Agenda 3 Fultyear results 2024 investor and analyst conference (March 13, 2025) © Accelleron Switzerland Ltd Aj/
Slide 4: Agenda
Full-year results 2024 investor and analyst conference Agenda Time (CET) Topic Presenter O1 Welcome O2 Agenda Daniel Bischofberger (CEO) 11:30-12:10 O83 Key highlights FY 2024 OA Financial review FY 2024 Adrian Grossenbacher (CFO) O5 Market and outlook 2025 Daniel Bischofberger (CEO) 12:10-12:30 Q&A
Slide 5: Key highlights FY 2024
Key highlights FY 2024 5 Fultyear results 2024 investor and analyst conference (March 13, 2025) © Accelleron Switzerland Ltd Aj/
Slide 6: FY 2024: Breaking through the USD bn revenue mark
FY 2024: Breaking through the USD 1 bn revenue mark Net income increased by 63% Revenues reached USD 1.023 billion (+11.8% year-on-year; +12.9% in constant currency) Op. EBITA increased to USD 262 million (+17.4%) Op. EBITA margin at 25.6% (+1.2 ppts) All build-up activities related to the operation
Slide 7: Proposal subject to AGM approval
* Proposal subject to AGM approval
Slide 8: One anniversary, one bond, two acquisitions
One anniversary, one bond, two acquisitions Accelleron celebrated its legacy and invested in the future 100-year anniversary CHF 180 million bond OMC2 acquisition TNM acquisition * 2024 marked 100th anniversary + First bond issuance * Expanded fuel injection capacity * Expanded marine digital soluti
Slide 9: Growing market shares and new revenues
Growing market shares and new revenues Accelleron benefited from market trends in decarbonization and data centers LNG-fueled ships New service agreements EPLO upgrades Datacenter demand = + Roughly 2/3 of market share in * More than 60 full-cover service * Engine Part-Load Optimization * Emergency
Slide 10: A strong and resilient global value chain
A strong and resilient global value chain Accelleron is in key markets to meet growing demand and be close to customers Contract manufacturing Fuel injection capacity Remanufacturing Enhanced production South Korea Italy USA China + Strategic agreement signed with Fuel injection plays key role in *
Slide 11: Financial review FY 2024
Financial review FY 2024 n Fultyear results 2024 investor and analyst conference (March 13, 2025) © Accelleron Switzerland Ltd Aj/
Slide 12: Group performance
Group performance Strong revenues and op. EBITA exceeded guidance Revenues and growth Op. EBITA & margin Highlights USD m USD m Revenues Positive market mo entire year Strong demand for marine products and extraordinary demand for services Growth driven organically and inorganically Revenue growth o
Slide 13: Medium & Low Speed performance
Medium & Low Speed performance Significant growth and margin expansion Revenues and growth Op. EBITA & margin Highlights USD m USD m Revenues Strong demand in merchant marine across entire lifecycle; service business growth supplemented by retrofit solutions % YoY growth 16.3% Margin | 24.6% 25.7% O
Slide 14: High Speed performance
High Speed performance Substantial margin accretion by 150 basis points Revenues and growth Op. EBITA & margin Highlights USD m USD m Revenues Temporary slowdown in US gas compression business as customers reduced their inventories Power generation slightly up High demand for emergency power solutio
Slide 15: Op. EBITA to net income bridge
Op. EBITA to net income bridge Concluded build-up supported higher net profit USD m 262 (19) 238 5) (5) (12) (46) One-off and Income from Taxes non-operational Operations expenses Operational Acauisition Finance/Interest Net Income EBITA related Expense amortization 16 Full-year results 2024 investo
Slide 16: Free cash flow
Free cash flow Free cash flow up by USD 69 million Highlights * Very strong conversion in H2 of more than Free cash flow and conversion over net income 160% propelled full-year conversion to a healthy 99% Dm 2023 Net income n0 * Strong cash collection kept working capital stable despite significant
Slide 17: Capital structure
Capital structure High cash generation resulted in lower net leverage despite two bolt-on acquisitions Leverage (x LTM operational EBITDA’ as of 31 Dec. 2024) Highlights USD m + Net leverage further down to ~0.7x, despite M&A-related investments of ~0.7x USD 56 million 479 273 * Dividend of CHF 1.25
Slide 18: Market and outlook 2025
Market and outlook 2025 18 Fultyear results 2024 investor and analyst conference (March 13, 2025) © Accelleron Switzerland Ltd Aj/
Slide 19: Decarbonization: It's unclear when new fuels will arrive
Decarbonization: It’s unclear when new fuels will arrive Since e-fuel availability is uncertain, LNG is becoming the temporary fuel of choice New fuels/onboard carbon capture + efficiency CO, measures Marine decarbonization emissions | . { { New fuels + efficiency measures are a | | must to reach ne
Slide 20: New fuels: Costly with massive infrastructure needs
New fuels: Costly with massive infrastructure needs No silver bullet when it comes to fuel selection to transition to net zero in marine Transitional fuels New fuels LNG Bio and e-methanol Blue and e-ammonia Fuel cost Low Very High High Availability Widely available Only limited bio-methanol No blue
Slide 21: How can the marine industry decarbonize?
How can the marine industry decarbonize? Accelleron offers solutions for efficiency measures and new-fuel applications 2 \4 = 5 Operational efficiency Technical efficiency New fuels * Measures such as speed + Measures such as retrofits, hull + — Engines running on new fuels optimization, routing, lo
Slide 22: Marine: Decarbonization drives renewal and retrofits
Marine: Decarbonization drives renewal and retrofits Opportunities lie in dual fuel vessels, retrofits, and full-cover service agreements Ship new-build activity 22 Decarbonization drives fleet renewal Full orderbooks for shipyards and high share of newbuilds for dual fuel capable vessels Only moder
Slide 23: Energy: Trend toward more flexibility and resilience
Energy: Trend toward more flexibility and resilience Opportunities lie in decentralized power generation, data center backup power Decentralized power Backup power Technology Different technologies viable, one being Diesel-fueled combustion engines turbocharged, gas-fueled combustion engines Market
Slide 24: Outlook 2025
Outlook 2025 Marine and energy industries Marine (>50% revenues) Container Tanker/bulker Cruise & ferries Specialized Energy (>40% revenues) Gas compression Medium-speed High-speed gas Backup power power power o 6&6 8 @O 24 Fullyear results 2024 investor and analyst conference (March 13, 2025) © 202
Slide 25: Economically and environmentally sustainable growth
Economically and environmentally sustainable growth Remaining at the forefront of industry advancements Continue to invest in R&D, especially for new-fuel applications Meet significantly increased demand for advanced fuel injection systems Roll out comprehensive marine digital offering Strike a bala
Slide 26: Financial guidance 2025
Financial guidance 2025 Geopolitical uncertainties make forward-looking statements difficult Mid-term! Revenues growth 4-6% (total revenues) 2-4% (organic? revenues) Operational EBITA margin? 25-26% 23-26% Capital framework unchanged Free cash flow conversion? 90-100% Net leverage? 0.5-1.5x Dividend
Slide 27: a7 Fultyear results 2024 investor Ltd
a7 Fultyear results 2024 investor and analyst conference (March 13, 2025) © 2025 Accelleron Switzerland Ltd
Slide 28: For more, contact
Acce//eron For more, contact: Media Relations Investor Relations Niina Eschmann Michael Daiber VP Group Communications, Marketing, and Public Affairs VP Strategy and Investor Relations media@accelleron-industries.com investors@accelleron-industries.com Accelleron Switzerland Ltd Accelleron Switzerla
Slide 29: Acce//eron
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