Slide 1: Krones First Half Year 2025
Krones First Half Year 2025 Conference Call July 30, 2025 Christoph Klenk, CEO Uta Anders, CFO
Slide 2: Krones significantly increases profitability in first half-year and confirms financial targets for 2025
Krones significantly increases profitability in first half-year and confirms financial targets for 2025; However, the uncertainties caused by US customs policy influenced our customers' final investment decisions Despite critical overall Revenue growth in HY1 2025 EBITDA margin in HY1 Targets for 20
Slide 3: Krones highlights 1st HY 2025
Krones highlights 1st HY 2025 €2.73 billion +6.7% 10.6% +€47 million Order intake Revenue EBITDA margin Free cash flow w/o M&A (PY €2.79 billion) €2,727 million (PY 10.0%) (PY +€127 million) 3 Krones Conference Call July 30, 2025
Slide 4: Order intake (€ million)
Order intake (€ million) Order intake (€ million) The willingness of Krones' customers to invest remains robust, 5,377 5,461 but some final investment decisions -7.0% +1.6% 1,345 are postponed Q4 1,263 − The Q2 2025 order intake was 1.2% below prior year 1,328 1,323 Q3 2,730 − In the first 6 months
Slide 5: Order backlog (€ million)
Order backlog (€ million) Order backlog (€ million) − With a balanced ratio of sales to order 4,289 4,293 intake, the order backlog remained at 4,122 +4.1% +0.1% its very high level at €4.3 billion +18.9% − After 6 months 2025 the order backlog increased slightly again by 0.1% compared to the end of
Slide 6: The well-balanced revenue split in industrialized and emerging markets reflects resilience
The well-balanced revenue split in industrialized (51%) and emerging markets (49%) reflects the strong resilience of Krones Share of revenues (1st HY) Europe Eastern Europe/ Central Asia North and 31.0% 28.6% 30.3% Central America 5.1% 7.6% 7.0% 24.9% 23.3% 20.8% 2023 2024 2025 China 2023 2024 2025
Slide 7: Revenue development by quarter (€ million)
Revenue development by quarter (€ million) Despite difficult macroeconomic 5,294 conditions, Krones increases revenue +12.1% by 6.7% in the first half of 2025 4,721 +12.2% 1,419 − Due to the negative calendar effect in Q2 2025 the pace of growth from April 1,235 to June slowed as expected Q4 − The a
Slide 8: EBITDA and EBITDA margin further improved (€ million and %)
EBITDA and EBITDA margin further improved EBITDA (€ million) (€ million and %) EBITDA margin in % 537.1 +17.4% EBITDA margin in 6 months 2025 at 146.0 457.3 10.6% with EBITDA at €289 million +22.5% (+13%) 125.0 − EBITDA margin improved significantly from 10.0% to 10.6%. This confirms the Q4 134.9 EB
Slide 9: EBT and EBT margin by quarter (€ million and %)
EBT and EBT margin by quarter (€ million and %) EBT (€ million) EBT margin in % 381.6 EBT margin increased in 6 months 2025 +22.9% to 7.5% 106.0 − After six months in 2025, EBT also 310.5 increased by 11% up to €206 million +28.3% and a EBT margin of 7.5% 75.1 − EBT was just slightly influenced by a
Slide 10: Personnel and material expenses HY1 (€ million and %)
Personnel and material expenses HY1 (€ million and %) − As a result of an increasing number of Personnel costs 1st HY (€ million) Material costs 1st HY (€ million) employees (+6.0%) in the last 12 months and raised wages and salaries in 2025 the personnel costs increased by 11%. So, the personnel co
Slide 11: Krones employees worldwide
Krones employees worldwide – Slightly increased employee amount in Germany in 2025 (+0.9%) and also a small global growth (+2.5%). Total headcount in the USA is around 1,600. Total Germany RoW 20,379 20,712 Thereof KAG 18,513 11,312 11,415 10,654 9,067 9,297 7,859 9,622 9,056 9,539 31.12.2023 31.12.
Slide 12: Revenue and EBITDA per segment (1/3)
Revenue and EBITDA per segment (1/3) Filling and Packaging Technology Revenue development 1st HY Segment EBITDA (€ million) and (€ million) EBITDA margin (%) 1st HY − As expected, the revenue increased by 2,301 7.0% and so is slightly above the growth 2,149 of the group and in the target range 2025
Slide 13: Revenue and EBITDA per segment (2/3)
Revenue and EBITDA per segment (2/3) Process Technology Revenue development 1st HY Segment EBITDA (€ million) and (€ million) EBITDA margin (%) 1st HY − In Process Technology, revenues in the first six months of 2025 developed as predicted. Compared with the previous year, it fell slightly by 1.0% f
Slide 14: Revenue and EBITDA per segment (3/3)
Revenue and EBITDA per segment (3/3) Intralogistics Revenue development 1st HY Segment EBITDA (€ million) and (€ million) EBITDA margin (%) 1st HY − Revenue continued to develop well in the first six months 2025 and increased by 14.4% − Conditions on the international markets for intralogistics cont
Slide 15: Krones expands its financial strength; a resilient strong capital position
Krones expands its financial strength; a resilient strong capital position is obligatory to withstand volatile world economy developments − With €377 million cash Liquidity reserves Equity (€ million) and equity ratio (in %) and €848 million free 30.06.2025 1,968 credit lines Krones has a very stron
Slide 16: Working Capital 1st HY (in %)
Working Capital 1st HY (in %) Working Capital continued to improve Working Capital of revenue 1st HY Part of Working Capital in % to 17.1% (vs. 17.4% prior year) (%, average over four quarters) of revenue (last 12 months) − The receivables/POC increased in Euro amounts by 2.4% and below revenue Rece
Slide 17: Free cash flow 1st HY
Free cash flow 1st HY With an operative cash flow in HY1 2025 (€ million) 2025 2024 of €103 million the free cash flow (w/o Earnings before taxes (EBT) 205.5 185.7 M&A) was strong at €47 million +/– Other non-cash changes +120.0 +102.1 − The positive development of the operative earnings results in
Slide 18: Free cash flow
Free cash flow Strong free cash flow after 6 months Free cash flow (without M&A) in € million in 2025 − After a strong development in FY 2024 (+€293 million) and Q1 2025 398 (+€165 million) the free cash flow was at €47 million after 6 months 2025 also influenced by seasonal effects 293 − As a conse
Slide 19: ROCE
ROCE − ROCE, as the third target figure, in HY1 ROCE 1st HY 2023 – 2025* in % 2025 is at 19.0% within our expectations for FY 2025 (18% to 20%) and better than 18.8 19.0 HY1 2024 (18.8%) 17.8 − The positive development is mainly based on higher EBIT (+12%) in HY1 2025 − This increase in earnings wil
Slide 20: Outlook 2025
Outlook 2025 20 Krones Conference Call July 30, 2025
Slide 21: Krones Outlook 2025 – CONFIRMED further growth and improvement of profitability
Krones Outlook 2025 – CONFIRMED further growth and improvement of profitability 7% – 9% 10.2% – 10.8% 18% – 20% Revenue growth EBITDA margin ROCE There are various unpredictable factors that could affect the company’s business processes and production. These include geopolitical risks in Europe, the
Slide 22: Krones Outlook 2025 – Segment targets – CONFIRMED
Krones Outlook 2025 – Segment targets – CONFIRMED Filling and Packaging Process Intralogistics Technology Technology Revenue 7% – 9% 0% – 5% 15% – 20% growth EBITDA 10.5% – 11.0% 9.0% – 10.0% 6.5% – 7.5% margin 22 Krones Conference Call July 30, 2025
Slide 23: Mid-term targets 2028 – CONFIRMED
Mid-term targets 2028 – CONFIRMED Revenue, € billion EBITDA and EBT margin, % ROCE, % ~7.0 bn EBITDA EBT 5.3 bn >20% 18.2% 11-13% 8-10% 10.1% 7.2% 2024 2028 target 2024 2028 target 2024 2028 target Growth drivers Profitability drivers ROCE drivers ▪ 3% Global Beverage Market ▪ Pricing power ▪ Increa
Slide 24: Key take aways
Key take aways 1. Krones follows its profitable growth path and strongly increases the profitability 2. With revenue growth (+6.7%) and EBITDA margin (10.6%) the development in first 6 months 2025 was as expected 3. With a very high order backlog of €4.3 billion, Krones has planning certainty and a
Slide 25: Questions and Answers
Questions and Answers 25 Krones Conference Call July 30, 2025
Slide 26: Conference Call First Half Year 2025
Conference Call First Half Year 2025 26 Krones Conference Call July 30, 2025
Slide 27: Thank you for your attention!
Thank you for your attention! 27 Krones Conference Call July 30, 2025
Slide 28: Financial calendar 2025/2026
Financial calendar 2025/2026 November 7, 2025 Conference Call Group Quarterly statement for the period from 1 January to September 30, 2025 February 19, 2026 Conference Call Group Preliminary figures for the period from 1 January to December 31, 2025 May 8, 2026 Conference Call Group Quarterly state
Slide 29: Disclaimer
Disclaimer This investor presentation contains forward-looking statements that are based on current estimates, forecasts and assumptions made by Krones AG management to the best of its knowledge and other information currently available to Krones AG. The forward-looking statements of this presentati
Slide 30: SOLUTIONS BEYOND TOMORROW
SOLUTIONS BEYOND TOMORROW