Deutz Ag · XETR:DEZ
Deutz — Deutz Ag Akt — FY 2025 Earnings Presentation
30 slides from Deutz's earnings presentation, Mar 26, 2026
Slide 1: FY 2025 results
DEUTZ FY 2025 results March 26, 2026 DEUTZ AG | FY 2025 results | March 26, 2026
Slide 2: Disclaimer
Disclaimer Unless stated otherwise, all figures given in this presentation refer to continuing operations. The details given in this document are based on the information available at the time it was prepared. This presents the risk that actual figures may differ from forward-looking statements. Suc
Slide 3: Agenda: Overview & current development
AGENDA Overview & current development Dr. Sebastian Schulte Dr. Sebastian C. Schulte | CEO 3 DEUTZ AG | FY 2025 results | March 26, 2026
Slide 4: 2025 in a nutshell: Profitable growth without support of core markets
2025 in a nutshell: Profitable growth without support of core markets New orders Revenue EBIT margin1 FCF2 €2,078 million €2,044 million 5.5% €44.2 million +13.7% y-o-y, +12.7% y-o-y, +1.3pp y-o-y, +47.3% y-o-y, portfolio additions driven by new business increased profitability due strong cash inflo
Slide 5: A broader setup is translating into resilient performance
A broader setup is translating into resilient performance Sales development per Business Unit in € million 2025 marked by a challenging market environment, with limited demand support across key end markets 2,063 2,044 1,892 1,814 Despite lower volumes, DEUTZ delivered one of the 1,617 strongest res
Slide 6: Next DEUTZ: Our ambition and strategy
Next DEUTZ: Our ambition and strategy Next DEUTZ We keep the world moving Defense Energy Engines NewTech Service Build Globalize Streamline Drive Broaden ecosystem business business innovation position Strategy & Growth Financing & Governance People & Transformation 6 DEUTZ AG | FY 2025 results | Ma
Slide 7: Structure follows strategy: Business led set-up since January 2026
Structure follows strategy: Business led set-up since January 2026 Group-wide Business Marco Herre Dr. Sebastian Up to 800 kW CEO Business Unit Defense Defense Schulte Defense engine portfolio CEO Chairman of the David Evans Executive Board 3 kVA-10 MW CEO Business Unit Energy Energy Genset portfoli
Slide 8: Defense
Defense Highlights 2025 Outlook ▪ Exceeded planned contribution, ~€300 milion (revenue target in 2030) reflecting strong momentum in the defense business ▪ Expand footprint in ▪ Established initial footprint in DefTech through partnerships DefTech, including SOBEK and joint projects (e.g. UAV/UGV) a
Slide 9: Energy
Energy Highlights 2025 Outlook ▪ Blue Star Power Systems >20% >€500 million (CAGR ‘25-’30) (revenue target in 2030) delivered above-plan growth, expanding network and improving operations ▪ Drive organic growth across Blue Star Power Systems and ▪ MAGIDEUTZ turnaround MAGIDEUTZ, improving progressin
Slide 10: Engines
Engines Highlights 2025 Outlook ▪ Successfully launched DEUTZ ~8% >€2 billion (CAGR ‘25-’30) (revenue target in 2030) TCD 3.9/4.0 engines with strong customer response ▪ Launch partner engine ▪ HDEP/ MDEG engines products, e.g. DEUTZ TCD 24.0 integration in product portfolio V12 GDU-L for low regula
Slide 11: NewTech
NewTech Highlights 2025 Outlook ▪ Successfully acquired UMS >20% ~€300 million (CAGR ‘25-’30) (revenue target in 2030) and initiated integration, with first joint projects and ramp-up underway ▪ Convert pipeline into revenue by scaling projects, ▪ Shift from one-offs to small production and delivery
Slide 12: Service
Service Highlights 2025 Outlook ▪ Expanded service network and ~15% >€1.0 billion (CAGR ‘25-’30) (revenue target in 2030) multibrand capabilities, delivering strong growth in HDEP/ MDEG ▪ Drive global growth by integrating Americas and Europe ▪ Completed four targeted and expanding the service acqui
Slide 13: We remain committed to our ambitious 2030 revenue target
We remain committed to our ambitious 2030 revenue target: Each business unit makes a clear contribution INDICATIVE Revenue target 2030 (in € billion) ~4.0 +14% p.a. 2.0 1.8 Status 2024 Status 2025 Defense Energy Engines NewTech Service Target 2030 DEUTZ AG | FY 2025 results | March 26, 2026
Slide 14: FY 2025 in numbers
FY 2025 in numbers Oliver Neu DEUTZ AG | FY 2025 results | March 26, 2026
Slide 15: 2025 results meet specified guidance
2025 results meet specified guidance FY 2025 guidance Specification as of 9M 2025 FY 2025 results At €2.1 billion and thus at the €2.1 billion to Revenue lower end of the guidance €2.044 million €2.3 billion expected Adjusted EBIT Middle of the guidance range 5.0 to 6.0% 5.5% margin1 expected Mid-do
Slide 16: Future Fit: FY 2025 savings of >€25 million, all measures implemented
Future Fit: FY 2025 savings of >€25 million, all measures implemented Future Fit cost program (in € million) ▪ Measures fully on track with sustainable savings >50 Implementation/ of >€50 million in 2026 vs. 2024 cost base 50 10% validation ▪ Savings in FY 2025 of >€25 million 30% Implemented & ▪ Fu
Slide 17: FY 2025 business figures
FY 2025 business figures New orders Revenue Adjusted EBIT1 in € million In € million in € million (margin in %) +13.7% +12.7% +46.4% 2,077.7 2,043.8 112.3 1,827.1 1,813.7 5.5% 76.7 4.2% 2024 2025 2024 2025 2024 2025 ▪ New orders increased due to portfolio development; book-to-bill ratio at 1.02 (202
Slide 18: Adjusted EBIT margins continuously improving throughout FY 2025
Adjusted EBIT margins continuously improving throughout FY 2025 New orders Revenue Adjusted EBIT1 in € million In € million in € million (margin in %) 546.1 573.2 518.1 543.4 36.8 489.0 493.3 488.0 470.4 28.4 26.1 21.0 6.8% 5.0% 5.8% 4.3% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 ▪ Q4 2025 overall stronge
Slide 19: Segment DEUTZ Engines & Services
Segment DEUTZ Engines & Services Engines & Services ▪ Business Unit Engines in € million 2024 2025 ▪ 133,156 units sold (-5,5% y-o-y) ▪ 2025 in-house production 4.5% below previous year, New orders 1,654.3 1,896.6 leading to negative economies of scale ▪ Positive effects from Daimler Truck off-highw
Slide 20: Segment DEUTZ Solutions
Segment DEUTZ Solutions Solutions ▪ Business Unit Energy in € million 2024 2025 ▪ Order intake of €165.4 million, book-to-bill ratio of 0.98 New orders 172.8 181.1 ▪ Revenue of €168.8 million (2024: €82.9 million) ▪ Adj. EBIT of €15.2 million2 (2024: €8.7 million), Revenue 90.1 182.8 especially driv
Slide 21: R&D spending, capital expenditure, and working capital
R&D spending, capital expenditure, and working capital Net R&D spending1 Capital expenditure1,2 Working capital in € million in € million in € million 0.0% -9.0% 93.4 -6.8% 383.0 382.9 85.0 102.4 95.4 5.1% 26.0 19.7 21.1% 18.7% 4.2% 2024 2025 2024 2025 31.12.2024 31.12.2025 R&D ratio Thereof additio
Slide 22: Cash flow and net debt
Cash flow and net debt Cash flow from Free cash flow1 Net debt2 in € million in € million operating activities in € million +43.8 +33.0 269.4 143.4 +14.2 225.6 78.1 110.4 44.2 86.9 30.0 Thereof leases Thereof leases 2024 2025 2024 2025 31.12.2024 31.12.2025 ▪ Operating cash flow development particul
Slide 23: Balance sheet, financing and dividend
Balance sheet, financing and dividend Equity Leverage1 Dividend per share in € million Net debt2/EBITDA LTM3 in € 1,912 1,683 0.18 0.17 0.17 51.3% 1.3 1.3 0.15 50.4% 980 848 0.8 0.6 31.12.2024 31.12.2025 2022 2023 2024 20254 2022 2023 2024 2025 Total assets Equity % Equity ratio ▪ Equity ratio sligh
Slide 24: Adjustment of reporting structure from Q1 2026
Adjustment of reporting structure from Q1 2026 Defense & Other1 Energy Reporting segments aligned to Business Units from Q1 2026 Engines ▪ Enhance transparency ▪ Reflect differences in business NewTech structure & focus Service2 24 1 Includes 50% stake in HJS Emission Technology GmbH & Co. KG and fu
Slide 25: Agenda: Guidance for 2026
AGENDA Guidance for 2026 Dr. Sebastian Schulte Dr. Sebastian C. Schulte | CEO 25 DEUTZ AG | FY 2025 results | March 26, 2026
Slide 26: Next DEUTZ: Comprehensive value levers & transformation
Next DEUTZ: Comprehensive value levers & transformation Value levers ▪ Growth – selective, structural, resilient Scaling of our energy & defense business backed by market growth; market share gains in service; focused engine approach ▪ Margins – quality before volume Increasing share of margin-accre
Slide 27: DEUTZ 2026 outlook driven by our strategic value transformation
DEUTZ 2026 outlook driven by our strategic value transformation Market perspective ▪ Continued macro & geopolitical volatility and uncertainty ▪ Cautiously improving end markets ▪ Engine business recovery expected DEUTZ perspective Above-market growth & ▪ Business set-up: Increasing benefits from mo
Slide 28: Guidance 2026: Profitable growth expected
Guidance 2026: Profitable growth expected Guidance 2026 ▪ Growth supported by positive momentum in Energy, Service €2.3 billion to €2.5 billion thereof (midpoint) Engines €1.330 m, and Defense, strengthening Revenue Service €635 m, Energy €290 m, overall resilience NewTech €35 m, Defense & Other €11
Slide 29: Thank you for your attention! Any questions?
Thank you for your attention! Any questions? DEUTZ AG | FY 2025 results | March 26, 2026
Slide 30: Financial calendar and contact details
Financial calendar and contact details Financial calendar Contact Q1 2026 quarterly statement May 7, 2026 Investor Relations Annual General Meeting May 13, 2026 +49 (0) 221 822-3600 2026 ir@deutz.com Q2 2026 quarterly statement August 6, 2026 Follow us on 30 DEUTZ AG | FY 2025 results | March 26, 20