Wacker Neuson Se · XETR:WAC
Wacker Neuson — Wacker Neuson Se Namen Ak — Q1 2026 Earnings Presentation
17 slides from Wacker Neuson's earnings presentation, May 7, 2026
Slide 1: Wacker Neuson Group – Q1/2026 Earnings Call & Webcast
Wacker Neuson Group – Q1/2026 Earnings Call & Webcast Dr. Karl Tragl (CEO), Christoph Burkhard (CFO) May 7, 2026
Slide 2: Overview Q1/2026
Overview Q1/2026 Q1/2026 Revenue Revenue +20% YoY. Notable upward trend in € 591.4 m compact equipment. (+19.8% YoY) EBIT margin EBIT margin +4.5 PP YoY supported by higher 7.0% revenue with unchanged operating costs. (py: 2.5%) NWC ratio1 NWC ratio1 in Q1/2026 significantly lower 30.7% compared to
Slide 3: Europe grows 27% YoY
Europe grows 27% YoY Americas: Europe: Asia-Pacific: 18% of Group revenue1 80% of Group revenue1 2% of Group revenue1 in € m in € m in € m +27%2 471.6 372.1 -2%2 110.5 108.0 +8%2 10.9 11.8 Q1/2025 Q1/2026 Q1/2025 Q1/2026 Q1/2025 Q1/2026 1 Q1/2025: Americas 22%; Europe 75%; APAC 2%. 2 Adjusted for FX
Slide 4: Compact Equipment grows 40% YoY
Compact Equipment grows 40% YoY Compact Equipment: Light Equipment: Services: 60% of Group revenue1 19% of Group revenue1 21% of Group revenue1 in € m in € m in € m +40%2 355.5 253.5 0%2 -3%2 114.7 114.2 128.2 124.5 Q1/2025 Q1/2026 Q1/2025 Q1/2026 Q1/2025 Q1/2026 1 Q1/2025: Compact Equipment 51%, Li
Slide 5: Net working capital ratio significantly down YoY
Net working capital ratio significantly down YoY As of March 31, 2026 NWC ratio (annualized)1 35.5% 29.7% 31.4% 27.2% 30.0% NWC ratio (LTM)2 32.8% 32.8% 32.4% 29.2% 30.7% [€ m] 750.0 700.0 650.0 600.0 550.0 500.0 Inventories Net working capital 31.03.2025 30.06.2025 30.09.2025 31.12.2025 31.03.2026
Slide 6: Net financial debt remains on a low level
Net financial debt remains on a low level € -3 m € 196 m Free cash flow Net financial debt1 0.6 Net financial debt/ EBITDA2 1 Net financial debt = Non-current financial liabilities + Current liabilities to banks + Current portion of non-current liabilities - Cash and cash equivalents. 2 Net financi
Slide 7: Positive start into the year – Guidance 2026 confirmed
Positive start into the year – Guidance 2026 confirmed Current order intake and order book above previous year Wacker Neuson Group Guidance 2026 Investments in infrastructure and residential construction lead to recovery in EU construction industry in the medium-term Revenue EBIT margin CECE busines
Slide 8: Key takeaways
Key takeaways 1 Strong start into the year 2026 2 Guidance 2026 confirmed 3 John Deere cooperation moving forward as planned Focus on innovation: new machines already in the pipeline, 4 constant enhancement of our solutions Strong balance sheet: foundation to execute our plans and 5 drive future gro
Slide 9: Nobody is perfect, but a team can be!
Nobody is perfect, but a team can be! Wacker Neuson SE, Q1/2026 Earnings Call & Webcast, May 7, 2026 9
Slide 10: Financial calendar and contact
Financial calendar and contact May 13, 2026 Annual General Meeting, Munich August 13, 2026 Publication of Half-Year Report H1/2026, Earnings Call November 12, 2026 Publication of Nine-month Statement 9M/2026, Earnings Call Disclaimer Contact This document contains forward-looking statements which ar
Slide 11: Appendix
Appendix Wacker Neuson SE, Q1/2026 Earnings Call & Webcast, May 7, 2026 11
Slide 12: Revenue and profitability – Q1/2026
Revenue and profitability – Q1/2026 Profitability in Q1/2026 significantly above previous year Comments Revenue EBIT [€ m] margin Revenue: 700 20% • Q1/2026 revenue increased by 19.8% compared to previous year 581 594 591 600 550 494 • Recovery in construction industry (especially in Europe) 500 15%
Slide 13: Development of regions and business segments – Q1/2026
Development of regions and business segments – Q1/2026 Recovery in Europe Comments Revenue Share YoY EBIT1 Revenue Europe (EMEA) +26.7% YoY [€ m] (adj. for FX effects: +27.1%) Europe 471.6 80% +27% 40.4 • Revenue in Q1/2026 increased significantly compared to Americas 108.0 18% -2% 1.3 previous year
Slide 14: Development of NWC components – Q1/2026
Development of NWC components – Q1/2026 Inventories Trade receivables Inventories DIO1 Trade receivables DSO2 [€ m] [Days] [€ m] [Days] 1,000 400 500 200 800 400 616 612 614 647 300 328 317 329 150 594 298 600 300 269 146 200 100 123 132 122 131 400 200 55 51 53 51 41 100 50 200 100 0 0 0 0 Q1/25 Q2
Slide 15: NWC and cash flow development – Q1/2026
NWC and cash flow development – Q1/2026 Net working capital (LTM) Cash flow from operating activities Net working capital Net working [€ m] capital ratio1 [€ m] 1,000 100% 200 800 700 691 692 710 80% 647 150 600 60% 108 100 33% 33% 32% 31% 400 29% 40% 63 61 50 36 200 20% 9 0 0% 0 Q1/25 Q2/25 Q3/25 Q
Slide 16: Financial structure development – Q1/2026
Financial structure development – Q1/2026 Net financial debt and gearing Net financial debt / EBITDA (LTM)3 Net financial debt1 Gearing2 [€ m] 500 100% 1.6 1.4 400 80% 1.1 1.1 299 1.2 298 300 258 60% 1.0 0.9 185 196 0.8 0.6 0.6 200 40% 20% 20% 0.6 17% 12% 13% 0.4 100 20% 0.2 0 0% 0.0 Q1/25 Q2/25 Q3/
Slide 17: The Wacker Neuson SE share
The Wacker Neuson SE share Share price development vs. relevant indices1 Dividend payout 300% 4.00 41% -13% 53% 48% 42% 58% 61% 0% 45% 3.50 130% 3.00 2.73 120% 2.50 2.10 3 110% 2.06 1.99 2.00 100% 0.65 1.50 1.26 1.15 1.14 2 90% 1.10 1.00 1.04 1.00 0.50 0.90 0.70 2 80% 0.60 0.60 0.501.41 0.20 70% 0.6
Wacker Neuson Se Namen Ak — Q1 2026 Earnings Presentation on 6ix