Krones Ag · XETR:KRN
Krones — Investor Day (September 2025)
98 slides from Krones's investor day presentation, Sep 17, 2025
Slide 1: Capital Market Day
Capital Market Day 17th of September 2025 Christoph Klenk, CEO | Uta Anders, CFO Thomas Ricker, CSO | Markus Tischer, Board Member IOS Olaf Scholz, Head of Investor Relations
Slide 2: Welcome
01 Welcome
Slide 3: Agenda
Agenda 01 Welcome 11:00 02 Strategic Overview – Christoph Klenk 45 mins 11:00 – 11:45 03 Deep dive: Filling and Packaging Technology – Thomas Ricker/Markus Tischer 45 mins 11:45 – 12:30 Lunch break 45 mins 12:30 – 13:15 04 Deep dive: Process Technology and Intralogistics – Christoph Klenk 30 mins 13
Slide 4: Speakers
Speakers Christoph Klenk Uta Anders Thomas Ricker Markus Tischer Olaf Scholz Chief Executive Chief Financial Chief Sales Officer Executive Board Head of Investor Officer Officer Member, Relations International Operations and Services 4 Krones Capital Market Day 2025
Slide 5: Strategic Overview
02 Strategic Overview Christoph Klenk
Slide 6: What we achieved in 2024
What we achieved in 2024 537 Mio € 20,379 EBITDA Employees 5,460 Mio € 10.1% Every fourth EBITDA Orders received beverage margin container in the world runs 7,030 through one of our lines 5,293 Mio € Patents and utility models Sales 6 Krones Capital Market Day 2025
Slide 7: Krones confirms its outlook 2025 – Further growth and improvement of profitability
Krones confirms its outlook 2025 – 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,
Slide 8: Which challenges we face
Which challenges we face Technological New world order in development place − Digitalization and AI − Bloc building − OT/IT Convergence − Geopolitical tensions − Cyber Security − Trade conflicts Competition Climate change − Chinese competitors − Resource efficiency catching up − Emission control tec
Slide 9: Why we achieve our targets
Leading Why we achieve our targets product and Well-balanced service revenue split portfolio Successful Growing and transformation stable markets progressing Experienced in Resilient Growth beyond managing footprint beverage uncertain times 9 Krones Capital Market Day 2025
Slide 10: Krones business segments
Krones business segments Filling and Packaging Technology Process Technology Intralogistics Krones Krones Krones Others Others Others Krones is the market leader in Krones generates ~500 Mio € Krones generates ~400 Mio € filling and packaging industry, revenue in the process revenue in the intralogi
Slide 11: Krones well-balanced revenue distribution
Krones well-balanced revenue distribution Revenue shares, % of total, Q2 of each year Eastern Europe and Europe Central Asia North and 29% 30% 8% 7% Central America 23% 2024 2025 21% 2024 2025 China 7% 7% 2024 2025 Middle East and Africa 2024 2025 South America 11% 13% Asia Pacific 10% 11% 12% 11% 2
Slide 12: Geopolitical dynamics: A closer look at the US policy and economy
Geopolitical dynamics: A closer look at the US policy and economy Focus of US policy ~2% p.a. ~330 bn € expected GDP growth in foreign direct investments − Maintain US global hegemony 20251 outflows in 20242 (MAGA, Mar-a-Lago Accord) − Rebalance trade with tariffs − Strengthen US manufacturing >120
Slide 13: How much is Krones impacted by the US tariffs?
How much is Krones impacted by the US tariffs? ~20% of global revenue is generated in the Localization level per segment US, Q2 2025 Planned build-up As-Is 100% 100% 100% 100% ~10% 20% of global revenue is 90% 90% impacted by 70% US tariffs 25% 5% Bottling lines Lifecycle Process Intralogistics Serv
Slide 14: Main investments in our US footprint
Main investments in our US footprint ~50 Mio € investment planned to boost our operational resilience in the US Oakwood, Wisconsin Franklin, Wisconsin New logistics center (5-minute Expansion of production drive from existing campus) Close monitoring footprint at existing campus of competitive and t
Slide 15: Geopolitical dynamics: A closer look at the Chinese policy and economy
Geopolitical dynamics: A closer look at the Chinese policy and economy Focus of Chinese policy ~5% p.a. ~3% p.a. expected GDP growth in 20251 growth of Chinese − Achieve global leadership manufacturing industry4 in economic, political, and military ~150 bn € 41% domains − Transfer Chinese economy fr
Slide 16: Main investments in our Chinese and APAC footprint
Main investments in our Chinese and APAC footprint India, Bangalore, HY 2 2026 China, Taicang, HY 2 2026 Capture booming market Leverage fast and cost- efficient production for China India, Hyderabad, HY 2 2026 Further strengthen existing Resilient footprint in APAC and China to Process Technology s
Slide 17: Krones global setup and scenario planning to navigate in uncertain times
Krones global setup and scenario planning to navigate in uncertain times Business experience Capability build-up >25 years of business experience across Scenario planning method Middle East and Africa, which accounts for 2/3 introduced by external consultancy and established of state-based conflicts
Slide 18: Main growth drivers for the global beverage industry
Main growth drivers for the global beverage industry Growing world Rising middle class population to with >110 million almost 10bn in people joining in 20501 20243 Increasing share of Continuing people living in sustainability focus urban areas among our reaches 70% in customers to reduce 20502 thei
Slide 19: Middle East Africa and Asia Pacific are the global growth regions
Middle East Africa and Asia Pacific are the global growth regions Population1, in billion India By 2100 >1,500 4.4 bn people in MEA … 1,400 12 3.2 bn people in APAC China 650 10 Pakistan 511 By 2100, 1,400 Nigeria 477 nearly half 8 MEA of the Congo DRC 429 350 world's 6 USA 421 280 largest Ethiopia
Slide 20: Urbanization is a global megatrend
Urbanization is a global megatrend Population living in urban areas, in billion 2.0 ~4.8 bn APAC Middle East, Africa 1.5 people live in urban areas in 2025, equal China to 57% of global 1.0 population Europe ~6.7 bn South America 0.5 North America people live in urban 0.0 areas in 2050, equal 1950 1
Slide 21: Krones strong footprint in MEA to capture the growth potential
Krones strong footprint in MEA to capture the growth potential 5 70 Countries Morocco Libya HQ Dubai Centres Egypt UAE Middle East Saudi North Africa Arabia 9 5 Senegal Nigeria Sudan East Africa Local Offices Warehouses Ethiopia Ghana 3 3 Kenya West Africa Training KIC Consumables Angola Centres Pro
Slide 22: Sustainability shapes our industry
Sustainability shapes our industry Progress & Net Resource Circular Economy Zero Commitment Efficiency Awareness Sustainability – road to Water scarcity – need Rising global awareness zero emission with for less consumption for sustainability and significant CO2 savings and reuse of water the need o
Slide 23: Sustainability at Krones: Our key customers stick to net-zero targets
Sustainability at Krones: Our key customers stick to net-zero targets Near-term Targets Net-Zero Targets Future Ambition Scope 1+2 Scope 1+2+3 (customer feedback) -80% 2030 2040 Stay on track SBTi approved -90% 2030 2040 Stay on track No SBTi 2040 validation -25% 2030 * Stay on track 2050 recently -
Slide 24: Packaging growth
Packaging growth Volume in bn units; % share by packaging type; CAGR in % Drivers for PET boom Can PET Glas Others Global − EU laws mandate reusable packaging +3% p.a. and recycled content − Key accounts increasingly focus on ~2,000 ~2,300 reusable formats (glass, PET) +1.7% p.a. − Recycled PET gain
Slide 25: Beverage consumption growth
Beverage consumption growth Soft Drinks Liquid Dairy Alcoholic Drinks % CAGR 2024-2029 Circle size indicates and Water consumption volume North America Europe China +2.4% +1.4% p.a. global +1.0% +2.2% beverage p.a. p.a. p.a. consumption growth +2.0% +2.9% +4.4% South p.a. p.a. p.a. Asia America Paci
Slide 26: All our segments offer growth opportunities in beverage and beyond
All our segments offer growth opportunities in beverage and beyond Beverage industry Growth beyond beverage Filling and Packaging Technology Liquid HPC food Pharma Recycling Alternative Process Technology proteins Intralogistics Grocery Krones is best positioned to grow both in the beverage and adja
Slide 27: Krones is advancing well on its transformation path
Krones is advancing well on its transformation path Progress towards target state Highlights Sustainability − Plastics cycle closed with Netstal Transformation acquisition. − Climate goals 2030 are on track. Digital − 600 digital experts worldwide − All new lines are fully connected. Transformation
Slide 28: Sustainability transformation: A closed plastics cycle
Sustainability transformation: A closed plastics cycle Bottle design (starting and ending with recycling, low weight) Caps Secondary and bottle production PET and PO packaging recycling Recycling process Injection molding of preforms and preform design A closed loop with Krones solutions starting fr
Slide 29: Sustainability transformation: driving ESG progress toward 2030+
Sustainability transformation: driving ESG progress toward 2030+ Current progress Selective KPIs since base year Target 2030 E Reducing Scope 1+2 emissions at our plants -80% Reducing Scope 3 emissions -30% S Women in leadership 20% Occupational accidents -30% G Legal entities evaluated with complia
Slide 30: Sustainability transformation: reduction potential through innovation
Sustainability transformation: reduction potential through innovation Greenhouse gas Fresh water over the emissions in tCO2e/a entire life cycle in m³/a Standard PET packaging 18,770 t 133,660 m³ Optimized 5,060 t 32,150 m³ packaging and production Reduction1 - 73% - 75% Our packaging and production
Slide 31: Digital transformation: connected lines and digital experts worldwide
Digital transformation: connected lines and digital experts worldwide Digital Service Center >600 digital experts and 7 Digital Service Center realize our digital transformation together with our customers and partners. All lines delivered today are fully connected. Krones digital experts deliver in
Slide 32: Product transformation: Unveiling of our "Line of the future"
Product transformation: Unveiling of our "Line of the future" Main customer demands Krones response Operational efficiency and flexibility Autonomous operations Seamless digital integration End-to-end digital services Data protection Cyber security and data compliance Krones delivers market demands
Slide 33: Organizational & Process Transformation: The conversion of our IT landscape is on track
Organizational & Process Transformation: The conversion of our IT landscape is on track; first systems are fully operational at global scale Boosting performance We are setting new standards through targeted transformation in all areas of our global value-chain across all segments Sales Engineering
Slide 34: Organizational & Process Transformation: Accelerating process innovation through strategic partnerships
Organizational & Process Transformation: Accelerating process innovation through strategic partnerships Area Dynamic product IT/OT Performance simulation configuration convergence Innovation AI and model-based Integrated PLM and ALM1 Cloud-based high approach with Microsoft enables digitalization an
Slide 35: To sum it up – Krones Strategy at a glance
To sum it up – Krones Strategy at a glance Our Vision Our Mission Sustainable and affordable beverages, food We lead with innovative solutions to empower our Vision and essentials for everyone and everywhere. customers, meeting their goals and beyond, making & Mission We develop solutions beyond exp
Slide 36: Deep dive: Filling and Packaging Technology
03 Deep dive: Filling and Packaging Technology Thomas Ricker/Markus Tischer
Slide 37: Market leader in Filling and Packaging Technology
Market leader in Filling and Packaging Technology Filling and Packaging Technology Process Technology Intralogistics Krones Krones Krones Others Others Others Krones is the market leader in Krones generates ~500 Mio € Krones generates ~400 Mio € filling and packaging industry, revenue in the process
Slide 38: Measures at a glance: segment Filling and Packaging Technology
Measures at a glance: segment Filling and Packaging Technology Revenue, Mio € and EBITDA, % of revenue 10.4% 0.25–0.5 pp 0.5–1.0 pp 0.5–1.0 pp 0.5–1.0 pp 12-14% +6% p.a. ~450 ~550 ~5,600 4,454 ~150 2024 Structure and Global footprint Portfolio Growth Target 2028 processes − Adaptation of structures
Slide 39: Before we unveil our latest innovation, let's look at our growing market
Before we unveil our latest innovation, let‘s look at our growing market PET still strong +4.5% growth p.a. supported by regulatory tailwind in developed and emerging markets. No. 1 packaging type due to shape, design differentiation and low CO2 footprint ~3% Healthy and energetic lifestyle CAGR ~6%
Slide 40: Market demands and customer inspiration from last drinktec 2022
Market demands and customer inspiration from last drinktec 2022 Our new line goes beyond machinery – it’s a holistic solution where digital services interact seamlessly to increase line efficiency and reduce overall costs. 40 Krones Capital Market Day 2025
Slide 41: Changing expectations in B2B interaction – driven by emerging markets
Changing expectations in B2B interaction – driven by emerging markets Global mobile money accounts: Top 15 markets by increase in Mobile connectivity: mobile Africa leads mobile banking mobile internet subscribers connections compared with Active mobile accounts 2010-2023 in million 2025-2030 in mil
Slide 42: Rethinking Service
Rethinking Service Krones Response − Lifecycle Service solutions across Market Insights the entire customer journey − Digital Service expansion: predictive, − Customers expect digital, proactive remote and smart and outcome-based services. − Service as a strategic pillar, connected − Lifecycle think
Slide 43: … and this is the answer from Krones: Ingeniq
… and this is the answer from Krones Ingeniq With ingenuity, we shape the future of filling and packaging. The seamless fusion of machines, software and services! Ingeniq drives customer success and differentiates us from competition. 43 Krones Capital Market Day 2025
Slide 44: Levers on the TCO (Total Cost of Ownership) with Ingeniq
Levers on the TCO (Total Cost of Ownership) with Ingeniq Traditional business model Ingeniq COST CHANGES Investment + Krones Services + Packaging - Waste - Energy/Utilities - Operator - TCO REDUCTION: -10% 10% TCO reduction for our customers is feasible with Ingeniq! 44 Krones Capital Market Day 202
Slide 45: Ingeniq – High-end Equipment
Ingeniq – High-end Equipment 45 Krones Capital Market Day 2025
Slide 46: Ingeniq – High-end Equipment
Ingeniq – High-end Equipment Started with PET still water Next to come Already in operation Roll-out-plan for all product and available now and packaging types PET PET CSD aseptic Can Glass 46 Krones Capital Market Day 2025
Slide 47: Integrated Preform Injection Molding
Integrated Preform Injection Molding In-house preform manufacturing with utmost flexibility for the line − Integrated injection technology − Suitable for high-speed cycles − Connected to the Krones Ecosystem for full production control and transparency − Inline production directly to the ErgoBloc L
Slide 48: Innovations for Ingeniq – high-end equipment
Innovations for Ingeniq – high-end equipment Long-term Fully digitized and Energy and media performance No operators connected reduction − >30 performance push − Central feeding unit − Krones Operation − Smart energy and improvements − Automated material Platform as digital media analytics − Label s
Slide 49: Ingeniq – Connect and Secure
Ingeniq – Connect and Secure 49 Krones Capital Market Day 2025
Slide 50: Krones.world – The simple access to all digital services
Krones.world – The simple access to all digital services Shopping Production Customer Service 50 Krones Capital Market Day 2025
Slide 51: Krones.world
Krones.world The Service and Production-Platform for the beverage- und liquid-food-industry! ✓ Approx. 80,000 visits on Krones.shop per month ✓ Approx. 37,000 customer users ✓ Available in >160 countries in 10 languages ✓ Seamless customer journey Content Management Content Delivery Krones ERP Syste
Slide 52: Krones.world integral element of an Ingeniq Line
Krones.world integral element of an Ingeniq Line with the Connect and Secure contract ... and any machine HMI or mobile reachable from the Central Operation Unit... 52 Krones Capital Market Day 2025
Slide 53: Ingeniq – Lifecycle Alliance
Ingeniq – Lifecycle Alliance 53 Krones Capital Market Day 2025
Slide 54: Rethinking service - from cooperation to collaboration
Rethinking service - from cooperation to collaboration Customer Krones Scope Lifecycle Alliance Production Order Order Task mgmt. Analysis Mutual planning execution operators performance optimisation Scope traditional service agreement Maintenance Mutual maintenance Mutual maintenance Condition-base
Slide 55: Ingeniq: Lifecycle Alliance
Ingeniq: Lifecycle Alliance A new understanding of service An alliance stands for a partnership between individuals and/or organizations who pursue a common goal, and both contribute to achieving this goal. The basis: Trust, reliability and responsibility. With the Lifecycle Alliance, Krones enters
Slide 56: Key elements of a Lifecycle Alliance
Key elements of a Lifecycle Alliance TCO reduction Maintenance and performance 24/7 proactive and production consulting support mgmt. (AI) Main customer benefits − Control on output and reduced TCO costs Collaborative Line Condition − Higher degree of automation problem solving observation monitorin
Slide 57: Ingeniq – PET solution
Ingeniq – PET solution 57 Krones Capital Market Day 2025
Slide 58: Ingeniq is live
Ingeniq is live 58 Krones Capital Market Day 2025
Slide 59: Proof of concept realized in UK
Proof of concept realized in UK >100M >12M produced produced bottles since bottles in one commissioning week Bill Hall mid May Executive Vice President of Manufacturing & Engineering at Niagara Bottling Markus Tischer -10% energy Member of the Board International Operations and Services OEE >97% at
Slide 60: Ingeniq is more than a new line type – it's the transformation of our business model
Ingeniq is more than a new line type – it’s the transformation of our business model Sustainability − Maximize enviro features for single machines Transformation − AI-based process and line control and balancing − Integrated line enables extreme lightweighting of containers − Waste reduction through
Slide 61: Ingeniq is more than a new line type – it's the transformation of our business model
Ingeniq is more than a new line type – it’s the transformation of our business model Organizational & − Think and act like a customer Process Transformation − Shift in sales strategy to Total Cost of Ownership (TCO) − Create digital customer journey through Krones.world − Different lifecycle of soft
Slide 62: Krones is ready for the Solutions beyond tomorrow!
Krones is ready for the Solutions beyond tomorrow! > 20,000 > 100 27 > 500 > 600 7 digital > 6,300 > 200 Mio € employees locations production lines digital service service spare part sites connected experts centers employees stock 62 Krones Capital Market Day 2025
Slide 63: Lunch break
Lunch break
Slide 64: Lunch break
Lunch break ~1hr ~13:15 CET Lunch break Continuation of our presentation 64 Krones Capital Market Day 2025
Slide 65: Deep dive: Process Technology and Intralogistics
04 Deep dive: Process Technology and Intralogistics Christoph Klenk
Slide 66: Process Technology and Intralogistics offer significant growth potential
Process Technology and Intralogistics offer significant growth potential Filling and Packaging Technology Process Technology Intralogistics Krones Krones Krones Others Others Others Krones is the market leader in Krones generates ~500 Mio € Krones generates ~400 Mio € filling and packaging industry,
Slide 67: Measures at a glance: segment Process Technology
Measures at a glance: segment Process Technology Revenue, Mio € and EBITDA, % of revenue 9.7% 0.25-0.5 pp 0.25-0.5 pp 0.75-1.0 pp 0.5-1.0 pp 9-11% +8% p.a. ~40 ~110 ~700 508 0 ~40 2024 Structure Global footprint Portfolio Growth Target 2028 and processes − Adjustments in structure − Enhanced collabo
Slide 68: Successful Process Technology turnaround strategy continues
Successful Process Technology turnaround strategy continues Decanters Heat PD Pumps Exchangers Homogenizers Centrifugal Margin Pumps Valves increase High-viscous food Multiple hubs Dairy products Growth focus India and USA Home & Personal Care Alternative Proteins Initial setup (Beverage focus) Exte
Slide 69: Low-cost manufacturing hub for India and Emerging Markets
Low-cost manufacturing hub for India and Emerging Markets Phase 1 Online 2026+ Phase 2 Online 2028+ ~9,200m² | Skids and tanks ~7,200m² | Components New Process Technology plant close to Hyderabad, India (progressing as planned) New Indian plant enables us to participate in a fast-growing domestic m
Slide 70: Process Technology and Intralogistics offer significant growth potential
Process Technology and Intralogistics offer significant growth potential Filling and Packaging Technology Process Technology Intralogistics Krones Krones Krones Others Others Others Krones is the market leader in Krones generates ~500 Mio € Krones generates ~400 Mio € filling and packaging industry,
Slide 71: Intralogistics: Measures at a glance
Intralogistics: Measures at a glance Revenue, Mio € and EBITDA, % of revenue 7.0% +0.25–0.5 pp +0–0.5 pp +0.5–1.0 pp +0.5–1.0 pp 7–9% +18% p.a. ~190 ~650 ~80 ~50 332 2024 Structure and Global footprint Portfolio Growth Target 2028 processes − Efficient project execution − Extended US software − Chan
Slide 72: Intralogistics growth and profitability strategy
Intralogistics growth and profitability strategy Software Automated Automated storage picking solutions Service and retrieval Margin business systems increase NA incl. strong market Robotics position of Vertique Automatic picking systems -Food and beverage China India Automated guided vehicles -Groc
Slide 73: Expansion of our Intralogistics facility in Arden, North Carolina
Expansion of our Intralogistics facility in Arden, North Carolina Increase operational resilience in the US and address market demand through plant expansion KPIs of plant expansion: − 7,000 m2 assembly area − ~120 additional office spaces 73 Krones Capital Market Day 2025
Slide 74: Proof of concept at our client CONSUM (Spanish grocery)
Proof of concept at our client CONSUM (Spanish grocery): Successful implementation of automatic picking system Automated picking system is a key element of our growth strategy in the grocery segment KPIs at client site: − 1,500 SKUs − 40,000 cases/day 74 Krones Capital Market Day 2025
Slide 75: Financial Overview
05 Financial Overview Uta Anders
Slide 76: Krones confirms its outlook 2025 – Further growth and improvement of profitability
Krones confirms its outlook 2025 – 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,
Slide 77: Krones Group: Q2 Key Financials
Krones Group: Q2 Key Financials +0.3% -2.3% Order Intake -2.3% to PY 2,786 2,793 2,730 Mio € +10.9% -1.5% Order Backlog -1.5% to PY 3,931 4,359 4,293 Mio € +10.1% +6.7% Revenue +6.7% to PY 2,321 2,556 2,727 Mio € 2023 Q2 2024 Q2 2025 Q2 Key financials in line with targets 2025 77 Krones Capital Mark
Slide 78: Krones Group: Q2 Key Financials
Krones Group: Q2 Key Financials EBITDA margin +0.6 PP to PY 9.5 10.0 10.6 % of revenue Working Capital -0.3 PP to PY 17.2 17.4 17.1 % of revenue 18.8 19.0 ROCE +0.2 PP to PY 17.8 % of revenue 2023 Q2 2024 Q2 2025 Q2 Key financials in line with targets 2025 78 Krones Capital Market Day 2025
Slide 79: Krones Group: Q2 Segments
Krones Group: Q2 Segments Revenue, Mio € Guidance EBITDA margin, % Guidance Filling and Packaging +7% Technology: 10.2 10.4 10.8 Profitable growth 1,927 2,149 2,301 continues 7-9% 10.5-11.0% Process Technology: -1% Significant margin 10.1 10.7 215 255 252 6.9 increase 0-5% 9.0-10.0% Intralogistics:
Slide 80: Krones keeps its performance promises
Krones keeps its performance promises EBITDA, % of revenue 4.0% 10.1% 11-13% CAGR, % 1.7 bn ~7.0 bn 2.0 bn 5.3 bn Revenue, 3.3 bn bn € 2020 2024 Target 2028 Achievements in Programs in each segment defined − Structure and processes − Filling and Packaging Technology − Global footprint − Process Tech
Slide 81: Mid term targets 2028
Mid term targets 2028 ~7.0 bn 5.3 bn Revenue, bn € +7% Revenue CAGR 2024 2028 target 11-13% 10.1% EBITDA margin, % +0.9-2.9 ppt EBITDA 2024 2028 target >20% 18.2% >1.8 ppt ROCE ROCE, % 2024 2028 target 81 Krones Capital Market Day 2025
Slide 82: Mid-term targets 2028: Revenue drivers
Mid-term targets 2028: Revenue drivers 3.5% CAGR Market growth (0.9bn) Benefit from overall market growth and harvest with leading products and services. +7% 2.5% CAGR Portfolio uplift (0.5bn) Revenue Benefit from innovations like Ingeniq and leverage from prior acquisitions (Netstal and Ampco). In
Slide 83: Mid-term targets 2028: EBITDA drivers
Mid-term targets 2028: EBITDA drivers Market growth +0.5-1 ppt Increase LCS across all segments, harvest product and service innovations, pricing as the basis for earnings stability. 11-13% Portfolio uplift +0.5-1 ppt Further earnings contribution from prior acquisitions (e.g., Netstal), segment pro
Slide 84: Mid-term targets 2028: ROCE drivers
Mid-term targets 2028: ROCE drivers EBIT Leverage the strong EBIT development, driven by our profitable growth strategy, as the most significant driver for increase in ROCE. >20% Working Capital Keep Working Capital in % of revenue stable, but anticipate an increase in working capital in absolute nu
Slide 85: Group investments 2021-2028e
Group investments 2021-2028e Investments, Mio € and Total Investment Ratio, % of revenue, 2021-2028e Total Investment 4% Ratio, % 2.9% 2.8% 3.4% 3.4% 4% 300 280 10 250 240 8 200 181 163 6 150 118 105 4 100 Investments Tangibles 50 2 Investments Intangibles 0 0 2021 2022 2023 2024 2025e 2028e Interna
Slide 86: Growth strategy to achieve 7% revenue increase p.a.
Growth strategy to achieve 7% revenue increase p.a. Automation and digitalization globally Leverage of supplier Franklin network worldwide Plant expansion Neutraubling New Lifecycle Taicang Oakwood Service Center Second plant New logistics center Arden Hyderabad Plant expansion Bangalore Plant expan
Slide 87: Krones Group: Free cashflow and cash conversion rate
Krones Group: Free cashflow and cash conversion rate Free cashflow (without M&A), Mio € Cash conversion rate (FCF/net income), in % 398 213 293 ~300 158 203 ~200 106 ~60 ~80 13 6 2021 2023 2025 2028 2021 2023 2025 2028 Free cashflow and cash conversion rate significantly Cash utilized for improving
Slide 88: Strengthening our portfolio through M&A
Strengthening our portfolio through M&A GHS Separationstechnik Can Systems Worldwide – CSW Strategic rationale Strategic rationale − Enhancement of competence in can filling lines (Filling − Strengthening of Krones Process Technology through and Packaging Technology) through CSW‘s experience decante
Slide 89: Dividend pay-outs and pay-out ratio
Dividend pay-outs and pay-out ratio Dividend per share, in € Payout ratio, % (Dividend of net income) 31.4% 29.6% 31.0% 29.7% 2.60 2.20 Target range 1.75 25-30% 1.40 2021 2022 2023 2024 2028 2021 2022 2023 2024 Continuous growth in dividend payments reflects the profitable growth path of Krones. 89
Slide 90: Share price development
Share price development Closing price XETRA, 15th September 2025 € 135.0 Share value increased by 13.3% compared to CMD 2024 (July 3th, 2024); Performance including dividend (€2.60/share): 15.4%; Performance MDAX: 20.0% 90 Krones Capital Market Day 2025
Slide 91: Krones – an attractive investment
Krones – an attractive investment Leading in a stable, growing Mid-term targets with clear Strong cash generation, market for food and beverage profitable growth strategy financial stability and reliable dividend pay-outs Resilient business model: Digitalization - outstanding Sustainability solution
Slide 92: Q&As
O06 Q&As
Slide 93: Capital Market Day 2025
Capital Market Day 2025 93 Krones Capital Market Day 2025
Slide 94: Booth tour
07 Booth tour
Slide 95: Booth tour
Booth tour Hall B6 Hall C6 Corporate Line of Innovation / Hospitality PET Solutions Hall the B6 Future Future area Hall pointC6 95 Krones Capital Market Day 2025
Slide 96: Thank you for your attention!
Thank you for your attention!
Slide 97: 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 March 20, 2026 Final figures for the period from
Slide 98: 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