R. Stahl Aktiengesellschaft · XETR:RSL2
R. Stahl Aktiengesellschaft — R. Stahl — Q1 2026 Earnings Presentation
32 slides from R. Stahl Aktiengesellschaft's earnings presentation, May 7, 2026
Slide 1: Q1 2026 Earnings Call
Q1 2026 EARNINGS CALL May 7, 2026 | Waldenburg 1
Slide 2: Agenda
AGENDA 1 Overview & Financials – Q1 2026 2 Strategy Update – Q1 Highlights 3 Outlook – FY 2026 © R. STAHL Q1 2026 Earnings Call – May 7, 2026 2
Slide 3: Business stabilized – markets remain challenging
BUSINESS STABILIZED – MARKETS REMAIN CHALLENGING Results of Q1 2026 Order intake at €77.2m as planned. Below Q1 2025 with all time high (€98.8m) but above Q4 2025 (€68.5m) Sales remained stable at €73.4m (PY: €73.3m); Asia/Pacific region very strong EBITDA pre1) increased from €3.7m to €6.7m due to
Slide 4: Higher profitability due to cost reductions
HIGHER PROFITABILITY DUE TO COST REDUCTIONS Key data of income statement €m Q1 2026 Q1 2025 Comments Sales 73.4 73.3 • Cost of materials ratio was reduced to Total operating performance 77.5 80.1 32.9% (PY: 34.2%) despite lower total Cost of materials -25.5 -27.4 operating performance (-3.3%) Person
Slide 5: Free cash flow affected by build up of working capital
FREE CASH FLOW AFFECTED BY BUILD UP OF WORKING CAPITAL Key data of cash flow statement €m Q1 2026 Q1 2025 Comments Net profit -0.3 -2.5 • Cash flow rose by €3.0m to €4.6m due Depreciation and amortization 4.6 4.7 to improved net profit Other income and expenses without cash flow impact 0.7 0.4 • Due
Slide 6: Sales remained stable – Asia/Pacific very strong
SALES REMAINED STABLE – ASIA/PACIFIC VERY STRONG Sales R. STAHL Q1 2026 vs. Q1 2025 by region Americas Regions, €m Q1 2026 Q1 2025 Change in % 9% Germany 16.1 18.6 -13.6 Asia/ Central Central region1) 32.3 35.9 -10.2 Pacific 25% 44% region1) Q1 2026: €73.4m Americas 6.9 8.1 -14.5 Asia/Pacific 18.1 1
Slide 7: Agenda
AGENDA 1 Overview & Financials – Q1 2026 2 Strategy Update – Q1 Highlights 3 Outlook – FY 2026 © R. STAHL Q1 2026 Earnings Call – May 7, 2026 7
Slide 8: Future Program NEXUS
FUTURE PROGRAM NEXUS Becoming the global leader for solutions in explosion protection & harsh environments Sales 2030: € 500 million Global leader for solutions in explosion protection & harsh environments NEXUS Sales 2025: € 300 million Expert for components & applications in explosion protection ©
Slide 9: Three-stage execution roadmap by NEXUS
THREE-STAGE EXECUTION ROADMAP BY NEXUS Structured transformation from foundation to scalable growth Foundation & Stabilization 2026-2027 • Financial stabilization • Leverage execution & efficiency • Enabling scalable capabilities • Stringent realization Sales EBITDA pre margin Net debt © R. STAHL Q1
Slide 10: Three-stage execution roadmap by NEXUS
THREE-STAGE EXECUTION ROADMAP BY NEXUS Structured transformation from foundation to scalable growth Foundation & Stabilization Transformation & Building 2026-2027 2027-2028 • Financial stabilization • Outperforming market positioning • Leverage execution & efficiency • Megatrends focused portfolio •
Slide 11: Three-stage execution roadmap by NEXUS
THREE-STAGE EXECUTION ROADMAP BY NEXUS Structured transformation from foundation to scalable growth Foundation & Stabilization Transformation & Building Growth & Scaling 2026-2027 2027-2028 2028-2030 • Financial stabilization • Outperforming market positioning • Expand footprint Asia & Americas • Le
Slide 12: Three-stage execution roadmap by NEXUS
THREE-STAGE EXECUTION ROADMAP BY NEXUS Structured transformation from foundation to scalable growth Foundation & Stabilization Transformation & Building Growth & Scaling 2026-2027 2027-2028 2028-2030 • Financial stabilization • Outperforming market positioning • Expand footprint Asia & Americas • Le
Slide 13: Key achievements: Foundation and stabilization (1)
KEY ACHIEVEMENTS: FOUNDATION AND STABILIZATION (1) Structured transformation from foundation to scalable growth Foundation & Stabilization Financial 2026-2027 1 stabilization • Management working capital • Quick savings initiatives • Reduction other personal costs • Termination membership “Arbeitgeb
Slide 14: Key achievements: Foundation and stabilization (1)
KEY ACHIEVEMENTS: FOUNDATION AND STABILIZATION (1) Structured transformation from foundation to scalable growth Foundation & Stabilization Financial Set-up NEXUS 2026-2027 1 stabilization 2 Program • Management working capital • Analysis of actual situation • Quick savings initiatives • Target marke
Slide 15: Key achievements: Foundation and stabilization (1)
KEY ACHIEVEMENTS: FOUNDATION AND STABILIZATION (1) Structured transformation from foundation to scalable growth Foundation & Stabilization Financial Set-up NEXUS Implementation 2026-2027 1 stabilization 2 Program 3 NEXUS • Management working capital • Analysis of actual situation • “Betriebsbündniss
Slide 16: Key achievements: Foundation and stabilization (2)
KEY ACHIEVEMENTS: FOUNDATION AND STABILIZATION (2) Structured transformation from foundation to scalable growth Foundation & Stabilization Target operating 2026-2027 4 model • Decentralized operating model in first practice • Governance board as center of transformation established • Global business
Slide 17: Key achievements: Foundation and stabilization (2)
KEY ACHIEVEMENTS: FOUNDATION AND STABILIZATION (2) Structured transformation from foundation to scalable growth Foundation & Stabilization Target operating Concept for 2026-2027 4 model 5 execution • Decentralized operating • Streamlined corporate model in first practice structure • Governance board
Slide 18: Key achievements: Foundation and stabilization (2)
KEY ACHIEVEMENTS: FOUNDATION AND STABILIZATION (2) Structured transformation from foundation to scalable growth Foundation & Stabilization Target operating Concept for Value stream 2026-2027 4 model 5 execution 6 optimization • Decentralized operating • Streamlined corporate • Value stream establish
Slide 19: Key achievements: Foundation and stabilization (3)
KEY ACHIEVEMENTS: FOUNDATION AND STABILIZATION (3) Structured transformation from foundation to scalable growth Foundation & Stabilization 2026-2027 7 Portfolio excellence • Concept service company developed • Partnership established to develop a Smart Data Kit • Involvement in defining the new auto
Slide 20: Key achievements: Foundation and stabilization (3)
KEY ACHIEVEMENTS: FOUNDATION AND STABILIZATION (3) Structured transformation from foundation to scalable growth Foundation & Stabilization Further 2026-2027 7 Portfolio excellence 8 internationalization • Concept service company • First international leader in developed top management • Partnership
Slide 21: Key achievements: Foundation and stabilization (3)
KEY ACHIEVEMENTS: FOUNDATION AND STABILIZATION (3) Structured transformation from foundation to scalable growth Foundation & Stabilization Further Digital operating 2026-2027 7 Portfolio excellence 8 internationalization 9 model • Concept service company • First international leader in • Pro-active
Slide 22: What happens in Q2 2026 – some highlights
WHAT HAPPENS IN Q2 2026 – SOME HIGHLIGHTS Structured transformation from foundation to scalable growth Foundation & Stabilization 2026-2027 Execution of negotiations with workers’ council • Election of workers’ council • Negotiations to resume • Target: agreement to improve financial stability & per
Slide 23: What happens in Q2 2026 – some highlights
WHAT HAPPENS IN Q2 2026 – SOME HIGHLIGHTS Structured transformation from foundation to scalable growth Foundation & Stabilization 2026-2027 Execution of negotiations Sales excellence 3.0 with workers’ council • Election of workers’ council • Efficiency program by using • Negotiations to resume AI &
Slide 24: What happens in Q2 2026 – some highlights
WHAT HAPPENS IN Q2 2026 – SOME HIGHLIGHTS Structured transformation from foundation to scalable growth Foundation & Stabilization 2026-2027 Execution of negotiations Sales excellence 3.0 Asia strategy update with workers’ council • Election of workers’ council • Efficiency program by using • Refinem
Slide 25: Upcoming NEXUS stages
UPCOMING NEXUS STAGES Regularly updates on future program Foundation & Stabilization Transformation & Building Growth & Scaling 2026-2027 2027-2028 2028-2030 Further details at the AGM on June 16 © R. STAHL Q1 2026 Earnings Call – May 7, 2026 25
Slide 26: Agenda
AGENDA 1 Overview & Financials – Q1 2026 3 Strategy Update – Q1 Highlights 4 Outlook – FY 2026 © R. STAHL Q1 2026 Earnings Call – May 7, 2026 26
Slide 27: Guidance FY 2026
GUIDANCE FY 2026 Sales forecast at €285m to €300m RISKS EBITDA pre1) between €22m – €27m Geopolitical conflicts General economic Free Cash flow to be balanced development Equity ratio slight decrease 1) EBITDA pre exceptionals: restructuring charges, unscheduled depreciation and amortization, charge
Slide 28: Thank you for your attention – let's start the Q&A session
THANK YOU FOR YOUR ATTENTION – LET’S START THE Q&A SESSION Next Financial Update: Earnings Call H1/2026 – August 6 © R. STAHL Q1 2026 Earnings Call – May 7, 2026 28
Slide 29: Share information
SHARE INFORMATION Share information Shareholders structure R. STAHL Share price Number of shares 6,440,000 Mai 2025 – Mai 2026 Founding families Xetra Freefloat ISIN DE000A HBB5 within a consortium 20% WKN A1PHBB 36% Norman 10% Deutsche Boerse RSL2 Rentrop 10% Bloomberg ticker RSL2 BWVA1) 10% 14% Re
Slide 30: Issuer, contact and financial calendar
ISSUER, CONTACT AND FINANCIAL CALENDAR Issuer and contact Financial calendar 2026 R. STAHL AG Am Bahnhof 30 June 16 33rd Annual General Meeting 74638 Waldenburg Germany August 06 Interim Report H1 2026 www.r-stahl.com Investor Relations November 05 Quarterly Statement Q3 2026 Judith Schäuble P +49 7
Slide 31: Disclaimer
DISCLAIMER This presentation was prepared by R. STAHL AG and is solely for information purposes. It may not be reproduced, distributed or published without the prior consent of R. STAHL AG. This presentation contains forward-looking statements. Such forward-looking statements are based on certain as
Slide 32: Thank you!
THANK YOU! Next Financial Update: Earnings Call H1/2026 – August 6 © R. STAHL Q1 2026 Earnings Call – May 7, 2026 32