Presentation balance sheet press conference (March 2026)

Balance sheet press conference for the 2025 financial year and outlook for 2026

Dr Lars Brzoska

(Chairman of the Board of Management)

Heike Wulff

(Member of the Board of Management, Finance) Hamburg, 27 March 2026

1. 2025 Highlights

2. Key figures for 2025

3. Outlook for 2026

   Dr Lars Brzoska

   Heike Wulff

   Dr Lars Brzoska

4. Additional information

Board of Management team

Dr Lars Brzoska

Chairman of the Board of Management, Corporate

Nadine Despineux

Member of the Board of Management, Sales

Dr Tobias Harzer

Member of the Board of Management, Automation & Warehouse Equipment

Maik Manthey

Member of the Board of Management, Technics

Heike Wulff

Member of the Board of Management, Finance

3

Incoming orders (€5.4 billion) and revenue (€5.5 billion) robust

Strategy 2030+ successfully launched in first year

EBIT, adjusted for one-off effects, of €448 million (EBIT ROS 8.1%)

Transformation programme largely implemented

Free cash flow is strong

at €314 million

Market entry into Mid-Tech segment started positively

Dividend proposal: payment ratio stable at 28 per cent

Implementation of

new segment structure

completed

4

Business development robust in 2025, earnings impacted by one-off effects

2025 forecast achieved

1 Ad-hoc release

Actual 2025 Forecast 5 December 20251

Forecast adjusted during 2025

• Sale of Russian subsidiary

• Transformation programme

• Research and development

  As a result:

  €-220 million

  earnings-related one-off effects

  EBIT excluding one-off effects €448 million with EBIT ROS of 8.1% in line with forecast from March 2025 (€430 - 500 million or 7.8 - 8.6%)

  5

  
  
  
  
  Important successes in our strategic fields of action

  Global

  expansion

  Automation

  Portfolio

  extension

  Transformation

  
  
  Successful integration of US acquisition Invar into Storage Solutions Group
  
  Opening of Global OEM Center in Shanghai (China) to pool central functions in Mid-Tech business
  
  Opening of Business Excellence Center in Malaysia
  
  Significant customer projects for warehouse automation won
  
  Expansion of customer base for mobile robots through new solutions
  
  Implementation of a global organisation for marketing and sales and development
  
  Market entry into Mid-Tech segment
  
  

  through strategic partnership with EP Equipment ("AntOn by Jungheinrich")

  Development of numerous innovations in High-Tech segment
  
  Launch of corporate venturing unit Uplift Ventures and successful spin-off of turnus.ai
  
  Transformation programme launched, personnel and location-based measures largely implemented
  
  Continuation of our digital transformation with the DEEP programme (Digital End-to-End Processes)
  
  CDP sustainability rating: level A achieved for the first time
  
  

  6

  The ongoing transformation programme strengthens global competitiveness and ensures sustainable profitability
  
  

  Transformation programme

• Response to more intense global competition and increasing cost pressure to make the company fit for the future

• Sustainable cost savings of around €100 million annually by optimising production network and making organisation more efficient, largely effective

  in 2027, full effect in 2028

• Around 500 of the 1,000 positions worldwide (reductions and relocations) affect

  Germany

• Implementation faster than planned: most of the negotiations that are subject to co-determination with Works Council committees are complete:

  • Production closure in Luneburg (31/03/2027) and relocation to

    other Jungheinrich plants has been negotiated and is being implemented

  • Capacity adjustment in Norderstedt implemented

• One-off expenses: €93 million1 in 2025, €17 million expected for 2026

  €100 million

  cost savings p.a.

  1,000 positions

  reduction and relocation

  Optimised

  production network

  1 Cash impact largely in 2026 7

  
  
  

  8

  
  
  Strategic partnership positions Jungheinrich in attractive growth segment

  New portfolio as entry into Mid-Tech market

  • May 2025: Jungheinrich and EP Equipment agree on strategic partnership

  • Pooling of both companies' strengths to increase efficiency, productivity and sustainability in global material handling

    Global industrial trucks market1

    ~20%

~ 2.2 million

Chinese

~60%

2019

2024

domestic market

Exports by Chinese manufacturers

~40%

Rest of market

development and management of global portfolio in Mid-Tech market

"China Wave" - rapidly growing Mid-Tech market which is primarily served by Chinese suppliers

1 Based on WITS & Chinese export statistics, incoming orders in units

9

Key figures for 2025

Heike Wulff

2

Increase in incoming orders despite challenging market environment

Incoming orders

5,387

5,311

+1%

in € million

Incoming orders

132

126

+5%

in thousand units

Positive development, particularly

in customer services and in new business

Participation in market growth of warehousing equipment

Product mix contributed to growth in units

2024 2025 2024 2025

11

Revenue up slightly against previous year

Short-term rental

and used equipment

781

775

-0.8

Customer services

1,535

1,576

2.7

Intralogistics

segment

5,464

5,566

1.9

Financial Services

segment

1,417

1,473

4.0

Consolidation

-1.489

-1.536

3.2

Jungheinrich

Group

5,392

5,502

2.0

+2%

5,392

5,502

Revenue

in € million

2024 2025

Higher revenue in new business - driven by automation projects - and in customer services

Table contains rounding differences.

12

Revenue benefits from positive development in USA

Revenue by

region

61% (61%)

EMEA excluding Germany

20% (22%)

Germany

7% (7%) APAC

Figures for previous year shown in brackets.

12% (10%)

in € million

2024

2025

Change %

Americas

Top 5 revenue countries

1.

2.

3.

Germany

Italy France

1. USA

2. United Kingdom

13

EBIT shaped by one-off effects of €220 million in second half of 2025

93

18

448

424

109

228

EBIT ROS

4.2%

EBIT ROS

7.9%

-24

EBIT ROS

8.1%

EBIT 2025 Sale of Russian subsidiary1

Contract signing July 2025,

closing February 2026

Transformation

programme

Expenses for the transformation programme, which was approved in July 2025, involving personnel and location-based measures

Research &

development

Loss on disposal of capitalised development expenditure for a discontinued technology

EBIT 2025

Operating EBIT contribution of the Russian subsidiary

excluding one-off effects1

Operating EBIT

EBIT 2025

excluding Russia business2

1 Adjusted for earnings-related one-off effects; includes €24 million operating EBIT contribution of the Russian subsidiary.

2 Adjusted for earnings-related one-off effects as well as operating EBIT contribution of Russia business that was discontinued from 2026.

14

Earnings parameters impacted by one-off effects

+3%

4482

4341

One-off effects (220)

4.2%

228

EBIT ROS

8.1%

8.1%

EBIT

in € million

EBT

+3%

4162

4041

3.6%

196

EBT ROS

7.5%

One-off effects (220)

7.6 %

in € million

2024 2025 2024 2025

Negative effects of €220 million resulting from sale of the Russian subsidiary (€-109 million),

transformation programme (€-93 million) and loss on disposal of capitalised development expenditure (€-18 million)

1 Excluding Russia business (around €135 million in revenue and €29 million in EBIT), this results in an EBIT ROS of 7.7% and an EBT ROS of 7.1%.

2 Excluding Russia business (around €150 million in revenue and €24 million in EBIT), this results in an EBIT ROS of 7.9% and an EBT ROS of 7.3%.

15

Discontinuation of business activities in Russia leads to significant one-off negative effects

Sale of Russian subsidiary

• Contract signed for the sale of Jungheinrich Lift Truck OOO to a Russian financial investor in July 2025

• Sale was significantly below carrying amount: sale price is around 20% of the fair value as per Russian valuation assessment

• Negative one-off effects:

  • 2025: €109 million1 (€85 million in Q3 2025, €24 million in Q4 2025)

  • 2026: €20 million2 (taken into account in 2026 forecast)

• Approval by the Russian government commission in December 2025 subject to

  conditions that reduced the purchase price, completion in February 2026

• In 2025, Russian subsidiary contributed approximately €150 million each to incoming orders and revenue, as well as €24 million to operating EBIT

1 Impairment losses connected to categorisation as disposal group.

2 Deconsolidation effect (Q1 2026).

€129 million

overall cost

~600 FTE

leavings3

February 2026

completion

3 Not part of the transformation programme.

16

Dividend: payment ratio of 28% maintained

Profit or loss

in € million

Earnings

per preferred share

-64%

in €

Payment ratio

in %

Dividend

per preferred share

in €

289

-64%

+-0%p

2.84

104

1.03

0.80

-64%

28 28

0.291

2024 2025

2024 2025

2024 2025

2024 2025

Tax rate of 47% as a result of non-deductible losses from sale of Russian subsidiary leads to significantly lower profit or loss - even so, stable payment ratio of 28%

1 Proposal.

17

Focus on capacity expansion abroad, slight reduction in Germany

Group employees

in FTE1

+516

+3%

-91

-1%

20,922 21,438

+607

+5%

31/12/2024

Abroad Germany

31/12/2025

Key drivers: expansion of Business Excellence Centers (209 employees), production expansion at plant in Czechia (121 employees) and US acquisition of Invar (48 employees)

1 Full-time equivalents (FTE), including trainees and apprentices, excluding temporary workers.

18

Capital expenditure at previous year's level, increase in R&D expenditure

Capital expenditure1

87

88

-1%

in € million

Research and development expenditure

+20%

205

in € million

1.6%

Capital

expenditure ratio

1.6%

171

Disposal of capitalised

development expenditure

Research and development

29%

Capitalisation

ratio

28%

187

2024 2025 2024 2025

Capital expenditure in reporting year includes partial amount of around €11 million for construction of Jungheinrich Experience Center

Around half the increase caused by loss on

disposal of capitalised development expenditure (€18 million one-off effect) for a discontinued technology

1 Property, plant and equipment and intangible assets excluding capitalised development expenditure and right-of-use assets.

19

Strong free cash flow

Cash flow from operating activities

in € million

Cash flow from investing activities

in € million

Free cash flow

in € million

431

€-117

million

€-88

million

578

490

2025

2024

€-30

million

314

2024 2025 2024 2025

Cash flow from operating activities reflects negative impact from working capital

It was not possible to repeat the very strong reduction in receivables recorded in the previous year

Cash flow from investing activities includes in particular the purchase price payment for Invar

Strong free cash flow despite negative effects from operating and investing activities

20