AG AGM2025 presentation

Annual General Meeting

May 23, 2025

Shen, CEO | Luckas, CFO |

Dr. Jochem, COO | Mersmann, CTO

Consistent implementation of our strategy.

Green transformation of the cement industry requires innovative products, technologies and services.

Focus on research & development (€ 5.7 million) to further expand KHD's leading technological position.

Customers' reluctance to invest leads to persistently high pressure on margins.

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• Increasing the performance and competitiveness of all KHD companies remains a top priority.

• Continued high liquidity and very good equity ratio (42%).

• KHD again selectively increased its workforce in the 2024 financial year. 663 of a total of 944 employees work in India.

• Order intake in the 2024 financial year was not fully satisfactory.

  • Customers' high investments in green technology are often dependent on subsidies or other incentives.

  • Due to the adverse conditions, order intake in the Capex segment (except for the market region India) fell short of our expectations.

  • Good order intake in the Plant Services segment.

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• Expansion of our position as the clear market leader in India.

• The performance indicators from our (conservative) internal planning in terms of profitability and operating cash flow were clearly exceeded.

  • Good order execution led to a reduction in the estimated total costs of some orders.

  • In the 2024 financial year, KHD generated a fully satisfactory operating result (EBIT) of

    € 10.4 million.

  • Positive operating cash flow due to further improvement in net working capital.

• Low order backlog and persistently high margin pressure result in a cautious earnings forecast for the 2025 financial year.

• Nevertheless, there is potential for another positive operating result.

• Our primary objective remains to generate a sustainably positive return for our shareholders.

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CEO

CEO since October 2020

Since 2018 in executive positions in AVIC Beijing's Business Unit Cement

More than 30 years of experience in the cement industry

Bachelor degree in cement process from Wuhan University of Technology

CFO

Since 2006 with KHD

CFO since April 2015

Long-term experience as certified auditor and certified tax consultant with an international audit and consulting company

Study of Business Administration at the Saarland University

COO

Since June 2019 back at KHD as MB member

Knows KHD from 2003-08

More than 30 years of experience in plant engineering (cement and power plants)

Study of Engineering incl. doctorate (PhD) at RWTH Aachen

CTO

Since February 2020 as MB member back at KHD

Knows KHD from 1994-2008

Almost 30 years of experience in the cement industry with focus on technology

Study of Engineering at RWTH Aachen

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