KLINGELNBERG AG
Precision gearing champion with Swiss and German heritage

Presentation forAnalysts and Investors
Financial Report H1 2022/23
Zürich, November 2022

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Presentation for Analysts and Investors  Slide 2

November 2022

Disclaimer
This presentation may contain specific forward-looking statements, e.g., statements including terms like "believe", "assume","expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject toknown and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actualresults, financial situation, development or performance of KLINGELNBERG Group and those explicitly or implicitly presumed inthese statements. Such factors include, but are not limited to, future global economic conditions, changed market conditions,competition from other companies, effects and risks of new technologies, costs of compliance with applicable laws, regulations
and standards, diverse political, legal, economic and other conditions affecting markets in which the KLINGELNBERG Group
operates, and other factors beyond its control. Against the background of these uncertainties, readers should not rely on forwardlooking statements. KLINGELNBERG Group assumes no responsibility to up-date forward-looking statements or to adapt them tofuture events or developments.
This presentation may contain certain measures that are not measures defined by Swiss GAAP FER. These non-Swiss GAAP
FER financial measures have limitations as analytical tools and should not be viewed as indicators of, or alternatives to, theGroup’s results or any performance or liquidity measures under Swiss GAAP FER, as set forth in its consolidated financialstatements. The non-Swiss GAAP FER financial measures should therefore be considered as supplementary information to, andread only in conjunction with, the consolidated financial statements of the Group. Since not all companies compute these or othernon-Swiss GAAP FER financial measures in the same way, the manner in which the KLINGELNBERG Group’s management haschosen to compute the non-Swiss GAAP FER financial measures presented herein may not be comparable with similarly definedterms used by other companies. As a result, you are cautioned not to place undue reliance on any non-Swiss GAAP FER
financial measures and ratios included herein.

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Presentation for Analysts and Investors  Slide 3

November 2022

Agenda1Introduction

2

Financial results

3

New Assembly Hall - Start of Production

4

Outlook

5

Q&A

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Presentation for Analysts and Investors  Slide 4

November 2022

1 Introduction
1Historic order backlog EUR 285,9 million

2

Net sales increased significantly to EUR 138,3 million

3

Positive EBIT in a first half-year of EUR 4,4 million

4Highest order intake in a first financial half-year

5Outlook for 2022/23 financial year confirmed

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Presentation for Analysts and Investors  Slide 5

November 2022

2 Strong order intake and net sales despite manifold global challenges
KLINGELNBERG Group – Net sales, order intake and order backlog (in M€)
Net sales increased by EUR 83,2 million comparedwith the prior-year period, a growth of 151,0%. The
increase was due to both the flood-related interruptionof operations in the previous year and the significantly
high order backlog in the current financial year.

Order intake substantially increased by
EUR 41,2 million from the same period last financial
year, a rise of 35,9%.

The KLINGELNBERG Group's order backlog
amounted to EUR 285,9 million, the highest level inthe company's history.

Net sales
160,0120,080,040,0138,361,755,1H1 2020/21

H1 2021/22

0,0
H1 2022/23

Order backlog

Order intake
300,0160,0240,0120,0180,080,0156,1114,940,0285,9120,083,860,0217,5122,90,00,0
H1 2020/21

H1 2021/22

H1 2022/23

H1 2020/21

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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H1 2021/22

H1 2022/23

Presentation for Analysts and Investors  Slide 6

November 2022

2 Strong improvement of the result due to the high order backlog andlast financial year’s production restrictions caused by the floods
KLINGELNBERG Group – Income statement (in M€)

Net sales from goods and services
Other operating income
Change in inventory of finished and unfinished goods
Material expense
Personnel expenseDepreciation on tangible fixed assets
Amortization on intangible assets
Other operating expense
Share of result from joint ventures
Operating result
Financial result
Loss before income taxes
Income taxes
Net loss

H1 2021/22

H1 2022/23

Deviations

55,1
9,5
14,7-43,3-47,1-2,2-0,2-26,7
0,2-40,0-1,3-41,3-1,6-42,9

138,3
1,7-5,9-56,0-49,4-1,9-0,2-22,6
0,4
4,4-4,6-0,2-1,3-1,5

83,2-7,8-20,6-12,6-2,4
0,30,0
4,1
0,2
44,4
-3,2
41,10,341,4

100%
17%
27%
-79%
-85%-4%0%-49%
0%-72%
-2%
-75%
-3%
-78%

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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100%
1%
-4%
-40%
-36%
-1%
0%
-16%
0%
3%
-3%
0%
-1%
-1%

151%
-82%
-140%
-29%
-5%
14%
10%
15%
130%
111%
100%
16%
97%

Presentation for Analysts and Investors  Slide 7

November 2022

2 Increase in performance-related costs
KLINGELNBERG Group – Income and cost development (in M€)Material expense

Material expense increased at a lower rate than total
operating performance due to the absence of material
damage occurred as a result of the floods in theprevious financial half-year (EUR 10,4 million).

Personnel expense increased by EUR 2,4 million asa result of56,0
43,3
in relation tototal operating
performance
in %

21,2

34,1%

H1 2020/21

Personnel expense
1.176

62,0%

H1 2021/22



increased costs for external personnel of EUR 1,0 million(KLINGELNBERG GmbH) and

an increase in the number of FTEs from 1.181 to 1.217.

42,3%

H1 2022/23

EBIT
1.181

1.217
Number ofFTEs

49,447,1
37,660,5%H1 2020/21

67,4%

H1 2021/22

37,3%

in relation tototal operating
performancein %H1 2022/23

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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Presentation for Analysts and Investors  Slide 8

November 2022

2 Other operating expense ratio significantly decreased
KLINGELNBERG Group – Income and cost development (in M€)
Other operating incomeOOI was EUR 7,8 million lower than in thecomparable period of the previous financial year.
This was due to the absence of insurancecompensation payments for flood damage of
EUR 8,6 million from the prior financial year period.

The decrease in OOE was mainly due to repairs,
clean-up work and losses on the disposal of property,
plant and equipment, all of which were flood-related
in the prior financial year period.

9,5

1,7

1,2

H1 2020/21

H1 2021/22

H1 2022/23

Other operating expense
26,722,613,0

in relation tototal operating
performancein %21,0%

H1 2020/21

38,3%

H1 2021/22

17,1%

H1 2022/23

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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Presentation for Analysts and Investors  Slide 9

November 2022

2 Positive turnaround despite global challenges
KLINGELNBERG Group – EBITDA & EBIT development (in M€)
EBITDA

6,5-13,1%-68,2%

Due to the strong demand for products of theKLINGELNBERG brand, despite manifold globalchallenges, as well as the delayed delivery of orderedmachines from the previous financial year that were
not completed due to the flooding, net sales
increased to EUR 138,3 million in the first half of thefinancial year.

The operating result (EBIT) therefore increased
significantly year-on-year by EUR 44,4 million to
EUR +4,4 million.

4,7%-8,1
EBITDA in
relation to
net sales
in %-37,6
H1 2020/21

H1 2021/22

H1 2022/23

EBIT

4,4-17,3%-72,5%

3,2%-10,6

EBIT inrelation to
net sales
in %-40,0H1 2020/21

H1 2021/22

H1 2022/23

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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Presentation for Analysts and Investors  Slide 10

November 2022

2 Equity ratio increased noticeably
KLINGELNBERG Group – Balance sheet ratios (in M€)
Equity capital

117,9



Cash flow from operating activities increased by
EUR 32,4 million compared to H1 2021/22 andamounted to EUR 7,5 million. This was mainly due tothe reduction in net loss. The flood disaster burdened
the result in the prior financial year period.

Long-term financial liabilities increased byEUR 15,4 million due to the financing of the newassembly hall in Hückeswagen.

109,4Equity
capital ratio

80,351,1%H1 2020/21

35,8%

H1 2021/22

39,3%

H1 2022/23

Cash flow statement

Financing structure

22,6
7,5-0,3

6,6

4,6-2,441,2-34,8

20,2

12,3-29,0-38,5-9,9-2,7-24,9

H1 2021/22

H1 2022/23

CF from operating activities
CF from financing activities

CF from investing activities
Net change in cash

H1 2020/21

EXPERT PRECISION-16,1

H1 2021/22

Long-term financial liabilitiesCash and cash equivalents

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
KLINGELNBERG Tradition-0,7

H1 2022/23

Short-term financial liabilities

Presentation for Analysts and Investors  Slide 11

November 2022

3 New Assembly Hall – Start of Production
September 2022
After just ten months of construction,
the new assembly hall and connected
Logistics center was officiallyinaugurated on the company
premises of KLINGELNBERG GmbHin Winterhagen-Hückeswagen on
12 September 2022.

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Presentation for Analysts and Investors  Slide 12

November 2022

4 Outlook
KLINGELNBERG Group Still strong demand due to successful strategic focus on energy and e-mobility as
well as the necessary supplier industries Successful transition from combustion technology to e-mobility
 The forecast for the 2022/23 financial year made in the 2021/22 annual report isconfirmed solid sales growth
 EBIT margin of over 6 percent despite continuing impact from the floods in thefirst financial half of the year

With the right products at the right time, we “sold”
ourselves out of the crisis

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Presentation for Analysts and Investors  Slide 13

November 2022

5 Thank you! – Q+A
KLINGELNBERG Solutions for Renewable Energies

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Presentation for Analysts and Investors  Slide 14

November 2022

Appendix

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Presentation for Analysts and Investors  Slide 15

November 2022

Increase in long-term financial liabilities due to the financing of the
new assembly hall at the Hückeswagen site
KLINGELNBERG Group – Balance sheet (in M€)
2021-09-30ACTUAL H1

2022-09-30
ACTUAL H1Deviations

Cash and cash equivalents

20,29%

12,34%-7,9-39%

Receivables from goods and services

24,611%

48,217%

23,696%Inventories

108,748%

137,149%

28,426%

Other current assets

11,35%

12,85%

1,514%

Non-current assets

59,727%68,325%8,614%

Total assets

224,4100%

278,7100%

54,224%

Short-term financial liabilities

29,013%38,514%9,533%

Long-term financial liabilities

0,70%

16,16%

15,4

Payables from goods and services31,614%

25,59%-6,1-19%

Other liabilities

82,937%

89,232%

6,38%

Total equity

80,336%

109,439%

29,236%

Total liabilities and equity

224,4100%

278,7100%

54,224%

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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