KLINGELNBERG AG
Precision gearing champion with Swiss and German heritage

Presentation forAnalysts and Investors
Financial Report H1 2023/24
Zürich, November 2023

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Presentation for Analysts and Investors  Slide 2

November 2023

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 2023

Agenda1Introduction

2

Financial results

3Outlook

4

Q&A

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Presentation for Analysts and Investors  Slide 4

November 2023

1 Introduction
1Historic order backlog EUR 335,1 million

2

Net sales at EUR 105,4 million - Return to the usual
asymmetrical sales distribution with a significant increase insales in the second half of the financial year3

Positive EBIT in a first financial half-year of EUR 4,7 million

4Highest order intake in a first financial half-year dispitedifficult economical environment

5Guidance for 2023/24 confirmed: net sales to remain stable atrecord-level, EBIT-Margin slightly improved

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Presentation for Analysts and Investors  Slide 5

November 2023

2 Strong order intake despite high geopolitical uncertainties
KLINGELNBERG Group – Order intake, net sales and order backlog (in M€)
Net sales decreased by EUR 32,9 million comparedwith the prior-year period, a reduction of 23,8%. The
decrease resulted mainly from the absence of theflood-related shift in sales to the first six months of the2022/23 financial year.

Order intake substantially increased by
EUR 24,8 million from the same period last financial
year, a rise of 15,9%.

The KLINGELNBERG Group's order backlog
amounted to EUR 335,1 million, the highest level inthe company's history again.

Order intake
200,0150,0100,0156,150,0180,9114,90,0
H1 2021/22

H1 2022/23

H1 2023/24

Order backlog

Net sales
200,0400,0150,0300,0100,0200,0138,350,0285,9105,4100,0335,1217,555,10,00,0
H1 2021/22

H1 2022/23

H1 2023/24

H1 2021/22

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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H1 2022/23

H1 2023/24

Presentation for Analysts and Investors  Slide 6

November 2023

2 Return to usual asymmetrical distribution of sales
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 expense
Depreciation on tangible fixed assets
Amortization on intangible assets
Other operating expense
Share of result from joint ventures
Operating result
Financial result
Profit/Loss before income taxes
Income taxes
Net profit/loss

H1 2022/23

H1 2023/24

Deviations

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

105,4
9,6
21,6-55,6-53,6-2,3-0,1-20,70,54,7-2,72,0-1,0
1,1-32,9
7,927,50,3-4,1-0,50,1
2,00,10,3
1,9
2,2
0,4
2,6

100%
1%
-4%
-40%
-36%
-1%
0%
-16%
0%
3%
-3%
0%
-1%
-1%

Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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100%
9%
20%
-53%
-51%
-2%
0%
-20%
0%
4%
-3%
2%
-1%
1%

-24%

1%
-8%
-25%
26%
9%
21%
7%
41%
28%
179%

Presentation for Analysts and Investors  Slide 7November 2023

2 Increase in personnel expenseKLINGELNBERG Group – Income and cost development (in M€)
Material expense
56,0

Material expense fell disproportionately to total
operating performance due to the significant increase
in inventories and amounted to EUR 55,6 million at
the end of the first half of the 2023/24 financial year.

Personnel expense increased by EUR 4,1 million asa result of55,643,3
in relation tototal operating
performance
in %

62,0%

H1 2021/22

Personnel expense
1.181

42,3%

H1 2022/23

H1 2021/22

H1 2023/24



increased expenses due to the termination of the “collectiverestructuring agreement” of KLINGELNBERG GmbH, which
was agreed due to the flood, occurred in July 2021.

1.272
Number ofFTEs

53,649,4

67,4%a rise in the number of FTEs from 1.217 to 1.272 andEBIT
1.217

47,1


43,8%

37,3%

H1 2022/23

42,2%

in relation tototal operating
performancein %H1 2023/24

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 8November 2023

2 Other operating expense ratio decreased again
KLINGELNBERG Group – Income and cost development (in M€)
Other operating income

OOI was EUR 7,9 million higher than in thecomparable period of the previous financial year.
This was due to the reimbursement for retroactive
damage (flood related) of KLINGELNBERG AG of
EUR 4,1 million and the reconstruction aid from theFederal State of “Nordrhein-Westfalen”/Germany of
EUR 5,0 million for flood damage incurred by
KLINGELNBERG GmbH in July 2021.

The decrease in OOE was mainly due to reduced
freight costs and the absence of rent for the assembly
hall in Ettlingen.

9,69,51,7

H1 2021/22

H1 2022/23

H1 2023/24

Other operating expense
26,722,620,7in relation tototal operating
performance
in %

38,3%

H1 2021/22

17,1%

H1 2022/23

16,3%

H1 2023/24

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 9November 2023

2 Positive development despite global challenges
KLINGELNBERG Group – EBITDA & EBIT development (in M€)EBITDA-68,2%

6,5

4,7%

7,2

After KLINGELNBERG achieved positive EBIT in thefirst half of the last financial year, for the first time inmany years, EBIT in the first six months of the current
financial year were also at a solid level.

The operating result (EBIT) increased year-on-year
by EUR 0,3 million to EUR +4,7 million.

6,8%

EBITDA inrelation tonet sales
in %-37,6
H1 2021/22

H1 2022/23

H1 2023/24

4,44,7EBIT-72,5%

3,2%

4,5%

EBIT inrelation tonet sales
in %-40,0H1 2021/22

H1 2022/23

H1 2023/24

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 2023

2 Strengthening of capital structure after major challenges
KLINGELNBERG Group – Balance sheet ratios (in M€)
Equity capital
Cash flow from operating activities increased by
EUR 5,2 million compared to H1 2022/23 andamounted to EUR 12,7 million. Among other things,
net profit increased by EUR 2,6 million compared to
the first half of the 2022/23 financial year.

Both long-term and short-term financial liabilities
decreased by EUR 5,0 million in total. By contrast,
cash and cash equivalents increased by
EUR 3,6 million.

125,7

109,4

Equitycapital ratio

80,3

35,8%

H1 2021/22



39,3%

H1 2022/23

43,9%

H1 2023/24

Cash flow statement

Financing structure
12,7

7,5

6,6

7,2
4,6-2,8-2,2

20,2

12,3

15,9-29,0-38,5-34,8-16,1-14,7

H1 2022/23

H1 2023/24-0,7-9,9

H1 2022/23

H1 2023/24

CF from operating activities
CF from financing activities

CF from investing activities
Net change in cash

H1 2021/22

Long-term financial liabilities
Cash and cash equivalents

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

Presentation for Analysts and Investors  Slide 11

November 2023

3 Outlook
Distribution of sales along industries (2017/18 to 2023/24)[1]

100%
15%

90%
80%

52%

70%

Main Driver China–KLINGELNBERG
is well positioned

47%

60%
50%
40%
34,3%

30%

15%

20%
10%

23%

12,7%

0%

1%
FY 2016/17
Automotive (EV)Commercial Vehicles

Budget 2023/24
Other Industries (incl. Wind)

Note [1]: Machine Tools without service

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Automotive (CE)Presentation for Analysts and Investors  Slide 12

November 2023

3 Outlook
KLINGELNBERG Group Still strong demand due to well diversified product portfolio across all industries
and excellent access to global markets, especially Asia
 We have been able to deliver on our promise to successful develop technology
for e-mobility markets
 The guidance for the 2023/24 financial year is hereby confirmed
 net sales to remain stable at record-level,
 EBIT-Margin slightly improved

Strong Order intake with stable sales lead to extreme highOrder Backlog, which makes us look positive into the future
beyond this current business year

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Presentation for Analysts and Investors  Slide 13

November 2023

4 Thank you! – Q+A

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Presentation for Analysts and Investors  Slide 14November 2023

Appendix

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Presentation for Analysts and Investors  Slide 15

November 2023

Significant increase in equity as well as decrease in liabilities
KLINGELNBERG Group – Balance sheet (in M€)
2022-09-30
ACTUAL H1

2023-09-30
ACTUAL H1

Cash and cash equivalents

12,34%

15,96%

3,629%

Receivables from goods and services

48,217%

42,115%-6,1-13%Inventories

137,149%

144,050%

6,95%

Other current assets

12,85%

10,03%-2,8-22%

Non-current assets

68,325%74,426%

6,19%

Total assets

278,7100%

286,3100%

7,73%

Short-term financial liabilities

38,514%34,812%-3,6-9%Long-term financial liabilities

16,16%

14,75%-1,4-9%

Payables from goods and services

25,59%

18,77%-6,8-27%

Other liabilities

89,232%

92,532%

3,24%

Total equity

109,439%

125,744%

16,315%

Total liabilities and equity

278,7100%

286,3

100%

7,73%

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

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