KLINGELNBERG AG
Precision gearing champion with Swiss and German heritage

Presentation forAnalysts and Investors
Financial Report 2022/23
Zürich, June 2023

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Presentation for Analysts and Investors  Slide 2

June 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 in thesestatements. 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 forward-looking
statements. Klingelnberg Group assumes no responsibility to up-date forward-looking statements or to adapt them to future
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 financial
statements. 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

June 2023Agenda

1

Introduction and key facts

2

Financial results

3

Outlook

4Q&A

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Presentation for Analysts and Investors  Slide 4

June 2023

1 Key facts 2022/23

1Strong Come-Back after flood crisis

2

Net sales of EUR 309,0 million (+94,8%)

3

EBIT full year at EUR +23,8 million

4

Order intake rose to EUR 300,4 million

5Highest net sales and order intake in Company’s history

6Positive outlook for the 2023/24 financial year

7Board proposes Dividend of 0,4 CHF per share to AGM

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Presentation for Analysts and Investors  Slide 5

June 2023

2 KLINGELNBERG back on track for success
KLINGELNBERG Group – Sales and orders (in €m)

Net sales

Order intake

350,0350,0300,0300,0250,0250,0200,0200,0150,0309,0278,2
212,1100,050,0158,7158,6

2020/212021/22150,0100,0194,5215,5

2019/20

2020/21268,9300,4

2021/222022/23

50,00,00,0
2018/192019/202022/23

Order backlog
350,0

2018/19

Highest net sales in company's history at
EUR 309,0 million, EUR 150,4 million above theprevious financial year's figure andEUR 30,8 million above the previous record netsales recorded in the 2018/19 financial year.

Order intake exceeded the record figure of theprevious financial year significantly by
EUR 31,5 million to EUR 300,4 million.

300,0250,0200,0150,0268,0100,050,0265,2118,2100,7

2018/192019/20259,6157,70,0

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2020/212021/222022/23

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Presentation for Analysts and Investors  Slide 6

June 2023

2 Significant increase in machine sales due to high order backlog andabsence of flood related delays in delivery of customer machines
KLINGELNBERG Group – Sales (in €m)
Net sales split by…
(2022/23)

CAGR
39,5%machines and services

309,025%

78,5309,075%

158,7158,6
sales region

51,059,8230,552%
17%

107,798,9

2020/212021/22Net sales from machines

Net sales from services, tools and fixtures

309,0Note: Unless otherwise indicated, all figures are rounded up or down to the nearest hundred thousand Euros.
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31%

2022/23
EMEA

Americas

APAC

Presentation for Analysts and Investors  Slide 7

June 2023

2 Bevel Gear segment with significant increase in net sales
KLINGELNBERG Group – Bevel Gears development (in €m)
Net sales

Order intake

Nettoumsatz

CAGR
Auftragseingang
1,6%

CAGR
48,7%

111,3

50,4

2020/21

80,9

86,4

83,4

2020/212021/222022/2359,52021/222022/23

Order backlog

CAGR
Auftragsbestand-0,9%

86,459,6

2020/2158,52021/22

Among others successful management of the flood
disaster from the previous financial year contributed toa significant jump in net sales with an increase
compared to the previous financial year’s figure by
EUR 51,8 million (87,1%).

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 8June 2023

2 Cylindrical Gear segment continued with high order intake
KLINGELNBERG Group – Cylindrical Gears development (in €m)
Net sales

Order intake

Nettoumsatz

CAGRAuftragseingang
20,6%

CAGR
42,9%

104,6

93,1
45,6

41,3

2020/212021/222022/23

72,0

78,3

2020/212021/222022/23

Order backlog

CAGR
Auftragsbestand
30,0%

107,5



With an impressive increase in net sales fromEUR 51,7 million to EUR 93,1 million, the Cylindrical
Gear segment generated growth of 125,3% comparedto the same period of the previous financial year. The
Cylindrical Gear segment had thus also successfully
overcome the effects of the flood.

Cylindrical Gear segment had once again achieved arecord in the order books and had developed into astrong sales driver.

119,1

70,5

2020/212021/222022/23

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 9June 2023

2 A record order intake was achieved
KLINGELNBERG Group – Precision Measuring Centers development (in €m)
Net sales

Order intake

CAGR
Auftragseingang
30,9%

CAGR
29,5%

Nettoumsatz
84,750,544,92020/212021/2284,789,02021/222022/2351,92022/23

2020/21

Order backlog

CAGR
Auftragsbestand
75,9%

60,8

2021/22

Measuring Centers segment had also successfully
coped with the flooding in the past financial year andrecorded an increase in net sales of EUR 39,8 million(88,7%) in the 2022/23 financial year.

Supported by the high innovation potential andconsolidated, global market positions in the areas ofelectromobility and wind power, the company
recorded the highest order volume of measuring
centers within a single financial year.

65,021,0

2020/21

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

June 2023

2 Strong recovery in sales and orders
KLINGELNBERG Group – Drive Technology development (in €m)
Net sales

Order intake

Nettoumsatz

CAGR
Auftragseingang
51,5%

CAGR
29,8%

19,2
15,7

15,1
8,9

9,2

2020/212021/228,42022/23

2020/212021/222022/23

Order backlog

CAGR
Auftragsbestand66,9%

Due to the massive expansion of offshore activities fordiversified gas production in the wake of the Ukraine
conflict, demand for rudder thruster propellers
featuring bevel gears from the Drive Technology
segment significantly increased.

In the mining markets, increasing demand for bevelgears in the mill gearboxes sector had emerged in the2022/23 financial year after years of drastic
investment cutbacks.

16,6
12,5
5,9

2020/212021/222022/23

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 11June 2023

2 Operating result significantly increased – KLINGELNBERG managed

the flood event in a unique manner
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
Amortisation on intangible assets
Other operating expense
Share of result from joint ventures
Operating result
Financial result
Profit before income taxes
Income taxes
Net profit

FY 2020/21
ACTUALFY 2021/22
ACTUALFY 2022/23
ACTUAL

158,7
1,9-5,8-52,0-83,7-4,6-0,4-26,20,6-11,62,2-9,4
2,1-7,3158,640,341,0-110,5-95,9-4,1-0,4-45,2
0,6-15,7-4,0-19,7-2,0-21,7309,0
9,5-18,8-125,8-100,1-4,0-0,4-46,30,6
23,8-2,3
21,5-0,7
20,8

100%
1%
-4%
-33%
-53%
-3%
0%
-17%
0%
-7%
1%
-6%
1%
-5%

100%
25%
26%
-70%
-60%
-3%
0%
-29%
0%
-10%
-3%
-12%
-1%
-14%

100%
3%
-6%
-41%
-32%
-1%
0%
-15%
0%
8%
-1%
7%
0%
7%

Deviations
2022/23 vs. 2021/22
150,4-30,7-59,8-15,3-4,30,20,1-1,00,0
39,5
1,741,1
1,3
42,595%
-76%
-146%
-14%
-4%
5%
12%
-2%
3%
42%
65%
196%



After the post-pandemic upturn in the previous financial year was severely slowed down by the flood disaster on
14 July 2021, the operating result (EBIT) increased significantly by EUR 39,5 million compared to the previous
financial year and amounted to EUR +23,8 million at the end of the 2022/23 financial year.

Both the highest order intake in the company's history and the still very high order backlog provide a positive outlook
for the future.

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 12

June 2023

2 Other operating expense ratio significantly decreased
KLINGELNBERG Group – Income and cost development (in €m)Other operating income
CAGR
127,2%

The decrease, in each case relating toKLINGELNBERG GmbH, was mainly due to thelower flood-related insurance payments(EUR 15,5 million) and the reduction inreconstruction aid from the Federal State of“Nordrhein-Westfalen”/Germany fromEUR 20,0 million in the previous financial year
to EUR 5,6 million.

At the end of the financial year, other operating
expense amounted to EUR 46,3 million, up
EUR 1,1 million on the previous financial year.
Although the flood damages decreased by
EUR 9,7 million, performance-related costs(amongst others freight costs, travel expenses,commission expenses) increased significantly.

40,39,5
1,9
2020/212021/222022/23

Other operating expense

CAGR
EBIT
32,9%

46,3

45,2

in relation tototal
operatingperformance
in %

26,2

17,1%

2020/2122,7%2021/2215,9%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 13

June 2023

2 Personnel expense ratio decreased due to stronger increase in total

operating performance
KLINGELNBERG Group – Income and cost development (in €m)Material expense
CAGR
55,5%

55,4%

2021/22

Personnel expenseCAGR
EBIT
9,3%

54,8%

2020/21

100,148,0%

2021/22

Personnel expense amounted to
EUR 100,1 million at the end of the financial
year, up EUR 4,2 million on the previous
financial year. Wages and salaries including
social security contributions increased mainly
due to the increase in the number ofemployees.

2022/23

95,983,7



in relation tototal
operatingperformance
in %
43,4%

52,0

2020/21

Driven by sales, material expense increased ata lower rate than total operating performancedue to the reduction in inventories and theabsence of material damage that occurred as aresult of the flooding in the previous financial
year and amounted to EUR 125,8 million,
EUR 15,3 million higher than in the previous
financial year.

125,8110,534,0%

in relation tototal
operatingperformance
in %
34,5%

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 14

June 2023

2 Cash flow
KLINGELNBERG Group – Net change in cash amounted to EUR +1,0 million (in €m)
Capital expenditures on tangible fixed assets

Outflows for investment intangible fixed assets amounted
to EUR 18,0 million in the2022/23 financial year. The
largest single investment was
the new assembly hall in
Hückeswagen, Germany.

The cash flow from operating
activities increased toEUR 15,7 million.

CAGR
124,2%

18,0
11,4
3,6

2020/212021/222022/23

Cash Flow2022/2340,815,72,6

1,0Cash flow from operating activities
Cash flow from investing activities

0,0-1,1

0,3-14,9-17,6

2021/22-54,5Cash flow from financing activities
Currency translation effects
Net change in cash

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 15

June 2023

2 Equity ratio increased mainly due to the clearly positive annual result
KLINGELNBERG Group – Balance sheet ratios (in €m)
Trade Working Capital

40,6



The KLINGELNBERG Group has thus further
strengthened its solid financial position in the2022/23 financial year.

71,1in % of netsales

43,0133,080,5

Equity increased by EUR 21,9 million (+20,9%)
compared to 31 March 2022 and amounted toEUR 126,6 million as of 31 March 2023. This
increase was mainly due to the positive annual
result of the KLINGELNBERG Group. Comparedwith 31 March 2022 the equity ratio increased by
6,2 percentage points to 44,5%.

161,2139,7108,8



117,668,6%-14,7-33,82021/222020/21
Inventories

88,1%

Receivables from g/s

52,2%-27,62022/23
Payables from g/s

Financing structure

Equity capital
CAGR
2,5%

22,62020/218,7

7,7-5,3-1,7

126,6120,5-40,1-32,0-7,7-18,5

Equitycapital ratio

2021/22

Cash and cash equivalents

104,72022/23

55,6%

38,3%

Long-term financial liabilities

2020/212021/22

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

44,5%

Short-term financial liabilities

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2022/23

Presentation for Analysts and Investors  Slide 16

June 2023

3 Key facts 2022/23
The share of projects from the sectors of electromobility and wind power in the orderbacklog is significantly over 50% in 2 divisions
Share of order backlog of machines inE-Mobility and WindpowerKlingelnberg P-series machines
and the accompanying software
solutions have been adopted by
E-mobility market as the quality
assurance standard fortransmission gears.

Hofler product line for large
cylindrical gear grinding
machines clocked in large
repeat orders of machines fromall the leading Wind Energy
players in China.

70%

Cylindrical Gear Grinding

60%

40%
30%
20%
10%

Measuring Centers

50%0%Order backlog*Not audited figures
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Presentation for Analysts and Investors  Slide 17

June 2023

3 Outlook
We expect:Still strong demand for large grinding machines, driven by the wind energy
and mining market.

Strong demand for E-Mobility solutions driven by high quality requirements ofE-Mobility Applications: both measuring and generating grinding machines
benefit from this development.

Improved operating efficiency due to elimination of flood-related production
restrictions and as a result of the Efficiency Enhancement Program in 2020.
Additional we expect easing on the global supplychain side.

For the 2023/24 financial year, we expect net sales to remain stable atthe current record level.

We expect the EBIT margin to slightly improve, despite current inflation,compared to 2022/23 financial year.
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Presentation for Analysts and Investors  Slide 18

June 2023

4 Thank you! – Q+A

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Presentation for Analysts and Investors  Slide 19

June 2023

Appendix

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Presentation for Analysts and Investors  Slide 20

June 2023

2 Strong increase in Equity mainly due to clearly positive annual result
KLINGELNBERG Group – Balance sheet (in €m)
FY 2021/22
ACTUALFY 2022/23
ACTUAL

Deviations

Cash and cash equivalents

7,73%

8,73%

1,013%

Receivables from goods and services

40,615%

71,125%30,675%Inventories

133,049%

117,641%-15,4-12%

Other current assets

33,112%

11,04%-22,1-67%

Non-current assets

59,122%

76,027%

16,929%Total assets

273,6100%

284,4100%

10,84%

Short-term financial liabilities

40,115%32,011%-8,1-20%

Long-term financial liabilities

7,73%

18,57%

10,8139%

Payables from goods and services

33,812%

27,610%-6,3-19%

Other liabilities

87,232%

79,828%-7,4-8%

Total equity

104,738%

126,645%

21,921%

Total liabilities and equity

273,6100%

284,4100%

10,84%

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