Kion Group Ag · XETR:KGX
Kion — Q3 2026 Earnings Presentation
27 slides from Kion's earnings presentation, Oct 29, 2026
Slide 1: KION GROUP AG Q3 2026 Update Call
KION GROUP AG Q3 2026 Update Call 29 October 2026 Rob Smith (CEO), Christian Harm (CFO) Frankfurt
Slide 2: Agenda
Agenda 01 Business Update Q3 2026 02 Financial Update 03 Outlook 2026 & Key Takeaways KION GROUP AG | Q3 2026 Update Call | 2026-10-29 2
Slide 3: Q3 2026 Revenue and adj. EBIT growth driven by IAS
Q3 2026 Revenue and adj. EBIT growth driven by IAS Order intake Revenue Adj. EBIT 1 Adj. EBIT margin1 Free cash flow2 EUR EUR EUR EUR 2.7 2.8 203 7.2 99 bn. bn. m. % m. -1% YoY +5% YoY +7% YoY +10bp YoY -€132m YoY → Order intake in ITS below expectations in EMEA especially in value and economy truck
Slide 4: Business Update Q3 2026
Business Update Q3 2026 Physical AI delivers measurable customer value in real supply chain operations AI, digital twins, autonomous vehicles, and technology partnerships help customers deploy automation faster, improve safety, and boost performance • Real-world deployment: At GXO in Épinoy, France,
Slide 5: Agenda
Agenda 01 Business Update Q3 2026 02 Financial Update 03 Outlook 2026 & Key Takeaways KION GROUP AG | Q3 2026 Update Call | 2026-10-29 5
Slide 6: ITS – Key Financials
ITS – Key Financials Adj. EBIT impacted by insufficient capacity utilization 1 Change Change (in €m) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 QoQ YoY Order intake (in ’000 units) 60.3 70.6 72.6 69.1 68.4 +13% -1% Order intake 1,942 2,177 2,041 1,941 1,915 -1% -1% Order book 2,039 2,2322 2,249 2,137 2
Slide 7: IAS – Key Financials
IAS – Key Financials Strong increase in revenue and adj. EBIT 1 Change Change (in €m) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 QoQ YoY Order intake 740 658 951 873 751 +1% -14% of which E-commerce (%)2 24% 25% 50% 46% 61% - - Order book 2,936 2,688 2,917 2,953 2,830 -4% -4% Revenue 769 917 768 861 89
Slide 8: KION Group – Key Financials
KION Group – Key Financials Increase in revenue and adj. EBIT 1 Change Change (in €m) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 QoQ YoY Order intake 2,676 2,823 2,985 2,809 2,651 -1% -6% Order book 4,944 4,8922 5,139 5,070 4,884 -1% -4% Revenue 2,704 3,097 2,771 2,916 2,835 +5% -3% of which service (%
Slide 9: Adjusted EBITDA to Net Income
Adjusted EBITDA to Net Income Change Change (in €m) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 QoQ YoY Adj. EBITDA 456 495 472 497 490 +7% -2% D&A –266 –282 –267 –273 –287 -8% -5% Adj. EBIT 190 213 205 224 203 +7% -10% Non-recurring items 8 –16 –7 6 2 -71% -61% PPA items –21 –21 –21 –21 –21 +0% -1% Rep
Slide 10: Free Cash Flow
Free Cash Flow Free cash flow impacted by cash out for M&A 1 (in €m) -65 0 -22 251 Increase in NWC due 153 184 -96 3 to higher trade -56 99 receivables in IAS 1 2 48 -50 0 -1 2 Includes cashout for EBIT D&A on NWC Taxes and Net change CF from Operating Others Free cash Procurement Dividends Others E
Slide 11: Net Debt and Leverage stable sequentially
Net Debt and Leverage stable sequentially Indebtedness and leverage1 ratios as at 30 Sep 2026 ❶ 1 (in €m) Since June 30,2026, 1.2x 2,248 the calculation of industrial net 794 operating debt was Liab. from procurement leases adjusted and 0.6x - €48m 0.6x deducts the €495m 753 1,244 Liab. from STR fin
Slide 12: Agenda
Agenda 01 Business Update Q3 2026 02 Financial Update 03 Outlook 2026 & Key Takeaways KION GROUP AG | Q3 2026 Update Call | 2026-10-29 12
Slide 13: Updated FY 2026 Outlook
Updated FY 2026 Outlook Intelligent Automation → ITS: adj. EBIT guidance KION Group Industrial Trucks & Services includes savings from efficiency Solutions program (in €m) FY 2026 FY 2026 FY 2026 FY 2026 FY 2026 FY 2026 Outlook (Jul) Outlook (Oct) Outlook (Jul) Outlook (Oct) Outlook (Jul) Outlook (O
Slide 14: Key Takeaways
Key Takeaways KION grew revenue and adjusted EBIT in Q3 2026 IAS showed another strong quarter with double-digit growth in revenue as well as adjusted EBIT and developed in line with our profitable growth strategy Order intake in ITS remained below expectations in EMEA especially in value and econom
Slide 15: Questions & Answers
Questions & Answers KION GROUP AG | Q3 2026 Update Call | 2026-10-29 15
Slide 16: Teach-in call on new segmentation and IFRS 18 implications
Please mark your calendars for Nov 5: Teach-in call on new segmentation and IFRS 18 implications KION will separate most of its leasing activities from the ITS segment into a new Financial Services segment from 2027 onwards to improve transparency, steering and funding flexibility In connection with
Slide 17: Appendix
Appendix KION GROUP AG | Q3 2026 Update Call | 2026-10-29 17
Slide 18: Assumptions for Outlook 2026
Assumptions for Outlook 2026 Market expectations1 (measured in order intake) • Globally, the industrial truck market in units is expected to grow strongly year-on-year • However, in value terms, the global market growth is expected below unit growth reflecting ongoing product mix shifts • Warehouse
Slide 19: FY 2026 Expectation – Housekeeping Items
FY 2026 Expectation – Housekeeping Items Non-recurring items ¹ Operating Capex ² ... between € 0m and – € 15m ... between – € 370m and – € 400m (from previously – € 40m and – € 60m) R&D spending ³ PPA ... Around 3% of group revenue ... around – € 85m to – € 90m Dividend policy Net Financial expenses
Slide 20: Leverage Development and Maturity Profile
Leverage Development and Maturity Profile Leverage development 1 Maturity profile and free liquidity Self-help returned leverage ratios to below post Dec. 2020 capital increase levels as at 30 September 2026 (in €m) 2.3x 1.4x 1,784 1.4x 1.2x 2 2,000 1.5x 3 1.3x 398 1,500 1.1x 0.9x 0.6x 2 1,000 0.7x
Slide 21: KION ITS: Electrification Rate
KION ITS: Electrification Rate Development of KION ITS segment Change Order intake Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Change YoY Change QoQ FY 2022 FY 2023 FY 2024 FY 2025 YoY 2025 Order intake (in ’000 units) 60.3 70.6 72.6 69.1 68.4 +13% -1% 268.2 241.7 245.0 266.1 +9% Thereof IC-trucks 4.4 5
Slide 22: Industrial Truck Market and ITS Order Intake
Industrial Truck Market and ITS Order Intake Industrial Truck Market 1 Development of KION ITS segment Region Regional growth Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 Q3 2026 (Change in units YoY) (Change in units yoy) EMEA +2% +5% +2% +3% +24% +12% EME
Slide 23: Basis for Outlook
Basis for Outlook Amended Free Cash Flow definition • Given expected strong growth in Leasing and KION’s good access to capital markets we are broadening the financing of the leasing business to include debt capital market instruments with general corporate purpose. We issued such an instrument in M
Slide 24: Financial Calendar
Financial Calendar Date Event 5 November 2026 Teach-in call on New Segmentation and IFRS 18 30 November 2026 Berenberg European Conference Windsor Park, London, UK 11 - 12 January 2027 ODDO-Commerzbank German Investment Seminar, New York, USA 19 January 2027 UniCredit – Kepler Cheuvreux German Corpo
Slide 25: Key Financials
Key Financials Group figures Industrial Trucks & Services Intelligent Automation Solutions Q3 Q2 Q1 FY Q4 Q3 Q2 Q3 Q2 Q1 FY Q4 Q3 Q2 Q3 Q2 Q1 FY Q4 Q3 Q2 (in € m) 2026 2026 2026 2025 2025 2025 2025 2026 2026 2026 2025 2025 2025 2025 2026 2026 2026 2025 2025 2025 2025 Order intake 2,651 2,809 2,985 1
Slide 26: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”, Certain industry, market and competitive position data contained in this and other factors because they relate to events and depend on circumstances and together with its consolidated subsidiaries, the "KION Group"). This Pr
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