Kion Group AG · XETR:KGX
Kion — New Segmentation and IFRS 18: Reporting Implications
26 slides from Kion's investor presentation, Nov 5, 2026
Slide 1: New Segmentation and IFRS 18: Reporting Implications
New Segmentation and IFRS 18: Reporting Implications Christian Harm, CFO Frankfurt am Main, 5 November 2026
Slide 2: Executive Summary
Executive Summary This teach-in prepares investors and analysts for KION’s new reporting structure from 2027, resulting from the creation of a dedicated Financial Services (FS) segment and the implementation of IFRS 18 • KION will separate most of its leasing activities from Industrial Trucks & Serv
Slide 3: Agenda
Agenda 01 New segmentation and IFRS 18 02 Reporting implications 03 Summary and Next Steps KION GROUP AG | New segmentation and IFRS 18 - 2027 3
Slide 4: Strategic importance of Leasing Business
Strategic importance of Leasing Business Leasing Business has grown to …and fundamentally differs from become a key business pillar… other business lines Given the increasing Leasing-related assets1 (€ million) • Leasing is an important enabler of KION’s strategic relevance of business model to maxi
Slide 5: Establishment of Financial Services segment separate from ITS
Establishment of Financial Services segment separate from ITS Status quo Setup from 1 January 2027 KION KION Intelligent Corporate Industrial Trucks Intelligent Corporate Industrial Trucks Financial Automation Services & & Services Automation Services & & Services Services Solutions Consolidation So
Slide 6: Captives in KION’s Leasing Business
Captives in KION’s Leasing Business Countries with FS Captive entities • In general, a captive in the Leasing Business refers to a company or entity that is (Sep. 2026) specifically tied to a single manufacturer or brand. Also often used by automakers, or truck companies • Leasing is an important en
Slide 7: Initially not all Leasing business part of Financial Services
Initially not all Leasing business part of Financial Services New trucks After sales Rental Used trucks Leasing (Direct sale) (Short-term rental) (Operating and finance leasing) Sale of new trucks via Provision of spare parts Provision of new and Refurbishment and Long-term leasing offer own sales n
Slide 8: Additional value streams in ITS and FS through segmentation
Additional value streams in ITS and FS through segmentation Status quo: Direct sale and leasing business is fully reflected in ITS. Finance Lease (FL) is recognized upfront as New Truck Business, while Operating Lease (OL) is recognized as Service revenue over the lease term. Truck and interest marg
Slide 9: FS Return on Equity (RoE) as core KPI for Financial Services
FS Return on Equity (RoE) as core KPI for Financial Services FS Return on Equity (RoE) as core key performance indicator for Financial Services Definition segment PBT FS RoE = Equity Rationale PBT: Sum of the profits before income taxes of the • Business model of FS is geared towards interest margin
Slide 10: IFRS 18 – Insights into the new requirements
IFRS 18 – Insights into the new requirements IFRS 18 Presentation and Disclosure in Financial Statements will replace IAS 1 Presentation of Financial Statements with the aim to increases comparability, transparency and usefulness of information Effective date: 1 January 2027 Comparative period: FY 2
Slide 11: IFRS 18 introduces new structure for income statement
IFRS 18 introduces new structure for income statement Income Statement according to IFRS 18 New structure in the income statement Revenue • Income and expenses classified into three new Cost of sales categories: ‘Operating’, ‘Investing’ and ‘Financing’ Gross profit • Two new required subtotals: ‘Ope
Slide 12: Agenda
Agenda 01 New segmentation and IFRS 18 02 Reporting implications 03 Summary and Next Steps KION GROUP AG | New segmentation and IFRS 18 - 2027 12
Slide 13: Changes in disclosure and KPIs on Group and Segment level
Changes in disclosure and KPIs on Group and Segment level Current KION New KPIs setup, Revenue Adj. EBIT FCF ROCE Indebtedness with 2 • Profitability KPI: operating Replace Adj. EBIT with Adj. Operating Profit segments ITS IAS (since 2016) Revenue Adj. EBIT Revenue Adj. EBIT • Industrial Free Cashfl
Slide 14: All leasing interest income included in revenue under IFRS 18
All leasing interest income included in revenue under IFRS 18 Revenue structurally higher in new reporting Revenue (IFRS 18 restated) structure (offset in financing income) FY2025, in € million • KION’s Leasing Business qualifies as a specified main business activity 1.7% under IFRS 18 • Interest in
Slide 15: Adjusted Operating Profit (OP) is new profitability KPI
Adjusted Operating Profit (OP) is new profitability KPI FY25 adj. OP and adj. OP margin lower in new reporting structure1 Adjusted EBIT (status quo) / Adjusted Operating Profit (IFRS 18 restated) (offset in financing and/or investing profit) FY2025, in € million • KION’s leasing-related interest inc
Slide 16: Introducing Free Cash Flow for industrial business of KION
Introducing Free Cash Flow for industrial business of KION FS segment FCF ≠ Leasing FCF as a leasing portion remains within ITS Cash flows (IFRS 18 restated) • FS segmentation allows for separation of FY2025, in € million the majority of the lease business from KION KION’s industrial business FY 202
Slide 17: Changes in operating cash flow
Changes in operating cash flow Industrial FCF1 to replace KION FCF as Statement of cash flows (FY 2025 reported) core KPI for cash steering Main changes from 2027 onwards: in € million 2025 • We will now use both special EBIT 500.9 ➔ Starting point: Operating Profit purpose refinancing as well as Am
Slide 18: New definition for ROCE
New definition for ROCE ROCE structurally higher as capital employed will no longer include leased assets and associated companies (despite lower profit KPI in FY2025) Adaptation of new profit KPI resulting from IFRS 18 application (Adjusted Operating Profit) leads to new base of ROCE calculation. C
Slide 19: Revised presentation of KION’s indebtedness
Revised presentation of KION’s indebtedness Net debt excluding leasing business above Industrial net debt due to allocation of FS cash pool to FS segment KION today: Debt table starts with „Corporate KION 2027ff: As a consequence of using general purpose instruments for the Debt“ only as Financial D
Slide 20: Change in KION’s leverage
Change in KION’s leverage Leverage presentation differs from before as leasing contribution now deducted from profit KPI and higher KION today – Leverage presentation KION from 2027 onwards – Leverage presentation2 KION net debt Leverage changes from 1.4 to 2.1 after considering IFRS18 and Financial
Slide 21: Changes to KION’s Group and segment level KPIs
Changes to KION’s Group and segment level KPIs KPI impact on KION level and on ITS and FS segment level as outlined on prior slides No changes in IAS CS / Consolidation: intercompany eliminations increase mainly due to the introduction of new FS segment KION GROUP AG | New segmentation and IFRS 18 -
Slide 22: Agenda
Agenda 01 New segmentation and IFRS 18 02 Reporting implications 03 Summary and Next Steps KION GROUP AG | New segmentation and IFRS 18 - 2027 22
Slide 23: Summary
Summary • KION will have a new reporting structure from January 1, 2027, resulting from the creation of a dedicated Financial Services (FS) segment and the implementation of IFRS 18 • KION will separate most of its leasing activities from ITS into a new FS segment to improve transparency, steering a
Slide 24: Next steps
Next steps Next days Please address all your new segmentation / IFRS 18 related questions to IR; We will collect these and provide an FAQ on our IR website 4 March 2027 Full year reporting 2026 based on old reporting structure Provision of comparative figures 2026 including quarters based on new rep
Slide 25: Disclaimer
Disclaimer This document has been prepared by KION GROUP AG (the “Company”, Certain industry, market and competitive position data contained in this and together with its consolidated subsidiaries, the "KION Group") solely for Presentation, if any, come from official or third-party sources. Third pa
Slide 26: Investor Relations Contact
Investor Relations Kontakt +49 69 20 110 0 [email protected]
Kion Group — New Segmentation and IFRS 18: Reporting Implications on 6ix