Jungheinrich AG

Investor Presentation • Nov 12, 2024

JUMGHEMPIG:

Interim statement as of 30 September 2024

Dr Volker Hues
(Member of the Board of Management, CFO)
Heike Wulff
(Member of the Board of Management, designated CFO)

Hamburg, 12 November 2024

Q1-Q3 2024: At a glance

Resilient business development in ongoing difficult market environment

Incoming orders slightly higher than in previous year at $€ 3,931$ million

Revenue down 2\% against previous year's very good figure at $€ 3,923$ million

EBIT at $€ 320$ million, with EBIT ROS remaining resilient at $8.2 \%$

Free cash flow is strong at $€ 314$ million

2024 forecast reaffirmed, for incoming orders and revenue substantiated, free cash flow expectation raised

Increase in incoming orders under difficult market environment

Growth in after-sales services in particular more than offsets decline in new business

Revenue slightly below previous year's very good figures

Decline in revenue from new business partly offset by growth in after-sales services and higher revenue from short-term rental and used equipment

Resilient EBIT ROS

EBIT
in € million

Measures initiated to safeguard earnings are bearing fruit; however, they do not fully offset the increased costs related to effects from collective agreements and the increase in personnel largely carried out in the previous year

2024 forecast reaffirmed, for incoming orders and revenue substantiated, free cash flow expectation raised

2024 forecast	Actual 2023	$3 / 2024^{1}$	$11 / 2024$
Incoming orders in $€$ billion	5.2	5.2 to 5.8
Revenue in $€$ billion	5.5	5.3 to 5.9
EBIT in $€$ million	430	420 to 470
EBIT ROS in \%	7.8	7.6 to 8.4
EBT in $€$ million	399	380 to 430
EBT ROS in \%	7.2	6.9 to 7.7
ROCE in \%	15.9	14.5 to 17.5
Free cash flow in $€$ million	15	$>200$	considerably $>300$

Substantiation

Looking ahead to the rest of the year 2024 and in view of the ongoing difficult market environment, we do not rule out that incoming orders and revenue could be in the lower half of their respective ranges

Effects from acquisitions

Purchase price allocations ( $€ 13$ million)
Variable remuneration of around $€ 5$ million (previously: $€ 11$ million)

Disclaimer

The explanations in this presentation are partially forward-looking statements that are based on the company management's current expectations, assumptions and assessments for future developments. Such statements are subject to risks and uncertainty that are largely beyond the company's control. This includes changes in the overall economic situation, such as impacts from geopolitical conflicts, natural catastrophes, pandemics and similar force majeure events, debt issues, within the material handling sector, in materials supply, the availability and price development of energy and raw materials, demand in
important markets, developments in competition and regulatory frameworks and regulations, exchange and interest rates and the outcome of pending or future legal proceedings. Should these or other uncertainties or unknown factors apply or the assumptions on which these statements are based prove false, actual results may deviate significantly from the results stated or implied. No responsibility is therefore taken for forward-looking statements. Without prejudice to existing capital market obligations, there is no intention to accept any obligation to update forward-looking statements.

DUNGHEINRICH