Brockhaus Technologies AG — Call Transcript 2026

May 18, 2026

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Elevating Champions Earnings Call Q1 2026

May 18, 2026

Disclaimer

This document is being presented solely for informational purposes and should not be treated as giving investment advice and does not constitute or form part of, and should not be construed as, an offer to buy or subscribe, nor an invitation to submit an offer to buy or subscribe any of Brockhaus Technologies AG’s (“BKHT”) securities. It is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. All and any evaluations or assessments stated herein represent our personal opinions. We advise you that some of the information is based on statements by third persons, and that no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein.

This presentation contains certain forward-looking statements relating to the business, financial performance and results of BKHT and its (future) subsidiaries (collectively “Brockhaus Technologies") and/ or the industries in which Brockhaus Technologies operates. Forward looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements contained in this presentation, including potential transactions, assumptions, opinions and views of Brockhaus Technologies or cited from third party sources, are solely opinions and forecasts which are uncertain and subject to risks. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in general economic conditions, in particular economic conditions in the markets in which Brockhaus Technologies operates, changes affecting interest rate levels, changes in competition levels, changes in laws and regulations, environmental damages, the potential impact of legal proceedings and actions and Brockhaus Technologies’ ability to achieve synergies from acquisitions. In general, the further development and impact of the middle east conflict and disruption in supply chains, the Russian-Ukraine war, China’s efforts to decouple itself from the West, domestic and foreign policy uncertainties, high energy costs, the tariff and trade policy of the US administration and other global macroeconomic and geopolitical tensions is

uncertain. Brockhaus Technologies does not guarantee that the assumptions underlying the forward-looking statements in this presentation are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or any obligation to update the statements in this presentation to reflect subsequent events. The forwardlooking statements in this presentation are made only as of the date hereof. Neither the delivery of this presentation nor any further discussions of Brockhaus Technologies with any of the recipients thereof shall, under any circumstances, create any implication that there has been no change in the affairs of Brockhaus Technologies since such date. Consequently, Brockhaus Technologies does not undertake any obligation to review, update or confirm recipients’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of the presentation.

For information on alternative performance measures, please refer to Note 6 and 7 of BKHT’s Consolidated Financial Statements for 2025 on page 84 onwards of our Annual Report 2025 or page 14 of BKHT’s quarterly statement Q1 2026.

Neither Brockhaus Technologies, nor any of its respective board members, directors, officers, employees, affiliates, agents or advisers nor any other person shall assume any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or the statements contained herein as to unverified third person statements, any statements of future expectations and other forward-looking statements, or the fairness, accuracy, completeness or correctness of statements contained herein, or otherwise arising in connection with this presentation.

This presentation is made available on the express understanding that it does not contain all information that may be required to evaluate the purchase of or investment in any securities of BKHT. This presentation is accordingly not intended to form the basis of any investment decision and does not constitute or contain (express or implied) any recommendation to do so.

2

Sale of our stake in Bikeleasing

Overview

• BKHT is selling its indirect 51.96% stake in BLS Beteiligungs GmbH

• Buyer is DECATHLON PULSE SAS , a wholly owned subsidiary of the global sporting goods manufacturer DECATHLON

• Enterprise valuation of Bikeleasing amounts to €525 million

• The purchase price will be determined at closing based on a closing accounts concept

Conditions precedent (closing conditions)

✓ ✓

• Merger control approvals in Germany and Austria

• Approval of the Extraordinary General Meeting of BKHT

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• BaFin owner control procedure by DECATHLON PULSE

3

KPIs by segment

(€ thousand)	Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 5,616 6,490 - - 5,616 6,490 (13.5%) - (13.5%) 4,242 5,186 204 92 4,446 5,279 75.5% 79.9% 79.2% 81.3% 189 314 (1,307) (1,310) (1,117) (996) 3.4% 4.8% (19.9%) (15.3%) (123) (125) (1,364) (1,355) (1,487) (1,479) (2.2%) (1.9%) (26.5%) (22.8%) Sum of continuing operations Central Functions and Consolidation Security Technologies	Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 5,616 6,490 - - 5,616 6,490 (13.5%) - (13.5%) 4,242 5,186 204 92 4,446 5,279 75.5% 79.9% 79.2% 81.3% 189 314 (1,307) (1,310) (1,117) (996) 3.4% 4.8% (19.9%) (15.3%) (123) (125) (1,364) (1,355) (1,487) (1,479) (2.2%) (1.9%) (26.5%) (22.8%) Sum of continuing operations Central Functions and Consolidation Security Technologies	Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 5,616 6,490 - - 5,616 6,490 (13.5%) - (13.5%) 4,242 5,186 204 92 4,446 5,279 75.5% 79.9% 79.2% 81.3% 189 314 (1,307) (1,310) (1,117) (996) 3.4% 4.8% (19.9%) (15.3%) (123) (125) (1,364) (1,355) (1,487) (1,479) (2.2%) (1.9%) (26.5%) (22.8%) Sum of continuing operations Central Functions and Consolidation Security Technologies	Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 5,616 6,490 - - 5,616 6,490 (13.5%) - (13.5%) 4,242 5,186 204 92 4,446 5,279 75.5% 79.9% 79.2% 81.3% 189 314 (1,307) (1,310) (1,117) (996) 3.4% 4.8% (19.9%) (15.3%) (123) (125) (1,364) (1,355) (1,487) (1,479) (2.2%) (1.9%) (26.5%) (22.8%) Sum of continuing operations Central Functions and Consolidation Security Technologies		Q1 2026 Q1 2025 42,334 35,889 18.0% 24,486 18,334 57.8% 51.1% 8,690 3,382 20.5% 9.4% 7,234 2,369 17.1% 6.6% Discontinued operation _Former:_HR Benefit & Mobility Platform	Q1 2026 Q1 2025 42,334 35,889 18.0% 24,486 18,334 57.8% 51.1% 8,690 3,382 20.5% 9.4% 7,234 2,369 17.1% 6.6% Discontinued operation _Former:_HR Benefit & Mobility Platform	Group prior to the sale of Bikeleasing	Group prior to the sale of Bikeleasing
	Q1 2026	Q1 2025 Q1 2026	Q1 2025 Q1 2026			Q1 2026		Q1 2026	Q1 2025
Revenue	5,616	6,490 -	- 5,616	6,490		42,334	35,889	47,949	42,379
Revenue growth	(13.5%)	-	(13.5%)			18.0%		13.1%
Gross profit	4,242	5,186 204	92 4,446	5,279		24,486		28,931	23,613
Gross profit margin	75.5%	79.9%	79.2%	81.3%		57.8%		60.3%	55.7%
Adjusted EBITDA	189	314 (1,307)	(1,310) (1,117)	(996)		8,690		7,572	2,386
Adjusted EBITDA Margin	3.4%	4.8%	(19.9%)	(15.3%)		20.5%		15.8%	5.6%
Adjusted EBIT	(123)	(125) (1,364)	(1,355) (1,487)	(1,479)		7,234		5,747	889
Adjusted EBIT Margin	(2.2%)	(1.9%)	(26.5%)	(22.8%)		17.1%		12.0%	2.1%

Total cash and cash equivalents of €27 million as per end of March 2026*

Note: For further information, please refer to page 4 - 5 of our quarterly statement Q1 2026. * including both discontinued and continuing operations

4

Revenue by region

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3.7%
(66.1)%
36.2%
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(€ million)

Prior-year period

Reporting period

5

Leverage well below the target level

Net debt calculation as per March 31, 2026

(€ million)

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~0.94x
Net debt /
adj. EBITDA (LTM)
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Highlights

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Leverage ratio of 0.94x well below target level of ~2.5x

Compared to Dec 31, 2025, leverage ratio decreased from 1.04x to 0.94x

€

High balance sheet quality underlining resilience of our business

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Note: For detailed explanations, please refer to page 6 of our Quarterly Statement Q1 2026.

6

Completed cost program showing first effects

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Significant reduction in opex driven by cost program H2 2025

Cost program initiated in Q3 2025:

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• Program completed by year-end 2025

• ▪ Associated one-off costs however impacted FY25 figures

Structural cost savings starting to show first effects in Q1 2026:

• Personnel expenses reduced by 16% YoY

• ▪ Other opex reduced by 13% YoY

Focus on core IHSE product suite; reduced exposure to non-core activities

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-16%
3,352
2,801
-13%
1,600
1,393
Personnel expenses Other opex
Q1-25 Q1-26
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• Figures are in € thousand

7

Management change completed

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New IHSE management team in place

Management transition completed; new ✓ leadership in place, ensuring continuity for next growth phase:

Frank Breitenfelder joined IHSE as Managing Director / CFO in April 2025;

▪ Main responsibilities include Finance, Purchasing, Legal and Risk Management/Compliance

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Dr. Thomas Niessen joined IHSE as Managing Director / CEO in May 2026

▪ Main responsibilities include Sales, R&D, Product and Project Management

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Dr. Thomas Niessen Frank Breitenfelder CEO CFO Managing Director Managing Director

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8

Group Forecast FY 2026

Revenue - €30m €32m

(2025: €30m | 0% to +5%)

€0m €2m

Adj. EBITDA

(2025: -€3m | +€3m to +€5m)

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The revenue and adj. EBITDA forecast refers to the Group’s continuing operations

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Q&A

Happy to answer your questions

10

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BROCKHAUS TECHNOLOGIES AG

Thurn-und-Taxis-Platz 6 60313 Frankfurt am Main, Germany

Phone: +49 69 20 43 40 90 Fax: +49 69 20 43 40 971 E-Mail: ir@brockhaus-technologies.com Web: www.brockhaus-technologies.com

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Executive Board: Marco Brockhaus (Chair), Dr. Marcel Wilhelm Chair of the Supervisory Board: Dr. Othmar Belker Registry Court: Frankfurt am Main Local Court Register Number: HRB 109637