JOST Werke AG

Investor Presentation • Aug 14, 2024

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Financial Highlights in Q2 2024 and H1 2024

Sales reached $€ 298 \mathrm{~m}$ in Q2 2024, partially supported by $€ 21 \mathrm{~m}$ M\&A contribution

Adj. EBIT reached $€ 34 \mathrm{~m}$ and adj. EBIT margin remained strong on prior year's level at $11.3 \%$ despite declining sales

Free cash flow grew strongly to $€ 61 \mathrm{~m}$ in H1 2024
and leverage remained below 1x even after dividend payment of $€ 22 \mathrm{~m}$
Adj. EPS reached $€ 3.07$ per share in H1 2024
with adj. net earnings to sales ratio remaining high at $7.8 \%$

JOST Acquires a 10\% stake in Start-up Trailer Dynamics

JOST becomes strategic investor in Start-up Trailer Dynamics, strengthening R\&D cooperation in the field of e-trailer technology.

JOST invests $€ 15 \mathrm{~m}$ in financing round, bolstering the industrialization of Trailer Dynamics' market-ready plug-and-play axle electrification kit.

The investment strengthens JOST's R\&D in e-Trailers, supporting a matured start-up where JOST plans to be supplier, distributor and industrialization partner.

This partnership will lead to new products and systems that accelerate the decarbonization and economic efficiency in transport and logistics.

Market Development Q2 2024 vs. Q2 2023

Note: Market estimates based on LMC, Clear Consulting, FTR, OEM announcements (August 2024)

Europe - European Markets Remain Weak

North America - Strong Profitability Despite Sales Decline

Asia-Pacific-Africa - Demand for Transport Remains Robust on High Level

Group - Profitability Remains High Despite Cyclical Sales Decline

Adjusted Net Income and Adjusted EPS

ROCE, Equity Ratio and Leverage Development

Cash Flow and Working Capital Development

Market Development Expectations for FY 2024

Note: Market estimates based on LMC, Clear Consulting, FTR, OEM announcements (as of August 2024)

JOST confirms Outlook for 2024

Sales	Single digit decline $y$-o-y; (2023: €1,250m)
Adj. EBIT	Single digit decline y-o-y (2023: €141m)
Adj. EBIT margin	Decline y-o-y, but staying in upper half of strategic corridor of $10.0 \%$ - $11.5 \%$
Capex (in \% of sales) ${ }^{1}$	Approx. 2.5\% - 2.9\% of sales
Working Capital	Below 19\% from sales (2023: 18.0\%)

1: Excluding M\&A

Executive Summary

JOST maintains its strong profitability in Q2 2024 and H1 2024, achieving a high adj. EBIT margin despite sales decline

Improvements in Working Capital and operational excellence strengthen Free Cashflow, keeping leverage below the 1x threshold

JOST invests further in strategic opportunities to grow its R\&D capabilities, bolstering its technological leadership in Transport

Strong shareholder value with ROCE of 20\% and cash conversion rate of 1.3 in H1 2024

JOST confirms its Outlook 2024, using current market environment to strengthen its market positioning and continue to leverage the group's business resilience

Q\&A

Appendix

Further information

Development of JOST's Sales and Adjusted EBIT by Quarter

Cycle-driven sales decline of sales in Q2 2024, especially compared to high-peak sales in Q2 2023. Strong profitability maintained in Q2 2024, despite cyclical sales decline.

Shareholder Structure and Share Information

Financial Calendar 2024

Aug 14	Publication of Q2 2024 Interim Report
Sept 4	Corporate Sector Conference 2024, Frankfurt/Germany
Sept 10	JOST's Capital Market Day 2024, Neu-Isenberug/Germany
Sept 25	Berenberg and Goldman Sachs German Corporate
	Conference 2024, Munich/Germany
Sept 26	Baader Investment Conference 2024, Munich/Germany
Nov 14	Publication of Q3 2024 Interim Report

Contact

Investor Relations Contact:
ROMY ACOSTA
Head of Investor Relations

JOST Werke SE
SIEMENSSTRASSE 2
63263 NEU-ISENBURG
GERMANY
E-MAIL: romy.acosta@jost-world.com PHONE: +49-6102-295-379
FAX: +49-6102-295-661
WWW.JOST-WORLD.COM