Jungheinrich AG

Earnings Release • Jun 30, 2014

Conference Call Interim Report as of June 30, 2014

Growing with Passion

Hans-Georg Frey, Chairman of the Board of Mangement Dr. Volker Hues, Member of the Board of Managenemt, Finance August 11, 2014

Highlights—Q2 2014

• Size of European material handling equipment market increases by 13%
• Incoming orders (units) in new truck business rise by 16%
• Incoming orders encompassing all business fields amounted to €646 million, corresponding to a gain of 11% compared to the same quarter last year
• As expected, unit production figures 12% up year on year
• Net sales climb by 7%
• EBIT slightly higher year on year despite the cost burden imposed by CeMAT

Highlights—H1 2014

• World and European material handling equipment markets both rise by 10% in volume
• Incoming orders (units) in new truck business up 11%
• Value of incoming orders (all business fields) up 7%; net sales 9% higher year on year
• EBIT up 5% year on year; EBT and net income both 13% higher
• Forecast for 2014 confirmed

World Material Handling Equipment Market as of 6/2014 Growth Rates by Region

in terms of units; compared to 6/2013

Source: WITS, SIMHEM 6/2014

Incoming Orders of all Business Fields

in million €

Some two-thirds of the growth stem from new truck business

Business Trend—New Truck Business

in units

Incoming Orders

Much greater number of trucks added to the short-term hire fleet than a year before

All product segments (warehousing equipment, battery-powered counterbalanced trucks and IC engine-powered CBTs) post double-digit growth

Business Trend—New Truck Business

in units

Production

Production output in line with expectations

Orders on Hand

Consolidated Net Sales

in million €

Nearly half of the rise in the quarter stems from new truck business

• Net sales from new truck business +14%
• Net sales from short-term hire and used equipment +7%
• Net sales from after-sales services +4%
• Net sales outside Europe +33%
• Strong rise in net sales in Asia
• Share of Group net sales grows to 10%

EBIT in million €

Costs incurred for our presence at CeMAT, the world's largest trade show for the sector, weigh on profitability

• Strong growth in net sales in new truck business
• One-off contribution to the assets of the Dr. Friedrich Jungheinrich Foundation (Q1 2014: €1.3 million) and costs associated with CeMAT curtail the EBIT margin

R&D and Capital Expenditures

in million €

• Focal points: energy efficiency of drive systems & automation of material handling equipment
• Capitalization ratio rises due to increase in major product developments

Key factors 2014

• Acquisition of a property for the Singapore branch office
• Initial effects of progress made in the construction of corporate headquarters in Hamburg and the training centre in Norderstedt

Workforce Trend

in full-time equivalent (FTE)

World Material Handling Equipment Market

in thousand units

Jungheinrich Group—Forecast for 2014 Confirmed

Incoming orders €2.4 billion - €2.5 billion¹

Net sales

Earnings before interest and taxes (EBIT)

Capital expenditures on tangible assets

Research and development expenditures

€2.4 billion - €2.5 billion¹

€175 million - €185 million¹

€85 million - €95 million

€45 million - €50 million

ROCE 15% - 20%

1 2013 incoming orders: €2.4 billion, net sales: €2.3 billion, 2013 EBIT: €172 million.

Disclaimer

Since developments cannot be foreseen, the actual business trend may deviate from the expectations presented here based on assumptions and estimates made by Jungheinrich company management. Factors that may lead to such deviations include changes in the economic environment, changes in the political and legal environment and within the material handling equipment sector as well as exchange and interest rate fluctuations. Therefore, no responsibility is taken for forward-looking statements made in this interim Group management report and no ensuing liability is assumed.