Jungheinrich AG — Earnings Release 2021

Nov 10, 2021

Interim statement as of 30 September 2021 Conference call

Dr Lars Brzoska (Chairman of the Board of Management) Dr Volker Hues (Member of the Board of Management, Finance) Hamburg, 10 November 2021

Highlights Q1– Q3 2021

■ Global market volume grows significantly, as does European market volume

■ Incoming orders rise to €3.6 billion (+31%)

■ All results markedly higher than previous year's figures

■ Net credit of €295 million achieved (end of December 2020: €194 million)

■ Increase in price of materials more than compensated for with price adjustments and efficiency measures; bottlenecks in supply chains overcome well so far

■ Forecast for 2021 raised again

Incoming orders continue to develop very well

► Incoming orders reflect positive market development, especially in Europe

Revenue growth trails behind increase in demand due to strained material supply

in € million

• ► New truck business is main driver of revenue growth (€204 million increase)
• ► Main causes: significantly higher production volume of new trucks and solid growth in automated systems

EBIT very significantly higher than in previous year

• ► EBIT largely profits from significant increase in capacity utilisation
• ► Increase in price of materials more than compensated for with price adjustments and efficiency measures

Forecast raised again

2021 forecast	October 20211)	April 20212)
in € billion Incoming orders	4.6 to 4.8	4.2 to 4.5
Revenue in € billion	4.0 to 4.2
in € million EBIT	340 to 370	300 to 350
EBIT ROS in %	8.5 to 8.8	7.5 to 8.3
in € million EBT	325 to 355	280 to 330
EBT ROS in %	8.1 to 8.5	7.0 to 7.9
Net credit in € million	considerably > 300
ROCE3) in %	20 to 23	17 to 21
ROCE new in %	19 to 22	17 to 21

• ► Prerequisite: no further deterioration of the currently strained material supply (particularly in the case of electronics components) for the rest of the year
• ► Unrestricted, continued implementation of measures to ensure ability to deliver
• ► Future serious production shutdowns due to bottlenecks in the material supply chain cannot be ruled out

1) Ad hoc announcement as of 25 October 2021

2) Ad hoc announcement as of 22 April 2021

3) Will be reported for the last time for the 2021 financial year

Disclaimer

Unforeseeable developments may cause the actual business trend to differ from expectations, assumptions and estimates of the management of Jungheinrich that are reproduced in this presentation.

Factors that may lead to such deviations include changes in the economic environment within the intralogistics sector and materials supply – including the consequences of the further development of the Covid-19 pandemic – as well as changes to the exchange rate and interest rates. No responsibility is therefore taken for the forward-looking statements in this presentation.