Slides
Page 1
We power the energy transition globally Since 1814 Earnings call – H1 2026 27 August 2026
Page 2
DISCLAIMER 2 This presentation (the “Presentation”), contains information regarding ASTA Energy Solutions AG (the “Company”) and each of its subsidiaries and affiliates (jointly referred to as the “Group”). Any copyrights which may derive from this Presentation shall remain with the Company. This Presentation has been prepared by the Company and includes information obtained from third party sources. This Presentation is intended to provide a general overview of the Group’s business and does not purport to deal with all aspects and details regarding the Company and the Group. The information and opinions contained in this Presentation do not purport to be comprehensive and are provided as at the date of this Presentation or as of the date specified herein. Certain financial information (including percentages) in this Presentation may have been rounded according to commercial standards. As a result, the aggregate amounts may not correspond in all cases to the aggregated amounts of the underlying (unrounded) figures appearing elsewhere in this Presentation. The information in this Presentation is of an abbreviated nature and may be subject to updating, revision and amendment, and may change materially. Certain financial data included in this Presentation consists of non-IFRS financial measures. These non-IFRS financial measures may not be comparable to similarly titled measures presented by other companies, nor should they be construed as an alternative to other financial measures determined in accordance with IFRS. You are cautioned not to place undue reliance on any non-IFRS financial measures and ratios included herein. None of the Company, the Group, or any other person has independently verified the information contained in this Presentation. No representation, warranty or undertaking, express or implied, is given as to the accuracy, fairness or completeness of the information, opinions, projections or estimates given or contained in this Presentation and no liability is accepted for any such information or opinions or for any errors or omissions or any loss howsoever arising, directly or indirectly, from the use of this Presentation or its contents or otherwise arising in connection therewith. None of the Company, the Group, or any other person is under any obligation to update or keep current the information contained in this Presentation or to correct any inaccuracies which may become apparent, and any opinions expressed herein are subject to change without notice. The Company reserves the right to amend or replace the Presentation at any time and undertakes no obligation to provide the recipients with access to any additional information. Nothing in this Presentation is, or should be relied upon as, a promise or representation as to the future. This Presentation contains specific forward-looking statements, beliefs or opinions, which are based on management’s current beliefs, expectations and projections about future events and operational performance. These statements may contain terms like “potential”, “believe”, “assume”, “anticipate”, “expect”, “forecast”, “project”, “may”, “could”, “might”, “will” or similar expressions. All statements other than statements of historical facts included in this Presentation, including, without limitation, those regarding the Company’s financial position, business strategy, plans, intentions, beliefs, objectives and expectations of management for future operations and transactions are forward-looking statements. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may result in a substantial divergence between the actual results, financial situation, development or performance of the Company from those explicitly or implicitly presumed in these statements. Past developments cannot be relied on as a guide to future developments. You should not place undue reliance on forward-looking statements, which speak of the date of this Presentation. In addition, forward-looking statements are not intended to give any assurances as to future results and statements regarding past trends should not be taken as a representation that they will continue in the future. The Company, the Group, and their respective directors, officers, employees, shareholders, affiliates, agents and advisers each expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations or any change in the events, conditions or circumstances on which any such statement is based, unless otherwise required by law. Further, this Presentation may include market share and industry data obtained by the Company from industry publications and surveys. The Company may not have access to the facts and assumptions underlying the numerical data, market data and other information extracted from public sources and neither the Company, the Group, nor any of their respective directors, officers, employees, shareholders, affiliates, agents and advisers are able to verify such information, and assume no responsibility for the correctness of any such information. Accordingly, undue reliance should not be placed on any of the numerical or market data contained in this Presentation. This Presentation does not constitute investment, legal, accounting, regulatory, taxation or other advice.
Page 3
Speaking to you today 3 Karl Schäcke Daniela Klauser CEO CFO
Page 4
Our Mission: WE POWER THE ENERGY TRANSITION GLOBALLY >210 Years 40+ patents A Global technological leader 4 Electric vehicles Flat wire for stator hairpins Copper windings Locomotive Copper windings Power Generators Continuously Transposed Conductor Transformers Note(s): High- and Medium- Voltage Transformers A Global technological leader Driving innovation with ASTA's high-performance solutions 2 GW, De Südlink, de Siemens vectron, dual mode Glen canyon, us World‘s largest transformer, CN 1. Business update| 2. key financials | 3. outlook
Page 5
5 Strong Financial performance Record H1 with adj. EBITDA up 54% YoY Favorable commercial momentum Long-term agreements extended securing visibility through 2032 FY 2026 Guidance raised FY Adj. EBITDA raised to €60-64 million; top-line outlook confirmed We power the energy transition globally Continuously transposed conductor (CTC) Disciplined Operational Execution Capacity expansion progressing on schedule across all plants Guidance raised after strong h1 results delivering on our growth ambition 1. Business update| 2. key financials | 3. outlook
Page 6
OEM BACKLOG Continued Strong market demand backed by Long-Term customer commitments Source(s): GE Vernova Q2 2026 Earnings Presentation (22 July 2026) and Siemens Energy Q3 2026 Analyst Presentation (05 August 2026) 6 Q2 2025 Q2 2026 $27bn $45bn +65% Q3 2025 Q3 2026 €38bn €51bn +34% Market accelerating into ASTA’s strengths ASTA Agreement Structure Selected LTA Partners extended up to 2032 Long Term Agreements (LTA) ~55%, Multi-year, volume and price formula fixed Framework Agreements ~45%, volume corridor, no firm offtake Spot market ~5%, order by order Grid Capex Connection demandGlobal build-out Industry and EV Ai power demand Data centresRenewables Electrification Demand drivers ElectrificationElectrification Grid Technologies Grid Technologies 1. Business update| 2. key financials | 3. outlook
Page 7
Scaling capacity , Closing the Loop: Disciplined growth across three continents 7 Capacity expansion on track Capacity expansion across all regions to serve growing OEM demand Flagship project: Bosnia ramp- up supporting European market Further expansion in other regions, including Brazil, China and India Contracted demand drives expansion, not speculative build- out Sustained capacity growth, backed by contracted demand Capital-efficient expansion within existing footprints where possible Supply chain integration in progress Recycling internal Copper scrap Circular business model with customers and utilities through recycling and casting capabilities Expand recycling and casting footprint: fully leverage the Brazil platform and build a second platform in Europe 1. Business update| 2. key financials | 3. outlook
Page 8
Strong Financial Performance in h1 2026 8Note(s): ¹incl. Δ FG/UFG; ²Adj. EBITDA is not an IFRS financial measure. It is calculated as result for the period before interest inc ome and interest expenses, other financial income and other financial expenses, income tax benefit (expenses) and depreciation and amortization adjusted for non-recurring IPO preparation costs. ³ Free cash flow is not an IFRS financial measure. It is calculat ed as adjusted EBITDA minus acquisition of intangible assets and property, plant and equipment. 1. business update | 2. key financials | 3. outlook Record half-year across all important KPIs H1 2025: EUR 73.9 million H1 2025: EUR 356.7 million H1 2025: EUR 24.0 million H1 2025: EUR 13.4 millionH1 2025: EUR 10.6 million Net Sales Net value sales¹ Adj. EBITDA² Free cash flow³ CAPITAL expenditures +22% +33% +54% +115% +6% H1 2025: EUR 10.0 million NET INCOME +125% Significant revenue growth, driven by ongoing capacity increase, product shift and high copper price Underlying growth driven by ongoing capacity increase, product shift excluding the copper price effect Strong operational performance across all markets and attractive market environment; adj. EBITDA margin at 8.5% (H1 2025: 6.7%) Net income after taxes clearly reflects the positive business performance across all operating divisions Improved operating performance, coupled with the phasing of certain CapEx outlays resulted in a cash conversion rate of 61.6% CapEx intentionally phased toward later quarters of 2026 supporting a disciplined approach to capital deployment
Page 9
Net Sales In H1 2026, net sales reached €435.8 million (+22.2% vs. H1 2025) Net-value sales In H1 2026, net-value sales increased to €98.4 million (+33.2% vs. H1 2025) Δ FG/UFG Reflects production ahead of invoiced sales in preparation for deliveries Change in finished and unfinished goods increased to €24.6 million (+14.4% vs. Q1 2026) Growth momentum continued in H1 2026, driven by volume expansion and pricing discipline 9 Commentary Note(s): Net-value sales is not an IFRS financial measure. Net-value sales are calculated based on net sales minus cost of materials (wh ich are passed through directly to the customer), supplies and services. This measure is relevant for the Company because it shows the net-value portion of net sales generated by the ASTA group. Net Sales H1 2025 H1 2026 356.7 435.8 +22% in EURm in EURm 1. Business update | 2. key financials | 3. outlook 3.8 70.1 H1 2025 24.6 73.8 H1 2026 73.9 98.4 +33% Δ FG/UFG Net-value Sales Net-value sales (incl. Δ FG/UFG)
Page 10
Adj. EBITDA Over-proportional adj. EBITDA growth driven by a mix of pricing power, volume growth and cost efficiency gains In H1 2026, adj. EBITDA increased to €37.0 million (+54.2% vs. H1 2025) Adj. EBITDA in % of net-value sales (incl. Δ FG/UFG) reached 37.6% vs. 32.5% in H1 2025 IPO cost of €2.6 million were initially (Q1 2026) recognized in other operating expenses and, following an IFRS reassessment, were classified to equity Operating result (EBIT) In H1 2026, EBIT increased to €31.7 million (+61.7% vs. H1 2025) Margin expansion continued in H1 2026, driven by sustained pricing momentum and operational leverage 10Note(s): Adj. EBITDA is not an IFRS financial measure. It is calculated as result for the period before interest income and interest e xpenses, other financial income and other financial expenses, income tax benefit (expenses) and depreciation and amortization adjusted for non-recurring IPO preparation costs. ADJ. EBITDA Operating result (EBIT) H1 2025 H1 2026 19.6 31.7 +62% 7.3%5.5% 32.2%26.5% EBIT % (Net Sales) EBIT % (Net-value Sales incl. Δ FG/UFG) +1.8pp +5.7pp in EURm in EURm H1 2025 H1 2026 24.0 37.0 +54% 8.5%6.7% 37.6%32.5% adj. EBITDA % (Net Sales) adj. EBITDA % (Net-value Sales incl. Δ FG/UFG) +1.8pp +5.1pp Commentary 1. Business update | 2. key financials | 3. outlook
Page 11
NET INCOME Net income more than doubled from EUR 10.0 million in H1 2025 to EUR 22.5 million in H1 2026 (+125.0%) Growth driven by a combination of higher operating profit and an improved financial result following the post-IPO refinancing Earnings per share (EPS) EPS increased from EUR 1.00 in H1 2025 to EUR 1.66 in H1 2026 (+66%) The increase in EPS is lower than net income growth, reflecting the higher weighted average number of shares outstanding following the IPO in January 2026 Bottom line more than doubled in H1 2026 on higher operating profit and improved financial result 11 NET INCOME EPS H1 2025 H1 2026 10.0 22.5 +125% H1 2025 H1 2026 1.66 1.00 +66% in EURm in EUR Commentary 1. Business update | 2. key financials | 3. outlook
Page 12
Rising capital expenditures support capacity expansion while free cash flow more than doubles 12 Capital expenditures In H1 2026, CapEx amounted to €14.2 million (+6.0% vs. H1 2025) CapEx intentionally phased toward later quarters of 2026, reflecting the timing of the IPO and supporting a disciplined approach to capital deployment Free cash flow In H1 2026, free cash flow more than doubled to €22.8 million (+115.2% vs. H1 2025) Improved operating performance, coupled with the phasing of certain CapEx outlays resulted in a cash conversion rate of 61.6%, calculated as free cash flow divided by adjusted EBITDA Note(s): Free cash flow is not an IFRS financial measure. It is calculated as adjusted EBITDA minus acquisition of intangible assets a nd property, plant and equipment. Commentary Capital Expenditures H1 2025 H1 2026 13.4 14.2 +6% 3.3%3.8% -0.5pp in EURm in % of Net Sales Free cash flow H1 2025 H1 2026 10.6 22.8 +115% Cash Conversion 61.6%44.2% +17.4pp in EURm 1. Business update | 2. key financials | 3. outlook
Page 13
Trade working capital As of 30 June 2026, trade working capital amounted to €83.9 million (+132% vs. 31 December 2025) Increase in TWC is mainly driven by higher inventory levels as part of proactive supply chain management, ramp-up of recycling activities in Brazil and the impact of higher copper prices Net financial debt As of 30 June 2026, ASTA had a net cash position of €47.4 million vs. net debt of €56.6 million as of 31 Dec 2025 The financial position includes net IPO proceeds of ~€120 million, which were partly used to repay loans and phase out working capital financing facilities Working capital investment supports capacity ramp - up, balance sheet turns to net cash 13 Net financial debt 31.12.2025 30.06.2026 56.6 -47.4 +104m Leverage Ratio -0.78x1.18x -1.96x in EURm Commentary Trade working capital 31.12.2025 30.06.2026 36.1 83.9 +132% in % of Net Sales (LTM) 11.5%5.2% +6.3pp in EURm Note(s): Trade Working Capital in % of net sales calculated on the basis of the last twelve months (LTM) net sales 1. Business update | 2. key financials | 3. outlook
Page 14
Strategic Growth Foundation for Long-Term Value Creation After successful initial public offering in January 2026 14 Use of proceeds Allocation Key initiatives Status A. Capacity expansion ~40% Of net proceeds Capacity increase across all regions Bosnia ramp-up for the European market Further expansions in Brazil, China and India B. Supply chain integration ~20% Of net proceeds Extend the recycling and casting platform in Brazil Build a second platform in Europe Green Copper Alliance C. Financial flexibility ~20% Of net proceeds Strengthen ASTA's capital structure Stronger equity base improves credit profile Higher conversion of EBITDA to net income D. De -leverage ~20% Of net proceeds Reduce leverage Stronger credit profile and improved debt metrics Enhanced capacity to self-finance future growth ON TRACK IN PROGRESS DELIVERED ON TRACK 1. Business update | 2. key financials | 3. outlook
Page 15
15 Net sales >EUR 790 million (Copper price assumption based on USD 11,500/Metric Ton) Net-value sales >EUR 170 Million 24 April 2026 Adjusted ebitda (adjusted for non-recurring IPO preparation costs) EUR 55-59 million reconfirmed reconfirmed 18 August 2026 EUR 60-64 million 1. business update | 2. key financials | 3. outlook FY 2026: adjusted ebitda guidance raised top-line outlook reconfirmed
Page 16
16 Well positioned for continued profitable growth Resilient sales growth backed by structural demand High visibility supported by long-term agreements Margin expansion achieved through operational excellence Strong cash flow profile supported by disciplined capital allocation 1. business update | 2. key financials | 3. outlook
Page 17
Q&A 17 Karl Schäcke Daniela Klauser cEo CFO
Page 18
Meet asta Upcoming investor events and conferences Note(s): As of August 2026 18 1. Business update | 2. key financials | 3. outlook Date EVENT LOCATION 28 August 2026 ODDO BHF Group Lunch Vienna, Austria 1 September 2026 Berenberg Stockholm Seminar Stockholm, Sweden 2 September 2026 Commerzbank & ODDO BHF Corporate Conference Frankfurt, Germany 15 September 2026 ODDO BHF Individual Roadshow Paris, France 22 September 2026 Berenberg & Goldman Sachs German Corporate Conference Munich, Germany 23 September 2026 Baader Investment Conference Munich, Germany 1 October 2026 Berenberg Madrid Seminar Madrid, Spain 17 November 2026 Publication of Q3 Report - 17-18 November 2026 Berenberg Pan-European Discovery Virtual 23-24 November 2026 Deutsches Eigenkapitalforum Frankfurt, Germany 3 December 2026 Berenberg European Conference London, United Kingdom For individual meetings please contact Christoph Rainer, Head of Investor Relations, ir@astagroup.com.