Slides
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Presentation of Results First Half Year 2026 WE REACH HIGHER Vienna, July 28, 2027
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NAVIGATING HEADWINDS SECURING OPPORTUNITIES Resilient set-up and very strong balance sheet Strategic initiatives are on track and progressing well Efficiency program to further: improve productivity enhance profitability create additional financial flexibility PALFINGER is in a strong position to navigate more volatile market environments. By combining disciplined execution, operational excellence and growth investments, PALFINGER creates sustainable shareholder value. PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026
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EXECUTING IN A TOUGH ENVIRONMENT Operating in a volatile and challenging environment due to geopolitical disruptions such as Middle-East escalation and U.S. tariffs Delayed investment decisions across key markets Very competitive market environment Positive development in EMEA NAM stable on a lower level APAC and LATAM with solid performance Decline in revenue and earnings in CIS Well-balanced footprint globally offsets regional shortfalls Marine business is gaining momentum Becoming an integrated solution partner in the defense ecosystem Growth opportunities (Aerial Work Platforms TEC, After Sales) Economic stimulus packages and investment programs as additional growth potentials in NAM and EMEA 3 BUILDING ON STRENGTHS MARKET ENVIRONMENT REGIONAL PERFORMANCE BUSINESS MOMENTUM PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026
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NAVIGATING SHORT-TERM CHALLENGES 4PALFINGER | 07/28/26 STRENGTHENINGLONG-TERM POSITIONING Eurosatory in Paris “Enabling Mission Readiness“ PALFINGER is positioning itself as a solutions provider at Eurosatory The situation in the Middle East impacted performance in the first half of 2026 Revenue: EUR 1,165.6 million EBIT: EUR 84.1 million Neues Foto Major orders amounting to more than EUR 100 million secured in first half year 2026 PALFINGER is a reliable strategic partner PRESENTATION OF RESULTS FIRST HALF YEAR 2026 EMEA Sales and Service Conference Positive atmosphere and strong resonance around newly presented products Neues Foto
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SERVICE SALES & SEGMENT
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NAVIGATING A FRAGMENTED MARKET 6PALFINGER | 07/28/26SEGMENT SALES & SERVICE | PRESENTATION OF RESULTS FIRST HALF YEAR 2026 EMEA − Strong momentum in Southern Europe − Northern Europe improved − No impact from German infrastructure package yet NAM − Tariffs weighing on demand − Profitability under pressure − Challenging and turbulent environment LATAM − Volatile environment in Argentina and Brazil − Overall stable performance APAC − No recovery signals from China − India remains key growth driver MARINE − Strong offshore wind and cruise business − Consistently solid order intake − Decline in services due to Middle- East-Escalation CIS − Further downturn in Russia − No positive profit contribution from CIS
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SLIGHT INCREASE IN REVENUE 7 SERVICE SHARE DRIVEN DOWN BY THE WAR IN MIDDLE EAST PALFINGER | 07/28/26SEGMENT SALES & SERVICE | PRESENTATION OF RESULTS FIRST HALF YEAR 2026 In EUR million 1st HY/2024 1st HY/2025 1st HY/2026 ∆ % External revenue 1,045.5 1,026.5 1,053.4 +2.6% EBITDA 132.9 115.3 103.0 -10.7% EBIT 122.7 104.5 86.9 -16.8% EBIT margin 11.7% 10.2% 8.3% – In EUR million 1st HY/2024 1st HY/2025 1st HY/2026 ∆ % Order book 1,085 974 973 -0.1% Service revenue share 17.8% 18.7% 17.1% –
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OPERATIONS SEGMENT
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UNDERUTILIZATION IN THE U.S. AND CHINA CAPACITY INCREASED IN EUROPE CAPACITY ADJUSTED TO REGIONAL MARKET DEVELOPMENTS 9PALFINGER | 07/28/26 OUTPUT REDUCED FURTHER IN CIS The plants in the European production network recorded slightly higher utilization. Soft demand is leading to weaker capacity utilization in the United States, while China continues to show no signs of sustained recovery. Low capacity utilization at the Russian plants. SEGMENT OPERATIONS | PRESENTATION OF RESULTS FIRST HALF YEAR 2026
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PRODUCTION FOR THIRD PARTIES - SLIGHT RECOVERY AT A LOW LEVEL 10PALFINGER | 07/28/26SEGMENT OPERATIONS| PRESENTATION OF RESULTS FIRST HALF YEAR 2026 In EUR million 1st HY/2024 1st HY/2025 1st HY/2026 ∆ % External revenue 73.2 66.3 73.5 +10.9% EBITDA 39.9 33.8 34.1 +0.9% EBIT 15.8 9.0 12.6 +40.0%
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OTHER SEGMENT NON REPORTABLE SEGMENTS
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MARKET AND REVENUE DECLINE IN TAIL LIFTS 12 IN THE U.S. AND GERMANY PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026SEGMENT OTHER NON REPORTABLE SEGMENTS | In EUR million 1st HY/2024 1st HY/2025 1st HY/2026 ∆ % External revenue 56.7 46.7 38.7 -17.1% EBITDA -16.4 -12.4 -3.8 +69.4% EBIT -26.4 -23.1 -15.4 +33.3%
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GROUP PALFINGER
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IMPACT OF IRAN WAR IN THE U.S., MIDDLE EAST 14 In accordance with IFRS, slight rounding differences possible. EMEA 63% NAM 23% APAC 5% LATAM 5% CIS 4% Revenue distribution by region HY1/2026 PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026PALFINGER GROUP | In EUR million 1st HY/2024 1st HY/2025 1st HY/2026 ∆ % Revenue 1,175.4 1,139.5 1,165.6 +2.3% EBITDA 156.4 136.7 133.3 -2.5% EBIT (operating result) 112.2 90.4 84.1 -7.0% EBIT margin 9.5% 7.9% 7.2% – Consolidated net result 68.3 50.1 48.0 -4.2% AND ASIA LEADS TO LOWER PROFITS
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FCF TARGET ABOVE EUR 100 MILLION FOR THE FULL YEAR 15 In accordance with IFRS, slight rounding differences possible. PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026PALFINGER GROUP | In EUR million 06/30/2024 06/30/2025 06/30/2026 EBTDA 134.8 118.7 120.1 +/- non-cash income from at-equity companies -6.5 -1.9 2.1 +/- change in working capital -57.7 -48.3 -45.8 +/- cash flow from tax payments -22.1 -11.4 -15.5 Cash flow from operating activities 48.6 57.1 60.9 +/- cash flow from investing activities -87.9 -42.3 -69.1 Cash flow after changes in working capital and investments -39.3 14.8 -8.2 +/- cash flow from interest on borrowings adjusted for tax expenditure 17.0 13.5 11.5 Free cash flow -22.4 28.3 3.3
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MASSIVE IMPROVEMENTIN BALANCE SHEET RATIOS 16 FOLLOWING PLACEMENT OF TREASURY SHARES - STRONG BALANCE SHEET STRUCTURE *) ROCE = Ratio of NOPLAT and average capital employed (reporting date of previous year to reporting date of this year) In accordance with IFRS, slight rounding differences possible PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026PALFINGER GROUP | In EUR million 06/30/2024 06/30/2025 06/30/2026 Equity 752.7 767.9 946.4 Equity ratio 34.3% 36.2% 43.6% Gearing 101.4% 89.6% 55.7% Net debt/EBITDA 2.53 2.67 1.98 ROCE*) 11.0% 8.5% 9.0%
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NET FINANCIAL IMPROVES 17 BY AROUND EUR 160 MILLION 1) Including EUR 74.0 million leasing liabilities according to IFRS 16 ( HY 2025: EUR 57.7 million) 2) Excluding foreign currency hedging costs. In accordance with IFRS, slight rounding differences possible. PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026PALFINGER GROUP | In EUR million 06/30/2024 06/30/2025 06/30/2026 Financial liabilities (FV)1) 831.2 749.9 596.3 Avg. interest debt2) 4.14% 3.46% 3.78% Avg. remaining term debt 3.79 years 3.16 years 3.05 years Net debt 763.3 687.7 526.7
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In response to the changed market environment, PALFINGER has launched a comprehensive efficiency program. EUR 25 million in structural costs are to be saved, and the cost base is to be kept stable in 2027 despite inflation and growth. This does not affect PALFINGER‘s capabilities to deliver on its 2030 growth targets. COMPREHENSIVE EFFICIENCY PROGRAM 18PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026 LAUNCHED TO INCREASE PROFITABILITY
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OUTLOOK
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20PALFINGER | 07/28/26 FOCUS FOR HY2 2026 IT’S ALL ABOUT EXECUTION HUNT FOR GROWTH Gain market share and consistently seize opportunities DRIVE SERVICE BUSINESS Push parts & service strategy PRESENTATION OF RESULTS FIRST HALF YEAR 2026 INCREASE EFFICIENCY Implement a cost-reduction program
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OUTLOOK Despite the volatile economic environment, PALFINGER is targeting for revenue and earnings above the previous year's levels, with the goal of delivering one of the best financial years in the company’s history. Due to the delayed economic recovery in key markets such as the U.S. and Germany, which is slower than expected, the financial targets set for 2027 (revenue 2.7 billion EUR, EBIT margin 10% and ROCE more than 12%) will be reached later than planned. The financial targets for 2030 remain unchanged. *)Experience shows that deviations in earnings figures from the previous year or from analysts' estimates are more pronounced in Q1 or Q2, as individual effects have a stronger percentage effect on the lower base, without this resulting in a deviation from the communicated guidance for the full year. PALFINGER | 07/28/26 21PRESENTATION OF RESULTS FIRST HALF YEAR 2026
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ACHIEVING OUR AMBITIOUS FINANCIAL TARGETS 2030 22 More than EUR 3 billion Revenue through organic growth 15% ROCE 12% EBIT margin #1 FOR CRANE AND LIFTING SOLUTIONS WITH "REACH HIGHER" PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026
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GROWTH TRENDS SUPPORT THE REALIZATION Modernization of infrastructure Increased defense spending Electrification Urbanization Growing demand for service Logistics efficiency Digitalization of fleet operations 23PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026 OF THE FINANCIAL TARGETS FOR 2030 INFRASTRUCTURE & DEFENSE ELECTRIFICATION & URBAN TRANSFORMATION PRODUCTIVITY & SERVICE
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PALFINGER IS FULLY COMMITTED TO CREATING 24 SUSTAINABLE SHAREHOLDER VALUE EQUITY STORY: WHAT MAKES US UNIQUE A TECHNOLOGY AND INDUSTRY LEADER RESILIENCE GROWTH Significant potential for increased profitability through digitalization, standardization, and footprint optimization EARNINGS POTENTIAL Momentum in Europe, focus on growth markets, NAM, APAC, and MARINE, as well as the service segment PALFINGER creates added value for its customers every day with smart lifting solutions Broad product portfolio, global presence, industry diversity, and consistent implementation of local value creation PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026
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LIFETIME
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APPENDIX
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FOR EVERY CUSTOMER NEED WE HAVE A SOLUTION Loader Cranes Timber and Recycling Railway Systems Hookloaders Skiploaders Service Cranes Truck Mounted Forklifts Aerial Work Platforms Tail Lifts Marine Cranes Offshore Cranes Wind Cranes Winches, Lifting and Handling Equipment Boats and Davits Digital Solutions Slipway Systems 27PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026
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RESILIENCE THROUGH INDUSTRY DIVERSITY PALFINGER | 07/28/26 28PRESENTATION OF RESULTS FIRST HALF YEAR 2026 18% INFRASTRUCTURE 14% MARINE 11% TRANSPORT & LOGISTICS11% BUILDING CONSTRUCTION 11% PUBLIC SECTOR & RAILWAY 11% WASTE MANAGEMENT 9% FORESTRY 8% PRIVATE HOUSING 7% RENTAL More industries. More opportunities.
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29PALFINGER | 07/28/26 Service Recovery EMEA AWP TMF mainly NAM APAC LATAM MARINE & Defense MAIN CONTRIBUTORS TO REVENUE GROWTH MAIN DRIVERS OF REVENUE GROWTH IN THE STRATEGY 2030+ PRESENTATION OF RESULTS FIRST HALF YEAR 2026
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PROFITABILITY IMPROVEMENT 30PALFINGER | 07/28/26PRESENTATION OF RESULTS FIRST HALF YEAR 2026 EXPANSION, GROWTH AND EFFICIENCY GAINS Service Recovery EMEA Footprint & Efficiency Optimisation AWP TMF mainly NAM APAC LATAM Marine & Defense