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Half-Year Results Fiscal Year 2025 November 4, 2025, Winterthur, Switzerland
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The contents of this document, including all statements made therein, are based on estimates, assumptions and other information currently available to the management of Burckhardt Compression. This document contains certain statements related to the future business and financial performance or future events involving Burckhardt Compression that may constitute forward-looking statements. The forward-looking statements contained herein could be substantially impacted by risks, influences and other factors, many of which are not foreseeable at present and/or are beyond Burckhardt Compression’s control, so that the actual results, including Burckhardt Compression’s financial results and operational results, may vary materially from and differ from those, expressly or implicitly, provided in the forward-looking statements, be they anticipated, expected or projected. Burckhardt Compression does not give any assurance, representation or warranty, expressed or implied, that such forward-looking statements will be realized. Further, any reference to past performance is not necessarily a guide to the future. Except as required by law, Burckhardt Compression is under no obligation to, and explicitly disclaims any obligation to, update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise. This document, including any and all information contained therein, is not intended as, and may not be construed as, an offer or solicitation by Burckhardt Compression for the purchase or disposal of, trading or any transaction in any Burckhardt Compression securities. Investors must not rely on this information for investment decisions and are solely responsible for forming their own investment decisions. The information and material provided in this document are intended for information purposes only and do not constitute a prospectus pursuant to the Swiss Financial Services Act (as amended) or the laws of any other jurisdiction or any other type of offering document. 24 November 2025 Half-Year Results Fiscal Year 2025 Disclaimer
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3 Agenda 4 November 2025 Half-Year Results Fiscal Year 2025 1 Key Highlights and Market Developments 04 2 Operational Review 11 3 Financial Review 18 4 Outlook 22
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Key Highlights and Market Developments 4 November 2025 Half-Year Results Fiscal Year 2025 4 Fabrice Billard CEO
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5 1Prior year numbers are restated for PoC accounting to enable comparison with the year under review 4 November 2025 Half-Year Results Fiscal Year 2025 Successful backlog delivery and sustained value creation in a challenging market environment zzz zzz Order intake reflects market uncertainties Sales supported by large order backlog EBIT margin driven by sales mix RONOA further enhanced FY 2025 guidance MRP guidance 2027 1HY FY 2025 12.7% 1HY FY 2024 13.4%1 -0.7pp change 1HY FY 2025 516.2 1HY FY 2024 502.11 +2.8% change 1HY FY 2025 400.7 1HY FY 2024 615.2 -34.9% change Sales ~CHF 1’200 EBIT margin 12-15% On track Sales ~CHF 1’100 EBIT margin similar to FY24 On track 1HY FY 2025 36.2% 1HY FY 2024 32.4%1 +3.8pp change Financials (in mn CHF) z 1HY FY 2025 48.7 1HY FY 2024 49.1 -0.9% change Net income stable
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6 Macroeconomic environment marked by US tariff uncertainty and currency fluctuations Macro- economic backdrop 4 November 2025 Half-Year Results Fiscal Year 2025 Systems (USA contributing ~5% of Systems revenues in past 5 years on average) • Projects under execution not affected by tariffs • New potential projects partially affected (39% tariff Switzerland and 50% India) • Mitigated via sourcing of materials and auxiliaries in EU/US Services (USA contributing ~15% of Services revenues in past 5 years on average) • Largest part of Service business is local value added • Tariffs passed on to customers for spare parts imported to USA • Mitigated via ACT acquisition (local spare parts manufacturing capabilities) • Deferred investment decisions from customers due to global uncertainties, esp. April-July 2025 • Swiss Franc appreciated significantly vs important currencies: 9.5% vs USD, 12.9% vs INR, 7.8% vs CNY • FX transaction effects mitigated via increased local content and cost reduction measures • Most markets affected by deferred investment decisions • Global Systems markets most affected: signs of recovery in September o China strongly affected by tariff uncertainty in the Petrochemical segment • Global Service markets: Slow Q1. Catch-up in Q2 o US Service market developing well, supported by energy requirements Status update Direct tariff impact on US business GDP Interest rates Inflation FX End markets / Geographies
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China facing overcapacity & tariff uncertainty for imports & exports Deferred decisions on new EVA/LDPE plants & Middle East projects India growing Trends across segments and regions 74 November 2025 Half-Year Results Fiscal Year 2025 1HY FY 2025 market trends Most markets negatively affected by global tariff uncertainties Deferred project decisions globally No new polysilicon plant due to remaining overcapacity Middle-East/Africa very active Biogas applications gaining traction CCUS project pipeline further developing Continuing at low level New small project for industry decarboniza- tion & trailer-filling picking up A few larger projects advancing but slowly due to uncertainties on off-takers & electricity prices Pipeline lively for LNG tankers & bunker vessels, albeit some decisions deferred. High vs low pressure uncertainty remains Continuous activity across LNG import terminals LPG tankers remain at good level, albeit lower vs record prior year Increased investment in new traditional refineries or capacity extensions following a couple of low years SAF & e-fuels continue to progress Gas Transport & Storage Petrochemical/ Chemical Industry H2 Mobility & Energy Industrial Gas Refinery Gas Gathering & Processing
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Resilient set-up Additional measures under wayAcceleration of MRP initiatives1 1Started early 2025 84 November 2025 Half-Year Results Fiscal Year 2025 Mitigating actions in place to strengthen resilience, including acceleration of existing MRP initiatives and further targeted actions • Targeted cost reduction measures in certain countries and functions • Workload-based reduction of external & temporary workers • Global restrictions for new hires • Simplification of global functions in Systems Division • Large order backlog • Diverse end markets • Resilient Service business • Global footprint with local value-added • Operational excellence • Value engineering • Increase of local value-added • Growth initiatives
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Improved access to US downstream customers Provides recip parts manufacturing capabilities Enhances retro-engineering capabilities (esp. OBC) Mitigates tariff-related impact • In Batavia, Illinois: new customer base in the fertilizer industry • In Pasadena, Texas: workshop located close to key downstream customers for better responsiveness • Machine park includes >10 CNC1 machines • Capability to produce/repair large parts for reciprocating compressors • Already starting to produce for BC USA • Capability to redesign and improve parts • Large collection of drawings for all brands • Enhances capability to produce locally • Reduces need to import spare parts from Switzerland and exposure to US tariffs on Swiss imports 9 ACT: Advanced Compressor Technology; 1Computer Numerical Control (CNC), including CNC vertical mills, CNC turning centers and CNC vertical lathes Acquisition of ACT Enhances US market access and local parts manufacturing capabilities 4 November 2025 Half-Year Results Fiscal Year 2025 ACT to contribute in the high-single digit million range (CHF) to revenue on a full-year basis
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10 1Excl. Shenyang foundry, where we rely on renewable grid electricity or technological developments to achieve our ambitions. 2Executed or in pipeline. 3Lockout/Tagout (LOTO) training for energized machinery. Sustainability roadmap Continuous progress in 1HY FY 2025 and well on track for FY 2027 targets 8 material topics in our sustainability roadmap 4 November 2025 Half-Year Results Fiscal Year 2025 Climate 50% CO2 emission intensity1 n/a • Extension of smart environmental monitoring in India • Steady improvements driving energy savings Energy >75% renewable electricity n/a • New solar capacities initiated in service sites • Purchasing of green electricity for production site in India Longevity/ Cyclability +100% revamp/ upgrade growth n/a • 75+ new upgrade & revamp projects2 with potential for improved energy efficiency or emission reduction Application purpose 40% OI supporting energy transition n/a • Growing investment in low-carbon fuel infrastructure • LNGM dual-fuel application remains strong Working conditions >4.0 engagement score n/a • Intensified training on career development discussions • Multilingual webinars/expert-led workshops Health & safety <0.7 LTIR 0.3 On track • Expanded safety trainings for high-risk equipment3 • Mobile risk assessment tool for field service staff Product safety 0 incidents 0 On track • Extended test procedure for high-pressure hydrogen • Enhanced protection feature for hyper compressors Business conduct 0 incidents 0 On track • Refined global policy for engaging sales partners • Expanded data privacy training program for key functions FY 2027 target Status Progress in 1HY FY 2025
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Operational Review 4 November 2025 Half-Year Results Fiscal Year 2025 11 Fabrice Billard CEO
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12 1Prior year numbers are restated for PoC accounting to enable comparison with the year under review 4 November 2025 Half-Year Results Fiscal Year 2025 Key figures - Systems Division Systems Division Sales and profitability growth; markets affected by geopolitics and US tariffs In mn CHF 1HY FY 2025 1HY FY 2024 Change Order intake 245.5 452.8 -45.8% Sales 377.3 335.91 +12.3% Gross profit 79.8 65.71 +21.4% In % of sales 21.1% 19.6%1 +1.5pp EBIT 38.6 32.51 +18.9% In % of sales 10.2% 9.7%1 +0.5pp • Order intake down 45.8% (-42.9% net of FX translation effects) o Market uncertainty, mainly driven by US tariffs • Sales up 12.3% (+16.8% net of FX translation effects) o Continued strong operational delivery on order backlog following high order volumes in past three years • Gross profit +21.4% o Higher sales volume and favorable product mix • EBIT +18.9% o Double-digit EBIT margin for the first time since creation of the Systems division in 2016 o Higher sales and gross margin o Strict cost management o Leverage on SG&A expenses
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13 1Switzerland Systems Division Systematic progress on all four pillars in 1HY FY 2025 4 November 2025 Half-Year Results Fiscal Year 2025 Strengthen core business • Strengthening competitive position for Hyper Compressors with partial localization in China • Intensified sales coverage Western Europe, USA, Middle East (new office in Abu Dhabi) Operational excellence • Margin increase & additional capacity supported by Fit4Growth program1 • Value engineering program delivering product cost reductions • Expansion of Global Service Center in India to >270 FTE Transform & build new growth avenues • First references won for Ammonia bunker ship • Geographical coverage expanded, e.g., Oman, Saudi Arabia, the Caribbeans, Indonesia & South America Enhance business foundations • Enhanced global standards for safety rolled out Progress towards our strategic objectives
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14 ICV: In country value Systems Division In-country value secures major order for ammonia export terminal 4 November 2025 Half-Year Results Fiscal Year 2025 Ta’ziz Industrial Chemicals Zone Abu Dhabi, UAE Key project in Abu Dhabi BC-offered solution Key success factors • Ammonia storage project, cornerstone for hydrogen-based energy • Cryogenic storage in two large tanks • 1mn tons of blue ammonia per year, incl. CCUS from steel plant • Complete boil-off gas reliquefaction system • Compressors: 3x Laby® 4K165-3 • Automated plant control enabled by PROGNOST®-NT • Understanding local requirements (ICV) and opening of a new office in Abu Dhabi • Cross-functional and regional collaboration; leveraging existing local Services Division resources to enable Systems Division Laby® 4K165-3 x3
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154 November 2025 Half-Year Results Fiscal Year 2025 Key figures - Services Division Services Division Margin expansion in challenging environment • Order intake down by 4.4% (+0.9% net of FX translation effects) o Negative impact from closure of 3 service centers in USA in Aug 2024 (non-profitable mid-stream business) o Global uncertainty triggered by US tariffs in Q1, signs of recovery in Q2 o Europe at a low level o APAC stable in local currencies o Positive momentum in downstream US business, driven by growing economy and LNG exports to Europe • Sales decreased by 16.4% (-11.6% net of FX translation effects) o Lower order intake in Q4 FY 2024 due to the closure of 3 service centers in USA and slow start into FY 2025 on global uncertainty from US tariffs o H2 expected to be stronger following order recovery in Q2 FY25 • Gross margin up 1.1pp o Positive effects from the closure of 3 service centers in USA at the end of 1HY FY 2024 o Favorable product mix • EBIT margin increased to 23.9% o Higher gross margin o Strict cost management o Lower SG&A costs In mn CHF 1HY FY 2025 1HY FY 2024 Change Order intake 155.2 162.3 -4.4% Sales 138.9 166.2 -16.4% Gross profit 66.4 77.6 -14.3% In % of sales 47.8% 46.7% +1.1pp EBIT 33.2 39.4 -15.7% In % of sales 23.9% 23.7% +0.2pp
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16 Services Division Systematic progress on all four pillars in 1HY FY 2025 4 November 2025 Half-Year Results Fiscal Year 2025 Strengthen core business • Acquisition of ACT in USA • New Service Centers in Pottstown (USA), Sarnia (Canada) & Bahia (Brazil) Operational excellence • Upgraded valve manufacturing in Switzerland • Expanded bearing manufacturing in France (SAMR) • Further progress with global component production center (India) Transform & build new growth avenues • First orders for newly launched digital products Up! Insight, Up! Detect • Launch of Predictive Intelligence module with Prognost NT® • BC ACTIVATE surveys expanded to consult on energy efficiency & safety Enhance business foundations • Continued to increase safety culture awareness with global standards • Mental health programs in first locations • Good progress on new global ERP platform Progress towards our strategic objectives
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17 NT Predictive Intelligence overview Customer benefits • Enables condition-based compressor maintenance • Supports repair planning • Extends safe operation window (availability) Business model • Software as a Service with recurring service fees • Increasing loyalty for traditional services • Addressable market 1’000+ machines Early success System architecture 1BC European Patent EP 4 369 127 A1 Predictive Maintenance Solution for Industrial Systems – An unsupervised approach based on Log Periodic Power Law. Data Science. 2025;8(1) 4 November 2025 Half-Year Results Fiscal Year 2025 Services Division PROGNOST®-NT Predictive Intelligence calculates remaining useful lifetime Compressor #16 compressors configured for testing Existing machine monitoring & protection system Software features: Real-time calculation Component remaining lifetime Projection of safe operation Service action recommendation AI / Machine learning1 Cloud computing
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Financial Review 4 November 2025 Half-Year Results Fiscal Year 2025 18 Rolf Braendli CFO
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In mn CHF 1HY FY 2025 1HY FY 2024 Change Order intake 400.7 615.2 -34.9% Sales 516.2 502.11 +2.8% Gross profit 146.2 143.31 +2.0% In % of sales 28.3% 28.5%1 -0.2pp SG&A expenses -63.4 -63.5 0.0% R&D expenses -15.2 -13.8 +9.7% Other operating income -2.1 1.1 EBIT 65.5 67.01 -2.3% In % of sales 12.7% 13.4%1 -0.7pp EBT 63.5 64.91 -2.2% Income tax expenses -14.8 -15.81 -6.1% Net income incl. minorities 48.7 49.11 -0.9% Thereof minorities 0.0 0.0 EPS 14.40 14.501 -0.7% 19 1Prior year numbers are restated for PoC accounting to enable comparison with the year under review 4 November 2025 Half-Year Results Fiscal Year 2025 Reported results Group financials Further growth of sales, stable net income • Order intake down 34.9% (-31.3% net of FX translation effects) o Due to market uncertainties and currency translation effects • Sales up 2.8% (+7.4% net of FX translation effects) o Driven by high Systems order volumes over past three years • Gross margin slightly lower by 0.2pp o Increased gross margin in both divisions o Lower at Group level due to higher share of Systems in sales mix • SG&A at 12.3% of sales (1HY FY 2024: 12.6%) o Further leverage of structure • R&D 2.9% of sales (1HY FY 2024: 2.8%) o Focus on Marine, Hydrogen Mobility and Energy and Digital Solutions • EBIT down by CHF 1.5 mn o Mainly driven by higher R&D expenses and negative FX effects o Increased EBIT margin in both divisions, but higher share of Systems o Higher EBIT margin expected in H2, in line with guidance • Net Income on similar level vs 1HY FY 2024 o Marginally lower financial expenses o Tax rate at 23.3% (1HY FY 2024: 24.3%)
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204 November 2025 Half-Year Results Fiscal Year 2025 Cash flow statement Group financials Positive net financial position In mn CHF 1HY FY 2025 1HY FY 2024 Cash initial balance as of April 1 222.9 107.2 Cash Flow from Operating Activities (CFO) 30.3 64.5 Cash Flow from Investing Activities (CFI) -21.1 -10.9 Cash Flow from Financing Activities (CFF) -60.7 -35.6 Currency translation differences -11.7 -5.1 Cash position as of September 30 159.7 120.1 Borrowings -153.4 -186.3 Net financial position +6.3 -66.2 • CFO at CHF 30.3 mn o Positive development in A/R due to strong cash collection and a further increase in advance payments from customers o Overall, strong CFO in 1HY FY 2025, although below the significant improvement observed in the prior year period • CFI at CHF -21.1 mn o Maintenance CAPEX and IT investments o Acquisition of ACT in USA • CFF at CHF -60.7 mn o Dividend paid FY 2024 (CHF -60.8 mn) vs FY 2023 (CHF -52.5 mn) o 1HY FY 2024 included net increase of CHF 16.8 mn (cash in), mainly due to increase in bond from CHF 100 mn to CHF 150 mn • Currency translation differences o Significant translation effect of cash positions in subsidiaries in China and other locations outside Switzerland • Borrowings decreased and include a Bond of CHF 150 mn with a term until September 2028
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21 1Prior year numbers are restated for PoC accounting to enable comparison with the year under review 4 November 2025 Half-Year Results Fiscal Year 2025 Balance sheet Group financials Robust balance sheet In mn CHF 1HY FY 2025 1HY FY 2024 Property, plant & equipment 172.0 170.0 Inventories • Thereof WIP • Thereof adv. payments to suppliers 438.2 237.5 72.0 359.71 162.21 60.2 Trade receivables 270.9 360.9 Trade payables 150.8 137.6 Adv. payments from customers 363.6 248.9 Shareholders equity 303.8 286.31 Shareholders equity in % of balance sheet total 26.1% 25.7%1 Balance sheet total 1’166.1 1’112.51 • Property, Plant and Equipment stable • Balance between advance payments from customers, work in progress (WIP) and advance payments to suppliers at CHF +54.1 mn (1HY FY 2024: CHF +26.5 mn) • Trade receivables significantly reduced, despite higher sales compared to 1HY FY 2024 o Collection of CHF ~90 mn y-o-y o 37.8% of trade receivables overdue more than 90 days (1HY FY 2024: 27.1%), absolute amount stable on high level • Total equity increased to CHF 303.8 mn (CHF +17.5 mn) • Equity ratio slightly higher, despite higher dividends paid in FY 2025 and significant negative FX translation effects on investments in subsidiaries
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Outlook 4 November 2025 Half-Year Results Fiscal Year 2025 22 Fabrice Billard CEO
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Strong order backlog provides visibility Uptick in Systems customer activity in September Mitigation measures in place to adapt to market conditions Continued progress on strategic objectives 23 FY 2025 outlook On track to reach FY 2025 guidance 4 November 2025 Half-Year Results Fiscal Year 2025 Sales ~CHF 1.1 bn EBIT margin Similar level to FY 2024 Stronger profitability in H2 vs H1 FY 2025 guidance
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24 1Especially middle-class Mid-term outlook Global megatrends continue to underpin our Mid-Range Plan trajectory 4 November 2025 Half-Year Results Fiscal Year 2025 Growing global population1 Energy security Energy transition • Growing infrastructure for energy availability and investment to transport and trade energy • Growing share of natural gas in energy mix • New sustainable energy infrastructure • Monitoring and upgrade of older installations • Increased need/demand for chemical products, polymers and industrial gases • Rising transport and global trade and growing energy requirements
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254 November 2025 Half-Year Results Fiscal Year 2025
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• ACT • AI • BC • CCUS • CMD • ERP • EVA • FSRU • FTE • FY • HME • LDPE Advanced Compressor Technology Artificial intelligence Burckhardt Compression Carbon capture, utilization, and storage Capital markets day Enterprise resource planning Ethylene-vinyl acetate Floating storage regasification unit Full-time employee Fiscal year Hydrogen mobility and energy Low-density polyethylene • LNG • LPG • MRP • OBC • OEM • PCI • PE • PP • RONOA • SAF • SERV • SYST Liquefied natural gas Liquefied petroleum gas Mid-range plan Other brand compressor Original equipment manufacturer Petrochemical industry Polyethylene Polypropylene Return on net operating assets Sustainable aviation fuel Services Division Systems Division 264 November 2025 Half-Year Results Fiscal Year 2025 Glossary