Slides
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Half-year results 2026 Media and analyst webcast 218 August 2026 | Half-year media and analyst webcast 2026
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Agenda Overview H1/2026 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2026 Urs Ryffel (CEO) Q&A 318 August 2026 | Half-year media and analyst webcast 2026
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Increase in order intake and sales in H1/2026 H1/2026 H1/2025 Δ % Order intake 542.8 516.6 5.1 Net sales 457.4 445.9 2.6 Operating profit (EBIT) as % of net sales 41.2 9.0 45.0 10.1 (8.4) Net income as % of net sales 34.9 7.6 36.6 8.2 (4.6) 4 MCHF Key aspects • Continued strong book-to-bill rate of 1.19 (PY 1.16) • High order backlog of CHF 516.7 million as of 30 June • Net sales up 2.6%, mostly driven by development in Industry segment – organic growth of 6.0% • Operating profit declined by 8.4% due to upfront investment in OCS ramp-up • EBIT margin down 110 basis points 18 August 2026 | Half-year media and analyst webcast 2026
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Industry records strong growth overall H1/2026 H1/2025 Δ % Order intake 241.8 170.7 41.7 Net sales 189.4 155.1 22.1 Operating profit (EBIT) as % of net sales 37.1 19.6 26.2 16.9 41.4 5 MCHF Key aspects • Momentum further accelerated, with double-digit growth in order intake, net sales and EBIT • Result driven primarily by strong demand in Aerospace & Defense and Test & Measurement, with niche markets also contributing • Order intake up 41.7% year-over- year, while sales increased by 22.1% • Strong book-to-bill rate of 1.28 • EBIT margin climbed by 270 basis points 18 August 2026 | Half-year media and analyst webcast 2026
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Key aspects • Order intake decreased by 30.0% amid weaker demand in traditional communication end markets • Net sales fell by 14.1%, however first contribution from OCS in Data Center growth initiative • Book-to-bill rate of 1.06 and strong order backlog • Upfront investments in OCS ramp-up weighed on profitability, resulting in negative EBIT margin Communication sees profitability impacted by OCS ramp-up 6 MCHF H1/2026 H1/2025 Δ % Order intake 140.0 200.2 (30.0) Net sales 132.4 154.1 (14.1) Operating profit (EBIT) as % of net sales (1.0) (0.8) 12.3 8.0 (108.2) 18 August 2026 | Half-year media and analyst webcast 2026
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Transportation increases order intake and margin 7 H1/2026 H1/2025 Δ % Order intake 161.0 145.8 10.4 Net sales 135.6 136.8 (0.9) Operating profit (EBIT) as % of net sales 12.2 9.0 11.5 8.4 6.3 MCHF Key aspects • Order intake rose 10.4% thanks to demand in Rail Communications and Electric Vehicle growth initiatives • Automotive generally saw slight recovery in business volumes, while dynamic in Railway was mixed • Net sales overall almost on par with prior-year level • Profitability improved, with EBIT margin up 60 basis points 18 August 2026 | Half-year media and analyst webcast 2026
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Net sales shift to EMEA, as APAC and Americas decrease 8 0 50 100 150 200 250 300 EMEA Americas Asia-Pacific 60%21% 19% EMEA Americas Asia-Pacific H1/2026 +13.3% -4.4% -15.6% H1/2025 H1/2026 MCHF 18 August 2026 | Half-year media and analyst webcast 2026
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Agenda Overview H1/2026 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2026 Urs Ryffel (CEO) Q&A 918 August 2026 | Half-year media and analyst webcast 2026
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Record order backlog at the end of H1/2026 177 230 247 214 195 323 320 272 291 432 517 0 100 200 300 400 500 600 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1/2026 10 MCHF 18 August 2026 | Half-year media and analyst webcast 2026
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521.0 387.0 516.6 515.4 542.8430.6 463.3 445.9 418.2 457.4 0% 2% 4% 6% 8% 10% 12% 0 100 200 300 400 500 600 H1/24 H2/24 H1/25 H2/25 H1/26 Order intake Net sales EBIT-margin MCHF Topline grows while EBIT margin decreases amid OCS ramp-up 1118 August 2026 | Half-year media and analyst webcast 2026
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516.6 81.2 -51.0 13.9 -17.9 542.8 H1/2025 Industry Communication Transportation FX, copper & portfolio H1/2026 0 100 200 300 400 500 600 700 Factors impacting order intake MCHF +5.1% Organic: +8.5% -3.4% 1218 August 2026 | Half-year media and analyst webcast 2026
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445.9 42.4 -13.8 -2.0 -15.1 457.4 H1/2025 Industry Communication Transportation FX, copper & portfolio H1/2026 0 100 200 300 400 500 600 Factors impacting net sales MCHF +2.6% Organic: +6.0% -3.4% 1318 August 2026 | Half-year media and analyst webcast 2026
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Gross margin declines due to Communication segment 14 156 160 168 159 167 36.2% 34.6% 37.7% 38.1% 36.6% 0% 10% 20% 30% 40% 0 50 100 150 200 H1/2024 H2/2024 H1/2025 H2/2025 H1/2026 Gross profit Gross margin MCHF 18 August 2026 | Half-year media and analyst webcast 2026
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Slight increase of operating expenses 15 61.9 65.1 65.7 60.5 65.8 28.3 27.8 31.5 30.0 32.6 25.7 23.6 28.2 26.0 30.4 26.9% 25.2% 28.1% 27.8% 28.2% 0% 10% 20% 30% 0 50 100 150 H1/2024 H2/2024 H1/2025 H2/2025 H1/2026 S&M R&D Admin in % of net sales MCHF 18 August 2026 | Half-year media and analyst webcast 2026
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MCHF EBIT decline caused by Communication segment 18 August 2026 | Half-year media and analyst webcast 2026 16 45.0 10.9 -13.3 0.7 -2.1 41.2 H1/2025 Industry Communication Transportation Corporate H1/2026 0.0 10.0 20.0 30.0 40.0 50.0 60.0 EBIT bridge 10.1% 16.9% 8.0% 8.4%9.0% 19.6% -0.8% 9.0% -5% 0% 5% 10% 15% 20% 25% Total Industry Communication Transportation EBIT margin H1/2025 H1/2026
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-1.8 -1.2 1.0 0.8 -2 -1 0 1 2 H1/2025 H1/2026 Net currency effects Other financial result Lower FX losses lead to better financial result 17 MCHF -0.8 -0.4 18 August 2026 | Half-year media and analyst webcast 2026
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Reduced tax rate thanks to geographic mix 18 19.4% 18.1% 17.0% 14.4% 0% 5% 10% 15% 20% 25% H1/2025 H1/2026 Expected tax rate Effective tax rate 18 August 2026 | Half-year media and analyst webcast 2026
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Increase in balance sheet due to higher net working capital MCHF 30.06.2026 31.12.2025 Δ % 30.06.2025 Cash and cash equivalent / marketable securities 146 211 (31) 178 Other current assets 435 337 29 351 Non-current assets 327 319 3 310 Financial liabilities 0 0 0 Other liabilities 237 192 23 200 Equity* 672 675 0 639 In % 74% 78% 76% Balance sheet total 908 867 5 839 Net liquidity 146 211 (31) 178 19 *thereof minority interest 2 1 1 18 August 2026 | Half-year media and analyst webcast 2026
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Rise in net working capital impacts free cash flow 20 MCHF H1/2026 H1/2025 Cash flow from operating activities 2.9 63.3 Cash flow from investing activities (excl. marketable securities) (28.1) (28.0) Free operating cash flow (25.2) 35.3 Dividend payment (36.9) (35.1) Dividend payment to minorities 0.0 (0.9) Change in treasury shares (3.2) (1.5) Free cash flow (65.3) (2.1) 18 August 2026 | Half-year media and analyst webcast 2026
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Financial assessment H1/2026 21 • Record order intake and order backlog • Organic growth in sales • Improved EBIT margins in Industry and Transportation segments • EBIT margin in Communication segment impacted by OCS ramp-up cost • Negative free operating cash flow • FX development 18 August 2026 | Half-year media and analyst webcast 2026
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Agenda Overview H1/2026 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2026 Urs Ryffel (CEO) Q&A 2218 August 2026 | Half-year media and analyst webcast 2026
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Highly attractive markets across all three segments 23 Industry Communication Transportation Rail Communications Rolling Stock Advanced Driver Assistant System Electric Vehicle Data Center Mobile Network Fixed Access Network Aerospace & Defense Test & Measurement High Power Charging CEM Components General Industrial Growth initiative Growth initiative Growth initiative Growth initiative 18 August 2026 | Half-year media and analyst webcast 2026
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Market outlook in Industry • Aerospace & Defense continues to benefit from elevated defence spending, while commercial satellite and “New Space” programmes support demand for communication solutions; increasing cross- technology offering creates opportunities • Test & Measurement supported by rising test needs from digitalisation and data center-related applications such as transceivers; further drivers include increasing frequencies, bandwidths and data rates, growing lab automation • High Power Charging with slower dynamic at present, but long- term trend remains intact, as build-out of fast charging infrastructure is required to facilitate higher EV adoption • General Industrial supported by differentiated long-term niche applications linked to electrification, renewable energy and quantum computing 24 General Industrial Aerospace & Defense Test & Measurement High Power Charging 18 August 2026 | Half-year media and analyst webcast 2026
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Acquisition of Ingun announced in July 25 PCB & electronic test Connector test Wire harness test Battery cell contacting Multiple applications • Ingun is a leading provider of high-precision test and electrical contacting solutions • Headquartered in Constance (Germany), with more than 400 employees worldwide, production sites in Europe and Asia, and global sales and service network • Sales in 2025 were in the high double-digit million range • Adds complementary technology to HUBER+SUHNER’s test and measurement offering and broadens access to existing and adjacent markets • Enhances capability to provide end-to-end testing solutions and high frequency, digital and energy applications • Portfolio includes spring-loaded test probes, test fixture kits and accessories for customisation 18 August 2026 | Half-year media and analyst webcast 2026
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Market outlook in Communication • Data Center benefits from AI-driven investments in data centre infrastructure, rapidly growing data traffic, and expanding cloud and co-location markets – OCS becoming important enabling technology • Fixed Access Network and Mobile Network expected to remain weak following peak 5G and fiber roll-outs; however, long-term drivers such as data traffic growth, bandwidth demand, network densification and future 6G evolution remain intact • CEM Components benefits from increasing data rates, growing demand for optical transceivers and continued innovation in WDM technologies, supporting next-generation network infrastructure 26 Fixed Access Network Data Center CEM Components Mobile Network 18 August 2026 | Half-year media and analyst webcast 2026
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Market outlook in Transportation • Electric Vehicle adoption in the commercial space gradually progressing – long-term growth supported by economical viability, regulatory requirements and the continued roll-out of charging infrastructure • Advanced Driver Assistance System (ADAS) remains longer- term growth opportunity amid increasing vehicle automation • Rolling Stock benefits from growing capacity needs and investments in new fleets and retrofits, as well as demand for advanced onboard power and data transmission solutions • Rail Communications supported by higher demand for passenger connectivity, train-to-ground communication and train control systems 27 Rail Communications Rolling Stock Electric Vehicle Advanced Driver Assistance System (ADAS) 18 August 2026 | Half-year media and analyst webcast 2026
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Outlook Guidance confirmed for full-year 2026 • Through its diversified portfolio, HUBER+SUHNER is well-positioned to benefit from key global megatrends such as electrification, artificial intelligence and security • Acquisition of Ingun starts to contribute as of fourth quarter 2026 • Strong book-to-bill and order backlog in first half provide promising foundation for remainder of the year • For full-year 2026, the company continues to expect organic sales growth of at least 10% and an EBIT margin between 10.5% and 12.0%, which represents the upper half of the mid-term target range of 9–12% • The guidance assumes that key influencing factors such as inflation, exchange rates, economic developments, and geopolitical conflicts do not excessively impact business operations 2818 August 2026 | Half-year media and analyst webcast 2026
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Financial calendar 29 Figures are available online at www.hubersuhner.com/en/company/investors/publications Capital Market Day 2026 (Pfäffikon ZH) 18.09.2026 Order intake and net sales 2026 (9 months) 20.10.2026 Order intake and net sales 2026 (12 months) 21.01.2027 Annual Report 2026 16.03.2027 Media and analyst conference and webcast 16.03.2027 Annual General Meeting (Rapperswil SG) 07.04.2027 18 August 2026 | Half-year media and analyst webcast 2026
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Agenda Overview H1/2026 Urs Ryffel (CEO) Financial results Richard Haemmerli (CFO) Outlook 2026 Urs Ryffel (CEO) Q&A 3018 August 2026 | Half-year media and analyst webcast 2026
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Q&A 3118 August 2026 | Half-year media and analyst webcast 2026
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Connecting – today and beyond
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Disclaimer This document is for presentation purposes only. It contains certain forward-looking statements including, but not limited to, those using the words “believes”, “assumes”, “expects” or formulations of a similar kind. Such forward-looking statements are made on the basis of assumptions and expectations that the company believes to be reasonable at this time, but may prove to be erroneous. Such statements are subject to known and unknown risks and uncertainties. The actual results of HUBER+SUHNER may differ materially from those anticipated in forward-looking statements and outlook. The company is making great efforts to include accurate and up-to-date information; however, no representations or warranties are made, expressed or implied, as to the accuracy or completeness of the information provided in this handout, and the company disclaims any liability for the use of it. 3318 August 2026 | Half-year media and analyst webcast 2026