Slides
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H1 FY 2026 Earnings Presentation Peter Mainz | Chief Executive Officer Davinder Athwal | Chief Financial Officer October 29, 2026
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2 | © Landis+Gyr 2026 | H1 FY 2026 Results Disclaimer Forward-looking Information This presentation includes forward-looking information and statements, including statements concerning the outlook for Landis+Gyr Group AG and its affiliates, together referred to as Landis+Gyr Group, and hereinafter as “Landis+Gyr”. These statements are based on current expectations, estimates and projections about the factors that may affect Landis+Gyrʼs future performance, including global economic conditions, and the economic conditions of the regions and industries that are major markets for Landis+Gyr. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects”, “believes”, “estimates”, “targets”, “plans”, “outlook” “guidance” or similar expressions. There are numerous risks, uncertainties and other factors, many of which are beyond Landis+Gyrʼs control, that could cause Landis+Gyrʼs actual results to differ materially from the forward-looking information and statements made in this presentation and which could affect Landis+Gyrʼs ability to achieve its stated targets. The important factors that could cause such differences include, among others: possible effects of pandemics, global shortage of energy or supplied components as well as increased freight rates, duties, taxes or tariffs, business risks associated with the volatile global economic environment and changing political conditions, including wars or military actions; market acceptance of new products and services; changes in governmental regulations, applicable laws or jurisprudence and currency exchange rates; estimates of future warranty claims and expenses and sufficiency of accruals; and other such factors as may be discussed from time to time in Landis+Gyr Group AG filings with the SIX Swiss Exchange. Although Landis+Gyr Group AG believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved. Landis+Gyr Group AG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law or the rules of the SIX Swiss Exchange. Alternative Performance Measures This presentation and information referred to herein contains (a) preliminary, unaudited numbers that may be subject to change and (b) information regarding alternative performance measures or non USGAAP measures, such as “Adjusted Gross Profit”. Reconciliations and definitions of these measures may be found in the ‘Supplemental Reconciliations and Definitions’ section on pages 29 to 30 of the Landis+Gyr Half-Year Report 2026, on the website at www.landisgyr.com/investors/results-center. Due to rounding, the numbers presented may not add up to the totals provided.
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3 | © Landis+Gyr 2026 | H1 FY 2026 Results Update on Key Strategic Initiatives ▪ Successfully closed divestiture of EMEA business in April 2026 ▪ Hosted Capital Markets Day in June 2026 in New York, introducing new segment structure and mid-term targets through 2028 ▪ Enhanced the leadership team by appointing seasoned executives to lead the two newly created business segments ▪ Continued progress in preparations toward a potential U.S. listing while retaining the Swiss listing ▪ Returned $162.7 million to shareholders in H1 as we concluded the share buyback ahead of schedule - repurchased 10% of share capital within 12 months
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4 | © Landis+Gyr 2026 | H1 FY 2026 Results Highlights H1 FY 2026 ▪ Major contract award post H1 close in October 2026 resulting in $509 million order intake ▪ Net revenue 6.3% lower in-line with expectations driven by project transition timing ▪ Record Adjusted Gross Margin of 37.7% highlights operating efficiencies and favorable mix ▪ Strong cash generation and continued focus on net working capital management ▪ Narrowing FY 2026 revenue range and raising EBITDA margin guidance Order Backlog $3,722m (6.5%) vs Sept-25 Net Revenue $501.4m (6.3%) vs H1 FY25 EPS $1.84 +263% Y/Y Op. Cash Flow $74.0m +220% Y/Y Adjusted EBITDA $73.9m 14.7% Margin Adj. Gross Profit $189.2m 37.7% Margin
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5 | © Landis+Gyr 2026 | H1 FY 2026 Results Order Intake and Backlog – H1 FY 2026 ▪ Contract award in October 2026 of $509 million ▪ Backlog of ~$3.7 billion of which 44% is Grid Intelligence ▪ Strong pipeline activity with positive momentum centered around Grid Edge solutions $ in millions Order Intake Backlog 71 116 523 221 H1 FY2025 H1 FY2026 594 337 509 Contract AwardConnected Platforms Grid Intelligence 1’643 1’620 2’337 2’101 1 2 3Sep 30, 2025 Sep 30, 2026 3,980 3,722 Connected Platforms Grid Intelligence 509 846 4,230 42% 6% Contract Award
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6 | © Landis+Gyr 2026 | H1 FY 2026 Results Q2 FY 2026 Results Order Intake $170.3m TTM Book-to-Bill: 0.8x Q2 FY25: $422.4m Revenue $269.2m (6.0%) Y/Y Q2 FY25: $286.2m Adj. Gross Margin 38.0% +460 bps Y/Y Q2 FY25: 33.4% ▪ Record gross margin quarter in Q2 driving adjusted gross profit up +6.8% year-over-year − reflecting operational efficiencies and favorable product mix shift within Connected Platforms
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7 | © Landis+Gyr 2026 | H1 FY 2026 Results H1 FY 2026 Results Revenue $501.4m (6.3%) Y/Y H1 FY25: $535.3m Adj. Gross Margin 37.7% +370 bps Y/Y H1 FY25: 34.0% Adj. EBITDA Margin 14.7% +140 bps Y/Y H1 FY25: 13.3% ▪ Record gross margin driving gross profit up 4.0% year-over-year − reflecting operational efficiencies within Connected Platforms ▪ H1 Adjusted EBITDA margin improved 140 basis points from operating leverage on gross profit growth ▪ Absolute Adjusted EBITDA growth of 3.5%
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8 | © Landis+Gyr 2026 | H1 FY 2026 Results ▪ Revenue decline driven by timing of project deployments ▪ Margin expansion driven by operational efficiencies and customer mix Order Intake $220.9m TTM Book-to-Bill: 0.6x H1 FY25: $523.3m Revenue $363.7m (9.3%) Y/Y H1 FY25: $401.1m Adj. Gross Margin 36.9% +810 bps Y/Y H1 FY25: 28.8% H1 FY 2026 Results: Connected Platforms
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9 | © Landis+Gyr 2026 | H1 FY 2026 Results ▪ Revenue growth driven primarily by increasing installed Revelo base ▪ ARR of $223 million - 8% annualized growth ▪ Gross margin impacted by one-time revenue mix in Q2 Order Intake $116.4m TTM Book-to-Bill: 0.8x H1 FY25: $70.8m Revenue $137.7m +2.6% Y/Y H1 FY25: $134.2m Adj. Gross Margin 40.0% (600 bps) Y/Y H1 FY25: 46.0% H1 FY 2026 Results: Grid Intelligence
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10 | © Landis+Gyr 2026 | H1 FY 2026 Results Net debt and leverage, March 31, 2026* Operating cash flow Capex Returned to shareholders Dividend $41.5 + Shares Repurchased $121.2 Other changes, net Net debt and leverage, Sept. 30, 2026 Strong cash generation supported shareholder returns $198.9 (74.0) 13.7 162.7 54.3 $258.1 0.9x 1.5x $ in millions Net Debt and Leverage Net debt / trailing twelve months Adjusted EBITDA Net proceeds from EMEA divestment (97.5) * Does include Adjusted EBITDA for EMEA business
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11 | © Landis+Gyr 2026 | H1 FY 2026 Results FY 2026 Net Revenue Narrowing guidance to $1.085⎯$1.115 billion from $1.075⎯$1.125 billion FY 2026 Adjusted EBITDA Margin Raising guidance to 15.0%⎯16.0% from 14.5%⎯15.5% of net revenue Updating 2026 Guidance
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12 | © Landis+Gyr 2026 | H1 FY 2026 Results MSD revenue growth, margin expansion, and strong cash generation drive superior shareholder returns Revenue CAGR Gross Margin (%) Adj. EBITDA CAGR Adj. EPS CAGR MSD ~35%+ 2X Revenue CAGR >5X Revenue CAGR Connected Platforms LSD to MSD ~30% Grid Intelligence >10% ~50% FY2025 to FY2028 Mid-Term Targets through FY 2028
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Q&A
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14 | © Landis+Gyr 2026 | H1 FY 2026 Results Dates and Contacts Important Dates Contact Christian Waelti Head of Investor Relations & Corporate Communications Phone +41 41 935 6331 Christian.Waelti@landisgyr.com ir@landisgyr.com www.landisgyr.com/investors January 26, 2027 Q3 FY 2026 Trading Update May 5, 2027 FY 2026 Results May 28, 2027 Publication of Annual Report 2026 and Invitation to AGM 2027 June 23, 2027 Annual General Meeting July 28, 2027 Q1 FY 2027 Trading Update
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15 | © Landis+Gyr 2026 | H1 FY 2026 Results Consolidated Quarterly Results USD in millions Q1 2025 Q2 2025 H1 2025 Q3 2025 Q4 2025 H2 2025 FY 2025 Q1 2026 Q2 2026 H1 2026 Order intake 171.7 422.4 594.1 166.4 346.3 512.7 1,106.8 167.0 170.3 337.3 Order backlog 3,867.9 3,979.9 3,979.9 3,883.8 3,892.8 3,892.8 3,892.8 3,819.9 3,722.1 3,722.1 Net revenue 249.1 286.2 535.3 278.5 352.4 630.9 1,166.2 232.3 269.2 501.4 Adjusted Gross Profit 86.2 95.7 182.0 92.9 129.5 222.3 404.3 87.0 102.2 189.2 Adjusted Gross Profit % 34.6% 33.4% 34.0% 33.4% 36.7% 35.2% 34.7% 37.4% 38.0% 37.7% Adjusted Operating Expenses (110.6) (126.2) (236.8) (115.2) Adjusted EBITDA 71.4 96.1 167.5 73.9 Adjusted EBITDA % 13.3% 15.2% 14.4% 14.7% Operating income 36.8 58.6 95.4 89.6 EPS from continuing operations (diluted) 0.48 0.95 1.43 1.84
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16 | © Landis+Gyr 2026 | H1 FY 2026 Results Connected Platforms - Quarterly Results USD in millions Q1 2025 Q2 2025 H1 2025 Q3 2025 Q4 2025 H2 2025 FY 2025 Q1 2026 Q2 2026 H1 2026 Order intake 136.9 386.4 523.3 126.6 232.1 358.7 882.0 116.5 104.4 220.9 Order backlog 2,164.7 2,336.8 2,336.8 2,259.0 2,211.8 2,211.8 2,211.8 2,024.7 2,101.5 2,101.5 Net revenue 187.4 213.7 401.1 205.7 279.2 484.9 886.0 161.4 202.3 363.7 Adjusted Gross Profit 54.5 61.2 115.7 60.4 95.4 155.9 271.6 55.3 78.8 134.1 Adjusted Gross Profit % 29.1% 28.6% 28.8% 29.4% 34.2% 32.1% 30.7% 34.3% 38.9% 36.9%
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17 | © Landis+Gyr 2026 | H1 FY 2026 Results Grid Intelligence - Quarterly Results USD in millions Q1 2025 Q2 2025 H1 2025 Q3 2025 Q4 2025 H2 2025 FY 2025 Q1 2026 Q2 2026 H1 2026 Order intake 34.8 36.0 70.8 39.8 114.2 154.0 224.8 50.5 65.9 116.4 Order backlog 1,703.2 1,643.1 1,643.1 1,624.8 1,681.0 1,681.0 1,681.0 1,795.2 1,619.8 1,619.8 Net revenue 61.7 72.5 134.2 72.8 73.2 146.0 280.2 70.9 66.8 137.7 Adjusted Gross Profit 28.3 33.4 61.7 30.3 34.5 64.8 126.5 31.7 23.4 55.1 Adjusted Gross Profit % 45.9% 46.0% 46.0% 41.6% 47.1% 44.4% 45.1% 44.7% 35.0% 40.0%
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18 | © Landis+Gyr 2026 | H1 FY 2026 Results Adjustments to EBITDA USD in millions H1 2025 H2 2025 H1 2026 Change vs H1 2025 Reported EBITDA 64.8 85.4 114.5 76.8% Adjustments 6.6 10.7 (40.6) n/m Restructuring Charges 3.1 2.1 1.1 (62.9%) Timing Differences on FX Derivatives 0.1 (0.1) - n/m Transformation expenses 3.4 8.7 5.1 49.1% Tariff Refunds - - (46.8) n/m Adjusted EBITDA 71.4 96.1 73.9 3.5% Adjusted EBITDA % 13.3% 15.2% 14.7% 140 bps