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б KSB KSB Earnings Call Half - Year Report 2026 August 6 , 2026 | KSB SE & Co. KGaA
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Agenda 1. Welcome 2. Financial Update HY 2026 3. Outlook & Summary 4. Q&A Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 2
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Welcome on behalf of the Board! K S B E AR N I N G S C AL L : H AL F- Y E A R R E P O R T 2 0 2 6 Background AI-generated Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 3
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This report contains forward-looking statements. These statements are based on the current estimates and forecasts of the Managing Directors and the information currently available to them. The forward-looking statements do not represent guarantees for the future developments and results they refer to. Rather, they depend on a variety of factors and include different risks and uncertainties, and are based on assumptions that might prove to be inaccurate. This presentation includes percentage and number rounding. The KSB Half-Year Report is available from today (8:30 CET) for download from our website. Disclaimer Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 4
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Financial Update HY 2026 2 Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 5
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EBIT reported: € 98.4 million EBIT Margin reported: 6.7% EBIT adjusted by special effects: € 94.0 million EBIT Margin adjusted: 6.4% KSB Group - Half-Year Highlights 2026 Sales revenue increased to€ 1,471 million compared to H1 2025 (+0.4%) Increase in Working Capital of € 85 million compared to December 31, 2025 Equity increased by € 45 million compared to December 31, 2025 due to: • Earnings after taxes of € 61 million • Dividend payments of € -53 million • OCI effects of € 37 million EBIT impacted by: • One-time effect from first-time consolidation of Saudi-Arabia of € 16.6 million • External SAP S/4HANA chargesof € 12.3 million Order intake increased to € 1,849 million compared to H1 2025 (+8.8%) Major order Energy Market of > € 150 million Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 6
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Performance of half-year financial indicators from 2024 to 2026 * w/o external SAP S/4HANA-charges (€ 12.3 million) & effect of first-time consolidation Saudi-Arabia (€ 16.6 million) * Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 7
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Strong Pumps business pushes order intake by 8.8% € 1,849 millions Order intake € millions H1 2026 H1 2025 Change (abs.) Change (rel.) Currency effects KSB Group 1,848.7 1,698.4 150.3 +8.8% -43.9 Pumps 1,095.4 940.8 154.6 +16.4% -23.0 Valves 213.2 225.4 -12.1 -5.4% -7.4 KSB SupremeServ 540.1 532.3 7.8 +1.5% -13.5 • Growth in Segment Pumps triggered by a major order for reactor coolant pumps in the Energy Market • KSB SupremeServ influenced by growth in Mining Market in spare parts business Order intake H1 2026 Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 8
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Order intake comparison Q1 & Q2 2026 Order intake € millions Q2 2026 Q1 2026 Change (abs.) Change (rel.) KSB Group 836.4 1,012.3 -175.9 -17.4% Pumps 462.3 633.1 -170.8 -27.0% Valves 101.8 111.5 -9.7 -8.7% KSB SupremeServ 272.3 267.8 4.5 +1.7% • Segment Pumps in Q1 2026 influenced by major order in Energy Market Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 9
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Sales revenue € millions H1 2026 H1 2025 Change (abs.) Change (rel.) Currency effects KSB Group 1,471.4 1,464.9 6.5 +0.4 % -36.7 Pumps 799.2 775.8 23.3 +3.0 % -18.8 Valves 195.8 200.7 -4.9 -2.4 % -5.8 KSB SupremeServ 476.4 488.4 -11.9 -2.4 % -12.0 € 1,471 million Sales revenue increases by 0.4% to € 1,471 million • Sales revenue in Building Services Market showed a growth rate of 9.5% • Segment Valves impacted by moderate decrease of the Project Business, but slight increase in Standard Markets • KSB SupremeServinfluenced by currency effects and decrease of spare parts sales in the Pumps Segment in Petrochemicals/Chemicals Market Sales revenue H1 2026 Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 10
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Sales revenue € millions Q2 2026 Q1 2026 Change (abs.) Change (rel.) KSB Group 759.7 711.8 47.9 +6.7% Pumps 409.6 389.6 20.0 +5.1% Valves 98.5 97.4 1.1 +1.2% KSB SupremeServ 251.6 224.8 26.8 +11.9% • Sales revenue increase in Q2 2026 in segment Pumps & especially KSB SupremeServ • Growth from Q1 to Q2 2026 similar to previous years Sales revenue comparison Q1 & Q2 2026 Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 11
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EBIT € millions H1 2026 H1 2025 Change (abs.) Currency effects KSB Group 98.4 108.0 -9.6 -2.9 Pumps 23.8 27.3 -3.5 -0.4 Valves -1.7 -3.5 1.9 0.0 KSB SupremeServ 76.2 84.2 -8.0 -2.5 EBIT Margin 6.7% 7.4% EBIT of € 98.4 million below PY € 98 million EBIT H1 2026 EBIT H1 2026 influenced by: • Margin pressure (competition, price pressure due to higher energy and logistical costs) • Lower utilization of production facilities in Q1 2026 EBIT adjusted: € 94.0 million | EBIT Margin adjusted: 6.4% Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 12
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EBIT adjusted by special effects € millions Q2 2026 Q1 2026 Sum KSB Group 64.5 29.5 94.0 Pumps 19.0 0.6 19.6 Valves -0.8 -0.4 -1.2 KSB SupremeServ 46.3 29.3 75.6 Significant improvement in EBIT in Q2 after adjustment by special effects • Improvement of EBIT due to revenue increased by € 48 million in Q2 compared to Q1 2026 in North America, India and Middle East / Africa • Improvement in EBIT in segment Pumps and KSB SupremeServ • EBIT Margin at KSB SupremeServ increased by 5 pp to 18.4% Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 13
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€ millions H1 2026 in % of total output of operations H1 2025 in % of total output of operations Sales revenue 1,471.4 1,464.9 Total output of operations 1,534.7 100.0 1,486.2 100.0 Other income 30.0 2.0 18.6 1.3 Cost of materials -627.0 40.9 -581.5 39.1 Staff costs -556.3 36.2 -536.2 36.1 Depreciation and amortisation expenses -50.8 3.3 -48.7 3.3 Other expenses -232.3 15.1 -230.4 15.5 EBIT 98.4 6.4 108.0 7.3 EBIT impacted by increase in cost of materials and staff costs • Material costs influenced by higher logistical and material costs and energy prices • Other income incl. effect from first-time consolidation of € 16.6 million • Other expenses incl. charges for external SAP S/4HANA implementation of € 12.3 million Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 14
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Increased cost of materials ratio due to higher costs Cost of materials ratio in H1 2026 impacted by: • Decrease of high-margin spare parts sales by € 19 million (-5.4%) • Higher energy and logistical expenses Total output of operations H1 2026: • Sales revenue: € 1,471 million • Changes in inventories: € +60 million • Work performed and capitalised: € +4 million Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 15
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Earnings after income taxes of € 60.7 million € millions H1 2026 H1 2025 Change (%) EBIT 98.4 108.0 -8.9 Finance income / expense -9.6 -4.0 136.6 EBT 88.8 104.0 -14.6 Taxes on income -28.1 -34.9 -19.3 EAT 60.7 69.1 -12.2 Tax ratio in % 31.7 33.5 Finance income decreased due to: • Full-consolidation of Saudi-Arabia instead of at-equity-consolidation • Lower interest income Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 16
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Finance income / expense and Taxes on income • Finance income: € 4.2 million (PY: € 6.3 million) • Finance expense: € 13.8 million (PY: € 12.5 million) • Interest expense for pensions: € 7.8 million (PY: € 7.8 million) • Effect hyperinflation IFRIC 7 (Turkey, Argentina): € 3.1 million (PY: € 2.8 million) • Interest expenses from lease liabilities: € 1.5 million (PY: € 1.2 million) • Income / expense from investments accounted for using the equity method: € 0.1 million (PY: € 2.2 million) • Tax ratio for 2026 is expected to be between 32% and 33% • Lower tax rate in H1 2026 due to tax-free gain recognized from the revaluation of shares in KSB Pumps-Arabia H1 2025 H1 2026
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€ millions 30 June 2026 in % of total assets 31 Dec. 2025 in % of total assets Change (abs.) Assets Non-current assets 1,018.0 34.3 969.2 33.6 48.8 Current assets 1,946.5 65.7 1,914.1 66.4 32.4 2,964.5 100.0 2,883.3 100.0 81.2 Equity and Liabilities Equity 1,436.0 48.4 1,391.2 48.3 44.7 Non-current liabilities 513.2 17.3 514.7 17.9 -1.5 Current liabilities 1,015.3 34.2 977.4 33.9 37.9 2,964.5 100.0 2,883.3 100.0 81.2 Increase in total assets due to higher Investments and Trade Working Capital
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Increase in Equity of € 45 million Equity increases slightly in the first half of the year: • Increase impacted by: • Earnings after taxes of € 61 million • Dividend payments of € -53 million • OCI currency translation effect of € 19 million • OCI pension effect of € 5 million • Other OCI effects of € 13 million Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 19
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Trade Working Capital remains below 30% of revenue • Increase in Trade Working Capital influenced by the following factors: • Inventories: + € 83 million • Trade receivables & contract assets: + € 54 million • Trade payables & contract liabilities: - € 52 million (thereof effect Saudi-Arabia in total: € 40 million) • Trade Working Capital Ratio increases to 29.7% Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 20
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€ millions H1 2026 H1 2025 Change (abs.) Cashflow from operating activities 24.8 42.7 -17.9 Cashflow from investing activities -73.4 -45.7 -27.7 Free Cashflow -48.6 -3.0 -45.6 Reduction of Free Cashflow * * Includes investments of € -13.2 million in financial assets ** Includes investments of € 11.2 million in financial assets ** • Lower cashflow from operating activities due to lower EBIT, first-time consolidation effect of Saudi-Arabia (€ 16.6 million) and changes in working capital • Cashflow from investing activities impacted by increase of at-equity-accounted companies (ai-omatic, ECOP, KSI-Group) and investments in property, plant & equipment Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 21
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Lower investments in H1 2026 € millions H1 2026 H1 2025 Change (abs.) Acquisitions 48.7 56.8 -8.1 Top 3 investments: • KSB SE & Co. KGaA: Planning new testing facility Frankenthal (Total of € 4.0 million) • KSB GIW, Inc.: New CNC-machine (Total of € 3.8 million) • KSB SE & Co. KGaA: Modernization large-part-manufacturing Pegnitz (Total of € 3.6 million) Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 22
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Net Financial Position - Increase in second half-year expected • Starting level as of 31.12.2025 € 55.6 million lower than in 2024 • Decrease in H1 2026 impacted mainly by dividend payment of € 53 million and increase in working capital € millions Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 23
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KSB SE & Co. KGaA: Market capitalisation > € 1.5 billion 30 June 2025 30 June 2026 Price per preference share in € 878 859 Price per ordinary share in € 890 930 Market capitalisation in € m 1,546 1,548 +2% -2% SDAX KSB share Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 24
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KSB holds its own in the first half of 2026 Order intake increases by 8.8% Sales revenue slightly higher than previous year EBIT reported of € 98.4 million (ROS 6.7%); EBIT adjusted amounts to € 94.0 million (ROS 6.4%) Stronger sales revenue, EBIT and Net Financial Position expected in second half of the year KSB confirms outlook for 2026 Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 25
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August 2026 for 2026 € millions Forecast 2026 Order intake 3,100 - 3,500 Sales revenue 2,900 - 3,200 EBIT 220 - 265 Outlook KSB confirms the outlook for Order intake, Sales revenue and EBIT for the Group. Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 26
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Outlook and Summary 3 Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 27
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Boundary Conditions 2025 Tariffs Economic downturns Development of interest rates Currency devaluation Decoupling Boundary conditions in Germany Logistical bottlenecks Conflicts and wars Sanctions Changing governments Supply bottlenecks Competition Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 28
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Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 29 Little! Same potpourri with new ingredients What has changed in 2026? Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 29
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Key sore spots 2026 Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 30 ▪ Iran War ▪ Slow down in China, promoting a focus on export ▪ Economic and political downturn in Europe ▪ Geopolitical fragmentation → Multitude of impacts / repercussions KSB Remedy: → Cost awareness, prudence, confidence, optimism
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Chances 2026 Power Generation Water & Wastewater Valve Profitability Expansion of Existing Business in Emerging Markets Data Center Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 31
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Way forward Resilience in the company strategy Flexibility in the company set-up Adaption of structural costs Focus on cost, liquidity, profit structures Use of AI & digital transformation Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 32
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Service orientation Back to profit project 2018 2019 2020 2021 KSB Voice CLIMB 21 KSB SupremeServ Employee satisfaction Customer focus Entrepreneurship Excellence 2023 Repositioning the brand KSB next level 2026 Structural costs Strategic Milestones Rebalancing Break - Even Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 33
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Summary Study the daily headlines Mobilize and adapt the organisation Lead with a longterm target Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 34
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Thank you for your attention! Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 35
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KSB Earnings Call: Half-Year Report 2026 Q & A Half-year Earnings Call I KSB SE & Co. KGaA I 06.08.2026 I 36