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NORMA GROUP Q2 2026 Results MAINTAL , August 11 , 2026 24 NORMA GROUP
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2 Disclaimer This presentation contains forward-looking statements on the business development of NORMA Group SE that are based on management’s current assumptions and judgments regarding future events and results. All statements in this presentation other than statements of historical fact could be forward-looking statements. Forward-looking statements generally are identified by words such as 'anticipates,' ‘believes,’ ‘estimates,’ ‘assume,’ ‘expects,’ ‘forecasts,’ ‘intends,’ ‘may,’, ‘could’ or ‘should,’ ‘will’, ‘continue,’ ‘future,’ opportunity,’ ‘plan,’ and similar expressions. Forward-looking statements are based on assumptions relating to the development of the economic, political and legal environment in individual countries, economic regions and markets, and in particular for the machine industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of publication. Forward-looking statements are neither historical facts nor assurances of future performance. Because forward-looking statements relate to the future, they are inherently subject to known and unknown risks, uncertainties and other factors that are difficult to predict and out of our control. The financial position and profitability of NORMA Group SE and developments in the economic and regulatory environments may vary substantially (particularly on the down side) from those explicitly or implicitly assumed or described in these forward-looking statements. This presentation may include statistical and industry data provided by third parties. Any such data is taken or derived from information published by industry sources that NORMA Group SE believes to be credible and is included in this presentation to provide information on trends affecting the industry in which the NORMA Group SE operates. NORMA Group SE has not independently verified the third-party data, and makes no warranties as to its accuracy or completeness. The information in this presentation and any other material discussed verbally in connection with this presentation, including any forward-looking statements, is current only as of the date that it is dated or given. The Company disclaims any obligation to revise or update any such information for any reason, except as required by law. To the maximum extent permitted by law, neither NORMA Group SE nor any of its affiliates or their respective directors, officers, employees, consultants, agents or representatives shall be liable for any direct or indirect loss or damage whatsoever arising from any use of this presentation or otherwise arising in connection with it. ‘NewNORMA’ reflects the continuing operations in accordance with IFRS, while ‘Former NORMA’ includes both continuing and discontinued operations in accordance with IFRS.
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3 Demand remains mixed Industry Applications offsets softer Mobility & New Energy demand. Cost discipline lifted profitability; positive net cash position Q2 2026 milestones | Execution on NewNORMA priorities ENVIRONMENT 3.6% Adjusted EBIT Margin EUR 2.3m transformation contribution to Adj. EBIT Transformation Cost discipline drives NewNORMA Sales push Major orders across Industry Applications and MNE ACTIONS RESULTS & OUTLOOK Up to additional €208m shareholder return FY 2026 Outlook confirmed
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4 NewNORMA Transformation: delivering on our commitments 2026 priorities progressing as planned with focus on Restructuring, Footprint and Sales Push Restructuring • Simplified organization designed • SG&A efficiencies being delivered • Performance orientation introduced Footprint • Lean plant and site structure advancing • Targeted operational and structural measures underway Sales push • Order-intake initiatives activated • Plant utilization improving • Customer focus strengthened • Target costing rolled out Growth • Explore opportunities in higher value and growth markets • Selective inorganic investment to complement core business
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5 Organization simplification on track • On track to reduce up to 400 positions globally, as announced • Voluntary leaver program in Germany completed Performance orientation introduced • End to End Business Ownership Through Strategic Business Units • Higher Plant Utilization Supporting Margin and Pricing Competitiveness Measurable benefits delivered • Approx. EUR 6.1m Adj. EBIT contribution in H1 2026 FY 2026 expected Transformation benefits on Adj. EBIT 3.8 2.3 Q1 2026 Q2 2026 H2 2026eFY 2026e Delivering on our transformation commitments EUR 15m
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6 IA Sales Push delivers new orders across attractive growth markets NORMA “Quad Cable Cleat” enables secure cable management in high- density electrical installations Industry Applications expands in data centers, sustainable energy and infrastructure-markets representing > EUR 3bn. Multiple new orders secured in Malaysia, Thailand and Australia, including follow-on projects and additional data-center phases. Scope spans electrical connection and cable management as well as battery energy storage systems (BESS) and backup-power infrastructure. The wins demonstrate successful execution of the strategic pillar Sales Push and strengthen Industry Applications in structurally growing markets.
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7 Record project win strengthens NORMA Group’s position in advanced thermal management for future vehicle platforms. Approx. EUR 157m in lifetime sales over 10 years, with an 80/20 mix of extension and new business, secured with a leading global automotive customer in Europe. More than 100 thermal management system variants will serve future vehicle platforms and be produced at NORMA Group’s site in Serbia. The win demonstrates successful execution of the Sales Push - combining engineering expertise, customer proximity and an efficient manufacturing footprint. MNE Sales Push secures record EUR 157m lifetime order
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8 Q2 2026: transformation delivers a profitability step-up Adjusted EBIT more than triples to EUR 7.6m; margin expands 2.5pp to 3.6% Net Sales EUR 211.8m -0.6% YoY (+0.1% YoY on comp. FX basis) Adjusted EBIT* EUR 7.6m +225.2% YoY Adjusted EBIT Margin* 3.6% +2.5pp YoY Net Operating Cash Flow EUR 6.6m -79.1% YoY 211.8 213.1 Q2 2026 Q2 2025 7.6 2.3 Q2 2026 Q2 2025 3.6% 1.1% Q2 2026 Q2 2025 6.6 31.6 Q2 2026 Q2 2025 * For the adjustments, see slide 14. New (Q2 2026) & Former NORMANewNORMA NewNORMANewNORMA
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9 H1 2026: profitability recovery keeps FY expectations on track Adjusted EBIT reaches EUR 14.0m; margin expands 2.8pp to 3.3% Net Sales EUR 420.5m -3.2% YoY (-0.6% YoY on comp. FX basis) Adjusted EBIT* EUR 14.0m +563.9% YoY Adjusted EBIT Margin* 3.3% +2.8pp YoY Net Operating Cash Flow EUR -13.1m -137.8% YoY 420.5 434.3 H1 2026 H1 2025 14.0 2.1 H1 2026 H1 2025 3.3% 0.5% H1 2026 H1 2025 -13.1 34.7 H1 2026 H1 2025 * For the adjustments, see slide 14. Former NORMANewNORMA NewNORMANewNORMA
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10 213.1 +0.1 213.2 -1.4 211.8 Q2 2025 Volume & Price Impact Q2 2026 comp. FX Currency impact Q2 2026 Q2 2026 Top Line Development Net sales slightly up by YoY volume increase Net Sales Bridge in EUR million NewNORMA incl. EUR 4.7m TSA specific sales to ADS
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11 147.2 -5.4 141.8 -0.5 141.3 Q2 2025 Volume & Price impact Q2 2026 comp. FX Currency impact Q2 2026 65.9 +5.5 71.4 -0.9 70.6 Q2 2025 Volume & Price impact Q2 2026 comp. FX Currency impact Q2 2026 Strong IA performance offsets softer M&NE demand Q2 2026 Net Sales Breakdown by Strategic Business Units Industry Applications Net Sales Bridge (in EUR million) Mobility & New Energy Net Sales Bridge (in EUR million) Net Sales: +7.0% YoY; Q2 2026 includes EUR 4.7m Net Sales from TSA specific sales to ADS Volume & Price impact: +8.4% YoY driven by strong business in Americas and APAC. Currency impact: -1.3% YoY Net Sales: -4.0% YoY Volume & Price impact: -3.7% YoY reflecting softer automotive demand, particularly in APAC and EMEA. Currency impact: -0.3% YoY NewNORMA NewNORMA
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12 2.4% 5.8% Q2 2025 Q2 2026 30.4 28.5 7.9% 8.3% Q2 2025 Q2 2026 117.5 112.9 -1.5% 2.2% Q2 2025 Q2 2026 Mixed regional demand, improved profitability across all regions Q2 2026 Net Sales and Adj. EBIT Margin by Region * For the adjustments, see slide 14. Regional Adjusted EBIT margins based on total segment sales (incl. sales between segments) and excluding central costs of EUR 1.8m. AMERICAS EMEA APAC Net Sales +8.0% YoY (+10.0% YoY on comp. FX) Adjusted EBIT* Margin +3.4pp YoY TSA specific sales to ADS (Q2 2026): EUR 4.7m Net Sales and EUR 0.9m Adj. EBIT Net Sales -3.9% YoY (-3.4% YoY on comp. FX) Adjusted EBIT* Margin +3.7pp YoY Net Sales -6.1% YoY (-7.8% YoY on comp. FX) Adjusted EBIT* Margin +0.4pp YoY Net Sales (in EUR million) and Adjusted EBIT Margin (in %)* NewNORMA 65.2 70.4
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13 Q2 2026 Adjusted EBIT Development Lower Material and Personnel Costs enable margin uplift Adjusted EBIT Bridge in EUR Millions and % of Net Sales Transformation program with an overall positive net contribution of EUR 2.3m. 2.3 +1.3 +1.7 +1.5 +0.2 -0.1 +0.8 7.6 1.1% 3.6% Adj. EBIT Q2 2025Volume & Price Material Costs Personnel Costs Other OPEX D&A FX Adj. EBIT Q2 2026 NewNORMA
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14 H1 2026 Operational Adjustments and Outlook FY 2026 in EUR million Reported Adjustments H1 2026 Adjusted Adjustments FY 2026 Net Sales 420.5 — 420.5 EBITDA 32.5 4.2 • adjustments for transformation severance & project costs 36.7 approx. 24.0 • accelerated transformation severance & projects costs, partly pulled forward from 2027 EBITDA margin 7.7% 8.7% EBIT 7.2 6.7 • as above • EUR 2.6 million amortization PPA 14.0 approx. 29.0 • as above • EUR ~5 million amortization PPA EBIT margin 1.7% 3.3% Net Profit -0.3 5.3 • incl. EUR -1.4 million tax impact 5.0 Net Profit margin -0.1% 1.2% EPS (in EUR) -0.01 0.17 0.16 NewNORMA
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15 Reported Net Operating Cashflow reflects absence of Water Management contribution Q2 2026 Cash Flow Development 19.1 -5.7 -6.8 6.6 Adj. EBITDA Q2 2026 Trade Working capital* Investments from operating business (CAPEX) Net Operating Cash Flow Net Operating Cash Flow in EUR million * Includes effects of supply chain financing programs (Factoring, ABS and Reverse Factoring Programs) of EUR 33.7m in Q2 2026 (EUR 47.2m in Q2 2025). For further details on Trade Working Capital, see slide 26. NewNORMA
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16 304 +57 361 -4 -208 -91 Net Cash per June 30, 2026 Short term depositsNet Cash incl. short term deposits per June 30, 2026 Dividends to be paid Share Buyback II WM-related tax payments Expected Net Cash per Dec 31, 2026 FY2026 NewNORMA Pro-Forma Net Debt (Cash) Expected Net Cash YE 2026 in EUR million Expected at around EUR 70m to 90m at year-end, reflecting SBB II and WM-related tax payments around 70 to 90
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17 FY 2026 Outlook FY 2025 Actuals Net Operating Cash Flow Net Sales Adjusted EBIT margin Outlook FY 2026 confirmed EUR 821.7m EUR 95.8m Growth in the range of around 0% to 2% In the range of around EUR 10m to around EUR 20m 0.8% In the range of around 2% to 4% Mid-term Target Vision will be provided with Strategy Update on October 19, 2026 Focus on profitability as well as quality of sales
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THANK YOU! Any Questions?
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19 Investor Relations Contact & Events Calendar Event Date Strategy Update October 19, 2026 Interim Report Q3 2026 November 3, 2026 Contact Pia-Maria Goerner, Director Investor Relations, Corporate Communications & Sustainability Phone: +49 173 317 97 39 Mail: pia-maria.goerner@normagroup.com
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Appendix
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21 Key Assumptions for Outlook 2026 Topline drivers Cashflow drivers • Outlook for key customer markets: ◦ Vehicle production: PC -0.4% YoY; CV +0.3% YoY1 ◦ Mechanical engineering: flat (+/-0%)2 ◦ Construction: Moderate growth: Europe +2%3, USA +1%4 • Outlook includes net sales of approx EUR 11m from business between IA and ADS in 2026 • Assume stable geopolitical impact (e.g. tariffs, supply chain interruptions) • Lower Net Op. Cashflow compared to FY 2025 (Former NORMA) from NewNORMA Operations following closing of WM sale • Assume lower absolute effects from supply chain financing programs following discontinuation of WM6 • Cash-related expenses from 2025 transformation costs Bottom-line drivers FX assumption • Base effect from approx. EUR 16m (non-adjusted) one-off costs in FY 20255 • Incremental effects of positive EUR 15m from transformation program (2025: EUR 4.5m) • Continued personnel cost inflation • Stable energy & raw material prices • Outlook for Net Sales, Adjusted EBIT Margin and Net Operating Cash Flow is based on stable FX rates (2026 average FX rate in line with 2025: EUR/USD 1.13, EUR/CNY 8.12) 1 S&P Global Mobility 2 VDMA 3 Euroconstruct / ifo Institut 4 FMI 5 EUR 16m one-offs including CEO change, Maintal D365 Implementation and Cyber-related costs 6 Supply chain financing programs (Factoring, ABS and Reverse Factoring Programs) of EUR 47.2m in FY2025 Assuming no major macro deterioration
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22 Outlook FY 2026 - Additional Housekeeping Items * 2025 supply chain financing programs (Factoring, ABS and Reverse Factoring Programs) of EUR 47.2m represented 4.4% of Former NORMA FY 2025 Net Sales of EUR 1,082.8m Transformation Costs D&A and Capex PPA amortization • Approx. EUR 24m P&L-effective transformation costs expected (to be adjusted) • Approx. EUR 15-20m cash-out related to transformation expected • Both approx. 5% of Net Sales • Approx. EUR 5m expected (to be adjusted) Supply Chain Financing Trade Working Capital • Lower in absolute terms as result of WM divest • Approx 3% to 4% of Last Twelve Months Net Sales* • Broadly stable as % of Net Sales (FY 2025: 20.4%) Interest Income Cash taxes • Positive Interest Income of approx. EUR 5m (net 1.5m) as result of Net Debt Free position, depending on interest rate development • Approx. EUR 10m
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23 Q2 2026 Profit & Loss Statement (NewNORMA) in EUR million and % Adjusted* Reported Q2 2025 Q2 2026 Q2 2025 Q2 2026 Net Sales 213.1 211.8 213.1 211.8 Gross Profit Gross Profit Margin 117.6 119.6 117.6 119.6 55.2% 56.4% 55.2% 56.4% Personnel Costs in % of sales -70.1 -69.1 -70.5 -70.8 32.9% 32.6% 33.1% 33.4% Other operating income and expenses in % of sales -33.8 -31.4 -35.2 -33.3 15.9% 14.8% 16.5% 15.7% EBITDA in % of sales 13.6 19.1 11.9 15.5 6.4% 9.0% 5.6% 7.3% EBITA in % of sales 3.3 8.4 1.4 4.6 1.6% 4.0% 0.7% 2.2% EBIT in % of sales 2.3 7.6 -0.8 2.7 1.1% 3.6% -0.4% 1.3% Financial Result -4.4 2.2 -4.4 2.2 Profit before Tax -2.1 9.8 -5.2 4.9 Taxes -3.8 -5.9 -3.1 -4.8 Net Profit -5.9 4.0 -8.4 0.1 * For further details of the adjustments, see slide 14
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24 H1 2026 Profit & Loss Statement (NewNORMA) in EUR million and % Adjusted* Reported H1 2025 H1 2026 H1 2025 H1 2026 Net Sales 434.3 420.5 434.3 420.5 Gross Profit Gross Profit Margin 237.9 237.4 237.9 237.1 54.8% 56.5% 54.8% 56.4% Personnel Costs in % of sales -144.0 -138.5 -144.4 -142.1 33.2% 32.9% 33.2% 33.8% Other operating income and expenses in % of sales -69.1 -62.2 -70.8 -62.6 15.9% 14.8% 16.3% 14.9% EBITDA in % of sales 24.9 36.7 22.7 32.5 5.7% 8.7% 5.2% 7.7% EBITA in % of sales 4.0 15.6 1.5 11.1 0.9% 3.7% 0.3% 2.6% EBIT in % of sales 2.1 14.0 -3.0 7.2 0.5% 3.3% -0.7% 1.7% Financial Result -9.0 0.1 -9.0 0.1 Profit before Tax -6.9 14.1 -12.0 7.3 Taxes -7.5 -9.1 -6.1 -7.6 Net Profit -14.3 5.0 -18.1 -0.3 * For further details of the adjustments, see slide 14
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25 Jun 30, 2026 Balance Sheet* in EUR million Jun 30, 2025 Jun 30, 2026 in EUR million Jun 30, 2025 Jun 30, 2026 Assets Equity and liabilities Non-current assets Equity Goodwill / Other intangible assets / Property, plant & equipment 803.6 411.0 Total equity 648.4 820.9 Non-current and current liabilities Other (non-)financial assets / Contract assets / Derivative financial assets / Deferred- and income tax assets 18.7 19.5 Retirement benefit obligations / Provisions 26.3 40.3 Borrowings and other financial liabilitiesTotal non-current assets 822.3 430.5 406.8 78.5 Current assets Other non-financial liabilities 47.3 42.3 Inventories 199.2** 147.9 Contract liabilities 0.5 0.7 Other non-financial / other financial / derivative financial / income tax assets 38.2 86.5 Lease liabilities 38.0 29.0 Tax liabilities and derivative financial liabilities 40.2 104.2 Trade and other receivables 183.4** 153.4 Trade payables 146.2** 114.8 Cash and cash equivalents 110.5 412.4 Total current assets 531.3 800.2 Total liabilities 705.2 409.8 Total assets 1,353.6 1,230.7 Total equity and liabilities 1,353.6 1,230.7 Former NORMA * Water Management was divested on February 2, 2026. Prior-year figures include the Water Management business and have not been restated (IFRS 5); therefore, balance sheet figures are not directly comparable. ** Trade Working Capital items as of Jun 30, 2025, before reallocation in discontinued operations
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26 Jun 30, 2026 Trade Working Capital Development Trade Working Capital increased from EUR 167.6 million to EUR 182.9 million due to higher Trade Receivables. Trade Working Capital Ratio (as % of NewNORMA LTM Net Sales***) at 22.6% per Jun 30, 2026. Supply Chain Financing Programs** (in EUR million) 47.2 33.7 Supply Chain Financing Programs*** Jun 30, 2025 Jun 30, 2026 Supply Chain Financing Programs (SCF) reduced by around EUR 14 million mainly due to WM divestment. This represents 4.2% of NewNORMA LTM Net Sales*** per Jun 30, 2026. Expected FY 2026 level of SCF for continuing operations 3-4% of Net Sales *** NewNORMA LTM (Last Twelve Months) Net Sales of EUR 807.9 million per Jun 30, 2026; prior- year LTM NewNORMA base not available due to WM divestment and change in reporting perimeter Trade Working capital incl. Supply Chain Financing Programs* (in EUR million) 148.4 147.9 140.2 153.4 (121.0) -114.8 Inventories Trade receivablesTrade accounts payable Jun 30, 2025 Jun 30, 2026 * including non cash-effective additions to finance leases ** including Factoring, ABS and Reverse Factoring Programs NewNORMA
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27 Net Operating Cash Flow and External Free Cash Flow in EUR million Q2 2025 Q2 2026 Variance H1 2025 H1 2026 Variance (Adjusted) EBITDA 38.5 19.1 -50.4% 64.3 39.8 -38.1% Δ ± Trade working capital 1.4 -5.7 n/a -13.1 -39.3 200.0% Net operating cash flow before investments from operating business 39.9 13.4 -66.4% 51.2 0.5 -99.0% Δ ± Investments from operating business -8.3 -6.8 18.1% -16.5 -13.6 -17.6% Net Operating Cash Flow 31.6 6.6 -79.1% 34.7 -13.1 -137.8% Payments for interest -2.4 -0.2 -91.7% -7.3 -5.5 -24.7% Payment for Tax -7.5 -71.0 n/a -12.2 -76.6 n/a Proceeds from/Repayments for derivatives -0.3 0.1 -120.4% 0.1 1.4 n/a External Free Cash Flow 21.4 -64.5 n/a 15.3 -93.8 n/a Q2 2026 & H1 2026 Cash Flow Development Former NORMA * Variance greater than 200% not reported.