Slides
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Home of the iVario RATIONAL Wittenheim Capital Markets Day / 18 November 2025
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01 Welcome 02 Presentation: history of the iVario and Wittenheim 03 Company tour 04 Happy cooking incl. lunch 05 Presentation: iVario insights /functions and performance 06 Q&A / group picture / wrap-up Agenda
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History Invention of the FRIMAX The first multifunctional cooking appliance based on contact heat. Invention of the VarioCookingCenter FRIMA took over the distribution of combi- steamers for France. RATIONAL acquires FRIMA as a subsidiary, to strengthen the distribution network and drive innovation. 1980 1985 1992 2005 20251999 Invention of the Thermojet
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History Launch of the new iVario Pro Next level of productivity 1980 1985 1992 2005 2020 2021 2018 Ahead! FRIMA becomes RATIONAL Start of site extension works in Wittenheim Production of the 50,000th Vario
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Today 20252020 2021 RATIONAL Wittenheim Home of the iVario and the world- leading expert in contact heat.
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Old site New site RATIONAL Wittenheim Bird’s-eye view of Wittenheim
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RATIONAL Wittenheim Our location offers room for strategic growth Maximum capacity 75,000 units in total Extended capacity 50,000 units in total Current capacity 25,000 units Kitchen/ Restaurant TCs Admin: W, F Production & Logistics Admin Admin Admin Production & Logistics Production & Logistics
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RATIONAL Wittenheim More than a production site 1,250 T€ (800 kW) Sustainability investment in photovoltaic and latest technologies standards 100,000 m² Site area 10,000 m² Production floor 1,500 m² ~ 150 people Administration building ~350 people Company restaurant ~250 people Customer experience center
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RATIONAL Wittenheim We operate in full synergy with our iCombi product group. Supply Innovate DevelopProduce Innovate DevelopProduce Marketing & Sales Service Admin & Finance Spare Parts Human Resources Supply iVario Product Group iCombi product GroupShared Services Digital Customer Solutions
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iVario installed base 86,000 iVario worldwide North America 3,000 Europe 75,000 Asia North 4,000 Asia South 2,000 South America 2,000 as of 30 September 2025
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RATIONALWittenheim Let us now explore the foundation for the iVario future growth.
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iVario Pro Insights RATIONAL Wittenheim Capital Market Day / 18.11.2025
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Produce high quality food with consistency Competent staff and low turnover The challenges of a chef Stay profitable and competitive Ensure hygiene & energy efficiency
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Food quality and consistency Intelligent Assistance The solution Versatile and flexible Sustainable and efficient
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Food quality and consistency With its innovative technology, the iVario prepares high-quality meals quickly and with reliable results.
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Versatile and flexible The iVario combines boiling, braising, deep-frying, and pressure cooking in a single appliance — saving customers valuable space and ensuring flexibility. Multifunctional appliances vs. conventional kitchens
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Versatile and flexible The iVario combines boiling, braising, deep-frying, and pressure cooking in a single appliance — saving customers valuable space and ensuring flexibility. Multifunctional appliances vs. conventional kitchen
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Intelligent assistance Intuitive display, pre-installed cooking processes and access to Connected Cooking – the iVario is easy to operate, with a short training. Precise Exact time and temperature control Intuitive Easy to use with guiding processes Connected Online access with Connected Cooking
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>20% Reduced power peaks Sustainable and efficient The iVario lowers staff costs and improves working conditions while reducing food waste, water consumption and energy consumption. Results from the AXA Study (in Total) 47.9% Lower water consumption 24.1% Lower energy consumption 20.2% Lower connected load
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iVarioone-pan models replace tilt skillets, boiling kettles, deep fat fryers and pressure cookers.
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iVariotwo-pan models replace pots, pans, stoves, deep fryers, pressure-cookers and bain-maries.
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Watch movie
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iVario Our recipe for success Product leadership Marketing & sales leadership Partners leadership
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iVariomarket We currently supply 4% of the relevant kitchens worldwide. Commercial kitchens 19.8 Million Relevant kitchens 1.6 Million
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Relevant kitchens 1.6 Million 4% Competitors 4% Vario 92% Traditional appliances 1,600,000 kitchens ~65,000 supplied with iVario 1,535,000 kitchens are our servicable obtainable market. iVariomarket We currently supply 4% of the relevant kitchens worldwide.
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iVariogrowth potential We see positive growth trends across the globe. North America Europe Asia North Asia South Africa South America
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iVario The Game Changer.
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This presentation serves the single purpose of introducing the RATIONAL Group and providing a brief overview. The information contained is not intended to be exhaustive and does not provide a basis for corporate decisions or serve as investment advice. We assume no warranty, guarantee or liability for the completeness of the information, statements, estimates and projections given in this presentation, in particular with regard to the future development of the companies of the RATIONAL Group. This presentation contains assessments of the future based on the assumptions and estimates of the Executive Board of RATIONAL AG. Even though the Executive Board is convinced that these assumptions and plans are correct, the actual development and future results may significantly deviate from these assumptions and estimates. RATIONAL AG does not assume warranty or liability for future developments and future results corresponding to the assumptions and estimates made in this presentation. Individual values and totals may differ due to rounding. © RATIONAL 2025 Disclaimer RATIONAL Investor Relations Stefan Arnold (Head of IR) ir@rational-online.com +49 8191 327 2209