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50 years of combi ovens 50 years of global market leadership for professional cooking systems . Earnings Call Q2 2026 Landsberg am Lech , 6 August 2026 RATIONAL
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Loft 56 iHexagon solving space and speed restrictions
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~ 3 months of moderation training for Arena Demonstration 55,000 visitors at the NRA show325 m² booth space 52 Arena shows over 4 days (iCombi & iVario) | RATIONAL AG | Earnings Call Q2 2026 3 National Restaurant Association Show 2026 - Chicago The most important event for the American foodservice industry 06.08.2026 ~130 team members involved 30 units 14 units in the Arenas & 16 cold units
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06.08.2026| RATIONAL AG | Earnings Call Q2 2026 4 Cook for Change! Sustainable Chef Challenge 2026 RATIONAL and Sodexo continue to drive forward sustainable cuisine Facts and figures − Sodexo has 426,000 employes in 43 countries − Serving 80 million meals/day − Participants: 500 Sodexo chefs from more than 40 countries − 20 million views on social media Goals − Promote sustainable, climate- friendly and plant-based cuisine − Criteria: waste prevention, local/responsible procurement, resource-efficiency use of kitchen technology and the use of entire products. Results − ‘Cook for Change! Chef of the Year’ awarded to Robert Janse from the Netherlands for smoked kohlrabi dish with miso, white bean cream and kombucha beurre blanc. − Criteria: craftsmanship, sustainable use of resources, exceptional flavour profile − “Through his use of our cooking systems, he also demonstrated how innovative kitchen technology can effectively support creative cuisine.”
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RATIONAL achieved top ratings across all evaluation categories: − Strategy − Productivity & Innovation − Culture & Commitment − Governance & Finance Recognition of RATIONAL’s customer- centric approach, entrepreneurial culture, and long-term management philosophy. Best Managed Companies Award RATIONAL honoured for the fourth time
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06.08.2026| RATIONAL AG | Earnings Call Q2 2026 6 Handelsblatt Quality Stock Screening RATIONAL named among the world’s leading quality stocks Criteria Revenue growth Earnings growth High profitability Strong balance sheet Attractive valuation Dividend growth Resilient business model
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RATIONAL U.i.U. Culture as a competitive advantage
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Good results. Numbers. Data. Facts. HY 2026
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06.08.2026| RATIONAL AG | Earnings Call Q2 2026 9 Sales revenue development Sales revenues up 6% - organic growth rate of 8% 298 379 458 561 581 606 642 HY 2020 HY 2021 HY 2022 HY 2023 HY 2024 HY 2025 HY 2026 +27% +21% +23% +4% +6% Sales revenues in million euros | Revenue growth compared to the previous year. +4%
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06.08.2026| RATIONAL AG | Earnings Call Q2 2026 10 Sales revenues Q2 2026 – Sales revenues impacted by pull-forward effects +8% 20262025 20262025 2025 20262025 +4% +6% 295 311 606 318 324 642 Q1 Q2 HY Sales revenues in million euros | Revenue growth compared to the previous year.
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06.08.2026| RATIONAL AG | Earnings Call Q2 2026 11 Sales revenues by region Europe and Germany remain the key growth drivers 34 40 HY 2025 HY 2026 Latin America +18% 148 154 HY 2025 HY 2026 North America +4% 60 66 HY 2025 HY 2026 Germany +9% 67 65 HY 2025 HY 2026 -2% Asia 35 31 HY 2025 HY 2026 -11% Rest of the World 262 285 HY 2025 HY 2026 +9% Europe (ex. Germany) Sales revenues in million euros | Revenue growth compared to the previous year.
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06.08.2026| RATIONAL AG | Earnings Call Q2 2026 12 Sales revenues by product group iVario maintains strong double-digit growth iCombi +5% 537 562 HY 2025 HY 2026 70 79 HY 2025 HY 2026 +14% iVario Sales revenues in million euros | Revenue growth compared to the previous year.
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06.08.2026| RATIONAL AG | Earnings Call Q2 2026 13 EBIT EBIT benefited significantly from tariff refunds 28 84 93 136 149 153 170 HY 2020 HY 2021 HY 2022 HY 2023 HY 2024 HY 2025 HY 2026 9.2% 22.3% 20.3% 24.3% 25.6% 26.5%25.3% EBIT margin +206% +10% +46% +10% +3% +11% EBIT in million euros | EBIT growth compared to the previous year.
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06.08.2026| RATIONAL AG | Earnings Call Q2 2026 14 High profitability in HY 2026 Healthy sales revenue growth; margins affected by tariff refunds + Sales revenues growth in line with expectations COGS affected by tariffs, increased material costs and higher logistic costs, compensated by tariff refunds in m EUR HY 2025 HY 2026 HY 2025 vs. HY 2026 Change Margin Impact Sales revenues 606 642 +6% --- COGS -248 -258 +4% +75 bps Gross Profit 358 383 +7% --- Gross Margin 59.0% 59.8% --- --- Sales and Service -140 -147 +5% +15 bps R&D -38 -40 +7% -10 bps Administration -28 -28 -1% +30 bps Operating Expenses -206 -215 +5% Other operating inc./exp. +1 +1 --- -10 bps Currency Result +0 +1 --- +15 bps EBIT 153 170 +11% --- EBIT Margin 25.3% 26.5% --- +120 bps Targeted increase in operating expenses, mainly in R&D and customer related functions
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06.08.2026| RATIONAL AG | Earnings Call Q2 2026 15 Balance sheet High equity ratio and liquidity Balance sheet at a glance: – 7% growth in total assets – 39% Liquidity ratio1 – 49 DSO (days) – 23% Working Capital/ Sales revenues2 – 77% Equity ratio in m EUR 30.06.2025 31.12.2025 30.06.2026 Non-current assets 282 289 295 Inventories 116 124 136 Trade receivables 191 200 200 Other assets 308 383 256 Liquid funds 129 186 206 Total assets 1,026 1,183 1,093 Equity 808 941 846 Non-current liabilities 43 43 44 Current provisions 81 88 91 Current liabilities 94 112 112 Equity & liabilities (total) 1,026 1,183 1,093 1 Bank deposits and short-term investments 2 Working Capital: Trade inventories and receivables less trade payables and advance payments received as a percentage of rolling 12 months sales.
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06.08.2026| RATIONAL AG | Earnings Call Q2 2026 16 Sales revenue and earnings forecast for 2026 Forecast unchanged after HY 2026 Operating costs are rising slightly faster than sales revenues. Sales revenue growth in the mid to high single- digit percentage range. Gross profit margin on a slightly lower level than in the previous year. EBIT margin between 25% and 26%.
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06.08.2026| RATIONAL AG | Earnings Call Q2 2026 17 Earnings Call Q2 2026 Q&A session Jörg Walter CFO Dr Peter Stadelmann CEO Please send your questions via the chat Please subscribe for the IR follow-up talk (11 August 2026 at 2:00 pm CET)
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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. Sums of Individual values and totals may differ due to rounding differences. © RATIONAL 2026 Disclaimer RATIONAL Investor Relations Stefan Arnold Head of Investor Relations Laura Deininger Manager Investor Relations ir@rational-online.com +49 8191 327 2209 06.08.2026| RATIONAL AG | Earnings Call Q2 2026 18