Slides
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PVA TePla Q2 / H1 2026 RESULTS AUGUST 6 , 2026
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2 H1 2026: STRONG DEMAND AND IMPROVING QUARTERLY PERFORMANCE Growing contribution from Metrology Metrology increased its share of Group revenue to 44%, reflecting continued strategic progress Material Solutions recovery expected in h2 Lower utilization and delayed revenue realization weighed on H1 Strong order Intake of EUR 186.7 m Order intake increased by 80% year-on-year, supported by increasing demand in both segments Overall, revenue and Earnings improved Q-o-Q Quarterly performance improved compared to Q1, with revenue and EBITDA both increasing FY 2026 guidance confirmed Based on the first-half perfomance, EBITDA is expected in the lower half of the guidance range Strong basis for H2 and beyond Order base provides visibility, with a significant share expected to convert in later periods – revenues and earnings expected to improve gradually
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FINANCIALS
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4 YEAR ON YEAR [EUR MN] GROUP REVENUE STABLE H1 REVENUE WITH AN IMPROVING MIX 33.3 27.5 Q2 2025 35.7 30.0 Q2 2026 75.4 44.2 H1 2025 67.6 53.0 H1 2026 Material Solutions Metrology 60.8 65.7 119.6 120.5 +8.0% +0.8% 45.9 (38%) Asia 56.8 (47%) Europe 17.6 (15%) North America 0.2 (0%) Other • Group revenue remained broadly stable in H1 (+0.8% YoY), while Q2 revenue increased by 8.0% YoY, following a softer start into the year in Q1 • Increasing contribution from Metrology reflects the continued execution of the Group's strategic transformation • Regional revenue remained well diversified across Europe, Asia and North America REGIONAL SPLIT H1 [EUR MN]
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5 YEAR ON YEAR [EUR MN] ORDER INTAKE EXCEPTIONAL H1 ORDER INTAKE CONFIRMS SUSTAINED CUSTOMER DEMAND 25.6 32.0 Q2 2025 30.0 35.1 Q2 2026 50.3 53.3 H1 2025 89.0 97.7 H1 2026 Material Solutions Metrology 57.6 65.1 103.6 186.7 +13.0% +80.2% 114.8 (61%) Asia 34.8 (19%)Europe 35.8 (19%) North America 1.3 (1%) Other • Demand remained strong across both business segments throughout the first half of 2026 • Book-to-Bill for H1 at 1.55 • High order intake reflects continued customer investments in advanced semiconductor technologies • Follow-up orders for compound semiconductor materials like indium phosphide • The regional mix continues to be dominated by Asia, while Europe and North America contributed balanced order levels REGIONAL SPLIT H1 [EUR MN]
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6 DEVELOPMENT OF ORDER INTAKE H1 ORDER INTAKE SUPPORTS REVENUE VISIBILITY 59.0 62.7 Q1 2026 30.0 35.1 Q2 2026 Material Solutions 24.8 21.3 Q1 2025 25.5 32.0 Q2 2025 41.8 31.0 Q3 2025 66.5 24.6 Q4 2025 46.1 57.5 72.8 91.1 121.6 65.1 Metrology +7.1% H1 2026 • Following an exceptionally strong Q1, order intake returned to a more normalized level in Q2 • The underlying demand environment remained intact across the first half of the year • Metrology showed strong growth, outpacing the lumpier Material Solutions business H2 2026 • We see continued demand in target markets for H2, supported by structural growth drivers • Order intake is expected to remain at a solid level, while quarterly volatility is typical for the project business in Material Solutions • Metrology: existing production lines already at full capacity for H1 2027; production lines currently under construction also quickly filling up; visibility already reaching into 2028
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7 GROSS PROFIT & GROSS PROFIT MARGIN [EUR MN] EBITDA & EBITDA MARGIN [EUR MN] GROUP PROFIT IMPROVING QUARTERLY PROFITABILITY, BUT H1 RESULTS REMAINED IMPACTED BY LOWER UTILIZATION AND ONE-OFF EFFECTS Q2 2025 Q2 2026 H1 2025 H1 2026 20.4 19.7 39.9 35.3-3.5% -11.5% 30.0%33.5% • Q2 gross profit decreased by 3.5% year-on-year, with the gross margin declining to 30.0% due to lower utilization and product mix, but already improved q-o-q • H1 gross margin declined to 29.3%, mainly reflecting lower utilization in Material Solutions and the expansion of the service infrastructure in Metrology • EBITDA improved from EUR 1.4 m in Q1 to EUR 3.0 m in Q2 despite continued headwinds • H1 EBITDA remained below expectations, reflecting lower utilization, the higher operating cost base as well as non-period-related and one- off effects 33.3% 29.3% Q2 2025 Q2 2026 H1 2025 H1 2026 6.7 3.0 14.9 4.4 -55.2% -70.5% 4.6%11.5% 12.5% 3.6%
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8 REVENUE [EUR MN] EBITDA & EBITDA MARGIN [EUR MN] ORDER INTAKE [EUR MN] SEGMENT: MATERIAL SOLUTIONS CONTINUED STRONG ORDER MOMENTUM, PROFITABILITY EXPECTED TO RECOVER IN H2 Q2 2025 Q2 2026 H1 2025 H1 2026 33.3 35.7 75.4 67.6 +7.2% -10.5% Q2 2025 Q2 2026 H1 2025 H1 2026 3.6 1.0 10.2 2.0 -72.2% -80.4% Q2 2025 Q2 2026 H1 2025 H1 2026 25.5 30.0 50.3 89.0 +17.2% +76.9% 13.5% 3.0%10.8% 2.8%
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9 REVENUE [EUR MN] EBITDA & EBITDA MARGIN [EUR MN] ORDER INTAKE [EUR MN] SEGMENT: METROLOGY CONTINUED GROWTH IN REVENUE AND ORDER INTAKE; STRATEGIC INVESTMENTS TEMPORARILY WEIGHING ON PROFITABILITY Q2 2025 Q2 2026 H1 2025 H1 2026 27.5 30.0 44.2 53.0 +9% +20% Q2 2025 Q2 2026 H1 2025 H1 2026 5.3 3.6 8.7 5.8 -32.1% -33.3% Q2 2025 Q2 2026 H1 2025 H1 2026 32.0 35.1 53.3 97.7 +9.7% +83.3% 19.7% 10.9%18.9% 12.0%
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• Group revenue is expected to remain broadly stable quarter-over- quarter • A significant improvement in profitability is expected, with the EBITDA margin approaching double-digit levels 10 H1 2026 ACTUALS & FY 2026 GUIDANCE H1 2026 Actuals Revenue: EUR 120.5 m EBITDA: EUR 4.4 m (Margin: 3.6%) EBIT: EUR -1.4 m (Margin: -1.1%) Gross Margin: 29.3% Order Intake: EUR 186.7 m (Book-to-bill: 1.55) Q3 Outlook • Strong H1 order intake provides visibility for the remainder of 2026 and beyond • Due to project timing, Q4 is expected to make the strongest contribution to full-year revenue and earnings • EBITDA is expected in the lower half of the guidance range FY 2026 Guidance Revenue: EUR 255 – 275 m (+4% to +13% growth vs. FY 2025) EBITDA: EUR 26 – 31 m (~10-11% EBITDA margin)
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STRATEGY UPDATE
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12 UPDATE ON ORGANIZATIONAL DEVELOPMENT INCREASING SYNERGIES AND EFFICIENCY ACROSS THE GROUP • As part of our ongoing portfolio optimization, we are consolidating all optical metrology activities under one entity • We are creating a focused center of excellence for optical metrology, purpose-built to develop scalable solutions for the semiconductor foundry market • We expect this structure to generate meaningful synergies and support a stronger growth trajectory for optical metrology – for which we see a significant long-term opportunity alongside our established acoustic metrology business Strengthening the optical metrology platform • We launched a comprehensive redesign of our operational processes, starting at a first pilot production site • We are introducing new process and leadership structures, backed by workforce optimization • In the near term, we plan to roll out the redesigned operating model to further sites • While the concept has already been implemented, its impact is not yet visible in the numbers • Program is ongoing: additional workstreams are still in the concept phase Increasing efficiency in Material Solutions
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13 INDIUM PHOSPHIDE MARKET AND OPPORTUNITY AI IS FUELING DEMAND FOR INP SUBSTRATES / FURNACES Optical interconnects for AI data centers have become the primary growth engine for InP wafers — outpacing the historically cyclical telecom market. Structural demand drivers AI data centers Pluggable optics drive InP demand today; co-packaged optics (CPO) add a second wave from ~2027. Technology shift from 3”/4” to 6” Move to larger wafers with lower defect density. Compared to a 3” wafer, a 6“ wafer produces more than 4x as many chips at less than half the cost. Structurally tight supply Substrate supply is concentrated in a few makers; export controls and long qualification cycles extend the gap. Opportunity for PVA | 2027-2030 The move to 6" inside a tight supply situation is a technology transition that temporarily reopens qualification positions at wafer makers — and expands the equipment (furnace) opportunity. Total furnace demand* Baseline: 510-580 Bull case: 680+ Addressable by PVA* 20-30% PVA prepared to win high portion of this share Winning new qualifications rests on: • Customer access at leading wafer suppliers / willingness to replace internal designs • Proven 6” InP furnace technology and support • Delivery capacity to support a fast ramp-up *Sources: Internal estimates based on CapEx announcements as of June 2026
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14 R&D | ALUMINUM NITRIDE PVA PRIMARY PARTNER IN ALL MAJOR EUROPEAN ALUMINUM NITRIDE PROJECTS Why Aluminum Nitride matters • AlN is an ultra-wide bandgap semiconductor with high critical field strength, superior thermal conductivity and UV transparency — and thus considered the next material after SiC. • It unlocks more efficient power electronics (e-mobility, renewables, industry) and UV photonics (disinfection, sensing, medical). • Europe's bottleneck: a shortage of high-quality, large-area, cost-effective AlN substrates. Ongoing Research Projects • Project: Scale-up project with IKZ and Siltronic • Goal: Scale AlN crystal diameter from 2” to 4” toward industrial manufacturing for power electronics and UV photonics. • PVA’s role: Provider for PVT crystal growing systems • Key benefit: PVA benefits from increasing market demand • Project: Joint Lab with Fraunhofer IISB • Goal: Help establish a reliable European supply of R&D- grade 2” AlN substrates to improve availability and thus accelerate industry adoption of the material • PVA’s role: Provider of PVT crystal growing systems, growth of AlN crystals • Key benefit: PVA gains significant process know-how Complementary and comprehensive approach: The Joint Lab secures availability today (stable 2” batch supply for R&D); the IKZ/Siltronic project scales diameter for tomorrow (2”→4”). Together they cover the full path from material availability to industrial scaling — with PVA TePla as the common equipment partner in both.
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Q&A
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APPENDIX
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17 FINANCIAL CALENDAR UPCOMING CONFIRMED EVENTS AND PUBLICATIONS All conferences, roadshows, and other events will be listed here: Financial Calendar Date Occasion Location Category PVA representatives August 6, 2026 Earnings Call H1 2026 Wettenberg, GER PVA event August 25, 2026 Jefferies | Semiconductor, IT Hardware & Communications Technology Conference Chicago, USA Investor conference August 26-27, 2026 Roadshow New York City, USA Roadshow August 27, 2026 Montega | Hamburger Investorentage (HIT) Hamburg, GER Investor conference September 1, 2026 ODDO BHF & Commerzbank | Corporate Conference Frankfurt, GER Investor conference September 3, 2026 Deutsche Bank | European TMT Conference London, GB Investor conference September 21-23, 2026 Berenberg & Goldman Sachs | German Corporate Conference Munich, GER Investor conference September 22-24, 2026 Baader Bank | Investment Conference Munich, GER Investor conference November 5, 2026 Earnings Call Q3 2026 Wettenberg, GER PVA event November 19, 2026 Morgan Stanley | European Technology, Media & Telecom Conference Barcelona, ESP Investor conference November 23-24, 2026 Eigenkapitalforum / German Equity Forum Frankfurt, GER Investor conference November 25, 2026 Goldman Sachs | AI & Semiconductors Symposium London, GB Investor conference December 1, 2026 UBS | Global Technology and AI Conference Phoenix, USA Investor conference December 3, 2026 Berenberg | European Conference London, GB Investor conference IRMGMT MGMT MGMT IR IRMGMT IR IRMGMT IRMGMT IRMGMT IRMGMT IRMGMT IRMGMT MGMT IRMGMT
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18 CONTACT & DISCLAIMER Sebastian Gonsior Head of Corporate Communications & Investor Relations +49 (641) 68690-419 sebastian.gonsior@pvatepla.com This presentation contains forward-looking statements which are based on certain assumptions, expectations and opinions of the management of PVA TePla (the "Company") or cited from third-party sources. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond the Company’s control, affect the Company’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance or achievements of the Company may vary materially from those expressed or implied as being expected, anticipated, intended, planned, believed, sought, estimated or projected in the relevant forward-looking statement. The Company does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does the Company accept any responsibility for the actual occurrence of the forecasted developments. The Company neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. Where any information and statistics are quoted from any external source, such information or statistics should not be interpreted as having been adopted or endorsed by the Company as being accurate. This presentation is dated as of March 19, 2026. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. This material is being delivered in conjunction with an oral presentation by the Company and should not be taken out of context.