Slides
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Q3/9M 2026 RESULTS NOVEMBER 5, 2026
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2 Q3 2026: RECORD ORDER INTAKE AND IMPROVING QUARTERLY PERFORMANCE Metrology continues to perform strongly Q3 revenue up 46% year-on-year, with EBITDA margin reaching 23% Material Solutions improving in a still challenging environment Low utilization continued to weigh on profitability despite strong 9M order intake Strong 9M order Intake of EUR 273.4 m Orders up 55% year-on-year, driven by strong demand across both segments; book-to-bill ratio at 1.50 Operational performance improved in Q3 Gross margin increased to 30.8%, EBITDA margin reached 9.6% Q4 performance driven by order execution Existing orders underpin expected revenue and gross margin improvement in Q4 Group revenue growth accelerated in Q3 Revenue up 12% year-on-year in Q3, bringing 9M growth to 4%
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FINANCIALS
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4 YEAR ON YEAR [EUR MN] GROUP REVENUE REVENUE GROWTH PICKS UP IN Q3, WITH STRONG METROLOGY CONTRIBUTION 31.4 24.4 Q3 2025 27.1 35.6 Q3 2026 106.8 68.6 9M 2025 93.3 88.6 9M 2026 Material Solutions Metrology 55.8 62.7 175.4 181.8 +12.3% +3.7% • Group revenue increased by 3.7% to EUR 181.8m in 9M 2026, with Q3 growth accelerating to 12.3% year-on-year • Metrology revenue grew by 29.1% in 9M, offsetting the temporary weakness in Material Solutions • Asia accounted for 44% of Group revenue, up from 39% in the prior-year period REGIONAL SPLIT 9M [EUR MN] 79.9 (44%) Asia 72.5 (40%) Europe 28.9 (16%) North America 0.7 (0%) Other
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5 YEAR ON YEAR [EUR MN] ORDER INTAKE Q3 ORDER INTAKE BEATS CONSENSUS AND CONFIRMS STRONG CUSTOMER DEMAND 41.8 31.0 Q3 2025 36.0 50.7 Q3 2026 92.1 84.3 9M 2025 125.0 148.4 9M 2026 Material Solutions Metrology72.8 86.7 176.5 273.4 +19.1% +54.9% 164.6 (60%) Asia 54.2 (20%) Europe 52.8 (19%) North America 1.9 (1%) Other • Q3 order intake up 19.1% year-on-year, supported by both segments • Metrology orders increased by 64% versus Q3 2025, driven by sustainably high demand for SAM tools • Q3 order intake in Material Solutions was down 14% year-on-year, but 20% above Q2 2026, primarily driven by systems for the energy sector and first tool orders from a second customer for crystal growing equipment for indium phosphide • We expect a continuation of the current order momentum for Q4 • Continuous improvement in Material Solutions expected, driven by demand for crystal growing equipment and systems for the energy sector • Metrology expected to develop roughly stable REGIONAL SPLIT 9M [EUR MN]
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6 GROSS PROFIT & GROSS PROFIT MARGIN [EUR MN] EBITDA & EBITDA MARGIN [EUR MN] GROUP PROFIT Q3 PROFITABILITY IMPROVES, WHILE 9M EARNINGS REMAIN BELOW PRIOR YEAR Q3 2025 Q3 2026 9M 2025 9M 2026 16.4 19.3 56.3 52.9 +17.3% -6.0% 30.8%29.4% • Q3 gross margin improved to 30.8%, compared to 28.1% in Q2 and 29.4% in Q3 2025 • 9M gross margin remained below prior year at 29.1%, mainly due to lower utilization and an unfavorable product mix in Material Solutions in H1 • Q3 EBITDA reached EUR 6.0m, with the margin improving to 9.6% • 9M EBITDA remained below prior year, reflecting lower gross profit and the higher operating cost base as well as non-period related and one-off effects of ~EUR 5m 32.1% 29.1% Q3 2025 Q3 2026 9M 2025 9M 2026 3.8 6.0 18.7 10.4+60.9% -44.4% 9.6%6.8% 10.7% 5.7%
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7 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 Q3 2025 Q3 2026 9M 2025 9M 2026 31.4 27.1 106.8 93.3 -13.7% -10.5% Q3 2025 Q3 2026 9M 2025 9M 2026 0.5 0.2 10.7 2.2-60.0% -79.4% Q3 2025 Q3 2026 9M 2025 9M 2026 41.8 36.0 92.1 125.0 +17.2% +35.7% 10.1% 2.4%2.0% 1.0%
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8 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 Q3 2025 Q3 2026 9M 2025 9M 2026 24.4 35.6 68.6 88.6 +46% +29.2% Q3 2025 Q3 2026 9M 2025 9M 2026 4.3 8.1 12.9 13.9 +88.4% +7.8% Q3 2025 Q3 2026 9M 2025 9M 2026 31.0 50.7 84.3 148.4 +63.5% +76.0% 18.7% 15.6%17.6% 22.6%
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9 EBITDA BRIDGE TO ACHIEVING THE FULL-YEAR GUIDANCE STRONG Q4 DEVELOPMENT WILL DRIVE SURGE IN PROFITABILITY • Revenue is expected to rise significantly in Q4, given the increasing conversion of Q4/2025 and Q1/2026 orders in Material Solutions now going into production, and with continuously strong contributions from the Metrology segment • Gross margin expected to improve to mid-30s, driven by strong Metrology contributions and a significant uplift of the Material Solutions segment as revenues from high-margin projects rise and underutilization eases • OpEx expected to develop flattish • Normal depreciation levels of around EUR 3m expected Q3 Revenue uplift Gross margin improvement OpEx Q4 6.0 Current Assumptions for Q4 EBITDA development
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STRATEGY UPDATE
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11 SCANNING ACOUSTIC MICROSCOPY (SAM) UPDATE PVA NOW SERVES 5 TIER-1 CUSTOMERS SAM Tool Revenue Split of Tier-1 Customers vs. OthersRevenue Split Fully automated Vs. Manual SAM Tools • Since the start of the current strategy process in late 2023, PVA targeted and won four new tier-1 customers • Tier-1 customers are now the dominant customer group for SAM tools, standing at 61% at 9M 2026 • Substantial change in revenue mix from manual to fully-automated SAM tools, with auto tools currently at 76% • We serve a multitude of tier-1 and tier-2 customers with manual tools, which will remain an important part of the product mix 61% 55% 57% 32% 24% 39% 45% 43% 68% 76% 2024 2025 9M 20262022 2023 77% 89% 59% 51% 39% 23% 11% 41% 49% 61% 2024 2025 9M 20262022 2023 Tier-1 Others Auto Manual
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12 SAM CAPACITY EXPANSION NEW PRODUCTION LINE TO GO ONLINE BY THE END OF 2026 • Expansion stage 3 with new cleanroom capacity is expected to be completed by the end of 2026 (see picture on the right) • The Westhausen site has space to double the expanded capacity again, if required • After expansion stage 3 has gone online, production capacity will increase to approximately 130 automated systems per year • Capacity can be scaled flexibly – through further in-house expansion or across the supply chain • We also use external assembly capacity, which provides additional flexibility for quickly ramping production, if needed
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13 MID-TERM TARGETS CARRIED BY ACOUSTIC METROLOGY BASED ON THE EXPECTED FUTURE ORDER VOLUME, WE EXPECT TO ACHIEVE OUR MID-TERM TARGETS IN METROLOGY WITH THE ORDERS FROM EXISTING CUSTOMERS ALONE Acoustic Metrology Market & PVA Market Share [USD Million] 22% Other PVA Other 30-40% PVA 2025: 333 mn. 2028: ~550 mn. Sources: Full-Year 2025 presentation (March 2026), Verified Market Reports, own estimates Mid-Term targets for the Metrology segment [EUR Million] 2025 2028e 98.1 210 - 260Acoustic Optical Chemical • PVA maintains the leading technological position in the acoustic metrology market • We continue to expect a mid-term market share between 30-40% • While PVA represents only a small share of global semi CapEx, our share of total sales has grown 8x over the past 15 years • Strategic focus is now on service expansion and order execution for existing customer base • Strategic realignment to fully focus on fast-growing acoustic metrology business, which will have a much higher mid-term share • We discontinued niche optical tools, thus temporarily lowering the contributions from Optical → new promising applications like hyperspectral vision expected to take off after 2028 • Confident to achieve mid-term targets for Metrology with the orders from existing customers alone based on order forecasts
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Q&A
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APPENDIX
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Date Occasion Location Category PVA representatives 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 3, 2026 Berenberg | European Conference Windsor, GB Investor conference January 7, 2027 ODDO BHF Forum Lyon, FRA Investor conference March 4, 2027 Berenberg European Opportunities Conference 2027 London, GB Investor conference 16 FINANCIAL CALENDAR CONFIRMED UPCOMING PUBLICATIONS AND EVENTS All conferences, roadshows, and other events are also listed on our Financial Calendar Date Occasion Location Category PVA representatives early February 2027 Publication of preliminary results for the fiscal year 2026 / Publication / March 18, 2027 Publication of Annual Report 2026 Virtual Publication & Conference call May 5, 2027 Publication of interim statement for Q1 2027 Virtual Publication & Conference call June 9, 2027 Annual General Meeting Gießen, GER AGM August 5, 2027 Publication of Half-Year Report 2027 Virtual Publication & Conference call November 4, 2027 Publication of interim statement for Q3 2027 Virtual Publication & Conference call IRMGMT MGMT MGMT IR IR MGMT IR MGMT IR Publications EVents IRMGMT MGMT MGMT IR IR MGMT IR MGMT IR SB
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17 CONTACT & DISCLAIMER Sebastian Gonsior Head of Corporate Communications & Investor Relations +49 (641) 68690-419 ir@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 November 5, 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.