Slides
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DMG MORI CO., LTD. FY2026 First Half (Jan-Jun) Results IR Announcement August 4, 2026
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Agenda IR CONFERENCE 2026/8/4 1 PresenterTopics Ota, Member of the Board1. FY2026 1H (Jan-Jun) Financial Summary Masahiko Mori, President 2. Business Environment & Full-Year Outlook Masahiko Mori, President3. Medium-Term Business Targets • Achievements & Medium-term Strategy • Sustainable Growth Foundation • Strategic Focus Areas • Market Outlook • Financial Targets • Capital Allocation & Shareholder Returns
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Financial Results Highlights IR CONFERENCE 2026/8/4 2 Consolidated orders: Jan-Jun JPY 335.2 bn., +34.8% YoY; record high for a half-year Jan-Mar JPY 155.4 bn. (+28.8% YoY) → Apr-Jun JPY 179.8 bn. (+40.5% YoY) Orders exceeded forecast Driven by aircraft, space, defense, power & energy, shipbuilding, semiconductor and medical sectors. Strong demand from global key accounts in Europe and North America, large orders from private Chinese SMEs. Group companies posted strong orders, led by Magnescale (laser scales for SPE) and SAKI (automated inspection system for electronic modules). Average machine order price per unit: JPY 81.8 mil. (FY2025: JPY 79.6 mil.), EUR 443 thousand (FY2025: EUR 471 thousand) High average price maintained (balanced mix of MX/BX machines) Machine order backlog at the end of June 2026: JPY 303.0 bn. (end of December 2025: JPY 240.0 bn.) MRO, spare parts & engineering orders: JPY 73.7 bn., +23.3% YoY; 22.0% of consolidated orders Jan-Jun 2026 results: Sales revenue JPY 276.7 bn. (+21.6% YoY), EBITDA JPY 27.8bn. (+21.1%); EBITDA margin 10.1% (FY2025 1H: 10.1%) EBIT JPY 9.3 bn. (+43.0%), EBIT margin 3.4% (FY2025 1H: 2.9%); EAT JPY 4.4 bn., EAT margin 1.6% (FY2025 1H: 0.9%) FY2026 forecast revised up: orders JPY 630.0 bn. (previous plan: JPY 580.0 bn.), Sales revenue JPY 580.0 bn. (JPY 565.0 bn.), EBITDA JPY 67.0 bn. (JPY 65.0 bn.), EBITDA margin 11.6% (11.5%), EBIT JPY 30.0 bn. (JPY 28.0 bn.), EBIT margin 5.2% (5.0%), EAT JPY 15.5 bn. (JPY 15.0 bn.), EAT margin 2.7% (2.7%); Dividend per share unchanged at JPY 105
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FY2026 First Half (Jan-Jun) Financial Results Summary IR CONFERENCE 2026/8/4 3 **One-off deconsolidation loss of EUR 91.8 mil. was recognized in 1Q of 2024 (JPY 15.1 bn.| EUR/JPY=164.6). *Retrospectively adjusted for the recognition of negative goodwill that arose upon the consolidation of DMG MORI Precision Boring (formerly KURAKI Co., Ltd.) in 1Q of 2024. Changes （%） 2026 1H 2025 1H 2024 1H(JPY bn.) +34.8335.2248.6266.7Consolidated order intake 303.0233.2273.0Order backlog +21.6276.7227.5263.7Sales revenue +21.127.823.039.3EBITDA 10.1%10.1%14.9%EBITDA margin +43.09.36.5*24.1EBIT 3.4%2.9%9.1%EBIT margin +95.74.22.115.3EAT from continuing operations --**-15.1Profit or loss from discontinued operations 2.1x4.42.1-0.0EAT (Net profit attributable to owners of the parent) 18.516.515.2Depreciation & amortization including leasing 13.511.815.2Capital expenditure 15.515.215.5R&D expenditure 158.2148.6152.3USD/JPY 184.5162.2164.6EUR/JPY
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9.4%* 8.9%* 4.7%* 9.0% 1.6% 4.1% 4.3% 4.4% 2.5% 4.2% 8.1% 3.7% Quarterly EBIT margin Full-year EBIT margin 132.9 130.9 124.2 153.0 114.0 113.5 115.6 171.9 135.5 141.2 12.5 11.6 5.8 13.7 1.8 4.7 5.0 7.5 3.4 5.9 0 2 4 6 8 10 12 14 16 18 20 22 0 20 40 60 80 100 120 140 160 180 200 220 2024. 1Q. 2Q. 3Q. 4Q. 2025. 1Q. 2Q. 3Q. 4Q. 2026. 1Q. 2Q 千 Sales (left-scale) EBIT (right-scale) Quarterly Financial Results （JPY bn.） 5.2% (Plan) ・ From April to June, sales revenue increased by 24% and EBIT by 26% YoY. EBIT margin continued to improve from 1Q. ・ Annual EBIT margin forecast: 5.2%. IR CONFERENCE 2026/8/4 4 （JPY bn.） *Retrospectively adjusted for the recognition of negative goodwill that arose upon the consolidation of DMG MORI Precision Boring (formerly KURAKI Co., Ltd.) in 1Q of 2024.
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EBIT Bridge FY2025. 1H (Jan-Jun) vs. FY2026. 1Q (Jan-Jun) FY2025.1H FY2026.1H Exchange rate :USD/JPY 148.6 158.2 EUR/JPY 162.2 184.5 （JPY bn. ） Gross profit improvement Depreciation Increase in sales volume Increase of MRO engineers & salary revision FY2025.1H FY2026.1H The University of Tokyo MX Center Positive factors +11.1 Negative factors -8.3 FX IR CONFERENCE 2026/8/4 5 ・ The increase in sales revenue is contributing positively to EBIT. ・ Gross margins are benefitting from lower discounts for MX products and increased sales revenue in MRO, spare parts, and Group companies. 93 +81 ChangesFY2026.1HFY2025.1H（JPY bn.） 49.2276.7227.5Sales revenue 227.5 276.7 (thereof FX 28.8) 88.3 101.3 (thereof FX+8.2) 16.5 18.5 (thereof FX+0.2) (Already recorded in 1Q) -4.8 -1.8 -1.0 -0.7 6.5 +8.1 +3.0 9.3
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Cash Flows ・ 2Q (Apr-Jun) operating free cash flow turned positive at JPY 6.2 bn., improving significantly from a JPY 6.0 bn. outflow in 1Q (Jan-Mar). ・ FY operating free cash flow projected at JPY 18.0 bn. from higher earnings and increased down payments due to strong order growth in 2H. 202620252024 （JPY bn.) FY (E)2Q1QFY4Q3Q2Q1QFY4Q3Q2Q1Q 48.013.5-1.126.026.2-1.55.1-3.844.633.611.0-9.49.5Operating cash flow 4.02.010.94.03.62.90.437.111.93.810.411.0Profit before taxes 9.49.134.69.78.58.38.131.58.57.87.87.4Depreciation & amortization -1.7-3.2-5.75.6-6.5-0.2-4.6-0.511.81.4-13.80.1Changes in working capital 1.8-9.0-13.86.9-7.1-5.9-7.7-23.51.4-2.0-13.8-9.0Others -30.0-7.3-4.8-11.2-9.89.6-6.0-5.1-38.2-11.7-9.6-6.4-10.6Investment cash flow 18.06.2-6.014.816.48.1-0.9-8.96.421.91.4-15.8-1.1Operating free cash flow 24.9 14.9 6.4 14.8 18.0 0 10 20 30 40 50 2022 2023 2024 2025 2026E Operating Free Cash Flow Trends and Plans （JPY bn.） IR CONFERENCE 2026/8/4 6 (previous) 16.5
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68.7 73.3 117.2 117.3 100.1 100.8 254.3 259.1 201.8 216.8 80.7 76.8 46.1 37.4 340.5 352.7 167.8 161.1 64.4 64.3 125.7 123.0 90.8 103.4 78.1 76.3 Balance Sheet Summary 0.19 0.26 0.20 0.23 0.20 118.8 110.8 110.8 110.8 110.8 47.6 68.7 62.0 79.6 69.2 166.4 ・ Increase in down payments (contract liabilities) due to strong OI. Inventory assets have increased to prepare for higher sales in 2H. ・ Net D/E ratio remained low at 0.24; year-end net interest-bearing debt (incl. hybrid capital) projected at JPY 180 bn. FY2022 179.5 180.0 0.0 JPY 881.4 bn. 40.0%Equity ratio Net debt JPY 85.6 bn. 39.2% JPY 79.6 bn. Current rate (EUR / JPY) 184.3 185.3 Net D/E ratio 0.23 0.24 172.8 FY2023 FY2024 FY2025 190.4 FY2026E IR CONFERENCE 2026/8/4 7 JPY 869.0 bn. Cash and cash equivalents Inventories Trade receivables Tangible assets Goodwill Intangible assets Trade and other payables Other liabilities AG share purchase obligation Other assets Interest bearing debt Downpayment Shareholders’ equity （thereof; Hybrid capital JPY 120.7 bn.) Hybrid capital Debt CB Net debt reduction plan (JPY bn.) Net D/E ratio (excl. hybrid capital） Dec. 2025 Jun. 2026 Dec. 2025 Jun. 2026 JPY 869.0 bn. JPY 881.4 bn. Assets Liabilities & Equity
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IR CONFERENCE 2026/8/4 8 PresenterTopics Ota, Member of the Board1. FY2026 1H (Jan-Jun) Financial Summary Masahiko Mori, President 2. Business Environment & Full-Year Outlook Masahiko Mori, President3. Medium-Term Business Targets • Achievements & Medium-term Strategy • Sustainable Growth Foundation • Strategic Focus Areas • Market Outlook • Financial Targets • Capital Allocation & Shareholder Returns
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417.4 297.9 186.5 338.7 406.0 374.7 347.3 367.6 630.0 79.7 82.5 70.0 86.8 102.8 115.7 124.2 125.9 20.3 12.8 23.2 30.5 33.6 29.6 24.5 29.9 531.2 409.4 279.7 456.0 542.4 520.0 496.0 523.4 0 100 200 300 400 500 600 2018 2019 2020 2021 2022 2023 2024 2025 2026E Consolidated Order Intake (JPY bn.) ・ 2Q (Apr-Jun) orders totaled JPY 179.8 bn., up 40.5% YoY. Quarterly orders reached a record high for the second consecutive quarter. ・ FY orders forecast raised from JPY 580.0 bn. to JPY 630.0 bn., up 20% YoY (+JPY 106.6 bn.). Quarterly Yearly (JPY bn.) Machine body MRO, spare parts, engineering Group companies etc. Energy business Japan Germany EMEA* Americas Asia, India China *Europe excl. Germany, the Middle East and Africa IR CONFERENCE 2026/8/4 9 1H 335.2 (consolidated) 53.2%
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68% 71% 71% 32% 29% 29% 6,055 4,890 4,620 0 2,000 4,000 6,000 8,000 2023 2024 2025 2026E 2027E 2028E 2030E IR CONFERENCE 2026/8/4 10 Machine Tool Order Trends: Increasing Order and Production Volume Lead to the Improvement of Factory Utilization Rate from FY2026 (JPY bn.) (Unit) Order Intake (Value) Order Intake (Units) BX machines MX machines Up-trend 374.6 347.3 367.6 300.0 400.0 500.0 600.0
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FY2026 Outlook FY2025FY2024（JPY bn.） (May 1, 2026)YoY (%)Revised 580.0+20.4630.0523.4496.0Consolidated order intake ――240.0218.0Order backlog 565.0+12.6580.0515.0540.9Sales revenue 65.0+25.067.053.675.2EBITDA 11.5%11.6%10.4%13.9%EBITDA margin 28.0+58.130.019.043.7EBIT 5.0%5.2%3.7%8.1%EBIT margin 15.02.2x15.57.023.1EAT from continuing operations ――*17.2*-15.1Profit or loss from discontinued operations 15.0-35.515.524.07.7EAT（Net profit attributable to owners of the parent） 37.037.034.631.5Depreciation & amortization including leasing 30.030.029.543.8Capital expenditure 30.030.031.731.4R&D expenditure 150154.1149.7151.6USD/JPY 180182.3169.0164.0EUR/JPY Full-year Outlook and Progress until 1H IR CONFERENCE 2026/8/4 11 *One-off consolidation loss: EUR 91.8 million (approx. JPY 15.1 billion at EUR/JPY=164.0) was recognized in 2024 1Q. Overseas trade insurance proceeds of approx. EUR 102 million (approx. JPY 17.2 billion at EUR/JPY=169.0) was received in 2025. ・ FY order forecast revised upward to JPY 630.0 bn. (initial plan: JPY 540 bn., revised to JPY 580 bn. after 1Q results), driven by strong OI. ・ FY sales revenue and EBIT forecasts also revised upward. 1H progress towards full-year plan 設備投資額 研究開発費 45.0% 51.6% 30.0 30.0 （JPY bn.） **Presumed FX rate in 2H: USD/JPY = 150, EUR/JPY = 180 ** Capital expenditure R&D expenditure Consolidated order Sales revenue 53.2% 47.7% 630.0 580.0 EBIT 30.0 31.0%
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IR CONFERENCE 2026/8/4 12 PresenterTopics Ota, Member of the Board1. FY2026 1H (Jan-Jun) Financial Summary Masahiko Mori, President 2. Business Environment & Full-Year Outlook Masahiko Mori, President3. Medium-Term Business Targets • Achievements & Medium-term Strategy • Sustainable Growth Foundation • Strategic Focus Areas • Market Outlook • Financial Targets • Capital Allocation & Shareholder Returns
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Next Generation MX Achievements & Medium-term Strategy IR CONFERENCE 2026/8/4 13 The MX Evolution Enhanced Value Generation with Machining Intelligence based on the MX Foundation Current MX ―Full utilization of accumulated machining know-how― TRUSTED DATA HUB AI Development National project GENIAC Initiative Joint research with AIST Multi-purpose AI foundation aiming manufacturing improvement Data ecosystem for manufacturing equipment DMG MORI Software-Defined • Always up-to-date and enhanced • Secure data accumulation DMG MORI AI implementation Process Force Monitor Tool Visualizer Predictive MaintenanceAI Chip Removal Digital Twin technology AI agent implemented on machine tools ✓Fast data collection ✓ Real-time AI analysis CELOS DYNAMICpost CELOS X CELOS VISUALprogramming 3D Establishing the MX Foundation ー to achieve JPY 800 bn. in sales ー One-Stop Machining Solution Provider (advanced machine tools, automation systems, software, and peripheral equipment) Direct sales, MRO, and engineering support at 128 locations worldwide 18 production sites globally Strong customer engagement through my DMG MORI Providing Reliable & High Value Higher machine utilization and productivity, with stable quality, lower costs, and higher value- added machining Improved Corporate Value Stable OI growth, higher sales revenue and profitability, improved cash flow generation Process integration by DX DIGITAL TRANSFORMATION Automation GX MI (Machining Intelligence)
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Sustainable Growth Foundation: Global Presence for Stronger Customer Engagement IR CONFERENCE 2026/8/4 14 DMG MORI Global Presence 18 Production Hubs 128 Direct Sales, MRO, and Engineering Locations Supporting the Entire Machine Tool Lifecycle: Selection, Usage, and Disposal 300 Test-cut Machines 3,300 Engineers 4 Global Parts Centers 12 Operator Training Facilities 150k Customers 300k Machines in operation 1,100 in Application 2,200 in MRO Iga Campus (Japan) Pfronten Factory (Germany)
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Sustainable Growth Foundation: Enhancing Application & MRO Engineers IR CONFERENCE 2026/8/4 15 Global MRO Network for fast customer support Digital Customer Portal my DMG MORI× Americas App. Engineers approx. 240 MRO Engineers approx. 300 Asia App. Engineers approx. 80 MRO Engineers approx. 190 EMEA App. Engineers approx. 200 MRO Engineers approx. 710 Germany App. Engineers approx. 200 MRO Engineers approx. 600 Japan App. Engineers approx. 310 MRO Engineers approx. 300 45 countries 128 locations 1,100 Application Engineers 2,200 MRO Engineers China App. Engineers approx. 70 MRO Engineers approx. 100
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IR CONFERENCE 2026/8/4 16 Strategic Focus Areas : Product Portfolio for High Value Creation (5-axis) DMU 340 Gantry (Mill-turn center) NTX 1000 3rd Generation + Automation system : MATRIS (5-axis) DMC 65 monoBLOCK 2nd Generation + Automation system: RPS3 (Advanced Technology) LASERTEC 30 SLM 3rd Generation (5-axis) INH 63 FD 85% MX Machine 15% BX Machine (Basic Machine) (Vertical MC) CMX 600 V (Vertical MC) DMV 60 Mill-turn center Horizontal MC Turning center Vertical MC Advanced technology JPY 335.2 bn. (Jan-Jun) ５-axis Workpiece size: φ840×500 mm *except for some shapes Workpiece size: 7,000×2,700×1,780 mm Workpiece size: 325×325×400 mm Workpiece size: φ430×800 mm Workpiece size: φ1,070×1,000 mm (Turning Center) NLX 2500 | 700 (1st Generation) (Turning Center) SPRINT 50 (Vertical MC) CMX 1100 V (Vertical MC) NVX 5100 2nd Generation
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IR CONFERENCE 2026/8/4 17 Strategic Focus Areas : Approaching Growth Industries Others Machinery EV (Electric Vehicle) Aircraft Die & Mold Data processing （incl. Precision, Semiconductor) Medical Space Conventional cars / Motorcycles Power, Energy Aircraft Space Defense Semiconductor Medical Die & Mold Growth Industries JPY 335.2 bn. (Jan-Jun) approx.70% 1,200mm 300 mm 85mm 70mm General Machining Energy 100mm
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IR CONFERENCE 2026/8/4 18 Strategic Focus Area : Semiconductor-related Group Companies • Expanding demand for semiconductor pr oduction equipment and data centers JPY 50 bn. of combined order intake (2030 Plan) 3D X-ray inspection system Automated optical and X-ray inspection system for printed circuit board assemblies (PCBA), semiconductor package, or power module SAKI Corporation Nara Factory (Order Intake) FY2030 TargetFY2026E approx. 200 bn.approx.100 bn. Magnescale Nara Campus (Opened in Apr. 2026) Optical encoder “Laserscale” (Order Intake) Ultra high-precision measurement systems for SPE and machine tools Magnetic encoder “Magnescale” (Linear / Rotary) FY2030 TargetFY2026E approx. 300 bn.approx. 200 bn.
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IR CONFERENCE 2026/8/4 19 Global Machine Tool Market Outlook based on VDW 42,171 41,187 34,442 33,223 36,960 43,754 48,377 54,722 57,569 41,421 54,149 69,165 75,033 65,515 68,195 73,536 71,659 77,634 80,054 74,405 59,156 71,216 82,018 82,691 78,296 76,110 80,725 86,294 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 e 2027 e 2002-2003: Dot-com bubble burst 2008: Global financial crisis 2013: U.S. taper tantrum 2019: Covid-19 2022: War in Ukraine 2026: Middle East Crisis Drivers: Space, Aircraft, SPE, Power, Medical (Source: : VDW/ Oxford Economics) (mil.EUR) Germany EMEA U.S.A Japan China India Others CAGR: 2.7%
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IR CONFERENCE 2026/8/4 20 Market Outlook by Region based on VDW 5,350 4,877 4,581 4,676 5,007 0 4,000 8,000 12,000 16,000 20,000 2023 2024 2025 2026 e 2027 e Germany(mil. EUR) CAGR: +4.6% 18,998 15,300 14,864 15,561 16,873 0 4,000 8,000 12,000 16,000 20,000 2023 2024 2025 2026 e 2027 e EMEA(mil EUR) +6.5% 12,018 11,215 10,218 11,056 11,790 0 4,000 8,000 12,000 16,000 20,000 2023 2024 2025 2026 e 2027 e U.S.A(mill. EUR) +7.4% 3,494 2,552 2,426 2,442 2,569 0 4,000 8,000 12,000 16,000 20,000 2023 2024 2025 2026 e 2027 e Japan(mil. EUR) +2.9% 3,101 3,735 3,971 4,661 5,125 0 4,000 8,000 12,000 16,000 20,000 2023 2024 2025 2026 e 2027 e India (mil. EUR) +13.6% 23,695 24,051 23,390 24,873 26,347 0 8,000 16,000 24,000 32,000 40,000 2023 2024 2025 2026 e 2027 e China(mil. EUR) +6.1% (source: VDW/ Oxford Economics)
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975.0 788.9 675.8 851.1 1,236.2 1,363.2 1,437.0 1,590.0 1,301.1 411.8 978.6 1,326.2 1,212.4 1,117.0 1,509.4 1,480.6 1,250.0 1,645.6 1,815.8 1,229.9 901.8 1,541.4 1,759.6 1,486.5 1,485.1 1,604.3 (2,000.0 ) (3,000.0 ) 0 500 1,000 1,500 2,000 2,500 3,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026e2027e2028e2029e203 0e2031e2032e2033e2034e2035e IR CONFERENCE 2026/8/4 21 Machine Tool Orders by JMTBA* and Future Outlook (JPY bn.) (Source: The Japan Machine Tool Builders’ Association. DMG MORI’s own outlook for 2035e) *The Japan Machine Tool Builders’ Association
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IR CONFERENCE 2026/8/4 22 Financial Targets FY2028 Target FY2027 TargetFY2026EFY2025A(JPY bn.) 700.0665.0630.0523.4Consolidated order intake 680.0630.0580.0515.0Sales revenue 68.5 (10.1%) 51.0 (8.1%) 30.0 (5.2%) 19.0 (3.7%) EBIT (EBIT margin %) 43.0 (6.3%) 30.5 (4.8%) 15.5 (2.7%) 24.0 (4.7%) EAT（Net profit attributable to owners of the parent） (EAT margin %) 120110105.0105.0Dividend per Share (Yen) >10.0%>8.0%>4.0%6.5%ROE (%) 37.037.037.034.6Depreciation & amortization including leasing 30.030.030.029.5Capital expenditure 30.030.030.031.7R&D expenditure >42.0%>40.0%>39.0%39.2%Shareholders’ Equity ratio (%) 160.0175.0180.0190.3Net Debt balance (incl. hybrid capital) <0.45<0.500.550.56D/E ratio (incl. hybrid capital)
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IR CONFERENCE 2026/8/4 23 Financial Targets by Segment 430.0 70.0 155.0 45.0 325.2 42.4 125.9 30.0 BX MX MRO, Spare parts, Engineering Group companies BX MX MRO, Spare parts, Engineering Group companies FY2025 FY2028 Plan 523.4 700.0 Order Intake Order Intake Machine Tools Machine Tools （JPY bn.） • Increasing share of MRO, Spar e parts, Engineering and Group companies
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IR CONFERENCE 2026/8/4 24 Capital Allocation & Shareholder Returns 111.0 89.0 90.0 32.5 2028E 系列 3 Free Cash Flows JPY 77.5 bn. Cash-in Flow JPY 200.0 bn. Cumulative (FY2026-2028E) Dividend Payout JPY 47.5 bn. Debt repayment JPY 30.0 bn. Cash-out Flow JPY 122.5 bn. Depreciation & Amortization EAT Capital Expenditure Working Capital・ Lease payment etc. 2028E2025 approx. JPY 160.0 bn.JPY 190.4 bn.Net Debt balance (incl. hybrid capital) <0.450.56Net Debt/Equity ratio >42.0%39.2%Shareholders’ Equity ratio
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Disclaimer IR CONFERENCE 2026/8/4 25 This material contains targets, plans, etc. concerning the future of DMG MORI CO., LTD.. All predictions concerning the future are judgments and assumptions based on information available to DMG MORI CO., LTD. at the time of writing. There is a possibility that the actual future results may differ significantly from these forecasts, due to changes in management policy or changes in external factors. There are many factors which contain elements of uncertainty or the possibility of fluctuation including, but not limited to, the following: Changes in the demand environment within the markets in which DMG MORI group operates Fluctuations in exchange rates Changes to the laws, regulations and government policies in the markets where DMG MORI group conducts its business DMG MORI CO., LTD.’s ability to develop and sell new products in a timely fashion Instability of governments in the markets where DMG MORI group conducts its business Operational changes by the competent authorities or regulations related to anti-trust, export control, etc. The logos and trademarks in this material are the property of their respective companies and used for the purpose of providing information with respect to trademark rights and copyrights.