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TH General Investor Presentation August 2026 0000 ( 0040 SMART TECHNOLOGIES <
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TKH Group NV Cautionary note regarding forward looking statements Statements included in this presentation that are not historical facts (including any statements concerning investment object ives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are forward-looking statements. These statements are only predictions and are not guarantees. Actual events or the resu lts of our operations could differ materially from those expressed or implied in the forward -looking statements. Forward-looking statements are typically identified by the use of terms such as "may“, "will", "should", "expect", "could", "intend", "plan", "anticipate", "estimate", "believe", "continue", "predict", "potential" or the negative of such terms and other comparable terminology. The forward-looking statements are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set for th in the forward-looking statements. Important information – disclaimer General Investor Presentation 2August 2026
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TKH Group NV “We create next generation technologies that make the world more efficient and more sustainable” General Investor Presentation 3August 2026
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TKH Group NV Included Highlights Automation | Vision Technologies Capital Allocation Electrification Automation | Automated Machinery Outlook Financial Performance – H1 2026 & Q2 2026 Appendix General Investor Presentation 4August 2026
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TKH Group NV Highlights General Investor Presentation 5August 2026
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TKH Group NV Investment highlights 2 3 General Investor Presentation 6August 2026 1 Innovation is our DNA Combining hardware, AI & software Entrepreneurial mindset +/- 75% of turnover directly linked to SDG’s Customer first philosophy Solid financial foundations • Global market leader in vision and automated machinery • Strong long term value creation • Scalable, sustainable and digital • Capabilities to deliver innovative integrated solutions towards autonomous production • Established player with scaled European platform • Targeted market positions with leading connectivity solutions through advanced innovations • High levels of capacity investments to match anticipated market growth • High visibility from locked in orderbook and framework contracts • Dual track process • Separate teams for both Automation and Electrification • New segmentation to reflect changes • Medium term guidance for Electrification activities TKH’s future is Automation Electrification Separation of Electrification activities on track
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TKH Group NV Headcount 6,600 FTEs of which 750 in R&D and software development Turnover H1 2026 €955.9 m (FY2025: €1,761m) ESG 75% of turnover linked to SDGs Customer and technology focused >1,400 patents SDG impact AFFORDABLE AND CLEAN ENERGY North America 9% Other 5% The Netherlands 26% Europe 34% Asia 26% Innovative technologies that make the world more efficient and more sustainable TKH at a glance General Investor Presentation 7 Leading positions in high growth markets Differentiated technologies Strong focus on innovations Combining hardware, AI & software Entrepreneurial culture Clients first 44.5% FY 2025 turnover breakdown AUTOMATION50.7% ELECTRIFICATIO N 34.2% OTHER 15.1% VISIONTECHNOLOGY OFFSHORE ONSHORE ENREGY AUTO M ATION MACHINERY DIGITALISATION ENERGY 55.5% 75% 44.5% 29% 57% August 2026
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TKH Group NV 10 20 30 40 50 60 70 80 90 in million € 3.7% 4.7% 4.2% 4.2% 4.0% 3.7% 3.0% 4.2% 4.2% 2.8% 2.1% 1.3% 4.7% Built on innovation, accelerated by AI 0% 5% 10% 15% 20% 25% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM H1 2026 HUNDREDS >30% of our technology proposition is software driven>750 FTE in R&D and software development >1,400 patents to secure value proposition Innovations as % of turnover Annual R&D spend, and annual R&D spend as % of turnover AI accelerated technology AI accelerated technology 16.1% Cleans voice from noise Algorithm for voice signals • Efficient network algorithms for adaptive artificial intelligence • Ensuring that the voice signal in intercom systems is perfectly cleaned of ambient noise and echoes during transmission. Foreign object detection First AI application in MAXX machines • In-line high speed detection systems utilizing PIXXEL camera to detect foreign objects on tread material • Leads to less scrap rates and increased safety of tires 4.6% General Investor Presentation 8August 2026
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TKH Group NV Transitioning to high growth markets Automation & Electrification 2018 – 2025: Pivoting towards megatrends & high growth markets Today we are a successful business positioned for growth, consisting of Automation and Electrification Currently, close to 5% of turnover invested in R&D Close to 30% of turnover software and AI driven Leading to higher value add & strengthening total automation proposition Lower margin, commodity related operations divested in past years €150 million capex to triple capacity in offshore cables, and strong expansion in onshore cables R&D investments Growing software proposition Acquired ~€130m turnover in automation technology Divested ~€460m turnover in Connectivity and Manufacturing Investments into capacity expansions in Electrification General Investor Presentation 9August 2026
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TKH Group NV Dual-track process to unlock the value of Electrification Separation Electrification activities on track 10 ElectrificationAutomation • Asset light, technology driven • Multiple end-markets • Global • Scalability • Strong organic value creation potential • Capital intensive, capacity driven • Offshore market dynamics • Regional • Investments for future scaling Material steps in separation process within 12-18 Months following CMD (Sept 2025) Separate teams structured for both businesses Medium term guidance for stand alone Electrification business TKH submits the proposed separation for Shareholder approval at EGM on 3 September voluntary basis, considers the views and support of its Shareholders of significant importance in this process. August 2026General Investor Presentation
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TKH Group NV Eyes-Off Beyond Human Monitoring TKH Automation 11 55.5% 45.5% Automated Machinery Vision Technology TKH has the building blocks in place to build one-ecosystem to meet the challenges of autonomous production H1 2026 Turnover ~70% Global market share of outsourced tire building machines Strong Market positions Market leader in high end markets 2D 3D Market leader in high end mission critical security markets Strong market share in many key segments with high customer intimacy Global presence Hands-Off Beyond Human Intervention Autonomous Decision-Making Beyond Human Reaction Time Machine Vision Vision Technology • Top 5 global player in Machine Vision • Global market leader in 3D Machine Vision • Wide product offering of 2D, 3D Vision, hardware and software • Solutions based approach, broad technology base with many unique capabilities • Wide product offering security and surveillance systems to manage and control urban environment • Market leader in high end mission critical security systems • Leader in parking guidance solutions • Leading player in tire building systems: selected supplier to Tier 1 customers • Main products include passenger and truck tire building machines and tire components • Focus on increasing autonomous production as well as sustainable manufacturing and reducing operational costs through continuous innovations Security Vision Automated Machinery 4% 29% 42% 16% 9% NL Europe Asia North America RoW H1 2026 Turnover August 2026General Investor Presentation
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TKH Group NV 12 57%29% 14% Onshore Energy Offshore Energy Specialty cables 60% 29% 8% 3% NL Europe Asia RoW Offshore Energy HV>66kV- <132kV Onshore Energy MV/LV>1kV- <50kV HV>50kV- <220kV Specialty Cables LV>1kV #1 Based on 2024-26 tenders participated 92 projects in pipeline representing >14,400km ~30-35% Share in Dutch MV DSO cables (2025) €1.4bn in framework agreements Sole supplier For the majority of customized customers Targeted market positions with leading connectivity solutions through advanced innovations Invested in capacity to match anticipated market growth High visibility from locked in orderbook and framework contracts Established player with a scaled European platform HV Specialty MV/LV • Leading player in Europe • Innovative, sustainable and robust dry cable design with ease of installation at lower cost • Production site strategically located to North and Baltic sea • Leading player in NL with EU expansion • Tailored technical specifications to Dutch TSOs and DSOs • On time delivery, quality and short lead times for energy cables • High-end and complex solutions across multiple end-markets • High switching costs due to long-standing co-development relationships and highly customizable solutions H1 2026 Turnover August 2026General Investor Presentation TKH Electrification
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TKH Group NV Changes to segmentation August 2026General Investor Presentation 13 Automation Electrification Previous Segmentation Vision Technologies • Machine & Security Vision Tire Building systems Offshore Energy Other Digitalization Longer term Other TKH Automation To be separated To be divested Smart Vision systems Smart Manufacturing systems Vision Technologies Machine & Security Vision Digitalization Other Smart Vision Smart Connectivity systems Other Smart Manufacturing Energy Other Automated Machinery • Incl Tire Building systems Specialty Cables Other Offshore Energy New Segmentation 29% Onshore Energy Specialty cables 1% 26% 4% 24% 10% 5% 29% 27% 7% 17% 5% 10% 5% 1% Turnover share for FY2025
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TKH Group NV Electrification: Medium term guidance 14 August 2026General Investor Presentation Capitalize & Execute 2028 targets as communicated on Capital Markets Day of 25 September 2025 remain unchanged • Medium term guidance provided guidance for Electrification on a standalone basis. • Guidance supersedes and replaces all previously disclosed information on Electrification, including the targets provided at the Capital Markets Day on 25 September 2025 Automation Electrification 5 - 7% organic turnover growth (CAGR) EBITA margin 17 - 19% ROCE 25 - 30% > 9% organic turnover growth Referencing turnover LTM H1 2026 of €604.2 million EBITDA margin > 19% Revenue guidance updated on back of robust order backlog and stronger demand in MV & HV cables Expansion driven primarily by operational efficiencies and a favorable sales mix from amongst others HV cable projects ELECTRIFICATION: Medium term guidance AUTOMATION: Capitalize & Execute 2028 targets
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TKH Group NV Our sustainable value chain 75% of turnover linked to SDGs non-financial KPIs H1 2026 Electrification Energy cables Subsea cables Automation Machine vision inspection Tire building systems Specialty cables for industrial applications Sustainable Communities Mobility inspection Mission critical communication Parking guidance Connectivity systems CO2e Footprint reduction (scopes 1&2) Compared to 2019 Target 100% neutrality by 2030 77.5% 2025 76.3% 2024 70.3% LTFR Target < 0.7 0.65 2025 0.41 2024 0.70 Satisfaction score Customers Target Average score above benchmark (7.8) 8.6 2025 8.6 2024 8.6 Diversity Female Executive and Senior Management Target > 25% by 2030 21.3% 2025 20.5% 2024 21.6% How we are ratedOur Focus on SDGs How we do it Satisfaction score Employees Target > 7.5 7.8 2025 7.8 2024 7.8 Illness rate Target < 4.0% 3.96% 2025 4.11% 2024 3.97% rating agencies A- General Investor Presentation 15 August 2026
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TKH Group NV Capital allocation General Investor Presentation 16August 2026
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TKH Group NV Execution Execution with clear priorities Execute on separation of electrification Material steps expected in 12 to 18 months 1 Execute on portfolio optimization A further €250m in turnover of non-core activities to be divested Bolt on acquisition in Automation 2 Focus on cash flow generation Disciplined capex spend Working capital management 3 Disciplined capital allocation Clear priorities 4 General Investor Presentation 17August 2026
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TKH Group NV Execution: Portfolio Optimization Approx. €250m in turnover of non-core activities to be divested, including Digitalization 1) Turnover numbers provided for acquisitions and divestments represent the turnover of the year prior to the announcement of the acquisition or divestment 2) Commend AG is the value-added reseller in Switzerland of the in Austria based Commend Group, which was acquired by TKH in 201 5 General Investor Presentation 18 Approx. €470m in turnover of lower margin, commodity related operations divested in past years Acquisitions into higher margin and automation support operations to drive the value add AcquisitionsDivestments 2 ZTC 2019 2023 20242020 2021 2022 2025 2026 August 2026
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TKH Group NV Following €200m strategic capex spend, no large capex programs Capex spend only on core activities – no disruptive innovations Execution: Disciplined Capex Spend Disciplined Capex R&D Capex (mainly Automation) PP&E Capex (mainly Electrification) 0 10 20 30 40 50 60 70 80 90 100 2018 2019 2020 2021 2022 2023 2024 2025 LTM H1 2026 2028 R&D Capitalized R&D Non-Capitalized 0 20 40 60 80 100 120 140 2018 2019 2020 2021 2022 2023 2024 2025 LTM H1 2026 2028 Capex PP&E Strategic Capex program R&D capex to amortization level PP&E capex to depreciation level R&D Capex impacted by development of e.g. UNIXX, Alvium and Gocator Related products now on the market: no significant new R&D programs needed Integration within Vision to drive R&D Capex downwards Strategic capex program finalized beginning 2025 Asset base now ready for full utilization and growth Limited growth Capex needed for 2025-2028 1.7 1.41.7 1.4 1.2 1.3 1.4 1.6 1.1 1.0 1.1 1.6 1.3 1.2 General Investor Presentation 19 3 1.4 1.51.3 1.1 August 2026
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TKH Group NV 0 50 100 150 200 2018 2019 2020 2021 2022 2023 2024 2025 LTM H1 2026 Intangibles PPE Strategic Investment Program Execution: Disciplined Capital Allocation4 -150 -100 -50 0 50 100 150 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 Acquisitions Divestments € 0.00 € 0.50 € 1.00 € 1.50 € 2.00 Dividend Share buy backs Bolt on acquisitions Dividend Capex1 2 3 4 In million € No large capex programs Capex to be reduced to amortization & depreciation levels Strategic Investments Dividend pay- out of between 40% and 70% & aim for dividend yield of 3% Bolt-on acquisitions to strengthen Automation portfolio Subject to debt leverage remaining < 2.0 General Investor Presentation 20 0.0 0.5 1.0 1.5 2.0 2.5 3.0 Debt leverage August 2026
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Automation
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TKH Group NV Addressing the strategic shifts 30% Rise in global materials demand by 2050, driven by new materials development, material substitution (net-zero emissions goals) and infrastructure growth 1 59% By 2050, the share of people of working age in developed economies will fall to 59% from 67% today 2 10% The installed base of industrial robots rose by 10% in 2024 on the previous year to reach 4.28 million units worldwide 4 63% Of employers identify skills gaps as the biggest barrier to business transformation through 2030 3 MATERIALSTRANSITION LABOUR SHORTAGES THERISEOFTHEROBOTS 1 Source: World Economic Forum, "The energy transition is creating a historic materials transition" (2024) 2 Source: McKinsey “Dependency and depopulation? Confronting the consequences of a new demographic reality” (2025) 3 Source: Deloitte “2025 Manufacturing Industry Outlook” (2025) General Investor Presentation 22August 2026
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TKH Group NV 23General Investor Presentation Automation Financial Performance Turnover automation (in million €) 500 600 700 800 900 1,000 1,100 1,200 6.2% average annual organic turnover growth (CAGR) €724m €34m €0m €227m €983m Acquisitions Divestments* Organic growth 2021 LTM H12026 FX €-4m ROS 16.9% ROS 20.0% 55% 45% Automated Machinery Vision Technology 29% 42% 16% 9% NL Europe Asia North Anerica RoW H1 2026 EBITA €87.6m + 3.0% Q2 2026 Turnover + 5.9% H1 2026 Orderbook €429.3m Q2 2026 Turnover Vision Technologies + 16.1% Q2 2026 Turnover Automated Machinery - 5.5% H1 2026 EBITA Vision Technologies- 52.6m + 27.5% H1 2026 EBITA Automated Machinery 35m - 21.1% Orderbook Automated Machinery €259.2m Orderbook Vision Technologies €170.1m August 2026 H1 2026 Turnover H1 2026 Turnover * Divestments regrouped into “Other”
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TKH Group NV Moving towards autonomous production beyond human limitations Consistency Unwavering performance Yesterday Today Tomorrow Manual labor • Human oversight • Reactive problem- solving Semi-automated systems • Human-machine collaboration • Preventive maintenance Fully autonomous operations • Machine-led decision-making • Predictive intelligence TKH has the building blocks in place to build one-ecosystem to meet the challenges of autonomous production Eyes-Off Beyond Human Monitoring Hands-Off Beyond Human Intervention Autonomous Decision-Making Beyond Human Reaction Time Precision Nanometer accuracy Speed Processing thousands of variables in milliseconds Costs Vast reduction of operating costs Memory lessons from millions of production cycles Scalability Operating across multiple facilities perfect synchronization Vision systems Breadth of machine vision technologies Strong market positions Building on solutions approach Engineering skills to build autonomous production systems Global market leader in autonomous tire building machines AI & Smart Software AI hub in Amsterdam and a smart software hub in Poland to accelerate innovations and developments General Investor Presentation 24August 2026
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TKH Group NV Automation well positioned for the future 25 August 2026General Investor Presentation • The leading global player in tire building machines • Expanding to components and services • Capabilities in place to increase autonomous production • Wide product offering • Differentiated technologies • Leading global positions in high end mission critical security and communication systems • Leading positions in parking guidance systems • Capabilities to meet higher levels of automated requirements • Top 5 player globally • Leading global player in 3D • Differentiated technologies • Growing addressable market • One eco-system solutions in era of autonomous production Vision Technologies Automated Machinery Security Vision Machine Vision Ongoing innovations
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TKH Group NV Targets 2028 Automation 5 - 7% organic turnover growth (CAGR) EBITA margin 17 - 19% ROCE 25 - 30% Segments and target ratios are excluding the unallocated support and head office costs The targets are excluding the effects of the intended separation of Electrification Vision Technology > 5 - 7% organic turnover growth (CAGR) Automated Machinery < 5 - 7% organic turnover growth (CAGR) General Investor Presentation 26August 2026
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Vision Technologies
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TKH Group NV 28 Vision Technologies H1 2026 performance Security Vision Growth driven by the delivery of several larger projects • Including parking-related projects in the US and other regions Machine Vision 2D and 3D Vision recorded strong growth compared to H1 2025 • Benefited from strong demand from the consumer electronics, battery, factory automation, and semiconductor markets APAC making particularly strong contribution Integration of 2D brands well on track • Successful launch of all 2D branding activities to the one brand Allied Vision Expectations for Machine Vision are positive for H2 2026, supported by a strong order book Key figures In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Turnover 270.0 245.2 10.1% 12.1% Added value 62.7% 62.6% Adjusted EBITA 54.5 43.7 24.8% 27.5% ROS 20.2% 17.8% Order book 170.1 141.1 Highlights H1 2026 August 2026General Investor Presentation
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TKH Group NV 29 Vision Technologies General Investor Presentation Machine VisionSecurity Vision Technologies, market position & end markets Main take-aways 2D Vision 3D Vision Global market LeaderStrong market Positions Global market Leader in high end market Integrated Intercom, ITS, Surveillance, Parking Guidance Consumer Electronics Factory Automation Battery / Solar Inspection Wood Factory Automation Medical / Healthcare Building & infrastructure Mobility 9% 39% 28% 22% 4% Netherlands Europe (other) Asia North America RoW Geographical split LTM H1 2026 Turnover Strong market share in many key segments with high customer intimacy Broad technology base with many unique capabilities. Mid to upper tier focus with high-value products Top 5 global player in Machine Vision; 3D Machine Vision global market leader August 2026 Turnover, EBITA & ROS 15.0% 16.4% 17.7% 20.0% 18.6% 17.2% 19.0% 20.2% 55.0 61.3 73.2 96.1 87.0 79.6 96.3 2019 2020 2021 2022 2023 2024 2025 LTM H1 2026 366.6 373.9 412.7 481.6 467.6 463.1 506.4 531.3 2019 2020 2021 2022 2023 2024 2025 LTM H1 2026 Turnover & AVEBITA & ROS (in € million) 60.3% 59.6% 58.8% 59.2% 60.8% 62.2% 62.1% 62.2%
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TKH Group NV Present in all major geographical markets Vision Technologies: Broad technology base What does Machine Vision achieve? Inspection Automation Digitalization & Augmentation Production / R&D locations Service & Sales Hubs Excluding external sales partners 38% 15%9% 39% OEM System Integrator End User Distributor 28% 11% 9% 6% 6% 40% Factory automation Automotive/battery Consumer electronics Wood Solar Other Well diversified across industries with a common product base Diversified customer base through OEMs and system integrators, strong customer intimacy Optimization Process control and monitoring to optimize production yield or conversion of raw materials Allowing complex tasks to be performed autonomously by robots, machines or vehicles Automated quality control (pass/fail) and sorting or grading of items Creating tools that capture or enhance the real world, and improve human capabilities General Investor Presentation 30August 2026
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TKH Group NV Capturing market growth Market Growth forecast Organizational consolidation Unified Software Ecosystem Increased customer reach & cross-selling Reduced cost structure, increased operating efficiency Drivers Labour shortages Wage increases De-globalization Sustainability/circularity AI/deep learning Image sensors/cameras Collaborative/humanoid robotics 2023 2024 2028 €4.9 bn €4.6 bn €5.9 bn Combined sales approach Combined sales offices Reduced company brands Commercial Combined production sites Joint purchasing power High scalability Operational Platform based products Shared algorithms Unique competence centers R&D Key enabler for smart cameras and configurable vision systems Unified communication and functionality across TKH machine vision cameras and 3D sensors 2D & 3D Measurement Capability Traditional and AI Algorithms HMI builder for full solution deployment 5.6% CAGR Unified Vision Hardware Connection PLC AI Algorithms Human Machine Interface Industrial Protocols General Investor Presentation 31August 2026
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TKH Group NV Trains AI algorithms Available as an open platform for OEM or custom development, or fast deployment with GoPxL Growing addressable market Strong technology base to expand into additional addressable segments Yesterday: Manual Today: Semi automated Collision Avoidance for Aerospace Long Distance Detection for military vehicles Border control Material handling Warehousing and distribution Sealing and coating Pre-weld Weld Monitoring Post-weld Cannot function individually Requires other components to create a vision system Vision components General/Horizontal products capable of solving general purpose applications and communicating decisions Focused solutions for specific applications or segments providing turnkey systems with minimal integration requirements Security & Defense Solutions approach New segment: smart cameras New end markets 140 140 170 260 270 330 430 690 660 730 1010 Frame Grabbers Vision Services Vision Accessories Line-scan Cameras Vision Lighting Vision Lenses Vision Software 3D Cameras Smart Cameras Configurable Vision systems Area Scan Cameras >10% market share 5-10% market share <5% market share new addressable markets Tomorrow: Autonomous Vision systems Vision solutions 3D vision guided robotics Welding automation Growing addressable market to €4.8bn from €3.4bn previously General Investor Presentation 32August 2026
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TKH Group NV Security Vision Wide product offering of security and surveillance systems, intelligent traffic systems, and parking guidance Hardware and software combined with advanced communication technologies, support mission critical security and communication systems Existing Business Diversity: managing and controlling the urban infrastructure Global market leader in high end market Building & infrastructure Mobility 2024 2028e €19b €27b Source: Various market reports, TKH’ estimates: Security Vision includes Video Surveillance, Video Intercom and Parking Guidance Total Addressable Market • Rising security awareness • Higher levels of automated safety and security requirements • Automatic enforcement and monitoring of infrastructure • Growth in addressable market through • Innovations – higher share of software and recurring revenues • Technology leadership • Under penetrated geographies Product offering Market growth forecast Growth drivers 9.2% CAGR General Investor Presentation 33August 2026
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TKH Group NV Automated Machinery Tire Building General Investor Presentation 34August 2026
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TKH Group NV 35 Automated Machinery H1 2026 performance Key figures In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Turnover 218.5 231.8 -5.7% -5.7% Added value 52.9% 54.2% Adjusted EBITA 35.0 44.5 -21.4% -21.1% ROS 16.0% 19.2% Order book 259.2 420.2 Highlights H1 2026 • As anticipated, Automated Machinery’s performance in H1 2026 was affected by lower order intake in Tire Building systems in previous quarters • Current geopolitical circumstances, high energy costs, and tariff uncertainties continue to delay order placements by tire manufacturers • Long-term drivers for advanced tire building systems remain intact • need for greater production flexibility • increased sustainability • higher levels of automation • Drivers will fuel future demand for TKH’s highly automated Tire Building systems H1 2026 Analyst Presentation 11 AUGUST 2026
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TKH Group NV 36 Automated Machinery Tire Building Systems Assembly Machines Global market Leader Truck TBM Passenger TBM UNIXX Tire Component Machines UNIXX BeltmakerRevolute Tire manufacturers 1% 25% 51% 14% 9% Netherlands Europe (other) Asia North America RoW LTM H1 2026 turnover Services Technologies, market position & end marketMain take-aways Geographical splitTurnover, EBITA & ROS Strong innovation track record with developments for new applications The leading global player in tire building machines, +/- 70% share of outsourced market Turnover & AVEBITA & ROS 345.6 261.4 316.3 369.1 447.6 514.6 469.4 456.1 2019 2020 2021 2022 2023 2024 2025 LTM H1 2026 66.5 38.0 49.5 57.3 80.3 110.9 98.6 89.1 2019 2020 2021 2022 2023 2024 2025 LTM H1 2026 19.2% 14.5% 15.7% 15.5% 17.9% 21.6% 21.0% 19.5% 51.6% 51.2%49.7% 49.6% 51.1% 54.8%52.2% 55.4% (in € million) Focus on increasing autonomous production “hands off, eyes off” H1 2026 Analyst Presentation 11 AUGUST 2026
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TKH Group NV 1. Beltlayers 1+2 2. Gum Edge 3. Cap Strip 4. Tread 5. Tread base 6. Wingtips 7. Bead 8. Apex 9. Innerliner 10. Rim cushion 11. Sidewall 12. Body ply 1 13. Body ply 2 Tire Building systems Revolute UNIXX beltmaker MAXX MILEXX TPCS 8. Apex and bead-apex assembly 1. Beltlayers 1+2 2. Gum Edge 12. Body ply 1 13. Body ply 2 Tire building systems Non-TKH producedTKH produced Tire building machines: assembly Passenger Car Tires Truck and Bus Tires 3. Cap Strip 4. Tread 5. Tread base 6. Wingtips 7 . Bead 9. Innerliner 10. Rim cushion 11. Sidewall Leading player in tire building machines (assembly) with unrivalled ability to serve Tier 1 customers with a global manufacturing and service platform Successfully introduced tire component machines on the back of proven innovation track record, expanding addressable market organically; successful launches driving new business wins REVOLUTE and UNIXX Beltmaker Growth further driven by new product development and upgrade of existing capacity to meet new sustainability and technology requirements in tires Tire componentsBuilding a vulcanized tire: from tire component machines to assembly General Investor Presentation 37 Tire component prep machines August 2026
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TKH Group NV Consistent outperformance of the tire market Drivers of outperformance Drivers of outperformance: Introduction of MAXX: reducing the need for in-house development Market penetration at Tier 1 & 2 by ‘Hands Off, Eyes Off’ Tire Building Machine (TBM) technology Capex top tire builders World tire market Outsourcing Tiers 2s Outsourcing Tiers 1s Annual order intake 2000 – 2025 CAGR 9.5% Introduction MAXX Passenger Tires Truck Tires Services 2025 turnover 15% 55% 18% 12% Tier 1 Tier 2 Services Other54%25% 11% 10% Tier 1 Tier 2 Services Other 2021 order intake 2025 order intake Tier 1 Capacity reduction by factory closures & nearshoring Optimalization of footprint Higher level of automation required Tier 2: Capacity growth by spread APAC & nearshoring Significant expanding geographical footprint Nearshoring in MENA, MA and APAC continues Current market outsourced tire building machines General Investor Presentation 38May 2026
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TKH Group NV Drivers for Tire Building Machine demand growth 2024a 2030e RT OE 24% 37% 76% 63% 2024 2030 Tier 1 Tier 2 Tier 3 Total Outsourced Inhouse Tire market Ultra high performance tires Growth in outsourcing Addressable market Tier 1 Tier 2 Tier 3 Tier 1 Tier 2 Tier 3 €0.6 - €0.85bn €0.9 - €1.1bn Organic market growth CAGR 1.5% - 2% ~20% new tires ~80% replacement Product mix shifts towards Ultra High Performance Tire (UHP) in Passenger Tire (PT) Outsourced Tier 1: ~50% Total outsourced: ~75% At 100% outsourcing total Tire Building Machines market to grow to ~€1.2Bn 8.5% CAGR 50% 75% 100% 75% General Investor Presentation 39 ~1.5% CAGR August 2026
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TKH Group NV Extending our Service & Sales hubs Drivers for Tire Building Machine demand growth Rim size up >18” Tire specifications EV Tire Increasing Revenue per TBM sold 2009 ~ €2 - 4.0m ~ €1.5 - 2.5m MAXX intro 2024 MAXX Hands off, Eyes off 202X MAXX Autonomous Software licensing Customization Current estimated TKH installed base of total tire building machines: 30-35% Non-TKH installed base > 20yrs: 40% Replacement of existing TBM machines: ~75-80% of machines New machines additions: ~20-25% of machines Increased complexity Technological developments Services Product mix complexity demands flexibility in production and needs smaller batch sizes Technology evolution increases the value add Extend recurring service turnover Sustainable materials Enhance service & product portfolio Performance improvement packages Retrofit & upgrade packages General Investor Presentation 40August 2026
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TKH Group NV UNIXX Technology adapted Revolute UNIXX beltmaker Innovations: UNIXX revolutionize TBM UNIXX platform Tier 3 Tier 2 Tier 1 Addressable market growth UNIXX expected to ‘replace’ part of current TBM sales + part of component market 2-3x the price of current MAXX TBM technology UNIXX Technology highly automated, meeting demand for complexity More accurate components Less weight Better performance Less energy Less waste UNIXX’ strip winding technology allows for assembly and component production in one full fledge machine, replacing demand for different machines One stop shop Very high level of automation Highly flexible Shorter new tire development process Complex new tire compounds 1 General Investor Presentation 41 UNIXX MOTO Radial motorcycle tire assembly 2 August 2026
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Electrification
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TKH Group NV Electrification drives cable industry growth > 42.5% REPowerEU binding target for 2030 to 42.5% > €100bn p/y Annual EU investments to raise to > €100 billion annually till 2050 Net zero European corporates aim for carbon neutrality 2x by 2050 Power usage demand about to double by 2050 ACCELERATING RENEWABLE ENERGY POWER GRIDTRANSFORMATION SUSTAINABILITY GROWTH IN ELECTRICITY DEMAND General Investor Presentation 43August 2026 August 2026General Investor Presentation
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TKH Group NV 44 Electrification H1 2026 performance Key figures In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Turnover 328.2 246.3 33.3% 33.3% Offshore Energy 96.6 53.2 81.6% Onshore Energy 187.0 148.1 26.4% Specialty Cables 45.9 45.0 2.0% Added value 40.1% 39.1% Adjusted EBITDA 41.5 21.9 89.5% 90.0% EBITDA margin 12.6% 8.9% Adjusted EBITA 26.4 10.2 159.5% 160.4% ROS 8.0% 4.1% Order book 507.8 455.4 Highlights H1 2026 • In Q2 2026, turnover up by 36.9% vs Q2 2025 and 19.2% vs Q1 2026 • LTM H1 2026 Adjusted EBITDA to €73.8 million Offshore Energy • Turnover growth of 81.6% • Strong orderbook • Production output & yields Eemshaven improved considerably • Additional pipeline of 92 projects representing >14,400km Onshore Energy • Higher installation volume at customers • Efficiency improvements in roll-out of networks in NL • Removal of a number of regulatory constraints • Value of signed framework agreements amounts to €1.4 billion • Including €650 million framework contract with Alliander • Not included in our order book of €507.8 million Specialty Cables • Turnover increased slightly, affected by weak German economy Electrification’s improved operational performance recorded during the first quarters of 2026 expected to continue in H2 2026 General Investor Presentation August 2026
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TKH Group NV 45General Investor Presentation Electrification Financial Performance Turnover (in million €) 2021 Acquisitions Divestments FX effects Organic growth LTM H1 2026 0 100 200 300 400 500 600 700 800 Acquisitions Divestments* Organic growth €319m €0m €287m €604m €0m EBITDA 12.7% EBITDA 12.2% 15.3% average annual organic turnover growth (CAGR) €-2m FX 58%25% 17% Energy cables Offshore cables Specialty cables 60% 29% 8% 1% 2% NL Europe Asia North America Other Q2 2026 Turnover + 36.9% H1 2026 Orderbook €507.8m H1 2026 EBITDA + 90.0% LTM H1 2026 €73.8m EBITDA August 2026 H1 2026 Turnover H1 2026 Turnover * Divestments regrouped into “Other”
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TKH Group NV Power generation Power transmission Power utilizationPower distribution Offshore windfarm Energy grid connection Sub station Grid Offshore substation Offshore Energy Specialty High Voltage cables Medium Voltage cables Low Voltage cables TKH Electrification focus Inter-array Offshore cable 66kV>132kV and Energy cables >1kV and <220kV Specialty cables Export cable <525kV and land cable >220kV Building & Infrastructure cables HV >66kV – <132kV ◼ Innovative, sustainable and robust dry cable design with ease of installation at lower cost MV/LV >1kV – <50kV ◼ On time delivery, quality and short lead times for energy cables LV <1kV ◼ High-end and complex solutions across multiple end-markets HV >50kV – <220kV ◼ Tailored technical specifications to Dutch TSOs and DSOs with insight into design processes General Investor Presentation 46 Comprehensive suite of differentiated solutions August 2026
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TKH Group NV Copper data cables 2018 Turnover: €67m Industrial connect 2019 Turnover: €184m French distribution connectivity solutions 2023 Turnover: €129m TKH invested in electrification capacity expansion to meet strong market demand Offshore energy Inter-array capacity expansion Eemshaven – new production facility 1,200 km inter-array cable per year HV & MV onshore capabilities Flexibility: balancing and meeting demand Onshore energy High voltage capability expansion Lochem – focused high voltage production facility Further transform Lochem into dedicated efficient high-voltage facility Installed new Milliken strander Increased degassing capacity Onshore energy Medium & low voltage volume expansion Haaksbergen – transforming existing facilities Transform Telecom facilities (HKS) into Energy transition capabilities Match growing demand and won tenders needs €200m invested in capacity expansions Divestments Investments 2019 2022 2023 20242020 2021 €380m in turnover divested of commodity related activities ZTC General Investor Presentation 47 2025 August 2026
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TKH Group NV Cost of developing an offshore windfarm ~ 2% is related to IAC supply ~ 4% is related to IAC installation 48General Investor Presentation Offshore wind inter-array cables: unique design Unique Dry Inter-Array Cable Design Application: connecting wind-turbines 94% 4% 2% Out of TKH Scope IAC Installation IAC Supply Cost of developing a windfarm Unique sustainable design and environmentally friendly No risk of leaching chemicals or metals into the marine environment Efficient and unsoiled recoveries possible – high recyclability 100% dry design Longer durability Less materials needed (copper) – thinner cable and reduction of costs Unmatched cable performance Higher pulling forces allowing cable laying in extremer weather conditions Easy and more efficient installation Crush and impact resistant – less risks and protection of the fibre optic A differentiating cable, increasing sustainability and accelerating installation performance Aluminium welded sheath Compact & robust No use of lead or bitumen August 2026 • European majors1 structurally out of inter-array cables • Low risk of re-entering due to continuous supply constraints in export cables • Technical complexity limits the field to experienced players • Proven track record and trust • Local presence and access to partners to deliver on tight project timelines Offshore Energy #1 Based on 2024-26 tenders participated
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TKH Group NV 1.5 1.3 1.5 1.8 2.5 2.9 2.3 1.2 1.8 2.4 1.8 0.5 0.7 0.7 0.5 0.5 2025 2026 2027 2028 2029 2030 2040 Market Upside Offshore wind to be a higher share of energy mix Translating into demand for inter-array cables Offshore Energy: Multiple drivers 49 Source: Various sources, including 4C Offshore Note: 1 Offshore wind capacity figures are shown in the year of commercial operation; 2 Based on production year, which is two years prior to offshore wind farm’s commercial operations date 2 10 9 8 9 11 15 7 6 7 12 1 3 4 3 2025 2026 2027 2028 2029 2030 2040 Market Upside Offshore Wind Energy forecast - New Build1 (2025-40, GW, EMEA) New build array cable demand2 (2025-40, K km, EMEA) Decreasing cable need due to increasing turbine sizes, partially offset by increased distance between turbines and higher cable prices August 2026General Investor Presentation +10% +14% (3)% (3)%+28% +41% +6% +3% Offshore wind is more affordable and offer higher price stability than fossil fuels Complementary and more predictable supply pattern than onshore wind and solar energy Low carbon footprint after installation and serves as a direct substitute for fossil fuels Most demand through 2030 expected for 66 kV array cables (current standard in Europe/US), with a trend towards higher voltage Inter-array cable demand is expected to grow more slowly than installed GW capacity as inter-array cables are typically installed two years before an offshore wind farm’s commercial operation date
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TKH Group NV Onshore Energy: strong growth in MV cable demand 50 Sources: Various sources, including Enexis, Liander, Stedin, TenneT annual reports, DSOs/ TSO Investment plans, Netbeheer Nederland, Onshore Energy Demand High ‘congestion’ in NL grid ~15,000 customers waiting to be added to the grid Shortage of transport capacity with queue Area is under investigation with queue2 Limited transport capacity available without queue Transport capacity available without queue Significant investment in grid infrastructure, including MV cables 5.936 10.826 2025 2030 TenneT Liander Enexis Stedin DSOs TSO DSOs Announced CAPEX investments in Energy NL electrical infrastructure (2025-30, K km) +13% 6 Energy cable length of cable purchased by LV, MV, & HV (2025-30, K km) 8.5 14.5 2025 2030 HV MV LV +11% General Investor Presentation August 2026 • Market share secured by multi-year framework contracts and elevated share of wallet levels • Market share dependent on tender periods • Established relationships with all Dutch grid operators, installers & construction companies • Qualification and compliance standards • Local production footprint Onshore Energy ~30-35% Share in Dutch MV DSO cables (2025)
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TKH Group NV TSO announced CAPEX investments in onshore NL electrical infrastructure (2025-30, €bn, 2026 price level) Onshore Energy: strong growth in HV cable demand 51August 2026General Investor Presentation 2.8 4.6 2025 2030 18 32 2025 2030 Annual grid investments in selected European TSOs (2025-30, €bn) Source: Various sources, Enexis, Liander, Stedin, TenneT Significant investment plans in Dutch electrical infrastructure Additional growth in broader European market +11% Backlog of installed GW grid capacity in NL is estimated at ~120GW +12% TSOs/DSOs are accelerating grid reinforcement and expansion projects to address congestion NL government has designated grid expansion as a national priority to address gris connection backlogs and congestion
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TKH Group NV Continuous innovations 52 June 2026 Further R&D projects in the making • Increase speed of installation • Pluggable MV and LV cable solutions LV Next • High voltage portfolio expansion • Address high voltage <220kV market need • International expansion of the HV cables footprint to our European TSOs High Voltage portfolio expansion >150kV Further innovations Fast innovation and commercialization Annual R&D spend as % of sales 13% Avg. 2023-25 Sales p.a. from innovations1 1.7% Avg. 2023-25 Note: 1 Innovations defined as new products that have been commercialized 2 years prior to the start of a financial year Well-positioned to transition to 132kV and floating wind Upside potential from 132kV cables with minimal additional capex 132 kV cables • 132kV new standard as larger turbines require HV cables • Offering in development / testing phase • Dry cable design strong USP • Impact: from 2035+ • Dynamic cables as offshore wind expands into deeper waters • In development / testing phase • Impact: from 2035+ General Investor Presentation Floating wind • Cable monitoring systems August 2026
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TKH Group NV Equipped to meet current demand with potential for expansion Flexible production 53 Strategically located production facilities Equipped to meet current demand with potential for expansion Lochem Eemshaven Haaksbergen Operations Energy HV Offshore inter-array Energy LV to MV base Flexible inter-array offshore support Flexible HV & MV onshore capacity support Energy transition ⚫ Operational since 1963 ⚫ Completed in 2024 ⚫ Operational since 1930 Expansions ⚫ Expanded to HV in 2024 ⚫ Recently installed new Milliken strander and expanded degassing capacity ⚫ Inter-array production capacity has tripled ⚫ Utilization & yield levels to increase ⚫ MV and LV cables, with potential to grow MV and HV capabilities Primary Secondary ◼ Lower transportation and logistics costs ◼ Strategically located with direct access to North and Baltic seas ◼ Shorter lead times Integrated operations enable manufacturing flexibility and scalability Note: 1 CDCC: Completely Dry, Curing and Cooling; 2 Specialty cable production facilities located in Zhangjiagang, China and Rawicz, Poland Distribution countries Production facilities2 Offshore and Energy footprint August 2026General Investor Presentation
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TKH Group NV Electrification well positioned for the future 54 • Leading player in Europe • Substantial orderbook • Differentiated technology • Facilities ramp up • North Sea access • Ongoing innovations (e.g., floating Offshore) • Leading player in NL with EU expansion • Framework agreements • Trusted customer relationships • Potential for product expansion • Customer proximity • Ongoing innovations (e.g., plug-in cable) • Market specialisation • Design and technical know-how • Broad product portfolio • Long-term key customer relationships • Stable, high margins Offshore Energy Onshore Energy Specialty Cables August 2026General Investor Presentation
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Financial Performance H1 2026
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TKH Group NV Q2 2026 Key Figures 56 €507.6 Turnover +18.0% Vision Technologies Turnover +16.1% €67.3 Adjusted EBITA +67.5% Automated Machinery Turnover -5.5% 13.3% ROS Q2 2025: 9.2% Electrification Turnover +36.9% Adjusted EBITA & ROS are excluding one-off expenses of €3.9 million in Q2 2026 (Q2 2025: €15.1 million) All growth rates are organic growth rates • Automation’s Adjusted EBITA showed a marked organic growth compared to Q2 2025, as well as sequential quarterly growth compared to Q1 2026 • Electrification’s Adjusted EBITDA showed a very sharp organic growth compared to Q2 2025, as well as sequential quarterly growth compared to Q1 2026 • Order intake in Q2 2026 reached €508.1 million (Q2 2025: €381.8 million) Automation Turnover +5.9% August 2026General Investor Presentation
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TKH Group NV H1 2026 Performance 57 €858.1 €955.9 H1 2025 H1 2026 €80.2 €113.7 H1 2025 H1 2026 9.3% 11.9% H1 2025 H1 2026 50.7% 50.2% H1 2025 H1 2026 • One-off net expenses in H1 2026 amounted to €4.5 million (H1 2025: €16.3 million) All growth rates are organic growth rates Turnover Added Value Adjusted EBITA* ROS +14.0% +43.5% August 2026General Investor Presentation
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TKH Group NV H1 2026 Performance 58 15.8% ROCE H1 2025: 13.4% 16.1% Innovation rate H1 2025: 16.4% €1,031.2m Orderbook Dec 2025: €1,027.8m 75% Turnover linked to SDGs H1 2025: 67% €502.4m Net debt Dec 2025: €461.4 Obtained by VMI August 2026General Investor Presentation
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TKH Group NV 59 Vision Technologies H1 2026 performance Security Vision Growth driven by the delivery of several larger projects • Including parking-related projects in the US and other regions Machine Vision 2D and 3D Vision recorded strong growth compared to H1 2025 • Benefited from strong demand from the consumer electronics, battery, factory automation, and semiconductor markets APAC making particularly strong contribution Integration of 2D brands well on track • Successful launch of all 2D branding activities to the one brand Allied Vision Expectations for Machine Vision are positive for H2 2026, supported by a strong order book Key figures In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Turnover 270.0 245.2 10.1% 12.1% Added value 62.7% 62.6% Adjusted EBITA 54.5 43.7 24.8% 27.5% ROS 20.2% 17.8% Order book 170.1 141.1 Highlights H1 2026 August 2026General Investor Presentation
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TKH Group NV 60 Automated Machinery H1 2026 performance Key figures In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Turnover 218.5 231.8 -5.7% -5.7% Added value 52.9% 54.2% Adjusted EBITA 35.0 44.5 -21.4% -21.1% ROS 16.0% 19.2% Order book 259.2 420.2 Highlights H1 2026 • As anticipated, Automated Machinery’s performance in H1 2026 was affected by lower order intake in Tire Building systems in previous quarters • Current geopolitical circumstances, high energy costs, and tariff uncertainties continue to delay order placements by tire manufacturers • Long-term drivers for advanced tire building systems remain intact • need for greater production flexibility • increased sustainability • higher levels of automation • Drivers will fuel future demand for TKH’s highly automated Tire Building systems August 2026General Investor Presentation
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TKH Group NV 61 Electrification H1 2026 performance Key figures In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Turnover 328.2 246.3 33.3% 33.3% Offshore Energy 96.6 53.2 81.6% Onshore Energy 187.0 148.1 26.4% Specialty Cables 45.9 45.0 2.0% Added value 40.1% 39.1% Adjusted EBITDA 41.5 21.9 89.5% 90.0% EBITDA margin 12.6% 8.9% Adjusted EBITA 26.4 10.2 159.5% 160.4% ROS 8.0% 4.1% Order book 507.8 455.4 Highlights H1 2026 • In Q2 2026, turnover up by 36.9% vs Q2 2025 and 19.2% vs Q1 2026 • LTM H1 2026 Adjusted EBITDA to €73.8 million Offshore Energy • Turnover growth of 81.6% • Strong orderbook • Production output & yields Eemshaven improved considerably • Additional pipeline of 92 projects representing >14,400km Onshore Energy • Higher installation volume at customers • Efficiency improvements in roll-out of networks in NL • Removal of a number of regulatory constraints • Value of signed framework agreements amounts to €1.4 billion • Including €650 million framework contract with Alliander • Not included in our order book of €507.8 million Specialty Cables • Turnover increased slightly, affected by weak German economy Electrification’s improved operational performance recorded during the first quarters of 2026 expected to continue in H2 2026 August 2026General Investor Presentation
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TKH Group NV 62 Other H1 2026 performance Key figures In € million unless otherwise stated H1 2026 H1 2025 ∆ in % Organic ∆ in % Turnover 144.9 140.2 3.4% 15.6% Added value 44.0% 43.3% Adjusted EBITA 10.7 -5.6 ROS 7.4% -4.0% Order book 94.1 63.1 Highlights H1 2026 Divestments reduced turnover by 11.9%, related to Dewetron in H2 2025 and Alphatronics in H1 2026 Digitalization (75% of segment turnover) • Significant growth in both turnover and EBITA, driven by strong global demand for optical fibers • Growth of global demand has been driven by substantial investments in AI and the defense industry • Favorable market price • Optical fibre is produced at TKH’s facilities in China • Increased output in the Polish factory serving the European fiber optic cable market August 2026General Investor Presentation
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TKH Group NV Geographical distribution of turnover NETHER- LANDS EUROPE (OTHER) ASIA NORTH AMERICA OTHER Vision Technologies Automated Machinery Electrification Other H1 2026 H1 2025 Netherlands 26.0% 23.3% Europe (other) 33.7% 33.6% Asia 26.2% 24.1% North America 8.8% 16.6% Other 5.3% 2.4% 63August 2026General Investor Presentation
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TKH Group NV Profit and Loss account € million H1 2026 H1 2025 Δ in % Turnover 955.9 858.1 11.4% Raw materials and subcontracted work -475.8 -423.3 Added value 1) 480.1 50.2% 434.8 50.7% 10.4% Operating expenses -335.0 -324.9 3.1% Adjusted EBITDA 1) 145.1 15.2% 109.9 12.8% 32.0% Depreciation -31.5 -29.7 Adjusted EBITA 1) 113.7 11.9% 80.2 9.3% 41.7% One-off income & expenses - 4.5 -16.3 Amortization - 32.3 - 30.2 Impairments - 1.2 - 4.4 Operating result 75.8 29.3 Result associates 2.9 -0.1 Other financial result -17.3 -11.0 Result before taxes 61.4 18.2 Taxes -14.1 -4.6 Net profit 47.3 4.9% 13.6 1.6% 247.0% Adjusted net profit 1,2) 56.6 5.9% 36.0 4.2% 57.3% 1) Excluding one-off income and expenses 2) Before amortization of PPAs and one-off income and expenses attributable to shareholders € million Turnover H1 2025 858.1 Acquisitions & divestments - 16.6 - 1.9% Currency translation - 5.4 - 0.6% Organic growth 119.8 14.0% H1 2026 955.9 11.4% • Electrification – Larger share in total turnover; operational improvements contribute to increase in added value % • Automation – Stable added value % in Vision Technologies and a slight decrease at Automated Machinery due to product mix • Other – Improvement of fibre prices supported recovery in added value • Higher turnover-related operating expenses • Higher depreciation resulting from commissioning Eemshaven plant in 2025 € million Adjusted EBITA H1 2025 80.2 Acquisitions & divestments -0.1 -0.1% Currency translation - 1.3 - 1.7% Organic growth 34.9 43.5% H1 2026 113.7 41.7% 1 2 3 4 1 2 3 4 64August 2026General Investor Presentation
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TKH Group NV Profit and Loss account Other financial result • decrease net interest expenses due to lower interest rates • negative exchange results for mainly USD and CNY balances and transactions Normalized effective tax rate at 24.2% (2025: 25.6%) partly due to R&D tax facilities in several countries Result associates largely attributable to • one-off profit from divestment of Alphatronics 6 7 8 6 7 8 65 5 5 One-off expenses related to • acquisitions and divestments, including carve-out of Electrification • 2025: one-off transportation costs due to delayed ramp-up of Eemshaven and restructuring costs in Digitalization 1) Excluding one-off income and expenses 2) Before amortization of PPAs and one-off income and expenses attributable to shareholders € million H1 2026 H1 2025 Δ in % Turnover 955.9 858.1 11.4% Raw materials and subcontracted work -475.8 -423.3 Added value 1) 480.1 50.2% 434.8 50.7% 10.4% Operating expenses -335.0 -324.9 3.1% Adjusted EBITDA 1) 145.1 15.2% 109.9 12.8% 32.0% Depreciation -31.5 -29.7 Adjusted EBITA 1) 113.7 11.9% 80.2 9.3% 41.7% One-off income & expenses - 4.5 -16.3 Amortization - 32.3 - 30.2 Impairments - 1.2 - 4.4 Operating result 75.8 29.3 Result associates 2.9 -0.1 Other financial result -17.3 -11.0 Result before taxes 61.4 18.2 Taxes -14.1 -4.6 Net profit 47.3 4.9% 13.6 1.6% 247.0% Adjusted net profit 1,2) 56.6 5.9% 36.0 4.2% 57.3% August 2026General Investor Presentation
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TKH Group NV 299.7 44.1 2.9 -2.6 -2.9 0.8 -0.9 341.0 260 280 300 320 340 360 66 Balance sheet (in € million) June 30, 2026 Dec. 31, 2025 Intangible assets and goodwill 594.1 597.7 Property, plant and equipment 502.6 501.1 Right-of-use assets 82.8 77.8 Other non-current assets 45.9 45.1 Total non-current assets 1,225.5 1,221.7 Current assets 886.3 805.4 Cash and cash equivalents 114.5 125.3 Total current assets 1,000.9 930.7 Assets held for sale 0 0 Total assets 2,226.4 2,152.4 Total group equity 900.9 899.9 Borrowings 641.0 565.6 Other non-current liabilities 68.6 71.2 Total non-current liabilities 709.6 636.8 Borrowings 70.6 109.9 Other current liabilities 545.3 505.7 Total current liabilities 615.9 615.6 Liabilities held for sale 0 0 Total equity and liabilities 2,226.4 2,152.4 Changes in working capital (in € million) Use of non-recourse factoring • Jun 30, 2026 • Dec 31, 2025 • Jun 30, 2025 €49.1 million €43.8 million €43.0 million Use of supply chain finance • Jun 30, 2026 • Dec 31, 2025 • Jun 30, 2025 €56.5 million €35.5 million €36.1 million 17.0% 1 1 1 18.3% (in € million) August 2026General Investor Presentation
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TKH Group NV Changes to Net Debt 67 (in € million) Net debt / EBITDA • June 30, 2026: 1.8 • December 31, 2025: 1.9 • June 30, 2025: 2.6 August 2026General Investor Presentation
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TKH Group NV Free cash flow FCF conversion is affected by developments in working capital. Working capital ratio for the period-end included in the overview are: • 2023: 16.7% • 2024: 17.9% • H1 2025: 19.8% • H2 2025: 17.0% • H1 2026: 18.3% FCF-conversion is traditionally lower in the first half year and stronger in second half due to working capital development Net cash flows from acquisitions and divestments have not been included in FCF (in million € unless stated otherwise) H1 2026 H2 2025 H1 2025 2025 2024 Operating result 75.8 73.7 29.3 103.0 130.6 Depreciation, amortization and impairment 65.0 66.6 63.8 130.4 121.3 EBITDA 140.8 140.3 93.1 233.4 251.9 Change in working capital -46.1 22.4 - 22.4 0 13.9 Taxes paid - 6.6 - 0.6 - 12.3 - 12.9 - 45.3 Other -0.3 3.1 - 2.2 0.9 3.9 Cash flow from operations before interest 87.8 165.1 56.2 221.2 224.4 Payment of lease liabilities - 7.8 - 8.4 - 8.8 - 17.2 - 16.0 Capital expenditure PP&E - 29.3 - 29.2 - 39.8 - 69.0 - 98.7 Capital expenditure intangibles - 29.3 - 29.3 - 30.8 - 60.1 - 61.7 Free Cash Flow (‘FCF’) 21.4 98.2 - 23.2 74.9 48.0 EBITDA to FCF conversion 15.2% 70.0% - 24.9% 32.1% 19.1% 1 2 1 2 68August 2026General Investor Presentation
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TKH Group NV Outlook General Investor Presentation 69August 2026
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TKH Group NV Outlook 2026 TKH reiterates its outlook communicated at the publication of its Q1 2026 results. Barring unforeseen circumstances, TKH expects organic growth in both turnover and Adjusted EBITA in 2026. 70General Investor Presentation August 2026General Investor Presentation
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Thank you