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H1 2026 Results Presentation August 25, 2026
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Disclaimer This presentation is intended only for information purposes. It is not final. It contains forward-looking statements. These are based on current assumptions, estimates and expectations of company management concerning future developments related to the company. They are associated with risks and uncertainty and have not been independently verified. Such forward -looking statements may include term s including but not limited to “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” ”can,” “could,” “plan,” “project,” “should,” “future potential,” “perspective” or “goal.” These refer only t o non-binding possibilities and potentials in this form and estimated at this time, and not to measurable or reliable management or company key indicators, including retrospectively. Published management and company key indicators are unaffected thereby. These forward-looking statements are thus not suitable for evaluating the company or making any other economic evaluations, and in particular do not constitute a basis, recommendation, solicitation, advice or offering for investment decisions. They further do not constitute a promise or guarantee that the expectations described here in will prove correct. Actual events and results may deviate substantially from the forward -looking statements, positively or negatively. Many uncertai nties and the consequential risks are affected by circumstances that Gebr. SCHMID GmbH / SCHMID Group N.V. has no control or influence over, and that cannot be assessed with certainty. These include an adver se development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of f orce majeure including natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities ; changes in currency exchange rates, customs and foreign trade provisions; a shift in consumer preferences; a possible lack of acceptance of our products or services which limits our ability to achieve prices an d adequately utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials or energy, labor strikes or supplier insolvencies; the effective imple mentation of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint v entures; changes in laws, regulations and government policies; the resolution of pending governmental investigations or of investigations requested by governments and the outcome of pending or threatened future leg al proceedings; actions by other market participants and competitors. Except where required by law, Gebr. SCHMID GmbH / SCHMID Group N.V. assumes no obligation to update or revise any forward -looking statements to reflect events or circumstances arising after the date of this presentation; however, the right to make such changes is reserved. No guarantee is made, nor liability accepted, whether expl icit or implicit, for the timeliness, accuracy, or completeness of the forward -looking statements contained herein. This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to sell, or a s olicitation of an offer to purchase or subscribe for, any securities of Gebr. SCHMID GmbH / SCHMID Group N.V. in any jurisdiction. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied upon in connection with, any contract or commitment or investment decision whatsoever. Where not otherwise mandated by law, Gebr. SCHMID GmbH / SCHMID Group N.V. accepts no obligation with respect to these forwar d-looking statements to make corrections or changes due to circumstances that occur after the date of this presentation; the right to make such changes is nevertheless reserved. No guarantee is made , or liability accepted, implicitly or explicitly, for the timeliness, correctness or completeness of the forward-looking statements herein contained. Brands and other trademarks used in this presentation and protected by third parties are subject to the provisions of the res pective trademark laws and the rights of the registered owners thereof. Copyright and reproduction rights for this presentation and for brands and other trademarks of Gebr. SCHMID GmbH are reserved, where not ot herwise explicitly agreed. The Management Board, Gebr. SCHMID GmbH / SCHMID Group N.V.
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Today‘s Presenters Arthur Schuetz Chief Financial Officer Roland Rettenmeier Chief Sales Officer 2
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Building the foundation for profitable growth €33m NEW CAPITAL Convertible and SEPA net raising €52m ORDER MOMENTUM Q3 Strong pickup from mid Q2 €31m DEBT REDUCTION Debt-to-equity swap €4m FIX COST -OUT ACHIEVED Sprint overhead savings run-rate ✓ Solid financing structure established ✓ Purchasing cost reduction program now underway ✓ Rebuilt working capital and invested in growth ✓ Order intake accelerating across global markets, led by China ✓ Overhead costs in Germany reduced through the Sprint program ✓ Positioned for a stronger H2 2026 and a promising 2027 2026 remains a transition year – but the foundation is now in place for strong H2 2026 and a promising 2027
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P&L – H1 2026 vs. H1 2025 in € thousand H1 2026 H1 2025 Revenue 45,999 16,892 Cost of materials and services (36,227) (18,539) Gross profit (loss) 9,772 (1,647) Selling (5,411) (5,762) General administration (8,532) (5,472) Research and development (2,357) (1,563) Other income 1,304 6,914 Other expenses (2,735) (275) Operating profit (loss) (7,959) (7,804) Financial result (38,834) (2,285) Income (loss) before income tax (46,793) (10,090) Taxes (1,015) (76) Net income (loss) for the period (47,809) (10,165) • H1 2026 revenue of €46.0m reflect seasonally weaker Q1 revenues of €18.2million and stronger €27.8m in Q2 • Equipment revenues increased from €10.7 in H1 2025 to €39.4m in H1 2026 while spare parts & services revenues increased from €5.9m to €6.4million y-o-y • Gross profit margin (21.2%) lower than expected at this revenue level given lower German production-based revenues and higher China weighting • G&A expenses increased in H1 2026 because of Sprint restructuring, share-based compensation and capital structure restructuring items • Other income and other expenses H1 2026 include €1.7m foreign exchange losses (H1 2025 €6.3m gains) • Financial result losses reflect accounting treatment of the XJ Harbour liability converted into shares on January 16, 2026, and to a lesser extent to the fair-value movements of the Company’s warrants Slow start in Q1 and lower gross margin than expected
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Adjusted EBITDA reconciliation in € thousand H1 2026 H1 2025 Net income (loss) for the period (47,809) (10,165) Income tax (benefit) expense 1,015 76 Financial result 38,834 2,285 Amortization and depreciation 2,433 2,547 Sprint restructuring costs 418 - Share-based compensation 1,422 - Capital structure restructuring costs 1,401 - Foreign exchange (gains)/losses 1,724 (6,326) Adjusted EBITDA (563) (11,584) • Financial result: Mostly non-cash XJ Harbour liability conversion and to lesser extent warrant fair-value changes • Sprint: German overhead efficiency program restructuring costs including paid leave and severance payments • Share-based compensation: 2026-2027 C-level awards, front-loaded expense recognition • Capital structure restructuring costs: Double 20-F filing, generally higher filing requirements until February 2027 and debt-to-equity conversion costs • FX: currency and conversion timing
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Cost reduction roadmap Why it matters Sprint reduced German overhead costs; purchased materials are still >50% of total expenses — the next lever for margin improvement. ✓ Sprint I – Overhead RUN-RATE ≥ €4m • Initiated January 2026; German HQ overhead efficiency measures, more than 40 FTEs in German overhead functions identified with most departures in Q3 • Run-rate savings target: ≥ €4m per year, fixed-cost reduction largely achieved • One-time restructuring cost: ~€0.7m, mostly H1 including paid leave and severance payments 2 Sprint II – Purchasing TARGET ≥5% • Leverage Purchasing Scale – consolidate volumes, renegotiate terms and rebates • Focus on High-Value Components – ABC analysis, standardize and optimize • Drive A-Material Savings – target top suppliers, qualify alternative sources • Design-to-Cost –redesign high-cost components Majority of the savings are expected to be realized by year - end Key message: Sprint delivered ~€4m in German overhead savings; the purchasing program targets a ≥5% reduction in purchasing costs (>50% of total expenses) – together, a sustainable path to margin improvement.
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Financing cash flow mostly invested in working capital 7 ~€26m Working capital inv. Starting from unusually negative working capital end 2025 and causing most of the €29.3 operating cash outflow in H1 2026 €0.8m Capex €2.5m cash used in investing activities, of which €0.8m related to property, plant & equipment investment €33m Financing activities Mostly raised through the convertible and standby-equity- purchase agreement issuances in € thousand 2025 H1 2026 Inventory 18,112 23,448 Trade receivable 33,653 49,551 Other current assets 3,918 4,680 Total WC assets 55,683 77,679 Current contract liabilities 13,555 11,862 Trade payables 38,071 37,846 Other current liabilities 15,505 13,373 Current provisions 415 752 Income tax liabilities 531 - Total WC liabilities 68,077 63,833 Total WC (12,394) 13,846 As % LTM sales (19%) 14% Working capital expected to trend flat to down through year-end, supporting a positive working capital inflow Cash Flow
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Strengthened balance sheet supports next growth phase 8 €30.75m Debt reduction Conversion of debt from shareholders and related parties, significantly reducing financial debt €20m China debt financing capacity Combined new non-recourse debt limit for Chinese expansion, fully compliant with convertible debt covenants* $21m Standby equity remaining No issuance under the facility since June 30, 2026, and none planned for the remainder of 2026 * Financing for the new Chinese production campus is structured as non -recourse project and combined with wider Chinese operations bank debt requires no security or guarantees from TopCo N.V. or German subsidiary and is permitted under financing restrictions ** This reflects $1m conversion occurring in July 2026 (€m unless $m) Dec 2025 Jun 2026 Loans from shareholders and other related parties 45.2 17.5 Third party debt 7.7 5.9 Total debt excl. converts 53.0 23.4 Black Forest convertible (nominal value) 2.5 2.5 2028 Convertible Note (nominal value) - $11.0m** Greater financing flexibility including allowing for debt financing for working capital growth Note: Another $20m convertible was raised on July 14, 2026
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Operational Update Technology & customer momentum • Delivery of first specialized InfinityLine H+ for panel level packaging with formats up to 700×700mm to a leading U.S. technology Company New China manufacturing campus • In June, SCHMID signed a preliminary manufacturing project letter of intent and investment framework agreement with local authorities in Banfu Industrial Zone, Guangdong Province • Consolidates two existing leased China facilities into a single site and is expected to nearly double effective China manufacturing capacity through improved layout, logistics and workflow efficiency • Total investment of approximately €11m for land, construction and related infrastructure; operations targeted to commence around Q4 2027 Malaysia facility up-and-running • Successful establishment of Malaysian facility • Hiring additional personnel to support growing Key Customer
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Order intake accelerating €96.6m Order intake year-to-date €95.0m Order backlog as of Aug 21 • Acceleration of orders since end of Q2, led by global FCBGA Substrate investments as well as AI infrastructure and optical-module demand across Greater China and South Korea. • Q3 order intake includes repeat order of ~37m for advanced HDI-ML and mSAP equipment • Full-year guidance of €125-150m; Company expects to land in the upper half of that range13.6 30.7 52.3 0 10 20 30 40 50 60 70 80 90 100 Q1 Q2 Q3 to Aug 21 Note: Order intake and order backlog figures relate exclusively to orders for equipment and do not include orders associated with services or spare parts
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New guidance Updated outlook across revenue, margin and order intake REVENUE → UNCHANGED Previous ≥ €100m New Guidance ≥ €100m Guidance floor maintained at the prior level Adj. EBITDA MARGIN ↓ LOWER Previous >12% New Guidance 6-9% Range reduced versus previous guidance ORDER INTAKE HIGHER Previous €125–150m New Guidance Upper half New guidance set toward the upper half of the prior €125–150m range
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Appendix
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Potential dilution Instrument Outstanding Maturity / expiry Conversion / exercise 2028 Convertible Notes $11.0m of $30.0m; $19.0m converted, 7% p.a. quarterly PIK Jan 21, 2028 95% of VWAP, floor $1.93, cap $9.65 2029 Convertible Notes $20.0m, 5% p.a. quarterly PIK Jan 14, 2029 Lower of $10.50 or 97% of VWAP, floor $1.93 2026 Warrants 3,744,150 Dec 15, 2028 $8.0125 cash; Company may elect cashless Public Warrants (SHMD.W) 11,250,000 Apr 30, 2029 $11.50 cash or cashless per 2021 warrant agreement Private Placement Warrants 9,750,000 Apr 30, 2029 $11.50, cashless only; mandatory exercise at/above $18.00 2025 Convertible Loan (related party) €2.5m plus 15% p.a. accrued at maturity Mar 16, 2027 $2.15 fixed, convertible since Jun 18, 2026 2025 Black Forest Options 1,250,000 Dec 16, 2030 $4.1956 Standby Equity Purchase Agreement Up to $30.0m; $9.0m utilized May 2028 99% of VWAP or 97% of lowest 3-day VWAP (1) Excludes 5,000,000 free shares issuable to Christian and Anette Schmid if the $15.00/$18.00 share price thresholds are reached in 2027. Shares and options related to share-based compensation are excluded from this analysis. 60.96m ordinary shares outstanding as of August 21, 2026 – illustrative dilution from outstanding instruments at four share-price scenarios (1)
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Potential dilution (cont’d) • Table below shows the Ordinary Shares issuable upon conversion or exercise in full of the instruments above at four illustrative share prices • Conversion prices of the 2028 and 2029 Convertible Notes are approximated at 95% and 97% of the illustrative price, respectively, subject to the floors and caps shown • Actual conversion prices are determined under the relevant indentures. Figures are based on principal amounts and exclude accrued PIK interest and shares million shares $5.00 $7.00 $9.00 $12.00 2028 Convertible Notes – $11.0m 2.3 1.7 1.3 1.1 (a) 2029 Convertible Notes – $20.0m 4.1 2.9 2.3 1.9 (a) 2025 Black Forest Convertible Loan – €2.5m at $2.15 1.6 1.6 1.6 1.6 (b) 2025 Options – 1,250,000 at $4.1956 1.25 1.25 1.25 1.25 2026 Warrants – 3,744,150 at $8.0125 (e) – – 3.7 3.7 Public / Private Warrants – 21,000,000 at $11.50 – – – 5.25 (c) New shares 9.3 7.5 10.2 14.9 Dilution (vs. 60,958,903 shares) (d) +13% +11% +14% +20% Cash proceeds to the Company assuming cash exercise $5.2m $5.2m $35.2m $35.2m (a) At $12.00, conversion prices are capped at $9.65 (2028 Notes) and $10.50 (2029 Notes); above these levels the number of share s issuable no longer declines as the share price rises. (b) 2025 Convertible Loan accrues 15% p.a. interest to conversion at a 1.16 €/$ rate. (c) The 11,250,000 public warrants are exercisable for cash at $11.50 (up to $129.4m in aggregate); the 9,750,000 private placeme nt warrants may only be exercised cashless under the undertaking agreement dated January 29, 2024 and generate no cash proceeds. If shares trade at/above $10.00 for 20 of 30 days, the Company may redeem all 21,000,000 warra nts at $0.10/warrant, triggering cashless exercise per the make -whole table – e.g. approximately 0.25 shares per warrant (~5.25m shares in aggregate) at a $12.00 redemption fair market value, up to a maximum of 0.361 shares per warrant at $18.00 or above; no cash proceeds to the Company in a cashless exercise. (d) At each of the illustrative prices, the $15.00 and $18.00 share price thresholds (each for 20 of 30 trading days by April 30, 2027) would not be met and all 5,000,000 earn -out shares would be cancelled; dilution is therefore calculated as new shares divided by the sum of 60,958,903 Ordinary Shares (excluding earn -out shares) and new shares. Illustrative only; not a prediction of share price or holder behavior. (e) 2026 Warrants may also be exercised cashless at the Company’s election, reducing both dilution and cash proceeds.
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investor-relations@schmid-group.com investor-relations@schmid-group.com +49 7441 538 0 Robert-Bosch-Str. 32-36 72250 Freudenstadt www.schmid-group.com Thank you for your Attention! Please feel free to contact us if you have any questions 15