PUBLICATION OF

RESULTS

Q1-Q3/2023

Bergheim, October 30, 2023

PALFINGER at a glance

NUMBER 1 IN THE WORLD

1

Global market leader for cranes and

lifting solutions with a revenue of

EUR 2.23 billion in 2022

Present in all regions with 30 production sites and around 5,000 service centers

Around 12,700 employees (not including contract

workers) at the end of Q3/2023

Revenue distribution by region Q1-Q3/2023:

60% EMEA

25% NAM

5% LATAM

5% CIS*

5% APAC

* The value of all assets in Russia amounts to approx. EUR 130 million

The right solution for every challenge

RESILIENCE THROUGH INDUSTRY DIVERSITY

> 40% Construction

~ 15% Forestry & Agriculture

> 10% Waste Mgmt & Recycling

> 5% Transport & Logistics

~ 5% Public Sector

~ 5% Rental

~ 5% Offshore | Oil and Gas

< 5% Railway

< 5% Offshore Wind

< 5% Aquaculture & Fishing

< 5% Passengers | Cruise

3

Sustainability

SUSTAINABILITY AS A KEY DRIVER OF STRATEGIC AND OPERATIONAL ACTION

FOR THE LIVING PLANET WE

ALL DEPEND ON

Fewer emissions

Positive impact on

the value chain

Greenhouse gas

Power from renewable

emissions as CO2

equivalents

energy sources

(Scope 1 and Scope 2)

31,685 t in CO2

61 percent*

equivalents*

FOR ALL THE PEOPLE

FOR THE FUTURE-FORWARD

WE TOUCH

WAY OF DOING BUSINESS

Safe & healthy

Committed to

on all levels

our values

Focus on

Qualified & diverse workforce

Governance & Transparency

Accident rate

International employees at

Number of proven cases of

headquarters

corruption

TRIR 11.6

25 percent

0 cases

*) As at end of September 2023. Not all data is available at the time of reporting.

The figures presented therefore contain estimated values (~ 8% of total energy consumption are estimated).

4

2021 at a Glance

Q1-Q3/2023 at a glance

Q1-Q3/2023 EXCEPTIONAL PERFORMANCE IN A DIFFICULT ENVIRONMENT

REVENUE, EBIT AND CONSOLIDATED NET RESULT AT RECORD LEVELS.

INFLATION AND HIGH INTEREST

HIGH INVENTORY LEVELS DUE

RATES IMPACT ORDER

TO POOR TRUCK DELIVERY

INTAKE IN EMEA.

RELIABILITY IN EMEA AND NAM.

5

SEGMENT

SALES & SERVICE

Vision and Strategy 2030

Segment Sales & Service

HIGH PROFITABILITY IN EMEA AND NAM

NAM: Revenue growth above 30 % and continued positive development in

LATAM: Solid performance despite difficult market environment.

APAC: High order intake for loader cranes, particularly in the

future market of India. Revenue and profitability significantly above the previous year's level. No improvement in China.

MARINE: Good order intake in the Marine Handling Solutions and Boats & Davits

sectors. Increase in revenue and profitability.

EMEA: Order intake at low level due to macroeconomic developments. Significant increase in revenues across all product lines and improved profitability due to the fully effective price increases compared to the previous

Inventory levels: Poor delivery reliability for trucks leads to bottlenecks in the

installation network and as a result to high stocks of finished goods.

Segment Sales & Service

SIGNIFICANT GROWTH IN REVENUE AND EBIT DUE TO FULL EFFECTIVENESS OF THE IMPLEMENTED PRICE INCREASES

in EUR million

Q1-Q3/2021

Q1-Q3/20221)

External revenue

1,241.5

1,379.9

EBITDA

151.2

122.2

EBIT

124.8

105.2

EBIT margin

10.1 %

7.4 %

Q1-Q3/2023

1,629.5

165.8

148.3

9.1 %

Δ%

+18.1 %

+35.7 %

+41.0 %

-

1) Previous year figures for Q1-Q3/2022 were retroactively adjusted to the new segmentation structure.

8

SEGMENT

OPERATIONS

Vision and Strategy 2030

Segment Operations

SUPPLY CHAIN IMPROVEMENT AND START OF DECLINE IN MATERIAL PRICES

Significantly improved delivery reliability for purchased components due to the macroeconomic environment.

Stable production output in EMEA. Production in NAM region slowed down due to chassis availability.

Decrease in freight costs and falling material costs start to have an impact in Q3.

Groundbreaking ceremony in Niš in September for new production plant - attractive wage cost levels and very good employee availability.

10

Attachments

Disclaimer

Palfinger AG published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 13:31:49 UTC.