Aebi Schmidt Holding AG

Good day and thank you for standing by. Welcome to the Abi Schmidt Group's second quarter 2026 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you will need to press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your first speaker today, Simone Grancini, Investor Relations Director. Please go ahead.

Thank you, Sharon. Good morning and welcome to the EpiSchmidt second quarter 2026 earnings call. Joining me on the call today are Barend Fruithof, Chairman and Group CEO, who will provide the highlights of the second quarter and outlook and concluding remarks, Steffen Schewerda, CEO of North America and Henning Schroeder, CEO of Europe and the rest of the world, who will detail the performance in the respective segments, and Marco Portmann, Group CFO, who will provide a financial overview. Today's comments include forward-looking statements, subject to the Safe Harbor language contained in this morning's press release and in Ebi Schmidt's filings with the SEC. And as a reminder, all 2025 comparative figures referenced in today's material, like all figures prior to the July 1st, 2025 acquisition, are presented on a combined basis for Ebi Schmidt and the acquired shift group. Accordingly, all year-over-year comparisons are based on combined 2025 financial information of both companies rather than standalone historical results. and with that I hand the call over to Barend.

Good morning everyone. Our second quarter 2026 results are another substantial step forward with significantly improved profitability. As shown on slide five, order intake increased by 16% or the backlog grew 20% and net sales rose by 9% compared with the second quarter of 2025. Most importantly, we delivered a substantial improvement in profitability. Adjusted EBITDA grew by 22% and net income increased by 18 million year over year. In other words, profitability increased over proportionally compared to sales, reflecting production ramps ups and other operational efficiency. The accelerated realization of acquisition synergies and Strict Cost Control. On slide six, I would like to briefly summarize some of our key achievements. First of all, we have now passed the first anniversary of the SHIFT acquisition and we are very proud of what we have accomplished over those last 12 months. In connection with the anniversary, we released our updated Group Strategy 2030 setting out a clear roadmap towards our ambition of becoming the global leader in specialty vehicles. On the top line, we continued to build momentum across all major business lines in the second quarter, including securing important orders. In North America, we secured a landmark $96 million walking land frame contract achieved a record quarter at Royal with our service bodies and continued to benefit from strong momentum in airport and municipal. In Europe, we secured a major German motorway contract, expanded our cross-selling success with leading airport customers and successfully launched the new Ebi Terra truck in our agricultural business. Turning to slide 7. One year after the acquisition of the Schiff Group, I'm very happy with our progress. Comparing the 12 months before and after the acquisition, order intake has increased by 26%, adjusted EBITDA has grown by 22%, and our EBITDA margin has improved by approximately 120 basis points. We have successfully integrated our operations expanded our American footprint, simplified our brand architecture, and increased our synergy target to more than $40 million on an annual run rate. At the same time, we continued to invest in innovation to strengthen our competitive position across all business lines. This progress reinforces our confidence in the long-term value creation potential for the combined company. Slide 8 highlights our continued innovation across the group. We recently introduced multiple new products and technologies, including the Klingon 550 Compact Sweeper, our next generation TerraTruck, expanded electric vehicle offerings, and importantly, new airport equipment solutions. At the same time, in partnership with VATmove, we continue to develop autonomous airport operation solutions for our customers. Together, these initiatives strengthen our market leadership and support our organic growth. And now I turn the call over to Stefan.