Aumann Ag Ord

Welcome to the earnings call of the Aumann AG regarding the Q1 figures of 2026. The company's CEO, Sebastian Roll, and CFO, Jan-Henrik Polit, will guide you through the figures in a moment, followed by a Q&A session via audio line and chat. And with that, I'm handing over to you, Sebastian.

Yeah, thank you. Good afternoon, everyone, and thank you for the kind introduction. I'm very pleased to have you with us today. For those I haven't met yet, let me quickly introduce myself. So, my name is Sebastian Woll and I'm the CEO of Aumann and joining me on the call today is our CFO Jan Henrik Poelts. So, we really appreciate your time and your interest in Aumann and in the next few minutes, we will walk you through a brief overview of Aumann, the latest market trends in e-mobility and our progress in our segment Next Automation. And of course, a look at our financial performance in Q1 2026. So, let's start, as always, with a quick overview of our business model. At Aumann, we design and build high-end, fully automated production lines tailored precisely to the specific needs of our international customers. With decades of experience in automation technology, many global industry leaders around the world trust Aumann to deliver innovative and reliable solutions. One of our competitive advantages is staying ahead of market trends, especially in fast-growing markets. This allows us to quickly develop customized automation solutions. While the automotive industry, especially the e-mobility sector, remains so attractive for Auma. At the same time, the robotics and automation market is growing rapidly, driven by several long-term trends like demographic change, labor shortages, and increasing cost pressure. These developments also support the growth of our next automation segment where we use our automation experience. So let's take a quick look at Aumann's solutions portfolio. So our portfolio ranges from modular solutions to complex process solutions and in the end, fully integrated large scale production solutions. At the modular level, we provide standardized production sets and these systems allow our customers to react quickly and cost-efficiently to changing market requirements. Building on this, Aumann designs production lines for more advanced manufacturing processes, including technologies such as winding, coating and testing. The goal is always to implement special process steps in the most efficient way. In addition, Aumann offers fully customized turnkey solutions designed for maximum output while maintaining the highest quality standards. Thanks to this broad range of solutions, Aumann can support the different production strategies of our customers. So, this slide shows how Aumann became a technology leader in e-mobility. Starting from the traditional automotive business, e-mobility was identified as a growth market. Through targeted M&A, Aumann took the first step into e-motor technologies. Building on our know-how, we developed different solutions for the rotor, quickly followed by solutions for the stator and finally for the full e-motor assembly. After the e-motor, we leveraged our expertise to develop large-scale production solutions for battery modules and pads. In addition, we introduced our own modular system, for example an inverter assembly, but also very useful now in the field of next automation. Furthermore, we have expanded into converting technology, enabling us to offer production solutions, for example, electrode manufacturing. OMON is a leading provider of turnkey solutions in e-mobility. So this illustration shows the drivetrain of a fully electric car And most of these components can be produced on Aumann production lines. From the outset, we have focused strongly on the eDrive unit. Even today, our customers still use different approaches to stator and rotor design. As a turnkey provider, we provide the latest production solutions for both. Beyond that, we have expanded our portfolio with modular production systems, for example for electronic components such as sensors and inverters. This enables us to offer flexible and scalable solutions perfectly tailored to each customer's needs. Let me now turn to our battery portfolio. Here, Aumann benefits from its strong position in the area of energy storage. So we cover the full range from battery modules and packs to the cell to X solutions. This expertise allows us to meet customer needs and develop new solutions for next generation battery technology. Let's take a look at the e-mobility market today and in the future. So BEVs, battery electric vehicles, sales continue to gain traction. Last year in 2025, more than 30.7 million were sold worldwide. This means a plus of 30% in comparison to 2024. China stays in the lead with 9 million units but Europe follows with strong growth reaching more than 2.2 million units with 26% increase compared to 2024 including Germany with an impressive 43% growth. The US market which currently shows the lowest volume in comparison remains at least stable at 1.2 million units. So by 2030, BEFs are expected to make up 40% of sales by 2035, even two-thirds. So this means overall, rising BEF sales are expected to drive new investments in the near future. So let us now turn to our key commercial focus also in 2026. As mentioned earlier, we are expanding beyond the automotive sector and focusing more on industries that need greater efficiency, higher productivity and less manual work. So at the same time, rising labor costs and the shortage of skilled workers are accelerating the shift towards automation. So, in this context, we are pushing our next automation segment. So, this segment focuses on growth industries beyond automotive, such as defense, aerospace, cleantech and blaster. So, let's take a closer look at this segment. So in our next automation segment, we have defined three strategic growth areas. Aerospace, as you know, is gaining momentum. Demand in civil aviation is rising and Boeing and Airbus are forecasting more than 40,000 new aircraft over the next 20 years. So against this backdrop, Aumann secured first orders in 2026 supporting civil aircraft production ramp-ups. At the same time, defense budgets are boosting. Drones, as you know, are our focus. Drones combine exactly what we do best. Electric motors, battery packs and full system integration, including end-of-line testing, just like any mobility So this means same technology, new applications. Therefore, we easily developed integrated drone assembly lines and secured our first, unfortunately still small, orders. So besides aerospace and defense, cleantech is also booming. Here, Aumann wins in 2026 Orders for automated solar module recycling solutions and membrane manufacturing systems for fuel cell application targeting industrial charging infrastructure and off-grid markets. Finally, life science. So, this sector benefits from long-term trends such as an aging population, strong investment levels and attractive margins. So starting in the end of last year, Aumann entered the farmer market with solutions producing for skin, delivered patches and oral thin films. So now I would like to hand over to Jan.

Sorry, I have a technical problem. I need to switch the slides. Okay, thank you, Sebastian, and also a warm welcome from my side. Sorry for the technical issue. I would now like to share with you the financial figures for the first quarter of 2026. Let me start with a brief overview. We entered the year aware that revenue would continue to face pressure as a result of the softer order intake in 2024 and 2025. At the same time, we stayed firmly focused on driving efficiency across the organization to protect our margins and ensure continued profitability. And this focus continues to guide our actions today. It is important to note that the investment environment in the automotive industry continues to be characterized by a high degree of caution and delayed decision-making. This cautious spending behavior remains evident across both OEMs and suppliers. At the same time, we are seeing encouraging momentum in our next automation segment with improvements in both order intake and order backlog. This indicates that our intensified sales and business development efforts are gradually translating into tangible market traction. Against this backdrop, In Q1, 2026, revenue reached 37 million Euro, which is 38% below the previous year. Profitability remains solid with a double digit average margin of 10.8%. Order intake totals 34 million Euro down 33% year over year. Order backlog decreased from 173 to 120 million Euro at the end of March, 2026. And in total, our balance sheet remains very robust with a net cash of 144 million Euro. With this foundation, let us now dive into some details. Across segments, we achieved a revenue of 37.3 million Euro, representing a year over year decrease of 38%. Revenue in the first quarter is typically still seasonally weaker, but it is in line with our full year guidance. The main driver of this decline was the e-mobility segments where revenue decreased by 45%. Revenue in the next automation segment was with 9.3 million Euro on previous year's level. Looking ahead, we will now focus on profitability and earnings to complete the financial picture. Despite the decline in revenue, our profitability remained robust. EBITDA came in at 4 million euro, down 39% year over year, with an EBITDA margin of 10.8%, which is stable at a solid level. This performance was based on a good project execution in some projects even better than expected, and as a result, some conservative risk provisions of the year-end closing were not required in Q1, leading to a positive effect of approximately €1.3 million in other operating income from the release of provisions. Let us now turn to order intake and order backlog. As already mentioned, the overall investment climate continues to be challenging. Currently, especially in the automotive sector, long-term and forward-looking decisions are subdued, which impact our figures. In response, we are optimizing costs and capacities while actively pursuing new sales opportunities and selected M&A leads. We see clear growth potential and remain confident in capturing it. In Q1 2026, total order intake declined 33% year-over-year to €34.4 million. But the next automation segment is showing progress. Order intake increased 128% year-over-year to €19.4 million. Our sales pipeline is also growing, demonstrating the potential of the next automation initiatives to drive future revenue. As a result, total order backlog declined from 173.4 million Euro to 119.5 million Euro at the end of March. However, the next automation segment continues to gain momentum with its order backlog increasing 50% to 57.6 million Euro. Let me now move to the next slide and walk you through the segment figures, starting with the e-mobility segment. In the immobility segment, order intake of €26 million is 65% under the previous year due to the mentioned market conditions. As a result, order backlog decreased by 45% to €62 million, and at the same time, revenue decreased by 45% to €28 million. Avatar is declining due to volume to €3.7 million after three months. which means a strong margin of 13.3% after 12.2% in the previous year. In the next automation segment, order intake increased year over year as set by 128% to 19.4 million Euro due to the new positioning. End of March, 2026, order backlog amounted 57.6 million Euro, an increase of 50%. Revenue stands at 9.3 million Euro on par with the previous year. EBITDA declined slightly to 1.0 million, corresponding to an EBITDA margin of 10.4%. However, this is primarily attributable to the project mix in Cuba. By the end of March 2026, our balance sheet continues to be very solid. with an equity ratio of 68.3% and 148 million euro cash, of which 144 million euro are net cash. Our solid financial foundation will continue to allow us to respond flexibly to market opportunities, to drive the expansion of the next automation segment both organically and through M&A activities, and to ensure further shareholder participations. To conclude, we would like to confirm our guidance for 2026. We expect a mixed but well-balanced development across all segments. And e-mobility revenue is likely to decline due to a lower starting order backlog. In next automation, we see continued positive momentum. We expect total revenue of around €160 million with an EBITDA margin of 6% to 8%. Our diversified business model provides stability and support a resilient and profitable gear. Let me hand over to Sebastian again.