Stabilus : Ergebnispräsentation Q2 GJ2024 (Englisch)

Q2 FY2024 RESULTS

ANALYST & INVESTOR WEB CONFERENCE MAY 8, 2024

M O T I O N C O N T R O L

DISCLAIMER

Stabilus SE (the "Company", later "Stabilus") has prepared this presentation solely for your information. It should not be treated as giving investment advice. Neither the Company, nor any of its directors, officers, employees, direct or indirect shareholders and advisors nor any other person shall have any liability whatsoever for any direct or indirect losses arising from any use of this presentation.

While the Company has taken all reasonable care to ensure that the facts stated in this presentation are accurate and that the opinions contained in it are fair and reasonable, this presentation is selective in nature. Any opinions expressed in this presentation are subject to change without notice and neither the Company nor any other person is under any obligation to update or keep current the information contained in this presentation. Where this presentation quotes any information or statistics from any external source, you should not interpret that the Company has adopted or endorsed such information or statistics as being accurate. This presentation contains forward-looking statements, which involve risks, uncertainties and assumptions that could cause actual results, performance or events to differ materially from those described in, or expressed or implied by, such statements. These statements reflect the Company's current knowledge and its expectations and projections about future events and may be identified by the context of such statements or words such as "anticipate," "believe", "estimate", "expect", "intend", "plan", "project" and "target". No obligation is assumed to update any such statement.

Numbers were rounded to one decimal. Due to rounding, numbers presented may not add up precisely to the totals provided.

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GOOD PERFORMANCE IN CHALLENGING ENVIRONMENT

Revenue growth in Q2 FY24, despite challenging environment (especially in Americas).

Strong growth in APAC2 (12.1% y/y) and in market segments Automotive (APR), AMR and HRF.

We expect FY2024 to show back-end loaded results, as in the past two FY. We further specify our FY2024 guidance and forecast Group's revenue and adj. EBIT margin at the lower end of the respective range (€1.4m - €1.5m, 13%-14%) .

We sold more than 110k units (a record) of DA90 door actuation systems in the last six months.

Closing of the DESTACO acquisition and initial consolidation as of March 31, 20241. (In CY2023, DESTACO generated $206m revenue with 20% adj. EBIT margin.)

Management roadshow welcoming DESTACO completed. Great feedback

and high participation.

1 DESTACO's balance sheet included in Group's balance sheet as of March 31, 2024, DESTACO's P&L not included in the Group's P&L for Q2 / H1 FY24. 2 See list of acronyms in appendix.

3

MANAGEMENT ROADSHOW WELCOMING DESTACO

WELCOME TOWN HALL MEETINGS

AUBURN HILLS (MI)

MOUNT JULIET (TN)

SHANGHAI

WHEELING (IL)

PUNE

SUZHOU

RED WING (MN)

OBERURSEL	BANGKOK
incl. regional heads from France,
Spain and UK	4

STABILUS GROUP IN Q2 FY2024

REVENUE GROWTH, DESPITE CHALLENGING ENVIRONMENT

REVENUE (€M)		ADJ. EBIT (€M)
		% margin
		13.1%	12.4%
+ 0.9%		- 4.7%
310.6	313.5	40.8	38.9

Q2 FY23	Q2 FY24	Q2 FY23	Q2 FY24
Revenue 0.9% y/y	Adj. EBIT margin 70bp y/y

PROFIT (€M)

% revenue

13.7%	5.8%
	- 57.5%
42.6
	18.1
Q2 FY23	Q2 FY24

Profit margin  7.9pp y/y

ADJ. FCF (€M)

% revenue

3.9%1.2%

- 69.4%

12.1

	3.7
Q2 FY23	Q2 FY24

Adj. FCF % revenue 2.7pp y/y

› Strong growth in APAC1, stable	› Continuing high raw material and	› In Q2 of the prior year, tax
revenue in EMEA, partly offset	labor cost inflation	income of €9.9m, instead of
by softer business in Americas		income tax expense, due to a
› Strong growth in Automotive,		positive tax ruling re tax refunds
	for FY2010-FY2014
AMR and HRF

• Acquisition-relatedpayout of €638.2m adjusted (PY - )
• Cash flow from operating activities lower by €2.1m y/y, after €7.5m higher income tax payments, i.e. operating cash flow before tax well above PY

1 Please refer to a list of acronyms and abbreviations in appendix.

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BUSINESS DEVELOPMENT BY REGION IN Q2 FY2024

	AMERICAS	EMEA	ASIA-PACIFIC
Revenue	 4.1% y/y	 0.2% y/y	 12.1% y/y

adj. EBIT margin	10.6%	11.6%	16.9%
 2.6pp y/y	 0.7pp y/y	 1.9pp y/y

Very strong and profitable growth in APAC, challenging market environment in Americas

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CHALLENGING MARKET ENVIRONMENT IN AMERICAS

REVENUE (€M)

- 4.1%

114.0109.3

Q2 FY23

Q2 FY24

ADJ. EBIT (€M)

% margin

13.2%10.6%

- 22.7%

15.0

11.6

Q2 FY23

Q2 FY24

Revenue 4.1% y/y

• Revenue growth in HRF1, CV and AMR, was offset by particularly weak business in EC and to a lower degree in IMA and DIAMEC

Adj. EBIT margin 2.6pp y/y

• High raw material and labor cost inflation
• Revenue dip in market segments with above-average margins

1 Please refer to a list of acronyms and abbreviations in appendix.

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STABLE REVENUE IN EMEA

REVENUE (€M)

+ 0.2%

137.2137.5

Q2 FY23

Q2 FY24

ADJ. EBIT (€M)

% margin

12.3%11.6%

- 5.3%

16.916.0

Q2 FY23

Q2 FY24

Revenue 0.2% y/y

• Strong growth in AMR, offset by softer business in CV, DIAMEC, IMA and HRF
• Revenue in EC stable y/y; Automotive supported by acquisition effect (Cultraro)

Adj. EBIT margin 0.7pp y/y

• Cost management initiatives continue with the aim of improving the margin in EMEA in the next quarters

1 Please refer to a list of acronyms and abbreviations in appendix.

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VERY STRONG AND PROFITABLE GROWTH IN ASIA-PACIFIC

REVENUE (€M)

+ 12.1%

59.566.7

Q2 FY23

Q2 FY24

ADJ. EBIT (€M)

% margin

15.0%16.9%

+ 27.0%

Revenue 12.1% y/y

• Revenue growth driven by Automotive business, particularly by APR1
• Growth in DIAMEC and IMA was offset by softer business in CV and HRF

Adj. EBIT margin 1.9pp y/y

• Margin improvement in line with revenue growth, supported by efficiency gains

8.9

11.3

Q2 FY23

Q2 FY24

1 Please refer to a list of acronyms and abbreviations in appendix.

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BUSINESS DEVELOPMENT BY MARKET SEGMENT

3% 2% 2%

ICON

5%

10%

Q2 FY24 €313.5m

14%

64%

MARKET SEGMENT

Automotive

Distributors, Independent Aftermarket, E- Commerce (DIAMEC)

Commercial Vehicles (CV)

Health, Recreation & Furniture (HRF)

Industrial Machinery & Automation (IMA)

Energy & Construction (EC)

Aerospace, Marine & Rail (AMR)

• CHANGE Y/Y
• 5%

• 2%
• 5%

• 6%

• 10%
• 47%

• 66%

Strong growth in AMR, HRF and Automotive.

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