TKH Group (TWEKA) Investor presentation summary

Strategic direction and innovation

• Focus on automation and electrification, with a dual-track separation process to unlock value and reflect new segmentation.

• Nearly 5% of turnover invested in R&D, with over 1,400 patents and 750 FTEs in R&D and software.

• 75% of turnover linked to SDGs, emphasizing sustainability and customer-centric innovation.

• Ongoing portfolio optimization, including divestment of €250m in non-core activities and bolt-on acquisitions in automation.

• Disciplined capital allocation, with capex focused on core activities and a dividend payout ratio of 40–70%.

Financial performance H1 & Q2 2026

• H1 2026 turnover rose 14% to €955.9m, with adjusted EBITA up 43.5% to €113.7m and ROS at 11.9%.

• Q2 2026 turnover reached €507.6m (+18%), with adjusted EBITA up 67.5%.

• Order intake in Q2 2026 was €508.1m, and the orderbook at H1 end stood at €1,031.2m.

• Net debt/EBITDA improved to 1.8, and free cash flow conversion was 15.2% in H1 2026.

Segment performance and outlook

• Automation: H1 2026 turnover €488.5m, with Vision Technologies up 10.1% and Automated Machinery down 5.7%.

• Electrification: H1 2026 turnover €328.2m (+33.3%), with offshore energy up 81.6% and strong orderbook growth.

• Vision Technologies: Top 5 global player, strong growth in 2D/3D vision, security, and parking guidance.

• Automated Machinery: Leading in tire building machines, short-term softness but long-term demand drivers intact.

• Electrification: Leading in European energy cables, benefiting from grid investments and renewable energy trends.