Disclosure Devil - Summary

9M 2025 Analyst Presentation Dr. Alexander Sagel, CEO Anja Mänz-Siebje, CFO 13 November 2025 TRUSTED PARTNER. Trusted Partner 1 On track and prepared for upcoming years 9M 2025 OVERVIEW Key order intakes 9M 2025 THOR III / transmissions ~ €235m (Q3: €56m) • Strong 9M 2025 order intake of €1,246m (9M 2024: €858m) with book-to-bill at 1.3x (9M 2024: 1.1x) • Total order backlog marks new all-time high of €6.4bn (Dec 2024: €5.0bn) • Defense business (land and sea) with +48% (order intake) and +25% (revenue) as main growth driver in 9M 2025 • Implementation and going-live of new modular production line concept VTA • Product launch of HSWL 076 and HSWL 406 transmission Highlights ~ €130m International customer / transmissions + engines VTA spare parts (MBT/IFV/APC / transmissions) ~ €75m (Q3: €15m) Poland K2 ~ €50m (all in Q3) Various international customers / transmissions ~ €105m (Q3: €15m) RENK Group AG | 9M 2025 Conference Call Trusted Partner 2 RENK Group maintains strong order momentum and profitable growth #1 in mission-critical drive technologies 9M 2025 OVERVIEW APAC REVENUES BY END MARKETS (LTM) Defense Civil 26% 74% New build Aftermarket New build / aftermarket (5) 64% 36% REVENUES BY NEW BUILD/ AFTERMARKET (LTM) Aftermarket New Build • Order intake – momentum remains strong with continued record demand • Revenues – solid growth, slightly softer in Q3 due to planned VTA lower production output • Adj. EBIT – again exceeding topline performance • Adj. EBIT margin – solid margin improvement ORDER INTAKE 9M 2025 €1,246m +45% YoY REVENUES 9M 2025 €928m +19% YoY ADJ. EBIT 9M 2025 €141m +25% YoY ADJ. EBIT MARGIN 9M 2025 15.2% +0.8pp YoY RENK Group AG | 9M 2025 Conference Call Trusted Partner 3 Going-live of new modular production line concept VTA 9M 2025 OVERVIEW RENK Group AG | 9M 2025 Conference Call Trusted Partner 4 Unveiling of two new transmission types as part of our roadmap 9M 2025 OVERVIEW RENK Group AG | 9M 2025 Conference Call HSWL 076 Transmission for <20to Tracked Platforms HSWL 406 MBT Transmission DSEI, London, 9 September 2025 Media Round Table, Augsburg, 25 August 2025 Trusted Partner 5 9M 2025 OVERVIEW 631 932 9M 2024 9M 2025 Order Intake (Defense, €m) 551 690 9M 2024 9M 2025 Revenue (Defense, €m) +48% +25% Defense business is driving the Group performance RENK Group AG | 9M 2025 Conference Call Trusted Partner 6 9M 2025 OVERVIEW 360 464 579 9M 2023 9M 2024 9M 2025 Revenue, €m yoy +24.8% Order Intake 9M 904 €m • Ongoing strong order momentum with book-to-bill ratio of 1.6x (9M 2025) • Implementation of new modular production line concept at VTA – key milestone for meeting future capacity requirements • Execution of key customer programs according to schedules Vehicle Mobility Solutions RENK Group AG | 9M 2025 Conference Call Trusted Partner 7 212 232 268 9M 2023 9M 2024 9M 2025 9M 2025 OVERVIEW Revenue, €m YoY +15.5% • Very solid revenue development • Navy business remains the main driver for order intake and revenues; industrial business with ongoing GDP related headwind • Aftermarket growth supported by RAMI integration Order Intake 9M 255 €m Marine & Industry RENK Group AG | 9M 2025 Conference Call Trusted Partner 8 83 92 92 9M 2023 9M 2024 9M 2025 9M 2025 OVERVIEW Revenue, €m YoY -0.2% • Ongoing market related headwinds from industrial sector • Q3 operational issues addressed, stabilization expected during Q4 2025 Order Intake 9M 96 €m Slide Bearings RENK Group AG | 9M 2025 Conference Call Trusted Partner 9 2.4 Fixed Order Backlog(2) 0.8 Frame Order Backlog(3) 3.2 Soft Order Backlog(4) 6.4 Total Order Backlog LTM revenue coverage(1) Additional recurring aftermarket business outside of framework contracts Total order backlog (Sep-25), €bn Strong military demand pushes total order backlog above €6 billion despite solid revenue conversion 9M 2025 OVERVIEW 1.8x 0.6x 2.5x 5.0x RENK Group AG | 9M 2025 Conference Call 2.1 (FY-24) 2.2 (FY-24) 0.6 (FY-24) 5.0 (FY-24) Financial Summary Anja Mänz-Siebje, CFO TRUSTED PARTNER. Trusted Partner 11 RENK Group: Strong steady upward trend in Q3 reflecting our growth strategy FINANCIAL SUMMARY Revenue, €m Fixed order backlog(2), €m Order intake, €m 9M-24 9M-25 Q3-24 Q3-25 858 1,246 230 325 45.2% 41.0% 9M-24 9M-25 Q3-24 Q3-25 778 928 268 308 19.2% 14.8% Dec-24 Sep-25 2,080 2,383 14.6% 1.1x 1.3x YoY growth Book-to-bill ratio(1) 0.9x 1.1x RENK Group AG | 9M 2025 Conference Call Trusted Partner 12 Adj. EBIT(2), €m Net debt(3), €m Adj. gross profit(1), €m 9M-24 9M-25 Q3-24 Q3-25 217 261 79 90 20.1% 13.1% 9M-24 9M-25 Q3-24 Q3-25 112 141 43 52 25.5% 19.3% 1.7x 1.7x Dec-24 Sep-25 375 435 16.0% 27.9% 29.6% 14.4% 15.2% YoY growth Adj. gross profit margin Adj. EBIT margin Net debt / LTM Adj. EBITDA(4) FINANCIAL SUMMARY 28.1% 29.1% 16.8% 16.2% RENK Group AG | 9M 2025 Conference Call RENK Group: Operational leverage and cost discipline driving higher profit margins Trusted Partner 13 Order intake Adj. EBIT(1) Revenue Segment financials, €m 9M-24 9M-25 Q3-24 Q3-25 548 904 138 223 65.0% 62.3% 9M-24 9M-25 Q3-24 Q3-25 464 579 169 190 24.8% 12.2% 9M-24 9M-25 Q3-24 Q3-25 77 105 31 38 36.2% 22.8% 20.2% YoY growth Adj. EBIT margin FINANCIAL SUMMARY 16.6% 18.1% 18.3% 20.0% VMS: Momentum continued through the first nine months of 2025 RENK Group AG | 9M 2025 Conference Call Trusted Partner 14 Segment financials, €m 9M-24 9M-25 Q3-24 Q3-25 BER300 - EBIT 23 31 7 12 34,6% 77,8% 10.0% 11.6% 9M-24 9M-25 Q3-24 Q3-25 215 255 59 72 18.3% 23.2% 9M-24 9M-25 Q3-24 Q3-25 232 268 70 92 15.5% 31.4% YoY growth Adj. EBIT margin FINANCIAL SUMMARY Order intake Adj. EBIT(1) Revenue 9.9% 13.4% M&I: Navy business remains a reliable and steady contributor RENK Group AG | 9M 2025 Conference Call Trusted Partner 15 Segment financials, €m 9M-24 9M-25 Q3-24 Q3-25 106 96 36 30 -9.4% -17.1% 9M-24 9M-25 Q3-24 Q3-25 92 92 31 29 -0.1% -5.5% 9M-24 9M-25 Q3-24 Q3-25 16 15 5 4 -8.9% -16.3% YoY growth Adj. EBIT margin FINANCIAL SUMMARY Order intake Adj. EBIT(1) Revenue 17.6% 16.1% 16.8% 14.9% RENK Group AG | 9M 2025 Conference Call Slide Bearings: Resilient revenue despite decline in orders and EBIT Trusted Partner 16 PPA adjustments remain stable, while non-recurring item adjustments decline FINANCIAL SUMMARY For the period, €m 1 2 9M-24 Operating profit 58.3 Purchase price allocation effects 33.1 9M-25 95.5 33.6 Operating profit before PPA depreciation and amortization as well as income / losses from PPA asset disposals 91.4 129.1 Adjustments 21.0 Adj. EBIT 112.4 141.0 Depreciation, amortization and impairment losses (excluding purchase price allocation effects) 23.9 24.7 Adj. EBITDA 136.2 165.6 11.9 RENK Group AG | 9M 2025 Conference Call Trusted Partner 17 Net working capital, €m 249 326 (124) (204) Dec-23 268 391 (117) (258) Dec-24 311 478 (129) (317) Sep-25 248 284 343 Customer receivables(1) Prepayments received(2) Inventories Trade payables FINANCIAL SUMMARY 26.8% 24.9% 26.6% % of LTM revenue RENK Group AG | 9M 2025 Conference Call NWC increase is driven by inventory build-up Trusted Partner 18 FINANCIAL SUMMARY 166 Adj. EBITDA (1) -12 Adjustments(2) -71 Change in NWC(3) -16 CapEx(4) -9 Income Tax -12 Other (5) 45 Unlevered Free Cash Flow -19 Interest result 26 Free Cash Flow 45 26 +14.3 (50.0) (80.7) (70.8) Trade payables Inventories Customer receivables +45.6 Prepayments received Change in NWC, €m Key Cash Flow items 9M-25, €m RENK Group AG | 9M 2025 Conference Call Ongoing strong positive Free Cash Flow in 9M-25 despite further NWC build up OUTLOOK Dr. Alexander Sagel, CEO TRUSTED PARTNER. Trusted Partner 20 2025 Guidance confirmed based on 9M 2025 performance OUTLOOK >€1.3bn (unchanged) €210m-235m (unchanged) Adjusted EBIT(1) The definition of the 2030 mid-term targets will be presented at the CMD on 20 November 2025 Revenue growth RENK Group AG | 9M 2025 Conference Call Trusted Partner 21 Overview key order intake programs OUTLOOK THOR IV MBT Test Rigs PzH 2000 Gov funded Naval R&D Leopard 2 Puma Boxer IMBT AICS . Q4 2025 H1 2026 VTA spare parts RENK Group AG | 9M 2025 Conference Call AVDS Engines VTA spare parts K2 Family Vehicles Land Transmissions Kodiak Puma (CR) TRACKX Var. Frigates Trusted Partner 22 Clear focus on Q4 2025 priorities • Secure pending 2025 OI programs & proceed on future key OI projects • Ongoing R&D efforts in key technology areas (e.g. autonomy/UGV, NextGen MBT transmissions) • Full focus on Q4 operational performance, output & financial KPIs OUTLOOK FY 2025 Key OI and business development projects 1 2 • Ongoing monitoring of budget & project approvals Bundeswehr/European NATO allies (platforms, volumes, timeline) • Consequent execution of production strategy & capacity expansion Preparing for GER/EU demand increase 4 RENK Group AG | 9M 2025 Conference Call • Ongoing monitoring of the market for value-accretive acquisitions according to defined M&A criteria M&A 3 Trusted Partner 23 Key takeaways OUTLOOK 1 3 4 RENK delivered a strong 9M performance, improved on a record total order backlog level of €6.4bn and confirmed the FY 2025 guidance Full focus on execution of production strategy to prepare for mid-term increasing demands from Germany and Europe, implementation of new modular production line at VTA as further key milestone New key product developments launched as part of the roadmap to secure leading technological position RENK Group AG | 9M 2025 Conference Call 2 Defense with +48% OI, +25% revenues and a book-to-bill ratio of ~1.4 as main driver of Group 9M performance Trusted Partner 24 Financial Calendar Q4 2025 / Q1 2026 December • BNP MidCap CEO Conference, Paris (17 November) • Capital Markets Day, Augsburg (20 November) • Eigenkapitalforum, Frankfurt (25 November) January February November • Roadshow Dublin, LBBW (2 December) • Goldman Sachs 17th Annual Industrials & Auto Week, London (3 December) • Berenberg European Conference, Windsor (4 December) • ODDO BHF Forum, Lyon (8-9 January) • GIS, New York (12/13 January) • Roadshow US, Redburn (14-16 January) • GCC, Frankfurt (20-21 January) • Roadshow Madrid, ODDO BHF (3 February) • Roadshow Milan, UniCredit (4 February) • DZ Bank Defense Day, Frankfurt (5 February) OUTLOOK RENK Group AG | 9M 2025 Conference Call RENK Group / Company presentation / March 2023 Q&A Session TRUSTED PARTNER. RENK Group / Company presentation / March 2023 Your contact TRUSTED PARTNER. Investor Relations: Julia Brand, Senior IR Manager Phone: +49 821 5700 735 E-Mail: investors@renk.com Maximilian König, Senior IR Manager Phone: +49 821 5700 9302 E-Mail: investors@renk.com Christian Weiß, Senior IR Manager Phone: +49 821 5700 9279 E-Mail: investors@renk.com Events Publications Trusted Partner 27 By accessing this presentation, you agree to be bound by the following limitations. This presentation has been prepared for information and background purposes only. It does not constitute or form part of, and should not be construed as, an offer of, a solicitation of an offer to buy, or an invitation to subscribe for, underwrite or otherwise acquire, any securities of RENK Group AG (the "Company", and together with its subsidiaries, the "Group"), nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or with any other contract, commitment or investment decision whatsoever. Certain financial data included in this presentation consists of non-IFRS financial measures. These non-IFRS financial measures may not be comparable to similarly titled measures presented by other companies, nor should they be construed as an alternative to other financial measures determined in accordance with IFRS. You are cautioned not to place undue reliance on any non-IFRS financial measures included herein. 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The information contained in this presentation is provided as of the date of this presentation and is subject to change without notice. For further details, please refer to the footnotes section at the end of the presentation. Disclaimer APPENDIX TRUSTED PARTNER. Trusted Partner 29 Income statement 29 Note: Due to commercial rounding of amounts on the basis of € million, minor deviations may occur on addition For the period, €m FINANCIAL APPENDIX 9M 2024 9M 2025 Revenue 778.3 927.7 Cost of sales (597.2) (705.1) Gross profit 181.1 222.7 Distribution expenses (45.5) (51.1) General and administrative expenses (72.4) (72.7) Net allowances on financial assets 0.3 0.2 Other income 3.1 11.3 Other expenses (8.4) (14.7) Operating profit 58.3 95.5 Interest expense (33.9) (26.2) Other financial result 0.4 (9.9) Financial result (33.5) (36.1) Profit before tax 24.8 59.4 Income taxes (17.8) (4.0) Profit after tax 7.0 55.5 Trusted Partner 30 Balance sheet – Total assets 30 Note: Due to commercial rounding of amounts on the basis of € million, minor deviations may occur on addition As of, €m Dec 31, 2024 Sep 30, 2025 Intangible assets 360.5 322.0 Property, plant and equipment 320.7 326.5 Other and financial investments 0.8 0.8 Deferred tax assets 22.4 29.1 Other non-current financial assets 0.1 0.6 Other non-current receivables 12.7 15.4 Non-current assets 717.2 694.5 Inventories 391.2 478.1 Trade receivables 163.6 174.4 Contract assets 114.9 147.2 Current income tax receivables 12.0 14.2 Other current financial assets 6.9 7.4 Other current receivables 19.0 32.1 Cash and cash equivalents 164.3 107.8 Current assets 872.0 961.2 Total 1,589.2 1,655.7 FINANCIAL APPENDIX Trusted Partner 31 Balance sheet – Total equity and liabilities 31 Note: Due to commercial rounding of amounts on the basis of € million, minor deviations may occur on addition As of, €m Dec 31, 2024 Sep 30, 2025 Share capital 100.0 100.0 Capital reserves 172.7 173.4 Retained earnings 134.9 148.0 Cumulative other comprehensive income 33.3 10.3 Equity attributable to shareholders of RENK Group AG 440.9 431.7 Equity attributable to non-controlling interests 5.8 4.8 of which non-controlling interests in consolidated net income for the year 1.4 0.4 Equity 446.7 436.5 Non-current financial liabilities 527.2 527.6 Pension provisions 2.7 2.9 Deferred tax liabilities 77.2 69.1 Non-current contract liabilities 39.0 136.4 Other non-current provisions 12.1 12.3 Other non-current financial liabilities 5.7 4.3 Other non-current liabilities 0.0 0.2 Non-current liabilities and provisions 663.9 752.8 Current financial liabilities 6.4 6.7 Income tax liabilities 30.8 44.3 Trade payables 117.0 128.8 Current contract liabilities 231.4 187.0 Other current provisions 40.0 46.0 Other current financial liabilities 2.0 2.7 Other current liabilities 51.1 50.9 Current liabilities and provisions 478.6 466.5 Total 1,589.2 1,655.7 FINANCIAL APPENDIX Trusted Partner 32 Cash flow statement 32 Note: Due to commercial rounding of amounts on the basis of € million, minor deviations may occur on addition For the period, €m FINANCIAL APPENDIX 9M 2024 9M 2025 Cash and cash equivalents at beginning of reporting period 102.2 164.3 Profit / loss before tax (including profit / loss attributable to non-controlling interests) 24.8 59.5 Income tax paid (18.4) (9.4) Depreciation, amortization and impairment of intangible assets and property, plant and equipment 57.0 58.2 Change in pension provisions 0.5 2.7 Gains / losses on disposal of assets (0.0) – Other non-cash expenses and income (0.0) (2.5) Change in inventories (54.6) (80.7) Change in other assets (4.9) (63.9) Change in (contract-) liabilities 21.7 54.7 Change in other provisions 4.1 6.4 Financial result1 33.5 36.1 Cash flow from operating activities 63.7 61.1 Capital expenditure on property, plant and equipment and intangible assets (25.6) (16.0) Proceeds from disposals of property, plant and equipment and intangible assets 0.2 0.5 Payments for the acquisition of subsidiaries or other business units less acquired cash and cash equivalents – (29.7) Cash flows from restricted cash 5.2 (2.0) Interest received 1.3 1.3 Cash flow from investing activities (18.9) (46.0) Payment from the redemption of bonds (520.0) – Proceeds from borrowings 514.8 – Payment of dividends to shareholders of RENK Group AG (30.0) (42.0) Payment of dividends to non-controlling entities – (0.7) Equity contributions 2.8 – Change in cash-pool liabilities (2.6) – Lease payments (2.1) (2.3) Interest payments (43.6) (20.5) Cash flow from financing activities (80.6) (65.5) Effect of exchange rate changes on cash and cash equivalents 2.9 (6.1) Change in cash and cash equivalents due to changes in the scope of consolidation 1.0 – Change in cash and cash equivalents (31.9) (56.5) Cash and cash equivalents at end of reporting period 70.3 107.8 Restricted cash 1.2 3.2 Gross liquidity at end of reporting period 71.6 111.0 Gross liquidity at end of reporting period (536.3) (515.9) Net liquidity at end of reporting period (464.7) (404.9) Trusted Partner 33 Adjustments For the period, €m 1 2 9M-24 Operating profit 58.3 Purchase price allocation effects 33.1 9M-25 95.5 33.6 Operating profit before PPA depreciation and amortization as well as income / losses from PPA asset disposals 91.4 129.1 M&A activity related costs 1.0 Capital market readiness costs 1.6 0.0 Costs of implementing efficiency programs 9.4 0.0 2.5 Consulting costs for refinancing long-term financial liabilities 1.4 0.0 Global system improvements 2.3 6.0 Implementation of new tax compliance 0.8 0.3 Other adjustments 4.4 3.1 Adj. EBIT 112.4 141.0 RENK Group AG | 9M 2025 Conference Call Depreciation, amortization and impairment losses (excluding purchase price allocation effects) 23.9 24.7 Adj. EBITDA 136.2 165.6 FINANCIAL APPENDIX Trusted Partner 34 Endnotes (1/2) p.9 (1) Defined as total order backlog as of September-25 / LTM revenue for the period ended September 30, 2025. Total order backlog comprised of fixed order backlog, frame order backlog and soft order backlog (2) Fixed order backlog represents with respect to binding customer contracts and purchase orders concluded and/or received the portion of the associated transaction price for which the amount of revenue has not yet been recognized in accordance with IFRS (3) Frame order backlog includes signed frame contracts with fixed annual volumes or volume estimates based on customer information or historical call offs over the entire contract duration, booked for the period of the frame contract term. The numbers as of September 30 include a contract with the character of a binding follow-up contract with the amount of €0.6bn (4) Soft order backlog includes estimated volumes of sole source projects and successor business until 2029 based on public information and customer information for the period September 2025 to September 2029 p.11 (1) Book-to-bill ratio defined as order intake / revenue (2) Fixed order backlog represents with respect to binding customer contracts and purchase orders concluded and/or received the portion of the associated transaction price for which the amount of revenue has not yet been recognized in accordance with IFRS p.12 (1) Adjusted gross profit is defined as gross profit before PPA depreciation and certain items which management considers to be exceptional or non-recurring in nature. Adj. Gross Profit margin is defined as adjusted gross profit divided by revenue. (2) Adj. EBIT is defined as operating profit before the PPA depreciation and amortization as well as income / losses from PPA asset disposals and adjusted for certain items which management considers to be exceptional or non-recurring in nature. Adj. EBIT margin is defined as adj. EBIT divided by revenue. (3) Net debt is defined as the sum of bank debt (previous year: senior secured notes) and lease liabilities less cash and cash equivalents based on the carrying amounts in the IFRS financial statements (4) LTM Adj. EBITDA is defined as operating profit before depreciation, amortization and impairment losses on intangible assets and property, plant and equipment, the PPA depreciation and amortization as well as income / losses from PPA asset disposals and adjusted for certain items which management considers to be exceptional or non-recurring in nature. For a detailed breakdown of adjustments, please refer to the page “Adjustments” in the appendix. p.13-15 (1) Adj. EBIT is defined as operating profit before the PPA depreciation and amortization as well as income / losses from PPA asset disposals and adjusted for certain items which management considers to be exceptional or non-recurring in nature. Adj. EBIT margin is defined as adj. EBIT divided by revenue. For a detailed breakdown of adjustments, please refer to the page “Adjustments” in the appendix. p.17 (1) Comprises contract assets and trade receivables excluding customer prepayment receivables (2) Comprises contract liabilities excluding liabilities from customer prepayment receivables RENK Group AG | 9M 2025 Conference Call Trusted Partner 35 Endnotes (2/2) p.18 (1) Adj. EBITDA is defined as operating profit before depreciation, amortization and impairment losses on intangible assets and property, plant and equipment, the PPA depreciation and amortization as well as income / losses from PPA asset disposals and adjusted for certain items which management considers to be exceptional or non-recurring in nature (2) For a detailed breakdown of adjustments, please refer to the page “Adjustments” in the appendix. (3) Includes change in inventories, customer receivables, trade payables and prepayments received. (4) Capex defined as payments to acquire property, plant and equipment and intangible assets (5) Other reconciliation items include changes in provisions, other receivables and liabilities, unless as these are not attributable to the NWC, as well as other cash and non-cash expenses and income of minor importance. P.20 (1) Adj. EBIT is defined as operating profit before the PPA depreciation and amortization as well as income / losses from PPA asset disposals and adjusted for certain items which management considers to be exceptional or non-recurring in nature. Adj. EBIT margin is defined as adj. EBIT divided by revenue. For a detailed breakdown of adjustments, please refer to the page “Adjustments” in the appendix. RENK Group AG | 9M 2025 Conference Call