DEUTZ AG Q1 Report 2023

Highlights

• DEUTZ acquires IP and licenses for the development and production of MDEG and HDEP engines
• Transaction completed at end of March
• Daimler Truck takes a 4.19% stake in DEUTZ
• Initial talks held with prospective customers
• Cross-functional kick-off meetings took place
• Project pipeline growing:
  • Ten battery-electric system projects ongoing
    with OEM partners
  • Five hydrogen projects ongoing
• Ongoing process established to evaluate new business models and potential partnerships
• Planned investment of more than €100 million in DEUTZ Green by 2025

Q1 in numbers

• Adjusted EBIT improves to €32.1 million (Q1 2022: €15.8 million) due to:
  • economies of scale thanks to increased business volume
  • positive product mix effects
  • market-oriented pricing policy
  • expansion of the service business
• Net income before exceptional items2 amounts to €23.8 million (Q1 2022: €12.5 million)
• Earnings per share before exceptional items2 comes to €0.20 (Q1 2022: €0.10)