DEUTZ AG Full-Year Report 2023

Highlights

• Consistent implementation of Service strategy (target: €600 million top line in 2025)
• Further development of existing business as key driver
  • Expansion of service center network (e.g. USA), innovative approaches (e.g. “Technician in a Van”)
• Sale of Torqeedo to Yamaha Motors – as “best owner”
• Important step in ongoing process of repositioning and focusing Green segment
• Basis to focus on more customer-oriented approach towards green drivetrains

FY in numbers

• Elimination of Torqeedo engine sales only with marginal impact on revenue
• Sustainable improvement of the adjusted EBIT due to discontinuation of Torqeedo business

In comparison to previous year:

• New orders below previous year’s high level – book-to-bill ratio 0.85 (2022: 1.05)
• Unit sales growth of 3.2% driven by growth of DEUTZ engines to 186.7k unit
• Orders on hand normalized to a level of €450.4 million as of December 31, 2023 (December
• 31, 2022: €766.5 million)

Improvement in 2023 EBIT before exceptional items to €143.6 million (2022: €103.5 million) due to:

• • Expansion of profitable service business
  • Market-oriented pricing
  • Cost-saving measures
  • Consolidated net income of €81.9 million (2022: €80.2 million)
  • Earnings per share of €0.66 (2022: €0.66)