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SKAN Group AG Presentation of the HY 2025 Financial Results 19 August 2025
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SKAN THIS PRESENTATION AND ITS CONTENTS ARE CONFIDENTIAL AND ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL . This presentation ( the "Presentation"), contains information regarding SKAN Group AG (the "Company") and each of its subsidiaries and affiliates (the "Group"). The information and opinions contained in this Presentation do not purport to be comprehensive and are provided as at the date of this Presentation or as of the date specified herein. Certain financial information (including percentages) in this Presentation may have been rounded according to commercial standards . As a result, the aggregate amounts may not correspond in all cases to the aggregated amounts of the underlying (unrounded) figures appearing elsewhere in this Presentation . The financial information presented herein has been prepared in accordance with Swiss GAAP FER. Certain financial data included in this Presentation consists of non-Swiss GAAP FER financial measures . These non-Swiss GAAP FER 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 Swiss GAAP FER. In addition, certain financial information contained herein has not been audited, confirmed or otherwise covered by a report by independent accountants and, as such, actual data could vary, possibly significantly, from the data set forth herein. None of the Company, the Group, and any other person is under any obligation to update or keep current the information contained in this Presentation or to correct any inaccuracies which may become apparent, and any opinions expressed herein are subject to change without notice . Statements made in this Presentation may include forward-looking statements . These statements may be identified by the fact that they use words such as "anticipate", "estimate", "should", "expect", "guidance", "project", "intend", "plan", "believe", "will", "could" and/or other words and terms of similar meaning in connection with, among other things, any discussion of results of operations, financial condition, liquidity, prospects, growth, strategies or developments in the industry in which we operate . Such statements are based on management's current intentions, expectations or beliefs and involve inherent risks, assumptions and uncertainties, including factors that could delay, divert or change any of them. Forward-looking statements contained in this Presentation regarding trends or current activities should not be taken as a representation that such trends or activities will continue in the future. Actual outcomes, results and other future events may differ materially from those expressed or implied by the statements contained herein. Such differences may adverse ly affect the outcome and financial effects of the plans and events described herein and may result from, among other things, changes in economic, business, competitive, technological, strategic or regulatory factors and other factors affecting the business and operations of the company. Neither the Company nor any of their subsidiaries or affiliates are under any obligation, and each such entity expressly disclaims any such obligation, to update, revise or amend any forward-looking statements, whether as a result of new information, future events or otherwise . Further, this Presentation may include market share and industry data obtained by the Company from industry publications and market surveys. The Company may not have access to the facts and assumptions underlying the numerical data, market data and other information extracted from public sources and neither the Company, the Group, nor any of their respective directors, officers , employees, shareholders, affiliates, agents and advisers are able to verify such information, and assume no responsibility for the correctness of any such information . This Presentation does not constitute or form part of, and should not be construed as, an offer or invitation or inducement to subscribe for or otherwise acquire, any securities of the Company, 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 Group, nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever . This Presentation does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Neither the Company nor any other member of the Group has registered or intends to register any securities under the Securities Act or the securities laws of any state or other jurisdiction of the United States. THIS PRESENTATION IS NOT AN INVITATION TO PURCHASE SECURITIES OF THE COMPANY OR THE GROUP. 2 Disclaimer SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKAN 1. Overview of HY 2025 Thomas Huber (CEO) 2. 3. 4. Agenda 3SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANHighlights of the first half year EBITDA in CHF million 0.9 -95.7%(1) EBITDA-Margin as % of Net Sales 0.7 -12.4pp(1, 3) Order Intake in CHF million 213.0 +20.2%(1) Net Sales in CHF million 134.6 -17.8%(1) SKAN recorded strong order intake in the first half year. Order backlog climbed to a new record high and book -to-bill ratio at 1.6 provides good visibility. Net sales and EBITDA are below the previous year’s levels due to project postponements, which reflect the highly cyclical nature of SKAN’s equipment business. Full order books and a high -quality order pipeline will enable the company in the second half of the year to compensate for the temporary shortfalls and achieve its growth targets. Total investments of CHF 21.5 million mainly related to the strategic initiative Pre-Approved Services. (1) Changes compared to 1 st half 2024 (2) Changes compared to 31.12.2024 (3) Percentage points Investments in CHF million 21.5 -3.2%(1) Order Backlog in CHF million 386.4 +21.4%(2) 4SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANBoth segments drive strategic initiatives forward 5 Equipment & Solutions Strong order intake in the first half of 2025 (+28.4%). Lower net sales and negative segment EBITDA due to project postponements and continued investments in strategic initiatives. R&D expenses (9.8% of sales) were mainly allocated to Integrated Process Solutions (flexible integrated systems for smaller batches) and standardization. Services & Consumables Steady order intake and net sales as well as lower margin due to high comparative basis from H1 2024 (large order for high -margin AT consumables). Thanks to many new service orders and growing installed base, service business is expected to pick up in H2 2025. The development of Pre-Approved Services was driven forward in H1 2025 and is on track for regulatory approval in Q1 2026. SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKAN Raleigh US Okinawa JP Sales & services office Sales and life cycle support US Production site Sales, assembly, and life cycle support Far East Aseptic Technologies Gembloux & Ans BE Görlitz DE Aseptic manufacturing process Aseptic Filling equipment & Closed Vial® Technology Production site Focus: steelwork, production, assembly, qualification Stein CH Production site Prototype construction, steelwork, ebeam competence USA Belgium Germany Switzerland Slovenia JapanBrazil 950 43 63 325 130 São Paulo BR Sales & services office Sales and life cycle support South America Metronik Ljubljana SI & Zagreb HR Software solutions Manufacturing digitalization of life- sciences industry (Manufacturing Execution System (MES)) 152 3 Allschwil CH Headquarters / production sites Engineering, sales, service, assembly, R&D, laboratories ABC Transfer® Chambray-lès-Tours FR Transfer-Systems & Betabag Designing, manufacturing and distributing sterile transfer solutions for pharmaceutical applications France 11 Stronger customer proximity through accelerated decentralization and expanded offering 6SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025 (1) As of 30 June 2025, SKAN reported a total of 1’504 employees, plus 10 from the integration of Plast4Life, 160 from the acquis iti on of Metronik , and 11 from the acquisition of ABC Transfer. (1) (1) (1) Croatia 8
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Another step towards the «one-stop-shop» solution provider for our customers SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKAN ▪ Investment in production capacity expansion and scale-up ▪ Continuous innovation to meet customer’s demand and to maintain technical leadership ▪ Continuous active contribution to new guidelines & regulations ▪ Grow service revenues with ever- increasing installed base of isolators ▪ Scale-up of Aseptic Technologies ▪ Intensified joint developments with established fill-finish partners ▪ In-house development of automated process equipment in combination with isolator technology ▪ Expand offering to include software and digital integration services ▪ Increasing, global product lifecycle support with expanding installed base ▪ Further development of innovative consumables (e.g. closed vials, transfer systems, filling kits) ▪ Additional service offerings of “pre-approved” solutions to help customers shorten time-to-market Business units ▪ Offer proprietary Manufacturing execution system (MES) ▪ Industry 4.0 – “One button release” paperless GMP compliant documentation – Artificial Intelligence for preventive maintenance ▪ Increased augmented reality service and virtual reality design support Services Services & Consumables All Consumables Process Solutions Integrated Process Solutions Equipment & Solutions. Services & Consumables. Objectives: Continue growth track -record Increase recurring revenue base Expand profitability 8 Fortify market leadership Expand addressable market towards integrated process systems Increase exposure to after- market services & consumables revenues Accelerate digital transformation 1 2 3 4 Extension of service offering for customers with immediate value contribution SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANMetronik – a leading software provider and integrator for production processes in the life science industry 9Note: (1) Internet of Things Leading provider of software for the digitization, automation and control of production and building management processes. Modular, proprietary and web -based software for manufacturing operations management and execution systems (MES). Proven expertise with >100 life sciences clients – including Novartis, Sandoz and Stada – and >1’000 completed projects. Extensive expertise in software development, process automation, IoT (1) integration and energy management. Entrepreneurial culture with uncompromising customer focus. Headquartered in Ljubljana, Slovenia, with a subsidiary in Zagreb, Croatia, and partners across Europe. SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANDigital backbone of modern pharma production environments MePIS is a suite of modular software solutions that enable manufacturing companies to digitalize and optimize production processes and facility buildings, while achieving full data integrity and regulatory compliance . MePIS features unique technology for integration of Supervisory/Control level with MES (IT/OT integration layer). MePIS provide cutting edge solutions in manufacturing operations and execution management (all -inclusive MES), in the acquisition, archiving and analysis of process data, as well as in recipe management, operational excellence, Track & Trace, serialization and aggregation, advanced process control and building management systems. MePIS is 100% web-based and can be easily implemented and integrated into existing infrastructure .MePIS OPEX Operational Excellence Manufacturing Operations Management MePIS PDM Process Data Management MePIS RM Recipe Management MePIS MES Manufacturing Execution System SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANABC Transfer – specialized in transfer systems for the aseptic filling of pharmaceuticals 11 Leading innovator in patented secure rapid transfer systems, enhancing efficiency in pharmaceutical production. Offers several types of registered products: sterile transfer ports, sterile transfer bags and sterile containers, widely compatible with existing market solutions and meeting Annex 1 requirements. >5’000 single-use Betacleanbag and >200 Alpha Ports sold, recurring revenues are well anchored. >75 customers, including renowned blue -chip clients such as GSK, Sanofi, Lilly and Merck. Entrepreneurial culture with uncompromising customer focus. Headquartered in Tours, France. SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANTransfer systems for sterile pharmaceutical manufacturing Alpha port 01 Stainless steel port integrated into isolators Connects to beta containers or beta bags Connects to alpha port Ensures the safe transfer of sterilized tools or components into isolator filling lines Beta container Connects to alpha port Ensures the safe transfer of stoppers, media plates or other components into filling lines Single-use beta bags 02 03 SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKAN 1. 2. Financial Results HY 2025 Burim Maraj (CFO) 3. 4. Agenda 13SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANStrong order intake momentum in the reporting period Note: Rounding differences may occur. Robust growth fueled by high demand for ADC (Antibody Drug Conjugates) filling lines. With a book-to-bill ratio of 1.6x, visibility for net sales development remains strong. The order pipeline remains at a high level, and the win rate exceeded 40%, reinforcing confidence in continued growth. Strong European order growth fueled by significant capacity expansions at our customers. US demand potential remains high, with decision-making expected to pick up following a cautious start to the year. Asian market at 9.8% of total volume with fluctuations caused by a few larger individual orders. Order intake (CHFm and ∆ in%) Book-to-bill-ratio Order intake by regions (CHFm and ∆ in%) Comments 14 175.3 119.8 177.2 182.3 213.0 H1/23 H2/23 H1/24 H2/24 H1/25 +16.9% +20.2% 58.8% Europe 41.5% 31.0% Americas 6.6% 9.8% Asia 1.7% 0.4% Others 89.0 125.3 73.6 66.1 11.7 20.8 2.9 0.8 50.2% +40.8% -10.2% +78.5% -71.8% HY24 HY25 1.3x 0.7x 1.1x 0.9x 1.6x SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANSKAN’s project business characterized by non-linearity of value creation and cash-in General value creation structure (in % per project milestone) 2% 3% 5% 40% 35% 10% 5% 2% 5% 10% 50% 85% 95% 100% 30% 30% 60% 60% 90% 95% 100% KickOff Mockup Design Rev. Steelwork FAT SAT Closing EBIT realisation Value creation Cash-In 15 Net sales and EBIT recognition is closely linked to value creation based on project progress using the cost-to-cost PoC method. During the design & development phase, value added is low and accordingly net sales and EBIT are also lower. During value-added manufacturing & assembly, the net sales and EBIT curve rises steeply , while it flattens out again towards the end of a project. Cash-in through advance payments from customers at the beginning of a project and at milestones (start of manufacturing, factory acceptance test, site acceptance test, project completion). Design & engineering Manufacturing & assembling Commissioning & qualification Explanation of abbreviations: FAT: Factory Acceptance Test SAT: Site Acceptance Test SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANRecord backlog drives growth outlook for H2 and beyond Note: Rounding differences may occur. Net sales decrease mainly driven by project postponements. Additionally, more projects in lower value creation phases weighed on net sales. Adjusted for currency effects, the net sales decline amounted to -16.9%. Record CHF 386.4m backlog provides good visibility for the rest of the year and beyond. Net sales (CHFm and ∆ in%) Comments 16 163.7 134.6 HY 2024 HY 2025 -17.8% 318.3 386.4 YE 2024 HY 2025 +21.4% Order backlog (CHFm and ∆ in%) SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANGrowth target on track for H2 despite temporary margin dip EBITDA declined to CHF 0.9m, resulting in a margin of 0.7%, primarily driven by non-linearity of value creation of the project business. Development of cost elements: Material costs are below prior -year levels due to project phase timing, with an increase expected in H2 as projects move into production and boost net sales and margin. Personnel expenses below prior year due to lower provision requirements. Other operating expenses rose mainly due to higher travel activity, increased maintenance and IT -related costs, reflecting the continued expansion of SKAN’s operational activities. Continued investments (9.8% of net sales) in strategic initiatives directly expensed. Expenses (CHFm) Comments +31 +33 EBITDA (CHFm and margin in %) 17 19.4% 59.7% 21.7% 40.9 29.3 82.6 80.3 22.1 26.1 HY 2024 HY 2025 145.6 135.7 -6.8% (-9.9) Material and external services Personnel expenses Other operating expenses 13.5% 50.5% 25.0% 21.5 0.9 HY 2024 HY 2025 -95.7% (-20.6) 13.1% 0.7% Note: Rounding differences may occur (1) CHF 2.1m change in inventory of finished, unfinished goods & work in progress not considered (HY 2024: CHF 3.4m) (1) (1) SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025 as % of net sales
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SKANSegment Equipment & Solutions (E&S) Strong increase of +28.4% YoY in order intake reflecting strong demand. Net sales & EBITDA impacted by the postponement of a major order scheduled for the value - intensive phase in H1, along with the shift of multiple projects currently in the lower value-intensive commissioning and qualification phase. As a result, approximately 20% of net sales and corresponding margin recognition have been shifted. Increased order backlog of CHF 346.0m (+22.3%) provides good visibility for H2 and beyond. Order intake (CHFm) cum. Order backlog (CHFm) Net sales (CHFm and as of % of Group net sales) CommentsEBITDA (CHFm and margin in %) 73.4% 67.4% 7.4% -10.0% 18Note: Rounding differences may occur. 128.2 85.0 124.9 130.1 160.4 H1/23 H2/23 H1/24 H2/24 H1/25 +23.3% +28.4% 120.1 90.7 HY 2024 HY 2025 -24.5% 8.9 -9.1 HY 2024 HY 2025 -202.3% 349.5 289.9 294.2 283.0 346.0 SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANSegment Services & Consumables (S&C) Note: Rounding differences may occur. Stable order intake and net sales mainly due to high comparative basis from H1 2024: extraordinary performance of Aseptic Technologies. Large single orders of spare parts packages. Net sales impacted by the timing of maintenance contracts and retrofit projects execution, which are scheduled for the second half of the year. This increased order backlog to CHF 40.4m (+19.5%) EBITDA margin decline impacted by the product mix, with a rebound anticipated in H2 2025. Order intake (CHFm) Net sales (CHFm and as of % of Group net sales) CommentsEBITDA (CHFm and margin in %) 19 26.6% 32.6% 28.9% 22.8% 52.3 52.5 HY 2024 HY 2025 +0.5% 43.6 43.9 HY 2024 HY 2025 +0.6% 12.6 10.0 HY 2024 HY 2025 -20.6% 33.8 40.4 cum. Order backlog (CHFm) SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKAN 53.7 52.9 Opening Balance 22.6 Operating CF -13.4 Investing CF -9.5 Financing CF -0.5 Conversion diff. Closing Balance -0.8 (-1.4%) Cash flow driven by non-linearity of projects Operating CF and the significantly negative NWC of CHF 25.3m reflect the non-linear project business, with lower work-in-progress and strong order intake leading to higher customer advance payments. Investments primarily allocated to the strategic initiative Pre -Approved- Services. Free cash flow reached CHF 9.2m, compared to CHF -29.5m in the same period last year. Financing CF is mainly driven by the payout of the dividend in May. Cash flow (CHFm) Comments 20Note: Rounding differences may occur. (1) including other current liabilities, accrued liabilities and deferred income SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025 Net-working-capital (NWC) (CHFm and in %) 48.5 41.1 113.3 111.9 -36.0 -27.2 -113.6 -140.0 -12.0 -11.1 YE 2024 HY 2025 0.2 -25.3 Inventories & work in progress Receivables & prepayments Current provisions Trade payables & advance payments Other current liabilities Free Cash Flow CHF 9.2m (1)
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SKANStrong balance sheet & finance structure Note: Rounding differences may occur. (1) Includes trade receivables, other current receivables, inventories, work in progress and prepayments & accrued income. (2) Includes property, plant and equipment, financial assets, intangible assets and deferred tax assets. (3) Includes trade payables, advance payments from customers, other current liabilities, current provisions, and accrued liabilit ies & deferred income. (4) Includes other non -current liabilities, deferred tax liabilities and non -current provisions. SKAN Group posts a net cash position of CHF 42.9 million as of 30th June 2025. As a result, the SKAN’s net liquidity remained stable. Total equity amounted to CHF 183.4 million, which corresponds to a very solid equity ratio of 48.1%. Financial structure remains strong post-acquisitions. Balance sheet as of 30th June 2025 (CHFm) Comments Other current assets(1) Non-current assets(2) Other non-current liabilities(4) Minority interest Equity attributable to shareholders of SKAN Group AG Other current liabilities(3) Current financial liabilities Non-current financial liabilities Cash and cash equivalents 21 161.0 175.5 196.2 177.2 169.8 153.0 6.4 6.3 53.7 52.9 9.5 8.9 9.8 9.8 1.1 1.2 161.6 178.3 Liabilities and equity YE 2024 Assets HY 2025 Assets YE 2024 384.5 381.5 384.5 381.5 Liabilities and equity HY 2025 -0.8% -0.8% SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKAN 1. 2. 3. Outlook 2025 Thomas Huber (CEO) 4. Agenda 22SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANConfident market and business outlook Market development SKAN continues to operate in a structurally growing market. Main drivers are: The underlying growth of the global pharmaceutical and biotech market; The reinforcing trend towards injectable drugs (three quarters of drugs in development are designed for injectable dosage form); The shift from traditional cleanrooms to the safer and more sustainable isolator technology; The reshoring of pharmaceutical production. As a consequence, demand for process solutions for the aseptic filling of drugs and for the associated services and consumables will continue. 23 Business development Even though the cyclical nature of the first half of the year, which is typical for the business, was more pronounced than in previous years, we are confident that in the second half of the year the temporary gaps in net sales and EBITDA caused by project postponements will be closed. Optimism is fueled by the strong order intake, the high order backlog and the full pipeline of requests for quotations. In addition, pre-production of standard isolators can be sold in the second half of the year. Together with Metronik, SKAN can now offer customers a comprehensive solution along the entire pharmaceutical value chain – from isolator technology and automation to fully digitalized and integrated manufacturing processes. SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKANExpanding the SKAN location in the US Stability With our global presence and focus on customer proximity, SKAN is well positioned to ensure stability and delivery reliability even under changing trade and customs regulations. Strategic relevance Current developments in US customs policy confirm the strategic relevance of our plan to expand the SKAN location in the US and establish local production. We are currently reviewing suitable options. Supply of US customers from Görlitz (DE) We will continue to reliably supply our US customers from our location in Görlitz (DE). This allows SKAN to export to the US on the same terms as its competitors, all of whom are based in the EU. 24SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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SKAN Segment net sales growth (2) Group net sales growth EBITDA margin av Financial targets and guidance confirmed 2 3 1 14 - 16% Mid-teens Mid- to upper teens 25 Confirmed Mid-term Targets 2025 Guidance (1) Note: Rounding differences may occur. (1) 2025 targets assume no further deterioration (direct or indirect) of economic general conditions and other unpredictable deve lo pment of the geopolitical situation. (2) E&S refers to Equipment & Solutions. S&C refers to Services & Consumables E&S S&C E&S S&C Gradually increase profitability level to upper teens in the mid-term. Potential for further increase beyond mid-term period. SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025
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Together always one step ahead!
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SKANAbbreviations and Definitions 27 Alternative Financial Performance Measures (APM) EBITDA: Operating result (EBIT) plus depreciation, amortisation. EBITDA margin: EBITDA as a percentage of net sales from goods. EBT: Profit before income taxes. Equity ratio: Equity at the end of the period divided by total assets at the end of the period. Headcount: Number of people employed by SKAN Group at the time indicated (i.e. excluding contractors). Book-to-bill ratio: Order intake divided by net sales. Net Cash: Cash and cash equivalents including liquid funds invest - ment less current and non -current financial liabilities. Net working capital (NWC): Total current assets (excluding cash and cash equivalents) minus trade payables, advance payments from customers, other current liabilities, current provisions and accrued liabilities and deferred income. Operating result (EBIT): Earnings before total financial result and income taxes. Return on capital employed (ROCE): Operating result (EBIT) divided by the sum of the average total assets minus the average current liabilities, expressed as a percentage. SKAN Group AG Presentation of the HY 2025 Financial Results19 August 2025