dormakaba (DOKA) Corporate presentation summary

Corporate governance and ownership structure

• Proposal to simplify ownership structure, aligning economic interest at the holding company level and increasing free float to 72%.

• Board size to be reduced from 10 to 8, with two members not standing for re-election; all others up for re-election.

• Mankel family to contribute its stake in exchange for new shares, with a 15-year cap on increasing shareholding above 57%.

• Chair of the Board remains independent with a casting vote; transaction subject to AGM approval.

• Creation of CHF 2bn capital contribution reserves and enhanced capital markets profile.

Strategy and financial performance

• Achieved CHF 235m in savings and reached a 16.1% adjusted EBITDA margin for the first time.

• Streamlined portfolio with four divestments and exit from Russia; product consolidation underway.

• Commercial transformation and improved demand planning on track for 2027/28.

• Outlook for FY 2026/27: >3% organic net sales growth, >11% operating profit margin, 10.5–11.5% operating cash flow margin.

• Proposed dividend of CHF 0.95 per share, up 3.3% year-over-year.

Board of directors and governance

• Eight board members standing for re-election; no changes to committee composition.

• Board skills include financial, industry, ESG, legal, digital, and M&A expertise.

• Regular meetings cover strategy, performance, succession, ESG, and cybersecurity.

• Ongoing evaluation and renewal process for board skills and succession planning.