PIERER MOBILITY (PKTM) Investor Presentation summary

Company overview

• Leading European motorcycle group with a focus on premium and offroad segments, including brands KTM, Husqvarna, GASGAS, and Felt.

• Main production site in Austria, with global partners Bajaj (India) and CFMOTO (China).

• Over 510 world championship titles and strong motorsport heritage.

• 2024 revenue €1.9 billion (-29%), 292,497 motorcycles sold (-21%), EBITDA -€300 million.

Recent performance and restructuring

• KTM AG and two subsidiaries entered restructuring with self-administration in Nov 2024 due to liabilities >€2 billion.

• Agreement with creditors: 30% cash quota payable by May 23, 2025, fully settling liabilities.

• Production halted Dec 13, 2024–Mar 17, 2025 to reduce stock; ramp-up will take up to 3 months.

• Workforce reduced by ~1,800; production volume in Austria cut to ~150,000 units.

• Decision to wind down e-bicycle business and sell majority stake in MV Agusta.

Capital needs and investor engagement

• Approximately €800 million in fresh capital required for restructuring, production ramp-up, and general needs.

• Capital structure (equity/debt/hybrid) and level (group/subsidiary) under consideration.

• Citigroup appointed to manage the capital raise; ongoing discussions with strategic and financial investors.