PIERER MOBILITY (PKTM) Investor Presentation summary

Company overview and business model

• Leading European manufacturer focused on premium motorcycles and e-bicycles, with brands including KTM, Husqvarna, GASGAS, MV Agusta, and Felt.

• Extensive global dealer network: 4,760 motorcycle and 2,340 bicycle dealers.

• Strategic partnerships with Bajaj (India) and CFMOTO (China) for production, distribution, and joint development.

• Emphasis on racing success, innovation, and premium positioning across brands.

• E-bicycles offered under Husqvarna and GASGAS, with Felt covering traditional and performance bicycles.

Financial performance and shareholder structure

• Revenue grew from €1,530m in 2019 to €2,661m in 2023, with EBITDA margin stable at 15–16%.

• Result for the period reached €171m in 2023, with a net margin of 7%.

• Free cash flow improved to €172m in 2023.

• Shareholder structure: Pierer Bajaj AG holds >74.9%, free float <25%.

• Listed as an Austrian public company with 33,796,535 bearer shares and one-share-one-vote structure.

Strategic developments and restructuring

• KTM AG, a major subsidiary, entered restructuring proceedings with self-administration in November 2024.

• Restructuring aims to secure KTM Group’s future and strengthen its position, with a 90-day process and a minimum 30% quota to creditors within 2 years.

• All other KTM AG subsidiaries, especially sales companies, remain unaffected.

• Recent acquisition increased MV Agusta stake to 50.1% in 2024.