13 March 2014

Media and Analyst Conference

Template Objects Do not delete! These objects are not visible in “slide show” mode. Use „Format Painter“ tool to quickly copy the formatting to the objects on the slides. Agenda

2

Introduction F. Thöni, Executive Director

Financials 2013 T. Reist, Head Finance & Controlling

Division Report Kardex Remstar J. Fankhänel, Head Kardex Remstar

Division Report Kardex Mlog H.-J. Heitzer, Head Kardex Mlog

Outlook F. Thöni, Executive Director

Questions and Answers

12.03.2014

Introduction

Felix Thöni, Executive Director

3 13.03.2014

Introduction

Highlights and Key Achievements FY 2013

• Kardex Group achieved solid operating result from continued operations: EBIT EUR 24.2 million (EBIT-Margin 8.0%), EUR + 5.7 million (+ 30.8%)

• Kardex Remstar increased profitability through efficiency improvements

• Kardex Mlog achieved turnaround and settled former problem projects

• ROCE (continued operations) reaches 29%

• Profitable divestment of Kardex Stow

• Repositioning of the Kardex Group concluded

• Board of Directors proposes ordinary dividend of CHF 1.25 (2012: CHF 1.20) and extra-dividend of CHF 1.40 (gain on divestment Kardex Stow)

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Introduction

Kardex Group Key Figures FY 2013

EUR million 2013 in % 2012 in % +/- in %

Bookings 410.7 102.9% 489.7 101.1% -16.1%

Order backlog (31.12.) 105.2 26.3% 154.9 32.0% -32.1%

Net revenues 399.3 100.0% 484.4 100.0% -17.6%

Gross profit 113.7 28.5% 118.4 24.4% -4.0%

EBIT continued operations 24.2 8.0% 18.5 6.0% +30.8%

EBIT Stow Division (2013: Jan. – July) 4.8 9.0

EBIT gain on divestment Stow 8.8

EBIT 37.8 9.5% 27.6 5.7% +37.0%

Result for the period 31.5 7.9% 21.4 4.4% +47.2%

Earnings per share (EUR) 4.08 2.77 +47.3%

Free cash flow 93.9 28.4 +230.6%

ROCE (continued operations) 28.7% 21.2% +35.4% 5

Introduction

Kardex Group Key Figures

6

-44.9

-15.5 -3.8 12.4 17.2 77.0

-60

-40

-20

0

20

40

60

80

30.06.11 31.12.11 30.06.12 31.12.12 30.06.13 31.12.13

EUR million EUR million NET CASH

13.6% 25.5%

31.2% 36.2%

38.9%

55.9%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

30.06.2011 31.12.2011 30.06.2012 31.12.2012 30.06.2013 31.12.2013

EQUITY RATIO

-9.8 6.4 13.8 17.6 15.5 20.8

-20

0

20

40

1 HY 11 2 HY 11 1 HY 12 2 HY 12 1 HY 13 2 HY 13

EUR million EUR million OPERATING CASH FLOW

1.2%

3.2%

5.1% 6.3% 6.4%

8.4%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

1 HY 11 2 HY 11 1 HY 12 2 HY 12 1 HY 13 2 HY 13*

EBIT-MARGIN

* without gain of sale of the Kardex Stow Division

Introduction

Kardex Stow Divestment – Result of Transaction

EUR million

Enterprise value 73.0

Goodwill -23.1

Equity Stow Division -35.6

Net debt, transaction cost, taxes, etc. -5.5

Gain on divestment 8.8

7

Introduction

Kardex Stow Divestment – Use of Proceeds (Holding)

EUR million

Cash inflow 76.9

Repayment of bank debts -10.0

Extraordinary dividend per share of CHF 4.00 - repayment of capital increase 2011

-25.2

Extraordinary dividend per share CHF 1.40 - payment of divestment gain to the shareholders

-8.8

Remaining cash inflow 32.9

8

Total cash return to the shareholders 2013/14: CHF 60.7 million (including ordinary dividends from operational results)

Introduction

Strategic Re-alignment Completed

9

2011

2014

STOW REMSTAR

MLOG

REMSTAR MLOG

Financials 2013

Thomas Reist, Head Finance & Controlling

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Financials 2013

Kardex Group – Continued Operation (P&L)

11

EUR million 2013 2012 +/- +/- in %

Bookings 302.0 305.9 -3.9 -1.3%

Net revenues 302.1 307.9 -5.8 -1.9%

COGS -206.0 -220.0 +14.0 +6.4%

Gross profit 96.1 87.9 +8.2 +9.3%

Gross profit margin 31.8% 28.5% +11.6%

OPEX -71.9 -69.4 -2.5 -3.6%

EBIT 24.2 18.5 +5.7 +30.8%

EBIT margin 8.0% 6.0% +33.3%

EBITDA 30.4 25.0 +5.4 +21.6%

Financials 2013

Kardex Group – Balance sheet

12

EUR million 2013 2012 +/- +/- in %

Balance sheet total 191.3 235.8 -44.5 -18.9%

Non-current assets 34.6 63.5 -28.9 -45.5%

Net working capital (NWC) 54.4 72.1 -17.7 -24.5%

NWC in % of net revenue 13.6% 14.9% -8.7%

Interest-bearing debt -2.1 -19.5 +17.4 +89.2%

Net cash 77.0 12.4 +64.6 +521.0%

Equity 106.9 85.4 +21.5 +25.2%

Equity ratio 55.9% 36.2% +54.4%

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Division Report Kardex Remstar

Jens Fankhänel, Head of Division

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Division Report Kardex Remstar

Financial Highlights 2013

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EUR million 2013 2012 +/-

Bookings 241.4 233.7 +7.7

Order backlog 75.1 69.4 +5.7

Net revenues 235.4 236.7 -1.3

EBIT 24.0 23.1 +0.9

EBIT in % 10.2% 9.8% +4.0%

EBITDA 29.4 28.9 +0.5

EBITDA in % 12.5% 12.2% +2.6%

Employees (FTE)

1198 1168 +30

0

2

4

6

8

10

12

14

16

18

20

22

24

26

0

50

100

150

200

250

2011 2012 2013

Net revenues EBIT

EUR million • Positive development from 2012 continued, 2nd half of 2013 stronger in terms of net revenues and EBIT than in the 1st half

• Further efficiency gains in the productions leading to higher gross profit margins

• EBIT better than 2012 despite slightly lower net revenues

• Growth in service business (from 27.9% to 28.6% of total net revenues) with a high contribution to EBIT

• All Financial KPIs in upper strategic range:

• EBIT margin: 10.2% • ROCE: 24.5%

Division Report Kardex Remstar

Major Achievements 2013

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• Main target for 2013 was to stabilize business model and to deliver the same or better results than 2012 – target has been achieved

• New Asia/Pacific management and organization established – provides basis for business expansion in this region

• Centralized European spare parts center fully operational – basis for better and faster service to our customers

• Investment into sales organization and staff – solid foundation for growth in 2014 and the following years

• Production/Supply chain – further efficiency increases and extended strategic sourcing

• Successful launch of new products SHUTTLE XP1000 and MEGAMAT RS180

• Increased order backlog supports profitable growth ambitions in 2014

Division Report Kardex Remstar

New Product SHUTTLE XP1000

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• Industrial vertical lift with extended features, 1’000 kg load capacity on up to 4m wide trays (total of 60 to 80 tons) – providing a good base for new industrial applications and campaigns

Division Report Kardex Remstar

New Product MEGAMAT RS180

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• Industrial vertical carousel based on standard MEGAMAT RS design

• Designed for lower load capacities and better manufacturing cost

• Extended features and better market price position providing a good base for new industrial applications

• Entry model for new market segments (e.g. hospitals)

Division Report Kardex Remstar

Main Strategic Projects 2014/2015

• Transfer strategic investments (organization and people) from 2013 into profitable growth

• Sales push specifically in North America, Asia/Pacific, Middle East and Africa to defend and extend market position

• Push additional sales channels through extended OEM efforts

• Strengthen R&D-initiatives/R&D-projects with the aim to extend application, product and software offering, as well as to further reduce cost base through redesigns

• Implement people development further and enhance company attractiveness

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Division Report Kardex Mlog

Hans-Jürgen Heitzer, Head of Division

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Division Report Kardex Mlog

Financial Highlights 2013

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-4.0

-3.0

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

0

10

20

30

40

50

60

70

80

2011 2012 2013

Net revenues EBIT

EUR million

12.03.2014

EUR million 2013 2012 +/-

Bookings 60.6 72.2 -11.6

Order backlog 30.3 37.0 -6.7

Net revenues 67.0 71.3 -4.3

EBIT 1.2 -3.0 +4.2

EBIT in % 1.8% -4.2%

EBITDA 1.8 -2.4 +4.2

EBITDA in % 2.7% -3.4%

Employees (FTE)

242 255 -13

• First positive result since part of Kardex family

• ROCE of 16% achieved

• Bookings and order backlog on a low level due to stringent risk assessment (3 projects refused)

• Standardization allows further staff reduction by 5% (EUR 0.5 million restructuring costs incl. in EBIT)

Division Report Kardex Mlog

Major Achievements 2013

• Turn around achieved

• Risk review process in place and effective

• New management team on board and effective

• All risk projects from previous years settled (1 project to be completed until May 2014 on limited risk)

• 3 new products developed and launched on 2014 Logimat – MMove – MSpacer – MVisu

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MMove Division Report Kardex Mlog

MSpacer Division Report Kardex Mlog

MVisu Division Report Kardex Mlog

Division Report Kardex Mlog

Major Strategic Projects 2014/15

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• Confirmation of turn around

• Stabilize new sales mix by pushing partner-, service- and refurbishment- business

• Integrated systems business on higher margins with MSpacer

• Market entrance and additional features of MMove

• Market entrance of MVisu and development of automated code generator

• Phase 2 on restructuring: further optimization of staff structure

Outlook

Felix Thöni, Executive Director

26 12.03.2014

Outlook

Strategic Direction: Net Sales Mix 2012 -> 2016E

Kardex Mlog Kardex Remstar

2012

2016E

27

New business

72%

Life cycle services

28%

New business

66%

OEM 6%

Life cycle services

28%

Systems / Integrated subsystems

70% System

components 2%

Refurbishment 13%

Service 15%

Systems / Integrated subsystems

37%

System components

15%

Standalone subsystems

11%

Refurbishment 16%

Service 21%

Outlook

2012 defined financial targets 2014 slightly adapted

Net Sales Growth EBIT Margin ROCE

Kardex Remstar 7% - 11%

Kardex Mlog 4% - 6%

Group 3% - 5% p.a. > 6% > 17%

28

Equity Ratio Dividend Policy (pay out ratio) Net Debt/EBITDA

> 35% Up to 35% of

operational net profit < 2.5x

13.03.2014

Outlook

Kardex is ready for profitable growth …

• The Kardex Group has the full operational flexibility based on financial independence: – solid free cash flow – strong balance sheet

• no interest-bearing debt • no capitalized goodwill • strong cash position

• Kardex Remstar has invested in the organization and sales force to exploit its potential for profitable growth

• Kardex Mlog aims to prove the sustainability of the achieved turnaround in 2014

• Market sentiment improved from last year

• Despite the limited visibility of the business, Kardex expects a further positive development in 2014

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Questions and Answers

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Media and Analysts Conference Kardex Group March 2014

Disclaimer

This communication contains statements that constitute “forward-looking statements”. In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Kardex’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Kardex’s past and future filings and reports and in past and future filings, press releases, reports and other information posted on Kardex Group companies’ websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Kardex disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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