#1A Results 2023 Media and Investor Presentation, March 13, 2024 Thomas Oetterli, Group CEO Oliver Streuli, Group CFO RIETER J 70#2Agenda 01 02 03 333 Key Messages Market Next Level 04 Innovations 05 Financials 06 Sustainability 07 Outlook 2024 Results 2023. Media & Investor Presentation. March 13, 2024 RIETER Page 2#3Results 2023. Media & Investor Presentation. March 13, 2024 RIETER 1 Key Messages Page 3#4Rieter Group – Key Messages - Sales CHF 1 418.6 million (-6%) EBIT CHF 101.7 million (+216%) Net Profit CHF 74.0 million (+512%) Results 2023. Media & Investor Presentation. March 13, 2024 RIETER Performance Program "Next level" in progress Order Intake CHF 541.8 million (-53%) Market Situation challenging Campus/Innovation Order Backlog CHF 650 million (-58%) Dividend Proposal on track CHF 3.00 per share (+100%) Page 4#5Results 2023. Media & Investor Presentation. March 13, 2024 2 Market RIETER Page 5#6Rieter Group Sales CHF million 2023 1 418.6 2022 1510.9 2023 75.7 2022 123.3 2023 221.3 2023 361.8 2022 266.1 2022 472.6 2023 188.0 2022 168.5 2023 182.5 2023 164.8 2023 224.5 2022 209.2 2022 74.4 2022 196.8 North and 1 without China, India and Türkiye Europe South America Türkiye Africa Asian countries1 India China Results 2023. Media & Investor Presentation. March 13, 2024 RIETER Page 6#7Spinners Margin vs. Cotton Price CHF/KG CHF/KG Average Cotton Price Average Spinners Margin Cotton 4 2 1 3 2 1 RIETER 0 0 2020 2021 2022 2023 2020 2021 2022 2023 ROW India China Results 2023. Media & Investor Presentation. March 13, 2024 Page 7#8Spinning Mills - Capacity Utilization Average in % 60 67 51 557 82 96 60 60 84 85 50 50 2020 2021 2022 ROW India China Results 2023. Media & Investor Presentation. March 13, 2024 68 80 59 55 2023 - RIETER Slowdown in 2023 with initial signs of recovery in China Page 8#9Market Situation - China - - Growth rate in China indicates a positive investment sentiment for the local market Negative currency effect on sales in financial year 2023 of nine percentage points Very good customer response during ITMA Asia 2023 in Shanghai Opportunities to expand market share Results 2023. Media & Investor Presentation. March 13, 2024 RIETER Page 9#10NEXT LEVEL 3 Next Level Results 2023. Media & Investor Presentation. March 13, 2024 RIETER Page 10#11Next Level Shall Create Long-Term Value for Stakeholders Next Level EBIT margin ambition CHF million ~4% 0% LOW at 1 000 sales Results 2023. Media & Investor Presentation. March 13, 2024 -8% RIETER ~12% HIGH at 1 600 sales -8% MID at 1 300 sales ~4% Page 11#12Anticipated Low Scenario in 2024 CHF million 650 -100 550 200 240-260 1'000 Order backlog Realization in 2025 and cancellations Realization in 2024 Sales new machines Sales components and after sales Scenario 2024 Results 2023. Media & Investor Presentation. March 13, 2024 RIETER Page 12#13Performance Program Next Level - Update 1 Sales Excellence 2 Competitive Products 3 Effective Supply Management RIETER 4 Agile Structures - Increase After Sales and Components sales Adapt sales process to capture market opportunities Push Net Promoter Score Implement continuous cost leadership organi- zation Simplification and standardization along the value chain Digitization and auto- mation Resolve supply chain disruption effects - Secure second source for critical components Ensure high quality product performance - Empowerment of key markets Overhead reduction - Closure of Ingolstadt location Results 2023. Media & Investor Presentation. March 13, 2024 Page 13#14HETER Padiglione Hall ET RIETER VETE Results 2023. Media & Investor Presentation. March 13, 2024 RIETER SON 4 Innovations RIETER Page 14#15ITMA 2023 Innovations Innovation leap - moving forward 1 Air-Jet Spinning Machine J 70 200 individually automated spinning positions Delivery speed of 600 m/min Significant energy savings thanks to the individual drive concept Best-in-class raw material utilization for high quality cotton applications 2 Card C 81 Cutting edge sensor technology Up to 40% more sliver - the most productive card Unmatched sliver quality thanks to unique technology Up to 2% higher yield Results 2023. Media & Investor Presentation. March 13, 2024 - - - 3 Automatic Piecing Robot ROBOspin Significantly reduced personnel requirements Consistently high machine performance Rapid repair of ends down Boosting productivity - 4 Recycling Pushing the boundaries with Com4recycling Recycling systems for high- quality ring and compact yarns Proven rotor recycling system to maximize the share of recycled material - - RIETER 5 Automation and Digitization System integration through digitization - ESSENTIAL: Improvement based on the analysis of past events to boost efficiency Strengthening expertise of mill staff with digital learning platform Ensuring highest profitability and protecting investment Introduce additional automation concepts Page 15#16Empty#17Results 2023. Media & Investor Presentation. March 13, 2024 5 Financials RIETER Page 17#18Financials - Key Messages Sales CHF 1 418.6 million (-6%) Net Debt CHF -191.2 million (2022: CHF -285.6 million) Results 2023. Media & Investor Presentation. March 13, 2024 Order Intake CHF 541.8 million (-53%) EBIT CHF 101.7 million (+216%) Free Cash Flow CHF 118.7 million (2022: CHF -98.6 million) RIETER Gross Profit CHF 380.3 million (+16%) Page 18#19EBIT Margin Significantly Improved CHF million EBIT 2.1% - EBIT 7.2% - 1'510.9 1'418.6 Sales 2022 Sales 2023 Results 2023. Media & Investor Presentation. March 13, 2024 - - RIETER High sales level due to order backlog execution Realization of price increases Cost decreases for material and logistics EBIT impacted by sale of land and buildings in Winterthur (CHF 72.5 million) and restructuring expenses (CHF -54.6 million) Page 19#20EBIT CHF million 51.3 3.5 +216% -54.6 72.5 -3.2 RIETER 101.7 32.2 2022 Gross profit R&D and SG&A Sale of land and buildings in Winterthur Restructuring expenses and impairment Other 2023 Results 2023. Media & Investor Presentation. March 13, 2024 Page 20#21Order Backlog at Year-End Order backlog still extends well into 2024 CHF million 560 1'840 1'540 650 2020 2021 2022 2023 Results 2023. Media & Investor Presentation. March 13, 2024 RIETER - - Order cancellations 2023 on a normal level Backlog margins improved (price increases and cost reductions) Order backlog by the end of 2023 amounts to more than half of a low scenario sales volume Page 21#22Free Cash Flow Free cash flow driven by sale of land and net working capital reduction -98.6 89.1 +217.3 145.5 -17.3 118.7 2022 Sale of land in Winterthur Delta in operating cash flow Other 2023 Results 2023. Media & Investor Presentation. March 13, 2024 RIETER - - - Driven by operating result, sale of land and overall improvement in net working capital Cash flow from operating activities of CHF 69.3 million (2022: CHF -76.2 million) Cash flow from investing activities of CHF 49.4 million (2022: CHF -30.2 million) including sale of land Page 22#23Balance Sheet CHF million Net Working Capital (NWC) -39.5 26.0 2022 Change in NWC -13.5 2023 CHF million Net debt +94.4 In % Equity ratio +5.4% RIETER -191.2 -285.6 28.8% 23.4% 2022 Change in Net debt 2023 2022 Change in equity ratio 2023 Improvement of inventory management Cash flow from operating activities of CHF 69.3 million in 2023 Cash flow from investing activities of CHF 49.4 million in 2023 Decrease in total assets Net profit partially offset by dividend and negative currency translation effects Results 2023. Media & Investor Presentation. March 13, 2024 Page 23#24Workforce Development FTE1 6'935 1'306 -18% 5'693 612 -10% 5'629 5'081 2022 Temporaries 2023 Permanent 1FTE = Full time equivalent Results 2023. Media & Investor Presentation. March 13, 2024 RIETER - Significant decrease of - - Temporary employees (-694 FTE) and Permanent employees (-548 FTE) related to performance program Next Level Page 24#25Dividend Proposal CHF 4.50 2019 0.00 2020 4.00 2021 Dividend per share Results 2023. Media & Investor Presentation. March 13, 2024 1.50 3.00 2022 2023 - - - RIETER Board of Directors' proposal: dividend of CHF 3.00 per share Payout ratio of 18.2% Rieter aims to achieve an equity ratio of >35% Page 25#26Results 2023. Media & Investor Presentation. March 13, 2024 RIETER 6 Sustainability Page 26#27Sustainability - Report on Non-financial Matters Results 2023. Media & Investor Presentation. March 13, 2024 RIETER - - - - Report about non-financial matters integrated into the 2023 Annual Report Materiality Assessment conducted with various internal and external stakeholders Goals on "People" and "Planet" for 2025 on track Rieter is revising its sustainability strategy and goals Page 27#28RIETER RIETER Outlook 2024 Results 2023. Media & Investor Presentation. March 13, 2024 Outlook 2024 K 7 Outlook STRICTLY CONFIDENTIAL RIETER Page 28#29Outlook 2024 with Sales of around CHF 1 billion RIETER - - Markets remain under pressure from the economic slowdown, high inflation rates and noticeably dampened consumer sentiment. Customers are reluctant to place orders due to financing challenges. The first signs of a recovery in the 2024 financial year have emerged in the key markets of China and India. Rieter expects demand to increase in the coming months. For the full year 2024, Rieter anticipates sales in the region of CHF 1 billion and a positive EBIT margin of up to 4%. Results 2023. Media & Investor Presentation. March 13, 2024 Page 29#30Q&A Q&A Results 2023. Media & Investor Presentation. March 13, 2024 RIETER Page 30#31Disclaimer RIETER Rieter is making great efforts to include accurate and up-to-date information in this document, however we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoever for the use of it. The information provided in this document is not intended nor may be construed as an offer or solicitation for the purchase or disposal, trading or any transaction in any Rieter securities. Investors must not rely on this information for investment decisions. - All statements in this report which do not refer to historical facts are forecasts which offer no guarantee whatsoever with respect to future performance; they embody risks and uncertainties which include but are not confined to - future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors outside the company's control. Results 2023. Media & Investor Presentation. March 13, 2024 Page 31#32Results 2023. Media & Investor Presentation. March 13, 2024 Appendix RIETER Page 32#33Order Intake by Business Group RIETER CHF million 2022 2023 Difference Rieter 1 157.3 541.8 -53% Machines & Systems 663.9 159.4 -76% Components 310.1 229.0 -26% After Sales 183.3 153.4 -16% Difference in local currency -51% -74% -25% -12% Difference in CHF million Rieter HY1 2023 HY2 2023 Difference local currency 325.0 216.8 -33% -31% Machines & Systems Components 111.4 48.0 -57% -55% 131.0 98.0 -25% -24% After Sales 82.6 70.8 -14% -11% Results 2023. Media & Investor Presentation. March 13, 2024 Page 33#34Sales by Business Group RIETER Difference in CHF million Rieter 2022 2023 Difference local currency 1 510.9 1 418.6 -6% -4% Machines & Systems 1 034.7 965.0 -7% -5% Components 303.5 266.2 -12% -11% After Sales 172.7 187.4 9% 13% Difference in CHF million Rieter HY1 2023 HY2 2023 Difference local currency 758.2 660.4 -13% -12% Machines & Systems Components 521.9 443.1 -15% -14% 143.9 122.3 -15% -14% After Sales 92.4 95.0 3% 5% Results 2023. Media & Investor Presentation. March 13, 2024 Page 34#35Sales by Region RIETER Difference in CHF million Rieter 2022 2023 Difference local currency 1 510.9 1 418.6 -6% -4% Asian countries1 472.6 361.8 -23% -23% China 168.5 188.0 12% 21% India 196.8 224.5 14% 20% Türkiye 266.1 221.3 -17% -16% North and South America 209.2 182.5 -13% -12% Europe 123.3 75.7 -39% -37% Africa 74.4 164.8 122% 122% 1 Excluding China, India, Türkiye Results 2023. Media & Investor Presentation. March 13, 2024 Page 35#36Financial Key Figures RIETER CHF million FY 2022 HY1 2023 HY2 2023 Order Intake 1 157.3 325.0 216.8 FY 2023 541.8 Sales 1 510.9 758.2 660.4 1 418.6 EBITDA 85.0 52.2 108.2 160.4 EBIT 32.2 25.2 76.5 101.7 EBIT margin (of sales) 2.1% 3.3% 11.6% 7.2% Net profit 12.1 13.3 60.7 74.0 R&D expenditure 77.9 41.3 35.5 76.8 Capital expenditure 46.7 19.7 21.5 41.2 Free cash flow -98.6 10.0 108.7 118.7 Results 2023. Media & Investor Presentation. March 13, 2024 Page 36#37Key Data by Share Rieter registered shares of CHF 5 nominal value Bloomberg: RIEN SW, Thompson Reuters: RIEN.S Shares outstanding excluding own shares (end of period) Average shares (of period) Share price 31/12/2022 30/06/2023 RIETER 31/12/2023 4 479 635 4 491 814 4 491 814 4 491 246 4 487 113 4 489 283 (end of period) CHF 105.0 92.9 90.1 Market capitalization (end of period) CHF million 470 417 405 Results 2023. Media & Investor Presentation. March 13, 2024 Page 37#38Financial Calendar Annual General Meeting 2024 Semi-Annual Report 2024 Investor Update 2024 Publication of sales 2024 Deadline for proposals regarding the agenda of the Annual General Meeting Results press conference 2025 Annual General Meeting 2025 Semi-Annual Report 2025 Investor Update 2025 Results 2023. Media & Investor Presentation. March 13, 2024 RIETER April 17, 2024 July 18, 2024 October 23, 2024 January 29, 2025 February 28, 2025 March 13, 2025 April 24, 2025 July 18, 2025 October 22, 2025 Page 38