Media and Analyst Conference 13 March 2014

Introduction F. Thöni, Executive Director Agenda 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 07.11.2018

Introduction Felix Thöni, Executive Director 13.03.2014

Highlights and Key Achievements FY 2013 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) 13.03.2014

Kardex Group Key Figures FY 2013 Introduction Kardex Group Key Figures FY 2013 EUR million 2013 in % 2012 +/- 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 -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%

Kardex Group Key Figures Introduction Kardex Group Key Figures * without gain of sale of the Kardex Stow Division

Kardex Stow Divestment – Result of Transaction 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

Kardex Stow Divestment – Use of Proceeds (Holding) 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 Total cash return to the shareholders 2013/14: CHF 60.7 million (including ordinary dividends from operational results)

Strategic Re-alignment Completed Introduction Strategic Re-alignment Completed REMSTAR 2011 STOW MLOG REMSTAR 2014 MLOG

Financials 2013 Thomas Reist, Head Finance & Controlling 13.03.2014

Kardex Group – Continued Operation (P&L) Financials 2013 Kardex Group – Continued Operation (P&L) 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%

Kardex Group – Balance sheet Financials 2013 Kardex Group – Balance sheet 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% 13.03.2014

Division Report Kardex Remstar Jens Fankhänel, Head of Division 07.11.2018

Financial Highlights 2013 Division Report Kardex Remstar 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 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% 07.11.2018

Division Report Kardex Remstar Major Achievements 2013 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 13.03.2014

Division Report Kardex Remstar New Product SHUTTLE XP1000 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 13.03.2014

Division Report Kardex Remstar New Product MEGAMAT RS180 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) 13.03.2014

Main Strategic Projects 2014/2015 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 13.03.2014

Division Report Kardex Mlog Hans-Jürgen Heitzer, Head of Division 13.03.2014

Division Report Kardex Mlog Financial Highlights 2013 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 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) 07.11.2018 07.11.2018

Major Achievements 2013 Turn around achieved 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 13.03.2014

Division Report Kardex Mlog MMove

Division Report Kardex Mlog MSpacer

Division Report Kardex Mlog MVisu

Major Strategic Projects 2014/15 Division Report Kardex Mlog Major Strategic Projects 2014/15 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 13.03.2014

Outlook Felix Thöni, Executive Director 07.11.2018

Strategic Direction: Net Sales Mix 2012 -> 2016E Outlook Strategic Direction: Net Sales Mix 2012 -> 2016E Kardex Remstar Kardex Mlog 2012 2016E

2012 defined financial targets 2014 slightly adapted 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% Equity Ratio Dividend Policy (pay out ratio) Net Debt/EBITDA > 35% Up to 35% of operational net profit < 2.5x 13.03.2014

Kardex is ready for profitable growth … 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 13.03.2014

Questions and Answers 13.03.2014

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. 13.03.2014