Gurit Holding Ag · SIX:GURN
Gurit — FY2025 Earnings Presentation
30 slides from Gurit's earnings presentation, Mar 2, 2026
Slide 1: Gurit FY 2025 Results
Gurit FY 2025 Results Media and Analyst Conference Tobias Lührig Viktor Bernhardt CEO CFO Zurich, March 2, 2026, at 09:00 AM CET Global leader in performance materials empowering our customers’ energy-efficient solutions
Slide 2: Transformation Completed, Positioned for 2026
FY 2025 Transformation Completed, Positioned for 2026 Tobias Lührig, CEO Global leader in performance materials empowering our customers’ energy-efficient solutions
Slide 3: Gurit FY 2025 - Achievements: A Decisive Year of Transformation I
Gurit FY 2025 - Achievements A Decisive Year of Transformation I Operational & Financial Highlights Completed restructuring program – with Adjusted operating result Net sales of 319.6m remarkable speed of 8.1% (29.7m) (2024: 431.7m) (2024: 6.9%, 26m) Streamlined footprint (closures, Operating result
Slide 4: Gurit FY 2025 - Achievements: A Decisive Year of Transformation II
Gurit FY 2025 - Achievements A Decisive Year of Transformation II Commercial & Strategic Achievements Sharpened focus on profitable, Landmark long-term supply agreement strategically relevant segments with Western Wind OEM, thanks to Gurit innovation. Multi-year subsea contract Strengthened resilien
Slide 5: Key Facts Business Units
Key Facts Business Units 190 mCHF NS 41 mCHF NS 88 mCHF NS Wind Systems Manufacturing Solutions Marine & Industrial • Stronger-than-expected • Net Sales in-line with • Soft market environment in performance despite expectations. Marine. strategic market exits. • Temporary slow-down in • Major breakt
Slide 6: Supply Chain & Impact of U.S. Tariffs
Supply Chain & Impact of U.S. Tariffs • Fluctuating freight rates and transit times in 2025 • Mitigated through: Flexible Contracting Optimized Inventories Sourcing Closer to Demand Stable Operations 01 Strong Service Levels 02 • Minor direct effects of U.S. tariffs were offset by pricing/sourcing,
Slide 7: Sustainability Highlights 2025
Sustainability Highlights 2025 Source: Gurit Gurit FY 2025 Presentation 02/03/2025 7
Slide 8: Financial Results
FY 2025 Financial Results Viktor Bernhardt, CFO Global leader in performance materials empowering our customers’ energy-efficient solutions
Slide 9: FY 2025 Key Facts
FY 2025 Key Facts Adjusted Stop of carbon fibre pultrusion business Net Sales Operating Result Operating Result and focus on profitable strategic Wind (in mCHF) (in mCHF) (in mCHF) customers impacted sales as expected. 319.6 -43.2 26.0 Business Unit Marine & Industrial and Manufacturing Solutions im
Slide 10: Profitability Improvement After Restructuring Completion
Profitability Improvement After Restructuring Completion in mCHF Net Sales Gross Profit Adjusted Operating Result Operating Result Net sales: -26% decline relates mostly (-22%*) to planned strategic business exits and 431.7 unfavourable F/X rates. -13% 319.6 80.2 29.7 Gross profit margin: Improved i
Slide 11: Operating Result Driven by Transformation Costs
Operating Result Driven by Transformation Costs in mCHF 26.0 -4.3 Restructuring expenses: Mainly Italy, Denmark, Mexico and India. Business divestments: Goodwill recycling carbon business (CHF 64.2m) and loss on disposals (CHF 1.7m). Impairments: mainly reversal in 0.9 0.1 Denmark and Turkey. -65.9
Slide 12: Restructuring Translates Into Tangible Profitability Improvement
Restructuring Translates Into Tangible Profitability Improvement in mCHF H1 2025 vs. H2 2025 164.7 154.9 25.0 153.9 139.7 25.5%* 18.3%* 39.5 30.1 10.8%* 5.7%* 16.7 9.3 Net Sales Gross Profit Adj. Op. Result Net Sales Gross Profit Adj. Op. Result H1 2025 H2 2025 Net Sales (continued) Net Sales (disco
Slide 13: Free Cash Flow Impacted By Restructuring Measures
Free Cash Flow Impacted By Restructuring Measures in mCHF Trade Net Working Capital CAPEX Free Cash Flow 102.4 15.2 98.5 -25% 93.3 83.1 -17% 27.2 72.9 11.3 10.5 62.0 8.7 12.3 4.4 3.5 2020 2021 2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 2025 Trade net working capital reduction Targeted CA
Slide 14: Strengthened Resilience Reflected in the Balance Sheet
Strengthened Resilience Reflected in the Balance Sheet in mCHF Net Debt Equity Net Debt / EBITDA Net debt decrease with strong operational and financial discipline. -7.7 82.9 79.3 -8.0 63.4 62.7 60.4 -0.9x Equity is impacted by 55.0 52.4 exchange rates (CTA 2.5x 46.0 2025: CHF 12.3m). 1.6x Improved
Slide 15: Outlook
Outlook Tobias Lührig, CEO Global leader in performance materials empowering our customers’ energy-efficient solutions
Slide 16: High Global Electricity Demand will Lead to Double Digit CAGR Growth of Western OEM
High Global Electricity Demand will Lead to Double Digit CAGR Growth of Western OEM until 2035 Worldwide wind turbine installation in GW of Western OEMs 102.3 95.1 10.5% 90.3 83.0 69.5 63.7 57.1 49.6 51.3 51.0 37.7 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Double-digit growth of Western
Slide 17: Chinese OEM Expected to Play a Minor Role Outside of China
Chinese OEM Expected to Play a Minor Role Outside of China Worldwide wind turbine installation outside of China market share in % 100% Western OEMs are expected to retain their dominance in highly regulated markets. Penetration by If turbines Non-Chinese 87% 85% 84% 84% 85% 84% non-Western OEMs rema
Slide 18: Onshore Growth Expected to be at 7% CAGR Mainly Installed in EMEA
Onshore Growth Expected to be at 7% CAGR Mainly Installed in EMEA Onshore Western OEM installation outside of China in MW Order intake of major OEMs 61 has sped-up in the last months. +7% 58 51 53 46 47 20 43 19 About 75% of 42 41 18 37 17 installations 16 16 6 31 15 14 5 accounted by 17 5 5 14 4 4
Slide 19: Offshore Growth Will be Limited in EMEA until 2029
Offshore Growth Will be Limited in EMEA until 2029 Offshore Western OEM installation outside of China in MW +16% 37 37 1 1 32 +14% 3 8 10 28 22 5 2 2 17 0 14 0 9 12 4 AMER 10 10 4 0 25 28 26 2 24 7 2 2 2 0 APAC 1 1 2 14 14 8 8 10 EMEA 4 6 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 AMER i
Slide 20: Composite Tooling, Materials and Kits for Wind Blades
Composite Tooling, Materials and Kits for Wind Blades Source: Gurit Gurit FY 2025 Presentation 02/03/2026 20
Slide 21: Longer Blades Lead Linearly to More Core Material
Longer Blades Lead Linearly to More Core Material PET USAGE PER TURBINE 200.00 180.00 160.00 Core material usage 140.00 120.00 100.00 Higher turbine ratings 80.00 translate directly into 60.00 proportionally higher 40.00 core material usage. 20.00 0.00 0 5 10 15 20 25 Rating [mw] Source: Gurit Gurit
Slide 22: Winds System's Production Network Ensures Proximity and Best-cost-positioning
Winds System’s Production Network Ensures Proximity and Best- cost-positioning STRUCTURAL MATERIALS PROFILES MATERIALS KITTING & FULFILLMENT KITTING MATERIALS & KITTING MANUFACTURING KITTING SOLUTIONS BALSA PRODUCTION MATERIALS, KITTING & MANUFACTURING SOLUTIONS 7 countries: Gurit offers an unmatche
Slide 23: Material Science & Production Expertise as Competitive Advantage
Material Science & Production Expertise as Competitive Advantage Material: vPET & rPET Extruder OptiCore + + • Capability to supply certified core • Strong leverage of scale effects across • Innovations allowing customers to materials made from recycled PET. operations reduce material usage. • Enabl
Slide 24: Positive Lightweighting Markets Outlook
Positive Lightweighting Markets Outlook Marine and Industry market environment Marine growth expected overall Increased demand for PET Strong demand of Corecell S- but slowed by tariffs and U.S. across all markets, in particular Foam for subsea and defense decline; Marine market to give related to s
Slide 25: Gurit is Well Positioned to Continue Growth in the Marine and Industrial Sector
Gurit is Well Positioned to Continue Growth in the Marine and Industrial Sector ENGINEERING CORECELL TECHNOLOGY PET COMPETENCIES Best-in-class structural Proprietary material with Material substitution engineering and kitting services unmatched mechanical potential driven by tailored for marine appl
Slide 26: Guidance
Guidance Net sales from continued operations (at constant FX) to increase at a mid-single-digit rate. Adjusted operating result margin to improve vs. 2025 • Depends on geopolitical situation and market developments (including FX fluctuations). Mid-term outlook (post 2026): • Mid-to-high-single-digit
Slide 27: Closing Message – Stronger. Focused. Ready.
Closing Message – Stronger. Focused. Ready. Transformation Leaner Improved operational complete Footprint and overhead resilience costs Strategic customer Positioned for sustainable, agreements in place profitable growth Source: Gurit Gurit FY 2025 Presentation 02/03/2026 27
Slide 28: End of Presentation
End of Presentation Thank you for joining us today! Next dates: To join the Q&A, please › April 16: AGM Annual General Meeting & use your dial-in credentials. Q1 26 net sales media release. › August 26: HY 26 report, net sales media Contact: release, Analyst & Media Conference. investor@gurit.com +4
Slide 29: Thank you for your attention
Thank you for your attention investor@gurit.com www.gurit.com Global leader in performance materials empowering our customers’ energy-efficient solutions
Slide 30: Disclaimer
Disclaimer This presentation may include forward-looking statements that reflect the intentions, beliefs or current expectations and projections of Gurit Holding AG about the future results of operations, financial condition, liquidity, performance and similar circumstances. Such statements are made