Semperit Ag Holding · VIE:SEM
Semperit — H1 2025 Earnings Presentation
44 slides from Semperit's earnings presentation, August 2025
Slide 1: Semperit Group at a Glance & H1 2025 Results
SEMPERIT GROUP AT A GLANCE & H1 2025 RESULTS INVESTOR PRESENTATION
Slide 2: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.11) Financial Performance (p.16) ESG (p.25) Outlook (p.28) Appendix (p.31) 2 Investor Presentation I Semperit at a Glance & H1 2025 Results I Investor Relations
Slide 3: Leading industrial elastomer specialist with diversified product portfolio
Leading industrial elastomer specialist with diversified product portfolio Semperit is a global pioneer in the production of high-quality elastomer applications for industrial clients with a 200 years’ history. We are constantly expanding our global footprint – with technologically value-added innov
Slide 4: Semperit inside – where our products are part of your everyday life
Semperit inside – where our products are part of your everyday life One in three escalator handrails The seals for the more than 1,000 curved worldwide comes from Semperit glass panels of the Elbphilharmonie Concert Hall were manufactured by Semperit. Rail pads, dowels, angle guide plates, swell sho
Slide 5: Our vision and mission
OUR VISION: Addressing global challenges through value-added elastomer applications IMPORTANT MEGATRENDS Climate change | Demographics | Urbanisation | Mobility | Electrification Leading market position Technological edge Resilient business model Strong industrial platform Among the world's leading
Slide 6: Divisional set-up combines strength of core business with expertise in rubber compounds
Divisional set-up combines strength of core business with our expertise in rubber compounds and our innovative solutions Growth platform with future scale effects Cost leadership Leveraging on know-how and Process and product innovation engineered technology Mostly standardized high- Focus
Slide 7: Milestones 2022 – 2025
Milestones 2022 – 2025 Sharpened focus on core Powerful divisional structure All strategic milestones industrial elastomers with special focus on future achieved - strong platform competence through growth and operating to further strengthen the divestment of Sempermed leverage market position 2022
Slide 8: Hoses – Europe's leading and most advanced production site
Hoses – Europe’s leading and most advanced production site Growth investment to strengthen the position and competitiveness as one of the global top players in hose manufacturing Capacity expansion of 24 million meters by 2030 Total investment of EUR ~100 million – EUR ~ 50 million invested by H
Slide 9: Liquid Silicone Rubber (LSR) – Expanding technological leadership
Liquid Silicone Rubber (LSR) – Expanding technological leadership and laying the foundation for future growth Thalheim and Miami expansions enhance our competitive advantage in tooling and automation EUR ~25 million investment in plant expansion in Thalheim, Austria, completed. Further market-driv
Slide 10: New innovative products support growth pipeline
New innovative products support growth pipeline with wide range of applications Heavy duty rubber/metal parts Trackbelt for mining applications Compression molded heavy-duty rubber-metal Building on our extensive experience in mountain parts for use in vertical tower/stirred mills for fine Hybrid ha
Slide 11: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.11) Financial Performance (p.16) ESG (p.25) Outlook (p.28) Appendix (p.31) 11 Investor Presentation I Semperit at a Glance & H1 2025 Results I Investor Relations
Slide 12: Overview H1 2025
Overview H1 2025 Semperit gains momentum in Q2 2025: EBITDA significantly improved to EUR 19.6m (+76.2% qoq) Recovery in order activities continues after subdued development in January/February H1 still marked by challenging environment: EBITDA at EUR 30.7m (-35.2%), margin at 9.6% (H1’24: 13.7%) To
Slide 13: Two complementary divisions with one strong industrial base
Two complementary divisions with one strong industrial base Revenue and EBITDA breakdown mainly reflects Semperit Industrial project postponements in the SEA segment at the Semperit Engineered Applications beginning of the year and an improvement in Q2 Applications H1’25 H1’25 H1’24 H1’24 38% 42% 41
Slide 14: SIA: Margin recovery continues
SIA: Margin recovery continues – backed by cost efficiency initiatives EBITDA in EUR m EBITDA margin 17.6% 19.2% 23.0% 19.8% 19.1% 17.5% 15.2% 17.2% Semperit 10.2% Industrial 17.5 17.8 6.3% 16.4 Applications 13.6 13.0 11.0 9.7 11.3 7.4 4.2 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25
Slide 15: SEA: Q2 recovery could not fully offset Q1 performance
SEA: Q2 recovery could not fully offset Q1 performance EBITDA in EUR m 17.0% EBITDA margin 17.1% 18.3% 2.3 14.5% 12.7% 12.3% Semperit 9.2% 12.1% 10.6% Engineered 4.1 15.8 14.0 15.6 Applications 13.1 12.1 12.8 4.6% 9.0 10.7 7.5 4.0 1 1 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q1
Slide 16: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.11) Financial Performance (p.16) ESG (p.25) Outlook (p.28) Appendix (p.31) 16 Investor Presentation I Semperit at a Glance & H1 2025 Results I Investor Relations
Slide 17: Financial highlights H1 2025
Financial highlights H1 2025 Focus on Proactive working Robust balance Digital transformation 2024 dividend streamlining capital management sheet supported by through “oneERP payment of business and cost to support free cash ample cash reserves and ongoing digital EUR 10.3m on efficiency supports fl
Slide 18: Key financial results H1 2025
Key financial results H1 2025 H1 2025 H1 2024 Δ Revenues: increase in Q2 (+11.3% qoq) Revenues in EUR m 320.5 345.5 -7.2% could not fully compensate for Q1 performance EBITDA in EUR m 30.7 47.3 -35.2% EBITDA: volume decline not fully offset EBITDA margin in % 9.6 13.7 -4.1PP by cost measures and
Slide 19: Last Twelve Month (LTM) view – strict cost management to support margins
Last Twelve Month (LTM) view – strict cost management to support margins LTM Industrial Revenue (EUR m) and operating EBITDA margin (%) 734.0 739.5 717.4 705.0 695.1 681.8 681.4 660.3 671.6 668.9 676.6 652.2 651.5 596.9 556.1 497.3 518.9 487.0 17.5 16.7 17.1 16.9 16.3 16.5 14.7 14.6 14.8 14.7 14.9 1
Slide 20: EBITDA bridge H1'25 vs. H1'24
EBITDA bridge H1‘25 vs. H1‘24: Volume effects partially offset -35% in EUR m 3.0 47.3 2.2 32.9 7.7 3.1 30.7 -0.7 -1.6 -28.1 reported Price & Volume Effect Change in Cost of Personnel Consulting, reported Project costs operating EBITDA Productmix - Sales inventories materials warranties, EBITDA (oneE
Slide 21: Consistent focus on working capital levels
Consistent focus on working capital levels Components of Working Capital1 in EUR m 15.9% 18.7% 17.7% 18.0% 15.2% 15.8% 16.3% 127.7 134.8 120.9 120.2 102.7 101.6 106.2 110.8 106.6 108.4 101.5 85.7 100.2 97.8 Inventories 86.1 86.7 70.7 76.5 73.7 67.0 66.9 Trade receivables -69.2 -58.5 -58.2 -57.8 -56.
Slide 22: Free cash flow, CAPEX and net financial debt
Free cash flow, CAPEX and net financial debt Free cash flow despite operational pressure at EUR 13.9m (H1’24: EUR 23.6m) Disciplined spending: reduced maintenance and growth CAPEX, in total at EUR 18.5m (H1’24: 38.1m) Net financial debt / EBITDA at 1.7x in EUR m 13.4 10.3 -13.9 5.5 118.6 103.3
Slide 23: Robust balance sheet structure and financial profile
Robust balance sheet structure and financial profile Balance sheet structure Financial profile as of 30 June 2025 Balance sheet 30/06/2025: EUR 881m Cash and cash equivalents at EUR 112.9m (-10.4%) Balance sheet 31/12/2024: EUR 913m EUR 31m of the Schuldschein loan repaid from own funds at the e
Slide 24: Capital allocation and usage of cash
Capital allocation and usage of cash Free cash flow (EUR 13.9m) Normal Investments € Growth Investments € Shareholder Return % MAINTENANCE GROWTH CAPEX & DIGITALIZATION M&A DIVIDENDS CAPEX Strategic growth project: Commitment to maintaining expansion of the hydraulic Attractive and enhancing our hos
Slide 25: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.11) Financial Performance (p.16) ESG (p.25) Outlook (p.28) Appendix (p.31) 25 Investor Presentation I Semperit at a Glance & H1 2025 Results I Investor Relations
Slide 26: ESG targets until 2030 and performance 2024
ESG targets until 2030 and performance 2024 Energy1 Waste Emissions Competitive ESG Target 2030 2024 Target 2030 2024 Target 2030 2024 rating year: -5% reduction +3.9% energy -7% reduction -9.1% waste -10% reduction -2.1% emission by 2030 increase per good by 2030 reduction per good by 2030 scope 1
Slide 27: A glimpse of current sustainability projects
A glimpse of current sustainability projects DH5 – Focus on sustainability Semperit’s Scale up of photovoltaics and automation profiles circularity at production sites • One of the world’s largest production sites • Reclaimed waste and scrap from • PVs can cover more than 10% of own elec- for indust
Slide 28: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.11) Financial Performance (p.16) ESG (p.25) Outlook (p.28) Appendix (p.31) 28 Investor Presentation I Semperit at a Glance & H1 2025 Results I Investor Relations
Slide 29: Outlook
Outlook operating EBITDA expected at EUR 65m - 85m Recovery expected for H2, supported by improved order situation project expenses oneERP expected at Uncertainty remains high for the time being ~EUR 5m (P&L effective) Cost-cutting measures are being continued 2025 CAPEX expected at Medium-term clea
Slide 30: Five reasons to invest in Semperit
Investment Proposition Five reasons to invest in Semperit 1 Leading global market position in elastomer applications with strong industrial base 2 Relentless focus on innovation and technology 3 Resilient business model driven by operating leverage and cost leadership 4 Strong balance sheet and cash
Slide 31: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.11) Financial Performance (p.16) ESG (p.25) Outlook (p.28) Appendix (p.31) 31 Investor Presentation I Semperit at a Glance & H1 2025 Results I Investor Relations
Slide 32: Highlights 2024 – promised and (over)delivered
Highlights 2024 – promised and (over)delivered Focus on profitable growth resulted in EBITDA up by 21.1% to 90 EUR 84.9m and a higher margin of 12.5% (+2.3PP) 80 84.9 Guidance: 80 – guidance outperformed 70 60 70.1 Earnings after tax turned from a loss of EUR –17.1m in 2023 to a 50 positive EUR 11.5
Slide 33: 2024: Two complementary divisions with one strong industrial base
2024: Two complementary divisions with one strong industrial base Semperit Industrial Applications Semperit Engineered Applications 2024 2024 43% 2023 2023 49% 51% 48% 48% 52% 52% 57% Starting Q1 2024, Surgical Operations have been part of the discontinued operations and are not included in the char
Slide 34: Key financial results FY 2024
Key financial results FY 2024 FY 2024 FY 2023 Δ Revenues in EUR m 676.6 681.8 -0.8% Revenues: top-line pressure from lower volumes and weak demand largely compensated by Rico consolidation EBITDA in EUR m 84.9 70.1 +21.1% EBITDA: higher profitability driven by EBITDA margin in % 12.5 10.3 +2.3PP
Slide 35: EBITDA development 2024
EBITDA development 2024: price/volume effect offset through lower costs and Rico +21% in EUR m 7.3 84.9 1.5 86.3 12.5 70.1 12.5 43.1 Cost reduction program started 2023, targeting EUR 10m -35.7 Savings in total: EUR 18.4m Savings 2024: -24.9 EUR 12.6m reported Price & Volume Cost of Personnel Consul
Slide 36: Free cash flow, CAPEX and net financial debt in 2024
Free cash flow, CAPEX and net financial debt in 2024 Free cash flow nearly doubled to EUR 45.8m (’23: EUR 26.3m) Capex increased to EUR 64.6m (’23: 55.6m) due to further growth investment in DH5 and LSR Net financial debt / EBITDA multiple stable at 1.2x in EUR m 0.7 10.3 -45.8 29.5 115.2 -6.6
Slide 37: Appendix: Divisions & Group
Appendix: Divisions & Group in EUR m INDUSTRIAL APPLICATIONS (SIA) ENGINEERED APPLICATIONS (SEA) SEMPERIT GROUP 1 2 1 2 1 1-6 2025 1-6 20241 % 1-6 2025 1-6 20241 % 1-6 2025 1-6 2024 % Revenue 133,6 140,1 -4,7% 186,9 205,4 -9,0% 320,5 345,5 -7,2% EBITDA 24,2 30,0 -19,2% 14,7 27,7 -46,9% 30,7 47,3 -35
Slide 38: Semperit Group (continuing operations)
Semperit Group (continuing operations) in EUR m Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 2025 2025 Revenue 176.4 179.3 163.8 162.3 681.8 176.0 169.5 161.1 170.0 676.6 151.7 168.8 EBITDA 21.0 22.9 13.3 13.0 70.1 23.0 24.4 16.6 20.8 84.9 11.1 19.6 EBITDA ma
Slide 39: Semperit Industrial Applications, Engineered Applications & Corporate
Semperit Industrial Applications, Semperit Engineered Applications & Corporate in EUR m SEMPERIT INDUSTRIAL APPLICATIONS (SIA)1 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 Revenue 99,4 93,0 72,2 66,2 330,8 68,7 71,4 63,2 64,0 267,3 EBITDA 17,5 17,8 7,4 4,2 46,9 13
Slide 40: Key figures 2013-2024
Key figures 2013-2024 in EUR m KEY PERFORMANCE FIGURES 2013 2014 1 2015 1 2016 adj.2 2017 adj.3 2018 adj.4 2019 adj.5 2020 adj.6 2021 7 2022 adj.7 2023 adj.8 2024 adj.8 Revenue 906,3 858,3 914,7 852,4 874,2 875,5 840,6 927,5 601,8 779,8 681,8 676,6 EBITDA 132,5 101,9 96,2 74,7 35,8 50,3 63,8 208,6 5
Slide 41: Overview price indices LFO-F-NEW / Butadiene
Overview price indices LFO-F-NEW / Butadiene Significant increase for raw material1 used in industrial segments Price index LFO-F-NWE Price indices Butadiene as main raw material for synthetic rubber / latex 180 350 ø 2022 ø 2023 ø 2024 ø 2025 ø 2022 ø 2023 ø 2024 ø 2025 160 300 140 250 120 100 200
Slide 42: Contact and financial calendar
Contact and financial calendar Investor Relations Semperit Financial Calendar 2025 / 2026 Judit Helenyi, 12.11.2025 Report on 1-9 2025 Director Investor Relations 18.03.2026 Publication of 2025 annual financial statements 27.04.2026 Annual General Meeting, Vienna judit.helenyi@semperitgroup.com 13.0
Slide 43: Notes
Notes 43 Investor Presentation I Semperit at a Glance & H1 2025 Results I Investor Relations
Slide 44: Semperit – Experience for tomorrow
206 SEMPERIT © EXPERIENCE FOR TOMORROW