Interpump Group S.p.a. · MIL:IP
Interpump — Q1 2025 Earnings Presentation
26 slides from Interpump's earnings presentation, May 15, 2025
Slide 1: Interpump Group 1Q2025 Financial Results
INTERPUMP GROUP 1Q2025 Financial Results - 15th May 2025
Slide 2: Index
INDEX ▪• KEY KEY HIGHLIGHTS HIGHLIGHTS ▪ 1Q2025 FINANCIAL RESULTS • 4Q-2023 PRELIMINARY FINANCIAL RESULTS ▪ GROUP SUSTAINABILITY PATH • GROUP SUSTAINABILITY PATH ▪ OUTLOOK • OUTLOOK ▪ ANNEX • ANNEX 1
Slide 3: 1Q2025 Group – Results consistent with expectations
1Q2025 GROUP – RESULTS CONSISTENT WITH EXPECTATIONS ▪ Results consistent with 2025 expectations 2024 and 2025 SALES & EBITDA EVOLUTION (1) % change compared to previous reporting period ‒ Sales: -8.1% 1Q2024 1Q2025 • Evolution consistent with Group assumptions 0% • Stagnation in Hydraulic stronger t
Slide 4: 1Q2025 Financial Results
1Q2025 ▪ KEY HIGHLIGHTS ▪ 1Q2025 FINANCIAL RESULTS 3
Slide 5: 1Q2025 Group – Results consistent with expectations
1Q2025 GROUP – RESULTS CONSISTENT WITH EXPECTATIONS ▪ 1Q2025 – Sales: Hydraulic stagnation stronger than Water Jetting growth – Profitability: diversification and flexibility drove to negative flow through minimisation and no dilution coming from acquisitions – NFP: profitability decrease impact mit
Slide 6: Divisions – Results consistent with division features
1Q2025 DIVISIONS – RESULTS CONSISTENT WITH DIVISION FEATURES ▪ Hydraulics – Sales: stagnation at the bottom of 2H2024 – EBITDA: effective margin protection despite 6 consecutive Quarters of negative sales ▪ Water-Jetting – Sales: “process pump” best performer among most important categories – EBITDA
Slide 7: Sales – Stagnation stronger than growth
1Q2025 SALES – STAGNATION STRONGER THAN GROWTH ▪ 1Q2025: stagnation stronger than growth 1Q2025 GROUP SALES EVOLUTION – Hydraulics: stagnation spread to almost all market applications 700 -4.5% – Water Jetting: organic growth better than acquisitions 650 600 € 545m -8.1% 550 +3.1% +0.6% € 522m 500 4
Slide 8: NFP – TWC & CAPEX normalisation mitigated profitability impact
1Q2025 NFP – TWC & CAPEX NORMALISATION MITIGATED PROFITABILITY IMPACT ▪ NFP of € 383m compared to € 409m as of December 2024(1) NFP EVOLUTION (1) 500 (€ m) ▪ FCF: € 29m, profitability decrease impact mitigated 480 460 by ongoing TWC (2) and CAPEX normalisation 440 € 409m € 30m – TWC: absorption redu
Slide 9: NFP – CAPEX – Last important project
1Q2025 NFP – CAPEX – LAST IMPORTANT PROJECT ▪ New Interpump Hydraulics headquarter – 62,000sq. metres, of which almost 24,000sq. covered, a total area increase of around 30% – Best environmental standards ▪ Relocation started at 2024 end, transfer should be completed before autumn – New machine deli
Slide 10: Group Sustainability Path
1Q2025 ▪ KEY HIGHLIGHTS ▪ 1Q2025 FINANCIAL RESULTS ▪ GROUP SUSTAINABILITY PATH 9
Slide 11: 2025 Actions
1Q2025 2025 ACTIONS 2023-2025 ESG JOURNEY 2025 ACTIONS UPDATINGS E.2 (1) Carbon intensity reduction E.3 (1) Increase of renewable energy consumption E.5 Circular economy – Phase 2 E.6 Water monitoring system S.3 Increase of non-compulsory training Approved by the Board of Directors S.4 Global mobili
Slide 12: Outlook
1Q2025 ▪ KEY HIGHLIGHTS ▪ 1Q2025 FINANCIAL RESULTS ▪ GROUP SUSTAINABILITY PATH ▪ OUTLOOK 11
Slide 13: Sales guidance confirmed
1Q2025 SALES GUIDANCE CONFIRMED ▪ April evolution(1) in line with Group expectations – Until now no evidence of both “Germany’s Infrastructure Fund” and “tariffs tensions” impacts ▪ Local and/or regional production – for most or even all production phases – has always been one of the most important
Slide 14: Annex
1Q2025 ▪• KEY HIGHLIGHTS DISCLAIMER • 4Q-2023 DETAILS ▪ 1Q2025 FINANCIAL RESULTS • 2023 ESG ACTIONS ▪ GROUP SUSTAINABILITY PATH ▪ OUTLOOK ▪ ANNEX 13
Slide 15: Disclaimer
ANNEX ▪ DISCLAIMER 14
Slide 16: Disclaimer − Performance indicators
ANNEX DISCLAIMER − PERFORMANCE INDICATORS The Group uses several alternative measures that are not identified as accounting parameters in the framework of the IFRS standards in order to allow the trend of economic operations and the Group's financial position to be better evaluated. Such indicators
Slide 17: Disclaimer – Forward looking statements
ANNEX DISCLAIMER – FORWARD LOOKING STATEMENTS This document has been prepared by Interpump Group S.p.A for not constitute an offer to sell or a solicitation to buy or subscribe to use during meetings with investors and financial analysts and is Company shares. Neither this document nor a portion the
Slide 18: 1Q2025 Details
ANNEX ▪ DISCLAIMER ▪ 1Q2025 DETAILS 17
Slide 19: Sales details – Organic evolution – Group
ANNEX SALES DETAILS – ORGANIC EVOLUTION – GROUP GROUP 2020-2025 ORGANIC GROWTH EVOLUTION by QUARTER 2020: -12.6% - 2021: +20.1% - 2022: +13.7% - 2023: +6.9% - 2024: -9.0% - 2025YTD: -8.1% 50% 40% 39.4% 30% 17.9% 18.7% 20% 15.7% 14.2% 10% 11.6% 14% 9.1% 12.6% 12.5% 4% 0% -7.8% -3.4% -10% -1.7% -11.2%
Slide 20: Sales details – Organic evolution – Divisions
ANNEX SALES DETAILS – ORGANIC EVOLUTION – DIVISIONS HYDRAULICS 2020-2025 ORGANIC GROWTH EVOLUTION by QUARTER 2020: -13.6% - 2021: +22.8% - 2022: +15.9% - 2023: +5.9% - 2024: -14.0% - 2025YTD: -14.5% 60% 50% 47.2% 40% 30% 16.2% 17.8% 19.5% 20% 20.9% 16.2% 13.4% 15.6% 10% 11.1% 8.6% 4.2% 0% 2.3% -6.0%
Slide 21: 2024 Details
ANNEX ▪ DISCLAIMER ▪ 1Q2025 DETAILS ▪ 2024 DETAILS 20
Slide 22: Sales details – Sales breakdown – Group
ANNEX SALES DETAILS – SALES BREAKDOWN (1) – GROUP GROUP 2024 sales: € 2.078m OTHERS: 1% EARTH MOVING MACHINE: 6% GENERIC DEALERS: 16% PACIFIC AREA: 13% CONSTRUCTION: 8% REST of THE WORLD: 9% CLEANING: 5% AGRICOLTURE: 8% GENERIC CONTRACTORS: 4% EUROPE: 50% OTHER INDUSTRIAL LIFT: 6% SECTOR: 8% STEEL A
Slide 23: Sales details – Sales breakdown – Hydraulic
ANNEX SALES DETAILS – SALES BREAKDOWN (1) – HYDRAULIC HYDRAULICS 2024 sales: € 1.407m OTHERS: 1% PACIFIC AREA: 10% EARTH MOVING MACHINE: 10% GENERIC DEALERS: 17% REST of THE WORLD: 10% CONSTRUCTION: 8% OTHER INDUSTRIAL SECTOR: 9% AGRICOLTURE: 12% F&B: 1% ENERGY&UTILITIES: 1% MINING: 1% SHIPYARD-MARI
Slide 24: Sales details – Sales breakdown – Water Jetting
ANNEX SALES DETAILS – SALES BREAKDOWN (1) – WATER JETTING WATER JETTING 2024 sales: € 671m OTHERS: 1% PACIFIC AREA: 17% CONSTRUCTION: 7% GENERIC DEALERS: 13% ADAPTORS INDUSTRIAL VEHICLES: 4% AUTOMOTIVE: 4% REST of THE WORLD: 10% SHIPYARD-MARINE: 5% CLEANING: 14% OIL&GAS: 5% RAILWAY: 0% ENERGY&UTILIT
Slide 25: Acquisition details
ANNEX ACQUISITION DETAILS 2024 INTERPUMP GROUP ACQUISITIONS FINANCIAL DATA (1) IMPLIED First consolidation ACQUIRED COMPANIES EBITDA Additional Total EV/EBITDA Group division Sales Margin Information consideration PP CHINA April 2024 9 April YRP FLOW TECNOLOGY € 10m 10% - € 2.9m 2.9x Water Jetting d
Slide 26: Mauro Barani
The Manager in charge of preparing the company’s financial reports declares - pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance - that the accounting information contained in this presentation corresponds to the document results, books and accounting records. S.Ilario d’E