Ct Automotive Group Plc · LSE:CTA
Ct Automotive — H1 2026 Earnings Presentation
18 slides from Ct Automotive's earnings presentation, Sep 16, 2026
Slide 1: Interim Results & Full-Year Outlook
CT Automotive Group plc Interim Results & Full-Year Outlook A transition year: rebalancing 40% of the business in sixteen months — including a revised full-year outlook 16 September 2026
Slide 2: Disclaimer
Disclaimer The information contained in this document has been prepared by CT Automotive Group plc solely for information purposes and does not purport to be comprehensive or contain all the information that may be required by recipients to evaluate the Company. While prepared in good faith, neither
Slide 3: A transition year, not a normal one
TH E FR AME A transition year, not a normal one For the three years to FY25 we delivered consistent profit growth and consistent gross-margin improvement — against a slightly declining revenue line. Our investors know that story. The discipline behind it has not changed; the year has. The track reco
Slide 4: The Mexico transition, in numbers
TH E SCAL E The Mexico transition, in numbers All data relates to the Mexico facility. Between June 2025 and October 2026 we are transforming the Mexico plant from a small satellite operation into one of the group's largest sites — while the rest of the business keeps running. That is a rebuild of 4
Slide 5: Why the timeline compressed
TH E C O NT EX T Why the timeline compressed This transition was not a normal programme pipeline. The work came to us at pace, for reasons outside our control — and we accepted the challenge. Supply chain pressure Tariff-driven localisation 2–2.5 years → ~6 months Normal product development typicall
Slide 6: The first half: outturn
H1 2 0 26 · U N A UD IT E D The first half: outturn Revenue Gross profit EBITDA (adjusted) H1 profit delivered (adjusted) $61.7M $16.4M $4.4M $1.6M − $0.4M − $2.4M $1.6M H1 revenue reduced to reflect prudent approach to customer claim in Ramp up costs and inefficiencies H1 profit delivered negotiati
Slide 7: Key customer in Chapter 11
L A R GE S T S I N GL E I TE M — TH E C U S TO M E R P RI C I NG D IS P U TE Key customer in Chapter 11 The basis of recovery CO S T I NCR E A SE S Two elements, on different footings. FX realignment is contractual — the rate and a ±5% realignment $2.9M right are stated on the signed business awards
Slide 8: What hit H1 profit — and what drove it
H1 I N D E TA I L — $ 0. 4 M R E V E N UE RE M O V E D, P L U S $ 2 .4 M O F C O S T — A L L M E X I C O - RE L A TE D What hit H1 profit — and what drove it $1.1M $2.8M of H1 impact, by driver Prudent approach adopted — $0.40M (14% of impact) H1 element of the customer claim not included in H1 26 r
Slide 9: Significant cash inflow anticipated
W O RK I N G C A P IT A L Significant cash inflow anticipated $6.2M $4.5M Invoice finance withdrawn by our lender on the customer's Chapter Mexican VAT receivable 11 filing Withdrawn at short notice on the filing in September 2025 — and not available while Refunds due from Mexican VAT office on our
Slide 10: Income Statement
CT AUTOMOTIVE Income Statement H1 25 $m H1 26 Restated* ◆ Revenue increased 14% to $61.7m (H1 25: $54.1m restated), ahead Production 56.5 50.1 of expectations, driven by strong customer demand and new programme launches in Mexico. Production revenue rose 13% to Tooling 5.2 4.0 $56.5m (H1 25: $50.1m)
Slide 11: Balance sheet
CT AUTOMOTIVE Balance sheet 30 June 2025 $m 30 June 2026 31 Dec 2025 Restated* ◆ Total assets up to $93.7m (Dec 25: $78.6m), driven by receivables Non-current assets of $35.9m (Dec 25: $30.8m) on higher Mexican VAT, and Intangible assets and goodwill 1.7 1.6 1.4 inventories of $27.1m (Dec 25: $25.6m
Slide 12: H1 26 Net debt bridge: $7.7M to $12.2M
H1 2 6 NET DEBT MOVEM ENT H1 26 Net debt bridge: $7.7M to $12.2M H1 26 net debt by component: Cash: $6.4m FGI loan: $(12.6)m China trade loan: $(4.3)m +$2.4M −$3.5M China mortgage loan: $(1.4)m FY 25 net debt by component: Related-party loan: $(0.3)m Cash: $2.5m Net debt: $(12.2)m FGI loan: $(7.8)m
Slide 13: Revised full-year profit guidance
F UL L- Y EA R O U TLO O K Revised full-year profit guidance 1 The rest of the group is on plan F Y2 6 EXP EC T A TI O N Turkey and China are delivering output and margin to plan in a highly volatile environment; tooling and head-office costs are on plan. This is a Mexico ramp issue, not a $10.2M gr
Slide 14: Revised guidance: PBT ~$9.4M to $4.9M
F UL L- Y EA R O U TLO O K Revised guidance: PBT ~$9.4M to $4.9M Following the H1 outturn, and having reviewed performance during July and August, the board now expects a full -year outcome of PBT of $9.4M assuming the customer price increases flow as they have with every other customer worldwide, a
Slide 15: MetisEI: an end-to-end AI-run factory by November
C A P A BI LI TY B UI LT TH RO U G H T HE RA M P MetisEI: an end-to-end AI-run factory by November Ramping a plant of this scale in sixteen months forced us to build something bigger than a ramp tool: agentic AI control of t he whole factory: agents working 24/7, monitoring every critical aspect of
Slide 16: A transition year — light at the end of the tunnel
KE Y ME SSAG ES A transition year — light at the end of the tunnel 1 Recoverable Both the cost recoveries we are pursuing — contractual on FX, industry standard on inflation — and the VAT held up in the Mexican Tax office are expected to be recoverable 2 Non-recurring The ramp up costs are programme
Slide 17: Appendix - Mexican VAT claim explained
Appendix - Mexican VAT claim explained CT Automotive Group plc
Slide 18: Why $6.2M sits with the Mexican tax authority
M EXI C O VA T — C O N TE XT F O R U K I N VE S TO R S Why $6.2M sits with the Mexican tax authority Mexico operates one of the most demanding VAT regimes in the world for manufacturers — and it works fundamentally differently from the UK. A refund is not netted off a return; it is a cash claim that