Sulzer Ag · SIX:SUN
Sulzer — H1 2025 Earnings Presentation
22 slides from Sulzer's earnings presentation, Jul 24, 2025
Slide 1: Midyear results 2025
Midyear results 2025 Dr. Suzanne Thoma | Executive Chairwoman Thomas Zickler | CFO Midyear results 2025 presentation, 24.7.2025
Slide 2: Highlights H1 2025
Highlights H1 2025 Strong sales increase reflects good backlog execution Profitability improved for the third consecutive year Good order intake except for Chemtech EBITDA for Flow and Services with double-digit growth Strong ROCE development Growing order backlog Midyear results 2025 pr
Slide 3: Financials H1 2025
Financials H1 2025 Thomas Zickler | CFO Midyear results 2025 presentation, 24.7.2025 3
Slide 4: Strong Sales growth
Strong Sales growth Order intake in CHFm Sales in CHFm Order intake Good order intake for Flow and Services in spite of -2.4% +8.9% +6.3% +10.5% uncertainties in the market. Chemtech more impacted 2’079 by geopolitical situation 1’961 1’744 Order intake margin plus 210 bps 1’699 Sales Double-digit g
Slide 5: Continuous strong improvement in Profitability and ROCE
Continuous strong improvement in Profitability and ROCE EBITDA in CHFm ROCE in % EBITDA margin increase of 90 bps Mainly driven by Sulzer excellence and increased sales 14.4% 13.5% 20.0% 17.3% and in spite of currency effects 251 ROCE increase of 270 bps EBIT increase while capital employed remained
Slide 6: Strong Sales growth and Profitability improvement: Flow
Strong Sales growth and Profitability improvement Order intake Sales EBITDA in CHFm in CHFm in CHFm -3.1% +6.3% +10.3% +11.2% Flow 848 1’389 793 757 Order intake EBITDA margin Solid performance in Water and Industrial business, 712 Energy and Infrastructure business impacted by one +50 bps exception
Slide 7: Double-digit growth in Sales and Orders for the 3rd consecutive year: Services
Double-digit growth in Sales and Orders for the 3rd consecutive year Services Order intake Sales EBITDA in CHFm in CHFm in CHFm +12.0% +12.6% +14.8% +12.0% Services 757 EBITDA margin 657 Orders 701 +30 bps Strong growth in Americas and Europe, Middle East 593 and Africa in demand for higher energy s
Slide 8: Results impacted by delays in customer investment activities: Chemtech
Results impacted by delays in customer investment activities Chemtech Order intake Sales EBITDA margin in CHFm in CHFm in CHFm -20.3% +8.3% -13.6% +7.2% Chemtech 529 Orders 411 395 EBITDA margin Overcapacity of refineries in Asia and postponements of -290 bps larger projects globally; promising pipe
Slide 9: Solid Free Cash Flow despite increased NWC
Solid Free Cash Flow despite increased NWC Free Cash Flow in CHFm Net Working Capital in CHFm FCF decrease due to the execution of large projects, customer project delays and negative FX impact NWC slight increase to 22.0% as percentage of sales 787 (H1 2024: 21.9%) 55 740 Absolute NWC increased due
Slide 10: Sulzer Strategy & Outlook
Sulzer Click 2028 to add – title Strategy & Outlook Dr. Suzanne Thoma | Executive Chairwoman Midyear results 2025 presentation, 24.7.2025
Slide 11: Trends
Trends Drivers shaping industrial activity Tariff situation and adjustments in value chains reduce appetite for short term decision making Investment need for energy infrastructure, natural resources and process industries Push for energy efficiency, emission reduction, decarbonization and hig
Slide 12: Sulzer serves structurally growing markets
Sulzer serves structurally growing markets Global capex development 2010-2035 (real values, in USD trillion) 40 2025 30 Energy, power 20 Other industries Metals, mining 10 Chemicals, pharma Water, wastewater 0 2010 2020 2030 2035 Note: CAPEX development shown at constant prices (real values) Midyear
Slide 13: Driving innovation for essential industries
Driving innovation for essential industries Flow Services Chemtech Recover lost energy with Reduce energy consumption of Decarbonize material supply Sulzer’s HPRT critical infrastructure chains with biopolymers Midyear results 2025 presentation, 24.7.2025 13
Slide 14: Supporting water treatment: Keeping the Venice lagoon clean
Supporting water treatment: Keeping the Venice lagoon clean Increase capacity for stormwater treatment Photo: RilindH / Getty Images Midyear results 2025 presentation, 24.7.2025 14
Slide 15: Keeping critical infrastructure running: grid stability in South Africa
Keeping critical infrastructure running: grid stability in South Africa Eskom’s Gourikwa power station Midyear results 2025 presentation, 24.7.2025 15
Slide 16: Engineering the future: Net Zero Teesside Power UK
Engineering the future: Net Zero Teesside Power UK Mega-scale carbon capture with innovative Sulzer packing (up to 2 mio. tonnes of CO2 per year) Midyear results 2025 presentation, 24.7.2025 16
Slide 17: For a cleaner aviation industry: sustainable aviation fuel plant pilot
For a cleaner aviation industry: sustainable aviation fuel plant pilot Delivering BioFlux Technology for Malaysia’s first SAF pilot plant Midyear results 2025 presentation, 24.7.2025 17
Slide 18: On track for ambition 2028
On track for ambition 2028 Strong aftermarket – representing 50% of Sulzer’s business Good order intake in projects except for Chemtech Market uncertainties persist Pipeline of new projects growing in all three divisions Sulzer Excellence along the value stream picking up speed We serve es
Slide 19: Confirmed guidance
Confirmed guidance 2025 Outlook Order Intake Sales EBITDA Margin up 2–5% up 5–8% above 15% These forward-looking statements are subject to change based on known or unknown risks and various other factors, which could cause the actual results or performance to differ materially from the statements ma
Slide 20: Q&A session
Q&A session Click to add title Midyear results 2025 presentation, 24.7.2025
Slide 21: Thank you for your attention
Thank Click to you for your attention add title Midyear results 2025 presentation, 24.7.2025
Slide 22: Disclaimer
Disclaimer This presentation may contain forward-looking statements, including but not limited to, projections of financial developments, market activities or future performance of products and solutions, containing risks and uncertainties. These forward-looking statements are subject to change base