Techtronic Industries Co., Ltd. · HKEX:669
Techtronic Industries — FY2025 Earnings Presentation
38 slides from Techtronic Industries's earnings presentation, Mar 4, 2026
Slide 1: Disclaimer
DISCLAIMER This document (“document”) has been prepared by Techtronic Industries Company Limited (the “Company” or “TTI”, and together with its subsidiaries, the “Group”) solely for use at the presentation held in connection with the announcement of the Company’s financial results (the “Presentation
Slide 2: 2025 Analyst Presentation
2025 ANALYST PRESENTATION March 4, 2026
Slide 3: Horst Pudwill, Executive Chairman
HORST PUDWILL Executive Chairman
Slide 4: Stephan Pudwill, Executive Vice Chairman
STEPHAN PUDWILL Executive Vice Chairman
Slide 5: Frank Chan, Chief Financial Officer
FRANK CHAN Chief Financial Officer
Slide 6: 2025 Results
2025 RESULTS 2024 20252024 CHANGE SALES $14,622 $15,260 +4.4% % LC GROWTH 6.8% 4.1% 2025 FY DIVIDEND 40.3% 41.2% +91 bps GROSS PROFIT % 31.7% 32.5% +80 bps 257¢ HKD SGA % EBIT $1,270 $1,336 +5.2% % OF SALES 8.7% 8.8% PAYOUT RATIO $1,122 $1,198 +6.8% NET PROFIT % OF SALES 7.7% 7.9% 50.5% EPS (US CENT
Slide 7: 2025 Income Statement
2025 INCOME STATEMENT 2024 2025 CHANGE SALES $14,622 $15,260 +4.4% GROSS PROFIT $5,896 $6,292 +6.7% ADMIN % OF SALES 40.3% 41.2% -42bps vs 2024 SELLING, DISTRIBUTION, & ADVERTISING $2,504 $2,719 +8.6% -20bps CORPORATE COST OUT ADMINISTRATIVE EXPENSES $1,490 $1,491 +0.1% -22bps LEVERAGE RESEARCH & DE
Slide 8: 2025 Financial Position
2025 FINANCIAL POSITION 2024 2025 CHANGE NON-CURRENT ASSETS $5,191 $5,009 -3.5% CURRENT ASSETS $7,699 $8,420 +9.4% CURRENT LIABILITIES $4,919 $5,034 +2.3% NET CURRENT ASSETS $2,780 $3,386 +21.8% LONG-TERM LIABILITIES $1,607 $1,437 -10.6% EQUITY $6,364 $6,958 +9.3%
Slide 9: 2025 Financial Figures
2025 FINANCIAL FIGURES 2024 2025 CHANGE INVENTORY $4,076 $4,452 DAYS 102 106 +4 DAYS RECEIVABLES $1,884 $1,936 DAYS 47 46 -1 DAY PAYABLES $3,849 $4,019 DAYS 96 96 FLAT NET WORKING CAPITAL $2,111 $2,369 % OF SALES 14.4% 15.5% CAPEX $292 $289 -0.9% % OF SALES 2.0% 1.9%
Slide 10: Free Cash Flow
FREE CASH FLOW $1,591M $1,395M $1,281M 2025 Net Cash $544M $330M +$700m 2020 2021 2022 2023 2024 2025 CONVERSION: 68% -105% 31% 131% 142% 116% -$1,156M
Slide 11: 2025 Year End Debt Profile
2025 YEAR END DEBT PROFILE 2024 2024 2025 CHANGE CHANGE CASH BALANCE INVENTORY $1,232 $4,076 $1,678 $4,452 +36.2% DAYS 102 106 +4 DAYS DEBTS WITH FIXED MATURITIES ($1,039) ($899) -13.5% RECEIVABLES WORKING CAPITAL FINANCING $1,884 ($238) $1,936 ($78) -67.2% DAYS 47 46 -1 DAY TOTAL DEBTS ($1,277) ($9
Slide 12: Capital Allocation Strategy
CAPITAL ALLOCATION STRATEGY Invest internally in our core businesses to drive sustainable growth and continued profit margin expansion Evaluate strategic acquisitions that will create growth opportunities and synergies with our existing core businesses to unlock organizational value Increase shareho
Slide 13: Intended Stock Buyback Plan and Annual Dividend
Intended Stock Buyback Plan $500M OVER 18 MONTHS Annual Dividend (HK Cents) 257 cents 226 cents 185 cents 185 cents 193 cents 135 cents 103 cents 2019 2020 2021 2022 2023 2024 2025
Slide 14: Steve Richman, Chief Executive Officer
STEVE RICHMAN Chief Executive Officer
Slide 15: One Team, Great Leaders
BOOKENDS OF SUCCESS ONE TEAM GREAT LEADERS
Slide 16: Record Results, Stronger Future
2025 RECORD RESULTS STRONGER FUTURE GROWTH PROFITABILITY EXECUTION EXIT EMEA REDUCED EXPAND TARIFF EXPOSURE GLOBAL FLOORCARE ONE-TIME REORGANIZATION LATAM & ASIA SALES INVEST SUSPENSION GLOBAL LEVERAGE AMERICAS N.AMERICA & ANZ & ALIGNMENT ERP DOMINATE CONVERSION
Slide 17: Financial Focus Areas
FINANCIAL FOCUS AREAS #1 #2 #3 SALES EBIT FREE CASH GROWTH ACCRETION FLOW INTERNAL TARGET: INTERNAL TARGET: INTERNAL TARGET: +MSD TO +HSD DRIVING TO 10% DELIVER OVER GROWTH OF SALES IN 2027 US$1B
Slide 18: 2025 Sales by Brand
2025 SALES BY BRAND Milwaukee & Ryobi account for 91% of total sales 21% $3.2B | +5.4% 70% $15.3B $10.7B | +7.9% +4.1% All Other 9% $1.3B | -20.4%
Slide 19: $160B+ Global Opportunity
$160B+ GLOBAL OPPORTUNITY OUR CORE TRADES MECHANICAL ELECTRICAL PLUMBING REMODELING UTILITY TRANSPORTATION GENERAL LANDSCAPING ENERGY MINING MAINTENANCE CONTRACTING & TREE CARE
Slide 20: $80B+ Global Opportunity
$80B+ GLOBAL OPPORTUNITY TRANSPORTATION LIFESTYLE & LIGHT DIY HEAVY DIY LAWN & GARDEN CLEANING MAINTENANCE RECREATION DO IT YOURSELF USER STRATEGY
Slide 21: Disruptive Innovation
® miu RYOBI DISRUPTIVE INNOVATION
Slide 22: Ty Staviski, Group Deputy Chief Financial Officer
TY STAVISKI Group Deputy Chief Financial Officer
Slide 23: Sales Growth Walk
SALES GROWTH WALK Adjusted Sales Growth of +5.7% in Local Currency +5.4% -16.8% +10.3% FC & Other -40.3% +5.7% -1.6pts +4.1% Underlying One Time Impact Adjusted 2025 Reported 2025 2024
Slide 24: Underlying Sales Growth
UNDERLYING SALES GROWTH LC Growth of +10.3% after adjusting for one time sales suspension & pricing +10% +8% Adjustment Walk +12% +4.2pts -1.8pts +11% +22% Pricing +10.3% +38% +7.9% Sales Suspension +26% +22% Reported LC Sales Underlying Sales 2019 2020 2021 2022 2023 2024 2025 2025 Reported Underly
Slide 25: Sales Growth
SALES GROWTH Outstanding 2025 Growth of +5.4% in local currency, with challenging Outdoor Weather Season +32% +5% POWER TOOLS -17% +6% +HSD GROWTH +41% -6% OUTDOOR +LSD GROWTH 2019 2020 2021 2022 2023 2024 2025
Slide 26: Other Business Rationalization
OTHER BUSINESS RATIONALIZATION Took action to position TTI for future profitability improvement OEM, FC & All Other Consumer $15.3B $156M Brands -40.3% -16.8% +4.1% All Other 9% $1.3B | -20.4% EXITED Local Currency Growth Rates
Slide 27: 2025 Adjusted Sales Phasing
2025 ADJUSTED SALES PHASING Adjusted sales growth well balanced across halves in Local Currency H1 2025 Adjusted LC Growth: +5.6% H2 2025 Adjusted LC Growth: +5.7% +11.5% +7.5% All Other +5.7% +9.0% All Other +5.6% +1.9pts Underlying -1.9pts -3.2pts ERP Conversion ERP +0.6% Underlying Timing Convers
Slide 28: Gross Margin Walk
GROSS MARGIN WALK Gross Margin Accretion led by outperformance in EMEA & APAC Regions and outgrowth of higher margin businesses +57bps -21bps +91bps EMEA and APAC +55bps Tariff Impact & Mitigation 41.2% Growth of higher margin business 40.3% 2024 2025
Slide 29: EBIT Margin Walk
EBIT MARGIN WALK Normalized EBIT Accretion of +57bps to 9.3% of sales +19bps +57bps -50bps +18bps 9.3% Leverage & +20bps EMEA & Profitability +7bps Focus APAC One Time Corporate Exit Costs 8.8% 8.7% Admin Cost Out 2024 2025 2025 Reported Normalized Reported
Slide 30: Delivering Value for Investors
DELIVERING VALUE FOR INVESTORS We anticipate the ability to further increase returns to shareholders in the years to come Strong Free Cash Flow Driving Shareholder Returns +$1B over past 3 years Intended Stock Buyback Plan $1,281M $1,591M $1,395M $500M OVER 18 MONTHS $544M Annual Dividend (HK Cents)
Slide 31: Shane Moll, Group President Milwaukee Tool
SHANE MOLL Group President Milwaukee Tool
Slide 32: Disruptive Innovation
DISRUPTIVE INNOVATION
Slide 33: $160B+ Global Opportunity
$160B+ GLOBAL OPPORTUNITY OUR CORE TRADES MECHANICAL ELECTRICAL PLUMBING REMODELING UTILITY TRANSPORTATION GENERAL LANDSCAPING ENERGY MINING MAINTENANCE CONTRACTING & TREE CARE
Slide 34: Distinct Businesses
DISTINCT BUSINESSES $160B+ GLOBAL OPPORTUNITY CORE POWER TOOLS MECHANICAL, PERSONAL PROTECTIVE EQUIPMENT EQUIPMENT PLUMBING & ELECTRICAL BATTERIES, CHARGERS & POWER SUPPLIES LIGHTING SYSTEM ENHANCEMENT ABRASIVES OUTDOOR ACCESSORIES CORE HAND TOOLS OUTDOOR POWER HANDHELD CORE POWER TOOL ACCESSORIES O
Slide 35: Demand by End-Market
DEMAND BY END-MARKET HIGH-GROWTH ENTRENCHMENT Home Other Non-Residential Remodeling Construction COMMERCIAL TRANSPORTATION RESIDENTIAL SERVICES MAINTENANCE & MINING SERVICES New Home Construction 8% 8% 47% SERVICE & 5% MAINTENANCE DATA CRITICAL HIGH-TECH CENTERS INFRASTRUCTURE MANUFACTURING 32% TECH
Slide 36: Expanding Growth & Profitability, World Leader in Innovation
EXPANDING GROWTH & PROFITABILITY WORLD LEADER IN INNOVATION DISRUPTIVE SOLUTIONS BREAKTHROUGH TECHNOLOGIES SOFTWARE, AI & CONNECTIVITY
Slide 37: Thank You
TTI THANK YoU
Slide 38: Slide 38
Techtronic Industries Company — FY2025 Earnings Presentation on 6ix