Slide 1: Interim Results Presentation
INTERIM RESULTS PRESENTATION FORTERRA PLC 28 JULY 2026
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by Forterra plc (the “Company”) solely for use at a presentation on 28 Statements in the Presentation, including those regarding the future financial condition, results of July 2026 in connection with the Company’s Results Announcement in respect of the fin
Slide 3: Agenda
AGENDA 03 Headlines 04 Financial Review 12 Strategy and Markets Ben Guyatt 20 Outlook Neil Ash Chief Financial Chief Executive Officer Officer FORTERRA PLC 2026 INTERIM RESULTS PRESENTATION 02
Slide 4: A Resilient Performance in Challenging Market Conditions
Headlines A RESILIENT PERFORMANCE IN CHALLENGING MARKET CONDITIONS HEADLINES • Challenging market backdrop with key demand indicators negative year-on-year • Brick our most resilient product, outperforming the wider market • Decisive management actions taken ensuring production remains aligned to cu
Slide 5: Financial Review
FINANCIAL REVIEW FORTERRA PLC 2026 INTERIM RESULTS PRESENTATION 04
Slide 6: Key Financials
Financial Review KEY FINANCIALS LFL REVENUE EBITDA / MARGIN (%) PROFIT BEFORE TAX (PBT) £168.8m £27.0m / 16.0 % £14.5m 2025: £186.1m Change: -9.3% 2025: £29.9m / 15.3% Change: -9.7% / 2025: £16.6m Change: -12.7% +70 bps EARNINGS PER SHARE (EPS) NET DEBT INTERIM DIVIDEND 5.1p £74.5m 1.7p 2025: 5.8p C
Slide 7: Segmental Results: Bricks and Blocks
Financial Review SEGMENTAL RESULTS: BRICKS AND BLOCKS • LFL revenue decreased 8.2% driven by weaker market Six months ended 30 June* conditions £m 2026 2025 Change • We continue to benefit from our capacity bias towards extruded brick Revenue 139.0 154.2 (9.9)% • Domestic brick despatches fell by 8%
Slide 8: Segmental Results: Bespoke Products
Financial Review SEGMENTAL RESULTS: BESPOKE PRODUCTS • Segment now solely comprises our Bison precast Six months ended 30 June* concrete flooring business £m 2026 2025 Change • LFL revenue, stripping out the impact of the closed Bison Bespoke Precast business, Revenue 30.8 42.2 (27.0)% decreased by
Slide 9: Working Capital and Inventory
Financial Review WORKING CAPITAL AND INVENTORY TRADE PAYABLES ACCRUALS AND OTHER PAYABLES TRADE AND OTHER RECEIVABLES INVENTORIES • Working capital increased by £20m vs. Dec 2025 and £11m vs. June 2025 140 • Working capital is historically seasonal with June 120 balance expected to be higher than De
Slide 10: Cash Flow
Financial Review CASH FLOW NET DEBT 0 (25) 8.5 £m (50) (55.7) (3.1) (1.6) (4.1) (8.5) (74.5) (75) (4.5) (5.5) Opening net debt* Adjusted operating cash Interest paid Tax paid Capital expenditure Share buyback IFRS amendments Other Closing net debt* flow Note: *Before leases • Seasonal increase in wo
Slide 11: Balance Sheet Position and Facilities
Financial Review BALANCE SHEET POSITION AND FACILITIES • Net debt before leases of £74.5m At 30 At 31 June December • Leverage of just under 1.5 times on a banking covenant £m 2026 2025 Change basis Cash and cash equivalents 6.6 6.1 0.5 • £170m committed RCF facility successfully extended in Loans a
Slide 12: 2026 Technical Guidance
Financial Review 2026 TECHNICAL GUIDANCE • 2026 YTE gas requirement >80% fixed at pre-conflict pricing Income statement • Good coverage beyond this with c.80% secured in 2027 Depreciation c.£21m reducing through to 2030 Net interest expense c.£6m • Electricity c.85% covered by solar PPA extending to
Slide 13: Strategy and Markets
STRATEGY AND MARKETS FORTERRA PLC 2026 INTERIM RESULTS PRESENTATION 12 12
Slide 14: Our Strategy
Strategy And Markets OUR STRATEGY OUR STRATEGY IS BUILT ON TWO KEY PILLARS: THE MARKETS WE SERVE*: STRENGTHEN Investing in our plants and driving continuous improvement THE CORE across our operational and commercial processes • Making our operations more efficient through sustainable operational exc
Slide 15: Cross Product Synergies
Strategy And Markets CROSS PRODUCT SYNERGIES CREATING VALUE THROUGH: BRICKS Extruded / Soft mud / London Brick FACADE SYSTEMS • Customer synergies Omnia • Distribution synergies – dedicated own fleet of distribution vehicles • Manufacturing / procurement synergies – purchasing power PRECAST and econ
Slide 16: Market Update
Strategy And Markets MARKET UPDATE Net mortgage approvals Average mortgage rate (2-year fix, 75% LTV) 75 7.5 50 5 000s % 25 2.5 0 0 Sep-25 Nov-24 Jul-25 Jan-23 May-25 Jan-25 Mar-25 Mar-23 Jan-25 Mar-25 Nov-24 May-23 Sep-24 May-25 Jul-24 Jul-23 May-24 Mar-24 Sep-23 Jul-25 Jan-24 Sep-25 Nov-23 Nov-23
Slide 17: Brick Market
Strategy And Markets BRICK MARKET DOMESTIC BRICK DELIVERIES (YTD MAY) EVOLVING DOMESTIC BRICK CAPACITY Decreased 8% (vs. 2025) Significant capacity deficit at 2022 demand levels 1 -8% Bricks (bn) 3.0 0.5 Bricks (bn) 0 2.5 2.6 2022 2023 2024 2025 2026 BRICK DELIVERIES IMPORTS AS % OF MARKET 2.0 2.1 2
Slide 18: Omnia Brick Slips: Full Range of Extruded Slips
Strategy And Markets OMNIA BRICK SLIPS: FULL RANGE OF EXTRUDED SLIPS WITH FURTHER INVESTMENT IN CUTTING FACILITY GOOD PROGRESS IN DELIVERY OF SLIPS STRATEGY • Extruded slips manufactured at our new £12m facility in Accrington with capacity to produce c.50m extruded slips per annum • With our Omnia s
Slide 19: Strategic Options Under Evaluation
Strategy And Markets STRATEGIC OPTIONS UNDER EVALUATION AIRCRETE • Potential capital investment in our aircrete business, ensuring we retain both our market position and competitiveness • Intention to mitigate any capital outlay by maximising the value we derive from existing property assets • Final
Slide 20: Sustainability
Strategy And Markets SUSTAINABILITY Decarbonising Whilst Focusing On The Needs Of Our Customers Today & Near-term Future Optionality Decarbonising through innovation Preparing for the future 65mm bricks and brick Reduced material usage Hydrogen readiness Carbon capture slips optionality Less materia
Slide 21: Outlook
OUTLOOK FORTERRA PLC 2026 INTERIM RESULTS PRESENTATION 20
Slide 22: The Board Expects Full Year Result in Line with Consensus
Outlook THE BOARD EXPECTS THE GROUP TO DELIVER A FULL YEAR RESULT IN LINE WITH CONSENSUS • We anticipate demand in H2 will be similar to that seen in H1, supporting the Board's expectations that the Group will deliver a full year result in line with consensus* • Given the current domestic and global
Slide 23: Investment Case
Investment Case INVESTMENT CASE • Complementary product range • Market demand driven by • £140m programme of • Inherently sustainable and • Strong cash generation with strong cross product structural, through-cycle investment virtually complete, durable products creates capital allocation synergy ne
Slide 24: Appendices
APPENDICES FORTERRA PLC 2026 INTERIM RESULTS PRESENTATION 23 23
Slide 25: Profit and Loss
Appendices: PROFIT AND LOSS Period ended 30 June* £m 2026 2025 Change Revenue 168.8 195.1 (13.5)% EBITDA – Bricks and Blocks 25.7 27.5 (6.5)% – Bespoke Products 1.3 2.4 (45.8)% Total 27.0 29.9 (9.7)% EBITDA margin 16.0 % 15.3 % 70 bps Depreciation and amortisation (10.1) (9.9) 2.0 % Operating profit
Slide 26: Adjustments to Statutory Results
Appendices: ADJUSTMENTS TO STATUTORY RESULTS • Following the actions taken during the period Period ended 30 June to reduce output and right-size the Group’s £m 2026 2025 cost base, exceptional items recognised in the six months ended 30 June 2026 Statutory EBITDA 24.0 21.7 amounted to a net cost of
Slide 27: Balance Sheet
Appendices: BALANCE SHEET At June At December £m 2026 2025 Change Intangible assets 7.4 7.7 (0.3) Property, plant and equipment 260.6 262.8 (2.2) Right-of-use assets 15.9 18.8 (2.9) Total non-current assets 283.9 289.3 (5.4) Intangible assets 2.6 3.8 (1.2) Inventories 82.3 78.6 3.7 Trade and other r
Slide 28: Forterra plc contact details
Forterra plc 5 Grange Park Court, Roman Way, Northampton NN4 5EA Tel: 01604 707600