Fluidra, S.a. · BME:FDR
Fluidra — Q3 2026 Earnings Presentation
28 slides from Fluidra's earnings presentation, Oct 29, 2026
Slide 1: Q3 2026 Results
29th of OCTOBER 2026 Q3 2026 RESULTS
Slide 2: Disclaimer
DISCLAIMER This document is for information purposes only and does not constitute an offer to sell, exchange or buy, or an invitation to make offers to sell, exchange or buy, securities issued by any of the companies mentioned. This financial information has been prepared in accordance with internat
Slide 3: On the Call Today
ON THE CALL TODAY Eloi Planes Jaime Ramírez Juan Graham Executive Chairman CEO CFSO 3 |
Slide 4: Key Messages
KEY MESSAGES • Strong YTD performance in a soft and volatile macro environment − Resilient and consistent delivery − Volume growth across North America and South Europe, sequentially higher price contribution and continued market share gains − Efficiency plan savings and diligent cost control offset
Slide 5: Strong YTD Performance with Sales and EBITDA Growth
STRONG YTD PERFORMANCE WITH SALES AND EBITDA GROWTH Sales (€M) Adj. EBITDA (€M) and margin (%) 1,780 +4.3%(1) +5.9%(1) 1,724 428 411 • Sales growth, driven by aftermarket demand and good execution, beating the market 23.9% 24.1% 2025 2026 2025 2026 • Adjusted EBITDA up, with margin stable YoY thanks
Slide 6: Positive Volume and Price Contribution
POSITIVE VOLUME AND PRICE CONTRIBUTION % of % YoY Sales (YTD) Group’s evolution sales Southern Europe 6% 30% 24 1,780 Rest of Europe 1% 14% 35 North America 3% 41% 1,724 (18) 15 Rest of the World 1% 15% Total organic 3% 100% Total perimeter 1% (1%) 1% 2% 1% 3% Sales FX Perimeter Price Volume Sales T
Slide 7: A Global Leader - Consistently Improving and Delivering
A GLOBAL LEADER - CONSISTENTLY IMPROVING AND DELIVERING 1 LEADER IN AN ATTRACTIVE INDUSTRY 2 STRONGER GLOBAL PLATFORM 3 A CYCLICAL LOW A resilient, aftermarket-driven A strategy for value creation US new build near historical lows business Accelerate growth #1 Commercial excellence, boost organic &
Slide 8: Partner of Choice Across the Pool Ecosystem
PARTNER OF CHOICE ACROSS THE POOL ECOSYSTEM 01 02 03 04 INDUSTRY-LEADING CONNECTED DIGITAL LOYALTY PROGRAMS & BEST-IN-CLASS SERVICE & INNOVATION ECOSYSTEM REWARDS CAPABILITY BUILDING ■ Differentiated solutions across ■ Integrated ecosystem: ■ Trade-exclusive products, ■ Dedicated technical support t
Slide 9: Innovation in North America: A Smart Pool Operating System
INNOVATION IN NORTH AMERICA: A SMART POOL OPERATING SYSTEM INFINITY The first intelligent pool operating system Complete intelligence, from the start Embedded intelligence for seamless scalability across a range of new 2026- 2027 innovations Built for the pro behind every pool Faster installs, quick
Slide 10: Sales Growth and Diligent Cost Control
SALES GROWTH AND DILIGENT COST CONTROL Evol. • Sales up 4% YoY at constant FX, in line with Evol. YTD results €M 2025 % Sales 2026 % Sales Const expectations 26/25 FX Sales 1,724 100% 1,780 100% 3.3% 4.3% • Gross margin stable, with inflation, increased tariffs and negative mix offset by price and G
Slide 11: Leverage Ratio Broadly Stable YoY
LEVERAGE RATIO BROADLY STABLE YOY Cash flow (abridged) and net debt YTD €M 2025 2026 Evol. 26/25 Adjusted EBITDA 411 428 17 • Leverage ratio broadly stable vs prior Net interest paid (43) (44) (2) year Corporate income tax paid (49) (56) (6) Operating working capital (100) (69) 32 • CF from operatin
Slide 12: Confident to Deliver Within 2026 Guidance – Narrowed Range
CONFIDENT TO DELIVER WITHIN 2026 GUIDANCE – NARROWED RANGE Confident to deliver within FY2026 guidance • Narrowed sales range to reflect - Flat to lower new pools and remodel - Strong aftermarket (maintenance and repair), Guidance for FY Original guidance New guidance share gains, positive US sell-t
Slide 13: Summary
SUMMARY • Strong YTD performance despite macroeconomic headwinds – Continued market share gains – Aftermarket growth more than offset weakness in new construction • Executing our efficiency plan, together with diligent cost control • Expect full year growth and margin progression • Confident in our
Slide 14: Appendix
_ APPENDIX 14 | FLUIDRA
Slide 15: Why Fluidra Wins
WHY FLUIDRA WINS Global leader in a structurally attractive industry, with long-term growth underpinned by resilient aftermarket 1 #1 player with unique footprint and broadest product offering. Focus on operational excellence 2 Leaders in customer-centric innovation, connectivity and sustainable poo
Slide 16: Innovation - A Key Lever to Win in the Market
INNOVATION - A KEY LEVER TO WIN IN THE MARKET Step-change innovation for a next-gen customer experience Jandy - Edge Astralpool - Cellguard Automation Salt-water chlorinator Drop-in upgrades for the aftermarket Jandy - Service Light Jandy - Echo Jandy - SpeedSet+ Lights Cartridge filter Variable-spe
Slide 17: Ready for Our Next Phase of Development
READY FOR OUR NEXT PHASE OF DEVELOPMENT 2007-2017 2018-2025 Future POST IPO – PRE-MERGER POST MERGER – TODAY NEXT PHASE OF GROWTH • Mostly European focused, with • #1 player worldwide, with • Reinforcing leadership and marginal presence in the US and diversified presence growing in high potential mo
Slide 18: Medium-Term Financial Objectives
MEDIUM-TERM FINANCIAL OBJECTIVES +4% New Build growth Medium-term targets Market Installed base growth to growth +6% +8% Annual Avg. Ticket on Equipment +6% sales growth to >25% Adjusted Weather +/-1% EBITDA margin Market share gains +2% Additional Fluidra growth ROCE >17% Inorganic growth 18 |
Slide 19: Consistent Capital Allocation to Generate Value – Unchanged Framework
CONSISTENT CAPITAL ALLOCATION TO GENERATE VALUE – UNCHANGED FRAMEWORK Accumulated cash deployment since 2019 (c.€1.8bn) 1 • Invest for growth and innovation Organic growth • Capex inc. R&D (c.3% of net sales) 25% 2 • Acquisitions (>1% of sales CAGR) Group RoCE Value-accretive • Investment criteria f
Slide 20: New Pools Currently at Historical Low Levels
NEW POOLS CURRENTLY AT HISTORICAL LOW LEVELS Top 5 countries: Residential new pools: Correction from the Around 55% top 5 countries overbuilding in the of global installed base (thousand units) prior decade >70% 321 Fluidra’s sales 249 203 1980-2025 avg: 214k units 169 2015-2025 avg: 208k units 143
Slide 21: Sales by Geography
SALES BY GEOGRAPHY Evol. Constant Const. FX & Q3 €M 2025 % Sales 2026 % Sales Const. FX 26/25 perimeter Perimeter Southern Europe 131 26% 133 25% 1.2% 1.2% 0.9% 0.8% Rest of Europe 72 15% 78 15% 8.5% 7.9% 1.2% 0.7% North America 203 41% 214 41% 5.4% 2.8% 5.1% 2.6% Rest of the World 91 18% 97 19% 6.5
Slide 22: Sales by Business Unit
SALES BY BUSINESS UNIT Const. FX & Q3 €M 2025 % Sales 2026 % Sales Evol. 26/25 Perimeter Pool & Wellness 488 98% 512 98% 4.9% 1.4% Residential 337 68% 351 67% 4.0% 1.6% Commercial 50 10% 53 10% 6.0% (6.7%) Residential Pool Water Treatment 81 16% 88 17% 7.8% 4.9% Fluid Handling 20 4% 21 4% 5.0% 3.6%
Slide 23: Reconciliation of PBT to Adjusted EBITDA
RECONCILIATION OF PBT TO ADJUSTED EBITDA YTD €M 2025 2026 Evol. 26/25 Profit/loss before tax 226 215 (4.8%) Financial result 48 50 3.4% D&A 120 119 (1.2%) Restructuring expenses 13 40 194.4% Stock based compensation expense 4 5 40.2% Adjusted EBITDA 411 428 4.1% 23 |
Slide 24: Reconciliation of Profit Attributable to the Parent to Adjusted EPS
RECONCILIATION OF PROFIT ATTRIBUTABLE TO THE PARENT TO ADJUSTED EPS YTD €M 2025 2026 Evol. 26/25 Profit/loss attributable to the parent 163 154 (5.9%) Restructuring expenses 13 40 194.4% Stock based compensation expense 4 5 40.2% Financial result 48 50 3.4% Net interest paid (43) (44) 4.0% Amortizat
Slide 25: Net Working Capital
NET WORKING CAPITAL % LTM % LTM September €M 2025 2026 Evol. 26/25 sales sales Inventories 471 21.5% 498 22.2% 5.5% Trade and other receivables 323 14.8% 363 16.2% 12.3% Trade payables 356 16.3% 433 19.3% 21.4% Operating net working capital 438 20.0% 428 19.1% (2.4%) Dividends, earn-outs & others 58
Slide 26: Interim Financial Position (Abridged)
INTERIM FINANCIAL POSITION (ABRIDGED) Assets 09/2025 09/2026 Liabilities 09/2025 09/2026 PPE & rights of use 353 434 Share capital 192 192 Goodwill 1,269 1,317 Share premium 1,149 1,149 Other intangible assets 748 728 Retained earnings and other reserves 320 342 Non-current financial assets 8 9 Inte
Slide 27: Alternative Performance Measures
ALTERNATIVE PERFORMANCE MEASURES Fluidra’s financial statements are prepared according to IFRS and other applicable regulation. The financial information presented in this document also includes Alternative Performance Measures (‘APMs’) prepared according to the group’s reporting model. For further
Slide 28: Thank You
THANK YOU +34 93 724 39 00 Investor_relations@fluidra.com Avda. Alcalde Barnils 69 - 08174 Sant Cugat (Barcelona) www.fluidra.com