Genuit Group Plc · LSE:GEN
Genuit — FY2025 Earnings Presentation
56 slides from Genuit's earnings presentation, Mar 10, 2026
Slide 1: FY25 Results & Divisional Overview
Genuit Group FY25 Results & Divisional Overview FIND NEW 10th March 2026 IMAGE
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has not been independently verified and this presentation contains various forward-looking statements that reflect management’s current views with respect to future events and financial and operational performance. The words “growing”, “scope
Slide 3: Agenda FY25
Agenda FY25 Joe Vorih CEO 1 Introduction Tim Pullen CFO 2 Financial Update Lee Mellor 3 Strategic Progress Divisional MD, 4 Divisional Overview Climate 5 Q&A Steve Currier Divisional MD, Water
Slide 4: Resilient Financial Performance
Resilient Financial Performance ▪ Revenue increase of 7.3%, as Genuit continues to outperform the market ▪ Underlying operating profit increased to £94.4m despite tough market conditions ▪ Sequential underlying H2 margin improvement, as expected ▪ Strong underlying operating cash generation, with 10
Slide 5: Executing on our Strategic Priorities
Executing on our Strategic Priorities ▪ Focus on higher growth segments, such as ventilation and blue- green roofs, with expanded offering ▪ Benefiting from legislative tailwinds, with initial AMP8 framework wins, and increased demand for MVHR* and ventilation products ▪ Targeted market share gains
Slide 6: Divisional Simplification
Divisional Simplification Two Divisions, each with strong growth drivers and clear routes to operational scale Climate Water Addressing the need for clean, Addressing the need for climate- healthy air and low-carbon resilient water solutions and low- heating and cooling carbon, efficient constructio
Slide 7: Financial Results
Tim Pullen, CFO Financial Results
Slide 8: Financial Highlights
Financial Highlights Growing and outperforming in challenging markets Cash Revenue EBIT EBIT Margin Conversion DPS Leverage £602.1m £94.4m 15.7% 102.0% 12.9p 1.5x Up Up Down Up 7.3% 2.4% 70 bps > 90% 0.4p 1.0x-2.0x Broadly flat on Strategic bolt-on Organic growth H2 > H1 Strong cash Progressive a li
Slide 9: Financial Results: Revenue
Financial Results: Revenue Group Revenue FY25 Revenue Breakdown 1.1% £m 10.9% 35.0% 28.2% FY25 602.1 41.0% 25.8% FY24 561.3 29.7% 28.3% UK New Build UK RMI SBS CMS WMS Other UK Non-Housing * International * Non-Housing primarily consists of commercial, infrastructure, and public non-housing expendit
Slide 10: Financial Results: Profit
Financial Results: Profit Group Underlying Profit and Underlying Operating Margin ▪ Underlying operating profit £94.4m, an increase of 2.4% on a reported basis (0.4% reduction like-for-like) £m 17.5 ▪ Contribution from revenue growth offset by NI and FY25 15.7% 94.4 NLW* headwinds and some margin so
Slide 11: Financial Results: Business Units Overview 2025
Financial Results Business Units Overview 2025 Revenue (£m) Underlying Operating Profit (£m) 13.7% 15.1 602.1 -0.2 15.9% 8.6 17.3 5.5 0.3 94.4 92.2 0.4 561.3 -4.0 16.4% 15.7% 2024 CMS WMS SBS Other * 2025 2024 CMS WMS SBS Other * 2025 * Other- Relates to Polypipe Italia SRL which does not form part
Slide 12: Financial Results: Climate Management Solutions
Financial Results: Climate Management Solutions ▪ Revenue 10.7% higher YoY (5.9% on a like-for-like £m basis) 13.6% 24.4 FY25 ▪ Strong growth in ventilation 178.9 ▪ Resilient performance in water filtration ▪ Softness in underfloor heating 14.9% 24.0 FY24 161.6 ▪ Underlying operating margin 130 basi
Slide 13: Financial Results: Water Management Solutions
Financial Results: Water Management Solutions ▪ Revenue 5.3% higher YoY (0.5% on a like-for-like basis) £m FY25 5.7% 9.6 ▪ Resilient performance in Civils 169.5 ▪ Growth in blue-green roofs ▪ Growth in stormwater attenuation 8.5% 13.6 FY24 160.9 ▪ Underlying operating profit decreased 29.4% with mar
Slide 14: Financial Results: Sustainable Building Solutions
Financial Results: Sustainable Building Solutions ▪ Revenue 6.5% higher YoY (3.3% on a like-for-like £m basis) 24.3% 59.9 FY25 ▪ Market share gains in drainage products 246.8 ▪ Growth in commercial markets ▪ Subdued market volumes in new FY24 23.5% 54.4 housebuilding and RMI* 231.7 ▪ Underlying oper
Slide 15: Divisional Metrics 2025
Divisional Metrics 2025 Climate Water £172.6m Revenue (13.6% ROS) £413.2m Revenue (16.7% ROS) Civils & Residential & Ventilation Heating Infrastructure Commercial 23% % of Total Division Revenue c.55% c.45% c.25% c.75% 2025 Revenue Growth Rate 2025 EBIT Margin Growth Margin 7% + 17% + 4-6% 12-16% 0-
Slide 16: Financial Results: Non-underlying Items
Financial Results: Non-underlying Items £m 2025 2024 ▪ Non-underlying items before tax Non-underlying items: decreased to £24.7m (2024: Amortisation of intangible assets (13.7) (14.4) Impairment of goodwill - (12.4) £33.0m) of which £16.3m is non- Impairment of intangible assets and PP&E* held-for-s
Slide 17: Financial Results: Cash Flow
Financial Results: Cash Flow £m 2025 2024 Change ▪ 102.0% cash conversion on a Cash EBITDA (before non-underlying items) 124.8 119.2 5.6 Capex (29.7) (26.0) (3.7) pre-capex basis Leases (9.6) (10.6) 1.0 Working capital 1.6 9.0 (7.4) Underlying cash generated from operations 87.1 91.6 (4.5) ▪ Working
Slide 18: Financial Results: Capital Allocation
Financial Results: Capital Allocation Maximising value through efficient capital deployment ▪ Continued investment in the business – Investment in innovation, £29.7m capital expenditure in 2025 Organic efficiency and sustainability investment to deliver future growth ▪ Acquisitions in 2025 of enterp
Slide 19: Outlook
Outlook ▪ Subdued market conditions in Q4 2025 have continued into Q1 2026 as expected, albeit with some positive signs on order intake ▪ Prolonged wet weather has impacted construction site activity in January and February ▪ The potential business impact of the evolving situation in the Middle East
Slide 20: Strategic Progress
Joe Vorih, CEO Strategic Progress
Slide 21: Our purpose: Together, we create sustainable living
Our purpose Together, we create sustainable living
Slide 22: Our Sustainable Solutions for Growth strategy
Our Sustainable Solutions for Growth strategy Growth Sustainability Focusing on higher-growth, Providing the lowest-carbon sustainability-driven markets, choice for our customers to through organic growth and maximise exposure to disciplined M&A opportunities structural growth drivers People & Cultu
Slide 23: Growth: Focusing on higher-growth, sustainability driven markets
Growth Focusing on higher-growth, sustainability driven markets Structurally growing end- Supportive regulatory Strengthening the offer markets environment through bolt-on M&A ▪ Market tailwinds driven by ▪ Industry regulation and ▪ Organic investment the need to mitigate and legislation provides fu
Slide 24: Growth: Focusing on higher-growth, sustainability-driven markets
Growth Focusing on higher-growth, sustainability-driven markets Structurally growing end- Supportive regulatory Strengthening the offer markets environment through bolt-on M&A Underpinned by innovation and commercial excellence
Slide 25: Sustainability: Lowest-carbon supplier of choice
Sustainability Lowest-carbon supplier of choice Continued Continued improvement in leadership in scopes 1 & 2 recycling carbon intensity Recycled Decreased materials form by 15.7% 50.6% of polymer inputs 0.105 tCO₂e per tonne of (2024: 52%) production (2024: 0.124 tCO₂e)
Slide 26: Genuit Business System
Genuit Business System Creating value and growth through lean transformation Delivered 75 kaizen Over 90% of Genuit events Leadership Team participated in (2024: 20 events) kaizen events Launched GBS 23% of total tools for Growth employees joined lean kaizen events or training
Slide 27: GBS Case Study: Sky Garden
GBS Case Study: Sky Garden CLICK TO WATCH HERE
Slide 28: People: Enabling growth by investing in our people
People Enabling growth by investing in our people Continued 94 colleagues investment in promoted during accredited Earn 2025, of which and Learn c.40% were female programmes Awarded The 5% A third of senior Club Gold status for leadership 18.9% of UK positions are held colleagues in by women recogni
Slide 29: Divisional Overview
Divisional Overview 10th March 2026
Slide 30: Divisional Simplification
Divisional Simplification Two Divisions, each with strong growth drivers and clear routes to operational scale Climate Water Addressing the need for clean, Addressing the need for climate- healthy air and low-carbon resilient water solutions and low- heating and cooling carbon, efficient constructio
Slide 31: Climate
Addressing the need for clean, healthy air and low- carbon heating and cooling Climate
Slide 32: Climate: What We Do
Climate: What We Do
Slide 33: Climate: Growth Drivers
Climate: Growth Drivers The transition to low- Our climate is getting The need for clean carbon heating warmer healthy air
Slide 34: Transitioning to low-carbon heating
Transitioning to low-carbon heating Centralised ventilation provided by an MVHR unit A single control interface Our underfloor heating systems Only Genuit has this range of connected heating technologies
Slide 35: Customer Testimonial: Nu-Heat, Rudlow Manor
Customer Testimonial Nu-Heat: Rudlow Manor CLICK TO WATCH HERE
Slide 36: Our climate is getting warmer
Our climate is getting warmer One in five UK homes are apartments, with numbers rising* Sealed apartments need help to heat and cool The solution to this challenge is MVHR with cooling We have already seen rapid growth in this attractive segment *Source – 2021 Census
Slide 37: With the addition of Monodraught, we now have a complete solution
With the addition of Monodraught, we now have a complete solution, addressing the need for clean, healthy air Hybrid Mechanical Controlled with a Ventilation MVHR single interface + = Total Performance monitored system by Acuity
Slide 38: We have increased our market opportunity in the growing education sector
We have increased our market opportunity in the Stockport Interchange growing education sector CF25 and SRP500 are Government spend programmes worth £15.6bn over next six years The Nuaire/Monodraught combination doubles the ventilation opportunity for Genuit This now represents >£150m Nuaire Mechani
Slide 39: Customer Testimonial: Monodraught, Little Reddings Primary School
Customer Testimonial Monodraught: Little Reddings Primary School CLICK TO WATCH HERE
Slide 40: Climate Summary
Summary ▪ Provide low-carbon heating and cooling solutions in a warming world ▪ Focused on ventilation and heating using clean air and energy efficiency ▪ Deliver solutions across residential, public sector and commercial segments ▪ Uniquely positioned to assist the customer with interoperable solut
Slide 41: Water
Addressing the need for climate-resilient water solutions and low-carbon, efficient construction Water
Slide 42: Water: What We Do
Water: What We Do 42
Slide 43: Water: Growth Drivers
Water: Growth Drivers Adapting to the increase Our long-term water The transition to low- in intense and prolonged scarcity crisis carbon efficient rainfall construction
Slide 44: Adapting to the increase in intense and prolonged rainfall
Adapting to the increase in intense and prolonged rainfall Genuit offers solutions to intercept and store foul water overflows, removing spills into rivers, and managing stormwater at source At least £100m of AMP8 funding accessible to Genuit
Slide 45: Stockport Interchange
Stockport Interchange Blue -green roofs Historical project retro-designed as if specified at concept stage Heavy duty Total cost of installation attenuation and treatment saving of £600k plus Rain gardens annual water consumption Podium attenuation and irrigation saving of £20k Planting offsets Flow
Slide 46: Customer Testimonial: Sky Garden, Cascade Towers
Customer Testimonial Sky Garden: Cascade Towers CLICK TO WATCH HERE
Slide 47: Growth: Enabling the transition to low-carbon, efficient construction
Enabling the transition to low-carbon, efficient construction 2025 saw increased demand for our offsite pre-fabricated service Reduced customer installation cost and enhanced value and margin for Genuit Added water supply systems alongside our drainage ranges, increasing our addressable market 20% G
Slide 48: Supporting our customers in low-carbon construction
Supporting our customers in low-carbon construction Increased demand for Environmental Product Declarations (EPD) reaffirming lowest-carbon supplier of choice leadership Won combined Barratt Redrow tender, owing to carbon credentials, value and ability to service the combined estate c.70% EPD covera
Slide 49: Water Summary
Summary Set up to leverage sustainability and regulatory growth drivers: ▪ Broad holistic solutions for the water problems of today and tomorrow ▪ Design-optimised for lowest-cost of installation to maximise customer value ▪ Maintaining the lowest embedded carbon
Slide 50: Sustainable Solutions for Growth
Sustainable Solutions for Growth
Slide 51: Our Sustainable Solutions for Growth strategy means we are
Our Sustainable Solutions for Growth strategy means we are: ▪ Organised to focus upon structural growth drivers ▪ Able to grow organically and via targeted M&A ▪ Well positioned to hit our medium-term targets
Slide 52: Our Investment Case
Our Investment Case Delivering compound earnings growth from sustainability-driven growth markets Operating in built Differentiated, Leading positions Significant margin Opportunity to Highly cash- environment innovative, low - across diverse expansion potential, expand solution generative business
Slide 53: Q&A
Q&A
Slide 54: Appendix
Appendix
Slide 55: Climate and Water
Climate and Water 2025 2024 Change LFL Change Revenue £m £m % % Climate Division 178.9 161.6 10.7 5.9 Water Division 420.6 395.8 6.3 2.4 599.5 557.4 7.6 3.5 Other* 2.6 3.9 (33.3) (33.3) Total Group 602.1 561.3 7.3 3.2 2025 ROS 2024 ROS Change Underlying operating profit £m % £m % Bps Climate Divisio
Slide 56: Modelling Guidance
Modelling Guidance Underlying P&L: • Monodraught and Davidson acquisitions YoY impact + c.£41m revenue at high teens underlying profit margin • Polydeck (held-for-sale) Revenue YoY impact -£2.6m with negligible underlying operating profit • Savings from restructuring actions in FY25 forecast to more