Bekaert Sa · EURONEXT:BEKB
Bekaert Sa — Q3 2025 Earnings Presentation
15 slides from Bekaert Sa's earnings presentation, Nov 21, 2025
Slide 1: Bekaert Q3 2025 Trading Update
Bekaert Q3 2025 Trading Update 21 November 2025
Slide 2: Safe harbor
Safe harbor This presentation may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results
Slide 3: Agenda
Agenda 1 Financial review Seppo Parvi, CFO Seppo Parvi CFO 2 Summary & outlook Yves Kerstens, CEO 3 Q&A Yves Kerstens CEO 3
Slide 4: Financial review
Seppo Parvi, CFO Financial review 4
Slide 5: Q3 2025 sales bridge
Q3 2025 sales bridge Like-for-like sales broadly in line with last year; volume growth in core markets in millions of € -1% 28 -36 Stable sales performance • Like-for-like sales -1% -30 -37 +3% volume growth SWS LATAM • Growth in energy and utilities sector in Pass-through of disposal: -€30m lower i
Slide 6: 9-month 2025 sales bridge
9-month 2025 sales bridge Like-for-like sales decline driven by lower raw material costs in millions of € -3% -60 -26 -14 -84 SWS LATAM disposal: -€30m SWS Indonesia & India: -€12m Mainly pass-through of lower BEXCO: +€16m raw material and energy costs 3,016 2,931 versus 2024 2,833 9m-24 FX M&A1 9m-
Slide 7: Rubber Reinforcement
Rubber Reinforcement Volume growth in China and North America Q3 2025 Consolidated sales (€m) Mixed volumes across regions • Volume growth in China, strong domestic market • Volume growth in North America • Lower volumes in Europe 12 • Lower volumes in India, increased competition from imports -18 -
Slide 8: Steel Wire Solutions
Steel Wire Solutions Strong volume growth in Energy & Utilities Q3 2025 Consolidated sales (€m) Q3 sales +6% on like-for-like basis • Strong volume growth in energy & utilities -7 3 • Higher volumes in China, supported by a strong automotive 12 end market -30 Expanding production capacity in the US
Slide 9: Bridon-Bekaert Ropes Group
Bridon-Bekaert Ropes Group Synthetics business performing well; soft market conditions in steel ropes Q3 2025 Consolidated sales (€m) Challenging end-market conditions for Steel Ropes • Weak demand in North America, due to tariff uncertainties, and in Europe, from lower mining activity • Soft demand
Slide 10: Specialty Businesses
Specialty Businesses Positive signals in North American flooring market Q3 2025 Consolidated sales1 (€m) Sustainable Construction • US flooring business improving in Q3 after slow H1 2025 • Positive momentum in India and the Middle East • Weak demand in Europe impacting volumes and prices • Recent t
Slide 11: Summary and outlook
Yves Kerstens, CEO Summary and outlook 11
Slide 12: Q3 Summary and FY2025 Outlook
Q3 Summary Driving operational efficiency through footprint optimization and cost focus Stable Q3 sales amid market headwinds FY2025 • Q3 sales down Y-o-Y -1%1, year-to-date sales down Y-o-Y -3%1 Outlook • Volume growth in SWS and RR, Sustainable Construction improving • Navigating the challenges of
Slide 13: Q&A
Q&A 13
Slide 14: Alternative Performance Measures
Alternative Performance Measures Metric Definition Capital employed (CE) Working capital + net intangible assets + net goodwill + net property, plant and equipment + net RoU Property, plant and equipment. The average CE is computed as CE at balance sheet date plus CE same period of the previous year
Slide 15: = Bekaert
= Bekaert