Alumasc Group Plc · LSE:ALU
Alumasc — FY2025 Earnings Presentation
33 slides from Alumasc's earnings presentation, 2025
Slide 1: Annual Results to 30 June 2025
we Prose Annual Results to 30 June 2025 Sustainability driving further growth Paul Hooper, Chief Executive Simon Dray, Group Finance Director
Slide 2: Contents
Contents Introducing Alumasc FY25 Highlights & Overview Financial Review Business Review Strategic Delivery Outlook Appendices Alumasc Roofing - Warm BluRoof System with Blackdown Green Roof - Nelson Street, Belfast Image @ Chris Humphreys Photography “Sas wed BAR eee a ee
Slide 3: Introducing Alumasc
KX TRimase Introducing Alumasc Paul Hooper, Chief Executive ARP - Sentinel Deepflow Aluminium Gutter, Colonnade Square Swaged Aluminium Downpipe, Trueline \ ‘Aluminium Fascia and Soffit - Lady Byron House, Knowle
Slide 4: Who We Are: Our Divisions
Who We Are: Our Divisions Building Products for a Sustainable Future Water Management Climate change resilience through water and stormwater management in the built environment Products: + Rainwater management (gutters/downpipes) + Architectural aluminium + Building and surface water drainage + Acce
Slide 5: Sustainability driving further growth
> Sustainability driving further growth Long-Term Sustainability Growth Drivers Market Leadership: sustainable solutions for the built environment, focused on: * Reducing carbon footprint * Efficient management of rain and storm water * Providing biodiverse green spaces Climate High quality, durable
Slide 6: FY25 Highlights & Overview
O2. FY25 Highlights & Overview Paul Hooper, Chief Executive wy =) ‘Alumasc Roof *. . : x nS ey eS Z f6rplan Reitiforced Membrafig;Derbigum Anti-root and Blog kcOOmeg E fa? Edinburgh
Slide 7: FY25 highlights
FY25 highlights Delivery of strategic priorities driving continued market outperformance Record performance in challenging end market conditions Revenue +13% to £113.4m (FY24: £100.7m) Underlying PBT* +9% to a record £14.2m (FY24: £13.0m); underlying EPS +11% to 29.9p ARP acquisition performing well
Slide 8: FY25 highlights
FY25 highlights Delivery of strategic priorities driving continued market outperformance Continued execution of strategic and commercial priorities * Organic revenue growth +7.0% * Underlying operating margin* 13.7% (FY24: 14.3%), down 60bps due to UK/export revenue mix impact; actions taken to unde
Slide 9: Outperforming the UK construction market
> Outperforming the UK constructio market Construction markets subdued UK construction output + General market growth 0.5% (2024), 1.9% (2025)* CPA Summer 2025 forecost, all work tae . . 4 + Political and macroeconomic uncertainty 3 + Implementation of NPPF and Building Safety Act 2 causing delays 1
Slide 10: Financial Review
O3. Financial Review Simon Dray, Group Finance Director Alumasc Water Management Solutions - Gatic Ultraslot and Gatic Access Covers “Moin Container Terminal, Costa Rica
Slide 11: Income statement summary
> Income statement summary Year ended 30 June 2025 Continuing operations FY25 FY24 Unaudited (restated*) jange £m £m % Revenue 113.4 100.7 +12.6% Gross profit 43.0 38.3 Gross profit marg 37.9% 38.0 Sales, general & administration overheads (27.4) (23.9) Underlying operating profit** 15.6 14.4 +8.3%
Slide 12: Revenue Bridge
> Revenue Bridge Year ended 30 June 2025 ARP (acquired December 2023): £5.7m incremental contribution Organic growth across all three divisions Water Management +4% * Price inflation £0.4m 100.7 + Export volumes up £4.2m + UK volumes down £3.1m FY 24 Acquisition Water Building Housebuilding FY 25 Ma
Slide 13: Underlying Profit before Tax Bridge
> Underlying Profit before Tax Bridge Year ended 30 June 2025 FY 24 Acquisition The Alumasc Group ple (0.1) Price Volume Mix FY 25 ARP: £0.5m incremental contribution (net of interest) Cost inflation largely covered by price increases Volume +£1.4m Volume growth at 3 divisions Cost investments offse
Slide 14: Cashflow statement summary
> Cashflow statement summary Year ended 30 June 2025 EBITDA from continuing operations** FY25 Unaudited FY24 Pension d Cash generated by underlying operating (0.9) activities 106% e 2.6) 2.6) pal rep 6) ing/othe! iow 9) Free cash flow 6.6 (1.7) Acquisition of bu Movement in net bank debt 15 (4.4) +5
Slide 15: Balance sheet summary
> Balance sheet summary at 30 June 2025 FY25 FY24 Unaudited —_(restated*) Strong returns generating shareholder value , ee a aa 6° Well in excess of WACC (c.12%) Intangible assets 18 19.3 0.6) von val ae we Significant capacity for investment Working capita 3.8 8 2.0 + June 2025 EBITDA leverage 0.35
Slide 16: Business Review
O4. Business Review Paul Hooper, Chief Executive
Slide 17: Water Management
> Water Management Continuing operations Revenue (£m) 5515) 48.3 Underlying operating profit (£m) 8.0 77 Underlying operating margin (%) 14.5% 15.9% Operating profit (£m) 61 6.8 Strong revenue growth (+15%); underlying operating profit +4% * £4.2m (44%) growth in export sales + Majority of CLK airpo
Slide 18: Building Envelope
> Building Envelope Continuing operations Revenue (£m) 41.8 37.6 Underlying operating profit (£m) 5.3 47 Underlying operating margin (%) 12.7% 12.4% Operating profit (£m) 55) 47 Organic growth: +11% revenue, +14% underlying operating profit Leveraging investment in technical sales and customer suppo
Slide 19: Housebuilding Products
> Housebuilding Products Continuing operations Revenue (£m) 16.1 14.8 Underlying operating profit (£m) 4.2 3.8 Underlying operating margin (%) 26.0% 25.5% Operating profit (£m) 42 3.8 Excellent performance in challenging market conditions + Revenue +9%, underlying operating profit +11% + Market shar
Slide 20: Strategic Delivery
umasc Q5. Strategic Delivery Paul Hooper, Chief Executive Simon Dray, Group Finance Director
Slide 21: Strategic Pillars
Strategic Pillars Championing Sustainable Building Products Align portfolio with strategic growth markets Resource-efficient manufacturing Targeted product development Sustainability commitment recognised by LSE Green Economy Mark The Alumasc Group ple Accelerating Organic Sales Growth > Outperform
Slide 22: Strategic Delivery: Championing Sustainable Building Products
> Strategic Delivery Championing Sustainable Building Products Product an . . GHG emission intensity >80% of portfolio aligned with strategic growth markets tCO,¢, scope 1,2 and business travel/£m revenue . Building decarbonisation (construction and in use) * — Water management 70 * — Occupant wellb
Slide 23: Strategic Delivery: Accelerating Sales Growth
> Strategic Delivery Accelerating Sales Growth * Another year of sectoral outperformance * Organic sales growth 4+7% * UK construction* +0.5% * UK sales resilient * Strong overseas sales growth, now 13% of Group revenue * — Significant long term growth drivers * Long term housing undersupply/ageing
Slide 24: Strategic Delivery: Driving Margin Improvement
> Strategic Delivery Driving Margin Improvement . a . Operating margin: history and target * 390bps operating margin increase in last 6 years, driven by: + Volume growth * — Efficient and flexible manufacturing capacity * — Investments in capability 139% 40.4% —-#0.4% 7 7 : 7 margin a ane * Medium t
Slide 25: Strategic Delivery: Value-Enhancing Investment
> Strategic Delivery Value-Enhancing Investment Organic * Further targeted investment to support future growth * Sales/marketing capability, R&D/new product development * £2.6m of capital expenditure + £1.2m to complete automated covers manufacturing at Wade, Halstead * Further NPD/agility investmen
Slide 26: Outlook
KX Fmasc O6. Outlook Paul Hooper, Chief Executive Simon Dray, Group Finance Director r pipe and Bespoke Hopper Heads - I) Rutland Mills; Wakefield
Slide 27: Outlook
> Outlook » Demonstrated ability to progress in volatile markets >» Diverse products, markets and geographies provides resilience » Focus remains on growing market share » Medium term drivers remain strong >» Supportive environmental and building safety regulations >» Undersupply of new houses/age o
Slide 28: Thank you
Thank you www.alumasc.co.uk ‘Alumasc Roofing ~ Kings Road Park, London
Slide 29: Appendices
KX TRimase Appendices ‘ARP, Sentinel Deepflow Aluminium Gutter, Colonnade Square Swaged Al Trueline Aluminium Fascia and Soffit, Lady Byron House
Slide 30: Non-underlying items
> Non-underlying items Year ended 30 June 2025 FY25 FY24 Operating Profit Operating Profit Profit Before Tax Profit Before Tax £m £m £m £m Underlying profit from continuing operations 15.6 14.2 14.4 13.0 Acquired intangible asset amortisation (0.4) (0.4) (0.2) (0.2) Restructuring and other non-recur
Slide 31: Prior year restatement
> Prior year restatement As originally reported Adjustment As restated £m £m £m Income Statement Underlying operating profit 14.2 02 14.4 Net finance costs (1.2) (0.2) (1.4) Underlying profit before tax 13.0 - 13.0 Profit before tax (statutory) 17 - 11.7 Balance Sheet Property, plant and equipment —
Slide 32: Diversified end markets
> Diversified end markets Water Management Envelope Products >80% revenue derived from environmental products >80% revenue supported by legislation/regulations % of Group revenue % of Group profit Private vs Public Housebuilding vs Non-residential vs Commercial/infrastructure RMI vs New build _@e-4
Slide 33: Acquisition criteria
> Acquisition criteria M&A target characteristics Case studies Bolt-on (to c.£20m EV) Acquisition Date Cost ROI ROI (initial) (act/target) Operating in Alumasc markets/close adjacents Timloc Sep 2004 £3.4m 8% 35% Consistent with Group margin and cash Rainclear Dec 2012 £0.7m 26% 1% generation target