Slide 1: 2025 Full Year Results
2025 FULL YEAR RESULTS Strong results, adjusted profit before tax up 21% Delivering on strategy and on track to achieve medium-term financial targets 2 March 2026
Slide 2: Agenda
Agenda Introduction David Squires CEO 2025 Full Year Results Alpna Amar CFO Markets, Investment David Squires CEO Proposition & Outlook Senior plc – Experts in Fluid Conveyance and Thermal Management 2
Slide 3: 2025 Highlights
• Successful completion of the sale of the Aerostructures business • Strong financial performance from continuing operations o Book-to-bill ratio of 1.09 o Revenue up 6% and adjusted profit before tax up 24% driven by improved performance in Aerospace o Strong margin growth to 11.4% in Aerospace and
Slide 4: Full Year 2025 Results
FULL YEAR 2025 RESULTS Continuing operations Senior plc 2025 Full Year Results Senior plc – Experts in Fluid Conveyance and Thermal Management 4
Slide 5: Financial Highlights
Financial Highlights Strong 2025 performance with adjusted profit before tax up 24%(1) Revenue Adjusted operating profit Adjusted operating margin Adjusted profit before tax £738.2m +6%(1) £63.6m +22%(1) 8.6% +110 bps £51.2m +24%(1) 2024: £697.7m 2024: £52.0m 2024: 7.5% 2024: £41.4m Adjusted EPS ROC
Slide 6: 2025 Revenue
2025 Revenue Group revenue increased 4% 6% £m at constant currency Revenue increased 6% at constant currency 40.2 0.4 (0.1) 738.2 707.4 (9.7) (+4% reported basis) $1.31 – Aerospace: 10% increase driven by (2024: $1.28) positive pricing and volume – Flexonics: marginal increase, outperforming end mar
Slide 7: 2025 Adjusted Operating Profit
2025 Adjusted operating profit Adjusted operating profit increased 20% Adjusted operating profit(1) increased 22% at constant currency(2) (+20% reported basis) £m 22% at constant currency Adjusted operating margin increased by 110bps 1.8 (2.7) to 8.6% 11.9 0.6 63.6 – Aerospace: positive pricing, vol
Slide 8: Aerospace Performance
Aerospace performance Strong FY25 growth with adjusted operating profit margin expansion – Book to bill 1.21 driven by strong demand across most markets £m (constant currency) 2025 2024 Change – Revenue increased 10.4% across all sectors Aerospace(1) Book to bill 1.21 1.17 – Adjusted operating margi
Slide 9: Flexonics Performance
Flexonics performance Performance ahead of markets, with successful restructuring initiatives – Book to bill 0.93 reflecting end-market dynamics £m (constant currency) 2025 2024 Change – Revenue marginal increase as expected due to softer heavy-duty truck market Flexonics (excluding JV)(1) condition
Slide 10: Adjusted and Reported Profit
Adjusted and reported profit Adjusted profit before tax increased by 21% to Reported profit £27.3 reflects restructuring and pension buy-in activities in 2025 £51m £m 2025 2024 Adjusted operating profit 63.6 53.0 Adjustments in the period Net finance costs Net finance costs (12.3) (11.0) – Amortisat
Slide 11: Cash Flow Generation
Cash flow generation Free cash flow increased 37% to £36m Inventory £(4.7)m 6.1 (7.9) Receivables £(13.6)m £m Payables & other £10.4m 28.7 (32.3) 63.6 (0.8) 57.4 (14.1) (7.5) 35.8 (3) 2025 Adjusted (1) Depreciation and Other Items (2) Change in Working Net Capital Pension Contributions 2025 Operatin
Slide 12: Net Debt Including IFRS 16 Leases
Net debt including IFRS 16 leases Net debt reduced significantly to £117m at 31 December 2025 ( 229.6 ) 35.8 External net debt £(73.3)m £m ( 7.4 ) 1.0 108.4 Lease liabilities £(44.0)m ( 10.3 ) (3.1) (12.1) (117.3) 31 Dec 24 FCF continuing FCF discontinued Dividends Share purchases Dividends from JV
Slide 13: Financing Arrangements
Financing arrangements Strengthened balance sheet with leverage of 0.9x at 31 December 2025 Net debt of £73.3m excl. £44.0m of IFRS 16 leases Net debt to EBITDA: 0.9x at 31 December 2025 £350m Fixed rate Profile of committed credit facilities Floating rate Committed borrowing facilities of £293.8m £
Slide 14: Medium-Term Financial Targets Update
Medium-term financial targets update On track to deliver medium-term financial targets Medium-term financial targets FY2025 Progress Group Operating Profit Margin Achieve at least double digit 8.6% On track Aerospace Operating Profit Margin Aerospace At Operating Profit Margin least mid-teens 11.4%
Slide 15: Capital Allocation
Capital allocation Capital deployment to enhance returns Capital Objective How 2025: allocation Outgrow end markets, - Invest 2% to 3% of revenue into R&D £15.7m Organic growth improve cost efficiency - Capex / depreciation of 1.1x. Capex investment: £32.6m Continue progressive Dividends Maintain ea
Slide 16: Markets, Investment Proposition & Outlook
MARKETS, INVESTMENT PROPOSITION & OUTLOOK Senior plc 2025 Full Year Results Senior plc – Experts in Fluid Conveyance and Thermal Management 16
Slide 17: Attractive End Market Exposure
Attractive end market exposure Structurally resilient growth markets 42% Flexonics Division Power & Energy Aerospace & Defence Aerospace Division 58% (45%) 17% (18%) 48% (46%) (55%) 67% (65%) Commercial aircraft 2025 and business jets Continuing operations Land Vehicle 33% (35%) 25% (27%) Military a
Slide 18: Aerospace Markets
Aerospace markets Good long-term growth anticipated in both civil and defence markets Senior supplies to the large commercial, regional, business jet, defence and adjacent markets Civil Aerospace (32% of revenue) Civil aerospace achieved 10% growth in 2025 – RPKs(1) increased by 5% in year (IATA) –
Slide 19: Flexonics Markets
Flexonics markets Senior outperforming end markets Senior continues to outperform markets in land Truck & Off-Highway (17% of revenue) Passenger Vehicles (8% of revenue) vehicles due to the launch and ramp up of newer North America & Europe (incl. UK) Class 8 Heavy Duty Truck Production (‘000) Europ
Slide 20: Investment Proposition
Investment proposition Profitable growth and strong cash flow conversion driving enhanced shareholder returns Differentiated products Supported by design-rich intellectual property and technical expertise Attractive markets Strong positions in attractive and resilient markets Customer relationships
Slide 21: Outlook
• Trading in the first two months of 2026 have started well and the Board’s expectations are unchanged for 2026. • In Aerospace, growth in civil aircraft build rates and increased demand across Outlook our other markets is expected to drive further good progress in 2026 and beyond. • Flexonics expec
Slide 22: Appendices
APPENDICES 7 Senior plc 2025 Full Year Results Senior plc – Experts in Fluid Conveyance and Thermal Management 22
Slide 23: Aerostructures Divestment
Aerostructures Divestment Successful completion of Aerostructures divestment on 31 December 2025 • Identified as non-core with limited operational synergies • Significant capital requirements to grow the business • Disposal completed on 31 December 2025 • Classified as discontinued operations • Cust
Slide 24: M&A Framework
M&A framework More Likely Less Likely Aerospace & Defence Semi-conductor Equipment Market Power & Energy (clean energy) Medical Volume Automotive Truck & OH Land Vehicles (electrification) Fluid Conveyance Products Structures / Machining Product Thermal Management Products Own design / IP products /
Slide 25: Value Accretive Bolt-On Acquisition: Spencer
Value accretive bolt-on acquisition: Spencer Case Study: Bolt-on accelerating growth opportunities • Spencer designs and manufactures high pressure hydraulic fluid fittings for use in commercial and military • Located in California, USA. Previously owner managed business • Acquired Fluidin Novembera
Slide 26: Senior plc
Senior plc A global leader in Fluid Conveyance and Thermal Management with c.100 years experience • Revenue 2025: £738m (2024: £707m) • Senior plc is a specialised engineering company that designs, engineers and manufactures high performance components used in demanding • Adjusted operating profit 2
Slide 27: Competitive Positioning
Competitive Positioning Market leading offering helps drive sustained profitable growth and shareholder value Senior Competitor 1 Competitor 2 Competitor 3 Competitor 4 Competitor 5 Senior’s strengths Products/Capabilities • Operational Track Record Low-pressure ducting • Best in Class saf
Slide 28: Our Businesses and Markets
Our Businesses and Markets Two divisions, Aerospace and Flexonics, supplying highly engineered products and systems across attractive end markets Aerospace Flexonics Truck and Off Passenger Civil Aerospace Defence Adjacent Markets Energy Industrial Highway Vehicles Design, engineering, manufacture
Slide 29: Market Drivers
Market Drivers Market environment underpinning increased spending in core and growth markets Increased Investment in Air Passenger Emissions Higher Energy Growth in Space Defence Digital Traffic Growth Reduction Demand Economy Spending Infrastructure Global passenger Geopolitical Longer term
Slide 30: Product Categories
Product Categories Differentiated products with rich IP & expert know how Other Power & Energy High pressure ducting 4% (4%) 25% (24%) Industrial process control 13% (14%) Fluid control Other LV components 2025 13% (14%) 8% (9%) Continuing Operations Low-pressure ducting Emission control 7% (7%) 17%
Slide 31: Customers
Customers Airbus 9% (7%) Power & Energy 17% (18%) Safran 4% (4%) RTX 4% (4%) Lockheed 4% (3%) Boeing 3% (3%) Other LV 13% (11%) 2025 GKN Aerospace 2% (2%) Continuing operations Bombardier 2% (2%) Daimler Truck 3% (4%) Caterpillar 4% (5%) Other 30% (30%) Cummins 5% (7%) Aerospace & Defence revenue: A
Slide 32: Product Portfolio
Product Portfolio Standard Parts Bespoke components Aerospace high pressure hydraulic Lightweight compressor for aerospace Squeeze duct for aerospace application EGR cooler fluid fitting applications Aerospace flanges Exhaust flex for Heavy Trucks Medical tool for open heart surgery Senior plc – Exp
Slide 33: Product Portfolio Continued
Product Portfolio continued Sub-system assemblies System design T-duct for bleed air systems in Low-pressure ducting systems for High-pressure ducting system for Expansion joint used in oil-refinery commercial aircraft rotorcraft commercial aircraft Typical wing duct products High Pressure / Bleed D
Slide 34: Product Portfolio Continued
Product Portfolio continued Diverse end use applications Senior plc – Experts in Fluid Conveyance and Thermal Management 34
Slide 35: Senior plc – Experts in Fluid Conveyance and Thermal Management
Senior plc – Experts in Fluid Conveyance and Thermal Management 35
Slide 36: Medium-Term Targets
Strategy to deliver enhanced shareholder value underpinned by new medium-term financial targets: Achieve at least double-digit (%) margins in the medium term Operating Aerospace adjusted operating margins: at least mid-teens (%) in the profit margins medium term Flexonics adjusted operating margins:
Slide 37: Through Cycle Revenue Growth
Through cycle revenue growth Aim to outgrow end markets by 50% through the cycle with market share gains and new product introductions & innovation Expectation of mid-single digit organic revenue growth through the cycle Aerospace & Defence Land Vehicles Power & Energy Market growth rate of 3-4% Mar
Slide 38: Balance Sheet
Balance sheet £m Dec 2025 Dec 2024 Goodwill and other intangible assets 187.6 227.5 Investment in JV 5.2 3.3 Property, plant and equipment 176.4 292.1 Other long-term assets 30.1 27.9 Non-current assets, before retirement benefits 399.3 550.8 Inventories 144.9 236.0 Receivables, excl. hedging 106.6
Slide 39: Usage of Credit Facilities – December 2025
Usage of credit facilities – December 2025 Interest Facility Usage Usage by Currency % £m £m £ $ € Other US Private placements: $25.0m (Feb 2030) 6.26% 18.7 18.7 - 18.7 - - $25.0m (Feb 2030) 6.26% 18.7 18.7 18.7 - - - $40.0m (Feb 2029) 5.46% 29.9 29.9 29.9 $30.0m (Sep 2028) 4.18% 22.3 22.3 - 22.3 -
Slide 40: Pension
Buy-in of c.£180m of pension liabilities from the closed Senior plc UK defined benefit scheme (“the Scheme”) in September 2025 with M&G Scheme trustee has further data cleanse workstreams following the buy-in. For 2025, because of the buy-in, data cleanse projects resulted in a £7.3m income statemen
Slide 41: Aerospace
AEROSPACE Senior plc 2025 Full Year Results Senior plc – Experts in Fluid Conveyance and Thermal Management 41
Slide 42: Aerospace Platforms
Aerospace platforms Embedded across all major civil aerospace and defence platforms A220 13% A320 9% 2025 Other 51% Continuing Operations 8% F-35 6% C-130J 3% 3% B737-MAX 3% 2% 2% E2 Global A350 5000/6000 A400M Based on H1 2025 revenue. % in brackets are 2024 comparatives. Senior plc – Experts in Fl
Slide 43: Aerospace Division: A Summary
Aerospace division: a summary 2025 2024(1) Change Revenue £426.3m £386.1m +10.4% Adjusted Operating Profit(2) £48.5m £36.6m +32.5% Adjusted Operating Margin(2) 11.4% 9.5% +190 bps 7 Operations Markets Customers NAFTA 4 Other Airbus France 1 18% 16% UK 2 Safran 7% Civil Aerospace Other RTX 54% 51% 6%
Slide 44: Flexonics
FLEXONICS Senior plc 2025 Full Year Results Senior plc – Experts in Fluid Conveyance and Thermal Management 44
Slide 45: Flexonics Division: A Summary
Flexonics division: a summary Flexonics (excluding JV) 2025 2024(1) Change Revenue £313.4m £313.0m +0.1% Adjusted Operating Profit(2) £35.0m £34.4m +1.7% Adjusted Operating Margin(2) 11.2% 11.0% +20 bps Flexonics (including JV) 2025 2024(1) Change Adjusted Operating Profit(2) £38.0m £35.6m +6.7% 11
Slide 46: Full Year Results – Disclaimer – Page 1
Full Year Results – Disclaimer – Page 1 This presentation are being provided to you solely for your information and do not constitute or form part of, and should not be construed as, any offer, invitation or recommendation to purchase, sell or subscribe for any securities of the Senior plc (the “Com
Slide 47: Full Year Results – Disclaimer – Page 2
Full Year Results – Disclaimer – Page 2 placed on, the accuracy, completeness or fairness of the information or opinions contained in this presentation or the related presentation and no responsibility or liability is assumed by any such persons for any such information or opinions or for any errors