Slide 1: Midyear results 2026
Midyear results 2026 Dr. Suzanne Thoma | Executive Chairwoman Thomas Zickler | CFO Midyear results 2026 presentation, 28.7.2026
Slide 2: Midyear results 2026
Midyear results 2026 Order Intake in CHFm Sales in CHFm EBITDA Margin 1’787 1’673 15.5% -3.9% 1.0% 110bps Midyear results 2026 presentation, 28.7.2026 2
Slide 3: Summary
Summary Flow and Services divisions on track; resilient in difficult environment Chemtech in accelerated transition with restructuring, cost reduction and strong market focus – with signs of normalization of Core business Resilient base and aftermarket business Customer project and investmen
Slide 4: Financials
Financials Click H1 2026 to add title Thomas Zickler | CFO Midyear results 2026 presentation, 28.7.2026 4
Slide 5: Resilience in challenging environment, as anticipated few large orders
Resilience in challenging environment, as anticipated few large orders Order intake in CHFm Sales in CHFm Order intake Continued growth in Flow and Services in the -3.9% +1.0% aftermarket and base business. Chemtech impacted by delayed project decisions for new technologies. Core 1’787 1’961 busines
Slide 6: Continuous strong Profitability improvement
Continuous strong Profitability improvement EBITDA in CHFm and % margin ROCE in % EBITDA margin increase of 110 bps Up the fourth year in a row, mainly driven by better 15.5% 14.4% 20.2% 20.0% gross margin and rigorous implementation of Sulzer commercial and operational Excellence 259 251 ROCE furth
Slide 7: Ongoing strong Profitability improvement Flow
Ongoing strong Profitability improvement Flow Order intake Sales EBITDA in CHFm in CHFm in CHFm +1.4% +0.5% Flow 790 815 743 773 Order intake EBITDA margin Solid performance in base business compensating for missing large orders in Energy & Infrastructure. Water & +100 bps Industrial business impact
Slide 8: Sales growth and strong Profitability increase Services
Sales growth and strong Profitability increase Services Order intake Sales EBITDA in CHFm in CHFm in CHFm +0.2% +4.4% Services 712 757 657 EBITDA margin 645 Orders +100 bps Stable compared to record H1 2025, despite large orders in H1 last year and customers deferred service 17.7% 16.7% cycles due t
Slide 9: Core business stabilizing – headwinds in large orders remain Chemtech
Core business stabilizing – headwinds in large orders remain Chemtech Order intake Sales EBITDA in CHFm in CHFm in CHFm -22.7% -4.9% Chemtech 389 314 Orders 285 285 EBITDA margin Core business (components and services) stable; headwinds for large new technology projects remain, Stable demand in chem
Slide 10: Free Cash Flow highly impacted by increased NWC
Free Cash Flow highly impacted by increased NWC Free Cash Flow in CHFm Net Working Capital in CHFm FCF decrease due to geopolitically induced build-up of NWC (mainly inventories and contract assets) resulting from delayed and paused projects 906 FCF additionally impacted from lower customer down 43
Slide 11: Strategy Outlook
Strategy Click to add&title Outlook Dr. Suzanne Thoma | Executive Chairwoman Midyear results 2026 presentation, 28.7.2026 11
Slide 12: Chemtech: accelerated transition
Chemtech: accelerated transition Addressing challenging market conditions for new technologies Cost measures launched in H2 2025 successfully offsetting impact of lower sales in H1 2026 Further measures taken to reduce cost base significantly Simplified organizational set-up, combined two busi
Slide 13: Sulzer 2028
Sulzer 2028 Organic Growth above average Sulzer Excellence along the of structurally growing markets value chain Midyear results 2026 presentation, 28.7.2026 13
Slide 14: Emerging additional growth areas in Energy, Water and Chemicals
Emerging additional growth areas in Energy, Water and Chemicals Infrastructure needs in emerging countries like Libya, Iraq, Egypt, Guyana and Venezuela Gas turbine boom driven by strong electricity consumption Liquid Natural Gas transport infrastructure Rebuilding and strengthening Middle E
Slide 15: Operational Commercial Supply Chain People
Operational Commercial Supply Chain People Production Order winning Effective and secure Culture, leadership, process, Pricing, supply chains team development Sales effectiveness Example: Example: Example: Example: On time, in Value pricing and Design-to-cost Black & Green Belt specification Order c
Slide 16: Excellence development
Excellence development Convergence of initiatives Midyear results 2026 presentation, 28.7.2026 16
Slide 17: Making traditional energy cleaner and reduce costs
Making traditional energy cleaner and reduce costs New class of high pressure pumps for more efficient exploration of deep water energy fields Photo: RilindH / Getty Images Midyear results 2026 presentation, 28.7.2026 17
Slide 18: Overcoming the plastic waste challenge
Overcoming the plastic waste challenge Alternative to fossile based PET emerging: 100% bio-based, recycling compatible Photo: RilindH / Getty Images Midyear results 2026 presentation, 28.7.2026 18
Slide 19: Capacity extension for gas turbine maintenance
Capacity extension for gas turbine maintenance La Porte, TX services facility for customers’ rotor storage Midyear results 2026 presentation, 28.7.2026 19
Slide 20: Key takeaways
Key takeaways Division Flow and Services growing in challenging environment with improved profitability Chemtech’s core business stabilizing, division impacted by delayed large projects Strengthening Chemtech for return to growth Sales and profitability on track; stronger backend-loaded H2 order int
Slide 21: Confirmed guidance
Confirmed guidance 2026 Outlook Order Intake Sales EBITDA Margin up 1–5% up 2–5% around 16.5% These forward-looking statements are subject to change based on known or unknown risks and various other factors, which could cause the actual results or performance to differ materially from the statements
Slide 22: Q&A session
Q&A session Click to add title Midyear results 2026 presentation, 28.7.2026
Slide 23: Thank you for your attention
Thank you for your attention Midyear results 2026 presentation, 28.7.2026 23
Slide 24: Disclaimer
Disclaimer This presentation may contain forward-looking statements, including but not limited to, projections of financial developments, market activities or future performance of products and solutions, containing risks and uncertainties. These forward-looking statements are subject to change base