Slide 1: 2025 Interim Results
A global leader in fluid and motion control 2025 Interim Results Roy Twite – Chief Executive Officer Luke Grant – Chief Financial Officer Daniel Shook
Slide 2: Cautionary statement
Cautionary statement By attending (whether in person, by telephone or webcast) this presentation or by reading the presentation slides, you agree to be bound by the limitations and conditions set out in this Cautionary statement. This presentation is for your information only and contains forward-lo
Slide 3: 2025 Interim Results
A global leader in fluid and motion control 2025 Interim Results Roy Twite – Chief Executive Officer Luke Grant – Chief Financial Officer Daniel Shook
Slide 4: Continued strategic progress
Continued strategic progress • 2% organic sales growth, 5% organic operating profit growth, operating margin up 30bps • £64m of Growth Hub orders, up 23% • £200m share buyback completed, interim dividend increased by 10% • Strategic review of Transport progressing • Strong momentum heading into seco
Slide 5: Business Review
Business Review Daniel Shook 5
Slide 6: Good first half performance
Good first half performance Revenue Adjusted operating profit Adjusted operating margin £1,091m +2% organic £198m +5% organic 18.2% +30bps 2024 H1: £1,098m 2024 H1: £196m 2024 H1: 17.9% Adjusted basic EPS Cash conversion Interim dividend per share 56.1p +3% 80% +10% 2024 H1: 54.7p 2024 H1: 66% 2025
Slide 7: Delivering organic revenue and profit growth
Delivering organic revenue and profit growth Revenue (£m) Adjusted operating profit (£m) +2% organic growth +5% organic growth 18.2% 17.9% (24) 9 (6) 18 1,098 198 (1) 1,091 196 (1) H1 2024 FX Acquisitions / Organic H1 2025 H1 2024 FX Acquisitions / Organic H1 2025 Disposals* Disposals* 7 * Acquisiti
Slide 8: Continued organic growth and margin improvement
Continued organic growth and margin improvement £m 2025 H1 2024 H1 Growth Organic1 Revenue 1,091 1,098 -1% +2% • Organic revenue growth of 2%, strong recovery from cyber incident Adjusted operating costs (892.9) (901.9) Adjusted operating profit 198.1 196.1 +1% +5% • Organic adjusted operating profi
Slide 9: First half performance in line with expectations
First half performance in line with expectations Automation Revenue 2025 H1 2024 H1 Growth Organic* Process Automation £446m £422m +6% +8% • Excellent performance in Process Industrial Automation £245m £262m -6% -4% Automation, order book up 5% and Total Revenue £691m £684m +1% +3% Aftermarket organ
Slide 10: Continued cash delivery
Continued cash delivery £m 2025 H1 2024 H1 Adjusted EBITDA 242 243 • Adjusted operating cash flow 21% higher Inventory (13) (50) Debtors (32) (63) • Improvement in inventory days Creditors 3 50 • Debtors increased in line with growth Working capital (42) (63) Capital expenditure (34) (41) • Capital
Slide 11: Outlook
Outlook Luke Grant – Chief Financial Officer 11
Slide 12: Over £1 billion of free cash flow expected over the next three years
Over £1 billion of free cash flow expected over the next three years Our Priorities Annual free cash flow generated (£m) 1,000+ Organic growth R&D, Growth Hub, Capex 263 M&A 234 Bolt-on acquisitions 158 Returned to shareholders Dividends and share buybacks 2022 2023 2024 2025 2026 2027 Disciplined a
Slide 13: Full year guidance reconfirmed
Full year guidance reconfirmed • Strong momentum heading into the second half • On track to deliver our fourth consecutive year of mid-single digit organic revenue growth in 2025 • 2025 full year adjusted basic EPS is expected to be between 129p – 136p ◦ Adjusted operating margin forecast at around
Slide 14: Strategy update
Strategy update Roy Twite – Chief Executive Officer 14
Slide 15: Our right to win
Our right to win Compelling value proposition Enduring growth themes Automation Global leader in fluid and motion control Bespoke, high-performance solutions Energy efficiency Mission critical to end customer outcomes Significant high-margin aftermarket exposure Healthcare demand Underpinned by One
Slide 16: One IMI operating model delivering step change in performance
One IMI operating model delivering step change in performance Commercial excellence Market-led innovation Continuous improvement £149m Net Promoter Scores Adjusted operating margin £89m 2019 H1 2025 £52m 2019 2024 £23m c. 10 50+ £7m 14.2% 19.7% 2020 2021 2022 2023 2024 Good Excellent Growth Hub orde
Slide 17: One IMI in action - delivering real-world impact
One IMI in action - delivering real-world impact Commercial excellence Market-led innovation Continuous improvement Data and digital accelerating New smart-connected products 3D plant simulation aftermarket growth Mapping our installed base Neo-K electronic TRV1 launched in H1 Digital twin of our Ro
Slide 18: Performance culture driving productivity improvements
Performance culture driving productivity improvements Key drivers Value added per employee (£k)1 Performance-driven mindset +24% Ownership, accountability, customer focus 96.5 94.6 86.8 Investment 83.1 83.5 Targeted development at every level 77.9 Continuous improvement Operational excellence, Kaize
Slide 19: Executing our strategy to deliver our financial framework
Executing our strategy to deliver our financial framework Medium-term targets STRUCTURAL STRONG CASH-BACKED PREMIUM GROWTH MARGINS EARNINGS RETURNS 5% 20%+ 90%+ 12%+ Organic Operating margin conversion ROIC COMPOUNDING EPS GROWTH Enduring megatrends Strong pricing power £1bn+ free cash flow over nex
Slide 20: A track record of compounding growth
A track record of compounding growth Adjusted EPS (pence) Guidance: +11% CAGR 129 - 136 2019-2024 122.5 116.8 105.5 92.0 79.7 73.2 Growth Strategy launched 2019 2020 2021 2022 2023 2024 2025* *Midpoint of 2025 guidance range 20
Slide 21: Key messages
Key messages Growth strategy continues to deliver results On track to deliver fourth consecutive year of mid-single digit organic revenue growth Full year guidance reconfirmed 21
Slide 22: Q&EA
Q&EA Omi
Slide 23: Appendices
Appendices 23
Slide 24: Foreign exchange
Foreign exchange 2025 H1 2024 H1 Change Ready reckoner for translation impact of Average rates movement in FX rates on 2025 FY Euro 1.19 1.17 2% performance US Dollar 1.30 1.26 3% Sensitivity to +/- Adjusted Jun 2025 Jun 2024 Change Revenue 1 cent move in: operating profit Closing rates Euro +/- £7.