Hunting Plc · LSE:HTG
Hunting — Investor Presentation (April 2026)
29 slides from Hunting's investor presentation, April 2026
Slide 1: Precision Engineering, Strategic Expansion and Operational Delivery
PRECISION ENGINEERING STRATEGIC EXPANSION AND OPERATIONAL DELIVERY HUNTING PLC 2026 CORPORATE PRESENTATION
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you acknowledge and agree to comply with the following restrictions. This document and the accompanying verbal presentation and webcast (together the “Presentation”) have been prepared by Hunt
Slide 3: Investment proposition
Investment proposition Hunting PLC’s investment case is based on technology and precision engineering core competencies, along with a deep knowledge of the global energy and advanced manufacturing industries. Our strategy and expertise will drive long -term growth, providing leverage to deliver our
Slide 4: A diversified product portfolio to leverage energy and non-oil and gas growth
A diversified product portfolio to leverage energy and non - oil and gas growth Oil and gas Non-oil and gas PERFORATING SUBSEA OCTG ADVANCED ENERGY SYSTEMS MANUFACTURING TRANSITION • Market-leading perforating • High performance products • Three key proprietary • Precision engineered • Key offering
Slide 5: Blue chip customer base across multiple critical markets
Blue chip customer base across multiple critical markets 4
Slide 6: Our global locations
O ur global locations Operating sites 25 Distribution centres Hunting global locations HUNTING TITAN 14 NORTH AMERICA SUBSEA TECHNOLOGIES EMEA Year - end employees ASIA PACIFIC JOINT VENTURES HEAD OFFICE 2,246 5
Slide 7: IP to drive innovation and competitiveness
IP to drive innovation and competitiveness • Over 400 patents and trademarks across key technologies and geographies • Strong R&D focus • Market leadership • Competitive edge 6
Slide 8: Hunting 2030 scorecard - delivering and on track
Hunting 2030 scorecard - delivering and on track CMD OBJECTIVE CMD OBJECTIVE CMD OBJECTIVE CMD OBJECTIVE Target c.$2.0bn in revenue by Medium - term EBITDA margin of Deliver $750 in Free Cash Flow Medium - term conversion of 2030 through organic and 15% 2023 - 2030 50% or more acquisitve growth $1.0
Slide 9: Operational and financial highlights
Operational and financial highlights Financial highlights • $64.8m acquisition of Flexible Engineered Solutions in June 2025 to Revenue Free Cash Flow build out subsea offering. • $18.2m purchase of Organic Oil Recovery technology in March 2025 to $ 1,018.8 m $ 96.6 m (2024 – $1,048.9m) (2024 – $139
Slide 10: Product group review OCTG Subsea
Product group review OCTG • KOC 1.0 and 2.0 orders continued in the year supporting global sales growth, Global growth contributing to the lower year -end order book. driven by leading • North America market share gains driven by TEC -LOCK semi-premium premium connection offering. connection • Well
Slide 11: Product group review Perforating Systems
Product group review Perforating • Restructuring and focus on efficiencies delivered strong increase in EBITDA in the Systems year. Technology to • International market growth anticipated out to 2028 -29 driven by South America drive completion and Middle East markets. efficiency • Market share gain
Slide 12: Product group review Other Manufacturing FES
Product group review Other Manufacturing • Restructuring and focus on efficiencies delivered strong increase in EBITDA in the Capabilities to support year. a changing industry • International market growth anticipated out to 2028 -29 driven by South America and Middle East markets. • Market share ga
Slide 13: Earnings and profitability growth delivered in the year
Earnings and profitability growth delivered in the year Adjusted Group Income Statement* 2025 2024 $m margin $m margin Revenue from oil and gas 935.9 ) 973.8 ) Revenue from non -oil and gas 82.9 ) 75.1 ) Revenue 1,018.8 ) 1,048.9 ) Gross profit 279.8 ) 27% 271.9 ) 26% EBITDA* 135.7 ) 13% 126.3 ) 12%
Slide 14: Strong balance sheet
Strong balance sheet Group Balance Sheet 31 December 2025 31 December 2024 Working capital to revenue -% $m $m Property, plant and equipment 250.9 ) 252.8 ) 35 % 33 % Right -of-use assets 28.9 ) 28.3 ) Goodwill and other intangible assets 165.7 ) 84.5 ) 29% Associates and joint ventures 12.7 ) 9.2 )
Slide 15: Working capital improvements assisting cash generation
Working capital improvements assisting cash generation Cash conversion cycle (CCC) trend • Net inventory balance reduced by $65.8m during the year and a focus on reducing 410 80% quantum of trade payables and receivables. 75% 360 • Working capital to sales now c.33%, down 70% from 75% in 2020. 310 6
Slide 16: $62.9m of cash after $145m outflows for acquisitions and shareholder returns
$62.9m of cash after $145m outflows for acquisitions and shareholder returns $ million Total cash and bank / (borrowings) 350 300 7.4 18.0 250 135.7 (30.7) (18.0) 201.3 200 (9.7) (6.1) 150 (73.1) 104.7 100 (33.9) (19.1) 5.9 62.9 50 (18.2) 0 15
Slide 17: April order book providing visibility for 2026 and beyond
April order book providing visibility for 2026 and beyond Order book by product group – c.$ 428.8 m 23.3 79.6 33.6 182.9 • Tender pipeline remains at c.$1.0bn including OCTG, AMG and Subsea. • Subsea order book increasing as offshore projects accelerate. • Non-oil and gas opportunities accelerating.
Slide 18: Strategic steps to deliver 2030 target EBITDA
Strategic steps to deliver 2030 target EBITDA Areas identified to achieve EBITDA ambition Non -Oil and Gas International growth with Titan Subsea bundling 2026 target EBITDA OCTG 2025 EBITDA New Technology 17
Slide 19: New Technology – driving new sales opportunities
New Technology – driving new sales opportunities Subsea OCTG Well Intervention Perforating Systems FIS Premium connection Opti-TEK Ballistic Release Gyroscopic Orientation technology Tubing Cutter Tool Tool FAM Opti-TEK Data Stem SEAL -LOCK and We are WEDGE -LOCK continuously expanding our product l
Slide 20: International sales opportunities driving revenue growth
International sales opportunities driving revenue growth Hunting Titan – International sales profile 2020 - 2027e ($m) 40.0e 30.0e 22.8 18.5 14.2 10.6 8.0 20 20 2026 2027 2025 2021 2022 2023 2024 3.7 Source: Company Argentina - $m Saudi Arabia - $m Source: Company 19
Slide 21: Non-Oil and Gas – potential to more than double current sales
Non - Oil and Gas – potential to more than double current sales Additional $100m of sales identified within current core competencies • $25m of short -term • P&W engine shaft • Rotor shafts for • Power generation • $8m of nuclear orders opportunities identified work continuing to Sikorsky continue t
Slide 22: Subsea bundling – multiple opportunities being captured from current portfolio
Su bsea bundling – multiple opportunities being captured from current portfolio Existing projects New projects Spring / FES: Sakarya, Tiber, Longtail, Venus, Geng N FES: Hammerhead New geographies New solutions Indonesia, Angola OOR with ExxonMobil and Brava 21
Slide 23: Q1 2026 trading update
Q1 2026 trading update “Hunting has delivered a solid Q1 performance and we are maintaining our full -year EBITDA guidance of $145 -$155 million given the strong outlook for our end markets. We remain vigilant regarding Middle East volatility, with our people remaining safe and our facilities fully
Slide 24: 2026 Guidance remains unchanged
2026 Guidance remains unchanged EBITDA $ 145 m - $ 155 m EBITDA margin c. 13 % - 14 % Effective tax rate 25% - 28% Capex $ 40 m - $ 50 m Free cash flow conversion (post - capex) c. 50 % 23
Slide 25: ESG and Sustainability
ESG and Sustainability 2 6,142 50 % ESG Ethics and Sustainability meetings in 2025 Scope 1 emissions of the Board are women Scores (2024 – 3,630 tonnes CO (6 March 2025 – 50%) (2024 – 2) 2 e) 1Contractor f atality in 2025 20.4 (2024 – zero) 23 % 19 Recordable incidents of entire workforce are women
Slide 26: ESG and Sustainability
ESG and Sustainability Skilled employees driving quality and HSE – Manufacturing reject rate Renewable energy purchases - % of total electricity purchased 0.35% 60% 0.30% 50% 0.31% 0.25% 50% 40% 0.20% 0.20% 0.20% 30% 0.15% 20% 26% 0.10% 0.13% 23% 21% 20% 10% 16% 0.05% 12% 0% 4% 0.00% 2022 2023 2024
Slide 27: Board of Directors
Board of Directors Stuart M. Brightman Jim Johnson Bruce Ferguson Margaret Amos Non -executive Company Chair Chief Executive Finance Director Non -executive Director Chair of Nomination Committee Chair of Ethics and Sustainability Committee Carol Chesney Paula Harris Cathy Krajicek Keith Lough Non -
Slide 28: Summary
Summary • 2025 strong delivery of Hunting 2030 milestones - acquisitions completed, financial results improved. • EBITDA margins approaching 15% - underperforming businesses addressed and positioned for growth. • Revised capital allocations - $190m of dividends projected now to 2030. • $100m of shar
Slide 29: www.huntingplc.com https://www.linkedin.com/company/hunting -energy -services/ https://www.youtube.com/@HuntingPLC
www.huntingplc.com https://www.linkedin.com/company/hunting -energy -services/ lon.agm@hunting -intl.com https://www.youtube.com/@HuntingPLC