Sfs Group Ag · SIX:SFSN
Sfs — FY2025 Earnings Presentation
43 slides from Sfs's earnings presentation, Mar 6, 2026
Slide 1: Presentation of Annual Report 2025
Presentation of Annual Report 2025 Zurich | March 6, 2026
Slide 2: Today's speakers
Today’s speakers Welcome! Jens Breu, Chief Executive Officer Volker Dostmann, Chief Financial Officer Presentation of Annual Report 2025 | March 6, 2026 | Public 2
Slide 3: Agenda
Agenda 01 Positioning Jens Breu 10.30 a.m. 02 Key takeaways Jens Breu 03 Key financials Volker Dostmann 04 Segment development Jens Breu 05 Outlook 2026 Jens Breu 06 Q&A Lunch 12.00 p.m. Presentation of Annual Report 2025 | March 6, 2026 | Public 3
Slide 4: Positioning
Positioning Presentation of Annual Report 2025 | March 6, 2026 | Public 4
Slide 5: Mission-critical products for selected end markets
Mission-critical products for selected end markets We are by your side – 24/7 Presentation of Annual Report 2025 | March 6, 2026 | Public 5
Slide 6: Inventing success together
Inventing success together Driving innovation with Value Engineering Value Engineering… in three segments… by Value Creators Engineered Components Fastening Distribution & Systems Logistics Brand. Logo.L Presentation of Annual Report 2025 | March 6, 2026 | Public 6 ogo
Slide 7: Value Proposition
Value Proposition Conventional compared to our innovative solution Insulation pin fixation with brackets Optimizing the product Re-engineered hybrid insulation pin fixation with bolts • Reduction in weight and operating cost • Reduced costs in procurement and supplier management • Ease of installati
Slide 8: Success Story – Engineered Components
Success Story – Engineered Components Focus on performance and sustainable solutions Added value • From customer idea to first flight in 16 months • High level of expertise in complex solutions, plastics and metal processing • Refurbishment of existing cabins for sustainable end customer solution Co
Slide 9: Engineered Components
Engineered Components Invisible but essential Most innovative and best-selling products Cabin assemblies Assembled solutions Injection molding Aerospace fasteners Presentation of Annual Report 2025 | March 6, 2026 | Public 9
Slide 10: Fastening Systems
Fastening Systems Product, process and digitization solution example Tool Fastener Calculation software Presentation of Annual Report 2025 | March 6, 2026 | Public 10
Slide 11: Value Proposition
Value Proposition Conventional compared to our innovative solution Counter with handout Improving the process by specific employee Immediate and direct access for all employees 24/7 • Innovative issuing system • Quick and secure • Individual configuration • Payback time <5 years based on average cos
Slide 12: Distribution & Logistics
Distribution & Logistics Product, process and digitization expertise Smart tool storage Tool consumables Cost improvement • Higher availability of tools and consumables • Reduction of inventory • Inventory control and data for further optimization Presentation of Annual Report 2025 | March 6, 2026 |
Slide 13: Organization since January 1, 2026
Organization since January 1, 2026 SFS Group Presentation of Annual Report 2025 | March 6, 2026 | Public 13
Slide 14: Key takeaways
Key takeaways Presentation of Annual Report 2025 | March 6, 2026 | Public 14
Slide 15: 2025 at a glance
2025 at a glance Resilience in turbulent times • The year 2025 proved to be another intense year against the backdrop of an adverse market environment • SFS realized solid results thanks to its broad positioning across different end markets and regions • Program to streamline the global production a
Slide 16: Key takeaways
Key takeaways Consistent progress Total growth of 0.6%, organic growth of 2.9% Growth in Electronics as key driver for the year Sales in CHF million Sales by end market in CHF million Presentation of Annual Report 2025 | March 6, 2026 | Public 16
Slide 17: Key takeaways | Environment
Key takeaways | Environment Interim targets exceeded Emissions (Scope 1+2) reduced by –77.1% vs. 2020 81.5% of total electricity demand from renewable sources CO2 emissions in metric tons/net sales Share of renewable electricity in total electricity demand in % Presentation of Annual Report 2025 | M
Slide 18: Key takeaways | Social
Key takeaways | Social Dual education secured, progress in accident rate Training and development targets successfully confirmed Accident rate significantly improved Number of employees in education and training programs in % Number of accidents/million hours worked Target range Presentation of Annu
Slide 19: Key financials
Key financials Presentation of Annual Report 2025 | March 6, 2026 | Public 19
Slide 20: Sales bridge
Sales bridge Organic growth in EC and D&L, negative FX effect overall Organic 20251 20251 in CHF million growth CHF million % +0.6% –2.9% 3,160 18.0 –87.9 +2.9% EC segment 65.1 5.8 3,140 87.5 FS segment –9.6 –1.6 3,120 D&L segment 32.0 2.4 3,100 3,080 +0.6% • EC segment with positive development 3,0
Slide 21: Sales breakdown by end market and region
Sales breakdown by end market and region Pleasing trend in Asia and North America 100% 100% 8.7% 11.2% 12.5% 12.3% 12.6% 11.7% 11.6% 11.1% 13.6% 18.8% 7.2% 5.6% 5.7% 6.2% 5.9% 80% 11.5% 80% 16.3% 17.1% 17.8% 18.5% 22.7% 21.8% 27.4% 27.2% 27.0% 19.9% 60% 60% 15.8% 12.8% 13.1% 13.8% 51.4% 59.0% 57.8%
Slide 22: Operating profitability
Operating profitability Adjusted EBIT % target range – significant pickup in 2HY • Positive trend in EC and D&L segment in CHF million in % of net sales • PEX quota lowered (–0.5 pt) oOPEX (–0.4 pt) 1,000 25 strengthen adj. EBIT 900 21.3% • Cost measures are starting to pay off 800 20 17.2% 17.9% •
Slide 23: Progress of the program
Progress of the program Secure profitability & strengthen focus on core activities CHF 110m CHF 75m +0.8 pp 650 FTE Sales reduction expected One-off costs EBIT margin effect Jobs affected 2025: ~20% materialized 2025: >60% implemented 2025: minor effect recorded 2025: ~50% accounted Presentation of
Slide 24: Affected sites and time planning
Affected sites and time planning Streamlining production and distribution network Brunn am Gebirge (Austria): closure in 2025 Olpe (Germany): closure in 2025 Malaysia & Singapore: Asia-Pacific organization of Hoffmann moved to distribution partners in 2025 Mocksville (USA): cutoff production in 2025
Slide 25: Earnings per share (EPS)
Earnings per share (EPS) EPS decrease due to high one-time costs EPS impacted by EPS in CHF • CHF –25.9 million lower nominal EBIT 12 2.5 Impact –0.67 on EPS 11 2.50 2.50 2.50 2.50 • CHF –0.9 million negative financial income whereof 2.00 10 1.90 2.20 Impact –0.02 on EPS 1.80 1.80 2.0 9 • CHF +4.1 m
Slide 26: Payout ratio
Payout ratio CHF 2.50 dividend payout • BoD will propose a payout per share: CHF 2.50 Payout ratio in % Payout per share in CHF 50% 4.5 • Thereof CHF 2.00 out of retained earnings 44.4% • Thereof CHF 0.50 out of capital reserves 4.0 40.3% 40% 36.4% 36.5% 3.5 • Dividend yield ~2.3% (at share price CH
Slide 27: Net working capital
Net working capital Focus on delivery readiness • NWC simplified remains at previous year’s level NWC simplified* in % of net sales C2C simplified in days • Ambition to maintain good delivery service 35% 150 29.9% • Aim to improve incrementally in currently volatile 30% 28.1% 28.0% environment 27.2%
Slide 28: Capital expenditure
Capital expenditure Investing – focus on defined areas of growth CAPEX spending 2025 2024 in CHF million in % of net sales by segment % % 400 7% EC 70 71 6.4% 6.2% FS 12 13 350 5.7% 6% D&L 14 10 5.6% 4.9% 300 5% 4.1% • CAPEX below target range of 4–6% of net sales 250 4.7% 4.3% 4.3% 4% 3.4% • Substa
Slide 29: Operating free cash flow (OFCF)
Operating free cash flow (OFCF) Strong cash conversion as a cornerstone of performance in CHF million 2025 2024 in CHF million in % of EBITDA CF before changes in NWC 381 378 420 70% 64.0% Changes in NWC –4 –3 58.6% 377 375 360 60% Cash flow from operations 53.2% CAPEX –104 –149 49.9% 47.1% 300 50%
Slide 30: Balance sheet ratios
Balance sheet ratios Equity ratio back in target range Important factor for net debt development Equity ratio in % CHF million net cash/debt • Improved generation of operating free cash flow 90% 600 • Streamlining of cash pooling and FX management 78.9% 80% 400 First bond of CHF 250 million settled
Slide 31: Return on capital
Return on capital ROCE above prior year Bridge ROCE to ROIC in % of net sales • Impact from goodwill and net cash: –8.1% 30% • Impact from tax effects: –3.7% 26.1% 24.4%* 25% 20.4% 21.1% 19.4% 20% 15% 11.2% ROCE = Adjusted EBIT ROIC = Adjusted EBIT −Tax Rate 17.5% 9.7%* 8.9% 9.3% ∅ Capital Employed
Slide 32: Effective tax rate
Effective tax rate Stabilization at higher level One-time effects Effective tax rate in % • Closure in CZ has led to elimination of DTA, no future 30% off set of losses against profit possible 25.6% 26.5% 25% 23.8% Local effects (recurring) • New tax elements introduced in DE, FR, IT and HU 17.8% 19
Slide 33: KPI summary
KPI summary Sustainable results in CHF million 2025 % 2024 % +/– PY Sales 3,056.6 3,039.0 Net sales 3,045.4 3,031.1 EBITDA Margin 466.6 15.3 479.8 15.8 –50 bps EBIT Margin 324.3 10.6 350.2 11.6 –100 bps EBIT adj. Margin adj. 371.0 12.2 350.2 11.6 +60 bps Net income Ratio 220.2 7.2 242.7 8.0 –80 bps
Slide 34: Segment development
Segment development Presentation of Annual Report 2025 | March 6, 2026 | Public 34
Slide 35: Headlines Engineered Components (EC) segment
Headlines Engineered Components (EC) segment Positive development • Good growth in sales and profitability, contributed from several end markets and application areas • Electronics division driven by stamped components for Mobile Devices and components in nearline HDD • Aerospace delivered a highly
Slide 36: Headlines Fastening Systems (FS) segment
Headlines Fastening Systems (FS) segment Impacted by economic environment • Slightly negative sales development and weakening currencies reducing operating profit in sluggish market environment • North American construction industry proving more dynamic than its European counterpart • Regionally col
Slide 37: Headlines Distribution & Logistics (D&L) segment
Headlines Distribution & Logistics (D&L) segment Subdued market momentum • Solid results in challenging environment thanks to prudent cost management, onboarding of partners and comprehensive range of products and services • Planned acquisition of three partner companies Gödde GmbH, Oltrogge Werkzeu
Slide 38: Outlook 2026
Outlook 2026 Presentation of Annual Report 2025 | March 6, 2026 | Public 38
Slide 39: Guidance 2026
Guidance 2026 Confirm mid-term guidance 2025A 2026G (CHF) Sales 3,056.6 million +3–6%* *(growth in local currencies, incl. scope effects) Adjusted EBIT margin 12.2% 12–15% Presentation of Annual Report 2025 | March 6, 2026 | Public 39
Slide 40: Strategic priorities
Strategic priorities Focusing on our main strengths and chances Strategy Mega- Local-for- Focus on Solid execution trends local technology financing Build fit-for-purpose Understand and monitor Ensure balanced em- Accelerate progress in Maintain strict operational global manufacturing megatrends, an
Slide 41: Q&A
Q&A Presentation of Annual Report 2025 | March 6, 2026 | Public 41
Slide 42: IR Events 2026
Agenda IR Events 2026 Annual General Meeting Wednesday, April 22, 2026 Publication of Half-Year Report 2026 Thursday, July 23, 2026 Investor Day in Heerbrugg (Switzerland) Thursday, September 17, 2026 IR Contact: investor.relations@sfs.com Presentation of Annual Report 2025 | March 6, 2026 | Public
Slide 43: Inventing success together
Inventing success together