Slide 1: Q2 2025 Results
Q2 2025 RESULTS 31 JULY 2025
Slide 2: Disclaimer
DISCLAIMER This document is for information purposes only and does not constitute an offer to sell, exchange or buy, or an invitation to make offers to buy, securities issued by any of the companies mentioned. This financial information has been prepared in accordance with international financial re
Slide 3: On the call today
ON THE CALL TODAY Eloi Planes Jaime Ramírez Xavier Tintoré Executive Chairman CEO CFO 3 |
Slide 4: Key messages
KEY MESSAGES • Strong H1 trading in a dynamic environment, despite FX headwinds, testament to the strength of our business ▪ Sales up 5% with volume growth across all regions ▪ Good gross margin progression, up 60 bps, driven by the Simplification Program ▪ Profit up 21% year-on-year as restructurin
Slide 5: Strong operational performance
STRONG OPERATIONAL PERFORMANCE Evol. Const. FX & YTD financial highlights €M 2024 2025 • Sales up strongly, with positive volume and 25/24 Perimeter price contribution and growth across all Sales 1,171 1,227 4.8% 5.4% regions Adjusted EBITDA 296 314 6.1% 7.3% • Adjusted EBITDA 7% higher YoY, driven
Slide 6: Continued growth in Q2 underpinned by share gains and strong operational execution
CONTINUED GROWTH IN Q2 UNDERPINNED BY SHARE GAINS AND STRONG OPERATIONAL EXECUTION 47 1,227 Const. FX & YoY growth (%) Perimeter Sales by geography Q2 2025 YTD 2025 16 1,171 Southern Europe 1.2% 2.1% 10 Rest of Europe 6.4% 4.9% (18) North America 8.1% 7.7% Rest of the World 10.1% 6.5% Total 5.7% 5.4
Slide 7: Continued growth in commercial pool
CONTINUED GROWTH IN COMMERCIAL POOL Sport & Competition Leisure & Wellness Fountains & Lagoons The renewed Gozo Aquatic Sports Renovation of Caldea’s (Andorra) Floating Fountain Complex in Complex in Malta, with a new Olympic thermal center, transforming the two Shymkent City (Kazakhstan) featuring
Slide 8: Growing sales, adjusted EBITDA and net profit
GROWING SALES, ADJUSTED EBITDA AND NET PROFIT Evol. • Sales up 5% year-on-year, with growth across YTD results €M 2024 % Sales 2025 % Sales 25/24 all regions Sales 1,171 100% 1,227 100% 4.8% • Gross margin improved YoY benefitting from Gross margin 654 55.9% 693 56.5% 5.9% the Simplification Program
Slide 9: Simplification Program on track and delivering
SIMPLIFICATION PROGRAM ON TRACK AND DELIVERING Expected total gross savings €100m Accumulated savings to date €84m • Global procurement savings €68m • Design to Value (DtV) • SKUs rationalization Variable cost €31m • Reducing structure overlaps Fixed cost FY 2023 FY 2024 H1 2025 FY 2025 9 |
Slide 10: Continued deleveraging
CONTINUED DELEVERAGING Cash flow (abridged) and net debt YTD €M 2024 2025 Evol. 25/24 • CF from operating activities reflects Adjusted EBITDA 296 314 18 higher investment in working capital on the back of strong growth on a seasonal Net interest paid (35) (29) 5 business, which we expect to normaliz
Slide 11: Summary
SUMMARY • Strong H1 delivery and positive trading in July New Original Original guidance guidance guidance Guidance for FY 2025 • Confident in our FY 2025 guidance – @1.13 @1.04 @1.13 EURUSD EURUSD EURUSD narrowing the range to reflect strong trading outlook and current FX Sales (€M) 2,160 - 2,220 2
Slide 12: Appendix
APPENDIX
Slide 13: Why Fluidra wins
WHY FLUIDRA WINS Global leader in a structurally attractive industry, with long-term growth underpinned by resilient aftermarket 1 #1 player with unique footprint and broadest product offering. Focus on operational excellence 2 Leaders in customer-centric innovation, connectivity and sustainable poo
Slide 14: Ready for our next phase of development
READY FOR OUR NEXT PHASE OF DEVELOPMENT 2007-2017 2018-2024 Future POST IPO – PRE-MERGER POST MERGER – TODAY NEXT PHASE OF GROWTH • Mostly European focused, with • #1 player worldwide, with • Reinforcing leadership and marginal presence in the US and diversified presence growing in high potential mo
Slide 15: Strategy and enablers to deliver medium-term objectives
STRATEGY AND ENABLERS TO DELIVER MEDIUM-TERM OBJECTIVES Accelerate Foster Enhance growth competitive operational differentiation excellence Culture, talent and Finance Technology, data Ongoing Sustainability organization discipline and Digital transformation roadmap 15 |
Slide 16: Medium-term financial objectives
MEDIUM-TERM FINANCIAL OBJECTIVES Market growth +4% New Build growth Medium-term targets Installed base growth to +6% +8% Annual Avg. Ticket on Equipment +6% sales growth to >25% Adjusted Weather +/-1% EBITDA margin Market share gains +2% ROCE >17% Inorganic growth Additional Fluidra growth 16 |
Slide 17: Sales by geography
SALES BY GEOGRAPHY Const. FX Evol. Constant Q2 €M 2024 % Sales 2025 % Sales Const. FX & 25/24 perimeter Perimeter Southern Europe 210 33% 214 32% 1.9% 1.9% 1.1% 1.2% Rest of Europe 98 15% 109 16% 10.4% 10.1% 6.7% 6.4% North America 261 41% 265 40% 1.3% 8.1% 1.3% 8.1% Rest of the World 74 12% 76 11%
Slide 18: Sales by business unit
SALES BY BUSINESS UNIT Const. FX Evol. Q2 €M 2024 % Sales 2025 % Sales & 25/24 Perimeter Pool & Wellness 633 98% 651 98% 2.9% 5.6% Residential 460 72% 468 71% 1.7% 4.6% Commercial 55 9% 59 9% 8.2% 9.7% Residential Pool Water 91 14% 97 15% 6.4% 9.0% Treatment Fluid Handling 27 4% 27 4% 0.0% 2.5% Irri
Slide 19: Reconciliation of PBT to Adjusted EBITDA
RECONCILIATION OF PBT TO ADJUSTED EBITDA YTD €M 2024 2025 Evol. 25/24 Profit/loss before tax 156 186 19.6% Financial result 35 35 (1.0%) D&A 77 79 2.1% Restructuring, M&A and integration expenses 26 12 (52.9%) Stock based compensation expense 2 2 (20.6%) Adjusted EBITDA 296 314 6.1% 19 |
Slide 20: Reconciliation of profit attributable to the parent to Adjusted EPS
RECONCILIATION OF PROFIT ATTRIBUTABLE TO THE PARENT TO ADJUSTED EPS YTD €M 2024 2025 Evol. 25/24 Profit/loss attributable to the parent 112 136 21.1% Restructuring, M&A and integration expenses 26 12 (52.9%) Stock based compensation expense 2 2 (20.6%) Financial result 35 35 (1.0%) Net interest paid
Slide 21: Net working capital
NET WORKING CAPITAL % LTM % LTM June €M 2024 2025 Evol. 25/24 sales sales Inventories 470 23.1% 483 22.4% 2.9% Trade and other receivables 443 21.7% 451 20.9% 2.0% Trade payables 427 21.0% 400 18.5% (6.4%) Operating net working capital 485 23.8% 535 24.8% 10.2% Dividends, earn-outs & others 107 5.3%
Slide 22: Interim financial position (abridged)
INTERIM FINANCIAL POSITION (ABRIDGED) Assets 06/2024 06/2025 Liabilities 06/2024 06/2025 PPE & rights of use 370 355 Share capital 192 192 Goodwill 1,319 1,270 Share premium 1,149 1,149 Other intangible assets 877 762 Retained earnings and other reserves 235 289 Non-current financial assets 41 7 Int
Slide 23: Alternative performance measures
ALTERNATIVE PERFORMANCE MEASURES Fluidra’s financial statements are prepared according to IFRS and other applicable regulation. The financial information presented in this document also includes Alternative Performance Measures (‘APMs’) prepared according to the group’s reporting model. Please note
Slide 24: Thanks for your attention
Thanks for your attention +34 93 724 39 00 Investor_relations@fluidra.com Avda. Alcalde Barnils 69 - 08174 Sant Cugat (Barcelona) www.fluidra.com