Slide 1: 2025 Half Year Results
2025 HALF YEAR RESULTS Delivering on strategy, strong results in line with expectations 4 August 2025
Slide 2: Agenda
Agenda Introduction David Squires CEO H1 2025 Half Year Alpna Amar CFO Results Markets David Squires CEO Strategy & Outlook David Squires CEO Cautionary Statement This document has been prepared solely to provide additional information to enable shareholders to assess the Group’s strategy and busine
Slide 3: H1 2025 highlights
Agreed sale of Aerostructures with completion expected by end FY25 Net proceeds to reduce net debt and fund a £40m share buyback programme Strong trading performance from continuing operations – Revenue up 5%(1) and adjusted operating profit up 14%(1) driven by improved performance H1 2025 – in Aero
Slide 4: H1 2025 Results
H1 2025 RESULTS Continuing operations Senior plc 2025 Half Year Results Senior plc – Experts in fluid conveyance and thermal management
Slide 5: Financial Highlights (Continuing operations)
Financial Highlights (Continuing operations) Strong results in line with expectations Revenue Adjusted operating profit Adjusted operating margin Adjusted profit before tax £371.2m +5%(1) £31.2m +14%(1) 8.4% +60 bps £25.3m +13%(1) H1 2024: £361.7m H1 2024: £28.3m H1 2024: 7.8% H1 2024: £23.0m Adjust
Slide 6: Financial Results (Continuing operations)
Financial Results (Continuing operations) Delivered strong trading performance, with increased revenue and profitability Continuing Operations Constant H1 2025 H1 2024 Change Senior (excluding Aerostructures) currency Revenue growth of 3% and adjusted operating Revenue £371.2m £361.7m +3% +5% profit
Slide 7: Financial Results (Continuing and discontinued operations)
Financial Results (Continuing and discontinued operations) From continuing and Constant H1 2025 H1 2024 Change Revenue growth of 4% discontinued operations currency Senior (including Aerostructures) Adjusted operating profit up 26% Revenue £519.4m £501.4m +4% +5% Adjusted operating profit £31.7m £25
Slide 8: H1 2025 Revenue (Continuing operations)
H1 2025 Revenue (Continuing operations) Group revenue increased 3% 5% £m at constant currency 371.2 3.6 0.3 Group revenue increased 5% at constant 14.1 361.7 (8.5) currency – Aerospace: 7.2% increase driven by $1.30 (H1 24: $1.26) improved pricing and higher defence and adjacent market volume – Flex
Slide 9: H1 2025 Adjusted operating profit
H1 2025 Adjusted operating profit (Continuing operations) Adjusted operating profit(1) increased 10.2% Adjusted operating profit increased 10% 14% (14% at constant currency) £m at constant currency 1.1 (0.9) Adjusted operating margin increased by 60bps 1.1 31.2 to 8.4% 2.5 – Aerospace: improved pric
Slide 10: Divisional performance
Divisional performance (Continuing operations) Aerospace Strong first half results with adjusted operating margin improvement – Book to bill 1.05 £m (constant currency) H1 2025 H1 2024 Change – Revenue increased 7% Aerospace(1) – Adj operating margin increased by 50 Book to bill 1.05 1.03 bps to 10.
Slide 11: Adjusted and reported profit
Adjusted and reported profit (Continuing operations) Reported profit for the period increased 35% to £21m Adjusted operating profit increased by 10.2% to £m H1 25 H1 24 £31.2m Adjusted operating profit 31.2 28.3 Net finance costs – Finance costs: £(5.9)m Net finance costs (5.9) (5.5) (1.1) (0.8) – T
Slide 12: Cash flow generation (Continuing operations)
Cash flow generation (Continuing operations) Free cash flow increased 43% to £10.6m £m Inventory £(9.4)m (13.3) Receivables £(15.7)m 2.8 Payables & other £11.8m 14.0 (13.7) 31.2 (0.3) (6.5) 20.7 (3.6) 10.6 HY 2025 Adjusted Depreciation and Other Items (2) Change in Working Net Capital Pension Contri
Slide 13: Net debt including IFRS 16 leases
Net debt including IFRS 16 leases (Continuing and discontinued operations) £m ( 1.6 ) 1.0 ( 6.8 ) 3.5 ( 235.0 ) ( 12.1 ) ( 229.6 ) 10.6 (1) 31 Dec 24 FCF continuing FCF discontinued Dividends Share purchases Dividends from JV Net other items 30 Jun 25 (1) Net other items includes £13.9m FX gains par
Slide 14: Financing arrangements
Financing arrangements (Continuing and discontinued operations) Robust balance sheet with leverage of 1.9x at 30 June 2025 Net debt of £162m excl. £73m of IFRS 16 leases £350m Fixed rate Net debt to EBITDA: 1.9x at 30 June 2025 Profile of committed credit facilities Floating rate £300m Committed bor
Slide 15: Capital allocation
Capital allocation Capital deployment to enhance returns Capital allocation Objective How Invest 2% to 3% of revenue into R&D, Organic growth Outgrow end markets, improve cost efficiency Capex / depreciation of 1.1x Dividends Continue progressive dividend policy Maintain earnings cover of 2.5x to 3.
Slide 16: Markets
MARKETS Senior plc 2025 Half Year Results Senior plc – Experts in fluid conveyance and thermal management
Slide 17: Attractive end market exposure
Attractive end market exposure Structurally resilient growth markets 43% Flexonics Division Power & Energy Aerospace & Defence Aerospace Division 57% 16% (17%) 48% (47%) (44%) (56%) cs ni xo 66% (68%) Fle Commercial aircraft and business jets H1 2025 Continuing operations Land Vehicle 27% (27%) 34%
Slide 18: Aerospace markets
Aerospace markets Good growth anticipated in both civil and defence markets Senior supplies to the large commercial, regional, business jet, defence and space segments Civil Aerospace (32% of revenue) Civil aerospace experienced yoy growth in H1 25 Global RPK, billions – RPKs(1) increased by 5% yoy
Slide 19: Flexonics markets
Flexonics markets Senior outperforming end markets Truck & Off-Highway (19% of revenue) Passenger Vehicles (8% of revenue) Senior continues to outperform markets in land North America & Europe (incl. UK) Class 8 Heavy Duty Truck Production (‘000) Europe (incl. UK), N. America and India Passenger Veh
Slide 20: Strategy Update & Outlook
STRATEGY UPDATE & OUTLOOK Senior plc 2025 Half Year Results Senior plc – Experts in fluid conveyance and thermal management
Slide 21: Sale of Aerostructures: Use of proceeds
Sale of Aerostructures Delivering on strategy £m Aerostructures business being sold to Enterprise Value £200m Sullivan Street Partners Initial consideration £150m Total Enterprise Value of up to £200m, Cash and debt adjustments c.£(50)m representing 13.1x 2024 EBITDA Equity Value(1) c.£100m Plus ear
Slide 22: Investment proposition
Investment proposition A differentiated Senior with strong fundamentals Strong operational cash flow conversion, Differentiated products, combined with supporting investment in growth and design-rich IP and expert know-how shareholder returns Market leading pure play fluid conveyance and thermal man
Slide 23: Through cycle revenue growth
Through cycle revenue growth Aim to outgrow end markets by 50% through the cycle with market share gains and new product introductions & innovation Expectation of mid-single digit organic revenue growth through the cycle Aerospace & Defence Land Vehicles Power & Energy Market growth rate of 3-4% Mar
Slide 24: Medium-term targets
Strategy to deliver enhanced shareholder value underpinned by new medium-term financial targets: Achieve at least double-digit (%) margins in the medium term Operating Aerospace adjusted operating margins: at least mid-teens (%) in the profit margins medium term Medium-term Flexonics adjusted operat
Slide 25: Outlook
– Sales and profitability in Aerospace have grown with good performance in the first half of the year. Our outlook for the full year is unchanged. – Flexonics delivered a strong set of results in H1, outperforming end markets. For the full year, we continue to expect performance to be broadly simila
Slide 26: Any Questions?
ANY QUESTIONS? Senior plc 2025 Half Year Results Senior plc – Experts in fluid conveyance and thermal management
Slide 27: Appendices
APPENDICES 7 Senior plc 2025 Half Year Results Senior plc – Experts in fluid conveyance and thermal management
Slide 28: Purpose
Purpose We help engineer the transition to a sustainable world for the benefit of all our stakeholders. We do this by… Technology Customer Climate expertise transition action Using our technology expertise in fluid Enabling our customers, who operate in Staying at the forefront of climate disclosure
Slide 29: Breadth of product portfolio
Breadth of product portfolio Standard Parts Bespoke components Aerospace high pressure hydraulic Lightweight compressor for aerospace Squeeze duct for X-59 EGR cooler fluid fitting applications Aerospace flanges Exhaust flex for Heavy Trucks Medical tool for open heart surgery Senior plc – Experts i
Slide 30: Breadth of product portfolio
Breadth of product portfolio Sub-system assemblies System design T-duct for bleed air systems in Low-pressure ducting systems for High-pressure ducting system for Expansion joint used in oil-refinery commercial aircraft rotorcraft commercial aircraft Typical wing duct products High Pressure / Bleed
Slide 31: Our locations
Our locations Global footprint operating in primary home markets and cost competitive locations H1 2025 split Sales Employees N. America 61% 2,315 UK 16% 1,170 Rest of Europe 20% 1,088 Rest of World 3% 533 Flexonics: 11 operating businesses & JV Aerospace: 7 operating businesses North America Califo
Slide 32: Our customers (continuing operations)
Our customers (continuing operations) Airbus 9% (7%) Industrial 16% (17%) RTX 4% (4%) Safran 4% (4%) Lockheed 4% (3%) Boeing 3% (3%) Other LV 14% (10%) H1 2025 Bombardier 2% (3%) Continuing operations Daimler Truck 3% (4%) Caterpillar 4% (5%) Other 31% (32%) Cummins 6% (8%) Aerospace (light blue sha
Slide 33: Our product categories (continuing operations)
Our product categories (continuing operations) Differentiated products with rich IP & expert know how Other Power & Energy High pressure ducting 2% (5%) 22% (21%) Industrial process control 14% (13%) Fluid control Other LV components H1 2025 15% (14%) 9% (10%) Continuing Operations Low-pressure duct
Slide 34: Cash flow generation
Cash flow generation Continuing and discontinued operations Change in Net Debt Inventory £(15.2)m 2.5 (30.0) Receivables £(19.6)m £m 25.2 Payables & other £4.8m Net cash outflow (13.2) Lease liabilities – additions and (6.1) modifications Exchange variations 13.9 31.7 Net debt – opening (229.6) (19.
Slide 35: Balance sheet (continuing operations)
Balance sheet (continuing operations) £m June 2025 Dec 2024 June 2024 Goodwill and other intangible assets 186.0 227.5 226.2 Investment in JV 3.7 3.3 4.2 Property, plant and equipment 160.0 292.1 284.0 Other long-term assets 27.7 27.9 24.4 Non current assets, before retirement benefits 377.4 550.8 5
Slide 36: Usage of credit facilities – June 2025
Usage of credit facilities – June 2025 (Continuing and discontinued operations) Interest Facility Usage Usage by Currency % £m £m £ $ € Other US Private placements: $25.0m (Feb 2030) 6.26% 18.2 18.2 - 18.2 - - $25.0m (Feb 2030) 6.26% 18.2 18.2 18.2 - - - $40.0m (Feb 2029) 5.46% 29.2 29.2 29.2 $30.0m
Slide 37: Aerospace
AEROSPACE Senior plc 2025 Half Year Results Senior plc – Experts in fluid conveyance and thermal management
Slide 38: Aerospace platforms (Continuing operations)
Aerospace platforms (Continuing operations) Embedded across all major civil aerospace and defence platforms A220 11% A320 8% 8% F-35 H125 Other Continuing Operations 56% 5% C-130J 3% 3% E2 2% B737-MAX 2% 2% G5000/6000 A350 A400M Senior plc – Experts in fluid conveyance and thermal management 38
Slide 39: Aerospace division: a summary
Aerospace division: a summary (Continuing operations) H1 2025 HY 2024(1) Change Revenue £208.9m £194.8m +7.2% Adjusted Operating Profit(2) £21.6m £19.1m +13.1% Adjusted Operating Margin(2) 10.3% 9.8% +50bps 9 Operations NAFTA 4 Markets Customers France 2 Other UK 3 17% Airbus 16% RTX 7% Civil Aerosp
Slide 40: Flexonics
FLEXONICS Senior plc 2025 Half Year Results Senior plc – Experts in fluid conveyance and thermal management
Slide 41: Flexonics division: a summary
Flexonics division: a summary (Continuing operations) H1 2025 HY 2024(1) Change Revenue £162.8m £159.2m +2.3% Adjusted Operating Profit(2) £18.4m £17.3m +6.4% Adjusted Operating Margin(2) 11.3% 10.9% +40bps 11 Operations & JV NAFTA 4 Markets Customers EU 2 UK 2 Other Markets 11% ROW 3 Cummins 14% Ch
Slide 42: M&A framework
M&A framework More Likely Less Likely Aerospace & Defence Semi-conductor Equipment Market Power & Energy (clean energy) Medical Volume Automotive Truck & OH Land Vehicles (electrification) Fluid Conveyance Products Structures / Machining Product Thermal Management Products Own design / IP products /
Slide 43: Sustainability
DRAFT – STRICTLY CONFIDENTIAL Sustainability Sector leading sustainability performance G Awarded ‘A’ leadership score by CDP for Deployed an enhanced Group Anti Fraud disclosure and action on climate change for Policy 2024 and for Supplier Engagement programme Increasing the use of renewable energy