Georg Fischer Ag · SIX:GF

Georg Fischer — FY2025 Earnings Presentation

40 slides from Georg Fischer's earnings presentation, Feb 25, 2026

Slide 2: 2025 Financial Year
Zurich, 25 February 2026 2025 Financial Year Andreas Müller, CEO | Mads Joergensen, CFO © GF v3.3
Slide 3: Highlights
GF Group Highlights Strategic transformation into pure- Solid performance despite market Outlook 2026 play completed headwinds ▪ Low single-digit organic sales growth ▪ Divestment of GF Machining Solutions ▪ Strong momentum in Infrastructure; ▪ Comparable EBITDA margin of subdued demand in Industry
Slide 4: Key figures
GF‘s Flow Solutions business Key figures (CHF) GF’s Flow Solutions business Net sales ROIC 3.0 billion -1.7% +0.6% 20.0% consolidated growth organic growth comparable1,2 (2024: 24.0%) EBIT margin EBITDA margin Proposed dividend 10.0% 8.9% 13.4% 1.35 comparable1,2 reported2 comparable1,2 per share (2
Slide 5: Well-balanced global presence in a challenging geopolitical environment
GF‘s Flow Solutions business Well-balanced global presence in a challenging geopolitical environment Net sales per region / organic growth (CHF million) -2.0% New 15’000 m2 facility in Shawnee, Oklahoma (US) +3.5% 1’442 1’415 +2.2% 981 965 629 619 Expansion in Hassfurt (DE) with new European warehou
Slide 6: GF transformation to pure-play Flow Solutions company completed
GF‘s Flow Solutions business GF transformation to pure-play Flow Solutions company completed ▪ Divestment of GF Machining Solutions completed mid-year 2025 ▪ Divestment of GF Casting Solutions’ automotive activities closed mid-February 2026; iron foundry in Leipzig sold at year-end 2025 ▪ Integratio
Slide 7: Uponor synergy achievement on track
GF‘s Flow Solutions business Uponor synergy achievement on track Annual run-rate synergies Key milestones (CHF million) 40 – 50 Portfolio complexity further reduced 30 – 40 29 25-30 Production and organizational 17 footprint optimized Customer and channel synergies achieved 2024 2025 2026 2027 Reali
Slide 8: Fit for Growth launched to drive effectiveness and efficiency
GF‘s Flow Solutions business Fit for Growth launched to drive effectiveness and efficiency 2026 execution timeline Scope (CHF million) ▪ Launched in late 2025 to streamline organization and drive profitable Secured measures growth Q1/26 25 ▪ Targeted CHF 40 million cost savings booked in 2026 ▪ Meas
Slide 9: Successful achievement of GF’s Flow Solutions 2025 sustainability targets
GF‘s Flow Solutions business Successful achievement of GF’s Flow Solutions 2025 sustainability targets 77% -51% 3.3 accidents sales with social or CO2 emissions Scope 1 and 21 per million hours worked environmental benefits FY 2024: 74% FY 2024: - 48% FY 2024: 4.2 1 From 2019 adjusted baseline © GF
Slide 10: GF IIFS – Strong momentum in Infrastructure offsets muted demand in Industry
GF Industry and Infrastructure Flow Solutions GF IIFS – Strong momentum in Infrastructure offsets muted demand in Industry (CHF) Net sales EBIT margin (comparable) 1‘955 +1.9% 10.9% -16% 1 million organic growth (2024: 13.2%) Semiconductors ▪ Strong momentum in Infrastructure in Europe, with solid d
Slide 11: Industry – Driving AI data center efficiency
GF Industry and Infrastructure Flow Solutions Industry – Driving AI data center efficiency Industry needs: Rapid expansion of AI and cloud computing is driving sharp increases in data center energy demand, accelerating adoption of liquid cooling Quick Connect GF solution: Valve ▪ High-performance di
Slide 12: Further expanding our high-tech production capabilities for valves and actuators
GF Industry and Infrastructure Flow Solutions Further expanding our high-tech production capabilities for valves and actuators Efficiency and precision: The modernized Seewis plant ▪ Key competence center for the production of plastic valves and actuators ▪ New ball valve assembly line ensuring high
Slide 13: Infrastructure – Renewing aging water networks
GF Industry and Infrastructure Flow Solutions Infrastructure – Renewing aging water networks Industry needs: Outdated water networks lose significant volumes of treated water before reaching consumers GF solution: Flowise DMA chamber ▪ Flowise DMA chambers combine GF, Uponor and VAG technologies wit
Slide 14: Uniquely positioned as infrastructure solution provider
GF Industry and Infrastructure Flow Solutions Uniquely positioned as infrastructure solution provider Cooling Water Intake Joint trade fair Installation at hydropower Flowise plant DMA chamber © GF v3.3 14 Zurich, 25 February 2026 | FY 2025 | Analyst and Media Conference
Slide 15: GF BFS – resilient performance in mixed construction markets
GF Building Flow Solutions GF BFS – resilient performance in mixed construction markets (CHF) Net sales EBIT margin (comparable) Europe – Building permits Eurozone Germany 1‘114 -2.7% 8.7% million organic growth (2024: 8.7%) ▪ Sales down 2.7% organically; adjusting for the impact of discontinued pro
Slide 16: Buildings – Comfort and energy efficiency for older buildings
GF Building Flow Solutions Buildings – Comfort and energy efficiency for older buildings Industry needs: Buildings account for around 40% of EU energy use, accelerating demand for efficiency upgrades GF’s refurbishment solution: ▪ 20 mm dry-fit panels fit tight spaces and allow direct tiling due to
Slide 17: Connection from heat pump to building with the best thermal performance on the market
GF Building Flow Solutions Connection from heat pump to building with the best thermal performance on the market Ecoflex VIP 2.0 ▪ Best-in-class insulation VIP insulation ▪ Less outer pipe diameter and heat loss Outstanding insulation performance ▪ Superior flexibility and time savings Installed sto
Slide 18: Consolidated financial statements
Consolidated financial statements Mads Joergensen, CFO © GF v3.3 18 Zurich, 25 February 2026 | FY 2025 | Analyst and Media Conference
Slide 19: Net sales
GF Group Net sales (CHF million) Organic Continuing operations Discontinued operations -1.7% +1.9% 4’776 4’110 1’947 1’955 -2.7% -8.4% NA 1’189 1’114 841 885 752 360 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 GF Group GF IIFS GF BFS GF CS GF MS1 1 2025 includes sales for H1 2025 given closing
Slide 20: Net sales bridge
GF Group Net sales bridge (CHF million) 4’776 -74 -153 4’110 -439 GF MS H2 2024 -492 VAG +54 2024 Organic FX M&A 2025 © GF v3.3 20 Zurich, 25 February 2026 | FY 2025 | Analyst and Media Conference
Slide 21: Income statement
GF Group Income statement (CHF million) Continuing Discontinued 2025 Continuing Discontinued 2024 operations operations operations operations Net sales 2’999 1’111 4’110 3’051 1’725 4’776 Gross value added 1’336 403 1’739 1’247 645 1’892 Personnel expenses -841 -334 -1’175 -836 -496 -1’332 EBITDA 49
Slide 22: EBIT margin (comparable)
GF Group EBIT margin (comparable) (%) Continuing operations Discontinued operations 13.2 10.9 9.4 8.7 8.7 7.6 6.7 5.9 3.6 -1.6 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 GF Group GF IIFS GF BFS GF CS GF MS © GF v3.3 22 Zurich, 25 February 2026 | FY 2025 | Analyst and Media Conference
Slide 23: GF’s Flow Solutions business
GF Group GF’s Flow Solutions business (CHF million) Net sales Comparable EBITDA Comparable EBIT Comparable ROIC1 & organic growth & margin1 & margin1 (%) +0.6% 15.0% 13.4% 11.4% 10.0% 3’0512’999 456 24 403 20 349 299 2024 2025 2024 2025 2024 2025 2024 2025 1 Including estimated proportionate corpora
Slide 24: Impact of items affecting comparability
GF Group Impact of items affecting comparability (CHF million) 2025 Important note: Restructuring expenses & other -44 ▪ Divestment-related mainly non-cash negative impact in Purchase price allocation (VAG) -3 2026 on EBIT of CHF 180 million from recycled CTA and Deconsolidation of GF MS 143 goodwil
Slide 25: EBITDA bridge
GF Group EBITDA bridge (CHF million) EBITDA margin 11.7% 12.9% 11.4% 13.7% 58 618 560 96 564 -64 -34 467 -53 2024 reported IAC1 2024 Organic FX GF MS (H2 24) 2025 IAC1 2025 reported comparable and VAG comparable 1 Impairment charges relating to divestment of GF CS automotive business (CHF 83 million
Slide 26: Currency effects on sales and EBIT in 2025
GF Group Currency effects on sales and EBIT in 2025 (CHF million) Per division Sales EBIT Per currency Rates Sales EBIT 2024 2025 Change 0.953 0.937 -1.6% GF IIFS -81.9 -18.6 EUR -19.3 -7.4 0.880 0.831 -5.6% GF BFS -43.2 -6.1 USD -47.0 -17.1 0.122 0.116 -5.5% GF CS -18.9 -1.4 CNY -35.8 -4.9 0.027 0.
Slide 27: GF net profit adjusted for divestment-related one-off charges
GF Group GF net profit adjusted for divestment-related one-off charges (CHF million) 214 7 147 14 83 103 83 -143 2024 reported 2025 reported Deconsolidation Impairment charges Value adjustments Non-recurring Other 2025 adjusted GF MS GF CS automotive on affiliated casting taxes business solutions bu
Slide 28: Balance sheet: assets
GF Group Balance sheet: assets (CHF million) 2025 % 2024 % Cash and cash equivalents 569 669 Trade accounts receivable 664 792 Inventories 744 939 Other current assets 143 202 Non-current assets of discontinued operations 328 130 Current assets 2’448 68 2’732 64 Property, plant, and equipment 885 1’
Slide 29: Balance sheet: liabilities and equity
GF Group Balance sheet: liabilities and equity (CHF million) 2025 % 2024 % Current liabilities 1’546 1’461 Bonds 1’449 1’274 Other financial liabilities 355 1’112 Other non-current liabilities 220 269 Non-current liabilities 2’024 2’655 Liabilities 3’570 99 4’116 96 Shareholders’ equity -9 109 Minor
Slide 30: Free cash flow
GF Group Free cash flow (CHF million) 2025 2024 Reported EBITDA 564 560 Change in net working capital -86 55 Interest paid -52 -93 Income taxes paid -64 -122 Profit from divestments -147 Other changes 54 -7 Cash flow from operating activities 268 393 Additions to property, plant, and equipment -238
Slide 31: Key figures at a glance
GF Group Key figures at a glance 2025 2024 Net debt (CHF million) 1’684 1’892 Net debt / EBITDA (multiple) 3.0x 3.4x Equity ratio (%) 1.1 3.9 Tax rate (%) 40.5 26.1 © GF v3.3 31 Zurich, 25 February 2026 | FY 2025 | Analyst and Media Conference
Slide 32: Board proposes dividend of CHF 1.35 for 2025
GF Group Board proposes dividend of CHF 1.35 for 2025 2025 2024 Net profit shareholders GF (CHF million) 103 214 Earnings per share (CHF) 1.26 2.61 Proposed / Approved dividend (CHF million) 111 111 Proposed / Approved dividend per share (CHF) 1.35 1.35 © GF v3.3 32 Zurich, 25 February 2026 | FY 202
Slide 33: Outlook 2026
Outlook 2026 Andreas Müller, CEO © GF v3.3 33 Zurich, 25 February 2026 | FY 2025 | Analyst and Media Conference
Slide 34: 2026 outlook for GF’s Flow Solutions business
GF’s Flow Solutions business 2026 outlook for GF’s Flow Solutions business Industry Infrastructure Buildings ▪ Growing project pipeline in the ▪ Continued investment in sustainable ▪ Mixed new build construction market semiconductor industry water infrastructure across Northern across Europe, with s
Slide 35: Strategy 2030
Strategy 2030 Andreas Müller, CEO © GF v3.3 35 Zurich, 25 February 2026 | FY 2025 | Analyst and Media Conference
Slide 36: GF to become the global leader in Flow Solutions
Our Vision GF to become the global leader in Flow Solutions © GF v3.3 36 Zurich, 25 February 2026 | FY 2025 | Analyst and Media Conference
Slide 37: Strategy 2030 targets to drive profitable growth …
Strategy 2030 Strategy 2030 targets to drive profitable growth … Net sales EBITDA margin FCF / EBITDA conversion Return on invested capital CHF billion x x x 4.2 – 4.5 16 – 18% > 50% 21 – 26% 1 incl. 0.5 – 0.6 bn acquisitions EBIT margin: 13 – 15% Maximize the core Grow with new Lead with innovative
Slide 38: … with a strong focus on new growth opportunities
Strategy 2030 … with a strong focus on new growth opportunities Data center HVDC Semiconductors Indoor climate Urban infrastructure ▪ Capitalize on ▪ Uniquely positioned ▪ Invest in innovation ▪ Capture consumers ▪ One-stop solution demand for liquid in liquid cooling for to set new purity and insta
Slide 40: Disclaimer
Disclaimer This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for, purchase or sell any investment. Neither this document nor anything it contains shall form the basis of any promise or contract whatsoever. Opinions expres

Georg Fischer — FY2025 Earnings Presentation on 6ix

Georg Fischer — FY2025 Earnings Presentation

Slide 1: Welcome

Slide 2: 2025 Financial Year

Slide 3: Highlights

Slide 4: Key figures

Slide 5: Well-balanced global presence in a challenging geopolitical environment

Slide 6: GF transformation to pure-play Flow Solutions company completed

Slide 7: Uponor synergy achievement on track

Slide 8: Fit for Growth launched to drive effectiveness and efficiency

Slide 9: Successful achievement of GF’s Flow Solutions 2025 sustainability targets

Slide 10: GF IIFS – Strong momentum in Infrastructure offsets muted demand in Industry

Slide 11: Industry – Driving AI data center efficiency

Slide 12: Further expanding our high-tech production capabilities for valves and actuators

Slide 13: Infrastructure – Renewing aging water networks

Slide 14: Uniquely positioned as infrastructure solution provider

Slide 15: GF BFS – resilient performance in mixed construction markets

Slide 16: Buildings – Comfort and energy efficiency for older buildings

Slide 17: Connection from heat pump to building with the best thermal performance on the market

Slide 18: Consolidated financial statements

Slide 19: Net sales

Slide 20: Net sales bridge

Slide 21: Income statement

Slide 22: EBIT margin (comparable)

Slide 23: GF’s Flow Solutions business

Slide 24: Impact of items affecting comparability

Slide 25: EBITDA bridge

Slide 26: Currency effects on sales and EBIT in 2025

Slide 27: GF net profit adjusted for divestment-related one-off charges

Slide 28: Balance sheet: assets

Slide 29: Balance sheet: liabilities and equity

Slide 30: Free cash flow

Slide 31: Key figures at a glance

Slide 32: Board proposes dividend of CHF 1.35 for 2025

Slide 33: Outlook 2026

Slide 34: 2026 outlook for GF’s Flow Solutions business

Slide 35: Strategy 2030

Slide 36: GF to become the global leader in Flow Solutions

Slide 37: Strategy 2030 targets to drive profitable growth …

Slide 38: … with a strong focus on new growth opportunities

Slide 39: Q&A

Slide 40: Disclaimer