Aston Martin Lagonda Global Holdings Plc · LSE:AML
Aston Martin Lagonda Global — Q2 2026 Earnings Presentation
26 slides from Aston Martin Lagonda Global's earnings presentation, Jul 29, 2026
Slide 1: H1 2026 Results
H1 2026 Results Interim results for the second quarter and six months ended 30 June 2026 H1 2026 Results, 29 July 2026
Slide 2: Agenda
Agenda CEO Review 3 Financial Review 7 Appendix 17 H1 2026 Results, 29 July 2026
Slide 3: Adrian Hallmark, Chief Executive Officer
Adrian Hallmark CHIEF EXECUTIVE OFFICER H1 2026 Results, 29 July 2026
Slide 4: H1 2026 Summary
H1 2026 Summary H1 2026 continues to demonstrate that we are on track to deliver material financial improvement this year compared with 2025 • Materially improved financial performance in H1 2026 Supported by over 220 Valhalla deliveries, an 11% increase in core wholesale volumes and transformation
Slide 5: Valhalla
VALHALLA MASTERY. DRIVEN. “As a driving experience there’s no doubt that the Valhalla is an overwhelming triumph” Top Gear “Valhalla drives like no Aston I’ve been in before” Car Magazine “The best Aston Martin I have ever driven” Chris Harris “No mistake, the new Valhalla is a special, special thin
Slide 6: Vantage S, DB12 S, DBX S, Vanquish 25
VANTAGE S DB12 S Continued product range refresh with thrilling, high-performance core derivatives DBX S VANQUISH 25 6 H1 2026 Results, 29 July 2026
Slide 7: Doug Lafferty, Chief Financial Officer
Doug Lafferty CHIEF FINANCIAL OFFICER H1 2026 Results, 29 July 2026
Slide 8: H1 2026 financial summary
H1 2026 financial summary Material improvement reflecting over 220 Valhalla deliveries, an 11% increase in core wholesale volumes and transformation benefits. Last twelve months • H1 2026 total wholesales increased 21% 6,620 compared to the prior year period Total Wholesales1 (Units) 6,030 • Reflect
Slide 9: Wholesale volumes & Average Selling Prices (ASP)
Wholesale volumes & Average Selling Prices (ASP) H1 2026 volumes increased 21% compared to the prior year; Total ASP benefits from increased Specials while Core ASP reflects, as guided, targeted dealer support Total ASP: £241k, up 17% Total H1 2026 wholesales1: 2,331, up 21% Core ASP: £182k, down 5%
Slide 10: H1 2026 wholesales by region
H1 2026 wholesales1 by region Volumes remained well balanced with all regions increasing compared to the prior year period YoY change in wholesales by region 29% 12% 28% 6% 837 647 691 539 378 422 358 381 Americas UK EMEA ex. UK APAC H1 2025 H1 2026 Certain financial data within this presentation ha
Slide 11: H1 2026 gross margin
H1 2026 gross margin Gross margin improvement reflecting impacts of Valhalla and core volumes, partially offset by targeted dealer support and FX headwinds (%) 5.7% 0.1% 1.8% 0.0% (1.7%) 33.8% 27.9% H1 Core Wholesales 1 Specials Wholesales1 M&L FX Other H1 2025 2026 Core Wholesales Specials Wholesal
Slide 12: H1 2026 adjusted EBIT
H1 2026 adjusted EBIT 10% improvement in adjusted EBIT due to YoY impacts of Valhalla and core volumes, partially offset by increased D&A, adjusted Net OpEx and FX headwinds £m EBT Analysis 97 14 £m H1 2026 H1 2025 (13) Adjusted EBITDA 62.7 (3.0) (12) (109) (122) (20) Adjusted D&A (171.6) (118.5) Ad
Slide 13: H1 2026 free cash flow
H1 2026 free cash flow Free cash outflow YoY materially improved, driven by improved cash from operating activities and a reduction in capital expenditure (£m) 201 (4) 43 (45) (154) (198) (120) (75) 1 2 EBT Add back D&A/other Tax paid Cash generated after Working Capital Investing activities Net int
Slide 14: H1 2026 cash & debt
H1 2026 cash & debt Total liquidity* of £145m, with total pro forma liquidity of c. £340m at the end of H1 2026 following completion of new debt financing in July (£m) £m H1 2026 H1 2025 Loan notes** (1,345.2) (1,310.6) Inventory financing (39.1) (38.0) Bank loans and overdrafts (168.8) (58.7) Commi
Slide 15: Expect to deliver a material improvement in FY 2026 financial performance
Expect to deliver a material improvement in FY 2026 financial performance Driven by an enhanced product mix and benefits from the ongoing transformation programme and disciplined approach to operations FY 2026 operational guidance unchanged 2026 adjusted EBIT margin improving towards breakeven (slig
Slide 16: Q&A
Q&A H1 2026 Results, 29 July 2026
Slide 17: Appendix
Appendix Income statement 18 Cashflow, Balance Sheet & Net Debt 19 Alternative performance measures 20 Racing. Green. sustainability strategy overview 21 Employee Engagement 22 Unique Strengths 23 Product Cycle Plan 24 Disclaimer 25 Contacts 26 H1 2026 Results, 29 July 2026
Slide 18: Income Statement
Income Statement H1 2026 vs H1 2025 and Q2 2026 vs Q2 2025 £m H1 2026 H1 2025 Q2 2026 Q2 2025 Revenue 628.6 454.4 358.2 220.5 Cost of sales (416.1) (327.8) (239.6) (159.1) Gross profit 212.5 126.6 118.6 61.4 Gross margin % 33.8% 27.9% 33.1% 27.8% Adjusted operating expenses (321.4) (248.1) (170.6) (
Slide 19: Cashflow, Balance Sheet & Net Debt
Cashflow, Balance Sheet & Net Debt H1 2026 vs H1 2025 and Q2 2026 vs Q2 2025 £m H1 2026 H1 2025 Q2 2026 Q2 2025 Cash used in operating activities (2.3) (81.0) 50.9 (49.9) Cash used in investing activities (excl. interest) (120.2) (170.6) (59.2) (80.8) Net cash interest (paid)/received (75.1) (69.4)
Slide 20: Alternative Performance Measures
Alternative Performance Measures In the reporting of financial information, the Directors have adopted various Alternative Performance Measures ("APMs"). APMs should be considered in addition to IFRS measurements. The Directors believe that these APMs assist in providing useful information on the un
Slide 21: Racing. Green. sustainability strategy overview
Racing. Green. sustainability strategy overview Aston Martin is embracing a new, driving ambition: to be a world-leading sustainable ultra-luxury automotive business. This ambition is the central objective of our sustainability strategy, Racing. Green. Sustainability reports and disclosures ESG prog
Slide 22: Employee Engagement
Employee Engagement Our People Strategy has been developed to accelerate progress towards a world-class employee experience 22 H1 2026 Results, 29 July 2026
Slide 23: Aston Martin's unique strengths
Aston Martin’s unique strengths Supporting our transformation from a high potential to high performing business Iconic Customer Relentless High Limited Our Brand Focused Innovation Performance Edition People 23 H1 2026 Results, 29 July 2026
Slide 24: Future product cycle plan
Future product cycle plan to strengthen Aston Martin’s ultra-luxury high performance status An assertive and clear product proposition which puts the customer at the heart of everything we do 2025 2026-2030 2030-2035 Core models • Strongest and most • Extend existing model-line coverage before comme
Slide 25: Disclaimer
Disclaimer This presentation has been prepared by Aston Martin Lagonda Global Holdings PLC (“AML”) solely for use at the H1 2026 results analyst and investor meetings being held on 29th July 2026 in connection with a discussion of its H1 2026 results. For the purposes of this notice, this “presentat
Slide 26: Aston Martin Lagonda Investor Relations Team
Aston Martin Lagonda Investor Relations Team investor.relations@astonmartin.com www.astonmartinlagonda.com James Arnold – Head of Investor Relations james.arnold@astonmartin.com Tel: +44 (0) 7385 222347 Maddie Herborn – Investor Relations Analyst Madeleine.herborn@astonmartin.com Tel: +44 (0) 7345 0
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