Semperit Ag Holding · VIE:SEM
Semperit — Q1 2025 Earnings Presentation
46 slides from Semperit's earnings presentation, May 2025
Slide 1: Semperit Group at a Glance & Q1 2025 Results
SEMPERIT GROUP AT A GLANCE & Q1 2025 RESULTS INVESTOR PRESENTATION
Slide 2: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.13) Financial Performance (p.18) ESG (p.27) Outlook (p.30) Appendix (p.33) 2 Investor Presentation I Semperit at a Glance & Q1 2025 Results I Investor Relations
Slide 3: Leading industrial elastomer specialist with diversified product portfolio
Leading industrial elastomer specialist with diversified product portfolio Semperit is a global pioneer in the production of high-quality elastomer applications for industrial clients with a 200 years’ history. We are constantly expanding our global footprint – with technologically value-added innov
Slide 4: Semperit inside – where our products are part of your everyday life
Semperit inside – where our products are part of your everyday life One in three escalator handrails The seals for the more than 1,000 curved worldwide comes from Semperit glass panels of the Elbphilharmonie Concert Hall were manufactured by Semperit. Rail pads, dowels, angle guide plates, swell sho
Slide 5: Our vision and mission
OUR VISION: Addressing global challenges through value-added elastomer applications IMPORTANT MEGATRENDS Climate change | Demographics | Urbanisation | Mobility | Electrification Leading market position Technological edge Resilient business model Strong industrial platform Among the world's leading
Slide 6: Divisional set-up combines strength of core business with expertise
Divisional set-up as introduced in 2023 combines strength of core business with our expertise in rubber compounds and our innovative solutions 2024 results confirm thrust of strategic positioning as divisional structure provides growth platform with future scale effects Cost leadership Leveragin
Slide 7: Strategic focus for Semperit Industrial Applications
Strategic focus for Semperit Industrial Applications HOSES – Cost leadership and enlargement of PROFILES – Focus on Europe and US product range DH5 investment: Capacity expansion in Odry/CZ will Strengthening our position in the European construction strengthen Semperit’s position as one of the glob
Slide 8: Strategic focus for Semperit Engineered Applications
Strategic focus for Semperit Engineered Applications BELTING – Levering on FORM – Profitable niches and RICO – Platform for organic and existing capacity optimized margins inorganic growth Surpassing the expected global Strong focus on growth with new Expansion in Thalheim (Austria) market growth by
Slide 9: Milestones 2022 – 2025
Milestones 2022 – 2025 Sharpened focus on core Powerful divisional structure All strategic milestones industrial elastomers with special focus on future achieved - strong platform competence through growth and operating to further strengthen the divestment of Sempermed leverage market position 2022
Slide 10: Hoses – Europe's leading and most advanced production site
Hoses – Europe’s leading and most advanced production site Growth investment to strengthen the position and competitiveness as one of the global top players in hose manufacturing Capacity expansion of 24 million meters by 2030 Total investment of EUR ~100 million – EUR ~ 45 million already inves
Slide 11: Liquid Silicone Rubber (LSR) – Expanding technological leadership
Liquid Silicone Rubber (LSR) – Expanding technological leadership and laying the foundation for future growth Thalheim and Miami expansions enhance our competitive advantage in tooling and automation Investment of EUR ~40 million in plant expansion and further capacity increase by 2028 – of which
Slide 12: New innovative products support growth pipeline
New innovative products support growth pipeline with wide range of applications Heavy duty rubber/metal parts Trackbelt for mining applications Compression molded heavy-duty rubber-metal Building on our extensive experience in mountain parts for use in vertical tower/stirred mills for fine Hybrid ha
Slide 13: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.13) Financial Performance (p.18) ESG (p.27) Outlook (p.30) Appendix (p.33) 13 Investor Presentation I Semperit at a Glance & Q1 2025 Results I Investor Relations
Slide 14: Overview Q1 2025
Overview Q1 2025 EBITDA down by 51.6% yoy to EUR 11.1 million as communicated due to continued challenging market conditions and project delays, margin at 7.3% (Q1’24: 13.0%) Top-line pressure (-13.8%) turns earnings after tax negative to EUR –7.2m (Q1’24: EUR 3.6m) Free cash flow increased to EUR 8
Slide 15: Two complementary divisions with one strong industrial base
Two complementary divisions with one strong industrial base Revenue and EBITDA breakdown mainly reflects project postponements and seasonal inventory Semperit Industrial Applications Semperit Engineered Applications build-up in the SEA segment Q1’25 Q1’25 26% Q1’24 Q1’24 43% 39% 47% 53% 61% 57% 74%
Slide 16: Semperit Industrial Applications Q1 2025
Semperit Industrial Applications Q1 2025 Margin recovery supported by cost efficiency measures EBITDA in EUR m EBITDA margin 24.7% 19.2% 19.8% 19.9% 17.6% 17.2% Semperit 13.2% 10.2% Industrial 17.8 17.5 6.3% 16.2 Applications 13.6 10.1 10.9 11.3 7.4 4.2 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’2
Slide 17: Semperit Engineered Applications Q1 2025
Semperit Engineered Applications Q1 2025 Top-line burdened especially by project postponements 17.0% EBITDA in EUR m 17.1% 18.3% 2.3 14.5% EBITDA margin 12.7% 11.8% 13.3% 9.1% Semperit Engineered 4.1 15.8 14.0 15.6 Applications 13.1 12.3 11.7 4.6% 10.0 7.5 4.0 1 Q1’23 Q2’23 Q3’23 Q4’23 1 Q1’24 Q2’24
Slide 18: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.13) Financial Performance (p.18) ESG (p.27) Outlook (p.30) Appendix (p.33) 18 Investor Presentation I Semperit at a Glance & Q1 2025 Results I Investor Relations
Slide 19: Financial highlights Q1 2025
Financial highlights Q1 2025 Focus on Proactive working Stable balance Digital transformation 2024 dividend streamlining capital management sheet with ample through “oneERP”, payment of business and cost to improve free cash cash reserves and IT enhancements and EUR 10.3m on efficiency supports flow
Slide 20: Key financial results Q1 2025
Key financial results Q1 2025 Q1 2025 Q1 2024 Δ Revenues: top-line pressure due to Revenues in EUR m 151.7 176.0 -13.8% lower volumes; in SIA (Profiles) low demand while, in SEA (Belting) project EBITDA in EUR m 11.1 23.0 -51.6% delays and market pressure EBITDA margin in % 7.3 13.0 -5.7PP EBITD
Slide 21: Detail on Last Twelve Month (LTM) view
Detail on Last Twelve Month (LTM) view – strict cost management to support margins LTM Industrial Revenue (EUR m) and operating EBITDA margin (%) 734.0 739.5 717.4 705.0 695.1 681.8 681.4 660.3 671.6 668.9 676.6 652.2 596.9 556.1 497.3 518.9 487.0 17.5 16.7 17.1 16.9 16.3 16.5 14.7 14.6 14.8 14.7 14
Slide 22: EBITDA development: Negative volume effects partially offset
EBITDA development: Negative volume effects partially offset -52% in EUR m 23.0 0.9 2.8 11.1 0.8 11.9 9.8 1.1 -1.2 -25.3 reported Price & Volume Effect Change in Cost of Personnel Consulting, reported Project costs operating EBITDA Productmix - Sales inventories materials warranties, EBITDA (oneERP)
Slide 23: Consistent focus of working capital levels
Consistent focus of working capital levels Components of Working Capital1 in EUR m 21.8% 15.9% 18.7% 17.7% 18.0% 15.2% 15.8% 160.4 127.7 134.8 120.9 120.2 101.6 102.7 121.9 110.8 106.6 108.4 101.5 85.7 100.2 Inventories 100.8 86.1 86.7 70.7 76.5 73.7 67.0 Trade receivables -62.3 -69.2 -58.5 -58.2 -5
Slide 24: Free cash flow, CAPEX and net financial debt
Free cash flow, CAPEX and net financial debt Free cash flow more than doubled to EUR 8.7m (Q1’24: EUR 3.5m) Capex down to EUR 12.4m (Q1’24: 22.6m) due to reduced maintenance and growth investments Net financial debt / EBITDA stable at 1.4x in EUR m -8.7 2.4 3.2 103.3 100.2 Net financial debt F
Slide 25: Robust balance sheet structure and financial profile
Robust balance sheet structure and financial profile Balance sheet structure Financial profile as of 31 March 2025 Balance sheet 31/03/2025: EUR 915m Cash and cash equivalents at EUR 128.4m (+2.0%) Balance sheet 31/12/2024: EUR 913m Financial liabilities stable at EUR 233.4m (YE’24: EUR 234.1m)
Slide 26: Capital allocation and usage of cash
Capital allocation and usage of cash Free cash flow (EUR 8.6m) Normal Investments € Growth Investments € Shareholder Return % MAINTENANCE GROWTH CAPEX & DIGITALIZATION M&A DIVIDENDS CAPEX Strategic growth project: Commitment to maintaining expansion of the hydraulic Attractive and enhancing our hose
Slide 27: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.13) Financial Performance (p.18) ESG (p.27) Outlook (p.30) Appendix (p.33) 27 Investor Presentation I Semperit at a Glance & Q1 2025 Results I Investor Relations
Slide 28: ESG targets until 2030 and performance 2024
ESG targets until 2030 and performance 2024 Energy1 Waste Emissions Competitive ESG Target 2030 2024 Target 2030 2024 Target 2030 2024 rating year: -5% reduction +3.9% energy -7% reduction -9.1% waste -10% reduction -2.1% emission by 2030 increase per good by 2030 reduction per good by 2030 scope 1
Slide 29: A glimpse of current sustainability projects
A glimpse of current sustainability projects DH5 – Focus on sustainability Semperit’s Scale up of photovoltaics and automation profiles circularity at production sites • One of the world’s largest production sites • Reclaimed waste and scrap from • PVs can cover more than 10% of own elec- for indust
Slide 30: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.13) Financial Performance (p.18) ESG (p.27) Outlook (p.30) Appendix (p.33) 30 Investor Presentation I Semperit at a Glance & Q1 2025 Results I Investor Relations
Slide 31: Outlook
Outlook Commodity business (SIA) still operating in subdued economic environment due to weak construction and yellow goods industries (construction and agriculture) operating EBITDA expected at EUR 65m - 85m SEA currently affected by lower global order activity and project postponements by customers
Slide 32: Five reasons to invest in Semperit
Investment Proposition Five reasons to invest in Semperit 1 Leading global market position in elastomer applications with strong industrial base 2 Relentless focus on innovation and technology 3 Resilient business model driven by operating leverage and cost leadership 4 Strong balance sheet and cash
Slide 33: Agenda
Agenda Semperit at a Glance (p.2) Highlights and Operational Performance (p.13) Financial Performance (p.18) ESG (p.27) Outlook (p.30) Appendix (p.33) 33 Investor Presentation I Semperit at a Glance & Q1 2025 Results I Investor Relations
Slide 34: Highlights 2024 – promised and (over)delivered
Highlights 2024 – promised and (over)delivered Focus on profitable growth resulted in EBITDA up by 21.1% to 90 EUR 84.9m and a higher margin of 12.5% (+2.3PP) 80 84.9 Guidance: 80 – guidance outperformed 70 60 70.1 Earnings after tax turned from a loss of EUR –17.1m in 2023 to a 50 positive EUR 11.5
Slide 35: 2024: Two complementary divisions with one strong industrial base
2024: Two complementary divisions with one strong industrial base Semperit Industrial Applications Semperit Engineered Applications 2024 2024 43% 2023 2023 49% 51% 48% 48% 52% 52% 57% Starting Q1 2024, Surgical Operations have been part of the discontinued operations and are not included in the char
Slide 36: Key financial results FY 2024
Key financial results FY 2024 FY 2024 FY 2023 Δ Revenues in EUR m 676.6 681.8 -0.8% Revenues: top-line pressure from lower volumes and weak demand largely compensated by Rico consolidation EBITDA in EUR m 84.9 70.1 +21.1% EBITDA: higher profitability driven by EBITDA margin in % 12.5 10.3 +2.3PP
Slide 37: EBITDA development 2024
EBITDA development 2024: price/volume effect offset through lower costs and Rico +21% in EUR m 7.3 84.9 1.5 86.3 12.5 70.1 12.5 43.1 Cost reduction program started 2023, targeting EUR 10m -35.7 Savings in total: EUR 18.4m Savings 2024: -24.9 EUR 12.6m reported Price & Volume Cost of Personnel Consul
Slide 38: Free cash flow, CAPEX and net financial debt in 2024
Free cash flow, CAPEX and net financial debt in 2024 Free cash flow nearly doubled to EUR 45.8m (’23: EUR 26.3m) Capex increased to EUR 64.6m (’23: 55.6m) due to further growth investment in DH5 and LSR Net financial debt / EBITDA multiple stable at 1.2x in EUR m 0.7 10.3 -45.8 29.5 115.2 -6.6
Slide 39: Divisions & Group Q1 2025
Divisions & Group Q1 2025 in EUR m INDUSTRIAL APPLICATIONS (SIA) ENGINEERED APPLICATIONS (SEA) SEMPERIT GROUP 1 2 1 2 1 1-3 2025 1-3 2024 % 1-3 2025 1-3 2024 % 1-3 2025 1-3 2024 % Revenue 65.5 68.7 -4.7% 86.2 107.3 -19.7% 151.7 176.0 -13.8% EBITDA 11.3 13.6 -17.4% 4.0 15.6 -74.5% 11.1 23.0 -51.6% EB
Slide 40: Semperit Group (continuing operations)
Semperit Group (continuing operations) in EUR m SEMPERIT GROUP Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 2025 Revenue 176.4 179.3 163.8 162.3 681.8 176.0 169.5 161.1 170.0 676.6 151.7 EBITDA 21.0 22.9 13.3 13.0 70.1 23.0 24.4 16.6 20.8 84.9 11.1 EBITDA margin
Slide 41: Semperit Industrial Applications, Engineered Applications & Corporate
Semperit Industrial Applications, Semperit Engineered Applications & Corporate in EUR m SEMPERIT INDUSTRIAL APPLICATIONS (SIA)1 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 2025 Revenue 99.4 93.0 72.2 66.2 330.8 68.7 65.6 50.5 82.4 267.3 65.5 EBITDA 17.5 17.8 7.
Slide 42: Key figures 2013-2024
Key figures 2013-2024 in EUR m KEY PERFORMANCE FIGURES 2013 2014 1 2015 1 2016 adj.2 2017 adj.3 2018 adj.4 2019 adj.5 2020 adj.6 2021 7 2022 adj.7 2023 adj.8 2024 adj.8 Revenue 906.3 858.3 914.7 852.4 874.2 875.5 840.6 927.5 601.8 779.8 681.8 676.6 EBITDA 132.5 101.9 96.2 74.7 35.8 50.3 63.8 208.6 5
Slide 43: Overview price indices LFO-F-NEW / Butadiene
Overview price indices LFO-F-NEW / Butadiene Significant increase for raw material1 used in industrial segments Price index LFO-F-NWE Price indices Butadiene as main raw material for synthetic rubber / latex 180 350 ø ø ø 2022 ø 2023 ø 2024 ø 2022 ø 2023 ø 2024 160 2025 2025 300 140 250 120 100 200
Slide 44: Contact and financial calendar
Contact and financial calendar Investor Relations Semperit Financial Calendar 2025 Judit Helenyi, Director Investor Relations 13.08.2025 Half-year financial report 2025 12.11.2025 Report on Q1-9 2025 +43 1 79777 - 310 www.semperitgroup.com/en/ir Am Belvedere 10 1100 Vienna, Austria DISCLAIMER The in
Slide 45: Notes
Notes 45 Investor Presentation I Semperit at a Glance & Q1 2025 Results I Investor Relations
Slide 46: Semperit – Experience for Tomorrow
206 SEMPERIT © EXPERIENCE FOR TOMORROW