Slide 1: Flowtech Fluidpower plc Half Year Results Presentation 2025
FLOWTECH FLUIDPOWER PLC Half Year Results Presentation 2025 six months ended 30 June FLO Company Confidential
Slide 2: Agenda
AGENDA Our Strategy Summary Trading Highlights Mike England Russell Cash Group CEO Group CFO Financial Update Trading & Outlook
Slide 3: Flowtech
FLOWTECH elcome To Sm FLOWTECH ~\gs Pe ; _ | FLOWTECH
Slide 4: Our Strategy
OUR STRATEGY Unlocking Flowtech’s full potential Strategy Framework Margin growth engines: 1 2 3 1 Customer Growth CUSTOMER POWER A WORLD FIRST OF ONE OF MOTION 2 Commercial Excellence Diverse customer base and omni-channel Differentiated value proposition delivered Expanding our products, services
Slide 5: H1 Summary
Group sales Underlying EBITDA of £56.9m (+2.1%) of £3.5m (-£1.2m) H1 SUMMARY Persistent market headwinds impacted sales in all three geographies. Like for like The impact of reduced sales despite strong gross margin gains and cost control. Group sales reduced by 11.8% Material improvement on Self-he
Slide 6: Trading Highlights
TRADING HIGHLIGHTS LAMMA // Flowtech Trade Exhibition
Slide 7: Market indicators
SELF-HELP UK PMI Helping us to outperform the market 53.0 Self-help focus is improving the growth from Top 100 customers. 51.0 H1 25 versus H1 24, sales increased across a broader range of industry sectors. The share of wallet from these existing customers continues to improve with very high 49.0 cu
Slide 8: Self-Help
SELF-HELP Sales growth initiatives 1 New Digital Platform 2 Product & Service Expansion 3 Engineering Projects 4 Inorganic Opportunities New white label and New product range launches Strong projects sales pipeline Fragmented and volatile new UK website launched. including own brand expansion. with
Slide 9: New Digital Platform
1 NEW DIGITAL PLATFORM Our vision for Flowtech is to be the leading specialist in digitally enabled product and engineering solutions across hydraulics, pneumatics, and process. • New Flowtech website and e-commerce platforms 'live' in the UK from August 2025. Roll out to Ireland and Benelux during
Slide 10: Product & Service Expansion
2 PRODUCT & SERVICE EXPANSION A key part of our growth strategy is to expand our product and service offering to increase our customer penetration and reach. • Secured new, incremental strategic supplier agreements, contributing to H2 25 growth and beyond e.g. SMC and HPC Kaeser. • Strengthened exis
Slide 11: Engineering Projects
3 ENGINEERING PROJECTS Targeted sales focus on higher growth industry sectors and where there is increased Government investment in projects including wet infrastructure, aerospace, defence and transportation. • Resulting in strengthened sales pipeline and forward order book. The sales order book is
Slide 12: Inorganic Opportunities
4 INORGANIC OPPORTUNITIES Strong progress integrating the three recently acquired businesses and now Add picture of generating positive contributions. Thorite/Allswage/Thomas • Thorite well integrated as a Flowtech business and on plan to deliver expected profit contribution in 2025. • Solid progres
Slide 13: Self-Help: Improved Gross Margins and Operational Gearing
SELF-HELP Improved Gross Margins and Operational Gearing. Sustained gross margin Careful control of Interventions to further improvement working capital reduce overheads Working Capital Period by Period (£m) GP% Operating Overheads 40.0% £18,800 39.2% Total £18,600 39.0% 38.3% 38.4% 38.0% £18,400 Tr
Slide 14: Financial Update
FINANCIAL UPDATE
Slide 15: Financial Highlights
FINANCIAL HIGHLIGHTS Headlines H1 25 H2 24 H1 24 Self-help drives Group revenue increase of 2.1% compared with H1 24 and 10.3% compared with H2 24. Revenue £56.9m £51.6m £55.7m • On a like-for-like basis, revenue reduced by 11.8% compared with H1 24 reflecting tougher market conditions. • H1 25 deli
Slide 16: Financial Highlights: Debt bridge
FINANCIAL HIGHLIGHTS Debt bridge £20m £18m £1.9m Over a 12-month period Bank debt has £16m £2.1m £3.0m £1.9m increased by a total of £5.0m. £14m £0.4m £1.8m £0.5m £1.8m £12m • Our EBITDA combined with working capital reduction £5.0m £1.4m was not sufficient to offset the aggregation of £10m outflows
Slide 17: Trading & Outlook
Welcome|To FLOWTECH. a7/
Slide 18: Outlook
OUTLOOK Capitalising on the investment in the new digital platform Trading the new Flowtech website and rolling out the platform into Ireland and Benelux markets. Steadfast focussed in H2 25 on the defined self-help initiatives. Forward momentum from the strong sales pipeline and order book • Contin
Slide 19: Question Time
QUESTION TIME We provide power, motion and control solutions, keeping industry moving and creating a more sustainable world. 2219
Slide 20: Appendix
APPENDIX Top Shareholders Consolidated Statement of Cash Flows Statement of Financial Position 20
Slide 21: Shareholders
SHAREHOLDERS 62% of shares are held by the top 10 shareholders Shareholders – as at 29 August 2025 Number of shared held % of share capital Odyssean Capital 10,500,000 16.59 Harwood Capital 6,500,000 10.27 TrinityBridge 4,689,217 7.41 Downing 3,854,659 6.09 Charles Stanley 3,169,015 5.01 Lazard Frer
Slide 22: Cash Flow
CASH FLOW Consolidated Statement of Cash Flows U 2025 2024 £000 £000 Unaudited 30 June Cash flows from financing activities Net proceeds from issue of share capital - 1,393 2025 2024 Repayment of lease liabilities (978) (854) £000 £000 Drawdown / (Repayment)of bank loan 2,000 Cash flow from operatin
Slide 23: Statement of Financial Position
STATEMENT 30th June 2024.OF FINANCIAL POSITION Unaudited 30 June 2025 2024 2025 2024 £000 £000 £000 £000 Assets Net current assets 33,684 39,562 Non-current assets Non-current liabilities Goodwill 14,996 40,066 Interest-bearing borrowings 18,958 19,883 Other intangible assets 4,608 2,644 Lease liabi
Slide 24: Appendix
APPENDIX Additional information on Flowtech customer mix and how we go to market. 2724
Slide 25: Our Market
OUR MARKET What is Fluid Power? Fluid Power describes hydraulic and pneumatic technologies which use fluid (liquid or gas) to generate, control and transmit power. • Hydraulics the fluid is a liquid (oil or water) whereas pneumatics uses a gas. • Fluid Power is one of three types of power transmissi
Slide 26: Flowtech at a glance
FLOWTECH At a glance The leading Fluid Power product and service specialist • >25 Operational locations in UK, Ireland and Benelux. • >600 highly skilled technical people. • Leading global brands and broad product range. • High service product distribution capability. • Manufacturing, service & repa
Slide 27: Our Plan
OUR PLAN Capex help Self- help Market Margin Focussed, staged delivery Key deliverables Growth engines Growth engine key Steady state: • Continual improvement. 2026/27 Initiating • Offer expansion. 1 2 3 4 5 6 • Systems upgrades. • Inorganic expansion. Developing Digital ramp up: • Selling effective
Slide 28: Safe Harbour
SAFE HARBOUR This document contains certain forward-looking statements which reflect the knowledge and information available to the Flowtech Fluidpower plc Company during the preparation and up to the publication of Registered in England and Wales. Company this document. Number: 09010518 By their ve
Slide 29: Flowtech Fluidpower plc Half Year Results Presentation 2025
FLOWTECH FLUIDPOWER PLC Half Year Results Presentation 2025 six months ended 30 June FLO Company Confidential