Bekaert Sa · EURONEXT:BEKB
Bekaert Sa — Investor Presentation (March 2026)
26 slides from Bekaert Sa's investor presentation, March 2026
Slide 1: Bekaert: A global leader in metal transformation and coating technologies
Bekaert A global leader in metal transformation and coating technologies March 2026
Slide 2: Bekaert
Bekaert A global leader in metal transformation and coating technologies March 2026
Slide 3: Bekaert: a global leader in metal transformation and coating technologies
Bekaert: a global leader in metal transformation and coating technologies 1 A trusted partner prioritizing markets driven by megatrends 2 A global footprint servicing customers with supply chain flexibility 3 Optimizing cost base, footprint and business portfolio to enhance performance 4 Strong cash
Slide 4: A trusted partner shaping solutions through metal and coating technologies
1.a | A trusted partner shaping solutions through metal and coating technologies Rubber Steel Wire Bridon-Bekaert Specialty Reinforcement Solutions Ropes Group Businesses 44% of sales 27% of sales 14% of sales 15% of sales Dramix® steel fiber concrete reinforcement Murfor® Compact masonry reinforcem
Slide 5: Prioritizing large end-markets driven by megatrends
1.b | prioritizing large end-markets driven by megatrends Enhanced Safety Rubber Steel Wire Bridon-Bekaert Specialty Reinforcement Solutions Ropes Group Businesses €7bn1 €3bn1 €5bn1 €2bn1 €3bn1 Tire Transmission & Advanced Lifting Energy Sustainable Reinforcement Performance Wires and Mooring Transi
Slide 6: A global footprint serving customers across the world
2 | A global footprint serving customers across the world EMEA North America APAC LATAM €3.7bn 42% 21% 31% 6% Global footprint sales Local-for-local, close proximity to our customers Ability to shift production and sourcing across supply chain Bekaert production plants Driving Bekaert offices innova
Slide 7: Optimizing cost base and production footprint
3.a | Optimizing cost base and production footprint Actions since 2019 • 5 Europe (2 Belgium, 1 Germany, 2 Scotland) 13 sites • 4 Asia (Malaysia, China, Indonesia, India) closed • 3 North America (2 USA, 1 Canada) worldwide • 1 Latam (Brazil) 2026+ • 2 RR plants Improving operational Across all our
Slide 8: and gradual changes to business portfolio
3.b | and gradual changes to business portfolio Transforming Steel Wire Solutions | Wider offering in Ropes applications | Consolidation in Rubber Reinforcement Acquisition of Bexco Bexco® Synthetic Ropes for (synthetic ropes) and Acquisition of captive offshore, marine, and industrial Flintstone (s
Slide 9: resulting in improved business mix and margins
3.c | resulting in improved business mix and margins Average EBITu margin (%) Higher margins sustained despite end market challenges • Footprint rationalization +270bps • Decreased exposure to lower growth, cyclical and commoditized markets • Growth in energy and utility applications improving produ
Slide 10: Strong cash flow generation
4 | Strong cash flow generation Even during challenging periods 505 Sustainable future drivers 440 450 of cash flow 383 380 374 ✓ Continued working capital 340 management 314 267 ✓ Capital allocation discipline €m 221 ✓ Price and mix improvements 191 193 ✓ Further margin enhancement Strong cash flow
Slide 11: Solid balance sheet
5 | Solid balance sheet Significant strategic flexibility 31 December 2025 Leverage3 2.1x Cash and Equivalents €527m 1.3x 0.6x 0.7x 0.5x 0.5x Total Liquidity1 €857m 0.4x 2019 2020 2021 2022 2023 2024 2025 % of Fixed Rate Debt2 97% Debt2 Maturity Profile (€m) % Average cost of Long Term Debt2 c2.9% 2
Slide 12: Consistent capital allocation strategy
6.a | Consistent capital allocation strategy Cash generation enabling investment for growth and shareholder returns Cash flow Maintenance Balance Organic generation and Innovation sheet investment • Strong cash flow • c€100m per year • Maintain robust Investment generation from in improvement & fina
Slide 13: driving growing shareholder returns
6.b | driving growing shareholder returns Dividend per share (€) +30% Progressive dividend policy 1.80 1.90 1.95 1.50 1.65 ✓ Proposed dividend of €1.95 per share for FY2025 supported by strong cash flow ✓ 40% payout ratio over the longer term 2021 2022 2023 2024 2025 Total returns to shareholders pe
Slide 14: Growth platforms well-invested, ready to capture future demand growth
7.a | Growth platforms well-invested, ready to capture future demand growth Weaker growth outlook for hydrogen; long-term potential remains Transmission & Energy Advanced Lifting Sustainable Performance Transition and Mooring Construction Wires • Growing power and data • Delays in regulatory • Stron
Slide 15: Bekaert is making tangible progress to create a better tomorrow
7.b | Bekaert is making tangible progress to create a better tomorrow 2025 Highlights Protect the planet Put people first Act with integrity -23% reduction in Scope 1 & 2 220+ Safety programs reinforced External recognition energy saving initiatives GHG emissions1 CDP A-rating for Climate Change imp
Slide 16: Bekaert's businesses
Bekaert’s businesses (2025 figures)
Slide 17: Building a balanced business by end-market and by region
Building a balanced business by end-market and by region Consolidated sales Consolidated sales Consolidated sales by business unit by region by end-market LATAM BBRG Other1 Mobility NAM 6% EMEA 14% RR 25% SpB 21% 15% 44% 42% 48% 14% 27% 31% Construction & 13% infrastructure SWS APAC Energy & Utiliti
Slide 18: Rubber Reinforcement at a glance
Rubber Reinforcement at a glance 2025 €1.6bn 2025 Sales1 €142m 2025 EBITu 8.6% EBITu margin 14.1% ROCEu 2025 Energy Basic & Materials Utilities End markets served Automotive 100% Geographies covered We supply all of the top 30 tire makers around the globe EMEA APAC 38% 47% NAM 15% One out of four ti
Slide 19: Steel Wire Solutions at a glance
Steel Wire Solutions at a glance 2025 €1.0bn 2025 Sales1 €101m 2025 EBITu 9.7% EBITu margin 27.5% ROCEu 2025 Serving diversified end markets with a wide End markets range of solutions Agriculture Energy & served 20% Utilities 30% Construction 13% Automotive 14% Consumer Goods, Equipment and Basic Ma
Slide 20: Bridon-Bekaert Ropes Group at a glance
Bridon-Bekaert Ropes Group at a glance 2025 €518m 2025 Sales1 €45m 2025 EBITu 8.7% EBITu margin 8.3% ROCEu 2025 Other Agriculture 3% 7% End markets Construction served 11% Equipment 28% Energy & Utilities Basic 23% Materials 27% Geographies covered LATAM 14% EMEA 36% APAC 28% North America 22% 20 1
Slide 21: Specialty Businesses at a glance
Specialty Businesses at a glance 2025 €550m 2025 Sales1 €47m 2025 EBITu 8.4% EBITu margin 12.9% ROCEu 2025 Sustainable Construction End markets served Equipment 18% Basic Materials Construction 10% 60% Energy & Utilities 7% Automotive 5% Geographies North covered America 16% Other segments APAC 28%
Slide 22: Contact us
Contact us Dries Van Hamme Director Investor Relations Dries.VanHamme@bekaert.com Javier Sanchez Saura Investor Relations Manager Javier.Saura@bekaert.com 22
Slide 23: Alternative Performance Measures (APMs)
Alternative Performance Measures (APMs) Metric Definition Capital employed (CE) Working capital + net intangible assets + net goodwill + net property, plant and equipment + net RoU Property, plant and equipment. The average CE is computed as CE at balance sheet date plus CE same period of the previo
Slide 24: APM reconciliation table
APM reconciliation table (nitions of €) EaITDA 2024 02s Net debe 2084 2025 cont 296, 188 Non-current interest-bearing debt a2t 302 Amortization intangible assets 4 6 LUT ease iablity- non- current 7 n Depreciation property. plant & equipment 730 2a Current interest-bearing debt 282 320 Depreciation
Slide 25: APM reconciliation table
APM reconciliation table “Capital ratio financial autonomy) 2oza 2025 ‘Operating free cash Row oz = Equity 23a 2007 ‘Cash flows from operating acting a4 450 Tota assets 4162 3002 Purchase of intangible assets 26 “20 Financial autonomy aB5% 352% Purchase of PAE 7196 “139 Purchase of RU Land ~ - Geari
Slide 26: Bekaert
= Bekaert