Rubis Sca · EURONEXT:RUI

Rubis Sca — H1 2025 Earnings Presentation

16 slides from Rubis Sca's earnings presentation, Sep 9, 2025

  1. Slide 1: 2025 Half-year Results

    2025 Half-year Results 9 SEPTEMBER 2025

  2. Slide 2: Agenda

    2025 Half-year Results Agenda 01 • H1 2025 Highlights 04 • Q&A 02 • H1 2025 Financial Results 05 • Appendix 03 • Wrap-up & Outlook 2025 Half-Year Results H1 2025 Highlights H1 2025 Financial Results Wrap-up & Outlook Q&A Appendix

  3. Slide 3: H1 2025 Highlights

    01 H1 2025 Highlights Clarisse GOBIN-SWIECZNIK Managing Partner

  4. Slide 4: Robust showing in H1 25, underscoring path to 2025 targets

    01 Robust showing in H1 25, underscoring path to 2025 targets POSITIVE MOMENTUM OPERATIONAL STRENGTH SOLID FOUNDATIONS ACROSS THE BOARD ON TRACK FOR 2025 FUELING FUTURE AMBITION ● All regions and all product ● +3% in EBITDA to €369m (flat on ● Business model showing robust volume and gross margins a

  5. Slide 5: Steady commercial delivery across the board

    02 Steady commercial delivery across the board RETAIL & MARKETING SUPPORT & SERVICES Stable revenue yoy Unit Volume (in '000 m3) Gross margin (in €m) margin H1 2025 vs H1 2025 vs H1 2025 vs (in '000 m3) H1 2025 H1 2024 H1 2025 H1 2024 H1 2024 H1 2024 H1 2024 Dynamic trading activity in the Caribbean

  6. Slide 6: A steady cash generation through cycles

    01 A steady cash generation through cycles In million euros 409 389 363 ● Steady commercial 356 358 369 performance ● Operating excellence ● Strong cash flow conversion H2-22 H1-23 H2-23 H1-24 H2-24 H1-25 EBITDA Operating cash-flow Average OCF 2025 Half-Year Results 6 H1 2025 Highlights H1 2025 Fina

  7. Slide 7: H1 2025 Financial Results

    02 H1 2025 Financial Results Marc JACQUOT CFO

  8. Slide 8: H1 2025 Key figures

    02 H1 2025 Key figures Steady operations, driving continued strong cash-flow generation Retail & Marketing NET INCOME CAPEX 164 EBITDA +3% at €265m in H1 25 €163m 103 91 35 Support & Services +26% vs H1 2024 68 73 H1 2024 H1 2025 EBITDA stable at €114m in H1 25 Energy Distribution Renewable Electric

  9. Slide 9: Business performance

    02 Business performance Robust operations in a volatile market environment - EBITDA +3% yoy, stable on a comparable basis EBITDA BRIDGE – H1 2024 – H1 2025 (€M) ENERGY DISTRIBUTION RENEWABLE ELECTRICITY PRODUCTION 4 369 6 0 -1 2 358 0 €7m increase, +3% yoy Retail & Marketing Africa Europe Support &

  10. Slide 10: Financial results

    02 Financial results Income statement H1 2025 H1 2024 Var Var % EBITDA 369 358 11 3% o/w Energy Distribution Retail & Marketing 265 258 7 3% • Hyperinflation impact €5m o/w Energy Distribution Support & Services 114 114 0 0% o/w Renewable Electricity Production 10 11 -1 -5% o/w Rubis SCA Holding -20

  11. Slide 11: Net debt evolution

    03 Net debt evolution Healthy balance sheet: stable corporate leverage at 1.4x In million euros Free Cash Flow(5) 230 1,405 494 €70m -22 -25 431 1,292 164 ● Net debt €1,405m -390 68 88  €494m non-recourse debt from 910 861 Photosol SPV − Mostly fixed rate (swapped) − 20 years maturity  €910m corpo

  12. Slide 12: Wrap-up & Outlook

    03 Wrap-up & Outlook Clarisse GOBIN-SWIECZNIK Managing Partner

  13. Slide 13: H1 2025 Key take-aways

    03 H1 2025 Key take-aways ROBUST COMMERCIAL AND RELIABLE CASH FLOW WELL ON TRACK FOR 2025 OPERATING PERFORMANCE THROUGH THE CYCLE AND BEYOND VOLUME GROWTH ACROSS THE 2025 GUIDANCE BOARD WITH STEADY GROSS OPERATING CASH FLOW AT €276M REITERATED MARGINS +3% GROWTH IN EBITDA AND 1.4x CORPORATE NET FINA

  14. Slide 14: 2025 Guidance reiterated

    03 2025 Guidance reiterated Solid first-half providing confidence in the achievement of yearly targets 2025 OUTLOOK GUIDANCE ● Global – weakening USD FX rate ● Europe ● EBITDA €710-760m(1)  Continued low single-digit growth in the LPG business  Acceleration of renewable electricity development ● A

  15. Slide 15: Financial calendar – Roadshows & Conferences

    Financial calendar – Roadshows & Conferences • Roadshows post H1 2025 results  US-Canada: 15-19 | 09 | 25  London: 24 | 09 | 25 • Conferences  Paris: Kepler Autumn Conference - 10 | 09 | 25  Paris: CIC Forum - 09 | 12 | 25 2025 Half-Year Results 15 H1 2025 Highlights H1 2025 Financial Results Wr

  16. Slide 16: Next events

    Next events Q3 2025 Trading update: 04 | 11 | 2025 Q4 & FY 2025 results: 12 | 03 | 2026 Photos credits: @ Gilles Dacquin © Rubis photo library DISCLAIMER This presentation does not constitute or form part of any offer or solicitation to purchase or to sell Rubis’ securities. Should you need more det

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