Slide 1: Delivering Trust, Performance and Transformation
Delivering Trust, Performance and Transformation Full year results FY25 29 August 2025
Slide 2: Agenda
Carclo plc FY25 Agenda From promises to delivery: We’ve proved reliability through precision execution • Margin expansion (ROS 8.1%), • Improved asset returns (ROCE 24.4%) and • Strengthened financial resilience (1.2 x net debt to uEBITDA ratio) This operational discipline creates the bedrock for ou
Slide 3: Delivering Trust
Delivering Trust Proving Reliability. Restoring Confidence. Building Foundations. Frank Doorenbosch | CEO
Slide 4: Safety Excellence Demonstrating Our Delivery Culture
Operational Excellence in Action Safety Excellence Demonstrating Our Delivery Culture Total Incident Frequency Ratio 1 Safety is always priority number 1 ! “ FY25 0.6 - 74% FY24 2.3 Safety is operational excellence in disguise. When you perfect the art of preventing FY23 1.5 accidents, you accidenta
Slide 5: From Promise to Performance
Operational Excellence Meets Strategic Growth Opportunity From Promise to Performance Building Trust Through Delivery Proven Financial Momentum Return on Sales (%) Systematic ground-up rebuild transforming our operational model and establishing financial discipline FY25 8.1% + 65% FY24 4.9% Strength
Slide 6: Strategic portfolio reshaping drives margin expansion whilst positioning for growth
Growth in Manufacturing Solutions and Strategic Transition in Sales Strategic portfolio reshaping drives margin expansion whilst positioning for growth... Revenues FY £m 140.0 132.7 130.9 130.0 (1.8) (8.4) 2.4 121.2 120.0 4.0 (7.7) Exited Short 110.0 Run Non- Expansion Scalable Projects Strategy 4.5
Slide 7: Strong Financial Performance on all Fronts
Strong Financial Performance on all Fronts ...establishing foundation for sustainable competitive advantage in our chosen markets Evolution In Action ROS 8.1% (4.9% FY24) ROS and ROCE Break New Ground 10% Premium engineering solutions 5% and operational discipline driving % ROCE sustained margin exp
Slide 8: Delivering Performance
Delivering Performance Operational Discipline. Financial Resilience. Margin-Focused Growth. Ian Tichias | CFO
Slide 9: Strong Margins and Debt Reduction Supporting Resilience
Financial KPI Overview Strong Margins and Debt Reduction Supporting Resilience • Revenue reflects strategic portfolio refinement, successfully exiting non-scalable operations in US, while delivering growth in core Manufacturing Solutions (on like-for-like basis) • Continued growth in margin reflects
Slide 10: KPIs demonstrate performance delivery
Financial KPI Overview KPIs demonstrate performance delivery TTM Revenue (£m) TTM Underlying Operating Profit (£m) 26 20 21 25 21 17 14 D&E 18 116 123 117 112 9.8 98 104 110 108 MS 7.8 6.9 6.0 5.9 6.6 5.8 4.5 HY22 FY22 HY23 FY23 HY24 FY24 HY25 FY25 HY22 FY22 HY23 FY23 HY24 FY24 HY25 FY25 TTM Return
Slide 11: KPIs demonstrate performance delivery
Financial KPI Overview KPIs demonstrate performance delivery TTM Cash Conversion* Net Debt (£m) 9 7 7 6 4 5 7 6 4 4 5 6 4 403% 5 Property Lease 24 23 3 P&M Lease 222% 22 22 18 18 17 155% 136% 135% 11 Net Debt 90% 96% 98% (Ex Lease) HY22 FY22 HY23 FY23 HY24 FY24 HY25 FY25 HY22 FY22 HY23 FY23 HY24 FY2
Slide 12: Robust Performance with Focus on Margin
Income Statement Robust Performance with Focus on Margin £'000 FY25 FY24 Change Change % Revenue 121,219 132,672 (11,453) -9% Underlying EBITDA 16,381 14,579 1,802 12% 13.5% 11.0% Depreciation and amortisation (6,543) (8,022) 1,479 Underlying operating profit 9,838 6,557 3,281 50% 8.1% 4.9% Non-unde
Slide 13: Increased Margins across Divisions
Income Statement Increased Margins across Divisions FY25 FY24 Change Change % CTP Division MS Revenue 93,443 99,222 (5,779) -6% D&E Revenue 13,555 21,570 (8,015) -37% Total CTP Revenue 106,998 120,792 (13,794) -11% uEBIT (%) 12% 7% Speciality Division Revenue 14,221 11,880 2,341 20% uEBIT (%) 20% 18
Slide 14: Operational excellence delivering sustainable margin gains
Margin Performance Analysis Operational excellence delivering sustainable margin gains FY24 to FY25 Contribution Margin Bridge 1.2% 39.8% 0.7% 2.4% -0.6% 36.0% Improved mix Factory with move Speciality away from Elevated Sustainability Strategy Energy Prices lower margin Project Zelda* Enhancing Par
Slide 15: Technical Provision Pension Deficit Recovery Underway
Pension Deficit Technical Provision Pension Deficit Recovery Underway Technical Provision Pension Deficit (£m) 100 • Pro-active approach taken to address pension deficit 90 83 80 • Reducing the Technical Provision deficit (£) remains the aligned goal (3) 70 (9) along with Pension Trustees 60 (7) 56
Slide 16: Pension Liability Accounting provision
Pension Deficit Pension Liability Accounting provision £m Mar 25 Sep 24 Mar 24 Sep 23 • IAS19 Net liability of £51.7m shows £14.5m Deficit b/f (37.2) (37.2) (34.5) (34.5) increase from the net liability at 31 March Net interest cost (1.7) (0.9) (1.8) (0.8) 2024 (FY24: £37.2m) Administration cost (0.
Slide 17: Strengthening the Balance Sheet for Long-Term Resilience
Balance Sheet Strengthening the Balance Sheet for Long-Term Resilience £m Mar 25 Mar 24 Mar 25 Mar 24 Tangible Fixed Assets 35.8 40.4 Return on capital employed* 24.4% 13.1% Fixed asset utilisation* 3.4 3.3 Inventories 9.9 11.3 Working capital to revenue* 3.7% 7.3% Other working capital (5.4) (1.7)
Slide 18: Strong Cash Flow Generation Supporting Debt Reduction
Cash Flow Strong Cash Flow Generation Supporting Debt Reduction £m FY25 FY24 Underlying EBITDA 16.4 14.6 • Underlying EBITDA growth Change in working capital 5.8 4.4 • Working capital delivered a strong inflow in the year. Trading cash 22.2 19.0 Expectation to move to long term sustainable position
Slide 19: Continued Debt Reduction with Improved EBITDA Leverage
Net Debt Waterfall & Net Debt to EBITDA Continued Debt Reduction with Improved EBITDA Leverage Net Debt Reduction (£m) • Continued focus on cash generation and conversion 4.2 (1.0) • Improvement in financial health 16.4 (2.6) • Stronger Balance Sheet enables judicious investment in the (3.1) (1.3) (
Slide 20: Delivering Transformation
Delivering Transformation Shifting from Recovery to Strategic Growth in Life Sciences & Speciality Frank Doorenbosch | CEO
Slide 21: Delivering Transformation: From Recovery to Strategic Growth
Transformation Journey Delivering Transformation: From Recovery to Strategic Growth… Expansion Innovation Incubator Accelerating growth by capturing 3 Driving growth through proprietary high-value opportunities and technology, products, and materials expanding our market reach 2 Financial Resilience
Slide 22: Building Financial Resilience Through Debt Reduction and Stability
Financial Discipline 1 Building Financial Resilience Through Debt Reduction and Stability… Financial Resilience Operational Excellence Debt Down, Ratios Strong Working Capital Optimised Profit Margins Rising Assets Delivering More Net Debt uEBITDA Ratio WC as % of Revenue 3.7% (7.3%) uEBIT as % of S
Slide 23: Driving Operational Excellence with Asset Optimisation and Efficiency
Operational Excellence 1 Driving Operational Excellence with Asset Optimisation and Efficiency… Factory Specialisation Material & Processing Optimisation Dedicated facilities aligned to customer regions Leveraging advanced materials, scientific enhance responsiveness and reduce geopolitical moulding
Slide 24: Strengthening CTP Regional Facilities to Enhance Responsiveness and Resilience
Regional Strength 2 Strengthening CTP Regional Facilities to Enhance Responsiveness and Resilience Design & Engineering Manufacturing - US Manufacturing - EMEA Manufacturing - APAC Revenue FY24 vs FY25 Revenue FY24 vs FY25 Revenue FY24 vs FY25 Revenue FY24 vs FY25 (£m @ constant currency) (£m @ cons
Slide 25: From Precision to Performance: Speciality Division Delivers 20% Growth
Speciality Growth 2 From Precision to Performance: Speciality Division Delivers 20% Growth Speciality Business Highlights Revenue FY24 vs FY25 Cables & Wires (£m @ constant currency) • Delivered 10% growth across all Aircraft FY25 14.2 +20% Cable regions. Plus 400%+ growth in military FY24 11.8 runw
Slide 26: Executing CTP Strategic Portfolio Optimisation for Sustainable Margin Expansion
Strategic Portfolio Management 2 Executing CTP Strategic Portfolio Optimisation for Sustainable Margin Expansion Overall Revenue Development Key Points Revenue FY24 vs FY25 had nett decline (£m @ constant currency) • Exiting legacy and unprofitable business areas frees resources to invest in core, s
Slide 27: Advancing Life Sciences and Speciality Markets with Scalable Growth Strategies
Scalable Markets 2 Advancing Life Sciences and Speciality Markets with Scalable Growth Strategies IVD Solutions Drug Delivery Aerospace 4.4%* 9.0%* 4.9%* Resilient growth Rapid market growth Quality Precision Driven Market Segment Range application Full-service offering Advanced solutions Attractive
Slide 28: Accelerating Innovation to Shape Tomorrow's Healthcare
How Carclo Turns Precision into Progress 3 Accelerating Innovation to Shape Tomorrow’s Healthcare Innovation Catalysts Charting the Journey Understanding patient needs Market Insights Spotting emerging trends and and converging tech forging strategic partnerships opportunities Designing modular moul
Slide 29: Unlocking Value through Technology, Trust & Transformation
Unlocking Value through Technology, Trust & Transformation Accelerating Performance. Inspiring Confidence. Driving Change. Technology Trust Transformation Precision Engineering, Sustainable Trusted Partnerships, Reliable Delivery Transforming for Sustainable Growth and Advantage Innovation • Pioneer
Slide 30: Progress with Purpose: Lower Emissions. Stronger Foundations.
Sustainability Initiatives Progress with Purpose: Lower Emissions. Stronger Foundations. Energy intensity ratio Sustainability Projects Tonnes of CO2e per £1m Revenue • Cut energy intensity by 9% in FY25 through targeted FY25 88 efficiency drives like Project Zelda. - 9% FY24 96 • Switched to green
Slide 31: Maintaining Robust Cash Generation and Confident Outlook for Long-Term Value
Financial Health & Outlook Maintaining Robust Cash Generation and Confident Outlook for Long-Term Value Strong Financial Robust Cash Sustainable And Confident Outlook For Momentum Generation Scalable Growth Long-term Value • Return on Sales up to 8.1%, • Strong cash flow funds • Solid growth in Life
Slide 32: Thank you
Thank you Carclo plc Delivering Precision. Creating Value. 47 Wates Way, Mitcham, Surrey, CR4 4HR, United Kingdom Tel: +44 20 8685 0500 Email: investor.relations@carclo-plc.com Website: www.carclo-plc.com 32
Slide 33: Appendix
Appendix Carclo plc | FY25
Slide 34: Global Blueprint, Regional Execution: Engineering Tomorrow's Solutions
Carclo plc Global Blueprint, Regional Execution: Engineering Tomorrow's Solutions CTP Division Life Science and Precision Components • In Vitro Diagnostics • Drug Delivery • Precision Components Speciality Division Cable & Wires, Light & Motion, Machined Components • Aerospace • Light & Motion Marke
Slide 35: Multi-Component Assembled Precision Solutions
Multi-Component Assembled Precision Solutions A Partner for End-to-End Solutions, When Precision Matters 1 2 3 4 5 Design & Global Assembly & Supply Chain Global Key Partners Carclo LifeTech Solutions Engineering Manufacturing Decoration Solutions CTP Division Injection Moulding, Welding, Decoration