Slide 1: Business Lunch Results 2025
Navigating challenges. Shaping the future. Business Lunch Results 2025 19 MARCH 2026
Slide 2: Important Information
2 Important Information This company presentation and the information contained are, unless noted separately, proprietary to SBO AG (SBO) and not meant to be reproduced or distributed to third parties. The information contained is based on SBO’s current views, estimates and assumptions and describes
Slide 3: Market environment 2025
Navigating challenges. Shaping the future. Market environment 2025
Slide 4: Navigating challenges in 2025: Significant headwinds created a difficult market environment
4 Navigating challenges in 2025: Significant headwinds created a difficult market environment Oil oversupply Evolving tariff situation Reduced CAPEX spendings 2025: Up to 31% CAPEX cuts +2.2 mb/d1 by major OFSE clients2 Low oil price + Customer uncertainty = Decreasing industry activity 2025: • Bren
Slide 5: Financial Highlights 2025
Navigating challenges. Shaping the future. Financial Highlights 2025
Slide 6: P&L Highlights FY 2025
6 P&L Highlights FY 2025 Sales were 18.8% below last year’s level, primarily in MEUR FY 2025 FY 2024 driven by lower customer demand in the Precision Sales 455.3 560.4 Technology division. Adjusted for FX effects: sales –15.5% EBITDA 71.0 101.9 EBITDA and EBIT decreased y/y, margins still at a s
Slide 7: Lower customer demand in PT, sales in EE more resilient
7 Lower customer demand in PT, sales in EE more resilient Sales in PT decreased to MEUR 189.5 (-33.6% y/y) SALES BY DIVISION in MEUR - Impacted by CAPEX cuts from customers Sales in EE at MEUR 265.8 (-3.4% y/y) -18.8% 560 - Adjusted for FX effects growth would be +1% y/y 455 - Driven by higher U
Slide 8: Group EBITDA margin of 15.6% despite challenging environment
8 Group EBITDA margin of 15.6% despite challenging environment Group EBITDA margin FY 2025 of 15.6% EBITDA in MEUR I as a % of sales Precision Technology: 18.2% 15.6% - Sales reduction and lower capacity utilization - EBITDA at MEUR 30.6 (-54.3% y/y) - EBITDA margin of 16.1% (2024: 23.5%) PT 67
Slide 9: Excellent balance sheet structure and high liquid funds
9 Excellent balance sheet structure and high liquid funds Positive free cash flow despite Balance sheet remains strong Net debt and gearing strategic CAPEX & M&A despite weaker US Dollar reflect financial discipline Operating cash flow at MEUR 72.4 Equity at MEUR 421.9, with currency Net debt
Slide 10: Strategy Highlights FY 2025
Navigating challenges. Shaping the future. Strategy Highlights FY 2025
Slide 11: In 2025 SBO presented its new Strategy…
11 In 2025 SBO presented its new Strategy…
Slide 12: …based on SBO’s core capabilities
12 …based on SBO’s core capabilities
Slide 13: SBO has defined four strategic pillars
13 SBO has defined four strategic pillars:
Slide 14: Diversification: Next-generation geothermal technologies emerging
14 Diversification: Next-generation geothermal technologies emerging Next-generation geothermal technologies Technologies: Source: Web
Slide 15: Next-generation geothermal technical potential 60 times today's installed capacity
15 According to IEA, next-generation geothermal technical potential can be 60 times more than today’s installed power capacity, 2nd after solar PV Geothermal potential increases as you go into deeper and hotter resources Renewable technical resources potential for electricity Global Geothermal poten
Slide 16: SBO will leverage its technology to expand in 3D metal printing
16 SBO will leverage its technology to expand in 3D metal printing 3D metal printing service industry size, in USD bn +26% 4.8 CAGR High precision – high performance Niche industry today 1.5 Huge potential with +26% CAGR until 2030 2025 2030 Source: Voxelmatter 2024, Metal AM report
Slide 17: Additive Manufacturing: products for Aerospace / New Space / Energy market
17 Additive Manufacturing: products for Aerospace / New Space / Energy market New Space / Spiral Tubing New Space / Diffuser Energy / Diffuser Aerospace / Impeller Aerospace / Ramjet Energy / Static Mixer
Slide 18: Strategy execution in 2025 - Diversification
18 Strategy execution in 2025 - Diversification • Expansion of geothermal energy activities • New areas in energy transition: CCS, lithium and helium drilling • Organic and inorganic (3T acquisition) growth in 3D metal printing • Successful diversification into the subsea flow control market
Slide 19: Strategy execution in 2025 - Market expansion
19 Strategy execution in 2025 - Market expansion • New location in Saudi Arabia, doubling the operating space • Market share gains and regional expansion in well completion solutions
Slide 20: Strategy execution in 2025 - Technology leadership
20 Strategy execution in 2025 - Technology leadership • One million frac plugs underscore technology leadership of SBO • Evolving technology of downhole drilling tools • High-performance materials, expanding applications in 3D metal printing
Slide 21: Strategy execution in 2025 - Operational excellence
21 Strategy execution in 2025 - Operational excellence • Expansion of the site in Vietnam to 12,000 m2, increasing global delivery flexibility and strengthening SBO’s position in Asia-Pacific • Installation of photovoltaic systems increase energy- efficient manufacturing • Setup of a a new drilling
Slide 22: Navigating challenges. Shaping the future.
22 Navigating challenges. Shaping the future. 1 2 Proven track record in cycle Execute growth strategy management EUR Million EBITDA % Revenue % 600 35 2014 2018 2022 30 500 Diversification Market Expansion 25 400 20 300 15 200 2025 10 Technology Operational 100 2020 5 Leadership Excellence 2016 0 0
Slide 23: Military Conflict Middle East
Navigating challenges. Shaping the future. Military Conflict Middle East
Slide 24: SBO presence in Middle East
24 SBO presence in Middle East Three facilities: 2 in Dubai, UAE, and 1 in Dammam, Saudi Arabia No manufacturing; activities limited to assembly, repair & service, sales and distribution 140 employees, 9% of Group headcount Sales of MEUR 65 in 2025; ~14% of Group sales Asset exposure: ~7%
Slide 25: Middle East conflict – Assessment and implications
25 Middle East conflict – Assessment and implications Duration of the conflict is the decisive factor for regional and global impact Key Risk Factors for the Energy Sector Strait of Hormuz Vulnerability Elevated Price Volatility 1 ~20% of global oil supply transits the Strait of Hormuz 2 Prolonged c
Slide 26: Outlook
Navigating challenges. Shaping the future. Outlook
Slide 27: PT – transition year with signs of recovery; EE – capitalize on expansion projects
27 PT – transition year with signs of recovery EE – capitalize on expansion projects Limited impact of military conflict in the Middle East so far – situation closely monitored PT Division: Transition year 2026: Recovery signals from international and offshore markets For H1 2026 sales expecte
Slide 28: Mid- to long-term fundamentals for O&G are intact
28 Despite short-term uncertainty due to the Middle East conflict mid-to long-term fundamentals for O&G are intact Mid- to long-term fundamentals remain strong: - O&G remain key with 49% share of 1 global energy mix through 2050 - Oil demand expected to rise from 104 to 113 mb/d and LNG from 560 t
Slide 29: Focused execution on diversification
29 Focused execution on diversification Growth expected in next-generation geothermal drilling and completion, as well as CCS, lithium, and helium projects − Geothermal energy expected to attract investments of more than USD 120 billion between 2025 and 2035; overall markets for helium are forecas
Slide 30: Navigating challenges. Shaping the future.
30 Navigating challenges. Shaping the future. 1 2 Proven track record in cycle Execute growth strategy management EUR Million EBITDA % Revenue % 600 35 2014 2018 2022 30 500 Diversification Market Expansion 25 400 20 300 15 200 2025 10 Technology Operational 100 2020 5 Leadership Excellence 2016 0 0
Slide 31: Thank you for your participation
THANK YOU FOR YOUR PARTICIPATION Next company update: 21 May 2026 – Q1 results 2026 www.sbo.at