Slide 1: Full Year Results June 2024
Full Year Results 20 13 June 2024 Marc Ronchetti- Group Chief Executive Steve Gunning - Chief Financial Officer Halma
Slide 2: Marc Ronchetti, Group Chief Executive
Halma Marc Ronchetti Group Chief Executive Growing a safer, cleaner, healthier future for everyone, every day
Slide 3: Record results
Record results © Halma Confident in delivery of sustainable growth . - Halma Full Year Results 2024 - 13 June 2024 3
Slide 4: Steve Gunning, Chief Financial Officer
Halma Steve Gunning Chief Financial Officer Growing a safer, cleaner, healthier future for everyone, every day
Slide 5: Full year 2024: Record revenue and profit
Full year 2024: Record revenue and profit Strong growth and continued high returns Continued strategic investment Strong financial position; further dividend growth Revenue +10% £2,034m (FY23: £1,853m) R&D spend £107m 5.3% of revenue (FY23: £103m; 5.5%) Cash conversion 103% (FY23: 78%) EBIT! +12% EB
Slide 6: Strong organic revenue growth
Strong organic revenue growth © Halma +5.0% (0.3)% (2.8)% | | — ne 49.8% £1,853m Of which price c.3% FY23 occy'! Acquisitions Disposals Currency FY24 1: On an organic constant currency basis. Halma Full Year Results 2024 - 13 June 2024
Slide 7: Broad-based revenue growth
Broad-based revenue growth Revenue and revenue change by destination, FY24 Reported Other +12% Asia Pacific (3)% USA +15% UK +5% Europe +11% Halma Full Year Results 2024 - 13 June 2024 © Halma Organic constant currency Other +5% Asia Pacific (3)% USA +15% UK +4% Europe +4%
Slide 8: Adjusted EBIT bridge
Adjusted EBIT! bridge © Halma Adjusted EBIT' margin 20.8% 47.6% 0.2% (2.9) % £424.0m —— | [ttt +7.2% Adjusted EBIT' margin 20.4% £378.2m FY23 Occy? Acquisitions Disposals Currency FY24 1. Adjusted EBIT is profit before interest and taxation, amortisation and impairment of acquired intangibles, acqui
Slide 9: Safety: strong revenue growth and margin recovery
Safety: strong revenue growth and margin recovery Revenue £824m: +11% Organic ccy' +6% Profit? £192m: +26% Organic ccy! +16% Profit? margin 23.3% FY23: 20.5% 1: On an organic constant currency basis. 2: Sector profit before amortisation and impairment of acquired intangibles, acquisition items, Asia
Slide 10: Environmental & Analysis: very strong revenue growth
Environmental & Analysis: very strong revenue growth © Halma Revenue £658m: +19% Organic ccy'! +21% Profit? £148m: +10% Organic ccy! +11% Profit? margin 22.5% FY23: 24.3% Revenue by destination Other 9 Asia Pacific H % (21)% 0% occy (19) % occy USA UK +40% 413% +43% occy +14% occy Europe +9% +5% occ
Slide 11: Healthcare: subdued result; good M&A contribution
Healthcare: subdued result; good M&A contribution Revenue £553m: (1)% Organic ccy' (3)% Profit? £126m: (4)% Organic ccy' (7)% Profit? margin 22.7% FY23: 23.4% Revenue by destination Other (5)% x Asia Pacific (6)% occy (6)% (4)% occy UK USA (1)% (4)% (2)% occy (6)% occy Europe +15% +11% occy R&D spen
Slide 12: Net debt and cash flow
Net debt and cash flow © Halma 0 EBITDA Interest costs Eseom EBITDA £27.6m FY23: £432m (100)m FY23: £16.9m op i ease Working capital £(200)m capital additions i outflow Capex Effective tax rate £19m 21.5% FY23: FY23: 20.2% £96m outflow — £(500)m Cash conversion £(400)m Dividend spend 103% £78.2m FY2
Slide 13: Performance against financial KPIs
Performance against financial KPls © Halma Acquisition profit ** Organic revenue* Organic profit* EPS growth Pre interest: +6.6% +7.9% +7.2% +7.9% ° . Post interest: +3 . 6% . Threshold 5% Threshold 5% Threshold 10% Threshold 5% cereal Cash cabvarsion invested Capital Adjusted EBIT margin 5.3% 103%
Slide 14: Strong and sustainable growth model
Strong and sustainable growth model © Halma Revenue (£m) £2,034m Adjusted EBIT' (£m) £424m 2,200 4 450 4 2,000 4 400 + 10-year CAGR 10-year CAGR 1,800 4 350 12% 11% 1,600 + 300 1,400 1,200 250 1,000 200 800 150 600 100 400 200 50 0 0 FYI5 FYI6 FYI7 FYI8 FYI9 FY20 FY21 FY22 FY23 FY24 FYI5 FY16 FYI7 F
Slide 15: FY25 guidance
FY25 guidance © Halma Positive start to FY25 Order intake ahead of revenue and comparable period Expect good FY25 OCCY revenue growth FY25 Adjusted EBIT margin around 21%, in middle of target range Well positioned for further progress Halma Full Year Results 2024 - 13 June 2024 15
Slide 16: Marc Ronchetti, Group Chief Executive
Halma Marc Ronchetti Group Chief Executive Growing a safer, cleaner, healthier future for everyone, every day
Slide 17: Sustainable Growth Model: our priorities
Sustainable Growth Model: our priorities C©Halma 26: Xe Organic growth Inorganic growth Optimising returns on investments Maintaining the agility of our business model Halma Full Year Results 2024 - 13 June 2024 7
Slide 18: Our purpose in action (video)
Our purpose in acti (video) | Halma
Slide 19: Our purpose in action
Our purpose in action Halma Full Year Results 2024 - 13 June 2024 € Halma Unites us behind a common goal Powers every decision we make Defines our choice of markets Attracts ambitious, entrepreneurial people Gives us significant growth opportunities Solutions to long-term, fundamental challenges 19
Slide 20: Built for growth
Built for growth Halma Full Year Results 2024 - 13 June 2024 20
Slide 21: Built for growth
Built for growth C©Halma 1. Portfolio 2. Agility 3. Talent & Culture Halma Full Year Results 2024 - 13 June 2024 21
Slide 22: 1. Portfolio: diverse solutions to global challenges
1. Portfolio: diverse solutions to global challenges ¢C Halma Unified by our purpose Operate in high value niches - Diverse by: ales medics! SECENTRAK polcen Be FIRETEACE Gy NAWISC)) | @dancutter == j ee a REA = > Sector @ronmss | pester CONSE SPOrame ge a ivenced Limotec trons Zpollo peroween SSG Y
Slide 23: Halma
Halma 23 Halma Full Year Results 2024 - 13 June 2024
Slide 24: Halma
Halma Halma Full Year Results 2024 - 13 June 2024 24
Slide 25: Halma
Halma Halma Full Year Results 2024 - 13 June 2024 25
Slide 26: 1. Portfolio: growing our portfolio
1. Portfolio: growing our portfolio ¢C Halma Environmental & Analysis Healthcare Disciplined approa 4 standalone pou SEWERTRONICS Rovers? isi} spend FY24 4 bolt-ons £62m spend FY24 1 disposal £3m proceeds FY24 FY25 to date 1 acquisition 1 disposal Financial data indicates the maximum total considera
Slide 27: 1. Portfolio: growing our portfolio
1. Portfolio: growing our portfolio © Halma Positive M&A momentum Healthy pipeline >600 companies M&A expertise reinforced Strong balance sheet; healthy cash generation Confident in acquisitions supporting our future growth Halma Full Year Results 2024 - 13 June 2024 27
Slide 28: 2: Agility
2: Agility Halma Full Year Results 2024 - 13 June 2024 © Halma There’s the freedom to grow the business and be entrepreneurial, while also having the support of a bigger group behind you.” Kathy Ouelette President, Perma Pure Group 28
Slide 29: 2: Agility - in action
2: Agility - in action © Halma HWAA Doubling production capacity ~ a ~ New markets in India SEUTRIZ GROUP New global distributor platform Ne m NOVABONE’ Best outcome. Back to life. XX Rapid response to China opportunity w Agile response to change in fire regulation »\ Orama The future of protection
Slide 30: Why talent matters at Halma
Why talent matters at Halma? Our decentralised model requires exceptional leaders who can grow each business as if it were their own. Halma Full Year Results 2024 - 13 June 2024 What we look for Core characteristics Ability to learn from experience How we assess High Intellect and Good Judgement Lea
Slide 31: Confidence in the future
Confidence in the future © Halma Halma Full Year Results 2024 - 13 June 2024 31
Slide 32: Halma
Halma Growing a safer, cleaner, healthier future for everyone, every day
Slide 33: Appendices
Appendices — Halma
Slide 34: Adjusted profit bridge
Adjusted profit! bridge © Halma 44.5% 0.1% (2.9)% £396.4m +8.0% £361.3m FY23 Occy? Acquisitions Disposals Currency FY24 1. Profit is profit before tax, amortisation and impairment of acquired intangibles, acquisition items, significant restructuring costs, and profit or loss on disposal of operation
Slide 35: First half, second half and full year FY24
» Halma First half FY24 Second half FY24 Full year FY24 Reported profit? £218.9 (+15.5%) Organic profit?:> +15.2% EBIT! margin 21.6% Return on Sales 20.2% 1, EBIT is Profit? before interest. 2. Profit is profit before tax, amortisation and impairment of acquired intangibles, acquisition items, signi
Slide 36: Sector performances
Sector performances Revenue Environmental & Analysis +19.3% Safety +10.5% Healthcare (0.6)% © Halma Profit* Safety Environmental & Analysis *29.6% +10.2% Healthcare (3.5)% * For the sectors, profit represents adjusted operating profit before central administration costs, after share of associate. Ad
Slide 37: Sector performances: Organic constant currency
Sector performances: Organic constant currency Revenue Environmental Safety & Analysis +6.2% +20.8% Healthcare (2.6)% Profit* Environmental & Analysis +10.9% Safety +15.5% Healthcare (6.7)% * For the sectors, profit represents adjusted operating profit before central administration costs, after shar
Slide 38: Safety Sector
Safety Sector Revenue 1: See notes on slide 41. 2: On an organic constant currency basis Halma Full Year Results 2024 - 13 June 2024 +6.8% (0.2)% (2.3)% £823.8m a ee | +1 0 . 5% +6.2% £745.6m | | a FY23 occy Acquisitions Disposals Currency FY24 £191.6m +12.5% +0.3% (2.7)% 5 — +25.6% sx a £152.5m ||
Slide 39: Environmental & Analysis Sector
Environmental & Analysis Sector © Halma +3.1% (0.8)% (3.8) % £658.4m Revenue £552.1m a FY23 occy Acquisitions Disposals Currency FY24 +2.6% -% (3.3)% £147.9m +10.9% | | +10.2% £134.2m — FY23 occy? Acquisitions Disposals Currency FY24 1: See notes on slide 41. 2: On an organic constant currency basis
Slide 40: Healthcare Sector
Healthcare Sector © Halma +4.6% -% (2.6)% £552.9m £556.4m (2.6)% — (0.6)% —— ae (roun ) — FY23 occy Acquisitions Disposals Currency FY24 £130.1m 7)% (6.7)% 14.9% % 1.79% £125.6m - oo —+ FY23 occy? Acquisitions Disposals Currency FY24 1: See notes on slide 41. 2: On an organic constant currency basis
Slide 41: Sector history
Sector history lem fs 2018/19 | 2019/20 | 2020/21) 2021/22 | 2022/23 | 2023/24 Revenue Safety Environmental & Analysis? Healthcare* Inter-segment sales Group revenue Sector profit! Safety Environmental & Analysis? Healthcare* Segment profit Central costs EBIT Net finance costs Profit 564.8 321.3 325
Slide 42: Currency effects
Currency effects © Halma Puss | sechange | Euro | So change | Average rates 1.26 1.21 4.3% 1.16 1.16 -% versus Sterling 9 SCT var every 1 se USS (~50% of total) | Euro (~13% of total) change Revenue c.£10m c.£3m Profit c.£2m c.£0.6m * Based on FY24 results. Halma Full Year Results 2024 - 13 June 202
Slide 43: Profit adjustments
Profit adjustments* ©Halma FY24 FY23 Intangible amortisation and (49.5) (56.5) impairment Acquisition items** (7.1) (13.3) Disposal of operations 0.5 = (56.1) (69.8) * items (charged)/credited in arriving at statutory profit. ** including acquisition costs, adjustment to acquisition contingent consi
Slide 44: Pensions
Pensions © Halma en) PESO FORT n Seas 31 March 2024 31 March 2023 * Discount rate 4.75% (31 March 2023: 4.75%) * Closed DB to future accrual December 2014 Halma Full Year Results 2024 - 13 June 2024
Slide 45: Acquisition contribution
Acquisition contribution © Halma Run-rate at Actual* Run-rate at acquisition acquisition (£m) (£m) (£m) Revenue 89.8 93.2 39.3 Operating profit 30.2 28.9 13.2 Profit (net of financing cost) 17.7 16.4 6.7 Return on Sales** (%) 33.6 31.0 33.7 The table above gives the results for IZ Medical, WEETECH,
Slide 46: Full Year 2025 forecasts
Full Year 2025 forecasts € Halma Capex c.£38m £35.2m Effective tax rate 1 c.22.5% 21.5% Central costs c.£47m £41.1m Net finance expense 2,3 c.£27m £27.6m Pension contributions £0.8m £4.4m Notes: 1. FY25 based on expected mix of profit. 2. Assuming no further acquisitions. 3. _FY25 includes estimated
Slide 47: Disclaimer
Disclaimer This document contains statements about Halma plc that are or may be forward-looking statements. Forward-looking statements include statements relating to (i) future capital expenditures, expenses, revenues, earnings, synergies, economic performance, indebtedness, financial condition, div