Renishaw Plc · LSE:RSW
Renishaw — H1 2026 Earnings Presentation
19 slides from Renishaw's earnings presentation, Feb 11, 2026
Slide 1: Transforming tomorrow together
Transforming tomorrow together Interim results 11 February 2026
Slide 2: FY2026 H1 highlights
FY2026 H1 highlights Strong H1 performance and a growing order book ► Double-digit constant currency revenue growth ► Growth for all segments, with significant progress in our emerging businesses ► Important new product introductions in Industrial Metrology and Specialised Technologies ► Operating m
Slide 3: H1 key performance indicators
H1 key performance indicators Strong growth in a Improved operating Improving profit & Growth impact mixed economy margins return on capital on cash Constant currency Gross Adjusted profit Proposed interim revenue growth1 engineering costs5 before tax3 dividend per share £365.6m / +11.5% £50.8m / -8
Slide 4: H1 FY2026 Revenue and adjusted profit growth
H1 FY2026 Revenue and adjusted profit growth Adjusted profit before tax bridge £m H1 H1 Growth 75 FY2026 FY2025 Growth constant FX Revenue (£m) 365.6 341.4 7.1% 11.5% 70 6.2 Adjusted operating profit (£m) 57.5 51.6 11.4% 49.6% 65 0.9 64.1 5.1 -4.5 -0.3 Adjusted operating profit margin 15.7% 15.1% 0.
Slide 5: Strong organic margin growth offsetting external headwinds
Strong organic margin growth offsetting external headwinds 2.0%pt 15.7% Margin movements 15.1% (3.6%pt) ► 3.6%pt currency impact from lower 2.4%pt forward currency contracts income and changing FX rates ► Tariff costs offset by surcharges, with (0.2%pt) 0.2%pt impact on margin ► 2.4%pt benefit from
Slide 6: Industrial Metrology
Industrial Metrology Growth for emerging metrology systems, stable profitability Constant FX H1 2026 H1 2025 Growth growth Revenue (£m) 212.1 203.3 4.3% 8.8% Adj. operating profit (£m) 32.2 31.0 3.9% Adj. operating profit margin 15.2% 15.3% (0.1%pt) ► Rising demand for 5-axis CMMs in Americas; stron
Slide 7: Position Measurement
Position Measurement Strong revenue & order growth, underlying margin momentum Constant FX H1 2026 H1 2025 Growth growth Revenue (£m) 110.5 102.9 7.4% 11.9% Adj. operating profit (£m) 25.9 28.5 (9.1%) Adj. operating profit margin 23.4% 27.7% (4.3%pt) ► Building momentum for optical & magnetic encode
Slide 8: Specialised Technologies
Specialised Technologies Strong AM growth and cost reduction driving step up in margin Constant FX H1 2026 H1 2025 Growth growth Revenue (£m) 43.0 35.2 22.2% 25.9% Adj. operating profit (£m) (0.6) (7.9) N/A Adj. operating profit margin (1.4%) (22.4%) 21.0%pt ► Particularly strong demand for additive
Slide 9: Return on invested capital and cash generation
Return on invested capital and cash generation Return on invested capital (ROIC) % Adjusted cash flow conversion from Sources and uses of cash £m operating activities % 25% 23.5% 100% 91% 340 16.9 20% 80% 70% 320 36.3 66% -11.5 300 -16.3 15% 60% 16.1% 68% 280 273.6 10% 12.3% 12.6% 13.2% 40% 260 -44.
Slide 10: Our focus: Achieving our growth & margin targets
Our focus Achieving our growth & margin targets to drive shareholder value ► Driving revenue growth through accelerated innovation ► Improving operating margins through focussed execution & productivity ► Profitability improvement focus on emerging businesses in each segment ► Improving cash generat
Slide 11: Long-term value creation model
Long-term value creation model Targeting high single digit through-cycle organic growth Well positioned in markets growing at >5% 1 p.a. Strategy driving consistent outperformance Manufacturing machine Industrial Growing in Increasing Extending into performance automation existing markets technology
Slide 12: Accelerating innovation
Equator-X gauge Accelerating innovation Strong recent period for new product introductions Industrial Metrology ► EQUATOR-X dual-method shop floor gauge ► MODUS IM Equator metrology software Position Measurement ► Next-gen fibre-laser encoders for wafer inspection ► ASTRiA inductive encoders develop
Slide 13: Our focus: Achieving our growth & margin targets
Our focus Achieving our growth & margin targets to drive shareholder value ► Driving revenue growth through accelerated innovation ► Improving operating margins through focussed execution & productivity ► Profitability improvement focus on emerging businesses in each segment ► Improving cash generat
Slide 14: Improving operating margins >20% through focussed execution and productivity
Improving operating margins >20% through focussed execution and productivity dependent Revenue 15.7% 2025 H1 Currency Tariffs Cost Operating 2026 Productivity Growth Target operating reduction leverage operating strategy margin margin margin | 14
Slide 15: Our focus: Achieving our growth & margin targets
Our focus Achieving our growth & margin targets to drive shareholder value ► Driving revenue growth through accelerated innovation ► Improving operating margins through focussed execution & productivity ► Profitability improvement focus on emerging businesses in each segment ► Improving cash generat
Slide 16: Profitability focus on emerging businesses
Profitability focus on emerging businesses Segment Products Maturity Future Emerging 2 Established 1 CMM sensors Established • R&D in • Rapid share • #1 / #2 attractive gain to grow • Profitable Machine tool probes Established adjacencies profit % • Growing Styli & fixturing Established Industrial C
Slide 17: Outlook
Outlook Momentum carried into H2, expect to achieve strong revenue and profit growth for the full year ► Mixed trading conditions, uncertain economy & geopolitics ► Significant opportunities from structural market growth drivers ► Exciting prospects for our latest new products ► Expect a stronger H2
Slide 18: Questions
Questions Questions ► William Lee Chief Executive Officer ► Marc Saunders Director of Group Strategic Development | 18
Slide 19: Disclaimer
Disclaimer This document contains statements about Renishaw plc that are or may be forward-looking statements. These forward-looking statements are not guarantees of future performance. They have not been reviewed by the auditors of Renishaw plc. They involve known and unknown risks, uncertainties a