Slide 1: Half Year Results 2025
Half Year Results 2025 21 November 2024 Marc Ronchetti- Group Chief Executive Steve Gunning - Chief Financial Officer Halma
Slide 2: Introduction
Introduction Marc Ronchetti Group Chief Executive Growing a safer, cleaner, healthier future for everyone, every day
Slide 3: Record H1 revenue, profit and dividends
Record H1 revenue, profit and dividends € Halma Strong margin, high returns and cash generation Continued strategic investment Halma Half Year Results 2025 - 21 November 2024 3
Slide 4: First half results: sustainable compounding growth
First half results: sustainable compounding growth © Halma Revenue (£m) Adjusted! EBIT(£m) 1200 5 £1,074m 240 220 4 200 4 180 £223m 10-year CAGR 12% 1000 4 10-year CAGR 12% 800 160 140 600 120 100 400 80 60 200 40 20 0 0 Hi: 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 Hi: 15/16 16/17
Slide 5: Financial Review
Financial Review Steve Gunning Chief Financial Officer future for everyone, every day | Growing a safer, cleaner, healthier
Slide 6: Half year 2024/25: Record first half results
Half year 2024/25: Record first half results Revenue Strong growth and +13% high returns £1,074m (H1 23/24: £951m) R&D id Continued spen strategic £54m investm 5.0% of revenue (H1 23/24: £50m; 5.3%‘) , Cash conversion Strong financial position 108% dividend growth (H1 23/24: 96%) EBIT! +17% margin:
Slide 7: Strong organic revenue growth
Strong organic revenue growth © Halma +3.5% £1,074.3m — 13.0% —« Ee = ~* (1.6)% £950.5m H1 2023/24 Organic Acquisitions Disposals Currency H1 2024/25 Halma Half Year Results 2025 - 21 November 2024
Slide 8: Revenue growth across all regions
Revenue growth across all regions © Halma Revenue and revenue change by destination, H1 2024/25 Reported Organic constant currency Other Other +8% +7% Asia Pacific +11% Asia Pacific +11% USA +22% USA £1,074m | 20/5 +22% UK +6% UK +4% Europe Europe +2% (1)% Halma Half Year Results 2025 - 21 November
Slide 9: Adjusted EBIT bridge
Adjusted Adjusted EBIT' bridge farmesin © Halma 20.7% +4.1% 0.2% £222.5m —_ +14.8% (1.9) % Adjusted EBIT' margin 20.0% £189.9m H1 2023/24 Occy? Acquisitions Disposals Currency H1 2024/25 1. Adjusted EBIT is profit before interest and taxation, amortisation and impairment of acquired intangibles, acq
Slide 10: Safety Sector
Safety Sector Revenue £445m: +11% Organic ccy' +10% Profit? £108m: +20% Organic ccy' +18% Profit? margin 24.2% H1 23/24: 22.3% Revenue by destination Other +9% 9% occ USA +14% Asia Pacific +12% occy +15% +18% occy UK +9% +8% occy Europe +7% +4% occy © Halma R&D spend £25m: +16% H1 23/24: £22m R&D %
Slide 11: Environmental & Analysis Sector
Environmental & Analysis Sector Revenue £361m: +27% Organic ccy! +27% Profit? £82m: +38% Organic ccy! +36% Profit? margin 22.8% H1 23/24: 20.9% © Halma Revenue by destination Other Asia Pacific +3% R&D spend +7% +2% occy £14m: +9% H1 23/24: £13m +4% occy UK R&D % of revenue USA +8% +42% 3.9% +7% occ
Slide 12: Healthcare Sector
Healthcare Sector © Halma Revenue by destination Other Revenue 49% R&D spend £269m: +1% 17% oe £14m: (6)% Organic ccy' (3)% Asia Pacific y H1 23/24: £15m? +9% +4% occy Profit? R&D % of revenue £56m: (10)% UK USA 5.4% Organic ccy' (13)% (9)% +6% H1 23/24: 5.8%3 (12)% occy +3% occy Profit? margin Euro
Slide 13: Net debt and cash flow
Net debt and cash flow © Halma EBITDA ¢ ° ll J Net finance costs 300)m £254m — £0) £13.3m H1 23/24: £218m H1 23/24: £12.4m Working Working capital EBITDA CoPital inflow £(400)m —_— i Effective tax rate £5m 7 22.4% H1 23/24: additions | FY24: 21.5% £18m outflow Capex £(500)m Cash conversion Dividend
Slide 14: Performance against financial KPIs
Performance against financial KPls Organic revenue* +11.5% Threshold 5% Cash conversion 108% Threshold 90% * At constant currency. Organic profit* +14.8% Threshold 5% R&D investment (% of revenue) 5.0% Threshold 4% Acquisition profit ** +8.6% Threshold 5% Return on Total Invested Capital 14.3% Range
Slide 15: FY25 guidance
FY25 guidance © Halma Order intake ahead of revenue and prior year Well positioned for further progress in H2 Halma Half Year Results 2025 - 21 November 2024 15
Slide 16: Growing a safer, cleaner, healthier future
er, cleaner, healthier everyone, every day
Slide 17: Enabling successful delivery of results
Enabling successful delivery of results Deep market Expanding our understanding diverse portfolio Halma Half Year Results 2025 - 21 November 2024 © Halma Investing in talent and culture 7
Slide 18: Video
Video https://youtu.be/ZutwENCOt38 (click to view) Halma
Slide 19: Our purpose
Our purpose Our purpose is to grow a safer, cleaner, healthier future for everyone, every day. Halma Half Year Results 2025 - 21 November 2024 © Halma 19
Slide 20: Deep market understanding
Deep market understanding © Halma Resilient markets . * Non-discretionary Purpose as a driver + Non-cyclical portfolio ‘ol * Positive impact * — Life-critical products Confidence in future delivery Long-term growth drivers * Growing needs for our companies’ solutions Understanding customer needs * C
Slide 21: Expanding our diverse portfolio: acquisitions and disposal
Mi May 2024 HATHORN: — °°22:20%4 “oam\ November 2024 NOURY TEST SYSTEMS Standalone INSPECTION CAMERAS Minicam bolt on meeress Standalone Bolt ons for technology ket reach Recycling capital- disposal GLOBAL FIRE Advantronic REM/LIVE PE SAFE-COM HYDREKA June 2024 July 2024 July 2024 November 2024 May
Slide 22: Investing in talent and culture
Investing in talent and culture Halma Half Year Results 2025 - 21 November 2024 22
Slide 23: Video
Video https://youtu.be/iOVtagLJVD8 (click to view) Halma
Slide 24: Investing in talent and culture
Investing in talent and culture © Halma Halma Accelerate 2024 - Leadership event Halma Half Year Results 2025 - 21 November 2024 24
Slide 25: The power of the network
The power of the network So many areas of collaboration that are possible. Melissa Blashka President, Sensorex It’s very easy to talk to anyone. It’s not hierarchical. Elmar Koch CEO, BEA Sensors Halma Half Year Results 2025 - 21 November 2024 © Halma We're part of a larger support structure with pe
Slide 26: Halma
Halma Halma Half Year Results 2025 - 21 November 2024 26
Slide 27: The power of the network
The power of the network So many areas of collaboration that are possible. Melissa Blashka President, Sensorex It’s very easy to talk to anyone. It’s not hierarchical. Elmar Koch CEO, BEA Sensors Carolin Archibald CEO, Novabone Halma Half Year Results 2025 - 21 November 2024 © Halma We're part of a
Slide 28: Confidence in the future
Confidence in the future € Halma ...long-term drivers underpinning compounding growth ...exceptional talent and a collaborative culture. Well positioned to make further progress Halma Half Year Results 2025 - 21 November 2024 28
Slide 29: Questions
Slide 30: Appendices
Appendices Halma
Slide 31: Sector performances
Sector performances Revenue Environmental Safety & Analysis +11.0% +27.0% Healthcare +1.0% © Halma Profit* Environmental Safety & Analysis +20.2% SEY) 438.4% Healthcare (10.4)% * For the sectors, profit represents adjusted operating profit before central administration costs, after share of associat
Slide 32: Sector performances: Organic constant currency
Sector performances: Organic constant currency Revenue Environmental Safety & Analysis +9.6% +27.2% Healthcare (2.5)% Profit* Environmental & Analysis +36.0% Safety +18.4% Healthcare (12.8)% * For the sectors, profit represents adjusted operating profit before central administration costs, after sha
Slide 33: Safety Sector
Safety Sector £444.7m +3.0% +11.0% +9.6% =a —_—_—_— a (0.3)% (1.3) % Revenue £400.7m | | | H1 2023/24 occy Acquisitions Disposals Currency H1 2024/25 42.7% +0.8% a om +18.4% _ | +2U. 2 /o a (1.7)% | J £89.5m |_| H1 2023/24 occy? Acquisitions Disposals Currency H1 2024/25 1: See notes on slide 36. 2:
Slide 34: Environmental & Analysis Sector
Environmental & Analysis Sector © Halma £360.9m +27.2% +2.8% +27.0% I —— ——— (1.0)% (2.0)% Revenue £284.1m —— | H1 2023/24 occy Acquisitions Disposals Currency H1 2024/25 £82.1m 4.9% AY 436.0% + fo +38.4% _ _ _ £59.3m | H1 2023/24 occy? Acquisitions. Disposals Currency H1 2024/25 1: See notes on sli
Slide 35: Healthcare Sector
Healthcare Sector © Halma £269.0m +5.2% 9% +1.0% £266.3m “” aT 7)% nevenue = o_ es H1 2023/24 occy Acquisitions Disposals Currency H1 2024/25 £62.4m £55.9m | +3.8% 9, (10.4) % | -ho ed 9 H1 2023/24 occy? Acquisitions Disposals Currency H1 2024/25 1: See notes on slide 36. 2: On an organic constant c
Slide 36: Sector history
Sector history fem tarerz0 | conor | naman | nomi7s | aors/ea | 2024/25) ee Safety Healthcare? Revenue Group revenue Safety Sector profit’ Healthcare* Segment profit Central costs EBIT Net finance costs Profit Environmental & Analysis? Inter-segment sales Environmental & Analysis? 314.1 173.2 166.5
Slide 37: Currency effects
Currency effects © Halma poss change | Euro |e change | P| 2024/25] H12023/24) =| H1.2024/25 | H12023/24| Average rates 1.28 1.26 41.7% 1.18 1.16 +1.8% versus Sterling Movement for every 1% change* | USS (~50% of revenue) | Euro (~12% of revenue) Revenue £5.5m £1.3m Profit £1.3m £0.3m * Based on H1
Slide 38: Profit adjustments
Profit adjustments* H1 2024/25 Intangible amortisation and (27.9) impairment Acquisition items** (9.3) Disposal of operations 3.0 Impairment of associate company (1.0) (35.2) * items (charged)/credited in arriving at statutory profit. € Halma H1 2023/24 (23.4) (4.4) 0.5 (27.3) ** including acquisiti
Slide 39: Pensions
Pensions © Halma en) PESO FORT n Seas 30 September 2024 31 March 2024 * Discount rate 5.0% (31 March 2024: 4.75%) * Closed DB to future accrual December 2014 * Buy-in policies purchased in September 2024 for the Group’s two main defined benefit schemes with no P&L or cash flow impact. These policies
Slide 40: Full Year 2025 forecasts
Full Year 2025 forecasts c.£38m c.22.5% c.£47m c.£27m £0.8m Capex Effective tax rate 1 Central costs Net finance expense 2,3 Pension contributions Notes: 1. FY25 based on expected mix of profit. 2. Assuming no further acquisitions. 3. FY25 includes estimated £3.7m lease financing charge under IFRS 1
Slide 41: Disclaimer
Disclaimer © Halma 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 condit