Slide 1: H1 2025 Results presentation
H1 2025 Results presentation July 28th, 2025 © Gestamp 2025 1
Slide 2: Disclaimer
disclaimer This presentation has been prepared solely for use at this presentation of our results as of and for the quarter ended June 30th, 2025. By attending the conference call meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following l
Slide 3: Index
INDEX PRESENTATION KEY HIGHLIGHTS FOR H1 2025 FINANCIAL OVERVIEW OUTLOOK AND REMARKS © Gestamp 2024 2025 3
Slide 4: Key highlights of H1 2025
Key highlights of H1 2025 Revenues EBITDA1 FCF2 €5,844m €651m Positive Auto Business at FX constant EBITDA Margin(1) FCF Generation(2) -1.1% -0.9% 12.0% 11.1% €182m €99m Q2 2025 H1 2025 Q2 2025 H1 2025 Q2 2025 H1 2025 Strong delivery in H1 2025 bringing visibility to reaching our FY 2025 guidance 1.
Slide 5: Auto production: solid growth in H1 driven by Asia
Auto production: solid growth in h1 driven by asia Light Vehicle Production Volumes(1) -2.6% Quarters Volumes Production +1.2% 31.1% First Quarter Second Quarter 42.4 43.4 40.8 41.3 39.6 39.8 Western Western NAFTA Asia NAFTA Europe(2) Asia Europe(2) 35.8 35.1 -5.2% -3.9% +10.4% -2.3% -2.0% +6.1% 27.
Slide 6: Gestamp revenues performance compared to the market
Gestamp revenues performance compared to the market H1 2025 Gestamp Auto Business Revenue Growth at FX Constant(1) vs. Market Production Growth in Gestamp Footprint Eastern Europe Gestamp Auto Business 11.5% Western Europe at FX constant Market Gestamp NAFTA -3.0% -4.2% -2.4% -4.6% -3.7% Market Gest
Slide 7: Revenues strongly impacted by forex
Revenues strongly impacted by forex YoY Reported Revenue (€m) Bridge Chart -4.8% YoY 6,140 -36 -55 -205 5,844 Gescrap top line Negative organic Negative forex impacted by the growth driven by evolution mainly decline in scrap Western Europe due to currencies in prices during 2025 and NAFTA Turkey, B
Slide 8: A record profitability for a second quarter
A record profitability for a second quarter Auto Business Revenues & EBITDA YoY - excluding Phoenix Extraordinary Cost(1) % EBITDA Margin(1) Revenues EBITDA 12.1% 11.1% +101 bps Gestamp has been 2,927 2,740 implementing structural and Despite a difficult short-term actions measures to market context
Slide 9: Delivery on Phoenix plan on track
Delivery on phoenix plan on track NAFTA excluding Phoenix Extraordinary Plan In a complex market Revenues EBITDA % EBITDA Margin environment Production volumes in NAFTA(1) Sequential EBITDA Margin c.8% H1 2025 improvement FY2025 Target Extraordinary quarter-on-quarter in 2025 % YoY Evolution impacts
Slide 10: Gescrap: good performance despite scrap prices decline
Gescrap: good performance despite scrap prices decline Scrap prices evolution EBIT (€) / Scrap H1’24 vs H1’25 Managed (Tons) Bolt-on acquisition in Spain -441 bps ❖ Founded in 1970, López -12%(1) +1%(1) -9% (2) -21%(3) Soriano is headquartered in 21.2 16.8 Zaragoza (Northeast of Spain) - a key logis
Slide 11: Index
INDEX PRESENTATION KEY HIGHLIGHTS FOR H1 2025 FINANCIAL OVERVIEW OUTLOOK AND REMARKS © Gestamp 2025 11
Slide 12: Financial Performance in H1 2025
Financial Performance in H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 Reported Reported Excluding Phoenix(2) Excluding Phoenix(2) (In €m) Total Revenue 6,140 5,844 6,140 5,844 EBITDA 642 641 654 651 EBITDA margin (%) 10.5% 11.0% 10.6% 11.1% EBIT 285 286 297 295 EBIT margin (%) 4.6% 4.9% 4.8% 5.0% Net Inc
Slide 13: Geographic diversification supporting performance
Geographic diversification supporting performance Revenues (€m) EBITDA (€m) EBITDA Margin (%) H1 2024 H1 2025 Var. (%) H1 2024 H1 2025 Var. (%) H1 2024 H1 2025 Western Europe 2,204 2,117 -3.9% 239 217 -9.1% 10.9 10.3 Eastern Europe 948 999 +5.4% 118 153 +29.9% 12.4 15.3 NAFTA1 1,294 1,149 -11.2% 86
Slide 14: Record FCF generation in Q2 providing strong visibility for the FY
Record fcf generation in q2 providing strong visibility for the fy Strong positive FCF(1) generation of €182m(1,2) in the second quarter… (In €m) Excluding Net Debt Decrease in Net Debt Reported Phoenix Q1 2025 Net Debt Q2 2025 176 182 6 73 77 11 14 -77 Decrease in Minority Dividends FX Impact Free
Slide 15: Preserving a strong financial profile
Preserving a strong financial profile Maintaining First Half Deleverage Path Net debt to LTM EBITDA (x) Net Debt in €m 4.0x 2.8x Reducing Net 3,037 Debt levels 2.4x 2.4x 2,888 2.3x 2.2x 1.6x 1.7x 1.7x 2,480 2,300 2,209 2,224 2,191 2,080 2,141 H1 2017 H1 2018 H1 2019 H1 2020 H1 2021 H1 2022 H1 2023 H
Slide 16: Partnering with Santander to reinforce our balance sheet
PARTNERING WITH SANTANDER TO REINFORCE OUR BALANCE SHEET Strategic Rationale Santander Bank takes a blended c.38.6% stake in a set of Propcos owners of all Gestamp’s Spanish Real Estate Assets through the creation of new type B preferential shares Crystalizing value from Gestamp’s Assets while… Sa
Slide 17: Index
INDEX PRESENTATION KEY HIGHLIGHTS FOR H1 2025 FINANCIAL OVERVIEW OUTLOOK AND REMARKS © Gestamp 2025 17
Slide 18: 2025 expected to be a stable year despite uncertainty
2025 expected to be an stable year despite uncertainty A better-than-expected H1 leading to upward revisions for FY 2025 despite uncertainty around tariffs in key regions such as USA, European Union and China LV Production(1) in S&P Global Mobility Geographies (Mveh) +0.4 2025 Volumes boosted by YoY
Slide 19: A sustainable strong financial profile
A sustainable strong financial profile Within a context of limited market growth and high uncertainty, Gestamp is working to reinforce its financial profile and preserve its leading position within an industry undergoing a fast and in-depth transformation REINFORCING Profitability WITHOUT GROWTH Str
Slide 20: Guidance 2025
Guidance 2025 Reiterating our 2025 guidance Low-single digit In line with In line with range 2024-to-a slight last year In the 2024’s range improvement ? Outperformance Auto Business Gescrap Leverage(3) FCF(4) vs market(1) Profitability(2) Despite enduring tougher market conditions resulting from
Slide 21: Closing remarks
Closing remarks H1 2025 Reinforcing our Solid Results Financial Profile Phoenix plan as key Strong profitability Strong visibility to company priority to and FCF generation in deliver FY 2025 reach EBITDA margin H1 2025 reinforcing our Guidance targets positioning © Gestamp 2025 21
Slide 22: Clear roadmap for the long run
Clear ROADMAP FOR THE long 2027 run… Strategic pillars 02 Trusted Partner Supplier 03 Technology & Innovation to be Differential 01 Growth Ambition Gestamp 04 Operational Excellence the Partner supplier 07 05 Pioneering the Profitable Circular Economy Growth 06 Disciplined Balance Sheet Profile © Ge
Slide 23: Gestamp the Partner supplier
Gestamp the Partner supplier w w w . g e s t a m p . c o m © Gestamp 2025 23 © Gestamp 2020
Slide 24: Financial Performance in Q2 2025
Financial Performance in Q2 2025 Q2 2024 Q2 2025 Q2 2024 Q2 2025 Reported Reported Excluding Phoenix(2) Excluding Phoenix(2) (In €m) Total Revenue 3,090 2,861 3,090 2,861 EBITDA 331 341 338 343 EBITDA margin (%) 10.7% 11.9% 11.0% 12.0% EBIT 150 165 158 168 EBIT margin (%) 4.9% 5.8% 5.1% 5.9% Net Inc
Slide 25: Appendix – alternative performance measures
Appendix – alternative performance measures This results presentation and any related conference call or webcast (including any related question and answer session) (the "Presentation"), in addition to financial information detailed in the Gestamp Group´s financial statements prepared in accordance