Sbo Ag · VIE:SBO
Sbo — FY2025 Earnings Presentation
22 slides from Sbo's earnings presentation, Mar 19, 2026
Slide 1: Conference Call Results 2025
Navigating challenges. Shaping the future. Conference Call Results 2025 19 MARCH 2026
Slide 2: Important Information
4 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
6 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
8 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
9 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
10 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: Positive free cash flow generation despite acquisitions and strategic CAPEX
11 Positive free cash flow generation despite acquisitions and strategic CAPEX Cash flow from operating activities of MEUR 72.4 FREE CASH FLOW in MEUR Free cash flow at MEUR 25.5 - MEUR 34.1, adjusted for acquisition of 3T Additive Manufacturing Limited and remaining purchase price for Praxis 34
Slide 10: Balance sheet remains strong despite weaker US Dollar
12 Balance sheet remains strong despite weaker US Dollar TOTAL ASSETS: MEUR 894 Equity at MEUR 421.9 (equity ratio of 47.2%) 19.5% Current liabilities Liquid funds 31.5% MEUR 175 29% - Currency translation effects of MEUR -67.0 MEUR MEUR 279 281 Non-current liabilities - Weakening USD from 1.04 (Y
Slide 11: Net debt and gearing reflect financial discipline
13 Net debt and gearing reflect financial discipline NET DEBT AND GEARING in MEUR and % Liquid funds 100 95.5 MEUR 279 Net debt at MEUR 78.1 by YE 2025 89.5 87.2 82.3 77.9 78.1 56.0 Gearing consistently low at 18.5% by 50 47.1 YE 2025 16.9% 18.5% 0 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25
Slide 12: Business Highlights 2025
Navigating challenges. Shaping the future. Business Highlights 2025
Slide 13: Shaping the future - strategic progress in 2025
15 Shaping the future - strategic progress in 2025: Expansion of geothermal energy activities CCS, lithium and helium projects New location in Dammam, Saudi Arabia Acquisition of 3T Additive Manufacturing Market share gains in well completion Organic growth in additive manufacturing Di
Slide 14: Military Conflict Middle East
Navigating challenges. Shaping the future. Military Conflict Middle East
Slide 15: SBO presence in Middle East
17 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 16: Middle East conflict – Assessment and implications
18 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 17: Outlook
Navigating challenges. Shaping the future. Outlook
Slide 18: PT – transition year with signs of recovery; EE – capitalize on expansion projects
20 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 19: Despite short-term uncertainty mid- to long-term fundamentals for O&G are intact
21 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 20: Focused execution on diversification
22 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 21: Navigating challenges. Shaping the future.
23 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 22: Thank you for your participation
THANK YOU FOR YOUR PARTICIPATION Next company update: 21 May 2026 – Q1 results 2026 www.sbo.at