Zotefoams Plc · LSE:ZTF
Zotefoams — H1 2026 Earnings Presentation
32 slides from Zotefoams's earnings presentation, Aug 5, 2026
Slide 1: 2026 Interim Results
2026 INTERIM RESULTS 05 AUG 2026 (to 30 June 2026) Ronan Cox, Group CEO Nick Wright, Group CFO 2026 Interim Results | Zotefoams plc
Slide 2: Disclaimer
2 DISCLAIMER No representation or warranty, expressed or implied, is made or given by or on behalf of Zotefoams plc (“Zotefoams”, the “Company” or the “Group”) or any of its Directors or any other person as to the accuracy, completeness or fairness of the information contained in this presentation a
Slide 3: Business Performance
3 Business Performance Ronan Cox Group CEO 2026 Interim Results | Zotefoams plc
Slide 4: Results Headlines
4 DIVERSIFICATION AND DISCIPLINED EXECUTION Results Headlines £ £ Sales Performance Earnings Cash & Funding Group Revenue Adjusted Operating Profit Balance sheet − Up 23% to £95.2m − Up 34% to £16.3m − Strong balance sheet (HY 2025: £77.4m) (HY 2025: £12.2m) − Organic growth 4% (6% at CC) − Adjusted
Slide 5: Strategy Reminder: Health & Safety Priority One
5 STRATEGY REMINDER PRIORITY ONE In 2026, Zotefoams is building on momentum of last year as our Health Expanding Beyond the Core strategy scales from execution to impact. & Safety INDUSTRY & CLOSER TO INNOVATION & M&A BEYOND HIGH PERFORMING CUSTOMER FOCUS THE CUSTOMER SUSTAINABILITY THE CORE TEAMS L
Slide 6: EMEA: Record revenue with non-footwear growth offsetting footwear normalisation
6 REGIONAL PERFORMANCE REVENUE & MARGIN EMEA £m HY 2026 HY 2025 Change Key Messages Revenue 73.6 61.4 +19.9% Record revenue with non-footwear growth more than offsetting anticipated footwear normalisation Segment profit 16.8 13.8 +21.7% – Continued momentum in Transport & Smart Tech. Segment margin
Slide 7: North America: Resilient growth led by Transport & Smart Technologies
7 REGIONAL PERFORMANCE REVENUE & MARGIN NORTH AMERICA £m HY 2026 HY 2025 Change Key Messages Revenue 18.7 14.5 +29.0% Resilient growth led by strong momentum in Transport & Smart Technologies Segment profit 3.3 1.2 +175.0% – Broad-based first-half growth across both Transport & Segment margin 17.6%
Slide 8: Asia: Strategic investments building platform for growth
8 REGIONAL PERFORMANCE REVENUE & MARGIN ASIA £m HY 2026 HY 2025 Change Key Messages Revenue 2.9 1.4 +107.1% Strategic investments building platform for future growth in Asia Segment profit 0.5 0.0 - – Strategically important to the Group’s long-term growth, Segment margin 17.2% 0.0% +1720bps despite
Slide 9: Revenue by vertical: a more balanced revenue profile
9 VERTICAL REVENUE BY VERTICAL PERFORMANCE £m HY 2026 HY 2025 Change Key Messages Transport & Smart Tech. 46.1 26.2 +76.0% A more balanced revenue profile, with growth in targeted non-footwear markets offsetting footwear Consumer & Lifestyle 31.2 38.5 -19.0% normalisation Construction & Other Ind. 1
Slide 10: Key Financials
10 Key Financials Group Revenue £95.2m Up 23.0% 2025: £77.4m Nick Wright Group CFO 2026 Interim Results | Zotefoams plc
Slide 11: H1 FY26 Key Financials
11 H1 FY26 KEY FINANCIALS Group Revenue Adjusted Operating Profit1 Adjusted Operating Margin1 £95.2m £16.3m 17.1% Up 23.0% Up 33.6% Up 130bps 2025: £77.4m 2025: £12.2m 2025: 15.8% Adjusted PBT 1 Adjusting Items PBT £15.3m £1.3m £14.0m Up 34.2% N/A Up 22.8% 2025: £11.4m 2025: £0.0m 2025: £11.4m Adjus
Slide 12: H1 FY26 Detailed Operating Performance
12 H1 FY26 DETAILED OPERATING PERFORMANCE All figures excluding adjusting items unless otherwise stated OPERATING PERFORMANCE BUSINESS UNIT PERFORMANCE INTEREST & TAX £m HY26 HY25 Change £m HY26 HY25 Change £m HY26 HY25 Change Group revenue 95.2 77.4 23% Operating profit – EMEA 16.8 13.8 22% Net fin
Slide 13: H1 FY26 Cash Generation & Net Debt
13 H1 FY26 CASH GENERATION & NET DEBT Cash Generated Working Capital Capital from Operations (Increase)/Decrease Expenditure £8.2m (£14.0m) £7.2m Down 48% £14.4m swing Down 15% 2025: £15.8m 2025: £0.4m 2025: £8.5m ROCE Net Debt1 Leverage 15.8% £39.1m 0.98x Down 130 bps Up 24% Up 44% 2025: 17.1% As a
Slide 14: H1 FY26 Movement in Net Debt
14 H1 FY26 MOVEMENT IN NET DEBT £m 2.6 0.9 1.4 0.7 (8.2) 3.0 7.2 39.1 31.5 Net debt Capital Acquisition of Net Tax Dividend Others Cash from Net debt 1.1.26 expenditure new business interest paid paid operations 30.6.26 paid 2026 Interim Results | Zotefoams plc
Slide 15: Capital Allocation Strategy
15 CAPITAL ALLOCATION STRATEGY Investing in long-term sustainable growth and shareholder value Capital Allocation Priorities 1. Organic investment in footprint, technology & innovation Combined with capital efficiency to drive towards 20% ROCE 2. Progressive dividend policy Targeting sustainable gro
Slide 16: Strategic Progress
16 Strategic Progress Ronan Cox Nick Wright Group CEO Group CFO 2026 Interim Results | Zotefoams plc
Slide 17: Industry & customer focus: diversification and revenue growth
17 Industry & customer focus STRATEGIC PROGRESS DIVERSIFICATION AND REVENUE GROWTH Key Messages Diversifying revenue streams and strengthening market access – Transport & Smart Tech. + OKC driving revenue growth, more than offsetting the anticipated footwear normalisation – OKC integration progressi
Slide 18: Close to the customer: Footwear Manufacturing Vietnam
18 Close to the customer FOOTWEAR MANUFACTURING VIETNAM 2026 Project Timeline Construction Equipment Install Qualification Q2 - Q3 Q3 Q4 Key Advantages Recent Highlights → In region scalable manufacturing. → Environment permit & construction licenses received → Footwear optimized manufacturing proce
Slide 19: Close to the customer: Footwear Innovation Centre Korea
19 Close to the customer FOOTWEAR INNOVATION CENTRE KOREA 2026 Project Timeline Construction Injection install Autoclave Install Q2 Q3 Q4 Key Advantages Recent Highlights → Accelerate materials development → Phase 1 hires in place for SCF foam. → Construction completed → Enable faster footwear → 1st
Slide 20: Executing the strategy: UK Business
20 Executing the strategy STRATEGIC PROGRESS UK BUSINESS Key Messages Proposed restructuring of UK business – Optimising UK manufacturing footprint to ensure it is aligned with future customer demand and remains fit for purpose for the long term – Repositions Croydon site around materials innovation
Slide 21: Executing the strategy: Investment in AI
21 Executing the strategy STRATEGIC PROGRESS 2.1m 6m 3.2TB INVESTMENT IN AI Technical files Academic sources Proprietary corpus Key Messages Driving productivity, innovation and growth – Customer tools powered by ZoteIQ engine driving lead generation and enabling high-accuracy material recommendatio
Slide 22: 2026 Interim Results | Zotefoams plc
22 2026 Interim Results | Zotefoams plc
Slide 23: Outlook
23 Outlook Ronan Cox Group CEO 2026 Interim Results | Zotefoams plc
Slide 24: Full Year Outlook
24 FULL YEAR OUTLOOK Strong H1 performance underpins confidence in full-year expectations and medium-term growth ambitions Full-year expectations remain unchanged Broader and more balanced business − Strong first-half trading and continued momentum support confidence in − Growth across targeted non-
Slide 25: Q&A
25 Q&A Ronan Cox Nick Wright Group CEO Group CFO 2026 Interim Results | Zotefoams plc
Slide 26: Appendices
26 Appendices 2026 Interim Results | Zotefoams plc
Slide 27: Business Overview
27 Factory / Plant Sales office Innovation Centre BUSINESS OVERVIEW Zotefoams T-FIT Material Technology UK Zotefoams UK (Kunshan) China Innovation Centre Croydon T-FIT® products Foam manufacture manufacture Head Office Zotefoams Poland London, UK Brzeg Foam manufacture Zotefoams Inc Walton, KY, USA
Slide 28: Our Investment Proposition
28 OUR INVESTMENT PROPOSITION Zotefoams is an established producer of highly differentiated technical foams used in diverse end-markets globally The Group operates in specialist markets with high barriers to entry, long product lifecycles and embedded customer relationships. As Quality of Earnings f
Slide 29: Five-Year Trading History
29 FIVE-YEAR TRADING HISTORY REVENUE & PROFIT CAPITAL EXPENDITURE & CASH GENERATION £m £m 2025 2024 2023 2022 2021 21.2 15.3 Capital expenditure 12.2 12.8 14.2 13.6 8.5 7.0 7.0 (including intangibles) 7.0 Cash generated from operations 39.7 30.4 12.1 23.0 12.2 147.8 158.5 127.4 127.0 100.8 2021 2022
Slide 30: HY26 Key Financials: Free Cash Flow and Financing
30 HY26 KEY FINANCIALS FREE CASH FLOW NET CASH USED FROM FINANCING ACTIVITIES £m HY26 HY25 £m HY26 HY25 Profit before tax 14.0 11.4 c/fwd (0.4) 6.3 Depreciation/Amortisation 6.1 4.3 Acquisition of new business, net of cash acquired (3.0) - Finance costs 1.1 0.8 Net Interest Paid (0.7) (0.5) Other 1.
Slide 31: Balance Sheet and Cash Flow
31 BALANCE SHEET CASH FLOW £m Jun-26 Jun-25 Change £m HY26 HY25 Intangible assets 22.5 0.3 >100% Profit before tax 14.0 11.4 Property, Plant & Equipment Depreciation/Amortisation 6.1 4.3 109.1 93.3 17% Finance costs 1.1 0.8 Right of use assets – ex Shincell 5.8 1.9 >100% Other 1.4 (0.7) Right of use
Slide 32: Our Market Verticals & Typical Applications
32 OUR MARKET VERTICALS & TYPICAL APPLICATIONS Consumer & Transport & Construction & Lifestyle Smart Technologies Other Industrial Premium & Ducting Equipment & Skid Insulation Footwear Aerospace Thermal Insulation Interior Trim Construction & performance soles Pipe Insulation Noise Vibration Low Di