Slide 1: Bekaert Q1 2026 Trading Update
Bekaert Q1 2026 Trading Update 13 May 2026
Slide 2: Safe harbor
Safe harbor This presentation may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results
Slide 3: Agenda
Agenda 1 Introduction and highlights Yves Kerstens, CEO Yves Kerstens CEO 2 Financial review Seppo Parvi, CFO 3 Outlook Yves Kerstens, CEO Seppo Parvi CFO 3
Slide 4: Introduction and highlights
Yves Kerstens, CEO Introduction and highlights 4
Slide 5: Q1 2026 trading update
Q1 2026 trading update1 Stable like-for-like sales in Q1 • +3% like-for-like volume growth • -3% price-mix effects • Consolidated sales -7%, driven by FX (-5%) and Latin America disposals (-3%) Sales Proactive actions to sustain profitability • Ongoing geopolitical and trade uncertainty, inflation a
Slide 6: Financial review
Seppo Parvi, CFO Financial review 6
Slide 7: Q1 2026 sales bridge
Q1 2026 sales bridge in millions of € 32 -45 Stable like-for-like sales performance -31 -30 +3% volume growth • RR: Volume growth in Asia and North America, Unfavorable mix impact: SWS Latam disposal lower volumes in Europe • RR: more sales in China • SWS: Volume growth in energy & utilities in 991
Slide 8: Volume growth in RR and SWS
Volume growth in RR and SWS Rubber Reinforcement (RR) Steel Wire Solutions (SWS) 24 27 -16 -11 11 4 -26 -31 429 430 438 280 238 253 1 Q1-25 FX HCB move Q1-25 Volume RM, Q1-26 Q1-25 FX Portfolio Q1-25 Volume RM, Q1-26 like-for-like price-mix change like-for-like price-mix • Strong volume growth in As
Slide 9: Mixed performance across BBRG and Specialty Businesses
Mixed performance across BBRG and Specialty Businesses Bridon-Bekaert Ropes Group (BBRG) Specialty Businesses (SpB)1 -3 -5 0 -16 -27 -5 141 135 119 140 109 105 Q1-25 FX Q1-25 Volume RM, Q1-26 Q1-25 FX HCB move Q1-25 Organic Q1-26 like-for-like price-mix like-for-like • Macroeconomic uncertainty impa
Slide 10: Summary and outlook
Yves Kerstens, CEO Summary and outlook 10
Slide 11: Summary and outlook
Summary and outlook Strategic transformation has made Bekaert more resilient • Improved product portfolio • Actions taken to protect margins and cash flows 2026 outlook unchanged • Exited lower margin businesses Increasing geopolitical risk, regulatory actions and Middle East conflict increasing unc
Slide 12: Classification: Public Information
Classification: Public Information 12
Slide 13: Bekaert
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