Fluidra, S.a. · BME:FDR
Fluidra — Q3 2025 Earnings Presentation
24 slides from Fluidra's earnings presentation, Oct 30, 2025
Slide 1: Q3 2025 Results
Q3 2025 RESULTS 30 OCTOBER 2025
Slide 2: Disclaimer
DISCLAIMER This document is for information purposes only and does not constitute an offer to sell, exchange or buy, or an invitation to make offers to buy, securities issued by any of the companies mentioned. This financial information has been prepared in accordance with international financial re
Slide 3: On the call today
ON THE CALL TODAY Eloi Planes Jaime Ramírez Xavier Tintoré Executive Chairman CEO CFO 3 |
Slide 4: Key messages
KEY MESSAGES • Strong Q3 performance, outperforming the market ▪ Sales up 10% in Q3 and 7% YTD1 with volume growth across all regions, and accelerated growth in Commercial Pool ▪ Good execution of the Simplification Program, compensating unfavorable mix ▪ Improved leverage with net debt to EBITDA ra
Slide 5: Strong performance despite unfavorable FX
STRONG PERFORMANCE DESPITE UNFAVORABLE FX Evol. Const. FX & • Sales up strongly, with positive volume YTD financial highlights €M 2024 2025 and price contribution and growth 25/24 Perimeter across all regions Sales 1,637 1,724 5.3% 6.6% Adjusted EBITDA 386 411 6.4% 8.3% • Adjusted EBITDA 8% higher Y
Slide 6: Strong execution and share gains
STRONG EXECUTION AND SHARE GAINS 79 1,724 % of YoY % growth at const. Sales Group’s FX & perimeter sales 1,637 27 Q3 2025 YTD 2025 YTD 2025 16 Southern Europe 8.3% 3.7% 29% (34) Rest of Europe 2.7% 4.2% 14% North America 13.0% 9.1% 43% Rest of the World 9.4% 7.5% 15% Total 9.5% 6.6% 100% (2.1%) 1.0%
Slide 7: Winning with our customers
WINNING WITH OUR CUSTOMERS Customer centricity: Attentive, extensive, committed and consistent support to our customers: • Innovative solutions • High-quality products • Dedicated technical sale support • Availability on time delivery Awarded ‘Vendor of the Year’ by three top US distributors for the
Slide 8: Growing sales, adjusted EBITDA and net profit
GROWING SALES, ADJUSTED EBITDA AND NET PROFIT YTD results €M 2024 % Sales 2025 % Sales Evol. • Sales up 5% year-on-year, with growth 25/24 across all regions Sales 1,637 100% 1,724 100% 5.3% • Gross margin slightly up YoY benefitting Gross margin 915 55.9% 968 56.1% 5.8% from the Simplification Prog
Slide 9: Simplification Program on track and delivering
SIMPLIFICATION PROGRAM ON TRACK AND DELIVERING Expected total gross savings €100m Accumulated savings to date €93m • Global procurement savings €68m • Design to Value (DtV) • SKUs rationalization Variable cost €31m • Reducing structure overlaps Fixed cost FY 2023 FY 2024 Q3 2025 FY 2025 9 |
Slide 10: CF reflects strong sales growth while deleveraging
CF REFLECTS STRONG SALES GROWTH WHILE DELEVERAGING Cash flow (abridged) and net debt YTD €M 2024 2025 Evol. 25/24 • CF from operating activities reflects Adjusted EBITDA 386 411 25 higher investment in working capital on the back of strong growth, which we Net interest paid (49) (43) 6 expect to nor
Slide 11: Summary
SUMMARY • Strong performance in Q3, on track to deliver FY guidance • Confident in our future: Guidance for FY 2025 Guidance @1.13 EURUSD ▪ Global leader in a structurally attractive Sales (€M) 2,160 - 2,220 industry well positioned to consistently generate value into the future Adjusted EBITDA (€M)
Slide 12: Appendix
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Slide 13: Why Fluidra wins
WHY FLUIDRA WINS Global leader in a structurally attractive industry, with long-term growth underpinned by resilient aftermarket 1 #1 player with unique footprint and broadest product offering. Focus on operational excellence 2 Leaders in customer-centric innovation, connectivity and sustainable poo
Slide 14: Ready for our next phase of development
READY FOR OUR NEXT PHASE OF DEVELOPMENT 2007-2017 2018-2024 Future POST IPO – PRE-MERGER POST MERGER – TODAY NEXT PHASE OF GROWTH • Mostly European focused, with • #1 player worldwide, with • Reinforcing leadership and marginal presence in the US and diversified presence growing in high potential mo
Slide 15: Strategy and enablers to deliver medium-term objectives
STRATEGY AND ENABLERS TO DELIVER MEDIUM-TERM OBJECTIVES Accelerate Foster Enhance growth competitive operational differentiation excellence Culture, talent and Finance Technology, data Ongoing Sustainability organization discipline and Digital transformation roadmap 15 |
Slide 16: Medium-term financial objectives
MEDIUM-TERM FINANCIAL OBJECTIVES Market growth +4% New Build growth Medium-term targets Installed base growth to +6% +8% Annual Avg. Ticket on Equipment +6% sales growth to >25% Adjusted Weather +/-1% EBITDA margin Market share gains +2% ROCE >17% Inorganic growth Additional Fluidra growth 16 |
Slide 17: Sales by geography
SALES BY GEOGRAPHY Const. FX Evol. Constant Q3 €M 2024 % Sales 2025 % Sales Const. FX & 25/24 perimeter Perimeter Southern Europe 119 26% 131 26% 9.6% 9.7% 8.3% 8.3% Rest of Europe 68 15% 72 15% 6.1% 6.5% 2.4% 2.7% North America 190 41% 203 41% 6.6% 13.0% 6.6% 13.0% Rest of the World 88 19% 91 18% 3
Slide 18: Sales by business unit
SALES BY BUSINESS UNIT Const. FX Evol. Q3 €M 2024 % Sales 2025 % Sales & 25/24 Perimeter Pool & Wellness 457 98% 488 98% 6.9% 9.7% Residential 321 69% 337 68% 5.0% 8.0% Commercial 44 9% 50 10% 12.8% 14.2% Residential Pool Water 73 16% 81 16% 11.0% 13.9% Treatment Fluid Handling 19 4% 20 4% 9.3% 11.8
Slide 19: Reconciliation of PBT to adjusted EBITDA
RECONCILIATION OF PBT TO ADJUSTED EBITDA YTD €M 2024 2025 Evol. 25/24 Profit/loss before tax 171 226 31.8% Financial result 55 48 (12.0%) D&A 119 120 0.8% Restructuring, M&A and integration expenses 37 13 (63.9%) Stock based compensation expense 4 4 1.3% Adjusted EBITDA 386 411 6.4% 19 |
Slide 20: Reconciliation of profit attributable to the parent to adjusted EPS
RECONCILIATION OF PROFIT ATTRIBUTABLE TO THE PARENT TO ADJUSTED EPS YTD €M 2024 2025 Evol. 25/24 Profit/loss attributable to the parent 123 163 33.0% Restructuring, M&A and integration expenses 37 13 (63.9%) Stock based compensation expense 4 4 1.3% Financial result 55 48 (12.0%) Net interest paid (
Slide 21: Net working capital
NET WORKING CAPITAL % LTM % LTM September €M 2024 2025 Evol. 25/24 sales sales Inventories 466 22.6% 471 21.5% 1.2% Trade and other receivables 257 12.4% 323 14.8% 25.9% Trade payables 345 16.7% 356 16.3% 3.3% Operating net working capital 378 18.3% 438 20.0% 16.0% Dividends, earn-outs & others 51 2
Slide 22: Interim financial position (abridged)
INTERIM FINANCIAL POSITION (ABRIDGED) Assets 09/2024 09/2025 Liabilities 09/2024 09/2025 PPE & rights of use 360 353 Share capital 192 192 Goodwill 1,288 1,269 Share premium 1,149 1,149 Other intangible assets 829 748 Retained earnings and other reserves 248 320 Non-current financial assets 22 8 Int
Slide 23: Alternative performance measures
ALTERNATIVE PERFORMANCE MEASURES Fluidra’s financial statements are prepared according to IFRS and other applicable regulation. The financial information presented in this document also includes Alternative Performance Measures (‘APMs’) prepared according to the group’s reporting model. Please note
Slide 24: Thanks for your attention
Thanks for your attention +34 93 724 39 00 Investor_relations@fluidra.com Avda. Alcalde Barnils 69 - 08174 Sant Cugat (Barcelona) www.fluidra.com