SGS Geological Services · SIX:SGSN

SGS Geological Services — SGS — H1 2026 Earnings Presentation

28 slides from SGS Geological Services's earnings presentation, Jul 24, 2026

  1. Slide 1: Excellent H1 results, Strategy 27 fully successful

    Excellent H1 results, Strategy 27 fully successful 24 July 2026 Environmental pollutant analysis, USA Géraldine Picaud CEO Marta Vlatchkova CFO

  2. Slide 2: Business highlights

    Business highlights Géraldine Picaud CEO 22 H1 2026 results | 24 July 2026 PCR sample preparation, UK

  3. Slide 3: Excellent H1 results, Strategy 27 fully successful

    Business highlights Excellent H1 results, Strategy 27 fully successful Strategic highlights H1 Financial performance highlights Double-digit growth in Digital Trust and Organic sales growth of 5.6% supported by Sustainability, confirming their role as key strong acceleration in Q2 at 5.9%, despite t

  4. Slide 4: On track to exceed 2027 targets

    Digital Trust and Sustainability On track to exceed 2027 targets Total sales Total sales +38% +18% vs H1 2025 vs H1 2025 350 1 000 ~320 ~900 Sales, CHF million Sales, CHF million 150 400 2023 2026 2027 2023 2026 2027 Baseline Proforma1 Target Baseline Proforma1 Target 1 Includes full scope of acquis

  5. Slide 5: Strong contribution from ATS in H1

    Acquisition of ATS Strong contribution from ATS in H1 Integration firmly on track Cost savings already achieved in real estate, procurement, and start of the functional leadership consolidation Cost synergies realized according to plan First cross-selling projects implemented in H1 Pipeline of joint

  6. Slide 6: 14 bolt-on acquisitions year-to-date and strong pipeline

    M&A activity 14 bolt-on acquisitions year-to-date and strong pipeline Representing total annual sales of CHF 100 million New New New x x Inc. x New x New x New x : new since Q1 reporting 6 H1 2026 results | 24 July 2026

  7. Slide 7: Strong organic growth supported by all business lines

    H1 2026 sales by business line Strong organic growth supported by all business lines Sales by business line CHF million Testing & Inspection Certification SGS Group 5.4% 7.3% 5.6% 4.7% 3 683 1 312 5.5% 6.8% 842 4.5% 686 441 402 Industries & Natural Connectivity & Health & Business H1 2026 sales Envi

  8. Slide 8: Solid results driven by Inspection and Environment

    Testing & Inspection: Industries & Environment Solid results driven by Inspection and Environment CHF million H1 2025 H1 2026 I&E Sales 1 129 1 312 Total change 16.2% of which organic 4.7% 35% of which scope 17.6% of which FX -6.1% of Group Adjusted operating income 136 146 sales Adjusted operating

  9. Slide 9: Strong growth led by excellent results in Minerals

    Testing & Inspection: Natural Resources Strong growth led by excellent results in Minerals CHF million H1 2025 H1 2026 NR Sales 801 842 Total change 5.1% of which organic 5.5% 23% of which scope 3.7% of which FX -4.1% of Group Adjusted operating income 103 121 sales Adjusted operating income margin

  10. Slide 10: Excellent growth in Softlines, Hardlines and Connectivity

    Testing & Inspection: Connectivity & Products Excellent growth in Softlines, Hardlines and Connectivity CHF million H1 2025 H1 2026 C&P Sales 672 686 Total change 2.1% of which organic 6.8% 19% of which scope 1.8% of which FX -6.5% of Group Adjusted operating income 150 156 sales Adjusted operating

  11. Slide 11: Solid organic growth driven by Food

    Testing & Inspection: Health & Nutrition Solid organic growth driven by Food CHF million H1 2025 H1 2026 H&N Sales 440 441 Total change 0.2% of which organic 4.5% 12% of which scope 1.1% of which FX -5.4% of Group Adjusted operating income 52 56 sales Adjusted operating income margin 11.8% 12.7% Hig

  12. Slide 12: Excellent performance led by Digital Trust & Sustainability

    Certification: Business Assurance Excellent performance led by Digital Trust & Sustainability CHF million H1 2025 H1 2026 BA Sales 380 402 Total change 5.8% of which organic 7.3% 11% of which scope 4.8% of which FX -6.3% of Group Adjusted operating income 68 76 sales Adjusted operating income margin

  13. Slide 13: Financial performance

    Financial performance Marta Vlatchkova CFO 13 13 H1 2026 results | 24 July 2026 Secure technology evaluation, Netherlands

  14. Slide 14: Key figures in H1

    Financial performance Key figures in H1 Sales Adjusted operating income CHF 3 683 million CHF 555 million +5.6% organic growth 15.1% AOI margin on sales [+7.6% reported] [+20 basis points versus H1 2025] Free cash flow CHF 260 million +25.0%1 versus H1 2025 1 Excluding HQ disposal proceeds of CHF 80

  15. Slide 15: Strong organic sales growth of 5.6%

    H1 2026 sales bridge Strong organic sales growth of 5.6% Sales bridge CHF million +5.6% +7.8% -5.8% +7.6% +265 -193 3 683 3 422 +189 + 13.4% at constant currency H1 2025 sales Organic Scope Forex H1 2026 sales 15 H1 2026 results | 24 July 2026

  16. Slide 16: FX comparison in EUR and USD

    FX comparison in EUR and USD H1 2026 sales growth comparison in EUR and USD in millions CHF EUR equivalent USD equivalent H1 2026 sales 3 683 4 012 4 679 Organic growth +5.6% +5.6% +5.6% Scope +7.8% +7.8% +7.8% Constant currency growth +13.4% +13.4% +13.4% Forex -5.8% -3.1% +4.6% Total growth +7.6%

  17. Slide 17: Strong organic growth despite Middle East

    H1 2026 sales by region Strong organic growth despite Middle East Sales by region CHF million Testing & Inspection Certification SGS Group 5.4% 7.3% 5.6% 9.9% 2.3% 3 683 1 070 964 6.1% -2.8% 9.0% 539 357 351 402 Asia North Eastern Europe, Latin Business Europe America H1 2026 sales Pacific America M

  18. Slide 18: Strong improvement of 20 basis points to 15.1%

    H1 2026 adjusted operating income (AOI) Strong improvement of 20 basis points to 15.1% AOI margin bridge CHF million +20 basis points -35 15.1% +42 14.9% +39 +30 +10 -20 555 509 basis basis basis 555 points points points H1 2025 AOI Organic Scope Forex H1 2026 AOI 18 H1 2026 results | 24 July 2026

  19. Slide 19: Earnings per share of CHF 1.58

    Full P&L Earnings per share of CHF 1.58 CHF million H1 2025 H1 2026 Change Sales 3 422 3 683 261 + 7.6% Adjusted operating income (AOI) 509 555 46 + 9.0% AOI margin on sales 14.9% 15.1% 0.2 pp Amortization and impairment of acquired intangibles -22 -29 -7 Restructuring costs -16 -18 -2 Other non-rec

  20. Slide 20: Excellent free cash flow generation

    Free cash flow review Excellent free cash flow generation CHF million H1 2025 H1 2026 Change Adjusted operating income (AOI) 509 555 46 + 9.0% Depreciation and amortization 216 225 9 Adjusted EBITDA 725 780 55 Restructuring cash-out -27 -29 -2 Non-cash and non-operating items 7 -11 -18 Change in net

  21. Slide 21: Outlook 2026

    Outlook 2026 Géraldine Picaud CEO 21 21 H1 2026 results | 24 July 2026 Food analysis, USA

  22. Slide 22: Outlook confirmed

    Outlook 2026 Outlook confirmed 5% to 7% organic sales growth 5% to 7% additional sales from acquisitions, including ATS ≥ 16% Adjusted Operating Income margin, in reported terms > 50% cash conversion Capital Markets Event on 17 and 18 November 2026 Detecting contaminants, Belgium 22 H1 2026 results

  23. Slide 23: Appendix

    Appendix 23 H1 2026 results | 24 July 2026

  24. Slide 24: H1 2026 FX impact

    H1 2026 FX impact Strong appreciation of the CHF against all major currencies Currency impact on sales growth Currency impact on adjusted operating income (CHF million) (CHF million) H1 2026 sales H1 2026 AOI 590 at constant currency 3 876 at constant currency USD -1.4% USD EUR -0.6% EUR CNY -0.6% C

  25. Slide 25: Strong organic sales growth of 5.9%

    Q2 2026 sales bridge Strong organic sales growth of 5.9% Q2 Sales bridge CHF million +5.9% +8.1% -2.7% +11.3% +141 -47 1 937 1 741 +102 1 937 + 14.0% at constant currency Q2 2025 sales Organic Scope Forex Q2 2026 sales 25 H1 2026 results | 24 July 2026

  26. Slide 26: Financial calendar

    Upcoming events Financial calendar Q3 2026 sales update Capital Markets Event FY 2026 results Virtual Europe Zurich 23 October 2026 17-18 November 2026 11 February 2027 Annual General Meeting Q1 2027 sales update H1 2027 results Virtual Virtual 24 March 2027 23 April 2027 23 July 2027 26 H1 2026 res

  27. Slide 27: Disclaimer

    SGS Disclaimer Certain matters discussed in this presentation may constitute forward-looking statements that are neither historical facts nor guarantees of future performance. Because these statements involve risks and uncertainties that are beyond control or estimation of SGS, there are important f

  28. Slide 28: sgs.com

    sgs.com © SGS Société Générale de Surveillance SA (2026) All rights reserved.

SGS — H1 2026 Earnings Presentation on 6ix