Slide 1: Presentation to investors
Presentation to investors August 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: Table of contents
Table of contents 1 Bekaert at a glance 2 H1 2026 results and outlook 3 A strong foundation for the next chapter 4 Appendix 3
Slide 4: Bekaert at a glance
1 | Bekaert at a glance Diversified end-markets | Technological Know-How | Scale | Financial Strength
Slide 5: A global leader shaping solutions through advanced metals and coating technologies
1 | A global leader shaping solutions through advanced metals and coating technologies Rubber Steel Wire Bridon-Bekaert Specialty Reinforcement Solutions Ropes Group Businesses 48% of sales 27% of sales 13% of sales 12% of sales Dramix® steel fiber concrete reinforcement Murfor® Compact masonry rein
Slide 6: A strong regional footprint supplying customers across the globe
2 | A strong regional footprint supplying customers across the globe EMEA North America APAC LATAM Resilient supply €3.7 bn sales 41% 22% 32% 5% chain in current geopolitical context Local-for-local, close proximity to our customers Ability to shift production and sourcing across supply chain Bekaer
Slide 7: A diversified business by end-market
3 | A diversified business by end-market Agriculture Consumer Basic Tire & materials automotive 2% 6% 7% Equipment 9% €3.7 bn sales 49% 13% Energy & 14% Utilities Construction & infrastructure Notes: Percentages per end-market are based on H1 2026 sales data | Equipment includes cranes, hose and con
Slide 8: Building a more resilient and focused business
4 | Building a more resilient and focused business Footprint & cost First steps in Commercial capability base optimization portfolio reshaping development • Capacity consolidations and • Exit of commoditized activities • End-market-driven business plant footprint optimization in SWS at attractive mu
Slide 9: Deep engineering and innovation capabilities
5 | Deep engineering and innovation capabilities High performance Advanced Surface Application In-house > 1650 wire metallurgy engineering knowledge and engineering & patents transformation & heat treatment & coatings validation quality control > 30 new IP applications filed in 2025 High strength-to
Slide 10: A structurally stronger financial profile
6 | A structurally stronger financial profile Increased profitability Strong cash generation Solid balance sheet +270 bps +124% Average Free Average margin Cash Flow improvement improvement -1.9x 2.4x 8.6% 8.6% €265m €258m Leverage reduction 5.9% €115m 0.8x 0.5x 2017-2019 2020-2022 2023-2025 2017-20
Slide 11: Growing shareholder returns
7 | Growing shareholder returns Dividend per share (€) +30% Progressive dividend policy 1.80 1.90 1.95 1.50 1.65 2021 2022 2023 2024 2025 Ongoing share Total returns to shareholders per year (€m) buyback program 206 209 197 196 120 120 100 100 94 Attractive valuation 86 89 94 97 96 2022 2023 2024 20
Slide 12: H1 2026 results and outlook
2 | H1 2026 results and outlook
Slide 13: H1 Results and Outlook
H1 Results and Outlook H1 results demonstrate disciplined performance in volatile period Demonstrated agility • Swift actions to mitigate inflation and logistics impacts from Middle East conflict FY 2026 Outlook Amid continued uncertainty • Pass-through mechanisms protecting profitability • Like-for
Slide 14: H1 2026 sales bridge
H1 2026 sales bridge Strong volume growth in millions of € 76 -50 -47 -69 Stable like-for-like sales performance Acquisitions: +4% volume growth Unfavorable regional Unfavorable mix impact: − Bridgestone sites: €+12m and product mix impact SWS divestment: RR lower volumes in RR volume growth in Asia
Slide 15: H1 2026 EBITu bridge
H1 2026 EBITu bridge Resilient profitability despite unfavorable sales mix Unfavorable mix: − RR: more sales in Asia EBITu margin EBITu margin − SWS: power & data transmission project delays in Europe 8.8% − Time lag of pass-through mechanisms 8.3% -3 -5 3 2 16 12 -43 Better cost absorption: − Maint
Slide 16: Rubber Reinforcement
Rubber Reinforcement Solid volume growth mitigating price pressure impacts from regional demand shift +2% like-for-like1 sales growth • Higher volumes (+6%) confirming strong market position • Price and mix effects (-4%) • Currency movements (-3%) and additional sales from the Sales EBITu acquired B
Slide 17: Steel Wire Solutions
Steel Wire Solutions Strong volume growth, primarily in power & data transmission +3% like-for-like1 sales growth • Higher like-for-like volumes (+3%) • Impact from pass-through of input costs and price-mix Sales EBITu effects (-1%) in €m in €m, % • Impact from disposals in Latin America (-11%) • Cu
Slide 18: Bridon-Bekaert Ropes Group
Bridon-Bekaert Ropes Group Increased order book supports H2 2026 deliveries Lower sales in challenging end markets • Lower volumes (-7%) • Impact from pass-through of input costs and price-mix effects (-2%) Sales EBITu in €m in €m, % • Currency movements (-2%) Lower volumes in uncertain environment
Slide 19: Specialty Businesses
Specialty Businesses Strong profitability improvement and outlook +77% EBITu growth vs H1 2025 Sustainable Construction Sales EBITu in €m in €m, % Strong momentum • Continued recovery in North America • Captured growth in US data center projects • Improved product mix across all regions Projects sec
Slide 20: Consolidated income statement – key figures
Consolidated income statement – key figures In €m H1 2025 H1 2026 EBIT (€m) Sales 1,953 1,863 Cost of sales -1,628 -1,566 Underlying Gross profit 325 298 115 135 Selling and Administrative expenses -133 -121 R&D expenses -26 -28 H1 2025 H1 2026 Other operating revenues / expenses 5 6 Underlying EBIT
Slide 21: Cash flow generation
Cash flow generation Working capital increased against low FY 2025 level In millions of €, working capital as % of sales1 700 628 656 35.0% • Working capital increase (+€28m vs H1 2025) linked to: 600 524 30.0% • Acquisition of the Bridgestone plants (+€18m) 500 • Currency impact (+€18m) 400 25.0% 3
Slide 22: A strong foundation for the next chapter
3 | A strong foundation for the next chapter
Slide 23: Building on a stronger foundation through targeted growth platforms
Building on a stronger foundation through targeted growth platforms Increase focus on markets where technical differentiation supports profitable growth Sustainable Power & Data Other opportunities Construction Transmission Improved business mix in 2026 >30% of Steel Wire Solutions Leveraging Bekaer
Slide 24: A stronger foundation for the next phase
Partner with existing customers – 1 leveraging capabilities to provide solutions Invest organically in end-markets with 2 A stronger growth momentum foundation for the Accelerate through targeted acquisitions 3 next phase. in attractive markets Reshape portfolio 24
Slide 25: Insights of first 100 days
Insights of first 100 days Listening tour across key customers, employees, analysts and shareholders Reputation & Quality Financial Resilience good reputation for quality healthy balance sheet and products backed up by local financial resilience technical expertise Integrated Solutions Simplificatio
Slide 26: Appendix
4.| Appendix E> Bekaert
Slide 27: Contact us
Contact us Dries Van Hamme Director Investor Relations Dries.VanHamme@bekaert.com Javier Sanchez Saura Investor Relations Manager Javier.Saura@bekaert.com 27
Slide 28: Rubber Reinforcement at a glance
Rubber Reinforcement at a glance 2025 €1.6bn 2025 Sales1 €142m 2025 EBITu 8.2% EBITu margin2 14.1% 2025 ROCEu Energy Basic Materials & Utilities End markets served Automotive 100% Geographies covered We supply all of the top 30 tire makers around the globe EMEA 38% APAC 47% NAM 15% One out of four t
Slide 29: Steel Wire Solutions at a glance
Steel Wire Solutions at a glance 2025 €1.0bn 2025 Sales1 €101m 2025 EBITu 8.5% EBITu margin2 27.5% 2025 ROCEu Serving diversified end markets with a wide End markets Agriculture range of solutions 19% served Energy & Utilities Construction 32% 12% Industrial & Consumer Automotive 22% 15% Geographies
Slide 30: Bridon-Bekaert Ropes Group at a glance
Bridon-Bekaert Ropes Group at a glance 2025 €518m 2025 Sales1 €45m 2025 EBITu 7.3% EBITu margin2 8.3% 2025 ROCEu Fishing & Marine End markets 8% Other 9% served Mining 28% Elevators 10% Cranes & Energy Industrials 23% 22% Geographies LATAM covered 14% EMEA 36% APAC 28% North America 22% 1 Consolidat
Slide 31: Specialty Businesses at a glance
Specialty Businesses at a glance 2025 €550m 2025 Sales1 €47m 2025 EBITu 6.5% EBITu margin2 12.9% 2025 ROCEu Sustainable Construction End markets served Equipment 18% Basic Materials Construction 10% 60% Energy & Utilities 7% Automotive 5% Geographies North covered America 16% Other segments APAC 28%
Slide 32: Alternative Performance Measures (APMs)
Alternative Performance Measures (APMs) Metric Definition Capital employed (CE) Working capital + net intangible assets + net goodwill + net property, plant and equipment + net RoU Property, plant and equipment. The average CE is computed as CE at balance sheet date plus CE same period of the previo
Slide 33: APM reconciliation table
APM reconciliation table 12025 _FY2025__Hi2026 Inventories 762 735 833 Net Debt 12025 _FY2025 _H1Z026 Trade receivables 545 526 615 Non-currant interest-bearing debt aaa 302 a4 Bilis of exchange received 28 20 w UT Lease Liability - non-current re n 69 ‘Advances paid 27 20 2 Current interest-bearing
Slide 34: APM reconciliation table
APM reconciliation table EBITDA - Underlying 12025 FY2025 _H12026 Equity ratio (financial autonomy) wi2025 FY2025 _H12026 EBIT - Underiving 7 297 155 Equity 215 2007 MOTE Amortization intangible assets 8 16 ° Total assets 3695___3802_3.946 Depreciation property, plant & equipment 63 ia 60 Financial
Slide 35: APM reconciliation table
APM reconciliation table ‘Net debt on EBITDA - Underlying 12025 _FY2025 12026 Net debt a7 720 367 EBITDA-Underlying (last twelve months) 491 469 447 ‘Net debt on EBITDA - Underlying 0.67 0.38 0.82 Current ratio 12025__-FY2025_-Hiz026 Current aseats 2005-1005 2085 Current liabilities 4143 3238 1359 C
Slide 36: Bekaert
= Bekaert