Techtronic Industries Co., Ltd. · HKEX:669
Techtronic Industries — H1 2026 Earnings Presentation
28 slides from Techtronic Industries's earnings presentation, Aug 4, 2026
Slide 1: Disclaimer
DISCLAIMER This document (“document”) has been prepared by Techtronic Industries Company Limited (the “Company” or “TTI”, and together with its subsidiaries, the “Group”) solely for use at the presentation held in connection with the announcement of the Company’s financial results (the “Presentation
Slide 2: 2026 Analyst Presentation
2026 ANALYST PRESENTATION August 4th, 2026
Slide 3: Horst Pudwill, Executive Chairman
HORST PUDWILL EXECUTIVE CHAIRMAN
Slide 4: Frank Chan, Chief Financial Officer
FRANK CHAN CHIEF FINANCIAL OFFICER
Slide 5: 2026 First Half Results
2026 FIRST HALF RESULTS Delivered strong first half results with record high EBIT Margin of 9.9% 2025 2026 CHANGE SALES $7,833 $8,292 +5.9% EBIT MARGIN GROSS PROFIT % 40.3% 42.9% +258 bps GROWTH SGA % 31.3% 33.0% +173 bps +86bps EBIT $709 $822 +15.9% % OF SALES 9.1% 9.9% NET PROFIT $628 $738 +17.5%
Slide 6: 2026 First Half Segment Results
2026 FIRST HALF SEGMENT RESULTS 2025 2026 CHANGE RESTATED SEGMENT SALES EBIT SALES EBIT SALES EBIT MARGIN PROFESSIONAL $5,372 $534 $5,891 $619 +9.7% +16.0% +57bps % OF SALES 9.9% 10.5% CONSUMER $2,461 $176 $2,401 $204 -2.5% +15.8% +133bps % OF SALES 7.1% 8.5%
Slide 7: 2026 First Half Income Statement
2026 FIRST HALF INCOME STATEMENT 2025 2026 CHANGE SALES $7,833 $8,292 +5.9% GROSS PROFIT $3,156 $3,555 +12.6% % OF SALES 40.3% 42.9% +258 bps SELLING, DISTRIBUTION, & ADVERTISING $1,350 $1,583 +17.3% ADMINISTRATIVE EXPENSES $743 $773 +4.0% RESEARCH & DEVELOPMENT $359 $383 +6.7% TOTAL SG&A EXPENSES $
Slide 8: 2026 First Half Financial Position
2026 FIRST HALF FINANCIAL POSITION 2025 2026 CHANGE NON-CURRENT ASSETS $5,136 $4,803 -6.5% CURRENT ASSETS $8,758 $8,995 +2.7% CURRENT LIABILITIES $5,676 $5,120 -9.8% NET CURRENT ASSETS $3,082 $3,875 +25.8% LONG-TERM LIABILITIES $1,563 $1,231 -21.2% EQUITY $6,655 $7,447 +11.9%
Slide 9: 2026 H1 Financial Figures
2026 H1 FINANCIAL FIGURES 2025 2026 CHANGE INVENTORY $4,293 $4,315 DAYS 103 100 - 3 DAYS RECEIVABLES $2,492 $2,369 DAYS 60 55 - 5 DAYS PAYABLES $4,248 $4,068 DAYS 102 94 - 8 DAYS NET WORKING CAPITAL $2,537 $2,616 % OF SALES 16.8% 16.6% CAPEX $96 $92 -4.2% % OF SALES 1.2% 1.1%
Slide 10: H1 Free Cash Flow
H1 FREE CASH FLOW $753M $508M $468M H1 2026 Net Cash $301M $500M +$1,066m 2023 2024 2025 2026 CONVERSION: 63% 92% 74% 102% Internal Target: Deliver FY FCF +$1.3B USD Free Cash Flow equals net cash from operating activities, less purchase of property, plant and equipment, less additions to i ntangibl
Slide 11: 2026 First Half Debt Profile
2026 FIRST HALF DEBT PROFILE 2025 2024 2026 2025 CHANGE CHANGE CASH BALANCE INVENTORY $1,608 $4,076 $1,889 $4,452 +17.5% DAYS 102 106 +4 DAYS DEBTS WITH FIXED MATURITIES $1,016 $773 -23.9% RECEIVABLES WORKING CAPITAL FINANCING $1,884 $466 $1,936 $50 -89.3% DAYS 47 46 -1 DAY TOTAL DEBTS $1,482 $823 -
Slide 12: Steve Richman, Chief Executive Officer
STEVE RICHMAN CHIEF EXECUTIVE OFFICER
Slide 13: Bookends of Success: One Team | Great Leaders
BOOKENDS OF SUCCESS ONE TEAM | GREAT LEADERS
Slide 14: H1 Record Results, Strong Future Outlook
2026 H1 Record Results Strong Future GROWTH PROFITABILITY EXECUTION EMEA GLOBAL MANAGING COMMODITY PRESSURE EXPAND LEVERAGE & ALIGNMENT OWNING LATAM & ASIA COST THE CONSUMER INVEST OUT WITH INNOVATION EXPANDING N. AMERICA & ANZ TARGETED HIGH GROWTH DOMINATE MARGIN EXPANSION PROFESSIONAL END-MARKETS
Slide 15: Financial Focus Areas
FINANCIAL FOCUS AREAS #1 #2 #3 SALES EBIT FREE CASH GROWTH ACCRETION FLOW INTERNAL TARGET: INTERNAL TARGET: INTERNAL TARGET: +MSD TO +HSD DRIVING TO 10% DELIVER OVER GROWTH OF SALES IN 2027 US$1B
Slide 16: 2026 First Half Sales by Brand
2026 FIRST HALF SALES BY BRAND Milwaukee & Ryobi account for 93% of total sales PROFESSIONAL CONSUMER 71% 22% $5.9B | +7.7% $8.3B $1.9B | +1.7% +4.0% UNDERLYING GROWTH +10.5% 7% All Other $547M | -19.4% Growth in local currency
Slide 17: $160B+ Global Opportunity: Our Core Trades
$160B+ GLOBAL OPPORTUNITY OUR CORE TRADES MECHANICAL ELECTRICAL PLUMBING REMODELING UTILITY TRANSPORTATION GENERAL LANDSCAPING ENERGY MINING MAINTENANCE CONTRACTING & TREE CARE
Slide 18: Demand by End-Market: High-Growth Entrenchment
DEMAND BY END-MARKET HIGH-GROWTH ENTRENCHMENT Home Other Non-Residential END-MARKET GROWTH Remodeling Construction New Home Construction 8% 8% 47% 5% SERVICE & MAINTENANCE 32% TECHNOLOGY, ENERGY TECH, SERVICE & & MANUFACTURING ENERGY & MFG MAINTENANCE OTHER
Slide 19: The Brand Distribution Counts On
THE BRAND DISTRIBUTION COUNTS ON DELIVERING SALES AND PROFITABILITY STRONG SUPPORT FOR OUR CORE TRADES
Slide 20: $80B+ Global Opportunity
$80B+ GLOBAL OPPORTUNITY TRANSPORTATION LIFESTYLE & LIGHT DIY HEAVY DIY LAWN & GARDEN CLEANING MAINTENANCE RECREATION DO IT YOURSELF USER STRATEGY
Slide 21: Growth Strategy
RYOol —s 3) CONSUMER INNOVATION ‘I P= ENABLING DEMAND TECHNOLOGY GENERATION Pp Low |3t CREATE RYOBI LOYALISTS
Slide 22: Ty Staviski, Group Deputy CFO
@ Wd TY STAVISKI GROUP DEPUTY CFO
Slide 23: Sales Growth by Brand
SALES GROWTH BY BRAND MILWAUKEE & RYOBI growth of 8.2% offset by noncore sales rationalization and HART exit Contribution by Brand Underlying +10.5% +5.9% +8.2% +1.7% EXITED -2.3 pts Underlying sales growth FC & In Local Currency Other -11.5%
Slide 24: Strong Sales Momentum
STRONG SALES MOMENTUM On Track to internal target of Low Double Digit Growth FY SALES $1B+ INTERNAL TARGET +10% +12% $10.7B +11% $9.9B $8.9B Low Double Digit Growth ANNUAL SALES GROWTH 2023 2024 2025 2026 2027 2028 2029 2023 – 2025 Growth in Local Currency, 2025 presented on an underlying basis in L
Slide 25: Gross Margin Walk
GROSS MARGIN WALK Gross Margin up +163bps after adjusting for Hart exit and excess tariffs in 2025 +163bps +95bps +37bps +7bps EMEA and APAC +59bps EMEA and APAC All Other +82bps EMEAEMEA and APAC & ROW Mix + 41.2% 42.9% +70bps +25bps Growth of higher -22bps Productivity 42.9% margin business 41.2%
Slide 26: EBIT Margin Walk
EBIT MARGIN WALK Well positioned to meet or exceed our internal 10.0% Target by 2027 H1 EBIT Margin Walk 9.3% +19bps -22bps +55bps -29bps +86bps +10.0% EMEA & Mix + Commodities +63bps ROW Productivity All Other 9.9% Net Annualization of 9.1% Tariff Mitigation Internal Target: Efforts & Investments E
Slide 27: Delivering Value for Investors
DELIVERING VALUE FOR INVESTORS We anticipate the ability to further increase returns to shareholders in the years to come Strong Free Cash Flow On track to deliver another year of strong FCF H1 Dividend $1,591M $1,395M $1.50 HKD $1,281M $1.3B+ +20.0% vs. H1 2025 Share Buy Back Program 2023 2024 2025
Slide 28: Thank You
TTI THANK You
Techtronic Industries Company — H1 2026 Earnings Presentation on 6ix