Slide 1: Gurit H1 2025 Results
Gurit H1 2025 Results Media and Analyst Conference Tobias Lührig Javier Perez-Freije CEO CFO Zurich, August 20, 2025, at 09:00 AM CEST Global leader in performance materials empowering our customers’ energy-efficient solutions
Slide 2: H1 2025 Business Update & Highlights
H1 2025 Business Update & Highlights Tobias Lührig, CEO Global leader in performance materials empowering our customers’ energy-efficient solutions
Slide 3: Restructuring Complete – Margin Stronger Despite Lower Net Sales
Restructuring Complete – Margin Stronger Despite Lower Net Sales Restructuring efforts Net sales were CHF 164.7m, Adjusted operating result successfully completed; down -20.1% at constant was CHF 9.3m, with a margin resulting in a leaner, more exchange rates (-22.9% of 5.7% (compared to CHF focused
Slide 4: Net Sales and Road Ahead for Wind Materials and Manufacturing Solutions
Net Sales and Road Ahead for Wind Materials and Manufacturing Solutions Wind Materials Strengthening Continue to focus on Manufacturing segment net sales relationships with Wind Materials sales Solutions net sales were CHF 105.0m core Western Wind on strategic markets were CHF 15.2m (-22.9%*), refle
Slide 5: Net Sales Performance with Strategic Wins
Net Sales Performance with Strategic Wins Marine and Industrial segment achieved CHF Deliveries of recycled PET to new industrial 44.6m in net sales (-10.5%*), with steady segments, such as home & workspace solutions progress in lightweighting and marine vessel and transport, will start in Q4. produ
Slide 6: Supply Chain & Impact of US Tariffs
Supply Chain & Impact of US Tariffs Supply chain costs have eased due to US tariffs have had a minor direct effect on operational improvements and lower raw Gurit's sales and profits, offset by price and material prices, though logistics expenses sourcing adjustments. The main challenge has remain a
Slide 7: Organization & Strategic Realignment
Organization & Strategic Realignment Javier Perez-Freije, CFO, to leave Gurit by end Gurit is pivoting towards a multi-market of November. The search for a new CFO is well strategy, driving greater diversification across advanced and the nomination will be its business segments and building on its a
Slide 8: H1 2025 Financial Results
H1 2025 Financial Results Javier Perez-Freije, CFO Global leader in performance materials empowering our customers’ energy-efficient solutions
Slide 9: H1 2025 Key Facts
H1 2025 Key Facts Stop of carbon fibre pultrusion business Sales in mCHF Free cash flow in mCHF and focus on profitable Wind customers impacted Sales as expected. 164.7 -13.2 Business Unit Marine & Industrial with -20.1%*) vs. H1 2024 1.0 in H1 2024 slow H1 2025 due to tariff uncertainty. Improved p
Slide 10: Operating Results Improve Despite Lower Sales
Operating Results Improve Despite Lower Sales In mCHF Net Sales Gross Profit Adj. Op. Profit Sales Net Sales: 213.5 Sales decline relates to stop of -22.9% -22.9% carbon fiber (-20.1%)* (-20.1%)* business. 164.7 213.5 -21.0% Gross Profit: 141.0 (-18.1%)* Improved result 164.7 thanks to restructuring
Slide 11: Operating Result Driven by Successfully Implemented Restructuring Measures
Operating Result Driven by Successfully Implemented Restructuring Measures In mCHF 11.6 -0.4 9.3 5.4%* 5.4%* -11.7 5.7%* 5.7%* 12.5 -2.7 H1 Volume Material/ sales Efficiency measures Other H1 2024 and mix prices, net restructuring 2025 * Adjusted operating result in % of sales Gurit H1 2025 Presenta
Slide 12: Free Cash Flow Impacted By Restructuring Measures
Free Cash Flow Impacted By Restructuring Measures In mCHF Trade net working capital CAPEX Free cash flow 102.4 98.5 -11% 93.3 6.5 83.1 73.8 1.0 72.9 6.7 -27% 5.5 5.2 3.8 -13.2 -19.3 2020 2021 2022 2023 2024 H1 H1 22 H1 23 H1 24 H1 25 H1 22 H1 23 H1 24 H1 25 2025 • Net Working Capital is following ne
Slide 13: Building Resilience: Temporary Impact, Long-term Value
Building Resilience: Temporary Impact, Long-term Value In mCHF Net Debt Equity Net Debt / Adj. EBITDA 79.3 82.9 +16.6 Net debt increase in line with free cash flow. 63.4 62.7 60.4 -14.4 46.0 Equity is impacted by exchange rates (CTA H2 +0.5x 2025: CHF 11.9m). 1.9x 1.9x 1.4x Adjusted EBITDA excludes
Slide 14: Impact of US Tariffs Remain Limited
Impact of US Tariffs Remain Limited • Direct impact of US tariff on Gurit’s exports in the first half of 2025 was minor, resulting in a small decrease in sales and profit, which was partially offset by price increases and changes in sourcing. • The indirect impact of tariffs was more significant, as
Slide 15: Western Wind Markets Are Expected To Grow From 2025 onwards, but short-term uncertainty prevails
Western Wind Markets Are Expected To Grow From 2025 onwards, but short-term uncertainty prevails ONSHORE (GW) OFFSHORE (GW) Onshore Wind Market • China’s onshore wind stabilizing at 73-78 GW 24.0% annually, while Europe & the U.S. continue steady 13.8% 62 11.6 11.6 expansion, supported by incentives
Slide 16: Positive Lightweighting Markets Outlook
Positive Lightweighting Markets Outlook Marine and Industry market environment Marine growth expected Strong demand for PET Strong demand of Corecell overall but slowed by tariffs across all markets, in particular S-Foam for subsea and and U.S. decline; Marine related to sustainability. defense sect
Slide 17: Outlook
Outlook Year-end guidance unchanged with expected Focusing on most profitable sectors of the 01. adj. operating profit margin at the level as 04. Wind and non-Wind markets. 2024. Sales guidance around CHF 300 million during this transition period. Remain focused on innovation and to expand 02. 05. o
Slide 18: End of Presentation
End of Presentation Thank you for joining us today! Next date To join the Q&A, please 23 October 2025: use your dial-in credentials. Q3 net sales media release Contact: investor@gurit.com +41 44 316 15 50
Slide 19: Thank you for your attention
Thank you for your attention investor@gurit.com www.gurit.com Global leader in performance materials empowering our customers’ energy-efficient solutions
Slide 20: Disclaimer
Disclaimer This presentation may include forward-looking statements that reflect the intentions, beliefs or current expectations and projections of Gurit Holding AG about the future results of operations, financial condition, liquidity, performance and similar circumstances. Such statements are made