Ontex Group N.v. · EURONEXT:ONTEX
Ontex — Ontex Group Nv Ord — Q3 2025 Earnings Presentation
13 slides from Ontex's earnings presentation, Oct 30, 2025
Slide 1: Q3 2025 results
Q3 2025 results October 30, 2025
Slide 2: Disclaimer
Disclaimer Forward-looking statements This presentation may include forward-looking statements. Forward-looking statements are statements regarding or based upon our management’s current intentions, beliefs or expectations relating to, among other things, Ontex’s future results of operations, financ
Slide 3: Sequential improvement across key financial indicators in Q3
Sequential improvement across key financial indicators in Q3 Adj. EBITDA Revenue Leverage margin €445M 11.4% 2.7x 25Q3 vs 24Q3 -3.8% LFL YoY -0.6pp YoY vs 2.5x at 12/24 25Q3 vs 25Q2 +3.7% QoQ +3.0pp QoQ vs 2.7x at 06/25 3
Slide 4: Continued soft demand led to lower YoY revenue
Continued soft demand led to lower YoY revenue Q3 revenue YoY (in €M) > Price/mix stable YoY 468 +0 -22 Sales +3 +2 -2 450 -5 445 > Volumes down 4% YoY price /mix Baby Feminine Adult Other Forex Adult care up 1% YoY, while ramping up capacity care care care Strong performance in feminine care, u
Slide 5: Favorable volume and mix drive sequential revenue recovery in Q3
Favorable volume and mix drive sequential revenue recovery in Q3 Revenue QoQ (in €M) -5% 476 -1% -5% -5% +4% Sales +1% 451 -1% -3% +3% -1% price 445 /mix -1% +1% Volume Forex Sales 430 Forex price Volume Volume /mix Forex Sales price /mix 24Q4 25Q1 25Q2 25Q3 5
Slide 6: YoY lower adj. EBITDA entirely attributable to revenue decrease
YoY lower adj. EBITDA entirely attributable to revenue decrease Cost transformation program fully mitigates cost increases Q3 adj. EBITDA YoY (in €M) > Lower revenue leads to €6M negative impact +16 -10 > Solid net savings delivery by cost transformation program, 56 -6 -5 despite lower volumes, than
Slide 7: Revenue recovery and cost transformation program drive sequential adj. EBITDA growth in Q3
Revenue recovery and cost transformation program drive sequential adj. EBITDA growth in Q3 Adj. EBITDA QOQ (in €M) -6 57 -15 +15 -5 -1 +0 51 -5 +0 51 +7 Revenue -10 Net Forex +8 Forex cost Revenue +1 36 Net cost Net Forex Revenue cost 24Q4 25Q1 25Q2 25Q3 margin 11.9% 11.2% 8.3% 11.4% 7 Net cost impa
Slide 8: Positive FCF drives net debt further down to €543M
Positive FCF drives net debt further down to €543M Net financial debt (in €M) Leverage ratio 2.7x 2.7x 2.7x 2.5x ~2.5x 656 612 552 543 > €9M net debt improvement thanks to positive FCF > Solid liquidity position maintained > Leverage stable at 2.7x 12/24 03/25 06/25 09/25 12/25 outlook Leverage 8 Ne
Slide 9: Adverse factors in H1 started improving in H2
Adverse factors in H1 started improving in H2 Adverse factors in H1 Improving in H2 Negative pricing carry-over Pricing stable Weaker demand in Europe & NA, especially for New contracts in Europe and NA started at end of Q3, retail brands, with less favorable geographic mix while market remains soft
Slide 10: Revenue and adj. EBITDA to improve further sequentially, on contract wins and continued net cost improvement
Revenue and adj. EBITDA to improve further sequentially, on contract wins and continued net cost improvement Revenue QoQ ≥ +5% Adj. EBITDA QoQ (in €M) (in €M) ≥ +13 +4% Forex +3% -1% Forex 445 +15 +9 -2 Volume 51 Net +1% Forex Sales cost 430 price /mix +8 Forex Revenue Volume Sales price Net /mix 36
Slide 11: Full year outlook maintained
Full year outlook maintained Free Revenue Adj. EBITDA Leverage cash flow down LFL by €200 - 210M ~€0M ~2.5X low single digit vs €1,860m in 2024 vs €223M in 2024 vs €48M in 2024 vs 2.5x at 12/24 While continuing to execute Ontex’s strategy, building the foundations for a stronger future 11
Slide 12: Q&A
Q&A 12
Slide 13: Ontex—Here for you.
Ontex— Here for you.