Rosebank Industries Plc · LSE:ROSE
Rosebank Industries — H1 2025 Earnings Presentation
14 slides from Rosebank Industries's earnings presentation, August 2025
Slide 1: Rosebank Industries plc: ECI, the first step on an exciting journey
Strictly Private & Confidential Buy Improve Sell Rosebank Industries plc ECI: The first step on an exciting journey Investor presentation, August 2025
Slide 2: Disclaimer
Disclaimer • This presentation has been prepared by or on behalf of Rosebank Industries plc (“Rosebank” or the “Company”). The information set out in this presentation is not intended to form the basis of any contract. By attending (whether in person, by telephone or webcast) this presentation or by
Slide 3: Contents
Contents 1. Executive summary 2. The Rosebank team 3. The ECI opportunity 4. Funding the ECI acquisition 5. Strong pipeline of acquisition opportunities 6. Rosebank Interim Results H1 2025
Slide 4: 1. Executive Summary
1. Executive Summary • Rosebank is an AIM traded UK company seeking to recreate the highly successful “Buy, Improve, Sell” model employed by Melrose Industries PLC between 2003 and 2024. We will move to the main board next year. • Rosebank seeks to acquire underperforming industrial businesses with
Slide 5: 2. The Rosebank team: Melrose track record
2. The Rosebank team: Melrose track record How value was created(1) • 2 of the 3 original Melrose co-founders, and four other members of its senior management team, intend to recreate the same successful ‘Buy, Improve, Sell’ business model Sales Growth in a recently listed vehicle, called Rosebank I
Slide 6: 2. The Rosebank Team: Melrose track record
2. The Rosebank Team: Melrose track record We bought high quality manufacturing 1 businesses with performance improvement potential Long-standing senior management team Simon Christopher Jim Matt Geoff Joff 2 with decades of investment and operating Peckham Miller Slattery Richards Morgan Crawford e
Slide 7: 3. The ECI opportunity
3. The ECI opportunity • Electrical Components International, Inc. (“ECI”) is a predominantly US based, market leading manufacturing business providing critical electrical solutions to a range of diversified industrial end markets. • ECI was privately owned by Cerberus since 2018, constrained by lev
Slide 8: 3. The ECI opportunity: Meets the Rosebank acquisition criteria
3. The ECI opportunity: Meets the Rosebank acquisition criteria A leading player in the electrical connectivity market: 1 Strong market positions • ECI is an overall North American market leader for approximately 80% of its revenues High growth 2 • Well positioned to benefit from high-growth end mar
Slide 9: 3. The ECI opportunity: Strong margin improvement potential
3. The ECI opportunity: Strong margin improvement potential How Rosebank will improve ECI margins A Operational restructuring Identified restructuring projects to deliver improvements with significant further opportunities available B Increased investment Opportunities to drive the quality and effic
Slide 10: 3. The ECI opportunity: actions already taken
3. The ECI opportunity: actions already taken Headline EBITDA and Operating Margin improvement commitment 2024 Adjusted(1) EBITDA Margin: 15% Target Adjusted(1) EBITDA Margin 20% 2024 Adjusted(1) Operating Margin: 13% Target Adjusted(1) Operating Margin 18% Numerous opportunities for margin improvem
Slide 11: 4. Funding the ECI acquisition: Financing
4. Funding the ECI acquisition: Financing • Rosebank acquired Electrical Components International (“ECI”) for an Enterprise Value of $1.9bn(1) – c.$950m to refinance existing indebtedness – Shareholder Approval at 1 July 2025 EGM. – Settlement and admission of new shares to AIM on 3 July. – Completi
Slide 12: 4. Funding the ECI acquisition: top shareholders
4. Funding the ECI acquisition: top shareholders Shareholder %(1) BlackRock 10.7 Invesco 10.4 Artemis 9.8 Norges 8.8 Aviva 4.7 Schroder 4.1 Permian 4.1 Select 3.9 Lingotto 3.7 Franklin Templeton 2.6 Directors, Founders & Related Parties 1.8 M&G 1.7 Ophir 1.7 Fidelity 1.2 (1) As at 31 July 2025. 12
Slide 13: 5. Strong pipeline of acquisition opportunities
5. Strong pipeline of acquisition opportunities For ECI: • History of smaller acquisitions at c.7x EBITDA multiples. • Will continue to focus on higher margin Electrification & Industrial businesses • Extensive list of potential targets which ECI have an existing relationship with • Will only pursue
Slide 14: 6. Rosebank interim results H1 2025
6. Rosebank interim results H1 2025 • Rosebank interim results for the six month period ended 30 June 2025: 6 months ended 30 June 2025 7 months ended 31 Dec 2024 Adjusted1 Statutory results Adjusted1 Statutory results results results £m Operating loss (2.2) (33.2) (1.6) (9.5) Free cash flow2 (1.2)