Zotefoams Plc · LSE:ZTF
Zotefoams — H1 2025 Earnings Presentation
23 slides from Zotefoams's earnings presentation, Aug 5, 2025
Slide 1: 2025 Interim Results
2025 INTERIM RESULTS 05 AUGUST 2025 Ronan Cox, Group CEO Gary McGrath, Group CFO 2025 Interim Results | Zotefoams plc
Slide 2: Disclaimer
DISCLAIMER No representation or warranty, expressed or implied, is made or given by or on behalf of Zotefoams plc (“Zotefoams”, the “Company” or the “Group”) or any of its Directors or any other person as to the accuracy, completeness or fairness of the information contained in this presentation and
Slide 3: Results Highlights
Results Highlights Ronan Cox Group CEO 2025 Interim Results | Zotefoams plc
Slide 4: Record Performance in Revenue & Profit
RECORD PERFORMANCE IN REVENUE & PROFIT Results Highlights £ £ Record H1 Sales Performance Record Earnings Record Cash Generation Group revenue Margins Balance sheet ▪ Up 9% to £77.4m ▪ Gross margin up 140 bps to 34.6% ▪ Cash generation up 86% to (HY24: £71.1m) (HY24: 33.2%) £15.8m ▪ Operating margin
Slide 5: Strategic Highlights
5 STRATEGIC HIGHLIGHTS Underpinning our record H1 results is continued progress across our Expanding beyond the Core strategy. Health & Safety INDUSTRY AND CLOSER TO INNOVATION & M&A BEYOND HIGH PERFORMING CUSTOMER FOCUS THE CUSTOMER SUSTAINABILITY THE CORE TEAMS LEADERSHIP From product to Expanding
Slide 6: Regional Performance: EMEA
REGIONAL PERFORMANCE REVENUE EMEA £m HY25 HY24 Change Key Messages Revenue 61.4 55.3 +11% Double-digit EMEA growth driven primarily by strong Consumer & Lifestyle performance Segment profit 13.8 13.5 +2% – Consumer & Lifestyle up 18% to £37.9m, driven by strong Segment margin 22.4% 24.4% -200bps Zoo
Slide 7: Regional Performance: North America
REGIONAL PERFORMANCE REVENUE NORTH AMERICA £m HY25 HY24 Change Key Messages Revenue 14.5 13.1 +10% Strong growth and margin turnaround in North America, led by aerospace and operational improvements Segment profit 1.2 0.0 - – Revenue up 10% to £14.5m, with 5% volume growth and strong Segment margin
Slide 8: Regional Performance: Asia
REGIONAL PERFORMANCE REVENUE ASIA £m HY25 HY24 Change Key Messages Revenue 1.4 2.1 -33% Near-term challenges, but strategic investment positions region for future growth Segment profit 0.0 0.6 - – Revenue of £1.4m, down from £2.1m, reflects challenging local Segment margin 0.0% 27.9% - demand and co
Slide 9: Joint Venture with Seoheung: Accelerating growth in Asia
JOINT VENTURE WITH SEOHEUNG Transformational Step in Investment Structure Global Footwear Strategy ▪ Seoheung to invest $10m for 17.5% stake in ▪ Joint venture with Seoheung Co., Ltd, a $260m Vietnam entity footwear manufacturing specialist ▪ Option for Seoheung to increase to 35% for a further Acce
Slide 10: Results Highlights
Results Highlights Gary McGrath Group CFO 2025 Interim Results | Zotefoams plc
Slide 11: Key Income Statement Financials
HY25 KEY INCOME STATEMENT FINANCIALS Group Revenue1 Gross Margin Operating Profit1,2 £77.4m 34.6% £12.2m Record Up 9% Up 140 bps Up 26% Group revenue HY24: £71.1m HY24: 33.2% HY24: £9.7m PBT1,2 Basic EPS1,2 £11.4m 19.99p Enhanced Up 37% HY24: £8.3m Up 55% HY24: 12.89p margins SGA Interest Tax Record
Slide 12: Key Balance Sheet/Cash Flow Financials
HY25 KEY BALANCE SHEET/CASH FLOW FINANCIALS Cash From Operations Net Capital Expenditure Working Cap In/Outflow £15.8m £7.8m £0.5m Strong cash Up 86% Down 4% Net movement +£6.4m generation reduces HY24: £8.5m HY24: £8.1m HY24: £(5.9)m net debt & leverage Net Debt1 Leverage Interim Dividend £21.1m 0.
Slide 13: Movement in Net Debt During the Period
HY25 Cash generated from KEY FINANCIALS operations up £7.3m vs MOVEMENT IN NET DEBT DURING THE PERIOD HY24 £m 33.0 (8.9) H1 capex focus on US 8.0 29.1 low-pressure vessel 24.1 switches to H2 focus on (15.8) 1.7 1.4 21.1 Vietnam facility - cash 2.5 (0.6) out supported by joint 7.8 venture investment
Slide 14: Summary & Outlook
Summary & Outlook Ronan Cox Group CEO 2025 Interim Results | Zotefoams plc
Slide 15: HY25 Summary
HY25 SUMMARY Record H1 2025 Performance Vertical Performance Progress on Strategy ▪ Revenue up 9% to £77.4m ▪ Consumer & Lifestyle up 16% to ▪ Good progress already made £38.6m since March Capital Markets Day ▪ Profit before tax up 37% to £11.4m ▪ Transport & Smart Technologies up 13% to £26.2m ▪ Co
Slide 16: Full Year Outlook
FULL YEAR OUTLOOK Solid progress on market verticals and Operational momentum is expected commercial transformation to continue Investment in Expanding Beyond the Good momentum gives confidence that Core strategy gathering pace full-year profit before tax will be ahead of expectations 2025 Interim R
Slide 17: Appendices
Appendices 2025 Interim Results | Zotefoams plc
Slide 18: How Our Unique Foams Business Works
HOW OUR UNIQUE Starting with a core process FOAMS BUSINESS WORKS –Proprietary three-stage process –Meaningful and sustainable competitive advantage Polymer Granules Feed Making the best use of our assets –Running full with a focus on high margin products STAGE 1 EXTRUSION –Regional supply for everyd
Slide 19: Business Overview
19 Factory / Plant Sales office Innovation Centre BUSINESS OVERVIEW Zotefoams T-FIT Material Technology UK (Kunshan) China Innovation Centre Zotefoams plc T-FIT® products Croydon UK manufacture Foam manufacture 5+ Manufacturing Plants Zotefoams Inc Walton, KY, USA South Korea Foam manufacture Footwe
Slide 20: Our Market Verticals & Typical Applications
20 OUR MARKET VERTICALS & TYPICAL APPLICATIONS Consumer & Transport & Construction & Lifestyle Smart Technologies Other Industrial Premium & Ducting Interior Trim Equipment & Skid Insulation Footwear performance soles Aerospace Thermal Insulation Low Dielectric Construction & Pipe Insulation Insulat
Slide 21: Key Financials
HY25 KEY FINANCIALS OPERATING PERFORMANCE INTEREST & TAX BUSINESS UNIT PERFORMANCE £m HY25 HY24 Change £m HY25 HY24 Change % HY25 HY24 Change Group revenue 77.4 71.1 9% Net finance charges 0.8 1.4 (41%) Segment margin - EMEA 22.4 24.4 (200 bps) Gross profit 26.8 23.6 14% Profit before tax 11.4 8.3 3
Slide 22: Balance Sheet and Cash Flow
BALANCE SHEET CASH FLOW £m Jun-25 Jun-24 Dec 24 £m Jun-25 Jun-24 Intangible assets 0.3 11.1 0.4 Profit before tax 11.4 8.3 Property, Plant & Equipment 93.3 93.3 92.1 Depreciation/Amortisation 4.3 4.2 Finance costs 0.8 1.4 Right of use assets 8.8 9.9 9.4 Net exchange differences (1.6) 0.2 Tangible &
Slide 23: Five-Year Trading History
FIVE-YEAR TRADING HISTORY REVENUE & PROFIT1 CAPITAL EXPENDITURE & CASH GENERATION £m £m 2024 2023 2022 2021 2020 12.2 12.8 15.3 Capital expenditure 13.3 8.5 7.0 7.0 12.7 7.0 (including intangibles) 8.3 Cash generated from operations 30.4 12.1 23.0 12.2 13.0 147.8 127.4 127.0 82.7 100.8 2020 2021 202