Franchise Brands Plc · LSE:FRAN
Franchise Brands — H1 2026 Earnings Presentation
31 slides from Franchise Brands's earnings presentation, July 2026
Slide 1: Interim results 2026: A return to stronger growth
Interim results 2026 A return to stronger growth
Slide 2: Presenters
Franchise Brands plc 2 2026 Interim Results Presentation Presenters Stephen Hemsley Peter Molloy Neil Miller Executive Chairman CEO CFO Stephen co-founded Franchise Brands with Nigel Peter was appointed CEO in 2024. Between 2022 Neil was appointed CFO of Franchise Brands in May 2026. Wray in 2008 an
Slide 3: Return to stronger growth, driven by strategic initiatives and operational improvements
Franchise Brands plc 3 2026 Interim Results Presentation Return to Record System sales across our three core B2B businesses. US was the standout performer, with System sales growth in both the UK and stronger growth, Europe recovering. driven by Exceptionally strong performance of Filta Internationa
Slide 4: Peter Molloy, CEO
Franchise Brands plc 4 2026 Interim Results Presentation Peter Molloy CEO
Slide 5: Platform of international B2B franchise brands
Franchise Brands plc 5 2026 Interim Results Presentation STRATEGY Platform of Strategy international B2B A simpler, more connected Group that franchise brands converts local service activity into cash and shareholder value. £ Grow sales Spend smartly Expand the range of services, sector Shared platf
Slide 6: Financial highlights: H1 2026
Franchise Brands plc 6 2026 Interim Results Presentation Financial highlights: H1 2026 £229.2m £18.5m 4.81p System sales Adjusted EBITDA Adjusted EPS +6.7% +6.5% +8.9% H1 2025: £214.9m H1 2025: £17.4m H1 2025: 4.42p £52.9m 1.5x 81% Adjusted net debt Leverage ratio Cash conversion H1 2025: 83% £(9.2)
Slide 7: Resilience from maintaining critical customer assets, and growing our business
Franchise Brands plc 7 2026 Interim Results Presentation Resilience from maintaining critical customer assets, and growing our business How Franchise 01 02 03 04 Brands’ core B2B Customer asset utilisation Failure / maintenance Operational response System sales model works 1.3m Pirtek Leading Europe
Slide 8: Our franchise partners: as they grow, we grow
Franchise Brands plc 8 2026 Interim Results Presentation Our franchise partners: “as they grow, we grow” Average H1 2026 System sales per B2B franchise partner* Recruit c£780k +9% yoy Support Average tenure of B2B franchise partner 11 years Grow B2B franchise partners* in growth 73% in growth Optimi
Slide 9: Helping our franchise partners acquire, retain and share customer spend
Franchise Brands plc 9 2026 Interim Results Presentation Helping our franchise partners acquire, retain and share customer spend New customers acquired in H1 2026 Acquire 7,000 Retain Total number of active customers in H1 2026 56,000 Grow National account customer retention in H1 2026 Pirtek: >90%
Slide 10: One Franchise Brands value dashboard
Franchise Brands plc 10 2026 Interim Results Presentation One Franchise Brands value dashboard 01 02 03 04 Integration Commercial Productivity Cash delivery impact + margin discipline One Finance, One CRM, Expanding range of Administration Working capital, collections One Works, One Reporting servic
Slide 11: Pirtek H1 2026
Franchise Brands plc 11 2026 Interim Results Presentation Pirtek H1 2026: Breakdown of System sales by country, H1 2026 Service responsiveness, recovery upside, and margin conversion Sweden +7% 2% 43% 4% £99.4m £9.7m France UK & Ireland (9%) +3% System sales Adjusted EBITDA 15% + 2% + 2% Benelux +5%
Slide 12: Water & Waste Services: H1 2026
Franchise Brands plc 12 2026 Interim Results Presentation Water & Waste Services: H1 2026 Higher-value work, scale and operational productivity £58.0m £5.6m System sales Adjusted EBITDA + 6% (2)% £406 +27% Metro Rod AOV Divisional sales from more + 18% than one business 44% £190k Expanded range Annu
Slide 13: Filta International H1 2026
Franchise Brands plc 13 2026 Interim Results Presentation Filta International H1 2026: International growth, recurring service demand and environmental relevance £60.8m £5.0m System sales Adjusted EBITDA + 20% +40% 77% 31k lbs Royalty as a % System sales UCO volumes recycled H1 2025: 54% +16% Franch
Slide 14: Resilience by design: diversified markets, different demand drivers, one support platform
Franchise Brands plc 14 2026 Interim Results Presentation Resilience by design: diversified markets, different demand drivers, one support platform System sales North America Adjusted EBITDA North America by geography by geography c. 26% 27% 49% 47% UK UK 25% Europe Europe 26% Shared Platform: Commo
Slide 15: The benefits of our multi-brand business: common delivery platform and support
Franchise Brands plc 15 2026 Interim Results Presentation The benefits of our multi-brand business: common delivery platform and support Distinct brands with similar field-service characteristics Shared group infrastructure Why it matters 01 Man in van 02 Management franchise One CRM Customer intell
Slide 16: Neil Miller, CFO
Franchise Brands plc 16 2026 Interim Results Presentation Neil Miller CFO
Slide 17: System sales
Franchise Brands plc 17 2026 Interim Results Presentation System sales B2B franchise businesses contributing to overall growth +6.7% £10.1m - £0.3m £229.2m (£1.0m) £3.1m £214.9m £1.8m H1 2025 Pirtek Water & Waste Filta B2C Azura Inter Co elimination H1 2026 Services International *Used Cooking Oil
Slide 18: Adjusted EBITDA
Franchise Brands plc 18 2026 Interim Results Presentation Adjusted EBITDA A strong contribution from Filta International +6.5% £1.4m £0.1m (£0.1m) £18.5m (£0.4m) £0.2m £17.4m (£0.1m) H1 2025 Pirtek Water & Filta B2C Azura Group Overhead H1 2026 Waste Services International
Slide 19: Cashflow
Franchise Brands plc 19 2026 Interim Results Presentation Cashflow: Phasing of working capital masks continued strong cash generation £18.5m (£3.6m) (£2.9m) (£0.4m) (£1.7m) (£2.7m) (£2.1m) (£2.3m) (£0.2m) £7.7m £0.1m £7.9m (£2.6m) Net Cash at Adjusted Working Taxes Net Purchase Purchase/ Net bank In
Slide 20: Continued debt reduction and unlocking of equity value
Franchise Brands plc 20 2026 Interim Results Presentation Continued debt reduction and unlocking of equity value Adjusted net debt (£m) Leverage ratio (x) 2023A 2024A 2025A H1 26 2026E 2027E 2.5x 1.9x 1.6x 1.5x £31m 1.2x £44m 0.8x £53m £56m £65m £75m 2023A 2024A 2025A H1 26 2026E 2027E Notes: The cu
Slide 21: Cash Generation and Capital Allocation
Franchise Brands plc 21 2026 Interim Results Presentation Cash Generation and Capital Allocation Balancing deleveraging with investment in core business and progressive dividend Profitable growth and operational gearing Cash Working capital discipline Generation Non-core disposals Deleverage Capital
Slide 22: Stephen Hemsley, Executive Chairman
Franchise Brands plc 22 2026 Interim Results Presentation Stephen Hemsley Executive Chairman
Slide 23: Outlook
Franchise Brands plc 23 2026 Interim Results Presentation Outlook Benefits of a business model that combines resilient demand characteristics with significant growth opportunities. Our strategic initiatives position us well to continue to drive System sales growth and control costs. With macroeconom
Slide 24: Investment case
Franchise Brands plc 24 2026 Interim Results Presentation Investment case Resilient platform Market-leading Resilient essential Significant growth of international franchise brands services opportunities B2B franchise Platform of seven high quality, Resilient underlying demand for our Maximum potent
Slide 25: Appendix
Franchise Brands plc 25 2026 Interim Results Presentation Appendix
Slide 26: Summary of group results
Franchise Brands plc 26 2026 Interim Results Presentation Summary of group results H1 2026 H1 2025 Change £’000 £’000 % System sales 229,218 214,905 7% Statutory revenue 75,604 70,371 7% Cost of sales (31,661) (27,816) (14%) Gross profit 43,943 42,555 3% Administrative expenses (25,401) (25,138) (1%
Slide 27: Net debt
Franchise Brands plc 27 2026 Interim Results Presentation Net debt 30 Jun 2026 31 Dec 2025 Change Change 30 Jun Change Change % £'000 £'000 £'000 % 2025 £’000 Cash 18,374 15,293 3,081 20% 17,972 402 2% Overdraft (10,428) (7,542) (2,886) (38%) (10,435) 7 - Term loan (27,500) (32,500) 5,000 15% (35,00
Slide 28: Pirtek's range of services
Franchise Brands plc 28 2026 Interim Results Presentation Pirtek’s range of services Services Reactive Planned Project & Others • Emergency on-site hydraulic repair • Preventive Maintenance • Ram and cylinder repairs and replacement • Reducing total cost of operation • Hose flushing, testing, fluid
Slide 29: Water & Waste Services: at a glance
Franchise Brands plc 29 2026 Interim Results Presentation Water & Waste Services: at a glance • Drain clearance and repair • Emergency Plumbing • FOG Management, including • Pump Station Supply & Install installations, Servicing & Repair • Tanker Services • Gas Boiler Services • Pump Rehabilitation,
Slide 30: Filta International: at a glance
Franchise Brands plc 30 2026 Interim Results Presentation Filta International: at a glance Oil services Cleaning services • Oil removed from fryer into • Oil removed from fryer. • New bulk virgin oil supply • Steam based, eco friendly mobile filtration unit (“MFU”). service. & safe, deep clean servi
Slide 31: Disclaimer
Franchise Brands plc 31 2026 Interim Results Presentation Disclaimer The information contained in this document (“Presentation”) and the presentation made to you and/or quantify. These forward-looking statements speak only as of the date of this Presentation verbally has been prepared by Franchise B